Why Some Get Rich But Most Stay Poor

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What Is The Minority Mindset?
"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh

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Video host: Jaspreet Singh

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DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[MinorityMindset]

WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

[desdecardo]

My favorite thing I've heard you say so far is that an Indian earns $1 to spend $0.75 and an American earns $1 to spend $1.25.

[eeee]

I believe you Jaspreet.. nobady talk about risk but you talk about both risk and regards..

[solascriptura-et]

Much appreciated introductory into “Finance & money management” video, Jaspreet.
You are a gem!

[jimrobinson]

Generational wealth has to be grown and men (and women) have to choose a path of the sacrifice of withholding spending to build wealth. I watched my great aunt, grandmother and mother build wealth to pay for college and pass on to me. Remember when you are flush with cash on pay day, ask yourself can a portion of this money grow to make a brighter future

[ChinithaJohnson]

Your videos are so informative…thank you so much

[Dappertrucker]

Myself I live the old money life style strategy

[TFTO]

One of the best lines in a movie (Ruthless People). Judge Reinhold is a stereo salesmen and this young kid walks in and is awed by this gigantic stereo system, which obviously he cannot afford. He asks 'how much'? His answer from Judges character is, 'that's the best part, if you cant afford it, finance it'.

[rd]

Some get rich but most stay poor because most don't take finance seriously. They don't continue to learn and grow in their financial knowledge and do things that will help them the most, they would rather spend and get entertained regardless of how damaging to their finances it is. This make most of them cash poor and living paycheck to paycheck because they don't even understand the basic definition of assets and think things like their house and car are assets instead of actual productive assets that would grow their wealth but won't be available to spend right away.

[eddieds]

Don't consume more then you produce

[crysthu]

My husband and I keep pushing towards our future, still waiting to hear he dropped my next $1000 this morning. I've already sacrificed for a brand new house mortgage free, I can sacrifice again to change my family's future.

[chqshaitan]

Great video, back to basic concepts, keep up the great work

[johnwakamatsu]

Thank you for making this video and educating people about creating wealth through financial planning.

[briggsrl]

I only watch Camel finance and you these days, maybe one or two others, thanks for all you do!

[jeretso]

Poor because of your large vehicle with oversized rims. Then you trade it in and go bigger. Just ask around so many people refuse to drive a station wagon or minivan. They are too cool for school haha

[arthursmith]

What's your advice for a new in service military person, that plans on eating in the chow hall, wearing only the military clothes, not going out buying cars but walking or riding a bike and not partying or drinking? But thinking about just banking every check outside of small needs?

[tmdrake]

i grew up in florida...we learned allot about money and assets...moved to california...was all spend spend spend, shop till ya drop.

[Mattius]

We need people to be broke keep spending money so i can keeo making money. Its an equilibrium to keep everything equal.

[JackRalp]

I really don't mind buy now pay later when it's interest free. Helped me buy many large purchases interest free when i was using the rest of my spare money investing monthly. Using it as a tool can be really advantageous to reduce large outflows splitting it up monthly with no extra cost.

[Karma-zxqe]

Everybody just thinks about the end result. They don't get taught or think of how they going to get there