meta_pixel
Tapesearch Logo
Log in
Tom Bilyeu's Impact Theory

How The System Keeps You Poor! | Jaspreet Singh (Replay)

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.75.1K Ratings

🗓️ 27 May 2024

⏱️ 66 minutes

🧾️ Download transcript

Summary

With talks of a global recession on the rise, there is no better time to put your growth mindset to work. Are you ready to revolutionize the way you think about money, inflation and the impending recession? Chief Executive Money Nerd at Minority Mindset Companies from Punjab, India, Jaspreet Singh has been putting in the work to spread financial education and opportunity on YouTube for years. The goal of this episode is to get you to understand what money really is and give you the knowledge you need to change how you’re using it in your day to day life. The majority of people will unfortunately continue to become poor and the harsh reality for many is that they won’t even see what’s happening in time if at all. We are dedicated to pulling people out of the matrix and helping them see that human potential is nearly limitless. That includes getting people to see the objective truth about the government's role in the financial system, who the Feds are, and how wealthy, financially educated people think and use money differently from poor, financially uneducated people. Tom openly shares his example of how you can be a good entrepreneur and bad investor from not asking the right questions. You can start turning the tables and making better decisions to not just prepare for a potential recession, but to also start building real wealth. It’s all mindset, it’s a growth mindset and a minority mindset when you’re willing to learn and understand who your teachers are. Check out Jaspreet’s Newsletter, Market Briefs: https://marketbriefs.com/ [Original air date: 6-14-22]. SHOW NOTES: 0:00 | Introduction to Jaspreet Singh 0:35 | Why the Poor Stay Poor 17:03 | Thinking Differently About Money 30:45 | Save & Invest Money Smarter 44:14 | Building Wealth As A Minority 57:21 | 5 Places to Invest Money Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Why financial education is so important?

0:02.0

Is because if you don't understand this, you are going to get screwed over by the system.

0:06.0

Because now, guess what? Your gas is going to be more expensive,

0:09.0

your groceries are going to be more expensive, your home cost is going to be more expensive,

0:12.0

the cost to do anything is going to cost you so much more today next year the year after that.

0:17.0

Well, your salary, hey, you got a raise, but you're actually broker now than you were before the race because your raise isn't keeping up with inflation.

0:28.0

Jessbreat over the next hour-ish you and I are going to snatch people from the jaws of poverty you in let's do it man all right so I have a sincere belief that there are

0:38.1

habits that keep people poor and that anybody regardless of where they're born what their circumstances if they do the right

0:44.8

things over a long enough time period they can get out of it we are living in

0:48.1

horrendously uncertain times yeah what are the things the habits that keep people poor?

0:54.0

Wow, well the first one really has to do with understanding money because unless you understand what money is

1:00.2

None of the other habits really matter because at its core what is money?

1:04.0

And when you ask people that, you might say it was a $100 bill, a $50 bill,

1:08.0

that's what money is.

1:09.0

But what is that money?

1:10.0

Because that money that we have today

1:12.0

is different than what money was 60 years ago.

1:15.2

The money that we call money today is currency. It's really just pieces of paper.

1:20.8

And when you understand that, it's going to change what you do with the money

1:24.4

and the reason why I'm saying that is because I'm from my family's from India

1:29.9

state in India called Punjab and over, it's a very traditional thing

1:34.5

that when you earn this paper dollars,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Impact Theory, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Impact Theory and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.