America Is Going BROKE - What To Do

[@MinorityMindset]

Thank you for watching! If you want to watch more of Nate, check out our Minority Mindset News channel: kzbin.info/door/D9iGIOUOUhernIX8USfUNw

[@jdhern9078]

Good video

[@adio.7226]

Let's be honest... Indians loveee gold,jewelry, expensive things to show off(cars, cell phones, vehicles, watches etc..). It's not just weddings and education... also, to bad you promote "I'm Indian, so x y z..." ... start teaching people it's okay to be an immigrant American ! Americans come from all walks of life, and with all kinds of backgrounds. I'm an immigrant, and am thankful to be an American everyday!

[@pitmasterD]

I've had financial knowledge to some extent, but watching this channel has given me a new "skill set" on finance .so much so...that I'm now educating my 15 yr old son and will include him in my next investment.

[@MrBurns-tf4if]

These guys do not understand debt. They are clueless lol. There is good debt and bad debt, but since these guys have failed to crack a single econ book they have no idea.

[@jf2369af]

I always use KZbin for learning. Thanks to all KZbin teachers like yall. Every time someone tells me they don't know how to do something, I always tell them to look it up on KZbin. Most or lazy and don't want to change.

[@HipHopBeatSource]

Ditto

[@thecnicroute]

Facts

[@billw8476]

yes, i can see you use "youtube for learning"! hahaha! i never listen to a guy wearing a diaper on his head.

[@PuddingKing3555]

Because of this channel, I've been able to determine not to get a credit card until i know for sure im able to keep it stable with payments.

[@PuddingKing3555]

I also never went to college so i also never took on student loans or even, any type of loans.

[@PuddingKing3555]

Im also only 22. So i did start investing a little late, but better late than never.

[@bkspielman0]

As a 35 year old who didn't have a credit card until they were older... just don't get one. They got us into a LOT of trouble. Pay cash for everything or use your debit card. Good luck!

[@PuddingKing3555]

@@bkspielman0 that has been on my mind as well...

[@coachtanishamarie]

Good

[@JasonBrownYourMarginMatters]

And I'm sure it's just a coincidence that the majority of schools in America don't teach financial literacy to our kids....

[@GetAlong2GetAlong]

Would kids listen if they did teach financial literacy in schools??? Now if it was part of the schools, in the home, and pushed in the pop culture…. Now we’re talking.

[@EasternDreamer615]

The sad truth is that if you give a care in the US, you will send your kids to private school or home school.

[@michelledschwab]

@@GetAlong2GetAlong instead we teach them to be indebted consumers... if u translate the Korean lyrics to Psy’s Gagnam Style it’s about encouraging fans to do what we call debt flex.....

[@tommycasidy3031]

@@GetAlong2GetAlong They're forced to listen to all the other crap they teach. The subconscious is a wonderful thing, it would sink in. A good teacher would make it fun.

[@ljthirtyfiver]

Or discipline …if they taught either of those things America the business would tank.

[@standinginthegap7118]

I have learned more about finance and business watching this than I have in 47 years of life. Thank you so much. You are truly talented.

[@Loveless100]

Thank you for saying that about tests in college! While I was in uni for engineering, I had teachers who took joy in the fact that the average was 30-40%. That means no one gets it! More of a reflection on the teacher's ability to teach than the student's ability to learn...and somehow I have a degree.

[@TheDjangoJoEShowOfficial]

I've been watching you for awhile now and I can say you're one of the best financial advisors on KZbin. Thanks for what you do.

[@clear_gray_sky539]

We need a squid game for politicians to play

[@cindychelsea784]

😂😂with Biden being the old guy

[@LoveLife-gv8jg]

😅

[@michelledschwab]

Yes

[@afernadez2]

Yes but even the winner dies lol

[@fbyi2940]

@@cindychelsea784 and Trump would be the thug with a snake face tattoo

[@STiStein]

Man I was so excited to see you on Bitboy's Around The Blockchain. It was so unexpected too, I was in the shower listening and had to wipe the soap from my eyes to make sure it was you when they said your name. I yelled out "JASPREET!!" 🙌

[@vickyt1191]

I start my day with your videos to get my mindset into Minority Mode 🙌

[@rebecagmz824]

GREAT CONTENT! I come from an immigrant Mexican family and I absolutely loved how you explained the educational system. Thank you!

