You know, the basic fundamental rule of thumb when it comes to investing, never invest more than you're willing to lose.

If you want to take risk, it's fine, but just understand that risk that's associated with it.

And don't take on more risk that you're willing to handle.

Hi, I'm Vision Laciani, founder of Mind Valley, the School for Human Transformation.

You're listening to the Mind Valley podcast, where we'll be bringing you the greatest teachers and thought leaders on the planet.

It has cast the world's most powerful ideas in personal growth for mind, body, spirit, and work.

Hi, everyone, and welcome to the Mind Valley podcast.

Our guest today is the CEO of Market Breaks and the host of the Minority Mindset YouTube channel,

which has changed the lives of over 1 million subscribers with over 120 million views.

His name is Jasprek, and he's on a mission to make financial education fun and accessible.

Now, this is such an important topic right now because the world has been going through so much change.

And so many of the people who are here listening to this podcast as part of the Mind Valley community tend to be entrepreneurs and often not just entrepreneurs,

but people who may be working for a company, but have a side business that's generating some money.

We call this passive income and whether you are an entrepreneur or you are employed by a company passive income is a powerful tool to bring into your life.

And that is going to be the topic today.

Now Jasprek's brand has helped countless people get out of debt, start investing and creating a plan towards building wealth.

And I'm excited to have him join us today to talk about the secrets to creating wealth and passive income.

Jasprek, welcome to Mind Valley.

Well, thank you so much for the introduction. I'm excited to be here and what a fun topic at a very interesting time in the economy.

It is. It is. Now let's hear your thoughts. Why an interesting time in the economy?

So, I mean, if you look around you, we're facing one of the most unique challenges that our economy has seen in the last century, where we have an economy that is slowing down.

We have seen the last six months our economy has been slowing the GDP report shows this at the same time we're facing very high inflation.

...