"This Will Determine Who's Rich vs Broke" - Build Wealth In The Upcoming Recession | Jaspreet Singh

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Get ready to revolutionize the way you think about money, inflation and the impending recession?
On today’s episode of Impact Theory we have Jaspreet Singh, Chief Executive Money Nerd at Minority Mindset Companies from Punjab, India. He has been putting in the work to spread financial education and opportunity on KZread for years and if financial literacy wasn’t a class you took in school, this is your chance to improve your knowledge around building wealth and getting rich.
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. And few understand 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.
During this conversation, we touch on:
- Emotional fulfillment and ambition in building wealth
- Passive investing with ETFs
- Government spending, stimulus checks, and consumer spending habits
- Active vs. passive investing
- Misconceptions about wealth and the primary way to build generational wealth
- Importance of financial education
- Different avenues for building equity
- Effects of money printing and inflation
- Concept of workers vs. owners
- Long-term investment versus short-term gains
- Risks of over-leveraging and economic upheaval
- Dollar-cost averaging and the value of long-term investing
- Importance of owning assets in the face of government action
- The impact of inflation on savings and wealth gap
Start turning the tables and making better financial decisions to not just prepare for a potential recession, but to also start building real wealth.
Chapter Markers
[0:00] Long-term Wealth Over Trading
[42:01] Why You Can’t Make Money
[1:12:11] Build Wealth Like The 1%
[1:44:55] The Most Important Wealth Rule
[2:13:34] This Keeps You Broke
[2:41:21] Is America Collapsing?
Powerful Insights From Jaspreet Singh:
“The interesting thing about the Federal Reserve Bank is it’s called the Federal Reserve Bank, however it’s not federal, it says so on their website. They’re not a reserve, they don’t keep cash reserves anywhere. They’re not a bank! You and I can’t go there to deposit money.”
“If you understand the system, you can use it to your advantage. If you don't understand the system, it is going to screw you over many, many, many times.”
“Inflation is what causes the supply chain issues and now we’re trying to go backwards, but this is where the rich get rich and the poor get poorer...”
“Inflation now is a hidden tax, it’s a silent tax. It affects the people that don’t understand money, and it disproportionately affects the poor and the financially uneducated, [...] if you don’t understand this you’re going to get screwed over.”
“I was dumb because I didn’t really care about risk, I never even looked at risk, for me it was opportunity, that’s all I saw. It was a way for me to get started.”
“Everybody in America should be a business owner, however, not everybody should be in the business of starting a company and not everybody should be in the business of operating a company.”
“I like to call it net zero thinking, where if I have cash I need to spend it, [...] it’s the consumer mindset of, if I have this money, I need to spend it.”
“You’re never going to be able to out save inflation. Your savings are literally making you poorer each and every day.”
“You have to be the one now to go out of your way to start learning this, and thank God for KZread because now we’ve decentralized education.”
"You lower some of your upside, but you also lower some of your downside, because now if you run through that same scenario where the McDonald's executives run the corporation into the ground and they go bankrupt, well, you have 499 other companies in the portfolio, so you're okay."
Follow Jaspreet Singh:
Website: theminoritymindset.com/
Instagram: / minoritymindset
KZread: / @minoritymindset
Follow Me, Tom Bilyeu:
Website: impacttheoryuniversity.com/
X: / tombilyeu
Instagram: / tombilyeu
If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: dexa.ai/tombilyeu
Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships

Пікірлер: 358

  • @TomBilyeu
    @TomBilyeuАй бұрын

    WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!

  • @v-tube3417

    @v-tube3417

    Ай бұрын

    Yup! This happens all the time tonme especially if I comment on Ukraine, Israel, or anything Anti Corrupt Establishment!

  • @wraithdreams

    @wraithdreams

    Ай бұрын

    Upload videos in 4K because KZread made fun of FullHD.

  • @MinorityMindset
    @MinorityMindsetАй бұрын

    Thanks for having me on Tom!

