logo
episode-header-image
Dec 2024
16m 25s

3 Habits That Keep Most Americans Broke ...

minoritymindset
About this episode

“If you’re broke, you’re making someone else rich. Let’s break that cycle.”

Jaspreet dives into the three destructive habits keeping so many Americans stuck financially—and how to break free. If you’re tired of living paycheck to paycheck, these insights will help you shift your mindset, build wealth, and take control of your financial future.

What You’ll Learn:

  • Habit #1: Operating on emotion instead of logic—how spending for instant gratification keeps you trapped.
  • Habit #2: Mastering formal education but neglecting financial education—why your degree won’t make you wealthy, but smart investments will.
  • Habit #3: Letting fear stop you—why playing it safe financially is the riskiest move of all.

Jaspreet gets real about the sacrifices needed to succeed, the mindset shifts necessary to thrive, and why you need to stop caring about what others think. 

 

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
Jul 10
Do These 5 Things When You Get $1,000 Asap
"Once you get $1,000, don't run to Gucci and blow it on an ugly shirt like your broke cousin does." Jaspreet is here with a smarter, richer alternative. In this episode, he breaks down five powerful ways to turn $1,000 into so much more...whether you're trying to grow wealth, get ... Show More
17m 39s
Jul 8
Do This with Every Paycheck to Build Wealth Faster
“You can either use your paycheck to build your wealth or to just pay your bills—and most Americans are doing it wrong.” In this episode, Jaspreet breaks down the paycheck trap and why income alone isn’t the answer to wealth. If you’re earning decent money but still coming up sho ... Show More
23m 15s
Jul 3
10 Money Moves You MUST Make Before You Turn 40
"You don’t need to be rich by 40...but you do need a game plan." In this episode, Jaspreet lays out the 10 essential money moves every adult needs to make before they hit the big 4-0. Whether you're 22 or 39 and a half, these aren’t just tips, they’re turning points. From definin ... Show More
19m 35s
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
May 2
9 Money Habits That Keep You Broke
>> Get The Book (Buy Back Your Time): ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/3pCTG78⁠⁠⁠⁠⁠⁠⁠⁠⁠ >> Subscribe to My Newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/3⁠Every day, you’re making a choice: stay broke or build wealth.And it all comes down to habits.In this episode, I’m breaking down the 9 money hab ... Show More
17m 38s
Dec 2023
5 Keys To Break Bad Money Habits (& What To Do Instead)
Get ready to reach next level wealth! It all starts with changing your identity and your habits around money. Links + Resources:Get executive coaching with Cayla Craft! - Submit Here! Increase your INCOME, PORTFOLIO, and IMPACT!https://caylacraft.com/ Check out the program to Rew ... Show More
26m 56s
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
Nov 2024
What Percentage of Net Worth Should be in Stocks, Old 401(k), Books for Buying Businesses and More! - Money Q&A
In this episode of the Personal Finance Podcast Money Q&A, we're going to talk about what percentage of your net worth should be in stocks, what to do with an old 401k, books for buying businesses and so much more. Today we are going to answer these questions! Question 1: Should ... Show More
32m 39s
Feb 2024
Advice From Long Time Finacially Independant Investor Series
Grab a FREE copy my eBOOK, You Don’t Have to Die Broke: http://www.GeraldPeters.info 👈 Everyone starts at the beginning with zero. Some of us start below 👇 zero. I did. The blue print to building wealth hasn’t changed in 5000 years. You own a business, invest in business or rea ... Show More
21m 4s
Jun 24
How to FIRE Without Investing in Real Estate
You're eager to build serious wealth, but the idea of managing tenants, fixing toilets, handling trash issues, and dealing with the endless headaches that come with real estate investing makes you cringe. Even though we're the world's largest platform for real estate investors, w ... Show More
35m 14s
Sep 2024
3313: How Not to Invest $100,000 by Chris Reining on Investing & Building Wealth
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 3313:Chris Reining illustrates the pitfalls of active investing through the story of a man who lost money by constantly tink ... Show More
11m 9s
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
Apr 21
7 Tiny Habits That Kept You Broke
This week, Sim breaks down the seven tiny money habits that quietly held her back from financial success — and the powerful mindset shifts that changed everything. From learning to say no, to avoiding generational wealth traps, and finally realising the importance of budgeting (n ... Show More
22m 18s