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Jaspreet Singh

👤 Person
884 total appearances

Appearances Over Time

Podcast Appearances

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

And the reason why we're going to make more money is so you can have more investments. Now, let me explain why this is so difficult because it makes sense in theory, right? You're never going to become wealthy if every time you make a dollar, you give it to somebody else. If you want to become wealthy, you have to keep more money for yourself.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

And the reason why we're going to make more money is so you can have more investments. Now, let me explain why this is so difficult because it makes sense in theory, right? You're never going to become wealthy if every time you make a dollar, you give it to somebody else. If you want to become wealthy, you have to keep more money for yourself.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

The way that our economic system works is the more money you spend, the richer somebody else gets. It's, you know, hate it or love it, that's the reality. When you go to Chipotle and you buy that extra guac, Chipotle is making more money. When you go to Amazon and you spend more money, Amazon's making money.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

The way that our economic system works is the more money you spend, the richer somebody else gets. It's, you know, hate it or love it, that's the reality. When you go to Chipotle and you buy that extra guac, Chipotle is making more money. When you go to Amazon and you spend more money, Amazon's making money.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

Now this can make some people extremely wealthy, but it also keeps the majority of people broke financially. And so this is where if you want to make yourself rich, you got to stop making everybody else rich right now. You got to first make yourself rich. And that means stop giving other people your money. And there are so many extremes to how you can do this, right?

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

Now this can make some people extremely wealthy, but it also keeps the majority of people broke financially. And so this is where if you want to make yourself rich, you got to stop making everybody else rich right now. You got to first make yourself rich. And that means stop giving other people your money. And there are so many extremes to how you can do this, right?

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

I mean, you could go to that one extreme where I am not going to spend anything. I'm going to live in a shoebox and I'm going to eat nothing but rice and beans and I'm going to stack all my money. Fine. other people will find a more balanced approach. And you got to find what's right for you. Yeah, yeah.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

I mean, you could go to that one extreme where I am not going to spend anything. I'm going to live in a shoebox and I'm going to eat nothing but rice and beans and I'm going to stack all my money. Fine. other people will find a more balanced approach. And you got to find what's right for you. Yeah, yeah.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

And you got to find your balance. For me, I was on an extreme. When I first learned about this, I went extreme because when I was making money first, I was running an event planning company. I didn't know anything about money. I took my money and I bought nice watches and I dumped it back into my car. I mean, that's what I thought was normal.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

And you got to find your balance. For me, I was on an extreme. When I first learned about this, I went extreme because when I was making money first, I was running an event planning company. I didn't know anything about money. I took my money and I bought nice watches and I dumped it back into my car. I mean, that's what I thought was normal.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

But as you start to learn, you realize, or if you start to become more financially educated, you realize that that doesn't do anything for your wealth, right? There's no wealth built into tricking out your car. There's no wealth built into just spending money on nice things.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

But as you start to learn, you realize, or if you start to become more financially educated, you realize that that doesn't do anything for your wealth, right? There's no wealth built into tricking out your car. There's no wealth built into just spending money on nice things.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

It looks nice and it's nice if you want to have it, it's fine, but that's not going to make you wealthy and you got to decide what's more important to you. So then I completely tipped the scale. And I started not spending any money so I'd have more money to invest. For me, it started off in real estate. And now it's this slow process.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

It looks nice and it's nice if you want to have it, it's fine, but that's not going to make you wealthy and you got to decide what's more important to you. So then I completely tipped the scale. And I started not spending any money so I'd have more money to invest. For me, it started off in real estate. And now it's this slow process.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

The reason why it's so difficult is because if you make $10,000, it's a lot of money to put aside, right? I worked to make 10 grand. But you can't show off a $10,000 stock market portfolio the way you can a $10,000 watch or a $10,000 vacation. Because I can take those things and I can put it on my Instagram. I can put it on my Facebook. I can put it on TikTok. And I can show these things off.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

The reason why it's so difficult is because if you make $10,000, it's a lot of money to put aside, right? I worked to make 10 grand. But you can't show off a $10,000 stock market portfolio the way you can a $10,000 watch or a $10,000 vacation. Because I can take those things and I can put it on my Instagram. I can put it on my Facebook. I can put it on TikTok. And I can show these things off.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

And they get a lot of likes and they get a lot of oohs and ahhs. But my stock market portfolio just sits there. Slowly, it'll start to generate a little bit of income. And I think understanding you're going to make a lot of money in your lifetime. I don't care how much money you're making. If you make 50 grand a year, in the next 10 years, you're going to make half a million dollars.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

And they get a lot of likes and they get a lot of oohs and ahhs. But my stock market portfolio just sits there. Slowly, it'll start to generate a little bit of income. And I think understanding you're going to make a lot of money in your lifetime. I don't care how much money you're making. If you make 50 grand a year, in the next 10 years, you're going to make half a million dollars.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

In the next two decades, you're going to make a million dollars, assuming you never get another raise. Which means you're going to make millions of dollars over the course of your career and most people will have nothing to show for it. And when I say most people, I don't say this generally. I mean, statistically, most people will have nothing to show for it.

The School of Greatness
4 Money Mindset Secrets to ATTRACTING Wealth & Abundance

In the next two decades, you're going to make a million dollars, assuming you never get another raise. Which means you're going to make millions of dollars over the course of your career and most people will have nothing to show for it. And when I say most people, I don't say this generally. I mean, statistically, most people will have nothing to show for it.