Avoid These 10 Financial TRAPS (Don't Take Advice From BROKE PEOPLE)

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  • Опубліковано 13 жов 2024

КОМЕНТАРІ • 325

  • @MinorityMindset
    @MinorityMindset  Рік тому +31

    Get my FREE Guide To Generating Passive Income: app.marketinsiders.com/passive-income-guide
    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!

    • @dantehedge8414
      @dantehedge8414 Рік тому

      There are bots advertising a coin in your comments.

    • @ninakpham
      @ninakpham Рік тому

      Where to buy physical gold?

    • @GRINDETHIKSMIXTAPESHOW
      @GRINDETHIKSMIXTAPESHOW Рік тому

      Broke ppl are going to just tell u to save a bunch of liability paper lol

    • @myronhelton4441
      @myronhelton4441 Рік тому +1

      Gas prices spiking down to avoid bank closures, but vacations will spike gas prices for busy motels, but motels & credit cards will do layoffs in October for a depression. Desperate banks crashing ,purposely crashing the markets for a soft landing will backfire, because they are telegraphing to depositors to do bankruns on safe banks to make the depositors money safe, but the bankruns on safe banks will make only the banks & monopolies to go broke, due to them gambling all their money in stock buybacks. There cant be bailouts with the country broke already, so the depositors money will be safe. The kicking the can down the riad, but the depression is inevitable.

    • @calisingh7978
      @calisingh7978 Рік тому

      Truck is many that are not broke will give you advice but it’s still bad because they have family that has built them not themselves.

  • @darnellcapriccioso
    @darnellcapriccioso Рік тому +1479

    I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

    • @ericmccormick82
      @ericmccormick82 Рік тому +4

      Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

    • @tatianastarcic
      @tatianastarcic Рік тому +3

      I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

    • @darnellcapriccioso
      @darnellcapriccioso Рік тому +2

      @@tatianastarcic I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @tatianastarcic
      @tatianastarcic Рік тому +2

      I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with ''Margaret Johnson Arndt” for about 7 years now, and she's really good. If she meets your discretion, then you could go ahead with her.

    • @jeromesand
      @jeromesand Рік тому +1

      @@tatianastarcic Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.

  • @johnben9
    @johnben9 Рік тому +1104

    I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.

    • @DaleHorne8
      @DaleHorne8 Рік тому +2

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

    • @carolpaige2
      @carolpaige2 Рік тому +2

      @@frankbarnes22 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

    • @carolpaige2
      @carolpaige2 Рік тому +2

      @@frankbarnes22 oh! i never take this advises online seriously, but i checked Dawn Maureen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response

    • @emiliabucks33
      @emiliabucks33 Рік тому

      @@frankbarnes22 Thank you for this tip , I must say, Dawn Maureen Humphrey appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

  • @2859abhi
    @2859abhi Рік тому +4

    This is a real Sikh... Protecting people from going broke... Good work Sardar Ji

  • @rasoulhosseini24
    @rasoulhosseini24 Рік тому +6

    Man, it was amazing! I subscribed you 2 weeks ago and now I follow every tiny detail you're discussing. I'm amazed at how true you are and how powerful your speeches are. Keep going on, Thank you so much for all the time and effort you spent.

  • @SaniyeCelik-vk8yo
    @SaniyeCelik-vk8yo Рік тому +557

    Fb44TC is my safety asset along with tether so i'm really glad to hear all this!! thank you very much

    • @ZezeDouglas
      @ZezeDouglas Рік тому

      Could you kindly explain what type of assets these are?

    • @architjain30
      @architjain30 Рік тому

      @@ZezeDouglascompletely fraud assets, especially tether

    • @monkeybean8690
      @monkeybean8690 Рік тому +1

      I can explain, SPAM!

  • @ChefCarter
    @ChefCarter Рік тому +10

    I listen to everyone's story. You can still learn from someone who has failed. I have a story about a failed businessman. I was speaking to him about the steps to take to open a business. He was down on himself and said he can't give advice because he failed. I explained that most people don't know how to start a business. People talk about it all the time, but don't actually do it. Then I explained that although he may have failed, he also gained experience and he can learn from his mistakes and tell people how to avoid those mistakes. Next thing I know, he starts another business that is very profitable.

