Thank you for watching! If you enjoyed this video, you should watch - How To Build Wealth Without Making A Lot Of Money: ruclips.net/video/zRQ2g4Qlv44/видео.html
Minority Mindset when u say invest in real state u mean buy properties to rent out right? I know it’s a stupid question.. What if you don’t have enough money to buy properties, is there any other way to invest in real state without owning a property and with a few thousand?
@@juneablaza7196 Yeah that's what he means. Depending on the country you're in, there are crowdfunding platforms that allow you to get started with smaller amounts of capital. You could also look into bird-dogging(property finding and selling contracts) or perhaps looking into doing flipping with some close friends or family, collectively, though this is a very active and typically high-risk approach(esp with your friends and family involved!). You could also look into REITs(Real Estate investments trusts), these are listed companies that hold portfolios of property, and again depending on the country, are required to pay a certain amount of the revenue produced by those properties as distributions/dividends to their investors. I have both SFHs(single-family homes) and stocks in retirements village companies as my exposure to the property market. The latter is kind of a little talked about approach to real estate exposure. With the retirement sector, depending on the company(and country), you get exposure to health care and the reliable revenue that comes with that too. My country has a culture around retirement homes which make them ridiculously profitable. Hope this helped. GL with your financial journey. All the best - Ben.
First thing that comes to mind is Real estate of course. If you have more or even the same as the guy next to you in funds but you have CASH, then you are KING.
It's not about sacrifice, it's about having a minimalist lifestyle and having money saved gives you peace of mind. Don't care if I die tomorrow or in 20 years, I can sleep well and do only what makes me happy (including work or job) because I have a safety net.
You have to learn to invest your money ! Diversify it. Invest in property dividend paying stocks business etc Your money will depreciate in value if you Let it sit there
Cough Cough andSilver Cough andDecentralizedCrypto BigCough Unfortunatly the system should've taught us to invest from the get go and not just assume people were going to magically know to handle that themselves. Unless your an "investor" (because everyone should be but it's almost labeled like a career choice) how are you going to keep with the economy
It’s amazing to see a person that is actually interested in helping people rather than just making money. Thanks jaspreet and the rest of the crew for making these videos.
@@cosmo9925 improve or decrease their quality of life one or the other. If its something needed yes definately improve. If extra and causes issues as a result can decrease quality of life...
@Jack Obrein If you have $100 and a sob story at a car dealership, of course you won't be treated like a person with $25,000 because they're businesses and they're meant to make money. They feel sympathy for your story but can't give you a free car just because.
Just noticed in the poll 25% have no savings and 31% have between $1-$999 got me thinking you could probably find $1 easily and drop it in a jar and be in the 31% bracket, shocking results but sooooo easy to remedy.
Wise words as always. I like to have my 13 year old son watch you. He really enjoys your segments as well, and I enjoy that he's learning about personal finance. He is already better educated in this area than many adults I know!
The other reason is to be frank and that is that cash does not report. If you pay cash for everything that might sound secure but if you have no way to report it and thus it won't show up in a credit report. Establishing credit is pretty important as you get older and not everything can be paid with cash. Trust me I tried paying for a car with one. I ended up paying $90 in interest. He wanted me to make 60 payments and probably another $4,000! The other advantage with credit is frankly these companies track your spending probably better then spending with cash and you can get incentives with point programs. Although I would not call it income I might get a few hundred this year to be used on holiday gifts and it won't cost me anything out of pocket. As long as you don't carry a balance you win with credit cards.
