"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?
It's not just an Indian thing. It's an Asian thing. My family told me I could become a doctor or a pilot. Mainly because my dad was a pilot, and he did pretty well. So, pilot became the fallback option. LOL
he is right... being a doctor is not a synonym of rich is true mayority dont learn about finacial investment ... first thing they do is buying a fancy car and fancy homes..
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.
@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
True, thats why I have been trying to do a daily video to hold myself accountable for my finances. It all starts with rebuilding my credit and raising my credit score so I can help by lowering my intrest rates while I'm working and saving.
@@nickdoyle-achievefinancial2464 My goal was to be in a financial position to retire anytime I wanted, and I got there in my 30s. I'm still working because I enjoy it and the money is good, and I can live a lifestyle that's close to what I'd do if retired. I plan to retire early at 60 or 62. ;)
You and Graham Stephan are the most practical money and entrepreneurial teachers on TH-cam. Far from those "gurus" that have crowded the "expert" market over the last 5 years. 2020 is the year the fake gurus make way and get replaced by real, honest, likeable financial teachers. Thank you Jaspreet!
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
I prefer to let other people run the business. So I buy parts of well run businesses. Sometimes those parts are discounted and I can get more of the business for the same price. I watch for those discounts. Sometimes people get so excited about my businesses that they will pay me a silly price. Then I sell them some (but almost never all) of my businesses.
I am even more old school, I use pen and paper to track my money and do budgeting 😂. Button line is you need a plan, do some saving and investing and know what is your necessary expense (mortgage, insurance, any debt), the expense you can control (utilities, subscription) and you will know how much left you can use and not overspend.
I have spreadsheets going back many years; I track my net worth, income, assets and liabilities monthly. I can see quarterly, annual, YoY changes, where I've been and estimating where I'm going. It's very motivating IME. Cheers!
Shoot Jaspreet I think I'm doing the 75,15,10 plan backwards. 😕 I been working so much since the pandemic. I don't even have time to spend money so I just been investing it all. I got cheap rent and my only bill is my cell phone. I own my car etc.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
Laugh as much as you wish bruh. But the sad truth of India and all its neighboring countries is, there's really not a lot to do in there. Doctors are neither rich nor very smart. You become way more rich in business and you need to be way more smart if you want to be a professional researcher. But in these nations you can't open a business without a lot of bribing to govt. officials and political leaders and science in this region mainly runs on foreign funding and results in publishing in American/European Journals - basically paper science. So few opportunities left to an ordinary person is to become a doctor or be a govt. bureaucrat. Laugh as much as you wish, but we live with this curse and it's hard to smile with it.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
Yeah, and people don't realize that that is EXACTLY what money lenders want you to do. That's how they make their money. Glad I no longer play the game by their rules.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
I am age 77. If I met this guy when I was 30, I would have much more useless money in savings. I say useless as can't spend what I have now due to age. This is good info for you young folks. I need to find info on how to enjoy it now.
You can try to Help animal shelters, buy stuff from goodwill or thrift stores and help homeless, help a kid go to college, meet new people, travel, explore the world. This is the age to be happy. Go out with a blast.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
Took me 5 attempts and finally was accepted into med school. NO pressure from my parents, all was based on my own drive and goals. My parents did give me the love, support and ethics to reach my goals.
You are going to be rich if you do not touch in the near term. You will be a millionaire. Interesting that the more you have it is easy to save versus spending. Amazing how that works.
Hey Jasspreet, I think one thing most people overlook when trying to achieve financial security is having a trouble free life style. Stay away from trouble because that will cause you to lose your job, hire expensive lawyers and even lose other assets. If one has a smooth trouble free life, that would go a LONG way into achieving financial sucess.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
This fella speaks the truth. I used the first example of money management; spend on debts owed then on my savings. And now at 65; I don't have enough saved so that I can retire. It looks like I will "have" to work until I'm at least 70 before I can finally retire. Even then I don't know if I can really retire.
Trading is a game of loss and gain, but as a trader you should mainly follow the winning side and gain corrections anytime you loose in order to bounce back with full force and cool money in returns.
Maybe I'm wrong however 19% APR, $1000/month for 10 years on my financial calculator yields $352, 870.33 when compounded monthly. When compounded daily (with payments monthly) we have $356,160.03.
