Jaspreet Singh: The Middle-Class Curse, Why 50% Of Americans Earning 6 Figures Still Live Paycheck to Paycheck | Finance E251

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

YAP Media Network

Education, Marketing, Entrepreneurship, Business, Self-improvement

4.8 • 1.3K Ratings

🗓️ 23 October 2023

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jaspreet Singh grew up in a family of doctors and it was assumed he would become a doctor too. But he decided to try a different path. He started his first business, an event planning company, when he was in college, and also started investing in real estate. Motivated to help other entrepreneurs avoid his early mistakes, he started the Minority Mindset YouTube channel, where he teaches his followers finance, economics, and how to grow their mental wealth while also growing their financial wealth. In today’s episode, Jaspreet shares what keeps people poor, the psychology of investing, an abundance versus poor mindset, and much more. Jaspreet Singh is a serial entrepreneur, investor, licensed attorney, and YouTube sensation. Although he didn’t receive any formal financial education, he’s on a mission to make financial education fun and accessible. Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. In this episode, Hala and Jaspreet will discuss: - Coming from a family of doctors and becoming an entrepreneur - Buying into real estate at rock bottom - Starting an event planning business in college - How to avoid getting scammed as a young entrepreneur - How to grow a successful YouTube channel - The importance of financial literacy - Bad habits that keep you poor - Why you should stop financing things that don’t pay you - Why recessions create opportunities - And other topics… Jaspreet Singh is a serial entrepreneur and licensed attorney. Although he didn’t receive any formal financial education, he’s on a mission to make financial education fun and accessible. Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. Resources Mentioned: Jaspreet’s YouTube (Minority Mindset): https://www.youtube.com/@MinorityMindset Jaspreet’s Website: https://theminoritymindset.com/ Jaspreet’s LinkedIn: https://www.linkedin.com/in/jaspreet-singh-6930a649/ Jaspreet’s Instagram: https://www.instagram.com/minoritymindset/ LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course. Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Green Chef - Go to GreenChef.com/60yap and use code 60yap to get 60% off plus free shipping Indeed - Claim your $75 credit now at indeed.com/profiting More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala Learn more about YAP Media Agency Services - yapmedia.io/

Transcript

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0:00.0	Today's episode of Yap is sponsored in part by Racketon, Factor, Robin Hood, Airbnb, Shopify, RocketMoney, and Indeed.
0:08.0	Get the Racketon app now and join the 17 million members who are already saving.
0:12.8	Cashback rates change daily. See rackaten.com for more details.
0:17.2	Eat smart and fuel your wellness goals with Factor.
0:20.1	Get started at FactorMeals.com
0:22.0	and use CactorFodcast to get 50% off your first box plus free shipping.
0:29.0	With Robin Hood Gold, you can now enjoy the VIP treatment, receiving a 3% IRA match on retirement contributions.
0:36.4	To receive your 3% boost on annual IRA contributions, sign up at
0:40.6	Robinhood.com slash gold. Hosting on Airbnb has never been easier with Airbnb's new co-host network.
0:48.5	Find yourself a co-host at Airbnb.com slash host. Shopify is the global commerce platform that helps you grow your business.
0:56.5	Sign up for a $1 per month trial period at Shopify.com slash profiting.
1:01.7	Rocket Money helps you find and cancel your unwanted subscriptions, monitors your spending, and helps lower your bills.
1:08.3	Sign up for free at rocketmoney.com.
1:11.5	Attract interview and hire all in one place with Indeed. helps lower your bills. Sign up for free at rocketmoney.com slash profiting.
1:14.7	Attract interview and hire all in one place with Indeed.
1:18.5	Get a $75-sponsored job credit at Indeed.com slash profiting.
1:19.6	Terms and conditions apply.
1:21.3	As always, you can find all of our incredible deals in the show notes or at
1:24.6	young and profiting.com slash deals.
1:39.6	Yeah. deals in the show notes or at young and profiting.com slash deals. Statistically in America today, more than half of Americans that are making six figures
1:44.5	a year are living paycheck to paycheck and broke.
1:47.7	Why?
	...

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