Slot machines could be your key to retirement

With a relatively small investment of less than $50,000, you can build a quarter-push path that will provide you with a nice retirement income month after month and for years to come. Many people are already doing it and you can too. Here is how.

Quarter pushers are around $1300 each for the best quality machines. It is important that you only buy high quality new machines so that you do not experience any outages or repairs. If you buy thirty machines, they will cost you around $40,000 with shipping. You’ll also need coin counters and equipment to count and pocket the coins for the deposit, which will cost you about another $1,000. Industry averages show that a quarter pusher machine will make about $200 a week in profit, with some operators even making up to $1,000 a week in a good location. To be conservative, I’ll estimate on the low side and say that your thirty machines will average $100 per week, which will be split 50/50 with the location owner. This will leave you with a net profit of $50 per week per machine, so multiplied by your 30 machines will give you $1,500 per week or $78,000 per year. Remember that this is a “low end” estimate, so you could easily do much better than that.

Finding locations for your thirty machines is not as difficult as you might think. All a store owner needs is about 10 square feet of empty space in which to place the quarter pusher, which can lead to a cash profit every week with no investment. The best locations are laundromats, convenience stores, truck stops, lunchrooms, liquor stores, tobacco shops, pizza parlors, or any other place where people gather. Simply offer to install a machine on a no-obligation trial basis and once the profits start to roll in, the location owner will be happy to let the machine stay. Professional locator services are available to secure locations for you (for a fee) if you are not comfortable finding them yourself.

Once the machines are placed, all you need to do is visit each location on a weekly basis and split the coins in the machine’s catch bucket with the location’s owner. The catch bucket is a large plastic tub at the bottom of the machine that catches your winnings as they fall from the moving tray. Thirty machines is a manageable route and collections will take about 2 days a week depending on the size of the geographic area. It’s a great retirement income for a small investment of time and money.