We aren’t living there full-time yet, but the question of how to generate an income once we do is one that features prominently in our planning. Notice I did not say “worrying.”
Seems like a diversified income stream is the most resilient and flexible way to approach it:
There’s the idea of ongoing fee-based classes, of course. Plenty of great examples of how that can be done well.
There’s the idea of renting the tiny homes and community hall as a retreat/gathering space for various groups and/or an AirBnB concept.
There’s the sale of farm products – fresh, preserved and value-added.
There’s the lecture/book circuit – maybe. eventually.
and then there is the part-time home based businesses that tap into our competencies. (marketing, proposal and grant writing.)
Fortunately, we are at a place in our finances where we have no non-mortgage debt, and we have become exceedingly good at living frugally-even in our current expensive suburb. We have some reserves saved up that will be used to seed the initial capital outlays, but even so: we are taking a risk in this adventure. Crops can fail. Weather is unpredictable. The Mountain, and its people may turn against us.
There is no sure-fire guarantees in this. Nor in anything.
But this is the life we want.
We’ll never have a chance at it if we don’t try.