The 6-Step Formula To Become A MILLIONAIRE In 2023 (How To Build Wealth) | Jaspreet Singh
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- čas přidán 5. 08. 2024
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Jaspreet Singh, the Minority Mindset, is an attorney, investor, and CEO of Market Briefs. Although he didn’t receive any formal financial education - he is on a mission to make financial education fun and accessible. Every time Jaspreet is on the show, I learn something new, timely, and valuable - and I hope you do as well! And now, let’s jump into Episode 1,327 of The School of Greatness.
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Thank you for having me on!
Thank you for being there, absolutely relatable to me, I often feel as if I’m stupid but I do know I have the inert drive and ambition to overcome my generational, financial disposition.
I’ve experienced poverty, seen my family work to the bone to provide for themselves and for me.
I want to change the trajectory of my family, I bought a home three month’s ago, got married last months and just found out two days ago, my wife is pregnant.
I want to be the best husband and father I can be, I work a 9-5 Currently but I have $10,000 saved.
Fixed interest rate on my home, slowly gaining equity, diversification of investment in stocks and crypto.
I want to be financially free and I want to contribute to humanity in the best of ways.
N-no. Thank YOU!
Ddd
Yu
Thank you for coming on the podcast ! Which financial books do you recommend?
No sir...thank you!! It's truly appreciated! Plus you don't look like a damn scammer, like the others out here! The info seems genuine and comes from the heart! Salute to you...
This man doesn't receive the absolute credit that he truly deserves.
His knowledge & his free advice on this show is sterling, plus, he's a very intelligent & wise man!!
Thank you, Jaspreet Singh!
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..
This information is really helpful.
A
💎
@@kevsmills ...HE KEEPS SAYING ME AND MY WIFE BUT I DON''T SEE A WEDDING ...''' RING ''...
Schools won't teach you this.. that's why a financially literate dad is very important to a child's life
1:57 Step 1 - Get your mindset right (Believe in yourself)
5:52 Step 2 - Create financial base ($2K emergency fund/get rid of high-interest debt)
11:55 Step 3 - Lead your money (Create a system to invest your money)
17:05 Step 4 - Interest-free living
22:29 Step 5 - Multiply your income
33:34 Step 6 - Be great
Thanks to @revtune for finding steps 4 and 6!
17:05 Step 4 - Interest Free Living
33:34 Step 6 - Be Great (I missed 5)
22:29: Step 5 - Multiply your Income
Thank you @Sterling R. Morris for doing this, helped me out
Thanks
This is why the education system needs to be restructured in this country. Kids need to be learning about real-life, practical subjects like building credit, investing/entrepreneurship, taxes, financial management and even basic things like how to change a tire etc.. Some of the primary subjects that are being taught should be viewed as electives.
Also nutrition.
@@gloriafarmer6826 Absolutely. The doctors in our medical community need to be learning this as well. Too many are quick to resort to medications when proper diet and exercise can fix so many issues.
.....or begin the teaching in your homes.... it all begins in the home. YEP the changing of the tire is empowering I did this 10 years with my family youth, GirlScout troop and community youth organizations #ijs-mmdo
@@tmed362 For sure, teaching begins at home. But many parents lack the skills and knowledge to properly do so. I teach my younger siblings what I have spent 40+ years learning on my own, because my parents didn't know this stuff and therefore never taught me about. In order to have a desire to learn it, you must first understand the importance and/or benefit of knowing, but you cannot know what you do not know, and many people do not even try because they convince themselves that they cannot do it, or make significant improvements.
If you leave " teaching" upto schools your children are doomed. I see your point 1000% . However, schools are a part of the debt system. Teaches you to get in debt. Get in debt for new safe car for college. More debt to get through college. Graduate college and play competing with the jones and get a mortgage. Then of course you need the 7 seat SUV for soccer. Next thing you know you realize you just contributed to our debt based system like a good worker bee. You missed a ton of your kids sporting events because of off hours work/ reports , emails. On an on and mid age you get laid off. People do the opposite of the crowd and you'll be fine. How can one expect to be in the top 5 percent earning crowd when your doing what the masses are. Think on your own 2 feet. Follow your thoughts. Develop your shortcomings and max out your talent. Buy multi family and go with subsidized units paid by government which helps less fortunate. Never think a task is beneath you. Invest all of your money wisely (real estate has been incredible to me) stocks are casino. Keep getting your properties paid down . Dont fall into leverage. Maintain at least 50 percent equity position at least... roll up your sleeves and build sweat equity with help from youtube. Next thing you know your cash flowing net 20 or 30 k per month or more and you've built multi generational wealth footing for your kids. REAL EASY AND SLOW AND STEADY IS THE WAY. Good luck on your journey.. believe in yourself and ignore FUD
I've just forwarded this video to my 4 adult children (23-32) stating "I wish I had this advice when I was their age; set time aside watch and action"
This man is so generous with his knowledge. I really appreciate this video! Thank you!
