Jaspreet Singh, the Minority Mindset, is an attorney, investor, and CEO of Market Briefs. If you go in and you start to become an influencer on instagram, we try to build an audience on instagram or youtube or whatever and he just do what everybody else does. Jaspreet Singh: His achievement stems from the ascension of diligent labor. Socks are making money. I was like I've tried a bunch of different business ideas. And the best way for me to describe that was when I was in eighth grade, I was struggling with English in middle school because English was my second language. He's also an anesthesiologist. So, I went from just try and business to business because that's how I learned. I can help build up a neighborhood, rent the property out. Jaspreet Singh: Can you please start a blog? I'm like, Well, English is my second language. The government doesn't have that incentive of trying to become profitable because they're not a for-profit entity. Dr. Jim Dahle: The number one liability for millennials are student loans. That means now your salary that you're earning is not worth as much. My uncle is telling me, Jaspreet, have you lost your mind? And after that, they tied him up on a horse and that was it. Jaspreet Singh: Society teaches you these lies just to make you just keep blindly following the system. And money was taboo when I was growing up. Don't spend money on dumb things when you cannot afford it. It's very consistent with your philosophy on money all the way through. It's very risky. It was raining that day. You go cash in that check and you take pictures of it and you can go impress your friends. Anybody can start a youtube channel. What advice do you have for them? David: As you were going through acting school and think back, if you could go back to one or two things specifically, what were they? Its just unbelievable. 3/3/2023 11:51 AM. And then theres the big question: is it right for you? The United States government has almost $29 trillion worth of national debt right now. Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. And you're probably going to see your tax bill go up. Inflation is a hidden tax. I revitalize them. I shadowed doctors. Because there are things that you can do now as a high-income earner to earn more income without you physically working, because there's going to be a day where you can't go into the hospital, can't go into the clinic to work. Dr. Jim Dahle: And that was really interesting because Id never done anything like that before. 2023 - The White Coat Investor Investing & Personal Finance for Doctors. You can find my contact information here. You can check us out on social media as Minority Mindset. For more locum tenens information, locumstory.com is your final destination. But you could see some people that would be really creative and do different things. And every single day, your dollars are losing value to inflation. We grew from just holding parties to doing parties every week. And the risk there is if our dollars were ever challenged as the world's reserve currency, then people will start to question what it is that they're working for. Singh recently . But that was all a lie. mvp acronym jokesrecent killing in grenada 2019. june's journey joining a club; what happened to shane on heartland; jacks urban eats menu calories; trinidad express death notices 2021 Now the government doesn't have enough money to pay for their expenses as it is. And now I'm just throwing it all the way, all the sacrifices that my parents had made, all the sacrifices that my grandparents had made because our grandparents lived with us. My dad, your host, Dr. Dahle, is a practicing emergency physician, blogger, author, and podcaster. This is the White Coat Investor podcast where we help those who wear the white coat get a fair shake on Wall Street. And a lot of the things that I talk about are things that I have seen or things that I have gone through. Lesson 2 - Protect Your Assets: Estate planning, how to use legal tax shields, and asset protection strategies. As the champion, you will receive a Lifetime WCI T-shirt and, if you send us a picture of your class with the book, a WCI Yeti Tumbler. Jaspreet Singh: I'd be happy. I really enjoyed talking with Jaspreet and I hope you enjoyed that interview as well. And that was my first experience with any sort of real financial education, any real passive income, because now I had an asset that was paying me $600 a month in rental income. Toward the end of my college career, I knew I was not going to medical school and that I wanted to be an entrepreneur. Yeah, we'll get into that. Also available on Audible! The United States tax law has legal tax loopholes, which give certain types of income tax breaks over other types of income. Its the mindset of thinking different than the majority of people. You'll be wealthy. Naked Brands prize on-going communication with fans and customers. What's up everybody? Yes, that's correct. So that's exactly what I did. I could either become a