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Why MOST Americans Will NEVER Get Rich.

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13 июл 2023

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Комментарии : 187

@MinorityMindset Год назад

Join Market Briefs, my FREE newsletter for investors, here: 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!

@mtv134 Год назад

Dude your camera auto focus takes the focus out of your face hen you move your hand. Great content keep it up.

@untouchable360x Год назад

“Becoming rich is easy but people don’t like to become rich slowly.” Warren Buffet

@rambogaming2497 Год назад

Source ?

@MrGatunduboy Год назад

I wish this information was clear to me when I was in my 20’s! I never got to my senses until in my mid-30’s and although I have done well to retire comfortably, I could have done much better if paid attention to the details you are talking about! Pls young people, time flies and soon you will be in your mid 60’s wondering what happened! It’s never too late, get started now!

@itisim Год назад

Thanks

@GauchoDon Год назад

Yep, we didn’t come around until our mid 40s.. we’re on track now and trying to accelerate that track to still get there sooner.

@wilsonanna4951 Год назад

The greater the passive income you can build, the freer you will become. Taking the first step is the hardest, but 6 houses later living off passive income. You’ve got to start taking steps to achieve your goal.

@mtv134 Год назад

How can you buy rental in this expensive market?

@the_paranormal_factory1812 10 дней назад

@@mtv134go where it’s developing and has potential to grow

@SuzanneU Год назад

You're right on the money, Jaspreet. My spouse and I have been belittled and mocked for choosing a modest lifestyle and stashing cash. We hit a net worth of over $1 million, with no house value, in 19 years. We did only very basic plain vanilla stuff. We shoveled money into our retirement funds, opened ROTHs, kept a year's worth of expenses in cash, and laddered cds. I read somewhere that there are three steps to wealth: spend less than you earn, save what you don't spend, invest what you don't save. It made sense to me and I do it still. I came across Your Money or Your Life by Joe Dominguez and Vicky Robin, and Suze Orman. Both gave me new tools and honed those I already had. I really really like money. Money is a wonderful tool for crafting a good rich life.

@tmdrake Год назад

nioice.

@Jandy208 Год назад

You have a good wife.

@PFeal Год назад

Lots of the younger generation will be burdened by taking care of their unprepared parents.

@muthaduka6864 Год назад

Yupp

@WeBeatMedicare6969 Год назад

Yeah, because their parents spent their whole life giving little Johnny and Jenny things they didn’t need just because everybody else in the neighborhood was doing it too…how many 17 year olds you see driving around in nice cars for example…pretty sure they didn’t earn that money at the lemonade stand

@Nate_tureboy Год назад

The younger ones won't even be able to take care of themselves let alone their parents, or more likely parent, because the majority are broken homes nowadays

@mikeazriel5116 Год назад

This is a major problem and these young people want it all now also the internet got thinking about having it all now the elderly gen. Didn't understand wealth so they give away their house's to strangers not leaving anything to their own family it's insane so it like ppl are doomed

@Dkmo94 Год назад

@endofquoterepeattheline7516 pretty sure there are gonna be a ton of people who grew up poor without any of thqt, who are still gonna have to take care of their parents.

@ronaldakins5338 Год назад

I am 70, I wish you were around when I was younger. I forward this information to my family. Thank you. Wake Up America!!!

@cleowilliams1961 Год назад

Thank you for taking your valuable time to reason with us ❤

@ChocolateIce0928 Год назад

Minority Mindset is simply the best

@josef56 Год назад

Balance in life is the key to happiness! Thank you for your excellent analysis!

@scotttitensor8557 Год назад

Take it from a guy in his 70's. Never thought I'd become old. This video is spot on. Unfortunately, we don't teach our youth about money. Many families, like the one I grew up in don't ever talk about money, nor did the school's. Again. Excellent video!

@user-xd4pn9jz1i Год назад

Being “old” is a privilege. My 28 year old best friend passed away and she had a young child and husband. Change your perspective.

@Blkeith88 Год назад

@@user-xd4pn9jz1i y does he need to change his perspective, I didn’t read anywhere where he said he wasn’t grateful to be old, he gave an analysis of society and advise on the importance of financial literacy

@kevincross1240 Год назад

Superb counsel!!!

