You Are Trained To Be POOR - Don't Do These 10 Things

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2 ай бұрын

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What Is The Minority Mindset?
"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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DISCLAIMER CONT'D: I'm just a random guy on KZfaq 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.

Пікірлер: 1 400

@MinorityMindset 2 ай бұрын

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@latinosalpoder1429 2 ай бұрын

Do you have this in Spanish? My co workers only speak Spanish. And I want to share this with them.

@PatienceMaybe-zg6fu 2 ай бұрын

Health care providers priceless necessities of must have a dependable auto of self independence security of best trusted experts ❤68yo 🤱

@PatienceMaybe-zg6fu 2 ай бұрын

A+ teachings JASPREE SINGH hope of so many stressed2max making smartest dollar abilities of doing a lot with a little Thanks smart teachings MINORITY MINDSET MAGNIFICENCE ENERGIESF5 CONTAGIOUS SURGICALOVEDOCHALKIN D.O PASSIONS ENCOMPASSING GENERATIONAL SUSTAINABILITY ❤PEOPLE PRIORITY LORD'S LONGSHOTS 🦅

@LisaSimplified Ай бұрын

Do you want us to report them?

@jaxripper251 Ай бұрын

Then why the fuck are you putting this content knowing you are a target

@BillyBanter100 Ай бұрын

At 70 years old I have tip to pass on regarding debt. Whatever you are thinking of buying or signing up for ask yourself this question - Do I really need it - give it the overnight test or longer. I guarantee in most cases you'll forget all about it and be richer for it.

@mhaas281 Ай бұрын

Yup. Needs vs wants

@southaussielad2496 Ай бұрын

That trick has really knocked down our families unnecessary spending.

@MrBerlikete Ай бұрын

It's what i always do! Even before a medium to small purchase

@rarebird_82 Ай бұрын

Exactly

@mattparr3038 Ай бұрын

Wise words.

@mannya_realtor 2 ай бұрын

The system profits when you’re financially stupid.

@Dawood-pi8ly 2 ай бұрын

No….they don’t teach us nor our parents what they should in school. I don’t use none of that but math. I don’t speak euro English and I use a calculator for all math on my phone so all then exercises was for absolutely nothing. They taught me to get good grades in school instead of getting good credit score grades in life. It’s the government who teaches ignorance while certain ppl have a head start in life

@casse1458 Ай бұрын

True 🎉

@joelsanderson2021 Ай бұрын

Yupp if your an idiot then your gonna always make someone richer and you gonna be poorer and always struggling

@kp61man Ай бұрын

Iprobably why public schools don’t cover that

@WOG82 Ай бұрын

Facts💯

@DrainDeSwamp Ай бұрын

Ever since I became A Minimalist things have changed. Pay Yourself Not them.. TY for the Pep talk 👍

@priscadavid8507 Ай бұрын

As a Nigerian myself, adopting minimalism have really helped me to go through the economic meant down we a facing right now.

@staywell7217 Ай бұрын

I agree. Living simply is very gratifying.

@ganymeade5151 18 күн бұрын

Absolutely. Learn not to make the rich richer. Work for yourself by saving money. Keep saying these types of mantras over and over: I am saving because, I am working for myself. I am saving to make myself richer.

@jegjrtp87 14 күн бұрын

The system is crooked

@mikeberardi3985 2 ай бұрын

This video is better then anything you can learn in school 🔥

@ROVA00 Ай бұрын

I disagree. Basic math is way more important. You wouldn’t even be able to understand this video if you hadn’t been taught basic math and language skills.

@mikeberardi3985 Ай бұрын

@@ROVA00 sounds good. Do you have tutoring available? 😎

@ROVA00 Ай бұрын

@@mikeberardi3985 no. Pick up an algebra book if you want to learn math or take a class from a local college. KZfaq is good for getting you interested in a topic but you’ll never really learn fundamentals without getting into the details and practicing problems to solidify your understanding. Watching videos is easy because you just sit back but you need to apply and practice.

@F3udF1st Ай бұрын

Grammar is pretty good to learn though.

@hizway4ne Ай бұрын

We need both!

