Mr. Hobo Millionaire - Observations on Life, Business, and Money from a Life-Long Entrepreneur
  • Latest
  • About Mr. Hobo Millionaire
  • Contact Mr. Hobo Millionaire
Latest
About Mr. Hobo Millionaire
Contact Mr. Hobo Millionaire
Mr. Hobo Millionaire - Observations on Life, Business, and Money from a Life-Long Entrepreneur
  • Latest
  • About Mr. Hobo Millionaire
  • Contact Mr. Hobo Millionaire
Browsing Category
Archive
Life Money Relationships

Are You Blind To Your Financial Fire?

While commenting on a recent post and telling a personal story on a fellow blogger’s site, Rich @ Sport Of Money, it dawned on me to blog about this subject and expand on this story a bit more.

My Mother-In-Law’s Financial Life Is On Fire

My mother-in-law’s (MIL) financial life is on fire… and it’s not the good kind (as in FIRE – Financial Independence Retire Early). You see, she is in her mid 60’s, still working, and has only $35,000 invested in savings.

No, not $35,000 cash plus something else.

No, not $350,000 invested.

No, definitely not $3.5M invested.

And no, not $35,000 and a paid for house.

She has a total life savings of $35,000 at age 66. And she wouldn’t have that had we (my wife and I) not pushed her to start saving something a few of years ago (and to get out of debt). A few years ago she was in credit card debt and still carrying new car notes.

Continue reading
Reading time: 5 min

About Mr. Hobo Millionaire

I blog about money, financial independence (FIRE), life, and entrepreneurship. I got rich slowly (over 20+ years) with a niche software business. I also failed at a number of other things (and mild success with a few others). I share what I did right along the way, and a lot of what I did wrong, with a goal to encourage you think differently about life and money.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog, and receive notifications of new posts by email.

Follow

@MrHoboM on social media:
Twitter | Facebook | Instagram

  • twitter
  • facebook
  • instagram

 Featured On

Physician on FIRE

Millionaires Unveiled

FinanciallyAlert.Com

ESIMoney.Com

Popular Posts

The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.

The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.

June 30, 2020
The 7-Hour Workweek

The 7-Hour Workweek

May 19, 2019
Find Your Why… For FI

Find Your Why… For FI

April 27, 2019
Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)

Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)

November 18, 2019
Equality? We Are NOT All Equal… And That’s OK.

Equality? We Are NOT All Equal… And That’s OK.

July 14, 2019

Recent Comments

  • Dave on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Mr. Hobo Millionaire on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Dave on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Marc Archibald on Equality? We Are NOT All Equal… And That’s OK.
  • Mr. Hobo Millionaire on Equality? We Are NOT All Equal… And That’s OK.
  • Mr. Hobo Millionaire on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Marc Archibald on Equality? We Are NOT All Equal… And That’s OK.
  • Marc Archibald on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Mr. Hobo Millionaire on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Ben on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Mr. Hobo Millionaire on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Impersonal Finances on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Mr. Hobo Millionaire on Cars Are Money Pits and Kill Wealth Building
  • Vee on Cars Are Money Pits and Kill Wealth Building
  • Ben on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.

Tag Cloud

2nd place abundance Apple auditions business choices compounding critics death dividends entrepreneurship financial independence Financial Samurai FIRE freedom hard work Harry Potter investing investments JK Rowling life losers losing microsoft millionaire money negativity Oracle passion Quora recurring revenue retirement s&p 500 saving savings software SteveArk.Com stocks theodore roosevelt Vanguard VOO VTI winners winning work

© 2019 copyright MrHoboMillionaire.Com // All rights reserved
Designed by Mr. Hobo Millionaire