From Police Officer to Multi-Millionaire Investing in ATM’s (With Paul Alex)
The Personal Finance Podcast
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Using Assets to Buy Liabilities
You have to have multiple streams of income. Otherwise, you're one person's decisions away from being completely broke and having no income at all. So instead of actually spending your active income, do not use that cash flow to buy liabilities. Instead, go invest in assets like either ATMs real estate or tenant-based deals. Think about where is that cash flow coming from? Is it coming from the check I have to go and work for on a daily weekly monthly basis? Or is it actually coming from an asset like ATMs, my real estate, which I'm barely doing any work for, guys. It's making me money while he sleep, okay?
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