ilmscore | Prediction Details
"I screwed up in so many business ideas I've been scammed I've been sued I've been screwed over but these are the things that got me to where I am today I mean the reason why I started minority mindset was because I got scammed and screwed over in another business that I was starting so I started making videos teaching people how to start a business without getting screwed over now this doesn't mean that you shouldn't invest in any of your traditional Investments this doesn't mean that you shouldn't be investing in ETFs this doesn't mean that you shouldn't be investing in real estate this doesn't mean that you shouldn't be doing any of that these are good long-term Investments that will help you build wealth over the long term these are things that you always want to be doing because this is what will build you the long-term consistent wealth but if you want to get there faster and you want to have more money going into your Investments your passive Investments you need to have more income coming in and if you really want to have more income coming in you need to do something that will allow you to have your income which means you're going to have to take more risk and the best time to take that risk is now especially when you're young because lifeless is going to get busier you're going to get more responsibilities you're going to have more financial commitments and it's going to get harder for you to do that doesn't mean it's possible but it will never get easier which means if you want to do something this is the best time to do it take that risk today The best decision I ever made was not listening to anybody else's advice because everybody told me I was dumb everybody told me that I should have become a doctor and when I didn't become a doctor that I was dumb then when I went to law school everybody told me that I should have focused harder in my classes everyone told me I should have got good internships everyone told me that I should have gone and worked for a good attorney after I graduated but I didn't listen because I wanted something different I didn't listen to everyone around me and it was hard because everybody kept telling me how dumb I was but I knew I wanted something different I wanted something that most people could not understand I wanted something that the majority of people could not see and that requires you to not go out and take a risk because now you're going against the whole world nobody understands what you're doing nobody understands why you're doing it and nobody can see the vision that you have nobody can see the dreams and goals that you have but if you want to achieve these dreams goals you want to have that financial success you got to be willing to go out and do something and most people are not going to understand it so now you got to be the person to not only go and take the risk but now you also have to take that criticism from everybody else around you but that's what's going to help you build that tough skin that way you can achieve whatever it is that you want that means you have to be willing to take a risk if you have a business idea this is the time to go after it if you see an investment opportunity and you believe in it go after it so what if you lose money money will come back but your time will not and so you have to be willing to take risks now this doesn't mean do stupid things do things that are calculated do things that you actually believe in do things that have potential for opportunities and that also means learn learn from people that are doing whatever it is that you want to do you know back when I was starting my first businesses YouTube wasn't very popular especially for people that were entrepreneurs are looking to get financial education you don't have this type of stuff on YouTube so I was reading books I hated reading when I was growing up English was my second language I never read a book until I found a money management book the first book I ever read was Rich Dad Poor Dad by Robert Kiyosaki after that I read book after book after book talking about investing your money money management building a business marketing because these were things that had never been exposed to before I went through years of school but nothing that I went to school for taught me how to actually make money how to manage my money how to grow my money these were things I had to learn on my own not just through books but by doing it myself that's why I'm so passionate about the minority mindset because I was doing everything right I had checked all the boxes I was busting my butt trying to do everything so I could become successful but I didn't realize that if I really wanted to become financially successful there was a different type of education that I needed if you want to know how to invest your money into ETFs and real estate that way you have this consistent income coming in when you get older that's fine but we have other videos on our YouTube channel talking about that which is why if you haven't subscribed yet make sure you do that but what I'm talking about today is if you really want to become wealthy and you want to do it sooner you need to invest in yourself and the earlier you do that the better because now you have time on your side you have time to make mistakes you have time to recover from your mistakes and you have time to go out and actually take action on whatever it is you're doing time is gonna pass no matter what whether you do something or whether you don't do anything time is going to keep going on a year from today you are going to be a year older no matter what but now the question that you have to ask yourself is where do you want to be a year from now do you want to be in the same position you are today or do you want to be somewhere else if you want to be somewhere else and you have to take action it takes time it's hard you're not going to know everything and you're gonna make mistakes but that's the only way that you're going to learn and and if you're not willing to take those risks then you're not going to go anywhere because the more you wait the more responsibilities that are going to come your way the less opportunity you're going to have to take those risks and the harder it's going to be for you to break away from the system because now you're going to get trapped in the cycle you have to go to work you have to invest in your 401k you have to pay for your kids college fund you have to pay for your spouse's vacation and as they do that now you get scared you get scared of leaving your job you're scared what happens if you take that risk and things don't work out you're scared that hey what if it takes me two years before I start making decent money what if I can't go and get another job what if the economy fails when I'm starting this business what if this guy falls or what if you don't get enough sleep to go to work the next day but if you don't have all those responsibilities around you it's a lot easier for you to go out and take those risks which is why if you're younger it's a lot easier for you to go out and do it now if you're older that doesn't mean it's impossible it's going to mean it's a little bit harder but it is possible if you're willing to put in the work remember you got to have what your goals are and you need to make sure that your actions are aligning with your goals the majority of people go to work every single day to make money and then they spend this money on rent or their mortgage on food and a little vacation here there and then they wonder where all their money went hey where'd you go but what if I told you that there was a way that you can clone yourself"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 01:40:49 - 01:47:46
Interpreted Prediction
Financial education, especially self-taught through books and practical application, is crucial for understanding how to make, manage, and grow money. This involves learning from mistakes, taking calculated risks, and aligning actions with goals, particularly during younger years when time is an asset for recovery and growth. Ignoring conventional advice and pursuing a unique path, supported by continuous learning, is key to achieving financial success.

Prediction Details

Topic
Financial Education and Money Management

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