I'm the opposite with needs and wants. I've been homeless since 2003 so all we really NEED is some bread and water. We don't even NEED a home. But I can't help others without educating myself financially. I'm binge watching your videos while I'm at work. They let us listen to our earbuds. Others are turning their brains to mush with music while I'm getting educated.
True but like many people have stated before including Richard Kiyosaki: "they don't teach or allow this because they want kids to learn how to be employees ".
All you do is just take $2.00 and put in a shoe box every day or whenever you get money. I have about $1800 doing that exact thing. I'm just used to it now. Once you seet the growth you won't be able to stop.
If you've put 2$ every single day, that's ~2,5 years to get to 1800$. During that time, the 3% inflation ate ~133$ so you have 1666$ that were just sitting losing value and not producing more. In short, you can buy less today with 1800$ than 2,5 years ago. ;)
As someone in my 50s, a saying I recently heard that really resonated with me is "The best time to plant a tree was 20 years ago. The second best time is now."
I always heard when people say saving is losing and I never really understood what they meant... You just explained it quick and precise, I appreciate that, good explanation.
From the look of things, It can't be overemphasized that, Cash is thrash! 3 BEST and surprisingly easy ways to double/hold your funds in 2021; Crypto, Real Estates, who can guess the 3rd?
Has to be stock trading!!! It's been wonderful investing in stock after I met an expert from a reputable firm earlier this year... Retiring by next year with absolutely no fears!!
Worked with "Judith Mary Ballantyne", she was in the news when she revived Manning and Napier in 2008. In all honesty, she's an Angel. Look her up to get more on her!
I own my house outright but I would rather live in an apartment. Turnkey is for me..If something happened to my wife I would sell it in a heartbeat! Forget rental property for passive income. Eviction moratorium has destroyed that avenue.
The only thing I disagree with is consumers aren’t blowing their money, producers need consumers to sell goods and services to, consumers are valuable. I just choose not to take the consumer path.
I think he meant from the consumer's perspective. From the perspective of a producer, or having a robust economy, consumers blowing their money is considered a good thing.
Thank you for all of the help that you and your team provide. It is very refreshing to see a channel that is actually dedicated to helping new investors, instead of selling them a flashy course.
I always watch, Jaspreet. I always enjoy what you have to say and many of your posts get filed in my "review-periodically-as-you're-on-your-journey-towards-retirement" file. I follow a lot of financial education content creators but I like your channel, as it has its own unique message that isn't a duplication of info that can be found on popular channels elsewhere.
That's why everyone isn't rich. Discipline pays. Needs and wants we get them confused I'm fighting that today even. New boots callings to me 179 dollars I'll save and wear my old ones longer.
It's only hard for those who didn't grow up poor. They are used to having a certain level of comfort. I grew up dirt poor, and sometimes we had to skip eating for a day or two every week just to afford rent and bills. When I got out on my own I continued living that way even though I was making good money working construction. Initially I was putting away half my pay into savings, which was overkill. Once I had a years wages saved up I started buying old junkers and fixing them up on my weekends then selling them for a profit. After a while I had 5 years wages saved up. I stuck that in a 5 year CD at the bank and started saving over again. All while skipping meals and not clubbing with all my friends. They were soft, I was hard as nails. Now they worry about their mortgages and I have 8 rental properties that they don't even know about.
@@vernondecker9532 No.. everyone isn't rich because the currency is hyperinflated to enrich politicians and their donors. Banks make zero risk loans by printing it on their laserjet printers in their bathrooms 😆
"An Asset Is Something That Puts Money In Your Pocket Whether You Work Or Not. A Liability Is Something That Takes Money Out Of Your Pocket." - Robert Kiyosaki 5:01
And as such, we have a nation that views a home as an asset, which in most cases it is not. A mortgage means you pay almost double the asking price over 30 years. It is a liability.
