How To's Passive Income

How to Buy an ATM Cash Machine

Here’s a new ehow article I wrote called How to Buy an ATM Cash Machine:

Buy an ATM cash machine and you’ll have an endless supply of passive income for the rest of your life.

Banks aren’t the only ones who own ATM cash machines….people just like you and me can own them too and I’m going to show you how!

1) Before buying or leasing an ATM cash machine you’re going to want to find a location to put one. I’m going to assume that you don’t own your own store (if you do, awesome, you can put the machine in your store!)

You’ll want to look for high traffic locations. Location is the key to a profitable ATM business.

Some awesome atm placement spots are convenience stores, pizza shops, bars, restaurants, etc.

You can finish the article How to Buy an ATM Cash Machine here.

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Direct Marketing Campaign Goals and Planning Kids Multi-Units/Apartment Buildings Passive Income Random Ramblings

Back to the grind

I hope everyone had an awesome holiday and I hope you will have a safe and exciting New Years Eve. Kathy and I will be hanging out with friends for dinner if the weather cooperates for New Years Eve, otherwise we will be attending our neighbors party (Becky and Jeff, our rent-a-husband!)

Anyway, I’ve been sooooo out of it since we got back from Cali. Total slacker, but I want/need/and will stop it. I’ve been doing lil stuff here and there, but enough of that…BIG ACTION is coming up, because BIG ACTION always gets us BIG RESULTS!

Kathy and I seriously want our first multi-unit (4 unit or more) by March 1st, 2010. Tomorrow we are starting our direct marketing campaign. I put all of our 5 letter campaigns into my computer today, plus 2 speciality letters. I also got a list of all 4 unit and more owners in our county. I think we’ll start there for now. Then expand out when we need to. I’m psyched about this….and scared at the same time. I was telling Kathy about it this evening, but then again I’ve been scared about mobile homes before and I did them and I’ve been scared about getting into single family homes and I did them and I’ve been scared about rehabbing and I’ve did them and I’ve been scared about subject 2’s and I’ve did them and I’ve been scared about wholesaling and I’ve did them… I guess it’s ok to be scared as long as I keep doing shit! Ya know?

I’m telling you, for any of you that have never played Robert Kiyosaki’s Cashflow game, I really recommend it. I mean I’ve had an interest in multi’s and mobile home parks before but never like I did after playing that game earlier this month. I mean it’s like the brightest light bulb ever went on that night. It was the “don’t worry about getting out of debt first, just start to accumulate passive income and assets and get out of debt while doing so” light bulb just smacked me straight up in the face. And I’m glad it did….because you know what? It may have taken me a hell of a long time to start doing what Kathy and I are getting geared up to do.

Now that’s on the real estate front…on the ATM front, well I have to follow up with 3 pizza shops, 2 hotels and I did follow up with the other strip club tonite. When I called the guy was so nice and said he was just thinking about us yesterday and we talked about our holidays and he said he couldn’t talk too much now because he was on the road and he said he wants to call us before the end of the week to talk about things because his current ATM contract is up then too. We got our fingers crossed but I’m hoping he signs up with us. That will be 2 strip clubs! And that right there folks, is an ATM goldmine. We offered the guy a pretty damn good profit sharing thang if he signed up with us. Our only obstacle was what if he takes our plan and asks his current guy to match it? Soooo that’s why in my follow up thank you letter to him I didn’t really talk about that too much 🙂 I talked about our charming personalities and how I’m sure we’re wayyyy cuter (mostly Kathy lol) to look at than the guy he’s currently doing business with. Actually, I think I’d be all of my money on the fact that he’d prefer to look at Kathy then his current guy. So, we shall wait and see what happens in a couple of days.

Well I’m off to bed. This is the first night in a longggg time where Kathy and I are actually home alone. Joe is with his Dad and Brandon is spending the night at a friends house. It’s actually really nice. And quiet! (I know some of you make think that sounds mean, but ya know what? I’ve never had kids, never wanted kids, never lived with kids and as you know, when you suddenly have kids in your life your whole entire world CHANGES. Trust me, it’s still a process to get use to for ALL of us, I’m sure. So I don’t mean to come off mean in regards to the kids, it’s just that I was use to living by myself for a long time and just having girlfriends who may have had kids, but didn’t live with me. Whole new ball game when they live with you.)

