Do THIS When You Get Paid | 7 Steps When You Get Paid - Minority Mindset

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Do THIS When You Get Paid | 7 Steps When You Get Paid
0:00 - Video starts
1:15 - Direct deposit your net income
3:23 - Save $2,000 fast
5:30 - Pay down your high interest debt
6:57 - Invest your money
11:40 - Continue saving money
13:05 - How to spend your money
18:36 - Buy your time back
What Is The Minority Mindset?
Minority Mindset was founded to revolutionize the way people think about money and to make financial literacy fun. We do this by sharing videos, articles and resources on how to make, save and invest money. With more than 700,000 subscribers, Minority Mindset is one of the leading financial literacy companies in the world. Go to theminoritymindset.com or visit our KZbin channel / minoritymindset for the latest on how we help people Rethink Rich. #RethinkRich
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This Video: • Do THIS When You Get P...
Channel: / minoritymindset
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
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]

Get my FREE Guide To Generating Passive Income: app.marketinsiders.com/passive-income-guide 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!

[@AmritGrewal31]

i feel like youtube might be allowing these spam accounts to exist to inflate their numbers. Afterall, they are at a level that there's barely any room for anymore growth

[@stevee2639]

.....too late 😥😥😥

[@mochashakur4646]

I knew something wasn't right when I kept getting the same response everytime I comment

[@themostfunniest2459]

Jaspreet! Please make a video on which is more important Money or relations?

[@moreeze4775]

Yeh they messaged me yesterday.

[@Christensen554]

At 42, I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.

[@Novakissla]

I'm in my mid 30’s. Once I get paid, I begin to spend on irrelevant things. I work hard for my money, so I believe I can spend it on what I like. The older I get, the more my perspective shifts. I want to take my finances into consideration and put myself in order before it's too late. How are you doing it, Sir?

[@Christensen554]

Herman Jonas is the brain behind my success. I've gotten into a plethora of assets with $24k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now I sit back, and just reinvest at intervals while I handle my other businesses.

[@Tamboool]

Do not forget that when it comes to the stock market, prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual investors do not influence.

[@Vikturneer]

@@Tamboool I agree but working with Herman has been a game-changer for me. His market insights and trading strategies are consistently spot-on. It’s not just about profits; it’s also about the peace of mind that comes from knowing you’re in capable hands.

[@Vikturneer]

Hermanw jonas (a Gma!L comm Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!

[@travisholder5442]

This should be a taught in High School to everyone. Everyone won't listen but some will.

[@CrzyDucks]

Taught

[@travisholder5442]

Thanks

[@lionheart93]

And college and elementary and ya lol.

[@maximustrolleus9860]

@Nowhere But Everywhere as a pro eduction person, school is the greatest equalizer. Its why so many immigrants are able to become doctors and lawyers when they are dirt poor. They study hard and take school seriously. And it is taught in school, not my fault you dont pay attention. Its called taking classes in accounting, finance, business or economics. And the accounting lobby is a big lobby and thats why these classes are electives and not mandatory.

[@abark]

Or alternatively, you could take responsibility for your own learning and use the device at your fingertips with the entirety of human knowledge available to learn instead of demanding someone else do it.

[@Kaloroki]

I’ve never been taught any of this. This is genius for someone like me who is wasting their money in their early 20s. Easy subscribe.

[@candytiikeri]

They don’t teach important stuff like this in school

[@freddyl777]

There's a twisted reason why schools don't teach this, but I'm so glad this man does!!! 💯😃🙌🏾💰

[@thurshanthyoganathan4671]

this guys make videos everyday...respect the grind.

[@SuperCowboys16]

Which is why I don’t understand why people give it a thumbs down, if the video is not in your interest find another video that interest you. We’re the minority mindset we think different

[@sassyblumpkin5437]

My man's literally says "KEEP HUSTLING!" every video

[@clownanaround7996]

@@SuperCowboys16 thumbs down still helps algo for him doing nothing doesn't help

[@SameerAhmed-wf1bx]

Seriously! Probably one of the most consistent KZbinr’s out there

[@ryanweston9677]

Not just throwing out videos either, but intelligently, well spoken, content-rich, helpful videos! He’s the GOAT of KZbin!

[@relaxingnaturesounds9675]

If you are single you should be saving like crazy because once you have kids and a partner it’s a lot harder. Possible but harder for most.

