ATM Business “Behind The Scenes” – Passive Income Ideas
Here’s a behind the scenes video of the ATM business I was asked for. This is one of many awesome
passive income ideas, by the way!
Here’s my latest ATM Video Vocab. This is ATM Video Vocab #11 – EMV. In this ATM Video Vocab I go over what exactly EMV is and what it will mean to your current ATM business or your new ATM business.
My ATM Video Vocab series is a great way for you to get familiar with and learn terms within the ATM business, so that you are more equipped and ready to start your ATM business in order to create a lifetime of passive income!
If you have a request for an ATM Video Vocab or any questions or comments about this particular ATM Video Vocab then just post them below!
First, I want you to notice that I did say passive income streams…with an s. As in plural. As in not just one passive income stream.
Just wanted to make sure I pointed that out.
Ok so here’s the deal. I’ve spent my entire life growing up and knowing I was different. Knowing that I wanted EVERY DAY to feel like the weekend. That thought led me into the entrepreneurial world of side hustles.
Basically, I kept starting businesses until I found one that worked. In 1999, I realized that real estate investing was going to work.
As I progressed in the real estate world I decided I was more interested in PASSIVE INCOME STREAMS then in active income streams.
You see for me? I wanted to enjoy life NOW. While I was younger, healthier, etc. I didn’t want to have to wait until I was 60, 70, 80 etc. when it was time to retire.
I finally realized that having a j-o-b wasn’t going to get me to where I wanted. Also, working actively in real estate as a flipper, rehabber, wholesaler, etc. wasn’t going to get me there either. Why? Because I always had to be WORKING in order to make money.
I read this quote by T. Harv Eker, author of “Secrets of the Millionaire Mind”, and he said “You become financially free when your passive income exceeds your expenses.”
WOW! That was me. My world shifted after I read that. I stopped wholesaling, stopped flipping, stopped it all. Was only interested in passive income streams. Got set into only wanting rental properties (I had 1 single family rental at the time) but wanted to expand into apartment buildings.
Also, I discovered the world of owning ATM machines. (Yes I know saying machines after ATM is redundant, but it just sounds better that way lol)
The passive income streams that I started to acquire in my life really made a difference in my personal time freedom and in my bank account.
I was blown away by the passive income that came from owning ATM machines. The cool thing was they were a lot like real estate investing. So, it was comfortable for me to really get into the ATM business and accumulating passive income from them. I sometimes can be heard calling my ATM machines my “mini” rental properties without the tenants and toilet hassles! hehehe
I’d like to list for you now all of my passive income streams that I have at this point in my life. Keep in mind they don’t all make a lot of money. Most of them just have money trickle in…..but the 1st one on the list is where I make real decent passive income. The next 2 are decent…the remaining……money trickles in, but it still comes in.
Here is the list of my passive income streams:
1) Passive Income from the ATM Business. I own ATM machines. This business accounts for about 90 to 95% of my passive income.
2) Passive Income from Rental Real Estate. I currently own 1 single family residence. I have it sold on a lease/option basis and when it’s officially gone I will probably never own a single family rental again….just apartment buildings.
3) Passive Income from Online Marketing. I suppose I could really break online marketing down into so many categories but for now I’m going to leave this passive income stream as just online marketing. I own websites like this one and Gay Marriage Guide and ATM Business Blueprint, etc. etc.
4) Passive Income from Affiliate/Referral Partner Marketing. This could have been put in the online marketing category but I figured I’d leave my own personal sites and others stuff separate. So, I get paid for referring other peoples products or for putting google adsense on my websites or for selling amazon products, etc.
Just a note though: I’m not like a lot of affiliate marketers. What I mean by that is I’ll only refer an affiliates product if I have used it personally or have at least seen it and feel comfortable that it will do what it says it will.
Here’s a site that is mine that I’m a referral partner with: BBW for Dating.