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How To's Passive Income

How to Pay Yourself First and Create Massive Wealth

Here’s a new ehow article I wrote about How to Pay Yourself First and Create Massive Wealth.

Pay yourself first is not something that we all hear, but you need to listen to this advice if you ever want to have a chance of creating any wealth.

You should pay yourself first before you pay any other expense that you have in your life. And yes, I’m serious.

1) In order to pay yourself first; it works much easily if you go to your current bank and open an extra account for yourself. If your bank let’s you name your accounts you can call this your Pay Yourself First account or your Wealth account.

Read the rest of How to Pay Yourself First and Create Massive Wealth here.

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Passive Income Random Ramblings

The strip club meeting

So Kathy gets all dolled up….I should have taken a picture and posted it on here. You should have heard Brandon talking to his girlfriend about his mom. lol It was funny. He just heard us talking about her getting dressed and the next thing I know I hear him telling his girlfriend on the phone “yeah my mom and Carey are going to a strip club and Carey told my mom she had to dress trashy. I don’t even want to know what’s going on and I definitely don’t want to see what my mom is wearing. Why would she even have clothes like that?” lmao She must have asked why we were going to a strip club and he did tell her for the atm’s……

We get to the strip club at about 9:30. The dude we need to talk to isn’t there…and the bouncer, who we know because he use to work at the strip club that we have an atm in, tells us that the owner left a while ago and probably won’t be back until later tonight. Grrrrr! We decided we weren’t leaving the area until we met with the dude because the weather was gonna get bad and we wouldn’t be able to meet with him again for a bit. So we decide to head to the strip club we already have and fill it up with some more money.

We wave to the owner and head over to the machine. We do our thing and get ready to roll and then one of the strippers comes up to me and gives me a big hug and then gives Kathy one. She’s really nice and she usually acts like our “bodyguard” when we’re filling the machines. Anyway, she proceeds to proposition me and then she propositions Kathy as well lol I tell her “oh honey I’m way too expensive!” She says “I’m sure you’re worth it.” Then I tell her Kathy is super expensive too and she says “I’m sure she’s worth every penny too!” Too funny. She eventually gives us a hug and a kiss on the cheek goodbye and tells us to have a happy holiday. She proceeds to say “I’ll have you one day!” lmao She’s persistent at least, eh?

Now I know you can’t judge one group of people by one person but the reality is I use to date a stripper and ummmm it really wasn’t anything worth writing home about and they all have bad raps to me now.

Moving onward……we go to a diner and get some fries and mozzarella sticks (and I get a piece of carrot cake too) while we wait for the owner to go back to the club. I do hit up the diner too and leave them our information for an atm.

We head back to the club at 10:30pm. The owner still isn’t there. We sit in the car with the heat on because it was freezing out. We watch as car full of guys after car full of guys come into the parking lot and go into the club. We REALLLLLY want to get into this club it is always super packed! I keep calling the club and speaking to the bouncer and I keep calling the owner on his cell….but no luck.

We decide at 12:30am, yes you read that right, 12:30! That we’ll leave our information with the bouncer because it’s starting to snow and it’s suppose to get reallll bad. We hand the paper to him and I watch him take it to the owners office. As we’re pulling out of the parking lot I see someone pull up in a Lexus and park right in the front. I see the guy get out of the car. I was like “that’s him. I am pretty sure that’s him!” So I call the club just to make sure and he answers. I asked him if he had a few minutes to talk about the atm’s still and he said “sure, but you better come in here quick babygirl before the music starts again!”

We chat with him a little bit about our atm’s and he says he’s going to make a decision rather quickly because the contract is up the beginning of the year. We offered him a pretty good deal which included profit sharing. Plus, I’m sure Kathy’s a whole lot better looking than the guy that’s handling his atm’s now 🙂

Will keep ya’ll posted….we really would love to have this place though, that’s for sure.

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Passive Income Random Ramblings

Meeting with another strip club!

