How well, thats what you have to figure out, thats the tough part. Jaspreet Singh: Your email address will not be published. Can you please start a blog?' But it wasn't a tutor for the English class that I was struggling with. Hope I don't sound too nasally today. You probably got hundreds of thousands of dollars worth of student loans. He loves spending time guest speaking in Detroit Public Schools. Jaspreet Singh: Jaspreet Singh lived in Toronto prior to moving to Calgary. And then I hit this kind of turning point where I got denied with this patent for my sock company. 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. Sometimes you have to cut the noise, put your head down, and remember that you're making progress at your own pace. For example, when I was growing up, I was told that if I wanted to become successful, I needed to do two things, become a doctor so I can earn a big salary, and second, save as much money as possible. I love that quote. There's just so much that you can do. You need to use your money to build your wealth first before you make everybody else around you rich. Yes, thats a pretty good gig they've got gold with inflation running 5% and borrowing at 2%. It took you forever to get there. Jaspreet Singh: No, it's not the Rona. Even though I had gone through so much schooling, even though I had spent so much money in college, nobody taught me this. When people look at Minority Mindset, I think the first thing that comes to mind is racial minorities. Jaspreet Singh was grew up in India and Kashmir. Jaspreet Singh: Then, I went from business to business, to business, to business, just trying a whole bunch of things. This book project requires an extensive research process. I started hosting teen parties when I was in high school because I was working in the wedding business. I had gone through so many problems. 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. They can dilute the value of our dollars with the click of a button. So, our dollars are backed by the United States government, which is backed through our economy. 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. It used to be. So then I started doing something different. So, this is for non-necessities, things that you don't need to survive. Finance, MarketWatch, Agency Mavericks, etc. I told my parents and my mom nearly had a heart attack. I renovate them. I knew I was doing things, but I was still kind of not fully certain. And so, I work with entrepreneurs. I had a channel that was growing and one of my friends asked me how much the YouTube channel paid me. You go cash in that check and you take pictures of it and you can go impress your friends. You probably have hundreds of thousands of dollars worth of student loans. I'm studying for the MCAT and every day when I'm taking a break, I go to Yahoo Finance and every article is talking about how housing prices are crashing. But when I say minority, I don't mean a racial minority. Dr. Jim Dahle: Paffrath has been named alongside a raft of other finance creators: Graham Stephan, a former real estate agent who worked for Selling Sunset's Oppenheim Group, Andrei Jikh, Jaspreet Singh of . I kind of break out of the norms and the traditional way of doing things. Then freshman year I started knocking on doors at clubs, venues, bars, asking them, Hey, can I host a party here? Some of them would say, Yeah, sure. Read More . I had no idea what I was doing and I ended up putting an offer. Easy. Real estate, stocks, businesses, cryptocurrency, and commodities. And people will say, Oh, I'm not affected by that. You have got a fantastic story. I was an entrepreneur. We have a lot of doctors that follow us, and a common thread that I get from doctors, especially, that reach out is something along the lines of, Hey, Jaspreet. Jaspreet is self-taught. There are so many ways for you to take care of yourself financially. She did not believe it. Giving is a part of me, its a part of my religion. Tell us about that conversation when you broke it to your parents you weren't going to go to medical school. All of a sudden people saw their money become worthless overnight. That means your salary that you're earning is not worth as much. And as soon as I gave them the money, I never heard from them again. 3/3/2023 11:51 AM. You are a first-generation American. Dr. Jim Dahle: That's my way of investing in startups. I just didn't know how yet. Jaspreet Singh net worth is $850,000 Jaspreet Singh Wiki: Salary, Married, Wedding, Spouse, Family Jaspreet Singh (born 1969) is a Canadian writer.He grew up in India and moved to Canada in 1990. I didn't have any real estate investors in my family. Jaspreet Singh: We kind of hit on this, but you need to understand how to protect your money and build your wealth as a doctor. What if I did something else? I did not want to ask that question. I have a lot of trust issues now because as I started to ask why, why, why, I started to learn a lot of things that make you question the system, but you have to ask the question why, because the government and the fed will keep telling you that this inflation that we're seeing it's just temporary. I had no idea what to expect in college because my parents didn't go to college here. That