5 Steps To NEVER Be Poor Again
HTML-код
- Опубликовано: 28 сен 2024
- Register for my free Stock Market Mastery workshop: briefs.co/smmw...
Subscribe to Market Briefs for FREE and get my daily financial newsletter: briefs.co/mark...
My recommended tools*!
*Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on RUclips.
----------
➤ Invest In Stocks Passively
1) 📈 M1 Finance - Buy stocks & ETFs on autopilot:
theminoritymin...
----------
➤ Life Insurance
2) 🛡 Policygenius - Get a free life insurance quote:
theminoritymin...
----------
➤ Real Estate Investing Online
3) 🏠 Fundrise - Invest in real estate with as little as $10!
theminoritymin...
----------
➤ Buy Gold Passively
4) 👑 Vaulted - Buy physical gold on autopilot:
theminoritymin...
----------
➤ Business Accounting
5) 💸 CommonWealth - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: theminoritymin...
----------
Recommended:
Do THIS To Become A Stock Market Millionaire
• Do THIS To Become A St...
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...
Want More 🥑🥑?
Minority Mindset Clips: / minoritymindsetclips
Minority Mindset En Español: / minoritymindsetenespanol
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 RUclips 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...😂
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
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.
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.
Thanks!
Can I get some please $ for my bill? 😤
Oh lord im responsible for me help me grow! Not be poor! Retire early and live happy! 🙏 Amen
Thank you, for this reminder to get back on my game, Jaspreet.
Keep up the awesome content
Awesome video👏🏿👏🏿👏🏿👏🏿
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
The more I watch your production, the more I respect it. Bravo…
Ouch! Those were my toes you stepped on!
List of assets? Plz don't send me a link to a course
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
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????
TRUTH HAS SPOKEN BRO!!!!!
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 RUclips 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 RUclips 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….
Awesome video ❤
10years!!?????!?!? I need a five year plan
I am responsible for myself
Look poor, be rich. I want to be like that. And I know I will be. :)
wow
Alamak!.. Biar betul..
Always educated
I AM RESPONSIBLE FOR ME
I am responsible for me!
I’m on SSI and even though it’s a temporary disability I have they make it hard to save and invest. You can only have 2,000 in you account at any given time. I am trying to make the most of that by opening a HYSA and also there are debit cards that you can earn rewards I applied for. I do have cc debt from being homeless at one point and I am aggressively paying them down (almost done). Has anyone been in or have knowledge of what I can do to better myself for the time being?
The state of the economy may not be our fault...but, we're responsible for the solution of never being poor again.
Decade of sacrifice
Bro your channel's dead (just an observation)
That's sad. People just watch stupid other nonsense videos with millions views
I AM RESPONSIBLE FOR ME.
thank you!
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
Being poor is a way of life
Being broke is just temporary
Well said.....
Wow, this is re-thinking stuff. Bro 👌👌👌
This channel just changed my mindset drastically.
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.
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
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!!
Great advice quit being a victim
Yooo!! I know of so many people who sit around all day, but complain about havin no money smh..I try to tell em 🤷🏽♂️
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.
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.
Decade of sacrifice. Well said.
Hey I got a 2002 Toyota Camry. But it’s all mine. No monthly payments.
Stop paying your bills you're making somebody else rich. Wise words lol
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.
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
Very very wise man. Glad he's not a financial advisor because he'd have to charge for this kind of content.
Just VOO and chill foo
Hilarious, love it 💪🏼
My question is, What's the best way to make money from crypto trading? I really need help from investors and traders.
When investing it's of the utmost importance to diversify your money. This is a good way to invest
The number one skillset that an investor need to have is extreme patience and invest with a professional broker to guide you!
Buy low and sell high, also ensure you invest with a professional who has a unique skill in manipulating the market for profit gain. GOODLUCK!!!
I have one question, everytime I buy low and sell high I should be making more money right? But my wallet becomes less and less, why is this?
Me too I'm a beginner. I don't understand indicators that are used. Any guide or advice you wanna give me?? How to read indicators properly??
