How The System Keeps YOU POOR! (Money Myths That Keep You Broke) | Jaspreet Singh on Impact Theory

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  • Опубліковано 25 гру 2024

КОМЕНТАРІ • 2,5 тис.

  • @TomBilyeu
    @TomBilyeu  2 роки тому +341

    What was your favorite takeaway from Jaspreet?

    • @amit_dhami
      @amit_dhami 2 роки тому +97

      Jaspreet just goes in circles without providing real suggestions. He just got hype as he looks different and jumpy.

    • @bigsteppa3788
      @bigsteppa3788 2 роки тому +78

      That having assets is more important than saving

    • @ryanbaileyboxing
      @ryanbaileyboxing 2 роки тому +15

      Everything he says

    • @airgetmar1928
      @airgetmar1928 2 роки тому +39

      Gold as an asset, that everyone in India buys… very cool 😎

    • @caramela4830
      @caramela4830 2 роки тому +14

      Thank you for teaching us about finance.

  • @MinorityMindset
    @MinorityMindset 2 роки тому +959

    Thank you for having me on Tom! I appreciate the opportunity 🥑🙏🙏

    • @Hbk-gc7st
      @Hbk-gc7st 2 роки тому +29

      Thank you Jaspreet for educating us about money! Never heard economics explained so clear. This video is very valuable! May you be more blessed and prosperous!🙏🏽🙏🏽🙏🏽

    • @drkaushikt6926
      @drkaushikt6926 2 роки тому +9

      Such pragmatism is what the world needs Jaspreet

    • @ProfWho-ut5he
      @ProfWho-ut5he 2 роки тому +11

      Thanks. But knowing how the economy really works does not really help to get out of poverty, even with an entrepreneurial mindset. The vast majority of entrepreneurs fail and many fail so hard they are falling into poverty. 92% of startups fail, long-term probably even more. I know amazingly smart people with PhDs in Genomics, AI and quantum computing who work 100h weeks for their whole life, building great companies and always fail, staying poor. I know several CEOs who have deep tech companies in crypto, AI, health tech, but secretly live from welfare. Making a business profitable is difficult. People need more advice on what to do if having no resources to invest.

    • @Andradatattoos
      @Andradatattoos 2 роки тому +5

      Thank you for the educational gift! Such a great video. God bless!

    • @love05271987
      @love05271987 2 роки тому +2

      I love your channel. You are super knowledgeable. Thank you for sharing it with us!!

  • @helenoliver4838
    @helenoliver4838 2 роки тому +233

    I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
    Very inspiring! I love this.

    • @dannyvera8475
      @dannyvera8475 2 роки тому +3

      I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?

    • @helenoliver4838
      @helenoliver4838 2 роки тому +8

      @@dannyvera8475 I invest across the top markets but not by myself though. I follow the guidelines of *PRISCILLA DIANE AIVAZIAN* I can correctly say she's worth her salt as an investment advisor as her diversification skills is top-notch, I say this because of the results, as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what she places and not just on some particular industries of my choosing. she gave me that financial freedom I needed

    • @dannyvera8475
      @dannyvera8475 2 роки тому +3

      @@helenoliver4838 That’s great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?

    • @helenoliver4838
      @helenoliver4838 2 роки тому +3

      @@dannyvera8475 look her up on the internet with her name. she's quite popular for her services as she was recently featured on
      CNN. She can work with anyone irrespective of where you're located

    • @dannyvera8475
      @dannyvera8475 2 роки тому

      @@helenoliver4838 I just looked up this person out of curiosity, and surprisingly she seems proficient. I thought this was just some overrated BS, I appreciate this.

  • @johnlennon232
    @johnlennon232 11 місяців тому +449

    I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

    • @williamyejun8508
      @williamyejun8508 11 місяців тому +2

      Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

    • @williamyejun8508
      @williamyejun8508 11 місяців тому +6

      Natalie Marie Tuttle is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @totallysanebean
      @totallysanebean 7 місяців тому +3

      Wow that's amazing! How much starting capital did you have if I may ask?

    • @fonkibarah49
      @fonkibarah49 7 днів тому

      @@williamyejun8508rogue 😅

    • @ericlynch15
      @ericlynch15 4 дні тому

      Congrats! 29. Going on my own journey now. Hopefully when I’m 38 I’ll be making that passively too!

  • @johnluke6144
    @johnluke6144 2 роки тому +47

    In a world where everyone wants to be rich. My main goal is to be happy with what I have. No matter how much it is.

  • @chrispaul3778
    @chrispaul3778 2 роки тому +244

    Jobs will pay your bills business will make you rich but investment makes and keep you wealthy, the future is inevitable, I pray everyone here becomes extremely successful!!

    • @christopherhobb7702
      @christopherhobb7702 2 роки тому +1

      I recently got into forex trading and I'm already marvelling over the profits am making

    • @thomasdooley3702
      @thomasdooley3702 2 роки тому

      Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

    • @josephfrys6969
      @josephfrys6969 2 роки тому +5

      Every family has that one person who will break the family financial struggle I hope you become the one

    • @cyclingbulgarian-london8643
      @cyclingbulgarian-london8643 2 роки тому

      Business will make you rich? Did the businesses that went bankrupt since covid killed them know this amazing advice?

    • @anandasmith5080
      @anandasmith5080 2 роки тому

      Plain and clear explained thankfully

  • @PiscisLa22
    @PiscisLa22 24 дні тому +1217

    There’s a book called The Cosmic Wealth Frequencies on Borlest that reveals secret techniques to attract anything in life. It’s the real deal.

  • @philipanderson5839
    @philipanderson5839 2 роки тому +306

    Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

    • @amirbrooks6530
      @amirbrooks6530 2 роки тому +3

      As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course

    • @beastmode3799
      @beastmode3799 Рік тому

      Just started investing fr like last year. I’m 24 you got any tips or advice?

    • @herminepursch2470
      @herminepursch2470 15 днів тому

      ​@@beastmode3799I used all my retirement money to buy a house in 2018 at a low interest rate. My payment keeps going up because of taxes. My interest rate is fixed

  • @billclint-g9n
    @billclint-g9n 6 місяців тому +532

    Big government spending on sweetners and unicorns = higher taxes = higher inflation = government subsides to quell inflation, The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

    • @BarryKeys-o6p
      @BarryKeys-o6p 6 місяців тому +1

      Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

    • @Carlos-1500
      @Carlos-1500 6 місяців тому

      I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

    • @AgustínAndrés-s8r
      @AgustínAndrés-s8r 6 місяців тому

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

    • @BonitaSixx
      @BonitaSixx 5 місяців тому

      @HarryArnold-tq8sx in two years? $575,000 profit from $275K initial investment? BS!!!

  • @erichkraetz2622
    @erichkraetz2622 2 роки тому +535

    I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

    • @alexyoung3126
      @alexyoung3126 2 роки тому +4

      Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

    • @joesphcu8975
      @joesphcu8975 2 роки тому +2

      @@alexyoung3126 I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

  • @FreelyReadingwithDawn
    @FreelyReadingwithDawn 2 роки тому +155

    Hey Tom! Please don’t assume all teachers can’t. I’m a high school teacher for 27 years that invested $100 per pay since 1994, bought my first property in 1996, sold it in 2004, upgraded to my next asset which I now rent out. I invested in index funds, saved college funds for my 3 daughters, and have been a widow for 10 years whilst maintaining a five bedroom pool home solo. My passion is LITERACY including financial literacy. I share my knowledge with all my students. I read great books 📕 #UnicornTeacher #TeachersCanHope

    • @thekatephillips
      @thekatephillips 2 роки тому +7

      Love your story!! I do wealth education (especially for women). I would love to connect and possibly interview you.

