How The System Is FAILING & Leaving You Broke 

Thank you for watching! :) If you enjoyed this video, you should watch: Real Estate Investing - 6 Things You Need To Know Before You Start Investing ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-75lDoldC31A.html

University is the only service I know where the cost can go up when the quality gets crappier.

Another solution: Go to a local trade school for plumbing, electrical, welding or one of the other blue-collar jobs nobody wants to do anymore. Set up your own business and make six figures a year. Trade schools are still cheap, and going into business for yourself entitles you to lower tax rates. Win-win.

My dad used to (gently) push me to get a "safe" government job and my masters degree. But I didn't see either being worth it, so instead I went contractor for government for much better pay and invested in real estate.

I definitely think the system is designed for us to fail. im 28 and just now getting into learning how to manage money, investing and starting a TFSA. WHY was i learning calculus, and BIO in High school and there were NO classes on money management, how to do taxes, investing, etc... im curious if anyone had things like this in their education system.. i think kids should be better educated for life and at least we have thing like RU-vid now to help us fill that educational gap.

No lie, I regret going to school. Now I got students loans and still no job in what I went I school for. In fact, the school closed down years after I graduated.

Nothing is more powerful than compound interest, it's either working for you or against you.

They always teach you in school how to get a job, but never teach you how to be an entrepreneur.

You’re always on point.

There are people going to school and stay in school for 6 to 10 years . Yeah that's reality. Student loans for life. Then spend 20 years to pay off. That is the system.

I had an epiphany I was looking at some of my paychecks from my last job and realized that $98 (approx) per paycheck was taken out for taxes. The job that I worked at that time was $12/hr, basically making $96 a day. This amazed me because of taxes I was working 5 days a week but theoretically only getting paid for four due to tax. So, one day out of the week I was basically volunteering my time to go to a job that I didn't like (plus having to spend $18 for an Uber just to get to work) and I didn't realize this until LONG after I stopped working there and everything started to make immense sense. The 'American Dream" really ain't a dream, but I've gone into my own ventures full throttle and I'll never be slave to a 9-5 ever again!

What USED to make America great was the very real possibility for a man (yes, a man), whether born here, or immigrant, to work hard, get an education (which was way more affordable), and move resolutely up through the economic strata to success. For the reasons you mention, and more, that possibility to create upward financial mobility has vanished. Today, those who make it tend to be the fortunate beneficiaries of intergenerational wealth.

So called 'Safe Jobs' aren't so Safe

Man, I always felt I was different than most people,most people are okay with living an average life spending a big part of it pursuing money to buy nice things.But not me. I was aware of how the system slaved us trough the money but I wasn't sure how to get out of it. You put me back in the right track and help me to be more motivated and focus. Man you are my inspiration thanks a lot!!

Even Walmart is no longer "safe job" lots of lay offs happening in favor of e-commerce, I want to aim higher than Walmart, I had major lung surgeries, currently age 30 and want a better life :) your videos inspire me, Jaspreet :)

I'm currently 16 and I'm honestly so glad I came across ur channel a few months ago. It's because of u that I now read books to increase my knowledge of being financially literate. It's amazing how people my age don't realize how young we are and how we can take that to our advantage to make all the risks we want in the world without any risk at all. I'd personally like to thank you for all ur hard work u put into each of ur videos and with nothing but the best for u.

'Don't have to follow the masses because they're doing something... sometimes the m is silent' I died! Good info as always Jaspreet.

Ok, changing my mindset today. I am 73 yrs young, never too late to change or learn something new.

"The M in masses is silent" lol. Funny. I enjoyed the video!

Nailed it it like a boss Jaspreet.

i believe your right, i owned my own business for 40 years, and during that time i started investing money in dividend-paying stocks, then my parents and brother died and the 2 nieces started causing stress and i had a stroke and became disabled so sold the business and blocked the nieces and get dividend income every month, life is good, im still investing in dividend stocks. thank you for your videos

I had the Ethiopian immigrant parents but didn't get the "get your education" talk, mine told me to stop standing out so much and dumb myself down. Sigh.. war time trauma. So now I have to teach myself why I should care about money. Thanks my fellow dravidian 🙏

Beautifully said, Jaspreet! Conventional wisdom just doesn't do our financial prowess justice. It encourages us to lead incredibly consumeristic lives, and we wind up working jobs we don't truly enjoy in order to pay for things we don't rightly need. Not cool! Thanks for being an awesome voice in this discussion.

