You need to use your money to build your wealth first before you make everybody else around you rich. And as soon as I gave them the money, I never heard from them again. Dr. Jim Dahle: $29 trillion. Minority Mindset with Jaspreet Singh | Ep. 84 - Money Talk with T Required fields are marked *. The Minority Mindset YouTube channel has changed the lives of nearly 1,000,000 YouTube subscribers with their videos being viewed 5 million times a month. I had no idea what I was doing. Just that idea resonates with so many people. And that is apparently a huge attraction. The price of everything is going to keep going up. And that marketing company made me a whole bunch of bold promises. Learn more. And every single day, your dollars are losing value to inflation. Jaspreet Singh: So how about instead of going to the parties, start hosting them. So I was like, whats my guarantee? I was running these businesses in secret because if my parents found out they'd be very angry. And that's when I really started to think differently. I was like, Oh, that's easy.' And the reason why I call it that is because you have to really be willing to think differently. You bust your butt through medical school, through residency, through fellowship. Minority Mindset Net Worth - How Rich is Jaspreet Singh? They can look rich. Jaspreet Singh: They earn their money to do whatever it is they want to do through tax dollars. He's back on the show to share his thoughts about the current economic situation and help educate people on their best . Jaspreet Singh: When I was going to school, I went through a lot of schooling. I didn't have any real estate investors in my family. How do you manage the tradeoff between entertainment and education? It's the mindset of thinking different than the majority of people. They can't afford to do that. Jaspreet Singh: I love real estate because real estate provides me with consistent cash flow. I love that quote. Dr. Jim Dahle: They can dilute the value of our dollars with the click of a button. Yeah. But the cost of things are not going to stay the same in three years. Cryptocurrency is the people's movement of money from the bottom up, unlike our dollars, which are controlled by a central authority, the Fed Reserve bank. Final question. How do you get people excited when they first find your content but to also get them to stick around over time? I just had this kind of crazy dream that I want to do something different, but everyone was telling me that I am dumb. Jaspreet Singh: Jaspreet is the Chief Executive Money . There are so many ways for you to make money. I can fix up a property. I kind of break out of the norms and the traditional way of doing things. And then when I find a good undervalued company, Ill buy it. I made a lot of mistakes. Even though I had gone through so much schooling, even though I had spent so much money in college, nobody taught me this. And then people would say, Oh my God, dude, I really like your content. And it's that question of Why?' Jaspreet Singh: Jaspreet Singh: Go study, go become a doctor. Dr. Jim Dahle: And then that's where everybody says, Oh, don't worry about the pay. If you follow what the majority of people do blindly, you are pretty much guaranteed to fail. But the cost of things are not going to stay the same in three years. But Minority Mindset is my passion. No one in my family was an entrepreneur. You're saving dollars. For example, when I was growing up, I was told that if I wanted to become successful, I needed to do two things, become a doctor so I can earn a big salary, and second, save as much money as possible. We also have the Minority Mindset Spanish channel on YouTube. I was just like, oh yeah, I got the job interview or just something kind of plain. There was no money in it yet, but I liked it. I never once learned to think about building wealth. I said, You're telling me I can get paid for this? And now all of a sudden, I just started generating revenue just because I didn't know that I could do that. Give people a reason to follow you or, or look at your content instead of somebody elses. I grabbed my backpack and was running to class. [citation needed] He is a former research scientist with a PhD in chemical engineering from McGill University. And now on top of that, you got to pay the highest taxes. Jaspreet SIngh with the 100,000 Subscriber YouTube Plaque. Let's talk about some of the things you teach on your channel. $35 per post at $7/CPM. If you have $1,000 in the bank account, you can't afford a $1,000 watch. The government doesn't have that incentive of trying to become profitable because they're not a for-profit entity. The economy is crashing. Your family has a fantastic story. Jaspreet Singh: And did you ever practice law? They were like, oh, dont worry, well give you a 100 percent money back guarantee. 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 You're actually an inventor. They're all poised to combat inflation. 