Avoid These 10 Financial TRAPS (Don't Take Advice From BROKE PEOPLE)

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  • Опубликовано: 16 сен 2024

Комментарии • 325

  • @MinorityMindset
    @MinorityMindset  Год назад +31

    Get my FREE Guide To Generating Passive Income: app.marketinsiders.com/passive-income-guide
    WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
    There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. 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!

    • @dantehedge8414
      @dantehedge8414 Год назад

      There are bots advertising a coin in your comments.

    • @ninakpham
      @ninakpham Год назад

      Where to buy physical gold?

    • @GRINDETHIKSMIXTAPESHOW
      @GRINDETHIKSMIXTAPESHOW Год назад

      Broke ppl are going to just tell u to save a bunch of liability paper lol

    • @myronhelton4441
      @myronhelton4441 Год назад +1

      Gas prices spiking down to avoid bank closures, but vacations will spike gas prices for busy motels, but motels & credit cards will do layoffs in October for a depression. Desperate banks crashing ,purposely crashing the markets for a soft landing will backfire, because they are telegraphing to depositors to do bankruns on safe banks to make the depositors money safe, but the bankruns on safe banks will make only the banks & monopolies to go broke, due to them gambling all their money in stock buybacks. There cant be bailouts with the country broke already, so the depositors money will be safe. The kicking the can down the riad, but the depression is inevitable.

    • @calisingh7978
      @calisingh7978 Год назад

      Truck is many that are not broke will give you advice but it’s still bad because they have family that has built them not themselves.

  • @darnellcapriccioso
    @darnellcapriccioso Год назад +1479

    I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

    • @ericmccormick82
      @ericmccormick82 Год назад +4

      Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

    • @tatianastarcic
      @tatianastarcic Год назад +3

      I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

    • @darnellcapriccioso
      @darnellcapriccioso Год назад +2

      @@tatianastarcic I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @tatianastarcic
      @tatianastarcic Год назад +2

      I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with ''Margaret Johnson Arndt” for about 7 years now, and she's really good. If she meets your discretion, then you could go ahead with her.

    • @jeromesand
      @jeromesand Год назад +1

      @@tatianastarcic Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.

  • @johnben9
    @johnben9 Год назад +1106

    I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.

    • @DaleHorne8
      @DaleHorne8 Год назад +2

      As with an my big financial decision, it’s important to keep your guard’s up for economic risks.
      However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe

    • @carolpaige2
      @carolpaige2 Год назад +2

      @@frankbarnes22 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

    • @carolpaige2
      @carolpaige2 Год назад +2

      @@frankbarnes22 oh! i never take this advises online seriously, but i checked Dawn Maureen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response

    • @emiliabucks33
      @emiliabucks33 Год назад

      @@frankbarnes22 Thank you for this tip , I must say, Dawn Maureen Humphrey appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

  • @user-dp1cy2ez9w
    @user-dp1cy2ez9w Год назад +527

    Boys is it best to invest in Fb44TC monthly or weekly? I'm thinking the fees will be higher if done weekly.

  • @2859abhi
    @2859abhi Год назад +4

    This is a real Sikh... Protecting people from going broke... Good work Sardar Ji

  • @SaniyeCelik-vk8yo
    @SaniyeCelik-vk8yo Год назад +558

    Fb44TC is my safety asset along with tether so i'm really glad to hear all this!! thank you very much

    • @ZezeDouglas
      @ZezeDouglas Год назад

      Could you kindly explain what type of assets these are?

    • @architjain30
      @architjain30 Год назад

      @@ZezeDouglascompletely fraud assets, especially tether

    • @monkeybean8690
      @monkeybean8690 Год назад +1

      I can explain, SPAM!

  • @rasoulhosseini24
    @rasoulhosseini24 Год назад +6

    Man, it was amazing! I subscribed you 2 weeks ago and now I follow every tiny detail you're discussing. I'm amazed at how true you are and how powerful your speeches are. Keep going on, Thank you so much for all the time and effort you spent.

