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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
Mar 11
I found a guy who goes around asking millionaires:

• How they got rich
• Their best financial advice
• How to succeed in business

To no surprise… they all have amazing answers.

Here are my top 8: Image
Image
1.
2.
Read 13 tweets
Mike Hoffmann Profile picture
Feb 28
One of my smart coolers makes $5,000/month.

And it's completely automated.

• No employees
• No restocking headaches
• Just passive income while I sleep

Here's exactly how I did it (& how you can too): Image
1. What's a smart cooler?

Think luxury vending, but better:

• Locked door with card reader
• AI cameras track what you grab
• No scanning or checkout needed
• Completely automated inventory

Way more advanced than old school vending machines.
2. Location is everything.

I found my $5k/month spot through cold outreach:

• Luxury apartment complex
• Next to a college campus
• High foot traffic 24/7
• Perfect for late night munchies

The best part?

Students don't think twice about convenience.
Read 12 tweets
Mike Hoffmann Profile picture
Feb 18
This Micromarket makes $17,000/month.

The crazy part?

It requires 0 employees.

Even better?

You can start one with $0 down.

Here's exactly how I did it (and how you can too): Image
1. First, let me explain what a Micromarket is.

I used to think vending was just snacks & sodas.

But Micromarkets changed everything:

• Way bigger than regular vending machines
• Multiple shelves & coolers
• Can stock fresh food, drinks, & essentials
• Completely automated with AI cameras
2. Location is everything.

I found my $17k/month location through cold outreach.

The perfect spot?

A luxury apartment building that:

• Has short-term rental units
• Caters to business travelers
• Gets constant foot traffic 24/7

These travelers expense everything - perfect for high sales.
Read 10 tweets
Mike Hoffmann Profile picture
Feb 17
5 years ago I placed my first vending machine.

Now I have 50+ machines that pay me $25,000/month profit.

Here are 7 vending tricks I wish I knew before I started: Image
Image
7. Every location is a lead.

Just because a location already has a vending machine, doesn't mean they're happy with it.

Myself & Vendingpreneurs have had a ton of success with locations that already have machines but they're:
• Outdated
• Unhappy with the service
• Looking for a modern upgrade

A lot of these places aren't happy with their current vending situation.

So don't count them out.

Always ask & explain the benefits of your modern, luxury machine (Smart Coolers, Micromarkets, etc)
Read 12 tweets
Mike Hoffmann Profile picture
Feb 14
I noticed a dying vending machine at my gym.

Asked if I could replace it with mine…

6 months later:

$11,400 profit without leaving my house.

Here's the exact system I used (costs less than $380): Image
Image
1. Finding the Opportunity

I noticed something at my local gym:

They had a vending machine, but nobody used it.

So I spoke to the owner about replacing it with mine.

The pitch?

Stock it with protein snacks & energy drinks.
2. Making the Deal

His first question:

"What do we get out of this?"

My offer was simple:

• I handle all maintenance
• Pay them 5% of the profits
• Keep their members happy

He said yes immediately.
Read 12 tweets
Mike Hoffmann Profile picture
Feb 12
My 51 vending machine route made $445,345 last year.

It took me 5 years to scale.

But you can do it in less than 2 weeks…

Here's how you can find a route, buy it, & make 6-figures/year from it: Image
Image
1. Finding Routes

First, search these platforms:

• Facebook Marketplace
• Craigslist
• BizBuySell
• Local listings

Pro tip:

Ask property managers for their current vendor's contact info.
2. Location Analysis

Two things matter:

The location:

• Consistent foot traffic
• Professional environment
• Limited food options nearby

The machines:

• Working condition
• Payment systems
• Age & maintenance
Read 11 tweets

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