Tag Archives: farm debt

How to Ruin One’s Financial Status in One Easy Step: Build a Farm from Scratch!

Ian and I did everything right from a financial standpoint during the 1990s.  We worked hard at multiple jobs and earned decent wages.  We paid off two mortgages.  I even managed to maximize my RRSP savings. We entered 2000 with sterling credit ratings.  Then we decided to build a large farm from scratch on 220 acres of land. The house we built was large.  It was a seven-bedroom, two-bathroom one-and-a-half-storey wonder with approximately 1,500-square-feet on each level.  And then there was the full partially finished basement.…

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