And so, my dad decided to get me a tutor. A lot of personal finance YouTubers make a living by having people go to their channels for advice and they make money off of YouTube. Life is short. This is something that I own. I was like, let me, let me put something out there to help people launch a business and not get screwed over. But I started to ask myself about my purpose and my passion. I don't know how to explain this. It costs 12 cents to print a hundred-dollar bill and the federal reserve bank can print these paper dollars on command. And so, I grew up with that understanding of don't be wasteful. Don't spend money on dumb things when you cannot afford it. Jaspreet Singh Minority Mindset is an individual who has become a celebrity by his charismatic works. The first one on it was Don't put your paycheck on social media. So theyre giving people more than just a product. But what's interesting is you got to ask why. Dr. Jim Dahle: She did not believe it. 00:50:22 The only thing that bothers me is when people spend lavishly when they don't have the money to do so. Jaspreet Singh: Why do you think that resonates? 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. 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.' Money isn't everything. Jaspreet is self-taught. So, I decided not to become a doctor because I was only doing it because I wanted to become financially successful. The only thing that bothers me is when people spend lavishly when they don't have the money to do so. Instead, you're paying the highest tax rates and you also have the least deductions. Also available on Audible! That was the incentive for me where Yeah, I can make that sacrifice. And so, I work with entrepreneurs. My foot is soaking wet. Dr. Jim Dahle: And it's unfortunate because of the United States tax code. I don't drink, I never drank. Even though I had gone through so much schooling, even though I had spent so much money in college, nobody taught me this. Welcome back to the podcast. Some of them would say, Yeah, sure. The real outcomes from . But on the second hand, it is the number one asset. He was like, You're stupid. Let's talk about some of the things you teach on your channel. Jaspreet Singh: Financial Wellness and Burnout Prevention for Medical Professionals, Having an Entrepreneurial Mindset and Finding Your Passion, Don't Let Your Money Habits Keep You Poor, How to Reduce Your Investment Taxes - Podcast #237, What Are Meme Stocks and Why You Should Avoid Them, Finding Financial Role Models in the Black and Brown Communities, The Finances of Professional Cyclists - Podcast #244, Physician Entrepreneurism and Venture Capital with Dr. John Shufeldt, 2021 Financial Book Reviews - Podcast #238, An Interview with Coach Carson About Investing in Real Estate - Podcast #65, An Interview with Physician on Fire and Passive Income MD - Podcast #90, 10 Things That Rich Doctor Across the Hall Isn't Telling You, Using Social Media to Promote Financial Literacy, https://www.advisorperspectives.com/dshort/commentaries/2021/09/27/the-feds-financial-accounts-what-are-uncle-sams-largest-assets. Jaspreet Singh: I realized I wasn't. Dr. Jim Dahle: Somebody would have told me when I was getting started with financial education and entrepreneurship. So, I can get paid. Jaspreet Singh: 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. My uncle is telling me, Jaspreet, have you lost your mind? I had no idea what to expect in college because my parents didn't go to college here. And that's when I really started to think differently. Jaspreet Singh: You've got this and we can help. Well, I don't have $10,000. Jaspreet Singh: You can find my contact information here. It's the same reason that people will live paycheck to paycheck to drive a BMW. If you go in and you start to become an influencer on instagram, we try to build an audience on instagram or youtube or whatever and he just do what everybody else does. And fortunately for me, this was at the bottom of the 2008 real estate crash. The majority people are miserable and the majority of people are physically out of shape. Jaspreet Singh: They're all poised to combat inflation. Jaspreet: I never planned on going on youtube or making videos or being a so called insolence or, or whatever. I was an entrepreneur. I was making good money. I had taken all the pre-med classes. I took a speaking class and one of the projects was to pitch a product to the class as if the class was a group of venture capitalists. And you're probably going to see your tax bill go up. The government and the Fed can turn off our dollars. 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. The only thing that my grandfather had was the clothes on his back and a sword in his hand. You need to know how to build wealth. You can check us out on YouTube, Minority Mindset. The government doesn't have that incentive of trying to become profitable because they're not a for-profit entity. Bring home your plastic bags, I'll wash your plastic bags and put another sandwich for the next day. Jaspreet Singh: I make a very good salary, but I'm essentially living paycheck to paycheck. What advice do you have for them? David: What other YouTube entrepreneurs inspire you? But the whole idea is we are not taught these things about money. I kept putting that off, putting that off, putting that off. Jaspreet Singh's household originates from a state in India referred to as . Some of them will go nowhere, but most of them will fail. His topics include real estate investing, getting rich during a recession, and helpful moneymaking habits. Jaspreet Singh likely has additional revenue sources. 