  • @EmirÖzey
    @EmirÖzey Рік тому +527

    Boys is it best to invest in Fb44TC monthly or weekly? I'm thinking the fees will be higher if done weekly.

  • @discoverpakistan8565
    @discoverpakistan8565 Рік тому

    After watching thousands of wealth making coaches, I undoubtedly choose u as my virtual mentor. You're doing a great favour to this world. Keep up the good work.

  • @cryptocsguy9282
    @cryptocsguy9282 Рік тому +6

    On point number one , I don't think anyone needs a financial adviser (at least not one that you need to pay for) because in the investing community there's so many people online including (Jaspreet) who are giving financial advice but who will claim not to be financial advisers because they don't wanna get sued but sometimes the FREE advice you can get is actually pretty good

  • @PrincessPeachyTort
    @PrincessPeachyTort Рік тому +4

    I appreciate your effort in putting this video togeter, good sir 😊 Thank you.

  • @4x4RescueThunderBay
    @4x4RescueThunderBay Рік тому +3

    "Some financial advisers are not so good"..
    24 years later I just recovered from my first financial adviser.
    Never again will I make a "bank appointment".
    Love this channel, been watching and learning for a while now. I really appreciate the effort and enjoy the show 👍

  • @asligok1946
    @asligok1946 Рік тому +184

    Amazon released Fb44TC the first market change this year simply cus of that release 👍

  • @sifu64
    @sifu64 Рік тому +1

    I always find it interesting- when I actually see broadcast/commercial TV, there's a junk food or restaurant chain commercial followed up by some pharmaceutical commercial for some level of diabetes or mental health. A new pill for the other pill - creating new consumer markets!

  • @sam_1570
    @sam_1570 Рік тому +2

    Great advice! It reminds me a lot of dieting and the losing weight goal. A few will succeed and most will fail. Human nature I guess.

  • @Dave-zl2ky
    @Dave-zl2ky Рік тому +7

    Investing emotionally is a big one. Always surprised by how many of us think the stock is their friend and will just go up.

  • @TheLegend-uq1gz
    @TheLegend-uq1gz 6 місяців тому

    I love this teaching. This is worth a lot of money.

  • @lenderzconstable
    @lenderzconstable Рік тому +2

    Planning for an emergency is SO important. I recommend it too.

  • @marcusm8009
    @marcusm8009 Рік тому +5

    I killed peer pressure a long time ago. No friends, no pressure 😅

  • @carlosgarcia8770
    @carlosgarcia8770 6 місяців тому

    "Below". Love your honesty.

  • @bradtke1993
    @bradtke1993 Рік тому +1

    How refreshing, a video without a market brief ad

  • @waibosibili8546
    @waibosibili8546 Рік тому +2

    Much appreciated content ❤

  • @rocke4804
    @rocke4804 Рік тому +1

    Bro u solved my biggest fear - never listen to them who never tried ❤❤❤ love it

  • @SpynCycle57
    @SpynCycle57 3 місяці тому

    Track every cent you spend.
    Budget (Plan the spending of every cent before you get paid).
    Spend less than you make.
    Delayed gratification.

  • @harleycartley3138
    @harleycartley3138 Рік тому +48

    Avoid debt. Cut costs. Building wealth is in your mindset, work on that and your financial potentials becomes exponential, develop 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 passive investing in diverse assets with the help of my adviser Susan Kay Mack..it's been a year of steady growth..

    • @chrisanthony3560
      @chrisanthony3560 Рік тому

      I totally agree with you..having diverse investments is a great way

    • @donaldlocher2537
      @donaldlocher2537 Рік тому

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

    • @clairefrewman1456
      @clairefrewman1456 Рік тому

      Most people shy away from discussing financial management, which will come back to bite them in the future.

  • @solharvester2341
    @solharvester2341 Рік тому +2

    Basically they only way I can save money is be single and not travel for any holiday, or buy gifts for anyone. It's just not feasible.

  • @AlexWoahWTF
    @AlexWoahWTF Рік тому

    The last one is what hits me. Keep the momentum up dudes

  • @davidx8152
    @davidx8152 Рік тому

    Great podcast Minority Mindset - Is there a way you could increase your volume at time of recording. The volume level is very low and it makes it difficult to hear.

