How To ACTUALLY Earn Passive Income So You Never Have To Work Again

Подписаться 1,9 млн

Просмотров 172 тыс.

50% 1

Subscribe to Market Briefs for FREE and get my daily financial newsletter: briefs.co/mark...
My recommended tools*!
*Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on RU-vid.
----------
➤ Invest In Stocks Passively
1) 📈 M1 Finance - Buy stocks & ETFs on autopilot:
theminoritymin...
----------
➤ Life Insurance
2) 🛡 Policygenius - Get a free life insurance quote:
theminoritymin...
----------
➤ Real Estate Investing Online
3) 🏠 Fundrise - Invest in real estate with as little as $10!
theminoritymin...
----------
➤ Upgrade Your Career
4) 💼 CourseCareers - Get the skills to get a better career:
coursecareers....
----------
➤ Buy Gold Passively
5) 👑 Vaulted - Buy physical gold on autopilot:
theminoritymin...
----------
➤ Business Accounting
6) 💸 CommonWealth - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: theminoritymin...
----------
Recommended:
Do THIS To Become A Stock Market Millionaire
• Do THIS To Become A St...
How To Turn $10,000 To $100,000 Step By Step
• How To Turn $10,000 To...
What Is The Minority Mindset?
"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
Follow me:
Instagram: / minoritymindset
Website: www.TheMinorit...
Want More 🥑🥑?
Minority Mindset Clips: / minoritymindsetclips
Minority Mindset En Español: / minoritymindsetenespanol
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: I'm just a random guy on RU-vid so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Опубликовано:

30 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 276

@MinorityMindset 3 месяца назад

Join Market Briefs for FREE and get my daily financial newsletter: briefs.co/market/jaspreet WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through RU-vid comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

@Breezyaon1 3 месяца назад

As an avid learner of your content, I never paid attention to it but how can you hear with ears covered so tightly, doesn't it impair you from driving?

@ClarkeGriffiny7 20 дней назад

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

@ChristianKelv 20 дней назад

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

@DorathyJoy 20 дней назад

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@JohnSmith060 20 дней назад

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@DorathyJoy 20 дней назад

Melissa Terri Swayne is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@BellamyGriffin19 20 дней назад

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

@robertbaker9176 2 месяца назад

Your seminars are so full of sensible info. They should teach this in schools.

@ashrafshagar1793 2 месяца назад

Jaspreet, I’m speechless on how much you kept my mind busy in the past weeks. Downloaded your ebook, read rich dad poor dad twice and still hungry for more, put a plan for my finances, was able to save my first $5k, research now the options of funds and etfs to start investing regularly and trying to figure out how to get into real estate investment. Much respect and I’ll looking forward to more guidance through your videos and of course many other sources (to not blindly trust a random guy on RU-vid 😂). Thanks a lot again 🙏🏽

@xAoDxNoiseComplaint 3 месяца назад

Jaspreet, you have changed my life for the better! Thank you and your team for all your videos!!! I have been watching since you had under 100k subs... er.. around there anyway. 75,15,10 has helped me big time.

@MinorityMindset 3 месяца назад

🙏🙏🙏

@abrahamalatorre 3 месяца назад

It has helped me as well. Having automations and different bank accounts has changed my finances for the better. And learned more money finance skills

@shansingh5059 3 месяца назад

I researched that as a Canadian you gotta pay currency exchange and 15% Taxes to the government when you sell or release your US investment in canada so, how’s it worth for us as a Cad to invest in the US MARKET?? please show me the right path

@dannywalters958 Месяц назад

Yes, it’s almost true but there are a few ways around it. One of the simpler methods is to use a finance expert in the US. They’re often more affordable than you might expect, have a better grasp of the local markets, and know their way around the taxes better. If all these are done right, because of the strong economy, you'd end up making some money. I’m based in Australia and have been investing in the American market for a while now, and it’s been a great experience so far. Best of luck!