I always knew about inflation but never thought about some expenses increasing faster than others. It's completely true with the price of college, housing, and just our normal cost of living. If we keep following what people tell us, we are not going anywhere, anytime fast. Start being weird!!!

I'm from Jamaica. My mother didn't know anything about financial education. Her aim is to give me what she didn't have..An Education which will enable me to get a good paying job.

Damn!!! Why didn't i see this channel before?? I feel like I wasted so many years of by life by not knowing about this channel:( But now that I know I watch your videos every single day as i want to compensate for all the videos you have posted. One thing about your videos is that your content is so perfect and precise and no b**lshit at all. You don't even waste a single sec on marketing your channel. JUST PURE CONTENT!!!! AMAAZINGGGGGGGGGGGG!!! I LOVEE WATCHING YOUR VIDEOS.....KEEP POSTING DUDE. CHEERS:)

I started watching this channel a few months back. I listened carefully and understood what he said. I then got worried about my financial situation and started to think i need to do something. I then just stopped and i was ok. I lived my life and was ok. And then i started to watch him again because it was on my recommended list and then all the financial fears and worries came back and i just felt unsafe. Just remember you are your own reality.

The system is doing exactly what it was designed to do. It hasn't failed us. It wasn't designed to help us prosper.

Great points. Have entrepreneurial spirit.

it might take money to feed people, but no where near as much as you might think, Look into Guerrilla gardening, (where you go to some random properties that are overgrown with weeds and not being used for anything else and just plant stuff with out asking, then wait and come back later to those places to get the fruits and vegetables that grew there) if enough people started just buying 10 dollars worth of seeds and all went out and planted anywhere they could in a bit of a co-ordinated effort, you would see a whole world full of food in one season, and some of these plants are long living plants that will generate food for years to come, so then its just down to learning how to use natural methods of rejecting insects and the like, like growing flowers that bees and other flying insects will eat the pollen and make honey but worms and the like (sometimes even the larva of the flying insects) cant be around, as well as chemicals that occur in nature to resist both insects (boric acid, diatomaceous earth, ect for insects, and borax and such for molds and the like) to improve crops that start yielding year after year and no one complains while abandoning those places that the owners notice and start complaining :)

I've been watching these videos for over a year and signed up for the newsletter yesterday. I want to thank you for all that you do to educate people. It is fascinating to learn about how you grew up, and I can hardly wait to get the next email. My parents did encourage me to do well in school, I would be punished for any grade below a B, but they didn't have a certain occupation in mind. They didn't go to college and didn't seem overly concerned about my going to college either. It wasn't until after my son took an interest in photography, and my father encouraged him to study it in college, when I realized that my parents believed ANY degree was valuable. I agree with you. Our system is outdated. I think most people aren't taught financial literacy because most parents and teachers don't understand it, which is why your mission at Minority Mindset is so important. Again, thank you for all that you are doing.

Dividends: true passive income, has less taxes than you working your job.

YES, I do 'KNOW' the education system has and is failing. I learned a lot from my teachers, but barely through the curriculums taught. It was more of a one-on-one conversation where my eyes were opened to the truth around me. I've had an interesting journey and I really admire your enthusiasm and boldness. Thanks for making these videos.

Totally tired of working my butt of and going no where. One source of income doesn't cut it especially now that I am transitioning to being a single mom.

I totally understand the pressure you were under to become a doctor. Growing up poor in New Zealand in the 70s and 80s, I was always told to get out of school early and get a job before all the other kids started looking. At 11, I got my first after school job carrying bags to rooms at a hotel. Then at 14, I got a milk run, delivering milk. At 16, I got my first full time job in a video store. I wasted most of my life working low paid jobs to survive and now most of those jobs don't even exist anymore. Now at 45 years old, I am finally getting somewhere because I am finally doing what I always wanted to do. Follow your dreams. I wish I had, much earlier.

