Jaspreet Singh: I'm studying for the MCAT and every day when I'm taking a break, I go to Yahoo Finance and every article is talking about how housing prices are crashing. I believe that we are the strongest economy in the world and investing in the stock market gives me exposure to that. The whole idea being you had to think differently than the majority of people. Why am I spending so much money to learn all this stuff? Let's talk about some of the things you teach on your channel. And WCI con, December 1st is your deadline whitecoatinvestor.com/wcicon22 is where you can register for that. You have so many layers of bureaucracy, which makes the company fat, because now it makes a dollar, but then it just spends a whole bunch of money on a lot of useless things. The Fed wants to see more inflation to make that debt pay down possible. And to really understand how you can build wealth for yourself. By Charles Judd October 17, 2022. It is a core tenet in my religion to give back. I gave them a big chunk of our marketing budget. It's the mindset of thinking different than the majority of people. And you're seeing the same thing there because they live digital lives. The Ideal Passive Income Mindset Blueprint For Beginners FTX lawsuit: YouTubers 'Meet Kevin', Graham Stephan and Minority That is a guaranteed route to being broke because what all you're doing is saving. Minority Mindset Jaspreet Singh Net Worth | Age, Height, Weight, Dating And now Minority Mindset is one of the fastest growing financial education and media companies on the internet. I was 19 years old. I took the MCAT on August 22, and then on August 23, I closed on my first investment property. Jaspreet Singh: doctors, attorneys, professionals. Jan 24. SPI 565: Behind the Minority Mindset Brand and Empire with Jaspreet Singh Well, I need to see as many patients as possible. Register by December 1 to get one of our amazing swag bags! I had calls coming in from my uncle. Those of you watching this on YouTube, I do appreciate it, but I know I'm not the best YouTuber in the world. Thank you, Jim, for all you do. Giving is a part of me, its a part of my religion. Jaspreet Singh: He prepared all through primary and undergraduate school to go that route. All I need to do is become a doctor. It's not how much money you make, its how much money you keep. Im sure the audience was like, okay, this is cool, but you dont want to just stick to it and watch lectures all day. Minority Mindset on LinkedIn: An interview with Jaspreet Singh of We need one from each class to distribute the White Coat Investors Guide for Students to every member of your class. Minority Mindset | LinkedIn Jaspreet Singh: Cryptocurrency is decentralizing money, and there's also a lot of technology behind it, which makes it very powerful because it's revolutionizing the way the internet works. I was investing in real estate. Let me know your thoughts in the comments and all of a sudden youre interacting with me as youre watching, like I might even go and respond to your comment. They can look rich. It's very risky. So its been a blessing, with a really unique beginning. That was the one thing that really kept me going was I knew that when I was 65 and I look back, what am I going to ask myself? He is a first-generation American with an entrepreneurial spirit that is inspiring. I had calls coming in from my uncle. When Im on Youtube I can actually interact with a person whos watching. You have got a fantastic story. I told my parents and my mom nearly had a heart attack. Dr. Jim Dahle: Why did we do certain things? And the reason why I call it that is because you have to really be willing to think differently. I advise. So I talked to my dad, Im thinking about investing in real estate because all these books are talking about it and the new says that real estate is really cheap and my dads like, no, you are not going to invest in real estate. What do you invest in? Jaspreet Singh: 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. I worked with textile manufacturers, with manufacturers to create this water-resistant sock. To break away from the majority mindset thinking to now start thinking differently. Awesome. I never said it was everything, but it plays a part in your life and you have to understand money. Why am I spending so much money to learn all this stuff? Minority Mindset, LLC is a Domestic Limited Liability Company located in Northville , Michigan. The Market Insiders app will give you access to live calls multiple times a month where you can apply your financial education to what's happening in the economy. It was raining that day. People want some other value. I didn't have any real estate investors in my family. Jaspreet Singh: Student loans are what's funding the government's operations. Jaspreet Singh: It's the same reason why people will go into debt to go and buy a Gucci belt. And so, people are willing to accept these dollars as currency, as money. Jaspreet Singh: We grew from just holding parties to doing parties every week. And they were attacked on the way. And then that's where everybody says, Oh, don't worry about the pay. That way you can make smarter decisions with your money. That is when I decided that I needed to tell my parents, because now I had taken the MCAT and I did decent on the MCAT, but I was not going to apply to medical school. I'm an entrepreneur myself. Because doctors are your high-income earners. And the second thing they are trying to do now is raise taxes, especially on high-income earners, cough-cough doctors, as a way to not earn more money. But that was all a lie. Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. And I knew I liked real estate and I also knew that I didn't like the event planning business because I don't drink. Also be aware, December 1st is the swag bag deadline for the Physician Wellness and Financial Literacy conference. And then you're going to look back and say, Oh my God, I wish I would have done something five years ago. If you cannot attend the in-person event, we are also offering a virtual component. Financial wisdom. We were doing shows. 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. I liked that you can kind of get that cool feeling of going, Oh, you're the party promoter on campus. Jaspreet Singh: Singh recently . Final question. When I was going to school, I went through a lot of schooling. Jaspreet Singh: 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. It's a common thing that when people make their first thousand dollars they want to show it off. Jaspreet Singh Email & Phone Number - Shiva Fas.. | ZoomInfo I started off in the entertainment business. You've got this and we can help. I went on mission trips to help prepare myself, to get ready to go to medical school. [1] If you're doing something that you hate, it's never too late to change. The number one liability for millennials are student loans. A lot of physicians have questions about locum tenens, and locumstory.com is the place for them to get real, unbiased answers to those questions. Dr. Jim Dahle: But when I say minority, I don't mean a racial minority. I didn't know what I was going to do with it. People and brands operate on a spectrum now. If people are not pushing you to be better, get away from them. And then it's like, Why are we going to school? Read millions of eBooks and audiobooks on the web, iPad, iPhone and Android. And now we've grown it to something a whole lot bigger. A lot of the early businesses that I ran I had to do in secret because my parents did not want me to do anything that wasn't related to getting me into medical school. Jaspreet Singh: And I did school that did all of that and I was always doing my entrepreneurship stuff on stuff on the side because data approve of what I did. Now, one of those businesses involved an invention of yours. You bust your butt through medical school, through residency, through fellowship. Jaspreet Singh: Ill wash your brown bag. You are a first-generation American. I had started somebody's business ideas. It used to be. This started actually toward the end of my college career. And this is why financial education is so important because you need to be the person now that isn't living broke to make other people rich. You can find my contact information here. Jaspreet Singh: And this is where the government says, Oh, we have a student loan crisis. Jaspreet Singh: I had no idea what I was doing and I ended up putting an offer. Let me clarify that I have no problem if you spend money on dumb things. Don't spend money on dumb things when you don't have the money to afford it. The easiest way to understand what it means to afford is just to follow my rule of five, which says, if you cannot buy five of them, you cannot afford one of them. I make a very good salary, but I'm essentially living paycheck to paycheck. And that's when I found out they were a scam. And this is where the government says, Oh, we have a student loan crisis is a problem. What if I did something else? I did not want to ask that question. We got accepted. But the reality is people are driven by emotions. In addition to all the good information I get on this podcast, I am always 100% confident that I can reach out to Jim for questions. I was never into partying. Do you feel like you're a member of a minority writing for other minorities? And so I think its partially just being you. I started off in the entertainment business. He is still practicing. And that they're trying to manage inflation to control inflation. There are ways to do that through your investments, that we are not paying out 60% of your income in taxes, legally. But at the same time, you have to look at the broader picture. Then I went from business to business, to business, to business, trying just a whole bunch of things. I think it's great if you spend money on dumb things, but you have to be able to afford it first. I was introduced to him recently at a conference called FinCon that was for producers of financial content and resources. What are you saving? You're already working six months out of the year, January through June, just to pay your tax bill. You've mentioned a lot of assets and investments, and that you invest