    • @FreelyReadingwithDawn
      @FreelyReadingwithDawn 2 роки тому +3

      @@thekatephillips Hi Kate! I’m interested. Women need financial literacy skills and they need to know it’s possible on a marginal salary. If I did it anyone can.

    • @FreelyReadingwithDawn
      @FreelyReadingwithDawn 2 роки тому +1

      @@anjr6282 agreed. gritty organizational skills and a steadfast work ethic comes with the territory even if you’re a crappy teacher.

    • @Flojo9229
      @Flojo9229 2 роки тому

      @@thekatephillips Hi Kate, this resonates! I’m in the midst of a messy divorce settlement with two teenage daughters, I have worked all my life mainly in administrative financial management in management consulting but took a back seat to be around for the girls as my husband worked overseas, he is now a Director / high earner, we also have a small holding sheep farm & he is hiding assets…I had to give up my job in 2019 & am still not through my divorce settlement mainly due to fear of what lies ahead & shitty divorce lawyers…I would certainly benefit from wealth education & equally to equip my daughters with these critical life skills! Do keep me in your loop please!

    • @Artturih
      @Artturih 2 роки тому +1

      Yes, but you also invested, wich most people don't do.

  • @peggyturner2431
    @peggyturner2431 2 роки тому +66

    >In this perilous time of recession, protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over. This is for stock holders.

    • @anthonymilner1088
      @anthonymilner1088 2 роки тому +3

      >Unfortunately, most people don't get this, the majority is after chasing tops/bottoms where they fail & get out of the game.

    • @philipcooper1636
      @philipcooper1636 2 роки тому

      @Agatha Riley Same thought when I read the comments from people. as if it's that easy! You can't give what you don't have. That's why as many as who go into the market with little to no knowledge will continue to feel the full downsides of stocks when it happens. I personally need some guide with regards to my portfolio. How can I reach Stephanie?

    • @mikeyawylak8824
      @mikeyawylak8824 6 місяців тому

      Use a 20% trailing stop loss on your stocks.
      Call it cheap insurance!

  • @louisairvin3052
    @louisairvin3052 Рік тому +312

    I learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $80k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

    • @lisaollie4594
      @lisaollie4594 Рік тому +3

      @Lloyd Bernard I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a popular economist on a popular forum. Long story short, it's been years now and l've gained over $850k following guidance from my investment advisor.

    • @baileymclean8186
      @baileymclean8186 Рік тому

      @@lisaollie4594 Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation

    • @lisaollie4594
      @lisaollie4594 Рік тому +5

      @@baileymclean8186 The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with "LISA ELLEN SHAW" for about four years now, and she's made decent returns. If she meets your discretion, then you could go ahead.

    • @baileymclean8186
      @baileymclean8186 Рік тому +1

      @@lisaollie4594 Thanks a lot for this. I really needed the recommendation, and I would love to move my funds from an existing mutual fund. I'll check her ouT.

  • @cloudyblaze7916
    @cloudyblaze7916 Рік тому +744

    The system is really bad currently. Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.

    • @stephenpotter21
      @stephenpotter21 Рік тому +6

      I don't think you should liquidate just yet. The market is on the verge of recovery. If you aren't versed with growing your portfolio yourself, you could make a lot of money from investing with a wealth manager.

    • @victorlaranjahal
      @victorlaranjahal Рік тому +4

      This is accurate. I worked as a financial advisor with Merrill Lynch and then as an independent financial manager. I have seen really great profits that can be made by picking the right stocks.

    • @legacymedia8468
      @legacymedia8468 Рік тому +4

      Could you recommend a good financial advisor, since you've been in the business? Perhaps you know one with a good track record.

    • @victorlaranjahal
      @victorlaranjahal Рік тому +2

      *Sharon Louise Count* is exceptional in navigating tough markets. She was my colleague back at Merrill. I think she has a website through which you can reach her.

    • @ericmendels
      @ericmendels Рік тому

      Thanks a lot for this. I just checked her out now and I sent her an email. I hope she gets back to me soon.

  • @johnchris7085
    @johnchris7085 Рік тому +19

    Success doesn't happen overnight.
    It's a marathon, not a sprint. You have to pace yourself, put in the work, and be consistent day in and day out if you want to achieve your goals.

    • @billymark7125
      @billymark7125 Рік тому

      You are right, to be a successful person in life require him or her of hard work and time

    • @andersonwhales3312
      @andersonwhales3312 Рік тому

      The thing about been successful is working toward it and not going the other way round

    • @kelvinmcdonald5113
      @kelvinmcdonald5113 Рік тому

      You are right. Been thinking of going into gold and cyptocurrency

    • @andreajueal8243
      @andreajueal8243 Рік тому

      Invest in one of these!
      Real estate
      Crypto
      Stock
      Gold

    • @lincolnjack3198
      @lincolnjack3198 Рік тому

      Investing in crypto is the most profitable investment due to its current rise, huge profits and future benefits.

  • @inhabitantofearth
    @inhabitantofearth 2 роки тому +20

    I love that he said he never saw risks, he just saw opportunity. It's a very interesting mindset because once we see that there are risks, it can make us fearful, and fear can trap us into stagnation. But seeing risks as opportunities, and taking those chances can make us braver, wiser, and change our lives/selves for the better.
    I see so much risk in quitting my soul sucking job (I plan to quit in 7 months if I can last that long 😩), but it's either stay unhappy there or take the risk to change my life. If things don't work out the way I wanted, at least I can say "I tried" and learn something new in my journey.

    • @LozKat88
      @LozKat88 Рік тому

      Yes absolutely!! Such a good way of looking at challenges that come up in business as an opportunity, instead of a risk 👌🏼 I quit my 9-5 job to start my business within fashion and sustainability 6 years ago and have never “worke more “hours” in my life 😂 but I thoroughly enjoy what I am doing and love the community we’ve created and built around fashion and sustainability, collecting clothing is my passion and being able to help other people feel good wearing something awesome, and to show people how to wear, look after and recycle your clothing in different ways and I would much rather do that everyday and build a skill and an asset, than sit at a computer to make money for someone else
      When I was sitting there on the computer at my office job I was just visualising myself being in a shop full of amazing clothes all day and I’m so happy I took the opportunity to do that
      I hope others can do the same! ☺️

  • @michelledallas
    @michelledallas 2 роки тому +136

    The best way to find that balance between saving and living is by investing. This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments. Financial freedom is possible, you just need to know what to do and when to do it. I am a living testimony

    • @hernandezcrespo5110
      @hernandezcrespo5110 2 роки тому +2

      I totally agree with all that you have said, this is the reason I have so many investments, financial freedom is my number one go.

    • @isabellef.1177
      @isabellef.1177 2 роки тому +2

      I have seen videos, read comments. I am still trying on my own to start investing and it has not been working out for me. What do I do? How do I begin again?

    • @geraldbianchi9172
      @geraldbianchi9172 2 роки тому +5

      It is not smart to start an investment by yourself when you clearly know nothing about it. I say leave it to the professionals. I use the services of an excellent portfolio manager myself, I don't wanna take chances. I advise you do same.

    • @antoniopolanco8626
      @antoniopolanco8626 2 роки тому +2

      Investing all by yourself with no prior experience can be detrimental, you can loose all your money. I will advice you get assistance from a good professional, that way you will not loose your money, plus you will learn more.

