logo
episode-header-image
Jul 2024
18m 48s

The Secret To Not Being Broke

minoritymindset
About this episode

Welcome to the Minority Mindset Show! Are you tired of living paycheck to paycheck? Wondering why you're always broke despite working hard? In this episode, we dive into the hidden traps that keep people from achieving financial stability. From overspending on unnecessary items to falling into debt for instant gratification, we break down the common financial mistakes and how to avoid them.

Discover why 78% of Americans are living paycheck to paycheck and learn the five crucial steps to break free from this cycle. Understand the importance of living below your means, avoiding money traps, and investing in assets that grow your wealth. Learn how to filter your spending decisions and focus on building a financial future that allows you to enjoy life without the stress of debt.

Join us as we reveal practical advice and actionable steps to help you manage your money better and pave the way to financial freedom. It's time to stop the cycle of being broke and start building a secure and prosperous future.

Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

Below are my recommended tools!

Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).

----------

➤ Invest In Stocks Passively

1) M1 Finance - Buy stocks & ETFs automatically:

https://theminoritymindset.com/m1

----------

➤ Life Insurance

2) Policygenius - Get a free life insurance quote:

https://theminoritymindset.com/policygenius

----------

➤ Real Estate Investing Online

3) Fundrise - Invest in real estate with as little as $10!

https://theminoritymindset.com/fundrise

----------

 

Up next
Aug 21
How To Get So Rich You Never Have To Worry About Money Again
“Most people look rich and feel broke. Wealthy people look boring and live free.” If you never want to stress about money again, you need to flip the financial script. Jaspreet breaks down the three wealth rules that should’ve been taught in school but weren’t, starting with the ... Show More
15m 24s
Aug 19
How Much Passive Income $1,000 Gets You
“Most people use an extra $1,000 to flex. Wealthy people use it to multiply.” You won’t retire rich off $1,000 but you can start the machine. In this episode, Jaspreet breaks down exactly how far $1,000 can go when you use it to buy income instead of status. From risky oil royalt ... Show More
14m 26s
Aug 14
Why You Need To Fire Your Financial Advisor (And What To Do Instead)
“Half of financial advisors graduated at the bottom of their class. Let that sink in before you trust them with your money.” Not all financial advisors are created equal and some are getting rich while you stay stuck. In this episode, Jaspreet breaks down the four types of adviso ... Show More
11m 59s
Recommended Episodes
Oct 2024
These 6 Side Hustles Made Us Millionaires - Start Making More Money TODAY (F.I.R.E. For Beginners)
▸▸▸https://www.365daystofire.com/ We're so excited to announce that enrollment for our 365 Days to F.I.R.E. Program is now open! To learn more, go to: https://www.365daystofire.com/ —-Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: https ... Show More
8m 38s
Dec 2024
The 4 Most Dangerous Financial Traits (Avoid These at All Cost!)
In this episode of the Personal Finance Podcast, we're going to talk about the four most dangerous financial traits. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a futur ... Show More
37m 14s
Aug 22
7 Money Lessons I Wish Knew in My 20s! (The Step-by-Step Guide to Build Financial Freedom Faster)
Did anyone ever teach you about money when you were younger? What’s one money mistake you made in your 20s? Today, Jay shares the financial lessons he wishes he knew in his twenties. Insights that don’t just change how you handle money, but how you understand it. Jay reveals that ... Show More
28m 33s
Nov 2024
Fixing Your Broken Financial Behavior w/ Dan Egan #911
  Why aren’t there more millionaires? The basic formula is straightforward: spend less than you earn and invest the surplus in low-cost, diversified index funds. It’s not an exaggeration to say that if you stick to these simple steps, you could be sitting on millions by the time ... Show More
55m 45s
Dec 2024
How to Never Go In Debt During The Holidays Again - Money Q&A
Join our free live masterclass teaching you how to Master Your Money Goals in 2025! Sign-Up Here Today we are going to answer these questions: Question 1: How to never Go Into Debt During the Holidays Again Question 2: Should I pay off debt with my emergency fund? Question 3: Why ... Show More
50m 50s
Nov 2024
Rich Dad Poor Dad - Book Summary
Rich Dad Poor Dad ou can purchase books using this link:https://amzn.to/492WPzC ou can purchase books using this link:https://amzn.to/3YY1X3w Practical Scenarios ​ Building Passive Income: Start by investing in dividend-paying stocks. Use the dividends to purchase more shares, cr ... Show More
32m 54s
Dec 2024
What is the Point Of Investing in Non-Retirement Accounts Long Term - Money Q&A
In this episode of the Personal Finance Podcast Money Q&A, we're going to talk about what is the point of investing in non retirement accounts long term? Today we are going to answer these questions! Question 1: What is the Point Of Investing in Non-Retirement Accounts Long Term? ... Show More
40m 7s
Jan 2025
How to Manage Money Like the Top 1%
In this episode of the Personal Finance Podcast, we're going to talk about how to manage your money like the top 1%. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a futur ... Show More
40m 13s
Jan 2025
Why Index Fund and ETF Investing Could 10x Millionaires
Sign-Up for the FREE Investing for Beginners Workshop Here: https://event.webinarjam.com/register/10/7pn7war In this episode of the Personal Finance Podcast, we're going to talk about reasons why index funds, and ETF investing could 10X millionaires in the coming decades. How And ... Show More
45m 16s
Dec 2024
Why Everyone Seems to Have More Money Than You (You're Not Behind!)
In this episode of the Personal Finance Podcast, we're going to talk about why it feels like everyone is ahead of you financially. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your path ... Show More
36m 1s