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Wealthy Way

Make Millions With Boring Business | Investment Joy

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 22 January 2023

⏱️ 61 minutes

🧾️ Download transcript

Summary

Boring businesses that actually make millions…

Check out Tykes Unleashed here https://www.tykes.io/tykes-unleashed

For only .99 CENTS order my new book “The Wealthy Way: Don’t Go Broke Trying To Get Rich” and get FREE access to my new course “Business Builder Academy” where I go over all the fundamentals of building a 7-figure business.

https://www.wealthyway.com/book
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Want to be coached by me on real estate investing? Apply at https://wealthyinvestor.com

Are you an entrepreneur who wants to build their personal brand on social media? Go to https://wealthycreator.io

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Need tax and accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/

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Some laundromat businesses rake in 5 million dollars per year! Two essentials here are margins and good operators/managers. These managers must be empathetic, but must know numbers too (which also applies to real estate). If they can’t do both, your business likely won’t make it. Laundromats aren’t for everyone, but have consistent cash flow and are needed even during recessions.

It’s easier to start in real estate. If you’re not ready to commit to that, a baby step is to buy a vending machine. Buy one used and update it for credit cards, then find a place where there’s a lot of transit or waiting people nearby. ATM’s can be even better than vending machines, though they carry a higher risk of theft.

Another investment opportunity coming up is Tykes Unleashed. This is a group for anyone who wants to invest in ventures that Ryan has a hand in. Look into it today!

Car Washes are simple too, composed of land, concrete, and machines you can update with new technology. There are even car wash subscriptions in some businesses, though people rarely use them more than once.

Starting from zero? Join the Real Estate group nearest to you. Find someone who knows their stuff and ask them what they need. Offer to work for them for free for the next 3 months, and “After that you’ll pay me for the work that you need me to do.” You’ll gain the experience you need!

Holiday decorating would be a great business too, especially if you store people’s decorations for them and offer a decade subscription.

There are several ways to begin your Wealthy journey, pick one and get started now!

Transcript

Click on a timestamp to play from that location

0:00.0

The average good laundromats doing 25,000 a month.

0:04.2

I know one guy that runs a little HVAC company

0:06.5

they're doing over 5 million a year.

0:07.8

30% of your people wash their car once a month.

0:10.6

So at a 29.95 you are printing cash.

0:14.2

I have a tent, I buy my product,

0:16.2

so I'll make $50,000 to $100,000 in three weeks.

0:19.2

All right, I'm back with the side hustle legend

0:22.9

as I like to call this guy.

0:24.0

You may have seen him on YouTube and everything else.

0:25.9

He's got a couple of laundromats, he's got some car washes,

0:29.2

he's got over 100 rental properties,

0:31.3

he's got over 5 million followers cross-social media,

0:34.1

over 40 vending machines.

0:36.6

He's doing the boring business model

0:38.3

that my good friend Cody Sanchez likes to do as well.

0:41.1

He's a good dude overall.

0:42.7

I got none other than investment joy.

0:44.6

What's up?

0:45.4

What's up with you?

0:46.7

You know, so this our second episode,

0:48.4

I was looking and I was like,

...

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