How to STOP living pay check to pay check… | Savings Expert Jaspreet Singh

people that are in that paycheck to paycheck cycle which I was in for many many years of my life where I'd get paid for my call center I'd go and spend the money and pretty much spent all the money within the first couple of days of getting the paycheck and I was just waiting the next three weeks for the next paycheck what advice would you give them about getting out of that cycle because it because you almost feel imprisoned by that cycle if you're in it absolutely well before I give the advice I want to

explain to that person what's happening because you are the Prime customer for our economic system Banks love you because they can sell you payday loans they can sell you credit cards they can sell you lines of credit and they can keep you in debt for the rest of your life which means you keep making the bank Rich corporations love you because you're not going to think twice when we show you this nice bag when we show you this nice vacation you're going to want this stuff and so we love selling you this stuff the government

loves you because you're going to pay the highest taxes employees pay the highest taxes and so when you're in that situation you are making everybody else Rich at your expense and so if you want to break out of this the first thing you got to understand you need to make yourself rich before you make everybody else Rich because when you're spending all your money you are putting your money into their pockets and you have to stop that you got to keep that money for yourself you're in a boat think of it this way you're in

a boat and this boat has as water just flowing in and you are sinking and you got to start by sealing the holes you got to stop the water leaving this you got to stop the water coming in you got to stop the bleeding and that means you got to stop the spending so if you are in what I call the financial danger zone which is you don't have $2,000 saved up for an emergency and you have credit card debt if you are in that situation you are in the financial danger zone and you have

to make drastic changes that means right now no more eating at restaurants no more vacations no more doing anything that doesn't put money in your pocket and no more Netflix no and the reason why I say this isn't because you're going to save $15 a month it's so you can save two hours of your time a day the average American is watching more than two hours of Television a day and if you don't have $2,000 saved up if you have credit card debt you cannot afford those 2 hours a day being a wasted on TV

and that means right now you have to go out and start using the time to learn start using the time to work and start using the time to make some extra dollars so what do you do start selling stuff stop spending money selling stuff you own selling stuff you own so if you have a TV that you're not using sell it you have a car that you can't afford sell it if you're living in a house that you can't afford sell it downgrade move smaller and then work to earn more money I've got to say

the couple of things that I came to mind is you were saying that and funnily enough I put myself in the shoes of 18-year- old Steven Bartlett when I was in that small apartment with three or four immigrants in Mosside rush home and I was you know my rent was nothing my rent was a 1,000 no 150 a month which I could not afford and I could not pay and I was intermittently working between call center jobs and whatever money I got I spent and part of the reason I spent it just pre is because

like many people watching especially men who sometimes feel the need because of the way Society is I was trying to get laid at the same time and it's hard yeah when you're a young man and I say young men in particular because the stats do support the fact that there is an expectation that men pay um when you're a young man it's particularly difficult to do all of these things to cut back and also get laid and what am I going to do defer getting laid for 10 years when I say laid I'm really saying

meeting someone and falling in love and having a having a life so what do I if I if I'm living in a shoe box which I was I can't bring anyone back there I can't take anyone for dinner I can't take anyone to the movies so what do I do and this is why every Indian parents tell their kids to become a doctor so their son can get married it's the same concept but here's the thing you have to pick your heart either life's going to be hard now or it's going to be hard for

the rest of your life and you have to pick what's more important to you right now and you know if we talk about balance if you want to have a balance of everything where you want to find a girl and you want to make money and you want to stay healthy you are dividing your attention everywhere not saying it's impossible but very few people can actually do everything all at once and if your number one goal is to become wealthy if your number one goal is to turn your finances around you have to get serious

about it because where you put your attention is where you get the results and so if you want to be a better financial situation you were going to have to make sacrifices and it's difficult I can't come here and tell you it's going to be easy yeah because that's going to be me lying to you I got to be honest I did make a sacrifice and for me the sacrifice was I started a business and frankly that meant that I didn't have time to be going out getting laid or meeting people or socializing but it's

it my story arc ends with it going well and then the Romantic situation taking care of itself many years later once it had gone well because I was so focused on myself and it's funny there is a bit of a paradox to life that the more you actually Focus inward the more you become a magnet yeah um and the more I focused outward the more I pursued and chased and sort of neglected myself the the more harder it was to get people interested in me yeah and you know I I also want to say that

