10 HACKS To Get Rich Before You Get Old

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Minority Mindset

Minority Mindset

Күн бұрын

Пікірлер: 118
@shortstuff5503
@shortstuff5503 6 ай бұрын
I listen to you every morning. You are my Hype Man! Thank you for everything you do for us!!!
@victorromero7750
@victorromero7750 6 ай бұрын
I paid off my $27k 2016 Honda civic in Jan 2019 and I STILL have it cause I wanted to pay myself and save and boy do I have a lot now … PUT IN THE WORK
@4700.
@4700. 6 ай бұрын
04 e500 Benz… I’m riding till the wheels fall off at this point.
@Spimmick
@Spimmick 6 ай бұрын
You STILL have a 7 year old vehicle? Daaaaang lol jk. Keep going. 2016 is still "new" for a lot of people
@j_p_stratorus211
@j_p_stratorus211 6 ай бұрын
Did the same thing with my 2017 Rav4. I ain't buying another car for a super long time. Life's so much easier when you DON'T have car payments!
@victorromero7750
@victorromero7750 6 ай бұрын
@@Spimmick let’s get it 💪🏾 big money
@victorromero7750
@victorromero7750 6 ай бұрын
@@j_p_stratorus211 let’s gooo 💯
@thesoundofeverything8023
@thesoundofeverything8023 5 ай бұрын
You are such a sweet guy… and it is touching . Your good energy jumps from the screen to our hearts. Its my powerful wish that we all grow.thank you for all the good advice . Much love and wealth to you and the ones u ❤
@erics902
@erics902 6 ай бұрын
I think this is one of your top videos. At least for me. Will surely watch this one a couple times.
@carlom9710
@carlom9710 6 ай бұрын
Still driving my 2004 Toyota solara I bought back in 07. Saves me money and get to invest what I use to pay for car payments. Thanks for all you do Jaspreet
@SoMuchBetterOfficial
@SoMuchBetterOfficial 6 ай бұрын
This is a very high value info, thanks. I agree we must avoid those fancy brands things, that actually do te same things as cheaper stuff
@19Freddie
@19Freddie 6 ай бұрын
Both of my vehicles are over 20 years old, I'm a mechanic by trade so that doesn't bother me. I am finally getting to the point where I'm not spending so much money I don't have on tools and can finally focus on getting rid of my credit card debt. I have some money in the stock market and am focusing more on REITs (thanks to your info on those) than most anything else at the moment. I want to thank you for reminding me that this was just a part of the process and while it is a struggle at the moment, I know it will pay off someday.
@lidijatana7894
@lidijatana7894 5 ай бұрын
There shouldn't be any sort of pressure on how much you have at a certain age or other metrics , as long as you have that balance in life you should be good. , A good saving discipline and getting profitable assets to invest in brought me this far to having a 7 figure portfolio. also with my adviser handling my investments and ensuring i stay on top of the market.
@kalineats
@kalineats 5 ай бұрын
How did you manage to succeed? I want to invest more wisely because I have a lump sum that inflation is slowly depleting.
@lidijatana7894
@lidijatana7894 5 ай бұрын
@@kalineats i found an adviser that aligns with my goals- my expert Dianne Sarah Olson is well recognized you should as well do your own research
@lidijatana7894
@lidijatana7894 5 ай бұрын
@@kalineats Look up the name Dianne Sarah Olson, read through her resume, she is well regarded in her field.
@lidijatana7894
@lidijatana7894 5 ай бұрын
@@kalineats stuck closely to my adviser's insights and it pushed me , you can as-well research on her
@lidijatana7894
@lidijatana7894 5 ай бұрын
Her name is Dianne Sarah Olson
@Samvhuff
@Samvhuff 6 ай бұрын
I love the videos they have honestly changed my life
@winniethepoohandeeyore2
@winniethepoohandeeyore2 6 ай бұрын
We have an SSDI income, every month what ever is left over from our checking account which isn't much, we place into savings, isn't much each month but does add up!
@buggy946
@buggy946 6 ай бұрын
Excited for the Workshop coming up soon.
