Jack The Lad
Registered User
- Messages
- 168
Here’s a nice juicy one…
I own and manage a farm. I’m pretty good at it; I’ve won food quality awards and so on. I estimate that the farm in total is worth about €2,500,000, after tax. And that’s conservative. I generate a pre tax income of about €55,000 per annum directly from this farm. Although I love outdoor life and the challenges a farm can present - it’s very heavy work, long hours, seven days a week, the red tape is beyond belief and the potential to expand is too limited for my liking.
I have a fantasy. Selling the farm, handing it all over to a brilliant financial adviser, and living the good life someplace in the sun.
What do you think folks… could €2,500,000, invested in a conservative way, generate a decent income for the next, say, 60 years?
I own and manage a farm. I’m pretty good at it; I’ve won food quality awards and so on. I estimate that the farm in total is worth about €2,500,000, after tax. And that’s conservative. I generate a pre tax income of about €55,000 per annum directly from this farm. Although I love outdoor life and the challenges a farm can present - it’s very heavy work, long hours, seven days a week, the red tape is beyond belief and the potential to expand is too limited for my liking.
I have a fantasy. Selling the farm, handing it all over to a brilliant financial adviser, and living the good life someplace in the sun.
What do you think folks… could €2,500,000, invested in a conservative way, generate a decent income for the next, say, 60 years?