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. And in 20 years, you're going to be doing the same thing right now. Jaspreet Singh: You can go into these video games and pay extra, a premium to get a Gucci skin on your player in the video game. I didn't have any entrepreneurial friends that had made it that could say, Hey, Jaspreet, its going to be okay because I didn't know anybody who did that. Jaspreet Singh: Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. At this point, you'd already had a company, really, as an undergrad. The interest rates on your bank account are paying you 0.01% a year, which means if you have $100,000 in your bank account today, in three years your bank account is going to be $100,000 and a few pennies. But Minority Mindset is my passion. The test that you take towards the end of your college career. Basic questions like, What is locum tenens? to more complex questions about pay ranges, taxes, various specialties, and how locum tenens works. He even bought his first real estate investment property when he was just 19! Its a mindset. Druva is a Leader in Cloud Data Protection & Information Management. Life is short. You must be registered by December 1st, if you want to get the swag bag. Well go on this journey together you and me. But I like where this is trending. 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. Jaspreet saw an opportunity. And it turns out this marketing company was a scam. They're coming out ahead on that deal for sure. You have the least tax breaks that you can get out of the tax code, and you also have the highest tax rates. It makes the majority of people who do not understand it poorer, and makes the financially educated richer. Jaspreet: Its a balance, because in the beginning a lot of our videos were just straight education where it was like a lecture, like going to school and Im a teacher and Im just talking and I wasnt being me. What if I did something else? I did not want to ask that question. I don't know if it still is, but it used to be. animals scientists are trying to bring back megalodon. Why did I want to become a doctor?' Naked Brands are a new kind of brand enabled by social media, powered by personality, and built for the digital age: Naked Brands are founded by social media influencers. You're not going to like my writing. This happens every week, whether the market is up or down, it happens consistently. For business owners, knowing where to turn for a reliable source of information and business trends is important. Cryptocurrency is decentralizing money, and there's also a lot of technology behind it, which makes it very powerful because it's revolutionizing the way the internet works. Jaspreet Singh: Your most popular video with almost 3 million views is called These 5 Money Habits Will Keep You Poor. And that is apparently a huge attraction. So, that business was growing. I got irritated, because I didn't have any sort of entrepreneurship education and I had been scammed. What's up everybody? I made a $10,000 donation to someone else. It is never too deep. A lot of the early businesses that I ran I had to do in secret because my parents did not want me to do anything that wasn't related to getting me into medical school. When you don't have to struggle and worry about how to pay the bills.. All right, a few things coming up, make sure if you are interested, you have done these. He has gained upwards of 1.6 million subscribers on YouTube. I just had this kind of crazy dream that I want to do something different, but everyone was telling me that I was dumb, that I was crazy. I love talking about this stuff because these are things that I wish I learned when I was getting started when I was growing up. I was studying for the MCAT and every day when I took a break, I would go to Yahoo Finance and every article was talking about how housing prices were crashing. Now were at like 350,000 subscribers, tens of millions of views. We were doing shows. And then one day I was late to class. I advise. I'd find love. That is when I started to really ask myself, Is this the right thing for me? I was late pretty often, but it was raining that day. I had no idea what that meant, but I was like, let me figure it out what this is. Jaspreet Singh: He's on a mission to make financial education fun and accessible. And as soon as I gave them the money, I never heard from them again. 