On Purpose with Jay ShettyJaspreet Singh ON: 3 Money Myths That Are Making You Poorer Every Day & How to Survive and Thrive in a Recession
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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.
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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
Episode Resources