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. They can dilute the value of our dollars with the click of a button. And your family comes from the state of Punjab in India? Jaspreet Singh: Jaspreet Singh: And everybody was like, Hey, you should start a social media page. Jaspreet was born to immigrant parents and grew up bilingual in a traditional Sikh family, with the strong expectation that he was going to be a doctor, but that didn't end up being the case! I stepped in a pothole and my foot was soaking wet. Socks are making money. And so, your $100,000 today can buy more than what it can in three years. It was serious. We will send a copy of The White Coat Investor's Guide for Students for you and every person in your class. It is never too deep. Don't forget about our champions program whitecoatinvestor.com/champion. And again, it goes back to the question of why. And what's interesting is the single type of income which has the least tax loopholes which has the highest tax rates [is] earned incomethe money you make from a job and more specifically earned income from high income earners, aka doctors, attorneys, professionals. Tell us about that conversation when you broke it to your parents you weren't going to go to medical school. Our quote of the day today is from Tim Ferris, Doing less meaningless work so you can focus on things of greater personal importance is not laziness. 2,845 followers. Final question. The United States tax law has legal tax loopholes, which give certain types of income tax breaks over other types of income. It is their number one asset. And they were attacked on the way. We have all these expenses. The number one liability for millennials are student loans. Jaspreet believes in taking care of the community yourself rather than relying on someone else to do it for you. So, I started hosting teen parties when I was in high school, my junior and senior year. That means your salary that you're earning is not worth as much. We went to an underserved school here in Detroit. And am I doing it for the right reasons? And I realized I wasn't. Jaspreet Singh: Jaspreet Singh: 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. The United States government has almost $29 trillion worth of national debt right now. Jaspreet Singh: It's not how much money you make, its how much money you keep and what you do with your money that matters. This is the White Coat Investor podcast where we help those who wear the white coat get a fair shake on Wall Street. Dr. Jim Dahle: When I first made that video, I used to guest teach in schools, high schools. There are so many ways for you to make money. You won't have to worry about anything else. Well, why am I getting a good job? That social validation is such a big factor in our lives and it affects people's finances. Jaspreet Singh: If you cannot attend the in-person event, we are also offering a virtual component. She did not believe it. So, it's a highly risky way to invest. For doctors, the story has changed. 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? Yes, thats a pretty good gig they've got gold with inflation running 5% and borrowing at 2%. 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 I started developing that Minority Mindset where I was like How about I take my teen party business that I was doing in high school and bring it to college?. I decided to create a class called How to Launch a Business Without Getting Screwed Over,' and I charged $7 for it. Jaspreet: Youtube and digital video is going to take over TV in because its so interactive. I hope the class action lawsuit sticks, especially Graham Stephan, Andrei Jikh, Jaspreet Singh (minority mindset), Kevin . You might be asking how you're supposed to go from $40,000 to $400,000, which is a great question! Society teaches you these lies just to make you just keep blindly following the system. I studied a lot of tax law. It's the same reason why people will go into debt to go and buy a Gucci belt. 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. Or it's not that big of a deal.' Well, the original title for that video, we actually just changed that recently was You are guaranteed to go broke if you do this. Dr. Jim Dahle: This is for non-necessities, things that you don't need to survive. Locum tenens tend to trend as a godsend demand, to burnt out ends. And people really liked it. We have all these expenses. I told my dad that I want to invest in real estate. It's just something that I own, like money. And this is Peter Kim. And so, obviously there is a time and place for government, there's a need for them, but just understanding that, Hey, you know what? Fin Con is a conference for producers of financial content and resources, whether they're bloggers or podcasters or YouTubers whatever. What started as a YouTube Channel dedicated to simplifying financial health and educational content has turned into a movement. So don't do that. Im not a very serious person and Im looking at myself on Youtube, like why am I looking so serious? Jaspreet Singh: What I love about it though, is he is good at some things that I am not that good at. I made a lot of mistakes. Week 5: Be Great. Jaspreet Singh: But that was all a lie. And so, your $100,000 today can buy more than what it can in three years. Then I got to college and I saw everybody was partying and blowing money they didn't have. I was just upset. What should I do?'