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Jaspreet Singh

๐Ÿ‘ค Speaker
2690 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!)

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.

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 then finally is our system is designed to benefit 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!)

As a licensed attorney, who's not your attorney, I can tell you that when you earn your money as an 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!)

you are going to pay a lower tax rate than when you earn your money as an employee.

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

That's why it is so important to understand the rules of money because our entire system is designed to make the financially savvy wealthier while everybody else is paying the price.

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

I'll give you one more example.

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 was in law school, I learned about this concept called fiduciary duty.

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 what I didn't understand and what I learned is that

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

The CEO of a company, your boss, has a fiduciary duty to make one person rich.

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

Do you know who that is?

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 not the employees at the company.

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 not the customers at the company.

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 is the owners of the company, the investors in the company.

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

The CEO has to make decisions to make the investors rich.

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 we're never taught to become an 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!)

We're taught to become an employee.

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 not bad to work a job.

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

That's not what I'm saying.

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

In fact, that's probably the best thing for most people.