The Minority Mindset Show Do This To Manage Your Money Like The 1% | Build Wealth
Jul 24, 2025
Discover how the wealthiest manage their finances and why income alone doesn't guarantee wealth. Learn about the 75/15/10 rule for effective saving and the importance of expense tracking. Understand the difference between building assets and accumulating liabilities. Explore strategies to combat credit card debt and the necessity of financial education over traditional titles. This is your motivation to stop just working for money and to start letting your money work for you!
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Indian Success Definition Anecdote
- Jaspreet grew up in a traditional Indian household where success meant becoming a doctor.
- He learned being a doctor doesn't guarantee financial success; financial education does.
Follow Income Allocation Rules
- Use the 75/15/10 or 50/30/20 rule to allocate income toward spending, investing, and saving.
- Save and invest first to build a solid financial foundation before spending.
Track Your Money Monthly
- Track every dollar you earn and spend monthly to understand your financial flow.
- Use apps or simple spreadsheets to monitor and optimize your money management.