When you were born really affects how you're going to see things in the future.
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Elaine's father who is 80 years old is just happy with the way things are. Just feed them, let them go square dancing three times a week, and invite them for Christmas and life is really good. Elaine's brothers were born in the 60s and like to use a lot of other peoples money, and don't have the same attitude towards debt as her dad does.
If you want to expand and make some changes on your ranch that are going to cost a little bit more than what you can cash flow, and someones pushing back, think about where they're coming from and what they need. In your 20s, you need independence. In your 30s, you're exhausted. You have children, mortgages, and a lot of work to do. In your 40s, you need to own something and take charge. When you're 50, you don't want stuff. You want good experiences and good relationships. When you're 60, its about legacy.
About Elaine Froese
Elaine Froese is an expert in helping family businesses talk about tough issues. She's a catalyst for courageous conversations for positive farm succession planning. Like many of her clients, Elaine is an active farmer and she watches the sky. Her common sense and down to earth style of communicating and asking hard questions is deeply appreciated by folks who find it hard to ask for help.
