2
SPEAKER_00
 Diversifying out of the dollar so counting gives me that protection.
2
SPEAKER_00
So cut every week I have money that's leaving my account and being invested into these different ETFs I don't care whether the markets up or down it happens every week in physical gold every month.
2
SPEAKER_00
I use an app for this There's my apps.
2
SPEAKER_00
I like you to do this I have money that's withdrawn out of a bank account that buys me physical gold really now people are gonna say why gold for me?
2
SPEAKER_00
It's it's real money It's another way of saving real money because now if I have 50 grand of cash
2
SPEAKER_00
 Would I rather save and bury that 50 grand of cash in my backyard or bury 50 grand of gold in my backyard?
2
SPEAKER_00
I'd rather bury the gold because I know that 50 grand of cash is guaranteed to lose value every single day.
2
SPEAKER_00
Gold is a store of value because it takes time, effort, and labor to mine physical gold.
2
SPEAKER_00
And that time, effort, and labor is represented through the physical piece of gold.
2
SPEAKER_00
 So that's why I own it.
2
SPEAKER_00
It's not a huge piece of my portfolio, but it's kind of that insurance.
2
SPEAKER_00
That's the way I look at it.
2
SPEAKER_00
It's protection in case everything else goes wrong, that I have some physical gold.
2
SPEAKER_00
So I have that, and then I have my cryptocurrencies.
2
SPEAKER_00
Now I'm mainly in Bitcoin.
2
SPEAKER_00
I have some Ethereum, a couple other coins, but mainly Bitcoin, and every day I buy a little bit of cryptocurrency.
2
SPEAKER_00
Again, I know it's volatile.
2
SPEAKER_00
I know you can see big swings up, big swings down.
2
SPEAKER_00
 I don't care.
2
SPEAKER_00
I'm buying it every single day.
2
SPEAKER_00
So that's my passive strategy where it doesn't matter what's going on in the market.
2
SPEAKER_00
I'm just going to keep buying no matter what's going on.
2
SPEAKER_00
Then my active strategy is now where I do more of the fundamental analysis where I understand where am I actually investing my money.
2
SPEAKER_00
 So this requires much more time and more effort on my end.
2
SPEAKER_00
So on the real estate side, I'm looking for deals that are paying me that 7% cash on cash return.
2
SPEAKER_00
And so I'm gonna be analyzing the numbers, looking for properties, walk through a lot of deals, and when I find something, I will go out and buy it.
2
SPEAKER_00
In the stock market, rather similar.
2
SPEAKER_00
I'm looking for companies that I believe in, that I believe are good fundamentally.
2
SPEAKER_00
Fundamentally means looking at the numbers, right?
2
SPEAKER_00
What do the revenues look like?
2
SPEAKER_00
Have the revenues been growing?
2
SPEAKER_00
How fast are they growing?
2
SPEAKER_00
10% a year, 20% a year?
2
SPEAKER_00
 What about the profits?
2
SPEAKER_00
But you also have to look a little bit deeper than just the profits because you want to see what's going on with the expenses.
2
SPEAKER_00
Where are they investing?
2
SPEAKER_00
Are their expenses going up because the cost of business is becoming more expensive?
2
SPEAKER_00
 or are the expenses rising because they're investing more in their company?
2
SPEAKER_00
So you gotta do a little bit of digging in there.
2
SPEAKER_00
And then in startups, obviously I invest in my own companies, but I also invest in startup companies.
2
SPEAKER_00
I love entrepreneurship.
2
SPEAKER_00
I am a huge fan of entrepreneurs.
2
SPEAKER_00
I love supporting other entrepreneurs because I never had that support when I was getting started as an entrepreneur.
2
SPEAKER_00
So one of the ways I can provide the support is through money, through investing in some of these entrepreneurs.
2
SPEAKER_00
So I invest in these startups.
2
SPEAKER_00
 Fourth, cryptocurrency.
2
SPEAKER_00
If a big cryptocurrency crash happens, well, I already know what I want to own, I'll just come in and buy more.
2
SPEAKER_00
And with gold, I don't really actively buy gold, but that's the four ways that I actively invest my money.
2
SPEAKER_00
Sure.
2
SPEAKER_01
And where are the three biggest revenue streams coming from for you?
2
SPEAKER_00
 Well, obviously business, you know, and that's across the different businesses.
2
SPEAKER_00
And then the second one, I would say, is real estate.
2
SPEAKER_00
That gives me that passive cash flow.
2
SPEAKER_00
And those are my two real, when I talk about income cash in my pocket, it comes from my business and it comes from real estate.
