How Our Banking System Keeps Americans 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

DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.

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!

[markritacco]

I'm PROUD to be a deadbeat!!! No mortgage and no debt at all. It is really nice to be able to put money in my brokerage account each month.

[gomax]

Proud to be a deadbeat to banks. After working my days off this weekend and seeing people drive brand new cars that they most likely financed, and all the cash back from my credit card courtesy of those who finance their lives.

[IrvingSpyderman]

I'm a deadbeat. With internet banking I often pay off my balance on the same day.

Oh, and I very much appreciate your wisdom, Jaspreet.

[beth]

The CC companies already charge the sellers/businesses.

[njemilenantan]

I went into overdraft many years ago. Not been in overdraft since and monitor what I spend religiously.

[joshuaallen]

I'd rather be debt free than borrow my future for instant gratification. I love your content and keep up the good work, Brother. Deadbeat proud!

[ZeffAU]

I've found this in Australia, because I've never held much debt and paid everything on times not used credit cards much and banks have never wanted to loan my money, my transaction bank refused to give me cc a few times over 20 years. Meanwhile my ex and friends with cc debt, car loans and everything get mortgages, cc roll overs, personal loans whatever they want

[ajinkyapose]

Deadbeat sounds cool, and being one is even cooler! 😎

[abrahamalatorre]

I'm also a deadbeat. I pay off what I charge on the CC as the month goes by, and have to zero by the closing statement date.

[Great_scot_on_yt]

10:59 this I totally see and am experiencing, now 28 Y.O lots of my friends thought I was "Lame" stuck in inertia... When really I was living WELL below my means.

However, in the present. I own my dream car. I own my ideal daily vehicle, too. Whilst I got the licences all complete as sooon as possible (17 car, 19 A2 & A motorcycle licences). When we all got through that unprecedented time (2020) I got re-employment and took out a CC. Paid that off in full near the due date. To build up excellent credit score. Going through the mortgages process rn, with a 40% down payment (through being "lame" since school) working since 13 Y.O

Love this content
👊

[markmurphy]

Awesome advice. It's all about being money smart and consistent

[atlusleonis]

Does YouTube live limit the number of viewers for your workshop? 🤔if done on YouTube, many could watch without registering🤷🏻‍♂️

[joegranger]

Student loans are generally bad investments because the markets are saturated when you get done with school and even if there is work available... it's usually lower wages than you need to survive. I fell victim to the massage therapist school scam early in life.

[summerjoy]

“The system is designed to profit off of people who are not financially educated.”

[njemilenantan]

Oh well although I am in the UK I am a deadbeat too. I have to say I have never been so happy to called such a name👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾.

[JamesMeyer]

The only credit card debt I have is controlled, meaning I pay it off each month so I can enjoy the benefits of having one. I'm a very happy "deadbeat".

[CGwithMike]

Are you gonna repost your live real estate investing video on YouTube later ? I have to work when your going live

[CharleneCong]

Great video, really gets you thinking about the system. One thing I've found super useful is treating your savings account like a monthly bill. Every month, without fail, I "pay" a set amount into my savings, just like I would for rent or utilities. It's a game changer. It forces you to adjust your spending to ensure you always 'pay' your savings first. Over time, it's not just about accumulating cash, but building a habit of financial discipline. It’s a simple yet powerful way to ensure you're consistently saving, not just when you think you have spare cash. Helps a ton to slowly build that nest egg without feeling overwhelmed.

[dragonofparadise]

We can also leave the system to go elsewhere in the case of healthcare, education and housing costs by moving to a new country.