Thank you for watching! If you enjoyed this video, you should watch - The 5 WORST Investments You Can Make: kzread.info/dash/bejne/c4GGtK19f7KaaMo.html

@JeetSingh-rk6jp

5 жыл бұрын

Bai Ji pagg ch bohat vadiya laggde oh...

@lockhamj

5 жыл бұрын

Great video,

@anmolgrewal3767

5 жыл бұрын

What is your caste

@eduardodasilva6052

4 жыл бұрын

Minority Mindset So should I focus first on having an emergency fund before I start investing so I can cover myself in case something happens or have a balance between investing and saving- even though I wouldn’t be able to cover an unexpected bill without being in debt

@adem5762

3 жыл бұрын

A shroud has no pockets....just buy the Stang...

Thumbs up for the master of rich. I have been following this channel for a few months. This next month, I will be able to cover a $1000 emergency. One step closer to not being fake rich.

@multimeter2859

3 жыл бұрын

Can we get an update bro?

There are too many fake rich people who are really just broke. I always teach my subscribers to live below their means but to also expand their means 🤔👍

@da14a49

5 жыл бұрын

If you are going to promo, do it like this guy (who actually has content)

Erm so Jaspreet you're telling me that unicorn that I brought with my overdraft money makes me fake rich? 🤔 I don't see you having a unicorn. 🦄

@MinorityMindset

5 жыл бұрын

"Unicorn rich" is the new wealthy

@LAC32Griffin

5 жыл бұрын

Minority Mindset 😂

@jcrowley1985

5 жыл бұрын

Really? *Hug princess Luna plushie*

@dangeles95

5 жыл бұрын

RavB40 yeah but we all know unicorns are assets, so you are rich!

Faking rich is surprisingly common in the U.S.

@nycalien

5 жыл бұрын

It's started with the government. US government is in 18 trillion debt but showing off to the world.

@EngelbertHumpleKringle

3 жыл бұрын

When you first understand that everyone around you is just giving away all their money to banks, landlords, festival organizers, etc it's a shock to realize that everyone around you is faux riche. After a few years of knowing this it's like Cipher looking at the Matrix code - "looks nice but living paycheck to paycheck" "Technically richer than me by income level but my net worth is probably higher", etc.

@manuelvalencia9407

3 жыл бұрын

Japan and South Korea too.

@kirilmihaylov1934

3 жыл бұрын

@@manuelvalencia9407 everywhere is like that . In Eastern Europe is even worse

@manuelvalencia9407

3 жыл бұрын

@@kirilmihaylov1934 Thanks. I see the difference in my students and community.

Jaspreet: “Or you wanted to see what lame jokes I have planned for today” Me: “You got me”

@MinorityMindset

5 жыл бұрын

😂😂😂

@Thessalin

5 жыл бұрын

@@MinorityMindset The advice and the bad jokes, that's what we came for!

@no3mun0z

5 жыл бұрын

Lmao me too

Reason why I'd rather be wealthy, not rich!!! Thx JS.

@grod805

5 жыл бұрын

It's the same thing

@MrRawoc2000

5 жыл бұрын

@@grod805 you can be rich with information and not be wealthy friend!

Fake it till you make it is the biggest trend happening right now 🙄 everybody wants to “look” like a successful “entrepreneur “ until they realize you actually have to put in work to be one. Remember the most wealthiest people don’t even look rich. 😏

Omg please tell it again. Just play a loop of this message for the next 12 hours since it's payday for some. I agree with JayZ, the definition of able to afford something is when you can BUY the same item 3 times. Financing is a trap, but sometimes it's the only path if you are smart and strategic with it.

@juju10683

3 жыл бұрын

I like this definition.

Jaspreet this should have been concluded with the rule of "if you can't buy five of them, you can't afford one". Thanks for another great video.

This will definitely cause some butt hurt. Lol. I work with fools like that. They shame me for my paid off 2010 Elantra because they have their gas guzzling $700 a month Mustang and feel I should be spending recklessly as well. Then they assume I'm not happy because I don't spend like Congress. It's tough sometimes being in the minority because of how most of society views us. They see us as "miserable" and having "no life". But my pay off will come. My day will come in due time and I'll get the last laugh.

@richardsandwell2285

5 жыл бұрын

Go Buddy, I am in the UK my 05 Nissan Micra is a shed on wheels, but I run my house on wood heat in the winter, so it does not matter if I fill the car full of Firewood and a piece scratches the interior. I can park it anywhere at the supermarket without worrying about it getting scratched, I can take it on adventure holidays down narrow lanes most people with a new Flash car would not want to travel. My friends all pay energy bills while my electricity comes to me free from the sunshine, my hot water in summer comes from a thermal type solar panel. My job is not the hardest ever and it does not take up all my life. But if I spent like the rest I would need to work like the rest. My cheap car and cheap to run house means I can afford to dine out with friends more often and eat healthier food. when I do my shopping.