Like your philosophy.I don't need to eat a steak everyday,don't need high blood pressure. I cut the cable and use antenna and ,the library .I got to figure out which vehicle I'm going to get rid of,I inherited a nice 2003 Exployer but I need my truck
This is so easy ... but what's easy sounds really hard. 🙂✌ I started a month or two ago putting money into staking crypto. I mean it's too a little step further to passive income and its not losing on value such as Fiat money it's going up from day to day.👌
The interesting thing is that the amount you make isn't nearly as important of a factor in becoming wealthy as controlling your expenses. It isn't what you have. It's what you do with what you got.
The philosophy of the rich and the poor is this: The rich invest their money and spend what is left. The poor spend their money and invest what is left*
@@Regulus3333 well if we are defining poor as homeless and jobless then yes but if your poor but max out credit cards on purchasing stuff you don't need and instead of using the money you make from a job to pay off debt and invest simultaneously, you spend that too then it's less about whether or not you can but you just don't...
I’m 18 and I live in the Trinidad it’s in the Caribbean and I don’t really know what to invest in where I live it’s really limited it’s not like the US where u got lots of options so not everything I will be able to do that I see from US UA-cam’s
Hey Jaspreet! I hear you talk about buying myself a rental property to get cash-flow but then where do I live, the max the rental property gets me me is my rent amount which leaves no profit? I hope my question makes sense
This all makes sense and everything... I just find it so hard to put a cent in this crazy inflated stock market. Cash keeps losing value, but damn... It's tough.
Love your videos, Jaspreet, I watch each and every one of them! I'm wondering if it's worth it to throw my future house down payment money into the stock market when I currently don't know when exactly I'm going to want to buy a house? I want to buy a house sometime within the next 5 years, and I have a big chunk of money saved up, but I don't know if it's OK to throw it into the stock market for now because it has the chance to decrease by the time I want to buy a house?
I believe in the stock market. However, with that being said, can you “afford” to lose your down payment if the market tanks? Can you afford the potential taxes on the gains without it cutting into the initial investment? If you find a house before the 5year mark, how hard will it be for you to pull your investment in a timely manner to be able to secure your house? The potential cons out of the way you can see a conservative gain of around 7% with the stock market, however, some mortgage lenders require a minimum deposit amount in the bank for 3-6 months. So if you don’t have a lot of money and it’s invest or having a reserve balance, I would suggest putting a small portion of it into the market and the rest in a CD or savings. The questions are the same that my grandparents asked me a few months ago. The advice is from the personal decision that my husband and I made a few months ago. Can’t spend or lose the money if it’s sitting in an account that you can’t see on your mobile app.😉 Good luck in your housing and investment prospects!
I have no credit card balances, and I have over $22,000 in savings, but afraid to invest. I have been very frugal and am afraid to lose it in the stock market.
It's ok to keep saving. Opportunities will come your way. Just make sure not to self sabotage and go on spending spree. And be carefull on telling colleagues at work or family you have savings. That only brings jealousy.
I’d say start with just 1000 dollars invested into the S&P 500 index fund of your choice, on average the s&p should rise over 5 percent each year, however during the timeframe it will rise and fall many times, so once you put in the thousand dollars you halve to be prepared to watch it go down in the short term and not sell the shares so it can go up in the longterm
Keep educating yourself on the various investments tools out there. Education is 🔑. When u have a solid understanding you can act....but what you don't know is costing you. What Jaspreets videos there is a lot of wisdom to be gleaned. All the best !!
Hi I tried signing up for the real estate investment but it says it's only available to the US? I'm in Canada can I just set my residency to be US? Will that affect anything?
Finally something worth listening too here on the Tube that makes a lot sense & worth liking oh and Subscribing for, motivational, ample info, generally outstanding work cheers Bhaee, for Sharing & caring from Australia
Hi! I am just starting my financial journey as I am just getting started in my career. What would be an example of an investment account? This seems to be a gray area for me.
Best thing I did was have a roommate, actually two ...now my biggest bills are only 1/3. This is cheap living...allows me to save so much! Paid off all my credit cards, etc. Also, my job automatically saves for me with both an ESOP and 401k. And....I don't even make that much money and am gaining wealth! It's all about my attitude. I'm grateful for my job.
In pursuit of needs and sacrificing your wants, somewhere in between you die, who benefits? All wants are not bad, but what needs to be done at the age it needs to be done, has to be done.
