Some of them would say, Yeah, sure. But now I mean theres so much more to selling a product and just having a product to sell. I was becoming a doctor for the wrong reasons. If you're not aware, we have some network partners. Paffrath has been named alongside a raft of other finance creators: Graham Stephan, a former real estate agent who worked for Selling Sunset's Oppenheim Group, Andrei Jikh, Jaspreet Singh of . Its a growing business, we have a whole bunch of potential things growing, although the patent fell through. Jaspreet Singh: Why are we doing the things that we do? Am I going to say, Dang it, I should have tried something else? And as soon as I gave them the money, I never heard from them again. If people are not pushing you to be better, get away from them. Ill wash your brown bag. And am I doing it for the right reasons? And I realized I wasn't. Then in the 80s, my family was in India. Go study, go become a doctor. I have a passive strategy where every week I have money going into ETFs that give me exposure to the general stock market. You need to pay yourself first, buy assets, save, whatever you got to do. Some docs are over stopped. Dr. Jim Dahle: You can buy more things with your paycheck. And it was hard because I kept hearing that everywhere I looked. He is the founder of Minority Mindset, 5 Water Socks, and 5 Water . I love coming up with product ideas. Intgration de sites Web Build your wealth, buy what you can afford. That's how it started off. Jaspreet Singh: You can check out our website theminoritymindset.com. We appreciate it though. Key clients: Nate O'Brien, Jaspreet Singh - Minority Mindset, Ryan Scribner, Marko Zlatic - Whiteboard Finance, Investing Simple LLC, Canty Financial Management Inc. & Progressive Payment Solutions, Inc. I'm also the founder of Acrux Cloud, a VPS cloud hosting solution that lets anyone leverage . Jaspreet Singh: I invest in stocks in two ways. This is where my passion was. Dr. Jim Dahle: Straighten out your financial life today! Tax the rich, this and that. Jaspreet Singh: 2023 - The White Coat Investor Investing & Personal Finance for Doctors. I could not do that with myself mentally. The Minority Mindset YouTube channel offers free advice for people who want to learn how to be more fiscally responsible. Jaspreet Singh: The Fed wants to see more inflation to make that debt pay down possible. I haven't licensed any technologies. Some of them will go nowhere, but most of them will fail. I look forward to hearing from you. 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 I sat down and I was like, Wait, that's kind of a cool idea. 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. The only way that they can pay this money back is by creating more inflation. Im looking for companies that I want to own for the long-term. Jaspreet Singh: Jaspreet Singh: Year: Net Worth: 2019: $4 Million : 2020: $4.5 Million: 2021: 5 Million: 2022: 5.5 Million: Family And Early Life In the United States, Minority Mindset Jaspreet Singh was born and raised. 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. And that's when I found out they were a scam. Tell us about what you invented. That is 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. This is not me. You need to know how to invest your money. Dr. Jim Dahle: I was a part time law student just for fun and then I did night school for acting or like once or twice a week. I advise. Why did I want to become a doctor?' Minority Mindset with Jaspreet Singh | Ep. 84 | Money Talk With Tiff Jaspreet Singh: He loves spending time guest speaking in Detroit Public Schools. [Rewind] How Having A Minority Mindset Can Help You Accomplish - Scribd Now when people look at that, when they look at Minority Mindset, I think the first thing that comes to mind is racial minorities. And I was like, None of you have any money. Where do you get your inspiration from and what sorts of things have you done to become a better Youtuber? Some of them will succeed. And as soon as I gave them the money, I never heard from them again. Hope I don't sound too nasally today. Jaspreet Singh: 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. Jaspreet Singh: Go to locumstory.comand get the answers. And you can look this up because I couldn't believe it when I saw that. Let me try that. But something in the back of my mind told me that's not true. Dr. Jim Dahle: Jaspreet: One thing that was really interesting was the first day I went there, I had no idea what I was doing. I would be wealthy and I wouldn't have to worry about anything else. And second, I knew that if I go to law school, I can go to law school part-time. But the reality is people are driven by emotions. And now on top of that, you have to pay the highest taxes. I think it's great if you spend money on dumb things, but you have to be able to afford it first. 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. For first year medical and dental students. I knew that I wanted to be an entrepreneur. It's a common thing that when people make their first thousand dollars they want to show it off. The whole idea being that if you have $100 in the bank account, you can't afford a $100 pair of shoes. How am I supposed to get seen? We're on a journey where I never would have expected that because that wasn't what I tried to do. Well, our time is getting short. If you look around, it seems like case counts are dropping like crazy. I pitch that off the top of my head. So, this is for non-necessities, things that you don't need to survive. Let's talk a little bit more about the government. And I started pitching this water-resistant sock. It just opens up a whole new world of possibility. Everybody has their own unique style. As I started to ask why, why, why, I started to learn a lot of things that make you question the system. Jaspreet Singh: Jaspreet Singh: If you got $1,000 in the bank account, you can't afford a $1,000 watch. Jaspreet Singh: So, I decided to do something different, go into entrepreneurship, and learn about many other things.. Because there are things that you can do now as a high-income earner to earn more income without you physically working, because there's going to be a day where you can't go into the hospital, can't go into the clinic to work. And in order to now balance this national debt crisis, one of the things that they're doing is they're creating more inflation to pay back this money with cheaper dollars. Hey, it's a lot easier to do what you love. I spent a while creating the technology. This is for non-necessities, things that you don't need to survive. I grabbed my backpack and was running to class. Jaspreet Singh: We do this by sharing videos, articles and resources on how to make, save and invest money. dusty blue wedding centerpieces; california vehicle registration; crawfish beignets brenda's recipe; leslie bacardi children; snake princess and medyo maldito relationship But some people would say, Sure, we won't charge you any money. 3/3/2023 11:51 AM. 