Why The Rich GET RICHER In A Recession & The Poor Get POORER...

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  • Опубліковано 18 лис 2024

КОМЕНТАРІ • 118

  • @MinorityMindset
    @MinorityMindset  Рік тому +7

    Join Market Briefs, my FREE newsletter for investors, here: briefs.co/market/jaspreet
    WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
    There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through UA-cam comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

    • @JohnHandle-
      @JohnHandle- Рік тому +1

      Jaspreet, have you read any of the books surrounding Rich Dad Poor Dad / Robert Kiyosaki? If so, which ones do you consider to be the most valuable as an education investment?

    • @Victic005
      @Victic005 Рік тому

      Indeed. They are all over this channel.

  • @SteelWolf13
    @SteelWolf13 Рік тому +1

    10:55....Missed chance. It's not enough to keep up with Guac prices.

  • @warrenmac
    @warrenmac Рік тому +1

    Why don’t you address that wages haven’t increased proportionally and the reasons behind that?

  • @paulbrungardt9823
    @paulbrungardt9823 Рік тому +5

    Jaspreet: I admire your work ethic & persistence. These videos are very work effort intensive. You are constant and persistence in education . Congratulations.

  • @ynesmarticorena757
    @ynesmarticorena757 Рік тому +1

    Hi question i have 100 dollars how i can invest in where???? Pls i dont have idea

  • @lynettamurdoch5443
    @lynettamurdoch5443 Рік тому +2

    Finally! Someone who can actually explain the economy! I wish I had had you for my 7 a.m. economics class in college!

    • @barackthecomposer6642
      @barackthecomposer6642 Рік тому

      So many of these college classes are outdated,
      and do not reflect the down to earth,
      common sense realities a real life.

  • @successexplained
    @successexplained Рік тому +16

    Another great video Jaspreet. This video was full of value and I liked your quote about " the average person isn't working to own assets, the average person isn't working to be an investor, the average person is working towards a raise " and how their raise isn't enough to afford even the rising housing/rent prices. Thank you for all the valuable content you share with us, you inspired me to start a UA-cam channel to help other as well. Keep up with the great work :)

  • @jessicao.3970
    @jessicao.3970 Рік тому

    Thank you again. If you were an economics professor, I'd definitely take your class.

  • @AxisError
    @AxisError Рік тому +4

    This is soooo true... 😢😢😢Why no one explained this to me 20 yrs earlier... Thanks Jaspreet.

  • @sameng7003
    @sameng7003 Рік тому +1

    Jaspreet Veerji ..can I talk to you pls ? I need some assistance from you regarding investment or business ideas..

  • @richhands5269
    @richhands5269 Рік тому +11

    My three favorite channels: Minority Mindset, Stock Brotha, & ClearValue Tax. Make my week complete!

  • @Just_a_Katie
    @Just_a_Katie Рік тому +2

    I just love how you explain what’s happening to us people on the ground. Preach!

  • @frankharris6136
    @frankharris6136 Рік тому +1

    Amazing content sir!!!! Keep hustling!¡!!!!

  • @monteniacollier9618
    @monteniacollier9618 Рік тому +1

    "Your calling...Servant well done

  • @johnmaurer2035
    @johnmaurer2035 Рік тому +2

    Smart Guy, for sure.

  • @tedvancour8470
    @tedvancour8470 Рік тому +2

    Well said 👍👍👍👍

  • @jeremyhicks2449
    @jeremyhicks2449 Рік тому +1

    Budget
    Invest active income/ Spend passive income.
    Avoid debt.

  • @jeremyhicks2449
    @jeremyhicks2449 Рік тому +1

    Interest, insurance, taxes, inflation.

  • @Felix2011y
    @Felix2011y Рік тому

    Brilliant lecture Jaspreet👏

  • @jessicao.3970
    @jessicao.3970 Рік тому

    Thank you so much for your very informative financial education. Your reminders are so valuable.