People these days just don't get it. Money truly has no value. I value the knowledge, maturity and technical application of how to make millions in actual reality as opposed to just having or inheriting millions lol once you spend it, *IT'S GONE* LMAO but knowing how to make it matters and is worth so much more...when you KNOW how to make 1 million dollars over and over again YOU WILL NEVER BE IN POVERTY!
zepcrazyfre We find all types of narcissists on these financial channels. I applaud your skill in how you twist some bs together to make yourself feel ahead lmao
The truth of the matter is by the time you retire and you have a lot of money in the bank you going to need that money for your medical expenses. Save money for the doctors and hospitals, convalescent home
If you just hold cash every year that cash will be worth less and less and the kingdom will get weaker and weaker, you have to invest in things that will strengthen the kingdom (income producing assets). Weird analogy but I am trying to keep with the analogy of "cash is king" haha.
Great vid - Basically, live off the interest, not the principle. Sometimes holding cash and highly liquid assets gives you the versatility to move on a deal, mind you.
"Cash IS King" is meant for the demand for immediate payment rather than seeking payment from customers/clients through ious or cc or other traceable means. As a business owner I prefer CASH over any other payment every time.
This was different interpretation on “Cash is king” than I’ve heard before. It’s used to refer to buying things with cash, not having cash. And almost exclusively in relation to cash vs credit. The idea isn’t contrary to the idea you presented, just a misleading title.
sence iam keeping my truck forever after i get a push bar for my truck witch is about $275 but after that iam going to set a limit for $20 for gas each week and $10 for food for lunch cuz i dont gotta worry about much except school and my car insurance the advantages of being 17
Money is currency it's supposed to flow. Throw the economy. A smart investor would take the $50,000 buy two houses with 20% down and keep $10,000 in the bank for emergency backup
So many people want to have a million dollars but a million is really not that much. A person could easily spend that in just a couple years, not even living excessively. After buying a home, paying taxes, taking care of debts, maybe helping family, etc.... a million dollars would be gone very quickly. I'd rather have a stable income for the rest of my life than have a million dollars.
What's going on brother Jaspreet! Bro, the "I quit" dance had me in tears 😂😂 I enjoy your videos, and the information you provide. Thank you sir! Many blessings!!!
Hi Jaspreet, I have been hearing, "It's cheeper to rent than to buy/own" Please what's your financial outlook on that for any income level... For I have a low paid job, & as such I don't earn very high, but I do love business. Thank you for your feedback.
I believe the "cash is king" saying comes from whenever you are buying something, not as an actual investment (where we all know cash sucks for an actual investment). In 2008 I was lucky to have had a large amount of cash around do to a recent deal. Went knee deep in investments and puchased a bunch of "luxury toys" everyone else was selling because they didn't have the CASH to pay thier CREDITORS. Cash was king of the hill then and will continue to be for purchases. Although I ageee with the gist of the video, always have some cash around.
Cash is King is really a term for investers. 1 milltion dollars cash is worth 3 million during a recession, cause you can buy real estate and stock heavily discounted and then sell after the recession. It's cash that is in reserve as leverage in a economical downturn.
Life is short?....not really. Most parents work for their kids - long term thinking. Most investors invest for the future; Long term thinking as well. Always a good video....especially a video with maraCAS
Hi Jaspreet, an idea for a future video, How to choose good IFA, I have a good job but I am working for money, I would like to try to invest but I am not the best when comes to finances, Any advice?
Having stock is nice. It's like owning a tiny bit of all of the wage slaves who work for corporate profits. Feels pretty good in a way that real estate or bonds don't feel.
What cash means now a days is having it readily available for investments like having it on a high interest online account or on stocks paying dividends there ia diferent ways to have cash and not just meaning on paper
If you plan to live off a million dollars and expect to spend only $40,000 a year, then you should place it in index funds. The general average in returns annually is about 5%. 5% of a million is $50,000 and boom! You have accomplished living off a million dollars for eternity, with $10,000 a year of extra capital. Congrats!!
A million dollars gives you $8,000 a month for 10 years but a passive $8,000 last a lifetime and also grows with inflation while the 10 million decreases in value with consumption plus inflation.
I starting ditching the cash in 2013 to stack gold and silver. To me cash is not worth saving in. Precious metals are like taking a detour and coming out the other side and you are able to convert it into the new currency or any currency or trade it directly. I would never hoard cash because of inflation.