. Jaspreet Singh: I don't care if the price of gold goes up or down, it doesn't matter to me. We're on a journey I never would have expected, because it wasn't what I tried to do. Because the only reason why our dollars have value is because the government says they have value. The majority of people are broke. Jaspreet Singh: And did you ever practice law? By Charles Judd October 17, 2022. That was my first experience with any sort of real financial education, any real passive income. CEO of https://www.briefs.co & https://www.marketinsiders.com I'm on a mission to help spread financial education. They always told me, be a doctor, be good in school, blah, blah, blah, all that stuff. 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 . But if the dollar was ever challenged as a currency, as the world's reserve currency, if the United States government was ever challenged as the world's strongest government, as the world's strongest military, as the world's strongest economy, then that would pose a challenge to the dollar. You need to pay yourself first, buy assets, save, whatever you got to do. Jaspreet SIngh with the 100,000 Subscriber YouTube Plaque. I can help give them exposure. And second, you need to understand how to protect your income. buy here pay here semi trucks in tennessee; spring hill obituaries; normal blood pressure for 80 year old woman. Well, if your pay doesn't matter, then tell your boss not to pay you. I never thought about screaming or just whatever they did, youre just kind of see different peoples flavors in different situations of the same thing. And I was like, None of you have any money. There is a new tax bill in Congress. I was not okay with that. 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. Indian culture is a save heavy culture, the traditional Indian culture. Even if Im learning something, I wanted it to be an enjoyable experience because now I mean it goes back to supply and demand. And the first thing that came to my mind were wet socks. And so, people are willing to accept these dollars as currency, as money. Jaspreet Singh: And then one day I was late to class. Our expectations of what is the brand are changing just as much as content itself is changing. 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. Dr. Jim Dahle: Let's talk a little bit more about the government. I never learned about this stuff in school, and I had been screwed over so many times because I didn't have any sort of guidance. About. You can check out our website theminoritymindset.com. Jaspreet Singh: The government doesn't have that incentive of trying to become profitable because they're not a for-profit entity. They were talking about real estate, there was a lot of rock bottom, get out now. Because inflation again is when the value of a dollar goes down. Where can listeners go if they want to learn more about you and what you are teaching? As more dollars enter our economic circulation, the value of each individual dollar goes down. We got accepted. I'm investing in real estate. Its burdening people who go to school. 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. We'll just take a percentage of the revenue that you generate from cover, the money that you charge to get in. 199. Jaspreet Singh: So, you're going to go and pay Gucci, Louis Vuitton prices, not for something that you wear in real life, but for something your video game player is going to in the digital life. And yeah, I launched that product. I had done the volunteering. Just recently, we made a video where we bought out half of the teacher supplies store for about thousands of dollars with the stuff and then we gave it away to schools. I revitalize them. If you're doing something that you hate, it's never too late to change. Why did we do certain things? Is it going to be you or the government? It was really cool and I never thought about it like that until I thought. I grabbed my backpack and was running to class. We go on these nice vacations and we live a very good life, but I don't really have any savings. I started hosting teen parties when I was in high school because I was working in the wedding business. Then I went to college. He loves spending time guest speaking in Detroit Public Schools. I worked with textile manufacturers, with manufacturers to create this water-resistant sock. You start to question the things that we're ingrained with to believe. Programmation et technologies internet; Rseaux informatiques et scurit; Gestion de projets informatiques T.I. [1] Register by December 1 to get one of our amazing swag bags! Jaspreet Singh: Then a portion of your paycheck goes to the government. The government wants to see more inflation. And second, you had to leave everything. Why am I spending so much money to learn all this stuff? Freshman year, I started knocking on doors at clubs, venues, and bars, asking them, Hey, can I host a party here?' Jaspreet Singh: It's a common thing that when people make their first thousand dollars they want to show it off. Jaspreet Singh: Jaspreet Singh: And that's what the Minority Mindset is all about. If docs are in shock as a pandemic clock, tick-tocks, then locums is the token to unburned the burnt out broken. And I was like, Present what? 