  • @amulekmera

    @amulekmera

    Ай бұрын

    Thanks for sharing your information and knowledge! This is absolutely amazing thank you! 🙏🏻

  • @Dan_Matwij
    @Dan_MatwijАй бұрын

    Death of the middle class?? It's been dead for 20 years

  • @christopherbuckley7544

    @christopherbuckley7544

    Ай бұрын

    50

  • @tnpermaculture2130

    @tnpermaculture2130

    Ай бұрын

    What have I been for the last 20 years in that case?

  • @christopherkeith6503

    @christopherkeith6503

    Ай бұрын

    An exception.

  • @susanls2909

    @susanls2909

    Ай бұрын

    Has not been dead for 20 years…

  • @TheWhitehiker

    @TheWhitehiker

    Ай бұрын

    A bit of a stretch.

  • @smcdoug11
    @smcdoug11Ай бұрын

    Tom, what's the point of having someone on your show you talk over, correct and tailor questions that make them answer the way you want. We want to learn from the guest!! You clicked baited me into listening to you, again!

  • @kenramnath30

    @kenramnath30

    Ай бұрын

    I agree with this comment because Tom craves attention this way and it’s annoying.

  • @Man-u-flex

    @Man-u-flex

    Ай бұрын

    He can’t help himself he’s the worst host man

  • @yesnomaybeso5755

    @yesnomaybeso5755

    27 күн бұрын

    @@Man-u-flexnot at all. It is good to object to show different perspectives. Which in turn helps people understand the topic a lot more.

  • @BigFattyNat

    @BigFattyNat

    12 күн бұрын

    classic tom tbh. his names tom right? sorry hes a bit of a nobody tbh.

  • @roseylumber
    @roseylumberАй бұрын

    This is definitely something to think about. The dynamics of wealth distribution seem to be shifting dramatically.

  • @Larry1-pl2wq

    @Larry1-pl2wq

    Ай бұрын

    Absolutely. I think making the wrong decisions now could really impact our financial future.

  • @Thomas-ff7wn

    @Thomas-ff7wn

    Ай бұрын

    It's crucial to stay informed and make strategic decisions in light of these shifts.

  • @camela8445

    @camela8445

    Ай бұрын

    I have been able to make good decisions thanks to my Fin planner

  • @camela8445

    @camela8445

    Ай бұрын

    ERIC PAUL ELMER

  • @mariadrukker2557

    @mariadrukker2557

    Ай бұрын

    I just looked his name up On google

  • @michealian2607
    @michealian2607Ай бұрын

    What really defines being a part of the middle class these days? In essence most people do not own anything but a lease in this country.

  • @WisdomSuccessAbundance
    @WisdomSuccessAbundanceАй бұрын

    There is the rich and then there is the working class There is no middle

  • @stevewoitas7217

    @stevewoitas7217

    Ай бұрын

    It's a natural result of Monetary inflation.

  • @susanls2909

    @susanls2909

    Ай бұрын

    There is a class that doesn’t work. It puts us, the workers, in the middle.

  • @ashleycooley561

    @ashleycooley561

    Ай бұрын

    The "haves" and the "have nots". Those are the only classes

  • @Realsesar

    @Realsesar

    Ай бұрын

    There’s always a middle class…there’s been one for thousands of years even during the times of the Romans. There is and will continue to be in the future.

  • @user-lb8bg6kj9m

    @user-lb8bg6kj9m

    Ай бұрын

    Working class is being turned into the working poor, and this is deliberate.

  • @Etheralstew
    @EtheralstewАй бұрын

    @TomBilyeu, my dude, STOP INTERRUPTING THE GUY. You're be rude and it's hard to watch. I know you want to say something, but let the poor (rich) man finish.

  • @carloscollado7400

    @carloscollado7400

    Ай бұрын

    Except that often they are the questions that provide clarification and help us understand better.

  • @Man-u-flex

    @Man-u-flex

    Ай бұрын

    @@carloscollado7400no they don’t ever

  • @yesnomaybeso5755

    @yesnomaybeso5755

    27 күн бұрын

    @@Man-u-flexactually they do. If they don’t for you that’s your problem. The host isn’t going to ruin it for the majority to accommodate a complainer.

