How THE SYSTEM Keeps You Poor

[@MinorityMindset]

Thank you for watching! If you enjoyed this video, you should watch - How To Become A Millionaire In 1-Year: kzbin.info/www/bejne/ZpjFd4hvhpdmfbs

[@ThomasAndersonbsf]

HA Oklahoma to the rescue again LOL

[@gregoryking4796]

That almost sounds like a joke

[@ThomasAndersonbsf]

@@gregoryking4796 in some ways it does, like when Mary Fallin-downbridges was running things, wasting money on reflecting pools and new marble work on the gov mansion she was staying in long term, but but but, we don't have the money for the schools so lets cut a day off each week for the poorer districts that don't pay as much tax money or something. Was the first time I actually heard "if you think public school education is expensive wait till you see how expensive stupid is" But the gov being as shit as it is, means it is out of the way in many instances unless you are in a very concentrated city area like Tulsa or OKC or something LOL. rest of the state is mostly free to do as they need since there just is not the government power and people to do anything to stop them from being free. (weather in OK sucks ass, often times in summer hotter than it is in the state below Texas LOL, never mind tornadoes and ice storms in the winter, that knock out enough power areas that it takes a month to get it fixed. ect ect LOL but there are worse states for sure, far as I know last time something really bad happened it was the OKC bombing incident, though I don't watch news about OK so, who knows)

[@desertlilly]

5zy5Y5

[@desertlilly]

Y5y5

[@TheEcono]

As an already retired person on a limited budget I make use of personal solar with lithium batteries, vegan ( meat is expensive ) , prepping skills, diy maintenance, an e-bike as second vehicle , minimalism, monolithic dome homes are concepts I never dreamed that would matter at age 70 are my new adventure let alone survival .... Not being financially literate when I was younger has come at a cost ... Pay attention here and do better than I did ☯️🙏

[@int64t]

Thank you ser for your humble input. I hope us youngins hear your message 🙌

[@violethaye6987]

i want to do this at 20 if i can, im glad to see this lifestyle is feasible, wishing you well :)

[@nikhilshinde9857]

nice decision

[@TheEcono]

@@MindBodySynergyllc Don't forget lead pipes. Also yes I think domes are cool in the mere fact that they are aerodynamic and would offer more protection in areas that have a lot of high winds and tornadoes, if I were young again I would want to factor that in as well

[@energysurgefitness1738]

Damn you got discipline 💪🏿

[@stevenbingham3061]

I love how Jaspreet breaks down concepts so they are easily understandable and he throws a LOT of good supporting information at a pace that keeps you engaged!! His approach makes it fairly easy for the average person to get a lot out of the material!! He freely shares the most valuable asset he has, his knowledge!! This is what capitalism should be about, which is working to prosper yourself as well as others!!!!

[@swagsoccer690]

This right here

[@AmericanMayan]

RIGHT on 🔥

[@DeborahCaldwell77]

… like Warren Buffet.

[@energysurgefitness1738]

Idk how he talks so fast and legit stays on topic from point to point. Dude has the gift of gab forreal

[@AnhNguyen-hn9vj]

I guess each country have a different economy system. Many people thought that if you invest or put money in your government or country things will get better as the country get more advance in science and technology and wealthier. Unfortunately, in a consumer based economy it is the opposite way. the more money you invest or put money in your government and the country the poorer you become and the more hours you have to work. lol life is very strange in a way when things are looking upside down. lol

[@MichaelWilliams-xs3bj]

I like your advice! My family owns a tire shop and rental homes. We built our tire shop without any advertising at all other than word of mouth. It really makes me angry hearing how other tire dealers/mechanic shops selling customers thing they don't need. A few months ago a woman came to our shop. We were told to check her rear brakes on her Honda accord because the Honda dealership told her she had to have new brakes and rotors. I was shocked when I pulled the wheels off and she had 85% brake pads left. We treat our customers vehicles like they belong to us. We have been in business over 21 years and stay covered up. Honesty goes a very long way to financial sucess!!

