December 22, 2023 • 18 mins
Has Wall Street's rollercoaster led to dreams of seclusion and relaxation? Have circumstances caused you to consider living alternatives?
The banking and financial services industry is laying off thousands. Every pay band is impacted, including top earners. It's a sign of things to come.
If you want to hedge against the coming chaos, do this now. It starts with a written plan that focuses on outcomes and fast-track implementation.
There are many things to consider before off-grid living. Don't blow your severance on common mistakes and media pressure to escape the city.
You can build a resilient homestead, a sanctuary from market meltdowns and political firestorms. It starts where you are today. A design plan is the guiding start to a prosperous homestead.
Today's episode is a response to a recent consultation. Learn more about bespoke insights for your homesteading dream, ask your questions at https://www.prosperityhomestead.org/contact/
Will the world's crises worsen, leaving me unprepared and exposed? Discover practical responses to a changing world; join us at https://www.prosperityhomestead.org/newsletter/
#OffGridLiving #SelfReliance #FoodSecurity #PhysicalSecurity #ResilientHomestead
Become a supporter of this podcast: https://www.spreaker.com/podcast/prosperity-homestead--3659183/support.
The banking and financial services industry is laying off thousands. Every pay band is impacted, including top earners. It's a sign of things to come.
If you want to hedge against the coming chaos, do this now. It starts with a written plan that focuses on outcomes and fast-track implementation.
There are many things to consider before off-grid living. Don't blow your severance on common mistakes and media pressure to escape the city.
You can build a resilient homestead, a sanctuary from market meltdowns and political firestorms. It starts where you are today. A design plan is the guiding start to a prosperous homestead.
Today's episode is a response to a recent consultation. Learn more about bespoke insights for your homesteading dream, ask your questions at https://www.prosperityhomestead.org/contact/
Will the world's crises worsen, leaving me unprepared and exposed? Discover practical responses to a changing world; join us at https://www.prosperityhomestead.org/newsletter/
#OffGridLiving #SelfReliance #FoodSecurity #PhysicalSecurity #ResilientHomestead
Become a supporter of this podcast: https://www.spreaker.com/podcast/prosperity-homestead--3659183/support.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
In today's episode, I like totalk frankly about why many people who have
high incomes are starting to transition toeither buying a mountain retreat or some off
grid cabin and really starting to goback to the land. And we're going
to talk about why this is important. Some of the things you want to
avoid, but ultimately we're gonna makethat dream possible. I'm just in hit
(00:24):
with prosperity homestead. So I gotan email from someone who worked on Wall
Street. Wall Street is a rollercoaster. It turns their stomach at times
some of the things that these banksare doing. But they were in part
of this last bit of layoffs.Now they've got more money than they know
what to do with. Buying landis not a problem for them. They're
not trying to start a homestead withno money. But what they'd like to
(00:47):
do is to build on their outdoorexperience or their outdoor enthusiasm and be ready
for market meltdowns and political firestorms.Now, again, this is not a
prepping channel. This is a practicalchannel. I do want you to be
prepared for emergency situations. I wantyou to be prepared for natural disasters.
