Top 5 Reasons Why Most People Are Broke

. Currently, the majority of people are financially broke. The majority of people are living in debt and don't have enough to cover small emergencies. Let's go over why most people are broke.

Why Most Americans Are Broke
0:22 - The majority of people are broke
1:03 - Many people like to put their money on luck and gambling than on growth
2:11 - We are never taught about money
3:31 - People are not investing
5:08 - Most people don’t make a budget and stick to it
6:19 - Americans are spending too much to live the American dream they can’t afford

What Is The Minority Mindset?
The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset.

Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.

Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #FinancialLiteracy

Twitter/Snapchat @M2JaspreetSingh
Personal Instagram: @M2JaspreetSingh

Based in Detroit. #Punjab
Jaspreet Singh

[jjbuckner]

A pet peeve of mine is a lot of my peers and even elders for that matter always think if you have a lot of money that you are all of a sudden greedy and a bad person. This just gives them a reason in their head to make them feel ok that they are poor and going to stay poor.

[spenceranderson]

Stop keeping up with the Joneses and start keeping up with Jaspreet.

[Jstwatching]

Eating out all the time is a big money snatcher.

[darrylstem]

love hearing people complaining they have no money whilst wearing name brand clothes and $200 shoes

[eddie-edd]

Cant lie man since I've started watching these videos my life has turned around I tried showing my friends but they weren't interested which was a sign that I was on the right path and I was right thank you brother god bless🙏

[alicecoppers]

Self discipline is far more important than IQ

[alexmontoya]

I just recently paid off my credit card, never been so relieved to be broke

[kjduff]

Personal finance was not required in my high school. I took it just because it fit my schedule and it was the most useful class I ever took....
I am now a finance major

[WealthbuilderzTV]

$70 billion on lotto tickets? 5 states only teaching Financial education? These statistics are crazy.... oh and keep hustling!!

[sparshrastogi]

People are broke because they keep buying things they don’t need with money they don’t have to impress people they don’t like. For me #1 factor is lack of education on this topic and general lack of accountability.

[payamyazdi]

actually saving money is not that hard just you gotta fight you desire to buy stuffs constantly

[SageIceDragonX]

This brokenness comes from the "I need this" factor. You don't need a video game or a 100, 000 dollar car. This is why you'll are broke crying that life is hard.

[cha-jjeannette]

Lottery is the biggest scam out there . Warren Buffet nailed it with that saying if you don't make money while you sleep you'll work for the rest of your life . You're the man Jaspreet keep the good videos coming brother .

[threedots]

I'm a 13 year old and already investing.

[jeraldkonkel]

Some people are buying cigarettes and alcohol and recreational drugs on a daily basis. That's a very common reason why some are constantly broke

[bryanbroacosta]

Indeed we are the minority, the ones who think different, value freedom, and the most hated in society

[pierrew]

Peer pressure make us lose money like going out with friend but are afraid to tell them do you cannot affrord to going out then regret it when you receive the bill🙄

[enigmathegrayman]

Man, I don’t wanna be like most people. Even if I never become rich I don’t wanna be broke or buying lottery tickets as my last hope!

[MichaelJayValueInvesting]

Our (American) society praises spending and most never think about investing.

Around bonus time people will ask each other what they are going to spend it on. When asked, I say I am going to save and invest it.

Usually get some funny looks after that.

[jstaekwondo]

$70 Billion ?!?! I need to start a lottery ticket business then lol