I love Indians because they never sugar coat anything. thanks Jaspreet Singh, so proud of you.
Jaspreet is absolutely amazing! Thank you so much for the episode. Priceless 🙏
I am learning slowly at 47.... but I'm learning, thank you 🙏🙏🙏
Income - Expenses = Investments + Savings 💡✍
First and Foremost rule is Discipline Discipline Discipline.
Yes, yes, yes! Thank you both for such a timely segment. Jaspreet is one of the more lucid voice on personal finance. I am glad I found him through this channel and I am now following him as well.
You're welcome, thank you for being here 🧡
Agree!
@@jaynecuckney406 Yes
championing of the crabs in a barrel competition for the world's finite money supply only maintains the controlled opposition of your species. . and the delusion that this needless, constant competition is necessary. . god humanity is so fucking pathetic.
Yes! Definitely! Jaspreet is really awesome to listen to when it comes to financial advice.
The answer to giving is simply to decide on a predetermined, monthly or yearly allowance and stick to it. Once the funds are gone, that's it until next month/year etc.. Tell people to come back then. First-come, first-serve. You can break this up even further and allocate a percentage of that allowance to family-only or whatever else that you care about. You can even set limits per person or group to make things fair. By removing yourself from the equation and establishing a system, people tend to complain less and stop making things personal. Just as you allocate a percentage to saving, investing, tithes or whatever, you allocate a percentage to charity.
The best line that really worked for me was Real wealth is created through Investments and not savings
What and what factors determine what you invest in? And can you give an example of where you invest,?
FNB and S&P500
@@emmanuellaezenwa4097 ...his name is WARREN-BUFFETT...saying 9-5- JOBS ...you pay INCOME-TAX/es...INVESTMENTS IN COKE PEPSI ROYAL CROWN TROPICANA AND BEVERAGE COMPANIES ...INVESTMENTS in Self-DIRECTED ...ZERO ...in Taxes ...P.s.++ ZERO-COUPON-BONDS ARE STILL OUT THERE ...
1. The minority mind set
2. Building financial base
3. Cut financial bleeding.
What's the other 3 steps?
4. Lead your money
5. Interest free living
6. Multiply your income
huayuo😊
Yes
I was born in the struggle , I put my back to the wall and I worked ..as hard as I could , as long as I could ..I blinked my eyes and 25 years went buy , because I loved what I did ..otr truck driver , by the time the government screwed that career up , I stopped to look up and seen light at the end of the tunnel ..I couldn't buy a new truck at that time and that was my dream ( epa ruined that ) so I quit , payed off the house ...switched careers , moved south 1300 miles , and started over ...im happy to say I did it again , and in a shorter time , and a much bigger piece of the pie ...now I wish I knew how to manage all this 😕 very close to debt free ..a long long time coming goal ..
So agree. I started that mind set 2 years ago and I'm not looking back. I feel strong and in control of my financial life...
At 45, this dude has helped me understand more in the last three months. Than anything on this subject .
Glad you enjoyed it!
@@lewishowes ...yeah Dave Ramsey and His Baby Steps ain't getting ...it
I am grateful for Jaspreet Singh sharing his knowledge and tips on how to become a millionaire! 💰🙏 His six-step formula is clear and actionable. Thank you!
Yes on jaspreet
This is so different from anything else i have heard but also makes more sense. It makes me feel like I can do this too in a small way as I'm single mother with no help but this is super inspiring. Thank u gentlemen 💕🙏💕
💯✅
Yes you can do it it's easy. If you be patience and consistent
Cum on i got this01
@@naijeemaserati yousityingonmyface6969%
Your currency can do more in Africa, more space also in Africa, lets do it in Africa
Learned so much from this interview...Lewis you ask such good questions...How do you do this? do you have to prepare a lot for this or is this also another skill you have managed to acquire? I am constantly learning but you make it look so easy. Hoping to learn from your answers sir. Thanks, Diva M.
