If You Have $5,000 In The Bank - Do This ASAP
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- Опубликовано: 1 июн 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
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Video host: Jaspreet Singh
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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 watch you videos and compilations everyday for at least 1hr, because I want the thought process and subsequent action to become an automatic response when I get money instead of occasionally watching and remembering after I’ve misspent it ‘Oh yeah I was supposed to separate that amount out’ Your comment about watching Netflix and chill was hilarious!!! You are 100% correct. Thank you for providing free financial education
Bybit swaps are glitched, when you are exchanging you get sent like x10
I just made a video to show that
Scam
If young people learn from your wisdom they will have a fortune when they get older. Thank you!!!
Yes and amen! Thanks Jaspreet!
Thank you! I always find value in all that you share! You are a blessing!
Thank you for this video!
I'm grateful for this compilation. I remember this stuff and it's nice to have it together.
I’m a strong believer that your choices in life completely change when you’re debt free.
In what ways?
@@barackthecomposer6642your mindset shifts from getting OUT of debt to IN to opportunity
Thank you for such as clear explanation. We appreciate this !
Yes on the real estate investment class.
Jaspreet, thank you for everything and all information you give to us.
Can you make a video for 1031 exchange, please.
Yess make a real estate course!!!
You’re great, Yaspreet!
Thanks
I have 5000 but I do not have 1.5 hours to watch this video.
You dont have to sit and watch the video you can do housework , etc.while you listen to the video ,like a podcast that's what I do😊
smack it in to a AI that gives you the points in a quick read lol
2x speed
Well you don’t have the minority mindset😂😂😂
youll likely not have anymore money in the future with this mindset
Please do a real estate class. I am interested
It is not the one time spending on coffee and guacamole it is the spending on coffee and guacamole every time you go out. If you have 20 coffees and guacamoles on each Credit card statement you are living over your means unless you pay off your card each month. It does add up.
Selling our things is tough because people want to spend $1 for a $20 item or $20 for a $100 thing. 🤦♂️
the beginning of the video seems to highlight my strategy of dividend reinvestment. This is a retirement strategy and likely you won't see a significant amount of growth unless you stick to it for twenty to fifty years.
Yes, I’d love for you to do a real estate investment class & how to succeed in it in these inflationary times.
Tell me more bro. Do you have any trader contacts on social media you follow for tips and markets to get into
Can you please do a video on student loans? I think it was in this video you said not to worry about paying it down right away?
Im sad he missed high yield saves ther from 4-5% right now
Recycling old clips is fine but not for 1:30
Can you do a video about dealing with money management with multiple businesses and how to do taxes when you have multiple businesses? I need some help!
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
I don't see the video on online banks
okay so i called my bank the other day about a fee and was mad, they said no help, called today and was nice, they refunded it no problem. PAYS TO BE NICE
Great insights on balancing savings and investments! One effective strategy often overlooked is periodically reassessing your financial goals and risk tolerance to ensure your savings strategy evolves with your career and personal growth. 👍
Put an extra payment of $20k on my mortgage. Estimated saving from that transaction $100k.
I feel like this could be a short... what hero has the bullet points?
This dude just recycles clips from old videos and packages them as new videos.
I was confused because I thought I heard this one before but it was just uploaded....
There are a lot of people who have not seen it.
Basically what Dave Ramsey has done and its done well for him
There's no other way to keep pumping out content year after year
People are not gonna go back in the past to watch that. Have to recycle and keep relevant with the times as well
Imagine you have a friend who is a banker and can give you good loans and keeps giving you a good interest rate
I like that you recommend further education only to the people who are willing to put the work to what they learn as a lot of people get useless education and are wasting money and time.
He clearly is pro system meaning he believes in the paper asset system. Physical gold and silver are the upmost important things to have for investment.
When you put money in a bank you are now an unsecured creditor. Your money is gone. And you are subject to future bail ins. Just look at what occured in Cyprus. Coming to a country near you.
So this 100 in a box isn’t doing anything for me? Lol I know it isn’t .. with the way the world’s going I’ll turn that 100 into something that sells no matter the times … absolutely my last resort but tired of saving saving saving to be taxed … in taxacuesstes mass
Fellow masshole here. Western Mass area.
Healy has to pay for those migrants somehow!
Although dumping ALL of them back onto Martha's Vineyard would be my taxes well spent!
Afterall, THEY voted for this, give it to them!.
A penny saved is a penny earned the old addage
I’m a real estate agent in Southern California. Thinking of buying an investment property in Henderson NV. I have no debt and will pay cash, What are your thoughts?
They forgot to edit out the blooper at 1:28:54 🤣
Yes please, do a real estate investing class
That depends how well he survives collapse of US dollars, and social orders.....or the daily norms as we used to expected or remembered...