    • @jessicao.3970
      @jessicao.3970 Рік тому

      Ah thank you! Will do this evening. (What time zone are you? PST, EST?)

  • @Bran08Eman
    @Bran08Eman Рік тому +1

    Financial education is key, however, just as I know exercise and nutritious low caloric foods maximize good health, too many are controlled by impulse. Fancy new car, latest gadgets and designer clothes are prized. Unless your traditions show you elsewise, most of us are in deep doodoo. Most social pressures will lead you astray.

  • @blackgrandpa7652
    @blackgrandpa7652 Рік тому

    Thanks for breaking it all down and i will keep husleing...🤑🤑🤑

  • @Victic005
    @Victic005 Рік тому

    It's a good point. We're waiting for the time to buy in.

  • @michaeldev757
    @michaeldev757 Рік тому +1

    Amazing content…. keep doing brother .. Thanks a lot for this billion dollars content.. Love from India ❤

  • @oliviaoxley
    @oliviaoxley Рік тому +11

    "the average person is working for a bigger salary, they're not working to own more assets"
    fire content as always!

  • @SlickNick4700
    @SlickNick4700 Рік тому +1

    I love your channel I feel more financially literate than ever

  • @lucylucy3645
    @lucylucy3645 Рік тому +1

    Thank you! I hope you continue your work. You have one loyal follower :)

  • @roberttaylor662
    @roberttaylor662 Рік тому +2

    With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.

  • @MrJuicy-rq3ls
    @MrJuicy-rq3ls Рік тому

    Bhaji you’re amazing 👌🏼

  • @forte7991
    @forte7991 Рік тому

    Ok doctor what too you recommend

  • @diamondhands645
    @diamondhands645 Рік тому +11

    I am thankful for the content you put out. It keeps me focused. Some time in the not so distant future when I reach my financial goal I will reflect back to channels like yours and know I did it because of people like you.

  • @billcresta
    @billcresta Рік тому +47

    Keep debt to a minimum. Cut expenses. Develop healthy habits like consistently saving money at regular intervals for investments to help you build wealth. If you work on this, your financial potential will grow exponentially. There are numerous opportunities to make money on the financial market. With the assistance of my advisor Susan Kay Mack, I was able to earn my first million dollars through passive investment in a variety of assets.

    • @taylorgreen5908
      @taylorgreen5908 Рік тому

      I did read about Susan Kay Mack on the web., quite a great resume she has

    • @donaldlocher2537
      @donaldlocher2537 Рік тому

      i'm happy there are lots of people doing so well...Love this channel for the transparency

    • @jerryscotfield6913
      @jerryscotfield6913 Рік тому

      Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

  • @Dylanwindellor766
    @Dylanwindellor766 Рік тому

    I am luckily to know Jaspreet and read a rich dad & poor dad before investing that I believe if we have financial education over 70% that will reduce a risky of investment a lot but if investing without knowledge or not understanding the assets or equity enough that we have a chance to get worse or lose money.

  • @Bobhenry-c7z
    @Bobhenry-c7z Рік тому +90

    Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

    • @VanPelt54u7fcyde57
      @VanPelt54u7fcyde57 Рік тому +3

      That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you need an aggressive return.

    • @roberttaylor662
      @roberttaylor662 Рік тому +4

      @@VanPelt54u7fcyde57 Recessions are where millionaires are created. After my port_folio took a big hit in April, I was forced to employ the services of an Invest-ment-analyst who has not only accrued a profit of $250k for me since then but has also taught me how.

    • @edwardmwangi3362
      @edwardmwangi3362 Рік тому +2

      Talk to me

    • @lauraclover1547
      @lauraclover1547 Рік тому +2

      @@roberttaylor662 Please can you leave the info of your invstment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol

    • @roberttaylor662
      @roberttaylor662 Рік тому +3

      @@lauraclover1547 My adviser is “DEANNA LYNN RENFRO” You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.

  • @isackhernandez3691
    @isackhernandez3691 Рік тому

    How does somone paying their taxes help a poor person directly.