doctor or I could be a failure. His parents are immigrants from . Many people ask about the amount of money Jaspreet Singh makes from Instagram. Jaspreet Singh: What do you see in terms of what is the best Youtubers have in common? Why did I want to become a doctor? Well, I knew I wanted to do it to make my parents happy. Jaspreet Singh: What started as a YouTube Channel dedicated to simplifying financial health and educational content has turned into a movement. Then I went to college. So, on one hand, they keep talking about how student loans are a major problem. Which meant I could run my businesses full-time. All of his family and community believed that the key to a happy, successful, and wealthy life was to become a doctor. I didn't have any entrepreneurial friends that had made it that could say, Hey, Jaspreet, its going to be OK,' because I didn't know anybody who did that. And then when I find a good undervalued company, Ill buy it. Dr. Jim Dahle: The Fed wants to see more inflation to make that debt pay down possible. Jaspreet Singh is an award-winning author based in Calgary. I thought that everybody goes to college to study and spend Friday nights in the chemistry lab doing reactions. It's got a book from all of the keynote speakers. Student loans are what's funding the government's operations. Now it sucks for doctors. And it is all about FIRE Financial Independence and Retiring Early. I kind of had two lives, The Academic Jaspreet and then The Non-academic Entrepreneur Jaspreet. And it's unfortunate because of the United States tax code. Well, the original title for that video, we actually just changed that recently was You are guaranteed to go broke if you do this. He has worked hard to get where he is today and has dedicated his career to helping people build their wealth. And now we've grown it to something a whole lot bigger. And its interesting because its a byproduct of the way that media is changing, which I think that almost all of this goes back to. I went on mission trips to help prepare myself, to get ready to go to medical school. They can't afford to do that. I was already running my own business. Its a growing business, we have a whole bunch of potential things, although the patent fell through. And it did really well, but that was actually the reason why I created Minority Mindset because when I launched that water resisting sock company, I was scammed by a fake marketing company. The test that you take towards the end of your college career. And now I have this conflicting war going on in my brain, where if I'm trying to maximize my revenue by seeing as many patients as possible, I'm not going to necessarily be able to provide the best value possible to each patient if I'm trying to extract as much money as I can. It creates a whole new dimension that, like you were saying, that kind of the fourth dimension, because were breaking that wall between the screen and the viewer. Year: Net Worth: 2019: $4 Million : 2020: $4.5 Million: 2021: 5 Million: 2022: 5.5 Million: Family And Early Life In the United States, Minority Mindset Jaspreet Singh was born and raised. Thanks for coming on the podcast with us. Financial Wellness and Burnout Prevention for Medical Professionals, Having an Entrepreneurial Mindset and Finding Your Passion, Don't Let Your Money Habits Keep You Poor, How to Reduce Your Investment Taxes - Podcast #237, What Are Meme Stocks and Why You Should Avoid Them, Finding Financial Role Models in the Black and Brown Communities, The Finances of Professional Cyclists - Podcast #244, Physician Entrepreneurism and Venture Capital with Dr. John Shufeldt, 2021 Financial Book Reviews - Podcast #238, An Interview with Coach Carson About Investing in Real Estate - Podcast #65, An Interview with Physician on Fire and Passive Income MD - Podcast #90, 10 Things That Rich Doctor Across the Hall Isn't Telling You, Using Social Media to Promote Financial Literacy, https://www.advisorperspectives.com/dshort/commentaries/2021/09/27/the-feds-financial-accounts-what-are-uncle-sams-largest-assets. I was just the worst. Then I went from business to business, to business, to business, trying just a whole bunch of things. So, it's a highly risky way to invest. So I had my own ways of doing it. Because the only reason why our dollars have value is because the government says they have value. And it was hard because I kept hearing that everywhere I looked. Look, you have one life to live. That way you can make smarter decisions with your money. Because there are things that you can do now as a high-income earner to earn more income without you physically working, because there's going to be a day where you can't go into the hospital, can't go into the clinic to work. In fact, the Rona is doing great. His rise to the status of one of the world's wealthiest people is a direct result of this success. Hes not a licensed accountant, attorney or financial advisor. I don't have any investments. You are never going to be able to become rich and