@zacknelson8918 2 ай бұрын

I pay my cc off each and every month, I use my cc like it's my debit card, I am only spending what I can afford to pay back

@greglane3978 2 ай бұрын

Use their money, pay no annual fees. I do the same. Companies typical pay the swipe fee. And if you get cash back you are getting something and paying nothing for it. But only if you pay the entire balance in the grace period.

@TheCarsandplanes 2 ай бұрын

Glad about you. But at same time concerned this is not the default behavior of most people.

@kreuzrittergottes9336 2 ай бұрын

Same. I've never paid cc interest and they pay me over 300 annually just to use it. Plus, when someone steals the card, I'm not liable.

@jvfresh3053 2 ай бұрын

Same here, free money as long as you don’t overspend just to get points or cash back.

@darrylwalls4162 2 ай бұрын

It's not free money since you pay the bill . If you have the cash you don't need credit

@user-iu6bv8vu8o Ай бұрын

I got rid of all credit cards, paid cash for an old reliable car & sold most of the clutter in my house- I feel lite, free & energized to live a better quality of life- wish I did this much younger….

@mhaas281 Ай бұрын

I need to figure out how to declutter

@Mikey-1990 22 күн бұрын

@@mhaas281 Basically how I did it was I went through my garage and basement and asked myself do I really need this anymore, and will I ever use it again. I had a habit of hanging onto things, even though I never used them with the "just in case mindset". Pushed myself to finally throw out and sell some stuff. It was one of the best feelings ever finally letting all of that go that sat for months and years.

@zappyxp1575 14 күн бұрын

@@mhaas281 find a place to start and go from there

@geneyoung8023 Ай бұрын

You need to know the difference between your wants and your needs and the number one thing is be patient😊

@larryappleby9698 Ай бұрын

That is very good advice. Thanks!!

@heiko272 Ай бұрын

Never too late. I walked away from a 6-figure job in 2017 to do the same thing as an independent contractor at 48 years old. It was the best decisions I made in my life.

@lukeishacamp5914 17 күн бұрын

Inspirational indeed, l am looking to leave the corporate world and work for myself.

@bobmccarthy3702 2 ай бұрын

Great message, Jaspreet. Keep promoting this message; the young folks who heed your advice will be very well off in their late 50's....

@jade-oh5wn 2 ай бұрын

Unless something happens to the economy. Spend money today & save for a storm & not just a rainy day.

@UzitheSaint Ай бұрын

Yeah I’m 25, I invest in my regular investment portfolio with about $100 put into it every two weeks and then another $100 into my Roth IRA portfolio every two weeks, and before that I just split my check and save the other half.

@TVGoldMind Ай бұрын

I peeped the sarcasm 😂

@TriceeBC94 Ай бұрын

@@jade-oh5wn Yess! You said a thing right there!

@jogmas12 2 ай бұрын

If you are told to go to school to get a job you are trained to be poor

@lionesslisa8000 2 ай бұрын

Just over broke

@anthonywilliams9415 2 ай бұрын

📠

@tonyherdina9142 2 ай бұрын

Training is good for you. The right kind of training. Good to gain knowledge in your area of employment or if you're looking to better yourself.

@calvinedwards4382 2 ай бұрын

Going to school and having a job doesn't preclude a person from acquiring knowledge to build wealth. Conversely, those who do not go to school and then get a job don't all possess the keys and knowledge to gain wealth, as your comment implies.

@jogmas12 2 ай бұрын

@@calvinedwards4382 ever heard of the word, ‘generalization’ ? Someone may go to school, get an engineering degree, find work with someone else, gain some experience, but eventually quit his job and use his training and job experience become an entrepreneur and be successful. The thing is, he broke away from the norm.

@savankor2656 2 ай бұрын

Debt is a slave to the master

@SoUnDMaN831 2 ай бұрын

Technically you are the slave when you are in debt. Debt is the tool that makes you someone’s slave. But I know what you mean.

@ayaanmodi9815 2 ай бұрын

He meant the borrower is slave to the lender

@tinuthomas19 2 ай бұрын

Depends who is more powerful 😂

@nikosfarma5643 2 ай бұрын

It also says in the Bible, book of proverbs

@morningmona Ай бұрын

So Debtor or Borrower you mean.