  • @cryptocsguy9282
    @cryptocsguy9282 Год назад +6

    On point number one , I don't think anyone needs a financial adviser (at least not one that you need to pay for) because in the investing community there's so many people online including (Jaspreet) who are giving financial advice but who will claim not to be financial advisers because they don't wanna get sued but sometimes the FREE advice you can get is actually pretty good

  • @ChefCarter
    @ChefCarter Год назад +10

    I listen to everyone's story. You can still learn from someone who has failed. I have a story about a failed businessman. I was speaking to him about the steps to take to open a business. He was down on himself and said he can't give advice because he failed. I explained that most people don't know how to start a business. People talk about it all the time, but don't actually do it. Then I explained that although he may have failed, he also gained experience and he can learn from his mistakes and tell people how to avoid those mistakes. Next thing I know, he starts another business that is very profitable.

  • @asligok1946
    @asligok1946 Год назад +185

    Amazon released Fb44TC the first market change this year simply cus of that release 👍

  • @marcusm8009
    @marcusm8009 Год назад +5

    I killed peer pressure a long time ago. No friends, no pressure 😅

  • @PrincessPeachyTort
    @PrincessPeachyTort Год назад +4

    I appreciate your effort in putting this video togeter, good sir 😊 Thank you.

  • @harleycartley3138
    @harleycartley3138 Год назад +48

    Avoid debt. Cut costs. Building wealth is in your mindset, work on that and your financial potentials becomes exponential, develop good habits like regularly putting money away in intervals for investments .The financial market has plenty of opportunities to earn.. I made my first million from passive investing in diverse assets with the help of my adviser Susan Kay Mack..it's been a year of steady growth..

    • @chrisanthony3560
      @chrisanthony3560 Год назад

      I totally agree with you..having diverse investments is a great way

    • @donaldlocher2537
      @donaldlocher2537 Год назад

      I did read about Susan Kay Mack on the web., quite a great resume she has

    • @clairefrewman1456
      @clairefrewman1456 Год назад

      Most people shy away from discussing financial management, which will come back to bite them in the future.

  • @sifu64
    @sifu64 Год назад +1

    I always find it interesting- when I actually see broadcast/commercial TV, there's a junk food or restaurant chain commercial followed up by some pharmaceutical commercial for some level of diabetes or mental health. A new pill for the other pill - creating new consumer markets!

  • @Richardson238
    @Richardson238 Год назад +33

    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.

    • @lea5898
      @lea5898 Год назад

      The fluctuations of the market only affect those that odd coins, but traders makes money on both sides, when it's bearish they go short when it's bullish they go long... The best strategy to use in trading crypto is to trade with a professional, like Fergus waylen he understand the market quite well, that way maximum profits are guaranteed.

    • @adamdouglas9888
      @adamdouglas9888 Год назад

      Beginners shouldn't settle for videos alone, After watching so many RUclips tutorial videos about trading I was still making losses not until I met Fergus . he is now currently managing my account and i just made my 4th withdrawal yesterday

    • @georgebasonathan4784
      @georgebasonathan4784 Год назад

      You just shared a vital information that will help lots of people who desires to make profits from trading. Really, I think I will start with 3k USD when I get home...

    • @wilsonrichard440
      @wilsonrichard440 Год назад

      I think he must be very good with crypto because he has been recommended by many RUclipsrs to learn how to trade with him.

    • @Georgina705
      @Georgina705 Год назад

      Really y'all know him? I even thought I'm the only one he has helped walk through the fears and falls of crypto trading

  • @yakupgumustas1452
    @yakupgumustas1452 Год назад +199

    We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some Fb44TC Thanks for keeping us informed during this times of doubt?

  • @lenderzconstable
    @lenderzconstable Год назад +2

    Planning for an emergency is SO important. I recommend it too.

  • @discoverpakistan8565
    @discoverpakistan8565 11 месяцев назад

    After watching thousands of wealth making coaches, I undoubtedly choose u as my virtual mentor. You're doing a great favour to this world. Keep up the good work.