[@Gasmaskratto]

easier in the sense of rent and bills if shared between two people as single its a lot harder on the paycheck

[@Jursaw]

Aye, I just started using M1 finance! Pretty confusing but I’m watching youtube videos on how to understand it

[@1986tessie]

I have 4 kids and my wife and I save about 600-700 a fortnight. 1200-1400 a month we invest 400-500 a fortnight. 800-1000 a month on gold and silver. We don't put any money on the stock market, I hate gambling and that's all the stock market is in my opinion. Admittedly we have 2 cars which can be expensive sometimes when we need repairs and such but we are also debt free and have no credit cards.

[@relaxingnaturesounds9675]

@@1986tessie wow youre doing great. Love it

[@1986tessie]

@@relaxingnaturesounds9675 we spent a lot of our younger years hitting it pretty hard so now we in our mid 30s trying to play catch up still. But gold and silver; we love it, even now prices are higher then we like to pay and a lot higher than we have payed in past years it still seems like a good play.

[@Benefitwithhannamacko]

I do be grateful and thankful if I saw someone that will make me wealthy in my early age !.

[@ivanparcero]

Don’t you think it will be more ok if you just drop the head line of what you are trying to say ?

[@Selfwealthtoday]

I was wondering what you were trying to say so why not say it please.

[@ivanparcero]

To get a better job?

[@nationwide3568]

Successful people don't become that way overnight, what most people see at a glance wealth, a great career, purpose-is the result of hard work and hustle over time I pray that anyone who reads this will be successful in life.

[@natashabailey7136]

That's why we need to plan ourselves making extras in all we do because depending on paycheck that can give us our comfort and peace till we die is not guaranteed

[@SophiaMichael-ww4qd]

I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

[@SophiaMichael-ww4qd]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi

[@SophiaMichael-ww4qd]

The adviser I'm in touch with is *CAROLINA MELINA PHERSON* she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me she strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@marthdaeglin]

I used to get Subway every work day for lunch. One day I counted everything that went on my sandwich then priced out the exact same sandwich if I made it myself. Turns out I can make 6-7 of the exact same sandwich for the price I was paying Subway for one sandwich. This discovery made a huge impact on my finances.

[@jamesmoore9636]

Walla!!!

[@user-vl8ck4gz6w]

sub of the day costs 3,60 euros here. If I say put EVERRRYTHANG in it. It pays itself 4 times lmao

[@ktcco961]

Once you unlock this level of money management you are well on your way to being home-free.

[@claudinegreer8622]

We did the Dave Ramsey Debt Snowball method and paid off $42k of debt!

[@jenny01317]

I think Dave Ramsay suggested the babysteps first, but Jaspreet is right about increasing the emergency fund to 2000 to adjust for inflation

[@gamejester.]

Debt snowball is stupid. Not mathematically the fastest way to pay off debt.

[@D.H.CE_FL]

@@gamejester., not stupid, just another option. A lot of times and for a lot of people, it's all psychological. Smallest to largest gives them the feeling of quick wins. Stupid is just thinking there's only one way to skin a cat.

[@jsiv0511]

How long did it take you using that method?

[@claudinegreer8622]

@@jsiv0511 2 years

[@stjepanhauser7595]

"From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?

[@mathebulamkhize876]

Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.

[@livingthedream8404]

One year old video is still relevant today, strong work Jas

[@GameMediaOutlet]

This man is dropping gems that should be standard in highschool education

[@user-kz8ik8cg2c]

high schools will never help you

[@rickokyeresinsightseries7169]

The matrix would not allow it in our schools

[@ckelly9747]

Topics like this should be taught in homes and reinforced at school. There is a disconnect between homes and schools so w/o prudent, experienced teachers and parents more emphasis flows to consuming trinkettes, immediate gratification, deviate sexual behavior i.e. reassignmemt hanges, gay studies. Weightier matters are omitted.

[@GimmeSkooma]

​@@ckelly9747 Not everyone has a good home but almost everyone goes to school which is why it should be taught there.

[@yo75z33]

if everyone was rich who would the rich feed off of?

[@carennorthcutt7724]

I work at a thrift store. It is ENTIRELY INSANE how many shoes and clothes still have price tags on the items and were never worn. Not rejects from stores; these were items from someone's closet or unwanted Christmas items. Make a $2,000 liquid savings account. Not $2,000 in last year's designer.

