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5,893 Posts
One side of the equation is income, the other is spending. I chose over the years to attack that latter part. For example, we have no water/sewer bill since we have a spring on the place and a septic system. Not to say there aren't occasional costs, but no regular (and ever increasing) bill.
I installed enough solar so that we have no bill and actually run a credit most months (offsetting the months we don't). Currently they owe us 500 bucks.
I built a tower for internet that is used by a local ISP...they pay us enough yearly to cover the property taxes (also ever increasing apparently) plus provide us a free connection (income + not spending in that area).
We raise much of our own food, all our meats, home process them all. Save money plus much better food.
We cut all our wood off the place that heats the house, so zero spent in heating. (yes, there are some costs associated with it, but far less than buying fuels)
I do 99% of any repairs around here. The Maytag repairman is sure getting his sleep.
I just bought a digital outdoor antennae....came today in fact. If it works out well, Dish, and their recent price increase, is $60/mo that won't go out of our income stream.
Took some money out of savings that was earning very little interest and bought a couple acres with a small rental on it that now provides 3 times the interest income + some good tax deductions.
I installed enough solar so that we have no bill and actually run a credit most months (offsetting the months we don't). Currently they owe us 500 bucks.
I built a tower for internet that is used by a local ISP...they pay us enough yearly to cover the property taxes (also ever increasing apparently) plus provide us a free connection (income + not spending in that area).
We raise much of our own food, all our meats, home process them all. Save money plus much better food.
We cut all our wood off the place that heats the house, so zero spent in heating. (yes, there are some costs associated with it, but far less than buying fuels)
I do 99% of any repairs around here. The Maytag repairman is sure getting his sleep.
I just bought a digital outdoor antennae....came today in fact. If it works out well, Dish, and their recent price increase, is $60/mo that won't go out of our income stream.
Took some money out of savings that was earning very little interest and bought a couple acres with a small rental on it that now provides 3 times the interest income + some good tax deductions.