*Jeff Bezos: Warren, your investing style is so simple. Why doesn’t everyone just copy you?* *Warren Buffet: because nobody wants to get rich slowly* Love from a small UA-camr💙
This is all great if you have a salary that allows you to Pay Bills have spending money, savings money and investment money. What about if you don't have all that extra cash ?
This is a very valid point. The only ways to move the needle in the situation is by either reducing living cost somehow, or increasing the income, or both! The tighter the situation, the more creative one may need to be in order to bridge the gaps in the finances.
It’s pretty sad you have to explain this basic saving/investing to people. We are forced to learn Spanish in school but not taught how to be financially responsible adults. Years ago they used to have savings for kids in elementary school, you could bring some money to school in a little savings envelope type thing and put it in a bank. Then they stopped it for some reason or another. So now you have to teach adults to save money what a joke really. The funny thing is our system tells parents basically you are responsible to pay for your kids college, really? What is that teaching? I’ll tell you it teaches kids early on that they are owed something (entitled) just because they were born. My kids paid half of their college and worked as they were in college and I told them from the get go, fail a course you pay for it because there is no reason to not at least get the passing grade especially when your a college student. Amazing how most of these type of kids grow up to be responsible adults. Not party animals in college.
Never buy a new car, ever. Unless you your wealth is pushing a million. Biggest liability is your car, then your health, then your savings(time lowers the value of your dollar quickly, dont hold cash)Spend heavy on your health, trust. Not the car
It's not a flat answer. If you're interested in ETFs, research the ones you like, and if the numbers work out, put a *percentage* of your investment money into the one(s) you choose and follow the plan. Don't screw around, that's how people end up buying high and panic selling in a dip.
I'm actually writing down these tips because idk if these videos will up 15 years from now. I'm going to teach these things to my daughters so they're able to make moves from the start of their first job.
Hi I follow you from Côte d'Ivoire, i do appreciate your content. I'm in my 20's and many People say buy stock buy by month, but how to start real estate by the way, i mean what to start first ? Or can i do both at the same time since i've one income source now ? Thans for your response
Jaspreet , I want to invest little money I have …I save little after watching your video …I still so confuse where to invest …I have no knowledge about stock or money market account …pls advise
Thank you for watching! If you enjoyed this video, you should watch - 5 DONT's When You Get Paid: ua-cam.com/video/YBB2te7gnJI/v-deo.html
Do a video on government investments. Your followers are embarrassingly clueless as to how and why it works.
question for you.
Does the 75,15,10 percent is that net or gross income?
@@CarlosReghis Net. The amount you have to work with.
What would you consider a good savings amount
@@CarlosReghis Gross
One of the best investment you can ever make in your life is your health without that your Investments don't mean nothing
Amen 🙏
My 90 year old grandma would say, health is wealth.
Exactly
Facts!!!
This is awesome... Thank u!!
I'm the opposite with needs and wants. I've been homeless since 2003 so all we really NEED is some bread and water. We don't even NEED a home. But I can't help others without educating myself financially. I'm binge watching your videos while I'm at work. They let us listen to our earbuds. Others are turning their brains to mush with music while I'm getting educated.
Every highschool should require this video in their curriculum!
True but like many people have stated before including Richard Kiyosaki: "they don't teach or allow this because they want kids to learn how to be employees ".
I learned this in junior high school
Amen!
All you do is just take $2.00 and put in a shoe box every day or whenever you get money. I have about $1800 doing that exact thing. I'm just used to it now. Once you seet the growth you won't be able to stop.
How long did it take to get to $1800, and what is the money in that shoebox doing to multiply itself?
If you've put 2$ every single day, that's ~2,5 years to get to 1800$. During that time, the 3% inflation ate ~133$ so you have 1666$ that were just sitting losing value and not producing more. In short, you can buy less today with 1800$ than 2,5 years ago. ;)
True story
This video is a life skills that everyone needs to know.
This is the kind of advice I wish I had known when I was way younger, even then it still works not being young
As someone in my 50s, a saying I recently heard that really resonated with me is "The best time to plant a tree was 20 years ago. The second best time is now."