@user-zl5gn5lg6 Месяц назад

Thanks man. Please how can I get a good one in the US or rather, how did you get yours?

@dannywalters958 Месяц назад

A Google search is enough but ensure you look out for those from known firms and good track records. You should also make sure the person is licensed.

@dannywalters958 Месяц назад

Personally, I use Michael, Allen Eckrich. He's good and you could also look him up.

@dr.karidouglas1312 Месяц назад

Wow! Small world. I work with him too but I'm American. Nice and soft spoken man

@GregMeg 3 месяца назад

It's tougher to invest from a small amount like ten gran for 10 yrs when you are 60 yrs old and have very little money. One might not live 10 years, especially starting at 60. But younger folks, it's a big opportunity to start now,especially people 25 yrs old and younger, if they learn this mindset now.

@fabiopovelution7639 3 месяца назад

What about those who are in their 30s is it too late for them ?

@richwealthylavish5246 3 месяца назад

Watch the video Jaspreet did on what to do if you're 30 with no financial base yet. @fabiopovelution7639

@cripz1436 3 месяца назад

I am 25 and thanks! You're right, since I've already started I'm on the right track 😊

@clarksmart2440 3 месяца назад

@@fabiopovelution7639no it's never too late. Learn about selling opinions. Educate yourself, you'll quickly learn it's a money printer. It's better than learning how to play video games.

@capsule2326 3 месяца назад

50s and no "extra" cash for any investing. Have to have money to make money.

@discorabbit 3 месяца назад

Most shouldn’t invest in individual companies… unless that company is Nvidia.

@JacobWilson777 3 месяца назад

Nvidia TSLA AMD

@davidbrooks8809 3 месяца назад

Tsla...NO😮

@JacobWilson777 3 месяца назад

@@davidbrooks8809 absolutely TSLA only company making profit in EV field and it's vehicular autonomy is ages ahead of any competitors

@davidbrooks8809 3 месяца назад

I invest in Berkshire and Amazon😊

@Amar7605 3 месяца назад

@@davidbrooks8809What’s wrong with TSLA?

@kreator-ys1yz 3 месяца назад

Making RU-vid videos seems to be one of his "passive income."

@Alpharizzchad 3 месяца назад

Because he does make a lot of sense. I have made some Special decisions and I am smiling

@Bill_Cipher1995 3 месяца назад

He put active work in to create it...

@Bill_Cipher1995 Месяц назад

@Alpharizzchad Changed my frickin' life, fr. Full 180. Jaspreet, and JOHN'S MONEY ADVENTURES, particularly setting up DRIP for yourself, so old you doesn't have to go to one of those godforsaken facilities.

@pawg206 Месяц назад

Yub he said it in a interview if he’s not making videos he’s not working therefore is not making money.

@nickatanassov104 Месяц назад

I don’t see any problem = he is teaching us valuable lessons = what’s wrong …?

@DominionAnako-bb7ry 3 месяца назад

Absolutely! Passive income is a fantastic way to build wealth and financial stability. It involves earning money with minimal effort or active involvement once the initial setup is done. Examples of passive income include rental income, dividends from investments, royalties from creative work, and affiliate marketing. It's a great way to supplement your earnings and work towards financial independence.

@moreno_163 3 месяца назад

This stuff gives me a headache 😅

@MotivationalMindset4646 2 месяца назад

My man always informative. I trust your advice about 90% cause you always say don't trust a random guy on RU-vid 😅

@welcometosusansmukbang9215 3 месяца назад

Don't think too much. Tomorrow is not guaranteed✝️🙏

@1Pratt 3 месяца назад

Best Financial Teacher On YT. Thank You For What You Do.

@kripler3001 3 месяца назад

How does inflation come into play into this 10 year plan? Because certainly $10 dollars today isn't the same as 10 years from now.