2
SPEAKER_00
That's where my cash comes from.
2
SPEAKER_00
Nice.
2
SPEAKER_00
Yeah, it's pretty simple.
2
SPEAKER_01
 And what's the number one revenue generator in your business?
2
SPEAKER_01
Is it from YouTube, is it from the newsletter, is it from some other course or coaching?
2
SPEAKER_00
So the business is divided up.
2
SPEAKER_00
I have my personal brand, which is Minority Mindset, right?
2
SPEAKER_00
That's me on YouTube, that's my blog.
2
SPEAKER_00
And then I have market briefs and market insiders.
2
SPEAKER_00
 So number one would probably be my personal brand.
2
SPEAKER_00
And now, I don't think that's gonna last very long though.
2
SPEAKER_00
My personal brand is doing well because I built up this big following on YouTube, which was completely, it's funny, it's accidental.
2
SPEAKER_00
I never wanted to be a celebrity.
2
SPEAKER_00
I never wanted to be famous.
2
SPEAKER_00
I never wanted to be known.
2
SPEAKER_00
I started YouTube on accident.
2
SPEAKER_00
We talk about risks, making mistakes.
2
SPEAKER_00
 I've always been an entrepreneur, and I went through a lot of different business ideas, and one idea that I had, it was in the year of my grad school.
2
SPEAKER_00
I was taking a class on public speaking, and my friend, my roommate at the time, he was like, you gotta watch this show called Shark Tank.
2
SPEAKER_00
I was like, okay, whatever, I don't watch TV.
2
SPEAKER_00
He said, but watch this show called Shark Tank.
2
SPEAKER_00
 And it's all about people pitching business ideas.
2
SPEAKER_00
And this class that I was taking, we had a project where I was supposed to pitch a product to the class, kind of like Shark Tank.
2
SPEAKER_00
I was like, that's easy.
2
SPEAKER_00
I do this with my friends all day and night long.
2
SPEAKER_00
That can't be hard.
2
SPEAKER_00
So I kept putting it off, putting it off, putting it off.
2
SPEAKER_00
I'm a procrastinator, especially when it came to school, because my mind was always somewhere else.
2
SPEAKER_00
And so now, one day I was late to class, like normal.
2
SPEAKER_00
I pick up my backpack and I start running, because I was like, oh, I'm a couple minutes late.
2
SPEAKER_00
And it's raining this day.
2
SPEAKER_00
 And as I'm running to my class, I stepped in a pothole filled with water.
2
SPEAKER_00
Now my foot is soaked.
2
SPEAKER_00
I sit down.
2
SPEAKER_00
I'm like, oh, I'm wet.
2
SPEAKER_00
My socks are wet.
2
SPEAKER_00
I'm uncomfortable.
2
SPEAKER_00
And the teacher goes, just breathe.
2
SPEAKER_00
It's your day.
2
SPEAKER_00
 Your day for what?
2
SPEAKER_00
She's like, it's your day to present.
2
SPEAKER_00
And I was like, oh my God, I forgot.
2
SPEAKER_00
And so, you know, obviously I don't tell her this, but I go stand in front of the class and I'm like, just think of something, anything, anything, just think of something.
2
SPEAKER_00
And so the first thing that comes to my mind were my wet socks.
2
SPEAKER_00
So I go up in front of the class, no practice, no preparation.
2
SPEAKER_00
And I pitched this idea of water resistant socks.
2
SPEAKER_00
That way now you can be an athlete, you can walk around and not have to worry about stepping in puddles.
2
SPEAKER_00
 I sat down and I was like, nice job Jaspreet.
2
SPEAKER_00
But that's actually kind of a cool idea.
2
SPEAKER_00
So I go home and I start Googling, you know, water resistant socks.
2
SPEAKER_00
And they had these like really thick, uncomfortable looking things that people wore when they go fishing and stuff.
2
SPEAKER_00
But nothing made for like athletes, people to wear in their regular life.
2
SPEAKER_00
So I was like, oh, maybe I'm onto something.
2
SPEAKER_00
 So then I spent a lot of time trying to develop this technology, working with textile engineers, working with sock manufacturers, and I created a water-resistant sock.
2
SPEAKER_00
And now I go to launch this company, and I got approached by a marketing company, quote-unquote marketing company, and they said they're going to help me blow up my sales, they're going to help me do all this stuff, they're going to help me make all this money.
2
SPEAKER_00
 and I was really skeptical and then they said don't worry we have a 100% money back guarantee if you're not completely satisfied if we don't make our money back you can get all of your money back I said okay that sounds pretty good so I gave him money it was a few grand I think like $3,500 which is a lot of money and
2
SPEAKER_00
 The next day, after I gave them the money, I had a bad feeling in my stomach.
