Thank you for watching! If you enjoyed this video, you should watch - How To Save $2,000 FAST (Without Earning More Money): kzread.info/dash/bejne/jJaCuM6eppiqibQ.html

@da14a49

5 жыл бұрын

UK is bad as well -£9000 a year mostly which is around $11,500 and I feel like medicine is going to KILL me

@rajjessa2461

4 жыл бұрын

Hey MM - I'm from the UK. We have a different Student Finance System. It's worth looking into and maybe making a video about your views on it.... I'll have approximately £50000 debt that I probably won't end up paying back. And NO I am not like that guy who has $235k debt. The systems different..... Look into and do you think it's worth us paying of our student debt asap. OUR STUDENT FINANCE IS PROVIDED BY "STUDENT FINANCE ENGLAND"

@farshid4215

4 жыл бұрын

Jaspreet, I want your honest feedback. I’m paying my student loan based on and income based repayment which means I pay 10% of my adjusted gross income every year for 25 years after which the rest of the student loan balance is forgiven under this plan. I have a 230k SL and Let’s say I make 100k a year but based on my AGI, my payments are $850 a month. Assume my income is going to stay the same for 25 years. I would only be paying back $255k total after 25 years. Why would I want to pay the loans back quicker if I actually end up paying less over 25 years while allowing me to save some cash and invest and have money to start a family etc etc?

@gideongannon2128

2 жыл бұрын

i dont mean to be offtopic but does anybody know of a method to log back into an instagram account?? I somehow forgot the account password. I would appreciate any help you can offer me!

Graduated medical school with a lot of debt. I went to go work in the middle of nowhere as a rural family doctor. The state paid off most of my debt. I still work there and love it. Patients bring me fresh fruit and vegetables and homemade jam.

@shresthapuja

5 жыл бұрын

Saurabh Sharma how did state pay off most of your debt?

@hottie846

4 жыл бұрын

👀👀

@shaunesseyr

4 жыл бұрын

@@shresthapuja some states are offering incentives to pay off loans if you move to their state or city for x amount of years. You can google it. Not sure if this applied to this person but it is happening.

@8Maduce50

3 жыл бұрын

@@MrUnlimitedTorque nh offers to pay off debt if you become a teacher so it's also driven by career choice and occupation needed in the state. Rural state don't have a much access to medical facilities so it makes sense they would incentives this. To move tallent from more population dense areas that have to compete with so many openings.

@kashfortheking

3 жыл бұрын

Sounds like that worked out for everybody. Glad you’re doing what you love 😃

This video makes me so glad I worked my way through college. I graduate this week from school with zero debt!

@Butterffinger5678

5 жыл бұрын

Daniel Nice! 😎

@JeffMorrisonAdventures

5 жыл бұрын

What's your degree in?

@selohcin

5 жыл бұрын

How did you finance that? Did your parents co-sign a loan or did you not need a co-signer?

@austintomkewitz7206

5 жыл бұрын

We are your biggest cheerleaders my friend

@aplusdiva7006

4 жыл бұрын

Congratulations💖👐💪

not getting rid of my car... been paid off for 3 years. Im driving that thing til it dies.

@itsyourgirlval6457

5 жыл бұрын

My car paid for too. I'm going to ride that bad boy until the wheels fall off. Lol

@iunderstanphotography2780

5 жыл бұрын

me too. Its old but I have no car note and insurance under $100

@ROFLgator1

5 жыл бұрын

This is why I bought a Tacoma in 2015 right after college. Its reliable, practical (I can move big items around like a mattress or couch), has the best resale value of any car in the market, extremely low maintenance and it's decent in gas. I've seen Tacomas with over 400k miles in them. Never selling this baby, it'll last forever.

@dsmith3614

5 жыл бұрын

ROFLgator I knew a dude who didn’t change the oil in his Tacoma for 18 months - it’s still working just fine after he finally changed the oil and filter😂

@ROFLgator1

5 жыл бұрын

@@dsmith3614 Lol. That's insane. I change my oil every 5000 miles. Synthetic oil does last longer though (if that's what he used)

Debt snowball with student loans will work wonders. You'll thank yourself five or ten years down the road.

