There was no money in it yet, but I liked it. You'll be wealthy. And so, your $100,000 today can buy more than what it can in three years. Outside of that they are as poor as the rest of us. Just that title people want to know what are the money habits that are keeping me poor. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The book summarizes the most important information on the blog and contains material not found on the site at all. If docs are in shock as a pandemic clock, tick-tocks, then locums is the token to unburned the burnt out broken. That's why you will continue to see more inflation. And a lot of the things that I talk about are things that I have seen or things that I have gone through. And the savings that you have in the bank account, can't buy you the same things that they could before. I took a speaking class. And then when you talk about whether it's welfare or teacher's paychecks or whatever it is, a teeny tiny, little fraction of your dollar will ever make it there, if that. I was like, Present what? But something in the back of my mind told me that's not true. I invest in stocks in two ways. Not to mention the millions of dollars you will save your classmates by getting them that information right at the beginning of their medical training pipeline. But now I mean theres so much more to selling a product and just having a product to sell. After that, our dollars were just backed by a promise by the United States government saying that our dollars have value. And to really now understand how you can build wealth for yourself. And that was really interesting because Id never done anything like that before. The whole idea being you had to think differently than the majority of people. 199. If you are not growing in a way that you want to grow, whether its financially, whether its physically, whether its mentally, or whether its spiritually; get away from it. So, our dollars are backed by the United States government, which is backed through our economy. That's my way of investing in startups. If you're willing to do it and send us a picture, we're going to send you a t-shirt and a WCI tumbler. It's a crazy system, isn't it? Life and early career. And what's interesting is the single type of income, which has the least tax loopholes, which has the highest tax rates are earned income. What dumb things do people spend money on? But at the same time, you have to look at the broader picture. Jaspreet Singh: If you have any issues, call us. I didn't have $10,000. And money was taboo when I was growing up. Some docs are overworked. David: You bought your first property during the financial crisis when you were 19 years old, if you could just walk through that story. And as soon as I gave them the money, I never heard from them again. But the question that I have is who's going to make the best use of your money? I took the MCAT on August 22, and then on August 23, I closed on my first investment property. Those of you watching this on YouTube, I do appreciate it, but I know I'm not the best YouTuber in the world. Jaspreet Singh: Because there are so many other layers of fat along the way. He's very animated and his main mediums are YouTube, is a big one. This book project requires an extensive research process. Jaspreet Singh: So after I got scammed I was like, well let me do something about it. We have a lot of doctors that follow us and a common thread that I get from doctors, especially, that reach out is something along the lines of, Hey, Jaspreet. No one screens their speakers and sponsors better than him. Jaspreet Singh: By that time, I was making good money in law school. I hope you enjoyed that interview. I had started somebody's business ideas. I worked with textile manufacturers, with manufacturers to create this water-resistant sock. I'm like, Well, English is my second language. The federal reserve bank is going to keep printing money because that's what they do. We gave every single teacher $500. Money is a representation of value. And did you ever practice law? And slowly that started to grow. It just opens up a whole new world of possibility. And just look at the next generation. Humans are emotional beings, not rational ones. To break away from the majority mindset thinking to now start thinking differently. If we are going to open up your portfolio, how much of it is in real estate and how much is in stocks or bonds or cryptocurrency or whatever? The only thing that my grandfather had was the clothes on his back and a sword in his hand. It's beyond expectations. Instead, you're paying the highest tax rates, and you also have the least deductions. We have the Minority Mindset News channel on YouTube, where we have daily finance business news updates. But on Youtube, youre getting these very close relationships with youtubers and its sort of crazy, right? Because doctors are your high-income earners. Which means if I go to law school part-time, I can run my businesses full-time. It's a fascinating story. How am I supposed to get seen? It wasn't making any money or anything significant. I advise. The United States government is not a for-profit entity. 