financial lessons from a farmer
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Financial Lessons From A Farmer

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On a recent visit to a local farmer, we learned about chickens and cows. But one thing I didn't expect to learn about finances!Last month when my sisters were in town we visited a local farmer. We had a blast learning about his chickens, cows and even how he makes honey. But, one thing I didn’t think I’d learn about during our visit was finances.

After we helped Mr. Ray feed his cows we asked about his land. He quickly let us know that he rents the land. He said he’d have to be a rich man to own all the land his cattle was on because it was worth a few million dollars. Wow! Crazy!

He went on to tell us how he pays cash for everything. Through the years he’s had to do without or make do with what he has until he has enough money to save up to buy something. He also said that he likes to sleep on decisions, both big and small. It was evident that the Lord’s hand was on his business and I have no doubt that it is because he has been faithful with the resources that God has given him.

Mr. Ray even told us that he’s looking at another piece of property to rent because his business is growing so much!

Seeing how God is blessing him definitely encouraged me. It’s no secret that we live in a fast paced society. If we want something we go buy it (sometimes whether we can afford it or not). We often buy now and think about it later. Oftentimes we end up buying things we can’t afford or don’t need and Dave Ramsey calls this “stupid tax.” Trust me, I’ve paid my fair share of stupid tax through the years and it’s not fun.

I’m a firm believer that if we don’t have the money to buy something we shouldn’t. I’ve always thought that we appreciate our purchases more when we save up and pay cash for them. We realize how much work it took to pay for that item, or we’ll even search harder to find a better deal!

Like I said, our visit to Mr. Ray’s was to see animals, but we came away with valuable life lessons. And you know what? I may have been the only one that his financial lesson touched, but I think that was definitely an encouragement from the Lord to continue to strive to be wise with the resources he has entrusted Trent and I with!

Don’t you love it when God teaches/reminds us everyday lessons when we least expect it?

Thrifty T

8 Comments

  1. Jenny
    Jenny10-10-2013

    Those farmers, they really are a special breed, aren’t they? I grew up in rural Kansas and most (no… ALL) of our neighbors were farmers. Hardworking, respectable, honest, generous people. Praise God for farmers!

    • Tshanina Peterson
      Tshanina Peterson10-10-2013

      They sure are Jenny! Thanks for stopping by!

  2. Cathy
    Cathy01-23-2014

    Well said! Paying cash is definitely the way to go. We stopped using credit about 7 years ago, and there is SO much more peace in our life financially. We also get the added benefit of getting to see the Lord provide for us when we’re not sure how the ends will meet!

    • Tshanina Peterson
      Tshanina Peterson01-24-2014

      Thanks Cathy! I totally agree about the peace that comes with not having credit/debt! It’s always neat to see how the Lord provides, both for needs and wants.

      Thanks for stopping by and joining the conversation!

  3. Sarah
    Sarah05-14-2014

    It always seems like when we need guidance or a little reminder it comes at the perfect time. Not a coincidence I am sure. I love hearing stories like Mr. Rays. It reminds me that you can still be successful doing things your own way instead of following the pack. Truth is if he tried to buy up a bunch of land he couldn’t afford he probably wouldn’t be as successful or he’d even fail. Such a neat story and I love that he was so open!

    • Tshanina Peterson
      Tshanina Peterson05-15-2014

      It’s hard not following the pack, but usually we’re better off when we don’t. I’m glad you’re enjoyed Mr. Ray’s story!

      Thanks for stopping by Sarah!

  4. Deborah
    Deborah09-17-2014

    It is encouraging to hear your words. As farmers, we NEVER spend money we don’t have. We believe that God doesn’t want us to have debt, but we feel judgement from others who wonder why we don’t “just put it on credit.”
    An interesting note he may/may not have shared: when a farmer takes a loan out (which is controlled by the government, not private bank regulations), a lien is taken out on EVERYTHING on the farm. All the land, equipment and livestock–no matter how much the loan is for. Even if it is a $1000 loan, if you cannot pay it–you loose everything. When a farmer takes out a loan, s/he is a slave to the debt.
    Jesus tells us the debtor is a slave to the debtee. This is an example of how we feel it–is there ANYTHING we need so bad that we would take out a loan and give our family as slaves? After awhile, it’s not so hard to avoid that “stupid tax.”
    I enjoyed your post, and you have encouraged me today.

    • Tshanina Peterson
      Tshanina Peterson09-18-2014

      I’m glad my post encouraged you, Deborah!

      He didn’t tell us about the government controlled loans, but that is very interesting. Thanks for sharing that info!

      I agree that the debtor is slave to the lender. It’s so freeing when you pay with cash!

      Thanks for stopping by and sharing!

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