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How to Add More Income Streams to Your Life
Description
The average millionaire has 7 income streams. We discuss 2 income streams today—ATMs and Car Washes.
They're low touch, more passive than turnkey real estate investing.
With ATMs, is cash use on the decline? Not among the demographic they serve. We discuss the future of cash use.
Some ATM users pay a $3 surcharge to access a $20 bill. That's why it's profitable.
You can buy a unit of five ATMs. They've provided a 26.1% cash-on-cash return and high tax advantages. It's returned $2,262 per month.
Learn more about ATMs at: GREmarketplace.com/ATM
Car wash profits are enhanced with a subscription model. Few on-site employees are needed.
You can invest alongside a tech-forward car wash franchise, Tommy's Express Car Wash.
The WSJ stated that no business other than car washes can create this much profit on a one acre lot.
As society changes, EV, gas-powered, and diesel cars must all go through the car wash.
ATMs and car washes demonstrate high operating margins and many tax advantages. You must be an accredited investor.
Learn more about car washes at: GREmarketplace.com/CarWash
Resources mentioned:
Show Notes:
Learn more about ATMs:
Learn more about Car Wash investing:
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: info@RidgeLendingGroup.com
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Speaker 0 (00:00:01) - Welcome to GRE! I'm your host, Keith Weinhold. It's been said that the average millionaire has seven different income streams. We're going to discuss two distinct income streams that you can add to your life today that lie on the periphery of real estate investing. They are low touch for you because they require little or no management. Today on Episode 448 of Get Rich Education.
Speaker 2 (00:00:29) - You are listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.
Speaker 0 (00:00:52) - Welcome to G R E from Altoona, PA to Saskatoon, Saskatchewan, and across 188 nations worldwide. I'm Keith Weinhold. This is Get Rich Education. Well, you can't have j