  • @healzen2055
    @healzen2055 Рік тому +1

    Hey My Man!
    You have a video on investing in stocks while living on low income?

  • @richhands5269
    @richhands5269 Рік тому +17

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

  • @KenyaMitchell
    @KenyaMitchell Рік тому

    I love this message but I disagree with the 0% apr assertion. I bought my car on a 0% apr loan from Mazda when I was pregnant and desperately needed a safe car. I got the cheapest car on the lot, haggled down the price, and saved so much money I paid the car off a year early. It's about not spending more once you get the deal.

  • @Richardson238
    @Richardson238 Рік тому +33

    I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.

    • @lea5898
      @lea5898 Рік тому

      The fluctuations of the market only affect those that odd coins, but traders makes money on both sides, when it's bearish they go short when it's bullish they go long... The best strategy to use in trading crypto is to trade with a professional, like Fergus waylen he understand the market quite well, that way maximum profits are guaranteed.

    • @adamdouglas9888
      @adamdouglas9888 Рік тому

      Beginners shouldn't settle for videos alone, After watching so many UA-cam tutorial videos about trading I was still making losses not until I met Fergus . he is now currently managing my account and i just made my 4th withdrawal yesterday

    • @georgebasonathan4784
      @georgebasonathan4784 Рік тому

      You just shared a vital information that will help lots of people who desires to make profits from trading. Really, I think I will start with 3k USD when I get home...

    • @wilsonrichard440
      @wilsonrichard440 Рік тому

      I think he must be very good with crypto because he has been recommended by many UA-camrs to learn how to trade with him.

    • @Georgina705
      @Georgina705 Рік тому

      Really y'all know him? I even thought I'm the only one he has helped walk through the fears and falls of crypto trading

  • @ekhalekhadavid
    @ekhalekhadavid Рік тому +4

    thank you, I felt like this video was made for me I will listen to it every morning to reenforced everything
    this is motivational for me

  • @MrApourv
    @MrApourv Рік тому

    You have got real fresh perspective.

  • @rodiculous9464
    @rodiculous9464 Рік тому +3

    Some platforms like robinhood specifically tap into emotional investing by having all these gamified UI features. And then they sell your order flow to the big institutional investors so they can make money off you. So make sure you understand the difference between empowering yourself and becoming a customer for someone selling you dreams of empowerment. Max kaiser's "casino gulag" really rings true here

    • @SabrinaDacosta
      @SabrinaDacosta Рік тому +1

      Robinhood is a great app for beginners investors. Buy low sell high re-invest and compound that. Who cares how Robinhood makes money as long as I’m making money by compounding weekly and learning as I go. That’s a win/win for me

  • @chelliebean5773
    @chelliebean5773 8 місяців тому

    When I received my stimulus check I was determined not to spend them, I just treated my self to small portion of the first one. Thankfully i was able to keep them in a high yield savings account, and work monthly to add to it.

  • @cobrafinancialsolutions1039
    @cobrafinancialsolutions1039 Рік тому +1

    Great video!

  • @henryamoatey3196
    @henryamoatey3196 Рік тому +1

    Wow!! I love this. Thank you coach

  • @joeynyc1000
    @joeynyc1000 Рік тому

    I invested $1,100 every week on fidelity 500 index fun my gold is 6 years or more im afraid to take a risk investing in a aggressive stock

  • @getinthespace7715
    @getinthespace7715 Рік тому +7

    So far selling my reit investments and shifting my retirement to a money market the beginning of February has been the smart moves. I avoided over 30% losses in the reits and instead of posting losses over the last few months I'm getting almost 5% returns on my retirement and am safe for if/when the market tanks.
    If the market sells off I can buy back in and make some good returns.

  • @2alawabidingcitzen
    @2alawabidingcitzen Рік тому +5

    Man I've been preaching this for months to different people no one listen like my baby mother been telling her then she take a vacation to Las Vegas last month now this month she asking me for money to help pay her rent. 🤦🏾🤷🏽‍♂️ when I haven't been doing nothing for 6 months buts saving.

