Why You’re Still Poor: 7 Money Lies You Believe

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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!

[xtfsshg]

The money market hasn't been too kind to commoners lately. I feel like I'm not making as much as I could be

[JustinThomas-nh]

*When someone becomes rich, a lot of things change. Lifestyle upgrades, new social circles, and different financial responsibilities are just the beginning.*

[SabrinaaDolph-yy]

I want to start re-distributing my portfolio to some digital currencies and also other stocks with that in mind. I know the second quarter holds a lot of promise. I'm thinking of sharing my portfolio of about 300k over different asset classes. Any recommendations?

[enigmathegrayman]

In 2024 you’ve gotta win, because losing just became a whole lot more expensive….

[accidentalaerialist]

Exactly what I needed to hear this morning. Very middle middle class, have a simple home in a working class neighborhood and a very serviceable 13 year old car. I put away over 1k a month into retirement. Usually I don't mind being 'simple' but this morning, treated myself and my dog to a visit to a bougie coffee shop coffee and pupcup. All those shiny, new SUVs - so want one - I think 'what am I doing wrong'.

I not doing anything wrong 😊 - just needed a reminder ❤

[XCVi_MAC]

Number one reason people are poor is because we normalized debt. Most of you can’t afford the car you’re driving.

[blueb]

These recycled videos are the smartest way to wealth. It's a constant reminder to stay consistent. Keep up the good work.

[tomTom-lbcu]

The story of Ronald Read is good. Janitor investing, living frugally and happily, donating to his favorite places upon his death. Living a very humble life. God bless

[elisadelaney]

This is excellent! I wish I had a resource like this when I was in my 20s! Back then, I did not believe that wealth was possible for me. I had no personal example of it and as a newly divorced mom, I didn’t see how I could save more than the minimum. That was not true, but I believed it was. Thank you. Bravo!

[BondTheOGYT]

Great video glad what you mentioned with thr traingle at 20:01

[markmyjak]

Who here still has their covid money? I do 😊. I took that covid money and bought stocks that pay dividends. I had people tell it was stupid for me to buy stocks. I sleep well every night. And some of the dividends are not taxed. Plus, I get the 199A deduction. That deduction adds to my standard deduction. Lowing my taxes.

[seewaage]

Thanks a lot Jaspreet for your videos. I personally think that the mental game is the most difficult part of wealth.

[jasonlangdon]

Thanks for giving us some much needed education !

[cavannaro]

I think that the most important lesson I learnt, after far too many years, is that wanting to be wealthy doesn’t make you a bad person.
Sounds ridiculous. I grew up in an extremely poor household (no car, no phone, for a long time no tv, and quite often no food), and despite getting a well-paid career in adulthood, I still believed it was immoral to have a desire to be wealthy.
I don’t know where that attitude came from, but in my 40s, it changed. As I say, a lot later than I wish it had been.

[eionsmith]

This is true . Bad education system, expensive tuition fees.

[mr.tuckers]

This is the most clever and normal financial guy that I have ever listened to on YouTube. Why? Because it’s common sense in simple terms. Thanks Jaspreet!

[corpuzone]

Very nice advice once again!! What if we are able to pay off a car in 2-3 years by adding more towards principle rather than just paying fixed payments?

[kimcho]

Your videos are amazing, I'm glad I stumbled across it! 👏 thank u for the videos

[friendoftim]

To diversify I bought tokenized real estate on Propbase. Now I get rent based on the proportion I own. It’s really easy and quick