@anthonyhayes930 Ай бұрын

These young people don't listen. It's all about being seen as something you're not

@deirdremorris9234 Ай бұрын

A lot of older people roll the same way.

@tjbjjtkd Ай бұрын

I work in a trade where we make pretty decent money, and all the older guys I work with buy brand new trucks, boats, campers, bigger houses, refinance this refinance that, while I'm sitting here trying to minimize.

@MS-Patriot2 Ай бұрын

@@tjbjjtkdthey need to compensate for their shrinking junk !

@professionalpookie Ай бұрын

@@tjbjjtkd I'll armbar you

@Mel.U Ай бұрын

I actually work with a lot of young people who are financially smart.Because as older people handed them a world full of crap so I would rethink that statement

@garneauweld1100 Ай бұрын

A man who is clear of mind. Bravo! I'm glad to see someone is thinking straight.

@errolmichaelphillips7763 2 ай бұрын

You can become wealthy in just about any country if you follow the basics. Invest heavily and live frugally.

@ROVA00 Ай бұрын

Really? Just about any country? How did you come to that conclusion?

@errolmichaelphillips7763 Ай бұрын

@@ROVA00 Because I have been to a number of countries during my lifetime, and I am aware of a number of self-made men.

@monishthomasp Ай бұрын

Correct. It’s not the country that matters. It’s your mindset. India is extremely business friendly abd startup oriented once the socialist mould is broken. ❤

@lolyakable Ай бұрын

Try in Algeria lol you can’t without delving into illegal activities (or you wait until you’re nearly 40 to get any real motion going)

@cdub5033 Ай бұрын

invest don’t spend.

@tallbrian100 2 ай бұрын

I have had a credit card for 48 years and have never paid a dime of interest.

@bobsmiley06 2 ай бұрын

And yet Dave Ramsey is still angry with you!

@saulaguilar2800 2 ай бұрын

What’s your credit limit on it

@morganhill2586 2 ай бұрын

Its called a debt card. And you've paid interest lol

@tallbrian100 2 ай бұрын

@@morganhill2586I will never carry a debit card. and I have never paid credit card interest. Its very easy just pay the balance in full each month.

@michaelellenberger3183 2 ай бұрын

@@morganhill2586if you pay it off before the due date you don’t pay interest 😮

@joeylodes 2 ай бұрын

@6:57 Unfortunately I’m disabled since 2018 … and my only income is now Social Security. I used to be a successful Chiropractor and Acupuncturist … servicing over a dozen medical offices in NY … and in one instance, gone. I wish I was smart enough then to get a disability policy like Aflac, because at least I’d know my family would be taken of, but I can’t look back , only forward. Hopefully a treatment becomes available soon. Take care of yourselves.

@sharonhunter337 Ай бұрын

May I ask what you are dealing with, because there are ways to heal you that you may not be aware of and God always heals. Take a blank notebook and write the Bible verse, By His stripes I am healed! Write and say it aloud until you fill up the notebook. God will heal you out right or He will lead you to what will really help. But do noninvasive first and natural over drugs. If you are on pain meds switch to like turmeric as a natural antinflamitory. You can do a search on the internet to find more.

@Ejiii-ey2ee Ай бұрын

Take care of yourself too please.

@TheMrsndozier Ай бұрын

Please take care of yourself! Thank you for sharing and the sound advice.🙏🏿💞🙏🏿

@crazylimbs4798 Ай бұрын

What happend bro?

@ragtimegals 19 күн бұрын

Maybe you can start some kind of KZfaq or online business sharing your knowledge about chiropractics, acupuncture and other holistic type practices? Not sure if you’re physically able but I would watch!

@allasimakova1492 Ай бұрын

I met a women who changed her corporate job to landscape designer at 45 yo. And she loves creating gardens for people! And I have so many examples of ppl who changed their career at any age to sth totally different!