    • @avagarcia9643
      @avagarcia9643 2 роки тому

      Does anyone have a trusted recommendation that I can look up? Please.

  • @ayandaveli2882
    @ayandaveli2882 2 роки тому +16

    This is one of those podcasts that's had be watched again and again, not for understanding but because there's gems of information on finance everyone and this guy sure knows his stuff!

    • @writeme6155
      @writeme6155 2 роки тому

      *👆👆⬆️Thanks for watching please endeavor to message right away the digit above I will love to hear your thoughts on it and for more enlightenment❤️🔝.*

  • @Aziz__0
    @Aziz__0 Рік тому +192

    My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

    • @2024Red-j5t
      @2024Red-j5t Рік тому +2

      Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

    • @Countstep0099
      @Countstep0099 Рік тому +1

      @@2024Red-j5t A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

    • @Petroguest-i4g
      @Petroguest-i4g Рік тому +1

      @@Countstep0099 that's impressive! I could really use the expertise of this advsors , my portfoIio has been down bad....who’s the person guiding you

    • @Countstep0099
      @Countstep0099 Рік тому +4

      @@Petroguest-i4g My advsor is NICOLE DESIREE SIMON, you can easily look her up, she has years of financiaI market experience.

    • @Petroguest-i4g
      @Petroguest-i4g Рік тому +1

      @@Countstep0099 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

  • @itseddyjeng
    @itseddyjeng 2 роки тому +28

    The interviewer asks questions and then interrupts with another question that the interviewee never gets to answer the first question.

    • @gga5360
      @gga5360 11 днів тому

      True! I hate when that happens 😒

  • @maurim6739
    @maurim6739 2 роки тому +87

    This video needs to be on every TV screen in America, especially for our younger generation to become more financially literate.

    • @ThinkingCrypto
      @ThinkingCrypto 2 роки тому +2

      Yup

    • @Goldminks
      @Goldminks 2 роки тому

      do you think the FED and government would support this, keep dreaming

    • @brobonner
      @brobonner 2 роки тому +2

      TOTALLY TRUE!!!!! 😳

    • @brunyyangyoufu1237
      @brunyyangyoufu1237 2 роки тому

      ´p lol o ni

    • @Marg205
      @Marg205 2 роки тому

      I just shared this video with my children and said MAKE your kids listen to this.

  • @VOIPninga1
    @VOIPninga1 2 роки тому +193

    It's like we're in the end game of Monopoly. If you don't own any assets (property) and you keep passing go and collecting your $200 (your salary) without buying any assets, you eventually go bankrupt. Going to jail is also an option to get some temporary relief.

    • @masseffectist
      @masseffectist 2 роки тому +11

      Love it. Great way of putting it

    • @Thatguy-kn9xu
      @Thatguy-kn9xu 2 роки тому +22

      Maybe I'm crazy, but what if monopoly was the game creators way of passing on a bit of financial literacy to the masses? Great analogy though!

    • @VOIPninga1
      @VOIPninga1 2 роки тому +1

      @@masseffectist thks

    • @VOIPninga1
      @VOIPninga1 2 роки тому +9

      @@Thatguy-kn9xu thks. It's interesting how it was originally called The Landlord's game and became popular during The Great Depression.

    • @jenniferleigh1674
      @jenniferleigh1674 2 роки тому +3

      Great example. Pretty much.

  • @akumacode
    @akumacode 2 роки тому +15

    I was not expecting this collaboration. Jaspreet and minority mindset really helped me understand the basics of wealth building and how government affects money

  • @selm006425
    @selm006425 2 роки тому +24

    I love this, Tom says "I'm not even going to say there is anything sinister" when referring to how the govt is trying to "help" us with inflation, and Jaspreet's response is "Sure" with a slight laugh, just perfect 😅 Great interview!!

  • @hollandhoff975
    @hollandhoff975 2 роки тому +55

    It's easy to be an investor during the good times. It's hard to be an investor during the hard times. If you want to be a successful investor,

    • @brownhilton2842
      @brownhilton2842 2 роки тому +1

      You're right, an investor with decades worth of time should be doubling down on value and dividend stocks.. heck, especially now when the market is where it is… steep discounted pick ups for long term consistent gains… WIN!

    • @brownkelly2033
      @brownkelly2033 2 роки тому +2

      @@brownhilton2842 that’s what I’m currently doing. I’m buying as much as I can handle now through these bad times. I pay my future self first by piling my pay into the market so I can thank myself later for it.

    • @berwickperu7683
      @berwickperu7683 2 роки тому +1

      @@brownhilton2842 Exactly man! We are in such a prime time right now to be investing. What an opportunity

    • @diegolim6277
      @diegolim6277 2 роки тому

      I'm new into investing, but I have been studying the market crashes and I was startled at how some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market?

    • @hollandhoff975
      @hollandhoff975 2 роки тому +3

      @@diegolim6277 Yes it can, I moved from an average lifestyle to earning over $20k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus. Hiring an advisor might be the best option for you as a rookie..

  • @sigurdthedragonslayer1810
    @sigurdthedragonslayer1810 2 роки тому +37

    Man this guy is fantastic his illustration is so simple and comprehensible.

  • @Younglo185
    @Younglo185 2 роки тому +57

    What I learned from this episode is to educate yourself on financial literacy and buy more assets and spend less .

    • @andydhillon1977
      @andydhillon1977 2 роки тому +2

      Exactly! I've been buying rental properties and cars that I'm confident will go up in value.

  • @BestMotivationOrg
    @BestMotivationOrg 2 роки тому +172

    Sometimes when you are in a dark place, you think that you are buried but you have actually been planted...
    If you are going through that hard time, just know that I am cheering for you...

  • @tomthetalker4442
    @tomthetalker4442 2 роки тому +184

    Sometimes I tell myself to be positive regardless of the situation but I see we're at it already because things are really getting from bad to worse. I'm slowly losing my mind because I don't know if there's gonna be any solution to survive this phase.

    • @biyuwang9952
      @biyuwang9952 2 роки тому +2

      You have to start spending wisely at this point and also spread your means of earning. You don't have to put all your eggs in one basket. Made my first million this way earlier this year (got help though). Can comfortably wait out this "phase"

    • @patriciacleveland2588
      @patriciacleveland2588 2 роки тому +5

      Easy on yourself, Panic will cause more harm than good

    • @amymansfield8184
      @amymansfield8184 2 роки тому +2

      Things are really getting uncontrollably out of hand but I always pray for the best soon

    • @biyuwang9952
      @biyuwang9952 2 роки тому +1

      @Hunan Train Funny enough, I can honestly relate. By help, I mean I got the services of a pro. I don't know if I am permitted to drop it here, but her name is "Leah Sandock Marie". Was in the news a lot in 2018. You can check her out online for more.

    • @user-zl5gn5lg6
      @user-zl5gn5lg6 2 роки тому +1

      @@biyuwang9952 Wow I know this little lady. Once attended a seminar she was also in attendance in Madrid,, She's American though, I doubt she works with foreigners,,,

  • @lucaswilliams9992
    @lucaswilliams9992 2 роки тому +499

    I've been reading up on recession and the market, apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mention a 32 year old that made $180k in 5weeks, how do I learn and apply these strategies, my portfolio has been stagnant for months.

