What Rich People Do With $20,000

What Rich People Do With $20,000 LAUNDROMAT MISTER BENNY INVESTED $20,000 IN A LAUNDROMAT. THREE YEARS LATER Year 1... Year 3... $3,000,000 PROFIT $ $3,000,000 HE WAS MAKING $3 MILLION. $20,000 IN A LAUNDROMAT. HANDS FREE WAS HED A SINGLE NEVER TOUCHED A MACHINE ITEM OF CLOTHING AT FIRST, MISTER BENNY KNEW NOTHING ABOUT LAUNDROMATS. HOW DOES THIS WORK?? LOOKING FOR A BUSINESS FOR SALE BUSINESS IDEAS SELL SHOES MAKE PIZZA TAX LEARNING TEACH PERFORMANCE LAUNDROMAT? BUSINESS IDEAS BUSINESS PLAN STRATEGIC THINKING PROCESS MARKET PROFIT REVENUE ASSET RUNS ITSELF RUN ITSELF WITHOUT HIM. NO BOSS NEEDED STICKMAN NOT HERE NO EMPLOYEES PAYROLL $0 HIRING NO MANAGING NEEDED SELF SERVICE SELF SERVICE WITHOUT EMPLOYEES AND WITHOUT CUSTOMERS TO MANAGING A LAUNDROMAT PERFECT RUNS ITSELF NO EMPLOYEES PASSIVE INCOME NO EXPERIENCE NEEDED SEEMED PERFECT. OPEN CLICK PEOPLE ARRIVED. PAID CASH ONLY AND THE MACHINE THE MACHINE DOES IT ALL COINS IN DIRTY CLOTHES IN CLEAN EVERYTHING OUT ZERO HUMAN EFFORT FOR RENT $2.5 - $$$$ SO MISTER BENNY A SPACE AND 10 MACHINES BOUGHT 10 MACHINES MISTER BENNY OPENED HIS FIRST LAUNDROMAT, GRAND OPENING OPENING DAY OPEN NOW OPEN AND THE FIRST MONTH WAS A DISASTER. DISASTER FREAK OUT BROKEN MACHINE NO. 4 BANG PIPE BURST AND WATER DAMAGE THE PLACE FLOODED PLUMBER BILL $350,000 MISTER BENNY RECEIVED THE PLUMBER'S BILL OUCH $4,000 MISTER BENNY OUCH STRESS $4,000 WAS FURIOUS PANIC STAY CALM NO PANIC BECAUSE HE LEGALLY PROTECTED CORPORATION LLC BUSINESS SIDE PERSONAL SIDE HOW IT WORKS CORPORATION MONEY LIABILITY BUSINESS SIDE PERSONAL SIDE IN A CORPORATION. TAXES PAID DEDUCTIBLE EXPENSES PROFITS RENT MACHINES REPAIRS UTILITIES TAXABLE INCOME = LESS! ALL BUSINESS EXPENSES ARE DEDUCTIBLE FROM PROFITS. SO THE CORPORATION EARNS $10,000 REVENUE RUNNING TOTAL $10,000 spin cycle spin cycle CORPORATION dining CASH REGISTER CORPORATION EARNS $10,000! AND SPENDS $4,000 ON REPAIRS REPAIR COSTS BUSINESS EXPENSE TAX CORPORATION $4,000 BUSINESS EXPENSE REPAIR TAX DEDUCTIBLE $6,000 TAXABLE ONLY TAXED ON $6,000 SAVINGS $10,000 $6,000 TAX CORPORATION $4,000 BUSINESS EXPENSE REPAIR PILE IRS EXTRA TAX NOT THIS COMMON MISTAKE 1040 IRS NOT ON THE TEN THOUSAND DOLLARS. BUSINESS EXPENSE TAX DEDUCTIBLE $4,000 REPAIR TAX DEDUCTIBLE PLUMBER BILL $4,000 THE GOVERNMENT ABSORBS PART OF IT WITHOUT REALIZING IT LEGAL TAX STRATEGY AUTOMATIC CORPORATION BUSINESS PAYS DEDUCTIBLE BUSINESS EXPENSE $6,000 REDUCED TAXABLE INCOME CORPORATION PAID $4,000 MISTER BENNY PAYS NOT THE WHOLE THING TAX DEDUCTION COVERS STICKMAN PAYS TAX DEDUCTION MONEY STAYS INCREASE REVENUE REVENUE REVENUE SCOREBOARD GROWTH STRATEGY MORE $ BIGGER OPPORTUNITY spin cycle spin cycle NEW ADDITION RECEIPT VENDING MACHINE + NEW BUSINESS ASSET MISTER BENNY INSTALLS PERFECT SPOT OF THE LAUNDROMAT CLEVER MOVE STRATEGIC THINKING PROCESS MARKET PROFIT REVENUE ASSET