@gsmith5140 Ай бұрын

I have financially backslidden in the past year. Getting back on the wagon. So glad to hear your voice again spurring me on. Thx for the videos. 😊

@leonray1112 Ай бұрын

We're living under stress-slavery

@MichaelJohnson-nz8dl Ай бұрын

Where did the stress come from its straight up slavery

@jonny777bike 2 ай бұрын

I went through a bankruptcy. After going through that I haven’t used a credit card. Although I did use it for taxes and another bill, but I haven’t used it since and I got it payed off. Now I buy stocks and etfs. I work at a restaurant and I definitely can’t afford to buy much with my paycheck.

@juneraccoon 2 ай бұрын

stick with it brother i work at a steakhouse and 2/3 of my paycheck each week goes to investing, patience

@hraith Ай бұрын

I already knew this, but I still need to hear it regularly. So... thank you.

@randallscott6 2 ай бұрын

Toyota trucks hold value. I actually made money on it

@blessingobi7164 2 ай бұрын

Same here, I made money when I sold my Toyota Corolla

@Dicktoben 2 ай бұрын

Amen

@jlseagull2.060 Ай бұрын

Trucks have values! I was searching for used trucks and they were either of high mileage or very old. And….they were not cheap. I ended up buying a new Ridgeline. Cost money, yikes, but still worth it if one day I decide to sell it as a used one.

@elmike-o5290 Ай бұрын

That’s because older trucks are the only ones with beds big enough to actually fit stuff in.

@justinarazo8857 Ай бұрын

It’s better than any F150 but not better than a Silverado or Sierra. A Tacoma is average but not valuable. 😂

@callsignprofessor Ай бұрын

As a non American, I don't have debt (except a house) and my cc is only used for insurance/safety reasons and paid off every month.

@mac1bc Ай бұрын

That's good advice for Americans as well

@wm5994 Ай бұрын

There is no "except" in the statement "I don't have debt".

@ragtimegals 19 күн бұрын

As an American I don’t know anyone who has a credit card 😮

@mac1bc 19 күн бұрын

@@ragtimegals you don't know me 😓

@gabrielsancheztorresalcala723 2 ай бұрын

I love how I though the thought (just yesterday) that if I don't buy that expensive galaxy fold, I can afford music equipment like I always wanted. Solution for a phone: cheap phone with screen protector and case.

@etechjd8260 Ай бұрын

I did not have a credit line until recently.Then when I wanted to borrow a bit of money for a deal ,the bank told me I did not have a line of credit because I had no debt. I have a credit card now and use it to a minimum and I still have no debt and i remain FREE

@zaink7037 Ай бұрын

Same here. In the UK I'm looking at getting a property though mortgage lenders don't want to give me a loan due to no credit history. Buying my fuel and telling parents to use it and put money back in my debit card so money from they goes automatically to pay off the monthly credit card charge

@yurysiamashka6749 19 күн бұрын

Banks are training people like dogs with these ratings and prey on these who miss their payment schedule . If you need to borrow money from banks you are a slave for them.

@donaldspaulding6973 Ай бұрын

Yes, sadly cars in the early 2000's were built to last and quality was a priority, especially those built in Japan. Now, only crap is available with a planned obsolescence date of around 100K miles.

@eligreg99 Ай бұрын

You mean to early 2000s and the 90s? Lol

@SuperDaveguitar Ай бұрын

A friend of mine has a 2015 Corolla with about 250k miles on it. My 2019 Corolla is running strong at 102k. Toyota had some engine oil problems in Corolas and Camrys between about 2009 and 2014 but I think they worked those out in the newest generations.

@alipainting Ай бұрын

05 Toyota Sienna just turned 200k yesterday 😄. I have a specialist mechanic, so aiming for $1 million miles. Bought used for $3,500 three years ago.

@JustRusting Ай бұрын

SIR, You should be teaching this in HIgh School, you need to teach people before they get in to debt. But thanks for putting this out there, the smart people will find it.

@2MANYCARS 2 ай бұрын

Good video, can somebody please pass this along to our government, so it can stop the crazy spending WITH printed money?? I didn't ask for my money to be devalued....

@HM-ke1qm 2 ай бұрын

Please do.

@seekertosecrets7618 Ай бұрын

20:57 I totally agree with that statement. When people get more money, they buy things to show it off as status symbols. I remember this one episode on Divorce Court where, at the time, Lynn Toler, she said that some of the lines of "Don't wear your money. Don't advertise how rich you are." Can't remember what episode it was, but I took that to heart. No one needs to know how wealthy you are. Once people find out, their true character may come out.