Woohooo! Tonight we’re meeting with another strip club to hopefully put our atm in there. We met with the guy a few months ago but he said he has a contract until the end of the year with someone and to call him towards the end of December. I need our machine placed NOW so I called him tonight. He agreed to meet with us tonight so I said “Honey, we’re going to meet with Will at the strip club so ummmmm” and she chimed in “Go put on a slutty outfit?” I said, “Exactly!” 🙂

My babydoll is so supportive of our atm business don’t ya think? I called another strip club but the dude was rude..that’s why I prefer to do business in person. Kinda harder to be rude to folks in person vs. the phone, plus if he would see my babydoll he definitely wouldn’t be rude. Some people think we’re nuts I just call it using smart business tactics.

Wish us luck! I’d really love to get this machine placed by Christmas.

Flippin’ Carey

P.S. It’s very tough to get into a strip club because 99.999999% of them already have atm’s. Like the one tonite, they already have one. But my goal is to hit up every strip club within the tri-state region and see if we can convince them to switch to us 🙂

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Passive Income Random Ramblings

Atm meeting today!

Well I made some calls yesterday and I secured a meeting with a local pizza shop. We’re meeting today at 2pm to go over why they should let me (us) put our atm there. 🙂

My new broker, Vince, actually referred me to this place. I called him the other day as a buddy of mine was looking to talk to him and potentially join his company so I was just following up to see if he spoke to him. In the meantime, he asked if I ever got in touch with the folks he referred me too about the atm. I said that I spoke to one place and they told me they had an atm for a year now but just haven’t put it in. Then he said ok well what about this place. And he gave me the owners names and he told me he even told them about me already and that I’d be contacting them soon.

I like this guy lol Anyway, meeting is set for 2pm. Hopefully, they say yes because we’re paying monthly for a modem that has no machine attached to it! I mean it’s only 20 bucks, but it’s 20 bucks that should be profit!! Know what I mean? You live and you learn.

A couple lessons I learned about the ATM business so far:

1) Don’t buy a machine BEFORE you have a place to put it, yes even if the machines are on sale and it’s an awesome deal for them!

2) If you don’t listen to rule #1, then don’t get your modem activated until after you find a place to put the ATM.

The other places I followed up with were either a) not interested or b) they are still trying to speak to the owner about it. I get that a lot when visiting hotels, but usually I can get to the GM who can make a decision or get to the owner a lot faster.

Flippin’ Carey

P.S. If you’re wondering about how much we make from our atm’s I’ll tell you. Last month it was $802 on 4 machines. So they average about $200 / mo. Most machines only have about $1000 to $1500 cash in them and if you’re making $200 / month on that cash….who wants to figure out the return on that money in the machine? Btw, each machine doesn’t do $200 / mo. The chinese place does about $480 a month (that’s a 50/50 split deal tho) and the strip club does about $440 a month (no partnership splits there.) The other 2 places are anywhere from $80 to $120 per month each. So we figure the strip club and the chinese place are actually going to pay off ALL of our machines for us.

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Educational Seminars Passive Income

Bill Wrixon – Passive Income Opportunity Seminar Day 1

So I deleted this post on 9/20/2013 because I got an email from someone who claims to represent Bill.

*yawn* That someone is in the class of 2013 for law school 🙂 I wasn’t worried about any lawsuit
whatsoever, I mean seriously who is stupid enough to sue over a post on a website that is viewed my
well not many people lol I’m thinking no one.

But since I don’t care about Bill Wrixon nor his company I had no issues deleting all of this.

Very comical. That is all. Have a great day all! Read some more updated posts on real passive income opportunities from people that don’t mind having posts out about them. 😉

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Goals and Planning Passive Income Random Ramblings

I need help!

I know what you’re thinking…”yeah Carey, you need A LOT of help!”

Ok but seriously guys (and gals) I need help with something so silly. I need to know how to get my picture on that lil box that shows up next to my name when I leave comments, ya know like Steph, Scott, Kelli and everyone else in the world except me has 🙂 I thought I knew how to do it, but I don’t.

Please helpppppppppppppppppppp me!

And today on my to do list is: working on (thanks Steph, you inspired me to get back into the work-out swing of things with your miles everyday,) following up on calls to my We Buy Houses signs, following up on 2 potentials for placing our ATM, start doing some searching on the public records to build my list to start a direct mail campaign to apartment owners.

Oh and I’ll still be putting out We Buy Houses signs because I think it would be a good idea to wholesale properties for some cash while trying to build my passive income with apartments.

