Jaspreet Singh: Buy assets, save, whatever you have to do. But I bet you learned some important financial lessons from parents that had that sort of a background. 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. Jaspreet Singh: Goodness knows it's tough to build equity in this economy. And your family comes from the state of Punjab in India? The state of Punjab was bombed by its own government. The younger generation spends a lot of time on video games. What should I do?. All right, we've got a special guest today I think you're really going to enjoy. When somebody goes out and they mine gold, they have real money. Now, I don't like to call it an investment. Jaspreet Singh: Go check out & read the full interview Jaspreet did with Policygenius Inc. Read the full . Jaspreet Singh: And what's interesting is the single type of income, which has the least tax loopholes, which has the highest tax rates are earned income. I knew that I wanted to be an entrepreneur. I had a channel that was growing and one of my friends asked me how much the YouTube channel paid me. I went to law school part-time, ran my businesses full-time and I graduated law school. We have the Minority Mindset News channel on YouTube, where we have daily finance business news updates. Then I invest in stocks because I believe in the American economy, although we have issues and concerns. So just learning how to express yourself and talk in front of a camera, it just gives you the extra practice. 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. I had tried a bunch of different business ideas, but I had not licensed any technologies. That business grew while I was in college. And on the journey, my grandfather saw his uncle get his head chopped open right in front of him because they were attacked by a mob. Jaspreet Singh From Minority Mindset Announces Release of Information Jaspreet Singh: That's my way of investing in startups. Why did we do certain things? That way you can make smarter decisions. I was never told to think about this type of stuff, because all I had to do was become a doctor and everything was going to magically be OK. The number one liability for millennials are student loans. Well get you your money back for the 24 hours. The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. They say, Oh, that's not fair. Jaspreet Singh: No one in my family was an entrepreneur. Jaspreet Singh: So, you're going to go and pay Gucci, Louis Vuitton prices, not for something that you wear in real life, but for something your video game player is going to in the digital life. For me, it's just money. I made a lot of mistakes. I was like, Oh, that's easy. Jaspreet Singh: He is still practicing. But that's how it started. We have a couple of other channels that we recently launched. As more dollars enter our economic circulation, the value of each individual dollar goes down. I like it because I'm an entrepreneur. Jaspreet Singh: Jaspreet Singh: Just that title people want to know what are the money habits that are keeping me poor. I had taken all the pre-med classes. Jaspreet Singh: Im a sarcastic person and Im not too funny, but Ive tried to throw in with jokes here and there. I don't have any investments. I don't drink, I never drank. Druva helps improve availability and visibility . I haven't licensed any technologies. Jaspreet Singh: But Minority Mindset is my passion. No one screens their speakers and sponsors better than him. He was like, You're stupid. Jaspreet Singh: Dr. Jim Dahle: 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. Jaspreet Singh Email & Phone Number - Shiva Fas.. | ZoomInfo What do you invest in? My parents started calling their friends. We have all these expenses. Paying Off $123K of Student Loan Debt in 1 Year Revisited - Scribd Now you're finally working. This is where my passion was. Why did I want to become a doctor? Well, I knew I wanted to do it to make my parents happy. Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. Dr. Jim Dahle: Hopefully, these future spikes that we're likely to see are smaller and smaller as they go on. And everybody was like, Hey, you should start a social media page. It took you forever to get there. You don't get the low tax rates that an investor gets. Well, our time is getting short. But a lot of times, I was there working on other things, too.. Welcome back to the podcast. I like to say that people are becoming brands and brands are becoming more like people. I shut it down because I did not see myself doing that long-term. It took you forever to get there. This happens every week, whether the market is up or down. That's why we have a national debt crisis like we talked about, because the government is spending more money than they bring in. It wasn't making any money or anything significant. I wasn't enjoying that. Those of you watching this on YouTube, I do appreciate it, but I know I'm not the best YouTuber in the world. I started hosting teen parties when I was in high school because I was working in the wedding business. Sure. I didn't have any entrepreneurial friends that had made it that could say, Hey, Jaspreet, its going to be OK,' because I didn't know anybody who did that. Jaspreet Singh's household originates from a state in India referred to as . This is about wealth protection & giving back. I'll bet there are people in our audience that face that same thing and decided to go to medical school and come out of their training pipeline at 35 and realize they really don't want to be doctors either. You've mentioned a lot of assets and investments and that you invest in real estate. And then when I find a good undervalued company, Ill buy it. And that was really interesting because Id never done anything like that before. As more dollars enter our economic circulation, the value of each individual dollar goes down. I didn't have to worry about paying for law school because my business had paid for it. Its story time, brought to you by locumstory.com. I never said it was everything, but it plays a part in your life and you have to understand money. I have no problem if you want to spend $100,000 on an engagement ring, it doesn't bother me. 