TRANSCRIPTION 🔗
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Hey everybody, Scott Terry here, and you are listening to
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Our Life Up Here, the Scott Terry Show. This is
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a podcast about homesteading, horticulture, permaculture, entrepreneurship, rural living, and
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all that kind of stuff. Might be a little bit
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of background noise in this one. The neighbors are chopping corn,
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so there's silage trucks running up and down the road here.
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But I don't know if that's going to come through
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or not, but if it does, that's what's going on,
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and that's this time of year around here. Yeah, this
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episode I wanted to talk about something a little bit different.
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Kind of the advantage of running older trucks, vehicles, farm equipment,
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as opposed to running newer stuff. and how it can
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save you a lot of money in the long run.
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Part of the reason for this is, you know, a
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lot of people that want to live the homesteading lifestyle,
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they want to have their own business, you know, margins
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are thin. If you want to live this way of life,
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we never really have a lot of money. I'm not
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saying you got to live like you're in poverty, but
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We don't have a tremendous amount of money. And so
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people can't make it pencil out a lot of times
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because they are caught up in this idea that they
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got to live like the rest of the world. And
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since everybody else owns newer late model vehicles and equipment
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that they need to as well. And I think that
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there was a time... where it might have been more
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advantageous to own newer stuff, but those days are long
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since gone. And this strategy that I'm talking about may
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not work very well 30 years from now, because the
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old stuff then is going to be the new junk now.
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So a lot of the problems with... newer pickup trucks,
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newer cars, newer pieces of farm equipment, is that they
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are just ridiculously expensive. It's hard to buy a new
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pickup truck, you know, I haven't even priced any recently, but,
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I mean, you're looking at $ 50, 000, $ 60, 000 for.
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Something that is going to rust away, the engine's eventually
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going to blow up, and it will get hauled off
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to a crushing machine and sent for scrap metal. I'm
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not against spending large amounts of money on things that
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are assets, but equipment is not a long-term asset. When
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the car dealer says, oh, Congratulations on your investment. They're
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full of it. It's not an investment. It's an expense.
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So we look at equipment as an expense, and we
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try to make it so that it's the least amount
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of expense as possible. And you say, well, I make
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a comparison. We've got a tax foreclosure auction going on
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up here right now. And we're just checking in on
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some properties on there. And there are actual houses that
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you could buy for less money than a new pickup truck,
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which is going to rust away, rot, and be gone.
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So there's just a lot better ways to spend that
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kind of money than to spend it on an asset
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that isn't an asset at all. It's just an expense.
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It's a throwaway item. So, you know, we, I don't know,
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we must have eight or nine vehicles here. We have
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a large family. We don't have anything right now, I
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don't think, that isn't at least 26 years old. The
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newest stuff that we got are early 2000s, maybe 2001.
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And another reason why we do this is because we
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can work on them. So another added expense of owning
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newer stuff is You can't work on the stuff anymore.
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It is ridiculously difficult to work on any of these
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newer vehicles. One, the electronics and computers all require specialized
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equipment to work on them. The engineers have gone out
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of their way to make it impossible for you to
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work on your own stuff anymore. You open the hood
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on some of these things. I'll give you a really
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cool example of this. Engineers just being ridiculous. Isaiah, who
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is our mechanic of the family operation here, he was
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going to town the other day to get parts. And
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he's driving along in his truck and he notices there's
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a car with Canadian license plates pulled over on the
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side of the road. And the guy was out just
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kind of looking at it, and there was some steam
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coming out. He says, well, he decided to stop. And
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he says, what's going on? He says, well, the car
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keeps overheating. So Isaiah popped the hood on it, and
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he reached down in there and pulled out a shredded
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serpentine belt. He says, well, this could possibly be part
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of your problem. He said, I'll tell you what, parts
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store is right around the corner here. Let's go get
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you a new belt, and I'll put it on for you.
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So they go over, buy a serpentine belt, go over there.
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How hard can this be, you know? Isaiah's always got
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a good selection of tools in his truck, so he
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thinks it's going to be a five-minute job. He gets
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to looking at it, gets to looking at it. He
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calls me up. He says, I got to come back
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to the farm and get a jack and some other tools.
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He says, I found this Canadian stranded on the road here,
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and you have to remove the motor mounts to change
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the serpentine belt. I was like, are you sure?