  • @MsLinaPeanut
    @MsLinaPeanut Рік тому

    You are one of my favorite educational youtuber. Just want to thank you again for your content :)

  • @Lillith.
    @Lillith. Рік тому +1

    I'm pretty sure this is the basics of economics, so shouldn't everyone already have this knowledge or did I learn really weird stuff in school?

  • @aaronricks6490
    @aaronricks6490 Рік тому +1

    My friend, I have learned more from you about finances than anyone else in my entire life. By the way, I'm 51 years old .

  • @SehajSingh94
    @SehajSingh94 Рік тому +1

    Understanding the system is fine but this video sums up why it's completely unsustainable. People should rebel against such a system.

    • @Lillith.
      @Lillith. Рік тому

      Most people who know use it, so benefit and don't want it to change. The people who don't know can't do a thing.

    • @barackthecomposer6642
      @barackthecomposer6642 Рік тому

      @@Lillith.
      Agreed.
      I choose to know
      how the system operates, then use that knowledge to benefit my wealth.

  • @Jonnyblazehere
    @Jonnyblazehere Рік тому

    Except nothing is on sale

  • @FearlessCaper1
    @FearlessCaper1 Рік тому +1

    Define rich please

  • @markhall302
    @markhall302 Рік тому +1

    Would be nice if they taught financial education in public schooling in a capitalistic country. Oh thats right, they only teach you how to make money by you labor, not your capital. Its like a hospital, they can’t cure everyone thats bad for business.

    • @barackthecomposer6642
      @barackthecomposer6642 Рік тому

      Most hospitals don’t cure anybody.
      They merely TREAT The symptoms,
      not eliminate the ROOT causes.

  • @Cpripri85
    @Cpripri85 Рік тому

    SHOT IN THE DARK: I'm a Telecom Tower technician. We install and mount 5g and 6g devices.......any QUALIFIED readers out there to advise me into investing as a newbie in our tech?

  • @cisium1184
    @cisium1184 Рік тому

    I've been hearing that "the middle class is being wiped out" for at least 40 years, but it never seems to happen.

    • @barackthecomposer6642
      @barackthecomposer6642 Рік тому +1

      It is happening so slowly, and gradually,
      little by little
      that it is hard for the average person to notice that.
      It is happening just like the proverbial frog slowly boiling to death in a pot of hot water.

  • @Dabeachguy
    @Dabeachguy Рік тому +2

    No one becomes wealthy working a 9-5.

    • @barackthecomposer6642
      @barackthecomposer6642 Рік тому +2

      Correct.
      We have to use some of the money from that
      9 to 5 job to buy appreciating assets.
      Appreciating assets
      for pennies on the dollar during economic downturns/recessions.

    • @Dabeachguy
      @Dabeachguy Рік тому +1

      @@barackthecomposer6642 💯 Facts

  • @Gwillis7
    @Gwillis7 Рік тому +7

    BELOW!!

  • @luisadrian408
    @luisadrian408 Рік тому

    What if I get a raise while still buying essential needs and not over spending? E.G. instead of financing a $25k car why not buy a $5k CASH?

  • @automotivetv9861
    @automotivetv9861 Рік тому +1

    I'm not poor

  • @dieselzoo
    @dieselzoo Рік тому

    Gold silver invest the u.s dollar will be nothing soon.

  • @H.O.T.Merchandise
    @H.O.T.Merchandise Рік тому

    So In Other Words Jaspreet...The Rich Keeps Helping The Rich.

