Jaspreet Singh (born 1969) is a Canadian writer and chemist. That was the incentive for me where Yeah, I can make that sacrifice. Jaspreet Singh: You've mentioned a lot of assets and investments and that you invest in real estate. You can check us out on social media as Minority Mindset. I love coming up with product ideas. I got irritated because I didn't have any sort of entrepreneurship education and I've been scammed. Inflation is a hidden tax. My parents were like, If you're not going to go to medical school, you have to at least become an attorney. That's so true. Were hosting concerts and shows and we were doing a lot of different things and my parents, they wanted me to be a doctor, so after my second year in college I was studying for the MK, which is the medical college admission test to get you into medical school. Theyre giving people a reason to come to them. Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. And they were attacked on the way. I started hosting teen parties when I was in high school because I was working in the wedding business. It's funny, because when I started Minority Mindset, it was not with the intention of making money. Jaspreet Singh: I just didn't know how yet.. The easiest way to understand what it means to afford is just to follow my rule of five. Disclaimer: Has a heavy real estate focus for sure on the blog, but also some other methods of passive income. What do you invest in? I used to work at Indian weddings, playing a drum called the dhol. Download a free lesson from my premier program Write of Passage course and uncover your strengths, clearly communicate your value, and start building your reputation online today. Learn more. I was like, Oh, that's easy.' I told my parents and my mom nearly had a heart attack. I was investing in real estate. My guest today on the White Coat Investor podcast is Jaspreet Singh. You need to use your money to build your wealth first before you make everybody else around you rich. And so, obviously there is a time and place for government, there's a need for them. And people will say, Oh, I'm not affected by that. But I started to ask myself about my purpose and my passion. If you want to be a champion for The White Coat Investor and you are a first-year medical or dental student, sign up here. The Entrepreneur Jaspreet was a secret at home. You start to question the things that we're taught in society. I never once learned how I could use my money in a way to give me financial freedom. Jaspreet Singh: Hope I don't sound too nasally today. You have put in so much. Your family has a fantastic story. Jaspreet Singh: Jaspreet: I never even knew what entrepreneurship was. And then one day I was late to class. Jaspreet Singh: I revitalize them. Then I went from business to business, to business, to business, trying just a whole bunch of things. Jaspreet Singh: Look, you're paying for Gucci or Louis Vuitton. I advise. Let me clarify that I have no problem if you spend money on dumb things. And I was like, Okay, this is cool. I had a channel that was growing and one of my friends asked me how much the YouTube channel paid me. As opposed to deflation, which is good for average people, because now the value of a dollar gets stronger, the price of things go down and now your savings have more buying power. And I said, okay. I'd be happy. Jaspreet Singh: We do this by sharing videos, articles and resources on how to make, save and invest money. I didn't have any real estate investors in my family. To break away from the majority mindset thinking to now start thinking differently. Just that idea resonates with so many people. Now we cant control it. Jaspreet Singh: It is not just for people who want to become wealthy, whatever, you have to understand that you can protect your money. So, you need to plan for that. The Fed wants to see more inflation to make that debt pay down possible. I can help give them exposure. You are a first-generation American. I can fix up a property. I started off in the entertainment business. And it all started just from a simple Instagram page, which grew into a YouTube channel. And the best way for me to describe that was when I was in eighth grade, I was struggling with English in middle school because English was my second language. And now I create consistent predictable cash flow and it comes with legal tax breaks. It's great to get people that you don't necessarily think about in the White Coat Investor community on the podcast and just hear their views on money and finance and mistakes that people are making. What I try to do is just talk about what's going on. Don't throw away your brown bag for lunch, bring it home. So, if we have more inflation, that means that the government can now pay back this $29 trillion worth of debt with cheaper dollars. I will try to find ways to interact with you to make you feel like youre a part of us because thats what really differentiates the Internet and kind of digital media in the sense of youtube and those type of things as opposed to tv because TV, you feel like youre so far away from this celebrity that youve never heard of. I'm a middle school kid and now I got a college tutor coming to my door, wondering what he is going to teach me? I invest in them. They say, Oh, that's not fair. Why are you throwing everything away? I had no idea what I was doing. And then people would say, Oh my God, dude, I really like your content. Why do you think that resonates? Its all in student loans and yet you're sitting here blowing all your money?' Jaspreet Singh: Dr. Jim Dahle: And it's keeping so many people broke, but it's keeping so many other people rich at the same time. We kind of hit on this, but you need to understand how to protect your money and build your wealth as a doctor. The interest rates on your bank account are paying you 0.01% a year, which means if you have $100,000 in your bank account today, in three years your bank account is going to be $100,000 and a few pennies. Inflation is a hidden tax. By that time, I was making good money in law school. We were walking down the street giving away $200 to people who could answer these financial questions. I didn't like the industry. The Minority Mindset has nothing to do with the way you look, your ethnicity or your skin color. All right. They can't afford to do that. I put it under the alias Minority Mindset. And so, that part was very hard, but it was kind of that stubbornness that I had that got me through it because I knew that I wanted to do something different. I never thought about screaming or just whatever they did, youre just kind of see different peoples flavors in different situations of the same thing.
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