The School of Greatness A MASTERCLASS On How To Prepare & Thrive In Recession EP 1293
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Jul 15, 2022 
Join finance experts Jaspreet Singh, also known as ‘The Minority Mindset’, billionaire investor Ray Dalio, and entrepreneur Rachel Rodgers as they navigate the financial landscape during tough times. Jaspreet shares vital money lessons often overlooked in traditional education. Ray discusses common investing pitfalls to avoid, while Rachel advocates for transformative money conversations. They delve into personal finance, debt management, and the essence of financial security, fostering a mindset that empowers individuals to thrive even in recession.
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Money's True Nature
- Money, as we know it, is fake; dollars are just pieces of paper backed by government strength.
- Inflation decreases the dollar's value, so hoarding cash can make you poorer.
Work for Equity
- Work to own equity, a piece of a company, rather than just climbing the corporate ladder.
- Invest in assets like stocks or real estate to gain equity and build wealth.
Debt's Trap
- Avoid financing liabilities like luxury goods or cars that lose value over time.
- This makes other people rich while keeping you broke; invest instead.