is a guaranteed route to being broke because what all you're doing is saving. That way you can make smarter decisions. Why did we do certain things? Jaspreet Singh: If we are going to open up your portfolio, how much of it is in real estate and how much is in stocks or bonds or cryptocurrency or whatever? There was nothing in between. It used to be. But on Youtube, youre getting these very close relationships with youtubers and its sort of crazy, right? We grew from just holding parties to doing parties every week. And it turns out this marketing company was a scam. Jaspreet Singh: Why am I spending so much money to learn all this stuff? Guess what? Jaspreet Singh: And eventually if you keep doing it, that audience will gravitate towards you and theyll want to watch your type of content when it comes. Jaspreet Singh: It wasn't making any money or anything significant. I knew I liked real estate and I also knew that I didn't like the event planning business because I don't drink. Jaspreet SIngh with the 100,000 Subscriber YouTube Plaque. I gave them a big chunk of our marketing budget. Getting out of your comfort zone to do something that youve never done before, thats the only way youre gonna be able to grow and get to somewhere where you want to be. In addition, Singh is offering his brand new e-book, Get Richer Sleeping . The Minority Mindset YouTube channel has changed the lives of nearly 1,000,000 YouTube subscribers with their videos being viewed 5 million times a month. All right, we've got a special guest today I think you're really going to enjoy. So I came to college and everybody was partying and I was like, well I need something to do outside Friday night. I got a good scholarship to go to law school. The first one on it was Don't put your paycheck on social media. And I'm not sure I've seen a lot of doctors doing that, but is that a common trend out there on social media where people are flashing the dollars after they get paid? Jaspreet Singh is an entrepreneur and an investor. That means you need to know how to spend your money. David: If you watch movies to act or never really looked at the camera, youll get a show like The Office where they break the 4th Wall, and shoot with a shaky camera and the interviews really feel like the white is talking to if you were. So, let's get them on the podcast. 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. I don't have any investments. And our YouTube channel was growing. If you keep doing what everybody else does, youre gonna end up like the majority of people and so its the mindset of thinking different and breaking away from this traditional path and doing something and creating something of your own instead of just being a follower and kind of just a victim of the system because right now school and just the traditional system is not working for the majority of people and so its a mindset of breaking away and thinking different and kind of creating your own plan. Toward the end of my college career, I knew I was not going to medical school and that I wanted to be an entrepreneur. What do you see in terms of what is the best Youtubers have in common? Look, you're paying for Gucci or Louis Vuitton. She was devastated. Because there are things that you can do now as a high-income earner to earn more income without you physically working, because there's going to be a day where you can't go into the hospital, can't go into the clinic to work. So, if you're interested, be sure to check that out at passiveincomemd.com. And whether you're coming in person or virtually, you got to register by December 1st to get that swag bag. Then I went to college. Dr. Jim Dahle: Required fields are marked *. Chief Executive Money Nerd at Minority Mindset Companies from Punjab, India, Jaspreet Singh has been putting in the work to spread financial education and opportunity on YouTube for years. I buy properties. It wasn't making any money or anything significant. Then I invest in startups. Register by December 1 to get one of our amazing swag bags! [1] And a lot of the things that I talk about are things that I have seen or things that I have gone through. Listen to the Interview with Jaspreet Singh of the Minority Mindset here. Why do you think that resonates? Just that title people want to know what are the money habits that are keeping me poor. So, I just went from business to business because that's how I learned. This started actually toward the end of my college career. So, I started hosting teen parties when I was in high school, my junior and senior year. Jaspreet Singh: A lot of personal finance YouTubers make a living by having people go to their channels for advice and they make money off of YouTube. That means one, you need to know how to spend your money. And what's interesting is the single type of income which has the least tax loopholes which has the highest tax rates [is] earned incomethe money you make from a job and more specifically earned income from high income earners, aka doctors, attorneys, professionals. 