Exposing Financial Illiteracy | What Do You Know About Money? Minority Mindset - Jaspreet Singh

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . There is a big divide between the rich and the poor, so I went on a mission to see what people know about money. If you enjoyed it, share it! Subscribe to our channel: https://www.youtube.com/channel/UCT3EznhW_CNFcfOlyDNTLLw?sub_confirmation=1 Investing 101 FREE ebook: http://theminoritymindset.com/get-richer-sleeping-ebook/ QUESTION: What's worth more: a dollar today or a dollar tomorrow? Answer: A Dollar Today Explanation: https://www.youtube.com/watch?v=43WmqbHsVIY QUESTION: What's Inflation? Answer: When the cost of goods go up and the value of money goes down. Explanation: https://www.youtube.com/watch?v=atsHJQbi1As QUESTION A pack of gum costs $1 today & inflation is 3% a year. How much will the pack of gum cost a year from today? Answer: $1.03 Explanation: https://www.youtube.com/watch?v=RxLpYtUt6sc Retirement Questions Answer: Millenials expected to need $1.8 million to retire Explanation: https://www.youtube.com/watch?v=EvCXrJz9WrE Lottery Question Explanations: https://www.youtube.com/watch?v=HRRrBrF7jRA QUESTION: Where should you keep your money so your money doesn't lose value? Answer: Wherever your money can grow faster than inflation (~3%) Explanation: https://www.youtube.com/watch?v=xRwuEbaEsPg The Minority Mindset has nothing to do with the way you look, your ethnicity, or your background. It's a mindset. Give the majority $200 and they will come back with a pair of Jordan's, but if you give the minority $200 they will come back with $2000. #ThinkMinority #MIH #FinancialLiteracy 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 Exposing Financial Illiteracy | Minority Mindset - Jaspreet Singh What do people know about money? Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset http://www.TheMinorityMindset.com This Video: https://youtu.be/GdRMGePCwbk Channel: https://www.youtube.com/c/MinorityMindset Based in Detroit. 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.