@FIFAnick14

5 жыл бұрын

Avalanche all the way!

Yes yes yes!! Love this! My student loan taught me that extra payments solve the problem! Took that over to my mortgage years later and now that's paid off in 8 years! But the magic really has been that I've never owned more than a $9,000 car. Right now the value of my car is $500 bucks... But it's a Toyota and will go forever :-)

@DanielIles

5 жыл бұрын

Naomi Talking Money I hear Scotty Kilmer in this comment. Toyota’s are the best!

@naomiking2442

5 жыл бұрын

@@DanielIles just looked up Kilmer's videos! Love it :-)

@TrainerAQ

3 жыл бұрын

I'm actually about to get on top of all my loans 6 years after I graduated. I feel so happy that I'm finally gonna be grabbing a hold of life within this year! The rest of my life, I am going to skyrocket!

My monthly payment is $340 I have paid 360 every month. I also pay my student loans every 28 days which is 13 payments per year. I'm almost $1000 ahead on my loans.

@JeffMorrisonAdventures

5 жыл бұрын

That's a step in the right direction, keep it up. I paid mine off just before my 29th birthday, amazing feeling.

2 years in college and no student loan debt 😎

@granitemoss1451

5 жыл бұрын

You're already light-years ahead of many your age, good job!

@grabakrfen9337

5 жыл бұрын

cool

@Prince-fr2lr

5 жыл бұрын

Thanks!

@dsmith3614

5 жыл бұрын

Keep up the great work!!!

@NbaLive4ever

4 жыл бұрын

👏🏽 I wish I avoided my student loans. Good job

I paid for my second masters out of my pocket and I graduate this December!

@aplusdiva7006

4 жыл бұрын

Congratulations😳✊💪

Simple "trick", make weekly payments instead of monthly. Less interest accumulated, more principle paid. Even if the total amount is the required monthly minimum.

*I got suckered into student loans. It was what i "supposed to do."* 😟

@xlilxtrukita703

5 жыл бұрын

Black Vito - Moneyology & Philosophy feel you my friend

@chuckluvsmusic2much

5 жыл бұрын

Same here 😣😣😣

@Je.rone_

5 жыл бұрын

@@xlilxtrukita703 yup💪

@Je.rone_

5 жыл бұрын

@@chuckluvsmusic2much all we can do it make smarter decisions in the future 💪

@ariellecraig2335

5 жыл бұрын

We can definitely do it. I have a master degree in teaching and I realize I dont want to be a teacher. A waste of money but at least I have a master degree 😂. Gotta look on the bright side

The car advice is spot on...with or without student loans!

To YOU reading this, 6 months from now YOU will be in a better situation !! Hope our channel helps !!

@blade643

5 жыл бұрын

Howell Consultations damn straight! I got 25k left and shooting for a November payoff

@HowellConsultations

5 жыл бұрын

@@blade643 Get it !! 💖🙌💖

Student loans hold back so many people.

I really like this guy, he is the ONLY KZreadr that I like all of his videos. Informative, funny, fast and clear!

Just paid off my student loan this month! Best thing i ever did.

I've gotten mine paid almost a year ahead, technically don't owe a payment until March or April. Graduated with only $15k in debt.

@DanielIles

5 жыл бұрын

ewfisher89 keep it up!!

@spektred

5 жыл бұрын

I paid mine off in 3 months. Saved tons of interest money.

That magic sentence you said, “ Pay it off soon, and sooner you have good life!” Thanks for clearing that in my head to pay off my student loan off.

I managed to pay off my student loan while i am still in last semester of my college . Its all about managing your money.

I use some of my tax return to pay down my student loan I wish I was smart enough to do that when I was younger but I have 8 years left on my loan.