@CHman712

5 жыл бұрын

@@richardsandwell2285 now THAT is pretty cool and smart if you ask me.

@TheGoat-qw6jb

4 жыл бұрын

CHman712 Everytime you see them in that new mustang think in your head “your broke as hell” 😂😂😂 tell them thats the banks car and not their car 😂🤦🏽‍♂️🙏🏽

@CHman712

4 жыл бұрын

@@TheGoat-qw6jb lol truth.

@bertnl530

4 жыл бұрын

@@richardsandwell2285 It sounds familiar, '99 Opel /Vauxhall Corsa. Hardly any electronics. Sometimes I even slept in it, to protect from bad weather during camping holidays or to save hotel costs. In the morning I make my insulated bottle full of hot water to make instant coffee or soup along the roadside. I like it better and few cents of coffee is better then the overpriced watery stuff from Starbucks or what ever.

This is spot on! People covet things and people with things. Then go and try to act as if they are “The people with the things”. It’s exhausting just thinking about it😒. Your worth should not be tied to how you think someone else perceives you based on what you can/can not afford. It’s an empty game.

What's up everyone I'm glad to see you Jaspreet! I'm showing this to my wife!!

@MinorityMindset

5 жыл бұрын

Tell her we say hello!

The millionaire next door is a great book to read on the topic of fake rich vs real rich

referring to someone's savings account: "aw, it's so cute" lmaoooo

@beebeemotsumi

4 жыл бұрын

Literally laughed do much

LOL - 1 - two cars between my wife and me (well, mine is a truck). Both paid off (but they still require license plates, oils changes, I've changed a battery in the truck, tires every once in a while, but you know the drill.) Both paid off early, because we HATE non-performing debt. 2 - No interest in spending money on "music festivals", though as a former member of a local band, I enjoy the occasional night out with the wife to listen to music at a local bar - heck I know some of those guys! The better-three quarters even sometimes wants to go to a concert, but that is rare and we can afford it. 3 - Got me some of that sweet, sweet stock (but I let a manager actually handle what I own. Costs about 1%, but I am too ADHD to try to pay attention to tracking, and I think that is not an unreasonable fee. And they seem to make me more money in the investments than I made when it was all just blindly thrown into various 401k and IRA accounts.) 4 - House is paid for! (Well, we still set aside about $500/month to cover annual taxes and insurance.) Got a reasonable 12 month's in spendable savings. Still, I have three mortgages, but those are performing assets in the form of rental property. There is a much bigger note on an apartment complex, but I'm just a 5% member of an LLC. But that one turns a 9% return (though the investors agreed to only take out about 7.5% to build additional equity, so that we don't ever have to have a dreaded "cash call" if the capitalization proves too low - but so far, so good.) 5 - I retired at 59 1/2, and nope, don't do conspicuous consumption. But I am driving down to Austin later today to celebrate the 60th birthday of a college bud (who actually also retired early.) If people would take your very good advice, they'd be much better off! Thumbs up.

@MinorityMindset

5 жыл бұрын

WOO!

@LAC32Griffin

5 жыл бұрын

Make it happen!

@pakigangsta5

5 жыл бұрын

Congrats Ken! As a 28 yr old with two properties and 3 months of savings in the bank. I can tell you it is def not easy as it was for you, 30 some years ago. I think if people can have just their home that they live in paid off would be an accomplishment in itself.

@kendavis8046

5 жыл бұрын

@@pakigangsta5 I only began the real estate stuff about 3 years ago, but if you continue to buy real estate, stocks, businesses, you can probably retire WAY earlier than I did!

@pakigangsta5

5 жыл бұрын

@@kendavis8046 damn that's impressive brotha! I bought mine at 24 and 27, thinking of getting another before 30 but that's it LOL I actually don't ever want to retire, I'd lose my mind of boredom

I agree with these points. I’ve taken your financial advice and invested in a few companies. Not much, but it’s good to start somewhere. Your videos are great, thank you!

I’m getting a new lambo. “Orders a green screen”

@happychampion3096

5 жыл бұрын

Hahaha funny very funny...

@no3mun0z

5 жыл бұрын

Lamborghini oppo find x

@JulioLopez-xz5kx

4 жыл бұрын

Here in my garage...

Where were you about 19 years ago. I like your videos man. 🤙🏿

@lockhamj

5 жыл бұрын

Exactly,

@Loven0071

5 жыл бұрын

He was a baby buying some unicorns.

my dad always said that the person you see driving a rolls Royce is probably on the verge of bankruptcy...but there is a 60 year old guy driving a 15 year old Buick ,using coupons in the supermarket and he has millions of dollars.

