slowrev:
Yeah, I know. Lot's of folks have lots of money. Me, I keep a set of books to see (sorta) where I'm at. Whether I plan on keeping something or not.
It's my opinion (lot's might not agree) that it makes sense to keep a list what you've got, what you owe and what's left over that's yours and use that information to help you make purchasing decisions - such as what/how much tractor to buy (it doesn't have to be a full blown set of books to be worthwhile doing). The bottom line is whether what's left over is going up, or down, or . . .
When I wrote a check (tractor, extras, sales taxes etc) earlier this year for pushing $30k it's a major purchase - for me anyway. I am not planning to sell the tractor. But I didn't "spend" that amount. Only spent about $9k since cash assets went down, while equipment assets went up about 2/3 of what cash assets went down. The difference is the initial depreciation hit - unlike cars which depreciate to near 0, tractors hold up pretty well if taken care of. None of that relates to whether I plan on keeping the tractor the rest of my life, or, trading it in tomorrow. It does relate to keeping a handle on what your finances are and, at least to the point of this thread, whether to spend extra to get MFWD or stick with the 2wd. I was simply trying to make the point that the "cost" of MFWD is less than the actual difference in price.
I run into lot's of people who have no idea of where their finances are. Personally, I think that's a bit risky. But each person has to decide for themselves. Frankly, I am very conservative financially (I still believe gold is real money!) and that "ratios" are important. For example, I believe a conservative finanical ratio is approximately 25% of whatever you're worth should be liquid (cash or convertible to cash within 24 hrs), a maximum of 25% in consumer goods (such as house, car, etc.) and 50% in investment assets (things you own that you expect to bring in income/profit). If you maintain those ratios, or something approximating them, you are far less apt to run into financial problems. If you purchase a tractor solely to mow or use on your residential property, you are transferring liquid assets to a consumer good. On the other hand, if you expect to pick up some money with your tractor you are transferring assets from liquid to investment assets. I believe these "ratios" hold true whether you're worth $10k, or, 10 x $10k, or, 100 x $10k, or, 1,000 x $10k, or, whatever.
JEH