How To Manage Your Money Like The 1% (75/15/10 Rule) | Jaspreet Singh
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- Опубликовано: 28 авг 2024
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Video host: Jaspreet Singh
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1.7 million subscribers. Well done, Jaspreet. I just wanted to take a moment and acknowledge you and the value you give to the community via financial education for free.
Where have you been all my life? My mindset has completely shifted from watching your videos. This should be taught in all schools.
I was in debt and he’s so right
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Success usually comes to those who are too busy looking for it. If you're willing to do business or become an investor then you will be rich.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Trading under the guidance of an expert is the best strategy for beginners.
Overall, 51% of traders think it's a good time to invest in stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m thinking of investing $400k into my stock portfolio but unsure about it
Pls who is this Advisor that guides you? I’m in dire need of one
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds
@@PotBellyPete69scammer
Don't
@@sting_graylOhh really? $950 K net profit with $550 K investment in few months? Your financial advisor should be Warren Buffett…
I’m currently working on building generational wealth from have zero in the bank. I’m now in my fifth month. The biggest frustration is none of my family members believe it’s possible, they cut me off when I start talking about investing. I have to to make new friends, but I wish it was my love ones I’m building with.
There is a major difference between "Family" and "Relatives". Sounds like your relatives are not thinking with you. You need to create your own Family that believes in you and supports you in your journey.
@@embroideryguy You are 100 percent correct. Thank you Ed.
Are you trying to get your family to invest with you? I’m telling you now, unless they already have an entrepreneurial mindset, that is a recipe for disaster. If you want to create generational wealth, you need to do it on your own or with a spouse who shares your views.
@@daCubanaqt That was my original plan. My plan now is to build and then teach. I will give assets to the members who that the time to learn. Build and they will come is the philosophy I’m going by for now.
@@daCubanaqt Thanks for your advice. That makes sense of a lot of frustration and confusion.
Fantastic Life Advice! I wish I had learned this when I was in High School.
“It takes Hustle to Create Money, And Money to Grow Money”💪🏾🙏🏾
That's right I make my living playing roulette. People said it's impossible. Yet I've been doing it for years.
Jaspreet- you are amazing and very informative. Thanks a million !!
Wonder if Jaspreet missed his calling as an economist vs lawyer. Anyway, digestible info presented simply and by a relatable person. Thanks! 😊
I am so grateful for your knowledge Jaspreet, thanks a lot. :)
Thank you, Jaspreet! Your information is so great and I appreciate you. Please don't stop!
Thanks for sharing your exquisite and valuable knowledge, Jaspreet!!
My three favorite channels: Minority Mindset, Stock Brotha, & J Bravo. Make my week complete!
You walked so we can fly! Thank you for teaching us! I’m listening!😊🙏
Your coaching is really inspiring! Thanks from Morocco!
43:09 As much as ive been watching you and other business related, finance related, and entreprenuership related creators and as much as Ive read Robert Kyosaki, Donald Trump, the Go Giver, The compound affect, your video IS JUST NOW been the jolt of electricity that set the light bulb off in my head of all the years of knowledge and content ive consumed on the subject. I've always believed that wealth starts in you mind and that you really don't deserve to be wealthy until you've made THE paradigm shift in your head. I can now confidently say that I am ready to receive wealth.
😊😊😊😊😊
Starts when you're +35 plus, you're not alone.
@@gitgen1887 well im way younger than that.
How do we break down a paycheck in the 75 15 10? Do we chop it up in percentages. 75% to ourselves 15% to investments and 10% saving?
Yep.
I love these hour long videos. Best thing to listen to when driving
Same here lol
I am very grateful to have come across your channel, Jaspreet. I am in a similar situation as you where my father only says to go get a job to earn a living. Hence, I am a law graduate, following the footsteps of my father in becoming a lawyer. However, he knows not much else about building wealth and as a result of his character, he controls my life preventing me from pursuing any other path. It is difficult at times because money is still a concern and my dad believes that there are no other ways to make it in life except his own. But I know resilience prevails. I will endure and learn all that I can so that, eventually, we can all be financially free.
Make a plan to work yourself free!! You have a good background & profession that can take you places very quickly!!
@@kaythegardener Thank you for the words, Kay! I wish you all the blessings to be able to achieve your goals as well!
