Striking Gold: Investing in Laundromats
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 29 March 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
Jordan Berry went from being a pastor to striking gold investing in laundromats. His journey's a rollercoaster, from dreaming of Hawaii to diving into the world of laundry. Jordan shares the highs and lows, from snagging laundromats to facing unexpected hurdles.
We'll talk about why he made the leap, the perks of laundromat life, and his tips for budding entrepreneurs.
Plus, Jordan dishes on what's shaking up the laundry business and where it's headed.
Get ready for a lively chat on thriving in the world of laundromat entrepreneurship as we talk with Jordan Berry about:
- The transition from pastoral vocation to laundromat entrepreneurship
- The allure of passive income and financial freedom in the laundromat industry
- Navigating the complexities of acquiring and managing laundromats
- Overcoming setbacks and failures on the entrepreneurial journey
- Emerging trends and innovative strategies in the laundromat industry
- Practical advice and resources for aspiring laundromat entrepreneurs
- The future of the laundromat business and its potential for growth and profitability
- Jordan's vision for the future of laundromat entrepreneurship and its impact on aspiring entrepreneurs
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Phil Weiss | Apprise Wealth Management
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.8 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.2 | Hello, the Smart Money Tree podcast listeners. |
| 0:13.1 | Welcome to this week's show. |
| 0:14.1 | My name is Kirk Chisholm and I'll be your host. |
| 0:16.3 | So today I'm joined with Jordan Barry. |
| 0:18.4 | How are you doing you, Jordan? |
| 0:19.8 | I'm doing awesome. |
| 0:20.7 | How are you doing today? Doing'm doing awesome. How you doing |
| 0:21.0 | today? Doing great. Well, glad to having the show. This is an interesting topic for me, |
| 0:24.8 | so glad to have your insight in here. Tell the listeners a little bit about your background before |
| 0:29.6 | we begin. I was a pastor, actually, for almost 15 years. And as I was merging out of that, |
| 0:36.3 | doing that vocationally, trying to figure out what to do with my life after being a pastor for so long, I stumbled upon buying a laundromat. |
| 0:46.2 | And that was about a decade ago. And I found myself, you know, neck deep in the laundromat industry, which is a weird little turn in life, never really knew anything about laundromats or anything. |
| 0:58.7 | But that has been the playground I've been playing on for the last decade or so. |
| 1:04.2 | Did not have a great experience, which we can talk about, getting into the business. |
| 1:08.8 | And it led to me starting a platform to help people get into this |
| 1:12.6 | business the right way the first time and helping people who are already in this business |
| 1:16.6 | to improve their business and achieve financial freedom. |
| 1:21.5 | So what was it that caused you to get into the laundromat business in the first place? |
| 1:25.0 | It's kind of a weird thing to get into out of the blue. |
| 1:28.0 | So what grew that? Sometimes I just like look around and be like, is this my life? How did I get here? |
... |
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