Exactly what i have been looking for. You are the best!

Thanks.

Hey, thanks for the questions. I got a degree in marketing when I was in school, but I don’t really think the specific degree is as important as the college experience itself. I probably benefitted most from accounting, economics, and management classes.

I work a day job, but it’s pretty sweet. I teach real estate investing for a very like-minded company that lets me have some flexibility to do my own thing.

I buy candy machines from this company called Amerivend in Los Angeles. They have great triple-vend machines.

Thanks again!

Hi Brian, did you go to college and what were you studying? where do you buy your candy vending machines? Are you currently working a day job or are your multiple passive incomes covering enough for you? Your articles are interesting.

thanks!

Passive Income is a great idea, if managed correctly. I’m only 18- still in High school, I’ve been discussing with my Boyfriend doing something to get a passive income- like a small vending machine thing or ATM’s during our college years so it’s picked up when we are actually working. Some day (not too soon- but maybe when we’re ready to retire) the passive income can continue and we’d be set- assuming all my research and calculations are correct.

18 is a great place to start! At your age, bulk vending is a good place to start because it is not very expensive and can teach you the basics.

By the way, check out my article on “What I Would Tell Myself if I Were 18 Again.“

What about something where like you start a company, and have to do all the work yourself (not very passive at all) but you can grow it to the point that you hire someone, and then another someone, then someone to manage the two someones, etc.?

Passive income can work, and work well. People do make fortunes on the net, but they tend to be the people who’ve done their homework, and know what will sell and generate income.

thanks. good article

[...] Brian Lee, on Genius Types: Passive Income Strategies. [...]

[...] Passive Income Strategies [...]

Yes,I service the machines myself; and I’ll continue to do so until my time is worth more than $50-100 an hour.

On your real estate question, yes passive income is what is left over after you pay all of your expenses including unexpected ones like maintenance and vacancy.

Do you go on a trip and service and fill all the machines yourself, or do you have people who work for you do it? Also for example in real estate if you had some rental properties when calculating passive income would that just be your profit from the houses, and expenses for the houses would include property taxes on each house and maintenance as well right? Thanks.

When your passive income exceeds your expenses is that considered financial freedom? If your passive income decreases for instance with rental property do you just get more?
How do you make sure no one takes your machines if they are not attached to the floor? Do you have more than one machine per location? Thanks.

Yeah, I would define financial freedom as passive income exceeding expenses.

If your passive income decreases, you need to adjust. No income is completely passive. You always need to keep an eye on it.

I have almost 50 machines and I’ve never had one stolen. I’ve had one vandalized, but not taken. That being said, I fully expect one to get stolen some day. That’s just the cost of doing business.

I have a few locations with more than one machine. My best location sells out two machines a month.

Hi Brian,

Nice article on passive income and everything, have any advice for the less creative person? I have read all your articles thus far on passive income and was wondering do you enjoy the business of vending machines? On a related note if you get a vending machine and you find a possible location do you have to physically attach the bottom of the machine to the road or floor or whatever? Thanks.