I advise. Dr. Jim Dahle: And so, it's wonderful to have somebody that is good at things that I'm not that good at. As the champion, you will receive a Lifetime WCI T-shirt and, if you send us a picture of your class with the book, a WCI Yeti Tumbler. 1y. I never once learned how I could use my money in a way to give me financial freedom. Now one of those businesses involved an invention. Its a mindset. It makes the majority of people who do not understand it poorer, and makes the financially educated richer. We were doing shows. Build your wealth, buy what you can afford. I can fix up a property. So how about instead of going to the parties, start hosting them. I had done the volunteering. And a lot of people, the majority of people are not willing to ask that because it's a painful question. This is where my passion was. So I decided to start looking at rental property. The majority people are miserable and the majority of people are physically out of shape. How do you think about improving on Youtube? Jaspreet Singh: Thats just like gambling. Financial wisdom. I started out there and that kind of developed the whole majority mindset versus minority mindset thinking with a majority people like going to parties. I could not do that with myself mentally. I decided to go with that. I shadowed doctors. I like to say that people are becoming brands and brands are becoming more like people. I believe that we are the strongest economy in the world and investing in the stock market gives me exposure to that. My sock was wet as I sat down in class and just then the teacher called on me to present. I kept putting that off, putting that off, putting that off. That's why we have a national debt crisis like we talked about because the government is spending more money that they bring in. He even bought his first real estate investment property when he was just 19! Jaspreet Singh: You go cash in that check and you take pictures of it and you can go impress your friends. What do you invest in? You can buy more things with your paycheck. I had started somebody's business ideas. Our estimate may be low though. Required fields are marked *. But what's interesting is you have to ask why. You have to understand that you need to be able to take care of yourself financially, but in terms of finding your purpose, look in 10 years, if you don't do anything, you're going to be sitting right where you are right now. And so, that's why I invest in commodities like gold. mvp acronym jokesrecent killing in grenada 2019. june's journey joining a club; what happened to shane on heartland; jacks urban eats menu calories; trinidad express death notices 2021 Its easy to say be different, right? We were doing concerts. I can be involved with them. It's a representation of value as opposed to paper dollars, which is just a piece of paper. Thank you, Jim, for all you do. He was one of the keynote speakers at the event, gave a fantastic talk and has put together some awesome resources. It's that growth mindset." - Jaspreet Singh. Then I invest in stocks because I believe in the American economy, although we have issues and concerns. And his YouTube videos are fantastic. Outside of that they are as poor as the rest of us. Look, if you love being a doctor, then be a doctor, but you have to understand how to use your money the right way that you don't get screwed over by the system. Jaspreet Singh: And that's when my dad said I'm done with here and started the journey to America. My parents were like, If you're not going to go to medical school, you have to at least become an attorney. Disclaimer: I can help build up a neighborhood, rent the property out. Do you feel like you're a member of a minority writing for other minorities? The Federal Reserve bank is going to keep printing money because that's what they do. I shut it down because I did not see myself doing that long-term. You had all this interest in entrepreneurship. animals scientists are trying to bring back megalodon. The test that you take towards the end of your college career. And I'm not sure I've seen a lot of doctors doing that, but is that a common trend out there on social media where people are flashing the dollars after they get paid? What do you see in terms of what is the best Youtubers have in common? 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. Jaspreet Singh: Look, you have one life to live. Jaspreet Singh: Jaspreet Singh: Here's your host, Dr. Jim Dahle. Jaspreet Singh: Jaspreet Singh: And the reason why I call it that is because you have to really be willing to think differently. I grabbed my backpack and was running to class. You start to question the things that we're taught in society. I didn't know what that meant. How well, thats what you have to figure out, thats the tough part. You have to understand that you can protect your money.. The Indian government overnight declared certain denominations of their money no longer valid. Jaspreet Singh: And this is what so many people do not understand. Like for example, I feel like a shopify, they have a very cool tool, but they also have a very popular blog on ecommerce, how to sell products. Jaspreet Singh: I have no problem if you want to spend $100,000 on an engagement ring, it doesn't bother me. And in order to now balance this national