If You Have $5000 In The Bank DO THESE 5 Things – Minority Mindset

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If You Have $5000 In The Bank DO THESE 5 Things
0:00 – video starts
0:45 – Understand your savings
3:40 – Pay down your debt
7:30 – Invest your money
13:25 – Protect your assets
17:00 – Invest in your education

What Is The Minority Mindset?
It’s thinking differently than the majority of people.

Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. We do this by sharing videos, articles and resources on how to make, save and invest money. #RethinkRich

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Video host: Jaspreet Singh

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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

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43 comments

Understated and underrated October 25, 2021 - 11:16 pm

How do you build credit without credit?

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Heidi Waukechon October 26, 2021 - 12:04 pm

What are your thoughts about Voyager’s USDC stable coins? It gets 9% APR so I have considered using it like a savings account. Thanks! Love your channel!

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migel5609 October 26, 2021 - 3:18 pm

He never mention how much money he has made . Bienladens brother. I like it anyway

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Farmersville Rental October 28, 2021 - 6:55 am

Thank you

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Robert R October 30, 2021 - 8:51 pm

$4000 a month expense? I don't even make that a month, who is this plan for, Donald Trump? absolute non-sense.

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Still Iraise October 31, 2021 - 3:51 pm

LMK. I WANT TO TAKE A CLASS WITH YOU. ALMOST HOMELESS. WILLING TO SACRIFICE ALL MY SHORT INCOME. LMK.

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Frederick Williams November 1, 2021 - 12:06 am

Please start a Real Estate class.

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sonal patel November 4, 2021 - 12:09 pm

No

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Shane Ubebe November 5, 2021 - 4:47 am

Great video

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Aaron Flynn November 5, 2021 - 7:22 am

Gucci having a sale is NOT an emergency haha

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Joro Rivera November 5, 2021 - 4:08 pm

How about stable coins?

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strider2k2 November 5, 2021 - 10:48 pm

Does crowd-funded real estate work similar to a REIT?

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We Install Toilets November 7, 2021 - 5:26 am

Talk about 2021 inflation. This year is the worst in 30 years.

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MPK MIX November 7, 2021 - 11:36 am

SARDARRR JEEE WHO PUTS MONEY IN THE BANK NOW A DAYS. YOU CANT TRUST THE BANK TO KEEP YOUR MONEY SAFE.

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Jake Richardson November 8, 2021 - 11:05 pm

Was the video sped up?

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Fee Filmz LLC November 9, 2021 - 9:11 pm

If I’m paying off the debt where’s the credit line coming from?

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Mike Hitt November 9, 2021 - 11:48 pm

"Gucci having a sale is not an emergency" lol

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Trkologia November 10, 2021 - 6:12 pm

As of yesterday i am negative 577

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Vice Torr November 11, 2021 - 7:36 pm

Half a million life insurance? IL b worth more dead than alive lol. I have one for 300k

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Glenn Sankey November 12, 2021 - 1:18 pm

Ok 4999.00 to go then we will talk

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Masti Double Delight’s November 12, 2021 - 9:41 pm

Bak bak koi kam di gal krle

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Trader Jays November 12, 2021 - 11:14 pm

How do you invest in Real Estate online???

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shahryar162 November 13, 2021 - 6:15 am

Thank you.

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Sheraz Iqbal November 13, 2021 - 6:01 pm

Desi Dave Ramsey

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Star Gazer November 14, 2021 - 2:15 pm

Finally common sense!

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charles womack November 15, 2021 - 2:00 am

Jaspreet, perhaps you should do a video on attaining Chardi Kala. I have $35 k in my savings account and I was going to purchase a Tesla, but I got a job that I can ride my bike to and do. I have zero credit card or other debt. I do not own a home because I am still choosing to reside in California. The gas and food prices do not affect me very much, but eventually if things continue going the way they are, I will move to Arizona or Nevada.

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thomas thorne November 15, 2021 - 12:25 pm

Dave Ramsey gold standard is to save then get rid of debt. A money conversation should not start any other way

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My View November 15, 2021 - 1:19 pm

Very good advise

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Dan R November 15, 2021 - 6:20 pm

As soon as I heard you say that you need to have $2k save in the bank for an emergency I gave the thumbs down. You need way more than that. $2k doesn't go very far at all today.

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KOFI MENSAH November 15, 2021 - 8:45 pm

Men! You are a blessing to me and many. Thanks for your content. Always waiting for your next. Great job

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TECATE November 16, 2021 - 8:03 pm

Take a shot every time he says money.

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untouchable360x November 18, 2021 - 3:51 pm

6. 304s and blow.

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Katelyn Renesse November 18, 2021 - 5:31 pm

Compounding interest is truly the greatest concept that can be applied to all areas of life in addition to just money. The stock market is definitely a great place to deliver that.i invested about 100 grand in TSLA and NFLX stocks with the help of my F.A Rita Wildrin Mora and made 450 grand, but guess what? i put it back with her again and now i'm rounding up close to a million..

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Leam Co November 18, 2021 - 9:10 pm

Can someone just list the steps please?

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Emmett Driggers November 19, 2021 - 2:02 pm

Thank you sir!

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George Joe November 19, 2021 - 2:17 pm

I have 5000$ in the bank. Can I buy your turban?

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RedEyeification November 19, 2021 - 4:56 pm

I have 35 $ in savings.

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Blingg Al November 19, 2021 - 5:12 pm

Buy Dogezilla now another 10000× coming soon

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Felix Hernandez November 21, 2021 - 1:53 pm

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

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Alejandro Fajardo November 21, 2021 - 4:34 pm

Lets do that class please….

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The Tranquil Heart November 23, 2021 - 11:37 pm

What are the 5 things?

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A A November 24, 2021 - 4:32 am

rich people make money by borrowing and investing over n over, they build up there credit by cheating , if they go bankrupt they dont claim or file bankruptcy cuase they have cash money, they excercise wait on legal bankruptcy protection laws n statue of limitations, after that they start all over again

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Ernesto Morales November 28, 2021 - 6:04 pm

i clicked on the link you provided for the free PDF but was blocked by malware blocker, why is that.

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