On Purpose with Jay Shetty

Jaspreet Singh ON: 3 Money Myths That Are Making You Poorer Every Day & How to Survive and Thrive in a Recession

Jul 25, 2022

Jaspreet Singh, a serial entrepreneur and host of the Minority Mindset YouTube channel, dives into the world of financial education. He challenges common money myths that keep people poor, emphasizing the importance of understanding money as a tool for growth. They discuss how financial literacy can enhance both mental and financial well-being. Jaspreet offers insights on navigating inflation and recession, advocating for mindful spending and investment strategies. His engaging approach makes complex topics feel accessible and fun.

01:15:37

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Episode guests

Jaspreet Singh

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Episode notes

The American Dream Is Now an American Dream

00:22

Intro

2min

Money Matters: Bridging Wealth and Wellness

16min

Challenging Financial Myths and Consumer Culture

4min

Wealth Misconceptions and Financial Awakening

11min

Rethinking Money Management

9min

Mindsets for Financial Success

21min

Understanding Inflation and Its Economic Impact

2min

Navigating the Economic Crossroads of Inflation and Recession

4min

Navigating Financial Instability: Strategies for Success in a Recession

6min

10.

Making Informed Financial Decisions: Short Insights on Wealth Building

1min

11.

The Importance of Holistic Education for Well-Being

2min

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Jay Shetty talks to Jaspreet Singh about financial education. The best investment that you can do in your life is to invest in yourself. That’s why learning about finance is an important skill that we need to acquire in order for us to grow our mental wealth while also growing our financial wealth.

Jaspreet Singh is a serial entrepreneur and licensed attorney. Although he didn’t receive any formal financial education – he’s on a mission to make financial education fun and accessible. Jaspreet is the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel.

Want to be a Jay Shetty Certified Life Coach? Get the Digital Guide and Workbook from Jay Shetty https://jayshettypurpose.com/fb-getting-started-as-a-life-coach-podcast/

What We Discuss:

00:00 Intro
02:07 Understanding the role of money in your life
04:55 Four aspects of life
08:03 Money is a tool for you to do the things you want to do
11:42 Importance of financial education
14:26 The 3 bad habits in handling money
16:08 Don’t go broke just to look rich
18:10 The problem with saving money
19:30 Stop blindly following the system
27:59 Understanding the concept of money
30:53 Equity
33:58 The wealth formula
36:10 Investing with little money
40:42 The best investment in the world
45:09 Delayed gratification
49:43 Having financial confidence
51:27 Recessions and market crashes
1:02:56 Avoid emotional investing
1:09:22 Jaspreet’s Final Five

Episode Resources

Jaspreet Singh | Instagram
Jaspreet Singh | Twitter
Jaspreet Singh | Website

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