You guys are awesome. I've been watching these videos all evening, and it's time I take my business to the next level.
'I learnt far more from my failures...
Than I ever did from my successes'
Sir. Richard Branson
When you guys get together, I just can’t help myself! Wonderful interview!
Thank you so much for your feedback 🙂
This is the best educational You Tube channel that provides practical life strategies to attain financial wellness. Thank you so much, Mr. Howes!
Omg this video is such a confirmation of what I prayed for. Very informative so much information that you can apply. Start today everyone!!!! You can do it
I like how this guy keeps it real and maintains his composure unlike others that just speak loudly to emotionally charge you and sell you what ever they are trying to sell and when you find out the reality that its not as easy as they put it.
1:18:00 Jaspreet, That is a very relatable way to share that you did not know how to get in your own way, allowing the Universe to easily find you when I has something you asked for.
This is all so true I live by this. Society doesn’t focus on net worth but in how many payments instead of how much.
I love the way Lewis jot down information that He hears from his guests that's beautiful to see I actually do that as well.
Thank you! It's extremely helpful for me.
I love this human being, great vibe and awesome advices! Keep up the good work. I am learning so much with you ❤️❤️
Awesome interviews as always Lewis! I love the fact more often than not, people doing these interviews like Jaspreet and giving this advice, have not had formal education. I know in my case 99% of what I have learnt in business and life has come from actions and doing, rather than theory.
Thank you so much for your feedback 🙂
Jaspreet is a lawyer.
Jaspreet went to a law school and he is an attorney so I believe that would be formal education if I am correct?
championing of the crabs in a barrel competition for the world's finite money supply only maintains the controlled opposition of your species. . and the delusion that this needless, constant competition is necessary. . god humanity is so fucking pathetic.
He's a lawyer ... and seems to have done tax law in particular. That's formal education.
Greatly inspired by this interview. Thanks for sharing this valuable wisdom; makes one feel real that becoming wealthy is possible no matter what your circumstances are. Appreciate the practical knowledge.
Love that you have Jaspreet on! I've been following him on his channel and love to see his influence and info being shared. Its so helpful and important for us to all gain more control of and live better lives! Great stuff as always 🙏
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Thank you so much. 🙏🏾🙏🏾🙏🏾Happy New Year. This stuff is not taught in school because they need people to do the 9-5 jobs - be there for 25 years- be honoured with a clock after retirement!! It’s parents’ responsibilities to learn - teach & lead their kids. 🤔
I get so excited watching these with my wife.
There are a lot of good gems to unpack here. I especially like the part where Japser speaks about it coming down to mindset. To change my finances for the better, I must change my mindset first.
This is great information. I plan on rewatching and making notes to start implementing your tips asap! Thank you Thank you!!!
You're welcome, thank you for watching🧡
what info? i did not learn where to invest or how to do anything besides "pay off your debts" Duuuu everyone knows this
@@bigbadbootydaddy616 Question.
Unfortunately this is very helpful general advise but like most of CZcams it’s just feels like marketing, I feel a bit frustrated as they are so freaking rich and say they don’t do this to make money but no one actually tells you exactly what to do to get wealthy, I want to start a business or invest some money but I don’t want to be one of the 90% people who fail cos I’m turning 40 this year and I don’t want to waste time/money, give me a sure thing and I’ll do it lol 😆
Yes!! This was so informative and inspiring. Thank you!
Great information! Yes please, more videos with Mr Jaspreet Singh! I greatly appreciate Jaspreet Singh's honesty and his desire to share his tremendous knowledge with us.
I love it how even after being Rich, famous, knowledgeable you still use pen and paper and take notes! That is what make you who you are. Thank you ❤️
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Thank you Lewis for all of the financial education videos you make for us. Your channel helps us navigate many difficulties in life. Your videos talk about problems no one wants us to figure out. Thanks so much!!!
You're welcome, thank you for being here 🧡
Right. Anyway, BIB Cryptocurrency Exchange is hitting a new milestone. They will be having their Initial Exchange Offering their own exchange platform and will be selling 1Billion tokens (200,000USD value) 🤑 Try it!
