244-Vending Machines as a Path to Wealth and Passive Income: Interview with Matt Miller from School Spirit Vending
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.4 • 1.9K Ratings
🗓️ 24 September 2015
⏱️ 55 minutes
🧾️ Download transcript
Summary
When I was younger my brothers and I spent lots of time talking about how to make our millions of dollars with passive income. Two businesses seem to be prominent when you go down that line of thinking as a young person: car washes and vending machines.
We didn't pursue either of those businesses. But much later I did wind up working with some clients who had a vending business. And I was intrigued by their business.
My guest today is a vending expert. Matt Miller started his vending business the hard way and built it slowly.
Over time, he wound up finding a new niche for his vending products: stickers.
He's since gone on to create a franchise to teach others how to do what he has done.
Enjoy his wisdom, experience, and insight!
Joshua
- Matt's website: http://ssvbusiness.com/radical/
- Support Radical Personal Finance on Patreon! http://radicalpersonalfinance.com/patron
Transcript
Click on a timestamp to play from that location
| 0:00.0 | If you ever wanted to have a business that worked for you day and night, and you didn't have to do a thing, but put the money in the bank? |
| 0:08.0 | Well, I have, and I'm sure that many of you have also had that same desire and there are a couple |
| 0:14.8 | places that most of us who have that desire will quickly go. Two of them that |
| 0:19.6 | at least my brothers and I always talked about was vending and car washes. |
| 0:24.7 | Pretty cool you can just sit down and do nothing and the vending machines make you money 24 hours a day |
| 0:28.6 | and the car wash makes you money 24 hours a day is kind of the ultimate dream, right? |
| 0:33.0 | What does it work? |
| 0:34.3 | Today I've invited Matt Miller, |
| 0:36.0 | who's got a world of experience |
| 0:37.8 | in the vending business on the show, |
| 0:39.3 | and he's gonna share with us |
| 0:41.3 | whether or not it works. Of course, you like my teas, you got to listen to know how well |
| 0:47.8 | it works. Welcome. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your |
| 1:07.8 | host. Thank you for being with me today. Like I said, vending. Pretty cool business, huh? |
| 1:14.0 | Well, even though my brothers and I always wanted to do it, |
| 1:17.0 | and I never really wanted to actually buy the machines |
| 1:20.0 | and take them around and stick the candy machines in everywhere and go and collect quarters. |
| 1:25.4 | So I'm not an expert, but I have found an expert and he's going to share his story with you today. My guest is Matt Miller. I first met him at the podcast movement conference and it was a |
| 1:41.6 | serendipitous encounter. |
| 1:42.8 | I hadn't pre-planned to interview him, |
| 1:45.4 | but after meeting him, I knew that I wanted |
| 1:47.5 | to bring his story to Radical Personal Finance, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.