[@margaretrosemakoni7096]

Thank you Sir. This is so clear even for a 74 year old. I invested in property when I retired after almost 40 years of working in the nursing profession. It was wisdom from God. I wish I'd learnt more about what you're now teaching. Thank you.

[@DavidAntony-gq7id]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[@DavidAntony-gq7id]

@@MarcusFred-wn3iv This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.

[@DavidAntony-gq7id]

@@MarcusFred-wn3iv quickly do a web check where you can connect with her, and do your research with her full name mentioned

[@BrunoLuke]

@@MarcusFred-wn3iv Investment is that tiny line that separates the rich from the poor.

[@charlesbrown-]

@@MarcusFred-wn3ivThat is where courage comes in .The market can never be in the rise always,they will always try to wash away weak hands

[@NoBody-xx6ii]

can i

[@KyLesCaster]

All my dad and grandfather ever taught me was that life is hard and you have to work your ass off or else end up homeless. They never invested, always had a fear based mindset on the world, and kept working past 50. I'm trying to crawl my ass out of that and shift to growth mindset and teach my son about money early.

[@Ethannthomas]

Good for you, I wish you the best!

[@floriskooi7163]

inshallah my brother

[@jtreyshorts4262]

Brooo. I met an 80yr old man still tryin to work construction because he said he never bought a house and never invested. He would jus live paycheck to paycheck his whole life

[@trilltrapvids4781]

😂😂

[@mikem2022]

@@jtreyshorts4262 that’s sad

[@Thraka5]

Dude THis NEEDS To be taught In School Starting in Middle school and every year a refresher course. This kind of information needs to be taught and reinforced. I don't know how many times i spent reading poems and learning History only for all that information you slowly forget and have to go back and look up. However financial education you will use everyday when you start working so once taught and reinforced you will continue to use it. I can't even begin to tell you how to do Trig. I have not used it in 15 years. A lot of use i got out of that time spent on that.

[@walking_introvert]

I think it's by design. The lobbyists who control the government would have a cow if people were taught not to be in debt to credit cards, loans, and mindless spending. We are just future dollar signs in our young age to big corporations. It would be interesting to see how curriculum really is decided. I still think an economic system that requires increasing GDP is bound to fail eventually. Imagine if everyone became minimalists, and at some point most will be forced into minimalism with the shrinking of jobs from automation and AI. A new system will replace the old and I'm afraid it will be painful.

[@Roadtobitcion]

They don't want you winning

[@troychampion]

It used to be taught in schools, it was called Home Economics class.... sad thing is liberals took over our school system with their teacher's unions and they push what is to be taught in schools.. they got rid of CIVICS which teaches you how the government works and they got rid of Home Economics. The two most important classes taught in schools to Americans in my opinion. Home ec also taught you how to balance your checkbook and buy and make foods at home that were inexpensive.

[@MaJeSTiCz0]

It won't

[@scuffy1902]

@Rich Seven where can I find this information

[@jeffreycarter1364]

The greater the passive income you can build, the freer you will become. Taking the first step is the hardest, but 7 house later living off passive income since June 6, 2016. You’ve got to start taking steps to achieve your goal.

[@jeffreycarter1364]

All passive income ideas work as long as you put the work in. I focus more on cryptos, NFTs, real estate crowdfunding and IDOs. With the assistance of a financial consultant, I’m doing well for myself.

[@jeffreycarter1364]

You can make a quick internet research with her name *Olivia Charlotte Oswald.* The rest of the information is there for you to read and get in touch.

[@deadnationmaster]

The only issue is when some or all seven of those houses start getting damaged by renters or rising property taxes? Do you use property management company or fix it yourself?

[@flyingturret208thecannon5]

How does a society sustain passive income? I don't think passive income is economically viable.

[@EmrikBjork]

​@@jeffreycarter1364Thanks for this piece of information. I'm glad I'm winning already

[@ThomasWilliam-sw8ms]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

[@ElizabethSarah-cl3sc]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@ThomasWilliam-sw8ms]

@@ElizabethSarah-cl3sc Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

[@ElizabethSarah-cl3sc]

@@ThomasWilliam-sw8ms Please, how do I connect with your financial planner?