00:50:22 And that's what irritates me is people lead you down these lies. When Im on Youtube I can actually interact with a person whos watching. That is when I started to really ask myself, Is this the right thing for me? I can help give them exposure. checkable deposits and currency are the number one asset of the us govt and are a bigger asset than student loans in 2021: https://www.advisorperspectives.com/dshort/commentaries/2021/09/27/the-feds-financial-accounts-what-are-uncle-sams-largest-assets just so jaspreet can update his information. And so then after that, our dollars are no longer backed by gold after 1971. Inflation is a hidden tax. Jaspreet believes in taking care of the community yourself rather than relying on someone else to do it for you. And then people would say, Oh my God, dude, I really like your content. Jaspreet Singh - Trivia, Family, Bio | Famous Birthdays Jaspreet Singh: All right. Jaspreet Singh: That video you put together includes some tips for people that I hadn't even thought about. And slowly that started to grow. Were hosting concerts and shows and we were doing a lot of different things and my parents, they wanted me to be a doctor, so after my second year in college I was studying for the MK, which is the medical college admission test to get you into medical school. The company was registered on 2013-08-29 and it is approximately 9 years years old. Toward the end of my college career, I knew I was not going to medical school and that I wanted to be an entrepreneur. I renovate them. Some people will say, It is my duty to take care of people and pay taxes.' You can check us out on social media as Minority Mindset. It is never too deep. Our sock company was making good money. What I try to do is just talk about what's going on. Now you're finally working. So I decided to start looking at rental property. Get your tickets today! I ran an event planning business and I was making money and I started reading money books. I like to say that people are becoming brands and brands are becoming more like people. Lesson 2 - Protect Your Assets: Estate planning, how to use legal tax shields, and asset protection strategies. Disclaimer: Dr. Jim Dahle: Fin Con is a conference for producers of financial content and resources, whether they're bloggers or podcasters or YouTubers whatever. But when I say minority, I don't mean a racial minority. Now, Im writing a book about Naked Brands. I really enjoyed talking with Jaspreet and I hope you enjoyed that interview as well. Jaspreet Singh: I never once learned how I could use my money in a way to give me financial freedom. And that's when I really started to think differently. But you could see some people that would be really creative and do different things. Minority Mindset Jaspreet Singh overall profits are growing every day, and he is also becoming more popular. Housing prices were at rock bottom. And now my family were sleeping on the roof of their home. Well, I don't have $10,000. We have all these expenses. And if you can afford dumb things then hey, be my guest, you earned it. And then all of a sudden, this YouTube channel was turning into something real. But there is a right way and a wrong way to save. As more and more money is printed by the federal reserve bank and the government, more dollars enter our economic circulation. Jaspreet Singh: Jaspreet Singh was grew up in India and Kashmir. If we just look at it from a business standpoint, a fat company is a company that has a lot of unnecessary layers of administration. I used to work at Indian weddings, playing a drum called the dhol. You are never going to be able to become rich and financially free through just spending less money. He was one of the keynote speakers at the event, gave a fantastic talk and has put together some awesome resources. Singh recently . Because now you don't get the tax breaks that a business owner gets. According to Michigan business register Minority Mindset, LLC status is Active. So, I started this YouTube channel as a hobby, just to again, talk about the things that I wished that I had learned when I was younger. Jaspreet Singh: I wanted to do it because I thought it would make me successful. Am I going to say, Dang it, I should have tried something else? And fortunately for me, this was at the bottom of the 2008 real estate crash. That way you can make smarter decisions with your money. This started actually toward the end of my college career. Why are you throwing everything away? The conference is in Phoenix on February 9-12, 2022. Because inflation again is when the value of a dollar goes down. And if you're a doctor and you didn't have half a million dollars to pay for your education, you probably have some student loans, too. It's very risky. So I was like, whats my guarantee? I just had this kind of crazy dream that I want to do something different, but everyone was telling me that I am dumb. I had no idea what that meant, but I was like, let me figure it out what this is. That is a guaranteed route to being broke because all you're doing is saving. The whole idea being that if you have $100 in the bank account, you can't afford a $100 pair of shoes. So, everywhere at Minority Mindset, essentially. In fact, the Rona is doing great. Let me clarify that I have no problem if you spend money on dumb things. To be honest, it was a really hard way to walk. And yet I'm sitting here hosting these club parties. I never had any sort of formal business experience. And that I lost my mind. Jaspreet Singh: Most people grow up with an idea of what they want to be and Jaspreet Singh was no different. Give people a reason to follow you or, or look at your content instead of somebody elses. Jaspreet Singh is the creator of The