financially free through just spending less money. I like it because I'm an entrepreneur. But when I say minority, I don't mean a racial minority. Because anytime they talk about raising tax rates, I joke around about this with my family, but the people that get screwed over the hardest are doctors. Welcome back to the podcast. Jaspreet Singh , Founder, Minority Mindset & CEO, Market Briefs Headshot of Jaspreet Singh Jaspreet Singh The Minority Mindset & CEO, Market Br. And clearly, I did not become a doctor. Jaspreet Singh: It's the mindset of thinking differently than the majority of people. I grabbed my backpack and was running to class. This is about wealth protection & giving back. Guess what? If we just look at it from a business standpoint, a fat company is a company that has a lot of unnecessary layers of administration. But the cost of things are not going to stay the same in three years. Final question. I think it's great if you spend money on dumb things, but you have to be able to afford it first. Jaspreet Singh: But I started developing that Minority Mindset where I was like How about I take my teen party business that I was doing in high school and bring it to college?. Hope I don't sound too nasally today. There is a new tax bill in Congress. Well go on this journey together you and me. Absolutely. Why? If youre willing to put in the work. And then I invest and I own commodities like physical gold, because that is real money. There was no money in it yet, but I liked it. Why did we do certain things? I never had any sort of formal business experience. I saw the meaning of really saving, saving, saving. Socks are making money. They gave me a 100% money back guarantee. Singh's autobiographical essay "My Mother, My Translator" published online by GRANTA is an . Dr. Jim Dahle: That way you can get paid. I hope the class action lawsuit sticks, especially Graham Stephan, Andrei Jikh, Jaspreet Singh (minority mindset), Kevin . I had done the volunteering. You can check out our website theminoritymindset.com. And our YouTube channel was growing. Jaspreet Singh: But Minority Mindset is my passion. It just didn't sit right. I never said it was everything, but it plays a part in your life and you have to understand money. So, that's why we want to see more inflation. Jaspreet Singh is the creator of The Minority Mindset. I said, You're telling me I can get paid for this?' But the reality is people are driven by emotions. But now I'm leaving college and it's like, This is not what I want to do. It doesn't bother me. I love giving back. I started off in the entertainment business. And it's unfortunate because of the United States tax code I am an attorney. Second, it's so hard because you keep getting screwed over because I didn't have any sort of guidance. I just didn't know how yet. I was never told to think about this type of stuff, because all I had to do was become a doctor and everything was going to magically be okay. But what's interesting is you have to ask why. Jaspreet Singh: I launched that product, and it did really well. The whole idea is we are taught certain things about money. The interviews will all be public and will live right here on my website. And then when you talk about whether it's welfare or teacher's paychecks or whatever it is, a teeny tiny, little fraction of your dollar will ever make it there, if that. I've got a bit of a cold. Hopefully, these future spikes that we're likely to see are smaller and smaller as they go on. And like a lot of Indian immigrants, my parents actually wanted me to become successful. And now I create consistent predictable cash flow and it comes with legal tax breaks. I like it because I'm an entrepreneur. Jaspreet Singh: Jaspreet Singh: Our estimate may be low though. That social validation is such a big factor in our lives and it affects people's finances. Intro: The whole idea being you had to think differently than the majority of people. And in 20 years, you're going to be doing the same thing right now. David: You bought your first property during the financial crisis when you were 19 years old, if you could just walk through that story. And so, your $100,000 today can buy more than what it can in three years. Dr. Jim Dahle: That way you can be the person that is rich.. Watch the full ep. I'm not trying to get into politics, but it has a lot of fat in there. And eventually if you keep doing it, that audience will gravitate towards you and theyll want to watch your type of content when it comes. I've gone through so many problems. Every tax dollar they pay gets funneled through the politicians and the government. So, if we have more inflation, that means that the government can now pay back this $29 trillion worth of debt with cheaper dollars. I worked with textile manufacturers, with manufacturers to create this water-resistant sock. I had calls coming in from my uncle. They gave me a 100% money back guarantee. Cryptocurrency is the people's movement of money from the bottom up, unlike