5 Steps To NEVER Be Poor Again
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- Опубліковано 3 жов 2024
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What Is The Minority Mindset?
"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh
Follow me:
Instagram: / minoritymindset
Website: www.TheMinorit...
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Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: I'm just a random guy on UA-cam so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
I agree with everything he says! I make 5x more that many people and still drive a 15 year old Toyota SUV. I see people who make less than half what I make buying fancy liabilities that earn nothing, no dividends or profits. My assets will pay me and my lifestyle in the long run
They have the attitude. "Who cares about Tomorrow, I live in the present". Which is good, not denying that, however, tomorrow will be your children and grandchildren that will suffer. Even, if I become rich, I don't think I can enjoy it. But I am going to make damn sure my next generations will not know poverty.
They're spending their credit card like no tomorrow. And Banks like this behavior. But not me, I have seen 2008 very well. I will not make that mistake.
@@matheenarif8645 I'm not gonna suffer for the future generations and not enjoy the now.
A 2009 Toyota suv is not that bad
A 15 year old Toyota SUV is an expensive depreciating liability that probably costs more than a newer used version. Do the spreadsheet analysis and see when that crossover occurs.
@@matheenarif8645by the 3rd Generation, no one will ever know you existed...😂
Delay pleasure and keep working like crazy is my advice
There are many ways to enjoy pleasurable things in life that don’t cost much
😂, work get paid and invest smart,invest in things that get you more money
This channel just changed my mindset drastically.
I AM RESPONSIBLE FOR ME.
I needed this! Just hit a major milestone and the emotional side of me says “I deserve what I want” the logical and future self says “keep pushing” I was falling victim to the emotional side
When I was earning 12k a year, I drove a Nissan micra, when I started earning 30k a year, I still drove the same car, wore cheap clothes, still lived in a shared house, that’s how I saved money
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
I'm so lucky to watch this video 😢 I have Netflix and prime video plus I'm paying monthly for car wash 😢 I'm in credit card debt I'm canceling everything plus getting on the carnivore diet to save and pay of my credit cards thank you
Hang in there bro, everything will be alright.
Being poor is a way of life
Being broke is just temporary
Well said.....
Wow, this is re-thinking stuff. Bro 👌👌👌
Thank you for teaching me. I started late in my 30s and wish I did in my 20s but it's never too late!
That’s a great attitude! As someone in their early 20’s what advice can you give
@@yadant-m674 I would say avoid getting into debts as much as possible, keep a humble life and always always put a chunk of your income into savings and investment. I went for ETFs, it's nice and passive, don't have to think about it.
@@yadant-m674 And also, take this with a grain of salt, I don't mean any confrontation, but your health is your greatest asset. I cured my illnesses by researching what we ate when we evolved, and contrary to what the mainstream media wants us to believe, we are as carnivores as cats and dogs are. Eat your fatty red meat, avoid carbs and limit plants.
Very very wise man. Glad he's not a financial advisor because he'd have to charge for this kind of content.
Being a taxi driver we live the commission life, there are years that are up and years that are down. Going through a down year, companies keep over hiring, and my expenses are about to go up again. I'm at the point where I'm living on the edge and need a better job. The main issue is the few better jobs out there requires permits, licenses and endorsements that costs money I don't have. My body is already burnt working 50 hours a week. I need a side hustle that won't break the rest of me.
You have to develop a road map/ game plan on how to get to where you want to be. It will be tough but think about the end result, it will taste good.
This makes a ton of sense, paaji. Thanks for sharing 🙏. I have been doing some of the things you talked about, but without any support for my way of thinking.
To afford something does not mean that you have the funds for it at the moment. To afford means to be able to buy something, and still have a good bank balance after. If you're left with nothing, it means a person can't afford it at the moment.
Hey I got a 2002 Toyota Camry. But it’s all mine. No monthly payments.
This video was made for me... the discipline! Is the hardest thing to do..esp while everyone around you are spending like crazy...
You are so inspiring ..thanknyou!