Hey, I'm from the email. I was born from a Polish immigrant family in a town just beside Ustka, both of my parents were college dropouts, my mother doing accounting for 1 year, and my dad doing economics which he dropped out in the 4th month. When I was born, my mother was 20 and my dad was only 23. (my oldest sibling is only 1 year old than me) Both of my parent's parents used to be all alcoholics which would meet up in bars and make then drunk hard while my parents waited home for a beating, they were never guided or inspired by their parents, they were just told: "you'll know when you're older." My Father's dad made a big company on road signs in Poland and he drank it to the ground. My parents were always young friends and they met each other from the past 10 years ironically, when they both went shopping for beer for their parents 🤣. Fast forward bit, at the age of 3 I was, my parents decided they should leave to leave this hole, so they did... In Ireland, Limerick. With no financial, emotional or physical support from anyone. My dad worked so many hours is a milk farmer and would bring me sometimes there. (1st strike of nostalgia crying...) Age my both brothers we're born Age 10, my dad decided to stop working as a farmer and decided to make a handyman company, and I was going very well slowly expanding with customers from around the county. Then my mother started working in a nursing home but she had to do a few years of college for that during her work. I was 13 as this age, I was a pretty smart kid, I was not liked by anyone really in the school because I was different and never did anything stupid and I took care of my self (drinking, smoking, shoplifting) The best subjects for me was Business and Maths, I had the greatest teacher ever in the start of middle school in maths and an ok teacher in the business. I knew that I wanted to become a businessman, I was financially experienced because I sometimes helped my dad with the taxes and help from my sister which also did business, I always dreamed of going to London University of Business or Harvard for bachelor and Masters in one go but that was a long way, I was terrible in Irish (yes that's a dead language we needed I learn for no reason) ok in French and good in English, I wanted to do taxation so I worked really hard with my parents and sister support to bed good grades in those to subjects and somewhat good in the rest, I was getting A or A+ in my top 2 and C or B in the rest and I dropped Irish for polish because why not, I finished doing, Eng, Pol, accounting, economics and Business 😳. And got enough points to go to UL to get my bachelors, in Law and accounting. I am just about to start college in a few months but with coronavirus, I don't know. I am surprised that I and my sibling got so much support from parents who worked really hard for a mortgage for a house worth 250k on 3.5% at age 14(me) and really worked to us all to have the best things and started from nothing.

the extent of having an entrepreneural spirit goes a long way, as you've explained that starting a business means taxes will be less of a burden than in the case of earned income. I'm learning. great vid👍

40-40-40 doesn't work anymore. No such thing as job security anymore and yet society still thinks that you can keep your job as long as you work your ass off.

Inflation isn't just an increase in price according to the CPI. It is an increase in the money supply that weakens buying power, thus requiring more money to buy the same product. Thus, not all price increases - like the skyrocketing cost of education - can be explained by inflation. The higher cost of education is the result of institutional demands and the availability of money in the form of student loans to pay those demands. Apparently, the staff and professors at modern universities require more money to impart information of ever decreasing value.

With respect to education a few things. You can actually test out of up to two years of higher ed with CLEP and DSST tests. Academia doesn't really promote it because...well they make less on it. I'm not saying you can walk out with a bachelors in a month but taking a summer to test out of a semester certainly is doable. I've personally met people that tested out of two years. Also parents can use a 529 plan that pays for higher ed at a locked in rate. If a parent puts it in say ten years prior it can add up. Combining these two has some pretty good power. The median student debt is about 25K. Which is about the same price as a wedding or a new car. At the same point we encourage marriage and cars (cash for clunkers). The best advice to any profession is to talk to people that actually do it. If you want to be a plumber talk to a plumber. If you want to be a teacher talk to a teacher. They know the regulations and market trends going on. Anyone else giving you advise might not be accurate (think high school guidance councilor), might not be timely (retirees) or just flat out could be lies (media).

I am 31 years old and learning about money. I was neglected and never taught anything or pushed to do anything. I give credit to all my teacher but found my path on my own for the most part.

