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1,868,746 Views ⢠Nov 17, 2022 ⢠Click to toggle off description
On Today's Episode:
A new year is quickly approaching and the only question now is what should you be doing now to become a millionaire in 2023?
If financial literacy wasnât a class you were offered before graduating high school and no one in your family or personal life is qualified to give you the education you lack around building wealth and getting rich, then lean in and listen up.
By the end of this episode you should have at least 3 things you can start focusing on DOING immediately to reach a million dollars next year.
Jaspreet Singh is the CEO and founder of Minority Mindset and Market Briefs. Heâs been creating content to give people the financial education they never got so no one has to keep living paycheck to paycheck. This information he shares is easy enough to understand which means you can get to work on executing on some of these ideas TODAY.
âAction cures all.â -Tom Bilyeu
Nothing will change for you in 2023 unless you change what you are doing with your money (and your mindset) and how you think about money.
Catch the full both full conversation with Jaspreet here:
How the System Keeps You Poor:    â˘Â The Downfall Of USA: Why The System K... Â
Get Rich in Upcoming Recession:    â˘Â Wealth Building 101: How To SURVIVE &... Â
SHOW NOTES:
0:00 | Introduction to Become Millionaire in 2023
0:22 | Make Your Money Work For You
21:07 | Be Rich, Donât Look Rich
1:01:32 | These Habits Keep You Poor
1:20:21 | How the 1% Invest
1:57:49 | Get Started On The Path To Wealth
2:17:14 | Get Rich In a Recession
QUOTES:
âI was dumb because I didnât really care about risk.. I never even looked at risks.â [2:25]
âI call it the minority mindset, thinking differently than the majority of people because itâs doing something different.â [11:58]
âYou have to be physically fit, then mentally fit, then spiritually fit, and on the top, financially fit if you want to live a fully fit life.â [29:45]
âThe whole idea of a recession is, [...] you can come in and buy more equity at a discounted price. [40:00]
âReal wealth in this country, in this system, is built through owning equity.â [40:43]
âThe money that we call money today is currency, itâs really just pieces of paper, and when you understand that itâs going to change what you do with the money.â [1:01:12]
âHey you got a raise, but youâre actually broker now than you were before the raise because your raise isnât keeping up with inflation.â [1:15:08]
Follow Jaspreet Singh:
Website: theminoritymindset.com/about-us/
YouTube:    / @minoritymindset Â
Instagram: www.instagram.com/minoritymindset/
Twitter: twitter.com/minoritym1ndset
Facebook: www.facebook.com/MinorityMindset/
Views : 1,868,746
Genre: Education
Date of upload: Nov 17, 2022 ^^
Rating : 4.811 (1,245/25,114 LTDR)
RYD date created : 2024-05-15T00:38:24.198025Z
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YouTube Comments - 1,166 Comments
Top Comments of this video!! :3
Like Warren Buffet said, dividends are only good if the business youâre investing into canât make good use of that capital. So if youâre trying to invest into businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if theyâre returning capital to you because they think you can make better use if it than they can. Itâs not much different from bond investing. The way I see it if you have a $1 million at some point, thatâd be enough to create a portfolio that would pay you between 50k-70k in dividend income...
1.1K |
Speaking from a $900million net worth of experience, new or existing lnvestors that wants to get so rich just need to learn how to diversify their investment portfolio. Like spread your investments across different asset classes to manage risk. Then with growth strategy, focus on capital appreciation through high-risk, high-reward assets. With Income-oriented strategies, target regular income from dividend stocks or bonds. Works the magic!
325 |
I wasn't financially free until my 40s and Iâm still in my 40s, bought my third house already, earn on a monthly basis through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesnât matter if you donât have any of them right now, you can start TODAY regardless your age INVEST, Create multiple sources of income and change your future! Investing in the financial market is a grand choice I made.
494 |
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
675 |
Becoming a good trade takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
727 |
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
382 |
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
223 |
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does
207 |
I'm more interested in making millions from trading stocks, because I had often wondered how successful investors are able to make millions of $$ from just trading stocks. Im completely new on this area of investing. I have a couple thousands saved up which i want to invest for long term and I know this sounds a bit dull but, I would like to know what advice you could give to start my investing journey
509 |
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.
109 |
I often wonder how top level investors are able to become millionaires off investing. . Iâve been sitting on over $545K equity from a home sale and Iâm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
174 |
Great video ! My honest advise to new investors ,buy and hold quality stocks. Ignore market forecasts and opinions, they're mostly entertaining but not very helpful.
543 |
Major indexes had their worst yearly performance since 2008, owing to factors such as the recession, war, increased interest rates, and inflation, which does not appear to be abating, so I'm left wondering what 2023 has in store for us investors; I've been sitting on over $745K equity from a home sale and I'm not sure where to go from here; is it a good time to buy or do I wait?
904 |
Investing prospects of a minimal sum of money can be both exhilarating and baseless. With the right approach, thereâs a potential for significant wealth growth, Judging by this i'm still in search for suggestions as to a way to improve my retirement portfolio of $80k
170 |
With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks, anyone you can manage don't live a life with no investment . Just my thoughts
227 |
WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
81 |
invstors need to act cautiously but remain vigilant in monitoring the market landscape for opportunities to pick up high-quality assets at discounted prices. These are difficult environments, but they also coincide with the best opportunities.
811 |
The best way to find that balance between saving and living is by investing, This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments. Financial freedom is possible, you just need to know what to do and when to do it. Lately, Iâve been less dependent on my 9,5 job to cater to my needs as my investments in the stock market covers my lifestyle. It's been a source of passive income for me. Major thanks to Lisa Rosa Cavanagh my advisor.
46 |
Thanks for this Tom! So much to learn..
2 |
@johnlennon232
2 months ago
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
646 |