Thank you for all of the advice you are offering to help others out. I wish I had this kind of platform avaialble when I was younger, would have been in a much better place. I will use this info to help my son learn how to make money work better for him going forward with saving and investing smarter.. Opening his new trading account soon to get him going
You sound like an awesome father! Blessings to you both! 💛
I just joined and I have spent the last two days watching your videos and they are very real raw and valuable and I just joined brief and will now be reading that every morning while having my morning coffee and journaling and prayer time so that I can stay informed and make great desiciions with my money also I just switch from 50/30/20 to 75/15/10 rule as it works better with my budget and my goal is to get my emergency fund and then once done that reallocate that money to my investing account and generate cash flow .
Jaspreet’s Toyota is going to end up being a vintage collectors item worth over a million dollars
Hey my Toyota/20 year old lexus has 300k miles on it but I don't have a monthly car payment and that $800 a month can go into tesla stocks 😀
My Toyota Scion has 340K on it
😄😄😄
Omg your on point. Thanx for all the amazing info!! You got my sub
I am a Puerto Rican fan because you help people with these videos I finally got my first house I want to learn how to get a second home I am confused because of my pay is the same as when I got my house
I feel you loud and clear i struggle with it and recovering addict 10 years clean i didn't do by myself 🙏
Im two years clean I don't want to be but I have to be I hope I can find financial freedom one day I just fell 165 feet in a excavator and broke my neck and back a month ago and I still have to work or my son won't have a home or food to eat what a life this is
One of the best advice on investing brother. Clear am straight to the point. U just gain a subscriber.
JASPREET! Happy to be part of your RUclips community sir! I’m learning so much from you man.
Thanks for all that you do for your followers!
This is pure gold and we all thank you for talking about financial education something the school system doesn’t set you up for
You always deliver
This video is the blueprint…the prototype. I have listened to it at least three times and step by step I am on my way to building wealth. Thanks for all you do sir
I've been seeing a lot of companies with absolutely terrible hiring practices. No communication. No motivation to find and attract the best talent. No effort to reach out to candidates who are very interested in engaging with their prospective employer. It is pretty awful.
So what im understanding at 4:28 is to use your primary endeavor to buy assets as you previously explanned but then have other ventures on the side to fund a business that you'd hope will produce more return from the mear assets that you bought.
Thank you Jaspreet!
You need to put chapters in your videos.
Should I focus on paying off my debt first, before I use any of this advice?
Yeah, if you have debt issues focus on eliminating it if it's bad debt.
Pay yourself first and it doesn’t mean going out to buy an expensive Gucci bag, thanks again for this reminder in this video.
This guy s a total genius!!! Thank you sir!!!
I’ve heard The se ideas before, but not so well explained. Congrats and Thank you!
listened to a video yesterday by accident , was looking for you today
OMG I love this man❤ Thank you Lord for sending us Jaspreet
I’m a big fan of minority mindset and Jaspreet Singh 💯
Your a gray sleeker, it’s great watch your videos they are really educational 👍
I’m not from the US but this totally resonated ✨🙌
The greater the passive income you can build, the freer you will become. Taking the first step is the hardest, but 6 houses later living off passive income. You’ve got to start taking steps to achieve your goal.
Thanks for all the info I learnt so much today, many blessing so you can continue teaching many people 😊
I use the “ I don’t buy a bunch of crap I don’t need” rule. 🙂🤣
Those who understand interest earn it and those who don't pay it!
Appreciate your knowledge, experiences and I am and will apply myself to have financial freedom. Writing my goals down, visualizing it and taking it step by step. Waking up with an abundance mindset and conquering my personal goals/world. Let’s get it 💪🏽
Will be trying this 75/15/10 method
Finally someone who actually knows what their talking about.
I just started using this method! Exxxxxxcellent idea!!! Doing 60/20/20
You changed my lifeb jaspreet
Thank you for all of your videos helping us! I am a viewer from Sweden. Not always the easiest to translate to the swedish market but good stuff anyway!
I can't apply most of this advices because I'm out of USA. But it's still a good way to live and prepare your mind to have money
Since I'm here listening to this guy's managerial advice, I'm pretty sure through working and spending wisely hence saving money,I hope God's willing, am gonna attain financial freedom in the future. Thanks
I'd love to invest in market briefs too? Can you make it happen please 🙏 I can understand your vision an would love to be involved
Saved!! Excellent!! Familiar with...... certain strategy!!!☕
Hey Jaspreet. How do you find the real estate that the banks need to liquidate?
45/45/10 here: 45% to bills, 45% to investments, 10% to food
Invest money yourself and be accountable to yourself and stop paying these so called professionals as nobody will look out for your money better then you!
Assuming you have the knowledge to know what you are doing.
