Passive Income with Vending Machines | Mike Hoffmann
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! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)