The 3 MONEY MYTHS That Keep You Poor! (How To Build Wealth) | Jaspreet Singh & Jay Shetty
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.
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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
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