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Jaspreet Singh

๐Ÿ‘ค Speaker
2068 total appearances

Appearances Over Time

Podcast Appearances

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

If I could get a bonus, I'm going to go on a vacation.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

If I could get a nice raise, I'm going to buy my wife a nice purse.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

We think in terms of spending.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Wealthy people think in terms of investments.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

And there's three rules of money that I learned that you have to understand.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Number one is that money flows to the investor.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

When I go to Chipotle and I buy a bowl of extra guac, who am I benefiting?

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Am I really supporting the employees?

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Yes, in a way, because I will be paying their salary, but the real profits are going to the owners of Chipotle.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

It's going to the investors of Chipotle.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Money rule number two is inflation benefits the investor.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

What does that mean?

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Over the last five years, we've seen the prices of things rise.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

This is because of inflation.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Inflation didn't just start after the pandemic has been happening for a long, long, long time.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

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.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

Now it's $25 to go to a movie.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

This is inflation.

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

So now when you spend those more dollars at Chipotle, who's getting those more dollars?

On Purpose with Jay Shetty
Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

It's the owners of Chipotle, the investors.