Farming Assets

In today's episode Bob discusses the crazy "experts" called Economist and how their talking out of their butts and not really looking at the full picture. He walks through the negative affects that could happen if the government changes the rules to 401(k) plans and the tax benefits.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In Today's episode Bob explains the importance of the United States' new number one trade partner and no its not China or any European country, but It's Mexico.  Not only does he explain about her relationship with the US but more importantly the relationship with Texas.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob discusses the university system and the economic ineptness over the last few decades.  The government once again uses taxpayer funds to create unproductivity versus what the private sector can do in comparison.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode we FINISH our Berkshire Hathaway Annual meeting Q&A series. It has been a lot of fun for me so thank you for joining me on this education down the wisdom trail of Warren Buffet and the late Charlie Munger.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode we FINISH our Berkshire Hathaway Annual meeting Q&A series. It has been alot of fun for me so thank you for joining me on this education down the wisdom trail of Warren Buffet and the late Charlie Munger.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode we continue and turning the bend on finalizing our Berkshire Hathaway Annual meeting Q&A series.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

Today's episode Bob stays the course with his multipart series on Berkshire Hathaway's annual shareholder meeting held back in May 2023.He goes through each of the 48 questions asked and commentaries on each of them to help us understand what to make of the brilliance of Warren Buffet and Charlie Munger.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

Today's episode Bob stays the course with his multipart series on Berkshire Hathaway's annual shareholder meeting held back in May 2023.He goes through each of the 48 questions asked and commentaries on each of them to help us understand what to make of the brilliance of Warren Buffet and Charlie Munger.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

Today's episode Bob stays the course with his multipart series on Berkshire Hathaway's annual shareholder meeting held back in May 2023.He goes through each of the 48 questions asked and commentaries on each of them to help us understand what to make of the brilliance of Warren Buffet and Charlie Munger.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

Today's episode Bob continues his multipart series on Berkshire Hathaway's annual shareholder meeting held back in May 2023.He goes through each of the 48 questions asked and commentaries on each of them to help us understand what to make of the brilliance of Warren Buffett and Charlie Munger.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

