Are you searching for ways to maximize profits, build lasting wealth, or streamline your finances as a laundromat buyer or owner? In the recent Laundromat Resource webinar with host Jordan Berry and special guest Joey Mure of Wealth Without Wall Street, some incredibly practical strategies and tips were shared that can supercharge your wealth-building journey. Whether you’re evaluating your first laundromat deal or already running several locations, these actionable takeaways will help you create a financial machine that works for you—not the other way around.
Here’s a breakdown of the top tips, each paired with easy-to-implement applications designed just for laundromat entrepreneurs.
1. Separate Your Income and Investment Accounts
Tip:
Don’t let all your business income and personal expenses sit in one account. Instead, set up multiple checking accounts to clearly separate your day-to-day operating expenses from your investment funds.
How to Apply It:
Open two new checking accounts: one for all income received (the “Income Account”), and a second solely for paying expenses (the “Expense Account”).
Only transfer a fixed amount (what you need to run the business and cover other set expenses) from your Income to your Expense account each month.
Sweep anything left over in your Income Account to an “Investor Hub” account, earmarked specifically for new laundromat investments, upgrades, or building your wealth strategy.
Why it Works:
This strategy brings clarity to your cash flow, prevents you from unknowingly leaking funds, and ensures you’re always prepared to jump on new investment opportunities. Implementing this “hub and spoke” system (inspired by the Profit First method) is simple, but massively effective for laundromat operators.
2. Store Your Cash Where It Works for You—Not Against You
Tip:
Stop parking surplus cash only in traditional bank accounts, where it loses value due to inflation. Instead, consider using a high-impact storage strategy like cash value whole life insurance (the “infinite banking” concept).
How to Apply It:
Reinvest business profits by moving them from your Investor Hub into specially-designed whole life insurance policies.
These policies allow you to access your cash via policy loans, letting your money grow uninterrupted while also providing liquidity for laundromat deals or emergencies.
Work with a coach or advisor who understands laundromat business cycles to structure the right policy and premium level for your needs.
Why it Works:
Traditional savings accounts don’t keep up with inflation and don’t provide the leverage you need for growth. By adopting the infinite banking approach (which even the biggest banks use for their own cash reserves!), you can earn tax-advantaged, compounding growth and gain access to the money when a new laundromat deal comes along—all while enjoying additional benefits like creditor protection.
Get More Info on How to Set Up a Whole Life Insurance Policy to Store Your Capital
3. Leverage (But Don’t Endanger) Your Capital
Tip:
Use smart leverage by borrowing against your cash value (rather than traditional bank loans) to buy new laundromats or upgrade your current operations.
How to Apply It:
After funding your policy, you can borrow up to 95–97% of your cash value within just a week or two of contributing, depending on your policy’s structure.
Deploy borrowed funds as the down payment for your next laundromat, new equipment, or add-on services.
Repay the policy loan only when you’re ready—there are usually no required monthly payments—giving you total flexibility if you hit a slow season or want to reinvest elsewhere first.
Why it Works:
Unlike SBA loans or commercial financing that usually require rigid payback schedules, policy loans from whole life insurance offer incredible flexibility and control, which laundromat owners and buyers need for unpredictable business cycles.
4. Automate Your Wealth-Building System
Tip:
Build a “machine” that takes excess cash flow from your laundromat(s) and funnels it automatically into your investment strategy—so every dollar is always being put to work.
How to Apply It:
Set monthly calendar reminders to sweep excess funds from your accounts into your wealth-building hub.
Automate payments from your laundromat checking account into your cash value policy or investment brokerage account.
Use digital bookkeeping software or a spreadsheet to monitor and optimize transfers, ensuring you’re maximizing surplus funds.
Why it Works:
Automation minimizes human error and decision fatigue. By ‘setting and forgetting’ as much of the process as possible, you free yourself up to focus on growing your laundromat, servicing customers, or scouting for your next location—knowing that your wealth engine is quietly compounding in the background.
5. Prioritize Cash Flow Over “Locked-Up” Retirement Accounts
Tip:
Focus on vehicles that produce cash flow and liquidity today, rather than only building up retirement accounts that can’t be touched without penalty for decades.
How to Apply It:
Reassess your contributions to 401(k)’s or IRA’s. Consider whether those funds could be better used acquiring cash-flowing laundromats or funding infinite banking strategies now rather than later.
If you already have sizable retirement accounts, look into techniques (like ROBS, where appropriate, but understand all the rules and restrictions) that can unlock those funds for business investments.
Prioritize deals or strategies that increase your monthly recurring revenue (and therefore your financial freedom) today—not in 30 years.
Why it Works:
Real freedom comes when your passive income covers your expenses. In the laundromat business, this can happen much sooner than traditional retirement age—if you retool your money flow to prioritize current cash flow over distant future “maybe” gains.
6. Get a Personalized Wealth Plan and Expert Guidance
Tip:
Don’t DIY your entire financial system—especially when it comes to complex concepts like infinite banking. Instead, seek out coaching and tools specifically designed for business owners like laundromat operators.
How to Apply It:
Book a strategy session (Wealth Without Wall Street offers one for $1 for webinar attendees) where you’ll get a personalized cash flow analysis and roadmap.
Gain access to resources, calculators, and community forums where you can ask your specific laundromat finance questions.
Lean into ongoing coaching to help you optimize your system as your business grows (including adding locations or new services).
Why it Works:
It’s easy to overlook hidden cash flow opportunities or fall into financial traps. An experienced coach will help you see options and short-cuts that are invisible to most owners, and can mean the difference between a single store and a regional empire.
Final Thoughts
Building wealth with laundromats isn’t just about collecting quarters or gross revenue—it’s about harnessing every dollar, storing it in the right place, and putting it back to work through smart, leveraged investments. By separating accounts, supercharging cash storage vehicles, leveraging insurance-based capital, automating your system, prioritizing current cash flow, and working with specialized advisors, you create a resilient, scalable financial machine.
Ready to start turning your laundromat into a wealth machine? Implementing just a few of these tips can have an exponential impact on your bottom line and your peace of mind.
Explore Further:
Want to go deeper? You can check out the free ebook and coaching resources discussed in the webinar, or reach out to Laundromat Resource and Wealth Without Wall Street for more tailored advice.
Inspired by insights from Jordan Berry (Laundromat Resource) and Joey Mure (Wealth Without Wall Street) in their May 2025 webinar. For practical support and links, see the Laundromat Resource Podcast and Wealth Without Wall Street
