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Starting and Scaling a Vending Machine Business
This chapter explores the financial performance of a children's vending machine business, covering initial revenues, startup costs, and the challenges encountered. Additionally, it provides insights into the Turo car rental market, focusing on strategies for successful vehicle sourcing and investment.
Have you ever wondered what it really takes to build passive income? In this episode, Russ and Joey pull back the curtain on their latest passive income report, breaking down real numbers, wins, and lessons learned from multiple income streams, including a new vending machine business, expanding Turo car rentals, and tough decisions in real estate investing.
From teaching their daughters about entrepreneurship to deciding whether to sell a 23-year-old rental property, they cover the good, the bad, and the ugly of real-life investing.
If you want to accelerate your financial freedom, you can get valuable insights from today's conversation.
Top three things you will learn:
-What strategies are working (and what’s not)
-How to involve family in entrepreneurship and financial education
-Selling vs. holding a long-term rental property
January 2025 Income At-A-Glance:
-Gross Income for January: $48,892.83
-Total Expenses for January: $20,355.54
-Total Net Profit for January: $28,458.11
-Difference b/t December & January: ($19,447.86)
-% of net profit to overall gross revenue: 58%
For Accredited Investors Who Want to Invest With Us:
-Email: info@wealthwithoutwallstreet.com (Reply: Accredited)
The Art of Passive Income Podcast by The Land Geek:
-https://www.youtube.com/playlist?list=PLgqpzGRlkzzF9aYUSs96e5GQmL6hRzg6T
Turn Active Income Into Passive Income:
-https://wealthwithoutwallstreet.com/pios
Book Your Free Passive Income Game Plan Session:
-https://wealthwithoutwallstreet.com/freecall
Join the Inner Circle Live Waitlist:
-https://www.wealthwithoutwallstreet.com/live
IBC Webinar:
-https://wealthwithoutwallstreet.com/ibc
Wealth Without Wall Street New Book:
-https://wealthwithoutwallstreet.com/newbook
Access our Free Financial Scorecard:
-https://wealthwithoutwallstreet.com/scorecard
How to Start a Vending Machine Business, Cost, Tips, How Much You Make with Michael Hoffmann:
-https://www.youtube.com/watch?v=73Xwu2tHhwI
Build Passive Income with Vending Machines:
-https://wealthwithoutwallstreet.com/vending
Explore the World's Largest Car Sharing Marketplace:
Learn How to Invest in Real Estate with The Land Geek:
Join the Wealth Without Wall Street Community:
-https://wealthwithoutwallstreet.com/community
Take the Financial Freedom Analyzer:
-https://wealthwithoutwallstreet.com/quiz
Subscribe to Our YouTube Channel:
-https://youtube.com/@WealthWithoutWallStreet
Check Out Our Monthly Passive Income Reports:
-https://wealthwithoutwallstreet.com/passive-income
Discover Your Path to Financial Freedom:
-https://wealthwithoutwallstreet.com/passport
Apply to Join the Passive Income Mastermind:
-https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind
How to Buy Online Businesses for Profit:
-https://wealthwithoutwallstreet.com/freedomnavigator
Freedom Travel Support System:
-https://freedomtravelsystems.com/www
Join Our Short-Term Rental (STR) Course:
-https://wealthwithoutwallstreet.com/strcourse
Invest With Your Friends and Family:
-https://tribevest.com/partners/wwws
STACK Candles:
Create a Six-Figure Side Hustle in Peer-to-Peer Car-Sharing:
-https://wealthwithoutwallstreet.com/cars
Join the Wealth Without Wall Street Affiliate Program:
-Email - info@wealthwithoutwallstreet.com and say: I have to be in your Affiliate Program because I believe in what you're doing.
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Listen to the best highlights from the podcasts you love and dive into the full episode