2
SPEAKER_00
I was like, you know, I'm a marketer.
2
SPEAKER_00
I like the way I can promote products.
2
SPEAKER_00
Just something didn't seem right.
2
SPEAKER_00
So I call up the guy and I say, hey man, I know that we haven't started yet.
2
SPEAKER_00
Look, I just want to have my money back.
2
SPEAKER_00
I want to end this on amicable terms before you guys spend any money.
2
SPEAKER_00
Let's just end it now.
2
SPEAKER_00
And he said, OK, no problem.
2
SPEAKER_00
Puts me on hold.
2
SPEAKER_00
And I was in the gym at the time.
2
SPEAKER_00
And I was really frustrated because I was between sets.
2
SPEAKER_00
And he puts me on hold for a long time.
2
SPEAKER_00
 And then all of a sudden the phone line goes be I was like, oh something's not right So then I call up the other number I have they don't pick up I start emailing them and I never hear from them again found out I got scammed.
2
SPEAKER_00
They were a fake company.
2
SPEAKER_00
Oh So now I was irritated.
2
SPEAKER_00
I launched the company.
2
SPEAKER_00
We had an amazing launch I think I don't remember exactly but in the first 30 days we did over if either 17,000 or $20,000 in sales right off of the gate.
2
SPEAKER_00
Mm-hmm and
2
SPEAKER_00
 And I was still, I had this like kind of chip on my shoulder.
2
SPEAKER_00
I was like, that's not cool.
2
SPEAKER_00
Like nobody supported me as an entrepreneur.
2
SPEAKER_00
Nobody wanted me to do this, especially when it came to the sock business.
2
SPEAKER_00
I mean, there were so many jokes thrown at me because they're like, oh, you left medicine to go sell socks.
2
SPEAKER_00
I was just so frustrated by it.
2
SPEAKER_00
And I was like, you know, people don't see what I see.
2
SPEAKER_00
They don't have my vision.
2
SPEAKER_00
 I want to do something to help other people like me.
2
SPEAKER_00
So I put out this course on Udemy, seven bucks, on how to launch a business without getting screwed over.
2
SPEAKER_00
I didn't really care about making money.
2
SPEAKER_00
I just wanted to help people because I was so angry.
2
SPEAKER_00
And people loved it.
2
SPEAKER_00
And they were like, dude, can you please start a social media page?
2
SPEAKER_00
Start an Instagram page.
2
SPEAKER_00
 and I did it under the alias Minority Mindset the whole idea being just thinking differently than the majority of people because that's what I thought I always did from the point where I started hosting parties instead of going to the parties to then buying real estate when everybody was out blowing their money they didn't have in college to now starting this company I was like y'all have this thing Minority Mindset so I called it that
2
SPEAKER_00
 And then I said, okay, I'll start an Instagram page, just posting the same stuff, like just here and there, like things that I wish I would have learned, known about starting a business and about investing in money that somebody, I wish someone would have taught me.
2
SPEAKER_00
And then everyone says, Jaspreet, I like this.
2
SPEAKER_00
Can you make long form content?
2
SPEAKER_00
Can you create a blog?
2
SPEAKER_00
And I was like,
2
SPEAKER_00
 Well, English is my second language.
2
SPEAKER_00
You're not going to like my writing.
2
SPEAKER_00
So no, I can't start a blog, but I don't mind talking.
2
SPEAKER_00
So I'll start a YouTube channel.
2
SPEAKER_00
So then I started this YouTube channel called Minority Mindset.
2
SPEAKER_00
And that slowly organically started to grow.
2
SPEAKER_00
And I never started it with the intention of making money.
2
SPEAKER_00
 And it's funny, I tell that to people now, and they're like, there's no way that's true.
2
SPEAKER_00
You have to have some idea of trying to make money.
2
SPEAKER_00
And I really didn't.
2
SPEAKER_00
I was recording the videos off my phone, so I had really no expenses.
2
SPEAKER_00
I think I spent like $30 on a tripod.
2
SPEAKER_00
That was it.
2
SPEAKER_00
I had no lights.
2
SPEAKER_00
I had no fancy equipment.
2
SPEAKER_00
And then I think we were close to 10,000 subscribers, and my buddy comes up to me.
2
SPEAKER_00
 He says, hey, how much money are you making from Minority Mindset?
2
SPEAKER_00
I'm like, I'm not making any money.
2
SPEAKER_00
He said, from your YouTube advertisements.