I’m a new subscriber and I glad I stumbled upon you. Read your email and I think a lot of kids that come from foreign parents can relate so much with your story. I’m Nigerian, and for a LONG time my parents swore me and my siblings will be doctors or something in the health field and because of that I really believed that I will not be successful if I didn’t do anything science related. But I’m starting to realize, my life isn’t limited to just science and my “Nigerian parents mindset”. My dreams, to be an artist, may seem unconventional to them, but I very much believe in it and can make it a reality. And learning about financial stuff are the tools that I need to become successful. Thanks for sharing your story cause I feel more connected to you and know the education you’re giving is genuine and reliable ❤️

I came from a very small town in Texas, with like 200 people tops. I grew up poor, we had water but no electricity and no gas. Hung our clothes on a clothes line and heated our water with a charcoal pit to take bathes. My education was pretty much given to me. They just passed me because they wanted me to graduate. I honestly didn’t learn much in school. Which btw I had a graduating class of 29 people. We had some of the same teachers from when I was in elementary to high school. I had to learn the hard way after I got out of the army that debt sucks, when you get into debt your making the system money. I’m now 25 years old, debt free, own my own truck, with a high interest savings account and cash set aside for emergencies. To anyone reading this, you can do it. It’s not pretty, it sucks but the last payment on a loan or a credit card is the biggest relief ever. Channels like this are pure gold and better than anything you will learn in college or high school

I lovr learning from your content thanks man!

The system is not adapting to life as it is now. I was killing myself out to get my degree and I am still working in an entry level job and living pay check to pay check. My mindset had to change for things to get better

Thank you for expressing it in that manner. I’m told money isn’t everything but you need money to live.

Well, watching this and reading your email I was always told that I needed to go to college or go to work. I chose to join the military and have them pay for my college. With out the military I would not have been able to afford college to get the knowledge to actually pursue the things that I'm interested in. I love space and I love technology. After over a decade from graduating high school I can finally afford to pay for a doctorate in Aerospace Engineering. College costs too much and we shouldn't be reliant on the government to pay for it. Last time we let the government into education look how public education turned out.

Jobs aren't disappearing from automation as much as cost-cutting; the few full-time employees that are left have more responsibilities and benefits have been slashed. Many institutions now rely on part-timers and freelancers who don't get benefits. Furthermore, retirements are now the employees' responsibility and many of them are getting duped into 401K plans (that some employers will match in lieu of a pension). It's all to lower the bottom line. However, I do appreciate this video as encouragement to accept more responsibility in shaping our destinies.

Hey i just wanted to thank you so much for beginning to open my eyes and begin to see money and financial future. Now i watch dozens of your videos daily. My money appetite is starving, I'm starving for education and I'm starving to have a future a real future! I don't and can't drive a truck forever. And i absolutley love the 50/30/20 rule. It makes my budgeting so much easier. It doesnt matter what i bring home, it matters what you do with the money you bring home. Again im sorry to ramble but i can't begin to thank you enough for opening my eyes and brain. Oh btw im 49 years old and still planning on retiring with enough money by the time im 65!

Thanks a Jaspreet, just watched with my ten year old daughter and we both love the message. You are really helping. Just keep hustlin......

" So, I'm no Bob Ross but let me paint a little picture for you. The price of schooling is skyrocketing and you're having to pay a premium for that nice job where you'll be paying the most amount of money in taxes and if that was not bad enough, the amount of money you're making isn't really keeping up enough to keep up with the price growth of things that you need." - Jaspreet Singh

I totally agree with you. Home finance and banking should be tought at school. Along with first aid. Thank you for another great video. Keep it up

I have been watching your videos for at least a year now you are so right about alot of stuff. Growing up black in America I have known for a long time how broken this system is. I look forward to the ups and downs of my financial journey.

The M is silent that made me literally laugh out loud..... great video bro

Hi, I'm really enjoying you're videos. It really waking up my awareness. 👍👍👍

I was just browsing and I ran across your Channel not to be religious but I ran across this channel for a reason God is good thank you so much for your information and I will share it

Once autonomous cars and ai jobs take place, we’re gonna see some big changes

Thank you for connecting the dots and articulating what many of us have been thinking for awhile.

I have been lied to and was once stuck in the old majority mindset. I am going to be a business man someday and it will change the way of living in my family💯🖤💪🏾

It depends on what business youre in. Some businesses(and corresponding majors) make much more than others

I have a poster in my house it says. Just because it's the path most trod, doesn't mean it's the one I have to tread. I love your channel you make so much sense I totally get what your saying.