(01:08):
Those things are going to happen,it isn't when, it isn't if it's
when. When it comes to politicalunstable uncertainty, if you live in a
city, yes, and this individuallived in New York, and they experience
the BLM right, you know,mostly peaceful riots and the dirt in the
(01:29):
grime, and they long for justgetting out of the noise and going to
a secluded retreat. So we're talkinga little bit about the sleep retreat that
we're putting together and some of theopportunities that are there for them to have
these experiences. But in their particularsituation, they've seen online a lot of
business opportunity to start their own retreatand to build their own homestead, and
(01:51):
they're had some questions. So let'saddress those questions. First off, you
got to be smart and efficient abouthedging against this chaos, whether it's chaos
from a natural disaster, from agrid outage, from a cyber attack,
from civil unrest, from the changesof laws, rules and regulations in your
area. We have to be smartabout it because even if you have a
(02:14):
lot of resources, how do weapply those resources. Now we've talked about
inflation and the increasing cost of landin some places, an acre land is
twenty one thousand dollars. Now inother places it's fifteen hundred dollars. But
how much land do you need tosustain yourself? So when people tell me
they want to secluded mountain retreat,most mountain or treats are harsh environments and
(02:38):
so you won't necessarily be able togrow the food you want. So you
better have hobbies like hunting, trapping, or you better have good relationship with
your neighbors. And one thing theycaught my attention here is they said,
think Wolden Pond with Wi Fi.Well, a mountain retreat, even with
starlink is not going to have consistentinternet access. And Wi Fi is actually
(03:00):
kind of harmful for folks. Ifyou can avoid it, you want to
go ahead and not use Wi Fibecause if you're worried about political unrest,
wi Fi creates a signal. Wetalk about this kind of thing in the
secure homestead, but Wi Fi createsa signal. So now people know you
have a mountain retreat, and whenthey come looking for things, they'll more
(03:20):
easily be able to find your mountainretreat. So there's concepts here we have
to understand. So the basics wouldbe is to ethernet connect via Ethernet and
then use some kind of Wi Fibridge or have some kind of cell tower
connection, and then aw that limitswhere you can be, and so the
land price is going to be morethan the twenty one thousand dollars per acre.
(03:42):
Versus if you're really got to secludea mountain retreat that maybe takes a
couple of days to get to andyou do have the skills to live off
the land, then that gives youmore choices. So do you see how
you might have the desire to escapefrom the city and to set up in
the rural area. But there's somelogistics required, and we solve for those
(04:03):
logistics by having a design plan.You know, we can have that seclude
a mountain retreat built on our behalf, or we could buy an existing retreat.
There was one two hundred acres availablehere in my region that sold for
a little under a million dollars andit was rugged land, but it was
(04:23):
within forty minutes of cities, andso you had self service in most of
the land and if you didn't,you could drive into town if you really
really had to get provisions. Soagain we want to map out on paper
where it is that we want tobe in three years, in five years.
We want to develop a plan.And then we want to look objectively
(04:46):
and we do this in consultations andwe do this in coaching. We want
to look objectively at how do weget this done. So, when this
gentleman was talking to me, andhe got a small family and they're living
in a place where they're paying sixseven thousand dollars a month in rent for
the apartment that's near the workplace,there's other money being spent for the house
(05:08):
that's just slightly outside of commuting distance. They're paying for private schools, they're
paying for such and such, andtheir target seems to be when the children
graduate from high school. But wecan start planning for that. Now,
we can start identifying what does itmean to have a resilient homestead. Well,
secluded mountain retreat is not a resilienthomestead necessarily. If you want a
(05:31):
sanctuary from market miltdowns, maybe that'sa hunting lodge. Now, because you
can acquire a hunting lodge, youcan buy rights into a hunting lodge.
You could set up as a businessopportunity or a side business, a hunting
retreat area. You buy a pieceof land out out in the mountains of
New York. It's close enough thatyou can get to in a two or
three hour drive. You set theland up, you put a caretaker on
(05:56):
the land, and then as thatland is developed, as you move parallel
towards the goal of when his childrengraduate, you'll be ready to go.
Now, the thing about Walden Pond, it was a retreat. It was
someplace you went periodically. And somaybe you don't have Wi Fi, but
maybe you can take a batch ofwork with you and work from a laptop
(06:19):
off a solar and now you canhave that off grid experience to see whether
or not this is something you want. Now, this particular individual got laid
off and they had a severance.It was a significant severance, and they
want something to do with this severance. And what I'm saying is, look,
let's slow down now. Let's startslowing down now and think things out.
(06:40):
Because he was ready to drop moneyon something that would quite possibly not
be a good investment. Then again, if land in some areas is fifteen
hundred dollars an acre and in otherareas it's twenty one thousand, dollars an
acre land could be a good investment, but what are we going to do
with it? So as the conceptof what we're doing here at Prosperity Homestead
(07:03):
is a lot different than the bizopor the you know, you're gonna build
a retreat center and you're gonna getrein touch with nature. I like to
give you practical strategy. So whatis the practical strategy here? So first
off, being able to convey thathe's ready to change. Now his wife
still works in the banking industry,and so he doesn't want to move right
(07:27):
away. But couldn't they have likea weekend vacation, because this guy hadn't
had vacations in at least ten years. You know, since two thousand and
eight. The economy has been prettytough for those of Wall Street. And
I know a lot of you guysare not really upset because the guy's making
a lot of money. But again, the money doesn't buy the happiness.
