Business savvy dad surprises his 4 kids with ATM business to make their own cash
- William Moxey, a father has surprised his four kids with their own ATM business called QuickBuxNow
- The 34-year-old entrepreneur said he settled on the idea to teach his kids financial literacy while they make money doing what they love
- William Moxey, who owns other thriving ventures talks about his journey, business and family
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William Moxey, 34, better known as Moxey and father of four, is instilling entrepreneurial spirit and values into his children.
The businessman attracted attention on social media when he surprised his kids with their own ATM business, QuickBuxNow, with hopes of teaching them the values of financial freedom and money management.
According to atlantablackstar.com, Moxey said he started off by selling CDs, and that gradually grew into selling T-shirts and sneakers.
''I was kind of born into the whole entrepreneur-type lifestyle because I was raised by a single mother,'' Moxey told Atlanta Black Star in an interview.
Moxey credits his mother, who currently owns 3 Hair in Motion of NY hair salons in Florida, with piquing his interest in owning his own businesses.
READ ALSO: From JHS dropout, table-top phone dealer to CEO: Andrew Keche's wife shares her powerful story (video)
His first venture into the business world came in the form of an eco-friendly affordable wallet company called Noso.
Moxey turned to KickStarter to help him fund the company, which turns upcycled bike inner tubes into sleek billfolds.
Not only did he meet his KickStarter goal, but he also garnered the attention of his local news outlet, which led to over 500 units being sold in five days.
For his next feat, Moxey opened a hookah lounge with his best friend, as well as a nightclub before landing on the more ''family-friendly'' environment of an art gallery.
Moxey decided the ATM business was the way to go because of what his kids ultimately could learn from being involved.
He said the idea was the best because of it’s passive income and it would also teach his kids financial literacy while they make money doing what they love.
Before surprising the kids, he took the time to educate himself on the business, doing his own research and receiving knowledge from a friend that was familiar with the industry.
Since banks are the largest owners of ATM machines, getting into the business and running it as an individual understandably remains a mystery for some.
The machine itself can cost up to $5000, according to Moxey.
Moxey views his kids as his business partners, so hiding the surprise from them wasn’t easy, but in the end, it was worth it for the proud father.
The kids, aged 16, 13, 11, and 6, spend about five hours a week working on their business, and all have their respective roles to play.
The oldest two serve as the ''muscle,'' loading and unloading, handling installations, drilling the machines to the floor, and activating and programming them.
Moxey’s 11-year-old daughter is the numbers girl, overseeing accounts and keeping track of which stores need to be reloaded; and the youngest acts as assistant manager to dad, helping make sure his older siblings are keeping things on track.
QuickBuxNow currently has ATMs in two locations in Orlando, Florida, the first of which was an act of kismet.
In addition to Noso and QuickBuxNow, Moxey’s other businesses include an art gallery and event space called Loud Gallery, which he co-owns with his best friend and brother-in-law, and house rehabbing/flipping company, Dream Rehomes.
In other news, Joana Grey Cudjoe has shared her humbling start in life and how she started her gold dealership company.
The CEO of Golden Empire Legacy Limited revealed that she started as a space-to-space worker and later as a table-top phone dealer at Kwame Nkrumah Circle.
Joana Grey Cudjoe sat for an interview with Kwaku Sintim-Misa to share her journey to making millions.
READ ALSO: From JHS dropout, table-top phone dealer to CEO: Andrew Keche's wife shares her powerful story (video)
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Source: YEN.com.gh