    • @mariofabiani1957
      @mariofabiani1957 2 роки тому +1

      true, A lot of folks actually downplay the role of a portfolio-advisor these days. I remember couple summers back, after a lengthy divorce I needed a good boost to help my business stay afloat. With the aid of an portfolio-coach, i grew my reserve tremendously that same year. Helped me a lot.

    • @laurenlondon848
      @laurenlondon848 2 роки тому +1

      sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are currently in high demand more than ever....Seems more like extortion to me.

    • @mariofabiani1957
      @mariofabiani1957 2 роки тому

      Not necessarily, “Dawn Marie Gatti” is the portfolio-coach that guides me, her fees are peanuts in comparison to the overall performance of my portfolio, You can look her up.

    • @markobone1179
      @markobone1179 2 роки тому

      thanks for clearing that up, already went through her web-profile and she seems pretty tight which is why I was worried her fees will cost a ton haha. thanks a bunch for sharing.

    • @lathamwilfred1181
      @lathamwilfred1181 2 роки тому

      Yeah Dawn is a super genuis and I'm proud to say that.

  • @Nowcreates
    @Nowcreates 2 роки тому +13

    This video taught me more about Economics than years of schooling/college. Thank you Jas and Tom for this amazing video! Schools should show this video to all kids as a required elective.

  • @innocentgirl007
    @innocentgirl007 2 роки тому +4

    Thank you so much Tom for having Jaspreet on your show. This one brought me to tears as a first Canadian born of Asian immigrant parents. I feel him in what he said regarding the cash only, the hiding and the want to prove them wrong stuff. Also knowing I've "made it" and mom's passed away before seeing my success. So grateful for the info on this episode and am boosted to self-educate on financial literacy.

  • @zoeytank2921
    @zoeytank2921 2 роки тому +105

    I've said for years that basing inflation numbers on durable goods was idiotic. My kids can't eat a toaster, go see how much milk has gone up. Luckily corporate America bases their increases on the CPI number, so the CEOs are doing okay.. Comes down to the question, where else should I put the $560K in my sav ings besides the financial market

    • @trazzpalmer3199
      @trazzpalmer3199 2 роки тому +2

      I diversified my $400K
      portfolio across various market with the
      aid of an investment coach, I have been able to generate a little bit above $1.2m in net profit across high dividend yield stocks, ETF and bonds during this red season.

    • @graceocean8323
      @graceocean8323 2 роки тому +1

      who is your guide? I lost over $12800 just last week, so I’m in dire need of a financial~~planner#

    • @trazzpalmer3199
      @trazzpalmer3199 2 роки тому

      Credit to JOHANNA MUSSCHE my Investmnt-Adviser

    • @scottashwood9985
      @scottashwood9985 2 роки тому

      Thanks for this. This recommendation is coming at the right time because i am literally grasping for straws atm! I looked her up online, found her web+site and and scheduled a phone call with her.

    • @hannahdonald9071
      @hannahdonald9071 2 роки тому

      The lady seems really nice. This is great.

  • @RomaTomassi
    @RomaTomassi 2 роки тому +29

    It isn't "just education." It is mathematically guaranteed that there must be financial losers in the system. That's structurally built into the way the system works. It is unavoidable, even if every single person were fully financially educated.
    Furthermore all wealth ultimately flows into land values, and because we don't have a land value tax but instead have only dead weight lossy taxes, the rentier class (land owners) will always gradually monopolize all of the societal wealth.
    This is what the original board game Monopoly was designed to teach (called "The Landlord's Game") which had two sets of rules, Prosperity on one side and Monopoly on the other. Players played Monopoly but could vote to change the rules to Prosperity at any point. When the game was purchased for mass adoption they left Prosperity out and the game hasn't taught the principles it was designed to ever since.
    The billionaire class understand these problems with our system and use it to make themselves rich, but most everyone else, including many very wealthy, do not understand these principles. Probably one in a few hundred thousand understand, possibly less.
    This video is designed to inspire and sell products during commercial interludes, and some of the advice is good, but it still misses the mark on how the system increases the wealth divide over time.

  • @felixsadio120
    @felixsadio120 2 роки тому +27

    Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.

    • @josefdominus4839
      @josefdominus4839 2 роки тому +2

      I agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.

    • @felixsadio120
      @felixsadio120 2 роки тому +1

      @@josefdominus4839 I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, he was working with an IA Anne Marie Martin and I would bet he still does. I can boldly recommend her because I've witnessed her performance first hand. She's the real deal.

    • @josefdominus4839
      @josefdominus4839 2 роки тому

      How can I get across to her?

    • @felixsadio120
      @felixsadio120 2 роки тому +3

      She's on tel'gram

    • @felixsadio120
      @felixsadio120 2 роки тому

      @Annietradings

  • @marjoran7042
    @marjoran7042 2 роки тому +9

    Jaspreet in da haus!!! Tom and Jaspreet, my most fave YT educators. Sending love and power to you both!

  • @WilliamJonesChess
    @WilliamJonesChess 2 роки тому +6

    Key points
    If you are educated, 15:00 you own assets
    Become a doctor 17:00 or become a failure. Let me choose!
    If I wear it, I am going to own it. 30:45
    34:00 buying alcohol is pissing money away.
    While your friends spent money at a party, u spent your money and time on building compounds.
    Income - Expense = Profit = Investments + Savings
    39:00 Don't save for retirement, invest in it.
    42:20 Thank God for youtube as we have decentralised education
    59:50 buy what u are spending your money on- again with this point- same as said at 15:00

  • @kenmorrison5420
    @kenmorrison5420 2 роки тому +23

    Most times it amazes me greatly the way I move from an average lifestyle to earning over 65k per month, utter shock is the word, I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus

    • @kenmorrison5420
      @kenmorrison5420 2 роки тому

      Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits no my investment since I started trading with Richard Scote.

    • @kenmorrison5420
      @kenmorrison5420 2 роки тому

      His trading strategies are top notch coupled with the little commission he charges on his trade.

    • @danieladekunle1952
      @danieladekunle1952 2 роки тому +1

      @@kenmorrison5420 Really are you giving him your money or your coin?

    • @kenmorrison5420
      @kenmorrison5420 2 роки тому +1

      My coin stay right in my trading account, my account just mirrors his trades in real-time that's the idea behind copy trading.

    • @favourukandu3261
      @favourukandu3261 2 роки тому

      Wow, what a coincidence you invested with Mr Richard Scote also? My bi-weekly trading returns is $30,000.

  • @vahagnhovhannessian5249
    @vahagnhovhannessian5249 2 роки тому +38

    The moment I realized investing in multiple assets beats putting all my money into savings, that’s when I began to make steps to achieve financial freedom, and the truth is anyone can successfully make money by investing in these assets, the only reason most investors have more losses is because they don't follow the first rule of finding financial guidance. When I found an investment professional who is well-equipped to manage my investments, that's when I started having consistent income on all my investments. It’s been a great journey, I’m glad I find a way to financial freedom.

    • @jake44703
      @jake44703 2 роки тому

      Sadly I’m just realizing this, but it’s never to late to start.

    • @hollowelljeff2242
      @hollowelljeff2242 2 роки тому +1

      This feels directed to me.
      Hello, Thankyou for this comment, I actually know how important money managers and financial managers are, but I don’t know where to actively look for one. And secondly, since you got experience in this, do you have recommendations of any money manager?

    • @vahagnhovhannessian5249
      @vahagnhovhannessian5249 2 роки тому +1

      I’ve worked with a few good ones, but My Current manager has the longest working period, he’s been my investment manager for 8 months now.
      Have you come across any name like William Stanley PJ?

