10 HACKS To Get Rich Before You Get Old
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- Опубликовано: 5 июн 2024
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"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh
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Video host: Jaspreet Singh
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DISCLAIMER CONT'D: I'm just a random guy on RUclips so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
Success depends on the actions or steps you take to achieve it. 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.., I pray that anyone who reads this will be successful in life
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Hello Dave, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
There shouldn't be any sort of pressure on how much you have at a certain age or other metrics , as long as you have that balance in life you should be good. , A good saving discipline and getting profitable assets to invest in brought me this far to having a 7 figure portfolio. also with my adviser handling my investments and ensuring i stay on top of the market.
How did you manage to succeed? I want to invest more wisely because I have a lump sum that inflation is slowly depleting.
I’d choose expertise any day because finding the right balance between investing and living is very important to me.
@@kalineats i found an adviser that aligns with my goals- my expert Dianne Sarah Olson is well recognized you should as well do your own research
@@kalineats Look up the name Dianne Sarah Olson, read through her resume, she is well regarded in her field.
@@kalineats stuck closely to my adviser's insights and it pushed me , you can as-well research on her
I paid off my $27k 2016 Honda civic in Jan 2019 and I STILL have it cause I wanted to pay myself and save and boy do I have a lot now … PUT IN THE WORK
04 e500 Benz… I’m riding till the wheels fall off at this point.
You STILL have a 7 year old vehicle? Daaaaang lol jk. Keep going. 2016 is still "new" for a lot of people
Did the same thing with my 2017 Rav4. I ain't buying another car for a super long time.
Life's so much easier when you DON'T have car payments!
@@Only1Jabstab let’s get it 💪🏾 big money
@@jamminjimmie211 let’s gooo 💯
You are such a sweet guy… and it is touching . Your good energy jumps from the screen to our hearts. Its my powerful wish that we all grow.thank you for all the good advice . Much love and wealth to you and the ones u ❤
I listen to you every morning. You are my Hype Man! Thank you for everything you do for us!!!
I think this is one of your top videos. At least for me. Will surely watch this one a couple times.
Still driving my 2004 Toyota solara I bought back in 07. Saves me money and get to invest what I use to pay for car payments. Thanks for all you do Jaspreet
This is a very high value info, thanks. I agree we must avoid those fancy brands things, that actually do te same things as cheaper stuff
Both of my vehicles are over 20 years old, I'm a mechanic by trade so that doesn't bother me. I am finally getting to the point where I'm not spending so much money I don't have on tools and can finally focus on getting rid of my credit card debt. I have some money in the stock market and am focusing more on REITs (thanks to your info on those) than most anything else at the moment. I want to thank you for reminding me that this was just a part of the process and while it is a struggle at the moment, I know it will pay off someday.
We have an SSDI income, every month what ever is left over from our checking account which isn't much, we place into savings, isn't much each month but does add up!
I love the videos they have honestly changed my life
Excited for the Workshop coming up soon.
Yall need to remember that the first couple of years are the hardest ones because there are so many things that you have to buy first before starting to invest, you'll have to spend at least 20k on things you really need before even starting to invest, I'm talking about a car, tools, a place to live, education, health, self care products, furniture, devices, services etc... Is really a lot of things that you need to get first before investing your money, only after you have everything you need, then you can proceed with opening bank accounts, making a budget, start investing in the market, look for ways to increase your income etc... That's the part many people forget and no youtuber talks about, the setup is just as important as the financial ladder.
No! No! No... Get the SAVINGS first!
@@Munce72 you missed the whole point, you can't build a house without a full blueprint and base, the financial parts are the walls, roof, windows, doors etc... But in order to do that, you need a floor and a strong base and you must have that before even thinking about building your way up.
You are very correct, it is when you have a living; i .e, food, clothing and shelter, it is then you can save and invest.
Thanks for all you do
This is owesome my boss.ilearnt a lot from your expression of financial management skills.
Good Stuff Jaspeereet!
Thanks so much. I learn a lot from you.
As someone who has always been an employee, the delegation bit is hard... I mean, I am the one delegated to most of the time. Asking someone else to do something for me feels... really weird. And frankly, there is that expectation, and even if I don't do something perfectly, I know what I did and didn't do and why, and I generally know when I am going to make it right. Hiring someone else to mow the lawn, or do some other time-saving service for me... regardless of cost, even if it was free, it is difficult to let go of.
This is very good. Thank you.
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
I would add to that list Bryan's channel aka ClearValueTaxes and for mental health and psychology HealthyGamer
How money works feels like a doomers video. But they're are usually entertaining
Seems like RUclips or this guy deleted my comment, but I mentioned ClearValueTaxes and HealthyGamer as great additions to that list too.