[@channi58]

People value honesty in business.

[@The-Great-Brindian]

God bless people like you and your family where ever they maybe on our planet.

[@SnowyCountryChicken]

I had a dentist who recommended procedures that weren’t needed, like a $1,895 crown back in 2007. I ended up going to a dental school professor and she said I didn’t need a crown. From then on, I saved a ton of money on dental bills by going to the dental school.

[@cherylgreen5737]

You are one in a million. My car is not fixed yet not because of money. It's because I can't trust anyone to work on it honestly. 😡🤬

[@cisco4277]

Videos like these make youtube worthwhile

[@DavidCosta85]

there are good videos on youtube.

[@joquelhalyard6024]

Facts cuz i have learned my way into 0 debt.

[@vahagnhovhannessian5249]

Anyone can achieve financial freedom, you just need the right mindset and the right information. For me, it was those things that guided me on my path to financial freedom. The moment I realized that investing in multiple assets beats putting all my money in savings or unnecessary expenses, that's when I began my journey to financial freedom. From my experience, the reason most individuals have unnecessary losses in investments is because they lack proper investment management, that also plays a huge role in successful investments. When I found an investment professional who is well equipped to manage my investments, that's when I started having consistent income and profits from all my investments.

[@melissaarnold2300]

When you get tired of the low or no interest rates on your savings in the banks, that’s when you begin to realize investment is the best way to go.

[@devonthe2nd538]

Of course, investment management is very necessary. A lot of investment tutors usually advise beginners to find an investment manager even before you make your first investment.

[@olliecreations9064]

I’ve been on this investment path for a while now. First, I really don't know where to look for an investment manager. I'm open to working with any excellent recommendations.

[@vahagnhovhannessian5249]

I have worked with some good investment managers, but the best one for me is William Stanley PJ, I found him on Upwork. He has been my investment manager for about 8 months now.

[@vahagnhovhannessian5249]

@@olliecreations9064 I’ll post his number below.

[@WatchfulHunter]

Avoid debt and risk. Avoid pleasure addiction. Learn self discipline, grace, humility, wisdom. Look for ethical, reliable monthly income streams. Decrease your bills by not buying or selling things you don't need. Learn self control, patience, integrity. Avoid financial risk and debt. Save your money. Buy low. Sell high. Fight the stupidity within you. Think before you act. Avoid emotional decisions. Do not listen to people who pressure you to make a decision they want. Take your time. Walk away.

[@ryanbruh752]

The real advice is load up on debt and buy assets debt will come irrelevant with the coming inflation. Loan as much as you can service and buy gold silver real estate. All governments cant service their debt they will inflate it away the governments cannot afford to raise rates. Inflation is their only option.

[@barackthecomposer6642]

@@ryanbruh752 ?????

[@eddiecedillos8417]

@@ryanbruh752 L

[@ryanbruh752]

@@barackthecomposer6642 don't listen to Dave ramsey. Only listen to him if your the type to get a credit card and buy shoes or get car loans. Smart people are loaning st record low rates at trading those loaned fiat worthless money for real assets.

[@ryanbruh752]

@@eddiecedillos8417 listen to the Robert koyosakis and Peter schiffs. Don't listen to mainstream media at all costs

[@lennybrewster4673]

Gold is the money of kings. Silver is the money of gentleman. Debt is the money of slaves. That last one is why most people are poor sadly. Great video sir!

[@Benzo_Yo91]

I read a similar quote in the richest man in Babylon

[@darrenhudock7639]

You are the main MAN!!!!!!! love your work, please never stop.

[@MrSpt67]

Thanks for talking to us like a friend and sharing the facts. Your the only financial teacher that I’ve had access.

