The Minority Mindset Show

My Thoughts On Dave Ramsey's 7 Baby Steps In 2024 (DOES IT WORK?)

“Ramsey says avoid all debt. Kiyosaki says use debt to get rich. Who’s right?”
In this episode, Jaspreet shares his personal experience testing out Dave Ramsey’s 7 Baby Steps—what worked, what didn’t, and how to adapt them for your own goals in 2024.
The key difference between Ramsey and Kiyosaki’s approach to building wealth
Why a $1,000 emergency fund might not cut it anymore
Which debts you should actually pay off first—and why
What Jaspreet did instead of opening a 401(k)
Alternatives to college funds that build wealth and flexibility for your kids
When it makes sense to pay off your mortgage early—and when it doesn’t
How to follow the baby steps without living a boring financial life
Whether you want peace of mind or aggressive wealth-building, this breakdown will help you personalize the path—and avoid blindly following advice that doesn’t fit your vision.
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
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The 7 Biggest Money Traps to Avoid That Are Killing Your Wealth - Don't Do This

"A good financial decision moves you forward—but a bad one can set you back even more."
In this episode, you’ll learn how to spot and avoid seven of the biggest money traps that quietly sabotage your financial future—so you can build wealth without unnecessary setbacks.
What lifestyle inflation really looks like—and how to break the cycle
Why waiting for the “perfect” time to invest is keeping you broke
The triple cost of financing a car versus buying one with cash
How to “act your wage” without living in scarcity
When saving cash is actually smart—and how much to keep
How to avoid the loyalty tax most people pay without realizing it
Why looking rich before building real wealth is a losing game
Avoiding these traps isn’t about deprivation—it’s about clarity, discipline, and knowing how to play the long game.
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
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How Come No One Talks About These 7 Wealth Killers

"Most people don’t get rich because they don’t realize what’s keeping them broke."
In this episode, Jaspreet uncovers seven hidden wealth killers that hold people back from financial freedom—often without them even realizing it.
Why an 800 credit score won’t make you wealthy
The real cost of car payments and why financing a car keeps you broke
How buying a home can hurt your finances if you’re not ready
The hidden cost of time—how TV and distractions kill financial growth
Why buying luxury before assets is a mistake
How small daily expenses quietly drain your ability to build wealth
The dangers of get-rich-quick schemes and financial misinformation
Recognizing these traps can help you shift your mindset, protect your money, and start building true wealth.
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
----------

The Rich Think Differently About Money - And How You Can Too

"The wealthy don’t just work for money—they make money work for them."
This episode explores five key ways rich people think differently about money and how those shifts can change financial outcomes.
The importance of growing wealth rather than just earning more
How to structure finances to protect and keep more of what’s earned
The distinction between assets and liabilities—and why it matters
Why limiting beliefs around income potential hold people back
How calculated risks play a role in long-term financial success
Understanding these principles can lead to more control over money and greater financial stability.
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
----------

Ray Dalio’s Warning for America - The Long-Term Debt Cycle

"Recessions come and go, but once in a lifetime, the financial system resets. Ray Dalio says we’re on the brink—are you ready?"
Billionaire investor Ray Dalio warns that the U.S. is at the end of a long-term debt cycle, a rare economic reset that happens every 50–100 years. In this episode, we break down:
The Short-Term vs. Long-Term Debt Cycle – Why recessions are frequent, but true economic resets are generational.
Where We Are Now – Why debt levels, government intervention, and rising taxes signal a major shift.
What Happens When the Bubble Pops – How past superpowers fell—and what America can learn.
How to Prepare – Smart investing, cash flow tactics, and assets that thrive in uncertainty.
Is this a crisis or opportunity? Understanding Dalio’s insights could help you protect and grow your wealth.
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
----------

How to Live Off Rental Income: The Real Estate Wealth Formula

"Want to make $100K a year without working? Real estate can make that happen—but only if you do it right."
Most people dream of financial freedom, but few actually create a plan to make it happen. In this episode, Jaspreet breaks down exactly how to build a rental property portfolio that generates enough cash flow to replace your income, allowing you to live off rental income forever.
What You’ll Learn:
The Real Estate Wealth Formula: How much you need to invest to generate $100K+ per year
The 3-Step Real Estate Investing Process:
Location: How to find the best cities and neighborhoods
Property Selection: Turnkey vs. value-add properties (and which one makes the most money)
Numbers Breakdown: How to analyze deals and avoid bad investments
The Cash-on-Cash Rule: How to generate at least a 7% annual return on your investment
How to manage your rentals without headaches (so you don’t become a landlord nightmare)
Tenant-friendly vs. landlord-friendly states (and why this matters for your profits)
The power of leverage: How to build your portfolio in phases without needing millions upfront
Why most investors fail (and how to avoid their biggest mistakes)
If you’ve ever thought about using real estate to build passive income, long-term wealth, and true financial freedom, this episode will show you exactly how to get started.
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
----------