I always heard when people say saving is losing and I never really understood what they meant... You just explained it quick and precise, I appreciate that, good explanation.
Hope you are a fan YNWA ❤️
Almost dipped into my emergency money to buy clothes on special but then I remembered what Jaspreet taught me😎 Keeping that Minority Mindset
@L Ron HOYABEMBE III The stuff I saw is branded as well looks very cool. A definite level up for my Drip game
"The best time to plant a tree is twenty years ago. The second best time is now."
"I paid $350.00 for a 94 Celica and i don't have a Stupid Car payment." Scotty Kilmer
Yes! Lmao
One of the best toyotas ever made. Smart man
@Roberto Vidal Garcia scion tc 06-09 manual. Trust. Ive had 2 totaled one. Bulletproof, 2nd best car ive owned after my celica
@Inverse Reality Clown World Wrong
@Roberto Vidal Garcia if you find one with 120-150k miles thats a great find imo. Itll be hard but not imposibble
Jaspreet, I love your practical lessons on building wealth. Thank you!
From the look of things, It can't be overemphasized that, Cash is thrash! 3 BEST and surprisingly easy ways to double/hold your funds in 2021; Crypto, Real Estates, who can guess the 3rd?
Has to be stock trading!!! It's been wonderful investing in stock after I met an expert from a reputable firm earlier this year... Retiring by next year with absolutely no fears!!
Thats really impressive. Have tried doing that on my own without luck for sometime now. Getting fed up by the day. Who did you work with please?
Worked with "Judith Mary Ballantyne", she was in the news when she revived Manning and Napier in 2008. In all honesty, she's an Angel. Look her up to get more on her!
this video should be mandatory for all seniors in high school before graduating. 👍 This is great information thank you
This guy is awesome, information that would cost thousands with a financial adviser. Thank you good sir.
I need to stop ignoring these videos and pay attention this man is trying to help me for free
He's a good teacher. I have been watching some of his videos since this pandemic began.
I own my house outright but I would rather live in an apartment. Turnkey is for me..If something happened to my wife I would sell it in a heartbeat! Forget rental property for passive income. Eviction moratorium has destroyed that avenue.
The only thing I disagree with is consumers aren’t blowing their money, producers need consumers to sell goods and services to, consumers are valuable. I just choose not to take the consumer path.
I think he meant from the consumer's perspective. From the perspective of a producer, or having a robust economy, consumers blowing their money is considered a good thing.
Thank you for all of the help that you and your team provide. It is very refreshing to see a channel that is actually dedicated to helping new investors, instead of selling them a flashy course.
I can't get enough of this channel, brother!! Appreciate your insight and your sharing!! 💯
Same here!
Channels like his taught me everything I know!
I always watch, Jaspreet. I always enjoy what you have to say and many of your posts get filed in my "review-periodically-as-you're-on-your-journey-towards-retirement" file. I follow a lot of financial education content creators but I like your channel, as it has its own unique message that isn't a duplication of info that can be found on popular channels elsewhere.
Pay yourself first sounds easy but hard for the majority of people to stick to.
That's why everyone isn't rich. Discipline pays. Needs and wants we get them confused I'm fighting that today even.
New boots callings to me 179 dollars I'll save and wear my old ones longer.
It's only hard for those who didn't grow up poor. They are used to having a certain level of comfort. I grew up dirt poor, and sometimes we had to skip eating for a day or two every week just to afford rent and bills. When I got out on my own I continued living that way even though I was making good money working construction. Initially I was putting away half my pay into savings, which was overkill. Once I had a years wages saved up I started buying old junkers and fixing them up on my weekends then selling them for a profit. After a while I had 5 years wages saved up. I stuck that in a 5 year CD at the bank and started saving over again. All while skipping meals and not clubbing with all my friends. They were soft, I was hard as nails. Now they worry about their mortgages and I have 8 rental properties that they don't even know about.