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 was already doing other things, but now I'm starting to understand investing. If docs are in shock as a pandemic clock, tick-tocks, then locums is the token to unburned the burnt out broken. Jaspreet Singh: That is a guaranteed route to being broke because all you're doing is saving. Jaspreet Singh (@minoitymindset) Instagram photos and videos I'd be happy. I gave them a big chunk of our marketing budget. And somehow in there you went to law school. I can help give them exposure. doctors, attorneys, professionals. I went on mission trips to help prepare myself, to get ready to go to medical school. It's very consistent with your philosophy on money all the way through. When you don't have to struggle and worry about how to pay the bills. So don't do that. They can look rich. Some docs are overworked. I was 19 years old. I said, You're telling me I can get paid for this?' When somebody goes out and they mine gold, they have real money. Dr. Jim Dahle: My parents started calling their friends. Thank you, Jim, for all you do. Its all in student loans and yet you're sitting here blowing all your money?, Jaspreet Singh: And eventually if you keep doing it, that audience will gravitate towards you and theyll want to watch your type of content when it comes. Serial Entrepreneurship and Creating a YouTube Business with Minority Because anytime they talk about raising tax rates, I joke around about this with my family, but the people that get screwed over the hardest are doctors. And so, they'll have layers upon layers upon layers of administration. Do you feel like you're a member of a minority writing for other minorities? Our most recent review comes from Lollipoploverlulu. Jaspreet Singh: Our quote of the day today is from Tim Ferris, Doing less meaningless work so you can focus on things of greater personal importance is not laziness. So I had my own ways of doing it. Tell me about that. And then from there I just started doing it, just started talking and somehow people caught on and they loved it and we grew from there. There are so many people doing it. You start to question the things that we're ingrained with to believe. I now had an asset that was paying me $600 a month in rental income. My uncle is telling me, Jaspreet, have you lost your mind? So, this is for non-necessities, things that you don't need to survive. 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? Registration is open for The Physician Wellness and Financial Literacy Conference. And I was going crazy studying for it. And every single money book that I read said that wealthy people invest in real estate. In addition, Singh is offering his brand new e-book, Get Richer Sleeping . I have no problem if somebody wants to spend $500,000 on a car. Jaspreet Singh: As opposed to deflation, which is good for average people, because now the value of a dollar gets stronger, the price of things go down and now your savings have more buying power. We'll just take a percentage of the revenue that you generate from cover, the money that you charge to get in. And of course, you can reach out to us. Jaspreet Singh: I didn't mind that because first, I didn't really know what I was going to do with my life. They asked me if I had the monetization on. Right now, the biggest liability for the average millennial are student loans. Why? I mean, it really comes down to that, when you go onto youtube, you dont want to sit there and be bored. It can't stretch as far. I knew I was doing things, but I was still kind of not fully certain. I was already doing other things, but now I was starting to understand investing. And what's interesting is the single type of income which has the least tax loopholes which has the highest tax rates [is] earned incomethe money you make from a job and more specifically earned income from high income earners, aka doctors, attorneys, professionals. Some people will say, It is my duty to take care of people and pay taxes.' I had gone through so many problems. Jaspreet Singh: Well, if your pay doesn't matter, then tell your boss not to pay you. I took a speaking class and one of the projects was to pitch a product to the class as if the class was a group of venture capitalists. It opens up possibilities for people who are willing to think different and do things different. At first, I went out to Udemy and created a class on How to launch a business without getting screwed over? I charged $7 for it. I learned how to live below my means because we were never poor, but we were always like penny pinchers in the sense that Why would we take two cars when we can stuff eight people into one five-seater car? So I decided to start looking at rental property. They ran away. People want some other value. So, if I want to become a doctor and I want to get the best financial return out of being a doctor, how do I do that? You had all this interest in entrepreneurship. It happens consistently. Yes, thats a pretty good gig they've got gold with inflation running 5% and borrowing at 2%. And so I think its partially just being you. But you've said, if you can't buy five, you can't buy one. I was like, Present what? We would like to show you a description here but the site won't allow us. Jaspreet Singh , Founder, Minority Mindset & CEO, Market Briefs Headshot of Jaspreet Singh Jaspreet Singh The Minority Mindset & CEO, Market Br. People encouraged me to start a social media page. If people are not