From personal experience - it is a LOT easier to be happy when you aren't worried about money! And my wife and I were following these guidelines long before you started to create the systematic approach. There was a time when we actually did the itemized budget, but it became ingrained, and we are both just really, really cheap, and saved. We had a few goals - pay off all credit card debt (Check - some thirty years ago, we paid them all off, and since then, we have only used them for convenience, and if you pay them off at the end of the month, NO interest!); pay off our residence (Check, but I'd do something different today, explained below); pay off our children's college debt (Check, and they both remain happy that unlike many of their peers, they have no outstanding loans); invest in a diversified portfolio (Check, I'm currently about 60% stock and 40% bonds, my wife is about 50/50); invest in real estate (Check - 3 rent houses and partial ownership of two apartment complexes); retire at 59 1/2 (Check, for me. My wife wants to continue to work to maximize her pension plan, and it helps with health insurance until we're eligible for MediCare.) The only thing I would do differently looking back is to NOT pay off my residence (I wrote a check for ~$74K to payoff the loan as soon as I had saved it - side note, we had a separate account with the "emergency fund" of six months income that was NOT used in the loan payoff.) If I knew then what I know now, I would have used that $74K to buy another rental property or two, because passive cash flow, essentially tax-free, is a good thing. One other thing that is anti-Ramsey, and maybe counter-intuitive for those that want to get into real estate. Once you pay off a credit card, do NOT cancel it, simply use it for convenience only and pay it off monthly (in other words, don't use it to extend your lifestyle.) The longer you have a given credit card, and the longer you continue to not be late on payments, you get a boost in your credit score. If you cancel a long-held card, perversely it usually lowers your credit score, and if you are looking to invest in real estate, you want the highest score you can get, so that you get the lowest mortgage rates. Ours is typically in the 820-830 range, even though I am "retired". Just checked (Creditkarma is free, and you can ignore their "offers" and emails) and still holding within that range on Transunion and Equifax. Jaspreet, you're providing good guidance to folks looking to improve their financial lot in life.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
the reason financial education sticks better than say book learning... is that a financial loss is more memorable, anything tied to pleasure or pain is the best teacher ...
Honestly, I gotta say that I am a big fan of yours Jaspreet. Everything on this channel is completely spot on and the logic behind everything you teach is completely sound! However, the vast majority of your insights are presented with a prominent, yet unspoken caveat - that the advice is only actively applicable if you have a reliable income stream that can cover your basic expenses while providing the excess funds to save and invest. True, those two are the critical basis for financial success that so many people fail to do - yet for so many the opportunity is simply not there. As such, I would humbly recommend releasing some videos tailoring this kind of advice to those at different income levels as well as some that focus on getting people to a place of financial security so that they can grow their wealth without risking the roof over their heads or the food on their tables. Thanks in advance if you happen to see this!
Thank you for this very educational video, Jaspreet. It should be mandatory for American high school students to learn the points you talk about in this video, before they graduate. Our young people would be so much better off financially if they knew and practiced these things.
Watching from Costa Rica.🇨🇷 I am a wealthy expat, who stumbled upon your channel. Your advice is concise and on point! Fortunately, I had a German WW2 war era mother, who instilled living below your means, saving and investing in realestate, precious metals and art. I drive a 15 year old SUV and eat beans and rice, three times a week.
Always started with saving. Thanks, Mom and Dad! The only approach that ever worked for me is instead of depositing my pay into my checking account, I deposit elsewhere and only put a limited dollar amount into checking. Most companies will allow you to set up direct deposit with a dollar amount to one account, and the rest to a different account. I run my checking account on almost $0. If it is going to hit $0 then I know I've been spending too much.
Love your analogy that credit cards are simply a tool; and that it can help you if used correctly, but can also kill you if used wrong. I love working with hand tools and can totally relate - if using a miter saw correctly, it's super helpful for getting projects done ASAP without much effort; but if used incorrectly, it can saw off all your fingers.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾
How do U deal with racism in the US?? Do u recommend certain states where you can live happily and succeed away from pre-judgments. We need an episode about this please
You can succeed anywhere.. don't believe everything you see in the media.. most of it is designed to influence thoughts and doesn't really exist in the real world..
@@jredd801 I lived in Ohio for 5 years and man it was very racist. Being from a Middle Eastern backgroundI always felt unwelcomed and people were shortsighted. I appreciate the encouragement though
I have fallen in love with you sir, the way you asked to hit the like. You gave the audience, the audacity to understand the concept on what they really NEED to do in order to get back to the topic/reason they watched you I'm the first place.