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. We have the Minority Mindset Spanish channel on YouTube we just launched. Now when people look at that, when they look at Minority Mindset, I think the first thing that comes to mind is racial minorities. I didn't have any sort of reassurance. The time is now, and locum is how. I believe that we are the strongest economy in the world and investing in the stock market gives me exposure to that. Thank you so much for having me. If you look around, it seems like case counts are dropping like crazy. I have a passive strategy where every week I have money going into ETFs that give me exposure to the general stock market. I had taken all the pre-med classes. There was no money in it yet, but I liked it. And that's why you need more financial education.. That's my way of investing in startups. And then when I find a good undervalued company, Ill buy it. Then I invest in stocks because I believe in the American economy, although we have issues and concerns. It's a mindset. But the question that I have is who's going to make the best use of your money? Its easy to say be different, right? And somehow in there, you went to law school. And second, I knew that if I went to law school, I could go part-time. Dr. Jim Dahle: Jaspreet Singh: You're already working six months out of the year, January through June, just to pay your tax bill. Giving is a part of me, its a part of my religion. And that's what the Minority Mindset is all about. Like my family comes from a small state in India called Punjab. Jaspreet Singh: I was never told to think about this type of stuff, because all I had to do was become a doctor and everything was going to magically be OK. Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. Theyre giving people a reason to come to them. Then freshman year I started knocking on doors at clubs, venues, bars, asking them, Hey, can I host a party here? Some of them would say, Yeah, sure. I hope we always are worthy of that trust. Jaspreet Singh: I step in a pothole on the way to class. He has worked hard to get where he is today and has dedicated his career to helping people build their wealth. Neither of which are my strengths. I would be rich. When I first made that video, I used to guest teach in high schools. I invest in stocks in two ways. This is something that I own. 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. Now you're finally working. I was in class, paying attention, I love learning. Awesome. Although he didn't receive any formal financial education - he's on a mission to make financial education fun and accessible. And here I go to college and I see everybody partying, blowing money they don't have. 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. It's the same reason why people will go into debt to go and buy a Gucci belt. But I started developing that Minority Mindset where I was realized I could take my teen party business that I was doing in high school and bring it to college. I can't see myself doing this. The Fed wants to see more inflation to make that debt pay down possible. Financial wisdom. And this is where the government says, Oh, we have a student loan crisis is a problem. But I decided I was going to invest in real estate. The economy is crashing. That was when I decided that I would put something out there to help people launch a business and not get screwed over.. Jaspreet saw an opportunity. Society teaches you these lies just to make you just keep blindly following the system. 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. But the cost of things are not going to stay the same in three years. My sock was wet as I sat down in class and just then the teacher called on me to present. Our sock company was making good money. He moved to Montreal in 1990 where he completed both an M.Eng. Its like, how did this happen? And slowly that started to grow. The goal of the channel is to "revolutionize the way people think about money and to make financial education fun" and they often discuss passive income. I invest in them. Jaspreet Singh: David: One of my favorite ideas that the best creators are short-term, catchy and long-term sticky. Jaspreet Singh: Jaspreet Singh: You're saving dollars. So its been a blessing, with a really unique beginning. Our dollars used to be backed by gold, but then in 1971, president Richard Nixon severed it. We grew from just holding parties to doing parties every week. And that they're trying to manage inflation to control inflation. 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. Jaspreet Singh: The Fed wants to see more inflation to make that debt pay down possible. Dr. Jim Dahle: If you got $1,000 in the bank account, you can't afford a $1,000 watch. Go study, go become a doctor. 