It is something you definitely want to get if you're going to come to the conference. What do you see in terms of what is the best Youtubers have in common? And we were giving away tens of thousands of dollars. Can you please start a blog?' Because there are so many other layers of fat along the way. I don't care if the price of gold goes up or down, it doesn't matter to me. Since I was a little kid, my parents always told me that if I wanted to become successful, I needed to become a doctor. We grew from just holding parties to doing parties every week. He loves spending time guest speaking in Detroit Public Schools. I went on mission trips to help prepare myself, to get ready to go to medical school. You left money, you left everything that you had, your whole livelihood. David: Yes! Jaspreet Singh: And second, you had to leave everything. You can trust the government and the fed. Some of them would say, Yeah, sure. Jaspreet Singh: What I try to do is just talk about what's going on. The United States government has almost $29 trillion worth of national debt right now. But then I also have this entrepreneurial mindset where I would now ask, Okay. Dr. Jim Dahle: Just that title people want to know what are the money habits that are keeping me poor. She did not believe it. I had calls coming in from my uncle. Jaspreet Singh Minority Mindset Net Worth - Phone Number, House Address, Wiki . And second, I knew that if I go to law school, I can go to law school part-time. I was a part time law student just for fun and then I did night school for acting or like once or twice a week. Society teaches you these lies just to make you just keep blindly following the system. Let's talk about some of the things you teach on your channel. I never had any sort of formal business experience. You have one life to live. Because if we spend all this time with youtube, we all spend more close, really intimate time with these youtubers than we do with our friends, with our family and Im just wondering how you think about the relationships that you have with your audience and how you think about camera shots like that? And our YouTube channel was growing. Minority Mindset is an entrepreneur and personal finance influencer with an estimated net worth of $2 million. I wasn't doing it because I wanted to be a doctor. And I was introduced to him recently at a conference called Fin Con. For example, when I was growing up, I was told that if I wanted to become successful, I needed to do two things, become a doctor so I can earn a big salary, and second, save as much money as possible. He did his schooling at Sri Guru Harkrishan Public School, Amritsar. And it all started just from a simple Instagram page, which grew into a YouTube channel. The real outcomes from . My sock is wet. Social validation is what people are looking for. And so, your $100,000 today can buy more than what it can in three years. $25 per post at a $5/CPM. Market Briefs exists as a separate entity from Minority Mindset. That's how it started off. Well, I knew I wanted to do it to make my parents happy. I didn't do it because I wanted to be a doctor. Yet there I was hosting these club parties. And yet I'm sitting here hosting these club parties. Dr. Jim Dahle: And if you're a doctor and you didn't have half a million dollars to pay for your education, you probably have some student loans too. That I'm crazy. If you want to understand money, whether you want to be an entrepreneur or just have that sort of financial education, you have to be willing to ask the question why' and the majority of people will not. But that was all a lie. That was the one thing that really kept me going was I knew that when I was 65 and I look back, what am I going to ask myself? David: One of my favorite ideas that the best creators are short-term, catchy and long-term sticky. I kind of had two lives, The Academic Jaspreet and then The Non-academic Entrepreneur Jaspreet. I had no idea what I was doing and I ended up putting an offer. And the swag bag is great. I hope we always are worthy of that trust. What should I do?. And I sat down and I was like, Wait, that's kind of a cool idea. Singh's autobiographical essay "My Mother, My Translator" published online by GRANTA is an . It wasn't making any money or anything significant. It's a representation of value as opposed to paper dollars, which is just a piece of paper. It just shows the opportunity now that the internet has brought to people because you can do anything you want and be whatever you want and live your life the way you want. Jaspreet Singh: So, everywhere at Minority Mindset, essentially. And Instagram's a big one for him. So then I called up an agent, started looking at properties kind of long weekends and I found a cheap condo again. I never had any sort of formal business experience. You need to use your money to build your wealth first before you make everybody else around you rich. I do have some experience in this event planning business. (1993) and a Ph.D (1998) in chemical engineering at McGill University. I believe that we are the strongest economy in the world and investing in the stock market gives me exposure to that. There was no money in it yet, but I liked it. You start to question the things that we're ingrained with to believe. This is White Coat Investor podcast number 236 Jaspreet Singh of the Minority Mindset. It is never too deep. There's a clear philosophy running through all of those assets. If you're not aware, we have some network partners. Just that idea resonates with so many people. Thanks for coming on the podcast with us. He prepared all through primary and undergraduate school to go that route. His family moved from India when he was young. Dr. Jim Dahle: I have no problem if you want to spend $100,000 on an engagement ring, it doesn't bother me. You might be asking how you're supposed to go from $40,000 to $400,000, which is a great question! I'm investing in real estate. Which meant I could run my businesses full-time. And so, it's very consistent with your philosophy on money all the way through. So, I decided not to become a doctor because I was doing it because I wanted to become financially successful. I think you will find his story about giving up his family's dream of him becoming a doctor to follow his passions as fascinating and educational as I do. Bust his butt. Dr. Jim Dahle: And this is what made me so angry. Which means if I go to law school part-time, I can run my businesses full-time. Jaspreet Singh: Dr. Jim Dahle: I made a lot of mistakes. Well, if your pay doesn't matter, then tell your boss not to pay you. We'll see you next week on the White Coat Investor podcast. Dr. Jim Dahle: This is something that I own. So, I decided to do something different, go into entrepreneurship, and learn about many other things. I was in class, paying attention, I love learning. The importance of your Mindset. For me, it's just money. Jaspreet Singh: Train up a child in the way he should go: and when he is old, he will not depart from it. Jaspreet saw an opportunity. I had done the volunteering. I was never into partying. I started