[@ThomasWilliam-sw8ms]

@@ElizabethSarah-cl3sc credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up

[@ElizabethSarah-cl3sc]

@@ThomasWilliam-sw8ms Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@shellyfernander6144]

Can’t get them needs and wants mixed up. 2020 taught us all this lesson

[@traceycolvin0504]

Maybe not everyone. I still see people purchasing vehicle's and buying new items.

[@KatrinaVXO]

Just organized my shopping list on Amazon last night I have 2 folders, needs and want. Lol

[@rathelmmc3194]

That’s what people said after 2008. Nothing will change...

[@rp6635]

@@rathelmmc3194 a few people will heed the warning!!

[@LadyIcee]

Best financial advice I have heard. I wish I knew this when I was in my twenties. Now that I'm going to be 31 in a couple of months this is what I'm going to be doing with my paychecks.

[@drkuteesaviola]

True

[@OE1285]

Its never too late essay

[@DAV_B]

I appreciate you for sharing such video with good content here and i will keep following you because you're the best

[@DAV_B]

Do you read as much as possible about potential investments and asks questions about them? If so, maybe you don't need investment advice. However, if you are busy with work, children, or other responsibilities, or if you feel that you are not knowledgeable enough to invest on your own, seek professional investment advice.

[@kk_G2]

Some financial planners and investment advisors offer a comprehensive financial plan that evaluates all aspects of your financial life and develops a detailed strategy to achieve your financial goals.

[@DAV_B]

Remember, there is no such thing as a free lunch. If professional financial advisors work for you, their efforts will pay off. Some of your possibilities are easier to see right away than others. However, in any case, always feel free to ask your investment professional how and how much is paid out. Happy to meet Sherman Williams Trading, an expert I saw at a seminar and my life has changed since then.

[@Bella.Grasso]

I had a huge smile on my face when i saw this comment here. I've made a lot of profits from him since I started investing with him. I am living proof that Sherman Williams Trading is good....

[@sophiahermann]

Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

[@judithmargaret8357]

Successful people don't become that way overnight. What most people see at a wealth, a great career, purpose is the result of hard work. 🤑🤑

[@barbarabetty3733]

Her management team is quite impressive so far.... with my $40,000 deposited I made a profit of over $288,000 US Dollars with just 10% charge.

[@juliussabo6471]

Copy paste 🙄

[@raritybonafide4738]

Where did u deposited? On savings or chequing?​@barbarabetty3733

[@CaseyBurnsInvesting]

When you get paid... 1. Spend it before you get paid 2. Pay the minimum on your credit cards 3. Blame the government and your employer for the fact you’re always broke

[@Ognahx]

I grew up with this mindset because of the examples I had. Thank God I've educated myself.

[@justmyopinion9883]

Casey Burns Investing, for many years that was the way I managed my money. Thankfully, I learned a better way.

[@CaseyBurnsInvesting]

@@justmyopinion9883 Blessings to you my friend.

[@MrTmenzo]

"The system keeps me poor whaa whaa!!"

[@harmanjotsingh4230]

I honestly continue to blame the government no matter what but yeah lol

[@rosschadwick5123]

Common sense explained in simple everyday language, loving your videos, ''needs and wants'' that sums up everything, so much sensationalistic financial information out there, most of it doesn't happen, .... Jaspreet you make total sense in a world where everyone is telling you to do this and that, you don't try and say ''hey i can make you 15% dividend yield'', or promise anything.... just good financial steady advice....... wish i had known this years ago !!!

[@Dustii91]

Your channel has always been so prominent for me, its great to see you going strong after many years my man.

[@whatever41421]

I always suggest having your emergency fund with a separate bank as well- it's not necessary of course but I find personally it helps with impulse control as its slightly harder to get to

[@charletfoster8917]

👍🏿 “Prioritize needs from wants” = Financial stability 🙏🏿🙏🏿🙏🏿🙏🏿

[@wadeadpool4796]

On step 5 I had to press pause. I’ve been doing every . single . thing you’ve mentioned for about a couple years now. I just found your channel today. And without knowledge of him he is 100000% accurate and telling the truth. My credit score is way better a few points away from 700 I’ve paid all my payments on time for 2 years straight!! Please listen if you are in need of financial literacy. Growing up in a minority household has it’s pros and cons this being a major con. We can still make it! ✌🏽…continue video plz

[@cbrumigin4107]

The most practical and helpful financial advice video I've come across to date. Thank God for you sir 🙏

[@audreyandriana1968]

I pray whoever reads this will be successful, keep fighting for success, the rich stay rich by spending like the poor and investing why the poor stay poor be spending like the rich yet not investing, Roar!! Invest, earn and be successful.