The money doesn't buy the peace ofmind. The money doesn't buy that opportunity
(07:49):
to really experience the family. Andwhat do I mean by that? His
kids are about to graduate. Andin the conversation there was a little bit
of disconnect. So as a father, as a husband, there's an opportunity
here to say, look, wheredo we want to be in five years
(08:09):
from now, and then start gettingthat down on paper and then start extracting
from that things we can do rightaway. So he has time on his
hand because he's currently not employed.The severance is going to last probably two
or three years at the current lifestyle. But if he's able to adjust the
(08:33):
lifestyle, he's going to be ableto make the severance last longer and he
can take an early retirement and hecan enjoy his mountain retreat and he can
I think the walden Pond thing camebecause he likes to write, and so
can start the journaling and the writingthat we talk about. And now he's
very concerned about market miltdowns and politicalfirestorms because in the consultation we discovered and
(08:58):
by the way, I'm not sharingany thing that we haven't talked about,
a lot of what we're this recordingis about is helping this gentleman be ready.
And so if you're concerned about amarket meltdown, you better not have
all your money in the market.And that's one of the reasons he was
discussing buying a piece of land,we pull it up on the satellite,
you know, we try to figureout what's going to work, start outlining
that design plan. But if you'reworried about market mildowns, then your money
(09:22):
cannot be in the marketplace. Now, I'm not saying to withdraw all your
money from the marketplace. This isnot financial advice. Please talk with a
certified financial planner and do what isdo the due diligence necessary before you make
investment decisions. But my point beingis once you have a plan, now
we can start funding that planned outand we can say, Okay, we're
worried about market miltdowns. Are wediversified. If we're diversified, how much
(09:46):
cash is going to spin off.Let's build our retreat based on the cash
that's spun off rather than the principle. So you want to be smart and
efficient. We want to hedge againstchaos. And then you're saying, well,
because he did make comedy, hedoesn't want some hippie commune. Well,
he already does a little bit ofhunting. What if he had his
own private hunting lodge and it wassomeplace he could get to and it had
(10:11):
this efficient storage. He had goodstorage so he could store a bug out,
he could store his food so hecan stay there for the long term.
In New York, there's some challengeswhere you could end up on a
hunting lodge. Again, we wantto be practical. I'm not here to
scare anybody, but you could endup at a hunting lodge that you get
snowed in. So you may wantto have three months where the food,
six months worth of the food.Not that you're going to get snowed in
(10:35):
for six months, but for thetime that you're snowed in, you want
to be able to get through thewinter season. And then ultimately, if
you decide to stay a little bitlonger, you can stay a little bit
longer. But the underlying here isthe political firestorms is a legitimate concern because
it doesn't matter who gets into officenext. If Trump gets into office,
there's going to be a lot ofobstruction. If Biden gets into the office,
(10:58):
there's going to be a lot ofdestruction. And then if we get
some third party candidate, then that'sgoing to be confusing to everybody. And
so again, at our current stateof politics, at our current state of
financial distress. We want to hedgethe finances, build out something rather than
dumping all the money into the whatevershows up, because a lot of times
(11:22):
that piece of land that you buyisn't the piece of land that you're going
to develop, and there's a lotof reasons you might get on the land
and realize. So the secluded mountainretreat, if you want to get power
to that and you're in the woods, you need to open a clearing in
the woods. If you open ina clearing in the woods in the wrong
place, you get erosion. Ifyou open a clearing in the woods and
(11:43):
a mountain that gets a lot ofsnow and you're on the wrong side of
the mountain, you could end upwith an area that freezes out again.
If you put a primitive hunting retreatthere, it's a non permanent structure and
you enjoy a few seasons there beforeyou decide to commit to it. Then
you can find all these things outin advance. You can bring in the
(12:03):
power, you can bring in thewater, you can bring in the technology
that you need. When we're talkingabout sanctuary, I do like folks to
start in their own home. Sothis apartment in the city, if you're
not using it or you don't wantit, you can downsize it the home.