[@DavidPaulNewtonScott]

I owned and lived on boats many times but small boats. I will not own a boat now that I cannot tow home and put on my drive. Boats make cheap homes and expensive toys. I am working on the ultimate design.

[@daveuygur]

I could listen to Jaspreet All Day!!! Thank You for making such relevant powerful content.

[@dmo7815]

The true value of a dollar . For ever , one ounce of silver was worth a dollar,, all the way back to 1890s . Today if silver is worth $20. ,,, $1.00 divided by $20. Equals $.05 .

[@LoLo-jk4lv]

I love your show. I started watching your show before the pandemic in California. I am watching you again. Thanks for your wisdom. I have learned so much but still broke but happy.

[@LoLo-jk4lv]

@BUCK JO FIDEN!! Broke is a Roman word. If you look at what a broke Romans is you will understand the true word of broke. Once u open the history books and everyone who is broke they lived like the Romans.

[@davidhenner5067]

The thing I'd like you to bring up are the recurring costs. Get a landscaper or a housekeeper or a service like apple cloud or always have a new car or leasing cars.

[@rahmanr112]

I like this format, we need a podcast from Jaspreet and his team!

[@l.chambers1944]

YES!

[@painedpineapple]

Loving this new format. This is without a doubt some of the most valuable content on KZbin. Thank you.

[@theRichgetRichard]

Growing my KZbin channel 📽 and my different businesses can be difficult; however, the information I learn on here really helps alot 😀

[@sellitwithsandy9268]

Omg the walk down memory lane with Calc professors with accents and a 49% grading curve! And AIM! And “don’t buy things on the internet! It’s a scam!” Lol thanks for sharing and guiding us!

[@TimePlaysLifePasses]

What’s AIM ?

[@roseoverdose6451]

We only have 5yr fixed rate in Canada. There are some that are 10 or 15 but the rate is ridiculously higher... So many are doing variable.

[@TheShooter466]

really like the more informal setting of this video

[@marvinphillips1326]

I'd go broke too if I was handing out money like it was Halloween Candy.

[@marvinphillips1326]

@♜ Pinned_by Minoriity Mindset keep up with the good content. Explains why you have a lot of subscribers.

[@dela2791]

@♜ Pinned_by Minoriity Mindset stfu

[@متعبالمثاكبة]

@@marvinphillips1326 thats spam bro

[@marvinphillips1326]

@@متعبالمثاكبة what??? I have no idea what you mean?

[@goodlucking244]

@@marvinphillips1326 It ain’t from minority mindset, just a poser phishing probably.

[@charniecearielle]

The first part just proves that discipline must be on purpose and not by force. When everything was shut down and financial security was uncertain, ppl weren’t spending or only focusing on what was important. Once things opened up again, ppl started spending more than ever

[@delbomb3131]

Many people don't have a choice but to spend more now tho, everything is drastically more expensive so you could have reduced the things you buy and still be required to spend more just getting by. I don't think it's fair to just assume they're blowing it on dumb shit.

[@juliohernandez3323]

@@delbomb3131 I think its pretty safe to assume at this point that most people blow their money on dumb stuff. Its how most people here in the US have been accustomed to.

[@floridaboy305boy3]

@@juliohernandez3323 BINGO 🎯

[@delbomb3131]

@@juliohernandez3323 to an extent, but this narrative completely ignores gas being 4+ a gallon many places and food getting stupid expensive, and all the jaspreets out there raising rent. Get ready for winter, this winter is going to BREAK many people

[@Justify4935]

@@delbomb3131 Except that's incorrect. During the height of the pandemic they stopped the penatly for pulling out funds from your 401k for emergencies. They did research and yes some used it on getting by. Some were using it for dumb shit. Building pools in the back yard, cars, etc

[@ryanbaileyboxing]

Fantastic listen. Learning so much life changing info from you brother thanks so much

[@monicamolina2221]

This was an amazing conversation to be a part of

[@standinginthegap7118]

I am so sorry for the way you have been treated due to racism. I knew it existed, but I had no idea it was that bad in the United States. I know you didn't share your experiences for sympathy, but I thank you for opening up bringing awareness. I really didn't realize people were actually being punched etc. Simply because of their race and/or faith.

