How The System Keeps You Poor! | Jaspreet Singh (Replay)
Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.2K Ratings
🗓️ 27 May 2024
⏱️ 62 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
SPONSORS:
Explore the Range Rover Sport at https://landroverusa.com
Use this link and Hartford Gold will give you up to $15,000 dollars of FREE silver on your first qualifying: order.offers.americanhartfordgold.com/content-affiliate/?&leadsource=affiliate&utm_sfcampaign=701Rb000009EnmrIAC
For comprehensive financial news and analysis, visit the incredible brand that so many great investors use, https://yahoofinance.com.
Visit https://BetterHelp.com/ImpactTheory today to get 10% off your first month.
Go to https://shopify.com/impact now to grow your business–no matter what stage you’re in
Get $1,000 off Vanta when you go to https://vanta.com/THEORY
Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact.
Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial.
Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping.
ORDER YOUR COPY OF LISA'S BOOK "RADICAL CONFIDENCE"
(NOW IN PAPERBACK & WITH A NEW CHAPTER!) & GET YOUR FREE BADASS BONUSES: https://bit.ly/radcon
***CALLING ALL BADASSES!***
If you really want to level up your confidence game, check out the WOMEN OF IMPACT SUBSCRIPTION, specially designed to turn you into the badass you were born to be!
*New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Women of Impact episodes, and so much more!*
Don't settle for mediocrity when you can be extraordinary!
*****Subscribe on Apple Podcasts: https://apple.co/457ebrP*****
Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Why financial education is so important 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, your groceries are going to be more expensive, |
| 0:10.0 | your home cost is going to be more expensive. 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 |
| 0:21.3 | than you were before the raise because your raise isn't keeping up with inflation. |
| 0:28.0 | Jesprey, over the next hour-ish, you and I are going to snatch people from the jaws of poverty. |
| 0:33.7 | You in? |
| 0:34.3 | Let's do it, man. |
| 0:35.1 | All right. |
| 0:35.5 | So I have a sincere belief that there are habits that keep people poor and that anybody, regardless |
| 0:41.9 | of where they're born, what their circumstance is, if they do the right things over a long |
| 0:45.5 | enough time period, they can get out of it. |
| 0:47.3 | We are living in horrendously uncertain times. |
| 0:50.4 | Yeah. |
| 0:50.8 | What are the things, the habits that keep people poor? |
| 0:57.0 | Wow. Well, the first one really has to do with understanding money because unless you understand what money is, none of the other habits really |
| 1:01.6 | matter because at its core, what is money? And when you ask people that, you might say it was a $100 |
| 1:06.8 | bill, $50 bill, that's what money is. But what is that money? Because that money that we have today is different that what money was 60 years ago. |
| 1:15.0 | The money that we call money today is currency. |
| 1:18.9 | It's really just pieces of paper. |
| 1:21.0 | And when you understand that, it's going to change what you do with the money. |
| 1:24.5 | And the reason why I'm saying that is because I'm from, my family |
... |
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 2026.