@pierrefontecha
@pierrefontecha 5 ай бұрын
T4:40! Filipino-American here. My parents were 1st Gen, their outlook on financing is to SAVE, SAVE, SAVE. Risk averse. Had to break the cycle, for the future. ❤️
@supriyohazra6912
@supriyohazra6912 4 ай бұрын
dada...I have been following your videos recently..your videos are great..
@601johnniemoney
@601johnniemoney 6 ай бұрын
Thanks for all you do
@robertonenlutingamoi2110
@robertonenlutingamoi2110 5 ай бұрын
This is owesome my boss.ilearnt a lot from your expression of financial management skills.
@richhands5269
@richhands5269 6 ай бұрын
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
@elnewbie2611
@elnewbie2611 6 ай бұрын
I would add to that list Bryan's channel aka ClearValueTaxes and for mental health and psychology HealthyGamer
@junky802
@junky802 6 ай бұрын
How money works feels like a doomers video. But they're are usually entertaining
@elnewbie2611
@elnewbie2611 6 ай бұрын
Seems like KZbin or this guy deleted my comment, but I mentioned ClearValueTaxes and HealthyGamer as great additions to that list too.
@tonytorres8741
@tonytorres8741 6 ай бұрын
Thanks for the suggestion! I will check those KZbin channels!
@stephanietorres8980
@stephanietorres8980 5 ай бұрын
What kind of account should i put my investment money? Another savings account or another checking account?
@CaedenV
@CaedenV 6 ай бұрын
As someone who has always been an employee, the delegation bit is hard... I mean, I am the one delegated to most of the time. Asking someone else to do something for me feels... really weird. And frankly, there is that expectation, and even if I don't do something perfectly, I know what I did and didn't do and why, and I generally know when I am going to make it right. Hiring someone else to mow the lawn, or do some other time-saving service for me... regardless of cost, even if it was free, it is difficult to let go of.
@nengzhongvue7722
@nengzhongvue7722 5 ай бұрын
Thanks so much. I learn a lot from you.
@jonathanibarra8356
@jonathanibarra8356 5 ай бұрын
Sorry to bother Jaspreet. But did you record the workshop? I missed it
@DavidHenderson-v6u
@DavidHenderson-v6u 16 күн бұрын
Thank you
@lesmorgan9243
@lesmorgan9243 6 ай бұрын
Good Stuff Jaspeereet!
@JOSETORRES-w5e
@JOSETORRES-w5e 2 ай бұрын
Ima need your financial advice , I just got separated and sold my house and got back 50k back , I’m planning to invest my money for growth .. where can I start ..?
@chrisproctor1411
@chrisproctor1411 5 ай бұрын
Where is the best place to first invest
@chrisproctor1411
@chrisproctor1411 5 ай бұрын
Where do I start and how can I...
@elnewbie2611
@elnewbie2611 6 ай бұрын
Yall need to remember that the first couple of years are the hardest ones because there are so many things that you have to buy first before starting to invest, you'll have to spend at least 20k on things you really need before even starting to invest, I'm talking about a car, tools, a place to live, education, health, self care products, furniture, devices, services etc... Is really a lot of things that you need to get first before investing your money, only after you have everything you need, then you can proceed with opening bank accounts, making a budget, start investing in the market, look for ways to increase your income etc... That's the part many people forget and no youtuber talks about, the setup is just as important as the financial ladder.
@Munce72
@Munce72 6 ай бұрын
No! No! No... Get the SAVINGS first!
@elnewbie2611
@elnewbie2611 6 ай бұрын
@@Munce72 you missed the whole point, you can't build a house without a full blueprint and base, the financial parts are the walls, roof, windows, doors etc... But in order to do that, you need a floor and a strong base and you must have that before even thinking about building your way up.
@OliviaOluwaseyi
@OliviaOluwaseyi 6 ай бұрын
You are very correct, it is when you have a living; i .e, food, clothing and shelter, it is then you can save and invest.
@TheLegend-uq1gz
@TheLegend-uq1gz 6 ай бұрын
This is very good. Thank you.
