SOG EP 1644 BONUS: Money Expert: “This Keeps You Broke! Do This to Build Wealth & Financial Freedom” | Jaspreet Singh

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 893 Ratings

🗓️ 29 July 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

"Opportunities are there for people that are financially educated, prepared, and understand the trends." - Jaspreet Singh In this captivating episode of The Daily Motivation Show, Lewis Howes and financial expert Jaspreet Singh delve into the intricacies of modern consumer spending and its impact on personal finance. Singh offers a thought-provoking analysis of the "buy now, pay later" trend, revealing how this seemingly convenient option can lead to unexpected financial pitfalls. With his signature blend of wit and wisdom, Singh unpacks complex economic concepts, making them accessible and engaging for listeners of all backgrounds. But this episode isn't just about identifying financial challenges – it's a call to action for personal empowerment. Singh shares invaluable insights on how to navigate economic uncertainties, emphasizing the importance of financial education and preparedness. His advice on distilling news from trends and staying grounded amidst social media's influence is both practical and inspiring. Whether you're a seasoned investor or just starting your financial journey, this episode promises to equip you with the knowledge and mindset needed to thrive in today's ever-changing economic landscape.

Transcript

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0:00.0	Hey everyone this is Lewis House and I am so excited to invite you to the
0:04.0	Summit of Greatness 2024 happening at the iconic Shrine Auditorium in Los Angeles
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0:14.3	ignite your passion, boost your growth, and connect you with a community of other
0:17.9	inspiring achievers. Join us Friday, September 13th and Saturday, September 14th for two days packed with inspiration and
0:25.1	transformation from some of the most incredible speakers on the planet. Don't miss out on this
0:29.8	chance to elevate your life, unlock your potential, and be part of something truly special.
0:34.8	Make sure to get your tickets right now and step into greatness with us at the Summit of Greatness
0:39.4	2024. Head over to Louis House.com slash tickets and get your tickets today
0:44.0	and I will see you there.
0:47.0	Hi, my name is Lewis House
0:48.0	and welcome to the Daily Motivation Show.
1:01.8	Binael Pay Later is one of the fastest growing industries. In the financial space, he used to be credit cards, right?
1:04.6	But if I wanted to go and buy something I'll have the money I'm going to put it on my
1:07.3	credit card but the interest rate is very high. The buy-n-on-play later industry
1:11.3	says well now how about instead of worrying about the big
1:13.8	purchases like a TV and a sofa, you can finance your groceries in three easy installments
1:18.2	of $18 a month.
1:20.6	You market it with the 0% APR and it sounds interesting because now the
1:25.3	bina-pay later companies they charge a fee to the sellers. So if you go buy
1:29.9	something off of Walmart online with BinaopayNau.
1:32.6	Walmart is going to pay Binaopay later a small percentage of the purchase price,
	...

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