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Mike Hoffmann Profile picture
@MrPassive_
Aug 6 • 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
Aug 5
I’ve grown my vending business from 0 to 50 machines in 4 years.

Here’s every tip I can think of to help you do the same:

1. Finance machines for $0 down & pay them off using the sales your machine makes.

Here’s how:
Image
Image
• Secure your location
• Buy a machine from a site/company that allows financing (Evending & Vendingconnection)
• Pay $0 for a machine
• Pay off the machine monthly using profits

I still do this today even at 50 machines.

Eliminates any “risk” there might be.
2. 15 vending locations you have in your city:

Hotels
Warehouses
Car dealerships
Train/Bus stations
College campuses
Senior care facilities
Apartment complexes
Manufacturing facilities
High-foot traffic businesses
Offices with 100+ employees
Medical centers with 3+ floors
Read 17 tweets
Mike Hoffmann Profile picture
Aug 2
The future of vending machines:

Smart Coolers.

I have 5 that each make $2,000+/month.

Here's a full breakdown of everything you need to know (& how to place your own): Image
Instead of only holding drinks & snacks…

Smart Coolers have a cooling system that allows you to place items like:

• Salads
• Cold drinks
• Sandwiches

More options = more money.

Here’s a cool video of how they work:

(Scroll down for how to place your own)
1. Find a location.

People are loving these machines right now.

So it's not hard to find a location to place one.

You want to target locations that have high foot traffic.

Places like:

• Office buildings
• Apartment complexes
• Manufacturing facilities
Read 16 tweets
Mike Hoffmann Profile picture
Jul 30
The best business model for 2024:

Vending machines.

They’ve completely changed my life in < 4 years.

10 reasons you need to start your own vending business: Image
These reasons come from the Vendingpreneurs community.

We just passed 400 members.

All different types of people:

• Parents
• Teachers
• NFL & NCAA coaches
• Government employees
• Tech engineers, attorneys & accountants

Here’s why they all started their own vending biz: Image
10. Time with family.

This is my favorite thing about vending.

Working a 9-5 doesn’t allow for much time with your kids.

But a successful vending business only requires 3-5 hours of work per week.

This is one of the main reasons I started my vending journey.
Read 14 tweets
Mike Hoffmann Profile picture
Jul 29
The biggest lie I hear:

"Vending machines aren't profitable"

But that's not true...

Here are 6 tricks I use to get 50-70% profit margins for my 50 vending machines:
Image
Image
6. Price products to have a 2-4x return.

The best part about placing a vending machine:

You get to set the prices.

& little to no competition allows for premium pricing.

Not to mention, customers are always willing to pay more for convenience.
5. Buy products in bulk from Costco or Amazon.

Bulk buying lowers the cost per unit.

Which increases profit margins.

The bigger the bulk purchase, the higher the profit margin.

Costco & Amazon are my go-to's for this.
Image
Image
Read 10 tweets
Mike Hoffmann Profile picture
Jul 22
I’ve never done this before…

I documented the first 30 days after placing a new vending machine.

I revealed everything:

• The tricks I use
• How much it costs
• How much money it's made

Here are the top 10 videos: Image
1.
2.
Read 14 tweets
Mike Hoffmann Profile picture
Jul 17
The future of passive income:

Micromarkets.

• 0 employees
• High profit margins
• Unlimited earning potential

One of mine made $13,000 in the last 30 days.

Here's a full breakdown of everything you need to know (& how to place your own): Image
I have 4 Micromarkets.

They’re basically a larger vending machine.

Instead of 1 regular machine...

They have multiple shelves & coolers.

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.

Micromarkets are in high demand right now.

I’ve placed 4 myself & 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 14 tweets

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