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? There was no money in it yet, but I liked it. They showed me I could turn ads on to get paid. You probably got hundreds of thousands of dollars worth of student loans. I am an attorney. With this data, we predict the Jaspreet Singh YouTube channel generates $21.57 thousand in ad revenue a month and $323.58 thousand a year. It is their number one asset. You left money, you left everything that you had, your whole livelihood. You're not going to like my writing.' It's the mindset of thinking differently than the majority of people. 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've got the ear of 30,000-40,000 doctors and other high-income professionals. Then I went from business to business, to business, to business, trying just a whole bunch of things. I used to work at Indian weddings, playing a drum called the dhol. Build your wealth, buy what you can afford. I have no problem if somebody wants to spend $500,000 on a car. So, I decided to do something different, go into entrepreneurship, and learn about many other things. I thought that everybody goes to college to study and spend Friday nights in the chemistry lab doing reactions. Jaspreet Singh: One is Physician on FIRE. We were doing concerts. How much car can you afford? And what you do with your money that matters. What you can do is now get financially educated and do something with your money. And a lot of people, the majority of people are not willing to ask that because it's a painful question. Jaspreet Singh: But it wasn't a tutor for the English class that I was struggling with. 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. And I did school that did all of that and I was always doing my entrepreneurship stuff on stuff on the side because data approve of what I did. Then a portion of your paycheck goes to the government. If you have $1,000 in the bank account, you can't afford a $1,000 watch. And if that ever happens, people will run away from dollars because they realize that their dollars are just pieces of paper. I didn't know what that meant. Why did I want to become a doctor?' Absolutely. I had gone through so many problems. Also be aware, December 1st is the swag bag deadline for the Physician Wellness and Financial Literacy conference. And now my family were sleeping on the roof of their home. And am I doing it for the right reasons?' And eventually if you keep doing it, that audience will gravitate towards you and theyll want to watch your type of content when it comes. Well, why am I getting a good job? And so then after that, our dollars are no longer backed by gold after 1971. And it was a shock. Harluxsh Singh. And that's when I really started to think differently. Then I went on to Instagram and created the Minority Mindset Instagram page. Minority Mindset, LLC is a Domestic Limited Liability Company located in Northville , Michigan. And people really liked it. 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. All right. And that marketing company made me a whole bunch of bold promises. 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. Jaspreet Singh, the Minority Mindset, is an attorney, investor, and CEO of Market Briefs. And our YouTube channel was growing. Leif is an anesthesiologist who retired at 43 and now travels the world with his two sons and does whatever he wants. I hope you enjoyed that interview. And then that's where everybody says, Oh, don't worry about the pay. Thank you, Jim, for all you do. As more and more money is printed by the federal reserve bank and the government, more dollars enter our economic circulation. I didn't mind that because first, I didn't really know what I was going to do with my life. Where do you get your inspiration from and what sorts of things have you done to become a better Youtuber? Ill always been an entrepreneur and I was working, I want in my previous business ideas and we, when I was getting ready to launch it, I hired a marketing company to help you with the marketing of it during Gar crowdfunding phase. You have put in so much. I got married and my spouse and I bought really nice cars because we wanted to keep up with our doctor friends who bought a really nice home. My sock is wet. Jaspreet Singh: I put it under the alias Minority Mindset. Some of them will go big. Read Paying Off $123K of Student Loan Debt in 1 Year Revisited - 5 Year Anniversary by with a free trial. I'd find love. So I told myself I was not going to be a doctor. Jaspreet Singh: That is when I started to really ask myself, Is this the right thing for me? And every single day, your dollars are losing value to inflation. Sure. Dr. Jim Dahle: Why are we doing the things that we do? I was becoming a doctor for the wrong reasons. So, if we have more inflation, that means that the government can now pay back this $29 trillion worth of debt with cheaper dollars. Food Blog I saw the meaning of really saving, saving, saving. You need to use your money to build your wealth first before you make everybody else around you rich. Doing less meaningless work so you can focus on things of greater personal importance is not laziness.. Thanks for coming on the podcast with us. I like it because I'm an entrepreneur. And that's why you need more financial education. Singh recently . I had the pleasure of . Jaspreet is the money nerd behind theminoritymindset.com. This is not me. And the swag bag is great. We change it sometimes. You have the least tax breaks that you can get out of the tax code and you also have the highest tax rates.
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