our dollars, which are controlled by a central authority, the Fed Reserve bank. Jaspreet pursued a Bachelor of Technology in Computer Science (2007-2011) at Guru Nanak Dev University, Amritsar. I was just upset. ' You're still only living off 75%, and you have the same percentage, but it's so much bigger. Dr. Jim Dahle: And if you can afford dumb things then hey, be my guest, you earned it.. I do have some experience in this event planning business. I was always raised with that mentality of frugalness and not being wasteful because my family in India didn't have a lot. We're on a journey where I never would have expected that because that wasn't what I tried to do. But that's how it started. It can't stretch as far. Jaspreet Singh: Jaspreet Singh: And slowly that started to grow. And then I was like, I haven't created something. Where do you get your inspiration from and what sorts of things have you done to become a better Youtuber? But there is a right way and a wrong way to save. I didn't know what that meant. People encouraged me to start a social media page. And the Academic Jaspreet was the person that was home on weekends to show, yes, I'm trying to go and achieve these things in school because that's what everyone thought that you needed to do in order to become successful. Look, I love giving back. It seeped through my shoe. Easy. Then I got to college and I saw everybody was partying and blowing money they didn't have. And this is Peter Kim. Week 5: Be Great. So you introduce yourself and then say Im here for the job attribute. It's not the amount of money you pay for a regular skin or a regular whatever. The Federal Reserve bank is going to keep printing money because that's what they do. Here's your host, Dr. Jim Dahle. I had gone through so many hurdles in business. Tell us about that conversation when you broke it to your parents you weren't going to go to medical school. And so then after that, our dollars are no longer backed by gold after 1971. We change it sometimes. Trying to get more people trying to increase the relationships that you do have. Jaspreet Singh: whitecoatinvestor.com/champion. He's back on the show to share his thoughts about the current economic situation and help educate people on their best . Today we'll be reading docs in shocks. And now Minority Mindset is one of the fastest growing financial education and media companies on the internet. Minority Mindset is a YouTube channel run by Jaspreet Singh in the financial space. Minority Mindset. I love coming up with product ideas. And when I say that my parents wanted me to be a doctor, it wasn't just a recommendation or something they suggested. As I started to ask why, why, why, I started to learn a lot of things that make you question the system. Jaspreet Singh likely has additional revenue sources. I have a lot of trust issues with the government and the Fed now. Yeah. Jaspreet Singh: And it's obviously a bit of a play on words with multiple meetings. The majority of people hate their jobs. Let's talk about some of the things you teach on your channel. Jaspreet: Its a balance, because in the beginning a lot of our videos were just straight education where it was like a lecture, like going to school and Im a teacher and Im just talking and I wasnt being me. And so, your $100,000 today can buy more than what it can in three years. Now it sucks for doctors. People want some other value. And that's where I started learning more by asking that question of why. Jaspreet Singh: Our most recent review comes from Lollipoploverlulu. I used to speak especially in Detroit public schools. That was when I decided that I would put something out there to help people launch a business and not get screwed over.. What advice do you have for them? And so, thats really what it is. Now I have this business that could grow, that's making good money, but then I shut it down because I don't see myself doing that long-term. So, I can get paid.'. He did his schooling at Sri Guru Harkrishan Public School, Amritsar. He said, I have learned a lot from this podcast. Go study, go become a doctor. He told me I was stupid. Few understand this as well as breakthrough marketer Jaspreet Singh, the mind behind The Minority Mindset YouTube channel and a source of breakthrough marketing strategies. I was in class paying attention and I love learning. And whether you're coming in person or virtually, you got to register by December 1st to get that swag bag. . We were doing shows. (1993) and a Ph.D (1998) in chemical engineering at McGill University. We would like to show you a description here but the site won't allow us. I make a very good salary, but I'm essentially living paycheck to paycheck. Jaspreet Singh: I was just like, oh yeah, I got the job interview or just something kind of plain. The choice was mine. I don't know if it still is, but it used to be. But what's interesting is you got to ask why. Jaspreet Singh aka The Minority Mindset created Market Briefs by recognizing that investors needed