pushing you to be better, get away from them. What advice do you have for them? They can't afford to do that. You're already working six months out of the year, January through June, just to pay your tax bill. Jaspreet Singh: Jaspreet Singh is an entrepreneur and an investor. And the second thing they are trying to do now is raise taxes, especially on high-income earners, cough-cough doctors, as a way to earn more money. And this is what so many people do not understand. I was like, Oh, that's easy. Jaspreet Singh: Then in the 80s, my family was in India. Jaspreet Singh: I had no idea what to expect in college because my parents didn't go to college here. I look forward to hearing from you. And I did school that did all of that and I was always doing my entrepreneurship stuff on stuff on the side because data approve of what I did. 1y. I had done the volunteering. I don't care if the price of gold goes up or down, it doesn't matter to me. Get your tickets today! Jaspreet Singh Net Worth 2023: Wiki Bio, Married, Dating, Family He did his schooling at Sri Guru Harkrishan Public School, Amritsar. Just giving you a lecture on information, but was getting bored of it. And it's obviously a bit of a play on words with multiple meanings. And did you ever practice law? Why do you think that resonates? I grabbed my backpack. Should YOU be a business owner? @tombilyeu . . . # - Facebook Because again, I didn't have any formal business experience. You have one life to live. I wanted to do it because I thought it would make me successful. He is part-time like I am. So just learning how to express yourself and talk in front of a camera, it just gives you the extra practice. Optimistically, Jaspreet Singh could make up to $582.44 thousand a year. Jaspreet Singh: But anyway, welcome to the podcast. I saw the meaning of really saving, saving, saving. We will send a copy of The White Coat Investor's Guide for Students for you and every person in your class. And every single money book that I read said that wealthy people invest in real estate. It's burdening young people. I was already running my own business. Money Management. Dr. Jim Dahle: I had the pleasure of . m2jaspreetsingh (@m2jaspreetsingh) | Twitter And money was taboo when I was growing up. With that said, let's dive into why Jaspreet felt the need to create Market Briefs, its . And then all of a sudden, I just started generating revenue. I never once learned how I could use my money in a way to give me financial freedom. Jaspreet Singh: Am I going to say, Dang it, I should have tried something else? He moved to Montreal in 1990 where he completed both an M.Eng. His topics include real estate investing, getting rich during a recession, and helpful moneymaking habits. And I thought, OK, this is cool. This is White Coat Investor podcast number 236 Jaspreet Singh of the Minority Mindset. Dr. Jim Dahle: To break away from the majority mindset thinking to now start thinking differently. Jaspreet Singh's household originates from a state in India referred to as . What if I dont make it work? And you're seeing the same thing there because they live digital lives. We went to an underserved school here in Detroit. Jaspreet Singh: Jaspreet Singh: Minority Mindset - David Perell Humans are emotional beings, not rational ones. By that time, I was making good money in law school. I have a passive strategy where every week I have money going into ETFs that give me exposure to the general stock market. I spent a while creating the technology. Jaspreet Singh: Dr. Jim Dahle: I was studying for the MCAT and I was running a business at the time in college. Somebody would have told me when I was getting started with financial education and entrepreneurship. Week 5: Be Great. Minority Mindset Jaspreet Singh overall profits are growing every day, and he is also becoming more popular. Intro: I started a number of companies. Jaspreet Singh: Lesson 1 - You Only Live Once: Climb to the top of the mountain so you can see the world, not so the world can see you. And so, I work with entrepreneurs. The whole idea being that if you got $100 in the bank account, you can't afford a $100 pair of shoes. But on the second hand, it is the number one asset. That was when I decided that I would put something out there to help people launch a business and not get screwed over.. Listen to the Milestones to Millionaire Podcast here. We have a couple of other channels that we recently launched. Because if you were in your home, there was a chance that you could have been killed. And remember, locum tenens tends to trend as a godsend man to burnt out ends. It used to be. So they grew up with very traditional values. It makes the majority of people who do not understand it poorer, and makes the financially educated richer. So, that's why we want to see more inflation. Jaspreet Singh: Click to learn more! All of a sudden people saw their money become worthless overnight. Dr. Jim Dahle: