@DeviantJam This thing seems more like a toy though, like I think he’s lying about paying 900 dollars for it, also I think the whole thing is fake, but that gumball machine used in the video is definitely not a real one
That’s why you take the quarters to a coin star machine and get it in cash. Then you can get away with not reporting it. As long as that money doesn’t touch your bank account you’re good
taxes would not be too bad. remember as a business you gain the privilege of paying income tax (most people incorrectly call the REVENUE tax they pay income tax)
He can subtract the cost and maintenance of the machine as well as the gumballs as well as the mileage driving to the locations to check on them and replenish them. would be pretty easy to keep the taxes at or close to zero until your making enough where taxes are just not that big a deal any longer. IF you get enough locations to set them up.
@Sir SantiNo. Efficiency always declines when scale goes up. More machines means more time emptying them. It’s a “side hustle” so how many how many hours do you spend driving around, spending gas, counting quarters, depositing at the bank etc. More machines mean more labor. There’s a threshold of what you can do alone.
@Christopher Sharp well up to a point I’m sure but it doesn’t take that much time to empty a machine and refill it, if you’re smart you’ll put your machines near each other
@Christopher Sharp it is a decent side hustle, only an hour every week or so, it’s not hard to figure out the hours of the establishments you have your machines at
My mom has this gumball machine, the only downside is that you can use any type of change. She got a new one and leaves this one in the house for the family to use.
@Steven Gordonit feels like the case bc I’ve never been interested in having any, but just a decade ago these things were still all over the place, so I assume there’s still some demand even ten years later.
@Steven Gordon There are gumball machines near the place I work at and kids would ask me to replace there 1 dollar bills into quarters so that they could get the gumballs.
The best part is that it isn’t a commercial grade gumball machine so the top doesn’t have a key lock. Anyone can come in and twist off the top and take gumballs for free or your quarters (or both).
What I learned from this vid: I can unscrew the top for free gum balls.
@Grand Pu fatherless behaviour
@DeviantJam This thing seems more like a toy though, like I think he’s lying about paying 900 dollars for it, also I think the whole thing is fake, but that gumball machine used in the video is definitely not a real one
@mapleleafsfan27 I love this comment so much 😂
@DeviantJam thank you for the noble sacrifice
You can take the whole machine if you want it’s not bolted to the ground or anything it’s literally so stupid 🤣🤣🤣
“The gum ball that fell on the floor was a major loss in profit”
No cap, 20 possible cent gone😭
He put it back in🤫😋
@Nashvillain he ate it.
@JusArson Why are we counting in reverse? I’m confused!
What about the bucket of em he left on the trash can ? 😅😅
Now you just need to get many friends who own many restaurants and avoid paying taxes for your income!!
Genius
That’s why you take the quarters to a coin star machine and get it in cash. Then you can get away with not reporting it. As long as that money doesn’t touch your bank account you’re good
@IceBryker mmmm. So true
taxes would not be too bad. remember as a business you gain the privilege of paying income tax (most people incorrectly call the REVENUE tax they pay income tax)
He can subtract the cost and maintenance of the machine as well as the gumballs as well as the mileage driving to the locations to check on them and replenish them. would be pretty easy to keep the taxes at or close to zero until your making enough where taxes are just not that big a deal any longer. IF you get enough locations to set them up.
@The Major there’s no copper in pennies anymore dude. We use literal trash for currency now
That’s why you put the gumball machine in the establishment you use to launder money
Him: I ordered one off Amazon for $90.
Me: I found one sitting at a taco shop for free!! 👍🙌🏼💪🏼
Damn, talk about BANK
WOW, Free money AND new side hustle!
lol
The amount of people who didn’t get this obvious joke is almost funnier than the original joke!
The lack of literacy in this comment section is downright embarrassing.
“Sweet now i just need another $970 and i can pay my rent”
@Sir SantiNo. Efficiency always declines when scale goes up. More machines means more time emptying them. It’s a “side hustle” so how many how many hours do you spend driving around, spending gas, counting quarters, depositing at the bank etc. More machines mean more labor. There’s a threshold of what you can do alone.
@Christopher Sharp well up to a point I’m sure but it doesn’t take that much time to empty a machine and refill it, if you’re smart you’ll put your machines near each other
@Christopher Sharp it is a decent side hustle, only an hour every week or so, it’s not hard to figure out the hours of the establishments you have your machines at
🤣🤣🤣 💀
Put it in a laundromat, everyone has change and gets bored waiting
Where u gonna put a laundromat tho
Someone gone steal it
Fr wtf great idea
@volvo09 😂😂😂😂
Really out here solving his own word problem 😭
💀💀💀
As a math teacher, I’m wheezing! 😂
Bro soon you’ll be able to order that custom Lambo
The issue is finding a place that will let you put it in there for free. If they charge anything at all your profit goes out the window.
Plus theres the issue that its near a trash can. Some parents might be worried about the candy being clean
SO IS THE WII U LIKE A FUCKING GUMBALL MACHINE NOW???!?!?
When he put the money on the car seat half of it fell in the cracks 💀
@Journey._. Bro it’s, Post Traumatic Stress Disorder not sound lol
@Alexandra Preston not that serious
@VeryBadNameXD okay Alexander Preston… alt switching doesn’t make you a new person
@Journey._. Sound? Its post traumatic stress disorder
Make sure you secure it to prevent it from falling and hitting a kid in the head. Prevent a lawsuit.
My mom has this gumball machine, the only downside is that you can use any type of change. She got a new one and leaves this one in the house for the family to use.
Theft can be a problem.
Im not lying i “handle” this situation.
You have to fix these things every day
Gumball machine is a good side hustle -source: trust me bro💀
Man’s really still -$60 for at least two months
True, but the fact that it pays for the investment in under a year is a pretty impressive rate of return.
@Economics Videos not when you consider the time and opportunity costs of maintaining it.
@Rabbles the Binx Productions It looks like a pretty simple machine to me. I wouldn’t imagine you’d have to do much repair work in a given year.
@Economics Videos You underestimate the ingenuity, audacity, and determination of an endless supply of 11 year olds.
Just remember this is entirely subjective; some places might sell it like crazy and sell out within a week or two, some might sit for months untouched
I understand your point but you’re using the word subjective wrong
@Steven Gordonit feels like the case bc I’ve never been interested in having any, but just a decade ago these things were still all over the place, so I assume there’s still some demand even ten years later.
@Steven Gordon There are gumball machines near the place I work at and kids would ask me to replace there 1 dollar bills into quarters so that they could get the gumballs.
@Steven Gordon but the video 💀💀..
@Steven Gordon sorry for ruining it but I have
Optional side hustle: take apart random gumball machines you find and collect the quarters
Wayyy more profitable and you don’t even gave to buy one before hand
The best part is that it isn’t a commercial grade gumball machine so the top doesn’t have a key lock. Anyone can come in and twist off the top and take gumballs for free or your quarters (or both).
@Blah Amazing. How did you reach that conclusion?
@Michelle Hernandez pattern recognition
@Blah I see. What was the pattern you recognized?
Also, they could just use a penny, as any coin will work on this machine. (If they don’t want to commit a crime)
I hope this kid knows that he needs his food license to sell even gumballs
Really?
And this is why I’m anarcho-capitalist
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