[@fsa5826]

Racism exists everywhere it is worst in India in US the most racist ones are the Leftists .

[@SideWalker562]

They should teach this subject start in high school. Our society can be better…financially

[@erikshure360]

Why? Classical schooling sucks. Better to just get the info online--where it's taught by people who genuinely care about the subject matter.

[@metalmike570]

Instead they learn a lot of things that won't help you get ahead in life. They don't teach ANYTHING about money and that's what you need to live.

[@metalmike570]

@Joe My daughter is 21, and a few years ago I noticed her friends were different races, which is good but I noticed that they weren't too respectful. I think it was because I'm white. My daughter is a mix because her mom is Thai and Chinese. I noticed that at her high school when I was inside the school, all the pictures of the senior leaders (high school) were are females. And they were mostly of color, and I thought wow it can't be very good for white kids here. The CRT (critical racist theory) was all over the place. Higher mathematics take a lot of time and really take a certain amount of smart gene you're either born with or your not. It's supposed to be rewarded and that's why it's being dropped. It's reverse racism too drop these course but that's where things are going.

[@metalmike570]

@Joe Yes it's amazing - they make themselves low class and always examining race and someone's sex; male, female, trans / gay. Teaching this stuff to 7 year olds - letting them try to decide what their going to be at this age!!! Leave the kids alone.

[@SideWalker562]

Since teenagers have to be in school anyway, my point is just instead of learning something that doesn’t really help to survive in real life, like high end math classes, it would be nice to have this kind of finance class…maybe call it Basic Economy? Yes, you can learn this from youtube, but how many teenagers will look it up?? When i was a teenager, i was only interested in comics, gaming, movies, music and those kinda stuffs. I know lots of young people wont like this subject, but some will do.

[@ozzierabbit587]

I remember over 40 years ago hearing the same warning.

[@stevenfrench7940]

This channel has made me KZbin certified in the basics of investing. And thank you for the free education

[@leifleoden5464]

43:00 You don't need college to be an accountant in most countries. You don't need it to be a computer programmer in the EU. Doctor, yes, lawyer sure, a lot of the jobs we force our kids to go to rip off mills for, should not require 4 years in college. Even the ones that do, why not have doctors do a 5 year MBBS instead of a 4 year undergrad then 3 years of medical school followed by 2 years of residency? Only reason I can think of is that University administrators and government want to rip off the working class.

[@spacemonkey3051]

@19:50 Thank you sir!!! I have been saying this for years!! The school systems need to change to help people to become successful instead of consumers and factory workers.

[@Kzombie]

You bring so much value man. I’m sorry I used to hate on you for “comment down below”

[@saltpassionfishing5243]

I can’t begin to tell you how much I appreciate what you do on your channel. You are a blessing from God. I pray that you continue to prosper and be in great health.

[@CocinandoFinanzas]

THANK YOU! (YOU TUBE)!! Because of You Tube I have become an Investor, Mechanic, Handy Man, Cook, Counselor, psychology professor to my kids and soon a Millionaire thanks to Channels like yours 👏👏

[@eduardomendes5220]

Great conversation, please do more sessions with this. Bring more minority individuals as yourself, they made it and they have gone through the same or worse perseverance than you.

[@sparksays7247]

Sorry to hear about the hatred you faced, Jaspreet! At least you’re smart enough not to repeat/return that vile behavior 👍🏾

[@Yurikan]

It really depends on the job whether college and university is worth it. Engineering of every stripe and research jobs absolutely require the education. But yeah, community College and third party education have become extremely viable avenues.

[@luiz_15e]

I love this video or podcast. So much thrust, you should do it more frequently. I felt like there is more people that think like me.

[@coreyfuggins2945]

Thank you guys for that informations! Jaspreet you are a god send!

[@joelscott1898]

Schools in my area have "tech centers". Juniors and seniors can go take diesel tech, hvac, plumbing, etc. Companies recruit out of there like crazy.

[@stevensciberras2251]

This was a really wonderful and interesting interview. Thankyou for making it.

