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And we were giving away tens of thousands of dollars. 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. And then one day I was late to class. I didn't have any real estate investors in my family, and I didn't know any real estate investors. They can dilute the value of our dollars with the click of a button. But a lot of times, I was there working on other things, too.. Jaspreet Singh: The focus of Minority Mindset was all about thinking differently than the majority of people. I knew I was doing things, but I was still kind of not fully certain. Now, Im writing a book about Naked Brands. That's so true. Druva is a Leader in Cloud Data Protection & Information Management. 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 was contracted by some of the biggest clubs to do their weekly parties. I just had this kind of crazy dream that I want to do something different, but everyone was telling me that I was dumb, that I was crazy. Hes not a licensed accountant, attorney or financial advisor. Jaspreet: Brands have to give back in the day if a brand a business or selling a product, their job was just to sell you a product, right? To break away from the majority mindset thinking to now start thinking differently. $29 trillion. FTX lawsuit: YouTubers 'Meet Kevin', Graham Stephan and Minority So I was like, whats my guarantee? I was never into partying. And if that ever happens, people will run away from dollars because they realize that their dollars are just pieces of paper. If you want to understand money, whether you want to be an entrepreneur or just have that sort of financial education, you have to be willing to ask the question why' and the majority of people will not. Dr. Jim Dahle: The federal reserve bank is going to keep printing money because that's what they do. Jaspreet Singh: And everybody was like, Hey, you should start a social media page. I love real estate because real estate provides me with consistent cash flow. I had taken all the pre-med classes. Its like, how did this happen? Thank you to those who are leaving us a five-star review and telling their friends about the podcast. 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. Tell us about that conversation when you broke it to your parents you weren't going to go to medical school. And you're seeing the same thing there because they live digital lives. Jaspreet Singh: And a lot of people, the majority of people, are not willing to ask that because it's a painful question. Then I have an active strategy in the stock market where now I look for undervalued companies, Im looking for companies that I believe that I want to own for the long-term. If you use . Jaspreet Singh: And that they're trying to manage inflation to control inflation. It is never too deep. I would much rather say I tried and I failed and it wasn't for me than say, What if I did something else?' It can't stretch as far. Because inflation again is when the value of a dollar goes down. And the first thing that came to my mind were wet socks. And then people would say, Oh my God, dude, I really like your content. Get your tickets today! I love that quote. You are a first-generation American. Jaspreet Singh: As the champion, you will receive a Lifetime WCI T-shirt and, if you send us a picture of your class with the book, a WCI Yeti Tumbler. We would like to show you a description here but the site won't allow us. The Minority Mindset has nothing to do with the way you look, your ethnicity or your skin color. And this is what so many people do not understand. His topics include real estate investing, getting rich during a recession, and helpful moneymaking habits. But it wasn't something that I needed in order for me to go and make money after, because I was working on so many other things. Awesome. Hey, it's a lot easier to do what you love. You've got the ear of 30,000-40,000 doctors and other high-income professionals. I wanted to do it because I thought it would make me successful. Market Insiders He is still practicing. So then I was like, well I dont know if Im going to listen to my dad here. So, our dollars are backed by the United States government, which is backed through our economy. All I need to do is become a doctor. I used to work at Indian weddings, playing a drum called the dhol. What are you saving? I never once learned how I could use my money in a way to give me financial freedom. I'm like, Well, English is my second language. Jaspreet: Casey Neistat, a YouTuber who has created a whole world of influence around his channel and himself just living his life. No one in my family was an entrepreneur like that. So how about instead of going to the parties, start hosting them. Although he didn't receive any formal financial education - he's on a mission to make financial education fun and accessible. That way you can get paid. Jaspreet Singh: I did internships. But at the same time, you have to look at the broader picture. And so I think its partially just being you. So, I was like, This is easy. There's a clear philosophy running through all of those assets. So, that business was growing. Success Leaves Clues - Jaspreet Singh - Minority Mindset #motivation # Gold is a representation of value because it takes time, effort, and labor to mine gold. Let me try that. Where can listeners go if they want to learn more about you and what you are teaching? But the problem with deflation is that it means the government has to now pay back the $29 trillion with more expensive dollars. It was really cool and I never thought about it like that until I thought. The money you make from a job and more specifically earned income from high income earners, A.K.A. Jaspreet Singh: Because there are so many other layers of fat along the way. When somebody goes out and they mine gold, they have real money. And I'm going to try to copy