How Come No One Talks About These 7 Wealth Killers

[@MinorityMindset]

Join Market Briefs for FREE and get my daily financial newsletter: briefs.co/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 KZbin 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!

[@Mg-yn2px]

Minority mindset….. thank you brother. You always in my mind when I going out for spending money/shopping for anything…. Thank you for helping us open our eyes 😂

[@randygip5276]

I’m selling the people shovels and buckets for them to dig for their gold

[@timothysatyr6674]

Thanks for the heads up I almost subscribed to "your" OF

[@PaulStephens-ie8vl]

my wealth killer is cars and pore decisions and lack of knowledge i enjoy listening to you every single day

[@MarieHolliday]

On point you don't need a credit score to build wealth it's eliminating debt and building your wealth and doing everything in cash pay attention to your debt to income ratio

[@shawnpatton3795]

Insurance companies have been known to use your credit score and some employers too.

[@jimhicks9098]

What I sincerely enjoy about your KZbin video is your unbridled honesty!! That's why I keep coming back! Plus, your examples are so easy to understand and relate to! Keep up the awesome education you are providing!

[@SRMinds]

It just hit me! Jaspreet is an Indian uncle, he's telling us not to watch TV just like my dad does! I love it because it's so true and unproductive.

[@damxgopak457]

Been driving for 45 years never had a car payment and i drive cool clean old cars learn how to be a mechanic it really pays off.

[@TopNotch50]

Drive a POS! (Paid off shitbox). 54 years old, never had a car payment. Never had a new car either.

[@Heisenberg.735]

Been in usa since over 20 years and unfortunately car-payment never left me since 2006

[@Heisenberg.735]

Due to the fact that my first car was paid off car old bmw and everymonth in the shop ever since japanese cars

[@Petesworkshop2225]

You can not work on cars made after 2005

[@devinlain8203]

I must have been living under a rock to only just find your channel yesterday. Keep it up!

[@kubslez4922]

Same for me. I have many new recomendarion today, it must be happened some algorithm changes on KZbin

[@simonzerom8321]

I was on a deep sleep for my entire life. I really appreciate for the lord for make me to find your channel. May the lord bless you more wisdom.

[@Bran08Eman]

Not being part of the crowd with friends and family. I find my joy in mundane things most don't understand. Unless genuinely asked, I don't impart wealth advice. In my immediate circle, there is no chance of that happening. They probably feel sorry for me and are too busy being obedient consumers.

[@Whatnow458]

I totally understand. I’m the poor guy that buys old cars and fixed everything myself. My family plans all year for Black Friday shopping to “save” money.

[@MarcieHill]

Same. I can't have wealth conversations with my friends, which is why I'm grateful for sites like these and people like y'all I can learn from and interact with.

[@thomaspettit788]

Your car can run forever. Learn the skills to fix and maintain it. Like building wealth, you have to learn the skills. Skills build wealth!

[@NevsTechBits]

Dude I LOVE how you tell people to stop spending money. Your the ONLY person saying the sh*t

[@user-hk5hw8jg9m]

Yea literally sucking the fun out of everything

[@SluTubeTV]

Bro I absolutely love your channel

[@Suki7205]

Your always on point!

[@newbee628]

Im so mad about my car payment. Did not have cash to buy. Bought a used suburu, payments too high..now stuck. Love this channel! Changing bad habits

[@mikeem848]

@16:23, I dig it! Hah. All joking aside, I know that a lot of what you say is repetitive, but I always like to think of it as a daily reminder of what I'm striving to do and a reminder of how to stay on track to not having to work because I HAVE to rather than because I WANT to. Thanks!

[@terryllee7706]

"REAL TALK " THANKS BRO 🎉

[@kevinbuggest1636]

My struggle is the outside food buying, that's the one for me. But thank for releasing this video to remind me to get back on track.

