Revealing what hedge funds and multinational banks don't want you to know about building wealth! Jaspreet Singh is spilling secrets and helping everyday people find financial freedom Jaspreet Singh is an entrepreneur, former attorney, and financial educator. He is CEO of Minority Mindset Companies and host of the 'Minority Mindset' finance and entrepreneurship YouTube channel. In this conversation, Jaspreet and Steven discuss topics such as, the impact of spending more than you earn, how to clear credit card debt, why you shouldn’t buy a house, and the 75/15/10 plan to become rich. (00:00) Intro (02:14) Who Should Care About Jaspreet's Message And Why? (03:21) Figuring Out Wealth: Key Differences Between The Wealthy And Everyone Else (08:11) Jaspreet's "Penny Drop" Moment: When It All Made Sense (13:03) Lessons From Starting Early In Business (17:48) Should You Buy A House Or Rent? (24:20) Understanding Opportunity Cost In Financial Decisions (26:28) Is Rent Really Throwing Money Away? (28:13) How To Know If You Can Afford A House (30:59) Do You Know What You're Really Spending? (32:51) Showing Wealth vs. Hiding Wealth: Which Is Better? (38:04) How To Stop Living Paycheck To Paycheck (44:20) Why Sacrificing Can Be So Hard (47:12) Life Struggles And Reckless Financial Decisions (50:17) Jaspreet's Thoughts On Cryptocurrency (55:52) Developing A Money Mindset For Success (59:45) Negative Stereotypes That Hold Us Back From Achieving Success (01:03:05) The "9 Dots" Trivia: Thinking Outside The Box (01:08:50) Facing Barriers On The Path To Financial Freedom (01:11:14) Escaping Financial Barriers: Actionable Steps (01:13:36) Do You Need To Remind Yourself Of Your Mantra? (01:16:34) Money Is A Tool: What Does That Really Mean? (01:20:37) Why It's Important To Recognize Abundant Financial Opportunities (01:22:50) Why It's Your Duty To Become Wealthy (01:23:56) Should We Change Our Investments With Trump In Power? (01:27:50) How To Get Started With Real Estate Investing (01:30:12) Jaspreet's Best Investment Ever (01:35:03) Choosing The Right People: Steve Jobs' Valuable Lesson (01:43:29) The Power Of An Internal Locus Of Control (01:50:18) Elon Musk's Tax Efficiency And Loaning Against Assets (01:54:47) Understanding The Retirement Crisis (01:56:23) How Much Money Do You Really Need To Retire? (02:02:24) Solutions To The Retirement Crisis (02:10:31) Principles For Success In Business (02:15:26) Be Boring And Patient: The Key To Winning In The Money Game (02:19:52) Best Places To Gain Knowledge And Skills (02:21:42) What's The Most Important Thing We Didn't Discuss Today? (02:22:52) The Last Guest Question Follow Jaspreet: Instagram - https://g2ul0.app.link/UZG34SJiGOb Twitter - https://g2ul0.app.link/32z1S6LiGOb YouTube - https://g2ul0.app.link/G33HmeOiGOb 🚀 The 1% Diary is live - and it won’t be around for long, so act fast! https://bit.ly/1-Diary-Megaphone-ad-reads Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes Follow me: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Linkedin Ads - https://www.linkedin.com/doac24 PerfectTed - https://www.perfectted.com with code DIARY40 for 40% off Learn more about your ad choices. Visit megaphone.fm/adchoices