This is very important. If you are saving/investing 50% of your income, then double your income you are now saving 75% of your income. This cycle can result in both increasing your lifestyle and your savings rate. Especially if you can double your income a multiple times.
I’m making only $18,000(net income after taxes) per year. I’m keeping nearly 100% of it and investing while saving for a investment property. I have about $9,000 saved currently. Started 6 months ago. I live with my grandparents, and they let me use their car, they pay for food(plus I work at a restaurant where I get free food), I’m still on my parents cell phone plan. I don’t have insurance of any kind. The only thing I spend money on is gas for their car. I’d like to figure out how to make more money(aside from just a second restaurant job) but idk where to start.
There is a learning curve to everything and investing has a big one whether it is real estate or stocks or a business. We all have to put in the time and effort to get the reward. Nothing ventured, nothing gained right. Those who fear risk will never be wealthy. Personal finance and giving yourself a financial education is the only education one actually needs to become wealthy.
My mom was a nurse and my dad did building maintenance fixing AC units. For a while I was working as a surgical technician at a major hospital in San Francisco while studying my pre-med classes to get into medical school. It soon became apparent that my family was more financially secure than a lot of the surgeons and doctors I worked with. I remeber growing up with my parents being very careful about every expense so they can afford their first 8 unit rental property in a developing area that is now known as Mill Valley. My father, brother and I would go and do the building upkeep and upgrades ourselves. My parents later acquired more and more properties. My mom was constantly reading about money, taxes and investments. And I did not appreciate how important their money management was until I saw that very respected professionals didn't have the resources we had. I am a doctor today because I love the work, but I am wiser about money management and investments than many of my colleagues thanks to my parents. I teach students at Stanford Medical School clinical medicine but often end up lecturing them about early financial planning and, while working, construction of a vibrant stock portfolio.
Hello Jaspreet! I really enjoy your content and listen/watch your videos everyday. I was wondering if you could do a video on investing v. payoff low interest debt such a mortgage. Thank you
My dad always used to say, "Don't let money burn a hole in yo pocket!" Meaning you don't have to spend it just because you have it...its ok to save or invest....or keep it...good advice!
This is good advice. The best investment I have made was in myself. If you don't have these other fundamental steps in order, it will not lead to wealth.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
bro thank you, i never saw cc debt like that, inused my savings, paid my cc down to $0 but im paying myself on that saving account the same inwas paying the cc 😎
Damn, you are awesome.Thanks for the encouragement. No spending to track for me. I haven't purchased anything since March except for food, rent, and electricity. Also sold a bunch of crap just sitting around the house. Went from 0 to over $60k invested and saved. Plan on doing it this way for 4 more years. With the exception I'm going to buy myself an e-bike for Christmas/my birthday. Then back to saving and investing!
The biggest difference is that the 1% separate their time from their money. Working hourly is trading your time for money, and everybody only has a set amount of time to trade, 24hrs a day. The rich leverage other people and proven systems to generate income for them regardless if they are working or not. Also don't save your money, instead make your money work for you.
@@ironmonkey1512 i have to disagree. Building deer stands i can only make 5-6 a week depending on size. If I have someone that I pay to help I can build the same in half the time. The larger I can scale the more I can make off my time by leveraging other peoples time.
Everyone in 2021 doesn't have an excuse to not subscribe to this man. He will literally give you the tools to survive in this world. great content brother
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
I am CPA and one of the requests my clients ask me is to show them how to stop tax leakage. This is similar when you are bleeding cash you have to control those phantom expense! This makes me want to do a similar video on my page!
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin +1.....( 7....6....2) ....8...4....7....4....7....0....8 She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
Thank you for watching! If you enjoyed this video, you should watch - The Secret To Not Being Broke: th-cam.com/video/nQgLoIGFCs0/w-d-xo.html
Love your videos thank you
If you wanna get Covid-19, be a doctor.
Come help me become rich.
@Alux. Com My first experience with him gave me the assurance that has made me to invest without fear of loosing
Investing is how you can create wealth,I started investing from pandemic
"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?
Having a lot of Indian friends, I can vouch about this "doctor" stigma in Indian families.
Very educational!
Not a stigma. That is awesome!
it´s an asian thing
It's not just an Indian thing. It's an Asian thing. My family told me I could become a doctor or a pilot. Mainly because my dad was a pilot, and he did pretty well. So, pilot became the fallback option. LOL
he is right... being a doctor is not a synonym of rich is true mayority dont learn about finacial investment ... first thing they do is buying a fancy car and fancy homes..