[@wannaBepunjabi]

In 2004 to 2008, when kids my age were finishing high school, I feel like we had less knowledge and less resources to understand student debt and were pressured to go to college and given no other options. Over a decade later, I'd assume the kids of today would have learned from our mistakes. So I'm curious what the climate is around college for high schoolers today. Is it still shameful to go to community college or do school counselors now promote it, along with trade schools? Or is it the same bullshit as long ago - where they brainwash you into thinking you can only succeed with a 4 year degree, without acknowledging the long term consequences of debt? That was neverrrrrr discussed in 2006 when I was considering college.

[@juanvaldez7279]

I graduated in 04 and community College was not shamefully even if you were doing 2 years of cc and then you enroll in state four year school for the last 2. I think it was your economic class culture that shamed you. Voting age should be 16. This country says you need to start apply for college at 16-17 to take on the largest debt next to a home in your life but have no Vote no Voice

[@biglance]

When the US defaults on its debts, the people who lent the $ will want something. What will they get? How about US Federal Land? No one talks about this...the Federal Reserve (private bank) will get most of this... not pretty.

[@az00001]

I listen to you everyday. Thanks for your wisdom.

[@teesellz7692]

In 2021 people started spending like it was the end of the world and now that inflation is going crazy people are getting broker by the day 😒😔

[@MichaelGlitzos]

Inflation means that even though everything is becoming more expensive, your debt is worth less as the dollar becomes worth less. It makes sense to leverage especially with the low interest

[@LPH77]

Hey I’m over 40 just learning all these things. Thank you

[@soc919]

I appreciate your 360° view of this topic.

[@ninascolorfullife8099]

I'm so glad that I found this channel. Thank you Minority Mindset. 😊

[@jta2b]

Jaspreet, you are the man! Yes, yes, yes!!! Blessings to you o!!!

[@Je.rone_]

I always have a hard time believing the “most American can’t afford $xxxx in emergency” expenses I need to read the primary source of that study

[@susanlippy1009]

I don't have a hard time believing it. Most of us have zero savings. It's easy to allow your lifestyle to fill the available income. Example being a neighbor of mine, friends, who got an inheritance. What did they do? They bought a new to them home and upgraded their cars. Never mind they were taking on debt here. So he got a 10,000 yes raise, how much of that do you think will be saved? 0 as they now have increased mortgage payments, higher tax burden, higher utility charges for bigger home. How long will that last? This is the mentality of most.

[@karalianisthmus8548]

Excellent video. Thank you Jaspreet! The conversation for thanksgiving dinner this year!!

[@tubularbill]

Excellent conversation. Wonderful channel. Thank you for posting!

[@uswilkibr]

I've been paying my student loans off for 17 years...just 8 more years to go! At least I got a degree...which has made it easier to get crappy jobs that have nothing to do with my degree. I spent 10 years in college, started majoring in guitar performance, had 8 credits left, found out that no matter how hard I tried I couldn't pass their 'ear training/sight singing' class (after 3 tries), and just like that my 5 year degree was over. I started over in psychology, got a degree, realized even though I did well in school, the math would be too much if I pursued a master's degree, and just like that I had a useless Bachelor degree and tens of thousands of dollars in debt. I'm sure I lost years off my life stressing over school/work/volunteering/practicing my guitar for hours a day. College is a huge risk, often for little if any payoff. I should have just gone to the library, and taken guitar lessons. If I'd been financially educated I would have been in a much better position today. I'm grateful to channels like yours that have helped me to finally get the education I should have had in high school. Don't waste your time/money/life, know yourself and your limitations and strengths!

[@ladytazmire]

I greatly appreciate your your youtube channel. I've learned so much about investing and saving. I now pay close attention to my finances and my self worth. I wished I founded you about 5-10 years ago. Thanks for the education on financial growth. Keep up your great work!!!!

[@jamesmorton7881]

Oct29, time mochine: like a stalling aircraft, just a matter of wich wing will drop. The S&P still floating up and up . . . . hear the STALL WARNING HORN. (the last thing you will hear if you are close to the ground)

[@AD-wm9if]

I have an electrical engineering BS, it was so frustrating to get practice tests from the year I was BORN in calc 1. I couldn't understand half of my teachers because for some reason, 2. they didn't value learning how to teach more clearly over 20 years. Or 3. The teaching methods for topics were just BAD!

