3 Simple Steps to Building Wealth with a Homestead

John Pugliano from the Wealthsteading Podcast joins us to explain how to build wealth from our homesteads

[nancyseery]

My goal is not to make a ton of money, but to have my homestead pay for it's self. My goal is to not have expenses of feed for animals, money for seeds and compost and to make enough that there are no money out for upkeep. I'm 69 and retired and looking at homesteading from a totally different angle. You are correct, I don't have all of the skills I need, but so far I garden, can and my next step is livestock. My next step is being able to raise my own food without of feed cost being more than I would be paying out for food from a grocery store. I'm very glad you have this information out. I'm sure this will help on my next step.

[culbinator]

This is such a great conversation. You guys have earned all the bounty of your lives through hard work and determination. It’s inspiring. Thank you so much.

[kevingilbert]

We also moved to our homestead in 2014. I continued to work for the first two years and made our house livable. My wife still works and I have been building our homestead. We started with chickens and then moved on to dairy goats. Last year I finished a heifer off and put her in the freezer, I now have two cows in the pasture and I'm raising two pigs. I'm at the point where I'm expanding our garden, it's been small. I hope to grow enough to can to sustain us through most of the year.

[noelhenderson]

I live in Australia and I move to the country just under 20 years ago I decided that I will get a couple of cows for the freezer unfortunately they turned into pets but in saying that I also decided that I would breed with them and I got a bull although I don't make a lot of money from selling them I do keep one or two for the freezer which also helps out myself and a friend of mine but the way I look at it the cost of buying that meat is a hell of a lot more I do exactly the same thing with pigs I will keep so many pigs for food I will sell the rest which that pays for the animals feed I recently started breeding meat chickens I have about 9 different breeds I slaughtered some a few months ago and I loved it the meat was absolutely beautiful in time I will sell some fertilised eggs and maybe some chicks but raising animals is a slow process but something I enjoy and I'm glad I did it it's a very rewarding process I love the fact through my hard work I have now secured my food and I know what their fed and it pays off when it comes to the quality

[prairieprepper]

Really great point regarding considering money you save in producing your own food being tax free income.

[joanneganon]

Thanks Aust, great info🙌.
I went to the Elders in the Mountains to ask how they made it.
A lot of work goes into it.
But if you listen and learn you can make it. This man owned the whole Mountain when He was finished.
He primarily made His money selling Heating Wood. Logging of His property and processing it.
Hi Wife ran the Homestead. It was a way of Life that they loved🐦.
JO JO IN VT 😆💕

[kevinilg]

Thanks for all the info it's very helpful, I'll be starting soon in NC.

[CynBrown]

Awesome information Aust. This channel is such a plethora of knowledge.

[taktakoriginal]

This is great right where I am by now.

[noahsizemore]

Nurse jersey cows is what I have been doing. I get hoilstien Angus crosses for 125 at a month old. Then I Nurse them for 4 months on my nurse cow 3 at a time I did 9 calfs this year then I raise till 650 to 700 pound seems to bring the best money I got 1.55 a pound. I have made 12000 this year off one cow I sold some of the steers I raised the year before. Also I have 3 freezers full of beef. So it's still selling. Not bad off one jersey nurse cow for a year and a half. Also I have a jersey heifer. So next year I'm going to double my out put. I was Making a killing on hatching and selling month old chick's for 15 bucks. But covid shut down the chicken swaps . I'm going to start hatching again. Some weeks I would make 1500 bucks selling chick's.

[BruceS]

I can't speak for others, but in my IT career, making money was easy, and fun! There were bad days, bad projects, even bad employers/clients, but those were the exceptions. Overall, I got to sit in a comfortable place, with cool equipment, and solve interesting puzzles. And for that, I was paid lots of lovely money. Now, in retirement, I'm looking at a lot of the "homestead" type skills not for actual homesteading, but more as a way to be less dependent, make our wealth last longer. When you talk about surplus produced by your efforts, my first thought is *preservation*, not sales. We're very hesitant about raising animals (from experience), but taking the chicken example, I could see having a huge surplus of eggs, and freeze drying them. Or having a huge surplus of chickens for slaughter, and taking the meat from them and freeze drying, or salting, for future need. So one year you concentrate on chickens and produce enough chicken-based food for the next several years, and then for a while you back off, only keep a few chickens. Or one year you produce a vast amount of tomatoes, and can enough for years. Government *has* made sales of such products too cumbersome, though maybe that would be OK in a small community, with bartering or other less formal processes.
"A face for podcast"...LOL. I like to say I have a face for radio, but a voice for print.
The bit about finding a niche reminds me of a book we read years ago, by a farmer (MS?) who advised small farmers on how to be profitable. One of the keys he pushed was growing things that weren't very common, but were in high demand. Instead of growing wheat, grow asparagus, that sort of thing. We did, one year, grow winter wheat, and that was enough to tell us there was no point. It's just too much work for too little product, when the market provides it at low cost. OTOH, fresh tomatoes...we grew them every year we could, basically.
Anyway, thanks for another great video, and an interesting interview.

[laurelmountainsoaps]

Lol! I love the goats mahing in the background!

[oscarcaballero]

Great video have watched it Luke 3 times now lol

[Homesteadhow]

Great info! Invest in yourself has really been the biggest tactic that has helped to propel our homestead.

[hannesbesendorfer]

Hello can you make a full video about cow milking by machine please

[joycemaurer]

I like that, money that you didn't pay taxes. Terrific!

[SmithFamilyFarmstead]

"The richest man in Babylon" is a great book about building wealth. Even kids can follow it.

[bloxrocks]

Very cool to see these concepts applied across so many fields... pun intended 😂

[jhost]

I heard him say, “it’s best to get something you can grow into”.

Does that mean, if you want to be a cattle farmer, buy more land to start with so you can grow into it?

[reza]

meat chickens really go for $30-40/bird ? maybe i dont understand what they are, but this seems insane as compared to the grocery store price. am I comparing apples to oranges?
thanks for an informative video.