    • @SabrinaDacosta
      @SabrinaDacosta Рік тому

      Saving? As long as you are paying for your own kid. Who is paying for your kid? The government? Taxpayers? Baby Momma? Easy to save if you dodge responsibility

    • @2alawabidingcitzen
      @2alawabidingcitzen Рік тому +1

      @Sabrina Dacosta my son never leaves my side which is why I started a business and use him as the logo. Thanks.

  • @tomdrummy4984
    @tomdrummy4984 Рік тому +4

    I hope people realize that credit card interest rates are variable…………and are currently over 20%. Crazy stuff

  • @danielmartin6865
    @danielmartin6865 Рік тому

    Good afternoon,I have a question. How is the best way to know if my financial advisor is a good one?

  • @amarindersandhu4664
    @amarindersandhu4664 Рік тому

    Great Video 👍👍

  • @UCzDwella201
    @UCzDwella201 Рік тому

    I really appreciate your use of language. Im a first generation immigrant. I notified you speak as a collective. “Our US, our economy, we’re in a recession and so on”. You sir are more of a civil servant than most people born here! I’m listening to you and I Thank you!

  • @princessunknown3158
    @princessunknown3158 Рік тому

    Very true.....very true.... that's family starts from. You will miss opportunity believe me.

  • @LordGreavous
    @LordGreavous Рік тому +1

    i like to have enough to be comfortable and then invest the rest, if my wage goes down ill lower what i spend on myself inline with lowering investment, if it goes up ill only slightly increase my comfort, well because im already comfortable and bump the rest all into investments.

  • @THEREALESTATEHUSTLER
    @THEREALESTATEHUSTLER Рік тому +2

    Thank you sir ❤🙏🏿🙏🏿🙏🏿💯

  • @ActiveRehabMobility
    @ActiveRehabMobility Рік тому

    Love jaspreet. But notice a lot of guests talking about “meme” stocks in a negative tonne. Can someone maybe for once talk about illegal shorting and all of the shady business practises of citadel which can potentially make “meme” stocks quite lucrative.

  • @independenceandstability9935

    Thank you for this truth Sir. God bless you 👍

  • @jeremymeyer5552
    @jeremymeyer5552 Рік тому +3

    Allot of times broke people can tell you exactly why they are broke and rich people can tell you what worked for them.

  • @subpump2823
    @subpump2823 11 місяців тому

    What kind of classes would I be looking for?

  • @TerryProthero
    @TerryProthero Рік тому +1

    I'm not wealthy, but I do have a good amount of money in savings. And that alone has helped me quite a bit. I have little trouble paying my bills and always have money for emergencies. So, you can listen to other people, but you need to consider what they are doing well and what they are not doing so well. And you can learn from both. Do the things they are doing right, and avoid the things they are doing badly. In my case, I know how to manage the money I have, but I know very little about making money. In terms of spending money, my philosophy is to spend a little money on luxuries but to not go too crazy with it. So, you are always living within your means.

  • @boowest1258
    @boowest1258 Рік тому +2

    I’m broke! I don’t give advice unless I hear good; reliable information about money on how to grow money from knowledgeable people like you and others who have studied the workings on how to be financial literate and financially free. Thank you for your advice because I didn’t know nothing about money but how to spend it💯Looking at your podcast is knowledgeable along with others! I give the advice you and other financially free people to others but they won’t research nor understand how to make money work for them! If your information is wrong then I guess I’m a-s out of luck anyway thank you because I know your information is informative and right💯

  • @maryfrancisco8240
    @maryfrancisco8240 Рік тому

    Thank you for the information. Iwant to buy gold,but dont know specific place to buy it

  • @ellerellerek52
    @ellerellerek52 Рік тому +1

    How about making video about CBDC and way to protect from it

  • @nubiavm1747
    @nubiavm1747 Рік тому +1

    Listening to you is very motivating 🙂

  • @2alawabidingcitzen
    @2alawabidingcitzen Рік тому

    Lil wayne been said don't you ever get to comfortable.

  • @candycoatedreams
    @candycoatedreams Рік тому +4

    What's with all these spammy comments 😂😂
    As for financial education (or education in general), youtube university is an excellent place to start when you dont have a specific goal or the drive to reach the goal.