People think that “pay yourself” means Buy yourself something nice. My friend bought a car cash and said “I’m rewarding myself” 🙈
@@vernondecker9532 No.. everyone isn't rich because the currency is hyperinflated to enrich politicians and their donors. Banks make zero risk loans by printing it on their laserjet printers in their bathrooms 😆
@@raven7389 that's a cheap cop-out and you know it. Discipline yourself, or you will continue to allow yourself to be taken advantage of.
Yes pay yourself first, I agree
I just put my 14 year old onto your videos. 🔥 he actually went to his room and is watching them right now.. 10:15pm 06/12/2022 🤝
Bro that rule of 5 idea is gold. Helps me before making a stupid purchase.
One of your best videos. Nailed it!
He's speaking truth into reality.
TITHING OFF OF ALL INCOMES THAT COMES YOUR WAY IS A SURE WAY NOT TO WORRY ABOUT MONEY BECAUSE GOD BLESSES YOU WITH MORE HONOR GOD FIRST.
I make a plan to invest before I get paid. The day I get paid... it’s gone.
CASEY THE SPAMMER!
.....and it's gone! Very discerning mindset good sir!
"An Asset Is Something That Puts Money In Your Pocket Whether You Work Or Not. A Liability Is Something That Takes Money Out Of Your Pocket." - Robert Kiyosaki 5:01
And as such, we have a nation that views a home as an asset, which in most cases it is not. A mortgage means you pay almost double the asking price over 30 years. It is a liability.
@@nickknight8065 yea it's because it's taking money away from you which is a liability. An asset is something that gives u money.
How about telling us what stocks to buy
I think he has mentioned in other videos even though he's not a financial advisor that you should look into either stock symbol $VOO or $SPY.
Smoked a blunt while watching this for a change. 💯
You are making so much sense. Thanks again
One Weird Trick to increase your paycheck 100 times over. Banks hate him.
Like your philosophy.I don't need to eat a steak everyday,don't need high blood pressure. I cut the cable and use antenna and ,the library .I got to figure out which vehicle I'm going to get rid of,I inherited a nice 2003 Exployer but I need my truck
BELOW!
Love it 😀
8:20 that is the main question on alot of peoples minds sir, well said.
Great video I shared 👌👍😀👏❤
And That 75% gets chopped in half cuz of taxes etc.
This is so easy ... but what's easy sounds really hard. 🙂✌
I started a month or two ago putting money into staking crypto. I mean it's too a little step further to passive income and its not losing on value such as Fiat money it's going up from day to day.👌
A huge thumbs up!
Thank you for the valuable information you provide to us, but I noticed there is a repetition of the same content.
Thank you
Thank you so much!!!
Wow timing this video up with the day most people get paid , I see you jaspareet
Very informative video..thank you 😊
The interesting thing is that the amount you make isn't nearly as important of a factor in becoming wealthy as controlling your expenses.
It isn't what you have. It's what you do with what you got.
Yes, follow the 50-30-20 rule. %0% of your salary go for your needs, 30% towards your wants and 20% towards your investment
@@finlightanmol Super saver over here. More like 80 - 20 rule; save and invest 80%, 20% for whatever else. Most of that gets invested to.
The philosophy of the rich and the poor is this: The rich invest their money and spend what is left. The poor spend their money and invest what is left*
That's deep bro!
@@joeystylzpoppin Just speaking facts
The sad part is the poor dont even invest, they cant
@@Regulus3333 Yup
@@Regulus3333 well if we are defining poor as homeless and jobless then yes but if your poor but max out credit cards on purchasing stuff you don't need and instead of using the money you make from a job to pay off debt and invest simultaneously, you spend that too then it's less about whether or not you can but you just don't...
I’m 18 and I live in the Trinidad it’s in the Caribbean and I don’t really know what to invest in where I live it’s really limited it’s not like the US where u got lots of options so not everything I will be able to do that I see from US UA-cam’s
Hey Jaspreet! I hear you talk about buying myself a rental property to get cash-flow but then where do I live, the max the rental property gets me me is my rent amount which leaves no profit? I hope my question makes sense
Thank You My Brother! I Look Forward to more of Your Life Changing Videos!
Do you have these three accounts with the same bank? If not whats the benefit of having accounts with more then one bank?