Minority Mindset. Dr. Jim Dahle: I invest my money in five places. I will try to find ways to interact with you to make you feel like youre a part of us because thats what really differentiates the Internet and kind of digital media in the sense of youtube and those type of things as opposed to tv because TV, you feel like youre so far away from this celebrity that youve never heard of. They can dilute the value of our dollars with the click of a button. Now it sucks for doctors. And did you ever practice law? Jaspreet Singh: Jaspreet Singh: I haven't licensed any technologies. And like a lot of Indian immigrants, my parents actually wanted me to become successful. His parents are immigrants from the state of Punjab, India. All of a sudden people saw their money become worthless overnight. Here's your host, Dr. Jim Dahle. Don't spend money on dumb things when you don't have the money to afford it. I can be involved with them. I was always raised with that mentality of frugalness and not being wasteful because my family in India didn't have a lot. Why did I want to become a doctor? Well, I knew I wanted to do it to make my parents happy. Build your wealth, buy what you can afford. That's what that means. Welcome back to the podcast. It was really cool and I never thought about it like that until I thought. You might be interacting with them as so many other ways that you wont with TV personalities. Now I don't like to call it an investment. You had all this interest in entrepreneurship. So, I decided, again, to go toward something that I really, really loved. We were doing shows. And he focuses a lot on boosting your income in ways that aren't going to the hospital and working. I give them a big chunk of our marketing budget. The price of everything is going to keep going up. I never had any sort of formal business experience. The whole idea being that if you got $100 in the bank account, you can't afford a $100 pair of shoes. And WCI con, December 1st is your deadline whitecoatinvestor.com/wcicon22 is where you can register for that. Jaspreet: One thing that was really interesting was the first day I went there, I had no idea what I was doing. That way you can be the person that is rich.. I never really had any guidance. Build your wealth, buy what you can afford. And then theres the big question: is it right for you? They can dilute the value of our dollars with the click of a button. Do you feel like you're a member of a minority writing for other minorities? Jaspreet Singh - Asian Heritage in Canada That way you can make smarter decisions with your money. Yes, thats a pretty good gig they've got gold with inflation running 5% and borrowing at 2%. Druva is a Leader in Cloud Data Protection & Information Management. That way they have more money to pay back their national debt. Cryptocurrency is decentralizing money, and there's also a lot of technology behind it, which makes it very powerful because it's revolutionizing the way the internet works. But the reality is people are driven by emotions. To break away from the majority mindset thinking to now start thinking differently. I was in class, paying attention, I love learning. You can check that out at physicianonfire.com. It's the mindset of thinking differently than the majority of people. I got irritated, because I didn't have any sort of entrepreneurship education and I had been scammed. And it was hard because I kept hearing that everywhere I looked. Jaspreet Singh: You're already working six months out of the year, January through June, just to pay your tax bill. And now I'm just throwing it all the way, all the sacrifices that my parents had made, all the sacrifices that my grandparents had made because our grandparents lived with us. What have we not talked about today that you think they should know? It used to be. What if there was a way that you could walk through the rain and not have to worry about your feet getting wet?'. I spent a while creating the technology. You probably have hundreds of thousands of dollars worth of student loans. And then I hit this kind of turning point where I got denied with this patent for my sock company. Because if you were in your home, there was a chance that you could have been killed. And you're probably going to see your tax bill go up. And I talk about on our channel, the smart way to save, because you will never become wealthy by saving your money. As more dollars enter our economic circulation, the value of each individual dollar goes down. Jaspreet Singh: I was just like, oh yeah, I got the job interview or just something kind of plain. Dr. Jim Dahle: I revitalize them. Every tax dollar they pay gets funneled through the politicians and the government. Its the mindset of thinking different than the majority of people. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. As opposed to deflation, which is good for average people, because now the value of a dollar gets stronger, the price of things go down and now your savings have more buying power. It costs 12 cents to print a hundred-dollar bill and the federal reserve bank can print these paper dollars on command. Now it'll probably have some changes between the time we record this and when this actually runs, but what are your thoughts on that new tax bill coming through? Jaspreet Singh: For example, when I was growing up, I was told that if I wanted to become successful, I needed to do two things, become a doctor so I can earn a big salary, and second, save as much money as possible. And so, obviously there is a time and place for government, there's a need for them. Jaspreet Singh: My sock is wet. Jaspreet Singh net worth is $850,000 Jaspreet Singh Wiki: Salary, Married, Wedding, Spouse, Family Jaspreet Singh (born 1969) is a Canadian writer.He grew up in India and moved to Canada in 1990. Jaspreet Singh: And I said, okay. That way you can get paid. I was an entrepreneur. There are so many ways for you to make money. Ill wash your brown bag. Easy. The Fed wants to see more inflation to make that debt pay down possible. Jaspreet Singh: Then I went from business to business, to business, to business, trying just a whole bunch of things. I was never into partying. We were walking down the street giving away $200 to people who could answer these financial questions. And so, I work with entrepreneurs. Well, our time is getting short. So, this is for non-necessities, things that you don't need to survive. That way you can make smarter decisions. What should I do?. Now the government doesn't have enough money to pay for their expenses as it is. He is a first-generation American with an entrepreneurial spirit that is inspiring. She was devastated. And I thought, OK, this is cool. I was like, instead of doing that, I would much rather say I tried and I failed and it wasn't for me then say what if I did something else? My uncle is telling me, Jaspreet, have you lost your mind? If you look around, it seems like case counts are dropping like crazy. I studied a lot of tax law. Jaspreet Singh lived in Toronto prior to moving to Calgary. Socks are making money. You've mentioned a lot of assets and investments and that you invest in real estate. How much car can you afford? And that's when I found out they were a scam. And Instagram's a big one for him. And so, he came to, now, the new side of India. We were doing concerts. Jaspreet Singh: Well, why am I getting a good job? Well go on this journey together you and me. And that was my first experience with any sort of real financial education, any real passive income, because now I had an asset that was paying me $600 a month in rental income. Its like, how did this happen? And our YouTube channel was growing. He is an animated guy, and his main mediums are YouTube and Instagram. Chief Executive Money Nerd at Minority Mindset Companies from Punjab, India, Jaspreet Singh has been putting in the work to spread financial education and opportunity on YouTube for years. Where can listeners go if they want to learn more about you and what you are teaching? You can check out our website theminoritymindset.com. Jaspreet Singh: You bust your butt through medical school, through residency, through fellowship. And the second thing they are trying to do now is raise taxes, especially on high-income earners, cough-cough doctors, as a way to earn more money. I knew I liked real estate and I also knew that I didn't like the event planning business because I don't drink. He was like, You're stupid. All of his family and community believed that the key to a happy, successful, and wealthy life was to become a doctor. [Rewind Episode] Jaspreet Singh is a serial entrepreneur, licensed attorney, and the founder & CEO of Minority Mindset, a financial media company & YouTube Channel with over one million subscribers and five million views per month. And I started to ask myself, Why? Tell us about that story. Let's talk a little bit more about the government. The test that you take towards the end of your college career. And again, financial education is so important. It took you forever to get there. It took my mom a year and a half to finally grasp that her son was not going to be a doctor. Dr. Jim Dahle: He wasnt going to let his dream die so he started multiple businesses while in college. You don't get the low tax rates that an investor gets. The money you make from a job and more specifically earned income from high income earners, A.K.A. But on the other hand, it is the number one asset. We got accepted. I was never allowed to talk about money. But I bet you learned some important financial lessons from parents that had that sort of a background. I'd find love. I was already running my own business. Jaspreet Singh: Jaspreet Singh , Founder, Minority Mindset & CEO, Market Briefs Headshot of Jaspreet Singh Jaspreet Singh The Minority Mindset & CEO, Market Br. Gold, silver, cryptocurrency, real estate. Now you're finally working. But I started to ask myself about my purpose and my passion. You had all this interest in entrepreneurship. He was one of the keynote speakers at the event and has put together some awesome resources. And a lot of people, the majority of people, are not willing to ask that because it's a painful question. But something in the back of my mind told me that wasn't true. Why are you throwing everything away? And they would try to turn the money to something else. And the Academic Jaspreet was the person that was home on weekends to show, yes, I'm trying to go and achieve these things in school because that's what everyone thought that you needed to do in order to become successful. If You Want To Become Rich, Take These Steps with Jaspreet Singh I can help build up a neighborhood, rent the property out. We'll just take a percentage of the revenue that you generate from cover, the money that you charge to get in.
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