[@nancygreen8186]

I have a great credit score. I think it's the highest you can get . Over 830 and yet I really don't need it. I pay cash for even the big things. The last three cars I bought I paid cash and I buy a car that's 2 years old, pristine with very low mileage. The last house I bought I paid cash. An REO foreclosure and got for 1/3 of what it cost to build it. It was brand new with all appliances included .

[@MCJSA]

My brother in law never buys a new car - always looks for the low mileage second hand deal and he always finds it. A couple of years ago, I bought a five year old second hand Ford hybrid with 18k miles for less than $20k. The car was like new and very cheap to run - until it breaks. Hybrid cars are basically computers on wheels, so watch out.

[@joeb734]

I always find it ironic how when you "need" affordable access to debt, you don't have it....when you don't need it, banks are begging you to take out a loan...banks are predatory scum, the metaphorical boot on so many Americans throats...and they use other people's money to do it...I hate it

[@cliffordmncwabe3048]

How I wish I can get that score you have got😢

[@MCJSA]

@@cliffordmncwabe3048 I had a score like that and qualified for a mortgage at a very good rate - but that I could not afford. Did not buy the house. Ended up with something I could afford - easily worth the hit I took for breaking contract. Listen to Jaspreet. He's one of the best in his class.

[@mandypdx]

Mine is 843. My only debt is my mortgage

[@BigLikeACow]

Congratulations on the 2Mil Subscribers 🎉

[@HiscoeJiuJitsu]

Great video. Thank you.

[@redeye1773]

always the best advice cheers

[@jasonhale82]

THANK YOU FOR VIDEOS, THEY ARE SO HELPFUL AND DIRECT. I like the no BS straight forwardness of getting your point across.

[@MarcieHill]

Went to a restaurant yesterday and a small hot chocolate was $3.99, and the large was $4.99. Well, that box of Swiss Miss from Sam's Club. It was delicious.😊

[@P.M.O.S.69]

Excellent video Sir 👍🏼

[@Fasttowpro]

This was so good! The last tip on the spouse is by far the most impactful statement! All true but that one will make or break everything else!🙌🏾

[@Cryogenictrucker]

My Lexus gx payment is $1128 a month but I used is as a write off for my business using accelerated depreciation with the irs 6000 pound plus vehicle depreciation they over 100 percent u can take in the first year of ownership

[@cashflow68]

Congratulations on 2M. Well deserved. Thank you for you do.

[@beunkalolita]

Nothing but straight facts, I have a toyota camry that I financed but since I have been making my payments on time, I can now re-finance for a lower interest rate. I plan on doing this next year so I can put that extra money to in me and my daughter's investment portfolios.

[@KishTalksCredit]

This is really good insight on credit scores😊 no car payment here by the way✌🏽

[@mk1fourwinds62]

I bought a brand new ‘22 Corolla. Inexpensive and reliable. 60 month note. $375 a month. My Honda Fit had just turned over 215,000 miles and it was showing the back road wear. Sound thinking at the time. I regret it. I should have bought another used beater for cash. I look at it like this. I took a pay cut of $375 a month for five years. 🤢.

[@JRich165]

Me too. Me too. Same boat. Worse. Bought a used work van last year for 138mo at abt 8% I thought wasn’t bad. It turned out to be rust boat and I ran up my credit card 5k to what I thought would fix it so that’s an additional $226. Then this year I saw a van I really liked 10 times better even though I was paying off debts dramatically, I felt like I haaaaad to get it and now red at $350 a month for the next 5 years::: just bad decisions man. Bad …

[@JRich165]

Me too. Me too. Same boat. Worse. Bought a used work van last year for 138mo at abt 8% I thought wasn’t bad. It turned out to be rust boat and I ran up my credit card 5k to what I thought would fix it so that’s an additional $226. Then this year I saw a van I really liked 10 times better even though I was paying off debts dramatically, I felt like I haaaaad to get it and now red at $350 a month for the next 5 years::: just bad decisions man. Bad.. and honestly it probably wouldn’t be so bad if auto insurance wasn’t taxing us hundreds of dollars a month as well but that’s another convo

[@eagleschic4926]

The change in your voice for the “desperate” pitch, I laughed out loud! Thank you😂

[@jodykaye950]

#7😂😂 let me get you out of your financial despair, buy my program sounds like an ANTHEM! to me 7.5 is my worst struggle my partner works seven days a week yet NEVER HAVE MONEY!