Thank you my brother
have a Q, i collect silver eagle 🪙 is this a asset or liability or is it a liability until i sell?
Great tips loved the video
Thank you! 🙏🥑
Nice tip
This all makes sense and everything... I just find it so hard to put a cent in this crazy inflated stock market. Cash keeps losing value, but damn... It's tough.
Love your videos, Jaspreet, I watch each and every one of them! I'm wondering if it's worth it to throw my future house down payment money into the stock market when I currently don't know when exactly I'm going to want to buy a house? I want to buy a house sometime within the next 5 years, and I have a big chunk of money saved up, but I don't know if it's OK to throw it into the stock market for now because it has the chance to decrease by the time I want to buy a house?
I believe in the stock market. However, with that being said, can you “afford” to lose your down payment if the market tanks? Can you afford the potential taxes on the gains without it cutting into the initial investment? If you find a house before the 5year mark, how hard will it be for you to pull your investment in a timely manner to be able to secure your house? The potential cons out of the way you can see a conservative gain of around 7% with the stock market, however, some mortgage lenders require a minimum deposit amount in the bank for 3-6 months. So if you don’t have a lot of money and it’s invest or having a reserve balance, I would suggest putting a small portion of it into the market and the rest in a CD or savings. The questions are the same that my grandparents asked me a few months ago. The advice is from the personal decision that my husband and I made a few months ago. Can’t spend or lose the money if it’s sitting in an account that you can’t see on your mobile app.😉 Good luck in your housing and investment prospects!
Sorry but when anyone says "throw money" I don't take them seriously.
Buy the house don’t buy the stock it overvalued and you can’t live in it or rent it out or both !
I have no credit card balances, and I have over $22,000 in savings, but afraid to invest. I have been very frugal and am afraid to lose it in the stock market.
It's ok to keep saving. Opportunities will come your way. Just make sure not to self sabotage and go on spending spree. And be carefull on telling colleagues at work or family you have savings. That only brings jealousy.
I’d say start with just 1000 dollars invested into the S&P 500 index fund of your choice, on average the s&p should rise over 5 percent each year, however during the timeframe it will rise and fall many times, so once you put in the thousand dollars you halve to be prepared to watch it go down in the short term and not sell the shares so it can go up in the longterm
Remember you haven't lost (or gained) anything until you sell.
Send me the money. I'll invest it for you 😂
Keep educating yourself on the various investments tools out there. Education is 🔑. When u have a solid understanding you can act....but what you don't know is costing you. What Jaspreets videos there is a lot of wisdom to be gleaned. All the best !!
*”We overestimate what we can achieve in one year, but underestimate what we can achieve in 10 years,”*
Love from a small channel💙
This is the great quote 🙌
Hi
I tried signing up for the real estate investment but it says it's only available to the US?
I'm in Canada can I just set my residency to be US?
Will that affect anything?
Finally something worth listening too here on the Tube that makes a lot sense & worth liking oh and Subscribing for, motivational, ample info, generally outstanding work cheers Bhaee, for Sharing & caring from Australia
I dont fully agree with cash being a liability but nonetheless it was a good video. Cash is still an asset but it is one that depreciates
Cash is need in case of an emergency but also it's a necessity
10% giving 15% investing 10% savings and 65% spending
Hi! I am just starting my financial journey as I am just getting started in my career. What would be an example of an investment account? This seems to be a gray area for me.
@Minority Mindset the Disord link has expired the server needs to switch the settings option on link sharing to never expire
Nice timing day before payday!
Cha Gaye oh Sardar ji.
Question: if you open a savings account don’t you earn interest for not touching the money?
Yes, but it's like. 03% after inflation you lose money.
@@trentenglish4780 thanks for the reply
thanks you
appreciate this advice
save 6 months then stop. Buy dividend stocks and roll that money back into buying more stocks.
Pay off cash back credit cards before the bill is due.
Thank you so much for your brilliant ideas, I would love to invest 10k, because I don't know any idea of investment.
