YouSaid · the spoken record

Jaspreet Singh

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2024-11-21
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2024-11-21
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  1. “So you want me to send a hundred some thousand dollars by the end of the day whose fault is this? And I remembered this response. He said it's nobody's fault. And, you know, I didn't really process what he said, but I had to think through this. I said,”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  2. “I get a call early in the morning from my accountant, and if you get a call from your accountant early morning in January, it's never a good sign. I don't know that. He calls me, says Just, how are you doing? I said, I'm good, how are you? Thinking I'm going to get some good news. He said, Hey, I made a little mistake on the taxes. Could you do me a favor? And wire eighteen thousand dollars to the state of Michigan by the end of the day? I said, excuse me? He said, oh, also, could you also, by the end of the day, please wire $100,000 to the federal IRS? By the end of the day? Excuse me? Oh, in the last part, you're gonna pay penalties and interest on this too. And it took me a minute to really absorb all this information.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  3. “And then I always wondered why we don't talk about tax planning, what should I do? It's just like at the end of the year, I get this big email, send me all of your stuff. And then I don't hear from them for a long time. And then he says, sign this paperwork. And I didn't really think much of it. But then one year. It was January. I'm in my office.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  4. “and I'll give you a story of this. I told you if you want to talk about mistakes, we can go for hours and days about my mistakes because I screwed up a lot. I had an accountant, and I figured that if I'm paying less money in accounting fees, I am saving money so my business can keep more money I can build more wealth, right? But one of the most expensive things that you can do is be cheap. So I had this accountant that was cheap. And all he did was file my taxes. Kind of. I mean, he was late and whatever, but he was cheap. The monthly payment was cheap, so I didn't really care too much because I got the taxes done.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  5. “One of the most expensive things that you can do is be cheap, and I learned that the hard way because I was born to be cheap. You know, I talked about how Indian people make a dollar to spend twenty cents. That was my family growing up. And that was the way that I was raised, that if you become a doctor, you'll make a nice six figure salary. You can live off of thirty thousand dollars a year and save a whole lot of money. And I never questioned it, but this is a very kind of just don't spend money. That's how you build wealth. Because if I give you money, that means I'm taking my wealth and giving it to you and I'm getting nothing in return. And that goes back to that mindset. Money is abundant. And that scarcity thinking is One of the most expensive things that you can do.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  6. “I wanted to get it done and so I'd find the cheapest and fastest contractor, the cheapest and fastest property manager, the cheapest and fastest, or not the cheapest, but the fastest tenant that I could bring in because I wanted to do it quickly. I wanted to get there fast.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  7. “we had the documentation saying that they slipped and fell at a friend's barbecue, and then we go through the hospital records, and we found out that this person slipped and fell at a barbecue. But they wanted to get some money out of this rich landlord. I'm a twenty two year old kid, a twenty one year old kid, I have no idea what's going on. And so the insurance company had to settle. They paid fourteen thousand dollars to make the case go away.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  8. “And so we thought, okay, just let us know when you want the chip fixed, the contractor is waiting. They never brought it up again. Then we get this lawsuit saying that we were negligent that I am this evil, greedy human being because I refuse to fix this chip in the bathtub which made the bathtub slippery when the water was on, which caused this person to slip and fall and break their hip. And so now we go through the lawsuit process. Thankfully I had insurance, but the insurance company still has to pay for the attorney. I still have to be involved through all the proceedings. And now they're claiming that because I didn't fix this chip and made the bathtub slippery and that's what caused this tenant to get hurt.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  9. “Well, I'll tell you exactly what happened. There was a chip about the size of a quarter in the bathtub the painter chipped. They filed a complaint with my new property manager. Thank God I switched property managers because what a good property manager does is they're going to document everything that happens. So my property manager documents that, okay, tenant complaints of a chip in their bathtub. We send out the contractor so that property manager sends out the contractor, they go there to fix the chip in the bathtub. And you know what the tenant says? Can you come back a different time? My husband slipped and fell at a friend's barbecue, and so we don't want you to fix that chip today. The contractor says okay, we note this down. He tries to then fix the chip three more times, but the tenant denies it every single time.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  10. “You can learn as much as you want. You're going to make mistakes. It is a part of the process. You can learn everything you want, but every real estate deal is unique. You are going to screw up, and I have made a lot of screw ups. But once you get through the screw ups, it becomes a lot easier. I call it the hurdle. But then things get even more exciting because now it will bring on a new property manager. tennis move out and then we think everything is good and now I get a letter delivered to me, hand delivered. This is a nice gift. It says just breathe sing, you are being sued. I said, What? Those tenants then sued me. because they claimed that the bathtub was too slippery when the water was on. And now here I have this lawsuit. I'm twenty one twenty two. I have no idea what's going on.