@ralphramirez1979 3 месяца назад

I'm 60 i saved 600k all in rhe credit union. Afraid to do anything. Reading about 70 banks ready to go bankrupt. Is my credit union at risk

@jim03160 2 месяца назад

U should at least put that into a fund to grow. Put a portion that u need to access in a HYSA.

@matae64 3 месяца назад

I'm 60 years old. Is investing in the stock market even worth it. I don't have the time that a twenty something year old does

@isaacvale918 3 месяца назад

You may live another 20 more years, worth it if you are still working. But a business/consultant service may be a more stable idea if you don't over leverage yourself.

@braddempsy9845 3 месяца назад

Probably not tbh

@scottykonovalov4518 3 месяца назад

Best time to plant a tree twenty years ago The next best time yesterday

@katarzynakaska2337 3 месяца назад

I would never ever give any money to Johnson n Johnson!!! Have some self respect

@LataushaTheAuthor 3 месяца назад

I would probably be making $250 a month, but I always reinvest mine.

@davidbrooks8809 3 месяца назад

You do know that dividend stocks it's not extra money it's not extra income😊

@LataushaTheAuthor 3 месяца назад

@@davidbrooks8809 did you watch his video? That’s why I reinvest.

@IRdatank 24 дня назад

My plan for retirement is to invest in aggressive growth for my working years. Then, five years before retirement, convert 10-30% (depending on how the market performs that year [up market, more convert]) into a small selection of dividend growth portfolios like SCHD, VYM, and some JEPI. That way, I never need to sell my investments and can purely live off of the dividends and have a huge emergency fund.

@IRdatank 24 дня назад

The issue with pure dividend investment the whole way is that you're missing out on a lot of growth opportunity. The only time I can see going from nothing to dividend is with a large windfall like an inheritance or lottery winning.

@ParkDari 3 месяца назад

I took all the C*vid money and put it in a basket of dividend stocks. Because we were already FI. I currently earn $101 per month but I DRIP it all. So I figure in 10 years I will make $1000 a month to pay my HOA fee. All the money is in big American companies. I never worry about losing it because I was given the money, I didn’t work to earn it.

@lars.b9802 3 месяца назад

May i ask in which baskets or stocks you personally invest? ofc ill do my own research

@barbparknavy9119 19 дней назад

Very clear, precise, easy-to-understand explanations! Thank you!

@etfeasy 3 месяца назад

Many dividends stocks are divided traps so be careful Own SPYI or BIL

@milleniallgt9715 3 месяца назад

Yieldmax funds also and FEPI is good!

@TRUEALARMER 2 месяца назад

Question: From age 0-34, I rented, owned nothing, no stocks, or diversified portfolio, $140k+ in debt, no free time. From age 34 and now age 35, I purchased a home, lost my job shortly after (on purpose), started a business, I have savings, a stock portfolio, silver, zero debt (well, I am paying a no interest CC on my mower and couch), and I have so much free time to vacation and venture into other businesses. Is my home still considered a liability, if I have no debt, I repair all my vehicles, i repair everything in my home, and I was only able to start my business that has kept me afloat since January 2024 since purchasing a home? If that does not make sense, what I am trying to say is, I have made more money owning a home, than my entire previous 34 years of life. I am aware of my interest rate, and all my money is going towards interest, right now. But I would have no space to repair and/or park an F350 Dually, trailer, skid steer, etc at an apartment. And if I were to pay for storage, thats more money being thrown out with no return.

@lopakakauakahi9263 3 месяца назад

Minority Mindset Forever! 🎊

@thefinancialconfederation 2 месяца назад

Stop paying rent That's one major way to earn passive income 😅

@alfx5432 3 месяца назад

Sounds nice but I don't have any extra money.

@aarontaylor2906 3 месяца назад

Great advice assuming you have good health and the market does not collapse! 😊

@lengerer 3 месяца назад

Also assuming a astroid is not going to come and wipe us out

@user-es5jq6yy9l 3 месяца назад

Passive income not really.. can you make passive income that is not taxed

@richwealthylavish5246 3 месяца назад

Complaining about making too much Money to where u have to pay taxes on it is a pretty good issue, no?