debt crisis, one of the things that they're doing is they're creating more inflation to pay back this money with cheaper dollars. You have so many layers of bureaucracy, which makes the company fat, because now it makes a dollar, but then it just spends a whole bunch of money on a lot of useless things. Jaspreet Singh: They say, Oh, that's not fair. So just understanding how to present the same information in different ways. Jaspreet Singh: Once you're a doctor, you'll be financially free. Money isn't everything. It's not even a want. Jaspreet pursued a Bachelor of Technology in Computer Science (2007-2011) at Guru Nanak Dev University, Amritsar. Jaspreet Singh's Phone Number and Email Last Update. I didn't like the industry. And so, I work with entrepreneurs. There was no money in it yet, but I liked it. And if you continue to follow the majority's advice, this is what I like to call it, the traditional advice, you're going to be broke. Because now you don't get the tax breaks that a business owner gets. And they'll say, Okay, yeah, $100 is good. Jaspreet Singh: I told my dad that I want to invest in real estate. You're saving dollars. We have all these expenses. So, if we have more inflation, that means that the government can now pay back this $29 trillion worth of debt with cheaper dollars. 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. Jaspreet: Brands have to give back in the day if a brand a business or selling a product, their job was just to sell you a product, right? Jaspreet Singh is an award-winning author based in Calgary. Thank you so much for being on the White Coat Investor podcast. 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. I used to work at Indian weddings, playing a drum called the dhol. We have the Minority Mindset News channel on YouTube, where we have daily finance business news updates. Jaspreet Singh: I hope you enjoyed that interview. You need to know how to build wealth. So I had my own ways of doing it. Why did we do certain things? When you don't have to struggle and worry about how to pay the bills.. The federal reserve bank is going to keep printing money because that's what they do. What I try to do is just talk about what's going on. My family ancestors are from the state in India called Punjab. You're already working six months out of the year, January through June, just to pay your tax bill. So I told myself I was not going to be a doctor. And I sat down and I was like, Wait, that's kind of a cool idea. I love giving back. ' You're still only living off 75%, and you have the same percentage, but it's so much bigger. I don't care if the price of gold goes up or down, it doesn't matter to me. It started off really as a hobby and then it started to grow and I hit this kind of turning point where I got denied with a patent for my sock company. They can look rich. And that was really interesting because Id never done anything like that before. No one screens their speakers and sponsors better than him. Jaspreet Singh, otherwise known as the Minority Mindset, is a qualified attorney, . The United States government is not a for-profit entity. I buy properties. He grew up in India and moved to Canada in 1990. In this episode you will learn: Jaspreet's six-step formula to becoming wealthy. If you follow what the majority of people do blindly, you are pretty much guaranteed to fail. Jaspreet Singh: I invest in stocks in two ways. Jaspreet Singh: You can check us out on YouTube, Minority Mindset. I was like, instead of doing that, I would much rather say I tried and I failed and it wasn't for me then say what if I did something else? And the savings that you have in the bank account, can't buy you the same things that they could before. Jaspreet Singh: Its a growing business, we have a whole bunch of potential things, although the patent fell through. We also have the Minority Mindset Spanish channel on YouTube. Dr. Jim Dahle: It's a crazy system, isn't it? Jaspreet Singh: Jaspreet Singh: Then I got to college and I saw everybody was partying and blowing money they didn't have. He is an animated guy, and his main mediums are YouTube and Instagram. So, I decided to do something different, go into entrepreneurship, and learn about many other things.. You go cash in that check and you take pictures of it and you can go impress your friends. You need to be the person that's taking care of their money. Jaspreet Singh: Jaspreet Singh: It's the mindset of thinking differently than the majority of people." . David: The relationships that we have with brands have also changed the way that we consume their content on social media. Jaspreet Singh: He wasnt going to let his dream die so he started multiple businesses while in college. I love coming up with product ideas. The government doesn't have that incentive of trying to become profitable because they're not a for-profit entity. That social validation is such a big factor in our lives and it affects people's finances. Our sock company was making good money. Fin Con is a conference for producers of financial content and resources, whether they're bloggers or podcasters or YouTubers whatever. It is a core tenant in my religion to give back. 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.

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