Join Business Briefs, my FREE business & entrepreneur newsletter, here: briefs.co/business/jaspreet WARNING: There are many fake accounts impersonating me. I will NEVER ask you to contact me through RUclips 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!
I’m turning 50 😢 late this year. Came late to this country and put myself through college…have almost 50k on student loans, a trashy car paid off, no house, and some credit card debt~4500. But everything is in the mind…I will make my life better for me and the family you can count on my words! Thanks for your videos
This is why I didn't buy a more expensive car. Got myself a used beetle and it's paid off. Said money can now be extra cash in my pocket to divest elsewhere like my student loan payments and investment portfolio. I'm just getting started on investing in general so I am a little late at 27 years old. But, I think I am in a good position because I live at home with my parents and they do not care to have me help pay the bills. They are more focused on making sure I save my money so I don't struggle like they did growing up. I highly advise people who have the privilege to stay at home and not help pay bills to really take advantage of this and not spend frivolously. I have an emergency fund 40k saved up (6 months), a paid off 19k car (this includes taxes and all other optional expenses they give you when buying the car), down to 14k from an initial 30k student loan), opened up and maxed out my Roth IRA this year, and a 5k individual investment portfolio that I also opened up this year too. I'm positive that if I didn't have the privilege to live at home like this, I wouldn't have been able to do this.
Better to invest now then later. Im 34 and started investing when i was 30. I like dividend stock and Index funds. I plan to invest in real-estate in the furure.
I never seem to have enough money to buy the dips as I am paid monthly. I wind up cannibalizing my other asset classes to buy new stocks. Currently I am 80% in stock. This may seem like a good plan to you, but at 68 this is not a good plan.
I have four buckets that my paycheck goes into. As each bucket fills up, the overflow runs into the other bucket. The slimmer I can make the first buckets, the more that can flow into the last bucket. The last bucket is infinite so it never fills up. The following are my buckets. 1. Living expenses (Mortgage/rent, food, etc). 2. Emergency fund (X months of living expenses plus health, auto and home insurance deductible). 3. Fun expenses (Dinning out, travel, gifts, etc.) 4. Investments (stocks, real estate, business, career, health, etc.).
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
@Jamie Janny I agree with you Investment is the key to sustaining financial longevity . And not just any investment but an investment with guaranteed return .
@@alexstephanie8051 yeah investment is the key to sustaining your financial longevity but venturing into any legit investment business without proper guidance of an expert can lead to great loss too .
I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me
Congratulations beautiful lady. You’re really doing well for yourself, I’m 45 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex
Sorry for the late reply sweetie, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big
I literally did this starting 2 weeks ago and it took half of my life to figure it out....then i bump i to your video showing this. Thank you bro it makes so much sense
I am 45 and starting to invest small amounts but I am determined to educate myself in that more and consistently add to my portfolio and buy some buy-to-let property in the future. What is missing here is just one thing- always GIVE to good causes a fraction of your income. :) love your channel.
Jaspreet's education is some of the best on RUclips when trying to get your foot in the door and really thinking about building long-term wealth. Thank you!
12:32 one thing I’ve done recently is use curbside pick up at the grocery store and it has done me wonders. 1. I save money because I can’t buy anything extra! I literally only buy what I need because I only get what’s on the list 2. I save time and don’t get stressed about goin to the store now! I pull-up and in 5 min I’m done 3. I save more money because I get more cash back buying online at these stores with their CC then buying in stores It’s really a win win win! And even if you’re weirded out by someone random grabbing your veggies or fruit. You can go in and just grab those things so it would still reduce the amount of things you need and therefore reduces how much frivolous spending you can do!!
I agree and the above has helped me as well! Also having things delivered allows me to really decide if I need the item. Easy returns gets that money back in my account.
if you pay yourself first and do all your investing. there's nothing wrong with having a nice car ( monthly payment). eventually that used or older cars are going to start to need more expensive repair. and like ramit sethi said in hes book ( i will teach you to be rich) its ok to buy your latte (in my case a nice car or truck) after taking care of everthing else first.
Thank you Jaspreet🙏🏻 today is my day to tithe from my cash flow from june. I give freely and joyously to you for sharing all of this practical knowledge that I am turning on to wisdom and financial success
You have to have a healthy balance of both saving and spending! Go on vacation, enjoy some of that money you worked for! If you die next month what did all that saving get you? Nothing! I’m not saying don’t save but don’t live a life you won’t enjoy in hope of something that is not guaranteed. Despite what popular RUclipsrs might say, most people aren’t going to be millionaires.
