How much my laundromat makes and loses during quarantine
Published: 2020-05-12
Status:
Available
|
Analyzed
Published: 2020-05-12
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker is considering purchasing new laundromat machines for $100,000, but is hesitant due to the debt commitment.
"I've been talking to one of the companies for months on getting new machines into the issue is of course it costs one hundred thousand dollars to get me one of the dryers and I get really I'm not opposed to debt but I'm also a little bit worried about committing myself to hundred thousand dollars worth of debt for this laundromat"
Pending
The speaker is considering purchasing new, potentially expensive dryer machines for the laundromat, indicating a significant investment planned for equipment upgrades.
"I've been talking to one of the companies for months on getting new machines into the issue is of course it costs one hundred thousand dollars to get me one of the dryers"
Pending
The speaker advises viewers to invest in the stock market to build a financial reserve for future business ventures like laundromats or vending routes.
"you need invest in the stock market guys I don't know whether everybody that watches these videos wants to buy a laundromat I know it's not for everybody not every they don't work in every single location but I would love it if you would be willing to invest in the stock market so that someday if you so choose you'll have a war chest you'll have money set back for you in an account so you could start your own laundromat like this or you could start a vending route or just do something you need to save money back"
Pending
The speaker recommends long-term, stable investments like ETFs (e.g., Vanguard) and advises against day trading, Forex, and options.
"it's boring the stock market's not that interesting people try to screw you Andre day trading Forex options stuff like that don't do that just long stable investments and things like ETFs like Vanguard I've done a ton of videos on them just look on the description and stuff and there should be some links below that you can use"
Pending
The speaker strongly encourages viewers to invest in the stock market, suggesting it as a path to building capital for future business ventures like starting a laundromat or vending route.
"you need invest in the stock market guys I don't know whether everybody that watches these videos wants to buy a laundromat I know it's not for everybody not every they don't work in every single location but I would love it if you would be willing to invest in the stock market"
Pending
The speaker advises against speculative trading strategies like day trading, Forex, and options, recommending stable long-term investments such as ETFs instead.
"Andre day trading Forex options stuff like that don't do that just long stable investments and things like ETFs like Vanguard"
Pending
The speaker is considering purchasing new vending machines, which would cost $100,000 for dryers.
"I've been talking to one of the companies for months on getting new machines into the issue is of course it costs one hundred thousand dollars to get me one of the dryers"
Pending
The daily mortgage cost for the laundromat is estimated at $9.05.
"it costs like nine dollars and five cents in mortgage to own the place"
Pending
The speaker has calculated the laundromat's costs over a 14-day period.
"and then this is for a 14 day period"
Pending
After all expenses, the laundromat generated a net profit of $605.57 for the collection period.
"but it leaves this magical number of six hundred and five dollars and fifty seven cents"
Pending
The speaker advises viewers to invest in the stock market.
"you need invest in the stock market guys"
Pending
The speaker recommends long-term, stable investments such as ETFs and Vanguard.
"just long stable investments and things like ETFs like Vanguard"
Pending
The speaker's video monitor system, which creates a 'hillbilly Jumbotron,' costs $250.
"it's a pro series something rather is $250 and you can run a hillbilly Jumbotron like I have here"
Pending
The TVs used for the video wall are Samsung models costing $400 each.
"these are $400 Samsung TVs"
Pending