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. And your family comes from the state of Punjab in India? And you're probably going to see your tax bill go up. The easiest way to understand what it means to afford is just to follow my rule of five, which says, if you cannot buy five of them, you cannot afford one of them. I didn't know what that meant. What inspired you to get into the YouTube sphere? You want to sit there and have fun and relate to the person. Jaspreet Singh likely has additional revenue sources. And that's when I really started to think differently. Just giving you a lecture on information, but was getting bored of it. Jaspreet Singh: So after I got scammed I was like, well let me do something about it. 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. I advise. Minority Mindset, LLC agent is Jaspreet Singh. Its burdening people who go to school. Why are you throwing everything away? We have all these expenses. I was an entrepreneur. Now, Im writing a book about Naked Brands. We also have the Minority Mindset Spanish channel on YouTube. Dr. Jim Dahle: Paying Off $123K of Student Loan Debt in 1 Year Revisited - Scribd We were doing concerts. There are ways to do that through your investments, that we are not paying out 60% of your income in taxes, legally. I started hosting teen parties when I was in high school because I was working in the wedding business. Most people grow up with an idea of what they want to be and Jaspreet Singh was no different. The majority of startups are going to fail. Disclaimer: And then theres the big question: is it right for you? No one screens their speakers and sponsors better than him. You need to know how to build wealth. Singh worked hard to get where he is and endeavors to help people earn money, save money and make their money work for them. Dr. Jim Dahle: That's why you will continue to see more inflation. Now another piece of advice you've given is to stop spending money on dumb things. 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 is the Chief Executive Money . Sure. And it's keeping so many people broke, but it's keeping so many other people rich at the same time. How The System Keeps YOU POOR! (Money Myths That Keep You Broke) So, I was like, This is easy. 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. He is now the host of the Minority Mindset YouTube Channel, one of the largest channels on entrepreneurship and financial literacy with over 15,800,000 views and 370,000 subscribers. I went on mission trips to help prepare myself, to get ready to go to medical school. 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. And so, 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. But ultimately, he knew medical school was not the path for him. What kind of lessons aside from You need to become a doctor did you learn from your parents financially? You can check us out on social media as Minority Mindset. When I first made that video, I used to guest teach in high schools. We were doing shows. Dr. Jim Dahle: I mean, it plays a part. Serial Entrepreneurship and Creating a YouTube Business with Minority How much car can you afford? Absolutely. I don't know if it still is, but it used to be. That social validation is such a big factor in our lives and it affects people's finances. Jaspreet Singh: And now Minority Mindset is one of the fastest growing financial education and media companies on the internet. My parents started calling their friends. Jaspreet Singh of the Minority Mindset | White Coat Investor One is Physician on FIRE. And that's what the Minority Mindset is all about. 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. And it turns out this marketing company was a scam. We gave every single teacher $500. So, I grabbed my backpack. And it all started just from a simple Instagram page, which grew into a YouTube channel. They say, Oh, that's not fair. Then I invest in startups. The government doesn't have that incentive of trying to become profitable because they're not a for-profit entity. Oh, no, I got to present a product. Dr. Jim Dahle: And that's why you need more financial education. Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. 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. 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? You don't get the low tax rates that an investor gets. I have a passive strategy where every week I have money going into ETFs that give me exposure to the general stock market. Jaspreet Singh: There are so many people doing it. Dr. Jim Dahle: Has a heavy real estate focus for sure on the blog, but also some other methods of passive income. But when I say minority, I don't mean a racial minority. I was already doing other things, but now I was starting to understand investing. That way you can make smarter decisions with your money. I didn't do it because I wanted to be a doctor. Singh recently . Bring home your plastic bags, I'll wash your plastic bags and put another sandwich for the next day. Dr. Jim Dahle: Jan 24. I like to say that people are becoming brands and brands are becoming more like people. 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. So, on one hand, they keep talking about how student loans are a major problem. Here's your host, Dr. Jim Dahle. Santa Clara, California, United States. I was not OK with that. Dr. Jim Dahle: I was introduced to him recently at a conference called FinCon that was for producers of financial content and resources. It sucks now, I sit down in class and the teacher's like, Jaspreet is here to present. The time is now, and locum is how. The test that you take towards the end of your college career. Jaspreet Singh: The state of Punjab was bombed by its own government. Jaspreet Singh was grew up in India and Kashmir. Lesson 1 - You Only Live Once: Climb to the top of the mountain so you can see the world, not so the world can see you. You won't have to worry about anything else. Its all in student loans and yet you're sitting here blowing all your money?' And that marketing company made me a whole bunch of bold promises. Why am I spending so much money to learn all this stuff? And this is what made me so angry. You have the least tax breaks that you can get out of the tax code and you also have the highest tax rates. And in most Indian households, the way that you become successful is by studying hard and by becoming a doctor. But at the same time, you have to look at the broader picture. Jaspreet Singh: It's the same reason why people will go into debt to go and buy a Gucci belt. Dr. Jim Dahle: 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. And money was taboo when I was growing up. I started off in the entertainment business. I'd find love. But you could see some people that would be really creative and do different things. I wasn't enjoying that. And to really now understand how you can build wealth for yourself. 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. I started a number of companies. And they'll say, Okay, yeah, $100 is good. And every single day, your dollars are losing value to inflation. Business Briefs promises a quick and easy five-minute read to get entrepreneurs up to speed on new trends and valuable information to stay agile in this changing economy. But the problem with deflation is that means the government has to now pay back the $29 trillion with more expensive dollars.
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