[@repliedbajapanesewithhanak6676]

Having a stable investment package keeps you financially stable!

[@admin3427]

@AnonymousBuster Sunshine the stock market is a vast platform to invest in. It's very profitable especially when you've got a trusted professional to assist you

[@wilsonfred7863]

I'm interested in this stock market but I don't know how to come about it . Any advice ??

[@helenegrey2441]

I've got over £100k to invest in cause a lot of my friends are benefiting greatly from stock market and I want to convert my account to millions

[@savannahximena3349]

I strongly believe that investing is key in any man's life

[@jonathonlove9597]

I wish you were my dad. I needed you 15 years ago. Still plenty of time for me though. Going to be financially better from here on out, thanks to you.

[@slimv2010]

You are truly a gem and hilarious 😂 everything you said is definitely true, I've done that plenty of times where I was buying a scrub set that I don't need, then the cashier has a nasty attitude and in my head I'm like nah I don't need this and I say you know what I'm ok thanks anyway is definitely a smart move. I have a great start this year to financial wealth and thanks to you I see I'm doing all the right things, and now I've added more to my mental, thanks smart guy 🙏😊

[@navarrobandolero3460]

This is amazing, I am glad I found this. I am 18 years old trying to gain wealth and this video is by far the most informative and educational video out of everybody els. Really wish this was taught when I was in high school!!!

[@Francis.Rivers]

19:25 “At the end of the day, we can always make more money. But we cannot get more time”

[@ct5951]

💯

[@martinsuper4545]

And yet if you are willing to sacrifice a little more when you are young, it will pay huge later. I bought my business when I was 31. It was making about $150,000 a year. Now I am 38 and it is making about $450,000 a year. I am going to keep reinvesting hard for about two or three more years. After that, I am going to continue to grow the business, but not at the expense of my personal time or wealth like I was in the beginning.

[@samuelhlophe1126]

@@martinsuper4545 please tell me more..

[@yunnirobles701]

@@martinsuper4545 what kind of business do you have

[@martinsuper4545]

@@yunnirobles701 RV Park. I work about 85 hours a week April to October.

[@jensenmd82]

I just recently discovered this channel. I have been so bad with my money in the past, and I cannot wait to start doing this. Thank you Jaspreet and everyone at Minority Mindset.

[@stephaniejose5565]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

[@paigehuston2060]

Not quite long I started investing. I did a trial investment in stock like Disney but to be honest I don’t know what am doing and I don’t think I made anything either. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.

[@stephaniejose5565]

@@paigehuston2060 investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .

[@stephaniejose5565]

@@paigehuston2060

[@paigehuston2060]

@@stephaniejose5565 please how do i get in touch with her. Impressive. Would you mind sharing some more details. I’d like to have a talk with her.

[@conniegriggs4996]

@@stephaniejose5565 Tnx for this info, I just looked up your investment professional and found her page. Her experience is pretty impressive. I wrote her and I'm waiting on her reply.

[@jorgeluna5875]

You’re the man bro I try and try and idk what to do until I saw this and I am doing this ASAP. Thank you. You’re the best I appreciate you’re insight into my journey to being financially stable

[@binafina2823]

You are the best ! And I appreciate all the hard work you and your team do ... to educate so many of us! Keep up the good work

[@SidChowdhury88]

I am 33, I wish I saw this when I started off working a real job at 23!! Great video!

[@305flguy]

Really appreciate this. I've been having financial trouble for awhile now and am a single father. This video really helped me understand my financial situation better and helped me figure out what i need to do.

[@kmydesire12]

He makes this information so easy to understand. I’m telling you when you have kids it’s hard when you don’t know where the money will come from. I’ve cut back drastically by buying a water filter and making coffee any home. Every little bit helps

[@v3ck1n]

I try to watch all of your videos twice and I always pay attention to what you're saying. You're very smart and you put your information freely available in simple terms. I appreciate this a lot. I've been working hard just to save any money and not spend it. If I can build a foundation of wealth I will be set because I have no debt to my name. I need to work like 2 jobs and 3 side hustles just to survive but I'm doing it. And I watch all your videos twice. I'm so glad I found your channel!!!