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. And second, you had to leave everything. The focus of Minority Mindset was all about thinking differently than the majority of people. YOU HAVE 5,000 FOLLOWERS. And yeah, I launched that product. I'd find love. And it's obviously a bit of a play on words with multiple meetings. That was my first experience with any sort of real financial education, any real passive income. Jaspreet Singh: I was just the worst. Jaspreet Singh: I'd find love. Build your wealth, buy what you can afford. Dr. Jim Dahle: But some people would say, Sure, we won't charge you any money. And his YouTube videos are fantastic. You don't get the low tax rates that an investor gets. So, if we have more inflation, that means that the government can now pay back this $29 trillion worth of debt with cheaper dollars. That's how it started off. According to Michigan business register Minority Mindset, LLC status is Active. Some of them would say, Yeah, sure. I would be wealthy and I wouldn't have to worry about anything else. Ill wash your brown bag. So, you work hard, you make money. I believe that we are the strongest economy in the world and investing in the stock market gives me exposure to that. Jaspreet Singh is a serial entrepreneur, licensed attorney, and the founder of Minority Mindset, a financial media company & YouTube Channelwith over one million subscribers. I started out there and that kind of developed the whole majority mindset versus minority mindset thinking with a majority people like going to parties. Druva is a Leader in Cloud Data Protection & Information Management. I was not okay with that. mvp acronym jokesrecent killing in grenada 2019. june's journey joining a club; what happened to shane on heartland; jacks urban eats menu calories; trinidad express death notices 2021 Intro: I have no problem if you want to spend $100,000 on an engagement ring. Cryptocurrency is decentralizing money, and there's also a lot of technology behind it, which makes it very powerful because it's revolutionizing the way the internet works. Another member of the White Coat Investor network is Passive Income MD at passiveincomemd.com. Jaspreet Singh: His family moved from India when he was young. What am I going to get from you besides just your product? So don't do that. So, I decided, again, to go toward something that I really, really loved. 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. You have put in so much. But that was all a lie. But the question that I have is who's going to make the best use of your money? Inflation wrecked my initial budget past my buffer, and while I did manage to move to a better-paying job my attempts at side hustles failed. We got accepted. I'd be happy. I mean, it plays a part. Jaspreet Singh: And if you can afford dumb things then hey, be my guest, you earned it.. He is the founder of Minority Mindset, 5 Water Socks, and 5 Water . David: The internet has destroyed so many barriers and unlocked floodgates of opportunity. I was contracted by some of the biggest clubs to do their weekly parties. We'll just take a percentage of the revenue that you generate from cover, the money that you charge to get in.'. Don't spend money on dumb things when you cannot afford it. He has worked hard to get where he is today and has dedicated his career to helping people build their wealth. Jaspreet Singh: His parents are immigrants from the state of Punjab, India. I kept putting the project off, and then one day, I was late to class. You need to be the person that's taking care of his money, that way you can be the person that's rich. And when I say that my parents wanted me to be a doctor, it wasn't just a recommendation or something they suggested. Jaspreet Singh: And if you were a Sikh, somewhat of my religion and you were on the west side of the Punjab, you had to now migrate east, otherwise you were going to be killed. I never said it was everything, but it plays a part in your life and you have to understand money. Money is a representation of value. You have the least tax breaks that you can get out of the tax code and you also have the highest tax rates. And this is what so many people do not understand. Ill always been an entrepreneur and I was working, I want in my previous business ideas and we, when I was getting ready to launch it, I hired a marketing company to help you with the marketing of it during Gar crowdfunding phase. And so, it's very consistent with your philosophy on money all the way through. Now when people look at that, when they look at Minority Mindset, I think the first thing that comes to mind is racial minorities. David: The relationships that we have with brands have also changed the way that we consume their content on social media. Your email address will not be published. I was like, Oh, that's easy. And they didn't understand what I was doing, my parents and all of their friends didn't understand what I was doing. When you don't have to struggle and worry about how to pay the bills.. I made a lot of mistakes. I was a part time law student just for fun and then I did night school for acting or like once or twice a week. Jaspreet Singh: His rise to the status of one of the world's wealthiest people is a direct result of this success. I said, You're telling me I can get paid for this? And now all of a sudden, I just started generating revenue just because I didn't know that I could do that. If you got $1,000 in the