[@lip124]

University of YT taught me how to build computers even though I got certification in IT with only a diploma 👍👍. Best decision coming out of high school

[@Bob-yh7ir]

"people want to look rich" Loved that statement. I love looking poor.

[@RenoTrader]

I do too

[@saudademe]

Jaspreet, thank you for your educational financial videos! I accidentally came across one of your videos and got hooked. Yes, it was hard for me to get past how you present yourself, appearance wise (ie turban headed bearded guy) but that's my problem not yours. However, your content is very interesting and you're a very educated passionate teacher who does a great job teaching finances in layman's language...keep up the good work!

[@patrickwilkerson8048]

Please speak on Credit Card Utilization. I think it’s important in order to use credit cards responsibly and keeping YOU in the 750-800 credit score range.

[@louisedost8476]

🤔I learned nothing about financial literacy in school at home!!!!! Thank You!!!!!👍🏿👍🏿👍🏿

[@EasternDreamer615]

I'm moving outside of the United States, I don't want to stay here to wait for the country to resemble Brazil or South Africa.

[@eScential]

You moved to Brazil? SA?

[@EasternDreamer615]

Nope, I have skills so I can be picky.

[@ChonnyD]

Where ya going?

[@erikshure360]

But diversity is our strength! America can't fail b/c we are becoming more diverse!

[@maksy76]

Typical modern American mentality run away from problems, with your skills you could teach or help the situation.

[@josef56]

Great exchange of thought! I really enjoyed your conversation!

[@laurieproctor3572]

The other issue is society is being built around instant gratification. It’s promoted daily and single clicks and next day delivery with PayPal credit for example. I feel it’s social engineering. I found once you learn to save up cash for things, you generally want less! And it writes off a lot of “luxuries” that are everyday items to those who finance things. This in turn halts their progress. Not only this but it takes patience and sacrifice, something that most aren’t willing or able to try. And also I’ve bumped into a few people in life who have inspired me, one who paid cash for a new car which to me was mind blowing, having only been told that everyone finances them. Same with houses, met a guy who saved 10years to buy a house cash. Changed my perspective of what is possible! I’ve learned loads from this channel, thank you for the effort 🙏. 🇬🇧

[@mikeking9266]

Great advice and educational for UK as well as United states

[@donjose6520]

And this happened to me exactly the same way. I loved math throughout high school until I took advanced calculus at UC Berkeley, the professor from some African country had such a heavy accent that I couldn't understand what he was talking about. Needless to say my career is engineering was finished.

[@brianrodgers2810]

I truly enjoyed this video, thanks for sharing this valuable "real life" content.

[@LGnLA]

33:50 bookmark teach creativity and innovation!!💯💯💯💯

[@LGnLA]

36:22

[@JETSFOOL101]

I am a new subscriber within a few days I have learned so much this video so far is my top favorite I appreciate KZbinrs like you giving the real thank you

[@luwanin]

I like this discussion format.

[@uselessbob3630]

Wow really interesting conversation! Keep up the good work!

[@juanchofolo]

I love these longer videos. Keep it up Brother.

[@patrickmaslanka5287]

The reason the Gov and Fed want inflation is because of debt servicing. Without expansion of the currency in circulation, they cant depreciate the value of all the bonds/bills/notes, allowing them to pay the interest and/or principal at a discount.

[@zane6389]

Best financial channel...LFG Jaspreet you are the man!!

[@tdf123emcee2]

I would never understand why would you spend more money during a pandemic...you are basically forced to save since there aren't many places open...

[@toddwerther188]

I love how these videos come out on D's watch after you've had enough time to realize what R did.

[@mlovespring7892]

Doesn't matter how wealthy I can be or need to be, higher education will always be a top priority I tell my children.

[@serenitypeaceandcomfort3669]

Actually most poor people today have a college education. Have you seen how pathetic America's universities have become?

[@lindseym6534]

This is incredible. Thanks Jaspreet

[@czechgirl74]

Loved listening toy you, guys!!!

[@debbiedacosta6490]

You hit the nail on the head! You tube University!

