Nikonomics - The Economics of Small Business

67 - How to Use Side Hustles to Escape Corporate Life with Mike Hoffman

Oct 7, 2024
Guest
Mike Hoffman
In this engaging discussion, Mike Hoffman, a serial entrepreneur and passive income expert, shares his inspiring journey from assistant coach to successful investor. He reveals how he scaled his vending machine business to 64 locations and discusses the diverse income streams he’s developed, including Airbnbs and crypto mining. Mike also candidly talks about the challenges he faced, essential strategies for transitioning to passive income, and his ambitious goal to build a $100 million empire by 2028.
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Episode notes
1
Intro
00:00 • 2min
2
Creating Passive Income: A Journey to Financial Independence
01:54 • 3min
3
Understanding the Challenges and Dynamics of Bitcoin Mining
05:10 • 2min
4
Transitioning from Corporate Life to Passive Income Ventures
06:58 • 3min
5
From Machines to Income: The Vending Journey
09:36 • 17min
6
Revolutionizing Side Hustles: The Future of Vending
26:45 • 11min
7
The Future of Convenience: Automation and AI in Business
38:11 • 2min
8
Setting Ambitious Goals and The Power of Networking
40:04 • 3min