Jaspreet Singh

Well...

If you are somebody who does not have $2,000 saved up, there's a lot of things you got to cut out.

And this is going to sound mean, but I don't say what I say to make friends.

I say what I say to help people be better with money.

You should not be eating at a restaurant.

You should not be going on vacations.

You should not be driving around in a fancy car.

You shouldn't be living in a big fancy house.

Right now, you got to make some extreme sacrifices if you don't have $2,000.

So much so that what I tell people is you should not have a Netflix subscription.

Not because it's going to save you $15 a month, but because the average American is watching somewhere between two to three hours of Netflix a day.

If you don't have $2,000, how can you feel comfortable sitting there at nighttime watching whatever the heck is on Netflix?

You have to have a little bit of urgency that, oh my God, I got to take care of my family.

So whatever you can cut back on, do it.

And then once you get that $2,000, pay off your high interest credit card debts.

Because when you are in that situation where you have those high interest debts,

You are trying to climb a mountain with a thousand pounds of chain strapped to your back.

You're never going to get to the next step because anytime you get some money, you got to pay it back off.

In fact, let me give you an example.

Jay, if I gave you $6,500 today and you invested that money today, you never touched that money again, you never invested another penny again, and you could get a, let's say, 20% return a year on that money.