5 Investments To Become Financially Free

The Mindvalley Podcast with Vishen

Mindvalley

Education, Mental Health, Health & Fitness, Self-improvement

4.5 • 1.5K Ratings

🗓️ 25 September 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on The Mindvalley Show, get ready to embark on your journey of financial empowerment with our esteemed guest, Jaspreet Singh. As the founder of Minority Mindset and a legal expert deeply versed in real estate, he's the perfect guide to help you navigate the complex world of wealth-building. With a knack for simplifying financial concepts and a passion for educating others, Jaspreet will lead you on a path to financial mastery in this eye-opening episode. Jaspreet shares invaluable insights on how to make the most of a $100,000 investment. You'll learn how to optimize your savings through high-interest accounts, unlocking the power of your idle money. Dive into the active versus passive investing debate and discover the perfect strategy for your unique financial goals. Whether you're considering real estate ventures or exploring the world of ETFs, you'll gain clarity on where to allocate your resources for maximum returns. Wealth-building is an art, and Jaspreet unveils the canvas for your financial masterpiece. Learn the importance of prioritizing assets over liabilities and discover how to harness the magic of cash flow to fuel your wealth journey. But that's not all—delve into the hidden treasure chest of real estate's tax benefits, and strategies that can significantly reduce your tax burden. This episode is your ticket to financial abundance and freedom, equipping you with actionable strategies and mindsets that can revolutionize your financial future. Don't miss this dynamic conversation—it's your gateway to prosperity! Key takeaways: [01:18] The Minority Mindset [04:27] Understanding Financial Education [07:46] Taking Control of Your Finances [14:10] The Power of Passive Income [20:51] Starting with Real Estate [25:44] The Role of Entrepreneurs [28:11] Investing Your First $100K [30:28] Index Funds and ETFs [33:07] Legal Loopholes in Real Estate [35:47] The Concept of Homeownership [36:34] Making Yourself Rich First Where to find our guest: TheMinorityMindset.com Instagram Youtube Memorable Quotes: "There is something wrong when you don't learn a thing about financial education." [6:21] -Jaspreet Singh "Real estate is more than just appreciation of properties because in real estate, you get the physical asset, you get cash flow, and you get tax breaks."[20:23] -Jaspreet Singh "Use your money as a tool to make yourself rich first before you go out and spend all of your money to make everybody else rich."[46:53] -Jaspreet Singh Resources Mentioned: Master Your Money and Diversify Your Income: Financial Freedom Summit 2023: https://www.mindvalley.com/wealth To stay connected and to learn more about Vishen and Mindvalley, click on the links below: Website: Mindvalley.com YouTube: @vishenlakhiani Instagram: @mindvalley Instagram: @vishen Facebook: @mindvalley Subscribe to 'Mindvalley Membership' to discover 65+ transformational Mindvalley programs – at a surprisingly low annual fee here 👉 https://go.mindvalley.com/NOW Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5,
0:05.2	stand it up, step back, and your photos are also synced to your Chromebook, ready to edit.
0:10.8	The new Samsung Galaxy Z Flip 5 and Chromebook, available on Vodafone.
0:15.2	If one had a hundred thousand dollars just for simple math, a hundred thousand dollars,
0:21.3	and you want to put this away for ten years and have the greatest odds of seeing this money
0:26.3	multiply. Where would you put this one hundred thousand dollars in savings?
0:31.6	That's the question and that's what we're going to be talking about in this episode of the Mind
0:35.8	Valley podcast. Well, three people are doing something completely different. Unless you have the
0:40.7	basic level of financial education, you don't even know what questions to ask. And if you don't
0:44.8	learn that in your home, if you don't learn that in school, where are you going to learn it?
0:49.3	I'm sitting here live in Tallinn, Estonia with Jaspreet Singh of Minority Mindset, the
0:59.1	Hit Financial Advice YouTube channel with 1.65 million subscribers. So Jaspreet is an incredible
1:08.1	soul. We just had him speak at Mind Valley University and he shared so many important practical
1:13.9	tools and advice on how to maximize your investment. So welcome, a special guest today, Jaspreet Singh.
1:21.8	Well, first off, thank you for having me. Thank you for the beautiful introduction.
1:26.7	Now, you grew up in an Indian family, right? Correct. Which means becoming a YouTube star was
1:32.0	not something your parents were pushing you to do. They were probably disappointed with you.
1:36.0	Disappointed, I would say, is a little bit, little bit of an understatement. We could put it this
1:42.5	way. When my mom found out that her son was not going to be a doctor, she was on the
1:49.8	board border of going to the hospital. It took my mom a year and a half to believe that her son
1:55.6	was not going to be a doctor. My dad was so angry because when you grow up in a traditional Indian
2:00.3	house and your parents tell you you need to be a doctor, this isn't like a recommendation.
	...

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