Badfish, All of the advice given here so far is great but none of it will get you your dream farm. It will help you when you have attained your dreams but won't help much otherwise. Having 2 jobs getting rid of cell phones not going to do it. Skills smills you need to concentrate on the money aspect now, you will have plenty of time to work out the final plans of your dreams in the coming years but you need to start saving yesterday. You seem to be pinning your entire dream on 2 things, a govt. pension and equity in your home. The equity will help but you need to supplement it with money from your own savings. As far as the pension goes, yeah I hope that works out for you. Too many people have pinned their hopes on those. Do you have an IRA? I assume with a pension option you don't have a 401k option at work, if you do use it instead of the IRA. The single most important thing you can do now at your age is save for retirement. Max out your yearly contributions. If you haven't already you need to open an IRA account. Now is the perfect time to start one with the market down. Everything is on sale, in 5 years you could double if not triple your money never mind 20/30 years from now. If you scrimp and save today you will be that much better off in retirement. What are you doing with the income from the second job? You need to assume that this farm is going to lose money from the start and forever. Not to be negative on your idea but always assume the worst when it comes to money. If it proves otherwise you will be that much better off. So assume you will need to pay your taxes, insurance, operating expenses and etc. all from your savings and plan accordingly today for that. Ask anyone here in their "Golden Years" if they wish they had saved more when they were your age. You won't find one that doesn't... Good Luck!