Mark Kohler recalls advice from his 80-year-old ranch manager: figure out what you actually want before you worry about how to get there. That simple principle, the rancher said, applies to taxes and charitable giving too.
I do really feel tax planning in business is about life because it affects what you're doing and why you're doing something and you just can't answer a lot of these questions in a vacuum. Anyway, I just wanted to share this example from this morning. I was spending time with my cowboy. This is my cowboy that runs my ranch when I'm not there. And he's an 80 year old gentleman that has been there, done that, everything. And if you've watched Yellowstone, this, he's my Lloyd and Rip wrapped up all in one. And I love just hanging out with him. And I think many of us in life need that person, that grandma, that grandpa, that person that's just lived life to keep us grounded. And so on this point of this charity idea that you have, just today we were talking, he's like, mark, you tell me what you want and I'll tell you if we can do it. Figure out what you want, don't figure out how you're going to do it. What's that thing I really want? Focus on that, how we get there, I'll tell you, that's the goal first and be really clear about it and it makes life so much easier.
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