in real estate. Don't forget about our champions program whitecoatinvestor.com/champion. And the reason why I call it that is because you have to really be willing to think differently. So I had my own ways of doing it. There was nothing in between. I don't care if the price of gold goes up or down, it doesn't matter to me. Dr. Jim Dahle: Then a portion of your paycheck goes to the government. It wasn't making any money or anything significant. But I like where this is trending. So they grew up with very traditional values. You want to sit there and have fun and relate to the person. I decided to create a class called How to Launch a Business Without Getting Screwed Over,' and I charged $7 for it. I had no idea what to expect in college because my parents didn't go to college here. I don't have any investments. 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. I got irritated because I didn't have any sort of entrepreneurship education and I've been scammed. Our sock company was making good money. And if you can afford dumb things then hey, be my guest, you earned it. And maybe we're talking about skins on a video game character. There were riots and looting that happened and they were attacked. For business owners, knowing where to turn for a reliable source of information and business trends is important. Gold is a representation of value because it takes time, effort and labor to mine gold. Jaspreet Singh is a serial entrepreneur, licensed attorney, and the founder of Minority Mindset, a financial media company & YouTube Channelwith over one million subscribers. Jaspreet Singh: I was in class paying attention and I love learning. And somehow in there, you went to law school. This book project requires an extensive research process. The government and the Fed will keep telling you that this inflation that we're seeing, it's just temporary. Stopped as pandemic tick-tocks, keep docs off clocks. I didn't like the industry. I never once learned to think about building wealth. You go cash in that check and you take pictures of it and you can go impress your friends. 2,845 followers. And every business book that I read, they kept talking about how successful people, wealthy people invest in real estate. Anybody can start a youtube channel. Thank you so much for being on the White Coat Investor podcast. I think you will find his story about giving up his family's dream of him becoming a doctor to follow his passions as fascinating and educational as I do. 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. And the first thing that came to my mind were wet socks. And I was like, Present what? The interest rates on your bank account are paying you 0.01% a year, which means if you have $100,000 in your bank account today, in three years your bank account is going to be $100,000 and a few pennies. It's burdening young people. They were talking about real estate, there was a lot of rock bottom, get out now. The first one on it was Don't put your paycheck on social media. Jaspreet believes in taking care of the community yourself rather than relying on someone else to do it for you. Some of them will succeed. Then I invest in startups. What inspired you to get into the YouTube sphere? Say goodbye to boring personal finance . Let's talk about some of the things you teach on your channel. It's an incredible story. Jaspreet Singh: And that was really interesting because Id never done anything like that before. You have the least tax breaks that you can get out of the tax code and you also have the highest tax rates. What advice do you have for them? I didn't have any entrepreneurial friends that had made it that could say, Hey, Jaspreet, its going to be okay because I didn't know anybody who did that. They can dilute the value of our dollars with the click of a button. They just let him go. Then I went to college. This is a $100 swag bag at least. My dad came to America with less than a hundred dollars. His family moved from India when he was young. With that said, let's dive into why Jaspreet felt the need to create Market Briefs, its . So, I can get paid.'. Freshman year, I started knocking on doors at clubs, venues, and bars, asking them, Hey, can I host a party here?' I love coming up with product ideas. You can buy more things with your paycheck. And now I create consistent predictable cash flow and it comes with legal tax breaks. Most people grow up with an idea of what they want to be and Jaspreet Singh was no different. And that's what irritates me. The Minority Mindset YouTube channel has changed the lives of nearly 1,000,000 YouTube subscribers with their videos being viewed 5 million times a month. Right now, the biggest liability for the average millennial is student loans. Thats just like gambling. If we are going to open up your portfolio, how much of it is in real estate and how much is in stocks or bonds or cryptocurrency or whatever? Jaspreet Singh is the creator of The Minority Mindset. The whole idea is we are taught certain things about money. How much car can you afford? I am an attorney. Go to locumstory.comand get the answers. m2jaspreetsingh (@m2jaspreetsingh) | Twitter We kind of hit on this, but you need to understand how to protect your money and build your wealth as a doctor. For me, it's just money. Theyre giving people a reason to come to them. About. I didn't even know that you could make money off of YouTube. As opposed to deflation, which is good for average people, because now the value of a dollar gets stronger, the price of things go down and now your savings have more buying power. I then had this conflicting war going on in my brain, where if I was trying to maximize my revenue by seeing as many patients as possible in order to extract as much money as I could, I was not going to necessarily be able to provide the best value possible to each patient. I just didn't know how yet. But you could see some people that would be really creative and do different things. There was no money in it yet, but I liked it. I renovate them. So, this podcast is for your entertainment and information only and should not be considered official personalized financial advice. Thank you so much for having me. This is where my passion was. I'd find love. Check out this episode for the answer. I like it because I'm an entrepreneur. Jaspreet Singh: I buy properties. Jaspreet Singh: (@minoritymindset) Instagram photos and videos She did not believe it. You can check out our website theminoritymindset.com. He's very animated and his main mediums are YouTube, is a big one. We change it sometimes. I never once learned how I could use my money in a way to give me financial freedom. And fortunately for me, this was at the bottom of the 2008 real estate crash. You probably have hundreds of thousands of dollars worth of student loans. It took you forever to get there. 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. And then during my free time I was reading financial news. That social validation is such a big factor in our lives and it affects people's finances. And as I took the MCAT on August 22nd, and then August 23rd, I closed on my first investment property. It happens consistently. Jaspreet Singh: And then it's like, Why are we going to school? And this is where a lot of people get angry. Jaspreet: It has nothing to do with the way you look, your ethnicity, your skin color. We were doing concerts. We need to help take care of the student loan issue.' Some docs are overworked. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The book summarizes the most important information on the blog and contains material not found on the site at all. Aditya Raj Singh - Director - Stallion Cognitive | LinkedIn And this is Peter Kim. Because you can do what you love and you should do what you love, but it's a lot easier to do what you love when you are OK financially. I invest my money in five places. Don't waste your time doing something that you don't care about or something that you don't like or something that you don't love. And it wasn't like a nice peaceful journey east. And in order to now balance this national debt crisis, one of the things that they're doing is they're creating more inflation to pay back this money with cheaper dollars. Jaspreet Singh: You need to be the person that's taking care of their money. And I started to ask myself, Why? Inflation is a hidden tax. In the library all day. My parents and all of their friends didn't understand what I was doing. What started as a YouTube Channel dedicated to simplifying financial health and educational content has turned into a movement. And that's what irritates me is people lead you down these lies. 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. And it was a shock. And fortunately for me, this was at the bottom of the 2008 real estate crash. Humans are emotional beings, not rational ones. And second, I knew that if I go to law school, I can go to law school part-time. Download a free lesson from my premier program Write of Passage course and uncover your strengths, clearly communicate your value, and start building your reputation online today. We'll see you next week on the White Coat Investor podcast. You can check out our website theminoritymindset.com. Dr. Jim Dahle: So I came to college and everybody was partying and I was like, well I need something to do outside Friday night. Instead, you're paying the highest tax rates and you also have the least deductions. You can check that out at physicianonfire.com. A lot of the early businesses that I ran I had to do in secret because my parents did not want me to do anything that wasn't related to getting me into medical school. They say, Oh, that's not fair. Just recently, we made a video where we bought out half of the teacher supplies store for about thousands of dollars with the stuff and then we gave it away to schools. Also available on Audible! Look, you're paying for Gucci or Louis Vuitton. Explore the world of Jaguar cars and learn more about models And slowly that started to grow. Jaspreet Singh: That was my first experience with any sort of real financial education, any real passive income. His parents are immigrants from the state of Punjab, India. Because doctors are your high-income earners. That business grew while I was in college. Now it'll probably have some changes between the time we record this and when this actually runs, but what are your thoughts on that new tax bill coming through? Listen to the Interview with Jaspreet Singh of the Minority Mindset here. I put it under the alias Minority Mindset. 