I have a job no-one wants to do but make £158k a YEAR – I’ve been in prison & fought fire, but the profits keep growing
A MAN has revealed he is making £158,000 a year through collecting other people's rubbish.
The YouTube creative who goes by Life Apprentice online, explained despite the challenges he has faced his profits have continued to rise.
The unnamed creative owns a dumpster collection business and drives around in a truck collecting other people's rubbish for a charge.
Once he has collected the rubbish of his customers, the entrepreneur must make sure the rubbish is properly disposed of.
In a YouTube video online the entrepreneur explained he started the business part-time and it grew drastically over the past few years.
He said: “I’m gonna show you guys this, this is the printout from June 27, 2020, to June 22, 2021. This is directly from our Quickbooks.”
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The creative explained over the past year he has more than doubled his supply of massive rubbish bins.
He said: “Now one thing to consider when we started this business last year we started with 11 dumpsters and we are now at 28.”
“So these numbers that you're seeing are not 11 dumpsters completely and they are not 28 dumpsters completely so the business has changed a lot since June of 2020 and it's going to continue to change.”
The entrepreneur explained over the past year his business had made over $202,000, (£156,000) in profit.
Life’s Apprentice also explained a lot of the money he made was from bin sales and rentals.
“The number of dumpsters sold or rented was 473 rentals in 365.”
However, the eye-watering figure didn’t take into consideration the entrepreneur's expenses.
He explained he had to fit the bill for costs like, advertising and marketing, $13,500 (£10,500), and banking fees $895, (£700).
He confessed: “I don't know exactly what all that is some of it I believe was interest-only payments on some loans that we had while we were waiting for the truck or dumpsters."
"These are kind of a one-time cost when you're when you're taking on a new loan.”
The creative revealed he also spent a whopping $16,900 (£13k) on fuel required to power his cars a trucks as they pulled the dumpsters from state to state.
He said: “That’s a big expense, more than marketing.”
The businessman confessed he had to pay for dumping fees, the cost of getting rid of other people's rubbish and even had to take on more staff, in total this cost him $37,000 ($28,000).
The creative needed to make sure he was insured for workers' compensation, liability insurance and truck and trailer insurance, in total this cost nearly $14,000 (£10,550).
He explained despite the hefty cost insurance was essential: “If something were to happen it could completely ruin your business.”
Job supplies set the dumpster-lover back $12,330 (£9,600), office supplies, $2k (£1565).
The businessman confessed he spent an additional $67,000 (£52,450) on repairs and maintenance, taxes and licenses, loan repayments and staff wages.
The high earner added most of his expenses could be put down to him growing the business, but it had tripled in size, in just one year.
He said: “We have been growing this business so rapidly that last year we bought five dumpsters which is about $20,000 that we bought in cash and we have bought a new truck and 10 other dumpsters that are on loan.”
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The rubbish fan said he hoped to continue growing his business even further in the coming years.
He said: “There's great money to be made the profits are really good it's a pretty easy business to run and we absolutely love it.”