[@daumienebi]

How is it going mann??

[@rojanjacob]

Dave Ramsey's Baby steps...

[@AlexanderShapaka-jv4wh]

I love how you break things down, I've subscribed

[@mikeb2737]

I listen to you when you are on Jordan Harbinger and it is so good. Both of you are great minds who improve us all. Thank you for all of your great wisdom.

[@rodOqLb]

The part about knowing the difference between needs and wants was spot on!!! So many people will never grasp the concept of living below their means

[@ashura355]

But at the same time you still need to feed some of your wants, otherwise why would you live?

[@Baiswith]

@@ashura355 That's where the budget comes in - for me at least

[@deinashipley7968]

My ten year old brought this from school. We talked about wants or needs now when we go shopping we discuss a want or a need. Want usually loses.

[@marknesstorres276]

Amen

[@peter8488]

Honestly this is some very solid advice, I'm literally at the step where I have money saved but not $2000 and I was gonna take this entire paycheck and pay down my high interest card, I'll wait, need that cushion.

[@portersprojects3516]

Hi I really enjoy your financial literacy videos and have learned a lot in a short amount of time. I was wondering if you could do a video on the best way to keep more of your money when you have a higher income. It seems like the more you make, the more taxes you end up owing. Any ideas or suggestions on dealing with tax debt would be greatly appreciated. Thank you for the work that you do.

[@mialuz6655]

I am teaching this to my homeschool kid who is 7 years old. This education is porpusely being hidden from public school students. I myself have already invested since I came out of college and I am doing what they never taught me in college. I was able to get my family financially stable through investment real estate. I was able to quit my job and switch to homeschooling my kids while receiving passive income and building wealth with my husband on the side. Hopefully my husband will retire soon too.

[@SayPennita]

I really enjoy your videos and like the fact that you acknowledge common traps. It makes it clear that you understand and emphasize WHY people fall behind when educating how to succeed. Love it!

[@atifbutt8892]

As always, excellent financial material & tips. Thanks Jaspareet for your commitment in educating us. I really enjoy watching your videos. Keep up the great work! 👍🏼😀

[@petal21]

This video is a gem. Be ready to take notes before watching. Big thanks, sir!

[@jdubbfps]

Great video with clear and consice advice and information! I subscribed and plan to watch even more! Thank you so much!

[@MrLucrativethought]

I love the 24 hour rule bro. Hahah it made me laugh cause we are all like that. Thank you so much for this video. Sometimes when I wait, I don’t care about the item or it revisits me weeks later. So I save money at that time!

[@454lin]

I automatically save 30% of my income ‼️

[@nickdoyle-achievefinancial2464]

Good job! Hopefully you are also investing a good amount 😀

[@charletfoster8917]

👏🏿👏🏿👏🏿👏🏿👏🏿

[@sassyblumpkin5437]

Did you start off that way or did you increase it over the years. Also congratulations thats impressive!

[@454lin]

@@sassyblumpkin5437 nah, started off saving 10%, then went back down to 5%, then 15% then 30%. It took 2 years altogether. It wasn’t easy

[@jf6466work]

Best trick is to have 3 to 6 months of expenses in a saving account. Any more is too stagnant. Once you have the 6 month amount start putting it in investments otherwise you'll suffer death by inflation.

[@ddomotor66]

Thank you so good!

[@iamchrisdammit]

I love the simplicity. Great teacher for sure

[@nickdoyle-achievefinancial2464]

Good advice. I'm now at the point where I am buying back more time! it's nice to be able to do so without affecting my financial goals.

[@thecruelhawk5213]

You just made my treadmill run sooo much better :) were all about the side-hustles.. I never thought it was possible but after just a year we have so much passive income it’s crazy!

[@dilpreetsekhon8219]

Jaspreet, I freaking love you. I needed this, especially the need/want lecture. That Starbucks thing hit hard. Newly subbed.

[@copypaste_pro]

I am already doing all of this… 🥰 good to know I’m on the right path

[@sumoneiskool]

This is what Millennials needed. I listen to him and Dave Ramsey!

[@mikep4869]

I agree. But the starting point always seems to be when you are in debt and trying to claw out of it. The focus should be on the day you start your first job.

