You have so many layers of bureaucracy, which makes the company fat, because now it makes a dollar, but then it just spends a whole bunch of money on a lot of useless things. As more and more money is printed by the Federal Reserve bank and the government, more dollars enter our economic circulation. The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. 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. The Fed wants to see more inflation to make that debt pay down possible. David: Yes! It's just dumb. I kind of had two lives, The Academic Jaspreet' and then The Non-Academic Entrepreneur Jaspreet.'. Why are you throwing everything away? Harluxsh Singh. There are so many ways for you to make money. I put it under the alias Minority Mindset. I worked with textile manufacturers, with manufacturers to create this water-resistant sock. I would just talk about the things that I wish I had learned and wished somebody would have told me when I was getting started with financial education and entrepreneurship. We kind of hit on this, but you need to understand how to protect your money and build your wealth as a doctor. Hope I don't sound too nasally today. Tell us about what you invented. It's the mindset of thinking different than the majority of people. You just got to do something that you love.' You can check us out on social media as Minority Mindset. Jaspreet Singh Email & Phone Number - Shiva Fas.. | ZoomInfo Home - Welcome to the Minority Mindset - #RethinkRich JaspreetSingh - seva4everybody.com That business was growing. But then I also had this entrepreneurial mindset where I would now ask, 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 studied a lot of tax law. . Like my family comes from a small state in India called Punjab. My family is from that state in India. Jaspreet Singh: The Entrepreneur Jaspreet was a secret at home. And a lot of people, the majority of people are not willing to ask that because it's a painful question. You go cash in that check and you take pictures of it and you can go impress your friends. I was just upset. And fortunately for me, this was at the bottom of the 2008 real estate crash. He grew up in India and moved to Canada in 1990. So I was like, whats my guarantee? Dr. Jim Dahle: I didn't know what I was going to do with it. I had done the volunteering. I knew that I wanted to be an entrepreneur. Minority Mindset with Jaspreet Singh | Ep. 84 | Money Talk With Tiff Jaspreet Singh: So, I decided, again, to go towards something that I really, really loved. And second, you need to understand how to protect your income. Jaspreet Singh net worth Apr, 2023 - People Ai We have the Minority Mindset News channel on YouTube, where we have daily finance business news updates. Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. The conference is in Phoenix on February 9-12, 2022. 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. I had no idea what I was doing. I have a lot of trust issues now because as I started to ask why, why, why, I started to learn a lot of things that make you question the system, but you have to ask the question why, because the government and the fed will keep telling you that this inflation that we're seeing it's just temporary. And a lot of people, the majority of people, are not willing to ask that because it's a painful question. I didn't have to worry about paying for law school because my business had paid for it. You have got a fantastic story. A lot of the early businesses that I ran I had to do in secret because my parents did not want me to do anything that wasn't related to getting me into medical school. Dr. Jim Dahle: Jaspreet Singh: It's very consistent with your philosophy on money all the way through. He is the founder of Minority Mindset, 5 Water Socks, and 5 Water . This happens every week, whether the market is up or down, it happens consistently. Jaspreet Singh was grew up in India and Kashmir. Why did I want to become a doctor? Well, I knew I wanted to do it to make my parents happy. I advise. I didn't have any sort of reassurance. So, I decided, again, to go toward something that I really, really loved. Those of you watching this on YouTube, I do appreciate it, but I know I'm not the best YouTuber in the world. I invest my money in five places. Because doctors are your high-income earners. Give people a reason to follow you or, or look at your content instead of somebody elses. Every single day, they keep doing it again and again. jaspreet singh net worth - slowfoodonthego.com So, on one hand, they keep talking about how student loans are a major problem. Dr. Jim Dahle: And this is why financial education is so important because you need to be the person now that isn't living broke to make other people rich. So I came to college and everybody was partying and I was like, well I need something to do outside Friday night. And that's when I decided that I needed to tell my parents, because now I had taken the MCAT and I did decent on the MCAT but I was not going to apply to medical school. Jaspreet Singh: The majority of startups are going to fail. Dr. Jim Dahle: The majority of startups are going to fail. And now we've grown it to something a whole lot bigger. buy here pay here semi trucks in tennessee; spring hill obituaries; normal blood pressure for 80 year old woman. I'll bet there are people in our audience that face that same thing and decided to go to medical school and come out of their training pipeline at 35 and realize they really don't want to be doctors either. American YouTube star and