Best way to become a millionaire many times over is to start with a hundred million and lose seventy million!
True in many industries but most of these folks are 5-6th generation farmers whose grandparents held onto their farms through the Great Depression.
In 1919 my great-grandfather bought the 160 acres that would become our family homestead from a land baron who assumed my GGF would go broke at which point he’d get the land back for pennies on the dollar from the bank. My great-grandmother and grandma sold butchered chickens in town to make ends meet in the 30s. The girls sewed clothes and the boys traveled west in the summer to make money with the wheat harvest.
Still have the St Louis Land Bank payoff letter from 1941 in my safe along with a lot of other really cool stuff. There’s a ledger that spans from the mid 1910s to the late 1940s that kept track of everything from equipment repair expenses to birthdates of calves.
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