@VeeFoster Ай бұрын

Yes, and you find out who your real friends are.

@kreuzrittergottes9336 2 ай бұрын

We need to make social security optional, and id opt out. Fuck the government.

@helenaferreira1139 2 ай бұрын

And invest the money you would hand to the government instead!

@jacobcarlson4010 2 ай бұрын

DISCLAIMER, NOT FINANCIAL ADVICE! If you really want to say “fuck the government”, then either skip filing your taxes, or file as unemployed. DISCLAIMER, THIS IS NOT FINANCIAL ADVICE; DO NOT TAKE THIS SERIOUSLY!

@rp9674 Ай бұрын

Worst idea

@jarabee2022 2 ай бұрын

A lot of Americans don’t have a high income even w/o having a lot of debt to afford investing and/or savings. A lot of people think about leaving the USA. The USA is dying & dysfunctional giving billions to others whilst not helping out its own citizens - shame on USA 😢

@jamesbarbour8400 2 ай бұрын

UK is the same !

@SincerelyIsrael Ай бұрын

I agree.

@tobiaslewis8285 Ай бұрын

Exactly! Look at San Fransisco for Example...😢

@Mitalayeka Ай бұрын

Leaving USA to go where…..?

@radabimaram5147 Ай бұрын

It s a rescue operation do not complaining

@suefleming 2 ай бұрын

Thank you so much for the great advice!! You are so smart!! I'm very disabled and can't walk anymore. I'm INCREDIBLY FRUGAL. Doesn't bother me a bit. I love living alone. Love your channel and common sense. 👍🏼❤️

@myaccount9498 2 ай бұрын

I love your attitude! 🦋

@b_marvel_ous 2 ай бұрын

Always great advice. The need to "have it now" is what most of society, myself included, suffer from. Habit changing and extreme prioritization is essential.

@chrispy47 2 ай бұрын

The line of credit is a debt consolidation tool. It’s calculated at simple interest. You will save thousands on amortized interest. I used it to pay off cars and paying off my mortgage in 5-7 years adding chunks to the principal.

@mac1bc Ай бұрын

People who are disciplined and understand this are the ones who will be well off. Paying down principal fast is the key 👌

@MisterLowrider Ай бұрын

Good video!! Very informative!!

@ronpulcer2511 Ай бұрын

Although I never took a personal finance course in K-12, I benefited from having an immigrant mother and good math teachers. I'm retired now and have realized that personal finance is essentially applied math through about middle school. Fractions are a bit tricky and apply to interest rates, inflation rates and tax rates. Otherwise, it's mostly just addition, subtraction, multiplication and division. Although I took algebra, trigonometry and pre-calculus in high school, none of those subjects are actually necessary for basic financial literacy in the individual / microeconomic sense. Sadly, when I was in high school the minimum math requirement for graduation was one year of a class called Business Math (basically a personal finance class). I often heard some students at my large HS say they were going to skip Business Math class today and go smoke a joint in parking lot or go to bowling alley or billiards place. They also said they could get a job after graduation at a Big Three auto factory where their relative worked, so they didn't need math. I grew up near the Big D (Jaspreet knows where that is). After almost 50 years how many of those students passed on their lack of financial literacy and complaints about teachers public schools and politicians to their kids and grandkids? Great video!

@_Corsa Ай бұрын

Doesn’t matter what side of the fence you’re on. You’re either a good investment soldier, or a good debt soldier. We are constantly thinking that the satisfaction of life will be coming later when you should be in the here, now. Enjoy your life, spend freely and take no regrets with you when the curtain closes.

@Mel.U Ай бұрын

Well said

@gavinlocke5980 Ай бұрын

Really like the way you describe things gets to the point. Done very well. People should listen to this guy.

@putrinuraisya6776 Ай бұрын

Terima kaseh, sudah faham selepas mengalaminya..

@rscott2247 2 ай бұрын

Jaspreet, I have to say its really interesting to hear you address attitudes of mental health and spiritual well being stuff !