Hey would you be down for doing a video on how to find a good class? You mentioned that you buy audible books, and classes however there's a lot of crappy classes out there and a lot of people claiming that oh their class blah blah blah. One of the things I've been wondering about lately is how to tell if a class is worth taking. Thanks, I really appreciate the work you do it has helped me tremendously
Wow! I love what I’m hearing. I’m bombarded everyday with all kind of advertisements on investment. I have to say that @ minority mindset sounds honest and very educational for me. I’m learning a lot. Thank you for your videos.
Wish I found this video 2 years ago before I start my business that could save me from all the mess but I guess I can still call myself lucky because I am not giving up. Thank you
@@Minority.mindset thanks for the reply and I'm trying my hardest each day to learn as much as possible on real estate your channel helps greatly definately looking for some property in Michigan
I am going to try something new. I am going to save $10,000 and invest $1000 into an industry that I think will grow in the next 20 years. So 10 industries with $1000 in each one with at least 10 stocks per industry. Buy them and forget about them until the next 20 years. Who knows. Could end up losing money, could end up making millions. I already have an emergency savings account so I am ready to do it. I just need to save money.
So true, in Australia pay day is usually on Wednesday or Thursday and guess what ? the shops issue the new catalogue on Wed and closes at later time on Thursday !!
Jaspreet, you make me laugh - I love the reading of books without reading them :) And do you breathe? But let me tell you, thank you for making these videos. I need the "slap on the face" approach..in the end, if I'm not prepared to tighten up and make changes with my finances, then I don't want to achieve anything. Thanks for being straight and not sugar coating the subject of finances!! I appreciate you.
Yeah, I do something similar when I see something I want. I don't buy it but if the thing is still on my mind the following day or a few days later, or next time I'm in the area then I buy it. ☺️ If I don't remember it then I guess I don't buy it 🤷
Make money from business and pump money into real estate for tax writes and index funds for a more passive approach. That is the secret to wealth. I own 90 units , but not quite there on the business yet
Hello Jaspreet! We are curious about your suggestion at 21:50. We have found a small property near a college area that we wish to rent to students for our 1st investment property. We have 10% down payment. We believe we will make about $100 profit/mo. HOW can we finance such a purchase? Many thanks - Johann in Pennsylvania.
College students will wreck your property. If you do this, do not puts tons of money into it. Charge them for all utilities and get a lawyer to put together an ironclad contract. Also get the parents to co-sign.
I own Gucci and LV. The Gucci was on sale and the LV bought 30 years ago. So yes, but no. Assets are the deal. Pay yourself first. I've done the account allocation for years. It's really the easiest way. Giving back is very important too, and we don't stress that enough. I feel you on time. My time is worth alot and some stuff is just worth spending money on.
I watch tons of your videos and all though I only have a part time job right now because of my area there is too many people and not enough jobs, its good to get the mindset down. Now I just need to start building wealth and I have all the tools and no bills, student loans, or anything else I pay for so the time is now for me
this is what i saw in the thing I could access that fixed the hole in my wallet, crypto, the barrier to entry, so little, to teach another how to do it,...i now see that i could have built a nice lawn mowing business in the 8th grade... but mowing right along...I found you, and George Gammon, and then I found Hex, this after I found what fuels my soul, that is.. which is showing up via the comments, and spreading that love
I spend, save, invest, buy insurance, pay debts, take vacations, help family, and give to church and other causes. Im a mess but life is just for living😅.
Join Business Briefs, my FREE business & entrepreneur newsletter, here: briefs.co/business/jaspreet
WARNING:
There are many fake accounts impersonating me. I will NEVER ask you to contact me through RUclips 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!
whats the best broker, investemnt platforms for europe like robin hood, acorns and forex tho i dunno thanks
Is fundrise good for uk user ?
LP0 by no MO MO
I’m turning 50 😢 late this year. Came late to this country and put myself through college…have almost 50k on student loans, a trashy car paid off, no house, and some credit card debt~4500. But everything is in the mind…I will make my life better for me and the family you can count on my words! Thanks for your videos
All the very best for your journey dear ❤
This is why I didn't buy a more expensive car. Got myself a used beetle and it's paid off. Said money can now be extra cash in my pocket to divest elsewhere like my student loan payments and investment portfolio. I'm just getting started on investing in general so I am a little late at 27 years old. But, I think I am in a good position because I live at home with my parents and they do not care to have me help pay the bills. They are more focused on making sure I save my money so I don't struggle like they did growing up.