I started a driveway repair business and most people are very happy with my work and get me a tip. 400$ for 3 hrs work ain’t bad.

I am so appreciative of this information Jaspreet...sorry if I spelled your name wrong....You have been encouraging me to be that entrepreneur that I know that I can be just for the ideal of Independance to be free to make the decisions according to what I need in my life. I'm reevaluate my thinking of what success is, truly, it's more about health, the ability to make my own decisions daily, weekly, monthly and futurewise. I am also learning that some of the things that I valued were just materialistic versus trying to have a healthy diet and spending more time with those that I love. Now, I don't believe in being broke and then I have all the time in the world either... But you spark a desire with in me to see if I can do something for myself in the ways of earnings and owning. Thank you

My dad also wanted me to be a doctor. A summer internship gave me a book on financial literacy which I read at after I realized first how a CD and a savings account just can't in terms of saving anything after trying to do so for my entire time as an undergraduate student with these methods. Also that experience and reading the book Rich Dad Poor Dad really put it into perspective for me.

Built to fail. This is true. The most disturbing question you have to ask yourself is... why is it built that way. Imagine if we were all built to be successful.

Subscribed to thw news letters and just finished reading your ebook. Honestly thank you for everything you are doing. I had read rich dad poor dad and it is great, but I guess because of the age difference it doesnt resonate as much with me as the way you bring across your points and deliver info. You gave me a very different perspective on investing especially and I want to study how to invest in stock which is something I always thought of as a scam simply because I didnt understand what it truly was. Sorry to ramble but thanks Jaspreet really. Looking foward to keep learning with you and begin putting that knowledge to action very soon. Much love all the way from the island of Puerto Rico!

Jaspreet Singh! Thank you so much for all the motivation! Excited to Make it Happen!

Dude! I slent my teenage years working various jobs, my dream was to become an ophthalmologist, I was completely in love with a career like my uncles and grandparents which were also doctors. But..... I was told pretty much daily to follow my dads footsteps and go to college for construction and engineering, I gave in and while I have made good money, I was always taught to work hard and save money, which I would sometimes spend to easily.

Hey Jaspreet. Like your content. Late Bloomer here. I am tired of exchanging my time for pay. Want to change. I just turned 60. Significantly depressed over wasted time in the daily grind. Hope I can change to enjoy life a little before I leave. Thanks , Andy

Yup we learn from a young age that we're should go to school to get a good education to get a good job, but really we should be aiming to start business and provide jobs. They don't want us to know that. Your videos are educational as always. Thanks Jaspreet.

Definitely letting us all down. There’s gotta be a better way!

You are 💯% correct. I really enjoy you spreading the word, keep going.

My mom always told me if I ever wanted to be successful and have a house I would have to get a degree and sit in an office all of my life. I went down the road of trade work instead and am now trying to find a way to help give my family some cushion so we can go on trips and do things together hoping with some hard work I can set us up to never have to worry again

The system has definitely failed its people. I'm not going to disclose my age here, but I'm no longer in my 20's & just now gaining an understanding of money. The mantra in my house growing up was, "money doesn't grow on trees" & "we aren't keeping up with the Joneses." Not only did those sayings do nothing for me (& I could never figure out who the dang Joneses were that my mom kept referring to), but it gave me zero insight on what was to come when I started to earn an income. I have had no real financial guidance until recently. Unfortunately, I have student loan debt & I am only at the community college level of my education... Now I know & still have much to learn. It's terrible.

Really a good eye opening video. Thanks jaspreet.

Dude you're opening my eyes to things I've never known in my life. I'm so happy I found this channel. Hey listen, I got your digital book and am subscribed to your newsletter. I'll start reading these. I have GOT to learn smart ways to invest and be smart with my money

4:22 "Disencourage" is not a word. The opposite of encourage is discourage.