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. I like it because I'm an entrepreneur. I had gone through so many problems. Fin Con is a conference for producers of financial content and resources, whether they're bloggers or podcasters or YouTubers whatever. That I'm crazy. Its just unbelievable. And in 20 years, you're going to be doing the same thing right now. And this is what so many people do not understand. I don't know if it still is, but it used to be. My parents were like, If you're not going to go to medical school, you have to at least become an attorney. 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. I was already running my own business. And if you can afford dumb things then hey, be my guest, you earned it. The majority of people are broke. Because doctors are your high-income earners. The easiest way to understand what it means to afford is just to follow my rule of five, which says, if you cannot buy five of them, you cannot afford one of them. The Indian government overnight declared certain denominations of their money no longer valid. Thank you, Jim, for all you do. Singh is the author of the novel Chef (2008 Vehicule Press/2010 Bloomsbury), and Seventeen Tomatoes: Tales from Kashmir, a collection of linked . Minority Mindset with Jaspreet Singh | Ep. 84 | Money Talk With Tiff Life. I didn't have any sort of reassurance. I studied a lot of tax law. He even took the MCAT. And that's when I decided that I needed to tell my parents, because now I had taken the MCAT and I did decent on the MCAT but I was not going to apply to medical school. I was investing in real estate. Which means if I go to law school part-time, I can run my businesses full-time. We need to help take care of the student loan issue.' I saw the meaning of really saving, saving, saving. I had taken all the pre-med classes. And you can look this up because I couldn't believe it when I saw that. I can be involved with them. And that's what the Minority Mindset is all about. And the swag bag is great. You can say, what do you think about this? I was like I've tried a bunch of different business ideas. I had calls coming in from my uncle. Jaspreet Singh: 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. There was no money in it yet, but I liked it. Jaspreet Singh is an entrepreneur and an investor. I got irritated because I didn't have any sort of entrepreneurship education and I've been scammed. They can dilute the value of our dollars with the click of a button. The easiest way to understand what it means to afford is just to follow my rule of five. And the savings that you have in the bank account, can't buy you the same things that they could before. You need to pay yourself first. And that's when I started to really ask myself, Is this the right thing for me? Jaspreet Singh: Its a growing business, we have a whole bunch of potential things growing, although the patent fell through. So its been a blessing, with a really unique beginning. Jaspreet Singh: He has gained upwards of 1.6 million subscribers on YouTube. Jaspreet Singh: Let me try that. They just let him go. Stopped as pandemic tick-tocks, keep docs off clocks. I knew I couldn't start a blog, so I started a YouTube channel as a hobby, just to talk about the things that I wished I had learned when I was younger. I give them a big chunk of our marketing budget. David: One of my favorite ideas that the best creators are short-term, catchy and long-term sticky. And so, it's wonderful to have somebody that is good at things that I'm not that good at. [Rewind Episode] Jaspreet Singh is a serial entrepreneur, licensed attorney, and the founder & CEO of Minority Mindset, a financial media company & YouTube Channel with over one million subscribers and five million views per month. You have to understand that you can protect your money.. That means your salary that you're earning is not worth as much. Gold is a representation of value because it takes time, effort and labor to mine gold. And after that, they tied him up on a horse and that was it. I did internships. I got irritated, because I didn't have any sort of entrepreneurship education and I had been scammed. Youre going to just blend in with everybody else if youre going to scroll past you because people have been doing it for a lot longer than you and theyve already built their niche and their space there. You're saving dollars. The focus of Minority Mindset was all about thinking differently than the majority of people. That business grew while I was in college. What if I did something else? I did not want to ask that question. But when I say minority, I don't mean a racial minority. When I first made that video, I used to guest teach in high schools. Money is a representation of value. 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. So, if we have more inflation, that means that the government can now pay back this $29 trillion worth of debt with cheaper dollars. I put it under the alias Minority Mindset. Why are you throwing everything away? Guess what? He's back on the show to share his thoughts about the current economic situation and help educate people on their best . Once you're a doctor, you'll be financially free. What advice do you have for them? So, I was like, This is easy. Jaspreet Singh: So I decided to start looking at rental property. Jaspreet Singh: Look, you're paying for Gucci or Louis Vuitton. YOU HAVE 5,000 FOLLOWERS. But what's interesting is you got to ask why. It's funny, because when I started Minority Mindset, it was not with the intention of making money. Enough ticks have tocked. Jaspreet Singh: Then I went from business to business, to business, to business, trying just a whole bunch of things. 3/3/2023 11:51 AM. And every single day, your dollars are losing value to inflation. Dr. Jim Dahle: Singh's autobiographical essay "My Mother, My Translator" published online by GRANTA is an . Contact. People encouraged me to start a social media page. You're not going to like my writing. That was the incentive for me where Yeah, I can make that sacrifice. Dr. Jim Dahle: If you want to understand money, whether you want to be an entrepreneur, just have that sort of financial education, because you have to be willing to ask the question why and the majority of people will not. You can find my contact information here. Jaspreet Singh: And now we've grown it to something a whole lot bigger. But I started developing that Minority Mindset where I was like How about I take my teen party business that I was doing in high school and bring it to college?.

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