Yooo!! I know of so many people who sit around all day, but complain about havin no money smh..I try to tell em 🤷🏽♂️
RE: When you get a raise, don't increase your lifestyle. Addendum: even a raise isn't always a raise. Take your "raise" then subtract the most recent annual inflation rate. The remainder is your actual raise. Spoiler: there isn't always a remainder; sometimes you'll lose money at your work-a-day job. This is why you ultimately want to work for yourself.
Taking control of your financial destiny starts with taking responsibility and cutting unnecessary spending. By investing in yourself and exploring new income streams, you pave the way for long-term financial security and independence. 💡
I love your videos bro and you're a great teacher too
Thanks!
Can I get some please $ for my bill? 😤
Decade of sacrifice. Well said.
Jaspreet very nice to have you in my dream team.
God bless you man
i am learning a lot from u
Oh lord im responsible for me help me grow! Not be poor! Retire early and live happy! 🙏 Amen
Very insightful video
Thanks
Great finanancial info ..to slowly surely building wealth ..if u just follow these principles,work smart not hard but most importanly you have the financial discipline is KEY.
Financial critical mass has been my goal for a very long time. When my investments make more money than me. To me that is wealth.
Delayed gratification
Great video ! I am trying to pay of my student debt now. I am also trying to get a drivers license as that will help me a lot into getting other jobs
Just VOO and chill foo
Hilarious, love it 💪🏼
Common sense with patients, God bless you Sir
Inspiring video Jaspreet! Can’t wait till the May 21st livestream!
Thank you so much. You will never know how much you have taught me.
What podcast do you recommend
Hahahaha! I actually do drive a '98 Corolla and have no debt, money in the bank and some investments.
I know when you think about it everything this guy says is so true ! This guy is really smart, I just wish I could have listen too him when I was young but hopefully it’s not too late ! I love his attitude and mindset !!! Positive !!!
Keep up the awesome content
The thing is don't go through all that just so you go out and buy some junk you will just regret.
You Sir are brilliant. True words
Any advise is great for me this is all new for me.
The more I watch your production, the more I respect it. Bravo…
Loved this video, really hammered home the mindset
No fancy tricks here. Just hard work, sacrifice, and good decisions; the only path to success.
what did you eat will be interesting to know , like what foods and cosmetics were used
I appreciate you men your giving me the game in more ways then one I just had a health scare my last job laid me off my car got towed and a family member is putting me out in 30 days I appreciate you alot is going on
Awesome video👏🏿👏🏿👏🏿👏🏿
Thank you, for this reminder to get back on my game, Jaspreet.
What about if you don't understand how to buy on the stock market and you want someone to do it for you? Where can I find someone to invest for me?
If you don't understand the stock market just stick with s&p 500 stocks until you get educated and have more money to slowly invest inti more volatile or high risk high reward investments. Usually just stick with things that have decent interest rates year round
Stop paying your bills you're making somebody else rich. Wise words lol
Thank you!
I have same believes. But currently society and psychologysts like to say the opposite
Correct!
Thank you
jaspeet great job
I'm going to miss the stock market master class, could you please replay it or run another one soon? Thanks.
I'm listening on this while at work, thanks for this video.
Thank you for this video
EXCELLENT video!!!!!
Ouch! Those were my toes you stepped on!
Very profound advice.
Good video, I agree
I have yet to watch any self-improvement video that makes CLOSE to as much sense as Minority Mindset.
Thanks for the great advice.
It’s easy for you because you know how to invest. Most people do not know how to do it or even where to begin!!!
Five things that you need to do to never be poor again.. save save save save save.
Ppl don't want to hear it.
This teacher I've been taking to is upset cause she doesn't make a living wage. Then change the job... When something stops making financial sense it's time for a change.
As I've told many of ppl. Don't get tricked into doing what you love, it's a scam. Do what pays well it'll give you the financial freedom to do what you love!!