[@ultimategeorge9887]

Jaspreet you are very knowledgeable of what you're teaching, you also deliver in a way that the average man could understand. I'm really surprised that you do not have more subscribers though. Keep doing your thing Jaspreet 💪🏾

[@The-Great-Brindian]

He has over a million. Don't corrupt this young impressionable man, you silly man.

[@DeborahCaldwell77]

I think 1.19 million is a formidable number…🧐

[@paulheaney8690]

Hi Jaspreet, firstly I just want to say thank you for educating the financially inexperienced people like myself. You mentioned a quote stating that we are living in a credit based society, that really was a light bulb moment for me, which I'm embarrassed to admit. It also made me realize how the credit reference agencies hold us to ransom. I am 50 years old very soon and my financial eduction is just starting now thanks to you, better late than never huh. I am now a proud money nerd member with Minority Mindset and am enjoying and understanding the literature that I am receiving from you. Please keep up the awesome work, its changing and improving my life and knowledge. Thanks again.

[@indyzimmer3270]

This is the best video I've ever seen! Thank you so much for your time and attention to so many ideas!

[@Natasha-ph7bv]

Thank you you are really a great educator

[@CharmedUnicorn]

Bravo 👏🏽 👏🏽👏🏽👏🏽👏🏽👏🏽 Excellent video Jaspreet! Once again you knocked it out the park!

[@420haxx]

Sad i discovered this channel so late! This guy is fountain of great information, and i can even understand what he is saying. These concepts should be taught in schools.

[@dr.vanhellsing]

Schools are too busy teaching kids about LGBT and CRT. I am sure this information would be considered racist in the current education environment.

[@jorgetorres5319]

Schools will never teach this because government wants you to be poor all your life 🤷🏽‍♂️

[@420haxx]

@@jorgetorres5319 I have to agree unfortunately, there is no incentive for the government to have a majority of the population being financially secure, they need the masses to be struggling so we will work all the poorly paid dead-end jobs and just accept its our lot in life.

[@MRSZ5440]

Another good information book that should be in schools is The MONEY DECEPTION by Thomas Herold

[@theandersons777]

Teach your children and grandchildren so they can be comfortable.

[@DexterpresOU]

The information in this vid is GOLD.

[@salomonabdel-aziz7877]

Jaspreet, I would love to sit next to you and just listen for 5 minutes, you are an amazing human being. The information that you are providing us for FREE in these videos has made me re-think a lot, you are truly an educator. I appreciate you pouring knowledge into us.

[@blissfuldissolution5202]

@Opressa Era Yes, for free. Did you pay to watch the video? No. That is what making the information free for the viewers means.

[@izdatsweets]

@Opressa Era You sound hurt. Go heal.

[@salomonabdel-aziz7877]

@Opressa Era it doesn’t cost me anything to watch him, therefore it is free to ME. Him making money from KZbin and AFFILIATES is his ability, if so could I would love to make a few extra bucks, and I’m happy he gets profit out of these videos (Do you have an idea how much work is to edit videos? Get information, reliable sources, and the will to do it at least three times a week?). As far as I know I don’t pay a dime to watch his videos and they have helped me tremendously, I listen to them every morning drinking my coffee. If you don’t like it my man, there are many other content creators out there for you. I’m only accountable for my actions, and not yours. Be kind to each other, it’s FREE. Blessings habibti.

[@jameshaggard6074]

He is providing value by creating a service people need so he is rewarded that is a path to wealth good for him instead of hatred you should ask yourself how can I add value to the market

[@jgcamaross1811]

The information Jaspreet provides for free would cost you hundreds if not thousands elsewhere!

[@DG-cn9qt]

You probably have a video on pension funds and 401Ks. I’ll look into that. But times are changing and so are pension funds/401Ks. Pensions are “managed” for the individual. And 401Ks are usually limited to stock mutual funds and bonds. Both pensions and 401Ks are very risky investments these days. I don’t want to lose most of my pension and 401K to a stock market crash or negative bond market rates that may not recover in my lifetime. Do you have any advice?

