Had I apprenticed instead of going to college I rather imagine I would be a much more prosperous now than I am.
“Had I apprenticed instead of going to college I rather imagine I would be a much more prosperous now than I am.”
Much of my sustenance has come from imputed income. I grew up on the farm, went into the Navy and studied electronics and after trying several things wound up doing electromechanical repairs on printing equipment and after ten years started my own business. At this point I am “retired” but I do my own carpentry, electrical, plumbing etc, tomorrow I am installing the new dishwasher my wife and I bought today. If I had to pay someone else to do all the things I have done for myself I would be on welfare by now! Hurricane Matthew blew down a bunch of trees for us and we have been compensated by our insurance company but rather than hire someone to clean up I bought a new larger chain saw to go with my old one and borrowed a splitter from my neighbor, I gave him some wood for use of his splitter and am now selling firewood rather than paying out all my insurance money to a tree service. If I were a little younger I would probably start a tree service myself.
The great thing is that imputed income is still nontaxable.