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“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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Video host: Jaspreet Singh
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31 Comments
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Jaspreet Ji, you are good! passionate, humble and disciplined, tell it how it is and a motivated to help one and all, RESPECT!
Thank you for this video. I wish my husband would stop spending so much $… I am secretly saving on the side and doing CD's and my own investments and getting raises to go towards paying off the house early as possible. I signed up for the picklemonkey
Thank you Jaspreet, I am here for the lessons that I couldn’t find anywhere else🙏
I mean the only one really worth noting is they overpay for their homes by FOMOing into a rising market. Avoid that one and youre not just good, youre great!
I definitely made multiple mistakes while buying my home (1st). I wasn’t educated enough but I did make sure to purchase a home i could afford monthly and grateful to this day to have a place i can call my home. I am at 3% fixed rate and do not plan to refinance EVER!
See if you buy a house other than to live in and for owning shelter for good you will fail. People are obsesed with money they dont have why? Its pathetic no wonder people are all in debit what morons. Home insurance is a scam they dont pay for shit ive had so much damage to my home and these worthless garbage didnt do shit and i had to foot the bill and still pay these scam artists so dont ever get insurance you are still gonna have to pay in the end so just put the money u pay to these scam artist save it for when an emergency happens cuz insurances doant do shit at all ever they NEVER helped me at all
Can I cash out refinance my mortgage to pay off debt? If this is a good financial move, it woud save me around $2k a month in debt payments…
My house is a cheap place to live. I don’t care if I make money on it or not. I’m not going anywhere.
What person has a mortgage with a bank and has no home insurance?
You should have talked about house hacking as well. Not for everyone but you can basically live mortgage free.
Awesome interview
I got cheap rent at 3% interest.
We bought a cheap house in 2007. Paid it off in 2022. Now rent and mortgage free which freed up funds to invest
Smart homeowners would recurrently invest in assets such as real estate, REITs, commodity stocks, etc.
Is that a Gucci turban your wearing ?
first rule is never over pay.
second rule never over pay
3rd rule never over pay.
It's not worth it
taxes insurance and maintenance are all issues this is why the 3x max as median income is so important.
but also if you pay more in taxes you need to take it into account. 3x max is on median if you have more expenses like extra kids an wife that buys too much or expensive hobby and higher taxes you would be better off with less max housing cost.
if you travel more do you need a large house?
only buy a house if you need it and can afford it long term not if you can buy it. it is an expense not an asset.
Jaspreet!!! I love your content and it has really blessed me. I am a Nigerian, is there any medium or app that can enable me to buy S&P 500 from Nigeria?
I need to start implementing what I have learnt from you.
Thank you.
How can i pay extra money on the morgage? Pay the monthly and then add x amount and tell them i want it to go to principal ?
Every dollar that yourl earn is gross income or met after 401k, hsa. Taxes?
Ur 100 % right
Buying a house for own stay is NOT an investment. It is simply to save money from paying increasing rent due to inflation.
Does your 20% rule change if it is a physician home loan and I am without PMI? Probably not, just thought I’d ask 😅
Buy one house in a good neighborhood, live in it until you die. Swapping houses every 7 or 8 years results in you paying only interest and very little principal. You will be poor when you retire if you keep upgrading your house. 1800 sq. ft. is enough house for anyone.
I have kept my rental home in Tx 15-20% below rental suggested rate for over 27yrs. It is paid for but the taxes/insurance/maintenance rates are going to be the reasons to increase it. I do not want to do this, but to lose money on the house…….damn it!
I need to become an overpaid CEO to afford a $400,000 mortgage.
Good info.
My rent was 2200 and my mortgage is 2200 id say it is an investment
Using a HELOC to buy Gucci? That’s next-level flexing AND financial disaster. Who else thinks this trend is insane? 😂
Everything in life costs more than what your brain is telling you before you sign on the dotted line. If you can qualify with just one persons income even better. If one person becomes sick and unable to work you do not have to sell the house.
Higher downpayment better interest rate and lower monthly payment