@papasquat355 3 месяца назад

@@richwealthylavish5246 Paying more taxes than you are required is foolish. The IRS has rules that CAN benefit us all if we just pay attention.

@4thChairman_Yume 3 месяца назад

@@papasquat355so how do we make sure we are not paying more in taxes than we should?

@Amar7605 3 месяца назад

@@4thChairman_YumeHire a good CPA that can help you pay the right amount of taxes.

@papasquat355 3 месяца назад

@@4thChairman_Yume You have to learn the IRS rules. There are hundreds of ways to reduce or eliminate taxable income. 401k's, Roth IRA's (for later), capital gains, HSA's, and on and on. Jaspreet has dozens of videos and RU-vid is ripe with great resources to teach you how to control your taxes.

@KellySilverioli 25 дней назад

Jaspreet, changed my mindset. Since i watch all his videos, only focusing on educating myself to insvest

@Endeavor545 20 дней назад

I like them all however, I have learned that if you park a big sum of cash in A dividend stock AND the stock price takes a crap, you’re stuck unless you want to take a loss. You have to hold that sucker until it at least comes back up and you don’t know when that’s going to be. It may be 10 years.

@RHRH-c1m 21 день назад

Hi I like your videos, would you be willing to guide me to invest in real estate and other types of investments? Thank you.😊😊😊❤❤❤🎉🎉🎉

@JevonMusicGroup 3 месяца назад

One can pretty much count on forced appreciation. If the numbers are crunched correctly, it's not really speculation.

@abdulelkurdi5728 3 месяца назад

So is this a 401k or this a separate investment ? Do you go to the bank and tell them you want to open up a funds or is there an app ?

@chadrides914 2 месяца назад

Good point. You’re asking the real questions.

@BeachbumfromBrick 3 месяца назад

I mean is nvidia on near worth anything ? I’d love 100-200$ a month. FOR ME. GAME OVER. I have NO kids no responsibilities! I need this

@OldManPaxusYT 3 месяца назад

lol, i bought NVIDIA around 200 then sold it when i had a financial crisis... now kicking myself!!!! HAHAHAHA NEVER SELL UR STOCK!

@lordzodiak1575 3 месяца назад

No dividend

@moose1485 3 месяца назад

Great video! I like accumulating REITS, nice and slow but over the years, looking back, I'm not mad at myself.

@Peeceee 3 месяца назад

The key here is long term. People nowadays just see the short term and are put off. Always chasing those get rich quick schemes

@chrisbell7253 3 месяца назад

Call the police this is private information

@Av4427G 11 дней назад

Best video that makes sense to me for investing! THANK YOU, Jaspreet❤

@relaxchanell68 3 месяца назад

Can WE invest when WE are in Africa

@mlklkgamagadi 2 месяца назад

Yes

@isettech 3 месяца назад

My wife did MLM. The passive income reached a huge $1.67 per month. I signed up for my employee stock purchase program, then sold it in the tech bubble. Bought oil stocks during the pandemic. My current dividend rate is $13,288 annually. I reinvest this to grow the dividend snowball. Save dividends when the market is high and buy stocks when they are low. Bought ocean shipping stocks last fall when they dipped,. Now that stock is over double what I paid for it. MLM is not a way to get passive income. It is an expense to keep the business afloat.

@marktatum2592 20 дней назад

"#@!%&$*!!!" I have already spent it all on Gucci. 😂

@sponkmcdonk3898 3 месяца назад

stocks are going to appreciate faster than a few small dividends will help grow your wealth

@marcshaw6811 3 месяца назад

Another video filled with great information. Thanks Jaspreet

@Illninnio Месяц назад

Two keywords notice in this video hopefully and no guarantee

@sinazoncoyi1533 3 месяца назад

Thank you for sharing your knowledge. Im learning a lot. You are changing my life. South Africa loves you!

