BONUS CLIP: Best Side Hustles For 2023
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 13 September 2022
⏱️ 16 minutes
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Summary
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Make $15,000 Per Month — The Ultimate Side Hustles | Investment Joy - https://youtu.be/ccNktWyNaIw
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Brandon and I discuss side hustles for beginner entrepreneurs! One of the side hustles that excited me and that I would personally use is a subscription laundry service!
Comment a side hustle you think is great!
Side hustles, side hustler, side hustles to start, best side hustles, vending machine, laundromat business, small businesses to own
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | On this podcast clip, I had investment joy on to talk all about these different side hustle businesses that he's got going on, |
| 0:07.2 | like owning different vending machines, owning laundromats, and all these boring things that have been making money a long time. |
| 0:14.6 | So if you want to learn how those work and how you can make money owning vending machines and other things, watch this clip. |
| 0:20.5 | So tell me about the economics of the car wash. |
| 0:23.6 | They're just, they're everywhere. We've been able to buy these two. We're negotiating two more deals right now. |
| 0:30.8 | They're cash generators like laundromats, but for my perspective, they're easier to make even bigger. |
| 0:36.1 | Because you think about the laundromat industry for better words that's declining. |
| 0:40.9 | I think that you're going to see a lot of ubers for laundry soon, where you're just going to show up to people's houses. |
| 0:46.4 | Dude, I would go to that. |
| 0:47.3 | You're going to pull everybody's laundry out. You're going to have a branded box as you're going to take it to laundromat, |
| 0:51.2 | because you can't really do it in your house. You need the commercial equipment that only a laundromat house. |
| 0:56.0 | And then you're going to wash dry fold. You're going to deliver it back to the house. |
| 0:59.6 | And you're going to charge people 50 bucks a month. |
| 1:01.6 | So I think that at some point, laundromats are going to be on the increase in scale. |
| 1:06.8 | I talked to one guy that has one laundromat. He's making 75 grand a month off it. |
| 1:11.5 | One location. Dump a little laundromat. It's about the same size of what I have. |
| 1:14.8 | Wow. |
| 1:15.2 | And he's doing that. I'm like, okay, so I see where I can scale this with a laundromat. |
| 1:18.3 | But industry wide over the past 10 years, laundromats have declined like five and a half percent. |
| 1:24.6 | Car washes on the other hand in the past 10 years have increased 12 percent. |
| 1:28.0 | And this year 2021, they expect that car washes are probably going to increase like three percent. |
| 1:33.2 | One of the best years we've had in car wash, the car was industry in years. |
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