The holidays are fast approaching. What do you want for Christmas?
Every year, we spend billions of dollars on Christmas gifts. We buy each other all types of things:
These are all fun gifts, but there’s one problem: these gifts tend to lose value the instant they are purchased. They also become obsolete and are eventually put in a closet or attic to collect dust, discarded, or thrown away.
Thanks to inflation, lack of job security and a shaky economy, it might be time to consider giving other types of gifts this year and going forward:
Assets. Is it time we give our loved one’s gifts that can increase in value or generate revenue?
What if we started giving small businesses or passive income streams as gifts? Here is the inspiring story of a man who bought his daughter a vending machine.
A Pennsylvania father decided to give his daughter a gift that will keep on giving. Instead of toys, video games, or clothes, Reco Oxendine gifted his daughter a vending machine.“
I want her to be a boss,” the 28-year old father told Atlanta Black Star. “I want her to understand (the) value of being a business owner at a young age. So, when it comes to her growing up… and she has to make decisions about how she can earn money, she knows that a job isn’t the only way.”Read the full article HERE.
On average, one vending machine can generate $7,000 in annual revenue. While that may not seem like much, what if a person has 10 vending machines? That could be $70,000 in annual sales from people buying microwave popcorn, Snickers, Doritos and Diet Pepsi products.
For more info on leasing vending machines, click HERE.
Change Your Mindset, Change Your Life
The world has changed quite a bit in 2021. Thanks to covid, inflation, supply shortages and mandates, we are all facing an uncertain future. In addition, we still have to worry about automation and how that will affect our jobs in the future. We must change our mindset. We must think of creative ways to generate multiple streams of income.
The average millionaire has 7 streams of income. Not 7 jobs, but seven ways to make money, with most of it being passive income. If we want to be successful going forward, we must change our mindset.
This type of talk is not discussed in school. It’s critical we keep an open mind and change as the world changes around us. People of all ages can benefit from this type of knowledge.
Great Gift Ideas
Yes, getting a new PS5 or car is great, but that vending machine could be the gift that keeps giving for years to come.
In addition to vending machines, why not consider buying the following as gifts:
- Franchises. For a list of the top franchises click HERE.
- Precious metals (gold, silver). Order gold and silver coins and bars HERE.
- Real estate/rental property
- Dividend paying stocks
Another great gift is the gift of knowledge. Check out the books and online courses from the Yes We Did Virtual Learning Center on business and entrepreneurship:
As the world changes, its critical we change along with it. This Christmas, consider giving a gift that can be passed down for generations!