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  11. “Well, I could have either at number one had a real estate investor that I could have talked to, which I didn't have access to. I read a lot of real estate books. So if you say what could I have done differently?”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  12. “two I hired a property manager, which I didn't realize was a fake property manager. We didn't even sign a lease with a tenant. I didn't even sign a contract with the property manager. They weren't working with the tenants, and they gave the tenant my phone number. So here I am sitting in my organic chemistry class, getting calls from my tenant, saying the property is going to implode because the light bulb fused. Then we brought in a bad tenant.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  13. “The best investment I ever made is the investment of myself. Has given me a much better return than any real estate, than any stock, and even than any cryptocurrency. And when I say best and investment in myself, Two things Number one is the investment that I have made in my own education outside of school, so books, podcasts, classes, coaching. I have made a lot of mistakes. They have cost me a lot of stress, a lot of headache, a lot of money, but they have taught me a ton. I'll talk about real estate for a second. If we go back to the first condo. The sunshine and rainbows is a rentless property up for six hundred dollars a month. But the downfall or the risky part and the bad part is that I made every mistake possible. Number one, I hired a bad contractor.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  14. “I do not, and the reason why is I have other things that I need to do, and I don't want to spend my time managing the property. I want to spend my time acquiring. I want to spend my time investing, but I don't want to spend my time managing.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  15. “That's what is 70% cash on cash return means. Now, for me, I prefer single family houses or multifamily apartments because that's kind of where I got started and I've found more success there and it's a little bit more innovation proof because we know that offices can go up and down if companies are working from home, confices can be affected. The retail sector can be impacted if companies are moving online and we see that there's a lot of shifts happening in the retail spaces. But at the end of the day, you got to find what's right for you and how involved you want to be. When I invest in real estate, I want it to be passive for me. That after I find a property, after we do the renovations, I want to give the keys over to a property manager.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  16. “So if I invest it a dollar today, I want seven cents of cash flow after expenses every year for my dollar that I invest. So if I buy, let's just call it a hundred thousand dollars house. And I'm going to keep a very simple, we're going to have no debt. I take a hundred thousand dollars out of my bank account and I buy this one hundred thousand dollars house that I then rent out. that rent after all the expenses, and then put at least seven thousand dollars into my pocket every year.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  17. “What you invest in is going to depend on what's best for you. But the way I like to look at it for me, because I can't tell you what to do, is for me when I invest in real estate, is I look for a seven percent cash on cash return minimum.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  18. “Those industries that have the ability to potentially grow the revenues, grow their profits, grow the stock prices. These can then create what we call a government shift because the government spending shift and that can create an investment opportunity for investors that want to be a little bit more sophisticated. But I'm going to say this again. As a long-term investor, Forget the collection cycles. You're not nesting for the long term.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  19. “Exactly three is investing in the military. Now what does it mean to invest in the military? Well, if we're investing in the military, that means that we're going to be practicing, shooting more guns, shooting more bullets, having artillery, having planes and other machinery, and these are then done by private companies. And so if the government can spend and choose where to spend money, and the government then decides that they want to spend more money or allow companies to be more free to do whatever they want in these industries,”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  20. “Less regulations and morability to produce product and sell more product, they could see bigger revenues and bigger profits. Number two, with financial service industries, things like the companies on Wall Street, if you deregulate them and give them the ability to do more things, they can make bigger revenues and bigger profits.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  21. “and that can then impact those stocks, it can impact those industries, and it can impact those businesses. So now let's break this down. If you're a long-term investor, you're investing in the S&P 500, you're investing in just general ETFs and index funds and mutual funds, it does not matter. But if you are, let's say, a little more sophisticated, you want to understand how government shifts that are happening, now we can dig a little bit deeper. So prior to the election, we published a whole report in Market Briefs Pro on this, where what we talked about is if Trump is elected president, here are the things that he has said that he's going to do. Number one, he wants to deregulate oil and gas. Number two, he wants to deregulate the financial service industry, and number three, he wants to invest in the military. So if we break this down, oil and gas, these are companies that are investing in drilling oil, and so these companies have”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  22. “And GDP is a measure of all spending the happiness in our economy. In the United States, the largest spender is the government. thirty percent of our GDP our economy is government spending. Which means that there are certain entities, certain businesses that will benefit, depending on where the government spends money.