  • @bwilks3056
    @bwilks3056 Рік тому +2

    Phenomenal video. Probably my favorite of the ones I’ve seen. Currently registering a business, and have high hopes. Finally taking the first step after so many years of distractions.
    Thanks, Jaspreet 🙏

  • @jercasgav
    @jercasgav Рік тому

    If you are middle class you don't need two incomes to survive. The second income gets taxed extremely heavily, then you pay for childcare, extra driving, extra work clothes/meals out, etc etc. When you add it all up, the full time second income doesn't pay, particularly if you have kids at home even more so. Better to not have as fancy of a house or car, and have one full time income, then have one person stay at home or just work a bit on the side part time. My husband and I have done this for 12yrs since our son was born, and we are both nurses and are doing just fine. I stay at home and do side gigs here and there, but I mostly home school and hold down the fort. We have more family time and marriage time too. Much less stress than when we both worked full time pre-kids. We have saved even more by going down to one car recently as well, and we rent a car or get rides if we ever need two cars.
    My husband works three 12hr shifts a week in the ER as charge nurse on night shift and we make do quite well. I take our extra money and budget wisely and invest. We could have two cars if we wanted, we just weren't needing that second car enough, esp because my husband works just three days a week and works nights. We have owned our homes for 16yrs now and have lived in single family houses varying from 832-2900sqft. Our current home is 1500sqft as we found the big 2900sqft house way too much space to be worth it. BTW we also paid off $120k in combined student loans and did so in about 6yrs. Being frugal goes a long way, then your investments begin to make money for you. We would also be doing even better financially if I did not have an expensive, chronic, genetic medical condition that I was diagnosed with 11yrs ago. Despite having spent at least $65k on this condition out of pocket even with insurance we have still made it through. We always buy our cars outright and refuse to have car payments.
    Not spending money having debts like car loans and extra big houses adds up exponentially over the years. You just have to decide what your priority is. If the priority is your family, then time with them is worth an incredible amount of money and has to be considered in place of having a bunch of fancy things immediately.

  • @mrg9401
    @mrg9401 Рік тому +4

    Good day to all!!! KEEP HUSTLIN!!!!

  • @MakeyMakes
    @MakeyMakes Рік тому

    Oh gawd there was a 2008 pandemic 😵

  • @samkawer
    @samkawer Рік тому

    Would raising the minimum wage boost the economy

  • @heaven4Now26
    @heaven4Now26 Рік тому +1

    I feel rich when I'm poor. 😆

  • @bobbiechristopher6772
    @bobbiechristopher6772 Рік тому +20

    I think we're going to be completely Unglued when we find out what Biden's been up to! My life has changed thank you Jesus. $17,350 profit, our lord God have lifted up my Life!! I appreciate Ms Victoria Slora.

    • @rosiepatrick2775
      @rosiepatrick2775 Рік тому +1

      I introduced my friend to Ms Slora few weeks ago, and she have made over 20,000 already and I also received a referral bonus. God bless Alma🙏🙌

    • @carmelitagonzalez5014
      @carmelitagonzalez5014 Рік тому +1

      I’m new to this. Got some grands lying in my bank without increase. HOW DO I REACH HER?

    • @camiemashack8562
      @camiemashack8562 Рік тому +1

      Want to start something for my children. PLEASE HOW DO I REACH HER??

    • @bobbiechristopher6772
      @bobbiechristopher6772 Рік тому +5

      *Reach her with the below name on Telegrams!.*

    • @bobbiechristopher6772
      @bobbiechristopher6772 Рік тому +6

      *Victoria Slora.*

  • @ionut7108
    @ionut7108 Рік тому +2

    Jaspeeet is telling us we're poor while he makes money of people watching his videos and 'teaching' them to be financial educated.

    • @tonydesley2587
      @tonydesley2587 Рік тому +6

      Well if all you do is watch the videos and don't put anything into practice then yes, you will be poor.

    • @ionut7108
      @ionut7108 Рік тому

      @@tonydesley2587 you will never make money this way. The only one making money is Jaspreet by selling us this meaningless content.

    • @razojacqueline
      @razojacqueline Рік тому +2

      @@ionut7108I don’t think it’s meaningless. Watching his videos has taught me a few things that I have applied. I wouldn’t call myself rich but I was born into the bottom 10% and now I am in the top 10% of wealth in America. I think this is due to staying focused on investing and watching UA-cam videos and books about keeping good financial principles.