@courtneynelson8235
@courtneynelson8235 6 ай бұрын
Can the TSP be considered an investment account?
@SEMINOLEsq.
@SEMINOLEsq. 6 ай бұрын
I think the safest etf is RSP, sp500 equal weighted. Market cap weighting generally gives voo a higher concentration risk, though market cap weighted has greatly out performed equal weighting in recent years.
@rdecelien
@rdecelien 5 ай бұрын
The RSP is not a good idea cause if you take some or withdraw all, you have to pay taxes on it.
@romienomie
@romienomie 5 ай бұрын
This guy is maybe the best no b.s. speaker on KZbin.There is no hype get Rick quick junk.
@areebajunaid161
@areebajunaid161 6 ай бұрын
Jaspreet paji tell me how can I do Halal investments in market?
@cathyngungu7360
@cathyngungu7360 5 ай бұрын
Good morning I love you teach how start am a mother of two with small income
@michaelskala8445
@michaelskala8445 6 ай бұрын
Nothing wrong with rewarding yourself for investing. I have a nice IWC flieger watch but it was bought with my investment returns and payed for in full. The trick here is not to go silly and overboard but if you have the discipline then that should not be a problem.
@Elraul32
@Elraul32 6 ай бұрын
Thinking about buying gopro stocks. Should have bought Roots. Went up crazy recently.
@DasGonz13
@DasGonz13 6 ай бұрын
Is jewelry a good store of wealth like physical precious metals?
@masbuleinlondon
@masbuleinlondon 6 ай бұрын
Brushing teeth is valuable advice for building wealth. Spending a lot of cash for dentists ain't funny.
@Pleasemison
@Pleasemison 5 ай бұрын
39 years old. Not a dime on teeth repair. My parents paid for my mouth. I maintenance that for free. For now. Drink lots of milk to harden enamel
@winniethepoohandeeyore2
@winniethepoohandeeyore2 6 ай бұрын
I just watched a video a financial guy posted about a young couple, her car payment is 1400 a month, his car payment is 1600 a month...And she says that's normal 🤦‍♀🤦‍♀🤦‍♀
@Msvkitchenandbath
@Msvkitchenandbath 6 ай бұрын
Thank my friend for sharing this wonderful video
@bigchelis
@bigchelis 3 ай бұрын
Gold is horrible investment. Hear me out. I purchased gold in physical form. I purchase for spot price. When it came time to sell it the best I could get was 15% below spot price. Now that means it has to go up at least 15% for me to break even. What about buying online and holding digital portions? They ended up asking 2~3 x the value of spot and than you would be really upside down. Buying gold spot price has been $1750 to $2000 over past 5yrs. So, it has been ultra steady and for making money those days are over. Now, with buying scrap gold that is un-pure that is a whole other doomsday scenario unless you willing to purify yourself which is dangerous to say the least.
@thesoundofeverything8023
@thesoundofeverything8023 5 ай бұрын
Would u buy Nasdaq? How would u spread out ur portfolio.. oh.. noooo i missed the workshop😢
@seymorefact4333
@seymorefact4333 6 ай бұрын
🇺🇸 i paid cash for my $8500 Honda Odyssey.
@kuhnsanuk
@kuhnsanuk 6 ай бұрын
Right now I put 20% in Roth 401k and 20% of net goes in a separate savings account. That is my savings in case I need to buy a car.
@CaedenV
@CaedenV 6 ай бұрын
Do what is right for you, but consider the cost-benefit analysis of saving up a down-payment for a car, and investing the rest. When you actually need a car, take out a loan with a healthy down payment, and pay it down quickly. Run the numbers for you, but likelihood is that the extra time investing more instead of holding cash for months or years on end while waiting to buy is going to pay off more than the little bit of interest paying down a car loan in a year. It isn't always true, and it depends on how quickly you can build up that cash, and how quickly you need to buy a car, but generally speaking investing more earlier and paying down a small loan quickly is going to be better than stockpiling a large amount of cash for 1+ years sitting and doing nothing.... granted these days you can actually get a decent interest rate on cash-like savings accounts, so it may be a moot point at the moment; just something to consider though. Debt shouldn't be used as a tool to live beyond your means, or to buy more than you otherwise would, but it can be a great tool for freeing up cashflow for investing more earlier, or for allowing more runway and time on large purchases so that things don't all hit all at once.