Lol my friend paid like 6K to go to Coachella, but wouldn't put in 2K max with me to flip a Camry or Corolla on craiglist. Which fixing cars is something he's been saying he wanted to do lol.

💯💯💯💯THANKS FOR THE VIDEO'S KING

Couple of my friends have worked as taxi drivers and there were telling stories about people who would order a ride all the way from suburbs and ghettos to the luxurious areas with fancy night life. There weren’t living the life, if you could say that. Tragic.

@grod805

5 жыл бұрын

What? So if you live in the ghetto you should not party at the better night spots?

@anitaares8271

4 жыл бұрын

He's saying the partying should wait until you can actually AFFORD it. Read The Millionaire Next Door to understand the rationale.

61%?!!! A thousand dollars?!!! Never been so proud of being a cheapskate.

@remdog6699

5 жыл бұрын

Tina's baby yep, el cheapo is my name 😂

Great one.

0:29 he just faked scratching head over his turban lol 😂 good Jaspreet veere

“The one thing that’s holding the majority of people back from being real rich is that they rather be fake rich today” Man, Jaspreet did really spit some harsh truth right there.

Love watching your videos

Loved this!

ANOTHER GREAT INFORMATIVE VIDEO, THANK YOU, JASPREET!

As always you're sharing great advice! Thank you for uploading this video x

I love you man 'm 20 yrs old and I started a business with my own money and I've always lived like this if you see something you can't afford dont bother

Another great one.

Great video.

🏅Great video: Entertaining and Extremely True! Keep up the great content! 👍🏻

Great video!

Nice one Jaspreet

Aye, people just don't know how quickly the dollar adds up, though they're constantly spending for short-term momentary comforts like all you mentioned in this video. It's really sad to see those tears...If you know you have to make a decision that will lead to another at some point, better take your time and make a long-term plan instead. Bruce Lee once said, "Don't wish for an easy life, for everything else will be difficult; work hard and life will be easy."

20 thumbs down from people who just learned the truth about themselves, and had to lower their level of arrogance.

So now I know that I am not fake rich. 1 ) no hire purchase Car 2) no music festival. 3) no Nikes too. 4) no house too. 5) no long work hours too. Just do not work. Don't have to worry about paying off purchases. Just do not purchase anything. Now I know that am fake poor.

Thank you Jaspreet for another very informative video. I learn so much from you and get some good laughs to boot, too, from your humor!

Dude, I love watching your videos!

I am here just to see you, Jaspreet. you always motivate me!

What’s up bro! Love your videos man. You the man bro

Solid content Jaspreet!

Here for the lame jokes 🤫🤣 Great video!

I enjoy listening to you. You always make me think. What is your opinion on whole life insurance?

I love the fact that you are so self aware .

Jaspreet, u need to do a video of ur setup n equipment that u use for ur videos they've gotten good!! thanks for the valuable info ;)

On point.

Got that sick whip tho brooo 😎😝

I'm here because you are entertaining as F! And I learn something each video... Thanks!

@kimmer6

3 жыл бұрын

I just marvel at his turbans. They are all wound alike. I think they are fiberglass with cloth-like coating. They are too perfect.

I'm happy to learn more

I enjoy ur videos man

I love your personality!

A lot of people nowadays would rather be "fake rich" with ATTENTION, than be "wealthy" with PEACE AND QUIET, unfortunately. BK

I smashed the like button.

Ur presentation skills are simply awesome

You are the master of coolness! Thank you - will go buy a similar pagh shortly

Perfect blend of education and humor. Well done.

I always remember what you said many months ago......if you can't afford 5 of them then you can't afford 1. Always something I think before buying anything. Thanks. Cool turban btw😎

I'm super low key! I drive a Toyota Corolla, have a paid off home, about 600k in investments, passive income of $1,700 each month, $3200 month pension and $ 1800 in dividends every quarter! I live off $1800 per month I get to do what ever I want!!! I bought clothes about 7 years ago and I love it!!! The most expensive thing I wear is my 2 gold chains and 2 gold rings worth about $15,500!

*Being rich is being happy with what you have!*

@NotShowingOff

5 жыл бұрын

Choose what you have. Don’t let what you have choose you.

@FentoZ

5 жыл бұрын

Amazing comment

@kimmer6

3 жыл бұрын

''Good enough for me'' has worked for all of my life. I retired with no mortgages, no debts, a few bucks in the bank, and no worries.

@Bitachon

3 жыл бұрын

@@kimmer6 NO worries!? Amazing. good for you!

I need to watch this so i can ROAST a "rich kid" in my school

Love you bro

I actually think you are very good looking Jaspreet. 🥰

@LittleAfrikkana

5 жыл бұрын

Beamer B Jaspreet is Finance Bae

@nrsimmons178

5 жыл бұрын

@@LittleAfrikkana I second this title!

