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The School of Greatness

The Biggest Lies You've Been Told About Money, Debt & Building Wealth w/ Jaspreet Singh (Minority Mindset) EP 1257

The School of Greatness

Lewis Howes

Entrepreneurship, Fitness, Inspiration, Greatness, Health, Money, Celebrity Interview, Self Care, Celebrity, Success, Mental Health, Relationships, Mindset, Health & Fitness, Education, Alternative Health, Business, Self-improvement

4.821.6K Ratings

🗓️ 22 April 2022

⏱️ 84 minutes

🧾️ Download transcript

Summary

Today’s guest is Jaspreet Singh, otherwise known as the Minority Mindset. Singh is an attorney, investor, and CEO of both Market Briefs and Market Insider. Although he didn't receive any formal financial education - he is on a mission to make financial education fun and accessible. His brand has helped countless people get out of debt, start investing, and create a plan towards building wealth. In this episode, you will learn:The difference between Tax Avoidance and Tax EvasionThe biggest lies we're told about money growing upWhy it's important to question the status quoHow to manage debtThe pros and cons of investing in real estate For more, go to lewishowes.com/1257 How To Prepare For Financial Freedom In A Changing Economy - EP 1254 Overcome Your Beliefs Around Money w/ Grant Cardone - EP 1229 Make These Smart Money Moves w/ Gino Wickman - EP 1225

Transcript

Click on a timestamp to play from that location

0:00.0

And the more I learned the more I realized I was lied to, we're taught to go to school to get a degree to get a job

0:06.8

So we can then get a job and climb the corporate ladder. Well, wealthy people don't do that. Well, people are not working to climb the corporate ladder

0:13.1

They're working to...

0:14.6

Welcome to the School of Greatness. My name is Louis Howe's former pro athlete turned lifestyle entrepreneur and each week

0:22.9

We bring you an inspiring person or message to help you discover how to unlock your inner greatness. Thanks for spending some time with me today. Now let the class begin.

0:37.9

Welcome back in one of the School of Greatness. I'm very excited about our guest, Jaspreet Singh.

0:42.9

In the house. My man.

0:43.9

Hey Louis, how you doing?

0:44.9

Good to see you brother. I'm very excited about this. You've been teaching the world about money, mindset and all things figuring out and understanding their money for a long time now. You've got over a million subscribers on YouTube.

0:58.9

You're a lawyer but you're also an entrepreneur in a big way, content creator. And I'm curious, we were talking about this beforehand about the different things we wish we would have known about money growing up.

1:08.9

Because I didn't know anything about money that much growing up. You made some mistakes financially when you were getting into the entrepreneur business, you talked about this on your channel.

1:17.9

What is the big thing that you wish everyone knew about money before they started making it?

1:23.9

Oh man. Well it goes back to, I guess just the basics. Because most of us, myself included, are never taught a thing about money.

1:34.9

We're told, go to school, get a degree, get a job and all you figure it out. And then what happens for the majority of people is you end up broke, you end up struggling financially and you can never figure out why.

1:48.9

So the first thing is what is it that you want to achieve in your life financially?

1:53.9

And then you have to go out and figure it out yourself because unfortunately school will never teach you this stuff.

1:59.9

So you didn't learn this in high school or university of Michigan or law school that didn't teach you any of this stuff?

2:05.9

I went through high school, I went through college, I went through one year grad school and then I went through law school and I never once learned to think about money.

2:12.9

Never once learned to think about budgeting, never once learned to think about building wealth, never once learned to think about investing my money and never once learned to think about passive income.

2:20.9

Here I am today with a law degree and I haven't worked a single day as an attorney. Why not? Well, it doesn't make sense for me financially and it's not my purpose.

2:31.9

So I grew up in a traditional Indian house.

2:35.9

Dr. Lawyer?

...

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