  • @waibosibili8546
    @waibosibili8546 Год назад +2

    Much appreciated content ❤

  • @sam_1570
    @sam_1570 Год назад +2

    Great advice! It reminds me a lot of dieting and the losing weight goal. A few will succeed and most will fail. Human nature I guess.

  • @4x4RescueThunderBay
    @4x4RescueThunderBay Год назад +3

    "Some financial advisers are not so good"..
    24 years later I just recovered from my first financial adviser.
    Never again will I make a "bank appointment".
    Love this channel, been watching and learning for a while now. I really appreciate the effort and enjoy the show 👍

  • @richhands5269
    @richhands5269 Год назад +17

    My three favorite channels: Minority Mindset, Stock Brotha, & J Bravo. Make my week complete!

  • @SpynCycle57
    @SpynCycle57 2 месяца назад

    Track every cent you spend.
    Budget (Plan the spending of every cent before you get paid).
    Spend less than you make.
    Delayed gratification.

  • @carlosgarcia8770
    @carlosgarcia8770 5 месяцев назад

    "Below". Love your honesty.

  • @rocke4804
    @rocke4804 Год назад +1

    Bro u solved my biggest fear - never listen to them who never tried ❤❤❤ love it

  • @Dave-zl2ky
    @Dave-zl2ky Год назад +7

    Investing emotionally is a big one. Always surprised by how many of us think the stock is their friend and will just go up.

  • @LordGreavous
    @LordGreavous Год назад +1

    i like to have enough to be comfortable and then invest the rest, if my wage goes down ill lower what i spend on myself inline with lowering investment, if it goes up ill only slightly increase my comfort, well because im already comfortable and bump the rest all into investments.

  • @candycoatedreams
    @candycoatedreams Год назад +4

    What's with all these spammy comments 😂😂
    As for financial education (or education in general), youtube university is an excellent place to start when you dont have a specific goal or the drive to reach the goal.

  • @ekhalekhadavid
    @ekhalekhadavid Год назад +4

    thank you, I felt like this video was made for me I will listen to it every morning to reenforced everything
    this is motivational for me

  • @TheLegend-uq1gz
    @TheLegend-uq1gz 5 месяцев назад

    I love this teaching. This is worth a lot of money.

  • @bringerofthedawn5544
    @bringerofthedawn5544 Год назад +3

    Great advice!

  • @henryamoatey3196
    @henryamoatey3196 Год назад +1

    Wow!! I love this. Thank you coach

  • @solharvester2341
    @solharvester2341 Год назад +2

    Basically they only way I can save money is be single and not travel for any holiday, or buy gifts for anyone. It's just not feasible.

  • @cobrafinancialsolutions1039
    @cobrafinancialsolutions1039 Год назад +1

    Great video!

  • @THEREALESTATEHUSTLER
    @THEREALESTATEHUSTLER Год назад +2

    Thank you sir ❤🙏🏿🙏🏿🙏🏿💯

  • @bradtke1993
    @bradtke1993 Год назад +1

    How refreshing, a video without a market brief ad

  • @2alawabidingcitzen
    @2alawabidingcitzen Год назад +5

    Man I've been preaching this for months to different people no one listen like my baby mother been telling her then she take a vacation to Las Vegas last month now this month she asking me for money to help pay her rent. 🤦🏾🤷🏽‍♂️ when I haven't been doing nothing for 6 months buts saving.

    • @SabrinaDacosta
      @SabrinaDacosta Год назад

      Saving? As long as you are paying for your own kid. Who is paying for your kid? The government? Taxpayers? Baby Momma? Easy to save if you dodge responsibility

    • @2alawabidingcitzen
      @2alawabidingcitzen Год назад +1

      @Sabrina Dacosta my son never leaves my side which is why I started a business and use him as the logo. Thanks.

