If You're 40 Years Old & BROKE, Do These 3 Things ASAP! | Jaspreet Singh

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"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh AKA The Minority Mindset
#MinorityMindset #JaspreetSingh
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Video host: Jaspreet Singh
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DISCLAIMER CONT'D: I'm just a random guy on KZbin so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[@MinorityMindset]

Join Market Briefs, my FREE newsletter for investors, here: briefs.co/market/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!

[@carlpersad]

👌

[@ThomasAndersonbsf]

***NOTE: I know this is long but hopefully it is worth the read. :) best way to explain the thinking effecting your outcome is that if you think a certain way, you will prepare for that eventuality you expect and miss out on or have what you need to take advantage of opportunities when they occur, as well as your perception can be muted to possibilities because you solidly think "no way" so you hesitate and miss out, while if you have a positive view of things you could also jump when there is not a solid opportunity and waste resources so when one does happen you are now lacking in the means to take advantage of one, also someone gives up a lot sooner if they have a dire view of things, while those who have a positive but also CRITICAL view to use the info available to make a smart decision, they will also be more likely to pivot and keep pushing through to that success. One example I remember ages ago seeing was that of a self targeting missile, in that it is always off target till it hits the target. It hits it's target by constantly ADJUSTING its trajectory, from OFF target to ON target, till it gets to the target. This is more effective than a missile that doesn't adjust, because the environment (like even a little gust of wind) will cause a perfectly aimed shot to miss, but the seeking missile can see it is being blown off course, say by wind, and adjust on the way. That is how a successful person is, constantly adjusting their course until successfully hitting their goals.

[@sweet_surrender]

Dear Jaspreet Singh ,can you also Guide Indians with similar content?

[@JaceMfH]

Hey minority! @0:32 you said nobody can change time. None of us can start investing when we are 19, 20, 25. I’m 19 years old and I’ve been starting to watch your videos. Are there any videos you suggest for me a 19 year old wanting to start investing in 2023?

[@joshuamonmia1387]

Hi Jaspreet. Which company do you think has the best Mutual funds?

[@Mattius08]

I look broke and I spend like I'm broke and I hit millionaire status this year and I'm in my 30s. Stop following trends, impressing people, comparing yourself to others and only focus on you. Pay yourself first before anyone else even if it's 50 cents

[@toddmaek5436]

congrats

[@jenkinssoto4283]

Thanks you 🙏🙏🙏🙏

[@dioniciarodriguez-rs9zc]

Amazing!! Congrats!

[@andrewbrooks2001]

Awesome!

[@freedomforever1962]

🎉 At Last 👏👏👏 Someone who Gets It! 👍🏼💗🙏🏼

[@ProjectFrugal]

I was a late starter at 44 and a half. In the past 9 years I've managed to pay off $173k of debt, now out of debt and have $250k of investments. Should have about $750k invested for dividend income in the next 6 to 7 years.

[@luja6256]

Wow how did you do it

[@ProjectFrugal]

@@luja6256 Made a budget, cut some expenses or got better deals (power, internet, insurance etc ...) then attacked the debt with everything leaving the mortgage until last. Once that was paid off then it was put all the money left over into investments i.e. over and above the old mortgage payments. We'll be doing that still for the foreseeable future.

[@RunIntoMyKnife]

Do you mind if I ask what field you work in? It seems like you make quite a lot of money to achieve all of these things. No judgement is just makes me wonder what field you are in and maybe my 9-5 factory job won't cut it

[@ProjectFrugal]

@@RunIntoMyKnife I'm in I.T. on a medium salary band. I did have to study at the age of 30 however for a career change but in hindsight I guess you could say it paid off down the track. We're on an average household income (btw this is NZD not USD).

[@atlrr8366]

Thank you...I am 56 and broke..... just started to build up my finances....You give me hope and confidence....

[@Moriningland]

Remember, the best time to plant a tree was 20 years ago but the second best time is today

[@Viking_Media]

I'm 22, and I have 24k invested, but I'm broke on the outside world but rich for my age on paper. Thanks to you, jaspreet😊😊😊

[@ISHANSINGH77]

Where have u invested your $24k? Rs.24k ?