Thank you for watching! If you enjoyed this video, you should watch - How To Build Wealth Without Making A Lot Of Money: ruclips.net/video/zRQ2g4Qlv44/видео.html
Hey jaspreet can you talk about the coming recession i know yoi know theres one coming lop
Lol*
Minority Mindset when u say invest in real state u mean buy properties to rent out right? I know it’s a stupid question..
What if you don’t have enough money to buy properties, is there any other way to invest in real state without owning a property and with a few thousand?
@@juneablaza7196 Yeah that's what he means. Depending on the country you're in, there are crowdfunding platforms that allow you to get started with smaller amounts of capital. You could also look into bird-dogging(property finding and selling contracts) or perhaps looking into doing flipping with some close friends or family, collectively, though this is a very active and typically high-risk approach(esp with your friends and family involved!).
You could also look into REITs(Real Estate investments trusts), these are listed companies that hold portfolios of property, and again depending on the country, are required to pay a certain amount of the revenue produced by those properties as distributions/dividends to their investors.
I have both SFHs(single-family homes) and stocks in retirements village companies as my exposure to the property market. The latter is kind of a little talked about approach to real estate exposure. With the retirement sector, depending on the company(and country), you get exposure to health care and the reliable revenue that comes with that too. My country has a culture around retirement homes which make them ridiculously profitable.
Hope this helped. GL with your financial journey. All the best - Ben.
@BlueDollarBull - Family Wealth & Dynasty Building thanks for taking time man..
*Cash that is invested into cash generating assets is king.*
What's your emblem, a baby in black face!? Just asking!
@@timoutten5822 Chill out bro. That's just a baby with a pacifier.
Get out of here with all that political bs.
First thing that comes to mind is Real estate of course. If you have more or even the same as the guy next to you in funds but you have CASH, then you are KING.
It's not about sacrifice, it's about having a minimalist lifestyle and having money saved gives you peace of mind. Don't care if I die tomorrow or in 20 years, I can sleep well and do only what makes me happy (including work or job) because I have a safety net.
Life is short. It’s so important to find balance and use your cash wisely on your way to reaching your financial goals. -Akeiva
Once you become a millionaire then you drop dead and your wife remarried a younger man and your children below your millions on dumb shit.
Completely agree! We need that balance to enjoy ourselves cause we do only live once...but we have to be responsible too 😁
The Bemused: Making Sense of Money 💰 Balance is for broke people.
@Thot Slayer
No spend your money before anyone else does.
*The video in one sentence:*
Don't use your money to buy luxury stuff, invest it in a smart way that will return money.
That's from a book Rich dad poor dad.
Then start using your passive income on luxury stuff!
@@bassam_salim Im thinking of buying gold items & putting away do you think thats a good idea?.
@@robertcampbell9946 nope unless it's gold stocks..
I am not a financial advisory..
Just listen if want it ;)
You have to learn to invest your money ! Diversify it. Invest in property dividend paying stocks business etc
Your money will depreciate in value if you Let it sit there
100%
Cough,Cough,gold,Cough.
Cough Cough andSilver Cough andDecentralizedCrypto BigCough
Unfortunatly the system should've taught us to invest from the get go and not just assume people were going to magically know to handle that themselves. Unless your an "investor" (because everyone should be but it's almost labeled like a career choice) how are you going to keep with the economy
It’s amazing to see a person that is actually interested in helping people rather than just making money. Thanks jaspreet and the rest of the crew for making these videos.
"He who dies with the most toys still dies!"
He who dies with the least toys still dies too! I'll take the toys.
And then all the toys go to better their family to improve their quality of life.
@@cosmo9925 You can live your life with the pleasures and trappings of wealth, or with a beggars tin cup in hand. Pick wisely!