Becoming wealthy starts mindset, the right habits with money, and information.
Earn as much as you can, save as much as you can, invest as much as you can, give as much as you can.
Invest as much as we can on stock, forex or crypto? Because forex sucks...
Do you think we should trust all this scammers and liers trying to steal money from people?
@@ashleytrewbay4706 not really
No doubt there are unproffessional brokers and account manager in the stock market but there are still some real ones out there waiting for investors
Crypto bitcoin is the future invest now and regret never
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.
Having a stable investment package keeps you financially stable!
@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
I'm interested in this stock market but I don't know how to come about it . Any advice ??
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
I strongly believe that investing is key in any man's life
I’m from a West Indian home and my mother always wanted me to be a doctor. My parents never talked to me about building wealth and financial education
Weird every west Indian I met in NY all own property. Never heard a peep about being a doctor
More than likely they were unaware of how to build wealth.That is why your generation was educated and left with the task of wealth building.
"If you can't track it, you can't optimise it"
I live by this ❤️❤️😤
True, thats why I have been trying to do a daily video to hold myself accountable for my finances. It all starts with rebuilding my credit and raising my credit score so I can help by lowering my intrest rates while I'm working and saving.
At NASA they say “unknown variables cannot be controlled” 👍🏻
I use Mint to track spending and saving.are there better tracking tools out there?
So true, I am trying this mindset for my fitness and language learning as well!
I’m investing 80% of my income bringing in 130k annually. I’m trying to retire by my early 30s
Should be easily attainable on that income and savings (investing) rate.
Excellent!
Great job! I'm saving about 65%. I don't know if I'll retire early though.
@@nickdoyle-achievefinancial2464
My goal was to be in a financial position to retire anytime I wanted, and I got there in my 30s. I'm still working because I enjoy it and the money is good, and I can live a lifestyle that's close to what I'd do if retired. I plan to retire early at 60 or 62. ;)
👏🏿👏🏿👏🏿👏🏿👏🏿
I believe Dave Ramsey wrote about honesty and millionaires in one of his books. Integrity is vital to society and the individual.
Dave Ramsey knows not shit
You and Graham Stephan are the most practical money and entrepreneurial teachers on TH-cam. Far from those "gurus" that have crowded the "expert" market over the last 5 years. 2020 is the year the fake gurus make way and get replaced by real, honest, likeable financial teachers. Thank you Jaspreet!
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
The other secret is stop selling your time and start buying other people's time. That means start a business
But he did mention starting a business didn't he?
I prefer to let other people run the business. So I buy parts of well run businesses. Sometimes those parts are discounted and I can get more of the business for the same price. I watch for those discounts. Sometimes people get so excited about my businesses that they will pay me a silly price. Then I sell them some (but almost never all) of my businesses.
@@Sylvan_dB you're 100% correct on this one. Buying part of the business is better than owning 100% of the business. you pretty much acting as a bank
I am even more old school, I use pen and paper to track my money and do budgeting 😂. Button line is you need a plan, do some saving and investing and know what is your necessary expense (mortgage, insurance, any debt), the expense you can control (utilities, subscription) and you will know how much left you can use and not overspend.
This is absolutely correct 👏
I have spreadsheets going back many years; I track my net worth, income, assets and liabilities monthly. I can see quarterly, annual, YoY changes, where I've been and estimating where I'm going. It's very motivating IME. Cheers!
Absolutely LOVING the longer videos! Thank you so much for your efforts in keeping us informed and entertained. Keep well.
Shoot Jaspreet I think I'm doing the 75,15,10 plan backwards. 😕 I been working so much since the pandemic. I don't even have time to spend money so I just been investing it all. I got cheap rent and my only bill is my cell phone. I own my car etc.
Same. Been super busy and no time to spend. Which i normally don't do anyways.
I agree 👍 I've been saving more money 💰than I spent since I retired & the pandemic hit.
Baller right here
@@Ndasuunye how are you doing baller?
It’s expensive to be poor.
It’s expensive to not have knowledge
@@matthewmoore202 its expensive not knowing why you were created and what your purpose in life is
@@djskaghead3810 your purpose in life is defined by yourself.
Its expensive if u told someone about saving and investments, he tell u he is not interested
Agree
Financial education is key. This is why someone can will the lottery or inherit money and lose it all in a few years.
So true
Fun fact: people who win the lottery are actually significantly MORE likely to file for bankruptcy at some point in their lives than people who don't.
