Jaspreet Singh
๐ค SpeakerAppearances Over Time
Podcast Appearances
If I could get a bonus, I'm going to go on a vacation.
If I could get a nice raise, I'm going to buy my wife a nice purse.
We think in terms of spending.
Wealthy people think in terms of investments.
And there's three rules of money that I learned that you have to understand.
Number one is that money flows to the investor.
When I go to Chipotle and I buy a bowl of extra guac, who am I benefiting?
Am I really supporting the employees?
Yes, in a way, because I will be paying their salary, but the real profits are going to the owners of Chipotle.
It's going to the investors of Chipotle.
Money rule number two is inflation benefits the investor.
What does that mean?
Over the last five years, we've seen the prices of things rise.
This is because of inflation.
Inflation didn't just start after the pandemic has been happening for a long, long, long time.
And so you might've heard your grandparents or parents say, when I was young, I used to go to the movie theater for a nickel, a dollar, whatever it might be.
Now it's $25 to go to a movie.
This is inflation.
So now when you spend those more dollars at Chipotle, who's getting those more dollars?
It's the owners of Chipotle, the investors.