Mr. Hobo Millionaire

GoFundMe Is Not A Financial Plan

A couple of weeks ago, I ran across a story of a semi-famous radio host who had passed away. I didn’t know him, and I had never heard of him, even though many seem to know him. I’m not going to mention his name, because I won’t be pointing out very kind observations about him and his life.

The reason he jumped out at me was because of how many people have talked about the impact he had on their lives. He evidently spoke a lot about small business and entrepreneurship.

What others said about him…

I highly respected [person], listened to him every morning when he was on [radio station]. I spoke to him both on the radio and in person more than once. 

[Person] taught me a ton! Will be greatly missed…

Your heart toward small business and entrepreneurs was incredible. Someone should start a [The Person] Foundation, whose sole purpose is to help, encourage, and support small business and entrepreneurs.

What does this have to do with GoFundMe and Financial Planning?

He apparently had no net worth and no life insurance in place.

Yes, you read that correctly.

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