[@fades0547]

Way more than I had at that time bro keep up the hustle 😅 I pray for your success

[@Viking_Media]

@@fades0547 thnx brotha respect the hustle ima construction worker I make 24/hr I live with family if I didn't idk ifi could save as much

[@ty194]

​@@Viking_MediaTake advantage of living with family as much as you can for as long as you can stand it. I would start investing in rental properties as well, maybe wait for prices to dip first, but you should be able to build deposits quickly while living where you are. You probably already know this, but don't use your job income to buy things, use your returns from investments to buy things. If your returns aren't enough, you need to invest more.

[@masg25]

28, turning 29 this year. Broke but DEBT FREE 😊 im proud of my small start

[@whiterex06]

40th birthday coming up. Not broke, but not wealthy yet.

[@carloscardona9255]

I'm 32. So far I have 24k in my 401k and 10k in my brokerage account. I have 200k in equity in my house that I bought 6 yeaes ago.3% interest rate. I'm really excited to see where I will be in my 40's. I just started investing in 2020 so I'm really hoping to bump my brokerage account up these next 7 years to see where I can get.

[@janefromthecountry1820]

Get laser focused. Increase your investments. You still have time. This guy can definitely help you! 💪🏼

[@dertigner]

Mine is coming in a week. I'm freaking out how far off from where I been working hard to get wealth.

[@TonyMoze]

Same here brother I started learning at 30 then finally the KZbin algorithms hit me, then I started saving and investing at 33. I am still alive and I know I have many years left. So thankful I’m doing it now. Remember, 40s, we are just getting started 🔥

[@TonyMoze]

@@dertignerfar off? That a good thing?

[@RommanysWorld]

Thank you Jaspreet for teaching us financial lessons that our parents didn’t. 🤗

[@junboo8730]

They didn’t either. Don’t blame them. Blame yourself.

[@eileenwatt8283]

You adults should stop blaming your parents for not teaching you financial lessons. They can't teach you what they don't know. Did they teach you how to have sex? No right but you all know how to do that. There are just some things grown adults need to self taught and financial literacy is one of those things. Stop shaming parents.

[@eileenwatt8283]

​@@junboo8730 so true. These grown adults blaming their parents as if the parents knew about financial literacy. Their parents didn't teach them how to have sex either but they sure know that on their own. I don't see them complaining about that one.

[@saraehelder]

That's how your teachers didn't teache you...because they want us slaves... I always say in school they could teach us finacial but they're not interested in that, tbey want us to spend money

[@alea8612]

I’m broke after s divorce and abusive Mexican; at age 47, not house, not assets and not emergency funds! But, never late to start over and be financial educated to do better!

[@JuliusTurner-hm6ff]

You lost me when you felt the need to bring up the person's race. What was the point?

[@TheLegend-uq1gz]

What has the nationality of the person has to do with the abuse?

[@tfl4963]

Amen 🙏 to you. In my early 50s and would wish to be secure both Spiritually and financially as well. Wish I got this advise prior in my mid 20s onwards. We were conditioned to work for someone straight from college.

[@sitns23]

If you had donated less to build the wall, you may have saved your money.

[@andrebrown4669]

I'm pushing 60 it's too late for me.😒 What?!! It's NOT too late. Good 😊

[@MultipleCareers]

It's definitely never too late to start a new career! Most people took 3-5 years (studying, getting their first entry-level job) to get into a new career and start getting good at something. That means that whether you're 30, 40, or 50, you can start a new career in the same amount of time, or even less, considering that you have so much life experience. If you could achieve great things in the past (getting the job you want, promoted, etc.), what's stopping you from doing the same now?

[@PurpleSoulMKE]

Thank for this👍🏽.

[@fabricerwakabishya4396]

Wisdom on display!

[@joannesmith8840]

Energy.

[@Afrocanuk]

@MultipleCareers - Its NOT that easy. What if the person have savings, but its just a fraction of their debt? What will be the cost of this new career? Or they are paying child support; the list goes on.

[@jakerracharles3383]

Thank you 😊

[@JordanJesse857]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[@MarthaMadison-]

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

[@AliceJudy062]

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

[@LucyAkira371]

Trading under the guidance of an expert is the best strategy for beginners.