2
SPEAKER_00
I'm like, what are you talking about?
2
SPEAKER_00
He said, you know you can have advertisements on your YouTube channel?
2
SPEAKER_00
I said, I have no idea what you're talking about.
2
SPEAKER_00
So he goes onto my YouTube channel with me, goes into the back end, the settings, and he's like, dude.
2
SPEAKER_00
Just click one button.
2
SPEAKER_00
Turn your monetization on.
2
SPEAKER_00
I said, I don't even know that you could do that.
2
SPEAKER_00
This is before that there was even monetization requirements.
2
SPEAKER_00
Anybody could monetize any videos, no matter how many subscribers, how many videos you had.
2
SPEAKER_00
 So I was like, oh, I didn't know that I could do this.
2
SPEAKER_00
So, you know, I really started it just kind of with that goal of I want to put out that information that I wish somebody would have told me kind of just like that, that helping hand that, hey, it's OK.
2
SPEAKER_00
You're not the only one that thinks like this.
2
SPEAKER_00
It's OK to think a little bit differently.
2
SPEAKER_00
It's OK to try something different.
2
SPEAKER_00
 So that was my whole goal, and then it started to grow, and then it became this bigger thing, and around a half a million or 600,000 subscribers, I was like, wait, I can actually turn this into a business.
2
SPEAKER_00
I went through with this, I'm an entrepreneur.
2
SPEAKER_00
I was like, okay, Minority Mindset, I'm gonna turn it into a business.
2
SPEAKER_00
So I started these other products under Minority Mindset.
2
SPEAKER_00
I started this newsletter under Minority Mindset.
2
SPEAKER_00
I started these other educational things.
2
SPEAKER_00
 It started to get really confusing to me because I was like, what is minority mindset?
2
SPEAKER_00
I'd be walking down the street and people will come up to me and say, dude, your minority mindset, man, you really helped me out.
2
SPEAKER_00
You saved my life.
2
SPEAKER_00
You helped me get out of debt.
2
SPEAKER_00
And it made me feel really good.
2
SPEAKER_00
Like I could not believe people knew who I was.
2
SPEAKER_00
I remember one time I was with my dad.
2
SPEAKER_00
We were in Arizona and we were getting acai bowls, which are absolutely delicious.
2
SPEAKER_00
 And we're in line, and this guy sees me walk into the store.
2
SPEAKER_00
He was riding his bicycle.
2
SPEAKER_00
And he races across the street to come inside of me, and he goes, Jaspreet, minority master, is that you?
2
SPEAKER_00
And I was like, yeah, and my dad's right there.
2
SPEAKER_00
And he just puts his arms around me, hugs me, and he's like, dude, you changed my life.
2
SPEAKER_00
You helped me out so much.
2
SPEAKER_00
You got me out of this position.
2
SPEAKER_00
And I was like,
2
SPEAKER_00
 oh my God, no way.
2
SPEAKER_00
And my dad looks at me, he's like, people watch you.
2
SPEAKER_01
You know what I mean?
2
SPEAKER_01
You're not a doctor, that's okay.
2
SPEAKER_00
Yeah, and so it was like, that was like that realization that oh my God, people are actually paying attention.
2
SPEAKER_00
You don't, obviously you know, you see the comments, you see the subscribers.
2
SPEAKER_01
Until you meet people in person, you really don't know.
2
SPEAKER_00
Exactly, and that like.
2
SPEAKER_00
It's a crazy feeling.
2
SPEAKER_00
And you know, that time, especially just cause you know, I saw my dad light up and he was like, I can't, he was shocked.
2
SPEAKER_00
And,
2
SPEAKER_00
 That's when I was, you know, I can actually do something with it.
2
SPEAKER_00
So I was creating these products under it, but I was getting confused because what is minority mindset?
2
SPEAKER_00
Is it a company or is it me?
2
SPEAKER_00
And as the entrepreneur, I was like, I'm going to build a company.
2
SPEAKER_00
I'm going to turn this into something.
2
SPEAKER_00
 Everybody assumed I'm a minority mindset, which made it very hard to build a company out of it.
2
SPEAKER_00
And so this was 2021 in December.
2
SPEAKER_00
I decided to go on a thinking trip, and I'd never done this before.
2
SPEAKER_00
And I really recommend this to anybody who can do this.
2
SPEAKER_00
I went to Boca Raton, Florida.
2
SPEAKER_00
And I was there for about a week.
2
SPEAKER_00
And I separated myself from technology, people, everything.
2
SPEAKER_00
And I lived in this really tiny little apartment.
