STOP Listening To These Money LIES

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STOP Listening To These Money LIES:
0:39 - Everything You Know is Wrong
18:37 - How our Economy ACTUALLY Works
54:27 - If Banks Were Honest
1:06:26 - Stop Giving Away Money

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What Is The Minority Mindset?
It's thinking differently than the majority of people.

Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. We do this by sharing videos, articles and resources on how to make, save and invest money. #RethinkRich

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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.

[A.sidow_fly]

I think for immigrants is remembering the pain of poverty and the frustration of never having enough so you swear to yourself your kids will never go through this

[ZacharyBuhler]

The statistics on immigrants being successful and wealthy is astronomically high. It makes all of us who were born here look lazy. Keep it up man and thanks for another great video.

[patricialipscomb]

Jaspreet is the Minority Mindset King. Keeping us informed and teaching truth about money and investing.

[Delitez]

I receive all of this information! Thank you so much for taking the time to break it all down for us to understand. God Bless you for this & God Bless your channel. Looking forward to grow my wealth and the wealth of all my children for many generations to come!

[natashaibanez]

I'm a financial advisor and I would agreed with you 100%. Each person needs to be financially educated, and not to be over reliant on advices from people/institutions that are incentivised questionably.

[taabishkhanself-improvemen]

*”We overestimate what we can achieve in one year, but underestimate what we can achieve in 10 years, ”*

Love from a small channel💙

[Skriballa]

Thank you Jaspreet... You are one of the only people I find on youtube telling the truth about what's really going on in the economy...( see Harry Dent Sr.)

[amalHope]

I was saving a big portion of my salary for 13 years to buy a home in California. My goal was to pay 50% downpayment . I did not want to be in a big debt when I retie (I'm 56 yo). It turned out my plan was not realistic. Whenever I save 25k, the home prices increase by 100k, 200k, etc. I realize now it's impossible to buy any kind of property in California. Saving is a very bad idea

[AnthonyJ]

Someone taught me to look at money as "Freedom Points". Been treating it like a game since!

[warrenpuckett]

The passive income part only works if the other half does NOT complain loudly about not having this or latest status symbol in the driveway. More square feet to put more stuff in.
My Uncle Jim and his wife understood this.
He had 115, 000 shares of Costco in 1987 and the two of them had the same 1972 & 1974 Pintos in the driveway.
Land was paid for with cash saved up for just the land. 1st.
Then paid cash for the house to be built. The lived in that house with soundly built furnishings. Yep he sidestepped the mortgage payment. Side stepped the furniture payment too.
His wife did NOT have closets full of fashion either. People made fun of them. He laughed at them because they were credit millionaires. He had more than that in his joint checking account.
For 30 years.
Oh and those 115, 000 shares? That was 10% of his investments.
When he turned 50 his full time job was re-investing his money.
So what did he do to get there? He was a machinist.
I on the other hand was never lucky enough to meet a woman like Aunt Jenny.

[thisismyname]

We have what's called a "Value culture disorder". Status, even perceived status, is valued over all things.

[stevenporter]

He should have gone a little deeper when explaining assets vs liabilities, specifically real estate. He said investments real estate is an asset, which is correct, but should have continued that real estate you live in is a liability - it creates no cash flow and tremendous opportunity costs. That fine point many people miss.

[philliplewis]

All Money is Someone's Money. Go get your Money!!! Get Money BUY Income!!!

[Skriballa]

You should make a video on Why cash flow versus credit is important during a recession/ depression?

[ryancarandang]

You and Joshua Fluke are the reasons im starting freelance work as a tutor for STEM. Gotta start somewhere but my hope is that i can soon become profitable so i can leave the rat race before i graduate. Wish me luck people

[CurtHowland]

If not for the restatement of the false "velocity of money" aspect, this is excellent.

[CGAZ]

You make allot of good points in this video. This car company ran my credit then came out and said ohh you can purchase any car you like. lmao ...I said maybe so but doesn't mean I can pay for it.
The housing agent I had bid on a home that I looked at and the price dropped and did not tell me . I found out and she said ohhh well I bid on it, but if you want you can bid on it. I was like wtf !! I got a new agent.

[christophery]

Thank you...Great video! Nice concepts...a lot to learn to make something happen.

[jayl]

Once upon a time, people didn't become poorer by saving money. Perhaps the greatest feature of the modern monetary system is institutionalized inflation and the resulting hidden tax on society. Where interest no longer needs to be earned with the production of additional goods or services. At the source, money is simply wished into existence. And we have no choice but to accept this if we want to be part of the economy and reap its benefits. I just hope for a benevolent government and a considerate elite, who won't squeeze the regular folk to the brink.

[andygerard]

Thanks for the amazing content . This has added to my understanding of money and having more of a growth mindset.