Episode•January 13, 2022•6 min

Minority Mindset with Jaspreet Singh | Ep. 84

Live from FinCon 2021, Tiffany sits down with this year's keynote speaker for FinCon, Jaspreet Singh. Jaspreet and Tiffany talk about Jaspreet's journey with his company and how to adopt the 'minority mindset.' About Our Guest Jaspreet Singh is a serial entrepreneur, licensed attorney, and the founder of Minority Mindset, a financial media company & YouTube Channelwith over one million subscribers. 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 Minority Mindset and the host of the Minority Mindset YouTube Channel. Jaspreet is self-taught. His parents are immigrants from the state of Punjab, India. Like many of his second generation Indians, Jaspreet grew up thinking that he needed to become a doctor. But he found a new path. He started his first business – an event planning company – when he was in college. He started Minority Mindset as a hobby just to teach others how to not make the same mistakes he made. Jaspreet pursued Minority Mindset full time after graduating law school. Now Minority Mindset has grown into a full media company. His company is completely bootstrapped. As he likes to say, YouTube funded his business. He uses his viral YouTube channel’s revenue to fund and grow Minority Mindset. His brand has helped countless people get out of debt, start investing, and create a plan towards building wealth. Connect with Jaspreet Website: https://theminoritymindset.com Instagram: @minoritymindset Youtube: https://www.youtube.com/minoritymindset Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

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Key Takeaways

The Minority Mindset is about thinking differently than the majority, not about ethnicity or skin color.

Majority mindset focuses on credit, status symbols, and spending; minority mindset focuses on making money work for you through saving and investing.

Example: Give the majority $200, they'll come back with a pair of shoes. Give the minority $200, they'll come back with $2,000.

Formal education rarely teaches personal finance, investing, or wealth building.

Both Tiffany and Jaspreet completed multiple degrees without ever taking a personal finance class.

Jaspreet learned everything valuable about money outside the classroom through running businesses and investing in college.

A high salary does not equal financial freedom without financial education.

Doctors and other high earners can still lack freedom if they have no financial literacy.

High earners pay the most in taxes and may work half the year just to cover them.

Financial success is accessible to anyone willing to pursue education and put in the work.

Wealth building is possible regardless of degree, background, or upbringing.

It is not easy, which is why most people don't achieve it, but it is achievable.

Intro

Live from FinCon 2021, Tiffany interviews keynote speaker Jaspreet Singh about his journey building Minority Mindset and adopting a mindset for financial success.

Jaspreet Singh is a serial entrepreneur, licensed attorney, and founder of Minority Mindset, a financial media company and YouTube channel with over one million subscribers. Self-taught, he bootstrapped his company using YouTube revenue and is on a mission to make financial education fun and accessible.

Minority Mindset with Jaspreet Singh | Ep. 84

Key Takeaways

Intro

– Opening and Guest Introduction

– Defining the Minority Mindset

– The Education Gap in Schools

– High Income vs. Financial Freedom

– Accessibility of Financial Success

– Where to Find Jaspreet and Minority Mindset

Resources

Topics