2
SPEAKER_00
And all I had was a bicycle and my notebook.
2
SPEAKER_01
 I've done this before, it's a game changer.
2
SPEAKER_00
Oh my God, and so what I would do is I'd ride my bike to the beach in the mornings, I sat there for a couple hours with my notepad, and I just started writing down my thoughts.
2
SPEAKER_00
And from everything, not just business, you know, my mental health, spiritually, what do I want out of life, what's important to me, what's happiness, just starting writing things down.
2
SPEAKER_00
And you know, I would get to the business, financial stuff, and I'd start asking minority mindset, question mark.
2
SPEAKER_00
 What is it?
2
SPEAKER_00
Who is it?
2
SPEAKER_00
And that week I realized I am minority mindset.
2
SPEAKER_00
That's what everybody identifies me as.
2
SPEAKER_00
And it makes sense because that is who I've always been.
2
SPEAKER_00
But these companies, they're getting intertwined into something that's, they're being overshadowed.
2
SPEAKER_00
I can't give them the attention that they want.
2
SPEAKER_00
So after that, I came back to the office.
2
SPEAKER_00
This is the complete end of 2021.
2
SPEAKER_00
I tell the team, as soon as we come back in 2022, we're gonna change some things around.
2
SPEAKER_00
 So the first week of 2022, we have an all hands meeting.
2
SPEAKER_00
I was like, here's what we're going to do.
2
SPEAKER_00
We're changing everything.
2
SPEAKER_00
We're going to take our newsletter, turn it into market briefs.
2
SPEAKER_00
We're going to launch this app, Market Insiders.
2
SPEAKER_00
We're going to do all this stuff.
2
SPEAKER_00
And everyone's like.
2
SPEAKER_00
 Where did this come from, right?
2
SPEAKER_00
And so we implemented all that.
2
SPEAKER_00
And then this is now early 2022.
2
SPEAKER_00
It took some time to implement.
2
SPEAKER_00
Market Briefs now becomes its own company, its own newsletter where we're providing financial news that's accessible.
2
SPEAKER_00
I talk about accessibility of financial education.
2
SPEAKER_00
For me, that is the biggest thing because I never understood those big terms.
2
SPEAKER_00
Well, what does the 10-year yield going up 40 basis points means?
2
SPEAKER_00
 It doesn't make any sense to somebody who's getting started.
2
SPEAKER_00
So I want to make things accessible.
2
SPEAKER_00
So that's what we do.
2
SPEAKER_00
We break it down in a fun, witty email that you're actually going to want to read.
2
SPEAKER_00
You're going to look forward to reading this email.
2
SPEAKER_00
And it's completely free.
2
SPEAKER_00
And so we're going to create this into our own company.
2
SPEAKER_00
And we went through a lot of, I mean, it was a painful transition because we had issues with the email service providers.
2
SPEAKER_00
We had a company saying that, yeah, it'll work.
2
SPEAKER_00
We spent months transitioning over.
2
SPEAKER_00
 The first week that we're working with this company, they say, oh, sorry, you're promoting financial content.
2
SPEAKER_00
We don't allow financial education.
2
SPEAKER_00
We don't allow stock market.
2
SPEAKER_00
We don't lock cryptocurrency.
2
SPEAKER_00
We don't allow anything related to finance on our platform.
2
SPEAKER_00
I'm like, dude, you've been working with us for two months.
2
SPEAKER_00
I've talked to five people on your team.
2
SPEAKER_00
They know exactly what we're doing.
2
SPEAKER_00
And now you're telling us this.
2
SPEAKER_00
 So we had to start the whole process over.
2
SPEAKER_00
So it was a big, you know, it was a part of an entrepreneur.
2
SPEAKER_00
You punch them out.
2
SPEAKER_00
Big mess.
2
SPEAKER_00
We go somewhere else.
2
SPEAKER_00
And now, like, it was April of 2022 where things finally went, all right, we got it situated.
2
SPEAKER_00
Now we're going all in.
2
SPEAKER_00
So, you know, you'd ask, where is most of the revenue coming from?
2
SPEAKER_00
It was YouTube, and it is, but I won't be long because, you know, I talk about how YouTube funded my business.
2
SPEAKER_00
I take the revenue from YouTube.
2
SPEAKER_00
 I'm investing all of it back into my companies because I want to turn market beliefs into something big, man.
2
SPEAKER_00
Because it is needed.
2
SPEAKER_00
It is so important.
2
SPEAKER_00
Because if you're an investor, you need to know what's happening.
2
SPEAKER_00
And you want to be aware of what's happening.