@NothingMaster Ай бұрын

You certainly have a solid logical point, and you’ve been banging on the same drums for many a years now. But what you seem to ignore are the basic human desires. People want instant gratifications. They want a taste of the “good life” NOW, when they’re still young, vibrant, and healthy; NOT 10, 20, or 30 years from now, after what they perceive to be decades of frugality, penny pinching, hard work, and wise investments on meager income sources. Many of the folks that you’re addressing are intelligent people and are aware of what’s going on, but they’re essentially poor and realize that they’ll never get rich on their current incomes, no matter what they do. So they choose instant gratifications (e.g. a nicer car on borrowed money etc.) over what they see as decades of financial sacrifices in order to have a relatively comfortable life 30 years from now. In other words: Where you see the time value of money, they see the time value of pleasure and the perks of self-delusion / self-indulgence in the Here and Now. It’s an emotional rollercoaster and an uphill battle in a tough financial ecosystem.

@perryanderson5642 Ай бұрын

And the REAL REASON A GUY IN HIS 20s, 30s, 40s, 50s, Doesn't matter the age- Wants A Nice House, Car, and Smile NOW, Is Because You Won't Get A Super Pretty Girl for A,Wife without that stuff. He is Conveniently Missing that Point here. Waiting and time going by will just have you see that Pretty Girl you want Go to some other Guy who DOES HAVE MONEY NOW. For people that don't get that, We Are Trying to Sell ourselves to these Girls that we can take care of them and Truly love them in doing so. If not we wouldn't spend the money. A Sad but True reality.

@CosmicBeing538 Ай бұрын

That’s people’s problem. Stop living for desires.

@martymartin2894 21 күн бұрын

This is true u need some pleasure when you're living from day to day aswell

@amateurnatural1573 Ай бұрын

Yes. Awesome information and video. Thank you

@lovelylexii28 Ай бұрын

Thank you for the knowledge

@user-strength10 2 ай бұрын

word of wisdom on vacations, scour and scourge for deals (black Friday/holiday weekends/etc)

@AustinMlada Күн бұрын

Those deals are usually still above MSRP by double digit percentage points; better to avoid the craziness and stress by spendung that same time doing stuff more worthwhile; austerity and being frugal can allow you to buy these luxuries without worrying about the price tag. I generally agree, but scheduled deals are a rip off nearly every time; price hikes happen often before these dates. Cost of searching for deals vs just buying the 'good enough' price on a normal day.

@chiyerano Ай бұрын

I use only cash, checks, and debit or prepaid cards for my methods of payment.

@thomasromauld6769 Ай бұрын

Simple & excellent.

@Money_and_Wealth Ай бұрын

Such a insightful video. Thank you we really needed to hear infor.

@johndavid9696 2 ай бұрын

I have five credit cards with $64k credit limit. I am planning to max everything and not pay them. I am 79 years old and have free place to stay. I live off social security with good health.

@kamaldeepjohal9372 Ай бұрын

Why max credit cards

@dariush3587 Ай бұрын

Because he is old and they won't be able to collect from him in the grave.

@mac1bc Ай бұрын

So you don't have anyone living with you? Once you are gone they will take it all and they will be left with nothing

@dariush3587 Ай бұрын

@@mac1bc not necessarily.. credit card debt is one of the hardest to collect on from a living person let alone a dead person.. trust me I've worked the profession for years.

@rp9674 Ай бұрын

Not a great idea. They will attach everything you have even when you die. Additionally YOUR action will be passed down to the rest of us to pay for! Thanks for being so selfìsh....

@usd25674 2 ай бұрын

You always do great videos, this one may be among the best. Thanks for your great work.

@jujubee90275 Ай бұрын

Thank you for teaching us! ❤

@roysandoval8230 2 ай бұрын

Thanks for the updates

@MantuMajhi-cr1vc 2 ай бұрын

I think Gala going to be the leader in the gaming section, but AMSA24Q overall high contender in most areas, tech, ecommerce etc

@tuttuttut7758 Ай бұрын

They also have these buy now pay later with no interest schemes. Untill you are a day too late. That’s when the very high interest fees kick in. People always think they can pay it off until they don’t or simply forget

@JimmyTwothumbs 7 күн бұрын

Thank you friend. Very well articulated.

