• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Man who bought an ATM for $2,000 reveals how it now makes him millions

Home> News

Published 13:03 6 Sep 2024 GMT+1

Man who bought an ATM for $2,000 reveals how it now makes him millions

One purchase led to him making millions

Emily McIntyre

Emily McIntyre

We use ATMs almost every day, and although they give us our money, we doubt you’ve ever thought about how you might actually make some cash off them for profit.

Paul Alex, however, has done exactly that - and he’s encouraging others to do the same.

The Miami based entrepreneur has been sharing all of his secrets on Instagram, revealing how he managed to quit his job and make a living from his ‘side hustle.’

Advert

First up, a bit of his backstory - Alex became a police officer at 26, eventually making his way up to a detective at age 28, making over $200k a year.

Despite making a healthy salary, Alex wrote on Instagram that he was suffering outside of work, having "3 hours of sleep daily, [and giving] everything to my job."

After deciding to make a change when he was 29, he instead "started an ATM business hoping to quit my job one day".

Advert

So, back in 2018, he started buying the machines and grafting to work out where they might be best placed to make the most money, scouting out locations like barber shops and liquor stores.

He then negotiated with the owners to get them to agree to have his ATMs in their locations, where he had to manually fill them with cash.

Sounds like a lot of work, but the rewards were soon to follow.

In the first month, Alex said he had one ATM and was making $500 a month - by month 18, he had 30 ATMs and was making $15k a month.

Advert

Now, 35 years old, Alex says he’s a millionaire and has seven income streams.

Alongside his ATMs, he also owns a credit card machine business, a Bitcoin ATM business and dabbles in real estate.

Instagram/paulalex
Instagram/paulalex

He was even reportedly able to make $20 million, retire his parents and buy a $2.9m house.

Advert

It can't get much more rewarding than that!

It comes as no surprise that there seems to be a few other perks to being a millionaire in your 30s - Like some of his flashy purchases, like a Porsche.

But don't be mistaken, Alex was not an overnight success.

"My overnight success took me 9 years," he wrote on Instagram.

Advert

"It all came down to working hard, saving up my money, and building businesses while working my 9-5 until my side hustle exceeded my 9-5 income."

Featured Image Credit: Instagram/paulalex
Cryptocurrency
Tech News

Advert

Advert

Advert

  • Man who bought an ATM for $2,000 reveals how it now makes him millions
  • Microsoft users warned to act now as millions of passwords will be deleted soon
  • ChatGPT urges user to warn the public as it makes shock admission that it's trying to 'break' people
  • Everyone who owns an iPhone, MacBook or iPad needs to know what's happening later today

Choose your content:

14 hours ago
16 hours ago
18 hours ago
  • 14 hours ago

    How a bike shop owner accidentally discovered he was Jeff Bezos' dad after making 'big mistake'

    He described his relationship with the billionaire as the 'biggest mistake of his life'

    News
  • 16 hours ago

    Sam Altman calls out Mark Zuckerberg with claims Meta tried to lure OpenAI staff with $100,000,000 salaries

    The OpenAI CEO has claimed that Meta are offering its staff enormous signing bonuses

    News
  • 16 hours ago

    Elon Musk beams uncensored internet to Iranian population through 20,000 hidden satellites

    Some say it's the 'final nail' in Iran's coffin

    News
  • 18 hours ago

    Every citizen who would be drafted if the US went to war tomorrow following Russian general's declaration of WW3

    Millions would be called forward to fight

    News