@danielhilley4818

5 жыл бұрын

Everybody thinks he's good looking! What? You think we're for financial advice?

@bslorbust

4 жыл бұрын

Daniel Hilley lolol

@annadearyan1092

4 жыл бұрын

Yes he is handsome👍😊

“Or maybe you just wanna see my face” *Yes, I do!* ❤️ love your channel

Thank you, I feel better now.

You always make me smile and I learn a lot as well. Thank you

Pro tip: If you finance your car at a low (~3%) interest rate, you can use that saved money to make a greater return in the stock market.

Awesome Turban😍

"What did i tell u about playing on my lawn!??!"🤣🤣🤣

Yup! We miss your face Jaspreet! 😀

That "it might seem" like matched the music lol

Another sign: when they have to convince and try hard telling other people they are rich. Real rich people don’t have to prove it. It’s just there in your face.

If only I was fake poor. I'm the real deal

@MinorityMindset

5 жыл бұрын

😂😂😂

@TJTrickster

5 жыл бұрын

Yeah that's something

Yeah it's actually.......... "miss your face" you got me.....

Love the comment on the car. My car is an 03 with 193K miles. When it was paid off more than a decade ago, I have been saving and investing. When I am ready to renew the car, it is already paid for. In the meantime, I took advantage of the huge stock market sale last spring. When some stocks spiked in price, put them on a stop loss sale. Now I have to pay taxes on about 50K of realized capitol gains. Next car is already paid for, but I like the way it is returning dividends and growing in the market. Remember, buy low, sell high, in profitable companies. Avoid the companies with negative EPS and high debt. Now if I want to go to a festival, I'm usually in the sound booth. :-)

When I drive by a house and see a fence falling over, propped up with 2x4 or rope and missing boards. Fake rich!

DUDE!!! You crack me up while I am learning. I love it. I only found your KZread channel a couple of months ago but I am already changing my entire way of thinking and looking at life and the World around me. Now I am constantly looking for new opportunities. I had a decent start over the past 20 years but not enough of one to get the BIG snowball rolling. It is now rolling. :D Thank you so much for offering all of this information.

I did miss seeing you on your YouTUbe channel.

Sign #:1: Your lifestyle is funded by debt.

@ShamileII

3 жыл бұрын

Bingo!

@majorbhaskaranrb3624

3 жыл бұрын

And the bad kind of dept not the good dept

Love your humor

I have been copying your you tube temples and blog structure Its much simpler than creating it from scratch thanks again

Awesome line. “Product Rich”

Liked those crickets! 😁

More money and less time is definitely fake rich. I feel like time is money 💰 so I’m always trying to free up my time while I make more money. Great video as usual

Harry Potter theme was lit 🔥

you da boss!

True man 👊 I see lots of fake rich these days!

Already! Get the bag!

Nothing wrong with leasing or financing a car. I do that. Instead of paying cash for a car, I invested the money and use the dividends to pay the monthly payments. I still have my money and now I have a free car... lol... if I paid cash, I'd have a car and a lot less money. That's my style... I invest the money that I work for and only spend the dividends.

@jamie49868

5 жыл бұрын

Really it makes no sense to save up $25,000 only to drop it on a car instead of investing it. Maybe if interests rates were sky high, but they are really low now. You got that 25K working for you the whole time.

Also Fake Rich are mean to customer service representatives. "Old Money" appreciates service people. "Fake Rich" or "New Money" people don't appreciate good service.

Jaspreet you make me laugh 😆 and you are definitely cool 😎, I have to give you a hug...................thank you. 😊

When someone only knows how much their expensive new phone or car costs in monthly payments is a pretty good indicater of fake rich.

@kimmer6

3 жыл бұрын

My elderly brother in law inherited the Jim Beam fortune. He had a sprawling house in Palm Desert that had maybe 6 big zone air conditioner units outside. The stone floor was cold, the air was too cold and he asked if I wouldn't mind if he turned up the thermostats. Not at all. His wife always set them very low. When I asked him what the electric bill was, he didn't know. He said he has secretaries in Chicago who take care of paying bills. Hours later by the pool, he was still thinking about it. He said he would ask about the electric bill just out of curiosity. The cost is something he never thought of. Everett is sitting in the sunshine getting a tan in Heaven now. He was a great guy.

Nothing else to watch today so I decided to see what you were talking about.

LoL...you made me laugh...your soo funny...I hope you make similiar videos...as interesting...Ha ha ha!!

5:31 -- You are right!

ok, I agree on all this, BUT taking out a loan on a car isn't the worst idea, WHEN you get the right car. My 2002 Lexus IS300 SportCross may be financed. But It's still in great shape, and is guaranteed to hold it's value, if not gain more over the years

I smashed the like button to let you know that you arr the master of coolness. Also to make you sleep better. You are welcome ❤