  • @nicolaa9672

    @nicolaa9672

    4 күн бұрын

    ​@@yesnomaybeso5755I wouldn't say that it's their problem. It's their opinion. They have a choice. They don't have to watch it. Instead they do and then complain. I agree with your opinion. I like that it's more like a conversation instead of Tom just asking questions.

  • @sinist4r_gr1n14
    @sinist4r_gr1n14Ай бұрын

    Holy crap Tom, let him get out more then two words before interrupting. Why have him on if you won't let him finish a thought.

  • @davidr9589

    @davidr9589

    Ай бұрын

    Tom isn't a good interviewer. He doesn't have kids, he's rich and impatient.

  • @mattsmith259
    @mattsmith259Ай бұрын

    "It's not about the money".... that statement is bullshit!... I have yet to see a rich person give it away and start all over!

  • @shahzaadchacku

    @shahzaadchacku

    Ай бұрын

    It's easy, you just need a small loan of about a million dollars 🤡

  • @bullishkrypto

    @bullishkrypto

    Ай бұрын

    "Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” They never give it away. Niether would you in the same case. It's like a law of Physics.

  • @yamilethcalderon1171

    @yamilethcalderon1171

    Ай бұрын

    Gary Vee

  • @advocate1563

    @advocate1563

    Ай бұрын

    It's always about the money

  • @ya4dang1

    @ya4dang1

    Ай бұрын

    We're only human. We never treasure we have until we lose them.

  • @mattsmith259
    @mattsmith259Ай бұрын

    Who is comfortable? Who can wait 40 years? Invest in stocks so the rich can rug pull your ass! Lol

  • @HermitagePrepper
    @HermitagePrepperАй бұрын

    Living humbly and saving is always smart. Should emergency happen, you can handle it without disrupting your life. Having the basics covered at all times is the correct way

  • @EddyOttArp
    @EddyOttArpАй бұрын

    Its not an interview, its a monologe with pictures of someone else.

  • @greenmetalbox1719
    @greenmetalbox1719Ай бұрын

    I lost a lot of respect for Tom with his stance on AI being: 1. AI will absolutely bring about massive economic upheaval and job loss. 2. I will absolutely participate in it’s use for short term gain, knowing that in the long term, it dooms everyone.

  • @BitcoinMeister
    @BitcoinMeisterАй бұрын

    I spent my $3000 gov stimi checks on BTC!

  • @protomon
    @protomonАй бұрын

    This guest is someone you 100% should NOT LISTEN TO.

  • @SH-bw5fx

    @SH-bw5fx

    Ай бұрын

    Can you elaborate , why not ?

  • @ShivaShaktification

    @ShivaShaktification

    Ай бұрын

    Reason??

  • @SH-bw5fx

    @SH-bw5fx

    Ай бұрын

    @@ShivaShaktification i meant to say for which reason we should not listen to [ jaspreet ].

  • @stevewoitas7217

    @stevewoitas7217

    Ай бұрын

    Exactly!, don't listen to him if you don't want to understand Finance, Economics, and Investing.

  • @ShivaShaktification

    @ShivaShaktification

    Ай бұрын

    @@SH-bw5fx i was asking protomon for an actual non prejudiced reason

  • @jonquindiagan7625
    @jonquindiagan7625Ай бұрын

    Thank you for sharing this!

  • @stevewoitas7217
    @stevewoitas7217Ай бұрын

    Great guest, making sense 99%.

  • @kevinShau2023
    @kevinShau2023Ай бұрын

    Jaspreet Singh? Isn't he one of the people who promoted FTX and has a channel full of economic doom and gloom content?

  • @DouglasRamirez-dj7sd

    @DouglasRamirez-dj7sd

    Ай бұрын

    Yep , he was a full blown FTX shill 💯

  • @henrythegreatamerican8136

    @henrythegreatamerican8136

    Ай бұрын

    Yea, I thought the same thing. I remember that FTX nonsense. But Tom has been doing a bad job questioning his guests properly. He often agrees with their point of view because he is in the same economic class as them. It's fine if Tom mostly agrees with what these guests are saying, but at least point out the counter argument on why your view could be wrong. Not sure why I bother clicking on these interviews anymore.