5) Passive Income from Network Marketing. I am involved with Starion Energy. The reason I love them so much and feel they are the best energy company for me to work with is because they have something called a Utility Advocate program. This is a program that allows me to help any business owner that I put my ATM in their location (or any business owner in general all across the U.S.) Basically, as a utility advocate, we (they lol) will go over the business owners utility bills for the past 4 years (for FREE); water, sewer, phone, merchant services, electricity, gas, etc. And if any mistakes were made we will cut the business owner a check. Plus, we’ll keep an eye on their utilities for the next 3 years (and cut them a check every month if they are being over charged.) It’s a good deal. Makes me look good whether I put my ATM in a location or not. And it’s passive income.
6) Passive Income from Profit Sharing. I use to be a Realtor with Keller Williams Realty. I brought quite a few folks into the organization and when I left I was vested in their profit sharing program. So, now one of my passive income streams comes from Keller Williams paying me every month. Pretty cool, huh?
7) Passive Income from being a Private Money Lender. I am also a private money lender. Which means that I have money that I lend out for a certain rate for investments that I’m interested in. I generally use my Self-Directed IRA account to do this. I also, get private money for my ATM business from other folks looking for passive income as a private money lender. (Pretty cool, eh?)
8 ) Passive Income from Miscellaneous. I just put this here just in case I missed any lol Sometimes, I lose track of my passive income streams. Now, I don’t spend much time on all of these passive income streams. It’s really just the first 3 that I concentrate on. But the rest…still keeps coming.
Hope this gives you some ideas about passive income streams and let’s you finally realize that you can choose how to spend your time in your life when you own enough passive income streams.
If you’re interested in the ATM business then go here for some free information so you too can add it to your list of passive income streams in your life.
What are some of your favorite passive income streams that you currently have?
I want to share my experience that I had at Peak Potentials Never Work Again seminar
If you’ve never heard of the Never Work Again seminar it’s 4 days of speakers teaching
about different passive income ideas.
For those that are new to the whole passive income concept here is a definition for you:
Passive income is an income received on a regular basis with little to no effort required to
A quick and easy example of passive income is when you go to your local bank and
deposit let’s just say $100. Well you don’t have to ever do anything with that $100
and you will still make money in that account, known as interest.
Well that interest is passive income. Of course, no one is going to become wealthy
off of the insanely low interest rates that banks pay, right?
That’s why it’s essential that you look for different, more lucrative passive income
In 2009, my partner (now wife) and I attended Never Work Again as attendees. We
had started an ATM business and were making great passive income with it.
But we became addicted to passive income. We wanted more passive income streams.
So, we attended Never Work Again. It was awesome. In 2009, T. Harv Eker was still
the big dog behind Peak Potentials (who put on the seminar.)
It was my great honor and pleasure to be a speaker at Never Work Again on
November 30, 2012.
It was unbelievable to teach folks about my passive income stream that is so
dear to me: The ATM business and owning ATM machines.
The staff was fantastic and so friendly. The attendees…well they were just
The people in the audience (the attendees) is who speakers get up on the
When I was an attendee in 2009, I saw all of the speakers on stage who
were making a difference in peoples lives. I can only hope that my
experience on stage as a speaker at Never Work Again in 2012 actually
made a difference in peoples lives as well!
Always remember to create multiple streams of passive income; not multiple streams of debt!
Click here to discover how easily you can add the ATM business to your passive income toolbox.
Here’s a pic of me with the new big dog behind Peak Potentials, Adam Markel (by the way, he’s a sweetheart!)
Hereâ€™s another ATM Video Vocab. This is episode # 8 where I tell you why having a proper ISO is so important to your ATM business. These ATM Video Vocabs are a great way for you to learn about the ATM business before you begin your journey of starting your own ATM business.
Hereâ€™s another ATM Video Vocab. This is episode # 7 where go over what the interchange fee is and why this could be a little revenue stream with your ATM business. These ATM Video Vocabs are a great way for you to learn about the ATM business before you begin your journey of starting your own ATM business.
Welll, I’m finally rocking and rolling along here. Had some minor “issues” with a friendly little website hacker.
All of my sites are in the process of being moved to a new host. But anywho, I read this rather interesting
article on MSN the other day about social media and real estate.
Now, before you click on the link to read it, keep in mind that it’s talking about residential home buyers
and sellers. However, I totally think you can see where I’m going with this and how it can apply to a real estate investor’s
biz as well.
