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Jaspreet Singh

đŸ‘€ Speaker
2690 total appearances

Appearances Over Time

Podcast Appearances

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Denn sobald du Margin-Rechte machst, schlĂ€gt die Panik. Und jetzt musst du die Bank verkaufen. Und jetzt versucht die Bank, die Dollar, die sie ausgeliefert haben, zurĂŒckzuholen.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Denn sobald du Margin-Rechte machst, schlĂ€gt die Panik. Und jetzt musst du die Bank verkaufen. Und jetzt versucht die Bank, die Dollar, die sie ausgeliefert haben, zurĂŒckzuholen.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Das erste Problem ist, dass wir eine riesige Bevölkerung von alten Menschen haben, Babyboomern, die verabredet sind oder im Vertrieb sind, die nicht genug Geld haben. Das ist nicht nur die USA, das ist auch die UK, wie du gesagt hast, was ein paar Probleme bildet. Nummer eins, wer wird sie kĂŒmmern? Nummer zwei, wer wird sie kĂŒmmern, die sie kĂŒmmern? Die Regierung hat nicht so viel Geld.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Das erste Problem ist, dass wir eine riesige Bevölkerung von alten Menschen haben, Babyboomern, die verabredet sind oder im Vertrieb sind, die nicht genug Geld haben. Das ist nicht nur die USA, das ist auch die UK, wie du gesagt hast, was ein paar Probleme bildet. Nummer eins, wer wird sie kĂŒmmern? Nummer zwei, wer wird sie kĂŒmmern, die sie kĂŒmmern? Die Regierung hat nicht so viel Geld.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

And the people that are going into retirement don't have that money. And their kids many times don't have that money. That's the first issue. And now as we start to dig into that, we have people that are working longer and Es erzeugt jetzt dieses Problem in der Zukunft, das wir heute sehen können.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

And the people that are going into retirement don't have that money. And their kids many times don't have that money. That's the first issue. And now as we start to dig into that, we have people that are working longer and Es erzeugt jetzt dieses Problem in der Zukunft, das wir heute sehen können.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Wenn du in deinen 50ern, 40ern, 30ern, 20ern, Teenern bist, kannst du sehen, dass es dieses Problem gibt, das passiert. Wie können wir das heute vermeiden? Weil ich weiß nicht, was die Lösung fĂŒr diese Retirementkrise ist. Ich habe keine Lösung fĂŒr das.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Wenn du in deinen 50ern, 40ern, 30ern, 20ern, Teenern bist, kannst du sehen, dass es dieses Problem gibt, das passiert. Wie können wir das heute vermeiden? Weil ich weiß nicht, was die Lösung fĂŒr diese Retirementkrise ist. Ich habe keine Lösung fĂŒr das.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Laut USA Today brauchen wir etwa 1,8 Millionen Dollar, um sich in Ordnung zu machen. Wow. Und der Grund, warum, ist, dass wir jedes Jahr Inflation haben. So, if you live off of $50,000 this year, you're going to need maybe $52,000, $53,000, $54,000 next year, more the year after that, more the year after that. And $50,000 doesn't buy you what it did 30 years ago.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Laut USA Today brauchen wir etwa 1,8 Millionen Dollar, um sich in Ordnung zu machen. Wow. Und der Grund, warum, ist, dass wir jedes Jahr Inflation haben. So, if you live off of $50,000 this year, you're going to need maybe $52,000, $53,000, $54,000 next year, more the year after that, more the year after that. And $50,000 doesn't buy you what it did 30 years ago.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

And so now when we take a look at all these issues happening, the question is, what do you do today to prevent these issues in the future? Und in den Vereinigten Staaten gibt es das, was wir Social Security nennen. Das ist eine Regierungsbewertung, die man bekommt, wenn man vertreten ist. The first problem is Social Security. Because Social Security is drying up. This is a fact.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

And so now when we take a look at all these issues happening, the question is, what do you do today to prevent these issues in the future? Und in den Vereinigten Staaten gibt es das, was wir Social Security nennen. Das ist eine Regierungsbewertung, die man bekommt, wenn man vertreten ist. The first problem is Social Security. Because Social Security is drying up. This is a fact.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

That if you read the headlines, they'll say Social Security is going to be dry by 2034. If nothing changes. The problem is, people are paying money in, but the government is paying out more than what's going in. So from any business perspective, if you have more cash outflows and cash inflows, you have a problem. And the reason for that is, well, number one, the math was wrong.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

That if you read the headlines, they'll say Social Security is going to be dry by 2034. If nothing changes. The problem is, people are paying money in, but the government is paying out more than what's going in. So from any business perspective, if you have more cash outflows and cash inflows, you have a problem. And the reason for that is, well, number one, the math was wrong.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

And number two, people are living longer. So when the government keeps paying your social security check longer and longer and longer because people are living longer, life expectancy is getting higher, that means they have to keep paying. That's not good for the government.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

And number two, people are living longer. So when the government keeps paying your social security check longer and longer and longer because people are living longer, life expectancy is getting higher, that means they have to keep paying. That's not good for the government.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Now, on the plane ride here to LA, I sat next to somebody who was telling me, I didn't verify this, but he told me that the government knew that this was going to be a problem from the get-go, because he told me that the first recipient of the Social Security program lived to 100. I don't know if that's true or not, but you can Google that to see. But that's the problem right now.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Now, on the plane ride here to LA, I sat next to somebody who was telling me, I didn't verify this, but he told me that the government knew that this was going to be a problem from the get-go, because he told me that the first recipient of the Social Security program lived to 100. I don't know if that's true or not, but you can Google that to see. But that's the problem right now.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Social Security is running out of money. And this is where everyone says, Social Security is going to run dry, you're never going to get a Social Security check. That's not true either. Die Grund, warum ich das sage, ist, weil die Regierung es nicht verletzen wird. Sie werden entweder deine Steuern erhöhen, oder sie werden das Geld einfach impfen.

The Diary Of A CEO with Steven Bartlett
The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh

Social Security is running out of money. And this is where everyone says, Social Security is going to run dry, you're never going to get a Social Security check. That's not true either. Die Grund, warum ich das sage, ist, weil die Regierung es nicht verletzen wird. Sie werden entweder deine Steuern erhöhen, oder sie werden das Geld einfach impfen.