Jaspreet Singh
๐ค SpeakerAppearances Over Time
Podcast Appearances
What I'm saying is you have to understand that when you go to work, you now have to take some of that money and become an investor.
Now, when you do that, now you can start to get into the practical steps of what you do with your money.
So we talked about now step number one,
is you have to build the mindset.
Now you have to learn the rules of money.
Now we get into the practical side, which is step number three, get out of the financial danger zone.
And what I mean by that is the very first thing you have to do is save $2,000 as fast as possible.
Just $2,000.
Just start with $2,000 as a start and then pay off your credit card debt.
Half of America today does not have $1,000.
but aside to protect them against emergency.
So if your car breaks down, your kid gets sick, your window breaks, the average person has to go into debt to pay for that expense.
You have zero breathing room.
If you want to go on vacation, you want to do anything, you have to go into debt to do that.
So we need to stop that.
I call this the financial danger zone.
You need to save $2,000 as fast as possible.
And the way you can do that is by spending less or working to earn more.
And you have to make some extreme sacrifice if you don't have that.
Oh, man.