  • @simspektor

    @simspektor

    Ай бұрын

    This guy. Just a bunch of corporate media talking points. Remember when all he talked about was FTX?

  • @jaysportsenthusiast7632

    @jaysportsenthusiast7632

    Ай бұрын

    Yall are tripping. He doesn’t promote doom and gloom. He promotes how to invest your money in future assets. How to manage your money. He made his money in real estate

  • @simspektor

    @simspektor

    Ай бұрын

    @@jaysportsenthusiast7632 Bruh, he’s not reading these comments. No need to kiss his ass.

  • @MiaNamboothiripad
    @MiaNamboothiripadАй бұрын

    I am not wasting my 3 1/2 hours on this. No way!

  • @chaddy-me-boy8299

    @chaddy-me-boy8299

    Ай бұрын

    I kinda said the same thing.

  • @MiaNamboothiripad

    @MiaNamboothiripad

    Ай бұрын

    @@chaddy-me-boy8299 oh you bet!

  • @MiaNamboothiripad

    @MiaNamboothiripad

    Ай бұрын

    @@chaddy-me-boy8299 oh you bet!

  • @saphire82

    @saphire82

    Ай бұрын

    I have felt this about a lot of KZread fear mongering lately. Like people need to get back to their lives, who has time for this?

  • @TheRusschannel

    @TheRusschannel

    Ай бұрын

    agree

  • @gabriellegwen7365
    @gabriellegwen7365Ай бұрын

    AMAZING!!! came across this video and have subscribed to both 👍🏼

  • @bigrich713
    @bigrich71314 сағат бұрын

    I also like how Tom pushes back on all his guests, it’s a great way of playing the devils advocate to help bring more depth to the conversation which helps everyone watching to understand the content that much more. I love what you’re doing Tom, keep up the great work!!!

  • @SilverLumberjack
    @SilverLumberjackАй бұрын

    Tom, what is up with just clipping together past interviews.

  • @poetmaggie1
    @poetmaggie1Ай бұрын

    The power hungry need the poor to maintain their power.

  • @user-lb8bg6kj9m

    @user-lb8bg6kj9m

    Ай бұрын

    Yep. That's why they are turning the working class into the working poor. Capitalism inevitably turns into Crony Capitalism.. 😢

  • @mattsmith259
    @mattsmith259Ай бұрын

    This advice only works if you live forever....

  • @Marsh1983
    @Marsh1983Ай бұрын

    Any optimistic videos coming up any time soon?

  • @mrmustangman

    @mrmustangman

    Ай бұрын

    n o

  • @davidr9589

    @davidr9589

    Ай бұрын

    Nope

  • @dewaltcane

    @dewaltcane

    Ай бұрын

    These doom and gloom predictions are like telling someone everyday that diarrhea is coming… when that 💩 day comes, they’re Nostradumbass

  • @hogue3666

    @hogue3666

    Ай бұрын

    Fresh out of white pills

  • @neiltopia
    @neiltopiaАй бұрын

    JASPREET! Sooo glad to see you on Impact Theory💪🏻💪🏻. Love your Message. Minority Mindset has helped me tremendously…..And Yes I Am A Briefer!

  • @aguywhohikes1271
    @aguywhohikes1271Ай бұрын

    Jim Rohn - “I can tell you gentleman, the 80s are going to be like it’s always been”. Tom it’s unfortunate how down the rabbit hole you’ve gone with this. There is always something to be worried about. The stoics knew this 2,000 years ago, all you can do is focus on the growth of your life and inspire people through making positive changes. Yes, you are making positive changes and my comment is a meaningless comment amongst thousands (by the way I love what you do), but please try and escape this stuff. Our lives go by and then we end up on our death bed constantly being scared of stuff we have very little control over. The fed, the WHO, WEF, etc. Anyway, you won’t read this which is fine 🤣 best of luck man just something to think about.