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Educational Seminars Passive Income

Bonnie Solow – Passive Income Opportunity Seminar Day 1

So after T. Harv Eker spoke about How to Get on the Best Seller’s List….his literary agent, Bonnie Solow, spoke to us via a telephone call.

The whole idea with writing a book in regards to passive income is that you’ll generate royalties, upfront advances, etc. plus, as Harv said it’s your “brochure” so you can earn passive income off of other things folks buy from ya.

Bonnie said an agent is the person that marries the author with the publisher. Helps create book ideas, protects you from the publisher and lobbies on your behalf. Literary agents get a 15% commission of what you earn.

Concept to Cash
1) Have a fresh and unique idea
2) Self-publish vs. traditional publishing (you need traditional publishing to really become a figure in your field. Like you are a “master” in your field an authority that folks can turn to.)
3) Increase appeal to agents
4) Write proposal and query letter
5) Find literary agent
6) Agent submits project to publishers

1) Is your idea fresh and unique? Or do you have an old idea but have a new spin or twist on it?
2) Do you have an interesting story to tell?
3) Are you passionate about your subject?
4) Do you have credentials?
5) Are you the right messenger for the cause? (I.E. If you’re not a parent you shouldn’t write books about parenting.)
6) Can you reach target market?
7) Is your idea relevant?

Decide which publishing route to take. Is your marketing platform (your audience) enough to excite a publisher? If not, you’re gonna have to self-publish.

Is your idea after a general or targeted audience? If general, you can go with traditional publisher.

Do you have the appetite and stamina to run your own business? If yes, you can self-publish, if you, traditional publishing.

Increasing Your Appeal to Agents
1) Create a buzz via an online presence.
2) Use websites
3) Social marketing
4) Blogs
5) Podcasts

***Consider self-publishing with the intention of landing a traditional book deal.***

Must have awesome Marketing Plan
1) Design website/blog specific to book
2) Develop Twitter, Facebook, Scribd, and Youtube presence
3) Organize email blast and solicit use of friends and colleagues databases i.e. Joint Venture deals
4) Procure speaking engagements
5) Create webinars, teleseminars, courses
6) Consider hiring outside publicity
7) Write op-eds for newspapers
8) Explore special sales opportunities- bulk corporate sales? special retail outlets?

Look for ways to expand brand and income opportunities!! Create a series? Speaking engagements? Always keep buzz alive.

Write what you’re passionate about. CONTENT is king. Create an awesome marketing plan to reach your readers.

Bonnie recommended a book called: Red Hot Internet Publicity by Penny Sansevieri

I don’t know about you guys, but I think that even if you’re not interested in publishing a book that you can still take some really good ideas from Bonnie’s information here. Plus, who knows…you might change your mind about a book in the future??

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Educational Seminars Passive Income

T. Harv Eker – Passive Income Opportunity Seminar Day 1

Before I go into the passive income opportunity seminar stuff I want you to know how happy I am to be home and drinking my morning breakfast of 4 organic carrots and 2 organic apples (there’s no parsley left.) I soooo missed that while I was away. I wish hotels would have Juicers in their rooms 🙂 Anyway, it’s good to be home and getting back to eating normal again.

Ok so this seminar was called Never Work Again. But I’m going to refer to it as the Passive Income Opportunity seminar because well, that’s what it was. Fair enough?

Day 1- opened with T. Harv Eker talking to us. He pretty much spent the whole day with us. For those that don’t know him, he wrote the book Secrets of the Millionaire Mind and he actually started the company Peak Potentials which is the company that puts on all of these training seminars.

Harv started off with going over again the difference between active income and passive income. He went over the golden goose working for you theory that they talk to you about in the Millionaire Mind Intensive. [Carey’s note: Have tons of free tickets to this event coming to me! Message me if you’re interest in a pair!] His main points were that you have to either Create, Build or Buy cash flow income vehicles i.e. passive income streams. Plus, you should set up your business so it works without you!

Here’s the main concept:

Create/Build/Buy your cash flow vehicle —> Earn some money with it —> Buy another cash flow vehicle —> Earn some money with it —> Buy another cash flow vehicle etc. etc.

Then he said that you can be FREE a whole heck of a lot faster than you can be rich. So let being free be your first goal and being rich be your second goal. And being free meaning that your income from your passive income streams is more than what your life expenses are.

Oh and by the way, with the whole passive income thang… I’m sure you all know it’s not 100% hands off. Everything we do, even when we set up our businesses to work with out, still requires some maintenance. It may be a little bit of maintenance but it’s maintenance none the less. I hope that makes sense to everyone.

Now Harv went on to quote a statistic that 84% of people would like to write a best selling book. Soooooo Harv proceeded to tell us how you go about getting on the best seller’s list!

He said the easiest list to go for is the Non-Fiction list. So go for the non-fiction designation for your book.

You’ll need a #1 Marketing Plan!!! Because even if you have a publisher they will tell you they’re going to market the heck out of your book, but they won’t. Your efforts need to sell 90% of your books!!!!

Keys to Creating a Best Seller
1) Quality of the Info- do not fill your book with fluff. You want people to refer to your book, not say it’s full of fluff.
2) Style- try not to sound like everyone else. Don’t be boring. Be an individual.
3) Marketing- you need to have an on-going marketing strategy. Even if you have a publisher act like you don’t. Have a unique selling position. Do joint ventures, p/r, use your connections, internet marketing, etc.

– some keys to marketing-
*Platform and Following- you must have a ready-made audience BEFORE writing your book. You develop a ready-made audience by doing seminars, having blogs, writing columns, doing a radio show, etc. It’s critical to have some kind of following prior to writing your book!

*Joint Ventures- use someone else’s database to sell your book.

How to Get on the Best Seller’s List
1) Focus on 1 time period- the different best seller’s lists focus on a certain period of time. So decide which list you want to get on and focus on that specific period of time. NY Time Advice list is # of copies sold per week, NY times Biz list is # of copies sold per month, Amazon is # of copies sold per day. Each list has a per week or per month or per day time line. Find the list you want and just focus on that timeline.

2) Batched Presales- You’re pre-selling your book during your pre-launch phase.
– Take pre-orders- enter all during that 1 week (or that 1 time frame that you picked!)
– Send Joint Venture letters- all orders must be in within that same time frame (best to tell the JV’s to do it within 24 hrs. tho.)
– Mail to your own database- tell them to buy within the next 24 hrs.
– Make sure your books are on bookstore shelves that week! (Preferably new release section.) They MUST be in the bookstores even tho you will be selling most of your books elsewhere probably.
– Your P.R. has to hit that week (or that time frame you are shooting for.) Talk shows, tv shows, radio shows, web interviews, etc.

***If you do a seminar, have Barnes and Noble or whomever bring THEIR copies to your seminar and sit them in the back to take orders. (If you buy a million copies of your book personally, it only counts as 1 sale. But if B&N brings their copies of your books and sells a million of them to a million different people at your seminar then it counts as a million sales.)

-Magic Book Selling Pill- is the free bonus. Include an awesome free bonus so folks want to buy your book now. Free seminar, free teleseminar, free coaching, etc. Make it a no-brainer to come to the seminar. Make the bonus more valuable than the book.

3) The book is your brochure- you have to have more to sell. If you don’t have a back-end there is no point in writing the book in the first place. Your whole point in writing the book and becoming a best seller is so you can sell more stuff. Whether it be coaching, seminars, or what have you. It has to be something because your best-selling book is the “brochure” to make folks want more of YOUR stuff. [Carey’s note- I found this point so super interesting. Never really thought about this before.]

Ok my fingers hurt from typing. I just realized that I probably have a month’s worth of blog posts from this seminar. Maybe more?? I don’t want to posts to get too long. By the way, day 1 isn’t even close to being over yet.

But I must head out….my car actually broke down last night on the way home from the grocery store. I called my rent-a-husband lol he’s our next door neighbor and he and his wife are absolutely awesome. He came and pushed me home 🙂 (his son, Matt, and Joe, Kathy’s 9 yr. old, helped push too. lol they were playing together and happened to go with Jeff to get me.)

Gonna get an oil change and see what’s up with it, then I gotta pick Kathy up from the airport at some point today.

I hope you enjoyed this post. Let me know if you have any questions about it or any specific passive income opportunity questions and I will try to answer them for you or tell you that they are coming up in a future post.

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