Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more from just $11.99/month.

Passive Income with Vending Machines | Mike Hoffmann

UNLIMITED

Passive Income with Vending Machines | Mike Hoffmann

FromThe Financial Independence Show


UNLIMITED

Passive Income with Vending Machines | Mike Hoffmann

FromThe Financial Independence Show

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!

>> 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)

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The FI Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.