Im a mortgage broker in Toronto Canada and this video is great. Plain and simple, you are saying to reduce your daily average balance. I use the same technique via mortgage pay down. Hope you can make a video on velocity banking (paying mortgage off faster). I would love to show it to my clients and hopefully attract them to your youtube page. Keep up the great work MinorityMindset. -Kevin Sandhu

Id like to see you make a video on the subject of what to do with our extra money, should we invest it, or pay off low interest debts like student loans or mortgages.

Spend more. That's exactly what generates wealth. Someone else's wealth!

Just read the richest man in Babylon. Taking loans you know you can't afford will cause you to have a lean purse.

@antwana448

5 жыл бұрын

Great read or even listen! There’s a free audio book for it on KZread!

@christinajones2639

3 жыл бұрын

Great read..

*For all young people out there, think hard before getting any student loan.* I am so lucky that I had opportunity to study without taking any loan but I understand that it's not doable for everybody. if you are pursuing a degree out of passion, then go for it. But be always truthful with yourself and don't get huge debt for nothing.

So glad I paid mine off...didn’t take any less time, but I also saw the light early and didn’t take any more debt after undergrad. Any education I did after I got someone else to pay for!

Great advice! Thank you

9:13 Metal Gear Solid Sound when you're spotted!!! Amazing x

*You are the best !* So many people can use this 😊 I live with my parents. It saves soooooooo much money.

@Jenuin

5 жыл бұрын

Brains Applied - Unraveling The Human Mind I wish I could hahaha

Great video..Always on point 💯💯💯

I love you Juspreet, keep hustling !

Your videos are Excellent! Keep up the Great Material my friend!

“Go to school get good grades so you can get a good job” -Rich Dad Poor Dad Who’d of thought those words would be so damn expensive? Sheesh!!! 😒😒

@zacharydillon873

5 жыл бұрын

Pretty sure that is taken out of context

@enigmathegrayman2953

5 жыл бұрын

Zachary Dillon Just have fun with it, who cares about context......so serious.......sheesh!!! 😒😒😒

@LmnChupa

5 жыл бұрын

His poor dad and his family was telling him that.

@BMDecipher

5 жыл бұрын

@@enigmathegrayman2953 Context means a lot more than you know clown.

It can be dangerous not knowing this, you can end up working more, spending more time of your life. Great video Jaspreet, great to see you back!!!

You deserve so much more subscriber's my brother. thank you for everything.

This assumes that you have an equated monthly installment payment plan. This is not always the case, where I live (Sweden) it is quite common with variable payment plans, that is a fixed amount of mortgage (for example 2%/year). This means that my monthly payments are a little higher early on, then becomes lower and lower each month.

Thanks a billion tons for this man!

Great video. You should also mention loan forgiveness programs, their fee and far between but they’re usually available to public service fields like teaching or police work.

Great advice!

My required monthly payment is like $550 or something. But I pay around $1000 every month. And I actually just got a 2nd job so will likely be putting a few hundred more towards them each month.

That's a lotta dough to pay month after month for a vehicle! CRAZY.

This is such a necessary and relevant video Jaspreet! I still have $5K left on my student loans that I've paid down from $33K! I'm one who defaulted and my loan doubled because I tried to avoid accountability smh glad I started paying it back nonetheless.

Sooo waiting 20 years for forgiveness is out of the question obviously 😂

I put my student loans on deferment and forebearance for as long as I could. I took my payments and bought stock in company that had my loans. They paid dividends and stocks rose over time giving me positive capital gains. This allowed me to be able to make money and pay loans once the delays were resumed.

The video I was waiting for.....

25 years paying my student loans!! Thanks so much for the advice.

@bronxbully6261

3 жыл бұрын

After 20 plus years it can be forgiven

Man I wish I had this knowledge when I graduated. I had no idea what I was doing. I paid my loans off 10 years ahead, but I also paid about $15,000 interest on a $30,000 loan.

You rock!

Basic amoitzation math, same applies to mortgage loans or any loan really, pay more than the minimum so more goes to the principal thus less interest gets charged at the end of the month.