[@pjabrony8280]

Bank with a credit union. The savings rates are just as bad but you see returns in the form of lower loan rates.

[@jv8studios]

Your videos have been helping become financially savvy for years ! I’m still on the journey and im enjoying the process!

[@SliceXShadow]

When you learn more about finance from a (Cool) guy on KZbin than you ever did in School. I can tell this took a lot of work, much appreciated.

[@UnconventionalMoney]

Yes Schools not teaching us

[@annar3068]

Truth! My economics professor cared more about the news. He played the news a lot and taught us little.... I think he was in the wrong profession.

[@acxezknightnite1377]

You are a rock star. I could listen to you all day. Thank you. Even though I’m from the UK, it’s such relevant information.

[@deborahs6895]

Your family went through so much to get you to where you are today. Good for you and God bless the family! Excellent information.

[@nickdoyle-achievefinancial2464]

For many people, I think it's just a lack of basic financial literacy, giving in to instant gratification, and falling into the consumer trap / seeking status. The good news is, you can change all of these. The bad news, it's not always easy.

[@primetime6629]

I am thankful for this channel. I have a better understanding of how the system works. I can afford extra "guac".😀

[@Wordpresstutsbysabelo]

Thank you for the financial education... Jaspreet is a great teacher. You can easly watch an Hour content from him and it feels like 5 minutes

[@The-Great-Brindian]

Subscribed. Hello from Southall, West London. Certified gold material this video.

[@spectremanLIVE1]

Bro! The financial education that you're offering up is AWESOME and greatly appreciated but, I wanna know where you're getting those SHIRTS!😅

[@slnerd3709]

From panjab India 😁😁

[@ted2084]

@Gene Edmunds okay racist! Relax!

[@jonheredia8789]

Well said Jaspreet... thanks for the education.

[@Fredman5551]

The "what creates prosperity" question is fantastic. Its the proper way of looking at the world.

[@mbugard]

This is the only investing channel which explains in lucid detail how not being bombed is a big stroke of financial luck. This is also the only channel which explains my motivations for investing: not because it is right or good, but because it's the system in which we exist. My only contribution to a presidential campaign ever was to Bernie Sanders, but here I am selling in-the-money puts hoping to acquire more energy and shipping stocks so this prole can pay his heating bills with dividends and call premiums.

[@kengizell673]

Jaspeet I just love the education you give.. thank you Soo much. 👍🏾

[@81aherna]

God bless my brother. Thank you!!

[@stephanc2359]

You guys works hard to breakdown information for the masses. I give you my ten fingers up

[@DG-cn9qt]

Thank you for providing a financial education in an easy, understandable way. I am older now, wish I had this information when I was younger. Had a few financial bumps in the road in the past; jobs lost, minimum wage jobs held, unemployment, unexpected expenses. But I’m certain if I knew how to navigate through these times better, I would be better off now. Not complaining. I am blessed to be doing alright financially. However, I know I could have done better. Now, I need to be careful not to fall into the increasing personal debt rabbit hole. I am slowly crawling out. I am retired and I am concerned that inflation will continually eat into my pension. I am currently looking into working an IT remote job so I can get myself completely out of debt and build a better cushion of real financial assets. I hope you will speak about employment opportunities for seniors and what seniors can do to make sure they do not outlive their retirement funds. I believe that even if a person retired today, it would not take long for that person to realize that earning an income may still be necessary even after retirement.

[@asactown9919]

Do you have a broadcast? I like to listen while I’m at work

[@Sirfatandblack]

Meanwhile in public schools they're teaching the periodic table and how many apples Sally has if she started with 5 and ate 3

[@devilsadvocate7389]

That’s fundamentals of mathematics. Some of those who actually care will one day take us to Mars, and those before us literally built everything including that device in your hand.

[@zebraface6564]

Schools are going off the rails. The one near me is being sued because they started segregating students by race and gender, and they cut back on reading and math. People have no clue how bad the quality of education has gotten.