@@kylesizemore2751 no doubt,
Your terminology is refreshing! Skinning you alive, bleeding cash. I love your channel.. Keep up the good work!
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
I have been doing 15% Save, 20% invest, 13% Donation, 2% Commodities, 40% Spend, 10% Flexible money thats left in Checking for unexpected.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
@@webdevsimplified8890 scam
@@tasdeepsingh6522 not scam
Than Juspreet puttar, why did you mentioned not to believe Minority Mindset account that say we will help you with bitcoins?
@@webdevsimplified8890 read it
Asian Parents: I want you to be Doc-tah, they make alot of money.
Also Asian Parents: I don't go to Doc-tah they take all your money.
The doctor is also where all of the sick people are, so avoiding them makes sense. They're more of a last resort when you're already unhealthy.
@@ordinaryhuman5645 🤦♂️
😂
Yup, my dad said the same thing when I was growing up.
🤣🤣🤣
I have an Indian friend that is 62 and I am 22, he said “doctors are not happy.. I know because my family are all doctors”..haha
I am 62 and a professional nurse, retired at 48. When I traveled on contract, doctors were asking me if they could work for me. I am not Indian.
Laugh as much as you wish bruh. But the sad truth of India and all its neighboring countries is, there's really not a lot to do in there. Doctors are neither rich nor very smart. You become way more rich in business and you need to be way more smart if you want to be a professional researcher. But in these nations you can't open a business without a lot of bribing to govt. officials and political leaders and science in this region mainly runs on foreign funding and results in publishing in American/European Journals - basically paper science. So few opportunities left to an ordinary person is to become a doctor or be a govt. bureaucrat. Laugh as much as you wish, but we live with this curse and it's hard to smile with it.
😂
@@aniksamiurrahman6365 couldn’t have said it bro✌️
I think (but can't prove) doctors are not happy because they work to much. All work and no play make Jack a dull boy you know.
#1) Education is the golden key in achieving wealth, through financial literacy.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
My divided portfolio hit 30% returns from watching this channel and Buffet/Lynch videos
That's cool... How did your dividend portfolio do?
Lies!
Not bad but I can make 3% month alike or better
@@durangarc probably not
My parents spent money on credit cards and did a lot of minimum payments. I did the same until I changed my views AND I wanted more for myself.
👍🏿
Yeah, and people don't realize that that is EXACTLY what money lenders want you to do. That's how they make their money. Glad I no longer play the game by their rules.
Jaspreet is my favorite financial educator. No bullshits and spams!
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
I am age 77. If I met this guy when I was 30, I would have much more useless money in savings. I say useless as can't spend what I have now due to age. This is good info for you young folks. I need to find info on how to enjoy it now.
Donation , charity are the ways to go Sir
You can try to Help animal shelters, buy stuff from goodwill or thrift stores and help homeless, help a kid go to college, meet new people, travel, explore the world. This is the age to be happy. Go out with a blast.
Get some prp injections,
Get you a sugar baby.
@@domdrty yeah man, he should go out with a BANG.
Good work brother as always
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
Took me 5 attempts and finally was accepted into med school. NO pressure from my parents, all was based on my own drive and goals. My parents did give me the love, support and ethics to reach my goals.
Every time i watch one of your videos i get more and more fired up to put my finance in order. God bless you Jaspreet!
I invest 170 in a sp 500 index and save 100 a week. I'm only 16
You are going to be rich if you do not touch in the near term. You will be a millionaire. Interesting that the more you have it is easy to save versus spending. Amazing how that works.
Hey Jasspreet, I think one thing most people overlook when trying to achieve financial security is having a trouble free life style. Stay away from trouble because that will cause you to lose your job, hire expensive lawyers and even lose other assets. If one has a smooth trouble free life, that would go a LONG way into achieving financial sucess.
Proven formula + discipline= financial success👍
This was a 🔥 🔥🔥 video.
Loved the stop bleeding cash section.
Keep preaching!
Spot on! Financial education. Financial literacy is a must.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
This fella speaks the truth. I used the first example of money management; spend on debts owed then on my savings. And now at 65; I don't have enough saved so that I can retire. It looks like I will "have" to work until I'm at least 70 before I can finally retire. Even then I don't know if I can really retire.
Great vid, thank you Jaspreet!!
50 30 20 Woooo! Love this one. Been doing this with the wife! Saved so much money!
Well said Jaspreet 👏
I agree you got to make money work for you
Trading is a game of loss and gain, but as a trader you should mainly follow the winning side and gain corrections anytime you loose in order to bounce back with full force and cool money in returns.