[@CherylJacqueline]

​@@LucyAkira371Please who is the expert guiding you? I have lost so much as a beginner investing into stock without a proper guidance of an expert.

[@LucyAkira371]

​@@CherylJacquelineMrs Karen L Nancy

[@eyekneed2sleep645]

I’m not even 40 and felt this message to my core.

[@wilsonanna4951]

The greater the passive income you can build, the freer you will become. Taking the first step is the hardest, but 6 houses later living off passive income. You’ve got to start taking steps to achieve your goal.

[@toddmaek5436]

how much income do those 6 houses generate??

[@JohnSmith-fo4rg]

​@@toddmaek5436that is his business. You can figure it out for yourself if you make the right calculations.

[@GViramontes]

How do you know where to start. I want to be able to invest in passive income

[@mercez7625]

My day will not be complete without watching your video. I learned so much from you. I can say I'm on the very first step of working to financial freedom.

[@barbaraperry2796]

That was excellent, thank you. I am 57 and have just starting invested. I got a second part time job and and investing every check into vti, vxus and a couple other etfs. Loving it ❤

[@WackyCookies]

Yes! Good luck!

[@rosellarosetyson869]

Hello, I have no idea on how to start investing. I want to start investing in ETF's. Can you help me on where to start? Thank you

[@LuHerrera-j4g]

Me too. How can I invest and where in Philippines shall I find etfs

[@sammyavel]

Awesome 👍🏽

[@lonhofman7919]

@@LuHerrera-j4g MABUHAY

[@trusno7751]

You are definitely giving up the game right now, & I'm all here for it! Continue to motivate, inspire & dropping these jewels on us! 💯

[@lonhofman7919]

Brand new sub here. I must say that not only is this video educational, but entertaining. This video has incredible value. I appreciate your honesty about going step by step on how to start and build financial freedom. Thank you

[@eugene1059]

And thats the number one thing i changed that really made a big over all difference. Pay myself first then do bills, over time it also honed my spending habits even more. Because i wanted a litter more walking around money. I had to polish my spending habits even better.

[@Nicolby]

I just turned 40 in August. I am starting from zero. I'm doing everything advised in this video.

[@DrRussell]

Was just about to fool myself in to buying more camera gear and realised I’m lying to myself. Thank you for saving me thousands.

[@wasukupr6169]

But. If that gear is part of you getting more income then you should buy it…

[@DrRussell]

@@wasukupr6169 exactly. So right now I’m looking at exactly what ROI I will get before spending a penny

[@alexg8460]

If it adds then do it and if it takes away from your goal don’t.

[@sergiobfbarbosa]

The best time is allways yesterday, the second best time is today

[@MaryHaberski]

Jaspreet. I so appreciate your approach and delivery. Thank you for breaking things down in a such a great way. I have committed myself to financial education videos 3x a week, I always think that I’m going to be triggered or disinterested/board (a reason I never used to want to take time to watch finance videos) instead I always leave your videos with insights, belief I will be able to do this and ah-has. Thank you for your content!

[@richhands5269]

My three favorite channels: Minority Mindset, Stock Brotha, & J Bravo. Make my week complete!

[@JS-bn4vx]

Stock brotha is trash

[@Giverabarber]

Jaspreet I’m truly thankful for all the information you provide. Keep doing the good work.

[@emzywillrich7243]

Being comfortable and debt-free is a better goal than being wealthy because so few people achieve it...and certainly not in this financial climate.

[@mslaureano6230]

I'm 41 and trying my hardest 😭

[@vibinwiththeguzmans5828]

You’ve got this ❤

[@mlu18]

Keep going ! The roads will meet up for success.

[@gatheringsunshine1219]

Turning 36 in July, thank you for the invaluable info!!

[@user-tz6lm6ji7e]

30s July

[@olgak.r8509]

I enjoy listening to his financial advices. It’s like listening to your big brother trying to beat some sense into you .

[@mameafrane1725]

The single most important video I have watched on KZbin with FREE real applicable tactics on how to actually build wealth. Wow. I can’t believe this is free info. You r kind my friend. Thank you for sharing. These are GEMS you are dropping.