If you're not using all of it, you can start downsizing. Now
I've been downsizing for the last twoyears. It's kind of a pain in
(12:26):
the ass. When you've got afive bedroom house with three bedrooms I mean
three bathrooms. I don't know there'srooms in the house. I don't even
go in because it's too big.And so to get rid of things that
might be a bigger struggle than whetheryou can afford to buy a piece of
land, or whether you can findthe right mountain retreat, or whether you're
going to be near enough to actuallybe able to have Wi Fi, or
(12:50):
you don't have political trouble before youget to that point. So again,
define what you want, start developinga plan on paper. From that plan,
start looking at possible options, Startusing your I don't want to say
it's free time, because life isnot guaranteed. You don't really have free
(13:13):
time. But start investing time tobuild that relationship with the family. In
this case, it's entirely possible thewife will not want to move out to
the middle of the sticks, andso you might want to take her to
a few glamping retreats before you getthere. Now, in this case,
she's working hard because they're you know, they're income cut in half, and
(13:35):
the severance is only going to lastfor two or three years unless he wants
to start digging into stock options andthings like that. And I know not
everybody has this situation, but theplans the same. Decide what you want,
develop a written plan, look atpossible options, and then start experiencing
right now what you need to buildthe skills, what you need to know
(13:58):
if this is right for you.And see, Airbnb makes this so much
easier these days, and you couldliterally go on Airbnb and find your perfect
retreat and go out there and experienceit. You can literally start buying land
as investment. There's a lot ofthings that can be done, and you
camp on the land. So aswe've done with the trail system, you
(14:20):
buy a piece of land as investment, you open up access, you clean
up the roads, you camp onit, and then ultimately start experiencing the
land. You start getting an ideaof the symbiotic relationship you'll have with that
land. For this gentleman's age,he's going to retire on this piece of
land, So you also have tolook at medical related issues, the ability
(14:43):
to get on and off this retreat. So he may not want to seclude
it mountain retreat. But again hesays he definitely doesn't want a HIPI commune,
which I understand. So I hopethis has been helpful folks, because
I know there's a lot of uncertaintyright now, and especially those who are
working the financial services industry, especiallythose who are working in technology, because
AI is out there. It couldcompletely replace your job. We need to
(15:05):
look at how we can take whatwe have, be conservative about it,
make it last, but also growit. And so if you're going to
be smart and efficient, if you'regoing to hedge against the coming chaos,
you're going to have a shorter timelinethan someone who is looking for retirement ten
years down the line. And soagain, that written plan helps us accelerate.
(15:26):
It helps us be on the samepage. It helps you on your
spouse be on the same page,and it helps you and your children understand
kind of where things are going.Plus in the short term, you can
build wonderful memories. You can startgetting to know each other and experience.
In this gentleman's case, he workeda lot of hours and really doesn't understand
his kids, and he feels disconnectedwith his family, and this is the
(15:52):
opportunity. The political unrest may alwaysbe there and it may never directly impact
you actual disasters, rising costs,uh, changes in local laws and regulations.
I think it's a great idea tohave a retreat, whether it's a
mountain retreat, whether it's a ruralcabin, whether it's a summer home,
(16:15):
whether it's a place you just youand the wife go and you relax and
you spend two weeks there and it'sit's it's got everything you want, but
it's not getting on a plane anddealing with all the hassle of travel.
Folks. I hope this has beenuseful to you. Again, it's it's
the same plan when we do aconsultation. I'll tend to record a follow
up for you in the form ofa podcast, but but it's it's it's
(16:38):
always the same plan, written planned, and that way we can sit down
and we can talk with all thestakeholders, all the individuals in your in
your household, to make sure it'sgonna work for you. Because we don't
want to invest so much into somethingthat isn't an absolute fit for for fear,
(17:00):
we don't want to be making decisionsbased on scarcity because in the natural
world, the squirrels don't have grocerystores. The deer always find food.
