Jaspreet Singh

We live in a credit-based economy. So if I can only spend $50,000, I can only stimulate the economy by $50,000. And that's where this clever financial strategizing came in and said, well, how do we get somebody making $50,000 a year to stimulate the economy by $80,000 a year. Credit cards, lines of credit, other forms of debt. That way now, what is debt?

We live in a credit-based economy. So if I can only spend $50,000, I can only stimulate the economy by $50,000. And that's where this clever financial strategizing came in and said, well, how do we get somebody making $50,000 a year to stimulate the economy by $80,000 a year. Credit cards, lines of credit, other forms of debt. That way now, what is debt?

You're taking next year's income, spending it today, and then you pay it back next year plus interest. So now you constantly, you're working just to make everybody else rich. You're working to make your bank rich. You're working to make Gucci rich. You're working to make everybody else rich except yourself. And this is where, that's what the system is designed to do.

You're taking next year's income, spending it today, and then you pay it back next year plus interest. So now you constantly, you're working just to make everybody else rich. You're working to make your bank rich. You're working to make Gucci rich. You're working to make everybody else rich except yourself. And this is where, that's what the system is designed to do.

But if you want to build wealth, You got to, number one, learn and stop spending a lot of money. Who should be most afraid?

But if you want to build wealth, You got to, number one, learn and stop spending a lot of money. Who should be most afraid?

Well, I think it's everybody. I wouldn't say one over the other. It depends on the percentage of money you're keeping for yourself versus spending. Because if you make a million dollars a year and you're spending 110% of your money a year, but you're making 50 versus somebody else is making 50 grand, I'm living off of 75,000.

Well, I think it's everybody. I wouldn't say one over the other. It depends on the percentage of money you're keeping for yourself versus spending. Because if you make a million dollars a year and you're spending 110% of your money a year, but you're making 50 versus somebody else is making 50 grand, I'm living off of 75,000.

I'm more worried about the million dollar a year person because you are one bad step away from bankruptcy versus if you're making 50 grand a year, but you're smart with your money, which I've met a lot of people doing that. you're ready for whatever happens. And you said, bring it on because I'm going to find the opportunity. It's a very different mindset.

I'm more worried about the million dollar a year person because you are one bad step away from bankruptcy versus if you're making 50 grand a year, but you're smart with your money, which I've met a lot of people doing that. you're ready for whatever happens. And you said, bring it on because I'm going to find the opportunity. It's a very different mindset.

You know, the first... My wife grew up with... a very tough financial upbringing. And when we got married, she always expressed that she would want to... She'd always wanted a designer purse or some other things like that. And so she went out and I wanted to make sure she had whatever she wanted. So she got the designer purses and all that nice stuff. And then pretty quickly, she realizes, okay...

You know, the first... My wife grew up with... a very tough financial upbringing. And when we got married, she always expressed that she would want to... She'd always wanted a designer purse or some other things like that. And so she went out and I wanted to make sure she had whatever she wanted. So she got the designer purses and all that nice stuff. And then pretty quickly, she realizes, okay...

This doesn't really give me much fulfillment. Now what? Now what? I can buy my purses, but it doesn't. The attraction to these things are the highest when you can't afford them. When you can comfortably afford it. You no longer really crave that stuff. Now you realize, well, what's something bigger? What's going to really give me that fulfillment? What is going to give me those memories?

This doesn't really give me much fulfillment. Now what? Now what? I can buy my purses, but it doesn't. The attraction to these things are the highest when you can't afford them. When you can comfortably afford it. You no longer really crave that stuff. Now you realize, well, what's something bigger? What's going to really give me that fulfillment? What is going to give me those memories?

And it really goes back to what you were just saying, which is a mindset shift. Because everyone says, oh, it's going to suck living smaller. It's going to suck doing this. Well, it doesn't have to. I'm sure when you were starting your business, you were working hard, but you were probably having the time of your life. Yeah, it was a thrill. I mean, there's ups and downs.

And it really goes back to what you were just saying, which is a mindset shift. Because everyone says, oh, it's going to suck living smaller. It's going to suck doing this. Well, it doesn't have to. I'm sure when you were starting your business, you were working hard, but you were probably having the time of your life. Yeah, it was a thrill. I mean, there's ups and downs.

There's ups and downs, but when I was first getting started, when I started my party promotion business, I knew nothing about anything. I was a naive 17-year-old kid. I mean, I was really financially dumb. But I knew I wanted to start building some income and start doing more things with my money. And I had two other guy friends that were doing this with me.

There's ups and downs, but when I was first getting started, when I started my party promotion business, I knew nothing about anything. I was a naive 17-year-old kid. I mean, I was really financially dumb. But I knew I wanted to start building some income and start doing more things with my money. And I had two other guy friends that were doing this with me.

They were kind of like partners that we worked hard with. And we were working around the clock, but we were having the time of our lives. It was tough. I mean, we were working hard, but we were having so much fun. We were laughing so much because we were... Just having fun. And it's really like- It can be exciting too, all this new adventure. Yeah. And it's really that mind, again, mindset.

They were kind of like partners that we worked hard with. And we were working around the clock, but we were having the time of our lives. It was tough. I mean, we were working hard, but we were having so much fun. We were laughing so much because we were... Just having fun. And it's really like- It can be exciting too, all this new adventure. Yeah. And it's really that mind, again, mindset.