@Vladimir-JT Год назад

I always enjoy hearing your start up stories Jaspreet

@dianaalyssa8726 Год назад

@TheBestRTaken005 Год назад

Remember it is your backup/safety plan. Put more in and it gets there faster. Your Now plan is to set short term plan (not on safety autopilot), and go get the million dollars by becoming better and more service that people want now. Start a successful business for example.

@emmanuelmitchell8649 Год назад

Tape... rookie movie. Dollar store super glue is where it's at for shoes lol

@davidmurray6070 Год назад

It's not that easy for 99% of us and it can take decades to hit a 7-figure net worth. I became a millionaire (net worth) by about 44 and reached two million by 52. I expect to reach three million by 56. Once you get above a million it's all about compounded market returns. At that point your contributions are a drop in the bucket which is precisely what you were grinding for. Almost no body reaches a million by 25 (outside of athletes, entertainers and lottery winners). Prepare yourself for the slow and methodical grind up. Early on focus on upping your income and contributions. If it was truly easy everyone would achieve wealth. Most do not.

@jaqueitch Год назад

My net worth is well over a million, and I'm just turning 45. I expect to be worth at least $7-$10 million by the age of 65.

@reesemonique Год назад

teach me

@haitianprince1241 11 месяцев назад

Thankyou 🥂 cheers to a successful future

@erikreyes8212 Год назад

Always true good advice bro thank you.

@user-js3ee5qv6g Год назад

Jaspreet yr videos are very informative, inspiring and clear to understand, thnx

@RS-hs2hc Год назад

I have CC debt do i consolidate and pay down or just paydown the interest rate is expensive for my CC

@dumjokster Год назад

Smart man when it comes to improvising and saving money.

@2hits994 Год назад

@MinorityMindset Hey man can you talk about the recent debt sealing agreement and the effect it may have of the US economy now and in the long run

@Mr.LeoAdam 11 месяцев назад

You are great man

@TheLovely990 Год назад

Good morning. Great information. We are living in an instant soup society. Our mindsets have to change.🤔

@arigutman Год назад

Great video and a lot to unpack for every viewer... Keep up the grind, brother!

@digitech479 Год назад

I love your content

@balestinian Год назад

Hi long time listener, good stuff, can you plz talk more about the "time" part, like how much time exactly and realistically with examples and numbers. Pretty much how long do we have to live super broke before for? 2 yrs, 5yrs , 30yrs? Ty!

@crb4059 Год назад

Read the story of anne schieber

@WackyCookies Год назад

You speak truth. Each person has their own mojo and mix for success.

@blahblah3726 Год назад

Why you donating money to a multimillionaire?

@WackyCookies Год назад

@@blahblah3726 - I’m sorry, I’m a little surprised at the question. I am a patron of his channel. I’m consuming his information and entertainment.. When I go to a play or the museum I pay, this is no different to me. He inspired me and I threw a few bucks his way.. This guy provides some SERIOUSLY good info.

@WackyCookies Год назад

@@blahblah3726 - Oh and one of the spiritual components of financial abundance is to give where you are inspired to.. I’m sure, that as the son of immigrants ( as am I) he will give this back. The value of what he shares here is worth MUCH more.

@ThePresentation010 Год назад

*1.There isn't enough buildings for every single person to do real estate.* Because alot of these rich gurus, that's all they talk about. Like there's infinite land houses. But really, they're just finessing and collecting clout.

@shawnpatton3795 Год назад

REITs can be used to diversify your portfolio in real estate. And only 9% of Americans own their own business.

@Cab520 Год назад

You are right. Wish your advise was there when I was 18. Lonnnng time ago. I’m ok,but dependent on pensions which are fixed. I am investing and save. But your advise is solid. Young should do it.

@Mr.LeoAdam 11 месяцев назад

Jaspreet can you put more images and texts. It really helps me learn. 😊😊😊 thanks man.

@DeepThinkerSociety Год назад

Beard bros? Also what’s the plant in the back called?

@CJ-mt6zd Год назад

They keep moving the goal posts to achieve wealth though

@shawnpatton3795 Год назад

What do you mean?