[@jreyes7977]

That is a really good list. Thank you. A lot of people don't talk or list the last one but that one is crucial. Having a partner who doesn't understand and doesn't help you save is going to sink your boat eventually. No matter how hard you work. You both have to be on the same page in order to reach your financial goals.

[@diemes5463]

One of the benefits of buying a used car is that you do research on it. How many recalls a model has, which year is most reliable, what's the real world mpg, etc. My dad always said a reliable used car at 50k miles is practically new, as it will last over 200k miles in it's lifetime. You can't guess that kind of reliability even with the Japanese brands because they can change one part and ruin the entire model year.

[@freddydon6120]

16:47 I timed stamped it, you agree it's hard to learn good money management that's my main issue getting out of a certain mindset and actually doing these things you talked about on your video. It's like truly where to start whats the time step I need to make is it find a platform to start investing if I already have cash to invest, is it a good idea to pull money from one place to create a different investment account interm of like 401k to start a side invest like what's the right approach

[@Starship007]

My son flys for a major airline. He does have a college degree. You could take out flying loans instead of college loans. Airlines require 1500 hours flying time. Copilot $200,000, Captain of wide body $400,000/year. There is a shortage of pilots

[@Starship007]

Is it hard and stressful, yes. More money brings more stress and responsibility especially a business. You must be challenged in life or borrowing job

[@jobellecollie7139]

I’m going to keep driving my 2011 Chevy Express. I just ticked 48,000 miles. I cannot imagine a car payment higher than my house payment.

[@Making_Moves_XO]

Also, don’t forget that when you buy a new home, there are additional expenses to consider, such as window treatments, rain gutters, appliances, fences, landscaping, and more. These are costs that many people might not initially be aware of.

[@ArchieHwan]

My outlook on money changed when I realized that is better to invest on or before retirement, some people are just putting £15k or £20k With the current market movement at the end of the year they are making millions.

[@wilderRobin]

Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.

[@Grayoakley-k1m]

My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

[@Kellyheo1]

Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

[@Hapjack11]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

[@FredRed-n6o]

Life is easier when the cash keeps popping in, thanks to Elizabeth Regina Nelsen's services. Glad she's getting the recognition she deserves

[@Ocq4395]

Can you make a video on how to improve credit scores without taking on debt

[@JV-ir3zw]

It's AWESOME that your wife supports what you do Congrats 👏 🙌 Jaspreet ❤

[@MarkAdamsonEcosystem]

I buy everything cash only.. the best way to go .... I also have a business start-up for 6 years, getting ready to launch soon . I have one credit card. I use 8% only. For any big purchase I use cash 💸..

[@Mr.Polite415]

All my partners are bad with money. I had to leave them alone. My credit score is 770+ I prefer to invest my extra funds into assets instead of liabilities. My ladies prefer to use my CC to enjoy the moment. I'm still trying to grow. Not trying to go back to square one.

[@Ripberniemadoff]

It’s hard to find a financially stable partner now days smh

[@chrisventura1881]

Can you talk about which high yield savings accounts are best to keep your money in? Do you have a video on that?

[@AmandaMurphy-b7k]

#6 spending $5 to $10 per day because I don't want to make my work lunch. Thank you for your channel!! 😊

[@victorbaird8220]

You are so beautiful 😍 😊

[@Mmmmnotgood]

#4 add the cost of Comp & Coll ins. Which is a requirement.

