What The Heck Is Money?! Money 101

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . What is money and how does it actually work? I'll take you through it in this video. Subscribe & hit the notification bell for more videos and read our FREE investing eBook (link in this description) :) Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: http://theminoritymindset.com/get-richer-sleeping-ebook/ Check out some of our recommended sponsor products! Please note, the links below are from our sponsors. If you use any of the below products, we will get compensated but there's not additional cost to you. ---------- ➤ Fundrise 1) 🏠 Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ CIT Bank 2) 🏦 CIT Bank - Get a better interest rate on your savings account with no fees: http://bit.ly/CITsavings ---------- ➤ Webull 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Credit Cards 4) 💰 Credit cards are great if you know how to use them the right way. Here's a breakdown of our favorite cards: Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/ Best travel credit cards: https://theminoritymindset.com/travel-credit-card/ Best business credit cards: https://theminoritymindset.com/business-credit-card/ ---------- ➤Credible 5) 💸 Credible - save money on your student loans by refinancing with the lowest interest rates: http://bit.ly/m2StudentLoanRefi ---------- ➤ Policygenius 6) 🛡 Policygenius - make sure your family is protected with life insurance. Policygenius will find you the best deal: http://bit.ly/PolicyGenius What The Heck Is MONEY?! How Money Works | Money 101 0:24 - Start with the barter system 0:49 - United States implemented the gold standard 1:24 - Gold certificates as the first form of paper money 1:41 - Stock Market Crash of 1913 2:00 - How banks works 2:15 - United States Government created the Federal Reserve Bank (aka the Fed) in 1913 2:34 - The Federal Reserve Bank (the Fed) requires you to use money so they can print money 3:19 - The Fed printed too much money 4:03 - Richard Nixon made the biggest changes to the US monetary policy in 1971 4:24 - Our dollars were taken off the gold standard by Richard Nixon 4:36 - Money backed by nothing - why $1 can afford a pack of gum 5:03 - No tangible thing backing money 5:14 - Something to think about for United States debt 5:51 - Why it's so important to understand how to invest your money What Is The Minority Mindset? The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset. Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000. Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #FinancialLiteracy Snapchat @M2JaspreetSingh Personal Instagram: @M2JaspreetSingh Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset http://www.TheMinorityMindset.com This Video: https://youtu.be/IXUYDNtYH8s Channel: https://www.youtube.com/MinorityMindset Based in Detroit. #Punjab Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube - do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.