  • @chelliebean5773
    @chelliebean5773 7 месяцев назад

    When I received my stimulus check I was determined not to spend them, I just treated my self to small portion of the first one. Thankfully i was able to keep them in a high yield savings account, and work monthly to add to it.

  • @healzen2055
    @healzen2055 Год назад +1

    Hey My Man!
    You have a video on investing in stocks while living on low income?

  • @danielmartin6865
    @danielmartin6865 Год назад

    Good afternoon,I have a question. How is the best way to know if my financial advisor is a good one?

  • @KenyaMitchell
    @KenyaMitchell Год назад

    I love this message but I disagree with the 0% apr assertion. I bought my car on a 0% apr loan from Mazda when I was pregnant and desperately needed a safe car. I got the cheapest car on the lot, haggled down the price, and saved so much money I paid the car off a year early. It's about not spending more once you get the deal.

  • @getinthespace7715
    @getinthespace7715 Год назад +7

    So far selling my reit investments and shifting my retirement to a money market the beginning of February has been the smart moves. I avoided over 30% losses in the reits and instead of posting losses over the last few months I'm getting almost 5% returns on my retirement and am safe for if/when the market tanks.
    If the market sells off I can buy back in and make some good returns.

  • @subpump2823
    @subpump2823 10 месяцев назад

    What kind of classes would I be looking for?

  • @TerryProthero
    @TerryProthero Год назад +1

    I'm not wealthy, but I do have a good amount of money in savings. And that alone has helped me quite a bit. I have little trouble paying my bills and always have money for emergencies. So, you can listen to other people, but you need to consider what they are doing well and what they are not doing so well. And you can learn from both. Do the things they are doing right, and avoid the things they are doing badly. In my case, I know how to manage the money I have, but I know very little about making money. In terms of spending money, my philosophy is to spend a little money on luxuries but to not go too crazy with it. So, you are always living within your means.

  • @tomdrummy4984
    @tomdrummy4984 Год назад +4

    I hope people realize that credit card interest rates are variable…………and are currently over 20%. Crazy stuff

  • @joeynyc1000
    @joeynyc1000 Год назад

    I invested $1,100 every week on fidelity 500 index fun my gold is 6 years or more im afraid to take a risk investing in a aggressive stock

  • @AlexWoahWTF
    @AlexWoahWTF Год назад

    The last one is what hits me. Keep the momentum up dudes

  • @davidx8152
    @davidx8152 Год назад

    Great podcast Minority Mindset - Is there a way you could increase your volume at time of recording. The volume level is very low and it makes it difficult to hear.

  • @ellerellerek52
    @ellerellerek52 Год назад +1

    How about making video about CBDC and way to protect from it

  • @princessunknown3158
    @princessunknown3158 Год назад

    Very true.....very true.... that's family starts from. You will miss opportunity believe me.

  • @nubiavm1747
    @nubiavm1747 Год назад +1

    Listening to you is very motivating 🙂

  • @GerardTravels
    @GerardTravels Год назад

    I got a question, how about trading, FOREX trading?, would you recommend it?

  • @jeremymeyer5552
    @jeremymeyer5552 Год назад +3

    Allot of times broke people can tell you exactly why they are broke and rich people can tell you what worked for them.

  • @MrApourv
    @MrApourv Год назад

    You have got real fresh perspective.

  • @hpstudio9968
    @hpstudio9968 Год назад +7

    i am the first viewer of this video

  • @independenceandstability9935
    @independenceandstability9935 11 месяцев назад

    Thank you for this truth Sir. God bless you 👍

  • @PCREPAIRZ1
    @PCREPAIRZ1 Год назад

    The best way to save money is to..... take good care of the things you have...

