Borrowing $5,000 for a Vending Machine? The One Number I’d Check First
Before borrowing for a $5,000 machine, I run one ratio: what it nets on a bad month divided by the payment. Why the 0% card often fails that test.
Money
Is It Better to Start House Hacking or Rent An Apartment?
The decision between house hacking and renting an apartment depends on your personal circumstances, financial situation, and lifestyle preferences. Let’s break down both options: House Hacking: House hacking involves purchasing a property and renting out part of it to cover your mortgage payments. Here are the pros and cons of this strategy: Pros: Cons: Renting …
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The Front Door Is the First Thing I’d Automate in Any Rental
Key handoffs tie your side business to a place and a time. The hourly math on automating the front door, and the smart lock I’d start with for one unit.
Airbnb Arbitrage Is a Lease With a Business Bolted On. Here’s the Break-Even Math
Before you lease an apartment to run on Airbnb, find your break-even occupancy. For an ordinary one-bedroom it’s about 18 nights a month. Here’s the math.
I Ran the Numbers on a $3,299 Robot Fridge Like It Was a Stock
A $3,299 HAHA AI vending machine, priced like an investment: payback, yield on cost, what can go to zero, and why the building is the real asset.
How High-Value Activities can Boost Productivity and Profitability
Today we delve into an essential topic: the evaluation of your dollar-per-hour ratio and the value of outsourcing vs. self-accomplishment. In our pursuit for optimal productivity and profitability, it’s crucial to focus on high-value activities and delegate or outsource the rest. So, how do we begin this process? It starts with identifying what tasks constitute …
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Be Ready for This in the Vending Machine Business
The vending machine business can be both rewarding and challenging. As I embarked on this journey, I encountered various hurdles and successes that shaped my experience. If you’re considering entering this industry, here’s what you should be ready for. The Reality of Machine Issues:Every vending machine, whether new or old, will face issues at some …
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What’s Wrong With These Financial Guru’s?
Some financial gurus say give up every pleasure to reach freedom. Here’s why that’s wrong and how to get there without hating your life.
Diving Deep into the Vending Machine Business: My One-Year Journey
Ever thought about diving into the vending machine business? I did, and it’s been a rollercoaster of a journey. From the allure of recurring cash flow to the challenges of finding the right locations, I’ve seen it all. Let me take you through my one-year adventure in this industry. Why I Chose the Vending Machine …
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What Is Our Current Understanding of Money?
Occasionally we change our understanding of money, what we intend to do with it, how we intend to grow it, and what that will do for us in the long run. There’s no point in busting your butt for months in order for it all to be wasted on you doing things that don’t provide …
