The Minority Mindset Show

"If the government can take their cut before you see your paycheck, why not pay yourself first too?" Most people get paid, spend, and then wonder why they’re broke at the end of the month. Wealthy people do the opposite—they invest first, save second, and only spend what’s left. In this episode, Jaspreet walks you through a foolproof system to manage your paycheck so you can start building wealth immediately. Here’s what you’ll learn: The 75/15/10 rule for dividing your income Why you should have three separate bank accounts How to “tax yourself” to build wealth before spending The real difference between saving money and investing it Why increasing your income alone won’t make you rich The mindset shift needed to escape the paycheck-to-paycheck trap How to invest passively using the CPA method (Consistent, Passive, Automatic) If you’ve ever felt like your money disappears before you can put it to work, this episode will help you take control of your finances and start making real progress toward financial freedom. Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

"The tax code is a rulebook—those who understand the rules pay less." Most people don’t realize that the IRS tax code is built to benefit business owners and investors, not employees. If you don’t know how to navigate the system, you’re likely paying more than you need to. In this episode, Jaspreet breaks down seven key tax loopholes that the wealthy use to keep more of their money legally. Here’s what you’ll learn: How Section 179 allows business owners to write off big purchases (like a G-Wagon) The power of real estate depreciation and how it reduces taxable income Why the real estate professional designation can be a game-changer How the 1031 exchange lets investors defer taxes indefinitely The key to maximizing business tax write-offs with “ordinary and necessary” expenses How S-corp payroll strategies can cut self-employment taxes A bonus strategy to legally protect your assets from lawsuits If you want to stop overpaying on taxes and start using the system to your advantage, this episode is for you. Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

Discover why many high earners find themselves in financial trouble despite their income. The discussion reveals how banks and corporations profit from individual struggles. Learn about the two biggest money traps that hold people back—personal spending habits and societal influences. Changing one crucial habit can be the key to financial success, highlighting a shift from consumerism to wealth-building mindset. This insightful talk will transform your perception of money and help you reclaim control over your finances.

Discover how to make your money work for you and potentially retire early by living off dividends. Learn why most fail at dividend investing and uncover a simple three-step strategy to create passive income. Explore the psychology behind successful investing and how to maintain composure in market turmoil. Dive into the best dividend-paying ETFs, REITs, and international funds for your portfolio, along with practical tips for starting your investment journey with just $1,000 a month.

Wealth is about cash flow, not just the number in your bank account. Discover how to shift your mindset from salary reliance to generating profits through asset ownership. Learn two key strategies wealthy individuals use—buying or building assets that bring in revenue without active effort. Explore investment avenues like stocks, real estate, and businesses, and understand the importance of cash flow for true financial freedom. If you're ready to stop living paycheck to paycheck, this guide is your blueprint to work smarter and create sustainable wealth.

Homeownership is often seen as a path to wealth, but it can easily become a financial burden. Discover the pitfalls of frequent refinancing and treating your home like an ATM. Understand why your mortgage payments aren't true investments and how being overly frugal can backfire. Learn about the dangers of buying a home that's too large, and get smart strategies to make homeownership work for you. With the right approach, you can turn your house into a real asset instead of a money trap.

Discover the crucial distinction between being rich and truly wealthy. Learn why high income doesn’t equate to financial security. Uncover the lifestyle inflation trap and how to sidestep it. Explore the 75/15/10 system to automate wealth building. Understand the importance of paying yourself first and identify the best long-term assets to invest in. Dive into active versus passive investing and why real estate and stocks are key to wealth. Gain insights on creating financial protection for true freedom.

Discover how REITs allow you to invest in real estate without the hassle of management or hefty capital. Dive into the pros and cons of REITs versus traditional property ownership. Learn about various types of REITs and which ones yield the best dividends. Uncover tax advantages that make them a smart choice for passive income. Plus, get practical tips on buying REITs and avoid common pitfalls. Perfect for anyone seeking to build wealth without owning physical property!

Relying solely on 401(k) plans for retirement might not cut it anymore. The podcast discusses the need for diversifying savings strategies, especially as traditional pensions fade. Practical investment approaches are emphasized, encouraging listeners to think beyond just retirement accounts. You'll hear about smart ways to maximize retirement savings, with real-world examples illustrating how increased contributions can significantly boost long-term growth. The conversation aims to empower listeners to take charge of their financial futures.

Explore beginner-friendly strategies for investing with just $100. Discover the importance of tackling high-interest debt first. Learn about safer investment options like high-yield savings accounts versus riskier assets such as cryptocurrencies. Delve into personalized investment strategies that include real estate crowdfunding. Hear about the balance between traditional and speculative investments, along with a personal entrepreneurial journey that highlights the challenges of taking risks.