  • @stevenmichaelmarlowe

    @stevenmichaelmarlowe

    Ай бұрын

    Yep, you’re right. The big and seasoned investors say the same thing: It’s always Chicken Little time with “The sky is falling”. So you just have to tune out all the sensationalism

  • @freebird7369
    @freebird7369Ай бұрын

    How can you invest living paycheck to paycheck? Y'all seem a little out of touch with the average person.

  • @AndrewgSpeedruns

    @AndrewgSpeedruns

    Ай бұрын

    A little money added *consistently* goes a long way. It's about time in the stock market more than anything else.

  • @user-lb8bg6kj9m

    @user-lb8bg6kj9m

    Ай бұрын

    ​@AndrewgSpeedruns Inflation is eating through that little money added away faster than it's being added. The objective is to keep the vast majority poor and working as serfs.

  • @jakehernandez12933s
    @jakehernandez12933sАй бұрын

    you could tell tom Really wants the general public to learn some principles of finance because at this point jaspreet has been on like 3 times already, explaining super basic stuff, and Tom, who already knows this, is happy to sit thru it For Our Sake! so that we can learnnn 🤓❤️🙏🏼

  • @ChristopherAkin42
    @ChristopherAkin42Ай бұрын

    The middle will always be half way between comfort and pain, so for god sake courtesy flush is not just civil but greatly appreciated

  • @rajsteint6487
    @rajsteint6487Ай бұрын

    So many haters in the comment section. Holy shiittt budssss. This guy has been on so many very popular KZread channels with Millions of subs and he himself has over a million subs. Why the fack do people hate so much. If you don't like his opinion then shut up and move the fack along

  • @Kristofur77
    @Kristofur77Ай бұрын

    This dude gets it!

  • @stevenmichaelmarlowe
    @stevenmichaelmarloweАй бұрын

    It strikes me as strange that I have heard this Punjab story many many times from Minority Mindset and even as assured as I am that Tom has heard the story, Tom reacts dramatically as it’s the first time hearing this. Hmmmm.

  • @ismaelhall3990
    @ismaelhall399017 күн бұрын

    Loved the knowledge

  • @kluu5088
    @kluu5088Ай бұрын

    At the end of the day, if the govt can print money on demand why does anything else matter, taxes, consumer spending etc are irrelevant. Besides printing there’s hundreds of billions of dollars flowing back into the US from all over the world because the dollar has been weaponized. The US govt wants inflation so the debt seems smaller. If the basket they use to gauge inflation included the proper items current inflation would read 18-20% min, don’t let the manipulated inflation/economic data put out by the same govt fool you.

  • @user-lb8bg6kj9m

    @user-lb8bg6kj9m

    Ай бұрын

    Taxes are a means of forcing you to provide value to that worthless fiat.. value which those connected to the central bank get to steal by printing. It is no coincidence that the Federal Reserve and IRS came into being at the same time. A closed loop mechanism of one side printing and the other side siphoning off.

  • @randya322
    @randya322Ай бұрын

    I love all your content, but these 3-hour videos are killers. 🙂

  • @pipedreamss

    @pipedreamss

    15 күн бұрын

    That's what I've been saying.. get to the point... gees!!

  • @mattpen7966
    @mattpen7966Ай бұрын

    Nice, Jas is levelheaded and rational on finance

  • @christopherbuckley7544
    @christopherbuckley7544Ай бұрын

    People change when the pain of change becomes less than the pain of staying the same. Until we realize the breadth and depth to which the pain of poverty destroys all, the wealthy will continue to believe they will suffer nothing, and continue to destroy all in the arrogant belief of doing good.

  • @jenniferhoffman1973
    @jenniferhoffman1973Ай бұрын

    TO BELEIVE A THING IS A LIE.... TO EXPERIENCE IT IS THE TRUTH....

  • @CurtJunya
    @CurtJunyaАй бұрын

    JASPREET!!! I discovered him before this show. Happy to see he’s getting some shine.

  • @soundsnags2001

    @soundsnags2001

    Ай бұрын

    Yes, this hidden gem only has a couple million KZread followers. Glad he's finally getting noticed.