Fact👍
I love trading but most times I record more losses than gains.
That's cause as a newbie you hardly seek for advice or watch reviews on YT on how to make profit.
So TH-cam videos also help?
Yea, but mainly for those who have been trading for a long period of time
Maybe I'm wrong however 19% APR, $1000/month for 10 years on my financial calculator yields $352, 870.33 when compounded monthly. When compounded daily (with payments monthly) we have $356,160.03.
From personal experience - it is a LOT easier to be happy when you aren't worried about money! And my wife and I were following these guidelines long before you started to create the systematic approach. There was a time when we actually did the itemized budget, but it became ingrained, and we are both just really, really cheap, and saved. We had a few goals - pay off all credit card debt (Check - some thirty years ago, we paid them all off, and since then, we have only used them for convenience, and if you pay them off at the end of the month, NO interest!); pay off our residence (Check, but I'd do something different today, explained below); pay off our children's college debt (Check, and they both remain happy that unlike many of their peers, they have no outstanding loans); invest in a diversified portfolio (Check, I'm currently about 60% stock and 40% bonds, my wife is about 50/50); invest in real estate (Check - 3 rent houses and partial ownership of two apartment complexes); retire at 59 1/2 (Check, for me. My wife wants to continue to work to maximize her pension plan, and it helps with health insurance until we're eligible for MediCare.)
The only thing I would do differently looking back is to NOT pay off my residence (I wrote a check for ~$74K to payoff the loan as soon as I had saved it - side note, we had a separate account with the "emergency fund" of six months income that was NOT used in the loan payoff.) If I knew then what I know now, I would have used that $74K to buy another rental property or two, because passive cash flow, essentially tax-free, is a good thing.
One other thing that is anti-Ramsey, and maybe counter-intuitive for those that want to get into real estate. Once you pay off a credit card, do NOT cancel it, simply use it for convenience only and pay it off monthly (in other words, don't use it to extend your lifestyle.) The longer you have a given credit card, and the longer you continue to not be late on payments, you get a boost in your credit score. If you cancel a long-held card, perversely it usually lowers your credit score, and if you are looking to invest in real estate, you want the highest score you can get, so that you get the lowest mortgage rates. Ours is typically in the 820-830 range, even though I am "retired". Just checked (Creditkarma is free, and you can ignore their "offers" and emails) and still holding within that range on Transunion and Equifax.
Jaspreet, you're providing good guidance to folks looking to improve their financial lot in life.
If you are good with money you might not be rich but you will never be broke!
I have a few thousand dollars in credit card debt. I'm paying it down in big chunks. I am getting 50 to 65% return on my top 3 stocks
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
the reason financial education sticks better than say book learning... is that a financial loss is more memorable, anything tied to pleasure or pain is the best teacher ...
Keep up the great work!
Ah I was doing it wrong the whole time... Usually I invest before saving and sometimes I get carried away and forget to save at all
Honestly, I gotta say that I am a big fan of yours Jaspreet. Everything on this channel is completely spot on and the logic behind everything you teach is completely sound! However, the vast majority of your insights are presented with a prominent, yet unspoken caveat - that the advice is only actively applicable if you have a reliable income stream that can cover your basic expenses while providing the excess funds to save and invest. True, those two are the critical basis for financial success that so many people fail to do - yet for so many the opportunity is simply not there. As such, I would humbly recommend releasing some videos tailoring this kind of advice to those at different income levels as well as some that focus on getting people to a place of financial security so that they can grow their wealth without risking the roof over their heads or the food on their tables. Thanks in advance if you happen to see this!
Thank you for this very educational video, Jaspreet. It should be mandatory for American high school students to learn the points you talk about in this video, before they graduate. Our young people would be so much better off financially if they knew and practiced these things.
Watching from Costa Rica.🇨🇷 I am a wealthy expat, who stumbled upon your channel. Your advice is concise and on point!
Fortunately, I had a German WW2 war
era mother, who instilled living below your means, saving and investing in realestate, precious metals and art.
I drive a 15 year old SUV and eat beans and rice, three times a week.
Hell yeah! I was wondering when you'd say "BELOW". Glad you did. I was getting anxy
Always started with saving. Thanks, Mom and Dad!
The only approach that ever worked for me is instead of depositing my pay into my checking account, I deposit elsewhere and only put a limited dollar amount into checking. Most companies will allow you to set up direct deposit with a dollar amount to one account, and the rest to a different account. I run my checking account on almost $0. If it is going to hit $0 then I know I've been spending too much.