Great video I read Millionaire Next door goes over how much Americans are Under Accumulators of wealth as opposed to Millionaires are Prodigious Accumulators of wealth. Thank you for your videos so much!

Love the flannel

Great video! Debt snowball away

I finally started to make a lot more money since I opened my own business and honestly I am able to knock out a student loan a month (They are only about $2000 each except 1 is 6k.).... I just been paying an extra little bit a month to help bring it down... but after watching this I believe I am just going to pay off one a month and hopefully knock out the last one by the end of the year.

Question for you Jaspreet... I have an investment, however I have accumulated some debt as well. Would you suggest selling my investment to pay off my debt, and start over with my investment?

Damn good video!

Thx Jaspreet. Wish someone had explained this compound interest concept to me years ago, cos this applies to student loans, CC debt, mortgages etc...😭

Bro that hoodie and turban is 🔥🔥🔥

So happy to have no debt!

What do do if the inflation keep rising? I heard that stocks and bonds would lose some of their value and what about real estate? Will it be better for invester or worse?

Wow love the outfit today

Can you do a video on the benefits of learning a foreign language in the business/entrepreneur world??

Students loans should be interest free, after all students are the future of the country.

Selling your plasma is a good side hustle. You just lay there for an hour and a half or two. My friend just bought a sweet kayak with the money he tucked away! Call your local plasma center and get the 411. You'd be surprised!

Hey jaspreet, also tell is it better to lease and then buy that car or directly buy used car. Which is cheaper..??

That metal gear solid alert sound effect haha

Can you do a video on how to downsize your car? What are all of the options?

My wife and I paid off of our student loans and it feels amazing not paying that every month

@aplusdiva7006

4 жыл бұрын

You and your wife is smart

@aaronwatts12

4 жыл бұрын

Thanks Demi :)

@aplusdiva7006

4 жыл бұрын

@@aaronwatts12 your welcome

Jaspreet I enjoy your videos but don't ask for people to hit thumbs up before your video has even begun lol

This is the same concept that we can use for mortgages as well.

7:30 we call thar car a “hooptie”

25 k in bank driving paid for 07 Camry love it

I’m trying!!!!!!!!!

@M0rdFustang

5 жыл бұрын

😭

You need to make sure the extra is applied to principal - servicer’s play this game like you wanted to pay into next month.

I became disabled while going to school, so I have not been able to pay more than an intrest payment monthly. Do you have suggestions for paying off loans when disabled? The car I have is a 2012 kia. So just a plain ol car.

Dude, you remind me of Christopher Waltz!!!!

Is there anywhere else than Jamaica where they charge you for trying to pay more than agreed on per month?

Don't treat the symptoms, cure the decise!

I have a 2005 Hyundai Elantra. It's hard seeing all my friends and family driving around in their new whip but my car is paid in full, reliable, and insurance is $200, not too bad and I'm saving money so I'm driving that thing till the wheels fall off😂

But I think you need to pay it the next day bc student loans compound daily right?

Honestly it seems like a better idea to just get a job right out of high school with a license or something and make extra income on the side. That way, you’re not in debt trying to start your business

@Xachremos

5 жыл бұрын

Exactly what I'm trying to do. Making 43k/year as a forklift driver, and I'm saving right now to start an ecommerce business.

@dylongarrett4779

5 жыл бұрын

Xachremos that’s so smart man

Interest first principal later, just like a home mortgage, for the first 5 years, take your tax return money 80 percent of it and drop it on your student loan you will pay it off 10 times faster

Jaspreet Singh you are awesome , just keep up the good work.....you are the beginning of an era, we love you 🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻RESPECT

@SM-ly5tf

4 жыл бұрын

But education is cheap AF in india

I got my degree in Germany. I came back here in the US and work in a company and a job related to my degree. I have no student loan.