bank account, you can't afford a $1,000 watch. What I try to do is just talk about what's going on. $35 per post at $7/CPM. And if you continue to follow the majority's advice, the traditional advice, you're going to be broke. I never once learned to think about investing. All of his family and community believed that the key to a happy, successful, and wealthy life was to become a doctor. All right, a few things coming up, make sure if you are interested, you have done these. So you introduce yourself and then say Im here for the job attribute. So that's exactly what I did. If we just look at it from a business standpoint, a fat company is a company that has a lot of unnecessary layers of administration. In addition to all the good information I get on this podcast, I am always 100% confident that I can reach out to Jim for questions. We're on a journey I never would have expected, because it wasn't what I tried to do. You go cash in that check and you take pictures of it and you can go impress your friends. Dr. Jim Dahle: And now my family were sleeping on the roof of their home. We do this by sharing videos, articles and resources on how to make, save and invest money. I would be rich. Well, I need to see as many patients as possible. I'd never had anybody supporting me. (1993) and a Ph.D (1998) in chemical engineering at McGill University. Is it to get a good job? And this is why financial education is so important because you need to be the person now that isn't living broke to make other people rich. Socks are making money. He was like, You're stupid. My parents said if I wasn't going to go to medical school, I should at least become an attorney. Fri. Apr 28th, 2023 . Even if Im learning something, I wanted it to be an enjoyable experience because now I mean it goes back to supply and demand. Absolutely. It is never too deep. Yeah. And the savings that you have in your bank account can't buy you the same things that they could before. I never thought about screaming or just whatever they did, youre just kind of see different peoples flavors in different situations of the same thing. Food Blog Jaspreet is the Chief Executive Money . He's on a mission to make financial education fun and accessible. Jaspreet Singh: He said once I was a doctor, I would be financially free. It's an honor to be on with you. And that's what irritates me. Jaspreet and Tiffany talk about Jaspreet's journey with his company and how to adopt the 'minority mindset.' About Our Guest. Jaspreet: Youtube and digital video is going to take over TV in because its so interactive. And then that grew because I got to meet a lot of the DJs. Now were at like 350,000 subscribers, tens of millions of views. I started a number of companies. Wiki/Biography. There's a clear philosophy running through all of those assets. Gold is a representation of value because it takes time, effort, and labor to mine gold. I ended up hiring a marketing company that made me a whole bunch of bold promises. And so, that part was very hard, but it was kind of that stubbornness that I had that got me through it because I knew that I wanted to do something different. His topics include real estate investing, getting rich during a recession, and helpful moneymaking habits. Jaspreet was born to immigrant parents and grew up bilingual in a traditional Sikh family, with the strong expectation that he was going to be a doctor, but that didn't end up being the case! Jaspreet Singh: I could either become a doctor or I could be a failure. I learned how to live below my means because we were never poor, but we were always like penny pinchers in the sense that Why would we take two cars when we can stuff eight people into one five-seater car? The test that you take towards the end of your college career. That social validation is such a big factor in our lives and it affects people's finances. You are never going to be able to become rich and financially free through just spending less money. I just didn't know how yet.. If you look around, it seems like case counts are dropping like crazy. You bust your butt through medical school, through residency, through fellowship. Jaspreet Singh: What do you invest in? Am I going to say, Dang it, I should have tried something else? Every tax dollar they pay gets funneled through the politicians and the government. Click to learn more! Don't waste your time doing something that you don't care about or something that you don't like or something that you don't love. And I was like, None of you have any money. Dr. Jim Dahle: Why are you throwing everything away? Because there are things that you can do now as a high-income earner to earn more income without you physically working, because there's going to be a day where you can't go into the hospital, can't go into the clinic to work. I thought that everybody goes to college to study and spend Friday nights in the chemistry lab doing reactions. That is when I started to really ask myself, Is this the right thing for me? Now it'll probably have some changes between the time we record this and when this actually runs, but what are your thoughts on that new tax bill coming through? What if there was a way that you could walk through the rain and not have to worry about your feet getting wet?'