CLEVER BECAUSE HE STRATEGY CHECKLIST MARKET PROFIT REVENUE ASSET PASSIVE NON-PERISHABLE ONLY ONLY PUTS NON PERISHABLE PRODUCTS IN IT. FORGOT YOUR DETERGENT? WE GOT YOU PERFECT PRODUCT LIKE LAUNDRY DETERGENT CAPTIVE AUDIENCE ALREADY NOWHERE ELSE TO GO GUARANTEED SALES DEMAND REVENUE LASTS FOR YEARS YEAR 1... YEAR 2... YEAR 3... DETERGENT DETERGENT DETERGENT ZERO SPOILAGE NOTHING DUMPED DETERGENT DETERGENT DRIER SHEETS DRIER SHEETS SOAP PERISHABLE FOOD DETERGENT YEARS ON THE SHELF RIGHT PLACE RIGHT TIME NEED IT NOW BUY EXACTLY WHEN THEY NEED THEM DEMAND TIMING REVENUE THE MARGIN IS 100% BUY LOW SELL HIGH COST PRICE 100% 100% SIX 106 MONTHS LATER 106 MONTHS LATER. BANK BANK ACCOUNT CURRENT BALANCE $435,000,000 106 MONTH REVENUE THE SOURCE OF SMART & VENDING STEADY DEPOSITS (MONTHS 1-105) LAUNDROMAT GENERATED $30,000 REVENUE $30,000 THE LAUNDROMAT HAS GENERATED $30,000 IN NET = WHAT YOU ACTUALLY KEEP LAUNDROMAT GENERATED EXPENSES FILTERED BEFORE REPAIRS NET CASH FLOW GROSS INCOME NET INCOME NET CASH FLOW $30,000 $30,000 BUSINESS MONEY PERSONAL MONEY DO NOT TOUCH REINVEST DISCIPLINE $30,000 DON'T TOUCH THIS MONEY TEMPTATION DEPARTING FUNDS FOR OPPORTUNITY BUSINESS SIGNING A DEAL CONTRACT KEY DECISION MOMENT BECAUSE HE USES THE LEASE FOR A SECOND LAUNDROMAT. BUSINESS DEPARTING FUNDS FOR EXPANSION LAUNDROMAT #1 LAUNDROMAT #2 GRAND OPENING SOON 30 WASHING MACHINES INGENIOUS MASTER PLAN HE BOUGHT ONE BUSINESS BUYS BUSINESS 1x1=2 BUSINESS WITH THE HONEY FROM ANOTHER BUSINESS. LAUNDROMAT #2 LAUNDROMAT #3 NO PERSONAL MONEY USED LAUNDROMAT #1 NO PERSONAL MONEY USED PERSONAL SAVINGS = UNTOUCHED CORPORATE FUNDS BUSINESS FUNDS PERSONAL SPENT ZERO PERSONAL MONEY SPENT MAXIMUM SECURITY PERSONAL SAVINGS PERSONAL SAVINGS REMAIN INTACT. THE FULL JOURNEY LAUNDROMAT #1 VENDING MACHINES LAUNDROMAT #1 NET CASH FLOW LAUNDROMAT #2 LEASE ? WHAT WOULD YOU DO? THE ONLY LOGICAL THING... SO MISTER BENNY EXPANSION $300K LAUNDROMAT #1 LAUNDROMAT #2 LAUNDROMAT #3 HE OPENS ONE THIRD AND THEN NOW MISTER BENNY 1/3 1/10 MONTHLY INCOME $50,000 NET/MONTH PER MONTH 10 LOCATIONS RUNNING PERSONAL VAULT MAKES $50,000 NET PER MONTH SIX HUNDRED THOUSAND DOLLARS A YEAR LEFT $50,000 X 12 MONTHS = RIGHT $600,000 /YEAR OR ABOUT 600,000 DOLLARS A YEAR. $600,000 / YEAR ULTIMATE AUTOMATION FULLY AUTOMATED FULLY AUTOMATED PAYROLL WAGES = 10 LEFT EMPLOYEES: 0 RIGHT CUSTOMERS TO MANAGE: 0 THE MONEY GOES INTO MISTER BENNY AUTOMATIC DEPOSIT DIRECT DEPOSIT WITHOUT STICKMAN 24 HOURS 7 DAYS OPEN 24/7 MR BENNY'S BANK ACCOUNT BANK BALANCE STEADY DEPOSITS (MONTHS 1-105) MAKING MONEY WHILE HE SLEEPS SINCE THE LAUNDROMATS ARE OPEN 24/7. TAX CODE TAX RATE PASSIVE INCOME ACTIVE INCOME BANK ACCOUNT ZERO INTEREST OFFICIAL TAXMAN APPROVED CATEGORY INCOME EARNED WITHOUT WORK THE TAXMAN CALLS IT PASSIVE INCOME. GOOD DAY BANK BALANCE $5,660,000 $600,000/YEAR PASSIVE INCOME EMPLOYEES STRESS IT'S A GOOD DAY.