  • @rodiculous9464
    @rodiculous9464 Год назад +3

    Some platforms like robinhood specifically tap into emotional investing by having all these gamified UI features. And then they sell your order flow to the big institutional investors so they can make money off you. So make sure you understand the difference between empowering yourself and becoming a customer for someone selling you dreams of empowerment. Max kaiser's "casino gulag" really rings true here

    • @SabrinaDacosta
      @SabrinaDacosta Год назад +1

      Robinhood is a great app for beginners investors. Buy low sell high re-invest and compound that. Who cares how Robinhood makes money as long as I’m making money by compounding weekly and learning as I go. That’s a win/win for me

  • @MTXSHO9732vV8SHO
    @MTXSHO9732vV8SHO Год назад +28

    Trying to help BROKE PEOPLE get prepared to Invest is SUPER DIFFICULT 😂😂😂. They don't want to do it

    • @IRdatank
      @IRdatank Год назад +6

      Broke people: "Wealth is impossible. Nobody can buy a house."
      Wealthy people: "Spend less than you earn. Invest the difference. Put your raises to work for you instead of paying the bank."
      Poor people: "Yeah man. That's cool. So what like $20/month?"
      Wealthy people: "Minimum $200/month for your retirement."
      Poor people: "Impossible!" *Mouth full of $8 sandwich bought five times a week*

    • @Kalivermore925
      @Kalivermore925 Год назад

      @@IRdatank are you acting like eating a $8 sandwich 5x a week is a luxury lifestyle?? That’s called survival … i weigh 120 pounds am i supposed to eat less than 5x a week now?? You realize Subway used to be $5 now it’s $10 for the same sandwich … not everyone that is broke is because they eat too much avocado toast

    • @Kalivermore925
      @Kalivermore925 Год назад +2

      @@IRdatank i make $32 an hour in the same town they are building 550 Sq ft studio apartments and are charging $3,100 a month to lease … do the math and tell me where my $200 a month is supposed to come from

    • @IRdatank
      @IRdatank Год назад

      @@Kalivermore925 if you're making that much and investing $200/month is simply impossible, you need much more help than I can provide in a YT comment. I am willing to help you though, if you will let me.

    • @IRdatank
      @IRdatank Год назад +1

      @@Kalivermore925 if one sandwich costs you $8, it is an entertainment purchase. For $8 at the grocery store, you can get supplies to make a dozen sandwiches. If you cannot afford to invest for a bare minimum retirement, an $8 sandwich should be a very rare purchase.

  • @ActiveRehabMobility
    @ActiveRehabMobility Год назад

    Love jaspreet. But notice a lot of guests talking about “meme” stocks in a negative tonne. Can someone maybe for once talk about illegal shorting and all of the shady business practises of citadel which can potentially make “meme” stocks quite lucrative.

  • @ellerellerek52
    @ellerellerek52 Год назад

    Gold is not speculative investment, worst it can happen it will just grow with inflation

  • @boowest1258
    @boowest1258 Год назад +2

    I’m broke! I don’t give advice unless I hear good; reliable information about money on how to grow money from knowledgeable people like you and others who have studied the workings on how to be financial literate and financially free. Thank you for your advice because I didn’t know nothing about money but how to spend it💯Looking at your podcast is knowledgeable along with others! I give the advice you and other financially free people to others but they won’t research nor understand how to make money work for them! If your information is wrong then I guess I’m a-s out of luck anyway thank you because I know your information is informative and right💯

  • @GeorgeMendoza-i4c
    @GeorgeMendoza-i4c Год назад +1

    Thanks for taking your time to give me heads up on everything in life..

  • @chenvictor8
    @chenvictor8 Год назад

    What are your thoughts about land investing?

  • @haruko1297
    @haruko1297 9 месяцев назад

    since I really discovered you, my life completely changed

  • @amarindersandhu4664
    @amarindersandhu4664 11 месяцев назад

    Great Video 👍👍

  • @maryfrancisco8240
    @maryfrancisco8240 Год назад

    Thank you for the information. Iwant to buy gold,but dont know specific place to buy it

  • @truefinancey
    @truefinancey Год назад

    Thanks for the information I want to ask you that I want to invest in S&p 500 for long term is it a good way to get started

  • @jmicheal825
    @jmicheal825 Год назад

    And you will pause your life because you are investing I don’t agree to that , investment takes 5 6 10 years to perform well.

