|
Alpena MI | The Mennonite "church" doesn't finance. Often a dad will give his son's and possibly sons in law a gift of a downpayment or a downpayment loan to help them buy their first farm. But Mennonites are no different than anyone else in the fact that some have had excellent financial training and are running their own successful business when they are early 20's (seldom before), while others can't seem to keep it together.
Most Mennonites have the most efficient help a man can wish for, because the help is home raised, so that helps tremendously.
There are some organizations amongst the Mennonites that are licensed and effectively act as a bank through investments and donations of older brethren that are retired and are looking to help the next generation.
Mostly, it's efficient operating and a willingness to take a risk and work hard, along with lower living costs, that make the Mennonite financial snowball. | |
|
Land Value - Where is this beast headed?