them every chance I get. So, you work hard, you make money. I had no idea what to expect in college because my parents didn't go to college here. Dr. Jim Dahle: You need to know how to invest your money. There was no concept of waste in India at that time because you didn't have anything that you could waste. And the savings that you have in the bank account, can't buy you the same things that they could before. He started the Minority Mindset YouTube Channel as a hobby to teach others how to not make the same mistakes he made. https loop pointrecognition com login south I mean, it plays a part. Minority Mindset | LinkedIn I started out there and that kind of developed the whole majority mindset versus minority mindset thinking with a majority people like going to parties. You got time and you need to understand it. Some of them will go nowhere, but most of them will fail. And it's funny because when I started, I didn't start Minority Mindset with the intention of making money. YouTubers Get Sued For $1,000,000,000 : r/Coffeezilla_gg - Reddit Dr. Jim Dahle: No one in my family was an entrepreneur. That part was very hard, but it was kind of that stubbornness that I had that got me through it because I knew that I wanted to do something different. That business grew while I was in college. Should YOU be a business owner? @tombilyeu . . . # - Facebook If you're doing something that you hate, it's never too late to change. If you follow what the majority of people do blindly, you are pretty much guaranteed to fail. This was a great time. I had calls coming in from my uncle. They have layers upon layers upon layers of administration. Read Paying Off $123K of Student Loan Debt in 1 Year Revisited - 5 Year Anniversary by with a free trial. I haven't licensed any technologies. I step in a pothole on the way to class. Jaspreet Singh: He was one of the keynote speakers at the event, gave a fantastic talk and has put together some awesome resources. Well, if your pay doesn't matter, then tell your boss not to pay you. That was the incentive for me where Yeah, I can make that sacrifice. Freshman year, I started knocking on doors at clubs, venues, and bars, asking them, Hey, can I host a party here?' The United States government is not a for-profit entity. And I started to ask myself, Why? Build your wealth, buy what you can afford. That's how it started off. Jaspreet Singh is a serial entrepreneur, . Jaspreet Singh: And second, I knew that if I go to law school, I can go to law school part-time. And the way they do that now is by either showing pictures of it on social media or going out and going into debt to buy things that they can't afford. I pitched that off the top of my head and when I sat down and I was like, Wait, that's kind of a cool idea.' I could not do that with myself mentally. SPI 565: Behind the Minority Mindset Brand and Empire with Jaspreet Singh Jaspreet Singh Email & Phone Number - Shiva Fas.. | ZoomInfo They ran away. As more and more money is printed by the federal reserve bank and the government, more dollars enter our economic circulation. Market Briefs exists as a separate entity from Minority Mindset. You've mentioned a lot of assets and investments, and that you invest in real estate. Jaspreet Singh , Founder, Minority Mindset & CEO, Market Briefs Headshot of Jaspreet Singh Jaspreet Singh The Minority Mindset & CEO, Market Br. I have no problem if somebody wants to spend $500,000 on a car. Yes, thats a pretty good gig they've got with inflation running 5% and borrowing 2%. There are so many ways for you to take care of yourself financially. Jaspreet Singh: It opens up possibilities for people who are willing to think different and do things different. Jaspreet Singh: Jaspreet Singh of the Minority Mindset | White Coat Investor It's burdening young people. So, I can get paid. Jaspreet Singh: Jaspreet Singh - Trivia, Family, Bio | Famous Birthdays We publish blog posts there every day. You've mentioned a lot of assets and investments and that you invest in real estate. Why do you think that resonates? And it wasn't like a nice peaceful journey east. So, if I want to become a doctor and I want to get the best financial return out of being a doctor, how do I do that? I didn't like the industry. Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. So, I can get paid.'. And so theyre driving traffic in because of people who want to learn how to sell on the Internet at that right there, they have their backend product, which is, well, if you want us to do it, uses our platform. And you can give directly. And if you were a Sikh, somewhat of my religion and you were on the west side of the Punjab, you had to now migrate east, otherwise you were going to be killed. And I was going crazy studying for it. Tell us about what you invented. I didn't have to worry about paying for law school because my business had paid for it. Because the only reason why our dollars have value is because the government says they have value. And if you continue to follow the majority's advice, this is what I like to call it, the traditional advice, you're going to be broke. It's great to get people that you don't necessarily think about in the White Coat Investor community on the podcast and just hear their views on money and finance and mistakes that people are making. I have a passive strategy where every week I have money going into ETFs that give me exposure to the general stock market. He was one of the keynote speakers at the event and has put together some awesome resources. Let's talk about some of the things you teach on your channel. I'm not trying to get into politics, but it has a lot of fat in there. So its been a blessing, with a really unique beginning. When I came to college, I wasnt much of a partier. Then I invest in stocks because I believe in the American economy, although we have issues and concerns. Look, I love giving back. I think it's great if you spend money on dumb things, but you have to be able to afford it first. I decided to go with it. Give us $10,000. And now Minority Mindset is one of the fastest growing financial education and media companies on the internet. Then I invest in startups. I used to speak especially in Detroit public schools. Its somebody I just met recently. Just that title people want to know what are the money habits that are keeping me poor. And then I invest and I own commodities like physical gold, because that is real money. Cryptocurrency is the people's movement of money from the bottom up, unlike our dollars, which are controlled by a central authority, the fed reserve bank. We'll just take a percentage of the revenue that you generate from cover, the money that you charge to get in.'