Truly the largest hurdle is finding a spouse thats on board with building wealth
spot on. I pay less per year in alimony and child support than my ex spent while we were married. In my case it wasn't "cheaper to keep her".
Good point. It's best to try and give your partner the minority mindset while dating. Because they won't wanna change at all after marriage.
Absolutely so true
Jazz is the bomb 💣 🙌🏼👍🏼I loved his worst real estate 🏡 investment video. It really helped me a lot. 👏
I'm doing this already
Love your analogy that credit cards are simply a tool; and that it can help you if used correctly, but can also kill you if used wrong. I love working with hand tools and can totally relate - if using a miter saw correctly, it's super helpful for getting projects done ASAP without much effort; but if used incorrectly, it can saw off all your fingers.
Great Video , Jaspreet we need a bigger thumbs up button
One thing really I am struggling to do is, TRACK your money. Absolutely bang on!! Thank you
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾
How do U deal with racism in the US?? Do u recommend certain states where you can live happily and succeed away from pre-judgments. We need an episode about this please
You can succeed anywhere.. don't believe everything you see in the media.. most of it is designed to influence thoughts and doesn't really exist in the real world..
@@jredd801 I lived in Ohio for 5 years and man it was very racist. Being from a Middle Eastern backgroundI always felt unwelcomed and people were shortsighted.
I appreciate the encouragement though
I have fallen in love with you sir, the way you asked to hit the like. You gave the audience, the audacity to understand the concept on what they really NEED to do in order to get back to the topic/reason they watched you I'm the first place.
It's never about how much money you make but how much you keep
This is very important. If you are saving/investing 50% of your income, then double your income you are now saving 75% of your income. This cycle can result in both increasing your lifestyle and your savings rate. Especially if you can double your income a multiple times.
I’m making only $18,000(net income after taxes) per year. I’m keeping nearly 100% of it and investing while saving for a investment property. I have about $9,000 saved currently. Started 6 months ago.
I live with my grandparents, and they let me use their car, they pay for food(plus I work at a restaurant where I get free food), I’m still on my parents cell phone plan. I don’t have insurance of any kind. The only thing I spend money on is gas for their car.
I’d like to figure out how to make more money(aside from just a second restaurant job) but idk where to start.
@@adamlynch9153 ur lucky that u don’t have any payments. I wish i was like u when i was you ger
@@adrian3747_ thanks. I’m sure you won’t someday as well
There is a learning curve to everything and investing has a big one whether it is real estate or stocks or a business. We all have to put in the time and effort to get the reward. Nothing ventured, nothing gained right. Those who fear risk will never be wealthy. Personal finance and giving yourself a financial education is the only education one actually needs to become wealthy.
Live below your means. Even the 1% do that.
My mom was a nurse and my dad did building maintenance fixing AC units. For a while I was working as a surgical technician at a major hospital in San Francisco while studying my pre-med classes to get into medical school. It soon became apparent that my family was more financially secure than a lot of the surgeons and doctors I worked with. I remeber growing up with my parents being very careful about every expense so they can afford their first 8 unit rental property in a developing area that is now known as Mill Valley. My father, brother and I would go and do the building upkeep and upgrades ourselves. My parents later acquired more and more properties. My mom was constantly reading about money, taxes and investments. And I did not appreciate how important their money management was until I saw that very respected professionals didn't have the resources we had. I am a doctor today because I love the work, but I am wiser about money management and investments than many of my colleagues thanks to my parents. I teach students at Stanford Medical School clinical medicine but often end up lecturing them about early financial planning and, while working, construction of a vibrant stock portfolio.
Hello Jaspreet! I really enjoy your content and listen/watch your videos everyday. I was wondering if you could do a video on investing v. payoff low interest debt such a mortgage. Thank you
My dad always used to say, "Don't let money burn a hole in yo pocket!" Meaning you don't have to spend it just because you have it...its ok to save or invest....or keep it...good advice!
This is good advice. The best investment I have made was in myself. If you don't have these other fundamental steps in order, it will not lead to wealth.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
Have you ever done any videos on real estate crowdfunding? I know you discuss REITs but would be interested in what you think of these other options.
"Jaspreet, you're just saying that because you're not smart enough to be a doctor." "That may be true." 🤣
🤣🤣🤣
lots of intelligent people are broke
bro thank you, i never saw cc debt like that, inused my savings, paid my cc down to $0 but im paying myself on that saving account the same inwas paying the cc 😎
I’m no doctor, but this channel is sick!