  • @lilredexptsc
    @lilredexptsc Рік тому

    We went to seek out an advisor a few weeks ago and the guy did not give off good vibes at all. The weirdest thing about him was I asked about his watch he had on, I could tell it was a Rolex. He shoved it back under his sleeve and was like oh idk what kind of watch it was. Everything he said after that my mind was already out of the conversation. Next!

  • @stevenporter863
    @stevenporter863 Рік тому

    Society wants you to spend: house rich or house poor is basically giving the government a larger pool for property tax, paying the bank interest for decades, higher insurance, paying for repairs, etc. while the 'owner' paid two or three times the house value (mortgage interest) and doesn't have anything left to buy groceries or whatever because none of it is liquid. Like a luxury car owner who has no money for gas.

  • @chrispowers627
    @chrispowers627 Рік тому

    Is Sweetgreens one of your start ups? If so nice plug.

  • @kfk256
    @kfk256 Рік тому

    Lol! I see you're giving Chipotle a break. "Sweetgreen". 🤣🤣🤣🤣

  • @bringerofthedawn5544
    @bringerofthedawn5544 Рік тому +3

    Great advice!

  • @haruko1297
    @haruko1297 10 місяців тому

    since I really discovered you, my life completely changed

  • @livingthedream8404
    @livingthedream8404 Рік тому

    Jaspreet!!! 💪🏽 🧠

  • @truefinancey
    @truefinancey Рік тому

    Thanks for the information I want to ask you that I want to invest in S&p 500 for long term is it a good way to get started

  • @jmicheal825
    @jmicheal825 Рік тому

    And you will pause your life because you are investing I don’t agree to that , investment takes 5 6 10 years to perform well.

  • @mikeazriel5116
    @mikeazriel5116 Рік тому

    Trying to help broke ppl is draining and leaves you stuck in place. My own Mom signed away a 400000$ home bc some lawyer said he would help her with bk taxes even after i said don't do anything ill handle it so now he's got a new home for 47 grand i cant fix stupidity. Smh 🤦‍♂️

  • @truefinancey
    @truefinancey Рік тому

    So if a person is making 3000$ from which we paid all the monthly expenses household,food and etc a even invested 400$ from it and still remain with 400$ should we save it or what to do with it?

  • @PCREPAIRZ1
    @PCREPAIRZ1 Рік тому

    The best way to save money is to..... take good care of the things you have...

  • @GeorgeMendoza-i4c
    @GeorgeMendoza-i4c Рік тому +1

    Thanks for taking your time to give me heads up on everything in life..

  • @KidCity1985
    @KidCity1985 Рік тому +2

    The wise , rich uncle.

  • @yakupgumustas1452
    @yakupgumustas1452 Рік тому +197

    We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some Fb44TC Thanks for keeping us informed during this times of doubt?

  • @ellerellerek52
    @ellerellerek52 Рік тому

    Gold is not speculative investment, worst it can happen it will just grow with inflation

  • @NITISHBHATT008
    @NITISHBHATT008 Рік тому

    Tusi chaa gaye paaji.........

  • @chenvictor8
    @chenvictor8 Рік тому

    What are your thoughts about land investing?

  • @SabrinaDacosta
    @SabrinaDacosta Рік тому +1

    I also don’t take advice from rich people who over leverage themselves and then lose all their properties and expensive toys when the house of cards come down. I also don’t take advice from financial advisors they don’t know Jack. I only trust myself as I can’t really afford to have my whole portfolio go down 80% and then wait 30 years for it to barely break even. What a joke!

    • @chasemytaillights
      @chasemytaillights Рік тому

      Don’t over leverage yourself, if you over leverage yourself you aren’t rich. If you don’t want to invest in assets, you’re welcome to but you won’t make it rich that way. And if you aren’t looking for investing tips to generate wealth, you clicked on the wrong video anyway.

  • @Nigriff
    @Nigriff Рік тому

    If your "financial adviser" works at a bank, they are there to sell products and make the bank rich, not you.

  • @JV-ir3zw
    @JV-ir3zw Рік тому

    PC WEST BANK is going down and more regional banks will continue to go down to give way for the implementation of the New Digital Currency CBDC just as it happened in the 1800-1900s to give way for the creation of the Federal Reserve cartel...