[@preet3300]

Hello Jaspreet, love your videos. I have learned a lot about finances since I’ve been watching your videos. Could you please make a video on velocity banking strategy?

[@lydjachan]

You mention that you used to guest teach. Does MM have a playlist of videos that might be geared towards a younger audeience? High school age out there getting their first job. Trying to help my daughter get her financial education off on the right foot!

[@miab5409]

I like the interview format. A nice change from normal programming

[@donwalker3683]

Fantastic guac guys, thank you !

[@dianebonner7857]

Love this format!

[@davianbrown6058]

Solid talk, much information provided

[@Lizzard2060]

The teachers have to stick to a curriculum in K to 12 so even if they have investments on the side, they aren't allowed to impart such knowledge to students. Our government controls our curriculum. When I got to college and was going for my second degree I met my accounting professor and my life was forever changed. . . . . he explained investing to me (on the side after recommending me for tutoring others) and how if I saved and paid cash for my medical needs and only had insurance for hospitals I could actually call around and see what I could get for cash payments and it's actually cheaper than most companies full coverage insurance plans at the time. Invest the difference and you could pay for your own cancer treatments when you are 80 and stuff goes wrong. Would you brush your teeth everyday if you really realized that you paid cash for every cleaning and called around to get cash price checks? You don't think about things when they come out of your paycheck and insurance tells you where you can go. How car payments worked. How the system worked really. He loved teaching and I could sit and have a conversation with him for hours.

[@huggybear4life573]

This was awesome, it gave me something to think on.

[@billscarnage]

I didn't go past an Associates for my field. It's less about the degree you have and more about what you can do. However, the degree shows that you started, committed and finished something. Not saying it's right or wrong, just sayin.

[@cryptoyardie3887]

@53:00 yeah I want a yacht, a silent yacht. No need for all that extra crap, don't need a crew and don't need fuel. And it's more than worth it, check it out.

[@ES-gy1ti]

Those numbers are so large that we really can't comprehend what that looks like.

[@olikat8]

I'm always shocked & stupefied at the amount of people who have not even a general grasp of monetary policy and fiscal responsibility...

[@serenitypeaceandcomfort3669]

They've been taught that "the government will take care of you". How do you think the Left gets their voters????

[@harism2001]

Good work. Thank you

[@travisholder5442]

I enjoy this format.

[@donkalzone6671]

Holy F, the quality of your filmfootage is awesome

[@litadex]

Thank you Jaspreet!

[@marcnew7788]

Your telling the truth that’s right all of it💯

[@paulbritton1436]

But $29T is ONLY (29) $1T coins. We can easily mint 30 of those and have some cash left ;)

[@8Maduce50]

Oh that's probably coming lol

[@BeefZupreme]

here is a secret that major credit card companies DONT want you to know: You can negotiate your debt with your credit card company and come to a settlement as low as 25% of the debt! BUT it takes time and your credit will be destroyed. which you can get it fixed with credit repair agencies.

[@BeefZupreme]

and you will be taxed on the money saved from settling the debt

[@bigcstevens187]

Here is the ultimate secret that credit card companies or minority mindset won't tell you, don't go into debt at all then there is no problem paying anything back. Live within your means and stop trying to live the imagined rich lifestyle. Stop making excuses about how hard it is to live when you aren't doing anything to cut spending and too lazy to work more hours.

[@susanlippy1009]

@@bigcstevens187 true no debt does seem the right course for many. May I ask tho how you are to survive without shelter? A minimum wage job often does not pay for shelter. How will you live without food? Many go into debt trying to feed their families. Many have been through disasters of epic proportions. Think fires in California, tornadoes in Midwest, hurricanes in Louisiana. Not all debt is incurred in effort to "look" rich. Not all choices are as easy as that. Many are far harder. Not getting a cake for your child's birthday because you have no money after fixing your car. Not buying fresh produce for the week because you have to pay for medicine. So I agree with the concept of not taking on debt, I also understand how easy it is to do. Once you learn that it only prolongs the pain, as still you cannot afford basic life yet now you are farther behind you might change, maybe. Most don't or won't. Sadly many are living on wages that make change impossible. No one should need multiple full time jobs to just get by. But in this time many do just that. If tho our children learn to grow wealth, and if they live with wisdom perhaps slowly this will change.