I've watched this video previously but I'm back because of the e-mail. My mom was the same except instead of Doctor, she wanted me to become a Pharmacist. Even if she let me pick my major, she voiced that she wanted me to become a Pharmacist. Because of the split motivation of wanting to do something I like and something my mom wanted me to do, I struggled in school. I felt like I wasn't getting any support when it came to web design and programming, and after a dry spell of jobs, my mom continued to say I should have became... a Pharmacist. I'm now a Pharmacy Technician and I can see the outlook, I definitely don't want to be a Pharmacist. Automation is also catching up and the Pharmacy field is getting over saturated. Big retail companies (you know them) treat their staff like trash, compensate the Pharmacist monetarily but not staff-wise leaving them overworked, and Pharmacy Techs are severely underpaid. I don't say that just because I am one, but because every other licensed professional in the medical field has a lower threshold that I would love as a Tech. I'm now going back to school for something that is more my towards my interests, Radiology. The education doesn't cost nearly as much (< 10,000), time invested is much less and it would still supply an income that would be a bump up from my current status. Just wish I had more support from family, but sometimes you can't make even the closest ones to you happy.

100% agree. My two degrees didn't help me in anyway. Now my business is my main focus which it should have been instead of going to grad school. This video brings to mind System of a Down's "F*ck the System".

I have been warning my friends and family. Be prepared or be sorry cause no one cares if one eats or not. That's how this world is.

So basically unless you major in Computer Science or Engineering you are screwed? and if you major in them you are still screwed

This is gold... great information here! We need to wake up as a population and get with the program. The lack of financial education is tied to numerous issues. Cause and effect! We need to stop blaming the government and out companies for OUR problems! Develop your financial IQ and take action! Surround yourself with other like-minded and motivated people! Support each other!

Straight up facts no bullshit! Main reason why I watch your channel. Keep making great videos and thank you for providing us with the motivation to KEEP HUSTLING!!!!

My family is from Mumbai, India. I was strong in math and science. I was a straight A student and Jaspreet is absolutely correct about the pressure. I never earned a B in school, not even during my university years. There was an expectation for me to become an engineer. I didn't have ANY classes during school regarding entrepreneurship. I didn't learn about PASSIVE income until my thirties!

Wages have not gone up with everything else. Min wage is still 9 bucks an hour! ugh

Earned Income. Earned Income is the money that you earn by doing something or by spending your time e.g. the money that you make in your job, the salary you get by working for someone else. ... Profit Income. ... Interest Income. ... Dividend Income. ... Rental Income. ... Capital Gains. ... Royalty Income.

Thank you for providing answers !!

Thank you, Jaspreet! Especially multiple income streams are highly underrated and unknown!

love all the content i found this year on Minority Mindset

As Always, thanks for the WISDOM!!!!

You're 💯 right! Thanks for your inspiring videos. I have to make a lot of changes.

My expertise is day trading. Your channel has provided me with such info that I could use and benefit from. Thanks bro...

Thank you so much... I’m going to share your page to my college age daughter. You are helping me so much.

So, I was aware of some of this, by reading a book few years ago "rich dad, poor ..." , however, I am still more drawn into your videos than his work. I had started going to college last year, but it was stopped after 5 months due to a auto accident almost killing me. Now im still recovering, I am older, 39.... but i know that what ive done this far just to get by till my son got done with high school, and try college. Well, real world doesn't work. Taxes are too high, work more hours, and surprise! They take more taxes out of your check.... it truly is a slanted system. I have known that, just been afraid to break free. But, the points on student loans, and housing loans, i didn't know. That, is insane.

02:03 I don't know why but I love it when you count with your hand✋

Student loan interest in Sweden is 0,31% this year. Tutotion is free and we get about $100 in support for each week we study. After 5 years of studies my student loan was $30 000 and I had some money in my pocket (bank).

Thank you these videos have changed my mind set completely 👌

To be frankly honest Minority Mindset is the perfect youtube Channel that I have ever subscribed to on youTube, i have been following many successful entrepreneurs but this RU-vid Channel really did change my mindset. I know what i have to do now🙂 : (i) Spend less (ii) earn more (iii) invest like craze Thank You Jaspreet, God Bless you.

It appears that the American financial system was constructed in the form of building wealth through free labor. As this system has evolved, it has changed to get as close to “free” as possible, with wages not keeping up with the rate of inflation. A structure like this doesn’t aim to build wealth for the majority, only for the minority. You have to be willing to step out of structures that were considered “safe” once upon a time in order to create without restrictions.

Very reasonable. In fact, right on target.