341: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 3 June 2021
⏱️ 64 minutes
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| 0:00.0 | Welcome everybody to this week's episode of the Main Street Business Podcast. |
| 0:11.6 | My name is Mark Kohler. I'm here with the infamous Matt Sorensen. This is the Open Forum show. |
| 0:17.3 | We should have music there. Yeah, we're really in. But let me just say, howdy. Howdy. Yeah. For those watching on YouTube, I got my hat on today, my cowboy hat. Now, Matt is the proud owner of kind of a cowboy hat right now. We're getting it resized for him. But it's nicer than mine. It's a felt. It's more of a go-out- type hat. This is more of a work-in-hame hat. Okay. Yeah. Yeah. And shocker, the hat wasn't big enough. I have a big head if you didn't know that. Yeah. I thought you had a smaller head when I, this was his birthday present I got from at last week. It was a really cool, nice cowboy hat. |
| 0:56.1 | But anyway, we're moving the herd. |
| 0:58.7 | So I thought I'd put on the hat. |
| 1:00.8 | Okay. |
| 1:01.4 | I don't know if 10 cows constitutes a herd. |
| 1:05.4 | Yeah. |
| 1:05.8 | I have a herd. |
| 1:07.6 | It sounds much cooler. |
| 1:09.2 | Let's go with that. |
| 1:10.0 | Yeah. |
| 1:10.4 | So in the spring, I'm learning all these cool things from watching the show Yellowstone. |
| 1:15.1 | And for those that don't know, I bought five cows in my health savings account. |
| 1:21.7 | This is one of our self-directed strategies that we wanted to explore. Can you really own cattle or livestock or a farm inside |
| 1:31.4 | your retirement account? And the answer is yes, you very well can. And I bought five cows and |
| 1:36.5 | they gave birth to five bowls, which is very unique. Usually it's kind of a mix of male and |
| 1:41.6 | female. You got lucky. I did. |
| 1:46.0 | I got heifers and bowls. |
| 1:48.9 | And in the spring, I learned this. |
| 1:49.9 | I didn't know this. |
| 1:54.2 | Normally I'm kind of a surfer, lived in the big city, had a convertible. |
... |
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