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 Tag
microsoft
Money

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

You’ve heard the saying “don’t put all of your eggs in one basket” (because if you drop the basket, all of the eggs break, and you lose all of them). What I’m about to discuss is about having one egg in one basket… the difference is… when the egg breaks… it breaks into ~3600 little eggs. That one egg is VTI. It’s technically not a stock, but an ETF (a fund that you can buy and sell as a stock). It’s managed by Vanguard (and I use the word “managed” loosely). VTI is also known as a mutual fund under VTSAX (3K initial investment). Note there used to be a VTSMX with a 3K initial investment and slightly higher fees, but Vanguard did away with VTSMX and now there is only VTSAX (it’s all the same, and all VTSMX holdings were converted to VTSAX).  Now let’s get back to discussing this one egg concept…

Continue reading
Reading time: 10 min
Life Money Relationships

Find Your Why… For FI

My pursuit of financial freedom started in my 20’s (30 years ago). I did not know anything back then about FI or FIRE, or one of the original books on all of this… “Your Money or Your Life”. I simply didn’t want to have to work and be controlled like my father was at his jobs. My father served in Vietnam in the 101st Airborne in his early 20’s. After that, with his jobs, he pretty much got up to an alarm at 5am for almost 50 years until he died. While I deeply respected my father’s hard work and sacrifices (I’ve never known anyone who worked harder), I wanted more, and I wanted to not be a slave to an alarm clock for the rest of my life.

Fast-forward to 2012, I was finally making some good money after 20+ years of hustle (200+K of profit). I was technically a millionaire on paper by then due to my software subscription business model (X multiplier of net profit with recurring revenue), but I certainly didn’t feel like it. Just a few years prior I was paying off IRS debt (that’s another long story), and I had zero savings. Yes, you read that correct, zero.

Continue reading
Reading time: 9 min
Business Hard Work Inspiration

Don’t Set Your Goals Too High

What Do You Mean Don’t Set Goals Too High?

I am all for setting big goals, but goals should not be impossible. Furthermore, you can be a big success with small goals. Let me give you some examples…

You don’t have to have the success of Warren Buffett (Berkshire Hathaway) to be considered a success in investing. 

You don’t have to have the success of Bill Gates (Microsoft) to be considered a successful software entrepreneur.

You don’t have the success of Mark Zuckerberg (Facebook) to be considered successful as an app maker.

You don’t have to own as much land as Ted Turner (he also created CNN/TNT/TBS) to be considered a success in real estate.

You don’t have to sell as many books or have as many podcast downloads as Tim Ferris to be considered successful in media.

Continue reading
Reading time: 4 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

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
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
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

  • Mr. Hobo Millionaire on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Charlie @ doginvestor.com on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Mr. Hobo Millionaire on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Charlie @ doginvestor.com on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Mr. Hobo Millionaire on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • BuddMann on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • 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.

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