On Purpose with Jay Shetty

Jaspreet Singh: Why Most People Stay Broke (Follow THIS 7-Step System to FINALLY Stop Living Paycheck-to-Paycheck!)

261 snips
Jan 19, 2026
Guest
Jaspreet Singh
Jaspreet Singh, an entrepreneur and financial educator behind Minority Mindset, dives deep into the mindset and systems that trap people in financial struggle. He explains how lack of financial education keeps many stuck living paycheck-to-paycheck. Jaspreet offers practical advice on saving, smart spending, and investing, highlighting the importance of understanding money as a tool. They discuss leveraging AI for financial growth and the necessity of adapting to an AI-driven economy, all while simplifying complex financial concepts into actionable steps.
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INSIGHT

System Favors The Financially Savvy

  • Our system rewards investors and financially savvy people while average spenders make others rich.
  • Understanding money's rules flips you from consumer to investor and creates long-term freedom.
ADVICE

Build A $2,000 Safety Net Fast

  • Save a $2,000 emergency fund as fast as possible, then pay off high-interest credit cards.
  • Use extreme sacrifice if necessary to build breathing room and stop relying on debt.
ADVICE

Automate 75-15-10 Money Allocation

  • Use a 75-15-10 rule: spend 75%, invest 15%, save 10% of every dollar.
  • Automate transfers into three separate bank accounts for spending, investing, and saving.
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