  • @kfk256
    @kfk256 Год назад

    Lol! I see you're giving Chipotle a break. "Sweetgreen". 🤣🤣🤣🤣

  • @Sachin-tx6qe
    @Sachin-tx6qe Год назад

    Total assets are equal to networth plus liabilities Jaspreet ty for the financial education

    • @Sachin-tx6qe
      @Sachin-tx6qe Год назад

      Make sure to look out for scams especially near the 5th.

  • @chrispowers627
    @chrispowers627 Год назад

    Is Sweetgreens one of your start ups? If so nice plug.

  • @UCzDwella201
    @UCzDwella201 Год назад

    I really appreciate your use of language. Im a first generation immigrant. I notified you speak as a collective. “Our US, our economy, we’re in a recession and so on”. You sir are more of a civil servant than most people born here! I’m listening to you and I Thank you!

  • @NITISHBHATT008
    @NITISHBHATT008 Год назад

    Tusi chaa gaye paaji.........

  • @justbeingfrank6342
    @justbeingfrank6342 Год назад

    Wait? What if the advice was not to do what they did that led to them being broke?

  • @truefinancey
    @truefinancey Год назад

    So if a person is making 3000$ from which we paid all the monthly expenses household,food and etc a even invested 400$ from it and still remain with 400$ should we save it or what to do with it?

  • @SeamusMcMichael
    @SeamusMcMichael Год назад

    Great extensive long-form video 3:06

  • @KidCity1985
    @KidCity1985 Год назад +2

    The wise , rich uncle.

  • @2alawabidingcitzen
    @2alawabidingcitzen Год назад

    Lil wayne been said don't you ever get to comfortable.

  • @ConcernedCitizen-fx7du
    @ConcernedCitizen-fx7du Год назад +1

    Don’t take advice from someone who’s always trying to borrow money from you

  • @budgetwithshelly
    @budgetwithshelly 10 месяцев назад

    Funny thing is…I got a stimulus check on Black Friday. What did I do? Nevermind…🙄

  • @lilredexptsc
    @lilredexptsc Год назад

    We went to seek out an advisor a few weeks ago and the guy did not give off good vibes at all. The weirdest thing about him was I asked about his watch he had on, I could tell it was a Rolex. He shoved it back under his sleeve and was like oh idk what kind of watch it was. Everything he said after that my mind was already out of the conversation. Next!

  • @malldemelanin
    @malldemelanin Год назад

    Basic truths.

  • @MasterYoda389
    @MasterYoda389 10 месяцев назад

    I hate how people with money always put down others as if they are some kind of beacon of excellence and special characteristics.
    Bro, you just got lucky. There isn't infinite money, not everyone can be successful all at once, we MADE society this way! Minority mindset my ass.,

  • @hakimboutarene2477
    @hakimboutarene2477 Год назад

    Some Broke people can give you advice as they can tell you what not to do. Some rich people don't manage money so well but are rich only because they are successful and do not spend all their money.

  • @ronnygranados2433
    @ronnygranados2433 Год назад

    having a girlfriend/wife/woman cost alot of money too

  • @sterlinelouisrn555
    @sterlinelouisrn555 Год назад +4

    Right now isn't the time to invest because everything is over priced.

  • @greatnessismagnificent
    @greatnessismagnificent Год назад +1

    respect

  • @rinakaur7245
    @rinakaur7245 Год назад

    Sound advice.

  • @JV-ir3zw
    @JV-ir3zw Год назад

    PC WEST BANK is going down and more regional banks will continue to go down to give way for the implementation of the New Digital Currency CBDC just as it happened in the 1800-1900s to give way for the creation of the Federal Reserve cartel...

  • @SabrinaDacosta
    @SabrinaDacosta Год назад +1

    I also don’t take advice from rich people who over leverage themselves and then lose all their properties and expensive toys when the house of cards come down. I also don’t take advice from financial advisors they don’t know Jack. I only trust myself as I can’t really afford to have my whole portfolio go down 80% and then wait 30 years for it to barely break even. What a joke!