. Its all in student loans and yet you're sitting here blowing all your money?, Jaspreet Singh: Jaspreet Singh: And I started pitching this water-resistant sock. 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. My guest today on the White Coat Investor podcast is Jaspreet Singh. It just didn't sit right. Our email is [emailprotected]. I had calls coming in from my uncle. I mean, I kind of did. My dad came to America with less than a hundred dollars. When Im on Youtube I can actually interact with a person whos watching. It makes the majority of people who do not understand it poorer, and makes the financially educated richer. We grew from just holding parties to doing parties every week. But the reality is people are driven by emotions. Same thing, I was just talking about the things that I wish I had learned. He's back on the show to share his thoughts about the current economic situation and help educate people on their best . If you're not aware, we have some network partners. I ran an event planning business and I was making money and I started reading money books. Don't waste your time doing something that you don't care about or something that you don't like or something that you don't love. Jaspreet Singh: Jaspreet Singh: We kind of hit on this, but you need to understand how to protect your money and build your wealth as a doctor. When I was going to school, I went through a lot of schooling. Most people grow up with an idea of what they want to be and Jaspreet Singh was no different. 00:50:22 The price of everything is going to keep going up. It's a fascinating story. And the swag bag is great. Minority Mindset may earn a portion of sales from products that are purchased or recommended through our site as part of our Affiliate Partnership with retailers and brands. I hope the class action lawsuit sticks, especially Graham Stephan, Andrei Jikh, Jaspreet Singh (minority mindset), Kevin . So, I went from just try and business to business because that's how I learned. Say goodbye to boring personal finance . I did internships. Programmation et technologies internet; Rseaux informatiques et scurit; Gestion de projets informatiques T.I. I took a speaking class and one of the projects was to pitch a product to the class as if the class was a group of venture capitalists. I didn't have to worry about paying for law school because my business had paid for it. So, that's why we want to see more inflation. What are you saving? All the sacrifices that my parents and grandparents had made. Jaspreet Singh: Dr. Jim Dahle: I had never heard of that. What have we not talked about today that you think they should know? I wish I would have done something 10 years ago.' And one of the projects was to pitch a product to the class as if the class was a group of venture capitalists. Jaspreet Singh: But anyway, welcome to the podcast. When I came to college, I wasnt much of a partier. And after that, they tied him up on a horse and that was it. So I told myself I was not going to be a doctor. Download a free lesson from my premier program Write of Passage course and uncover your strengths, clearly communicate your value, and start building your reputation online today. What if there was a way that you could walk through the rain and not have to worry about your feet getting wet? And people really liked it. Don't spend money on dumb things when you don't have the money to afford it. Jaspreet Singh: No one in my family was an entrepreneur. Why are you throwing everything away? It was just me and a couple of guys who were trying to figure things out that were friends with me, but everybody else was doing the same thing. Jaspreet Singh: What kind of lessons aside from You need to become a doctor did you learn from your parents financially? Some docs are overworked. There was no money in it yet, but I liked it. We change it sometimes. And I started to ask myself, Why? Although he didn't receive any formal financial education - he's on a mission to make financial education fun and accessible. So they grew up with very traditional values. You can check us out on YouTube, Minority Mindset. The whole idea being you had to think differently than the majority of people. Jaspreet Singh: Tell us about that story. Even though I had gone through so much schooling, even though I had spent so much money in college, nobody taught me this. 199. As more and more money is printed by the federal reserve bank and the government, more dollars enter our economic circulation. I wasn't enjoying that. My parents started calling their friends. I pitch that off the top of my head. I spent a while creating the technology. That social validation is such a big factor in our lives and it affects people's finances. And so, your $100,000 today can buy more than what it can in three years. Read Paying Off $123K of Student Loan Debt in 1 Year Revisited - 5 Year Anniversary by with a free trial. So, on one hand, they keep talking about how student loans are a major problem. And the reason why I call it that is because you have to really be willing to think differently. I had no idea what to expect in college because my parents didn't go to college here.
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