Hahahaha! I actually do drive a '98 Corolla and have no debt, money in the bank and some investments.
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. 💡
This video was made for me... the discipline! Is the hardest thing to do..esp while everyone around you are spending like crazy...
I love your videos bro and you're a great teacher too
Stop spending so much 💰
Five things that you need to do to never be poor again.. save save save save save.
I have yet to watch any self-improvement video that makes CLOSE to as much sense as Minority Mindset.
I live off of my 401K in retirement. It is more than enough.
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.
………don’t do what the majority does…………
Society ostracizes that behavior. Independence is not cheap and not for faint hearted people.
The thing is don't go through all that just so you go out and buy some junk you will just regret.
You cannot afford Netflix!
Delayed gratification
No fancy tricks here. Just hard work, sacrifice, and good decisions; the only path to success.
You are so inspiring ..thanknyou!
i am learning a lot from u
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 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.
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!
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
I love these videos…
Now I just have to find a job that isn’t actually just fake job requests. 😭
I feel you. Pain in the butt and time wasters those crap fake job ads.
I'm 40, is it too late for me?
It's never too late!
No
Freedom
Powerful Imperative Content. Much APPRECIATED. FRUGILE
I can't stop spending send help.
Very insightful video
Thanks
If someone rear-ends me at a stop light or spills water on me it is not my fault. Dumbest statement I have heard in a long time. I don't care if it was just meant to make a point. That was stupid. Rest of the video is good though.
If you're aware of your situation and surroundings possible to avoid
Acuity and Clarity..." Am the responsibility for myself " so help me God... is my fault...
It sounds great and I try to invest constantly, for which I thank you from the bottom of my heart ❤️. You literally changed my life and the way I look at it. My only regret is that I didn't know about all this when I was younger. I am now 37 and have a wife and two small children. And we are Bulgarians who emigrated to Finland, which makes things many times more complicated. The Finnish language is one of the most difficult in the world. But I have two decades ahead of me. Now I can't think of anything else but how to make extra money so I can invest more aggressively. Keep doing what you're doing! You are literally saving lives!
Earn more spend less. Id rather have that FAT ASS BANK ACCOUNT. JUST KNOWING IF I DID Want to get those things i could thats enough for me being able to have for myself and children because emergencies comes outta nowhere alot so we'll be ready for those situations
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!
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..
Or take the bus, public transportation. Skip the "car" expenses,...all of it.
Ask you boss what education steps you need to get certified, accredited in your line of work. If you're a security guard, iron your uniform and shine up your badge.
Jaspreet very nice to have you in my dream team.
God bless you man
Thank you!
I have same believes. But currently society and psychologysts like to say the opposite
At least it's a Toyota.
Just deleted my PlayStation plus membership 🧘🏾
Im going to be 18 in November and ill stard investing
I have more than 300$ saving as a pocket money where do i invest please guide me
Im from m india ❤
The it’s my fault attitude thing, I get where you’re coming from. I would say just stop blaming anyone, not saying everything my fault. Just don’t say it’s anyone’s fault. I have to do what I have to do to get what and where I want.
The one thing I worry about is stocks and losing money. I don’t want to wait 20 years to have money.
Is it too late for a 72 year old retiree living in Philippines?
Its never too late, you are only getting older not younger so do what you want to do now before having regrets
@@benjaminjansen7292
Thanks. I'm already doing what I want to do but need a supplementary income stream without real estate. It's not clear how to invest in stocks and options in Philippines as a foreigner.
People are too concerned with their public image.
They all want a nice apartment, nice car, expensive clothes, etc.
What podcast do you recommend
What do you think about creating a video, or series of videos of books you like, maybe review of your favorite ones?
Poor and I know it by how I have been treated while attem o ting to buy a car from Rod Hatfields located in Lexington KY. Used car l I t at that!
Me too wears a shoe with hole.😂
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!!!
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
He don’t know what he talking about everything so high
Inspiring video Jaspreet! Can’t wait till the May 21st livestream!