[@markbeiser]

2:56 I disagree! The car looses value as soon as you sign the paperwork making it yours, even if you never put the keys in the ignition.😉

[@shosmyth1454]

Love your Videos!! Thank you!! 🌺

[@josefj1776]

My wife and I will get a car loan for 72 months and pay it off that year. Pay off our credit cards monthly and both of our FICO scores are 815 and 813. A high FICO score is also simply to be responsible with your debts and paying them off.

[@IKICKYOURGNOME]

In canada, a better score means a less cost of borrowing and less interest on a house or even the ability to buy a house (or rent an apt these days)

[@adccars359]

America too

[@crenegadex2034]

That's why I love this guy I keep telling people if you have $10,000 to spend, spend that money on a used car it might not be the most luxurious but it will save you thousands all cars are the same it has 4 wheels and a engine.

[@Steste561]

I see what you are trying to say but NO all cars are not the same.

[@topgun1lt]

There’s a better middle ground. I bought a $6,000 older 2006 car, and ended up doing $500 of maintenance it felt like every month. Sold it and put $7,000 down on a $19,000 Mazda from 2020. Reasonable payment and most important it’s reliable and safe to get to work in so I can keep making money and invest more

[@antwantalbert1507]

6k for a 06 car is crazy

[@wallaceluna6241]

@@antwantalbert1507I just sold my 97 Cummins that needed new injectors. A new steering gearbox and a transmission tune. All maintenance would cost around 1.5-2k. For $3300 cash.

[@garygreen7104]

​@@Steste561I would not advise anyone to buy a vehicle for 8k and pay for it in cash at that 😅 That's crazy work 🙄

[@CainODougherty]

I didn't want to have to finance a vehicle but I did need a heavy duty pickup truck for the farm. I did finance the cheapest most reliable truck I can find. My payments are $300 a month. But I'm paying it off as quickly as possible 😊

[@trustmebrobro]

If it's making you money, it's not a liability. This guy wrong.

[@laundrygoddess4]

​@@trustmebrobroyou don't know what a liability is surely...

[@jayray1495]

@@trustmebrobro no you just don’t wanna get the bigger picture !

[@dwightrenfield2241]

@trustmebrobro - Cool, so where is your money management channel where everyone can see the “truth?”

[@trustmebrobro]

@@jayray1495 why dont you enlighten us.

[@IgnatiusOmenai]

There is always the danger of going to the extreme when trying to get out of debt. Don't sacrifice your health at the expense of building wealth. Chill, take a break and watch some Netflix without feeling guilty. You only have one life; use it wisely.

[@IsaiahMiguel]

Buy that car cash Average car price $35k Average pay entering the workforce $30k Oh great so I’ll just walk 15 miles to work in the 110 degree Texas heat, never spend any money, take no days off, and then buy a car cash!!!! Thank you sir for this advice, I can’t believe I didn’t think of that before!!!

[@marcusj3824]

I think he said to buy a cheaper used car cash... lol

[@yaze3316]

yeah he repeats it over and over, buy within your means and stop buying outside of it. a $5000 car should be a decent enough vehicle to last a couple years. and lets say you put $2500 into this vehicle. that should cover oil changes, tires, brakes, belts, filters, plugs (likely more if you pay a mechanic). this type of maintenance could easily extend the life of your vehicle for another year if not more. thats 3 years and youve spent roughly $7500-8000 on this vehicle. currently, the avg. monthly car payment is $737 new, and $520 used.... thats $26500 new, and $18700 used, spent on car payments in 3 years...

[@ramanofficials]

Waheguru Bless you brother …. Such a precious knowledge you giving to everyone

[@triplemasterpiece5765]

Great video but the only thing I disagree with is the credit scores. A credit score is a 3 digit number that tells alot about your behavior with money. I higher score translates (most of the time) to being more conservative with your spending because you will do everything you can to protect that score and when you do purchase something major like a car you have the best financing terms. Those with subprime credit are more reckless about going into debt because they don't care and have a yolo mindset

[@KristalSteinberg]

Great video. I am ballsdeep for XAI130G and love your review for that as well

[@JV-ir3zw]

Love ❤️ my random guy Jaspreet

[@Lekwuwas]

Thank you @minoritymindset You're a life saver.

