Growing Up on a Farm on the Great Plains of South Dakota

I grew up on a working farm on the Great Plains of South Dakota. I can tell you there are really no days off on a farm. Cows had to be milked and fed twice a day. The rest of the livestock had to be fed, twice a day. With up to 20 cows to be milked, 100 head of Santa Gertrudis Cows and one bull to be fed. Certain times of the year the offspring of the 100 cows and 100 Suffolk ewes were added to the routine. During Spring to fall the planting, cultivating crops consumed most of the day. We grew Corn, soybeans, oats, barley, flax and alfalfa. There was always something to do. I learned the definition of work early. We all did my parents, two brothers and a sister.

Going to school was a day off. The interesting thing about attending a small rural school is that everyone had to participate in the activities. So, I grew up playing Football, basketball, baseball, track and field, playing in the school band, singing in the chorus and being in the school plays. It was a terrific way to experience many different aspects of life.

Upon graduating I attended Dakota Wesleyan University on a small scholarship. Majored in Biology with Chem/psych minor. Ran Track and cross Country for 4 years did well enough to get inducted into the school’s Hall of Fame.

Graduating College accepted appointment to Officer Candidate School for the Navy at Newport Rhode Island. Commissioned Nov 3rd, 1972. Accepted to enter Pensacola in the Naval Flight Officer flight training program. I chose to go into the Radar Intercept Officer program for F4 phantoms at NAS Miramar in San Diego. After a cruise with VF-96 aboard the Constellation transitioned to the F-14 Tomcat Fighter Squadron 2 aboard the Enterprise. Then assigned to VF-124 RAG (Replacement Air Group) as an instructor.

Looking back, I see that the discipline, hard work on the farm and the diversification of activities really formed a determination to finish a project regardless of scope.

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The experience growing up on a farm taught me the ethic of hard work. It also taught that you cannot do it on your own. Sometimes you could divide tasks and conquer. Other times required a team effort, uncles, aunts, cousins and neighbors and hired men had to pitch in to complete the work.

The High School experience with the participation in sports, music, drama gave a perspective that there is not just one path to enjoying life.

College experience of studying the sciences and approaching life from the scientific approach taught me to ask questions and collect information, before making decisions.  Running track, I used the hard work ethic from the farm to do the long workouts every day. Whether it was to go out and run 10 miles or doing 12 quarter mile repeats to build up your endurance. At a typical track meet I would run 2 half mile legs on relays then an open mile run and finish with an open 3-mile run.

Navy training taught me you need to pay attention to details. Memorizing check list, keeping an active look out doctrine, pay attention to the airplane and fly the airplane first. With the radar, electronic countermeasures, radio communication and missile launch scenarios in your control, you had to be able to multi-task but keep focused on individual tasks as well.

One of my life experiences was what I learned about music from High School. Music always moved me. I later in life pledged to learn the Guitar fretboard. I joined a Blues Jam and learned that sometimes you must embarrass yourself and go back to the woodshed and work it out. From that jam I started an 8-piece show band playing Old school R&B, Motown, Pop and Rock with my wife as lead singer. Getting eight musicians on the same page playing the right arrangement really taught me coordination and integration of talents. I use these skills to Macro Manage my client’s other advisors to complete a process to help manage their potential Wealth.

What is My Process?

Lifetime Economic Acceleration Process. LEAP!

It is a process that is remarkably like what I went through with Flight Simulators. Long before we ever jumped into a jet for real, we went through exhaustive simulations in a simulator where if we screwed up, we would not really crash a multi-million-dollar aircraft or kill crew members the Navy spent millions training.

There are two Defining Moments we must realize.

  1. The money you hold today will “very likely” not purchase more in the future.
  2. With the way the government is printing money, we are “very likely” in a lower tax bracket today than we will be in the future.

My Financial Simulator allows us to look at what you are currently doing and do a simulation to show you where you will be 5, 10, 15 years or at retirement. If we do not like the result we get to engineer and rerun the simulation to potentially get a better result. I equate the process to building modern day Castles then protecting the Castle with modern day Moats.



My Proposal is this.

I believe you can “Potentially” do the following:

  • You will “potentially” increase your money supply.
  • You will “potentially” create more or better benefits for you and your family.
  • You will “potentially” reduce the element of risk.
  • You will “potentially” reduce future taxes.

You may achieve these goals without spending one more dime than you are already spending.

What you see and what I see could be much different. What you do not see is what can be problematic. Just like when I was flying fighters in “dog fights” what you did not see is what could get you killed.

Back in medieval times wealth was accumulated and stored in castles! What did the owners of that wealth do to protect the Castle? They built Moats and the wider, the deeper the better. Today our wealth is stored in banks, Real Estate, financial institutions, etc. Left on its own our wealth is subjected to eroding factors. Taxes, Fees, Inflation, regulation, risk, Depreciation of the dollar. All are eating away at our wealth. Just like Castles needing moats for protecting ancient wealth. We need modern day moats to protect our wealth from fiscal eroding factors. That is what I do. I help you seek protection and growth by building you a modern a day moat. Learn how by contacting me at dave@elhoff.com go to my website to review some of the strategies: FinancialThoughtDoctor.com to learn to think a layer deeper. or call 619-548-0965 to schedule an online discovery Phone call. It is just a conversation.