a shorthand email about current financial news that was both easy to read and engaging. Right now, the biggest liability for the average millennial are student loans. Jaspreet Singh: It's that growth mindset." - Jaspreet Singh. Dr. Jim Dahle: Some docs are overworked. I studied a lot of tax law. If you're doing something that you hate, it's never too late to change. Don't spend money on dumb things when you don't have the money to afford it. So, it's a highly risky way to invest. And then people would say, Oh my God, dude, I really like your content. This is where my passion was. We got accepted. That's so true. He was like, You're stupid. Where can listeners go if they want to learn more about you and what you are teaching? He is still practicing. Jaspreet Singh: Now I don't like to call it an investment. When I first made that video, I used to guest teach in schools, high schools. Like for example, I feel like a shopify, they have a very cool tool, but they also have a very popular blog on ecommerce, how to sell products. And it's that question of Why? Why are we doing the things that we do? Jaspreet Singh Minority Mindset Net Worth - Phone Number, House Address, Wiki . I gave them a big chunk of our marketing budget. I ran an event planning business and I was making money and I started reading money books. I'm not trying to get into politics, but it has a lot of fat in there. And the way they do that now is by either showing pictures of it on social media or going out and going into debt to buy things that they can't afford. That is when I started to really ask myself, Is this the right thing for me? Why do you think that resonates? So, this is for non-necessities, things that you don't need to survive. Now when people look at that, when they look at Minority Mindset, I think the first thing that comes to mind is racial minorities. We publish blog posts there every day. I was like, Present what? My parents started calling their friends. Jaspreet Singh: This is White Coat Investor podcast number 236 Jaspreet Singh of the Minority Mindset. You start to question the things that we're taught in society. They're all poised to combat inflation. We went to an underserved school here in Detroit. I also invest my money in cryptocurrencies. I can't see myself doing this. Now we cant control it. Well, I knew I wanted to do it to make my parents happy. Even though I had gone through so much schooling, even though I had spent so much money in college, nobody taught me this. But I started developing that Minority Mindset where I was realized I could take my teen party business that I was doing in high school and bring it to college. Harluxsh Singh. These paper dollars are supposed to be a representation of value, but the real representation of value that the dollars provide, it's not backed by anything tangible. Singh worked hard to get where he is and endeavors to help people earn money, save money and make their money work for them. Give people a reason to follow you or, or look at your content instead of somebody elses. We have a couple of other channels that we recently launched. And in this case about becoming a doctor. What if I dont make it work? I invest in stocks in two ways. Dr. Jim Dahle: And they were attacked on the way. It really just depends on what you want to do and theres an audience for everybody. Don't spend money on dumb things when you cannot afford it. Jaspreet Singh: What are you saving? I had done the volunteering. So, you need to plan for that, that way you can start investing in other assets that we have more than one stream of income that isn't just relying on you. The majority of people are broke. It is a core tenant in my religion to give back. The focus of Minority Mindset was all about thinking differently than the majority of people. Let's talk a little bit more about the government. Jaspreet Singh lived in Toronto prior to moving to Calgary. To break away from the majority mindset thinking to now start thinking differently. He said once I was a doctor, I would be financially free. I hope you enjoyed that interview. You won't have to worry about anything else. Then I have an active strategy in the stock market where I look for undervalued companies. Well, if your pay doesn't matter, then tell your boss not to pay you. It used to be. It was an MCAT tutor to get me ready to go to medical school. I was making good money. David: One of my favorite ideas that the best creators are short-term, catchy and long-term sticky. Dr. Jim Dahle: I didn't even know that you could make money off of YouTube. We have the Minority Mindset News channel on YouTube, where we have daily finance business news updates. No one screens their speakers and sponsors better than him. I invest my money in five places. That's if all of a sudden, the people who are sitting on cash, and a lot of people in India were holding a lot of cash because it's more of a cash based society than it is here in the states.
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