Social media influencers have made owning a laundromat look like an easy way to make money, with videos showing buckets of quarters and stacks of cash rolling in. But some aspiring entrepreneurs who bought into the hype are finding out the hard way that these businesses are costly to maintain, and the income is anything but passive.
In a new report, The Wall Street Journal examined the growing popularity of laundromat ownership on social media, where videos of owners collecting cash have attracted millions of views. What gets far less attention are the expenses and day-to-day headaches that come with running one.
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#Social #Media #laundromat #journal
In a new report, The Wall Street Journal examined the growing popularity of laundromat ownership on social media, where videos of owners collecting cash have attracted millions of views. What gets far less attention are the expenses and day-to-day headaches that come with running one.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
#Social #Media #laundromat #journal
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