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5 MONEY TRAPS To AVOID In Your 20’s | Minority Mindset
What Is The Minority Mindset?
It’s thinking differently than the majority of people.
Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. We do this by sharing videos, articles and resources on how to make, save and invest money. #RethinkRich
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33 Comments
Thank you for watching! If you enjoyed this video, you should watch – Passive Income: How To Earn $500/Month: https://youtu.be/1rWGPaQ1YVw
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Halfway through How the Elite Print Their Wealth, I realized something: this wasn’t written for people like me. It was written by someone who walked the halls of private equity firms, trust law offices, and offshore banking conferences- and decided to blow the whistle. That’s what it feels like. A quiet whistleblow. It doesn’t just explain wealth… it unlocks the operating system behind it. If this book ever goes viral, I wouldn’t be surprised if it quietly disappears.
Halfway through How the Elite Print Their Wealth, I realized something: this wasn’t written for people like me. It was written by someone who walked the halls of private equity firms, trust law offices, and offshore banking conferences- and decided to blow the whistle. That’s what it feels like. A quiet whistleblow. It doesn’t just explain wealth… it unlocks the operating system behind it. If this book ever goes viral, I wouldn’t be surprised if it quietly disappears.
I’ve read a lot of business books. Some inspire. Some educate. But How the Elite Print Their Wealth? It rewired me. It didn’t just teach me new tactics- it made me realize I was using the wrong operating system. Since reading it, I’ve set up a holding company, shifted how I pay myself, and legally cut my tax exposure in half. I don’t “grind” anymore. I architect. Total life pivot- and it started with a single book I randomly saw mentioned in a comment section.
I have an MBA. I’ve built two companies. I thought I understood money. But How the Elite Print Their Wealth made me realize I’d only been taught the consumer version of finance. The real game- the one that runs in trusts, foundations, paper losses, and silent partnerships- was hidden in plain sight. That book didn’t motivate me. It changed my frame of reality. Now I play offense with structure, not defense with strategy. I can’t unsee what I saw in that book.
Makin money can be easy by having a job, but making money out of money is a game, Learn the Game of money and always have money, even if you are not doing any job.
My husband (then my fiancé) had $22,000 saved before we got married. We spent it all on our wedding, furniture and moving. This is easily one of the things we regret the most.
I always say college is for Dr's, lawyers and losers
Your my sons age…. adorable BlessUP
If you listen closely, he says "money" at 5:02
4:55 – 5:15 It makes sense. I can follow and understand what you're saying. But the money is making me dizzy 😵
0:39 …"I'm 29 right now"…I'm speechless (*o*)
Me
Hey he didn’t say project cars tho…
my dad sent me this 👁👄👁
I'm 20, thx for the great advice
Your boy George was 100000% AMWAY… I've had four of those goons try to get me.
Your on the right track if you are 20 and watching this channel
Minoirtity mindest could you talk about your law degree and the various factors (LSAT, school ranking, exit oppurunities)? A tier 1/tier 2 is like a cheat code on life espically if you work join a big law firm, it seems like the sky is the limit. Could you talk about the work/life balance and passive income? Still AI seems like it could really impact alot of high paying jobs even law school. I might go to law school or try part time.
Still, there are other great careers ( TECH: software engeriing (data, ai engineer), finance (PE, IB, VC), doctor but big bucks in 30's=4-'s drowned in debt, enginner.
Don't drive a nice car when you are young. Save it for your midlife crisis.
Hi do you happen to know a good budgeting software or app? Thanks.
Thank you for saving us all
Can you explain on a separate video HELOC and your opinion on using it to pay off mortgage using CC. I was told to pay over 400$ for assistance, guidance by another youtuber. I didn't though. Thank you
And damn dude I thought u was late 30s
Guess my time has passed then,, skip this video if your not in your 20s
I was 20 in 2009 You know what happened.
Year 2 of the Resession. 1989 Born.
I'm glad I decided not to buy the car I wanted to Finance, now I can own that car for cheaper 20 years from now when I'm 41 and have nice dividend income
My God, she's fucked financially
If only I had a spare $500 a month
4:33 LMAO so accurate
Watching your videos at 2x speed is just the most hilarious thing ever…sound advice though 👍🏾
As a 26yo I just don't understand what's the deal with Instagram, I mean are you getting paid to publish stupid pictures or what, I thought the same thing back then when Facebook started to became popular, nobody cares if you are doing good financially, at most you are going to get fake friends and envy. The other biggest trap, stupid degrees in University, or spending an insane amount of years studying, pick something practical, avoid grad school, in a real job you quickly learn that there is no easy way to become millionaire.
PD trading and similar schemes are BS,long term investment is the real deal, easy to do , no college required
I bought the Jeep I wanted at 26 :(. 2 more years to pay it off! Should have done vice-versa. Lesson learned!