Jaspreet Singh

If you don't have the financial education and the money comes fast, it's going to disappear just as fast.

And on the other side, when you become desperate for money, you become a prime candidate to buy those programs and services that are trying to sell you this dream of, hey, all you got to do is work three hours a week on a laptop off of a beach in Bali, and you're going to make $10,000 a month, $10,000 a week.

You don't have to do anything.

It sounds amazing.

Sign me up, $997, no problem.

Well, that vast money doesn't work like that.

There's no sacrifice in the hard work.

Oh, man.

Well, let me premise it with this because I love talking about history because while history doesn't exactly repeat itself, it does rhyme.

When the internet started to become popular in the 90s,

We started to see very similar things happen.

What do I mean by that?

If you started a company in the mid to late 90s and you put the word .com at the end of it, you could go to whatever bank or investing institution you wanted and raise a couple million dollars because they wanted a piece of that action.

Money was just being dumped into the internet companies.

And then came the year 2000.

And in the year 2000, that internet bubble that was created popped.

And we saw internet stocks get wiped out.

And there was an index called the NASDAQ, which tracks a lot of these techie type companies.

At that time, it was a lot of internet companies.

That index fell by about 78%.