    • @vahagnhovhannessian5249
      @vahagnhovhannessian5249 2 роки тому

      @@hollowelljeff2242 i first found him on Upwork, so far he’s been excellent.

    • @vahagnhovhannessian5249
      @vahagnhovhannessian5249 2 роки тому

      + 14:07-43:41-5:29

  • @delfinadelmar6726
    @delfinadelmar6726 2 роки тому +7

    His UA-cam Minority Mindset is AMAZING! So much financial wisdom there.

    • @DistantColorado
      @DistantColorado 2 роки тому

      Minority mindset? That's just a human mindset

  • @CardCityCollectibles
    @CardCityCollectibles 2 роки тому +16

    Two of my favorite channels together! What an amazing episode , so much value yall! Much love!

  • @mikem8758
    @mikem8758 2 роки тому +5

    My number #1 rule was to take my savings/investment money out of check BEFORE it was deposited into my checking account. #2 rule was keep a percentage of savings in cash so when the stock market takes a downturn (like right now) I have money to invest in stocks (assets) that are undervalued:) Not only did I have the money to purchase stocks, I was able to purchase them at what I consider a “sale” value. I also reinvest my dividend into more units of stock.

  • @GreatladyPoaty
    @GreatladyPoaty 2 роки тому +2

    We all should listen to this over and over again. If you have kids tell them to listen to this video and reward them with a dollar or something. Thank you very much for sharing 🙏🙏🙏

  • @JM-bb8xi
    @JM-bb8xi 8 місяців тому +3

    Minority mindset was my first real crash course in finance, and now I work in finance, dudes an inspiration

    • @LookingupinJA
      @LookingupinJA 8 місяців тому

      ❤ indeed….game changer for my family and I…..debt free and now buying assets

  • @dancerdancer313
    @dancerdancer313 2 роки тому +7

    Omg, Jaspreet!!! 😀😀🔥🔥💖💖🙌🏽🙌🏽🎉🎉 So happy you guys interviewed him!! Such a phenomenal interview!! His UA-cam channel is fantastic! Highly recommend.

  • @jimdavis2428
    @jimdavis2428 2 роки тому +8

    The lack of financial education is NOT a flaw of our system, it is a feature. The government DEPENDS on financial illiteracy to operate. If everyone was financially literate governments would be screwed and would have to design new ways to fleece everybody. Governments, elites, super rich etc. - whatever you want to call them need the majority to be financially illiterate or the system no longer works for them.

  • @ashleymichelle0713
    @ashleymichelle0713 2 роки тому +26

    wow two of my favorites guys! like the educated big brothers we all need 💕 thanks for the info guys. Great quality content as usual.

  • @oliviani7393
    @oliviani7393 2 роки тому +58

    < The Market has been pretty bad. Everybody is Practically Crying. It keeps dipping. That's what you get when you feel you can navigate the process in your own. Big thanks to Larysa Caba. I'm not bothered with how bad the market is because my assests are insured due to her advice and I still receive my profits >

    • @bigelbow4854
      @bigelbow4854 2 роки тому

      Having Cr yp to As sets and not being able to make Pr o f its out of them can be very frustrating. Big thanks to Larysa Caba, I make hu ge Pr o f its Tr a d I ng with her weekly.

    • @kayladove3191
      @kayladove3191 2 роки тому

      @Fredrick Alfarez wow this is awesome, I'm new at this how can I reach her?

    • @leticiaenraz8514
      @leticiaenraz8514 2 роки тому

      I haven't seen anyone so determined to make her clients profits as Larysa Caba. How she allows you express your fears and still calms your fears is something I admire about her. I don't usually comment on videos but I must put the word out there. She's really great.

    • @ivarlast2966
      @ivarlast2966 2 роки тому

      @Fredrick Alfarez I Just checked her name out now with my phone. She's Licenced with credible results. Thanks for the Info.

    • @maracadar
      @maracadar 2 роки тому

      What is the minimum to invest with her?

  • @marianparker7502
    @marianparker7502 2 роки тому +115

    My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.

    • @wiebeplatt4749
      @wiebeplatt4749 2 роки тому +4

      As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.

    • @tradekings5433
      @tradekings5433 2 роки тому +5

      @@wiebeplatt4749 I agree with you. I ventured into stock with less than $100,000, and now I'm about 17,000 short of half a million dollars. Credits to Susan Agnes Hancock . She's verifiable.

    • @marianparker7502
      @marianparker7502 2 роки тому +2

      @@tradekings5433 Thank you! i just looked her up and sent a message hoping she gets back to me.

    • @kylez2141
      @kylez2141 2 роки тому

      1 day at a time is how my friend

    • @MimiB1974
      @MimiB1974 2 роки тому

      Invest while the market’s low… it ALWAYS bounces back. Don’t withdraw any of it unless it’s for an emergency or you’re of age to retire

  • @cooshaghen8539
    @cooshaghen8539 2 роки тому +34

    I wanted to learn how to trade and the best advice I got is to read books about investing. One advice that I have found useful from one of my books is the fact that if you buy stock with low p/e ratio (also called price to earnings ratio and if the is low it usually means that relative to the stock's earnings the stock is undervalued) and also with high return on invested capital (if the return is high it means you made profit) but this is not financial advice to me it is only useful.

    • @cobusgillis5872
      @cobusgillis5872 2 роки тому +1

      I also came to UA-cam to here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k.
      Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

    • @cornelishannes3064
      @cornelishannes3064 2 роки тому

      Investing in stocks is a good idea, a good trading system would puts you through many days of success.

    • @constantijngustaaf6524
      @constantijngustaaf6524 2 роки тому

      It is also possible to produce superior performance provided you do something different from the majority. However, most of us tend to pay more attention to the shiniest position in the market than to the cost of proper diversification.

    • @gibbstiffanygibbs9979
      @gibbstiffanygibbs9979 2 роки тому

      The cryptocurrency market is seeing one of its worst selloffs since 2020, sparking panic among investors and raising questions about why crypto prices have been increasingly sensitive to gyrations in the market.

    • @hudsonliam8216
      @hudsonliam8216 2 роки тому

      Having monitored my portfolio performance which has made a jaw dropping from $360k just the past two quarters alone, I have learned why experienced traders makes enormous returns from the seemingly unknown market.

  • @georgesontag2192
    @georgesontag2192 2 роки тому +17

    My friend purchased a house and rented to a young couple. She became pregnant and he moved out. The court system would not evict her and the owner had to pay his own morgage for 18 months. Real estate is not a perfect investment either.

    • @carlostosado8965
      @carlostosado8965 2 роки тому +2

      There is risk with everything

    • @sincerelysandi
      @sincerelysandi 2 роки тому +1

      I agree. I has a rental property for 6 years. Tenant and his dog torn the house up so bad that I don’t want anything to do with renting. I would fix and flip.

    • @taurus1647
      @taurus1647 2 роки тому +2

      I hope the poor pregnant woman is okay though, too

  • @bobbygunz9254
    @bobbygunz9254 2 роки тому +123

    I'm in my 60s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that made hundreds of thousands during these crash.

    • @floxydorathy6611
      @floxydorathy6611 2 роки тому

      That's absolutely true!The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

    • @bobbygunz9254
      @bobbygunz9254 2 роки тому

      @Fredy Dez That's huge! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisr that guides you is who though?

