The Minority Mindset Show 7 Things To Stop Buying This Year To Get Rich Next Year
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Oct 30, 2025 Learn about the 'stupid tax' and how everyday habits drain your wallet. Discover why financing a car can be a financial trap and why you should consider skipping luxury groceries. Find out how keeping your iPhone longer can save you from ongoing payment plans. Jaspreet emphasizes the importance of avoiding extended warranties and advises a monthly money audit to uncover hidden expenses. Prioritizing smart decisions over appearances can lead to real wealth!
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Cut The Stupid Tax
- Avoid the "stupid tax" by cutting habitual waste like cigarettes, alcohol, lottery, and overdraft fees.
- Reallocate that money into investments to compound wealth over time.
Don't Finance Depreciating Cars
- Avoid financing cars because you pay interest for a depreciating asset and trap yourself in perpetual payments.
- Buy cheaper cars with cash and invest the monthly payment instead to build long-term wealth.
Skip Premium Groceries Early
- Stop shopping at Whole Foods when you're building your financial base because premium groceries cost significantly more.
- Buy cheaper alternatives and invest the savings until you can comfortably afford premium items.