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Mike Hoffmann Profile picture
@MrPassive_
Aug 6, 2024 • 14 tweets • 3 min read • Read on X
Scrolly
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 7 (Part 2):
Image
Image
7.
6. This ones from part 1.

But it was just too good not to include.
5.
4.
3.
2.
1.
If you want help starting your Passive Income journey in addition to your
9-to-5...

DM me "Passive" and let's chat. 🥤
I know I said this in part 1…

But 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. Image
What are you scared of regretting when you're older?

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

Follow me @MrPassive_
Check out part 1 here:

& S/o to @YairBrachiyahu for these amazing interviews!

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More from @MrPassive_

Mike Hoffmann Profile picture
Apr 14
The ultimate recession-proof business:

Smart Coolers & Micromarkets.

• Open 24/7
• 0 Employees
• Sells food, drinks, & necessities

I own 50 of these & make $25k/month profit.

Here's exactly how you can start your own: Image
Image
1. What is a Micromarket?

Think vending machine meets convenience store.

Micromarkets are:

• Unattended retail spaces
• Self-checkout systems
• Stocked with products people need daily

They're perfect for apartments, offices, gyms, and hospitals.
2. Why They're Recession-Proof

People always need food & drinks.

In economic downturns, they actually perform better because:

• Open 24/7 = maximum revenue potential
• No employees = no payroll concerns
• Small footprint = low overhead costs

Regardless of the economy, people still need to eat & drink.
Read 12 tweets
Mike Hoffmann Profile picture
Apr 11
This vending machine makes me $1,200/month.

But instead of me splitting profits with the owner...

He actually pays me to have my machine at the location.

I wasn't going to reveal this strategy…

But here it is:

🧵 Image
Here's the breakdown:

• Revenue: $1,200/month
• Cost of Goods: $360
• Software & transaction fees: $120
• Operator: $120
• Profit: $600/month.

I don't pay rent or split profits with the owner.

In fact…
He pays me an extra 50% for every unit sold.

Instead of charging employees full price…

He covers 50% of the cost so they can get drinks at half price.

For example:

If a Monster costs $4, the employees pay $2.

Then the owner pays me the remaining $2.
Read 13 tweets
Mike Hoffmann Profile picture
Apr 9
There are 2 fundamentally different types of happiness:

1. Hedonic (pleasure)
2. Eudaimonic (meaning)

Most people chase the wrong one…

& it costs them everything.

Understanding the difference will transform your approach to life: 🧵 Image
You can see this paradox everywhere:

• The millionaire who's deeply depressed
• The celebrity who struggles with addiction
• The social media star who feels completely empty

Why is this?

They’ve chased hedonic happiness while neglecting eudaimonic fulfillment.

Let me explain…
1. Hedonic happiness is about immediate pleasure.

It's things like:

• A great meal
• A new purchase
• A weekend getaway

It feels good in the moment, but it fades quickly, & you're left wanting more.
Read 12 tweets
Mike Hoffmann Profile picture
Apr 2
Naval just spent 3 hours with Chris Williamson.

They discussed exactly how to find true wealth, freedom & happiness.

This conversation will change your life…

Here are the 8 best takeaways: Image
1. What Is Happiness?
2. How To Raise Your Self-Esteem:
Read 12 tweets
Mike Hoffmann Profile picture
Apr 1
This is Michael Jordan.

His Nike shoe deal makes him $400,000,000/year in passive income.

I'm no NBA legend...

But I make $300,000+/year passively.

Here's how I did it as a normal guy: Image
1. I Started With One Vending Machine

I bought my first vending machine and placed it in an apartment complex lobby.

• I financed it with $0 down payment
• I stocked it with snacks, energy drinks, and water

That first machine started generating profit from day one. Image
2. I Reinvested The Profits

Instead of spending the money, I saved every dollar.

I used the profit to buy another machine.

Then another.

And another.

I kept stacking machines until I had a small route.

It didn't happen overnight, but persistence was key. Image
Read 9 tweets
Mike Hoffmann Profile picture
Mar 31
I grew my vending business to $25,000/month in 2024.

If I had to start over from 0 & wanted to do it again in 2025…

Here’s exactly what I’d do (Bookmark This): Image
Image
1. Find a location in my city.

I’d google the following locations within 30 minutes of me:

• Apartment complexes
• College/University campuses
• Businesses with 100+ employees

& make a list of each one's email/phone numbers.

After I make my list, I’d move on to step 2:
2. Call/Email my list.

Ideally, I’ll have a list of 50-100 locations from step 1.

I’d start calling and/or emailing each location.

I’ll simply introduce myself & ask 3 questions:
Read 17 tweets

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