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What Is The Minority Mindset?
“The Minority Mindset has nothing to do with the way you look. It’s the mindset of thinking differently than the majority of people” ~Jaspreet Singh
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35 Comments
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Thank you some random guy on tube teaching us how to invest. ❤
Wished I had known this a long time ago. 😢
So whats the 10% saving for?
Actually, when you’ve only got 10 years left, it doesn’t sound so bad 😅
Good knowledge💪🏾
Great 👍
Thanks Sardar jii ❤❤ love you
when he mentions saving 15%……is he talking about on top of 401ks or are you covered if you already saving 15 in a 401k? E.g. should we max out our 401ks and then put aside 15% investing in a personal brokerage or business venture?
I know I will be sending a thank you email to a random guy on youtube for changing my life, by sharing his knowledge from a genuine heart. I am so appreciative. Can't wait.
I like your message of helping others.
Some people say you have to live in debt and some say you can’t have debt. Which one is it?!?
0% APR does make sense if you’re financially healthy. I can throw more money into investments over the 24 month loan term.
Does the 75-15-10 rule apply to your take home pay check? Or do you factor in you 401(k) contribution/employer match into the Investment (15%)?
I already waited 30years to make money I can’t wait anymore
Money is abundant they generate it out of thin air.WHAT THE HELL was the husband’s gift me bart Simpson
7 years ago I bought a nice car on credit and spent years paying it off.
Then I spent 3000 on a 3 week holiday I’m still paying off 2 years later.
Ive been eyeing a new car and more payments but my current car which I’ve owned since new is in perfect condition having only done 4000 milers a year since purchase.
I made my mistakes overspending, I won’t buy a new car til this one dies or medically I need a different one.
I’m in process of moving to place where the people I know in the area exercise a lot and I need that.
Thank you Jaspreet. I am in stage 3-4 and wondering what your opinion on this one. If someone had a few loans currently being paid, say equivelent to about £500/m with interest ratses of 3 and 4%, what would be their best move? £500 per month into a decent 8-11% ETF generates far larger return than paying off loans costing 3 or 4% PLUS the added benefit of these monthly payments not longer looming over their head.
This is probably the wrong mindset, but it is just reality. I went and bought water, creamer, eggs, bread, peanut butter and it was $60! 😂 The economy is set up for us to fail and the odds are most people will work forever, because we think too short term.
Mindset!!!! YES!!!!
You lost me at "you save 10k a year".
Dude, I work my ass off as a single parent and I can't save $50 a month. I've gone to 2 financial advisors who both said, you need to make more money. There's nothing I can cut. My budget is bare minimum. I make good money. 80k. But my rent is half my monthly income. And cost of living is so high. Plus child care, extra curricular stuff for my daughter (hockey), random costs that come up, new winter and seasonal tires were 2k.
I like your channel. But I'm struggling with the idea that I can have anything more than this with my life circumstances and restrictions.
❤❤❤
Just hit $23.00 monthly interest 😉😉
Am i too late😢 50 and want to retire asap
I think you have it backwards.
If you instruct people to brainwash themselves into thinking they have responsibility to be a millionaire, they deserve wealth etc, not only are you building an arrogant, shallow person who won't listen to any advice but also you're building their foundation on sand. Any hardship will knock them back to their old mentality.
First you need to offer the tools, then with practice, patience and results, the belief is built and a stable foundation laid. Arrogance and shallowness is disarmed by hard work and long suffering
I am Wealthy.
Money is a construct of my imagination.
Money is a vessel to leverage a destination.
I am Free and freedom requires Responsibility and accountability as a Duty of Liberty.
Ain’t no way I’m saving anything I’m living paycheck to paycheck and don’t make enough to save a damn thing see this is what a lot of these videos are missing if you don’t have the money to save you ain’t saving a damn thing and it’s as easy as that ppl talking about saving saving saving it’s not realistic ppl all this stuff will do is make you anxious and sad✌🏽
Great advice but I thought it was kinda cute 'think about your dream car' and then 'now buy something cheap' 😀
I’m going to be Warren Buffat
This presumes your investments make profit my brother. Investment is tricky and the market is turning
But I don’t see this making millions in ten years unless you have a large lump sum already or a high paying job the create the investment capital. For those of us who make less than 30,000 per year have no way to get into this process.
I have a question about 75-15-10 percent scheme. Imagine at the beginning of the process let’s say I make 50000 yearly, and I spend on living expenses 75% which is 37500. So, I took the grinding as advised in this video and after, let’s say 10 years, I make 500000, I bought with cash a house to live in, a car to transport myself around, I don’t have any debts or payments due, and I have everything more or less covered. Even if I got married along the way, and have two kids, why do I have to spend 75% of my current income? It’s 375000 now. If I have to cover expenses for 4 people now, and let’s remember that I was happy with 37500 when I was alone, why allocate 375000 for spending? Is there anything wrong, after some years of grinding, to adopt a new percentage scheme 50-25-25 for example?
Thanks so much bro for giving me all the requirements to build wealth 👏👏👏👏
I bought a 2009 Honda CRV in July 2014 with 114k miles. I currently have 450k miles on it and will continue to drive it.
You are very smart
Is this for those of us starting to save for a house and also starting investing to retire in our 40's?