Please check online about interest rates being paid by banks on savings accounts. You'll be pleasantly surprised. It's way, way, a lot more then 0.1%
I'd say these days, $5k is the minimum for savings. that'll cover for just about any repair, up to even a new transmission.
I agree.
Bhai any thoughts about whole life vs term life is it worth getting whole life or is it a scam?
Scam…. Invest in the S&P
Term only to support your dependents if you die or become disabled. Insurance is not an investment device.
I got 5k in the bank but im about to 4k in bills
ok bro
$700 a month??
You mean almost $1000 these days.
Best way is small car on a lease,paying $200-$250 a month for brand new small Honda or Kia.
Used cheap cars break down and repairs cost a lot at the shops.
Most shops are rip off.
That's where learning basic general maintenance repairs come in handy because when you buy a new car, that new car eventually becomes an old car and requiring repairs.
Yes real estate investing class!
From current situations unfolding........ most real estates business rules might not fair well while social orders collapse..... especially "engineered" collapse...........
If you still could hanging on for a little while after the mass die off and chaos.......... and be ready to defend what's you could salvaged..............
Please do an investment class!
Is that realistic.....?
The Investment & finance system as we know are about collapse/or "Great Resets".........you sure "classics" still applies...?
Invest while the markets are at ATHs?
No thanks.
This is exactly the mentality that leaves people behind. Time in the market beats timing the market, learn it, live by it.
Definitely want a real estate investment class!
Real estate class please.
This info is so necessary:save n invest 💰💰💰💰💰👍🏿
You might need consider adjusts that some what...... for dealing with post collapse events......or, dooms day....
❤❤❤
G! G! G!..........Guns! Gold! God! at current SHTF situations unfolding!!!
PayPal is paying 4.6 percent on your savings.
It’s not FDIC insured so if they fail you lose money
They have also been hacked before
M1 Finance is paying a 5% and it is FDIC insured.
@@NAS9088PayPal savings is through Synchrony Bank and is FDIC insured.
Save in swiss francs and Singapore dollars instead of the failing USD
Jaspreet doesn't know what paycheck-to-paycheck means.
Just Patience michael, years ago i met an account from a great company, and he told me this: Debts are not ETERNAL, so try to do other activities that generate a little more money and try to save money or paying fast somo debts, My best wishes,!!!
Unfortunately, $2000 saved for car repairs is not enough. Has anyone priced what an engine or transmission rebuild will cost these days?
It's better than what most people do have though.
🤑 most trannys fail because people go cheap when the fluid is due for change, they go to a oil change drive through or buy cheap replacement stuff at autozone, you must use original manufacturer tranny fluid , you cant treat a tranny like a engine, as long as you charge engine oil every 2,000 miles you can pour any autozone or any drive through oil in da Beast
@@Jawrathful isn’t it like nearly half of people don’t have $1000 saved for an emergency? That is tragic.
I think folks generally should systematically fund 10% to emergency cash each paycheck, then go after escalating debt pay off. A funeral home (heaven forbid that happens to your family) sometimes will require cash ($10-15k) on the spot and it may take a few weeks to get your life insurance payout. Getting $10-15k put away is also money you may need for first and last rent if your housing abruptly changes. As unfavorable as debt is, I think most people today should never let cash get below $15k so getting there and then staying is quite sensible in my opinion even if you have to pay more interest or assume medical bills for the time being. If you get some minimum emergency reserves built you can elect to pause and tackle debt, sure, just figure out what your min emergency should be. I think $10-$15k is a good start for most Americans. If it takes more than a year to do that, be kind to yourself and focus on staying the course. 10% or something like it. It’s worth the effort.
If you do 10% you can scale into a better situation and practice being disciplined with setting aside funds that you don’t use unnecessarily. The sooner you master that skill, the better off you are at disciplining yourself in all the other categories. The 10% allows you to still go after eliminating debt it just allows you to build buffer simultaneously which I think is wise. It’s also motivating to not add to card debt knowing how hard you are working to build the 10%.
True, everyone needs a large savings account because most emergencies could wipe out a small savings. Then you could be back to zero.
This video could have been very short. Wasted too much time.
Hello i will like you to start a realestate class
1hr 30 mins is too long for the tips provided in this video. Too lengthy unnecessary.
Ive got 10 thousand in the bank and I'm donating it to Trump! It's an investment in America!
Trump needs more money true
@@Konoxashe is still rich
The president has little to no impact on investments.
Awesome!! 😂😂😂
@@DR-cu2fl Blessed is he who's name is Trump for he only need speaketh the word and I shall be healed!
This video is an hour and 28 minutes too long.
Videos too long and boring!