I can’t seem to find a video of yours where you talk about the importance of “giving” to charity. Robert Kiyosaki and Dave Ramsey talk about giving.
Screw that noise.
How do automate this process please? How do i set this up with my bank?
Excellent channel. Excellent advice. Count me in as a subscriber.
What stock or investment I should invest in?
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.
I am interested to know more and invest in Crypto please
trading is easier with proper guidance, especially from a professional, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news
Well, you are saying the fact. I invested $4,000 with fergus Waylen. and earned $12,000 in 7 working days.
I was trading fairly a small account and I got over 200% within one month. We need more traders like him in the space to guide the teeming population of crypto enthusiasts and traders out there
❤❤❤ great video. The pivotal change for me is to move onto investment in my own business to potentially gain more than stock market and property investment returns 😊😊😊😊❤
I love this guy. God bless him
I already have a minority mindset, your words help to motivate me, I feel inspired by you, thank you.
Exactly what I needed to hear today!! 😊
Thanks so much for all information 😇🙏
Is investing in raw land a good idea?
“We’re getting skinned alive” is mindset game changer ❤️👍🏻
Such an amazing video. Thank you Jaspreet!!❤❤
This was awesome. Getting ready!
I love how Gucci is the universal “money down the drain“ example😂😂
This dude is spot on!
THANK YOU FOR SHARING
WOW great video!!!! thank you for all your time!!!
@JaspreetSingh Do you have a video on how to effectively manage a loan that you use to build a business and what to do when that business fails so that you don't get mired up in debt that you are not done paying yet? Thanks for any link that you can point me to.
Any advice on taking out a personal line of credit to not only consolidate all of my debt but to also invest the rest of it into renovating my basement into a rental space?
If you’re going to make an hour long video, least you can do is put chapters in it…
Oh the entitlement
Thank you
I am working as a kitchen assistant but want to be an entrepreneur in future. Thank you.
Yes keep it simple
You’re a good man Jaspreet 👳🏾♂️
I been putting my money in silver gold platinum and numismatics for a long term savings with potential of growth in value per troy ounces plus rare numismatics value and been thinking about buying into the s&p 500 and other divided stocks for passive income any suggestions if my financial plans are good strategy
My wages: 75% Beer, 15% kebabs, 10% bills.
This is great. The only thing I'm confused about is, how does a 401k factor into that 15%? And, are you talking about the income as gross, or net?
Great question. It's considered an 'investment' in the loosest term, but I don't know if Jaspreet mentioned this
If I'm not mistaken I believe in another video he said the net income.
Net is all you actually get to spend or invest or save.
Thanks
If you looking to by a property asset and you invest your money in etf's. What happen if real estate crash is an opportunity to bye a property but your etfs probably have loose the value. I guest when real estate is crash stock market is crash to. Opportunity is there but no money to get it?????
Wishing you Zillions of Blessings brother that keep flowing and flowing! I enjoy your shared knowledge.
What about the 75% account devouring all of your earnings .
My Vanguard account does not allow me to make automatic payments into my ETF. It says I can only do it if I switch it to a mutual fund. Will switching to mutual fund be the move?
After the great reset , the rental real estate economy is going to crash . So. What would you suggest to do in case the dollar collapses or looses half its value ?
True wealth is get rid of credit cards… love your 75/15/10 =100 a week, do able thank you Jaspreet, needed this🙏
Thank you so much
Does the 15 percent include funds invested in 403b account?
So you were lucky to find properties that were cheap in the beginning. What do we do now where one bedroom is closer to 500k and if you go for the second property you must need to pay 20 percent down payment?
Should you be investing money if you have debts? (Student loans, credit card debt, car payment etc)?
Pay yourself first! (by investing) Pay the others second.
@@pastorrandyExactly, 👍 your Wisdom Sir!
Wait your Camry doesn't have a bumper? For your safety please get a bumper, it shouldn't be that expensive. Safety first, health is wealth.
Good point
Idk i feel like owning a home still has benefits, like not having rent or mortgage payments when im old😢
I agree with you - I paid my mortgage off ten years early to be debt free. In this climate the best decision for me. No regrets.
Then there’s property taxes and depending on where you live it can be a reason not to own a home.
@@Kunyazaforever I’m in the U.K. and we pay council tax whether we own the property or whether we are renting so it’s beneficial to own here.
@@tinanolan1485 well it’s different here. Like I said depending on where you live and circumstances owning isn’t always the best thing.
Don't cry child, you will leave it all behind