[@Zorg1776]

I second that

[@leogigliotti8157]

Mostly already kinda knew this, But I really needed to hear it. Thank you very much!!!

[@billestep6804]

I like that invest first instead of paying yourself first

[@Cappy4929]

Hi Jaspreet, I have been researching and gaining knowledge by watching so many kind people like yourself, and now I have added your channel to my watch list. Thank you.

[@alcubierre-drive]

Dude you are amazing! Your attitude, work ethic, and drive to keep going is spectacular

[@jlerrick]

Divorce, child support, etc wiped me out.. working to restart at 43! Such needed info..

[@albertovasquez8411]

I just discovered your videos. Thank you for being so real. 🙏🏽

[@ywhite31]

Can I do it at 60 years old, and broke

[@hesterpanim8677]

epic wisdom about lifestyle and blaming @ 19:45-19:60. Golden!

[@guvviyulg4821]

Mid 50's here, any help for me??

[@debiesubaugher]

Same

[@malinoisnation9392]

People in there 50s will live to 100. I think u have enough time.

[@malinoisnation9392]

Exercise.

[@violetlee4994]

Jaspreet, you are awesome. Any of your videos are perfect and informative. You've a good heart. May you have many good returns coming your way

[@jujubee90275]

Pls put video about 50s

[@lisahart5682]

You are spouting some major knowledge here! Thanks so much

[@reproverebukeexhortevangel2131]

What's LuLu Lemon? I don't even pay attention to any fads or designer stuff. I grew up wealthy and wore all the top designers. It didn't make me happy. I'm happy now that I don't care about that frivolous stuff.

[@RatherB_Alien]

The teacher everyone needs!

[@LibertyOrGTHO]

Main lesson here: Go out and meet new people as often as possible because networking is the way you ACTUALLY become wealthy. Not on facebook, but face to face. Im a loner. i hate meeting people and im poor.

[@REENAKAUR-OFFICIAL]

Thank you so much! I can definitely relate 😊

[@wilsonowuor6292]

I love it.. incredible information. Learning from Kenya

[@kennethreedy5258]

I just found your channel. Very informative. Thank you.

[@nokwandashazi2324]

I like the part where you said wealth is created through assets not savings

[@Nana-bt4th]

Where to invest the money?

[@AyoDojgh]

Absolutely love your videos man. You've completely changed my mindset and my life! Do you have speaking events of any sort? If so would love to attend one!

[@williamhamblin4739]

Thanks for the information

[@Flintryan82]

Your my Online Coach!! 🎉

[@vidyaanantha6328]

When i buy a etf, what happens to dividends, bonus, splits and like?

[@cheesypickle121]

This is much much more than THINGS

[@stephanieabdul8860]

Enjoyed your videos. Great advise. Thank you.

[@andrewbrooks2001]

Thank you for the knowledge and inspiration

[@TheVio888]

As an older woman (above 40) not based in the USA, this video depresses me because I am broke and unable to breakthrough financially.

[@gina468]

You are really the best in You Tube. Your videos are priceless.

[@alea8612]

One good thing that I’m doing is investing in education. Finally graduate next month with BA in Sociology then go to Law School. But at age 47 alone with a lot of responsibilities and two kids things is a little bit more challenging! Also, I learn to have a short goals to set a better life! The big challenge is learn how to not be poor! Nobody at school teach you how to survive but with your amazing videos we learn how to make the best decisions to have a better life!

[@halfwaykim7457]

This is the best advice. Subscribed and like this one. Thank you

[@cleanwithmimi]

Very very good listen! Thank you for sharing this with us!

[@annastclair2104]

Prosperity mindset👍

[@alea8612]

Blessing to find you!

[@louisedost8476]

NAMASTE 🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾Mohela student loans are 50 percent principle and 50 percent loan repayment. Students are screwed. Students WATCH OUT‼️‼️

[@elementalAlma]

I’d like you to do a show on Dolly Parton. She’s a true financial inspiration. So hard working and so giving. So sincere and genuine.