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He's like, yeah, I'm absolutely sure. It's the only way
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you can do it. So he quick pulled up a
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couple YouTube videos on it, and yep, standard procedure to
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change a serpentine belt, I think he said it was
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a Chevy Cruze, is.
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To put a jack under the engine, jack the motor up,
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disconnect the engine mount bracket, and you have to remove it.
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I just can't even believe it. that someone would think
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that was a good design. So Isaiah actually did that
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all in a parking lot down there. Got the motor disconnected,
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got the motor mount out, got the belt changed for
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him and sent him on his way. He didn't know
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what he owed him. He said, well, nothing. He says,
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I don't mind working on stuff and you were in
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a bad way. I'd hope somebody would stop and help me.
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You're in another country for crying out loud. Don't worry
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about it. He said, I'd feel a lot better if
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you took something. He gave him a $ 100 bill, which
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I thought was nice. But anyway, that's just an example
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of newer stuff. These poor people, they don't have anything.
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You know, imagine if you'd have taken that into a shop,
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what it would have cost him to have the serpentine
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belt replaced. It's just crazy. And then all the emission
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stuff now. That makes everything impossible. All the sensors, all
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the nonsense. And with diesels, with the DEF, and with the, ah,
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it's just, it's just, it's impossible for the average guy
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to work on stuff. And it's just a giant pain.
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So we prefer to run older equipment that we can
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work on. If you got somebody handy on the operation,
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then that kind of becomes their full-time job, but that's
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okay because that's their gift. Isaiah pretty much, all he
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does around here is work on stuff. So, yeah, at
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this point, what we're running for pickup trucks and vehicles,
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we've got an early 2000s. GMC half-ton. We've got a
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1987 Dodge Power Ram half-ton pickup. That's a cool old truck.
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I love that one. We've got a 01 Dodge three-quarter
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ton with a 24-valve Cummings diesel in it. All pre-emissions.
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The old, nice, rattly-sounding diesel. We got a couple of
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early 2000s cars. We got a 96 Toyota Land Cruiser.
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That thing is a beast. That thing is like a tank.
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That is an off-road machine. And I couldn't figure out
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why I'd never... Growing up, why none of us redneck
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kids had... I just figured, geez, one of my friends
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would have had something like this. This is really cool. Well,
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I found out why. I looked it up and they
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were $ 100, 000 when they were new. In 96. Talk about...
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You could still buy a nice house or a small
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farm up here for that kind of money back in
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those days. But... The thing is, we can work on
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all this stuff. Parts are fairly available. There's room to
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work on stuff. None of these things require specialized tools.
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You can use a simple scanner on even these early
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2000s ones. But some of this stuff you don't even
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have to plug in. And then, like our dump truck,
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that's 96 years old. That's a 1930 dump truck. Ford AA,
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still running. And then tractors, that's another story altogether. We've
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got a four-wheel drive loader tractor that's 26 years old.
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That's our newest tractor. That's what we consider the modern
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machine of the fleet. No emission stuff, no computers, no
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electric over hydraulic nonsense.
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It's all.
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Manually done. Good tractor, fairly easy to work on. Parts
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a little bit hard on that one sometimes, but all
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in all, easy machine to work on. next tractor in
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line is our 1954, 53 or 54, I can't remember
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off the top of my head, John Deere, model 40,
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two cylinder, gasser, with, uh, those had three point hitch,
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the one thing, a nice thing I like about the,
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that series, at the same time, your international, your M's
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and your H's, and those were good machines, but they
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didn't have three point hitches, um, The John Deere 40
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actually had what they called touch-o-matic hydraulics. But it's got
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a three-point hitch. Thing runs like a champ. Those old
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two-cylinder gassers, you can... We've had that thing tore down
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since we've had it. You can pop the head off
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of it, do all... I mean, it's just something you
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can do in a basic shop with no problem at all.
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And then we've got an International 454. And that one's
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50-some years old. That would have been made about the
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same time I was born, mid-1970s. Of course, that's got 3.8
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live PTO on that one. Nice little 45, 50-horse tractor.
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Pretty
handy in the woods. But it's all simple stuff
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to work on. You can get the parts. And like
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that diesel loader tractor. We can work on it. I
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got a friend that just bought... Bought a mid-size... Loader tractor.
