REI Wealth Monthly Issue 07 | Page 48

IS THE ATM BUSINESS RIGHT FOR YOU? CAREY BUCK T. Harv Eker says in his book “Secrets of the 4) You like the idea of getting a pretty decent Millionaire Mind”, that “you become financially free return on your investment for little effort and when time invested on your part. your passive income exceeds your Myself and my expenses”. Some people like using one passive students have seen ROI’s of 18%, 20%, 40%, income stream to get there and others like multiple 200%, 400%, etc. streams of passive income! You know, the whole don’t put all of your eggs in one basket thing. 5) You understand that nothing that I said in #4 above, about potential returns in your ATM You are ok with putting in a little bit of effort business, is guaranteed. It’s all up to you, and time into your ATM business in order to 2) and how you work your ATM business. achieve a lifetime of passive income with your ATM machines. The ATM business is a 6) You understand that having a plan for where business, so therefore it requires a little bit of you want your ATM business to take you is time and effort on your part. Just like real the best way to start your ATM business. estate investing, you will not get rich overnight Your goal is to ultimately follow your plan until by not working in the ATM business. you achieve what you were after with your ATM business. The ATM Business is Not Right for you if: 1) You believe that passive income is an unrealistic way to create income on a daily, weekly, monthly and yearly basis. 2) You think that you don’t have to put in any effort or time to achieve a lifetime of passive income in your life. Passive income is an income received on a regular basis with little to no effort required to maintain it. Generally, 3) You are someone who likes to educate if you want better returns for your passive yourself about the best practices and best income stream, then you are going to have to techniques to use in the ATM business to increase your profits. put in a little bit of effort. If you’re not willing to Therefore, when do this, then the ATM business is not for you. something you’re doing doesn’t meet those best practices and tips, you are able to recognize this, re-evaluate, and fix it. 3) You are someone who doesn’t really like to educate yourself about an opportunity