2
SPEAKER_00
You don't got time to go through Yahoo Finance, Wall Street Journal, Forbes, CNBC, all these different companies.
2
SPEAKER_00
And then you have to parse through all these headlines, see what's important.
2
SPEAKER_00
Then you have to dissect what's actually happening.
2
SPEAKER_00
We break it down in five minutes or less.
2
SPEAKER_00
We have really smart people working on this.
2
SPEAKER_00
And then also just making it aware
2
SPEAKER_00
 to people who were never given this financial education.
2
SPEAKER_00
It's beautiful, man.
2
SPEAKER_00
It's important to me.
2
SPEAKER_01
In terms of the financial education side, what do you think is the difference between an abundance mindset and a poor mindset?
2
SPEAKER_00
I'll give you an example.
2
SPEAKER_00
I bought my first real estate property when I was 19.
2
SPEAKER_00
 Right after that, I was like, I wanna be able to look at my own deals.
2
SPEAKER_00
You have to use a real estate agent to go look at properties.
2
SPEAKER_00
So when I was, right after that, I was 20 years old, I went out, I got my real estate salesperson's license.
2
SPEAKER_00
Nice.
2
SPEAKER_00
From college.
2
SPEAKER_00
So now I start helping people buy and sell homes.
2
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And I had this one couple that I worked with, they were looking for between a $400,000 and $500,000 home.
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 And so I helped them for months go from property to property to property.
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They were very picky.
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So I spent months just going through this.
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We finally found them a property.
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It was somewhere between $400,000 and $500,000.
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Within their budget, it had everything they wanted.
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It was facing the right direction.
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It had the right color door.
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The rooms were the right sizes.
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 It was perfect.
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So now they're like, oh, Jaspreet, you did it.
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You found a property.
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Let's enter into a contract.
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And I said, OK.
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And I remember this because they sat me down in one of the bedrooms and said, we want to talk.
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So we want to put an offer on this property.
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We're ready to go forward.
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But there's only one condition.
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We want you to put half of a commission in the deal.
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 I said, why?
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They said, well, you're 20 years old.
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And typically you get 3% on the buyer side.
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So if it's a $500,000 property, that's $15,000 in commission, between $12,000 and $15,000.
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And so they were like, we don't think that $12,000 to $15,000 is worth it for just signing the papers to help us buy this home.
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Plus, you're only in college.
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 And I was like, okay.
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And I'm a hard head, right?
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Especially 20 years old.
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I was like, uh-huh, okay.
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So they're like, yeah, we think if we just put six grand into the deal, we'll move forward with the property and ready to buy it.
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And I was like, nope, I'm not doing it.
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You can do it with somebody else.
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And I walked away.
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And a month later, they were not able to get the home because they weren't able to do the paperwork fast enough.
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They called me back up.
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The wife calls me and she says, Jaspreet, we weren't able to make it work, but we found another property.
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Would you be willing to show it to us?
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 No.
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SPEAKER_00
So that was what a limiting mindset is.
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The first thing is you're looking at what somebody else is making.
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Instead of looking at what you could get, you're counting someone else's money instead of seeing what you can do yourself.
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So you're jumping over dollars to pick up pennies.
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And that's the first idea is you're so worried about what's going on around you, but instead you should be focusing on you.
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 What value do you get?
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SPEAKER_00
The second part of that is a growth mindset.
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So, you know, I talk about living below your means, which is important, especially when you're in the early phases of trying to build your wealth, right?
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You need to be saving your money, investing your money.
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SPEAKER_00
You too, you know, we were kind of extreme, right?
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Where it's like every penny we have is going to be invested, it's going to be put back into us because this is our time to grind.
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Yeah.
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 But you don't have to be super extreme, but let's just say you're putting aside 25% of your income.
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So if you're making $40,000 a year, that's $10,000 put towards your savings and your investments.
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Now, what happens to most people is you say, OK, I realize this whole financial education thing.
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I'm learning about this investing thing.
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I want to get more aggressive.
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I want to do more of this.
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SPEAKER_00
 How can I do more?
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SPEAKER_00
Well, that's when you're trying to now squeeze more pennies out of your pie.
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You try to go from saving and investing 25% to 30% and 35%, but there's a limited pie, right?
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So what you should be doing is thinking, okay, I'm making 40 grand, saving and putting aside 25%, fine, maybe I can do more if you're into that, like, I'm gonna do whatever takes the extreme, which is fine.
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SPEAKER_00
 But the bigger thing is, how do I go from $40,000 to $400,000 and keep doing what I'm doing now?