[@luney3232]

14:23 😂 the wants that you want !!!😆

[@lauriet5987]

I listened to Clark Howard when he was on the radio "back in the day". He had same/similar content (not sure about his KZbin channel or website... but his radio program was awesome).

[@jdkoz98]

Dave Ramsey is a twot

[@acajudi100]

Investigate on your own, and help non beggars help themselves. Never be GREEDY!

[@alwynjohn-thesimpleinvesto4730]

Love the content, keep it up!!

[@totallysick88able]

Man I wish so badly I was given this advice 10 years ago. I’d probably be retired by now. Very grateful for everything this channel has taught me. Thank you!

[@KillianLikeTheBeer]

Thank you so much for taking the time to make this video! I sent it to my son and am even applying to myself as well!

[@johnriley8761]

I am 53 years old. I have a BS in Business. I have been the biggest knuckle head in the history of the world when it comes to money. I have a ton of regrets now. It was never ignorance. I just never cared and really made a miss of things financially. I think what you’re doing is really great keep it up man. Some how after finishing my MSW at 53 I am needing to undo all the damage I have done financially. I am going to keep watching your videos and do the right thing from here on out... Thanks again.

[@Munce72]

@John Riley I did the same thing, John. Read "Rich Dad, Poor Dad" by Robert Kiyosaki(sp). That book opened my eyes to what I was doing wrong. On on the right track now with Robert & Jaspreet!!

[@LifeofKairo]

Having a side hustle is a great addition to an emergency fund as it is an extra income stream so that you don't have to 100% rely on your pay check

[@wed3k]

@Rio West mine too, about 3x more per hour but took 10 years to get there

[@tonyle4799]

Yup. I also find that when you work a lot, you really don’t have time to spend it, also.

[@LifeofKairo]

@@tonyle4799 exactly - then it’s even easier to invest it and put that money to work 😆

[@LifeofKairo]

@Rio West nice going!

[@LifeofKairo]

@@wed3k you put in the grind and are now reaping the rewards - congrats!

[@Ezmoneyash]

I did not expect to watch this entire video however it was so captivating the way the speaker explained the wealth plan!

[@saucedatti5241]

You've become my favorite teacher on KZbin. Thank you for your knowledge and ability to teach it.

[@gearhead1308]

Thanks brother, you are teaching what every parent should teach their child!

[@marknesstorres276]

Absolutely

[@mariamurphy3643]

Thank you for your knowledge and wisdom on money management. I've been following you since last year and I have learned so much from you. I am on the road of being debt free, starting my own business and investing in real estate.

[@busizweduba6348]

First money management video that leaves me feeling empowered not overwhelmed.

[@cm9859]

I agree 👍 excellent common sense financial advice. These steps should be taught in schools. Since so many married couples have financial stress due to bad money habits. Prior to getting married, young couples should be required to hear money management video or course.

[@faceonnailsdonehairdid]

Love the steps you talked about, Jaspreet and your humorous delivery. BTW, I've never understood the whole checking system the US has, it's interesting that that's still a viable method of payment. Living in the UK, I honestly can say I haven't seen a cheque in at least 15 years.

[@ChrysusTV]

No one but old people use checks, except for certain expenses that might require a cashier's check. It's a checking account not only because it can have checks drawn on it, but primarily because it is meant to enable expenditures by allowing any number of withdrawals or expense transactions. Whereas a savings account is intended for keeping money static, so it has a higher interest rate but usually has limits on withdrawal transactions. Neither of these are reliant on the actual existence of a physical check.

[@alwynjohn-thesimpleinvesto4730]

15% investment of your paycheck should like you said all be automated so you do not need to think about it. Paying down debt exactly is the best way to get a guaranteed return. The debt snowball is the best psychological way to handle debt, most people should use it unless you have lots of self-discipline to pay down and not eliminate debts that quickly. I agree cash does need to be stashed aside but this is very tempting to use. But if you keep it in another account as stated that huge. When you see an opportunity just drop the cash!

[@markallen7343]

Yea i used to be one of these people... dunkin donuts coffee.. 2.80 A day. and breakfast corner store 5.00... lunch 10 to 12 dollars... i added up the coast over 300 a month for lunch... naw i ride home for lunch 🚴‍♂️ Monday throw Wednesday and only order lunch 2 times a week... and i was getting little fat cause of all the eating.. little fasting 🧘‍♂️... and started to make coffee at home... and having it before I leave for work... and the second part is i single father and paying down my house/mortgage.. i bought my house/mortgage when I was 26 and naw I'm 40... got the house for 88,000.oo and i have 15,781.82 leftover to pay... i will be Debt free in the next 6 months... keep to your path and follow your gole's..... thank's for reading and stay awesome...✌

[@GNelke]

Good job!