Best thing I did was have a roommate, actually two ...now my biggest bills are only 1/3. This is cheap living...allows me to save so much! Paid off all my credit cards, etc. Also, my job automatically saves for me with both an ESOP and 401k. And....I don't even make that much money and am gaining wealth! It's all about my attitude. I'm grateful for my job.
In pursuit of needs and sacrificing your wants, somewhere in between you die, who benefits? All wants are not bad, but what needs to be done at the age it needs to be done, has to be done.
I JUST WANT TO SAY THANK YOU TO ALL THE PEOPLE THAT LOVE TO KEEP UP WITH THE JONESES ......
This is a very informative video on what when and how to invest! Thank you Jaspreet!
Totally right
I feel like this dude makes the same video over and over again and just slaps a new title on it
Great stuff
Discord invite is invalid
*Jeff Bezos: Warren, your investing style is so simple. Why doesn’t everyone just copy you?*
*Warren Buffet: because nobody wants to get rich slowly*
Love from a small UA-camr💙
This is really good information I learned a lot
Subscribed.
you the goat
Sounds good until the stock market crashes so invest carefully.
This is a very educational video, wished i watched this video when i graduated from uni 10 years ago with £14,500 in my bank - True story no cap
Invest in guac
Probably one of the best financial videos I have ever seen. My hat is off to you sir...you deserve a standing O....
If you can’t afford 5 then you should not buy one, so get a higher credit limit and buy 5 then , I can work with this 😎😂
This is all great if you have a salary that allows you to Pay Bills have spending money, savings money and investment money. What about if you don't have all that extra cash ?
This is a very valid point. The only ways to move the needle in the situation is by either reducing living cost somehow, or increasing the income, or both! The tighter the situation, the more creative one may need to be in order to bridge the gaps in the finances.
yo Jaspreet, trader joe's isn't that pricey compared to crap stores like bravo etc
It’s pretty sad you have to explain this basic saving/investing to people. We are forced to learn Spanish in school but not taught how to be financially responsible adults. Years ago they used to have savings for kids in elementary school, you could bring some money to school in a little savings envelope type thing and put it in a bank. Then they stopped it for some reason or another. So now you have to teach adults to save money what a joke really. The funny thing is our system tells parents basically you are responsible to pay for your kids college, really? What is that teaching? I’ll tell you it teaches kids early on that they are owed something (entitled) just because they were born. My kids paid half of their college and worked as they were in college and I told them from the get go, fail a course you pay for it because there is no reason to not at least get the passing grade especially when your a college student. Amazing how most of these type of kids grow up to be responsible adults. Not party animals in college.
Jaspreet my G, lots of love from 🇨🇦
Cant you do this with options?
Like put cash secure puts or calls?
Side hustles squad 🤟🏾
Never buy a new car, ever. Unless you your wealth is pushing a million. Biggest liability is your car, then your health, then your savings(time lowers the value of your dollar quickly, dont hold cash)Spend heavy on your health, trust. Not the car
Exactly. It loses value once it leaves the lot when it's brand new
We tend to forget how important health is. Invest in your health first
Would it be a good idea to periodically invest into an ETF?
It's not a flat answer.
If you're interested in ETFs, research the ones you like, and if the numbers work out, put a *percentage* of your investment money into the one(s) you choose and follow the plan.
Don't screw around, that's how people end up buying high and panic selling in a dip.
I'm actually writing down these tips because idk if these videos will up 15 years from now. I'm going to teach these things to my daughters so they're able to make moves from the start of their first job.
Good bank to choose for the saving Ally bank.
Hi I follow you from Côte d'Ivoire, i do appreciate your content. I'm in my 20's and many People say buy stock buy by month, but how to start real estate by the way, i mean what to start first ? Or can i do both at the same time since i've one income source now ? Thans for your response
LOVED THE VIDEO JASPREET. YOU THE REALEST.😎😎💯💯💯💯💯🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑 KEEP DROPPING VIDEOS ON FINANCIAL EDUCATION. DONT STOP!!!!
Jaspreet , I want to invest little money I have …I save little after watching your video …I still so confuse where to invest …I have no knowledge about stock or money market account …pls advise
I have 87 dollars what should I do
Ty