. Hope I don't sound too nasally today. The whole idea being you had to think differently than the majority of people. The company was registered on 2013-08-29 and it is approximately 9 years years old. What if there was a way that you could walk through the rain and not have to worry about your feet getting wet? And it did really well, but that was actually the reason why I created Minority Mindset because when I launched that water resisting sock company, I was scammed by a fake marketing company. I renovate them. I shut it down because I did not see myself doing that long-term. Well, why am I getting a good job? Or it's not that big of a deal. Minority Mindset provides videos, articles, and resources on how to make, save and invest money. Absolutely. And as soon as I gave them the money, I never heard from them again. Minority Mindset, LLC - Northville - Michigan - BusinessWiki.info I was just the worst. Dr. Jim Dahle: He said once I was a doctor, I would be financially free. What have we not talked about today that you think they should know? Jaspreet Singh Net Worth 2023: Wiki Bio, Married, Dating, Family I said, You're telling me I can get paid for this? And now all of a sudden, I just started generating revenue just because I didn't know that I could do that. Now we cant control it. Jaspreet Singh: And then people would say, Oh my God, dude, I really like your content. Second, it's so hard because you keep getting screwed over because I didn't have any sort of guidance. I didn't know any real estate investors, but I was like, I'm going to invest in real estate. Tell me about that. The United States tax law has legal tax loopholes, which give certain types of income tax breaks over other types of income. I was 19 years old. The only way that they can pay this money back is by creating more inflation. And I started to really think differently because I was always told that if I became a doctor, that everything would just work out. You must be registered by December 1st, if you want to get the swag bag. Jaspreet Singh: How do you think about improving on Youtube? But the cost of things are not going to stay the same in three years. Im a sarcastic person and Im not too funny, but Ive tried to throw in with jokes here and there. I never had a mentor. We'll see you next week on the White Coat Investor podcast. Why did we do certain things? But just understanding that if you can build wealth yourself, if you can understand how to use your money, you can give back and you can help out in many different ways. Sometimes you have to cut the noise, put your head down, and remember that you're making progress at your own pace. Is it to get a good job? In addition, Singh is offering his brand new e-book, Get Richer Sleeping . It seeped through my shoe. Minority Mindset - YouTube Look, you have one life to live. And now we've grown it to something a whole lot bigger. Jaspreet Singh: 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. But Minority Mindset is my passion. I had no idea what I was doing and I ended up putting an offer. So I decided to start looking at rental property. Has a heavy real estate focus for sure on the blog, but also some other methods of passive income. Then I have an active strategy in the stock market where I look for undervalued companies. We do this by sharing videos, articles and resources on how to make, save and invest money. And that's why you need more financial education.. I shadowed doctors. So you introduce yourself and then say Im here for the job attribute. I didn't mind that because first, I didn't really know what I was going to do with my life. And fortunately for me, this was at the bottom of the 2008 real estate crash. That's why you will continue to see more inflation. Together, well cross industries, speak with experts around the world, and explore the past, present, and future of Naked Brands. The price of everything is going to keep going up. This is for non-necessities, things that you don't need to survive. I started to really think differently because I was always told that if I became a doctor, that everything would just work out. I ended up hiring a marketing company that made me a whole bunch of bold promises. We were walking down the street giving away $200 to people who could answer these financial questions. How do you think the government works? You can buy more things with your paycheck. Which means if I go to law school part-time, I can run my businesses full-time. And the reason why I call it that is because you have to really be willing to think differently. Tell us about what you invest in? Some docs are overworked. That was the one thing that really kept me going was I knew that when I was 65 and I look back, what am I going to ask myself? You can check us out on social media as Minority Mindset. Can you please start a blog?' I learned how to live below my means because we were never poor, but we were always like penny pinchers in the sense that Why would we take two cars when we can stuff eight people into one five-seater car? Jaspreet Singh: Jaspreet