  • @ferrugenfish
    @ferrugenfishАй бұрын

    Good talk gents, thank you. Told me what I already knew but needed to have it reiterated multiple times in succession... seriously lol. I'm going to put more into auto investing index funds and less on guessing the fate on individual stocks. Of course I'll still "play" with stocks, just increasing the auto-stuff so I have less money to buy individuals.

  • @galeparker1067
    @galeparker1067Ай бұрын

    Consequence of mid 60's forward with "Cloward-Piven Strategy"?? 🤔🇨🇦

  • @GODHATESADOPTION

    @GODHATESADOPTION

    Ай бұрын

    Kalergi too

  • @mitchlopina
    @mitchlopina18 күн бұрын

    Great episode, Jaspreet is a great guest. He really tells it like it is, and is easy to learn from. The two of you are a great duo. I really enjoyed watching/listening.

  • @actualfacts1055
    @actualfacts1055Ай бұрын

    You get rich slowly, if you can't get yourself to do that then you deserve to have a poor retirement.

  • @joellemedina8763
    @joellemedina8763Ай бұрын

    Are all of these 3 conversations recent?

  • @tabithasantos9809
    @tabithasantos9809Ай бұрын

    Good stuff

  • @TomasZaoral
    @TomasZaoralАй бұрын

    hi Tom or anyone who knows what is the chairs in the studio? thanks in advance

  • @matt79de
    @matt79deАй бұрын

    I have a better suggestion than "buy low and sell high": "Buy low and play dead."

  • @CnmeflyTodd
    @CnmeflyToddАй бұрын

    How do I get my hands on the OLD cookies and cream Quest bars... For the love of God, I don't care if there was an unhealthy oil in it!

  • @bigrich713
    @bigrich71314 сағат бұрын

    Govt spending is out of control, taxation on the American people is out of control, it’s time to go through the pain to end the taxation and reform this govt so we can take our freedom back. We are not free u til we aren’t being taxed, period

  • @dan2304
    @dan23046 күн бұрын

    Unfortunately, there are developing issues appart from economic/monetary, or geopolitical that too many deny, ignore or don't understand. Global warming impacts are a major issue, but even bigger is declining global energy and commodities supply. That is not saying those issues are not inter-related.

  • @gretsch802
    @gretsch802Ай бұрын

    There is no middle class, there was, but then good old GREED showed up to the party and crashed it!

  • @OfficialJLOVE
    @OfficialJLOVEАй бұрын

    Thank you for this video! I have no idea about investing, and been wanting to learn! Needed this video! 💯🙌🏿🙏🏿

  • @diederikmajoor1019

    @diederikmajoor1019

    Ай бұрын

    You better not invest at all. Eventually you will go broke because of a statistical phenomenon called gambler's ruïn (which also renders Tom's quest for eternal life an impossible one)

  • @codymartin4405
    @codymartin4405Ай бұрын

    I find it hilarious that nobody talks about how the people who provide basic services to the public (and elites) every day just need to become real estate investors or start a successful business to be treated with dignity and paid a living wage 😂.

  • @doniver7714
    @doniver7714Ай бұрын

    That's ultra important knowledge and thank you Tom for doing so important work 🥰 1 small food for thoughts -> Could you not mix different videos inside one piece of content in section you mark as "Full Episodes of Impact Theory" ? It's super hard to watch when you saw previous videos recently 😢

  • @missmodern
    @missmodernАй бұрын

    Best guest ever!!!! ❤❤❤

  • @truthseeker9701
    @truthseeker9701Ай бұрын

    Middle class is already dead!! All going as plan as the money printer goes burrrr

  • @glynmatthews678
    @glynmatthews678Ай бұрын

    Tom should back off sometimes .... He loves the sound of his own voice

  • @damonsasso4091
    @damonsasso4091Ай бұрын

    Did you guys do something with the audio, interview sounds muddy.

  • @rangeldobrev8520
    @rangeldobrev8520Ай бұрын

    Sometimes it is difficult to watch this channel. The reason is the host always talks too much. It is like one guy talks 1000 things instead of 1000 guys talking 1000 things.

  • @ziv2liv
    @ziv2livАй бұрын

    For most people, buying and paying off their home is the best way to ensure that when they retire or no longer can work, no one can kick them out of their residence, it's not about investment, it's about security. I am 70 years old and has been retired for the past five years, my own home is the only property (out of nine) my wife and I own, that the mortgage on it hasn't been completely paid. All our other properties are paid of, buthowever, we are not the rule, but rather the exception. Most people don't get to own that many properties.

  • @user-lb8bg6kj9m

    @user-lb8bg6kj9m

    Ай бұрын

    That's been the way in the past. That does not mean it will be so for the future. It might well end up being a mill stone around your next 2 to 5 years from now.

  • @ziv2liv

    @ziv2liv

    Ай бұрын

    @@user-lb8bg6kj9m Explain... I will complete paying my mortgage in 3 years. Every house my wife and I own (Free and clear) has a higher rent than my mortgage payment.

  • @swolequeen5411
    @swolequeen5411Ай бұрын

    Love my daily Market Briefs 🥑🥑🥑🥑🥑

  • @Eskimo055
    @Eskimo055Ай бұрын

    Cmon man!!! ADDS every 5 min!!! Its ridiculous!

  • @mattanderson6672
    @mattanderson667215 күн бұрын

    Thanks guys

  • @chaddy-me-boy8299
    @chaddy-me-boy8299Ай бұрын

    Havnt listen yet, but just from the title is what I’m trying to solve with my start up. We need to intertwine spending and consumerism with investing and ownership automatically. Accumulation of assets easily to offset inflation. Allow the middle class to invest their contributions in social security and use the magic of compounding over 40 years to equal millions.

  • @mattsmith259
    @mattsmith259Ай бұрын

    Assets are only as valuable as what someone is willing to pay you for said assets.

  • @123prestolee

    @123prestolee

    Ай бұрын

    Better to have said assets, than not.

  • @ExecutiveZombie
    @ExecutiveZombieАй бұрын

    Eloquently said… Thank you.🙏🏽

  • @freigeist3161
    @freigeist3161Ай бұрын

    This guy with the cap should more listen and less interrupting the guru!

  • @orczan8533
    @orczan8533Ай бұрын

    Great conversation but damm do I get peeved when you keep interrupting the guest when they're trying to make a point

  • @913_Niyala
    @913_Niyala21 күн бұрын

    The information I feel that's really lacking for the public is how do you invest as a dual citizen of specific countries.

  • @lynn1994-----
    @lynn1994-----Ай бұрын

    Can someone tell me the conclusion

  • @marvinmanson5773
    @marvinmanson5773Ай бұрын

    I like that...Save money for 3 reasons or don't save money at all...I'm weak😂😂😂

  • @djbomber9583
    @djbomber958318 күн бұрын

    Aint nobody living in a tent getting a stimmy cheque buying egss my guy 😂😂😂😂

  • @RedMusicMagic
    @RedMusicMagicАй бұрын

    It may not be possible now, depending on the volume of private traders, but there is a third option to trying to beat Wall Street, and that’s by very closely shadowing their moves. You’ll beat a lot of other traders out there just doing that, and that’s actually all you have to do. If you had to beat the big pros, you’d never win…but that is a false assumption. You only have to beat 1 other trader, on each trade.

  • @user-ke9bp5vm3m
    @user-ke9bp5vm3m18 күн бұрын

    Wow! Thank you for explaining How Clickbait works!👍

  • @LoveLiveLearnLongevity
    @LoveLiveLearnLongevityАй бұрын

    Great ., but why it has to be 3 hour-long?

  • @ExecutiveZombie
    @ExecutiveZombieАй бұрын

    We are all connected. To think that your investments, spending and money only affects you… Standby. 🤨 Love that this Gentleman compares our market money to the drug Herion. 🙏🏽

  • @billypickren758
    @billypickren758Ай бұрын

    Yep

  • @ExecutiveZombie
    @ExecutiveZombieАй бұрын

    Would you play in a Poker game knowing that some of the players are cheating? Does not that corrupt the entire game?

