Joe Pinsker

speaker

1,247 appearances 30 recordings 1 series first heard Oct 2022 last heard Jan 2025

Joe Pinsker’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Americans Look to Vending Machines for Passive Income · 12 Mar 2024 podcast

A lot of it is out of financial need. voice-verified

Some people... voice-verified

wanted help just sort of making ends meet, paying the bills each month. voice-verified

Other people wanted to pursue life milestones like buying a house or having kids. voice-verified

And so those things were on the horizon. voice-verified

And they thought that the pay from just their regular day job alone wouldn't be enough for it. voice-verified

And then on a higher level, I think one of the motivations here is just that many people are tired of the time and energy that a nine to five job takes up. voice-verified

And they want to try to find a way to get out of that and to use a common expression, be their own boss. voice-verified

And many people view vending machines as the ticket to that. voice-verified

Definitely. voice-verified

You have to invest upfront a bit in the machines that you buy. voice-verified

You have to then pay to stock up on product at stores like Costco or Sam's Club. voice-verified

And, you know, you have to pay the occasional maintenance repair fee when the machine breaks down. voice-verified

There's a common moment probably many of us can picture where a bag of chips gets snagged on a coil of a machine. voice-verified

If you're the owner of that vending machine, you're the one who actually has to fix it. voice-verified

A lot of them found the idea online, and that's sort of where they ended up getting a lot of their information, on social media platforms like Reddit or YouTube. voice-verified

And that sort of led them down a process of... voice-verified

sort of the two main things you have to do to get this going. voice-verified

One of them is finding a location to put your machine, and the other is actually buying a machine. voice-verified

I list them in that order because some people make the mistake of first buying a machine and then having to store it somewhere for a couple months before they actually have a place to put it. voice-verified

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