@@cosmo9925 improve or decrease their quality of life one or the other. If its something needed yes definately improve. If extra and causes issues as a result can decrease quality of life...
The richest man in the world can’t take it with him when he goes to the grave
Perfect example Paul Allen. 😂
@Jack Obrein Ma'am, you're welcome
Sean Lunny
Yea he gives it to his family....
The Great truth 💯
@Jack Obrein If you have $100 and a sob story at a car dealership, of course you won't be treated like a person with $25,000 because they're businesses and they're meant to make money. They feel sympathy for your story but can't give you a free car just because.
Just noticed in the poll 25% have no savings and 31% have between $1-$999 got me thinking you could probably find $1 easily and drop it in a jar and be in the 31% bracket, shocking results but sooooo easy to remedy.
Properly managed leverage is king!
That's what they said in 2006!
@@DisabilityExams key word, properly
LOLOLOL
ESPN 30 for 30 did a documentary about professional athletes that are now broke. It was pretty mindblowing.
A fool is lucky to get money in the first place.
I had the Opportunity to watch that. Bernie Kosar family. Wow! 1,000 of other crash & Burn Athletes.
I love the guy who said "don't hire anyone with your same last name".
The best series in a long time. It really opened my eyes that a person can get rich ($10+ million) and blow their entire fortune.
I’m 16, i’m learning a lot
Your on the right path.
Warren Van Niekerk thank you i’ll check him out
@@realkingsimon bro I am almost 16 lmao
Lmao 😂 the quit your job dance 💃🏽. I never heard of that dance before. Oh by the way passive income is 👑.
Make your money work for you to earn more money
What do cash and your wife have in common?
Neither of them are coming back.
They both take a lot of time to get and never last long before they disappear
Go MGTOW. Don't be a dumbass
Content is king. And whoever has the ATTENTION is king !
I guess it's time to change my name
Naa, not just yet
"Passive cashflow is king"? Hmmm.
Great content. I am working on my strategy to quit formal employment this year thanks to your content
WOO!!
Life is time..balance is the key to life
Not to mention that in 30 years, your money will be worth less than half what it is worth right now. What cost $1 in 1989 would cost $2.04 in 2018.
Right now , Cash is still king. I sold my stocks and rental properties. Sitting on cash. Buying stocks 30% cheaper
Wise words as always. I like to have my 13 year old son watch you. He really enjoys your segments as well, and I enjoy that he's learning about personal finance. He is already better educated in this area than many adults I know!
The other reason is to be frank and that is that cash does not report. If you pay cash for everything that might sound secure but if you have no way to report it and thus it won't show up in a credit report. Establishing credit is pretty important as you get older and not everything can be paid with cash. Trust me I tried paying for a car with one. I ended up paying $90 in interest. He wanted me to make 60 payments and probably another $4,000! The other advantage with credit is frankly these companies track your spending probably better then spending with cash and you can get incentives with point programs. Although I would not call it income I might get a few hundred this year to be used on holiday gifts and it won't cost me anything out of pocket. As long as you don't carry a balance you win with credit cards.
People these days just don't get it. Money truly has no value. I value the knowledge, maturity and technical application of how to make millions in actual reality as opposed to just having or inheriting millions lol once you spend it, *IT'S GONE* LMAO but knowing how to make it matters and is worth so much more...when you KNOW how to make 1 million dollars over and over again YOU WILL NEVER BE IN POVERTY!
zepcrazyfre
We find all types of narcissists on these financial channels. I applaud your skill in how you twist some bs together to make yourself feel ahead lmao
Damn I need to step my game up
Exactly. A million dollars is not even that much.
Cash is king when paying for something, never go into stupid debt.
Your right that's why I don't use credit cards. Also like the old saying goes if you don't have the money for it you can't afford it.
Any advices for people that are not in the US?
Live below your means and save to invest not buy "stuff" you don't need. Also being low maintenance helps a lot
I’ve Learned a lot with your videos man!