[@Music-ge8gk]

This disdain for Science and Math is not congruent with US position/aspiration as a technology/innovation leader. Making money is important, but if everyone is just focusing on financial aspects, who makes what we need to buy with the money? Who keeps finding better technology solutions? Who designs the computer/phone you are using to type this comment? Who designs the displays that are ever better?

[@bhushan326]

This financial education will give income to the right honest people that supposed to be and not the greedy people (i.e. Banks)

[@thebeginninginvestor]

Jaspreet I love you like a long lost brother. Thank you.

[@Fifth3rd]

Subscribed because I love this type of knowledge

[@mbryan3]

Omg you just got yourself a new subscriber.

[@RepuBlicOfChaD]

Automatically having investments deducted from your paycheck so you never see the money is the easiest way to keep yourself on budget. It's easy but, a majority of people won't do it because they're lazy.

[@arthurduncan5342]

Worked managed IRAs are a terrible passive investment 6% gains on average is not a hedge against inflation Understanding the stock market is critical to getting full value of it And nobody cares about your money like you should

[@jenniferleigh1674]

And theyre more interested in what they can have and buy NOW

[@enbuscadelaverdad1824]

Thank you for your videos you really helping people out keep it up big fan

[@cmrncrick]

You speak a lot of truth that many others don't. Thank you for all the informative content.

[@kenwilliams6114]

This information is priceless and this guy is giving it to us for free! Thank you young man for giving back!!!!🤩

[@maricetipps]

A wealth of knowledge my friend I share with friends and family to try and change their pre historic thought process keep up the good work

[@mayankdesai2839]

Extraordinarily simple. Thank you U tube and thanks to Jaspreet

[@rockymntain]

Some numbers to consider concerning the value of labor for wage earners and how long it takes to earn money. In 1970 US Federal minimum wage was $1.00 an hour. It took exactly 10,000 hours or 4.8 years working full time to earn $10,000. 2021 US Federal minimum wage is $7.25 an hour. It takes 1379 hours or 2/3s of a year working full time to earn $10,000.

[@schoolofstock.1483]

Yes but a house was only 10,000$ and a car was 2500$. And bread was 10¢. Now what can you buy with 8$hr working 8hrs a day 5 to 6 days a week. You can't even rent your own flat or can barely afford to eat.

[@evo7792]

I'm so thankful of your channel, you opened my eyes, impressive! Thank you again Jaspreet for sharing your wisdom.

[@unclefrank3709]

Yeah I made it through the whole 1:44:26

[@CaseyBurnsInvesting]

Jaspreet needs to have Peter Schiff and Robert Kiyosaki on. The channel is progressively becoming more libertarian and I’m here for it.

[@Prophezora]

I noticed the same!

[@theRichgetRichard]

GOAT 🐐

[@mrlover4310]

Very good idear.

[@mashalsalt3981]

Thank Sir! You are very smart and wise in this field!

[@theshadowless01]

I love your channel and have learned so much from you.

[@BeginningProgrammer]

Thanks for the video. Can you make a video explaining how, contrary to popular belief, the rich do pay their good share of taxes. If not explain why they don't.

[@jimtwisted1984]

It is people’s ignorance that keeps them broke.

[@tanfor510]

You nailed it bro!

[@jermainelee955]

real facts 💯 I'm subscribed. I feel this .

[@dominofive5075]

Sunday morning chilling with Jaspret 👍🏻

[@tameraalvarez6438]

Thanks Jaspreet for your educational videos.

[@tamiecarter]

Thank you, great content.

[@mikeallen7566]

Great videos .. just stumbled across this channel .. subscribed .. What advice would you give to someone who struggles to make ends meet ,that wants to invest and become more wealthy ,but struggles to put any money aside ?

[@Cristobal34]

It’s a very sad reality really. The definition of America is “Taking advantage of People”. I wish I could post pictures of the cost of things here in Hawaii. It’s actually crazy.

