So I was like, whats my guarantee? The whole idea being that if you have $100 in the bank account, you can't afford a $100 pair of shoes. And yet I'm sitting here hosting these club parties. Our expectations of what is the brand are changing just as much as content itself is changing. He told me to go study and become a doctor. I now had an asset that was paying me $600 a month in rental income. So, that business was growing. Now you're finally working. I was like, let me, let me put something out there to help people launch a business and not get screwed over. You're saving dollars. I never really had any guidance. Jaspreet was born right into a hard-working immigrant household that, like many different households in related conditions, desired for him to change into a profitable physician. Although he didn't receive any formal financial education - he's on a mission to make financial education fun and accessible. Many people ask about the amount of money Jaspreet Singh makes from Instagram. The easiest way to understand what it means to afford is just to follow my rule of five. But the reality is people are driven by emotions. Jaspreet Singh: But the question that I have is who's going to make the best use of your money? This is something that I own. 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. Jaspreet Singh: As more and more money is printed by the federal reserve bank and the government, more dollars enter our economic circulation. 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. Now, Im writing a book about Naked Brands. I gave them a big chunk of our marketing budget. The first one on it was Don't put your paycheck on social media. 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? I thought that everybody goes to college to study and spend Friday nights in the chemistry lab doing reactions. Lesson 2 - Protect Your Assets: Estate planning, how to use legal tax shields, and asset protection strategies. And so, obviously there is a time and place for government, there's a need for them. So, that's how things started for me. Because again, I didn't have any formal business experience. Now, one of those businesses involved an invention of yours. https loop pointrecognition com login south Jaspreet Singh: It's not how much money you make, its how much money you keep and what you do with your money that matters. They're coming out ahead on that deal for sure. I believe that we are the strongest economy in the world and investing in the stock market gives me exposure to that. And this is why financial education is so important because you need to be the person now that isn't living broke to make other people rich. The whole idea is we are taught certain things about money. I liked that you can kind of get that cool feeling of going, Oh, you're the party promoter on campus. So I talked to my dad, Im thinking about investing in real estate because all these books are talking about it and the new says that real estate is really cheap and my dads like, no, you are not going to invest in real estate. Then freshman year I started knocking on doors at clubs, venues, bars, asking them, Hey, can I host a party here? Some of them would say, Yeah, sure. And they were attacked on the way. And did you ever practice law? The federal reserve bank is going to keep printing money because that's what they do. And the swag bag is great. And second, you had to leave everything. I had calls coming in from my uncle. The United States government is not a for-profit entity. Real estate prices were at rock bottom. Don't waste your time doing something that you don't care about or something that you don't like or something that you don't love. My foot is soaking wet. Jaspreet Singh: And this is where a lot of people get angry. Jaspreet Singh: Aug 2008 - Present14 years 9 months. I got married and my spouse and I bought really nice cars because we wanted to keep up with our doctor friends who bought a really nice home. Financial Wellness and Burnout Prevention for Medical Professionals, Having an Entrepreneurial Mindset and Finding Your Passion, Don't Let Your Money Habits Keep You Poor, How to Reduce Your Investment Taxes - Podcast #237, What Are Meme Stocks and Why You Should Avoid Them, Finding Financial Role Models in the Black and Brown Communities, The Finances of Professional Cyclists - Podcast #244, Physician Entrepreneurism and Venture Capital with Dr. John Shufeldt, 2021 Financial Book Reviews - Podcast #238, An Interview with Coach Carson About Investing in Real Estate - Podcast #65, An Interview with Physician on Fire and Passive Income MD - Podcast #90, 10 Things That Rich Doctor Across the Hall Isn't Telling You, Using Social Media to Promote Financial Literacy, https://www.advisorperspectives.com/dshort/commentaries/2021/09/27/the-feds-financial-accounts-what-are-uncle-sams-largest-assets. I got irritated because I didn't have any sort of entrepreneurship education and I've been scammed. And WCI con, December 1st is your deadline whitecoatinvestor.com/wcicon22 is where you can register for that. Because there are things that you can do now as a high-income earner to earn more income without you physically working, because there's going to be a day where you can't go into the hospital, can't go into the clinic to work. She was devastated. Jaspreet: It has nothing to do with the way you look, your ethnicity, your skin color. Now the government doesn't have enough money to pay for their expenses as it is. And I said, okay. And in this case about becoming a doctor. The price of everything is going to keep going up. There's a clear philosophy running through all of those assets. I revitalize them. And then you're going to look back and say, Oh my God, I wish I would have done something five years ago. And then during my free time I was reading financial news. Dr. Jim Dahle: Sure. She did not believe it. This is a blog put together by a fellow by the name of Leif Dahleen. And that's what the Minority Mindset is all about. But some people would say, Sure, we won't charge you any money. We appreciate it though. It's the mindset of thinking differently than the majority of people. I kind of break out of the norms and the traditional way of doing things. But the cost of things are not going to stay the same in three years. Real estate prices were at rock bottom. Jaspreet Singh - Top podcast episodes It used to be. 