Here’s the link to the article: Ways you should NOT use social media in your real estate business
And now that you’re thinking about it…..this can apply to your ATM business as well. Talking about
hot locations where you have your ATMs? Talking about where you’re trying to place an ATM?
Definitely ways for folks to make you wish you hadn’t posted that info on Facebook or Twitter!
What did you think of the article? Agree? Disagree? Did social media ever bite you in the butt?
Are you seriously up for a challenge? I am. And that’s why I’m making this post. Many of you know that I currently work a full-time job, along with running my ATM business and of course, I have my real estate business (which has been stagnant while I worked on my course for starting an ATM business.)
Anyway, I’m ready to quit my job! But of course, I have a significant other to worry about and a family, house, all of that good stuff. Mostly Kathy tho, my significant other/fiance’ (we’re getting hitched in September!)
So my challenge for myself and for you is to come up with ways to REPLACE your income from your job. Then make it happen for 2 to 3 consecutive months. The key here is CONSECUTIVE. You don’t want to do it after 1 month because it could be a fluke, right? Plus, the more months you go, the better it will be to let your significant other know that you’re bailing your J-O-B!
Now, my ATM business can replace my job salary now BUT I have a job for 1 reason and 1 reason only. To help get us out of debt that we have. If it wasn’t for debt, I wouldn’t have a job. So that’s why I still want to REPLACE my current income because I don’t want to take any money away from out debt (and I’m sure neither does Kathy.)
My method to get out of my job quickly will be real estate. And I’m going to use a method of real estate that I’ve never done before, so that’s why this will not only be a challenge for you should you choose to take on a new method, but it will still be a challenge for me.
Once I complete my challenge (and I will) I will share with you the method in real estate that I chose.
Oh and did I mention a prize? For anyone who posts below and tells me they are up for a challenge and let’s me know what method they will take to replace their current income from their job AND THEN, here’s the key…..and then prove that for 2 to 3 consecutive months you were successful at replacing your current income well you will win my course: ATM Business Blueprint.
This challenge is ONLY FOR PEOPLE WHO WANT TO FIRE THEIR BOSSES!!! If you have no desire to quit your job and start making money on your own, then please do not enter this contest.
That is my way of motivating you. Because you can then use my ATM course to catapult your passive income. Multiple streams of income baby, right? So with your new method of replacing your income and your soon to be new ATM business (because you won this challenge) you will always have multiple streams of income!
Soooo who is up for the challenge? Let me know below. The challenge starts TODAY!
Oh and a quick P.S. Thank you to Bill Walston from BillOnBusiness.net for this motivation that I needed 😉
P.S. If you want to see what your prize will be when you win this challenge….check it out here: ATM Business Blueprint.
So I don’t exactly have a green thumb but if gardening helps me get new ATMs placed then perhaps I’ll pick up the gardening hobby.
Sunday Kathy, her older sister and I were gardening all day at our house. It is so not fun for me, but alas it’s my house too. Well I began to dig out one of our rose bushes because we were moving it.
Next thing you know: CRACK! SPLAT!
I look and there apparently was a robin’s next in there and 3 little robin’s eggs cracked. I felt soooo horrible (I’m a huge animal person.) Anyway, Kathy and her sister told me to stop with the bush and get some lunch for all of us.
I head to a local place around us that makes cheese steaks. They have a minimum for credit card orders but I forgot what it was. I ask the lady. She said $10.
I say no problem. Then I follow that up with…..are you ready for this? “Have you guys ever thought about putting an ATM in here?”
Simple, eh? It’s one of the key phrases I teach in my ATM Business Blueprint course.
Well she proceeded to tell me that they use to have one but it was always out of order and the ATM owners never kept it filled with cash. So they got rid of it.
I told her about how I own a small, local ATM business and I live 5 minutes away so keeping it in service and loaded with cash isn’t an issue.
She was thrilled and gave me the owners name and phone number. Now I left the owner today and I don’t know if we’ll end up putting a machine there or not, but the point of this entire post was for you to learn this key phrase: “Have you ever thought about putting an ATM in here?”