I highly advise people who have the privilege to stay at home and not help pay bills to really take advantage of this and not spend frivolously. I have an emergency fund 40k saved up (6 months), a paid off 19k car (this includes taxes and all other optional expenses they give you when buying the car), down to 14k from an initial 30k student loan), opened up and maxed out my Roth IRA this year, and a 5k individual investment portfolio that I also opened up this year too. I'm positive that if I didn't have the privilege to live at home like this, I wouldn't have been able to do this.
That’s good, and I hope you’re crushing the market at large ?
Either this or get you a group of 3-4 friends and split everything. Being on your own right now is tough for many people.
Better to invest now then later. Im 34 and started investing when i was 30. I like dividend stock and Index funds. I plan to invest in real-estate in the furure.
I haven't heard anybody pronouncing the word "Assets" as satisfying as Jaspreet.
I never seem to have enough money to buy the dips as I am paid monthly. I wind up cannibalizing my other asset classes to buy new stocks. Currently I am 80% in stock. This may seem like a good plan to you, but at 68 this is not a good plan.
That's fine. If the stock thesis is correct, you'll see outsized gains in a few months. That means 100% in stock is fine.
That sounds great but if it doesn't happen, be kind to homeless grey hairs because one may be me.
Thank you Rick. I have just completed that task. That helped.
I don't have to pay to educate myself. I learned from you. I guess I'm in debt to you now😄
I have four buckets that my paycheck goes into. As each bucket fills up, the overflow runs into the other bucket. The slimmer I can make the first buckets, the more that can flow into the last bucket. The last bucket is infinite so it never fills up. The following are my buckets.
1. Living expenses (Mortgage/rent, food, etc).
2. Emergency fund (X months of living expenses plus health, auto and home insurance deductible).
3. Fun expenses (Dinning out, travel, gifts, etc.)
4. Investments (stocks, real estate, business, career, health, etc.).
Love this 💖
Absolutely, always pay yourself first.
Don't impress anyone. It beautiful being rich and nobody knows it but you and your banker. 😉👊
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
@Jamie Janny I agree with you Investment is the key to sustaining financial longevity . And not just any investment but an investment with guaranteed return .
@@alexstephanie8051 yeah investment is the key to sustaining your financial longevity but venturing into any legit investment business without proper guidance of an expert can lead to great loss too .
Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people
@scottnicole2503 Yeah honestly I have also experience her great work , she's really exceptional in her services
for sure the best broker i have ever seen , I invested $ 5k and she made me profit of $ 25k for me just in 5 days
I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me
Congratulations beautiful lady. You’re really doing well for yourself, I’m 45 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex
Sorry for the late reply sweetie, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big
Thanks for your kind response, I would really love to connect with your financiaI consuItant if that's possible
Please make videos showing us single moms how?
@@ladyk2002
A very convincing video, or it's scam.
I literally did this starting 2 weeks ago and it took half of my life to figure it out....then i bump i to your video showing this. Thank you bro it makes so much sense
Good day all!! KEEP HUSTLIN!!!
I am 45 and starting to invest small amounts but I am determined to educate myself in that more and consistently add to my portfolio and buy some buy-to-let property in the future. What is missing here is just one thing- always GIVE to good causes a fraction of your income. :) love your channel.
Sir, this is a wonderful lesson. Love the fundamental graphics and precise plan of action.
Jaspreet's education is some of the best on RUclips when trying to get your foot in the door and really thinking about building long-term wealth. Thank you!
12:32 one thing I’ve done recently is use curbside pick up at the grocery store and it has done me wonders.
1. I save money because I can’t buy anything extra! I literally only buy what I need because I only get what’s on the list
2. I save time and don’t get stressed about goin to the store now! I pull-up and in 5 min I’m done
3. I save more money because I get more cash back buying online at these stores with their CC then buying in stores
It’s really a win win win!
And even if you’re weirded out by someone random grabbing your veggies or fruit. You can go in and just grab those things so it would still reduce the amount of things you need and therefore reduces how much frivolous spending you can do!!
I agree and the above has helped me as well! Also having things delivered allows me to really decide if I need the item. Easy returns gets that money back in my account.
if you pay yourself first and do all your investing. there's nothing wrong with having a nice car ( monthly payment). eventually that used or older cars are going to start to need more expensive repair. and like ramit sethi said in hes book ( i will teach you to be rich) its ok to buy your latte (in my case a nice car or truck)
after taking care of everthing else first.