[@ESLTeacherTom]

Thank you. Good ideas!

[@kennedyking2480]

glad I came across your channel I can finally start helping out my mom!

[@goldrosexox4579]

This is awesome!! Your mom is lucky

[@darkkatana_z3340]

Love this channel. I work for USPS so I’m constantly busy and have a hard time managing everything. I slap this video on, put on my earbud and listen to this great advice. Keep up the good work!

[@RisageYT]

4:56 only 5 mins and I can say this is incredibly informative and useful this will defintely be beneficial to alot of people

[@jakesto72]

Made a system exactly like this when i went thru some struggles and glad to see this strategry proving itself. :)

[@ronaldolivier3518]

Thank you Jaspreet and team - I have subscribed and will certainly follow your advice going forward. What you are doing for people who have not had a financial education is wonderful!

[@romaromes]

The Minority Mindset out here helping regular folks get to a point where they don't have to worry about the extra guac while schools don't even teach about saving. Epic.

[@Jadedgrace333]

You broke that down very easy to comprehend Ty

[@Mrs_Chiques]

Brilliant ❤ thank you for this wisdom, I’ll be sharing this with my kids

[@ElderBobcat]

Everyone needs to see this working in highschool/college so they can mitigate all future debts to go straight to investing

[@ElizabethChamorroJesuslover]

This guy is the hero we needed.

[@jabez36]

I love you dude! Nobody’s simplified this advice for us non-wealth/middle class bg folks. Most of the advice online assumes I can save $30k in one year smh

[@CHiGotsauce]

Seeing this 2years after it was posted. Known some of these things, but how he put it! 🙌🏾💯 Damn, this is the truth.

[@86ajmn]

I’ve made most of these mistakes and I was gonna say I wish I would of seen this first. But honestly I don’t think I would of understood and listened. Now I’m ready and am grateful for you. Amazing video. Thank you sir.

[@puravida5683]

I am a wealthy American watching from Costa Rica. I enjoy routinely watching your channel.

[@ArmageddonIsHere]

Please tell the rest of us what it's like in Costa Rica. And do also tell what the rules are for Americans to visit or to immigrate there.

[@nicholasleask1159]

​@@ArmageddonIsHere Costa Rica is chill, just go there after COVID and feel the Pura Vida vibes. Its almost unnerving how chill they are (coming from NYC) I love it

[@D.H.CE_FL]

@@ArmageddonIsHere I spend 9 days driving the county and sleeping in hostels in Costa Rica last summer. Beautiful place and some of the most amazing people I've met. Not sure about the immigration part, but visiting is super easy. I was supposed to go again this summer, but that got canceled.

[@ct5951]

I can't wait to visit! I hear it's beautiful.

[@janiceprudente8301]

Oi sou brasileira e assistir uma entrevista sua aprende muito, agora estou aqui no seu canal para aprender mais!

[@margeretamila]

I'm in love: smart, funny, practical. Thank you for all the knowledge.

[@harperl2]

I love your content. I feel like the people that need this information are in a poverty mindset. It's a lifestyle and while I know everything you're saying is logical and correct but how does one break a mindset, a way of life you've had all your life. It's a tough one.

[@CHiGotsauce]

Just back here to say this video shows be included in highschool or even university curriculum. This video is a gem.

[@Telegraph..Singh_Admin..0]

Chat me up 👆👆👆..

[@latonyadesirae7865]

The best and most simplified money management video. Way to go!!

[@breenoele3532]

I’m so happy and grateful to found this Chanel

[@Telegraph..Singh_Admin..0]

Chat me up 👆👆👆..

[@serge414sbp]

My respect 🙌 to you sir !! You have a really effective way of explaining things so that anyone can understand it. I love it !! Found your videos about 2 weeks ago and every video I watch, I feel like I learn something new.. Thank you for making this videos for the public. And remember KEEP HUSTLING 💯 👌

[@namita9031]

in America they dont want us to know this bc if we know we will be smarter with our $ which means they will not b able to make $ off us....capitalism all by design