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  23. “But if we take a look at the last fifteen presidents in the United States, some have been Democrat, some have been Republican. The stock market has gone up under Democratic presidents, it's also fallen under Democratic presidents. The stock market has gone up under Republican presidents. It's also fallen under Republican presidents. So what does that mean? Well, if you were disinvesting for the long term, who cares? But for some investors, that will call it a little bit more sophisticated. You might want to understand what the president is going to do in terms of shifting government spending. Now I'm going to make this a little bit technical, but let me kind of break this down. Our economy is measured through a number called GDP.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  24. “Because I believe that it's up to you to take care of your family, to be the one to take care of yourself, that we can also help take care of your community. That is my belief, that it is your duty to do so, and if you rely on the government or somebody else to do it, well, you are asking for problems. And we've seen this in many instances where you might have heard in the United States social security is drying up. It's never going to dry up because the government can just print more money and pay it out. But it's never going to be enough to live a great life. People that relied on pensions, well, pensions are becoming a thing of the past. Some pensions have gone bankrupt, and people have lost that. So it is more important than ever for you to become financially sufficient and financially stable through your own financial education.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  25. “How about 50,000 to 500,000? And that's going to require, number one, you break out of that mindset shift, that invisible barrier, but also understanding. There's a lot of money out there.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  26. “Let's try to earn five hundred thousand dollars a year now. And the first thing that's going to happen is you're going to say, whoa, whoa, whoa, five hundred thousand dollars a year. My boss is not going to give me a five hundred thousand dollars a year salary. What are you talking about, Jasperit? Well, okay, let's break this down. If you want to make more money, how do you do it? I don't know. Well, let's start learning. Where are you going to go to learn? On Google, YouTube? Okay, let's go to Google and YouTube. How can I make more money? Maybe you start by learning how to ask for a raise. Maybe you learn to get a career change. Maybe you learn to change jobs. Or maybe now you start to think a little bit different and you say maybe you start to build a side business or a side hustle that way you can start earning more money. But until you realize that it's possible to, instead of trying to go from 50,000 to 55,000 to 58,000 to sixty five thousand, let's try to go a little bit bigger.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  27. “So if you make fifty thousand dollars a year right now. What you might start doing if you become financially smart is you might say all right, I'm gonna start living off of seventy five percent of what I make, and I'm going to invest the other fifteen percent. Means I'm going to live off of 30,000 and saving invest, we'll call it $20,000. You might now say ah, I like this idea of investing. I'm seeing the potential. What do I do? Make $50,000 a year, how about I keep cutting back? Now I'm gonna live off of twenty five thousand twenty three thousand? There's a limited number of dollars that you can squeeze out of this pie, but there's no limit to how much you can earn. So what if I say let's flip it up a little bit? How about instead of trying to squeeze more pennies out of this fifty thousand dollars that you have?”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  28. “You're fighting for your parents' attention. And there's a limited attention span that your parents have. If you have siblings, now it's divided. And so you can't have all the attention, so if they're giving your parents are giving their attention to somebody else, that means you're not getting attention. It's a yes or no. It's a black and white. With money, that's not the case. You can be rich and I can be rich. But we have to understand that there's a lot of money in the world. I mean, the United States government has $35 some trillion dollars of debt. It's a lot of money. And so if we just take a small piece of that, a small piece of the dollars out there, you can build wealth and somebody else can build wealth.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  29. “Money is abundant. And what I mean by that is You have to be willing to think bigger because oftentimes what happens is we start to think about The dollars that I'm giving as opposed to the dollars that I'm getting. If I pay you a dollar, you are getting rich off of me. But I'm not looking at what I'm getting. If I'm getting two dollars from you, well, is it bad that I pay you one dollar? No, and this is where now we need to start understanding there's a lot of money in the world. Just because somebody gets rich, that doesn't mean somebody else can't get rich. And the reason why we get this confused is because we assume that money is scarce. And this comes from her childhood. Because when you grow up,”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  30. “Financial problems are one of the leading causes of suicide and divorce. Financial problems can really stress you out, and they can cause a whole lot of anxiety and depression. Financial problems can also ruin your spiritual fitness because if you can't pay your bills, you can easily lose your sense of purpose. So yes, being financially fit is its own part it all comes together in your life.