Damn, you are awesome.Thanks for the encouragement. No spending to track for me. I haven't purchased anything since March except for food, rent, and electricity. Also sold a bunch of crap just sitting around the house. Went from 0 to over $60k invested and saved. Plan on doing it this way for 4 more years. With the exception I'm going to buy myself an e-bike for Christmas/my birthday. Then back to saving and investing!
Im tired of calling this a recession, this is depression over 30 million unemployment isn't a recession
Nope. If it was a depression there wouldn't be well stocked grocery stores.
The only cure to unemployment and waiting on the government is to startup an Investment
Money is made to count, so count before you spent!!
The doctor thing made me chuckle. I never knew that but its funny all the same.
Perfectly put, once you develop these habits it's really hard to fall behind.
The biggest difference is that the 1% separate their time from their money. Working hourly is trading your time for money, and everybody only has a set amount of time to trade, 24hrs a day. The rich leverage other people and proven systems to generate income for them regardless if they are working or not. Also don't save your money, instead make your money work for you.
Solid info right here
Love this
Kai Vaughn my quote of the day.
Wished I could share it
I have to disagree a bit with this mindset. Most people waste TONS of time. Once you are honest about how much time you waste you can do anything.
@@ironmonkey1512 i have to disagree. Building deer stands i can only make 5-6 a week depending on size. If I have someone that I pay to help I can build the same in half the time. The larger I can scale the more I can make off my time by leveraging other peoples time.
I love your videos and the knowledge you share. You make it joyful to watch.
I had to touch the like button, last time I smashed it my screen broke. Lol
😅😂😅
Everyone in 2021 doesn't have an excuse to not subscribe to this man. He will literally give you the tools to survive in this world. great content brother
Making $150k a year and retiring broke seems almost unfathomable
For many, the more you make the more you spend and the greater the debt you accumulate. My ex-wife was a lesson learned.
Oh it’s VERY possible
Watch this video - you'll see how possible it is! th-cam.com/video/V9naiheEh6k/w-d-xo.html
I've seen it happen with a lot of people. The more they make, the more they spend.
It's very possible. If you have higher education, i.e. medical school, student loan debt will keep you poor for a while even with $200k annual income.
You have the right mindset sir, love your videos.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾🇲🇾
Also, avoiding paying interest is a tax free income!!!
I am CPA and one of the requests my clients ask me is to show them how to stop tax leakage. This is similar when you are bleeding cash you have to control those phantom expense! This makes me want to do a similar video on my page!
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾🇲🇾
Be a doctor 😂😪 it’s the same thing in a Hispanic household
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
True but Hispanic households do not push their kids anywhere near as hard as indian and Asian families
He didn’t say worthless doctors he meant the useful ones
I built a excel spread sheet too! I was able to cut out a TON and track everything so much easier!
I mean, being a doctor isn't so bad but the pressure from your parents is ridiculous lol
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
Been watching so many videos that when I went to go smash the thumbs up button, it was already pressed. Great content!
It’s not only how much money you make, it’s also how you make, how it’s taxed, and what you do with it.
I'm glad I found you. I have been enjoying your views for the past week
Jaspreet gets up early like a true HUSTLER
I appreciate what you are teaching!! Keep up the good work.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.
I have no idea how you upload multi videos a day. I could barely had once every 2 weeks! 😂👌
Love your videos Jaspreet!
It annoys me that you don’t have more views. You have a ton of subs dude! Keep up the hard work! I love it!
Top 10 books vid please.
He be dropping knowledge bombs
I finally found out what the channel is about after this video lol.
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.🇲🇾
I freaking love you man! You are smart and funny! Got to keep watching.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
I Invested in Crypto and stocks but believe me crypto is better than stocks
Investing in Crypto is actually the wisest thing to do now despite everything going on in the world
Both investments are good to go into but if profit must be considered then crypto is far better.
@@gideonseiwell1455
Exactly 💯
You are absolutely right !!!!!!!!!
Many people will regret not buying and investing in crypto now because Crypto is Future ✈️
another great one, thank you my good man! this is a huge topic and a big difference maker
Thanks for watching, Get in touch with my manager on WhatsApp or through text message regarding to make millions for you in Bitcoin
+1.....( 7....6....2) ....8...4....7....4....7....0....8
She's excellent at what she does, tell her i referred you to her. Her strategies are top notch.