  • @BlackbodyEconomics
    @BlackbodyEconomics Рік тому +15

    Don't limit yourself to just 10 - avoid all of the financial traps.

  • @jamesbooth6092
    @jamesbooth6092 Рік тому +3

    They give you the phone so they can sell you a monthly cell phone service.
    I didn't think that was a hard concept to understand.

    • @guhbe385
      @guhbe385 Рік тому

      Most of the good deals are new customer only or have the most expensive plan type. The regular buy the phone at 0% a lot of people do end up doing is really just baked in. The prices at carriers are almost always full MSRP then 0% for 2-3 years. But if you shop around you can find the phones 5-25% off elsewhere if paid in full

  • @skaruts
    @skaruts Рік тому

    I wouldn't say you're wrong, but I think some things are a bit misguided here: _"stimulating the economy"_ should be understood as working, or investing in what benefits you, and not as just wasting money stupidly. If you ruin your financial stability, then you're not gonna be stimulating the economy, you're gonna be straining it, by hanging on someone else's finances. The economy works by us all contributing to produce what needs to be produced to satisfy our needs. The more we produce the wealthier we all are (wealth isn't measured in money).
    Also our economic systems (in the west) aren't really designed. It's mostly the result of people sorting themselves out. What is happening is government tampering and meddling with the economy, through subsidies, regulations, tariffs, bailouts and antitrust laws, among other things; resulting in less competition, monopolies, cronyism, higher taxes, and more.
    Although, I very much agree with you that things like stimulus checks are upside down. They do not at all stimulate the economy. The reason they exist is because the US government, like all governments, is full of charlatans that call themselves "economists". Stimulus checks will do the opposite. Taxes have to rise for the gov to have money to hand them out, so they can only strain the economy. And companies won't be making more money when everyone has less to spend. Only the few people that get those checks will temporarily spend more money, but that's about it. It's just a small spike in a revenue graph line that is lower than it otherwise would be.
    I presume that if Americans at large understand _"stimulating the economy"_ as meaning _"spending more money",_ then perhaps the -parasites,- I mean bureaucrats are to blame for deceitfully naming things after the opposite of what they're for, as they always do...
    But I think this should be set straight. People ought to be taught what actually stimulates the economy, to dispel the disinformation. It's very unfortunate that most people don't know the first thing about economics, and they're very susceptible to all the prominent keanesian and socialist BS.
    By the way, please note that the high rates of consumerism you observe in the US are most likely cultural (maybe influenced by these deceitful gov initiatives), and not a result of the underlying economic system. For example, you don't see anywhere else in the world people trampling each other to buy things on sale, despite that the economic systems are pretty similar in many countries.

  • @SeamusMcMichael
    @SeamusMcMichael Рік тому

    Great extensive long-form video 3:06

  • @TheLovely990
    @TheLovely990 Рік тому +1

    Great advice. I'm my own financial advisor. After watching a UA-cam video about a parking attendant making $12 per hour. He had more money than the financial advisors than the cars he was attending at the financial firm.❤

  • @hpvlog1918
    @hpvlog1918 Рік тому +7

    i am the first viewer of this video

  • @MasterYoda389
    @MasterYoda389 11 місяців тому

    I hate how people with money always put down others as if they are some kind of beacon of excellence and special characteristics.
    Bro, you just got lucky. There isn't infinite money, not everyone can be successful all at once, we MADE society this way! Minority mindset my ass.,

  • @Sachin-tx6qe
    @Sachin-tx6qe Рік тому

    Total assets are equal to networth plus liabilities Jaspreet ty for the financial education

    • @Sachin-tx6qe
      @Sachin-tx6qe Рік тому

      Make sure to look out for scams especially near the 5th.

  • @guccipappi278
    @guccipappi278 Рік тому

    No we are all literally wanting to do what you do.

  • @GerardTravels
    @GerardTravels Рік тому

    I got a question, how about trading, FOREX trading?, would you recommend it?