Thanks for the suggestion! I will check those RUclips channels!
This guy is maybe the best no b.s. speaker on RUclips.There is no hype get Rick quick junk.
Sorry to bother Jaspreet. But did you record the workshop? I missed it
What kind of account should i put my investment money? Another savings account or another checking account?
“Talking about my generation, I hope I get rich before I get old, talking about my generation…….”
Thinking about buying gopro stocks. Should have bought Roots. Went up crazy recently.
This video was awesome, a real eye opener. I’m on the right path just needed a little motivation and insight
Brushing teeth is valuable advice for building wealth. Spending a lot of cash for dentists ain't funny.
39 years old. Not a dime on teeth repair. My parents paid for my mouth. I maintenance that for free. For now. Drink lots of milk to harden enamel
Can the TSP be considered an investment account?
Thank my friend for sharing this wonderful video
I just watched a video a financial guy posted about a young couple, her car payment is 1400 a month, his car payment is 1600 a month...And she says that's normal 🤦♀🤦♀🤦♀
Where do I start and how can I...
Is jewelry a good store of wealth like physical precious metals?
Where is the best place to first invest
I think the safest etf is RSP, sp500 equal weighted. Market cap weighting generally gives voo a higher concentration risk, though market cap weighted has greatly out performed equal weighting in recent years.
The RSP is not a good idea cause if you take some or withdraw all, you have to pay taxes on it.
awesome
With an ETF you don't actually own the stocks. You own a call on the stocks from a Bank or similar.
Jaspreet paji tell me how can I do Halal investments in market?
🇺🇸 i paid cash for my $8500 Honda Odyssey.
❤ 0:35
Right now I put 20% in Roth 401k and 20% of net goes in a separate savings account. That is my savings in case I need to buy a car.
Do what is right for you, but consider the cost-benefit analysis of saving up a down-payment for a car, and investing the rest. When you actually need a car, take out a loan with a healthy down payment, and pay it down quickly. Run the numbers for you, but likelihood is that the extra time investing more instead of holding cash for months or years on end while waiting to buy is going to pay off more than the little bit of interest paying down a car loan in a year.
It isn't always true, and it depends on how quickly you can build up that cash, and how quickly you need to buy a car, but generally speaking investing more earlier and paying down a small loan quickly is going to be better than stockpiling a large amount of cash for 1+ years sitting and doing nothing.... granted these days you can actually get a decent interest rate on cash-like savings accounts, so it may be a moot point at the moment; just something to consider though.
Debt shouldn't be used as a tool to live beyond your means, or to buy more than you otherwise would, but it can be a great tool for freeing up cashflow for investing more earlier, or for allowing more runway and time on large purchases so that things don't all hit all at once.
Nothing wrong with rewarding yourself for investing. I have a nice IWC flieger watch but it was bought with my investment returns and payed for in full. The trick here is not to go silly and overboard but if you have the discipline then that should not be a problem.
Would u buy Nasdaq? How would u spread out ur portfolio.. oh.. noooo i missed the workshop😢
Bonus hack! ❤
I need to get this one in spanish
The best way to save money in kenya
Useful tips but no time stamp too long
Love your videos your information is awesome. You talk too fast. I’m a slow learner lol. 🎉
65/20/15
I am a sales engineer so I get $18 k in car allowance per year so I have to spend it or lose it.
I dont miss a single video. 2024 was not the year to buy a new truck, thats forsure
And 2025 is not the year to buy a new vehicle.
Dropping gems
It’s true don’t buy things that you in reality don’t need my biggest spending in years is my laptop. I do need it it’s better then my phone
If Jaspreet is making "decent money", I'm making monopoly money 😭😭😭😭
DNT you have to be making some money first 🤔
The easiest way is to understand your tax bracket know what you make a year and understand the tax bracket for dividends qualified or non qualified. And youll be ok. If its to difficult then pay someone. But im speaking from a dividend income cash flow investor.😂🎉
🤔 what wrong with buying a BMW?
Nothing if you can buy it with your dividend checks. The point is buy a get me from a to b car easy on the pocket book until then.
It's not a McLaren, that's what's wrong.
That advice is only for people who are quite satisfied with Toyota or Honda and don't have to break the bank for a sensible means of transportation.
My accountant charges less than turbo tax...
Look for an accountant, people.
My man, you can easily get a better car and write it off on taxes as a business expense since you have to travel to places and your image is part of your branding.
You save and save and save. Before you know it. You're filthy rich.
Most importantly, you're very old and you ran out of time to spend the money.
lol indian ppl true
Honestly ur lecture has increased my financial IQ.