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Because now if you get from $40,000 to $400,000 and you save and invest 25%, that's $100,000.
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A lot more than the $10,000 you had before.
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You're still only living off of 75%.
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You have that same percentage.
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 But it's so much bigger.
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It's that growth mind that it's thinking bigger and now everyone's gonna say here They're saying how am I supposed to go from 40 to 400?
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SPEAKER_00
Well, the first step is understanding.
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It's possible Then you start learning and you start doing you start making mistakes and then you learn from mistakes and you fix them but until you break through that mindset and you realize that it is possible I can
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 Do this, no matter where I come from, what I look like, what my background is, it's possible, but I need the right education.
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YouTube has made it so much more accessible.
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Read books, start learning, and then you start taking steps.
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It's not gonna happen overnight, but you'll start taking steps towards that.
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And so it's about building that growth mindset of understanding that there's something that you can do.
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 I love this, man.
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SPEAKER_01
So much good information here.
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SPEAKER_01
Lots of more questions I could ask about these things, but you've also got so many great topics that you cover over on YouTube, Minority Mindset, over on YouTube and theminoritymindset.com.
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SPEAKER_01
Also, marketbriefs.com is the newsletter for people who want to sign up and learn more about these things.
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SPEAKER_01
 making complex ideas interesting and accessible, which is something we all want.
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SPEAKER_01
I've got a couple final questions for you.
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This one is something I ask everyone at the end, it's called the three truths.
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So imagine a hypothetical scenario, it's your last day on earth.
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You've actually made your parents proud, even though you weren't a doctor, but you've been doing the thing that you love doing for the rest of your life, but eventually it's the last day for you, many years away.
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SPEAKER_01
 And you've got to take all of your information with you, all of your content, your newsletter, your YouTube, anything you create, it's got to go with you.
2
SPEAKER_01
So no one has access to your information anymore, your written words, your video, your audio message.
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But you have three lessons you could share with the world, and this is all we would have to remember you by.
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Three truths.
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What would you say would be those for you?
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SPEAKER_00
Yeah, first, I want to get to that.
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SPEAKER_00
My parents are very happy now.
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SPEAKER_00
My mom actually works with me now, too.
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SPEAKER_00
That's great, yeah.
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SPEAKER_00
But getting on to that.
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SPEAKER_00
Now they can brag about you, right?
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SPEAKER_00
Yeah, exactly.
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 The first thing is think bigger.
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And the reason why I say that is because a lot of times we hear that, think big.
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 But when you're thinking big, you're probably 99% of the time not thinking big enough.
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You can think bigger.
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Cross it off, think even bigger.
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SPEAKER_00
When I started YouTube, I never thought that we would hit 10,000 subscribers, let alone 100,000 subscribers, let alone a million subscribers.
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SPEAKER_00
I used to joke around with my friends that if we hit 100,000 subscribers, I made it.
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SPEAKER_00
If I hit a million subscribers, I'm gonna shut the channel down.
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SPEAKER_00
Because it's not possible that a million people are gonna watch this weirdo on YouTube talking about guacamole, talking about financial education.
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SPEAKER_00
There's not a million people that wanna do that.
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SPEAKER_00
 I'm a big thinker, I'm an entrepreneur, I've always thought big, yet here I am with these limiting beliefs of myself and I think I'm this person who thinks crazy, who thinks big.
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SPEAKER_00
So if you're thinking big, you're not thinking big enough because that's going to be your own limiting beliefs.
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Second, learn the rules to the game.
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 The reason why so many people suck with money is because they don't understand the rules of the game.
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And this is why a lot of people get so angry.
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They get so angry about what other people achieve, they get so angry about everything else going on.
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But what you need to do, the best thing to do is learn the system.
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 I talk about how rich people don't pay taxes and how you can work to own the corporate ladder and it makes people angry, but the reality is this is the opportunity for you to figure out how can you do it yourself.
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This is what the system is.
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You can hate it, you can cry, you can scream, you can complain.
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That's what I used to do.
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I thought it was horrible.
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SPEAKER_00
Money was a taboo topic when I was growing up and I was like, it's unfair that people are doing this.
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SPEAKER_00
 And then I realized, what if I learned the rules?
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And you can apply it to yourself.
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SPEAKER_00
And third, be willing to make mistakes.
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Try.
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Anything is possible, but you have to be willing to try and make mistakes and keep getting better each and every day.
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I love that, man.
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It's a grind, but anything is possible, man.
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SPEAKER_01
 Justin, I wanna acknowledge you for a moment, man, for taking this mission on.
