Former cop turned self-made millionaire Paul Alex from San Diego shares how he made big bucks by buying ATM on 'Fox & Friends'
NEW YORK CITY, NEW YORK: San Diego resident and former police officer, Paul Alex, appeared on the January 8 episode of 'Fox & Friends' alongside co-host Lawrence Jones. During the discussion, he shared insights into his journey of becoming a self-made millionaire and reducing his workload.
Formerly a narcotics detective in Oakland with an 80-100 hour work week, Alex delved into a side venture in 2017 by purchasing an ATM for $2,000. The returns he experienced left him pleasantly surprised.
The rapid expansion of the ATM venture
Recognizing that he couldn't devote as much time to his family and loved ones as desired, Alex took heed of his friend's suggestion to invest in an ATM.
"Within 18 months I was able to land 30 locations in the San Francisco Bay area," he said. "That made me financially free, covered all of my bills, reduced the 100 hours I was working per week as a detective to 40 hours."
"From there, I diversified. I started getting into digital marketing," he added.
Paul Alex attributes his success to a book
"I know it sounds cliche, but it all started with a $5 book called 'Digital Millionaire," explained Alex.
Leveraging its assistance, Alex asserted that he successfully launched his inaugural online program, ATMTogether.com, within six months.
The program aimed to assist ordinary individuals in achieving success by establishing a supplementary source of income for themselves and their families.
The cost and profits of the ATM venture
Jones listed out the earnings from an ATM as a $3 surcharge fee, $220 monthly withdrawal, $660 monthly revenue, and $500 monthly profits.
"Anyone can do this," assured Alex.
"This is a low-risk investment, especially for someone who is a younger person or someone who doesn't have a high salary."
"You can start with less than $6,000 if you want to go and find your own location. You can buy the actual ATM (and) look at free educational videos online on my platform," he continued.
Alex shared that he does live training and provides free resources online, as he wants to help others. "I think it comes with being a first responder," he stated.
