42 min listen
Passive Income with Vending Machines | Mike Hoffmann
Passive Income with Vending Machines | Mike Hoffmann
ratings:
Length:
46 minutes
Released:
Jun 28, 2023
Format:
Podcast episode
Description
Have you always dreamed of owning a vending machine business?
Probably not but Mike Hoffmann aka Mr. Passive is here to tell you why you absolutely should.
Mike's passive income journey started at the time when he was working a 60-hour week job that paid him only $1,200/month.
He then started experimenting with rental properties, Bitcoin mining, and a bunch of other income streams.
One of those income streams quickly became his favorite: vending machines.
Vending machines are an often overlooked but extremely powerful passive income source to fuel an early retirement.
Mike walks us through the types of machines to use, the profit margins, how to stock them, how to land a deal with a location, how to hire help, and even how you can start one of these businesses with just a couple hundred dollars.
He's been able to build a vending route that includes over a dozen machines and thousands of dollars in profit each month.
If you're interested in getting your vending machine journey, Mike also offers a coaching program to help you get started with step-by-step instructions.
FI Show listeners get $190 off Mike's Vending Accelerator program with code FISHOW10
If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!
Links From the Episode
Mike's Website
Mike's Twitter
Vending Machine Business Accelerator (use code FISHOW10)
YouTube Interview
https://youtu.be/vHVQ6PtS-Ig
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFiShow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
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Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
Probably not but Mike Hoffmann aka Mr. Passive is here to tell you why you absolutely should.
Mike's passive income journey started at the time when he was working a 60-hour week job that paid him only $1,200/month.
He then started experimenting with rental properties, Bitcoin mining, and a bunch of other income streams.
One of those income streams quickly became his favorite: vending machines.
Vending machines are an often overlooked but extremely powerful passive income source to fuel an early retirement.
Mike walks us through the types of machines to use, the profit margins, how to stock them, how to land a deal with a location, how to hire help, and even how you can start one of these businesses with just a couple hundred dollars.
He's been able to build a vending route that includes over a dozen machines and thousands of dollars in profit each month.
If you're interested in getting your vending machine journey, Mike also offers a coaching program to help you get started with step-by-step instructions.
FI Show listeners get $190 off Mike's Vending Accelerator program with code FISHOW10
If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!
Links From the Episode
Mike's Website
Mike's Twitter
Vending Machine Business Accelerator (use code FISHOW10)
YouTube Interview
https://youtu.be/vHVQ6PtS-Ig
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFiShow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
Released:
Jun 28, 2023
Format:
Podcast episode
Titles in the series (100)
006 | Casually Saving 90% of Your Income | Lily @ The Frugal Gene: In today's episode, we get a chance to talk to Lily from The Frugal Gene about her accelerated path to financial independence. By choosing to avoid lifestyle inflation, Lily and her husband are able to save 90% of their income. by The Financial Independence Show