Now, while there are predators,those who understand how to work with nature,
how to connect with nature, howto be involved with the land,
(17:22):
they tend to not have any issues. They have different kinds of issues,
but they don't have any major issuesthat you're going to get dumping a half
million dollars on a piece of landyou've never seen. Anyway, I'm just
in hit with Prosperity Homestead. Ifyou've got specific questions, visit us at
www dot prosperity homestead dot org.Understand, I'll build an analogy of our
(17:44):
conversation. I'm not going to shareany confidential information, but again, I
will work with you to develop thatdesign plan. I'll work with you to
implement. My background is business development, my background is project management. And
if you're not doing the thing,then it will never happen. And you
can do the thing at scale,and you can do the thing to solve
(18:08):
other problems in your life now,but ultimately, it's not another podcast.
It's not another video online. Let'sget out in the real world and start
connected with nature and start building theoutcomes that we're looking for. Again,
I'm just in hit with Prosperity Homestead. Visit us at www dot prosperity homestead
(18:29):
dot org. We've got free newsletters, we've got courses, we've got resources
to get you started. Now isthe time to build your mountain retreat,
to build your homestead, to startgetting the security that comes with a stable
environment, growth environment, and thattransition in your life. Thanks for listening
(18:52):
and I'll see you in the nextpodcast.
In today's episode, I like totalk frankly about why many people who have
high incomes are starting to transition toeither buying a mountain retreat or some off
grid cabin and really starting to goback to the land. And we're going
to talk about why this is important. Some of the things you want to
avoid, but ultimately we're gonna makethat dream possible. I'm just in hit
(00:24):
with prosperity homestead. So I gotan email from someone who worked on Wall
Street. Wall Street is a rollercoaster. It turns their stomach at times
some of the things that these banksare doing. But they were in part
of this last bit of layoffs.Now they've got more money than they know
what to do with. Buying landis not a problem for them. They're
not trying to start a homestead withno money. But what they'd like to
(00:47):
do is to build on their outdoorexperience or their outdoor enthusiasm and be ready
for market meltdowns and political firestorms.Now, again, this is not a
prepping channel. This is a practicalchannel. I do want you to be
prepared for emergency situations. I wantyou to be prepared for natural disasters.
(01:08):
Those things are going to happen,it isn't when, it isn't if it's
when. When it comes to politicalunstable uncertainty, if you live in a
city, yes, and this individuallived in New York, and they experience
the BLM right, you know,mostly peaceful riots and the dirt in the
(01:29):
grime, and they long for justgetting out of the noise and going to
a secluded retreat. So we're talkinga little bit about the sleep retreat that
we're putting together and some of theopportunities that are there for them to have
these experiences. But in their particularsituation, they've seen online a lot of
business opportunity to start their own retreatand to build their own homestead, and
(01:51):
they're had some questions. So let'saddress those questions. First off, you
got to be smart and efficient abouthedging against this chaos, whether it's chaos
from a natural disaster, from agrid outage, from a cyber attack,
from civil unrest, from the changesof laws, rules and regulations in your
area. We have to be smartabout it because even if you have a
(02:14):
lot of resources, how do weapply those resources. Now we've talked about
inflation and the increasing cost of landin some places, an acre land is
twenty one thousand dollars. Now inother places it's fifteen hundred dollars. But
how much land do you need tosustain yourself? So when people tell me
they want to secluded mountain retreat,most mountain or treats are harsh environments and
(02:38):
so you won't necessarily be able togrow the food you want. So you
better have hobbies like hunting, trapping, or you better have good relationship with
your neighbors. And one thing theycaught my attention here is they said,
think Wolden Pond with Wi Fi.Well, a mountain retreat, even with
starlink is not going to have consistentinternet access. And Wi Fi is actually
(03:00):
kind of harmful for folks. Ifyou can avoid it, you want to
go ahead and not use Wi Fibecause if you're worried about political unrest,
wi Fi creates a signal. Wetalk about this kind of thing in the
secure homestead, but Wi Fi createsa signal. So now people know you
have a mountain retreat, and whenthey come looking for things, they'll more
(03:20):
easily be able to find your mountainretreat. So there's concepts here we have
to understand. So the basics wouldbe is to ethernet connect via Ethernet and
then use some kind of Wi Fibridge or have some kind of cell tower
connection, and then aw that limitswhere you can be, and so the
land price is going to be morethan the twenty one thousand dollars per acre.
