My
advice young people on frugal living? I am treading lightly, since I am
presently trying to winterize the farm, walls, windows, chinks. Octogenarian
limitations dictate priorities that don't allow for much pontificating
at present. But---I have been thinking about a Theory Of Everything in
making a home work for the occupants instead of occupants working for the
home. The only universally applicable function toward this end is the acquisition
of workshop skills and a workshop in whichto develop, manufacture, and
sell cottage-industry products.
Depending
on skill-level and scope, the chosen product(s) can be elaborate, or as
simple as the kitchen table. I tend toward simplicity, both to reduce cost
of entry and limit loss from the attempts that don't succeed well enough
to merit their expansion. Nothing wrong with trial-and-error, but t is
essential to quickly recognize and abandon products that don't sell, and
substitute products that sell and have sufficient potential for growth
to keep them in a product line.
This
also means the average experimenter in developing a (farm or) workshop
income should follow, not run ahead of the money-trail. And, to limit initial
risk, the workshop experiments should be done nights and weekends, while
keeping the rent paid with employment income. Fifty is the magic number.
Best if a business is started when the owner is under fifty and still employable
at a reasonable rate of pay. Over fifty, you've got to scramble like hell
to develop and make products that you own and control. The market is a
lot kinder to fifty year-old business owners than to over-fifty employees.
So
I'll try to crank out an expanded home-income article, focused on alternate
workshop skills, tools and products soon. If I drag my feet, bang on the
door to get my attention. Octogenarians often need drastic wake-up calls
to wobble to their mental feet in the morning.
Of
course, I want my daughters to get the hell out off the employment treadmill,
so am assembling information and tools to start two or three business start-ups
this winter that take some trial-and-error design skill, and limited
initial tools.
a.)Rockfinding
the local jade or quartz could turn into Jewelry making. Get a grinder,
drill, tumbler. Learn to pan
gold. Learn to recognize semi precious stones.
b.)Growing
berries, peaches,nectarines, figs, pears, grapes, kiwis, lemons, could
turn into jam making. 8$ a jar currently at Farmers’ markets.
c.)A
few goats or cows could turn into cheese making. Tip: add garlic and
herbs, get a unique, flavored cheese. Only one garlic cheese
in the marketplace, Sonoma Jack, it sells out all the time. I wonder
why other cheesemakers don’t try this!
d.)Cleaning
attics at reduced rates turns into Scouting down
country
antiques that you put on Ebay.
e.)Grow
grains, find a local mill or get a VITA-MIX, make bread. My fave as it’s
only healthy one, is pre-soaking grains, overnight, rinsing, then using
VITA-MIX to make BIBLE bread. Not just wheat, but rye, barley, spelt,
oats, andlots of sesame through
out the loaf.
The
really difficult, expensive and time-consuming effort to build a direct-sales
or dealer-system is now relatively easy
with the advent of Internet sales, coupled with market-testing in local
or nearbyflea-markets, craft-shows and potential brick-and-mortar retail
shops. The biggest bugaboo of all---how to expand a small business on internally-generated
capital, is now gone with the advent of credit-card (AND Paypal) payment.
You still have to pay attention to minimizing risk of fraudulent orders
where you lose both your merchandise and charge-back by the credit-card
banks, but that is a solve-able problem.
Forgot---an
illustration of how quickly times change when a high-cost item becomes
a commodity sold at commodity prices. Delete the above reference to making
a good living repairing computers---you now can't, any more than in the
once-profitable TV repair business I dabbled in as a sideline. Now it's
cheaper to buy a new TV or computer than to repair one.
You
can make good money in home-manufacture of specialty electronic items---but
not in those which have become commodities. Just a note, from the master
of all, TIV!
NOTE:
As I find more of his old files in my text cache, MORE of TIV will be
COMING!