@MinorityMindset
Thank you for having me on! I appreciate the opportunity 🙏🥑
@linda122000
This advice should be reframed as "Don't buy a house you can't afford". I bought my house earlier this year and I have never felt so much stability in my life. I ran the numbers endlessly and stuck to my budget so I wouldn't be house poor. Being house poor prevents you from building wealth, not the sole act of buying a house.
@Encyclias
Bought a house 15 yrs ago, paid it off. Best decision I made considering the housing market now and cost of living. Still strongly believe no one should have to pay property tax on their primary residence once it's paid in full.
@markmaker2488
The reason that they don’t teach you how to make money is because they want you to be a good little consumer, not the competition.
@LifeWithMatty
I’m from Hull, UK, where careers advice was to be a builder or hairdresser. At 18, unemployed after Army training, I was told to give up on graphic design and aim for McDonald's or factory work. I took a risk and landed a junior web designer job. Two decades later, I run a digital agency. Don’t let where you’re from or others’ opinions define you. Work hard, think smart, and keep learning. In the UK, education, schools really need looking at
@KM-wv2og
One of the biggest takeaways here for me is when he said stop watching Netflix and that's not because you're going to see $15 a month it's because you're going to save 2 hours a day of your time😮😮😮❤
@monet-unique
I am a single mom and a hair stylist of 15 years. 1 year ago, I was scrounging for change and drinking too much because I was depressed and at a loss for a future vision. I started watching videos like this and made the change. Life was already crap, so I had nothing to lose. As of right now, I don't live pay check to paycheck anymore and I'm investing my savings while still having enough for an emergency in the bank. The peace of mind and spirit this small step forward has brought me is priceless. I haven't bought myself clothes in 2 years and I eat stuff like Ramen still 😂 I was doing thay anyway, so what's the big deal? PLEASE head the advice in this video. Study, learn, build your future. Become free! 🙏🙏
@niceguydmm
Retired at 62. 2400.00 SS check, 1600 sq ft home paid off with a property tax of 920.00 a year in my area. I purchased my home in 1998 and kept my butt there. Put a new roof on and heat-pump on last year. No loans to pay, no car payments. ACA insurance. Stop spending around 55 and get your home paid off. Stop the new car buying. Learn to keep what you have a take care of it. Save some cash and don't touch it for emergencies. Never smoked or drink and eat healthy. I don't need 1.8 million. Wife will start here SS check of 1300 in 3 years. People just can't stop spending is the real issue.
@seldon3735
I wished people watched the whole episode before commenting. For starters, he never said to not buy a house. He said to not buy a house you can't afford and explained what affording meant. As someone who's looking into buying a house, I have seen my friends buy homes they can't afford and as a result are house poor. Sure they're saving some by not renting but they've pretty much sacrificing everything to pay the bills. This is the first time I came across him, and unlike the wanna be financial gurus, he seems to speak with clarity in simple words and keeps it factual instead of hyping things off. He comes off as a kind human being who genuinely wants ppl to grow and do well, just like he has done for himself. And one last thing I liked about him was that he keeps using the word 'wealth' instead of 'rich.' Good stuff 👍.
@marylouveniziano1881
The tips here are excellent but for me balance is very important. Save every month but do not deprive yourself. Savings is a priority, but not to the extent that you feel so tied down and deprived.Tomorrow is not promised. I knew a woman who worked hard for many years oversees. In her many yrs of working she used one same coat. She saved a lot, built 20 units of rental properties and a year after her retirement she got hit by a bus in Italy. She didn’t enjoy her whole life, saving for the future she didn’t experience. So save for the future but do not deprive the present.
@Thomas_Abel_Anderson
53:41 Jaspreet Singh portfolio includes: Real estate 50 % Companies 15 % ETFs 15 % Speculative assets (incl. crypto) 18 % Gold 2 % 2:21:00 Best books to read: Robert Kiyosaki – Rich Dad, Poor Dad Dave Ramsey – The Total Money Makeover G. Edward Griffin – The Creature from Jekyll Island 2:21:40 Read even more Five books on money management and investing Five books on personal development and self-development Five books about how to start a business Five books on leadership Five books on how to scale market and grow your business
@JonP.Hickman
Soaring housing prices, coupled with stagnant wages and rising interest rates, have made homeownership unattainable for many. As a result, a growing number of people are facing the harsh reality of being priced out of the housing market, contributing to a potential housing crisis.
@tanvirhossain5475
I live in Canada. I bought a house back in 2020 worth 345000 with 20% down. I pay 1000/month in mortgage. 200/month for insurance. I rent the basement for 1500/month and live on the main floor with 3 beds 2 baths which is very comfortable for me. If I want to rent the same type of house it would cost me 2000/month. So I do not think a house is a bad investment. It's a blessing for me. I am living for free and have a positive cash flow every month.
@Tjmont
amazing how many people didn't listen. He said ''I'm not saying it's bad to own a house, I'm saying its bad to own a house you can't afford'' and then went into all the costs associated and figuring out if you can afford it.
@Sonny818
Buy land and get a mobile home. Property tax is cheaper. I bought a big plot of land that came with a mobile home. It cost me what rent would’ve cost me for 2 years in a city. I have privacy, big trees that give me fresh air, I can hear nature, my property tax is low because it’s a mobile home, I have my own well water that doesn’t have fluoride, I have electricity, I put in a woodstove as a back up plan, It’s super cozy, easy to heat and cool, low maintenance when I leave for months the winter. It’s cozy, I’m not trying to impress anyone or show off a big fancy home. I got some nice appliances that works well for me and I recommend people to do the same!
@debrasandidge1402
Jaspreet is my number one guy on YouTube. He makes Financial education EASY! Jaspreet keeps it REAL! He gives us the opportunity to be Financially free. He also makes it very clear you have to do the work for yourself, nobody going to care about your money more than you. I have learned and continue to learn from Jaspreet's Minority Mindset. Jaspreet Thank you 🙏🏾 Debra S.
@LightsOn128
You guys talk about a wife/partner as a liability. And women play into it because they are taught from a young age to “marry well”. I married at 19 and after 13 years of getting him through college he decides he’s unhappy leaves the marriage and me with two kids. After that I decided I would never allow myself to be at the mercy of another’s whims. I worked two,jobs went to school at night got my accounting degree then a law degree. Today I am married to a wonderful person who worked hard and supported me in building my business. After 12 years we sold my business and invested 80% and used 20% to buy a nice home and a vacation home on the beach all debt free. This is true generational wealth.
@Conway773
This is simple. Buy a home that you can afford after figuring in all the financial factors. Then live below your means until you have enough money and means to buy a better home without selling the original home. Rent the original home at a rate that pays your mortgage x 2 extra. Now you have an asset and a home. I did this and am very happy with my first home now paid off and the rent is pure passive income. Plus the house has doubled in value as well as the home I live in. A simple method for an ordinary person like myself. It works.
@luanfs
I bought my home 4 years ago... I pay $1,800 in mortgage, 3 beds, 2 baths, garage, in ground pool (currently not useable) and almost 2 acres of land, it has nearly doubled in value... Meanwhile rent in this area is going for over $2,000 a month.... Do not buy something you can not afford, be realistic.
@TheDiaryOfACEO