Freedom
Awesome video ❤
Thank you!👍💐
I love you man. I’ve followed your channel for years and I agree with everything you say. However…. You do tend to forget to mention that your UA-cam channel alone brings you in anywhere from 100k-1 million a year. So that’s a huge asset as well. You’re bringing in money talking about how you bring in money. That’s a huge advantage that most viewers don’t have :/
Authors do the same thing. They sell millions of books talking about how to invest and safe money to buy assets. Then they use their income they make from selling their books to buy more assets. No one ever talks about this…
So true! It’s a compounding effect! Being in value and people will pay for your knowledge
So make a UA-cam channel or write a book. You have great examples to follow, what are you waiting for?!? He earns every bit of what he makes; and he deserves it! Especially since he is offering to help us for free along the way….
Great advice 👍
Number 1 - I am responsible for me and the family I make for myself. I’m not responsible for anyone else. They are their own responsibility… ** hard lesson right there..
How can I recuperate all money lost due to bad decisions, sickness, layoffs?
U can't recoup it all but live beneath your means now & save!
Wait....am I dumb or is the link for the stock mastery workshop missing? I'm assuming it's a sign up link but I don't see it on the description?
Great advice.
I'm 40, is it too late for me?
It's never too late!
No
I agree with everything except for vacation spending. If you don’t schedule a break, your body will take one for you. And it probably won’t be at a convenient time. Of course, you have to be out of debt first! Then allocate your income resources between investments, family, healthy food and travels. It is significant for your health to have a joy of life at all times!
Good advice ❤ ! Also get some ' I ' eye bonds from the treasury dept.!!
Powerful Imperative Content. Much APPRECIATED. FRUGILE
I'm in this situation where we have to cut back as well I mentioned it to my wife and all hell breaks loose
I’m sorry if I’m making 100k, I AM NOT walking in the street with holes in my shoes!! We MUST use common sense…
I didn't agree with that. You can at least get thrifted shoes. I can find a practical pair of shoes for 50 dollars or less.
You get the point though
You don't need too get you some decent shoes if your making 100k if your single majority of your money should go toward investments imo but also invest in yourself good shoes for fitness decent clothes and so on.. Nothing wrong with spending a few 100 dollars here and there if your not breaking the bank for it
I agree with sacrifice but you also have to retrain your thoughts to do what’s best for you as well. Sometimes living the way he spoke of could mess with someone’s mental health and cause discouragement. I don’t have it all figured out but I do believe in balance.
Lol. Skecthers are cheap and comfortable
Am tired of my situation,working so hard as a nanny and my spending my15hrs and wha t i get pay my bills. Please i need an advice on what i can do
I like this mindset. Very motivating. But what happens when you can’t cut back anymore and you work full-time and only have about $50 each month or saving for emergencies or fun or investment? PLEASE, HOW SHOULD I INVEST $50/MONTH????
List of assets? Plz don't send me a link to a course
Great video
I can't stop spending send help.
I love this, if I only met you 10 years ago, I'd be a millionaire by now
Stop spending so much 💰
i strongly agree 😉👍
I believe that it is essential to indulge in self-reward, as life is too short to focus solely on investments and defer enjoyment to old age. Such an approach lacks logical reasoning.
During my initial five years of residence in Canada, I occupied a modest room situated beneath a staircase, for which I paid a monthly rent of $380. Concurrently, I held multiple jobs, enabling me to accumulate significant savings.
Subsequently, I acquired a used Dodge automobile for the sum of $600. However, this vehicle nearly caused a major accident during the winter season.
Following this unfortunate experience with the Dodge car, I made the decision to purchase a brand-new house and a 2022 Toyota Highlander Platinum, which I find safe and comfortable while navigating my day-to-day activities.
It is essential to prioritize self-care while simultaneously making prudent investments.
What do you think about creating a video, or series of videos of books you like, maybe review of your favorite ones?
I have a question about real estate, did you take a 164 hour class to get a real estate license?? Or you just bought house with out it?
That makes sense
Well quite frankly if i have food on the table and a place to sleep i am fine never let tell you what happiness is
Yes, first rule is the most important rule, like the other words of saying "if you dont come from rich family you must make yourself rich".
TRUTH HAS SPOKEN BRO!!!!!
Facts. I added up all the cars I financed and paid interest on in my 20's and lets just say I could have bought a townhouse cash with that smh
Hmm
Gerage buy car 1200