@packers1m704 Месяц назад

All passive income is taxable unless you can hide it (the filthy rich)

@davidbrooks8809 3 месяца назад

But the stock market is passive income that's where you're wrong😊

@kraigwilliamson6227 24 дня назад

Sounds like a game for the rich to steal the poor mans change!! 😅😅

@mjsound2214 21 день назад

Jaz, do I pay tax when my dividend is deposited into my account

@vijayaragavan440891 3 месяца назад

I have acheived my 1st goal - 500 /month - for life

@wewillnotbebroken 2 месяца назад

How?

@belindamarie3222 25 дней назад

Ok y'all don't laugh at my question. 😂 So if I invest 10K in a company with dividends paying 4.5 percent. I'd get a $100 each month return ?

@milothegoat9000 3 месяца назад

Thank you for all your advice

@jtolsen7393 16 дней назад

Hello, from Michigan!

@reneika7771 3 месяца назад

😁😄😃😀

@realGG401 3 месяца назад

a few other good dividend stocks to consider Ford, Wendys, Walmart, Philip morris (tabacco)

@luckyone4881 3 месяца назад

Amazing content creator

@winterxx1555 3 месяца назад

Can we just do Dividend ETF's instead of stocks though? I much prefer that for long term. I have SCHD and DGRO.

@FactStorm 3 месяца назад

Jaspreet is an expert, what a legend. You simplify things for the majority, that's why you're precisely in the minority mindset. Most people don't get finances, and unfortunately many people can avoid very preventable things.

@troydorce 24 дня назад

What stock app do u recommend

@vikaschaudhari9995 3 месяца назад

Can you analyse this ETF ticker TIME. It seems to be a relatively new ETF. Perhaps you could interview the fund manager and see its viability. Thanks

@that9blife465 3 месяца назад

* real passive income * I have a job, a business, and a house with cheap mortgage. No after all that I get to buy another house and rent out the first one while I manage it. So...what have we learned ? Nothing is passive ! Lol

@kaung79 3 месяца назад

Can you go deeper into Real estate process please.

@skylersmall6322 Месяц назад

There is no such thing as "passive income" unless you're a corrupt government official. Everyone else has to provide some sort of value to get paid.

@paulkirchler8786 3 месяца назад

Which trading platform would you recommend

@Shelikesit. 2 месяца назад

Look into Charles Schwab good mobile app and desktop platform.

@cripz1436 3 месяца назад

Great video on investing, learned a lot from this in terms of diversifying more than what I know about. EDIT: Wow also a lot more on property investing for cashflow, hiring people to delegate the work load is much better especially property managers that are aligned with your vision and goals.

@GeorgiaMoore. 3 месяца назад

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

@BSinNH 3 месяца назад

Already at about $7K monthly passively. Want to double that. And most in a ROTH.

@samacosta837 5 дней назад

Thank you - Gracias

@vince8436 3 месяца назад

Surprised you used MO as an example which is as you know Tobacco. I would never.

@shansingh5059 3 месяца назад

Hello Jaspreet! Im your follower since long time. Please shed some light on currency hedge or Stocks that Canadians can invest in !!

@neilwadden1749 3 месяца назад

What about writing covered calls for passive income . if you can maintain a low delta on the contract. You still keep your stocks and your premiums.

@cherylpumphrey2705 Месяц назад

Thank you for making financial concepts mentally digestible.

@phyllisburtonhearsawho 3 месяца назад

excuse me, i have a question. if i invest $400k, what am i looking at ROI wise in a few years?

@TheHardik50 3 месяца назад

Bro do you know how much fees then take if you don’t know than don’t make video like This. If you do the math with turn over rate and fees then it’s eat your dividends so check out fees and turn over % first.

@elhazelrah 3 месяца назад

My investments didn’t do much the first few years and now they are in the stage where they are making peanuts. 😂 Jaspreet you are right on the money! Thanks for the reassurance!