    • @floxydorathy6611
      @floxydorathy6611 2 роки тому

      @Fredy Dez i just researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call....thanks 🙏

  • @melaniedawn4256
    @melaniedawn4256 2 роки тому +6

    Thank you for an awesome conversation. I'm 51 and have been aware of what's happening now for a couple of years. But boy is it hard and time consuming to unlearn your entire life's learning so you can now get it right. Damn thankful for people like you two who are enabling me to teach my children and grandchildren how it should be done.

    • @MrDooley45
      @MrDooley45 2 роки тому

      I can relate to you I am 55 and been doing for last 5 yrs

  • @forthejoseph
    @forthejoseph 2 роки тому +22

    Don’t hate yourself if you don’t own assets yet. Also a lot of people aren’t meant to join the cashflow game in the same way. We should be open to new solutions not just fitting into the system as it has been so-called imposed on us (voluntary compliance). Having said that I appreciate this video very much for the insights and overview!

  • @gracelutheran9399
    @gracelutheran9399 2 роки тому +17

    The mind replays what the heart can't delete . So be careful what you keep in your heart . Purify it often

    • @victorpsalms8558
      @victorpsalms8558 2 роки тому +2

      To whoever reading this , never stop chasing your dreams you can do it . Keep pressing and thriving you will make it ! Consistency is the key to achieve your goals

    • @noblelucky8666
      @noblelucky8666 2 роки тому

      Bitcoin trading is just like any other business but in this case more sophisticated and advanced .

    • @helenjoseph6147
      @helenjoseph6147 2 роки тому

      Investment put you ahead in life , is like buying a day off you don't have to work again , invest now and secure your future .

    • @christinamaria4196
      @christinamaria4196 2 роки тому

      Starting early is the best way getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to a decent payouts, with the right skills and proper understanding of how the market works

    • @toriburnside8606
      @toriburnside8606 2 роки тому

      Making profitable trades isnt as hard as you think, I took the right steps as a beginner by investing with a reliable brokerge where all my trades are being handled by financial expert.

  • @9206792
    @9206792 2 роки тому +19

    This was an excellent interview! Definitely at the top of my list for I.T. guests. My favorite take away was just the overall explanation of the financial system in a simple manner.

    • @mystic__ar
      @mystic__ar 2 роки тому

      What is I.T. guests bro?

    • @9206792
      @9206792 2 роки тому

      Impact Theory guests

  • @Vikturneer
    @Vikturneer 3 місяці тому +63

    With a good investment plan that ensures a steady income without any doubts, I am prepared for a well organized retirement. I started investing 3 years ago and so far, I am making a good yield on my dividend.

    • @CamilaBadde
      @CamilaBadde 3 місяці тому +5

      How are you able to do it? Not everyone is as lucky as you know.

    • @Vikturneer
      @Vikturneer 3 місяці тому +4

      Jonas Herman, a licensed FA is the brain behind my success. I've gotten into a plethora of assets with $17k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 81k in roi, I sit back and just reinvest at intervals while I handle my other businesses.

    • @Donnierra
      @Donnierra 3 місяці тому +1

      To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward in my finances. It’s all gambling.

    • @Vikturneer
      @Vikturneer 3 місяці тому +3

      Sure
      Hermanw jonas that’s his gmail okay

    • @Drhuntley
      @Drhuntley 3 місяці тому +1

      Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.

  • @GoranIsmov
    @GoranIsmov Рік тому +289

    While my portfolio consists of reputable companies, it has experienced a lack of growth this year. Given the current inflation and depreciation of the dollar, I recently withdrew my funds from the bank. I allocated some of these funds into investments in gold and silver. Currently, I have around $560,000 sitting idle in my reserves that I am seeking to increase. I would greatly appreciate any suggestions on how to enhance the growth of my portfolio.

    • @ScottRich9
      @ScottRich9 Рік тому +2

      Numerous captivating stocks across various industries are worth monitoring. It's not necessary to act on every market forecast. Instead, I recommend collaborating with a financial advisor who can assist you in determining the optimal moments to buy or sell the shares or ETFs you intend to invest in.

    • @OlgaRusov
      @OlgaRusov Рік тому +2

      That's quite remarkable! I could certainly benefit from the knowledge and guidance of such guides.

  • @scoobtoober2975
    @scoobtoober2975 2 роки тому +6

    I"m not an ethnic minority. I do consider my self a minority in mindset. It is a super power. I don't take it for granted. I felt like I was doing something powerful and helpful to my well being but didn't realize it until 5 years ago. Now it's thinking of big picture. Restraint yet rewards at times. But the constant money in money out is total garbage. Thanks for this talk.

  • @Mariicisneros
    @Mariicisneros 2 роки тому +12

    I started my salon business with stimulus checks now I’m on my way to buying assets. ✅ Pays to be financially educated!

  • @Jennozen1
    @Jennozen1 2 роки тому +5

    Oh man! 2 of my favorite UA-cam informants together in one place! Prepare to be educated friends.

  • @lukeanderson4004
    @lukeanderson4004 2 роки тому +16

    Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year..

    • @levaehdestry5409
      @levaehdestry5409 2 роки тому

      Cash isn't king at all in this era and I think the best strategy is to start buying in slowly and then gradually increase the peace of buying as the price continues to drop. Don't catch the falling knife, lol. Long term investors know that's the market and economy will recover eventually, and investors should be positioned for such a rebound..

    • @collinscollins5891
      @collinscollins5891 2 роки тому

      To manage your money and achieve financial freedom. Start investing, that's the only true way to multiply your income and stay rich always. I spent my 30's and 40's investing in stocks and real estate. That's the best thing I did doe myself, recently discovered crypto now and life feels more easier..

    • @connorobrian2679
      @connorobrian2679 2 роки тому

      As someone who has invested in some different cryptos and still learning about it. You are realistic and extremely good. Thank yall for educating us newbies. but I'd like to fish out my point of view, BTC is almost like a tease when it gets to these levels and it starts to suck in liquidity around this range but we will have to see how the market reacts to these. This is a perfect time to partake in trading as it is volatile and making use of the dip to earn as I've made over 4.2 BTC when I started at 1.5 BTC in just a few weeks with Lauracharlie, her strategy is so satisfying

    • @samuelpayne5213
      @samuelpayne5213 2 роки тому

      It doesn't matter if you are a current hodler or a newbie, you can capitalize on the fluctuation of bitcoin by trading with good strategy/signals.

    • @connorobrian2679
      @connorobrian2679 2 роки тому

      +1 4 1 3

  • @Tehutii55
    @Tehutii55 2 роки тому +2

    My favorite takeaway from Jaspreet is that you will not be able to out-save inflation!! I tried telling that to family members to the point I had to walk away to save my mind!! "Financial IQ 101".

  • @AberrantArt
    @AberrantArt 2 роки тому +26

    I wish he covered outsourcing everything to China and how THAT also effects supply chain and inflation and REDUCES jobs in the USA. Bringing manufacturing back to the USA would CREATE VALUE and jobs, what he claims is important.

    • @HashPhantom
      @HashPhantom 2 роки тому +1

      China has the US by the balls, they don’t want to give up those manufacturing jobs and people won’t pay double for a pair of shoes.

    • @JohnClark-tt2bl
      @JohnClark-tt2bl 2 роки тому +5

      I agree, bring manufacturing back to America. I'm tired of buying cheap, Chinese made things from Walmart, I want to buy much more expensive, American made things from Walmart!
      This is the problem, Americans have been living large on cheap labor for years, all of us. If you want to bring manufacturing back to the US, who will be able to afford the product being made? Americans don't work for Chinese prices, that cheap thing from Wally World will cost multiple times more to buy.
      We did this to ourselves, we're all to blame. We wanted nice things for cheap, and we got them. Meanwhile those jobs were shipped away, because we needed it to be made for less.