Today's episode Bob continues his multipart series on Berkshire Hathaway's annual shareholder meeting held back in May 2023.He goes through each of the 48 questions asked and commentaries on each of them to help us understand what to make of the brilliance of Warren Buffett and Charlie Munger.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob starts a multipart series on Berkshire Hathaway's Annual Shareholder meeting held back in May 2023.Join us on this journey through Warren Buffett and Charlie Munger's brilliant minds so you too can gather knowledge...To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob walks through the newest inflation numbers.He walks through the different inflation indexes to see what you and I need to be aware of. To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob shares the IRS plan of attack to go after "Wealthy Tax Filers" who are using pass-through entities to not pay the taxes they owe.He explains what entity types there are and what a pass through is.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob goes through a story of a town in West Texas called Sweetwater.  The story here is not so sweet in fact it has soured the residence on renewable energy even though the town has its own wind turbines.Sweetwater has become a graveyard for old wind turbine blades and there doesn't seem to be much green going on.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob walks through how the IRS plans to "audit" 1600 millionaires but are we next?He explains using the 2022 IRS Data Book and how many "audits" the IRS is currently auditing based on 2020 filed tax returns.Do you still believe the IRS isn't going to audit anyone under $400,000 in annual income?See for yourself...To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob goes over the debate that has both aisles up in arms over what will happen, what could happen, and who is responsible.The IRS as we all know received $80 billion in funding over the next 10 years so the two parties are jocking as to what the IRS effect on auditing American taxpayers will look like.Just into this episode to find out...To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Bob walks through NPR's article on the booming oil industry. Actually quite surprising it wasn't overly political in nature and explains the basics of the oil industry making money in today's environment.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In todays' episode Bob discusses the very frustrating results of political decisions that has now trickled down to you and I, who are just trying to get home and auto insurance, so we can continue to put a roof over our heads and gas in the car to go to work.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob continues the conversation of dedollarization. You will see that this topic not only has no more weight in deciding the future of BRICS but also how the dollar is actually stronger than it has ever been.As long as the weaponizing of the dollar stops.  America holds all the cards in this game so it is America's to lose.We have seen the end of BRICS, at least for the foreseeable future.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob reads through an article by City Journal breaking down the failure of California's educating system.Students dropping out, failing tests, false grades, etc.This sad prospect of the future of Californians because the teachers unions and the politicians don't care.Or they do care but it is just not in alignment with the parents and the wellbeing of the students.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob talks about China and California and the connection the two have. He goes through various articles over the last few months to show the connection between China and California.Bob also discusses the exciting prospect of the United States taking more control of manufacturing and learning from the last few decades of its relationship with China.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob discusses the sad story of California's demise and how current data is showing a decrease in income levels.Being crowned as the tax king among all the states we have seen the consequences over the past few years.Will this trend continue?To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob talks more about China. He's posed the question in past episodes, "Is China a World Power Economy?"China needs the US and the US doesn't need China!Based on recent articles and data it looks as though China's recovery from COVID and other economic constraints is having a negative effect on China's economy.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob smiles ear to ear with Warren Buffett's naysaying to the naysayers of the topic of de-dollarization.He explains much better than Bob does about why he feels there is no replacement for the dollar.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob goes crazy with the new decision for California to eliminate emissions from locomotive trains.Are you trying to turn your state into a 3rd world country?To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob feels vindicated with economist Paul Krugman saying that the Federal Reserve may have already beat inflation.Have they? What do you think?To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob completes his trilogy on China. Is China a World Power Economy?This episode addresses China's slowing economy and what "they" thought was going to be this grand post-COVID recovery...He discusses the risks associated with China and the fact of, can you really trust a Communist country?To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob continues his trilogy on China. Is China a World Power Economy?This episode addresses China's slowing economy and what "they" thought was going to be this grand post-COVID recovery...He discusses the various economic numbers from exports and imports of China and its trade partners.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob begins his trilogy on China. Is China a World Power Economy?This episode starts the trilogy by addressing China's slowing economy and what "they" thought was going to be this grand post-COVID recovery...Not so much To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Bob does a walk through of issues California has experienced whether it be wildfires or a mass exodus of population, to now insurance companies not insuring new policyholders.  This leadership or lack of leadership has put a once great state into a situation of possible irreversible destruction.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Bob adds his opinion to the de-dollarization debate.Remember Bob doesn't claim to be an economic expert or even a dollar expert, but is trying to look at this debate as a business owner just like you.What to believe and what to do?Check out this episode.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