[@strange1094]

Whats it like?

[@ashgreen3574]

I heard a gallon of milk could be like 8 bucks

[@ryanday9737]

It's expensive for basic economic reasons. Only way out really is for Hawaii to have its own currency valued higher than others.

[@mymidlifeadventures4248]

It is a ways out but there could be an argument made that as the world transitions to EV’s, this will reduce demand for fossil fuels, hence driving down the cost of non land based transport. In turn, reducing the cost of importing goods to the islands. But there is also the fact that the islands are an in demand place to live. So all facets of life there, will cost more regardless…. And as for milk, it’s not really that great for you anyway, so you just saved yourself $8 and it’s a myth that little girls need to drink milk for stronger bones. It’s not true and never was.

[@mattdaniel543]

Keep up the good work brother

[@CaseyBurnsInvesting]

Don’t fight the Fed. Understand the Fed and ride the wave to wealth. Sound sad to say but it’s either get with it or get lost.

[@Cristobal34]

You are not lying, Brotha!

[@HelloThere-xs8ss]

You look like the type to say that. Sellout. You look like a snitch too

[@xrunner55]

Yup remember buearacrats are not the sharpest tools in the shed. The best buearacrats are the ones who left.

[@Defy_Convention]

I will fall on my sword and let them inflate every dollar I have away before I "invest" in an overvalued market propped up by the Fed, who has no escape plan other than hoping others will buy their assets at a higher price later.

[@ramonlarson6806]

@@Defy_Convention how is it overvalued if they keep printing money? Lol. That's like saying "I'm not buying these groceries at this price, my parents paid 1/4 these prices it's overvalued!!!"

[@thebulgarianguy8461]

If people are financially educated, the current economy will collapse

[@TubeDeviant]

Jaspreet, have you made a video on the Federal Reserve and how it creates the debt that exists..?? I know there are other videos here on KZbin but I think it would tie in really well with all of your other videos. Beginning with how fractional reserve banking came to be and how it was corrupted by greedy bankers. There are great videos by Ron Paul years ago, Mike Maloney, as well as documentaries.. Another fascinating point is with the credit industry and how using a credit card feels different from using cash, and how it doesn't feel as painful as using cash. I remember watching a documentary on that.

[@margaretn6457]

Great information for people like me. Like the way you teach.

[@drumyogi9281]

Thank you for all of your hard work.

[@FinGeek4now]

I wouldn't say that crypto is a hedge against inflation due to its volatility. As an alternative to gold, I would probably suggest a total agriculture ETF or total water ETF. We can obviously see that both food and water become more expensive over time and those stocks should reflect that. It is, in my opinion, also a hedge against the future, as one cannot eat or drink gold to survive.

[@barackthecomposer6642]

Very interesting insights. I will definitely research and follow up. Thank you for sharing.

[@baddworld]

Your beard is phenomenal bro

[@EffectiveMuscle]

42:38 "Temporarily" 🤣 they really had us fooled didnt they?

[@MrNaufan]

you forgot to add chapter 5 - Understand The Banking System (1:13:00) into the video descripton.

[@schoolofstock.1483]

Simple explanation. The Fed loans the bank 100$ the banks are able to loan out 10 times that from thin air for an interest fee and the cycle continues.

[@mintech1000]

Great content. I am proud to be a subscriber

[@nformimunkaila8145]

I think I'm discovering this channel a little bit late, am learning things i was ignorant about

[@DeborahCaldwell77]

Have you ever heard of Ralph Borsodi? (New Hampshire) He taught me about fiat money and now my son knows too. It seems that you really understand!!!!!

[@nadegetoussaint9718]

Thanks, Jaspreet. I cannot find the links that you mentioned will be at the bottom.

[@neelambehl2179]

Jaspreet Ji your videos r full of knowledge.but I find it little fast which makes me miss out so much. I will appreciate if U not go that fast. Thank you .