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 we don't get screwed over by the system. He said, I have learned a lot from this podcast. You've got the ear of 30,000 40,000 doctors and other high-income professionals. But on Youtube, youre getting these very close relationships with youtubers and its sort of crazy, right? You can check us out on social media as Minority Mindset. And our YouTube channel was growing. David: One of my favorite ideas that the best creators are short-term, catchy and long-term sticky. Jaspreet Singh: Jaspreet Singh: And I was like, None of you have any money. And that's what irritates me. https loop pointrecognition com login south Jaspreet Singh Email & Phone Number - Shiva Fas.. | ZoomInfo I was never allowed to talk about money. doctors, attorneys, professionals. Just that idea resonates with so many people. And you can look this up because I couldn't believe it when I saw that. Minority Mindset may earn a portion of sales from products that are purchased or recommended through our site as part of our Affiliate Partnership with retailers and brands. 199. And it wasn't like a nice peaceful journey east. I started off in the entertainment business. Jaspreet Singh: We publish blog posts there every day. Jaspreet Singh: I'd be happy. You can go into these video games and pay extra, a premium to get a Gucci skin on your player in the video game. 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. this isnt a scholarly source, but the logic seems sound that student loans declined dramatically during the pandemic. And the first thing that came to my mind was my wet socks. Now it'll probably have some changes between the time we record this and when this actually runs, but what are your thoughts on that new tax bill coming through? Our estimate may be low though. Jaspreet Singh: And then theres the big question: is it right for you? It's burdening young people. The importance of your Mindset. Life and early career. I decided to go with that. Jaspreet Singh: Our sock company was making good money. 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. Gold, silver, cryptocurrency, real estate. Money is a representation of value. Because you can do what you love and you should do what you love, but it's a lot easier to do what you love when you are OK financially. I was contracted by some of the biggest clubs to do their weekly parties. Jaspreet Singh: Jaspreet Singh (@MinorityM1ndset) / Twitter It is a core tenet in my religion to give back. I haven't licensed any technologies. I don't care if the price of gold goes up or down, it doesn't matter to me. He is the founder of Minority Mindset, 5 Water Socks, and 5 Water . One, I never learned about this stuff in school. Market Briefs exists as a separate entity from Minority Mindset. He told me I was stupid. I am an attorney. People and brands operate on a spectrum now. Let me try that. YOU HAVE 5,000 FOLLOWERS. And if you continue to follow the majority's advice, the traditional advice, you're going to be broke. What should I do?. It's burdening young people. My God, its horrible. And just look at the next generation. Give us $10,000.' And that's when I started to really ask myself, Is this the right thing for me? Inflation is a hidden tax. Jaspreet Singh: Minority Mindset - David Perell Its story time, brought to you by locumstory.com. Why am I going to go to your brands page? Jaspreet Singh: Knowing how to work hard is extremely important, but you need to know how to amplify that by working smart and saving smartly. If you're doing something that you hate, it's never too late to change. But something in the back of my mind told me that's not true. Jaspreet: I never even knew what entrepreneurship was. This is where my passion was. You don't get the low tax rates that an investor gets. The whole idea being that if you got $100 in the bank account, you can't afford a $100 pair of shoes. That is a guaranteed route to being broke because all you're doing is saving. And people will say, Oh, I'm not affected by that. All I need to do is become a doctor. I had calls coming in from my uncle. It's the mindset of thinking differently than the majority of people. The conference is in Phoenix on February 9-12, 2022. Then I have an active strategy in the stock market where now I look for undervalued companies, Im looking for companies that I believe that I want to own for the long-term. Jaspreet Singh was born in the year 1979 (age 31 years; as of 2020). Every tax dollar they pay gets funneled through the politicians and the government. The Market Insiders app will give you access to live calls multiple times a month where you can apply your financial education to what's happening in the economy.
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