  • @dianepierson7266
    @dianepierson7266Ай бұрын

    Blueprint to Success by Eric who??? Thanks!

  • @divyanshsh
    @divyanshshАй бұрын

    stereo audio is messed up

  • @kalpanabhat3513
    @kalpanabhat3513Ай бұрын

    Decide life based on your experiences, your challenges , your requirements and priorities. Lectures won’t fit for everyone. Life is not mould . Take action based on situation.

  • @sebastianboninodiaz5495
    @sebastianboninodiaz5495Ай бұрын

    this is like hearing Javier Milei talking about Argentina's state of things.

  • @user-vn1se2mk5l
    @user-vn1se2mk5lАй бұрын

    Why do people think you’re competing against other traders when you trade. You’re competing against the stock, sure you might be a better trader, but that has no relevance on if I correctly assess a trade or not. It just means you’re percentage/delta would be better but it doesn’t affect my trade to the degree that you’re saying it does. Am I wrong?

  • @user-vn1se2mk5l

    @user-vn1se2mk5l

    Ай бұрын

    It’s similar to golf in ways in that you’re competing against the green. Let’s say golf was paid out based on your final score. With that assumption you could have a much better game than me but that doesn’t change my final score/pay.

  • @kauaifishing1365
    @kauaifishing1365Ай бұрын

    The fact that a class on money skills, investing, and financial literacy is not mandatory in high school should alert everyone to the intentions of the elite.

  • @xmanhall360
    @xmanhall360Ай бұрын

    49:00 calculus is always the same, stock markets change. Thats why it’s less important to learn stock markets.

  • @stevenmarkeveys864
    @stevenmarkeveys864Ай бұрын

    Is that tape on the chair? It's bugging me😂

  • @bigvic950
    @bigvic950Ай бұрын

    Investing in low cost index fund worked up until now. This is a turning point in history where passive investing will do nothing for you against inflation and even go down in value.

  • @angelorusso1549
    @angelorusso1549Ай бұрын

    They know it all

  • @sebastiaandekker1554
    @sebastiaandekker1554Ай бұрын

    Audio is a bit cracky sir

  • @actualfacts1055
    @actualfacts1055Ай бұрын

    The money has to go somewhere.

  • @kingSnipe989
    @kingSnipe989Ай бұрын

    What matters is the rate at which the currency is inflated. inflation is necessary in a Fiat system and healthy for a growing economy. Mark Yusko does a great job at explaining the system

  • @user-lb8bg6kj9m

    @user-lb8bg6kj9m

    Ай бұрын

    Inflation is stealing the fruits of another person's labor. It's about as healthy as a hole in the head. That nonsense theory is promoted by banksters who produce nothing and need to steal other people's hard earned money.

  • @alexmec3055
    @alexmec3055Ай бұрын

    45:49 stock market his a casino in the end they always win, end you loose,

  • @billypickren758
    @billypickren758Ай бұрын

    Look at tge belt and road inishitive and BRICS now BRICS +

  • @mattsmith259
    @mattsmith259Ай бұрын

    PYRAMID SCHEM

  • @TheRealTommyBear33
    @TheRealTommyBear33Ай бұрын

    I would think owning a home these days would put you in the path if not make you one of the rich especially if its paid off.

  • @ChristopherAkin42
    @ChristopherAkin42Ай бұрын

    Being rich is not determined by wealth, it's determined by what we leave behind

  • @ChristopherAkin42

    @ChristopherAkin42

    Ай бұрын

    which could also be money

  • @dougg1075
    @dougg1075Ай бұрын

    Hard times are spreading like the flu, homeboy don’t let it get you.

  • @whitenoise2027
    @whitenoise2027Ай бұрын

    Is an ETF or Index Fund used by companies like Athene for annuities?

  • @GODHATESADOPTION

    @GODHATESADOPTION

    Ай бұрын

    No ETFs own companies not vice versa, make sense?

  • @GODHATESADOPTION

    @GODHATESADOPTION

    Ай бұрын

    I love white, noise, people etc!

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