The truth of the matter is by the time you retire and you have a lot of money in the bank you going to need that money for your medical expenses. Save money for the doctors and hospitals, convalescent home
How do I start investing and how to understand it?🙆🙆🙆
Put your cash to work! Don't leave it in the bank.
"cash is trash" - Robert Kiyosaki. Working for assets and not money is a mindset I wish I had leaving school
If you just hold cash every year that cash will be worth less and less and the kingdom will get weaker and weaker, you have to invest in things that will strengthen the kingdom (income producing assets). Weird analogy but I am trying to keep with the analogy of "cash is king" haha.
Time > Cash 💰
I think you're misinterpreting the saying. "Cash is king" means that if you have a large liquid position, you can seize opportunities easily.
The quit your job dance had me rolling
Great vid - Basically, live off the interest, not the principle.
Sometimes holding cash and highly liquid assets gives you the versatility to move on a deal, mind you.
Love dividend stocks especially in a TFSA all the gains and no taxes any the profits.
"Cash IS King" is meant for the demand for immediate payment rather than seeking payment from customers/clients through ious or cc or other traceable means. As a business owner I prefer CASH over any other payment every time.
It's not only about the size of the number on the bank statement. It's how you use it!!!🤯
This was different interpretation on “Cash is king” than I’ve heard before. It’s used to refer to buying things with cash, not having cash. And almost exclusively in relation to cash vs credit.
The idea isn’t contrary to the idea you presented, just a misleading title.
Having pieces of paper is good, some might even use plastic. But I’m a huge fan and focus on cash flow. That determines how well you really are 👍
I love this guy, you motivate me everyday
sence iam keeping my truck forever after i get a push bar for my truck witch is about $275 but after that iam going to set a limit for $20 for gas each week and $10 for food for lunch cuz i dont gotta worry about much except school and my car insurance
the advantages of being 17
There is only one problem with your story, the banker would never call you, they would wait until you were overdrawn and then take everything.
Which is why call them first before they call you, its all a game. We just need to learn how to play.
😂😂😂
Awesome video man ✅✅passive all day
Money is currency it's supposed to flow. Throw the economy. A smart investor would take the $50,000 buy two houses with 20% down and keep $10,000 in the bank for emergency backup
A smart investor buys a house with no credit, no money, no experience...
That 's what the gurus say.
But try that in real life.
I thought Jaspreet started smoking weed from the thumbnail! Lmao
krazed98 he was, weed is king now 😂😂😂 jkjk
So many people want to have a million dollars but a million is really not that much. A person could easily spend that in just a couple years, not even living excessively. After buying a home, paying taxes, taking care of debts, maybe helping family, etc.... a million dollars would be gone very quickly. I'd rather have a stable income for the rest of my life than have a million dollars.
Money doesn't grow on trees. Keep cash flow.
So true !
Having a minority mindset is king now 😎
🔥🔥🔥
KNOWLEDGE IS KING
And ACTION
Man you make this things sounds very easy... everyday I watch one of your new or old videos.. you are awesome jespreet, keep doing your thing!!
There are times in economic downturns, when it is very beneficial, to have a large cash position. That way you can take advantage of "sales".
I dont want to retire rich...i want to be rich all the time
Can someone make a GIF of Jaspreet saying "I QUIT I QUIT I QUIT"
Would professional personal finance advisors agree with your advice?
Cash does not retain value! Invest in appreciating assets
What's going on brother Jaspreet! Bro, the "I quit" dance had me in tears 😂😂
I enjoy your videos, and the information you provide. Thank you sir! Many blessings!!!
Cash is king, when there is an investment you want to buy. Do not waste your golden servants, put them to work.
Enjoy your money. Just enjoy your money responsibly and don’t spend to impress others.
Damn it, that means I shouldn't buy a McLaren 600LT. I knew Jaspreet would stop me.
I love listening you.
Thanks for providing well informed knowledge.