(03:42):
Versus if you're really got to secludea mountain retreat that maybe takes a
couple of days to get to andyou do have the skills to live off
the land, then that gives youmore choices. So do you see how
you might have the desire to escapefrom the city and to set up in
the rural area. But there's somelogistics required, and we solve for those
(04:03):
logistics by having a design plan.You know, we can have that seclude
a mountain retreat built on our behalf, or we could buy an existing retreat.
There was one two hundred acres availablehere in my region that sold for
a little under a million dollars andit was rugged land, but it was
(04:23):
within forty minutes of cities, andso you had self service in most of
the land and if you didn't,you could drive into town if you really
really had to get provisions. Soagain we want to map out on paper
where it is that we want tobe in three years, in five years.
We want to develop a plan.And then we want to look objectively
(04:46):
and we do this in consultations andwe do this in coaching. We want
to look objectively at how do weget this done. So, when this
gentleman was talking to me, andhe got a small family and they're living
in a place where they're paying sixseven thousand dollars a month in rent for
the apartment that's near the workplace,there's other money being spent for the house
(05:08):
that's just slightly outside of commuting distance. They're paying for private schools, they're
paying for such and such, andtheir target seems to be when the children
graduate from high school. But wecan start planning for that. Now,
we can start identifying what does itmean to have a resilient homestead. Well,
secluded mountain retreat is not a resilienthomestead necessarily. If you want a
(05:31):
sanctuary from market miltdowns, maybe that'sa hunting lodge. Now, because you
can acquire a hunting lodge, youcan buy rights into a hunting lodge.
You could set up as a businessopportunity or a side business, a hunting
retreat area. You buy a pieceof land out out in the mountains of
New York. It's close enough thatyou can get to in a two or
three hour drive. You set theland up, you put a caretaker on
(05:56):
the land, and then as thatland is developed, as you move parallel
towards the goal of when his childrengraduate, you'll be ready to go.
Now, the thing about Walden Pond, it was a retreat. It was
someplace you went periodically. And somaybe you don't have Wi Fi, but
maybe you can take a batch ofwork with you and work from a laptop
(06:19):
off a solar and now you canhave that off grid experience to see whether
or not this is something you want. Now, this particular individual got laid
off and they had a severance.It was a significant severance, and they
want something to do with this severance. And what I'm saying is, look,
let's slow down now. Let's startslowing down now and think things out.
(06:40):
Because he was ready to drop moneyon something that would quite possibly not
be a good investment. Then again, if land in some areas is fifteen
hundred dollars an acre and in otherareas it's twenty one thousand, dollars an
acre land could be a good investment, but what are we going to do
with it? So as the conceptof what we're doing here at Prosperity Homestead
(07:03):
is a lot different than the bizopor the you know, you're gonna build
a retreat center and you're gonna getrein touch with nature. I like to
give you practical strategy. So whatis the practical strategy here? So first
off, being able to convey thathe's ready to change. Now his wife
still works in the banking industry,and so he doesn't want to move right
(07:27):
away. But couldn't they have likea weekend vacation, because this guy hadn't
had vacations in at least ten years. You know, since two thousand and
eight. The economy has been prettytough for those of Wall Street. And
I know a lot of you guysare not really upset because the guy's making
a lot of money. But again, the money doesn't buy the happiness.
The money doesn't buy the peace ofmind. The money doesn't buy that opportunity
(07:49):
to really experience the family. Andwhat do I mean by that? His
kids are about to graduate. Andin the conversation there was a little bit
of disconnect. So as a father, as a husband, there's an opportunity
here to say, look, wheredo we want to be in five years
(08:09):
from now, and then start gettingthat down on paper and then start extracting
from that things we can do rightaway. So he has time on his
hand because he's currently not employed.The severance is going to last probably two
or three years at the current lifestyle. But if he's able to adjust the
(08:33):
lifestyle, he's going to be ableto make the severance last longer and he
can take an early retirement and hecan enjoy his mountain retreat and he can
I think the walden Pond thing camebecause he likes to write, and so
can start the journaling and the writingthat we talk about. And now he's
very concerned about market miltdowns and politicalfirestorms because in the consultation we discovered and
(08:58):
by the way, I'm not sharingany thing that we haven't talked about,
a lot of what we're this recordingis about is helping this gentleman be ready.