    • @berniayers9494
      @berniayers9494 2 роки тому

      Globalists are pumping money into China period. That's what they do... they did it to Soviet Union & Germany, then they go to war against them. They make money on weapons, oil, artillery when they destroy the nation... then make money to rebuild it. They take turns in different nations, it was China's turn to be fat piggy at the table. It's like chess & monopoly combined.

    • @johnrodgers2171
      @johnrodgers2171 2 роки тому

      Never going to happen. Most people in the US won't do repetitive tasks for low wages. If it ever gets to that point you'll see a lot of people jumping from factory rooftops just like China.

    • @TheKillermike83
      @TheKillermike83 2 роки тому +1

      The Globalists wont like that

  • @meredithelbert6608
    @meredithelbert6608 2 роки тому +16

    These steps from jaspreet can be productive for a certain type of income bracket. The key to building wealth is developing good habits like regularly putting money away in intervals for investments .The financial market has plenty of opportunities to earn.. I made my first million from going diverse, mainly stocks, etfs and bonds . i use a wealth manager and it's been a year of steady growth..

    • @larryronhartfield55
      @larryronhartfield55 2 роки тому +3

      You are totally correct about that as a noob I tried hardly to understand the basics! good on your manager I understand the importance of one!

    • @mitchsapastein5593
      @mitchsapastein5593 2 роки тому

      please do you mind me getting in touch with your manager. i could really use one

    • @meredithelbert6608
      @meredithelbert6608 2 роки тому +2

      @@mitchsapastein5593 sure! she goes by Susan Kay Mack, you can search her up to connect with her

    • @harleycartley3138
      @harleycartley3138 2 роки тому +1

      I had to Google to be sure, great resume she has.

  • @DianaGascon
    @DianaGascon 2 роки тому +15

    Robert kiyosaki author of Rich Dad Poor Dad... It's like hearing him talking. Exact explanation of assets and liabilities

    • @amyhudson1016
      @amyhudson1016 7 місяців тому

      This guy does it without ego. Much better

  • @hispersonalpage
    @hispersonalpage 2 роки тому +2

    This was the simplest explanation, thank you

  • @DarthSkye
    @DarthSkye 2 роки тому +2

    Absolutely love this. The way Jaspreet showcased his financial literacy and shared his personal growth/pain points really stood out to me. Just gained a sub. Thank you for this!

  • @Hollowaykd
    @Hollowaykd 2 роки тому +5

    20:00 That dawned on me once I got to uni and started looking at jobs. "go to uni, get good grades, get a good job and become rich" something just doesn't sit right there

  • @read2gainknowledge
    @read2gainknowledge 2 роки тому +6

    WOOHOOO. I remember watching him when he first started. So happy for you Jaspreet!!!!

  • @harunamerit5415
    @harunamerit5415 2 роки тому +14

    I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

    • @auwaltina9181
      @auwaltina9181 2 роки тому

      Investing in stocks is a good idea, a good trading system would puts you through many days of success.

    • @benjamincarlos5719
      @benjamincarlos5719 2 роки тому +1

      I agree with you dear, stock is the most profitable venture I ever trade in, I reached my goal of $20,000 in just weekly basis earning, setting realistic goals is an essential part of trading

    • @shamsulawan3137
      @shamsulawan3137 2 роки тому

      Wow I'm just shocked right now because I just heard the same name of this great expert called "Mrs Mac Debbie"..

    • @joshuajospedro9843
      @joshuajospedro9843 2 роки тому

      Does her service available outside the UK? As her broker is registered in UK.

    • @hiroshinakao7141
      @hiroshinakao7141 2 роки тому

      My cousin recommended her to me. He has been making a lot of profits, the profits he gets is large, I've seen other traders who offers to give you 500% of whatever you invest.

  • @Stormysayswhat
    @Stormysayswhat 2 роки тому +1

    Literally 2 of my favorite people on UA-cam!! These are the types of friends I aspire to have in the future that I could sit down and have these conversations with. Thanks guys great video!

  • @JonathanBriggs-qd4zi
    @JonathanBriggs-qd4zi Рік тому +249

    Great video!. Well I'm so happy I made the best decisions by having a good investment, Recently I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early

    • @HarryGood4u
      @HarryGood4u Рік тому

      That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals

    • @JonathanBriggs-qd4zi
      @JonathanBriggs-qd4zi Рік тому

      The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Carrie Valletta, she is my current trader and her strategies are working

    • @MartinezAlvarez861
      @MartinezAlvarez861 Рік тому

      Actually this is not the first time I am hearing of Carrie Valletta and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her

    • @Hannah-Green
      @Hannah-Green Рік тому

      The truth is, with this recent economy everyone needs more than their salary to be financially stable. The best thing to do with your money is to Invest it rightly because money left for savings always ends up used with no returns.

    • @georgecarrillo5972
      @georgecarrillo5972 Рік тому

      I have heard a lot about this Carrie Valletta, how do i get to reach her?

  • @DariusTan
    @DariusTan 2 роки тому +7

    If you were given a chance to do things,
    Do things that really make you happy.
    Because these things are what will make your life matter most of the time.

  • @FloridamadeJay81
    @FloridamadeJay81 2 роки тому +3

    Jaspreet is a very smart man. Great job bringing him on. I have a 150k a year recession proof career. I will start investing this year. I start understanding what's going in early this year

  • @TheJoshheart90
    @TheJoshheart90 2 роки тому +31

    If you don’t know where to start investing; start investing in your self. Knowledge is one key 🔑

    • @froesesp
      @froesesp 2 роки тому +4

      Yes, health is the most important thing!

    • @sincerelysandi
      @sincerelysandi 2 роки тому

      @@froesesp agee 100%. Health is wealth.

  • @RonaldKragnes
    @RonaldKragnes 2 роки тому +1

    0:00 | Introduction to Jaspreet Singh
    0:35 | Why the Poor Stay Poor
    17:03 | Thinking Differently About Money
    30:45 | Save & Invest Money Smarter
    44:14 | Building Wealth As A Minority
    57:21 | 5 Places to Invest Money

  • @adrianapusztai6806
    @adrianapusztai6806 13 днів тому +1

    Best explanation of how the modern economy and money work. Thank you so much, God bless you both.

  • @claudiawinterhalter6444
    @claudiawinterhalter6444 2 роки тому +4

    Doing things out of spite is a great motivator!
    And when you succeed, please stay humble ❤️

  • @emmahardesty4330
    @emmahardesty4330 2 роки тому +6

    Great info, for sure. Important fyi: Social Security's yearly increase is vastly decreased by galloping cost of Medicare; the yearly increase never meets COL.

  • @Leartoearn
    @Leartoearn 2 роки тому +8

    In my early 20s I tried to get rich quick. Now in my late 20s. I’m slowly building wealth. I’m patiently waiting to purchase my third real property.

    • @heschosen9243
      @heschosen9243 2 роки тому

      Wow I’m in my early 20s and I’m trying to get rich quick ! Great minds think alike

  • @maxinestewart1922
    @maxinestewart1922 2 роки тому +7

    Thank you Tom another great hitter. As a single hardworking mom raising young men this was energizing. I am always trying to explain ways to make their money work for them. And for me this was another push in the right direction for myself also. Thank you for always giving us great content. I am a fairly new subscriber and I am appreciative for all your great interviews and knowledge

  • @JamesGriffin-p1m
    @JamesGriffin-p1m 4 місяці тому +2

    You have the best guest ever!!and you always exercise Multi-Cultural’Diversity❤

  • @sagesingh
    @sagesingh 2 роки тому +7

    Yo thank you guys so much for making this video. Hearing you guys say “trade time for money and buy things to flex” is so powerful.