@texaslineman8603 13 күн бұрын

Great Video!! Listen and implement financial discipline

@suropjitghosh8492 2 ай бұрын

I think Gala going to be the leader in the gaming section, but $AMSA24Q overall high contender in most areas, tech, ecommerce etc

@joralte5600 Ай бұрын

I quit my govt job years ago. I dont depend on banking. I dont take any loan. I run my own business dealing in cash. No problem for me. I am not feeding any bank.

@helloween76 2 ай бұрын

Great message Jaspreet!

@crystalharrison2286 Ай бұрын

Powerful words! Don’t spend money you don’t have!! I learned these six words at a young age from my mother and I’m glad I listened.

@arunjohn708 2 ай бұрын

Good information

@rabidgoon 2 ай бұрын

i understand that my car is a liability but it's also the source of my income. my 400 dollar car loan brings me a 4000/month income and i write everything off so pay no taxes. add another 300 or so per month in insurance and maintenance and i still think i'm coming out ahead. i just can't handle having a "job" anymore. i like making my own schedule and not having a boss.

@handleyobusiness 2 ай бұрын

Did you factor in repairs, maintenance, insurance, gas, registration, and depreciation? With repairs taking longer times since the pandemic, I don't think a car is worth depending on for a major source of income

@jacobawojtowicz 2 ай бұрын

These are two seperate topics. Your car is a use asset, yes it can generate revenue. Your car LOAN does nothing for you. Your whole comment is correct except in assuming you need to pay 400/month for that privilege

@rabidgoon 2 ай бұрын

@@jacobawojtowiczit wouldn’t be feasible without a loan since i lack the cash. And the cars I could afford with the cash I would have on hand would be rather unsuitable for my purposes and would likely incur increased maintenance costs.

@morganhill2586 2 ай бұрын

Repairs , depreciation. , registration will get u

@rabidgoon 2 ай бұрын

@@morganhill2586 i'll still take those over working a 'job'. Small price to pay foir not having co-workers and managers imho. Perhaps one day one of my other business ventures will take off but for now I will just have to settle for this.

@nightmistful Ай бұрын

Awesome video !!! 👍👍👍👍👍😃💯

@Kris_Stiletto Ай бұрын

Very good information.

@ihopethiscommentisntabusiv4670 2 ай бұрын

People have drumming up the "Dont get a car payment" beat for years now. If people have not learned by now they never will.

@zulikkowalski3547 2 ай бұрын

Cars are expensive

@Goodyear1776 2 ай бұрын

There are new 18 year olds every day

@jbone9900 2 ай бұрын

Beater cars suck

@stephaniepersin4222 Ай бұрын

Cars make you enjoy life, take daytrips and to not depend on others and public transportation. Cars value goes beyond its value. This week I’m going to Lake Erie using my car to get there. If you maintain your car regularly you’ll do fine and keep the car for at least 15 years. I’m getting my Jetta an oil/air filter change and rotation.

@perryanderson5642 Ай бұрын

Not having a Car in North America will handicap you trying to work a job in a city ( like Most people HAVE TO DO). And A Young Pretty Girl Will Not Date a Guy with No Car and Air Conditioning. No car in the 1800s , no one will care. No car in 2024 is basically a death sentence.

@reaccionapuertorico 2 ай бұрын

Y’all have a great day, crush it!

@audreyanderson9951 17 күн бұрын

Great message

@brotherskeeper2253 Ай бұрын

Well said. You're teaching, and I'm learned.

@SteveNanda Ай бұрын

Im from Malaysia and live in Germany. Most people here complain about cutting down holidays and dumb shit like that. I’m the bad guy if I try to shine some light having a different perspective. so I now shut up and just do my thing.

@user-ik2no7jw5g Ай бұрын

Don’t use the word old ever when describing people. Use senior or mature.

@SAM-ht5oe 12 күн бұрын

THANK YOU FOR SHARING 🇺🇸

@mitchellstanding1548 Ай бұрын

Brother, your spouting solid facts. God bless!

