• 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> Tech News

Published 09:19 4 Jan 2024 GMT

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

Paul Alex quit his job in the police force to make millions off his side hustle.

Prudence Wade

Prudence Wade

Featured Image Credit: Instagram/paulalex
Bitcoin
Cryptocurrency
Instagram

Advert

Advert

Advert

ATMs are literal money machines, but we doubt you've ever thought about how you might make some cash off them.

Paul Alex, who is now based in Miami, has done exactly that - and he's been sharing all of his secrets on Instagram.

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.

Hardly a salary to be sneezed at, but Alex wrote on Instagram he was having "3 hours of sleep daily, [and] gave everything to my job."

So he decided to make a change, and when he was 29 he "started an ATM business hoping to quit my job one day".

Advert

This was 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 negotiated with the owners to get them to agree to have his ATMs in their locations, and also had to manually fill them with cash.

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.

Now 35, Alex says he's a millionaire and has seven income streams - along with the ATMs, he also owns a credit card machine business, a Bitcoin ATM business and dabbles in real estate.

Paul Alex says his seven income streams helped him become a millionaire.
Instagram/paulalex

Advert

According to Alex, getting into the ATM business ultimately let him quit his job, make $20 million, retire his parents and buy a $2.9m house.

Pretty good going, right?

Plus, there seems to be more than a few other perks to being a millionaire in your 30s - Alex talks a lot about smart investing and how to make side hustles work for you on Instagram, while also showing off some of his flashy purchases, like a Porsche.

But don't go calling Alex an overnight success.

Advert

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

"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."

  • Man who bought an ATM for $2,000 reveals how it now makes him millions
  • Man who lost $632,000,000 Bitcoin wallet sues council over fortune 'lost in tip'
  • Man who lost $630,000,000 bitcoin fortune in tip looks to purchase entire landfill where it was thrown
  • How much you'd have made if you bought $100 of Bitcoin ten years ago as currency reaches record high

Choose your content:

4 hours ago
5 hours ago
9 hours ago
  • 4 hours ago

    Elon Musk has chilling warning for future of America following latest Senate draft bill

    The Trump vs Musk feud is back

    News
  • 4 hours ago

    Fire safety experts urge drivers to remove these three items from their cars immediately

    To save your tech and maybe even your vehicle

    News
  • 5 hours ago

    Rare earth minerals discovered on 353,785-acre Texas ranch could power everything from smart phones to military weapons

    The discovery was made on state-owned land

    Science
  • 9 hours ago

    Shocking amount of money Jeff Bezos donated to Venice ahead of controversial $50,000,000 wedding

    With tons of big guests in attendance

    News