The Passive Income Experiment - Real Data, Real Discussion, Real People: Recent Episodes
harry keith
Ever wonder what a passive income business is? Ever wonder if a laundromat makes money? Have you dreamed of opening a car wash? Who is opening all of these short rentals on Air BnB? Well, you're qualified, join the movement!
I just launched my new laundromat and now I'm sharing all the details - revenue, turns per day, problems, employees, grand opening, how I promoted it and how I got 100 5-star reviews in 30 days!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
I break down how commercial real estate works in kindergarten language so that you can build car washes and use this plan to have no debt, put $5,000,000 in your pocket, and earn $2,000,000 per year. It only takes 8 years and you better get started now!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Here's an update on the eCommerce business I bought 5 months ago. I grew it from $45K per month in revenue to over $120k per month in revenue - and no, it's not a seasonal business. Learn what I did, you can do it too! I'm not that smart...
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Let's launch a business together! In this episode, I walk you through the steps on how to identify a product to sell and then we source it together. Yep, we source it from a supplier in China right on this podcast. You can replicate this idea a thousand times and probably make a lot of money. Join the movement, start your journey!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Just to help you out. That's why I'm doing it. I spent 30 years in the corporate world and most questions could get answered with a few phone calls. Then I decided to open some small businesses and no one wants to share anything. Well, that just changed. I'm building these businesses and sharing all of the details. People think I'm nuts. I just believe it's the right thing to do.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
I hear a lot of garbage from scammers selling a Ferrari lifestyle with little or no work. Not really gonna happen. So I wanted to share a bit about how active we are in our different income streams. Sometimes it's your choice, sometimes there's not much choice at all. Tune in to hear learn some truth about how I handle specific situations and how I spend my time.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Ok, no need to panic. Whether you run a business or are just plain curious about how much a business makes, you need to know the basics of a Profit & Loss Statement (also know as a P&L). In less than 12 minutes you're going to be as smart as your annoying neighbor who pretends he went to business school. Time to break it down!!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
I'm really excited about this episode where I share what I believe to be one of the best kid jobs ever. This business can make $1000 per week - maybe not every week, but I don't know of any other kid jobs where they can ever make $1000 per week. This is an awesome opportunity to show your children the power of running a business vs. working for someone else. They're empowered, motivated, learning, and having fun - give this one a listen!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Today I rented one of my homes and I am shocked by the renter's plans. This entrepreneurial woman plans to use my property to rent on AirBnB for short term rentals. She can afford to pay me a premium long term rental rate and still make money! You have to hear about these plans and I share the detailed financials so that you can realize how profitable this can be - even in your market! I love short term rentals!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Well, to be fair, I'm only in contract to buy the business but it is scheduled to close in 14 days. I'm super excited and about this e-commerce business - more details after I close. I'm also entering into discussions to buy a brick and mortar business that's an existing franchise. You might be wondering - Why, Harry, why?? Simple, it's the math. Follow along for this simple comparison on investing in the stock market vs. buying a business...
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
I hear about all kinds of ideas and recently I came across Russell Brunson of ClickFunnels. I dove deep to learn what a 'clickfunnel' is, how they're used to make money, and interestingly, I took the 30 days challenge and built one of my own. Now I'm sharing a bit about that experience with you - I found it to be both time consuming and absolutely fascinating. I learned a bunch and if I can build a funnel, trust me, you can too. Stay tuned and I'll tell you if they actually make money! The link referenced in the podcast is www.dincpie.com/SLICE7.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
What's a day in the life include for a guy who is building and operating a few different businesses at the same time. It can be super busy, but it can also be dead empty - some stuff is strategic and other is just reacting to whatever is going on. Have a laundromat attendant break a key and you get to go find a replacement key - or have your due diligence on a new e-commerce acquisition get sideways - or maybe just prep some books for your Amazon book business. It's a mix of stuff but it sure beats going to the office! Join the movement.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I share the basics of the laundromat business - what's the timeline to build one, what's it cost, and how much do they make? I love laundromats and I've always been super curious how they perform financially. Now I know - and you're about to as well! There's so much more than I can share in a short podcast, but stick around, there's going to be a lot more coming soon!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
This is simple math cuz I'm not a financial planner. I'm scared to death and you might be as well. But there's a way out of this - you may not have the luxury of time to build a business and that's ok. Let's buy one! I did it and you can too!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
What is passive income and does it really exist? How passive is passive? I built businesses that are supposedly passive and here's what I learned...
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
I spent 30 years in corporate America - invested in some stocks, saved in my 401K, and realized I was going to go broke in retirement. So i built businesses to generate 'passive income' and now I'm sharing all the results. Join the movement!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Do you ever wonder who is creating all of these businesses - laundromats, car washes, salon suites, short term rentals? Who is qualified to do this? The answer is YOU! Listen in on who's qualified, who's building them, and what some of the results look like.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app