[@MoralKombato]

You slow or speed the video

[@shannonboyd7370]

Turns out the entire plane ended up being overrun with more than 77 cases (Airbus 320 holds 208 as configured). The plane was placed into a hanger where the lockdown will be conducted. China said the first two passengers that exited the plane were “suspected” to be infected and random testing revealed the next 80 were tested and 47 were found to be at various stages of infection. The Chinese official said the entire plane was then ordered out of service, and all passengers and 3 crew people were quarantined with several showing only minor infection and minimal viral transmission. Several of these were students and under age 14.

[@nickdoesdgi1095]

Hour and 44 mins of pure inspiration.

[@JoeGator23]

Pure education... for those that will listen.

[@UnconventionalMoney]

Yes when you are not financially educated you pay

[@ashgreen3574]

What's finically

[@xinfinity1147]

I think he meant financially

[@UnconventionalMoney]

@@ashgreen3574 I corrected the typo

[@virginiamacrae7088]

Love watching your videos

[@pmulah8596]

This video should have 85 million views !!

[@kevinbarr9933]

"The rich will get richer and the poor get prison" (Reiman). Privatization of prisons builds increase 832% with for profit prisons being built in just a ten year span in USA. It's one of the fastest growing sectors in the USA; for profit prisons. They tried to expand to Canada, but it was shot down fast in a failed attempt (2010), yet still full steam ahead in the USA and looking to branch out to the world. However, Thank you Jaspreet, for educating the masses and saving them and letting all know how the system works itself.

[@thadoc5186]

Why does it matter who runs the prison?

[@kevinbarr9933]

@@thadoc5186 CCA and Wakenhut are trading on the New York Stock exchange running profits, do you see a problem with that? As their shares rise in value lobbyists push to expand their next builds of prisons the highest rate on planet earth!

[@donaldfreeman239]

I invest in prisons

[@barackthecomposer6642]

@@donaldfreeman239 Which ones? Would you mind naming a few stocks?

[@tameraalvarez6438]

@@thadoc5186 question??? Not who runs it, but who owns them? Prisons are a money making scam. More laws, rules, regulations are in place in every city than ever. You can be locked up and charged for violating a city ordinance. The " system" ruins lives. We have more people in jail than any country in the world. Our " Freedoms" are a cover up for what is really going on. We are not free, but the " system" wants us to think we are.

[@73musicmatch]

so what should I do with this cash just sitting on the bank?

[@videostoviews2262]

Enjoying this Jaspreet. Thanks!

[@joshv1814]

What are y’all’s opinion on what Cathie Woods of Ark Investments said? She thinks we will have deflation instead of inflation. She says that technology is deflationary. Some examples would be electric vehicles, robots and AI. These things will make prices of things go down she argues

[@barackthecomposer6642]

How Will these things create deflation?

[@joshv1814]

@@barackthecomposer6642 well with robots you can increase the amount of goods and services with a lower cost so this is creating more stuff for money to buy. Supply increased so prices go down. Also, if you have robots working for you you spend less on employees working for you so you can lower your prices to the consumers. Electric vehicles have the potential to lower the price of oil

[@ryanday9737]

@@joshv1814 But fewer people working have less money to buy the increased volume of goods and services, so demand goes down. Where do workers get their money to create demand? The government?

[@joshv1814]

@@ryanday9737 I do not have all the answers but I think it's great that we are talking about this (which is why I asked the question). My opinion is that people will most likely get a universal basic income from the government one day in the future because another consequence of Robots/AI is they will take people's jobs.

[@ryanday9737]

@@joshv1814 Yes, so,the government gives the money to people for adding no value to the economy beyond consumption. That results in a tailspin of,declining value...and a decline in productivity as the productive see their value decline precipitously. Look how many people refused to,rejoin the workforce because they would,only make $100 more,than unemployment for working all week. The result was businesses unable to deliver goods and services...which resulted in companies seeking those goods,and services elsewhere...likemindia, china, africa. We lost a lot of jobs this year and still are. It doesn't look like it yet because there is still strong demand and it takes time to,resource. But it is happebing. Robots too. Cashiers and order takers will soon be 100% gone replaced,by apps.