How To Go From $0 to $100,000

"Making money isn’t magic—it’s math. Break it down, build the system, and the results will follow."
If you’re starting from scratch and want to hit $100K in the next 12 months, you need a plan—whether it’s earning it, investing it, or saving it. In this episode, Jaspreet breaks down the step-by-step strategies to build your first six figures and avoid the common money traps that keep most people stuck.
Here’s what you’ll learn:
The three different $100K goals: earning, investing, or saving
How to earn $100,000 in one year, broken down into daily sales
Five high-income business ideas you can start with no experience
How to turn a one-time sale into monthly recurring income
The simple two-step process for reaching a $100,000 net worth
Why stocks and real estate remain the best wealth-building assets
The power of passive investing and how to use the CPA method
Saving your way to $100,000: Budgeting, cutting expenses, and negotiating bills
Whether you're looking to build a business, start investing, or simply stop living paycheck to paycheck, this episode gives you the roadmap to hit $100K and beyond.
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
----------

The 75/15/10 Rule: The Easiest Way to Budget Your Money

"The secret to building wealth isn’t how much you make—it’s how much you keep and invest."
Most people make money and spend it—then wonder why they’re broke. Wealthy people do the opposite: they pay themselves first by saving and investing before spending a dime. In this episode, Jaspreet breaks down his 75/15/10 Rule—the easiest way to manage your money so you always have cash for today and investments for tomorrow.
Here’s what you’ll learn:
Why most people stay broke (and how to stop making the same mistake)
The 75/15/10 Rule: A simple, foolproof budgeting system
How to automate your finances using three bank accounts
The real purpose of savings (hint: it’s NOT to build wealth)
Why investing is the only way to truly get rich
How to shift from saving money to building wealth
The tax advantages of investing vs. earning a paycheck
Passive vs. active investing—which one is right for you?
If you’ve ever struggled to save or felt like you’re not making progress financially, this episode gives you a simple system to follow—no complicated spreadsheets, no gimmicks, just real wealth-building habits.
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 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
----------

PAYDAY HACK: Do This With Your Next Paycheck to Build Wealth (Step-By-Step)

"If the government can take their cut before you see your paycheck, why not pay yourself first too?"
Most people get paid, spend, and then wonder why they’re broke at the end of the month. Wealthy people do the opposite—they invest first, save second, and only spend what’s left. In this episode, Jaspreet walks you through a foolproof system to manage your paycheck so you can start building wealth immediately.
Here’s what you’ll learn:
The 75/15/10 rule for dividing your income
Why you should have three separate bank accounts
How to “tax yourself” to build wealth before spending
The real difference between saving money and investing it
Why increasing your income alone won’t make you rich
The mindset shift needed to escape the paycheck-to-paycheck trap
How to invest passively using the CPA method (Consistent, Passive, Automatic)
If you’ve ever felt like your money disappears before you can put it to work, this episode will help you take control of your finances and start making real progress toward financial freedom.
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 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
----------

7 Tax Loopholes Only Rich People Understand

"The tax code is a rulebook—those who understand the rules pay less."
Most people don’t realize that the IRS tax code is built to benefit business owners and investors, not employees. If you don’t know how to navigate the system, you’re likely paying more than you need to. In this episode, Jaspreet breaks down seven key tax loopholes that the wealthy use to keep more of their money legally.
Here’s what you’ll learn:
How Section 179 allows business owners to write off big purchases (like a G-Wagon)
The power of real estate depreciation and how it reduces taxable income
Why the real estate professional designation can be a game-changer
How the 1031 exchange lets investors defer taxes indefinitely
The key to maximizing business tax write-offs with “ordinary and necessary” expenses
How S-corp payroll strategies can cut self-employment taxes
A bonus strategy to legally protect your assets from lawsuits
If you want to stop overpaying on taxes and start using the system to your advantage, this episode is for you.
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
----------