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Mike Hoffmann

@MrPassive_

Apr 9, 2024 • 16 tweets • 4 min read • Read on X

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I found a guy who goes around the US asking 70 to 100-year-olds their:

• Biggest Regrets
• Biggest Lessons
• Advice to their younger self

Oddly enough, most of their answers are the same…

Here are my top 8:

Bonus (he’s 63).

Notice how they all say what's most important/they regret not prioritizing is:

• Health
• Family time
• Experiences
• Relationships
• Enjoying each day

& they realized money & working hard is not important...

Thankfully, I've realized this at 34.

Which is why I retired from my 9-5 at 30 & now spend my time:

• With my daughters & wife
• Prioritizing health
• Traveling

My biggest fear is having regrets at 70-100 years old.

I'm living my life now so that won't be a problem.

What are you scared of regretting when you're older?

If you enjoyed this & want more content like it...

Follow me @MrPassive_.

S/o to yairbrachiyahu on TikTok for these amazing interviews!

If you want help starting your Passive Income journey in addition to your
9-to-5...

DM me "Passive" and let's chat. 🥤

@YairBrachiyahu

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More from @MrPassive_

Mike Hoffmann

@MrPassive_

May 16

The secret to a 6-figure vending business:

High level locations.

After placing 75+ vending machines...

Here are the 5 WORST vs 5 BEST vending locations that will make or break your business:

The 5 WORST places to put your vending machines:

1. One-chair barbershops

The traffic just isn't there.

I learned this the hard way.

A location with only a handful of customers per day won't generate enough sales to even cover your gas to restock it.

2. Car wash bays

The humidity destroys your machine's electronics and ruins your product.

Water and electronics don't mix - you'll spend more on maintenance than you'll make in profit.

Read 15 tweets

Mike Hoffmann

@MrPassive_

May 13

The key to creating true freedom:

Boring businesses.

If you want to start a real, reliable business…

Here are the 8 best boring businesses anyone can start in 2025:

1. Storage Facilities

People will always need extra space for their stuff.

All you have to do is provide storage…

& you can enjoy your low-maintenance, scalable income

2. Laundromats

A timeless passive income business.

Clean clothes are always in demand

• Set up machines
• Automate processes
• Enjoy steady cash flow

Read 14 tweets

Mike Hoffmann

@MrPassive_

May 12

Don’t spend $3,000 on the newest MacBook.

Instead, invest in a Smart Cooler that can pay you $3,000 every month.

(I own 5 of these that each make ~$3k/month)

Best part?

No big down payment needed.

Here's how you can start yours:

What is a Smart Cooler?

They’re basically modern versions of a vending machine.

They're also a lot bigger...

This means instead of just chips & soda, you can stock:

• Salads
• Smoothies
• Sandwiches

& make a lot more money.

Here’s how:

1. Find a location.

Unattended retail is in high demand right now.

I’ve placed 5 & have helped countless others place their own.

You want to target locations that have high foot traffic.

Places like:

• Office buildings
• Apartment complexes
• Manufacturing facilities

Read 15 tweets

Mike Hoffmann

@MrPassive_

May 1

Don’t spend $5,000 on a nice watch.

Instead, invest in a Micromarket that can pay you $5,000 every month.

(One of mine makes $17k/month).

Best part?

No big down payment needed.

Here's how you can start yours:

1. What are Micromarkets?

Micromarkets are the future of passive income.

They're basically high-end vending machines:

• 0 employees needed
• High profit margins
• Unlimited earning potential

I've placed 5 myself & helped countless others do the same.

Now, to get started…

2. You first need to find the perfect location.

Look for high-traffic areas like:

• Office buildings
• Apartment complexes
• Manufacturing facilities

Reach out to property managers by email, phone, or in person.

Read 10 tweets

Mike Hoffmann

@MrPassive_

Apr 23

You can start a vending machine business with < $500 & scale it to 50+ machines in 4 years.

(I did this)

Here's your exact blueprint for 2025 (Updated):

1. Start smart, not big.

Less than $500.

That's all you need to start a 6-figure vending business.

Don’t go overboard here.

Here's how to get your first machine with $0 down:

2. The golden rule of vending:

First of all…

Don't buy a machine until you have a location secured.

Focus on finding the right spot first.

Otherwise, you're making payments on a machine collecting dust in your garage.

Read 13 tweets

Mike Hoffmann

@MrPassive_

Apr 22

Passive income will set you financially free.

Yet 99% of people don't know how to start...

Here are the 10 best options for 2025:

1. Laundromats

A timeless passive income business.

Clean clothes are always in demand

• Set up machines
• Automate processes
• Enjoy steady cash flow

2. Ice machines

Place ice vending machines in high-traffic areas and watch the quarters add up.

• Low-maintenance
• Perfect for hot climates
• Great for busy locations