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/...
Jun 08, 2023•29 min•Ep. 31
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/...
May 18, 2023•15 min•Ep. 30
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/...
Apr 27, 2023•6 min•Ep. 29
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/...
Apr 06, 2023•20 min•Ep. 28
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/...
Mar 30, 2023•16 min•Ep. 27
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/...
Mar 23, 2023•15 min•Ep. 26
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://mis...
Mar 16, 2023•21 min•Ep. 25
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...
Mar 02, 2023•18 min•Ep. 24
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 m...
Feb 23, 2023•25 min•Ep. 23
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/...
Feb 09, 2023•19 min•Ep. 22
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:...
Feb 02, 2023•27 min•Ep. 21
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/...
Jan 26, 2023•18 min•Ep. 20
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://miss...
Jan 19, 2023•20 min•Ep. 19
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...
Jan 12, 2023•12 min•Ep. 18
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/...
Jan 05, 2023•19 min•Ep. 17
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/...
Dec 08, 2022•20 min•Ep. 16
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://terrafirmaconsult...
Dec 01, 2022•26 min•Ep. 15
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...
Nov 24, 2022•30 min•Ep. 14
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/...
Nov 17, 2022•26 min•Ep. 13
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 ...
Nov 10, 2022•22 min•Ep. 12
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://...
Oct 27, 2022•21 min•Ep. 11
In today's episode, Bob walks through the various assets we commonly look at to try and help grow our wealth. He goes back to the fundamentals and defines what an asset is, what the 3 stages of an asset are, and how the IRS views those assets. Bob breaks down to the very basic list of assets and shares with the listener what the #1 asset is and how to nurture that asset. By focusing on nurturing and building that #1 asset, a business owner can positively affect not just his/her wealth but everyt...
Oct 13, 2022•21 min•Ep. 10
Today's episode is with a friend, Mike Silverman, who is in the franchise industry. We discuss what place franchising has in a Farming Asset portfolio. We discuss how to look into what information you should be aware of and think about during a due diligence process. Mike Silverman started in the business world during his junior year in college when he bought his first franchise, Complete Nutrition. From that moment, he fell in love with everything business-related. He's been very fortunate to b...
Oct 06, 2022•48 min•Ep. 9
Today we are talking about the psychological term Implementation Intentions and how we as business owners need to plan for the unknown by looking back at historical events that occurred and had an effect on not just our society but our personal economics. The idea of staying ready instead of having to get ready was a powerful lesson for me when I heard this a few years ago when on a retreat. This episode is the essence of our planning model. To learn more, visit: https://terrafirmaconsultantsllc...
Sep 29, 2022•31 min•Ep. 8
Today we are discussing the mindset of a business owner. Looking at pre-2020 and now where we are at today, what and how should a business owner approach the next steps in scaling their business? Brian is a Board-certified executive, leadership and business coach, corporate and nonprofit consultant, expert speaker and panelist, and award-winning international best-selling author. Brian established his private practice in 2004. His firm is headquartered in Los Angeles with clients worldwide repre...
Sep 22, 2022•36 min•Ep. 7
This week's episode discusses the idea of battling inflation by starting your own business or an additional business and the options for funding available. Robert interviews Shirley Kefgen the Director of Business Development with FranFund, Inc. Listen to the options available in this very informative episode of Farming Assets. Shirley is an expert when it comes to funding options for purchasing a franchise using either the traditional SBA lending or establishing funding using retirement plan fu...
Sep 15, 2022•38 min•Ep. 6
As a business owner, you are a leader not just at home but in your business as well as your community. If we want to see change, you and I, as business owners, need to be that change. To learn more, visit: https://terrafirmaconsultantsllc.com/ Listen to more episodes on Mission Matters: https://missionmatters.com/author/robert-wolf/
Sep 08, 2022•8 min•Ep. 5
Today's episode I review the newly passed Inflation Reduction Act to see where in this act it will benefit you and I as business owners. I go over the parts that may pertain to you and I can try to translate into our talk of the effects we may see. The biggest farce is trying to get us to believe that by spending more taxpayers money, which part of it is to increase taxes (government revenue), we are supposed to be grateful and thankful. That's not how inflation works or how we work. To learn mo...
Sep 01, 2022•28 min•Ep. 4
In this week's episode, Host Bob Wolf discussed Inflation today. He also talked about the areas affected and what some "experts" suggest in dealing with the rising costs. At the end of the episode, Bob reveals the true strategy to handle Inflation today and into the future. To learn more, visit: https://terrafirmaconsultantsllc.com/ Listen to more episodes on Mission Matters: https://missionmatters.com/author/robert-wolf/...
Aug 18, 2022•46 min•Ep. 3
In this episode, Host Robert "Bob" Wolf goes over the history of inflation from 1914 to today. He defines what inflation is, what CPI and PCE stand for and reviews various resources that give us historical data. "It's difficult to make a decision today when we don't know why or how to deal with inflation when most of us haven't experienced it and those that have were 40 years younger," said Bob. Bob also shared that the next episode will cover inflation today, the effects on our assets, and our ...
Aug 11, 2022•41 min•Ep. 2