out there and that kind of developed the whole majority mindset versus minority mindset thinking with a majority people like going to parties. You're not going to like my writing.' And that's when I found out they were a scam. Socks are making money. And in order to now balance this national debt crisis, one of the things that they're doing is they're creating more inflation to pay back this money with cheaper dollars. Straighten out your financial life today! Jaspreet Singh: I told my dad that I want to invest in real estate. This is where you have to get financially educated. Yes, thats a pretty good gig they've got gold with inflation running 5% and borrowing at 2%. And so, I grew up with that understanding of don't be wasteful. I'm an entrepreneur myself. Then in the 80s, my family was in India. Jaspreet Singh: Jaspreet Singh, the Minority Mindset, is an attorney, investor, and CEO of Market Briefs. The easiest way to understand what it means to afford is just to follow my rule of five, which says, if you cannot buy five of them, you cannot afford one of them. And so, that's why I invest in commodities like gold. Jaspreet Singh: And that's what the Minority Mindset is all about. Jaspreet Singh: I then had this conflicting war going on in my brain, where if I was trying to maximize my revenue by seeing as many patients as possible in order to extract as much money as I could, I was not going to necessarily be able to provide the best value possible to each patient. But now I mean theres so much more to selling a product and just having a product to sell. I didn't have any real estate investors in my family. And it's obviously a bit of a play on words with multiple meetings. I knew I was doing things, but I was still kind of not fully certain. Its a growing business, we have a whole bunch of potential things, although the patent fell through. And it's unfortunate because of the United States tax code I am an attorney. But you've said, if you can't buy five, you can't buy one. The easiest way to understand what it means to afford is just to follow my rule of five. So, I was like, This is easy. And it was hard because I kept hearing that everywhere I looked. And you can look this up because I couldn't believe it when I saw that. Jaspreet Singh: They're all poised to combat inflation. You start to question the things that we're ingrained with to believe. I wanted to do it because I thought it would make me successful. Jaspreet Singh: If you are not growing in a way that you want to grow, whether its financially, whether its physically, whether its mentally, or whether its spiritually; get away from it. Actually, I had two options. Then I went to college. I never really had any guidance. I knew that I wanted to be an entrepreneur. What should I do?'. 00:50:22 So, I decided not to become a doctor because I was only doing it because I wanted to become financially successful. Thank you so much for having me. The only thing that my grandfather had was the clothes on his back and a sword in his hand. Jaspreet Singh: Jaspreet Singh: So I told myself I was not going to be a doctor. Jaspreet Singh: We don't have information about this . If you can build wealth yourself, if you can understand how to use your money, you can give back and you can help out in many different ways. But a lot of times, I was there working on other things, too.. We publish blog posts there every day. Dr. Jim Dahle: Dr. Jim Dahle: You have to understand that you can protect your money.. Dr. Jim Dahle: And then during my free time I was reading financial news. If we are going to open up your portfolio, how much of it is in real estate and how much is in stocks or bonds or cryptocurrency or whatever? I wanted to do it because I thought it would make me successful. All I need to do is become a doctor. Where can listeners go if they want to learn more about you and what you are teaching? And every single money book that I read said that wealthy people invest in real estate. And they didn't understand what I was doing, my parents and all of their friends didn't understand what I was doing. So, I went from just try and business to business because that's how I learned. Neither of which are my strengths. So, that's why we want to see more inflation. Many people ask about the amount of money Jaspreet Singh makes from Instagram. That's why we have a national debt crisis like we talked about, because the government is spending more money than they bring in. And the way they do that now is by either showing pictures of it on social media or going out and going into debt to buy things that they can't afford. I never once learned how I could use my money in a way to give me financial freedom. At this point, you'd already had a company really as an undergrad. I love that quote. Jaspreet Singh: Dr. Jim Dahle: We do this by . What kind of lessons aside from You need to become a doctor did you learn from your parents financially? And his YouTube videos are fantastic. There are so many people doing it. I went on mission trips to help prepare myself, to get ready to go to medical school. I also invest my money in cryptocurrencies. Hes not a licensed accountant, attorney or financial advisor. Jaspreet Singh: We have a couple of other channels that we recently launched. Jaspreet Singh: It was just me and a couple of guys who were trying to figure things out that were friends with me. You probably have hundreds of thousands of dollars worth of student loans. I can't see myself doing this. And then that's where everybody says, Oh, don't worry about the pay. Dr. Jim Dahle: And I was like, Present what? You're already working six months out of the year, January through June, just to pay your tax bill. Final question. That is a guaranteed route to being broke because all you're doing is saving. I just had this kind of crazy dream that I want to do something different, but everyone was telling me that I was dumb, that I was crazy. But I think that that sort of begins with our thoughts, our actions, and with the people that we surround ourselves with. There was no money in it yet, but I liked it. I renovate them. Minority Mindset provides videos, articles, and resources on how to make, save and invest money. I had never heard of that. The majority of people are broke. In addition to all the good information I get on this podcast, I am always 100% confident that I can reach out to Jim for questions. If you got $1,000 in the bank account, you can't afford a $1,000 watch. The goal of this episode is to get you to understand what money really is and give you the knowledge you need to change how you're using it in your day to . I didn't have any real estate investors in my family, and I didn't know any real estate investors. Instead, you're paying the highest tax rates, and you also have the least deductions. Because anytime they talk about raising tax rates, I joke around about this with my family, but the people that get screwed over the hardest are doctors. Jaspreet is a first-generation American. By that time, I was making good money in law school.

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