Don't know why people don't research debt before getting themselves into it

@nicolefambo3096

5 жыл бұрын

TYLERE BAKER - PEARCE because sometimes we trust people instead of looking into things. It’s dumb but it’s truthful. And now that we know, we can help other young people not make the same mistakes. I will never put people down for making mistakes, but I will continue to educate people on how to not make mistakes and since I made these mistakes, I can show examples.

@lizo.3

5 жыл бұрын

In Addition to the previous comments, the average person going to college is between the ages of 18 and 20. The average 18 to 20-year-old doesn’t understand loans, loan forgiveness, interest, how to navigate scholarships and grants… This is a lot for a younger person to try to understand especially when they do not have the resources or the education to navigate the financial market.

@iunderstanphotography2780

5 жыл бұрын

@@lizo.3 THIS when i borrowed loans when I was 19yrs old everyone is telling you "You have your whole life ahead of you" Don't realize how long it will take to pay back and how much you're going to make when yoi graduate, if you get a job

@jtim83

4 жыл бұрын

Young and dumb... with what I know now, I would have made soo many different choices. Back then I just didnt think of it as that big of a deal, and no worries...I’ll get a job and pay it off in no time.... well, that didnt happen.

This dude is the positive dave ramsey and I love it.

I got an ad for a loan lmao

Lol I literally just spent like an hour looking my loans to estimate how quickly I can pay off $30k

@ROFLgator1

5 жыл бұрын

You should see my loan account. Been sending $2000 at a time on a few months. Living with your parents will help you pay it off faster. Just concentrate on your career 1000000% for a few years and you'll make the money needed to pay it off in no time.

@antwana448

5 жыл бұрын

ROFLgator thanks for the advice! I have an RA gig for my fraternity so basically the same as living at home except I’m a lot closer to work. so I’ve been able to pour ~$4k a month into my loans! I’m projecting to be done by Marchish. So I can start saving up for my first investment property

@ROFLgator1

5 жыл бұрын

@@antwana448 that's sick. Feels good to put a big dent on the loans, but feels even better to have them paid off!

@sha_la007

5 жыл бұрын

Congrats on figuring out a way to get rid of your student loans. I appreciate people who believe in getting rid of debt quickly and then investing!

Mitsubishi mirage, 40+ mpg, get a new one for 10k, plus 10 year 100k mile warranty, so you wont have to worry about repairs

my student loan is an on going nightmare haunting me for years

You could put that flip board a bit higher so you dont have to squat to write :D also the bottom writing is almost going off screen.

My 2 cents from my personal experience: You know that grace period right after you graduate before they start charging interest? I paid off as much as I could afford during the grace period so that my entire payment went towards the principle before interest started accumulating! I need to write a book!

@al-b7891

5 жыл бұрын

great technique. I did that and got rid of almost half my balance with out paying interest. The bank cought on and shortened my deferment perod

@reginarobertkrystyn

5 жыл бұрын

@@al-b7891 Sounds like banks have turned into bishes since the 90s. My rep actually sounded happy for me when I was ready to pay it off early.

Toyota corolla are very good cars.

Jaspreet is bicken back being bool lol

Kids are really dumb about cars. My car has always been a piece of crap. It gets me where I need to go and it's not financially killing me.

Thank goodness I don’t have any student loans car is payed off and I have 625.00 rent no debt besides credit card and that is 10,000$

i once told my mom i was asking for a loan and she got pissed off and told me to work and apply for scholarships i worked and i recieved 2 scholarships

Another thing you can do to reduce your student loan principal is to live frugally while you're in college. There are many college students who treat student loan money like free money and borrow more than they need so buy things like Monclier jackets and shoes from Gucci.

@theinvestorschannel2589

5 жыл бұрын

@ C B Your son is smart! In 5-10 years, those other kids are going to be in so much trouble.

🙌🏽🙌🏽🙌🏽

Don’t even have student loans and here I am. Lol

@rsimmons1980

5 жыл бұрын

You can have one.

Ooh ooh ooh, I actually know the the answer to this, by taking a nice vacation? No? Buying a new car? No? Buying into a time share accommodation dream, because you know, after study you deserve to relax. No?