[@DEEZEEMTB]

Jaspreet is the man. He deserves way more subscribers 👍

[@Drone-h2i]

small hot chocolate at cofee shop=4 bucks vs hot chocolate at home with real cocoa, organic sugar, milk, and cinnamon- under 50 cents

[@ryanscanlon2151]

I'm not sure if you've done a video on this before but what are your thoughts on credit assistance programs like take charge America or other debt crisis programs? And how do they function on the back end, like how do they make their money

[@clydereid2976]

Makes sense to me.

[@darrcellemcginnis7504]

Eating out! Too lazy to COOK AND lack of preparation. Also, I overspend when I go grocery shopping, buying items I will not put in the time to prepare . I throw out a lot of food.

[@paulbrungardt9823]

I was raised lower middle class without much luxury. I listened to people I worked for when I was in High School. I learned that while the poor spent every penny they made, the more affluent put some aside to foster their net worth. The wealthy took reasonable risk to increase their net worth. Do Well, Then Do Food.

[@paulbrungardt9823]

TYPO -- Do Well, Then Do Good.

[@Artimas333]

I was not happy to buy a new car and I hate the payment being 432 a month but, I could not find a reliable used car for under 20 and had no vehicle. I think the problem is that people do not see cars at what they are a tool and tools break and need repair and maintenance. It boggles the mind $1000+ a month car payments

[@Starship007]

So many want the big bag of candy now. versus a house full of candy 10 years down the road. Delayed gratification versus instant gratification. Credit should only be used for buying homes or possibly a car. Everything else should be cash.

[@TheMineA7]

Damn, good video. Reminds me to stay grounded

[@mhaas281]

My VW golf has been paid off for 3 years. Nice not having the payment.

[@arielvega6344]

I Love you bro. Iphone watch "I see you"' tore my sides. 😂

[@ocanada1]

Helpful financial education. Thanks!

[@jobellecollie7139]

On my home, I bought over half LESS than what the bank said I could afford!

[@rmv2332]

I think a vehicle with proper maintenance is considered an investment because if you go purchase another used car the possibility of being a lemon are quite high.

[@blackout2000]

I use my credit score as a strategy in this game. It only put you in debt with someone you’re borrowing from but if you know how to use it properly it can work out to your advantage mostly the ones who don’t have higher paying jobs like most.

[@plamenavramov7568]

Jaspreet a question to you. if you can afford luxury car with price between 60,000 and up my guesses are you own a business then why not lease the car and every 2-3 years getting a new car depends on your lease contract at the same time getting huge tax relief on your spendings ?

[@dmitryd3605]

Why would I buy a car for cash? I get 0-2% APR car loan, and my cash is invested yielding 9-12% annually. Good content overall, but that advice was not thought through.

[@MCJSA]

Not for everyone - well, maybe for a lot of people, is unforseen education expenses. I have five kids and I planned for education costs but it was never a priority - I did not know how much it would cost and did not put enough away. Then, the costs seemed endless - tuition, fees, accommodation, transportation, food... on and on - and x5! I did not have enough and had to borrow, and that debt was not planned. You need money, a lot of money, fast. So, I'd say plan for this and be real about it. You need at least a ten year head start so if your kid is seven or eight and you still have not started saving for college - you are already behind.

[@JeffinTD]

Not having a car payment and splitting that money into paying extra principle on the mortgage, and upping contributions into retirement helped me a lot. Not leapfrogging from house to house every few years I think was also helpful. Get the adequate, starter house paid off, don’t pay real estate commissions and closing costs so often you don’t build equity. Once the mortgage is dead you can save money quickly. Retire with a paid off home and paid off rental.

