I have said it before, but the wealth formula is not just about real estate. it’s about owning things. If it’s real and it makes you money, it’s an asset and that’s all that matters.
Obviously you can layer some conditions on top of that. For example, you may want to only invest in things that are tax advantaged. You might only want to invest in those things that are required to live.
Automatic Teller Machines (ATMs) certainly fit those criteria. Investing in ATMs can be quite profitable and, because you are buying a real piece of equipment, the government allows you to write off the full amount of your investment over 5 years. Not a bad deal right?
We also need money to live and while non-cash payments are becoming more and more common, the overall use of cash globally has actually increased over the last several years. Especially those in lower socioeconomic situations still really on cash as a primary payment method and use ATMs as a type of bank.
When I heard about this opportunity, I was fascinated and I had to share it with you. I’m sure you will feel the same as you listen to this week’s interview with Daryl Heller of Heller Capital.