Jaspreet Singh
👤 PersonAppearances Over Time
Podcast Appearances
And anybody can be an investor, but we're never taught to be investors. We're taught to go to school to get a job and spend our money. We're never taught what to do with that money. We're never taught to start a business. And we're never taught how to take this money that we're earning and convert it into wealth. We're taught to turn this money into cars and clothes. Flashy things. And vacations.
And anybody can be an investor, but we're never taught to be investors. We're taught to go to school to get a job and spend our money. We're never taught what to do with that money. We're never taught to start a business. And we're never taught how to take this money that we're earning and convert it into wealth. We're taught to turn this money into cars and clothes. Flashy things. And vacations.
Our economic system. is designed to keep people poor. The government continues to spend money, which creates inflation, which keeps people poor. And this is where now in order for you to break out of that system, you have to number one, learn the system. Number two, believe you can do it. Number three, do something about it.
Our economic system. is designed to keep people poor. The government continues to spend money, which creates inflation, which keeps people poor. And this is where now in order for you to break out of that system, you have to number one, learn the system. Number two, believe you can do it. Number three, do something about it.
And do something about it means you got to stop spending all that money, which is uncomfortable, right? Because we want to have the nice things. But I'm not saying don't ever have a nice thing again. Don't ever go to Starbucks or go to Gucci. No, what I'm saying is go through the decade of sacrifice. of spending less, earning more.
And do something about it means you got to stop spending all that money, which is uncomfortable, right? Because we want to have the nice things. But I'm not saying don't ever have a nice thing again. Don't ever go to Starbucks or go to Gucci. No, what I'm saying is go through the decade of sacrifice. of spending less, earning more.
It's tough financially, but that's going to give you some more money. Now, when you take this money, you're going to start investing it. You're going to be very disappointed in the first couple of years because you see no returns. You don't see anything happening, but you got to stick with it. And you keep doing it. You built your financial education, learn more about how to invest.
It's tough financially, but that's going to give you some more money. Now, when you take this money, you're going to start investing it. You're going to be very disappointed in the first couple of years because you see no returns. You don't see anything happening, but you got to stick with it. And you keep doing it. You built your financial education, learn more about how to invest.
You start studying the financial trends. You keep building the financial preparedness. Maybe you see a market downturn. It creates more opportunities for you to invest, but you just stick with it. then what's going to end up happening, you go through the decade of sacrifice, is now you turn around and you don't recognize the person that you were 10 years ago.
You start studying the financial trends. You keep building the financial preparedness. Maybe you see a market downturn. It creates more opportunities for you to invest, but you just stick with it. then what's going to end up happening, you go through the decade of sacrifice, is now you turn around and you don't recognize the person that you were 10 years ago.
You won't even recognize yourself three years ago, but this is where now you will start to build this real wealth fund for yourself. And now you can start spending more money, but it's not necessarily coming out of your paycheck. You can start having nice things. You don't have to worry about the price because the money is being funded by your investments.
You won't even recognize yourself three years ago, but this is where now you will start to build this real wealth fund for yourself. And now you can start spending more money, but it's not necessarily coming out of your paycheck. You can start having nice things. You don't have to worry about the price because the money is being funded by your investments.
And that's why now understanding the system is designed to keep the majority of people broke. And the reason why is because they want you to spend all of your money. And they want you to spend money you don't have because that means you get to spend more money, right? If I make 50 grand a year, I only have $50,000 worth of buying power, you would think. But no, you have more because of credit.
And that's why now understanding the system is designed to keep the majority of people broke. And the reason why is because they want you to spend all of your money. And they want you to spend money you don't have because that means you get to spend more money, right? If I make 50 grand a year, I only have $50,000 worth of buying power, you would think. But no, you have more because of credit.
We live in a credit-based economy. So if I can only spend $50,000, I can only stimulate the economy by $50,000. And that's where this clever financial strategizing came in and said, well, how do we get somebody making $50,000 a year to stimulate the economy by $80,000 a year. Credit cards, lines of credit, other forms of debt. That way now, what is debt?
We live in a credit-based economy. So if I can only spend $50,000, I can only stimulate the economy by $50,000. And that's where this clever financial strategizing came in and said, well, how do we get somebody making $50,000 a year to stimulate the economy by $80,000 a year. Credit cards, lines of credit, other forms of debt. That way now, what is debt?
You're taking next year's income, spending it today, and then you pay it back next year plus interest. So now you constantly, you're working just to make everybody else rich. You're working to make your bank rich. You're working to make Gucci rich. You're working to make everybody else rich except yourself. And this is where, that's what the system is designed to do.
You're taking next year's income, spending it today, and then you pay it back next year plus interest. So now you constantly, you're working just to make everybody else rich. You're working to make your bank rich. You're working to make Gucci rich. You're working to make everybody else rich except yourself. And this is where, that's what the system is designed to do.
But if you want to build wealth, You got to, number one, learn and stop spending a lot of money. Who should be most afraid?
But if you want to build wealth, You got to, number one, learn and stop spending a lot of money. Who should be most afraid?