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  31. “At the very top this financial fitness. And once you have the bottom three, having financial fitness gives you the most power and ability to live the best life possible, because this is all about now being able to solve your financial problems, being able to not worry about paying your bills, being able to have the nicer stuff when you want and not have to worry about the price. And the thing about this that I want to really hammer home is if you don't have this financial fitness, now your physical fitness can get hurt because you can't afford the nice gym membership, you can't afford the healthy food, you can't afford to take care of your body. If you don't have the financial fitness, your mental fitness can get hurt.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  32. “And what I like to say is that there are four fitnesses in your life. If you want to live a happy and fulfilled life, you have to be physically fit, mentally fit, spiritually fit, and financially fit. If you're physically fit, you're on your deathbed, you're morbidly obese, having ten million dollars is not going to make you happy. All you want to do is be healthy again. Mentally fit is about being happy. If you're surrounded by toxic people, if you're unhappy, if you're depressed, if you're anxious, if you're just miserable, you're never going to be able to really enjoy life. Having more money is not going to fulfill that whole. Spiritually fit does not mean religious, it means having a purpose. What is the reason for getting out of bed every day? What is the reason for wanting to go out and achieve and do something? Because if you have ten million dollars, what's the reason for wanting to get up and conquer?”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  33. “You have to understand how money plays a part in your life. When I say money as a tool, what I mean by that is money doesn't make you a good person, money doesn't make you a bad person. It amplifies who you are.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  34. “People are becoming so wealthy, investment levels are skyrocketing, billionaires are becoming even richer, and they don't understand and people just get angry, when in reality you can participate in that same game and win in this game because our economic system is designed to benefit investors. And if you don't understand that, you will never be able to win in the system.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  35. “It was a hundred percent. It was just anger, just pure anger. I'm going to prove you wrong. And slowly the business started to grow. I started to be seen on TV and all these things started to happen. And so I was fortunate that my business also flipped, that now I'm not selling socks. I'm building this financial media company, Briefs Media. And now for me it's There is a purpose for what I do. There's a lot of people that are lacking financial education. There's a lot of people that are working really hard, that have no idea why they can't build any wealth, that keep hearing about how all.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  36. “And in the beginning for me, it was, I was pissed off. I wanted to prove people wrong and I was angry and I don't try to cuss on camera that often, but here we go. I was angry. And the reason why I was angry is because when I That decision to not become a doctor The thing that I was told. was I'm throwing away the sacrifice that my parents made, and I started the business at the time of working in the e commerce world and I started a sock company. And so then the comments that we get was, so Jasprit, you were going to become a doctor, now you're selling socks. And it was this very just reoccurring, just like. You gave up your dreams, you gave up all the sacrifices that your family did, you don't even appreciate the things, the sacrifices, and now you're just gonna sell socks on the internet. That was my fuel. Because”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  37. “So, I'm not a big fan of meditating on this idea you become wealthy. I'm not a big fan of this woo-woo idea of I'm going to become wealthy, I'm going to become wealthy. That's not how it works. But what I do believe is you have to keep reminding yourself and giving yourself the motivation and discipline in the beginning as to why you started some fuel as to why you started. So one of the things I like to talk about is what is your why? Who are you doing this for? And so in our office, everybody has next to their desk this tack board where you can put pictures or whatever it might be to remind you of why you're working hard.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  38. “And so when it was my graduation day, everybody, you know, wear a nice suit and tie and you kind of get all dressed up to go. I told my dad, look, I told you I'm going to get you the diploma, but I'm going to do it on my terms. So I decided not to wear a suit. I decided to wear a very traditional Punjabi outfit called a Kurta pajama, which is a long shirt and pants, and I wore traditional that's called a punjabi juti meaning Indian shoes. And For me, I just wanted to do that because it gave me this confidence. And yeah, I mean, people will say, what the heck are you wearing? But for me, I needed that burst of confidence that I'm doing this for me and I. I get fueled by people questioning me. and you have to find what fuels you.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  39. “Can you not afford a nicer car? And so I kind of put myself in this position of hearing this stuff and wanted to really, you talked about confidence. I wanted to really build my confidence to be that person that did something different. And I don't know. I get joy of it. I'm a weirdo. I get joy out of that. When I graduated law school, I told my dad before I graduated law school, even before that I'm only doing this for you.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  40. “What I do, and I don't know if I recommend this to anybody else is I'm a little stubborn, I'm going to kind of preface it with that is I do think out and be different. So what I mean by this, I'm going to go back to what I said before. The first time I made a million dollars in a year, I thought originally that I would be flying in private jets and bawling out and doing all this stuff. But I knew that I wanted something different. I wanted to build this wealth, but I didn't want to now start living like everybody else. I wanted to do something different. So I continued living small. That's why I continued driving around in this car because Everybody questioned what the heck I was doing. People were wondering is Jasper actually successful or is this guy a hoax? Is Jasper?”