@thelab2046 Год назад

Thank you very much, every time I start to struggle, I can listen to one of your videos and fell that I am on the right way. Even when my whole social environment say I am crazy for driving a 23 year old Honda :)

@JayJuthamart Год назад

You are so right I agree with you 💯 👍

@dumjokster Год назад

If you workout and stay in good shape that 65 feel like you 40. I already know it ❤️ health and wealth Babbbbby yeaaaaa let's go!!! Good morning Jaspreet and everybody else

@victorluu2818 Год назад

Realest wealth preacher on RU-vid. Respect!

@TheLucky17 Год назад

Dang Juspreet..... speak the truth! Looking sleek and great set! Awesome brother👍

@Joce123 Год назад

Hearing about your shoes taped together was just great! When I buy new white leather tennis shoes, I spray them without shoe laces with WD40..three different times so that they last longer..Water Displacement attempt #40

@churchill19708 Год назад

❤❤❤love it. You are so onit.

@toadkillerdog9466 Год назад

thinking of friends and family who have gotten "rich" I have determined that unless you inherited it or won it getting rich is way to much work(it can cost you so much time away from those you love) and if that is your dream goal you will ever be disappointed. But getting comfortable and creating safety for yourself and your family is much more doable.

@stormblade1199 Год назад

This is the wrong mindset. Saying it's "too hard" ... you know over 2 million millionaires were made in the US alone during the pandemic? If 2 million+ people can do it during a recession and period of uncertainty then why can't you?

@SB12623 Год назад

BELOW! 🔥

@juniorcagatin111 11 месяцев назад

nice!

@comment2250 Год назад

It appears you have been involved in a lot of ventures, how old are you? Just curious.

@user-rv6kw6qu4k Год назад

Just want to thank you and say your your motivation I've been taking the steps already started investing in REITs me and my wife so thank you I'll keep spreading the knowledge.

@shanegreen1477 Год назад

My company has a pension as well as a 401K with a match, companies like this are out their don't let anyone tell you they aren't! Just because not all companies don't have pensions does not mean all don't. You choose what company you accept a job offer from and if the company you work for or want to work for doesn't offer a pension or any other benefits you are looking for keep looking, or take the job offer and keep looking. As a matter of fact I have made the biggest jumps in pay and benefits when I switched companies. Always, always, always be looking for a better opportunity, if nothing else you can use a job offer to request more pay and better benefits from your current employer.

@michaelskala8445 Год назад

Financial freedom and wealth is the persons ability to convert earned income into passive or portfolio income.

@jeffc3455 Год назад

23:34 This got me right here

@jeffc3455 Год назад

26:52 really got me 😂😂😂😂😂😂

@totallynotthebio-lizard7631 Год назад

Money is like a set of tools. It’s a means to a goal, not the goal itself.

@silita6193 Год назад

thumbs up

@coreyladd125 Год назад

Imagine jumping from Robert kiosaki to Dave Ramsay. That gave me second hand whip lash

@lissettevillanueva4975 Год назад

😂

@FUNKYFRESH707 Год назад

I hope to hear you bring back your Ripple and XRP roots back!

@kamranch1633 Год назад

I'm almost 60 years old I'm a good example about what you saying. I,ve been working just in USA for 20 years and 20 years in my back home ,at this moment I don't have even 1000 dollars save because I didn't know what you try to tell the people .or ,if I knew almost, I didn't care. I wish you been around that time. But now I going pass this knowledge to my family (if they going to lessening) also I don't think it's late for me ,I going start to build my finances situation .

@javieracevedo9352 Год назад

A word about debt: If you don't understand how to use debt, don't take debt. Again, like Shaq says, don't invest in what you don't understand.

@jugghousetv23 Год назад

But they rather Depened on social security

@stevenvicijan4338 Год назад

Instead of second job, how about run one or sevetal businesses. . . Quadrant talk is still on the hush/ hush.

@dariusthurman8835 Год назад

The market actually benefits from the inflation.

@rebwarhedi1518 10 месяцев назад

👍 Hi Jaspreet Singh. You didn't become a doctor like your family wanted but you do much better than a doctor can do for patients, you do a lot for people than doctors. You share your experience, knowledge. You inspire, you help many people to build their future, You are best doctor to many people like me, thank you very much Jaspreet Singh

@jugghousetv23 Год назад

I'm 34 now I'm glad to know this knowledge some can teach my kids this

@user-qj4uj8pg5c Год назад

What is s&p 500, asking for a friend

@tankimlai293 Год назад

Singh, you are totally right with your statement on American people poor on saving mentality. American not only spends like no tomorrow but spent others people money they not entitled.