@jogmas12
@jogmas12 6 ай бұрын
“Talking about my generation, I hope I get rich before I get old, talking about my generation…….”
@sassasins031
@sassasins031 5 ай бұрын
With an ETF you don't actually own the stocks. You own a call on the stocks from a Bank or similar.
@MargaretNjeri-qu2yn
@MargaretNjeri-qu2yn 5 ай бұрын
The best way to save money in kenya
@evanjohnson8682
@evanjohnson8682 6 ай бұрын
Bonus hack! ❤
@koolaid4yomomma
@koolaid4yomomma 6 ай бұрын
This video was awesome, a real eye opener. I’m on the right path just needed a little motivation and insight
@atterburyeagle6299
@atterburyeagle6299 5 ай бұрын
Dropping gems
@tim_9562
@tim_9562 6 ай бұрын
65/20/15
@joe77njcp
@joe77njcp 6 ай бұрын
It’s true don’t buy things that you in reality don’t need my biggest spending in years is my laptop. I do need it it’s better then my phone
@tatygrajales
@tatygrajales 5 ай бұрын
I need to get this one in spanish
@davidlen7643
@davidlen7643 6 ай бұрын
Useful tips but no time stamp too long
@Martian74
@Martian74 6 ай бұрын
I am a sales engineer so I get $18 k in car allowance per year so I have to spend it or lose it.
@artat777
@artat777 5 ай бұрын
Love your videos your information is awesome. You talk too fast. I’m a slow learner lol. 🎉
@markaword1561
@markaword1561 6 ай бұрын
I dont miss a single video. 2024 was not the year to buy a new truck, thats forsure
@rodneyjenkins6931
@rodneyjenkins6931 6 ай бұрын
And 2025 is not the year to buy a new vehicle.
@obiomaokeydicksonchimezie2336
@obiomaokeydicksonchimezie2336 5 ай бұрын
Honestly ur lecture has increased my financial IQ.
@ericdonalson8077
@ericdonalson8077 6 ай бұрын
awesome
@blink_1223
@blink_1223 6 ай бұрын
If Jaspreet is making "decent money", I'm making monopoly money 😭😭😭😭
@jeffaragon
@jeffaragon 6 ай бұрын
The easiest way is to understand your tax bracket know what you make a year and understand the tax bracket for dividends qualified or non qualified. And youll be ok. If its to difficult then pay someone. But im speaking from a dividend income cash flow investor.😂🎉
@metalmilitia224
@metalmilitia224 6 ай бұрын
🤔 what wrong with buying a BMW?
@getusome08
@getusome08 6 ай бұрын
Nothing if you can buy it with your dividend checks. The point is buy a get me from a to b car easy on the pocket book until then.
@XennialGuy
@XennialGuy 6 ай бұрын
It's not a McLaren, that's what's wrong.
@nitinjadhav-wj4zv
@nitinjadhav-wj4zv 6 ай бұрын
That advice is only for people who are quite satisfied with Toyota or Honda and don't have to break the bank for a sensible means of transportation.
@601johnniemoney
@601johnniemoney 6 ай бұрын
DNT you have to be making some money first 🤔
@sauljimenez6738
@sauljimenez6738 6 ай бұрын
My man, you can easily get a better car and write it off on taxes as a business expense since you have to travel to places and your image is part of your branding.
@getinthespace7715
@getinthespace7715 6 ай бұрын
My accountant charges less than turbo tax... Look for an accountant, people.
@wt9653
@wt9653 5 ай бұрын
You save and save and save. Before you know it. You're filthy rich. Most importantly, you're very old and you ran out of time to spend the money.
@recardobrown
@recardobrown 5 ай бұрын
To late I'm old
@azeemhoosain4004
@azeemhoosain4004 5 ай бұрын
lol indian ppl true
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