  • @muhammedalisevinc9454
    @muhammedalisevinc9454 Рік тому

    Hopefully Fb44TC will do good.. have alil over 10million Fb44TC coins

  • @D4x4Bronc
    @D4x4Bronc Рік тому

    Paying way too much for a home is a nice long financial trap

  • @mrjay3614
    @mrjay3614 Рік тому

    Instagram culture 😂... on point amigo

  • @ConcernedCitizen-fx7du
    @ConcernedCitizen-fx7du Рік тому +1

    Don’t take advice from someone who’s always trying to borrow money from you

  • @Hellofa6ird
    @Hellofa6ird Рік тому

    Just once I would like to hear tips on how to get from paycheck to paycheck without having an emergency fund, finally getting one...
    I guess a credit card could be that emergency fund as long as paycheck to paycheck could cover the APR...

    • @shnymnstr5856
      @shnymnstr5856 11 місяців тому

      Set 10% aside to savings first! Then pay your bills.

    • @Hellofa6ird
      @Hellofa6ird 11 місяців тому

      @@shnymnstr5856 love how you assume there's 10% after bills ...

  • @MTXSHO9732vV8SHO
    @MTXSHO9732vV8SHO Рік тому +28

    Trying to help BROKE PEOPLE get prepared to Invest is SUPER DIFFICULT 😂😂😂. They don't want to do it

    • @IRdatank
      @IRdatank Рік тому +6

      Broke people: "Wealth is impossible. Nobody can buy a house."
      Wealthy people: "Spend less than you earn. Invest the difference. Put your raises to work for you instead of paying the bank."
      Poor people: "Yeah man. That's cool. So what like $20/month?"
      Wealthy people: "Minimum $200/month for your retirement."
      Poor people: "Impossible!" *Mouth full of $8 sandwich bought five times a week*

    • @Kalivermore925
      @Kalivermore925 Рік тому

      @@IRdatank are you acting like eating a $8 sandwich 5x a week is a luxury lifestyle?? That’s called survival … i weigh 120 pounds am i supposed to eat less than 5x a week now?? You realize Subway used to be $5 now it’s $10 for the same sandwich … not everyone that is broke is because they eat too much avocado toast

    • @Kalivermore925
      @Kalivermore925 Рік тому +2

      @@IRdatank i make $32 an hour in the same town they are building 550 Sq ft studio apartments and are charging $3,100 a month to lease … do the math and tell me where my $200 a month is supposed to come from

    • @IRdatank
      @IRdatank Рік тому

      @@Kalivermore925 if you're making that much and investing $200/month is simply impossible, you need much more help than I can provide in a YT comment. I am willing to help you though, if you will let me.

    • @IRdatank
      @IRdatank Рік тому +1

      @@Kalivermore925 if one sandwich costs you $8, it is an entertainment purchase. For $8 at the grocery store, you can get supplies to make a dozen sandwiches. If you cannot afford to invest for a bare minimum retirement, an $8 sandwich should be a very rare purchase.

  • @malldemelanin
    @malldemelanin Рік тому

    Basic truths.

  • @ChristopherPisz
    @ChristopherPisz Рік тому

    Let's say I have an awesome idea for my own business. I put the majority of my money into my new business and leave a little buffer. I then get sick. I have no insurance, because the only way to get any insurance worth a poo is to work for a company with an awesome group plan. There is nothing on Obamacare that will save you from anything but a catastrophic event, without costing you twice your mortgage payments, in my opinion. So, what are people leaving the grind and starting businesses handling healthcare? Do you just have to be young and eat your vegetables, hoping for the best, until you make it far enough that paying the doctor the 10x rates they charge uninsured people isn't going to wipe you out?

  • @justbeingfrank6342
    @justbeingfrank6342 Рік тому

    Wait? What if the advice was not to do what they did that led to them being broke?

  • @Firestorm637
    @Firestorm637 Рік тому

    Is LITHIUM MINING a trap. GM/Ford becoming miners in Nevada as Nevada first state to lead USA lithium race. Tesla building lithium refinery Corpus Christi. Energy side of Tesla, battery storage, up 300% catching up to Tesla Motors side. Next gigafactory(Monterrey Mexico) just across border Austin/Corpus Christi with rail availability. Nevada headed towards battery recycling capital. Tesla 2 billion capital giga Nevada. Nevada a hotbed.