@lt7798 Год назад

I did invest for 32 years. It got wiped out in the stock market crashes twice. Then I built it up again only to pay 33% taxes on it and I was left with only what I had saved myself. Uncle Sam was paid well.

@okayyali4 Год назад

Same here. Every time I invested in the stock market I get wined out

@itisim Год назад

Yeah in single stocks you should have invested in index fund etf

@haroldcruz8550 Год назад

Well like the slot machines in Vegas, it was designed to suck you in not to make you rich.

@autokorrektor8166 Год назад

Are there any plans for videos on how to apply for government assistance programs? I like many of your longtime followers have lost almost everything and see no other way out.......

@resipsaloquitur1775 Год назад

Problem with that original post is also that $1mil in 40 years won't have the same value as it does today. Inflation will kill the purchasing power. The overall balance doesn't matter, outpacing inflation and producing growing cash-flow is all that matters.

@jameshean4728 Год назад

It's true. fixed income does not catch up with inflation.

@MsMotherWolf Год назад

On Pensions, in early 2000, 2001, I'm listening to story of a guy who worked hard, got his pension and he's enjoying retirement. The company he had worked for was in financial traits and decided to go after him and others over their pensions. I was never able to go verify that story as it was word of mouth. However, more recent, we are seeing one political party is openly, heavy handedly going after gutting Social Security. I have been jaded for the longest time that I didn't trust Social Security would still be there. The Government keeps pushing back the age of retirement, we have during Bush's Iraq War, the Social Security was raided with no plans to pay the money back. I've seen a lot of older coworkers who thought they could do retirement, finding Social Security isn't enough and they have to return to the work force.

@kwidid23 Год назад

My wife keeps me poor.

@MrFargo1001 Год назад

That 64% $100,000 saved number doesn't include Home ownership and assets.

@stormblade1199 Год назад

This is how we know people just disagree for shits and giggles. Did you even read the article? Because I did, and it literally does include home equity. The study was a measure of all liquid and illiquid assets. Ffs😂

@fredsimwaba4362 Год назад

Everything Worth having , requires Effort and Time.

@thepupil2 Год назад

To "become wealthy", first figure out what "wealthy" means to you. Digits in the bank? Size of the digits that flow through your bank? A specific number of rental properties? Some amount of gold or silver or some other commodity? A strong social circle? High status? Amongst what groups? Some of these things can be achieved quickly, some absolutely cannot, and some are the source of others. But you need a target, a plan to reach it, and time.

@_ssjim Год назад

❤❤❤❤❤

@lopakakauakahi9263 Год назад

Minority mindset FOREVER!!!🎊

@ysierra1724 Год назад

I have a friend from Dheli India who sacrificed a lot by not sleeping for up to 3 days, eating nothing but bananas, and sleeping on his garage in order to pay his house mortgage fast foward 20 years later he has 3 houses but is worried of who will inherit everything he worked so hard for because he never got marriedbl or had any kids.

@davecalifingers Год назад

Yea but you had the freshest Toyota on the block in high school

@stevenvicijan4338 Год назад

Spitting truth abd it's that rubicon to cross so you don't have to teturn to you once was . . .

@ricardo762 Год назад

Dude is correct the new age is headed to depend on the kids you let the Internet raise.

@shawnpatton3795 Год назад

Do you have children? How many people do you know that did little/nothing with their own children’s development?

@victorbaird8220 Год назад

😊

@Why_Not_travel 9 месяцев назад

❤

@HotgyalB Год назад

This was an awesome episode. Excellent advice!!

@aminpersian5371 Год назад

Lending business

@samuelmontero8229 Год назад

❤❤

@josephl6727 Год назад

Lack of frugality.😂 Just about everyone goes nom, nom, consuming products designed to strip us of wealth. As I've gotten older, the less I want.😂

@2MANYCARS Год назад

I get the sacrifice part, but from 21 to 65 is a long time, and by the time you become a millionaire, wanting to try new exciting stuff but you can't because you lack the physical and mental capabilities to carry those out.

