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67 - How to Use Side Hustles to Escape Corporate Life with Mike Hoffman
Manage episode 443943440 series 3591759
Nikolas Hulewsky에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Nikolas Hulewsky 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Mike Hoffman (https://x.com/MrPassive_) to discuss his journey from being an assistant coach to building a diverse portfolio of passive income streams. Mike shares how he transitioned out of corporate life by investing in vending machines, Airbnbs, and even crypto mining.
We also talk about how his vending machine business scaled to 64 locations, his involvement in real estate, and his vision of creating a $100 million empire by 2028. Mike opens up about the challenges he faced, the mistakes he made, and what he learned along the way.
Follow Mike for more:
https://www.instagram.com/mikedhoffmann_/
https://x.com/MrPassive_
https://www.mrpassive.com/
https://vendingpreneurs.com/
Questions this Episode Answers:
- How can vending machines generate passive income?
- What steps are needed to transition from a job to earning income passively?
- How do you scale from one vending machine to dozens?
- What are the keys to building passive income through real estate?
- How can you leverage systems to build income streams with minimal effort?
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Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts.
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This week we covered:
00:00 Highlights
00:52 Welcome to Nikonomics
01:02 Meet Mike Hoffman: The Passive Income Expert
02:36 Mike's Journey from Coach to Entrepreneur
03:27 Diverse Income Streams: Real Estate, Vending, and More
04:22 Challenges and Strategies in Crypto Mining
07:03 Building a Passive Income Empire
09:35 The Vending Machine Business Model
12:40 Scaling and Systematizing Vending Operations
18:59 Community and Coaching for Aspiring Entrepreneurs
20:29 The Disruption in the Vending Machine Industry
21:18 Real Estate and Vending Machines: A Parallel
21:48 Expanding Vending Routes in Chicago
22:41 Building a Vending Community
23:24 The Business Model and Revenue Streams
24:25 Challenges and Opportunities in Vending
33:34 Innovative Vending Solutions
37:12 Future of Vending and Micro Markets
37:44 Rapid Fire Questions and Insights
42:14 Final Thoughts and Contact Information
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