Jaspreet Singh: How to Get Rich Slowly with a “Minority Mindset”

Episode #516

Want to know how to get rich but fear it could be too late? Perhaps you’ve got responsibilities, bills to pay, and a family to feed. How can you possibly get ahead? Jaspreet Singh’s message is clear: you can still build wealth, but you’re going to have to be intentional with your money, just like every other rich person. There are no shortcuts!

Today, Jaspreet is a serial entrepreneur, real estate investor, licensed attorney, and host of “The Minority Mindset Show.” But growing up, his parents wanted him to become a doctor. Despite the immense pressure to fulfill their wishes, Jaspreet found himself gravitating toward entrepreneurship. He started several businesses throughout adolescence and young adulthood—from playing drums at weddings and planning college parties to building ecommerce stores. He lost a TON of money along the way, but taking these risks early on paid off. Eventually, he discovered his true passion, financial education, and built an enormous online business by teaching others how to master personal finance.

America’s capitalist financial system benefits those who are willing to “play the game.” In this episode, Jaspreet shares how fostering a “minority mindset” unlocks the ability to use this country’s tax code, banks, debt, and other systems to your advantage. The catch? It’s a hard, long road. Jaspreet recommends drastic lifestyle changes, such as ruthless frugality, a “decade of sacrifice,” and the 75/15/10 rule. Make no mistake—it’s not going to be easy. But years from now, you’ll be thankful you stuck to this tried-and-true wealth-building philosophy!

Show Notes at:
https://link.chtbl.com/Money
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Books Mentioned in This Episode:
“Rich Dad Poor Dad”: https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none
“The Total Money Makeover”: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277
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How to Get Rich Slowly and Retire Early Than Most with a Modest Portfolio:
https://www.biggerpockets.com/blog/money-436?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Become a “Quiet” Millionaire and Avoid the Financial Guru Trap:
https://www.biggerpockets.com/blog/money-479?utm_source=youtube&utm_medium=description&utm_campaign=none
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Subscribe to the Market Briefs Newsletter:
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Connect with Jaspreet:
Instagram: @minoritymindset or https://www.instagram.com/minoritymindset/
LinkedIn: https://www.linkedin.com/company/minoritymindset/
YouTube: https://www.youtube.com/@MinorityMindset
X/Twitter: @MinorityM1ndset or https://twitter.com/minoritym1ndset
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

01:21 The Birth of “Minority Mindset”

02:41 Jaspreet’s Money Journey

08:00 Personal Finance 101

12:03 The Three Stages of Wealth

18:42 Why Do People Stay Broke?

24:07 The “Decade of Sacrifice”

33:19 Connect with Jaspreet!

34:05 Go All-In for Financial Freedom!