Today's episode is a rant about the current administration's decision effective May 1st to penalize good mortgage borrowers for having a good credit score and rewarding those with a lesser credit score. Can you say learn from history.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Bob goes through articles from Nikkei Asia talking about and reviewing China's demographic doom.As well as their decreasing GDP which can destroy their hopes of overtaking the US!The Red Dragon could be in jeopardy.To learn more, visit:https://www.terrafirmaconsultant.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob talks about how over the years, actually since 2011 businesses therefore citizens have been leaving California for greater pastures.In fact over the last two years California has seen a net loss of over 700,000 escapees.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob discusses inflation not just here in the United States but also across the globe.He reviews the forecasted GDP of countries globally.And he discusses how our allies purchase fossil fuels from Russia and how we are paying both sides of this Russia and Ukraine conflict.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob discusses the moving to a larger location due to you and our wonderful members.He discusses the purpose of Terra Firma is to help educate you on how the game is designed.Understand the large picture of how the rules are designed and how to NOT be a tool but use it all as a tool to use the systems and rules to help you grow you wealth by reducing your taxes.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Robert goes through how as a business owner you have the ability to use capital in different ways then we normally do.He uses Warren Buffet as an example of how in 2009 Berkshire Hathaway loaned $300 million dollars to famed motorcycle company Harley-Davidson to make over $150 million in five years.What can you do with your capital?To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Robert helps to explain how the last few years have faired with consumer debt. But now we are on the tail end of the "pandemic," consumers are battling inflation and rising interest rates.By going through an article written by Penn Mutual Asset Management and information provided by the Federal Reserve, Robert tries to help you know what to do.How does this affect you, and what does a business owner do?To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's Episode Robert wants to take a step back from all the firehose of information he's been sharing the last few weeks. This episode he wants to focus on you! Helping you to understand or better said, empower you to know it's literally all about you.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob goes out on a limb to debunk traditional tax planning advice. If you are a business owner you need to watch this and reflect on the value of these two things 1) A personal mortgage balance 2) The need for you to contribute to your personal 401k retirement plan.He goes through the numbers to show that the IRS always wins if you follow like sheep. Sheep get slaughtered...To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob continues his dive into understanding the planning process of a business owner and how to reduce your tax liability. He dives into how personal expenses are affected by inflation and taxes and how over time your wealth can dwindle.  Inflation and taxes are great wealth destroyers.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob goes through what he calls the Cash Flow Recovery process. This process shows a business owner how they may be overpaying in taxes and by how much.He does a very good job of educating on the progressive tax system and how by understanding your personal lifestyle expenses, how you may be able to reduce your tax liability by shifting income onto other assets.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob is laying out the 2023 plan for content and what will be covered in 2023.As he said he is kicking down the door to the vault and giving you everything.He will be diving deep into conventional wisdom and explaining unconventional wisdom to give you the opportunity as a business owner to decide which makes more sense for you.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode Bob walks through the various players to the game we all have to play by.  He gives a great overview of how the players work together and how we as the "taxpayers" or "consumers" are left kind of holding the bag...unless we too know how to play the game.  Once you know the rules to the game you can then strategize and organize.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode we discuss the question if debt is good or bad. Are you talking about personal debt or business debt?You will find that with most things we discuss, it all depends on your purpose and goal of the debt. Bob breaks down an example to help understand.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Bob goes through some of the basic types of common debts, such as credit cards, student loans, and home mortgages.He explains how the difference between personal debt and business debt allows you to grow your wealth or shrink your wealth.For example, why does any business owner have a personal mortgage? This is a tax liability to a business owner. Instead, they should have access to equity through a home equity line of credit.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Bob takes a journey through a website called usdebtclock.org.He walks through the numbers for debt and revenue of the United States. He highlights the deficits and growing debt problem but also clarifies what this means for future taxes.You and I, as business owners, are one of the main ways the government generates tax revenue, so based on these numbers, it doesn't look good for non-business owners.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

On today's episode, Bob continues his journey through the Economic Termite DEBT...He goes through an article he feels does a great job of defining the national debt and what deficits are.I know it sounds terribly exciting, doesn't it?It actually is very interesting. It may not be "exciting," but it is certainly interesting.See for yourself.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

It's that time of year again! Tax time! I know, just reading those words is stressful, especially considering the way the economy is right now. The solution to these worries? PLANNING. In today's episode, Bob goes in-depth about the process of planning, the importance of nurturing your assets, and how Farming Assets can help with saving money on taxes.Do you know how much you're paying in taxes? Do you know what your fair share is? Do you know what your plan is? What will you do with the money you save from taxes? It's important you know how to answer these questions. Imagine these are questions on a test, a test that passing or failing determines whether you maximize your tax savings or not. You're going to want to study for this one, and Bob's your tutor.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

In today's episode, Robert goes through the process of answering the question, "What is Farming Assets?". He uses the analogy of farming to help explain what we go through as business owners and how to grow your asset(s) in a process similar to farming.With everything created, there is a balance that allows for proper structuring and organizing. Our assets can be planned accordingly.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/