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I think a lot of people are scared to think about money, to talk about money, and to save and invest.
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SPEAKER_01
I think people are just scared of money in general.
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SPEAKER_01
And the fact that you're diving into this and making this a part of your mission to educate, to entertain, to inspire, to inform people through many different formats, again, from YouTube to social media to your newsletter,
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SPEAKER_01
 and everything else you'll be creating in the future.
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I think it's really inspiring to see someone, again, from your background, who may be someone who people wouldn't think would be talking about these things.
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SPEAKER_01
And you're diving in and you're making it accessible with your unique perspective and personality.
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SPEAKER_01
So I wanna acknowledge you for making the minority mindset really something that people can grasp and understand and start applying small steps and hopefully making it bigger over time.
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SPEAKER_00
 And the thing is, money is a taboo topic, not just in my culture, but a lot of cultures.
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SPEAKER_00
And the reason why it becomes so taboo is because we're insecure about our own money.
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SPEAKER_00
And so we create these smoke screens.
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Don't talk about it, don't worry about it.
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But at the end of the day, we're all working for a paycheck.
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SPEAKER_00
And if you don't think that's true, tell your boss not to pay you, right?
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SPEAKER_00
But the thing that you have to understand is how money plays a part in our lives.
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Because I'm not saying money is the most important thing or the only thing.
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It's one factor of our lives.
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 You have to be physically healthy, mentally healthy, spiritually healthy, and when you have these three things, that's when being financially healthy, being financially fit can have the biggest impact.
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SPEAKER_00
I call it my Quadrafit Triangle, and it kind of goes in that order.
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SPEAKER_00
Because if you are physically, if you're on your deathbed, you're morbidly obese, it doesn't matter if you have $10 million in the bank, the only thing you care about is being healthy.
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SPEAKER_00
If you are mentally depressed, you're anxious, you're struggling with these mental issues, dude, more money is gonna make you more miserable.
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SPEAKER_00
 You got to do whatever it takes.
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SPEAKER_00
Go into rehab.
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SPEAKER_00
Go get a therapist.
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Go do whatever it takes at whatever cost because more money is not going to fix that.
2
SPEAKER_00
And people try to think that I'm struggling with these mental health issues.
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SPEAKER_00
If I go make a million dollars, I'll be happy.
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SPEAKER_00
People will like me.
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SPEAKER_00
 It's a big lie, you're gonna be more miserable.
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SPEAKER_00
Then you have to be spiritually healthy.
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SPEAKER_00
Spiritual health does not mean you have to be religious.
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SPEAKER_00
For me, it's what is your purpose?
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SPEAKER_00
Why are you getting up every single day?
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What's the reason of getting out of the bed?
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SPEAKER_00
And that's gonna keep driving you to live a fulfilling life, whether it's for 10 grand or a million or 10 million, it doesn't matter.
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SPEAKER_00
Once you have those three things, that's when being financially healthy has the biggest impact and the biggest power.
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SPEAKER_00
Because now,
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 You can live a fulfilled and a happy life.
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SPEAKER_00
And the money is just the icing, man.
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SPEAKER_00
It's just icing on the cake.
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SPEAKER_00
The cake is everything else.
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SPEAKER_00
You can't take good icing, put it on a crappy cake and expect the cake to taste good.
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SPEAKER_00
You got to build a good cake first and then the icing just makes it that much better.
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SPEAKER_01
That's a good principles, good foundation.
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SPEAKER_01
I love that.
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SPEAKER_00
It's all about food.
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SPEAKER_00
I love food.
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SPEAKER_01
Okay, final question for you.
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SPEAKER_01
What's your definition of greatness?
2
SPEAKER_00
 Always striving for better.
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SPEAKER_00
Always wanting to be a little bit better every single day.
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SPEAKER_01
Just breathe.
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SPEAKER_01
Thanks, man.
2
SPEAKER_00
Appreciate it.
2
SPEAKER_01
Good stuff, man.
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SPEAKER_01
Thank you so much for listening.
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SPEAKER_01
I hope you enjoyed today's episode and it inspired you on your journey towards greatness.
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SPEAKER_01
Make sure to check out the show notes in the description for a full rundown of today's show with all the important links.
2
SPEAKER_01
And also make sure to share this with a friend and subscribe over on Apple Podcasts as well.
2
SPEAKER_01
 I really love hearing feedback from you guys, so share a review over on Apple and let me know what part of this episode resonated with you the most.
2
SPEAKER_01
And if no one's told you lately, I want to remind you that you are loved, you are worthy, and you matter.
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SPEAKER_01
And now it's time to go out there and do something great.