And so if you're concerned about amarket meltdown, you better not have
all your money in the market.And that's one of the reasons he was
discussing buying a piece of land,we pull it up on the satellite,
you know, we try to figureout what's going to work, start outlining
that design plan. But if you'reworried about market mildowns, then your money
(09:22):
cannot be in the marketplace. Now, I'm not saying to withdraw all your
money from the marketplace. This isnot financial advice. Please talk with a
certified financial planner and do what isdo the due diligence necessary before you make
investment decisions. But my point beingis once you have a plan, now
we can start funding that planned outand we can say, Okay, we're
worried about market miltdowns. Are wediversified. If we're diversified, how much
(09:46):
cash is going to spin off.Let's build our retreat based on the cash
that's spun off rather than the principle. So you want to be smart and
efficient. We want to hedge againstchaos. And then you're saying, well,
because he did make comedy, hedoesn't want some hippie commune. Well,
he already does a little bit ofhunting. What if he had his
own private hunting lodge and it wassomeplace he could get to and it had
(10:11):
this efficient storage. He had goodstorage so he could store a bug out,
he could store his food so hecan stay there for the long term.
In New York, there's some challengeswhere you could end up on a
hunting lodge. Again, we wantto be practical. I'm not here to
scare anybody, but you could endup at a hunting lodge that you get
snowed in. So you may wantto have three months where the food,
six months worth of the food.Not that you're going to get snowed in
(10:35):
for six months, but for thetime that you're snowed in, you want
to be able to get through thewinter season. And then ultimately, if
you decide to stay a little bitlonger, you can stay a little bit
longer. But the underlying here isthe political firestorms is a legitimate concern because
it doesn't matter who gets into officenext. If Trump gets into office,
there's going to be a lot ofobstruction. If Biden gets into the office,
(10:58):
there's going to be a lot ofdestruction. And then if we get
some third party candidate, then that'sgoing to be confusing to everybody. And
so again, at our current stateof politics, at our current state of
financial distress. We want to hedgethe finances, build out something rather than
dumping all the money into the whatevershows up, because a lot of times
(11:22):
that piece of land that you buyisn't the piece of land that you're going
to develop, and there's a lotof reasons you might get on the land
and realize. So the secluded mountainretreat, if you want to get power
to that and you're in the woods, you need to open a clearing in
the woods. If you open ina clearing in the woods in the wrong
place, you get erosion. Ifyou open a clearing in the woods and
(11:43):
a mountain that gets a lot ofsnow and you're on the wrong side of
the mountain, you could end upwith an area that freezes out again.
If you put a primitive hunting retreatthere, it's a non permanent structure and
you enjoy a few seasons there beforeyou decide to commit to it. Then
you can find all these things outin advance. You can bring in the
(12:03):
power, you can bring in thewater, you can bring in the technology
that you need. When we're talkingabout sanctuary, I do like folks to
start in their own home. Sothis apartment in the city, if you're
not using it or you don't wantit, you can downsize it the home.