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Big name company. You've all heard of them. And the
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thing has given him nothing but problems. And most of
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it is because of electric... Electric nonsense. And... four-wheel drive
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kicking in and out when you're going down the road
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and if you shift too fast it shuts the whole
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machine down and then you have to sit there for
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and the dealership has been like yeah we know it's
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a problem and you just got to wait another year
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or two for the warranty to go out and we
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can go in and delete it but if we delete
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all that stuff now your warranty is void so it's
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just all of this modern stuff costs too much money
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to purchase it, and since they made it impossible to
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work on, it just, it doesn't, it doesn't make sense
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right now to run new equipment, unless you're one of
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the really big guys, and you do, like, lease programs
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or something, so you're never actually owning it, and you're
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just turning them over all the time, but even then,
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the amount of money that you got to that you
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got to put up for that is, is just, just ridiculous,
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and all of this newer stuff is just made out
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of plastic, and it's just, it's ridiculous, they, they're not,
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there isn't going to be, that's why I say this,
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this way of doing things won't work 30 years from now,
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Because we're using 50, 60, 70-year-old pieces of equipment, 26, 30,
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40-year-old pickup trucks because they were built so good that
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they're still here. All of this modern stuff, the craftsmanship
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on it, I don't know. I just don't know. There
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isn't going to be any used stuff around because... they're
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just not built to last that long. And with all
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the electronics and everything. But the point of this is
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that if you want to be frugal nowadays and you
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want to be able to live on small margins, live
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off the land and live the kind of life that
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you want to live, one of the ways that you
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can do that and help make it more affordable is
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not to fall into the trap of thinking that you
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got to have, you got to have new stuff. Um, Economically,
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we think that we are way, way ahead buying four
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to $ 9, 000 vehicles on average and then maintaining them ourselves
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and keeping them running versus going out and buying something
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that is half the price of a house and then
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Not being able to work on it and have to
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take it to a shop all the time and spend
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huge amounts of money for somebody else to work on it.
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It just seems like a no-brainer to me. And that's
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another thing. If you've got a small farm or homestead,
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one of the best things you can do is find
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somebody in the family that is actually interested in doing
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mechanical stuff. and get them the tools, help them with
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the training, they will become a very, very valuable aspect
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of your business. They can save you so much money.
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If I look back over the last two years, all
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the work we've done here in our little shop, and
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if I was to tally up all those hours, and
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then Multiply them by $ 70, $ 80, $ 90 an hour, depending
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what shop you're working at. I mean, some of the
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equipment guys are getting over $ 100, $ 120 an hour to
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work on stuff. And if you calculated that up as
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to how much money we've saved since we've decided... hey,
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this member of the team likes doing this. He's got
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a knack for it. Let's make sure he's got the
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tools that he needs. Let's make sure we've got the
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stuff here so that he can work on it. Make
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it easy. Make it something that is enjoyable to do.
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And nowadays, I mean, you can learn all that stuff
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from neighbors. You can learn it from the old guy
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at church that was a mechanic, but you've also got
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YouTube videos on fixing anything on the planet. You can
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learn a lot just from YouTube. Stuff that, you know,
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when I was a kid, you didn't have those kind
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of resources. But it's well worth it. And That's the
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same thing. If you've got a family business, if you've
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got a large family business, not large businesses and a
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large business, but you have a large family and you
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have a business, you have to find out what everybody's
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good at and let them be. let that be their thing.
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And that's one of the blessings of having a whole
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bunch of people working on stuff is you don't have
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to work on the stuff you don't like to do
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because there's going to be somebody that that's their thing.
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You know, like we got people here that like to,
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or people people, They like to talk to customers. They
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like to do customer service and that kind of stuff.
