"The Millionare Next Door" covers the same material.
Owning one vending machine is a terrible business. It needs regular attention and there's no economy of scale. A friend of mine used to own a photo booth at a popular SF nightclub, and it was a maintenance headache.
Similarly, trying to rent out one beach condo sucks. You have to market, and the marketing cost isn't spread over multiple units.
There are few good passive investments right now. There's so much capital available in search of returns that all the good ones and most of the mediocre ones have been taken.
However, spend less than you earn, and life will turn out better.
Owning one vending machine is a terrible business. It needs regular attention and there's no economy of scale. A friend of mine used to own a photo booth at a popular SF nightclub, and it was a maintenance headache.
Similarly, trying to rent out one beach condo sucks. You have to market, and the marketing cost isn't spread over multiple units.
There are few good passive investments right now. There's so much capital available in search of returns that all the good ones and most of the mediocre ones have been taken.
However, spend less than you earn, and life will turn out better.