The 3 MONEY MYTHS That Keep You Poor! (How To Build Wealth) | Jaspreet Singh & Jay Shetty
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Published 2022-07-25
Jaspreet Singh is a serial entrepreneur and licensed attorney. Although he didn’t receive any formal financial education – he’s on a mission to make financial education fun and accessible. Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel.
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What We Discuss:
00:00 Intro
02:07 Understanding the role of money in your life
04:55 Four aspects of life
08:03 Money is a tool for you to do the things you want to do
11:42 Importance of financial education
14:26 The 3 bad habits in handling money
16:08 Don’t go broke just to look rich
18:10 The problem with saving money
19:30 Stop blindly following the system
27:59 Understanding the concept of money
30:53 Equity
33:58 The wealth formula
36:10 Investing with little money
40:42 The best investment in the world
45:09 Delayed gratification
49:43 Having financial confidence
51:27 Recessions and market crashes
1:02:56 Avoid emotional investing
1:09:22 Jaspreet’s Final Five
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All Comments (21)
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The fact that nobody talks about the forbidden book Scarpure money speaks volumes about how people are stuck in a trance
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Thank you for having me on Jay! it was an honor 🙏🙏🙏
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Jay and Jaspreet are amazing. “How to secure wealth”
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I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
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I love this video and feel it was made for me. But as a beginner what is a good A.I. stock to invest in? Or how do i know which stocks to buy?
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This man makes a lot of sense. Very great conversation. Thanks for having him on the show.
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I am 20 and I feel myself lucky to watch this video. “ I WANT TO GROW & I WILL GROW”.
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“The discipline of postponing pleasure.” So good. Thankful for y’all’s work and teaching!
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as soon as I heard "if you don't understand money you will be at the mercy of people who have money" ... I was like yea... let me get my note book out. Great interview, great information, Jay Shetty you never miss.
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very true The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
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I used this interview in my Gr 9 Math class as we are learning about financial literacy and planning a future budget. I teach in a predominantly Indian school, many are Sikh. They were enthralled with the discussion, and I love that they can see themselves reflected back. if you ever want to zoom with my class, please let me know!
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I'm 54 I and my spouse are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for*
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God bless you Jaspreet Singh, many stopped wearing turban even in punjab thinking that it hinders their career growth, you are keeping it even in US, our best wishes are with you. Thanks Jay for giving Sardar an opportunity at your podcast.
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Thank you, Jaspreet and Jay, the four principles are so valuable. Physically, mentally, spiritually and financially educated and focus on investing in yourself more. Awesome 🙏❤
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Thank you so much for simplifying the financial plan!!!
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Buffett and Munger have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
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Jaspreet Singh... Man oh man ..!! What a worthy podcast this is .. The FINANCIAL Enlightenment that is most need of the hour has been delivered exceptionally well 👏👌🤘.
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Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
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This is the best podecast I ever listened , I really loved how jaspreet put all his thoughts in a structured way and made them simple to understand.
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Wow! Blew my mind! Thank you for the advices!!!