If you're not using all of it, you can start downsizing. Now
I've been downsizing for the last twoyears. It's kind of a pain in
(12:26):
the ass. When you've got afive bedroom house with three bedrooms I mean
three bathrooms. I don't know there'srooms in the house. I don't even
go in because it's too big.And so to get rid of things that
might be a bigger struggle than whetheryou can afford to buy a piece of
land, or whether you can findthe right mountain retreat, or whether you're
going to be near enough to actuallybe able to have Wi Fi, or
(12:50):
you don't have political trouble before youget to that point. So again,
define what you want, start developinga plan on paper. From that plan,
start looking at possible options, Startusing your I don't want to say
it's free time, because life isnot guaranteed. You don't really have free
(13:13):
time. But start investing time tobuild that relationship with the family. In
this case, it's entirely possible thewife will not want to move out to
the middle of the sticks, andso you might want to take her to
a few glamping retreats before you getthere. Now, in this case,
she's working hard because they're you know, they're income cut in half, and
(13:35):
the severance is only going to lastfor two or three years unless he wants
to start digging into stock options andthings like that. And I know not
everybody has this situation, but theplans the same. Decide what you want,
develop a written plan, look atpossible options, and then start experiencing
right now what you need to buildthe skills, what you need to know
(13:58):
if this is right for you.And see, Airbnb makes this so much
easier these days, and you couldliterally go on Airbnb and find your perfect
retreat and go out there and experienceit. You can literally start buying land
as investment. There's a lot ofthings that can be done, and you
camp on the land. So aswe've done with the trail system, you
(14:20):
buy a piece of land as investment, you open up access, you clean
up the roads, you camp onit, and then ultimately start experiencing the
land. You start getting an ideaof the symbiotic relationship you'll have with that
land. For this gentleman's age,he's going to retire on this piece of
land, So you also have tolook at medical related issues, the ability
(14:43):
to get on and off this retreat. So he may not want to seclude
it mountain retreat. But again hesays he definitely doesn't want a HIPI commune,
which I understand. So I hopethis has been helpful folks, because
I know there's a lot of uncertaintyright now, and especially those who are
working the financial services industry, especiallythose who are working in technology, because
AI is out there. It couldcompletely replace your job. We need to
(15:05):
look at how we can take whatwe have, be conservative about it,
make it last, but also growit. And so if you're going to
be smart and efficient, if you'regoing to hedge against the coming chaos,
you're going to have a shorter timelinethan someone who is looking for retirement ten
years down the line. And soagain, that written plan helps us accelerate.
(15:26):
It helps us be on the samepage. It helps you on your
spouse be on the same page,and it helps you and your children understand
kind of where things are going.Plus in the short term, you can
build wonderful memories. You can startgetting to know each other and experience.
In this gentleman's case, he workeda lot of hours and really doesn't understand
his kids, and he feels disconnectedwith his family, and this is the
(15:52):
opportunity. The political unrest may alwaysbe there and it may never directly impact
you actual disasters, rising costs,uh, changes in local laws and regulations.
I think it's a great idea tohave a retreat, whether it's a
mountain retreat, whether it's a ruralcabin, whether it's a summer home,
(16:15):
whether it's a place you just youand the wife go and you relax and
you spend two weeks there and it'sit's it's got everything you want, but
it's not getting on a plane anddealing with all the hassle of travel.
Folks. I hope this has beenuseful to you. Again, it's it's
the same plan when we do aconsultation. I'll tend to record a follow
up for you in the form ofa podcast, but but it's it's it's
(16:38):
always the same plan, written planned, and that way we can sit down
and we can talk with all thestakeholders, all the individuals in your in
your household, to make sure it'sgonna work for you. Because we don't
want to invest so much into somethingthat isn't an absolute fit for for fear,
(17:00):
we don't want to be making decisionsbased on scarcity because in the natural
world, the squirrels don't have grocerystores. The deer always find food.
Now, while there are predators,those who understand how to work with nature,
how to connect with nature, howto be involved with the land,
(17:22):
they tend to not have any issues. They have different kinds of issues,
but they don't have any major issuesthat you're going to get dumping a half
million dollars on a piece of landyou've never seen. Anyway, I'm just
in hit with Prosperity Homestead. Ifyou've got specific questions, visit us at
www dot prosperity homestead dot org.Understand, I'll build an analogy of our
(17:44):
conversation. I'm not going to shareany confidential information, but again, I
will work with you to develop thatdesign plan. I'll work with you to
implement. My background is business development, my background is project management. And
if you're not doing the thing,then it will never happen. And you
can do the thing at scale,and you can do the thing to solve
(18:08):
other problems in your life now,but ultimately, it's not another podcast.
It's not another video online. Let'sget out in the real world and start
connected with nature and start building theoutcomes that we're looking for. Again,
I'm just in hit with Prosperity Homestead. Visit us at www dot prosperity homestead
(18:29):
dot org. We've got free newsletters, we've got courses, we've got resources
to get you started. Now isthe time to build your mountain retreat,
to build your homestead, to startgetting the security that comes with a stable
environment, growth environment, and thattransition in your life. Thanks for listening
(18:52):
and I'll see you in the nextpodcast.
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