[@ryanbruh752]

Haha love how jaspreet slowly redpilled himself untill he knew the truth. He started at the rich dad poor dad book level and has now caught up to real Robert kiyosaki current times level.

[@Trapz4Dayz]

Watching this almost a year later. Everything you said has come true

[@DrMonkey23]

What happens when the bank sells to another bank and then they require you to pay the entire loan within 30 days? Do you use multiple different banks to minimize that risk? And how often does that happen?

[@alexmane8123]

Jaspreet is the Best !!!

[@normbograham3]

your interest rate on your debt, does not change because the Federal Reserve Bank drops interest rates (with the exception of say, some variable rate mortgages). The drop in the interest rate, mostly helps banks, and businesses, whom use lots of credit.

[@channi58]

So get more credit

[@channi58]

@Laurie Hudson don't pay

[@cherylgreen5737]

Oh Boy I wished I'd learned this in my working years to create wealth for my family. I was stuck in the world of looking rich and now have a lot of junk that I don't even use🥺

[@carloslovato8923]

This video is very insightful

[@Mikesorrento3344]

When unfunded liabilities are factored in, EVERY AMERICAN TAXPAYER is on the hook for over $1,000,000 USD. That’s their portion on the National Public Debt. While I was writing this, the baby just born owes $90,000. Understand that this will NEVER be paid. If one understands this, then one must realize how painful reconciliation will be. We are in deep trouble.

[@thadoc5186]

Come take it.

[@Mikesorrento3344]

John Rand @The Doc, that’s the problem. This debt will never be repaid as vast majority don’t have it, nor would they be willing to pay it if they did. I fear we will have socialism/communism soon. If you look at economic history, what rises out of the ashes when economies collapse is Marxist, Fascism, totalitarianism. Whatever you want to call it, it’s not going to be pretty. Hope I’m wrong. I’d love to be wrong.

[@JoeGator23]

@@Mikesorrento3344 War... the cash register of the elites.

[@mymidlifeadventures4248]

Been hearing the same financial doomsayer’s nonsense for a few decades, yet the economy just keeps chugging along… Oh but wait, now your gonna reply to me with, “but that’s when it happens, when everything seems good!” Yep, heard that too. If you think I’m gonna lose sleep over it and miss out on a bull market by investing in stagnant metals or worthless cryptos, I don’t think so.

[@Mikesorrento3344]

@GodisLove, first of all I really like your screen name. As far as the debt goes, I’m not sure you understand what I’m saying. Our Nation’s debt is called The National PUBLIC Debt. You and I owe this. It’s our liability. Our standard of living is in jeopardy.

[@curtisdavis8594]

Facts!!! Shares or Dollars get diluted.. Thanks, Jaspreet!

[@BarakaGitari]

this knowledge is very much appreciated

[@danjohnson3459]

Great channel brother. Thank you.

[@jcastro6650]

Now in July 2022 hindsight, looks like you nailed it.

[@uniteamerica9446]

Thanks man. I love your channel. Great info. Guac is good, avocados taste horrible unless guaced out.

[@w1ntersoldier669]

I plan on investing 30k in the stock market. Should I put half and if the market dips in the next months invest the other half?

[@jemboboyle609]

If I have 30k laying around. Considering I already have my long term investment situated(IRA) and i’m maxing it out, I would invest a third of it of stocks that are doing a split. Another third would go to tech fund sector because they’re aggressive growth and the last $10k would be in real estate during market crash. Highly unlikely that the market would crash this year because never in history where back to back market crash has happened. But hey, it’s 2021. Debts are soaring and many experts are predicting another dip, quite possibly worst than ‘08. Ultimately, have enough money when the crash occur. I wouldn’t let the $30k just sit on no return