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We've got people that that's the worst. That'd be like
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the equivalent of dying and going to hell a thousand
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times talking to someone. But that's fine because there's other
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stuff that they can do. They might be great at
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scouting insects and working on the IPM. program around here
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figuring out where the problems are early and taking care
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of insect pressure it might be working in the shop
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keeping everything running keeping everything maintained somebody else really just
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loves taking care of the plants or the livestock or
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whatever it is just wants to run the day-to-day part
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of it and doesn't want to deal with the other
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stuff You've got to find out what everybody's gifts are
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and then let them work on that. It's a lot
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easier to help somebody develop their gifts and talents than
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it is to try to make them be better at
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a whole bunch of other stuff. They might get a
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little better, but the same amount of
time spent on
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the things that they're good and passionate about will in
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the long run be better for your business. And just
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another side note on having stuff, tools and stuff available
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to work on stuff. Why that's important. You can't be
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constantly running around borrowing tools and things like that. You've
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got to have the stuff there so that A half-hour
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job doesn't turn into a two-and-a-half-hour job because, well, I
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need this specialized piece of equipment, tool that I don't have. Now,
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I know the neighbor has it, and I know the
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neighbor will loan it to me. We've got quite a
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good network of people up here where I don't have
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to worry about being able to access something. I can
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do it. But you don't want to turn yourself into
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a pain in the neck that's constantly borrowing stuff either.
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So when we were first building out our tool inventory here,
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the rule was, I told the boys, if we've got
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to borrow something twice, you've got to go... If you've
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had to go and borrow this tool twice, then that's
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a good indication that we ought to have one in
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the toolbox. So once you borrow something twice, I would rather...
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you just go and buy the tool and bring it
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back than to go and borrow it because by the
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time you figure in the lost time running over there
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and getting it and coming back and then you figure
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out the fact that now you're now you're becoming a
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nuisance if you just are constantly going somewhere and borrowing
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the same tool over and over again. That's just because
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you're so cheap that you don't want to buy it.
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And people get irritated with that after a while. Like,
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you know, you could just go down there and buy one,
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especially if something breaks there and they need it right
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after you just left with it. And so that's kind
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of our our rule. We don't, if we have to
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borrow a tool twice, it's time to go invest in
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that tool and get it on the shelf. And I
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think that's kind of a good way to start to
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build your tool inventory up. You wonder, oh, well, will
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I need this? Well, if you needed it twice and
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you didn't have it, there's probably a pretty good indication
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that you're going to need it in the future. And tools,
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if you don't lose them, uh, you don't lose them.
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They hold their value. Um, Used tools are valuable commodities.
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They do not lose a lot of their value. And
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the amount of money that they make you in the
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long run is well worth it. Because remember, if you've
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got the tools and you've got a place to work
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on stuff, and you've got your member of the team
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that's good at that, All the time he's working, he's
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saving you $ 100 an hour. $ 100 an hour in savings
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every time that guy is in the shop working on something.
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That's just on what it would have cost you to
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go out and hire somebody else to do it. And
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when you look at the bottom line at the end
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of the year, that makes that position on the farm...
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pretty valuable position. And that's somebody that you better take
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care of and treat well, too. All right, so this
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has just been kind of a little off-the-cuff Saturday morning rambling. Yeah,
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I did not get the cheesemaking episode done, because we've
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been busy processing meat, and That took a lot longer
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00:25:46.869 --> 00:25:50.049
than I was planning on it taking, and a few
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00:25:50.130 --> 00:25:54.950
other things have come up. So we will get that
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episode finished and get it out to you. Yeah, just
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00:25:59.410 --> 00:26:01.579
a reminder that if you want to support the show,
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00:26:01.839 --> 00:26:08.420
there is the Supporting Listener Club. You get exclusive episodes
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00:26:08.480 --> 00:26:12.279
that are just for the supporting members, kind of deep
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00:26:12.319 --> 00:26:18.019
dives on different topics and stuff. And helps pay the
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00:26:18.059 --> 00:26:25.200
bills to keep the podcast running. You can always find
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the show notes and stuff for these episodes at ourlifeuphere.com.
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00:26:31.289 --> 00:26:34.009
And if you look around on there, there's also a
348
00:26:35.210 --> 00:26:38.309
newsletter subscription thing. If you want to get on the
349
00:26:38.390 --> 00:26:41.930
email list, you can sign up there. And that's just
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00:26:41.990 --> 00:26:44.309
a way that I can keep in touch with you
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00:26:44.329 --> 00:26:48.390
guys and let you know about different stuff that's going
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00:26:48.569 --> 00:26:55.660
on and opportunities and whatnot. And, yeah, so the website
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is ourlifeuphere.com. You can find us on YouTube at Our
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00:27:01.559 --> 00:27:09.109
Life Up Here. You can find us on Facebook as well. And, yeah, well,
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we will catch you guys next week. Hope you have
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a blessed and productive week.