logo
episode-header-image
Mar 2021
51m 34s

From Humble Immigrant Roots To Creating ...

Matt Aitchison
About this episode

In this episode of the Millionaire Mindcast, we have an impressive guest, Tom Hoban who shares value and wisdom on conquering fears, the importance of natural humility and curiosity, risk and return equation, how to handle results during quick decision-making, and his impressive family core values!

Tom Hoban is Chairman and co-founder of Hoban Family Office, a platform for innovation (Coast Innovation Center), talent development, and leadership in service to the Coast Group of Companies, a diversified group of Today, The Coast Group is one of the region’s largest and most respected real estate services firms of its kind, managing more than $5B in real estate assets (multi-family, office, flex, mixed-use, self-storage, retail, industrial) with a service offering to property owners, franchisors, investors, and developers across the U.S.

Despite financial challenges, and being from a family of classic American immigrants, Tom was able to finish school without debt. Together with his brother, they started their entrepreneurial career as a partner in their 20s. Through their natural leadership skills, currently, they own a property management company. Being a humble servant leader, with innate confidence, and charisma helps them succeed in business.

With all the ups and downs, Tom believes that humans should be supposed to be afraid of stuff, but not supposed to be frozen by it. Therefore, people should understand how to measure risk. With natural curiosity and humility, people will get success. But then if you fail, stand up, get back to the basics, and do what you need to do.

Just never forget to live with the results on whatever decision you’ve made!

Some Questions I Ask:

  • Where did your entrepreneurial and wealth-building journey start on? (01:34)
  • Is confidence something that you cultivated over time or was just natural for you? Where did that come from? (04:23)
  • Were you guys the first-generation entrepreneurs in your family? (07:16)
  • How have you always processed and handled fears as it shows up in your life? (09:56)
  • When did you feel it was time to really start taking some big risks? How do you discern against what you put your time or money into in terms of that risk rewards scenario?  (13:53)
  • Why did you guys decide to do the family office? What are the goals and visions? (30:49)
  • How do you characterize what a family office is, and what that model is? (35:55)
  • What do you say to people that want to build and grow their wealth, and want to pass it down to their kids? (40:24)

In This Episode, You Will Learn:

  • Matt greatest lessons in life (09:03)
  • Risk and Return Equation (11:14)
  • A trait for early entrepreneurs to expect success (20:26)
  • Handling results on velocity decision-making (26:28)
  • Tom final thought (45:17)

 Quotes:

  • “You’ve got to have a lot to be able to succeed in business.”
  • “Fear is an underrated emotion.”
  • “Human, we’re supposed to be afraid of stuff, we’re not supposed to be frozen by it.”

Connect with Tom Hoban on: 

Hoban Family Office

LinkedIn

Sapiens book by Yuval Noah Harari   

Up next
Yesterday
Tariffs, Trust, and Real Estate Trends: Bold Moves, Backlash & Baby Bonds | Money Moves
In this post–Fourth of July breakdown, Matty A and Ryan dive into a fiery mix of politics, policy, and financial strategy. From the potential September rate cuts and a sluggish real estate season to massive institutional plays and controversial political shifts, the guys don’t ho ... Show More
39m 37s
Jul 7
How To Setup and Structure Your Investing Entities For Maximizing Tax Benefits and Protecting Your Wealth | Jonathan Feniak
In this value-packed episode, Matty A. is joined by Jonathan Feniak—attorney, educator, and founder of LLCAttorney.com—to walk through the essential strategies behind smart entity structuring. Jonathan breaks down everything from LLCs, S Corps, and C Corps, to revocable living tr ... Show More
45m 38s
Jul 4
Trump’s Gift To Investors - Big Win For Real Estate Investors Under Trump’s Big Beautiful Bill | Wise Investor Segment
In this episode, Matty A. breaks down the new “One Big Beautiful Bill”—recently passed Congress and on its way to being signed—focusing on the massive upside it offers for real estate investors. From the restoration of 100% bonus depreciation on CRE assets to higher SALT deductio ... Show More
10m 27s
Recommended Episodes
Jan 2024
Does Your Family Business Have a Succession Plan?
Rohit Gera had turned his family’s boutique real estate development firm into a dynamic housing solutions innovator for urban Indian families. But as he prepared to retire, Gera had to decide who would take over for him. Should he define a strategy for future growth and pick a su ... Show More
29m 10s
Mar 2021
98: Build a Big Life, Not Just a Big Business: Advice from The Hosts of The Empire Building Podcast
How do you build a business that ties in healthily with your life? While you’re trying to bring in millions in revenue, are you there for your children, your spouse, your loved ones, or even yourself? If not, why are you building the business at all? This was a main topic of disc ... Show More
1h 12m
Jan 2024
How To Make A Million, Net A Million, Pay A Million, And Comfortably Donate A Million (Per Year) w/ Ben Kinney
What does it take to build a business empire worth over a hundred million dollars? (REPLAY) Join us as we sit down with the incredibly successful entrepreneur, Ben Kinney, who shares his insights on wealth building, business ownership, and the importance of giving back. From his ... Show More
49m 31s
Nov 2023
#21 - Family & Seasons
Welcome to another episode of the Natural Born Leader Podcast! Today, I want to touch on an important point: family. Between the hustle and success, it's crucial to maintain strong ties with the people you love. I share my personal reflection on the impact of family relation ... Show More
14m 28s
Oct 2020
#342: Behind-The-Scenes With My Mentor, Michael Hyatt: Why Entrepreneurs Will Save The World
Entrepreneurship has been declining in recent years. Uh oh! I, for one, do not like the sound of that. However, after chatting with my dear friend and business mentor, Michael Hyatt, I’m starting to see how we can reverse this trend and why it’s most important that we do. Michael ... Show More
39m 11s
Jul 2024
What Are You Willing to Sacrifice to be Wealthy? with Scott Galloway
Young people these days talk about wanting balance in their lives.  Well according to Scott Galloway, that means you don’t want to be rich. Building wealth is no easy feat. It requires determination, hard work and sacrifice. But luck plays a huge role too. Scott shares stories wi ... Show More
44m 52s
Apr 2024
CEO of 1800-GOT-JUNK? Shares How To Grow a Business To Hundreds of Millions
In this episode, you'll hear from Brian Scudamore, the visionary CEO behind the incredible success of 1-800-GOT-JUNK?. Tune in, as Brian addresses questions from participants, offering practical advice and inspiration for entrepreneurs aiming to take their ventures to the next le ... Show More
11m 11s
Dec 2023
Becoming One of Zero (w/ Tom Bilyeu) Pt. 2 - Sept. '23 | Ep 643
“It's really about being beyond definition, writing your own path, you know, keeping promises in a world that breaks them.” Today, join Alex (@AlexHormozi) as he guests on Tom Bilyeu’s Podcast Impact Theory to discuss various facets of entrepreneurship, business strategies, and b ... Show More
1h 33m
Mar 2023
Ep.32 So You Want To Start a Business? Listen To This First. Will Stirrup: Founder of Maeving
Will Stirrup is the Co-Founder of Maeving, the UK’s first electric motorcycle manufacturer, but after going totally bankrupt in his first year as an entrepreneur, Will’s journey is one of honesty, realism and business burnout. Raised in South Africa, Will came to the UK for unive ... Show More
56m 18s