saw an opportunity. I never once learned to think about building wealth. It's a fascinating story. Now it sucks for doctors. Dr. Jim Dahle: The economy is crashing. Jaspreet Singh: Minority Mindset - David Perell A growing interest in investing led him to YouTube where his channel Minority Mindset now has close to 650k subscribers. Yes, that's correct. It happens consistently. But something in the back of my mind told me that wasn't true. Jaspreet Singh: Although he didn't receive any formal financial education - he's on a mission to make financial education fun and accessible. And so, I grew up with that understanding of don't be wasteful. https loop pointrecognition com login south I graduated from law school, and I never worked a day as an attorney because I continued to just grow my business. Jaspreet Singh: I was already running my own business. I spent a while creating the technology. I never said it was everything, but it plays a part in your life and you have to understand money. I think it's great if you spend money on dumb things, but you have to be able to afford it first. He hails from Batala near Amritsar, Punjab. 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. What started as a YouTube Channel dedicated to simplifying financial health and educational content has turned into a movement. Don't waste your time doing something that you don't care about or something that you don't like or something that you don't love. And the first thing that came to my mind was my wet socks. I told my dad that I want to invest in real estate. Doing less meaningless work so you can focus on things of greater personal importance is not laziness.. I was running these businesses in secret because if my parents found out they'd be very angry. Note:You can keep up with the series by subscribing to my Monday Musings newsletter. 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. Minority Mindset Jaspreet Singh overall profits are growing every day, and he is also becoming more popular. And some people will say, Oh, well, it is my duty to take care of people and pay taxes. And so, my dad decided to get me a tutor. But I bet you learned some important financial lessons from parents that had that sort of a background. And now I create consistent predictable cash flow and it comes with legal tax breaks. When you don't have to struggle and worry about how to pay the bills. And that's where I started learning more by asking that question of why. But the cost of things are not going to stay the same in three years. It's the same reason that people will live paycheck to paycheck to drive a BMW. Nothing happens overnight, but anything is possible. This happens every week, whether the market is up or down, it happens consistently. Jaspreet Singh: You need to pay yourself first, buy assets, save, whatever you got to do. And you differentiate that it's not a need. And remember, locum tenens tends to trend as a godsend man to burnt out ends. And it's keeping so many people broke, but it's keeping so many other people rich at the same time. The interest rates on your bank account are paying you 0.01% a year, which means if you have $100,000 in your bank account today, in three years your bank account is going to be $100,000 and a few pennies. Jaspreet Singh was grew up in India and Kashmir. Money is a representation of value. Youre going to just blend in with everybody else if youre going to scroll past you because people have been doing it for a lot longer than you and theyve already built their niche and their space there. You have to understand that you need to be able to take care of yourself financially, but in terms of finding your purpose, in 10 years, if you don't do anything you're going to be sitting right where you are right now. Humans are looking for this innate sense of acceptance and the feeling that I need to show that I'm successful to make up for my lack of financial success. And that's what the Minority Mindset is all about. The first one on it was Don't put your paycheck on social media. And I'm not sure I've seen a lot of doctors doing that, but is that a common trend out there on social media where people are flashing the dollars after they get paid? Lesson 2 - Protect Your Assets: Estate planning, how to use legal tax shields, and asset protection strategies. Jaspreet Singh: It's the same reason why people will go into debt to go and buy a Gucci belt. I didn't have any sort of reassurance. You start to question the things that we're taught in society. Every single day, they keep doing it again and again. That way you can make smarter decisions with your money. I was like, let me, let me put something out there to help people launch a business and not get screwed over. Getting out of your comfort zone to do something that youve never done before, thats the only way youre gonna be able to grow and get to somewhere where you want to be. Just giving you a lecture on information, but was getting bored of it. Jaspreet Singh: You've got this and we can help. Jaspreet Singh: $35 per post at $7/CPM. That means you need to know how to spend your money. Singh is the author of the novel Chef (2008 Vehicule Press/2010 Bloomsbury), and Seventeen Tomatoes: Tales from Kashmir, a collection of linked . And then that grew because I got to meet a lot of the DJs. So, everywhere at Minority Mindset.. Jaspreet Singh: Dr. Jim Dahle: When I was going to school and I went through a lot of schooling, I never once learned to think about investing. And people will say, Oh, I'm not affected by that. I pitch that off the top of my head. Now were at like 350,000 subscribers, tens of millions of views. Jaspreet Singh: Because anytime they talk about raising tax rates, I joke around about this with my family, but the people that get screwed over the hardest are doctors. Same thing, I was just talking about the things that I wish I had learned.