Thank you Jaspreet🙏🏻 today is my day to tithe from my cash flow from june. I give freely and joyously to you for sharing all of this practical knowledge that I am turning on to wisdom and financial success
You have to have a healthy balance of both saving and spending! Go on vacation, enjoy some of that money you worked for! If you die next month what did all that saving get you? Nothing! I’m not saying don’t save but don’t live a life you won’t enjoy in hope of something that is not guaranteed. Despite what popular RUclipsrs might say, most people aren’t going to be millionaires.
Hey would you be down for doing a video on how to find a good class? You mentioned that you buy audible books, and classes however there's a lot of crappy classes out there and a lot of people claiming that oh their class blah blah blah. One of the things I've been wondering about lately is how to tell if a class is worth taking. Thanks, I really appreciate the work you do it has helped me tremendously
Being an entrepreneur and investing is the key!! Don't buy Gucci but sell it!! Yahyy!!
Steal it then undercut the competition 💪
@@RepuBlicOfChaD 😅😅😅I’m rolling
Thanks for your free advice brother. Very educational, really good content.
These videos are like affirmations.
Wow! I love what I’m hearing. I’m bombarded everyday with all kind of advertisements on investment. I have to say that @ minority mindset sounds honest and very educational for me. I’m learning a lot. Thank you for your videos.
You don't have to buy the books there still are libraries that have books some libraries even have kindle books as well
Wish I found this video 2 years ago before I start my business that could save me from all the mess but I guess I can still call myself lucky because I am not giving up. Thank you
Hello Jaspreet, can you do a video of what are the best 20 books to learn investments. Thank you so much.
As a nutritionist I concur with healthy food. If you have health issues you can't enjoy your money! Thanks so much for your videos.
This is SO great, listening on my phone now...thank you for the insights, thank you for sharing with us ⭐
God bless this man!
chat me up ☝️
Attention people who are grateful for Jaspreets good work here, who do you know that has one of those "safe, reliable cars" they cannot use anymore?
Love how you give to Detroit the people need it out here 🙌 God bless you
Hello how are you doing today.
I hope you’re crushing the market ?
@@Minority.mindset thanks for the reply and I'm trying my hardest each day to learn as much as possible on real estate your channel helps greatly definately looking for some property in Michigan
I am going to try something new. I am going to save $10,000 and invest $1000 into an industry that I think will grow in the next 20 years. So 10 industries with $1000 in each one with at least 10 stocks per industry. Buy them and forget about them until the next 20 years. Who knows. Could end up losing money, could end up making millions. I already have an emergency savings account so I am ready to do it. I just need to save money.
Chat me up ☝️☝️☝️
You are simply very AWESOME ❤ it
I watch this video as my motivational almost often
to achieve my dream.
Thank you 🙏
Thank you for your knowledge and your book I’m making changes as I go
You give so much knowledge and in an easy to understand way.
I love your teaching I am learning something now thank you for sharing
What are the top 5 business books that you’d personally recommend?
Pretty sure he has a video on this.
Wish I had learned more about this 40 years ago. But didn't have youtube then unfortunately to find it so easily.
Obrigado 😊
So true, in Australia pay day is usually on Wednesday or Thursday and guess what ? the shops issue the new catalogue on Wed and closes at later time on Thursday !!
always great info. thanks for sharing.
Preach it🎉
One of the best videos i’ve seen on money, favorite content creator I’ve come across in the money scene by far. Appreciate you Jaspreet
I love your story about the HOA complaining about your car, lol!...I can relate...my neighbor called the city on me too.
Omg! I did this exact thing without even knowing that was such a good thing to do. I got a 3:35 Lot of space for learning and improvement
Jaspreet, you make me laugh - I love the reading of books without reading them :) And do you breathe? But let me tell you, thank you for making these videos. I need the "slap on the face" approach..in the end, if I'm not prepared to tighten up and make changes with my finances, then I don't want to achieve anything. Thanks for being straight and not sugar coating the subject of finances!! I appreciate you.
Just what I needed. 👍🏽👍🏽
Thanks for this video. I am following your advice. I feel blessed to have found your channel my friend.