[@Gwillis7]

Yes

[@WeBeatMedicare6969]

Missed the 30 year old one, watched this 40 year old one, and will wait for the 50 year old one which is my neck of the woods…get to it

[@smileyx11]

Why do you say it's FREE, then at the end, it's asking for 37$. Bro, i dont even know why you play these mind games. You're very intelligent

[@micahhight]

Hey I appreciate what you do. It's a great channel that is desperately needed, imo. I wish I would've found it sooner.

[@melanielupupa8063]

Me too

[@williampaul8556]

I so wish that I could have taught this to my daughter!! These are the financial FACTS OF LIFE! Life happens! You are RIGHT! I did learn the Credit card FACTS of life. Save up and barrow from yourself if you must.

[@moonwalker8490]

Great video brother…❤

[@chaunteseturner7818]

Thank you for this video. I hope it reaches people far and wide. You are my husband and I favorite "random guy on KZbin" 😂. Keep hustling 💪! Seriously though, thank you for all help and information you give! You have helped us transform our mindset 😊.

[@mikeram5308]

I Appreciate this Guy !! 👏🙏

[@TheBlessedVision_theblessedway]

What up Jaspreet you be coming thru my truck stop in Cincinnati big ups Brodie

[@JoshG.007]

What is the best investment app??

[@zensailingcapetown3985]

Can I ask what sort of stop loss one should implement for longer term investments such as your etfs that you add funds to regularly?

[@JOLETGO]

You are great!!!

[@cleowilliams1961]

Im doing this! Thank you!!!❤❤❤

[@capucinebichara-jabour1407]

Great advice! Thank you so much for educating us! We need more of this information out there ❤

[@John-wp7kl]

Thank you so much for this

[@edwardbreault3648]

I enjoyed everything you said it makes sense👍

[@ZionMartinez-il2og]

I just subscribed to your channel and I am love it and still learning in my 40’s but… isn’t the bank making money by just having money in the bank… so to me your not really saving money am I right or wrong..😳

[@Lia-Miya949]

You're really helping people out here. Thank you! 💐

[@skmphdez7965]

I feel this is the most honest youtuber I have watched❤

[@beatsoverlord]

I might need the Jordans 🤔

[@tarrenn5241]

Great video and really appreciate your guidance, thank you from the UK.....

[@aysiskyle9458]

I am trying to get into the investment and forex but most of the banks in my country block everything.

[@AvisPope]

Excellent information provided in this video. Thanks 🤑💯💚💲

[@robertklowe]

What's that thing? "the 26th percentile" or something. Basically, if you can reduce your cost of living by $1000 and instead you put that 1000 each year towards your retirement, you end up with 26000 extra when you reach retirement age...or something like that

[@jemzmoodly9360]

brother im a 45 year man from south africa. thank you for your great advice but if you can . can you make videos helping people living outside USA. Appreciate you God Bless

[@jogmas12]

What is the definition of being broke, absolutely no money, some money????? A little money???

[@LawrenceRobertson-vx8wh]

Jas u have very good content

[@therealjoshtodd]

when it comes to paying off high interest debts, what are your thoughts on "debt consolidation" programs? It definitely ruins your credit in the short term, but seems like it can take years and many thousands of dollars off the final bill

[@harleystevenson3819]

The existence of Crypto has brought different revolutions in the world economy, people have made huge profits in the Crypto world and I ask: what is the best way to earn money through cryptocurrency trading?

[@dannymoss518]

[@karinayermolayeva5652]

{...}I know of a professional, she is Ms. Matila Arden, she is really good!

[@taylahsuffolk2969]

[@jamesdavidson6802]

☺I am really surprised that many know Matilda. A great coincidence, I made great profit last month by investing with her. It Is incredible.💬

[@susanaduarteraposo]

This is the best video that I’ve ever seen on this subject. Thank you so much! 😊

[@harisbuza8862]

This guy is the best. Sometimes need a serve of tough love ❤️

[@gurjitsingh4268]

Tough love yes

[@biggbear]

Jaspreet, brother, thanks for this video. It finally makes sense.

[@DrRussell]

Just as I needed to be woken up from my stupidity, you publish this video. Thank you Sir.

[@fredrickkoech8396]

Wealth is built through owning assets not having a bigger income.

[@katerequirme6614]

Thank you very much . This video very helpful ❤