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. So, that's how things started for me. It just didn't sit right. It's a crazy system, isn't it? Final question. Money is a representation of value. Indian culture is a save heavy culture, the traditional Indian culture. David: What other YouTube entrepreneurs inspire you? I'm standing there and I'm like, Jaspreet think of something, think of something, think of something. They can't afford to do that. Well, I knew I wanted to do it to make my parents happy. Where can listeners go if they want to learn more about you and what you are teaching? They showed me I could turn ads on to get paid. The whole idea being you had to think differently than the majority of people. Thank you for having me. I didn't know any real estate investors, but I was like, I'm going to invest in real estate. This is a blog put together by a fellow by the name of Leif Dahleen. Naked Brands are a new kind of brand enabled by social media, powered by personality, and built for the digital age: Naked Brands are founded by social media influencers. I was studying for the MCAT and I was running a business at the time in college. Guess what? [Rewind Episode] Jaspreet Singh is a serial entrepreneur, licensed attorney, and the founder & CEO of Minority Mindset, a financial media company & YouTube Channel with over one million subscribers and five million views per month. And then people would say, Oh my God, dude, I really like your content. That part was very hard, but it was kind of that stubbornness that I had that got me through it because I knew that I wanted to do something different. And his YouTube videos are fantastic. I have a lot of trust issues now because as I started to ask why, why, why, I started to learn a lot of things that make you question the system, but you have to ask the question why, because the government and the fed will keep telling you that this inflation that we're seeing it's just temporary. I said, You're telling me I can get paid for this?' I wasn't doing it because I wanted to be a doctor. He even took the MCAT. Which means if I go to law school part-time, I can run my businesses full-time. I took a speaking class. The only thing that bothers me is when people spend lavishly when they don't have the money to do so. Lesson 2 - Protect Your Assets: Estate planning, how to use legal tax shields, and asset protection strategies. Jaspreet Singh: That way you can make smarter decisions with your money. I was late pretty often, but it was raining that day. It is not just for people who want to become wealthy, whatever, you have to understand that you can protect your money. He loves spending time guest speaking in Detroit Public Schools. That way they have more money to pay back their national debt. I kind of had two lives, The Academic Jaspreet and then The Non-academic Entrepreneur Jaspreet. And so, your $100,000 today can buy more than what it can in three years. But it wasn't something that I needed in order for me to go and make money after, because I was working on so many other things. We have the Minority Mindset News channel on YouTube, where we have daily finance business news updates. I was not OK with that. And that's when I really started to think differently. Dr. Jim Dahle: My guest today on the White Coat Investor podcast is Jaspreet Singh. But I started to ask myself about my purpose and my passion. Why did I want to become a doctor? Well, I knew I wanted to do it to make my parents happy. But when I say minority, I don't mean a racial minority. The test that you take towards the end of your college career. As more dollars enter our economic circulation, the value of each individual dollar goes down. So, you work hard, you make money. I now had an asset that was paying me $600 a month in rental income. I plan to conduct many interviews with writers, influencers, and entrepreneurs. It took my mom a year and a half to finally grasp that her son was not going to be a doctor. I shadowed doctors. And if that ever happens, people will run away from dollars because they realize that their dollars are just pieces of paper. That's what that means. I hope we always are worthy of that trust. Jaspreet Singh likely has additional revenue sources. And yeah, I launched that product. When somebody goes out and they mine gold, they have real money. I had no idea what that meant, but I was like, let me figure it out what this is. The government wants to see more inflation. Jaspreet Singh: It just shows the opportunity now that the internet has brought to people because you can do anything you want and be whatever you want and live your life the way you want. And that's why you need more financial education..
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