Dear, Boss. Please hire me, repeat 3x.
😂😂😂
Thank you Jaspreet.
Hi Jaspreet, I have been hearing, "It's cheeper to rent than to buy/own" Please what's your financial outlook on that for any income level... For I have a low paid job, & as such I don't earn very high, but I do love business. Thank you for your feedback.
Cash is queen. Knowledge (how to make cash) is king.
So how many uk people did'nt get the handouts you got????
PASSIVE INCOME!!!
There's absolutely NOTHING more valuable that a person can do financially than to create passive income!
Great video, time to read your ebook
I believe the "cash is king" saying comes from whenever you are buying something, not as an actual investment (where we all know cash sucks for an actual investment). In 2008 I was lucky to have had a large amount of cash around do to a recent deal. Went knee deep in investments and puchased a bunch of "luxury toys" everyone else was selling because they didn't have the CASH to pay thier CREDITORS. Cash was king of the hill then and will continue to be for purchases. Although I ageee with the gist of the video, always have some cash around.
Cash is King when purchasing investments.
I'd rather have 5 properties and owe $80,000 on each of them, than 1 property debt free.
Leveraging.
Great video. Thanks. Worth sharing. New king in the house #cashflow
Wow....He really gave that high note an effort....:D
LMAO 2:03 HAHAHAH 0 to 100 Real Quick hahah
How long have you been saving those props for
I love your work
Cash is King is really a term for investers.
1 milltion dollars cash is worth 3 million during a recession, cause you can buy real estate and stock heavily discounted and then sell after the recession.
It's cash that is in reserve as leverage in a economical downturn.
You went to Wayne law? Any tips on practice building
Life is short?....not really. Most parents work for their kids - long term thinking. Most investors invest for the future; Long term thinking as well. Always a good video....especially a video with maraCAS
Live like it's 1970. Spend less than 2x your income on your home purchase. Spend 1/3 of your income on a vehicle purchase....
I signed up for your guys news letter to get the ebook, but never received the ebook nor any emails from you guys? I also checked my spam but no luck?
That’s strange. Email us: support@theminoritymindset.com and someone will be able to help!
I love this guy.
I love the "I QUIT " song!
"Can't take it when u die, but u can't live without it"
Hi Jaspreet, an idea for a future video, How to choose good IFA, I have a good job but I am working for money, I would like to try to invest but I am not the best when comes to finances, Any advice?
Having stock is nice. It's like owning a tiny bit of all of the wage slaves who work for corporate profits. Feels pretty good in a way that real estate or bonds don't feel.
Broke idiot
Point on, 30 yrs to get to a million looool. its all about passive income. then living freely not going to work with those passive incomes.
That's it!!
Saving is for majority, minority invests and let's money work for them
Hi Jaspreet, big fan of the channel!! Could you make a video between assests and liabilities when investing?
🔥🔥🔥🔥🔥 thanks for the video's KING
What cash means now a days is having it readily available for investments like having it on a high interest online account or on stocks paying dividends there ia diferent ways to have cash and not just meaning on paper
If you plan to live off a million dollars and expect to spend only $40,000 a year, then you should place it in index funds. The general average in returns annually is about 5%. 5% of a million is $50,000 and boom! You have accomplished living off a million dollars for eternity, with $10,000 a year of extra capital. Congrats!!
Thanks for the video
Good video, 100% correct. This is why I'm trying to build up my stock portfolio and buy rental properties
At 4:02, THAT'S the note! 🎶😉😅
At 4:45 He delivers the true testament
A million dollars gives you $8,000 a month for 10 years but a passive $8,000 last a lifetime and also grows with inflation while the 10 million decreases in value with consumption plus inflation.
I starting ditching the cash in 2013 to stack gold and silver. To me cash is not worth saving in. Precious metals are like taking a detour and coming out the other side and you are able to convert it into the new currency or any currency or trade it directly.
I would never hoard cash because of inflation.
Good video