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  41. “And then one day we hit a million subscribers, and I was like, oh crap, I hope my brother doesn't remember this promise because I don't want to shut this down. But then we continued growing. And here I was, this guy, who had been successful. I'm already investing in real estate. I've had some business success. I broke out of this idea of becoming a doctor and started a business. And I'm still putting these limitations on myself that I can't start a YouTube channel. Why did I do that? Because I had never done that before. I had never seen this happen for somebody like me before.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  42. “I don't know what I'm going to do. But if I had a million subscribers, I'm going to shut my channel down, because there's no way. It's impossible that my channel is going to hit one million subscribers. There's not one million weirdos in the world that are going to want to watch this random guy on YouTube talk about guacamole and money, right? And the funny thing is, I started making these videos. I started enjoying making these videos because I started talking about the things that I wish somebody would have told me before. And people started to watch. And people started to actually enjoy it and share it with their friends. And then we had a hundred thousand subscribers, and I couldn't believe it. We hit five hundred thousand subscribers, and I couldn't believe it.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  43. “At every stage of your life, you're in some sort of barrier. And, you know. Everything that you do now has to be constantly working to shock yourself. When I started my YouTube channel, it's kind of funny. I didn't start my YouTube channel thinking that it was going to be big. And the funny thing was I always thought that I thought big. I think big. I'm going to start a business. I'm going to prove everybody wrong. I didn't start my YouTube channel to make money. This was kind of a hobby for me. But I remember, and I laugh at this now. I told my brother, when I started my YouTube channel, if I hit one hundred thousand subscribers.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  44. “Can't unlearn it You can't ever go and follow that same traditional path and do that again because you saw the other side. And until you get a taste of it, you're going to be stuck, and that's where, again, all success starts with their mindset. And that's why I say. I will become wealthy.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  45. “Because you blew past your own expectations. We have this invisible box around ourselves. And this is what you want to be able to break out of. This is that mindset shift that you have to be able to make. And that's the first part to becoming wealthy.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  46. “So, what most people do is they start going like this, this, and then now we freeze up because I don't know where I can go next. But the way that you do it is we're going to break the invisible barrier. So what I'm going to do now is I'm going to start the same way I did before. But instead of creating the same cut that I did last time, I'm going to break the invisible barrier, go a little bit further down. And now I'm going to come up like this. Then I'm going to go this way. And then I'm going to finish it up like that. You break the invisible barrier. You go beyond what you think you can do.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  47. “Are all invisible boxes. You see it right there. And that is why we make every team member, every employee do that on the first day because what we say is, look, we've got to come here and innovate. And if you want to be able to innovate and do something big, you have to get out of your own mind and you have to be able to break out of these invisible barriers. And so now when you go back to your question, it's very difficult. It is difficult. So, how do you do it? And so this goes into now your personal development. What I would recommend is go read five books on self-development, personal development, and really now try to implement these things into your life. Because until you can start to think a little bit different and you can start to see the world a little bit bigger.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  48. “You can go over a previous line, but you cannot pick up your pen. So if there's nine dots, one, two, three, four, five, six, seven, eight, nine. You have to connect all four dots, sorry, all nine dots with four lines. You can't curve the pen and you can't pick up your pen. And people will say this is impossible. And the reason why you say it's impossible is because you have just created an invisible barrier. Because now if you go outside of the box, if you extend the pen a little bit further, then you can start to connect all of these dots. And now you realize, oh, it is possible if I don't create these invisible walls around myself, if I don't put myself in this invisible box. And that's what we do. We're all conditioned to do this to some extent. If you grow up in poverty, it might be that you can never become any level of successful. If you grow up thinking that you're on a big be this thing, it might be that you can never start a business. You can never become an investor. And now in your 30s, you want to go out and do something different. It might be that somebody like you can never do something different.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  49. “Is you have to, in four lines, touch every dot on the screen without picking up your pen. You have to touch every dot all of these nine dots without picking up your pen. And so when you do that, you might say, well, it's impossible. How do you do that? And so this is where now”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT

  50. “Yes, and I'm not going to spoil it, but I will, actually, that's the only way I can get it across. But the way that this exercise works.”

    2024-11-21 · The Diary of a CEO · The Savings Expert: Are You Under 45? You Probably Aren’t Getting A Pension! Do Not Buy A House! This Is Probably Why You’re Broke! - Jaspreet Singh · IDENTIFIED FROM THE TRANSCRIPT