@brokeduece1691 Год назад

Be frugal, but don't forget to enjoy life.

@themoneyman1752 Год назад

You started making $ in HS thats a big deal you got started extremely early that mindset at that age is rare

@lissettevillanueva4975 Год назад

I have been watching your videos for a while and so blessed to see how you have grown, being genuine and making me laugh! You have inspired me so much and have helped my growth mindset as well as to think and act like the minority. You are amazing Jaspreet! Thank you for pouring into our lives. May God continue to bless you and your family. 🙏❤️

@tmdrake Год назад

I wish i saved $100 when i was 21, i started at 35.... 25% there.

@joes6336 Год назад

Most people think they deserve to be rich . That's what is wrong with the young people right now.

@totallynotthebio-lizard7631 Год назад

But I do deserve to be rich. Growing up surrounded by awful people using you as a literal stepping stone to grow their own ambition and always pondering whether or this life should be cut short. Did I mention they were CHURCH MEMBERS.

@shawnpatton3795 Год назад

What about people that believe that they deserve to be free and happy?

@joes6336 Год назад

@@shawnpatton3795 work for it like everyone else

@natesamadhi33 Год назад

i can tell you this is blatantly false. many people i know simply want to be comfortable enough to spend time with their families without struggling paycheck-to-paycheck. I know me, i dont wanna be rich; there's too much stress that comes with that. what most people DO want is a livable wage. Many places arent paying a livable wage anymore and people are feeling the pain of that. Young people have been left with a screwed economy and stagnant wages. They just want to be able to live without struggling; stop letting tiktok be your representation of young people.

@shawnpatton3795 Год назад

@@joes6336 maybe that’s exactly what they are thinking.

@briansamaniego-howard1806 Год назад

I like your voice jaspreet, just not when you say chickens account

@mikeazriel5116 Год назад

I tried pulling my family outta their mindset and my own mom gave away a half million dollar home bc she didn't understand wealth i only found out adter her husband past away bc she would only talk with him not me and now his children took the home she had plus the home she gave away and all she had to do was listen it makes me angry but most ppl ill say about 90% have a scared slave mindset bc i wouldn't ever give away 800k in properties but thats my mindset smh

@davidtaylor5606 Год назад

How the hell do you buy real estate for as low as $100???

@sharsphootervideos Год назад

Through REITs or Crowd Funded Real Estate platforms. You don't own the whole thing but you own a piece of it.

@Erick-fg8ou Год назад

Getting rich requires a lot of discipline. One must forego the pleasures of today for the pleasures of tomorrow, and a lot of people can't handle that.

@javieracevedo9352 Год назад

One of the things that changed my mindset was to understand that there are just some markets that you are better off not messing with. I will probably never mess with real estate. Thats just it. Shaquille Oneill says that he does not invest in what he does not understand, and since i don't understand the real estate game very well, i don't wanna invest in it.

@eddscall Год назад

Yeah, Shaquille looks like the kinda guy who understands Crypto

@veronicaegidio3595 Год назад

Shaq can do whatever or invest in anything he wants. Totally different league

@javieracevedo9352 Год назад

@@eddscallLet me clarify, Shaq said he does not invest in crypto because he doesn't understand it.

@eddscall Год назад

@@javieracevedo9352 just pulling ur leg man, he promoted it though without understanding it, obviously for the money, I dont know abt real estate in the US but in India I get good passive from it

@ersins.1941 Год назад

More money will make you happy only if you are ready. If you are not, it will make you miserable.

@paduag1782 Год назад

I try but sometimes i feel good about investing on something then I get some other people saying its a scam. 😅😂🤷‍♂️

@WeBeatMedicare6969 Год назад

If you can’t tell a scam then you shouldn’t be investing in anything other than education lol

@paduag1782 Год назад

@@WeBeatMedicare6969 what would be a good source to educate myself that is not corrupted by investing companies. I did good with tesla before any splits.

@Putseller100 Год назад

These people crack me up, its a lose lose to them no matter what. Either its, "why try getting rich if you are old, I wanna be rich now". Or else for those who want the money faster, its "you have to enjoy life, there is more to money". people like this are toxic and losers, make a mental note to not deal with them unless necessary.