[@dmitryd3605]

If you have extra money to throw into the house better invest them. With conservative market growth around 9% and home loan 2-3% you’ll be net positive. Of course, nowadays home loan rates are higher, but they are still less than market ROI and they tend to go down. Refinancing 30 years mortgage during the first 3-5 years if you find 0.25% better rate makes financial sense.

[@JeffinTD]

@ Yeah, I kinda figure do some of each- knowing that you might be able to do better in the market, but principal you’ve paid off is guaranteed and there is something to be said for the feeling of owning your home outright.

[@Starship007]

Wealthy people have self-confidence with high self-esteem. They don’t need a Rolex or fancy purse to show off. Most don’t even brag what they have most humble. America give you so many opportunities, but most Americans don’t take them.

[@felicitasdornfried1323]

My TV viewing is more like FIVE hours a day. When I was younger my friend told me, my TV is not working. I told him it works you just have to plug it in. Yes I kept my TV unplugged. I have changed.

[@spiderphil]

Lol, nice way of way of describing the FICO score

[@edwarmarougail3898]

What are the best brokerages to invest money?

[@jonathana2079]

An automobile is a depreciating asset. Yes it needs repairs which are an expense to the holder/owner of that vehicle. There’s no liability.

[@silverman5707]

Right lenders can lend a large amount with the same amount of paperwork as a lower price.

[@bmocomedy]

You can buy liabilities with credit and rent that out and let people pay on your items. Finance that car, put it on turo. Make money like the banks. Use your debt as leverage just like the wealthy and banks

[@franklotzer3439]

My biggest wealthkiller in the last year for me was a wrong partner. We split up not only because of this but during this relationship I payed a fortune ...

[@Starship007]

So many refused to downsize after years of super sizing with easy credit. They are gonna go down with the ship versus jumping ship and grabbing a life preserver now.

[@zippo32123]

when he started doing his get rich quick parody it cut to an add guess what they were advertising...

[@aidahiser5154]

I had a car payment, but it was 0 %!!!! I let my money ride.....never buy new!!!! I plan on my car lasting me at least 200K

[@viancamarb]

XAI91Z and ETH holders, the moon is closer than we think. This feels like something huge brewing.

[@sherwinwood5430]

I have a struggled with every one of these wealth killers. Im 65 years old. I’ve been bankrupt twice. I live on social security and a small pension. I’m financially ok but just barely. My parents didn’t know the things your teaching so they couldn’t teach them to me. The public education system didn’t teach me things either. Not being wealthy doesn’t bother me nearly as much as looking back and realizing how ignorance and a poor mindset cheated me out of prosperity.

[@FiratSezgi]

Thanks for XAI43E And AERO

[@TuTataElDaddy]

Houses don’t last forever Jas especially with hurricanes. But other than that great video.

[@renogunzddragon1900]

No one tells you to live where hurricanes happen..lmao get a brain please

[@MidwestComet]

Welp. Thanks for talking some sense into me when I need a new car right now 😂 good liability breakdown ✅ I can definitely save that $800/mo for this new chapter 🤙🏽

[@sarahuber8567]

You need a good credit score to buy a house at a low enough interest rate. The manual underwriting isn’t available for everyone.

[@luisperalta5440]

Strongly agreed with killer # 7, but let's not forget the 4Bs killer (Booze, Bets, Babes, Bad influence). Combined, they will save headaches and a ton of $$$.

[@insomnia_6220]

The standard car warranty is 3 years or 36,000 miles. But people finance their future happyness way beyond that warrenty in vehicle functionality. Then wonder why they have this life sucking leach on their back.

[@anthonyhazelle]

Holding XAI91Z with ADA is like waiting for fireworks to go off. Huge potential here.

[@HulkCyborg7]

Can I return my lease

[@hemlatakhamparia424]

it's really crazy how nobody is talking about the book the cosmic wealth frequencies on borlest

[@DNOAlbert]

Wealth is the goal.