entrepreneur known for offering financial advice through his Minority Mindset channel. But what's interesting is you have to ask why. Dr. Jim Dahle: And our YouTube channel was growing. I don't have any investments. I was already running my own business. They're coming out ahead on that deal for sure. We would like to show you a description here but the site won't allow us. The only way that they can pay this money back is by creating more inflation. Dr. Jim Dahle: The government doesn't have that incentive of trying to become profitable because they're not a for-profit entity. That business grew while I was in college. Because again, I didn't have any formal business experience. They were talking about real estate, there was a lot of rock bottom, get out now. And this is where a lot of people get angry. Our most recent review comes from Lollipoploverlulu. Knowing how to work hard is extremely important, but you need to know how to amplify that by working smart and saving smartly. You start to question the things that we're ingrained with to believe. Jaspreet Singh: Jaspreet Singh: I studied a lot of tax law. Jaspreet Singh: Dr. Jim Dahle: But that was all a lie. We need one from each class to distribute the White Coat Investors Guide for Students to every member of your class. And again, financial education is so important. So I started pitching this water-resistant sock. The Market Insiders app will give you access to live calls multiple times a month where you can apply your financial education to what's happening in the economy. Toward the end of my college career, I knew I was not going to medical school and that I wanted to be an entrepreneur. Jaspreet Singh: I made a lot of mistakes. And a lot of the things that I talk about are things that I have seen or things that I have gone through. Money is a representation of value. My parents started calling their friends. And it's obviously a bit of a play on words with multiple meanings. That social validation is such a big factor in our lives and it affects people's finances. Jaspreet Singh: Again, financial education is so important. People want some other value. Jaspreet Singh: Jaspreet Singh: Jaspreet Singh: I was like, Present what? CNN: "The BIGGEST Housing Bubble Since 2008" - What You Need To Know 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. Now the government doesn't have enough money to pay for their expenses as it is. I told my dad that I want to invest in real estate. 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. And that was really interesting because Id never done anything like that before. We publish blog posts there every day. And maybe we're talking about skins on a video game character. And this is what so many people do not understand. What do you invest in? As I started to ask why, why, why, I started to learn a lot of things that make you question the system. I'm like, Well, English is my second language. It's a crazy system, isn't it? And then when I find a good undervalued company, Ill buy it. It started off really as a hobby and then it started to grow and I hit this kind of turning point where I got denied with a patent for my sock company. There was nothing in between. The United States government has almost $29 trillion worth of national debt right now. I now had an asset that was paying me $600 a month in rental income. Jaspreet Singh: And so, it's very consistent with your philosophy on money all the way through. He's also an anesthesiologist. Another member of the White Coat Investor network is Passive Income MD at passiveincomemd.com. Dr. Jim Dahle: Well, if your pay doesn't matter, then tell your boss not to pay you. But you could see some people that would be really creative and do different things. Jaspreet Singh: So, this podcast is for your entertainment and information only and should not be considered official personalized financial advice. I did internships. CEO of https://www.briefs.co & https://www.marketinsiders.com I'm on a mission to help spread financial education. The whole idea is we are taught certain things about money. And slowly that started to grow. All I need to do is become a doctor. If you follow what the majority of people do blindly, you are pretty much guaranteed to fail. I took the MCAT on August 22, and then on August 23, I closed on my first investment property. I invest my money in five places. Jaspreet Singh is an award-winning author based in Calgary. And so, your $100,000 today can buy more than what it can in three years. That's got to be a $75 value. And second, I knew that if I go to law school, I can go to law school part-time. You can go into these video games and pay extra, a premium to get a Gucci skin on your player in the video game. Jaspreet Singh: Neither of which are my strengths. And like a lot of Indian immigrants, my parents actually wanted me to become successful. Jaspreet Singh: What's up everybody? I knew I liked real estate and I also knew that I didn't like the event planning business because I don't drink. And it is all about FIRE Financial Independence and Retiring Early. Jaspreet Singh aka The Minority Mindset created Market Briefs by recognizing that investors needed a shorthand email about current financial news that was both easy to read and engaging. It is their number one asset. Singh worked hard to get where he is and endeavors to help people earn money, save money and make their money work for them.
How Much Does Amtrak Auto Train Cost,
Shaklee Vs Standard Process,
A Desperate Trek Across America Purpose,
Strongbow 1080 Cider,
Articles J