@@jermainejermaine8726 I appreciate your comment, however, this is like speaking Chinese to me. I don’t understand what a cryptocurrency actually is. Where is their platform and how would I buy? Thanks.
championing of the crabs in a barrel competition for the world's finite money supply only maintains the controlled opposition of your species. . and the delusion that this needless, constant competition is necessary. . god humanity is so fucking pathetic.
@@genpaullacamera2233 Lmfao how does it feel being the ONLY species on earth. . that has to pay for permission to live???. . and maintain the division of your own species by constantly fighting over money???
Yes to Minority Mindset. Thanks Lewis & Jaspreet for doing this interview! More power to you both! 💪🏻💪🏻
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championing of the crabs in a barrel competition for the world's finite money supply only maintains the controlled opposition of your species. . and the delusion that this needless, constant competition is necessary. . god humanity is so fucking pathetic.
Yes you have a proper mindset to fulfill your dream as believing yourself
czcams.com/video/X6TGWUsDQLM/video.html
The greatest and worse disease is poorness.
Thank you both,this interview is a goldmine.
Appreciate the intensity and the wisdom delivering this message.Amazing!🙌🙌❤️
You're welcome, thank you for being here 🧡
Nice words
championing of the crabs in a barrel competition for the world's finite money supply only maintains the controlled opposition of your species. . and the delusion that this needless, constant competition is necessary. . god humanity is so fucking pathetic.
So sweet to hear,let us event and begin abusiness
Amazing interview! So important for business owners to know all this. Thank You!
Wow.. Listening to Jaspreet sparked a fire in me.. That i could do more than what I am now.. Thank you for sharing your learnings.. Thank you Lewis for continously growing your mission by interviewing these magnificent human beings that can help heal the world❤️
THIS WHOLE VIDEO IS PURE GOLD! Thank you!
I learned a lot and I normally always put things into perspective but these perspectives are beyond me! Will continue to practice theses steps! I have to be free by like 2025
Thank you for opening my eyes on personal finance. Since I'm from the third world and the system here is different, the ideas can still be applied in most parts. 🙌
You're welcome,thank you for being here 🧡
championing of the crabs in a barrel competition for the world's finite money supply only maintains the controlled opposition of your species. . and the delusion that this needless, constant competition is necessary. . god humanity is so fucking pathetic.
Thank you so much! I have been listening to Jaspreet and something just clicked! Thank you!
wow listen to this seminar gives me a greater potential of controlling my personality my out line and my incoming a great setback and a positive thinking setting the mine for what you want and goal you need to set
So glad you enjoyed it! Appreciate you for listening.
Yes!, keep making more of this great! Videos
This was life changing information! Thank you for putting this video together.
Great video please more jaspreet! I am mostly interested on turning it around from debt to earning and starter or beginner investments. Thanks for this.
You can not change your outcome when you haven't changed your mindset! I got that.
💯
Handle on this video ho Hanson very
Yes, and my family don’t have that, (Mindset) so we won’t be going anywhere 😢
Mindset is key! I love the idea of just taking action.
Acting does not suffice. One also needs the right strategy. Otherwise, one will fail for ever!
This is great. I appreciate successful people that want to share their knowledge and help others. Thank you.
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I cannot tell you just how grateful I am for this video : )
So true about the limits of saving. Saving is important, but there is so much I didn't recognize as a young person.
Thank you both so much for sharing this with all of us 🙏🏽
You're welcome,thank you for being here 🧡
Wow that was so dope what’s making you LOOK rich is actually making you poor. that is so true!!!
The step-by-step approach provided invaluable guidance on how to achieve financial success and accumulate wealth. The strategies shared were practical, actionable, and tailored for the current year, which made it even more relevant and exciting. I appreciate the clarity and thoroughness with which the content was presented, making it easy for anyone to follow along. Thank you for empowering us with the knowledge and tools to pave our way towards becoming millionaires!
This was so great! I can't wait to learn more. A 101 class on everything would be great too!
So glad you enjoyed it! Appreciate you for listening.
Thank you so much. You taught me so much and I get it. Great speaker!! :)
You're welcome!
Thanks so much for this because it's real education!!! I started changing my mindset and paradigms a few years ago. So glad I did because wealth building is so much fun and easier now more than ever. Namaste ✨ 🙏🏾
You're welcome, thank you for watching🧡
Really rare, to find someone who speaks so freely and without the "symbolism" in a simple form ! awesome video !