Could you make a video on HELOC's and your opinion on them please. Thank you. 🙏
I really injoy your videos I am interested in knowing your thoughts and opinions on investing in gold and silver
Excellent material
I love this video! How much in 401k do you deposit? I didn’t hear that part. Thanks much love
What are the top books you have read and recommend?
Thanks for your wonderful teaching and help !
Thank you so much for your help!🙏
Great information, thank you
What percentage would be for tithe or charitable giving and how much should be used to pay off debt
Almost 60 and I can start this. Thanks
You can get the books from your local library. No need to spend money on books.
4. Plant Avocado trees.
Patch in Mexico cartel kills avacado farmers
I don’t see the 10 day trial for Market Insiders mentioned in your video. Would like to try!
Great video. Gonna be taking this advice in full this 2023 year
Yeah, I do something similar when I see something I want. I don't buy it but if the thing is still on my mind the following day or a few days later, or next time I'm in the area then I buy it. ☺️
If I don't remember it then I guess I don't buy it 🤷
Answering all the invetween questions that I needed to know. Unreal value from this video. I spent my time wisely watching this 🔥🔥
Keep hustling...............yes thank you Jaspreet
Chat me up ☝️☝️☝️
This is the ultimate video. I wish this video could be seen by everybody.
Hi Jaspreet, which app is best to make investments in the UK. M1 finance doesn't work in UK.
Make money from business and pump money into real estate for tax writes and index funds for a more passive approach. That is the secret to wealth. I own 90 units , but not quite there on the business yet
Would you rather look rich or be rich? Tough question right here. I'm in Canada, Jaspreet, how do I get myself out of the factories?
Thank you ! So much good information 😊, Which business books do you recommend for newbies?
high yield (interest) savings accounts are making 3% nowadays e.g. citibank accelerate
I don’t want to be rich I want to live comfortably
On AMC69T Go long when the sell pressure reduce.
Want the link to m1 finance. Ty
Beat video on financial
Amazing lessons!! Thank you!
How can I save any money while I live from paycheck to paycheck, sometimes I bearly keep up with my bills?
Hello Jaspreet! We are curious about your suggestion at 21:50. We have found a small property near a college area that we wish to rent to students for our 1st investment property. We have 10% down payment. We believe we will make about $100 profit/mo. HOW can we finance such a purchase? Many thanks - Johann in Pennsylvania.
College students will wreck your property. If you do this, do not puts tons of money into it. Charge them for all utilities and get a lawyer to put together an ironclad contract. Also get the parents to co-sign.
if you own the home you are gaining equity so it isn't just 100 a month profit lol
He did a great detailed video on all the steps to getting started with rental properties, including financing.
Thanks for all your great video
I have changed to impulse buying stocks and other investments. I find a lot more satisfaction from that over time.
Where ya go for getting email for market beliefs
I own Gucci and LV. The Gucci was on sale and the LV bought 30 years ago. So yes, but no. Assets are the deal. Pay yourself first. I've done the account allocation for years. It's really the easiest way. Giving back is very important too, and we don't stress that enough. I feel you on time. My time is worth alot and some stuff is just worth spending money on.
Really enjoyed this video. Thank you
Where would bills be pulled from, spending?
Love the 24 hours waiting.
chat me up ☝️
This is the video I needed to see. Thank you.
I watch tons of your videos and all though I only have a part time job right now because of my area there is too many people and not enough jobs, its good to get the mindset down. Now I just need to start building wealth and I have all the tools and no bills, student loans, or anything else I pay for so the time is now for me
Thank you for your video I learned a lot from you… you’re the best!!!
People who listen to this will never get rich, get out there and find your own way.
this is what i saw in the thing I could access that fixed the hole in my wallet, crypto, the barrier to entry, so little, to teach another how to do it,...i now see that i could have built a nice lawn mowing business in the 8th grade... but mowing right along...I found you, and George Gammon, and then I found Hex, this after I found what fuels my soul, that is.. which is showing up via the comments, and spreading that love
I want to learn more sir?
Ow ow ow man. I'm okay with change but some things must not go. " Down in the description. Below!
What if you are retired and not actively working currently but are working with a limited pool of funds. How do you make them grow?
Don't need to BUY the books, get them for free at the library!
Thanks man.
Awesome advice!! Thank you.
Chat me up ☝️☝️☝️
I follow your videos , this is the best one for me to manage my money .
So much valuable information for someone like me. Thank you!
I spend, save, invest, buy insurance, pay debts, take vacations, help family, and give to church and other causes. Im a mess but life is just for living😅.