  • @karolgarley
    @karolgarley 2 роки тому +6

    One of the best financial interviews I've ever seen!!! Thank You!

    • @writeme6155
      @writeme6155 2 роки тому

      *👆👆⬆️Thanks for watching please endeavor to message right away the digit above I will love to hear your thoughts on it and for more enlightenmen🔝🔝.*

  • @Marktinbury
    @Marktinbury 2 роки тому +33

    Every family have that one person whom will break their financial burden, hope you are the person spend less. In_vest more

    • @allisonmatt6314
      @allisonmatt6314 2 роки тому

      Assets that can make you successful

    • @allisonmatt6314
      @allisonmatt6314 2 роки тому +3

      Bitcoin

    • @allisonmatt6314
      @allisonmatt6314 2 роки тому +3

      Crypto /
      Stocks

    • @oliviajayden5461
      @oliviajayden5461 2 роки тому +1

      You are right sir is obvious alot of people remain poor due to ignorance

    • @Meadowsalacurtis
      @Meadowsalacurtis 2 роки тому

      @@allisonmatt6314 Yes, exactly, crypto trading is the world trending online investment now

  • @Andradatattoos
    @Andradatattoos 2 роки тому +9

    Golden information. Thanks Jaspreet and Tom

  • @christinetaylor4360
    @christinetaylor4360 2 роки тому

    I really loved EVERYTHING Jaspreet said! He kept me engaged entirely thru the show. The key take away for me is my attitude towards money. Think less like a consumer. I have owned real estate for 18 years and learned a lot. Once I sold everything I started to invest heavily in everything BUT real estate….lol

  • @31dchristd
    @31dchristd 2 роки тому +2

    All I can say is thank you to the both of you 💯

  • @keithshowell6688
    @keithshowell6688 2 роки тому +4

    Share this one with everyone you know, folks (especially your young adult children)!!! Thanks Jaspreet and Tom for this simple and profound interview.
    *"You can't out-print inflation..."
    Write that one down!

  • @zilongluo3600
    @zilongluo3600 2 роки тому +3

    This show is GOLD! Thanks for sharing this you both!

  • @amandaallen4873
    @amandaallen4873 2 роки тому +14

    To whoever reading this , never stop chasing your dreams you can do it . Keep pressing and thriving you will make it ! Consistency is the key to achieve your goals

    • @paulnicolas5742
      @paulnicolas5742 2 роки тому

      I feel it's the right time to invest , it's when you can get the better deals EVER , love your content . keep it up , You make the most complicated things so simple . Consistency . Discipline . Success to all upcoming millionaires I'm really interested in investing .

    • @eugeniaruth1158
      @eugeniaruth1158 2 роки тому

      Bitcoin trading is just like any other business but in this case more sophisticated and advanced .

    • @ruthanne3513
      @ruthanne3513 2 роки тому

      Investment put you ahead in life , is like buying a day off you don't have to work again , invest now and secure your future .

    • @stevenlyons1674
      @stevenlyons1674 2 роки тому

      Starting early is the best way getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to a decent payouts, with the right skills and proper understanding of how the market works

    • @victorpsalms8558
      @victorpsalms8558 2 роки тому

      Making profitable trades isnt as hard as you think, I took the right steps as a beginner by investing with a reliable brokerge where all my trades are being handled by financial expert.

  • @MariRed310
    @MariRed310 2 роки тому

    I am so happy I came accross this channel!!! FREE KNOWLEDGE. TAKE IT AND LET IT SINK IN.

  • @kristenhadassahpolanco6719
    @kristenhadassahpolanco6719 2 роки тому +1

    I just want to thank you so much for bringing everyone this information. Knowledge is power, and you bring power to people. May you receive it back 10 fold.

  • @craigsmith5207
    @craigsmith5207 2 роки тому +14

    Fantastic discussion, they really should teach this at school.

    • @Hbk-gc7st
      @Hbk-gc7st 2 роки тому

      Unfortunately they don't, because it's part of the system. If everbody would learn this, where would they get the employees that finance this construction?😔

    • @ddfelder2
      @ddfelder2 2 роки тому

      Now why on earth would they do that?!

  • @oliviatuffin1144
    @oliviatuffin1144 2 роки тому +23

    As the economic crisis keep rising, one needs to have different streams of income, It keeps dipping. That's what you get when you feel you can navigate the process on your own. Big thanks to Mrs. Amela Friedman. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profits, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future

    • @oliviatuffin1144
      @oliviatuffin1144 2 роки тому +3

      tradewithamela✔

    • @gabriellouise3763
      @gabriellouise3763 2 роки тому +1

      UA-cam has been of great help to many facing challenges of making best decisions on what to invest in, but its enough cause most people dont understand what they watch. Many need professional aid that Offers best plans to better create wealth.

    • @meredithcollins5582
      @meredithcollins5582 2 роки тому +2

      This lady called Amela Friedman must be very good for people to talk about her this much. she handles my colleague's investment too. I'm surprised to see you talking about her

    • @timberanderson532
      @timberanderson532 2 роки тому +1

      Mrs. Amela deserves more accolades, just the same way I was going through comments and i saw this. I gave a try and bet something I never regretted..

  • @tylerpitterson1809
    @tylerpitterson1809 2 роки тому +11

    Knowledge is truly power! Great conversation. Thank you for sharing

  • @tysonmateo2406
    @tysonmateo2406 2 роки тому +1

    Heard everything said here before, by others… Jaspreet’s delivery is dope.

  • @ElMusaofficial
    @ElMusaofficial 2 роки тому +1

    New Subscriber! Amazing content man. Keep it up! 💯💯💯

  • @c.moeller
    @c.moeller 2 роки тому +5

    Real Estate is also in a bubble because their price
    increases have gone up way higher than incomes.
    The ratios are at historical highs. It would be a
    bubble regardless of the stock side and investors.
    The higher interest rates are just going to make it
    pop faster. For now, I'm just gonna stick with asset
    diversification using the copytrading system.
    Finished second quarter at +21%. Just an average
    Joe here trying to thrive in these volatile markets.

    • @RDavid.
      @RDavid. 2 роки тому

      I was wondering if investing in a cumulative
      ETF during this next decade is a sound
      investment. Or is it better to invest in a
      distributing ETF (even considering taxes).

    • @c.moeller
      @c.moeller 2 роки тому

      @@RDavid. My funds are pretty much diversified. You should probably try
      algorithmic trading; copy the gurus, more so
      one with experience of the past bear markets. I copy a chartered financial analyst Williams T. Kevin. Been quite consistent. My
      portfolio returned approximately 24% in the
      first quarter.

    • @c.moeller
      @c.moeller 2 роки тому

      @Pablo M. Jay Since it's an algorithmic based model, it's very much transparent because you can actually see what assets you have and how much growth your portfolio has achieved.
      You can communicate with him on telegam with the user name below.

    • @c.moeller
      @c.moeller 2 роки тому

      @Pablo M. Jay Earnwithkevin.

    • @_aarush
      @_aarush 2 роки тому

      I find it way better to pay for peace of mind than worry about market trends and still get burned. Thank you for sharing this valuable piece of information here.