Brandon Schlichter: The Man Who Makes MILLIONS From Laundromats & Car Washes | Investment Joy
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 11 June 2023
⏱️ 64 minutes
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| 0:00.0 | You're never going to be able to make money doing that thing that you wish you could do. |
| 0:04.8 | If it's between something with a very high bar of entry and something that you could do |
| 0:09.2 | that could make you six figures in the next three years, it would be a much better choice |
| 0:13.1 | to do the thing that's going to make you the money and then you can go pursue that passion project in ten years. |
| 0:20.0 | Brandon, in your experience, what are the weirdest business models that make the most amount of money? |
| 0:27.6 | It would be hard for me to put my fingers on one thing. I like my car washes. |
| 0:34.4 | I've talked a lot of people and they just don't understand how a car wash could ever make any money |
| 0:38.3 | or a laundromat could ever make any money. I like dog grooming. I know a couple people that are |
| 0:44.2 | pulling mid six figures, getting close to a million dollars a year off of taking care of people's |
| 0:50.0 | dogs. It's just one of those things. If you just can find a need to fill for somebody else, |
| 0:57.5 | there's unlimited amounts of money. Brandon, one of the things that really fascinates me about |
| 1:02.6 | your portfolio of businesses, if I've done my research right, is in a world where we're moving |
| 1:07.7 | towards AI and tech and internet, you seem to have a portfolio of very traditional businesses, |
| 1:15.2 | laundromats, car washes, physical businesses. Is that a strategic thing? |
| 1:21.9 | I would think so. For me, I hate to use the term passive income because I still spend some time |
| 1:28.0 | in my businesses, but I feel like with laundromats, car washes, vending machine, and my real estate |
| 1:33.2 | portfolio, it's very much a time leveraged business. I don't have to go and physically collect rent |
| 1:40.4 | for my tenants every month. I don't have to go to my laundromat or car wash and collect money |
| 1:45.2 | every day. There's machines. They do a lot of the work for me and then I'm reaping the benefits of |
| 1:50.9 | setting up those processes and systems to get money. Why don't you like using the phrase passive |
| 1:56.9 | income? Because it requires at least a little bit of work. I'm at a point in social media that I |
| 2:02.4 | run into a lot of people and they say, oh, I'm just going to go out and buy one of these businesses |
... |
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