  • @robymaru03
    @robymaru03 Рік тому

    That reminds me that everyone in Zimbabwe became a trillionaire after ther big economic melt down.

  • @lorenzoscirocco5727
    @lorenzoscirocco5727 Рік тому +2

    Cousin Bunty here.. Great work..

  • @womblestacker7993
    @womblestacker7993 Рік тому

    Poor biy crypto like me hoping to get rich lol never going happen

  • @0DeathAngels0
    @0DeathAngels0 Рік тому +7

    Because I dont have a youtube channel where I give very generic advice to millions of people. I wouldnt be surprised if youve made more from giving financial advice than following your own.

    • @duanehall2213
      @duanehall2213 Рік тому +1

      Yu. Sound. Like. A. JEALOUS. NAYSAYER. Death Angel ! ....well. Your. NAME. Says. It. All !

  • @michaelferoce
    @michaelferoce Рік тому

    Zzzzzzzzz

  • @nickgeorgiou4350
    @nickgeorgiou4350 Рік тому

    Why your poor? Simple...one word...trudeau 🤣

  • @glecservices3114
    @glecservices3114 Рік тому +1

    Minority mindset I need your help i was say I’m from the lower working class I’m based in the UK I can only afford to invest £50 - £70 per month
    Where should I be putting this money? I don’t want to save it I need to invest please help urgently

  • @questionsanswers1108
    @questionsanswers1108 Рік тому +8

    The Bible says, “So don't worry about tomorrow, because tomorrow will have its own worries. Each day has enough trouble of its own” (Matthew 6:34 NCV). If you're worrying about tomorrow, you can't enjoy today. You miss today's blessings.
    Jesus is coming back!

    • @myrat.9807
      @myrat.9807 Рік тому +2

      Thank you for the beautiful scripture about no worries about tomorrow. Please also look up this scripture about investing: Luke 19:13-48. Have a blessed day.

  • @Vijaypall_96
    @Vijaypall_96 Рік тому +1

    Everything is rigged Jaspreet. If you're at the top you've already won. If you grew up poor I have no clue how a person like me can "make it" . The only idea that I have is making videos or self employment.

    • @duanehall2213
      @duanehall2213 Рік тому +1

      That. Man. Fought. LEGALLY. to. Get. To. The. Top !.....& DONT. U. FORGET. IT. !

  • @idrisahmed8308
    @idrisahmed8308 Рік тому +1

    First viewer 😎

  • @tishajennings6254
    @tishajennings6254 Рік тому

    I'm poor leave us poor people alone already

  • @shaunaboo961
    @shaunaboo961 Рік тому +1

    First

  • @Zangetzu33
    @Zangetzu33 Рік тому

    There is nothing new under the sun, and another will bite the dust !

  • @-cMc-
    @-cMc- Рік тому

    Regular ppl should be alarmed and should stop buying 😤 bc we are barely able to buy anything on our one income. We need to learn the rules and don't spend your stimulus always save it. And support your local markets.

  • @essentialjudge2279
    @essentialjudge2279 Рік тому

    I can't wait till it gets more desperate. I like the killings the violence. I wonder how long it will take our society to realize it's 100% the economic system.

    • @duanehall2213
      @duanehall2213 Рік тому +1

      Wait. A. Minute... u. LIKE. the. Kings. & VIOLENCE. ??........R. U. a. Masochist. ? ....a. Terrorist. ?...Or........
      ?

  • @choochoosole1454
    @choochoosole1454 Рік тому

    People becoming poor in the last two years isn’t due to a “pandemic” it’s due to authoritarian states making people stay home and small businesses close. Had those states not done that a lot of small businesses would still be around.

    • @duanehall2213
      @duanehall2213 Рік тому +1

      WRONG !......the. more. People. ( Sick. People. Wit. Covid) that. Stayed. Home. Kept. The. Deadly. Virus. Down... So. More. People. LIVED !.....SO. those. Authoritarians. As. U. Say. Actually. Helped. SAVE. a. LOT. Of. The. Population!