Do THIS When You Save $10,000

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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!

[galeru]

I think I outgrew Jaspreet's content a long time ago. But I watch his videos anyway as refreshers to ground myself.

[owggarage]

Jaspreet, thank you so much! I took my first 10K and did what you suggested. I paid off my high interest debt. I then took the money I was using to pay those debts and invested in a low fee S&P 500 ETF.
I went from 10K in debt to having 10K plus in my brokerage account! It took discipline, but the financial stress is much lower!
Thank you!

[alancadorette]

My own personal rule for credit card debt is pay it off every month

[strongriver]

Always appreciate your videos. Your attention to detail and the basics are so helpful.

[jaygold]

Don’t ever lock your money up in a CD.

[jstar]

I would actually put it in an IRA account so you can then invest in a good stock or index fund because you can cash out if it goes up real fast and let it sit in cash reserves in that same IRA account and you don't pay taxes because its still in an IRA. Once the stock drops after that high you can buy back in and get more stocks and you paid zero taxes, You only pay taxes once you cash out of the IRA. Of course you would only do this with money you won't need any time soon. That is called investing. if you need it soon then your not in a position to invest at this time.

[stevenpapanicolas]

Thank you Jaspreete. You've been a big part of my inspiration and motivation for investing. I bought my first rental property in full one year ago and from s&p @3900 I've been buying dips and also simple dollar cost averaging.
Thank you again Jaspreete.

[sethlira]

It's kinda ironic how we can't get job numbers and inflation numbers right...but we can nail the average CC debt spot on!

[anatolykhalizev]

You are saying there are people who actually paying those 25% apr?

[abija]

I really learn a lot from you 💯 please keep the videos coming

[richhands]

My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[shavonneo]

But Jaspreet, would you pay off that $8600? Or would you pay them $5000 and another card $3000, and a third card $2000. All that way all three would have a lower balance. Which one is better to do?

[cesarromero]

When you save $10k I say you should invest it into a Time Share in Cancun.

[ArquelCudia_xAMTCx]

Why not invest the $10k into Roth IRA account or Emergency fund account? They both got better interest.

[jimrobinson]

You are giving CD'S a bit of a black eye. My Credit union will only fine you for early withdrawal be taking away accrued interest (or what interest is about to be added to the balance). The balance and what interest that was added already is safe. This is not safe from inflation though!

[chriss]

When you save 10k start buying extra guac.

[JDMSwervo]

I have to save $10k first which is kinda hard

[raywill]

Whenever I watch a monetized channel, I always stop the video on the first ad played and go watch something else

These YouTubers are too f'n greedy placing an ad 2 1/2 minutes into the video
The big boys ( NBC, ABC, CBS) don't even do that

Maybe they'll learn when their watch hours decline

[JBd]

Lose it in the stock market
👌🏻👌🏻👌🏻
Pelosi needs a new island