@SSModi852 2 ай бұрын

Very nice. The whole financial learning in one video. Love it.

@jrzjnz7573 2 ай бұрын

The new economy is more like when you get a raise, all bills go up with it and it's like you never got that raise. There's not even an opportunity to have Lifestyle Creep (spending bigger when your pay increases).

@Jimsac8 9 күн бұрын

That's the problem most people have with money. The more they make the more they spend when it should be the other way around. It should be the more you make the more you "save".

@richardmartin3127 Ай бұрын

Great stuff brother. Good mindset. Thank you from New Zealand.

@yodaz101 Ай бұрын

Well said....excellent.

@svongsa Ай бұрын

7:25 my wife always tells me the government will take care of the people. I can only laugh inside of my head 😂😂😂

@briannelson694 2 ай бұрын

Great information as always. Thank you for what you do sir

@chrissy4500 Ай бұрын

Sometimes you have an emergency and need to buy something like a hot water heater, HVAC system, or sewer issue. These are all expensive items!

@leveece Ай бұрын

Great advice! I realized these things a few years ago but I wasn't able to abide by wisdom. I was just living but now my eyes are open now.

@4DsTD 2 ай бұрын

Great info.

@jim3922 2 ай бұрын

Social security was never designed to fund YOUR retirement. It was always designed for current workers to fund retired benifets. It also was never intended to be the sole source of retirement funds for the vast majority of people. It was an emergency safe net for the few with nothing. It has become what it is because politicians raided the funds collected for other uses. And the extra funds the boomers contributed were spent. Now smaller generations can’t support them on the current level of SS tax collected. Shame on politicians of the past. Votes have consequences. We also need new politicians to lead.

@user-tf9un1dh3i Ай бұрын

Hey man thank you!

@pistolpeteu7413 Ай бұрын

Very good video thanks for information. I like it

@jimbotron70 Ай бұрын

-don't buy useless things -don't buy things you can't afford -don't struggle in debt -🏆

@EcomCarl 2 ай бұрын

This video remind us the importance of financial discipline and proactive wealth building. By shifting from a consumer mindset to an investor mindset, individuals can truly break free from the financial traps that keep them stagnant. 💸

@rudolphsmith1022 Ай бұрын

Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10:10, Mark 8:36, Hosea 4:6, John 3:16-17, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless. HALLELUJAH!

@flixnchills Ай бұрын

Great advice !

@samchim2102 7 күн бұрын

Great video!

@jree8239 2 ай бұрын

This should be required to learn in school when you are young and have time on your side!!

@christophersuzor6838 2 ай бұрын

Good way of thinking about money and life thanks Despreet for great content

@peterhumphrys 2 ай бұрын

Well stated, thank you for posting

@judy2090 29 күн бұрын

Thanks! 🎉

@TheNinjaRageX 2 ай бұрын

Jaspreet you've helped me so much, sincerely thank you

@user-ch1sx3mk8w 2 ай бұрын

It would be great if you had a deep dive on the AMSA24Q

@jchavez8765 Ай бұрын

Thank you

@sagayagambrun5149 Ай бұрын

Thank you much! I follw these rules and live comfortably in my retirement!I resist unnecessary temptation.Blessings!

@KidCigano 2 ай бұрын

My first credit card ever at young age, is at 27% . Haven’t really used it because of that reason. I want to close my credit cards

@1Charioteer 2 ай бұрын

It's highway robbery. Don't fall for the scam.

@CONRADICAL9999 2 ай бұрын

Keep and use all cards at one time yearly. Keeping your longest credit open keeps your credit score from dropping. It’s also way safer to use credit card and not debit in case of swiper scams

@SuperDaveguitar Ай бұрын

Closing them would actually hurt your credit score. Just use maybe once a year and pay off that month. Establishing a credit history gives you lower rates on a home or car loan, which can save you many tens of thousands in interest.

@Dawood-pi8ly 2 ай бұрын

I don’t have 30 years and I don’t want to try to enjoy life in a nursing home It has to be a better way than 30yrs of saving

@KuraiShine4 9 күн бұрын

Very informative and well explained video. You covered all the mistakes and traps I know of. I always try to teach some of this to my relatives and friends to no avail..