    • @chasemytaillights
      @chasemytaillights Год назад

      Don’t over leverage yourself, if you over leverage yourself you aren’t rich. If you don’t want to invest in assets, you’re welcome to but you won’t make it rich that way. And if you aren’t looking for investing tips to generate wealth, you clicked on the wrong video anyway.

  • @livingthedream8404
    @livingthedream8404 Год назад

    Jaspreet!!! 💪🏽 🧠

  • @stevenporter863
    @stevenporter863 Год назад

    Society wants you to spend: house rich or house poor is basically giving the government a larger pool for property tax, paying the bank interest for decades, higher insurance, paying for repairs, etc. while the 'owner' paid two or three times the house value (mortgage interest) and doesn't have anything left to buy groceries or whatever because none of it is liquid. Like a luxury car owner who has no money for gas.

  • @skaruts
    @skaruts Год назад

    I wouldn't say you're wrong, but I think some things are a bit misguided here: _"stimulating the economy"_ should be understood as working, or investing in what benefits you, and not as just wasting money stupidly. If you ruin your financial stability, then you're not gonna be stimulating the economy, you're gonna be straining it, by hanging on someone else's finances. The economy works by us all contributing to produce what needs to be produced to satisfy our needs. The more we produce the wealthier we all are (wealth isn't measured in money).
    Also our economic systems (in the west) aren't really designed. It's mostly the result of people sorting themselves out. What is happening is government tampering and meddling with the economy, through subsidies, regulations, tariffs, bailouts and antitrust laws, among other things; resulting in less competition, monopolies, cronyism, higher taxes, and more.
    Although, I very much agree with you that things like stimulus checks are upside down. They do not at all stimulate the economy. The reason they exist is because the US government, like all governments, is full of charlatans that call themselves "economists". Stimulus checks will do the opposite. Taxes have to rise for the gov to have money to hand them out, so they can only strain the economy. And companies won't be making more money when everyone has less to spend. Only the few people that get those checks will temporarily spend more money, but that's about it. It's just a small spike in a revenue graph line that is lower than it otherwise would be.
    I presume that if Americans at large understand _"stimulating the economy"_ as meaning _"spending more money",_ then perhaps the -parasites,- I mean bureaucrats are to blame for deceitfully naming things after the opposite of what they're for, as they always do...
    But I think this should be set straight. People ought to be taught what actually stimulates the economy, to dispel the disinformation. It's very unfortunate that most people don't know the first thing about economics, and they're very susceptible to all the prominent keanesian and socialist BS.
    By the way, please note that the high rates of consumerism you observe in the US are most likely cultural (maybe influenced by these deceitful gov initiatives), and not a result of the underlying economic system. For example, you don't see anywhere else in the world people trampling each other to buy things on sale, despite that the economic systems are pretty similar in many countries.

  • @guccipappi278
    @guccipappi278 Год назад

    No we are all literally wanting to do what you do.

  • @TheSofaKing2.0
    @TheSofaKing2.0 Год назад

    if you miss a payment 0.0% gets jacked up to 20%

  • @Firestorm637
    @Firestorm637 Год назад

    Is LITHIUM MINING a trap. GM/Ford becoming miners in Nevada as Nevada first state to lead USA lithium race. Tesla building lithium refinery Corpus Christi. Energy side of Tesla, battery storage, up 300% catching up to Tesla Motors side. Next gigafactory(Monterrey Mexico) just across border Austin/Corpus Christi with rail availability. Nevada headed towards battery recycling capital. Tesla 2 billion capital giga Nevada. Nevada a hotbed.

  • @D4x4Bronc
    @D4x4Bronc Год назад

    Paying way too much for a home is a nice long financial trap

  • @mrjay3614
    @mrjay3614 Год назад

    Instagram culture 😂... on point amigo

  • @georgeblake2187
    @georgeblake2187 Год назад

    Great encouragement on point. always well done 👍