This is so positive and inspiring!! Thank you both so much! ❤️ 😍
You're welcome, thank you for being here 🧡
Dude, you are awesome, I am so grateful for the universe for you sharing, I spent time in Germany 🇩🇪 running a night club off base and male dancer, so I am bless by you sharing, in divine, now in the 🇺🇸 with an accounting degree and in real estate so I get the flow,
Thanks AGAIN
No Spanish translator?? Please
You have given me so much information to think about. After listening to you, I realized my mistakes trying to become an entrepreneur. I've taken down plenty of notes to help me begin my journey. Sir, Thank you so very much for sharing your knowledge!
Thanks for being here!
Very informative, I need this to be shared throughout my whole family. thank you for your well-informed information. very inspirational as well.
Wow… what a great communicator, Jaspreet. Lots of great self insight.
Didn’t know about you. I will be sure to follow!
Yes! This was on TIME! ❤❤❤Thank you for this Platform!!!!
Jaspreet thanks for all of this information. You’re amazing ! Awesome interviews Lewis !
You're welcome,thank you for watching🧡
Thanks to my parents they taught me these while I was in high school ❤
Minority mindset is amazing. I love their content and how inspiring they are!
Love how he gazes at him with such awe and admiration. Awesome content, such a good teacher. Love the honesty and just straight to the point. Love it!
I noticed that too! He's genuinely interested in what his interviewees are saying and learning from them.
I was thinking the same thing!! 😊
Can you do a show on what to do if you are in your 50’s with some retirement built up, but not enough? You also have cc and student loan debt. You have a good 10-15 years before retirement. What would you focus on?
Yes I would love to see more content. This has helped me be more curious about financial independence
Thanks to Jaspreet and Lewis for such a wonderful interview. There were few Aha! moments for me.
Thank you so much for giving people a window into the minds of high performance individuals. As well as actionable advice. We live in such turbulent and troubling times I would like to encourage all of the people watching these videos to reflect and meditate on what has been said to incorporate it into their own lives in a truly tangible way. Please take care of yourselves whoever may read this ❤
Thank you too for sharing this piece of info. Very helpful
Thanks
OMG… I just want to say THANK YOU!
Remain blessed.
Great to hear the secure way to future financial success.
Thank you, MR. Jaspret, you inspire me, I will do this for my family as well.
Wau! This guy is a genius! Thank you very much for this episode!
You're welcome,thank you for watching🧡
I'm so excited, I found this interesting video ,
I.Mindsets 2,Education, 3.Decrease your expenses.4. Financial freedom
All this has really changed my mind and the drive has in
while I'm doing some work in listening I do get a lot of knowledge about the financial system and how to start today, this is a great time and episode to learn more! thank you, guys.
It's very Educative, been a young interprenuer am happy i have come across this video ,
Never retire. never never never. Live and love being productive. That's the handbook we need. I must say there are some real gems in this discussion. I've used them for my son to help him beat the challenges and fears he is having about taking on responsibilities. So I realllllllly want to thank you for those tidbits. I'll just repeat that retirement is not the ultimate dream in life. Working is rewarding. Working your whole life should not be seen or taught as something that's miserable. I have so many family members that would have went insane if they did not work work work! lol. Okay, thanks, good people. Find the place where you want to fit and work on being a happy go-getter and put the yummy things on the table and put smiles on the faces of your fellow humans.
This is a beautiful advice, "never retire. Work should not be looked at as a misery" I never thought of it in this way.
Question - passive investments? Does that also mean maxing your 401K?
Yes. Thank you. It was unbelievable value.
I wish you all the best!!!!
I am so lucky that i am 18 and saw these types of knowledge videos and executing it ...and making thousands of dollars...rather than clubbing and girls that majority of the people in the WORLD are doing 😌😌
‼️Life changing words
Great priceless info...salute to you guys!!! 🤙🤙🤙
Yes, more please. Love the renew the mindset
after 1 year ive already made drastic improvements to my life im from memphis tn
Wow! Just learned so much in the first 2 minutes. WHat a formula. Thank you
You're welcome,thank you for watching🧡
This is absolute GOLD Lewis!!!
Thank you for interviewing such a smart man with a super-articulate way of educating his audience 🫶🏾
This is very inspiring to hear as we go into the New Year 🥳
Thank you so much! Happy new year to you too! 🧡