when I talk about Building Wealth I'm not talking about becoming a money hungry just money greedy this is evil person that just cares about money that's not what I'm talking about because I want you to live a holistic life because money is just one part of your life but the second part to that is I'm not telling you to never enjoy life I'm telling you to make a sacrifice for a period of your life that way you can enjoy the rest of your life and never have to worry about money again it's hard for us

to naturally see life as Seasons especially when we're looking forward when we're looking back it's very easy to say oh that was that season like I can sit here now and say all that 20 to 25 was that sacrifice everything in my life to make myself something season then 25 to 30 was like building and learning and then I I now you know can can think of it's easier actually now to think forward in Seasons now that I've been through some Seasons but for someone that's hasn't been through seasons in life it's hard to think

about life in those terms I now think of my life in these fiveyear Seasons MH and that helps me to say to you even have conversation with my partner where I go this is the season I'm in um and it will last probably roughly this this long and I'm going to sacrifice these things and prioritize these things in this season mhm but um it's hard for people to understand this idea it's difficult and that sacrifice is difficult especially during a time where everybody's showing off everything on Instagram you look at your friends who have a

crappy job but they're driving around in nicer cars going on better vacations going to the nicer restaurants and you're thinking what did I do wrong and then especially if you're a guy you have a girlfriend you have a wife she's going to say how come they keep get to go can they keep getting to go to Cancun they keep going to these nice restaurants how come you can't take me to these nice places and now you feel like you're doing something wrong because where is this discrepancy the reason why I call my show the minority

mindset is because I'm a big advocate of not doing what the majority of people do the first time I made a million dollars in a year I was in my 20s I was driving a car worth $500 it didn't have a bumper on it it was not pretty my wife sat in that car with me and my employees drove better cars than I did so you know uh you got to be confident and you got to work for something bigger and you want a partner that's going to understand that that's my belief which is not

the easy thing it's interesting because confidence is such a internal thing and I just feel like I just probably just didn't have it then cuz I I think I was scared for someone to know that I was broke I was so scared to know for someone to know that I was broke that I just didn't entertain romantic relationships and that is the reason why so many people will go into debt to buy vacations to buy things to buy stuff to look rich and ironically that's the thing that keeps so many people poor for the rest

of their life is because they're scared to look broke and now when you try to look rich that's the thing that's actually keeping you broke there's another element to this which is my life was pretty miserable so when you have a relatively miserable life when you don't have many nice things because you're working in a call center as I was until 11:00 at night time doing overtime every overtime hour I could get then because you're all lonely you're going home alone walking home because you can't afford the bus anything that gives you a little dopamine

hit gambling this is why all the gambling shops are in the areas that struggle the worst financially because those I mean a lot of people say because those people are looking for that you know that big payday that dopamine hit from a Payday um my TV in my tiny tiny little bedsit room was like half the size of the wall I was making Reckless spending decisions because I think it gave me some kind of hit that I I was missing in my life it gave me like a dopamine Rush that was and there wasn't many

things giving me a dopamine here at that point in my life and see here's the thing during that time you are making emotional decisions yes as many people are and it's very difficult to speak logic to emotion but this is where now you have to be able to understand the difference because if you're listening to this and you're in that situation you have to understand that if you want to continue being able to live that lifestyle you're going to have to make some changes today otherwise you're going to be stuck in this lifestyle for the

rest of your life and it's only going to get more difficult and that's the thing is if you want to become wealthy the first part is just your own mindset it's your own discipline and until tell you can conquer that I can tell you everything about investing I can tell you different ETFs and index funds to invest in I can tell you different investment institutions out there I can tell you which stock brokerages to use I can tell you just invest 15% of your income into this for the next 10 20 30 years and you're

going to become wealthy but until you can get over that mindset you're never going to become wealthy because then what happens in that situation is when you're in that state of I just want to look rich I just want to have that dopamine in I just want to have some nice things because I deserve it I work hard you know what happens next you the one that gets caught up in all the get-rich quick schemes because someone's going to say look put $1,000 into this you'll have $110,000 in the next 3 months or I'm going

to show you you can live the laptop lifestyle you can work 5 hours a week make $110,000 a month $110,000 a week you're never going to have to worry about money again just buy this program and now you're a prime candidate because now you were driven by this emotion of I want that I can't imagine if I had an extra $10,000 a month and I don't even have to work for it because you can't see past it you're all you're doing is being sold by a motion and So you you're the one that's going to

get caught up in the get-rich quick schemes you're the one that's going to make the bank Rich because because you're going to get stay stuck in debt corporations are going to love you because they can keep selling you the nicest the newest stuff because you want to look rich you want to show it off to your friends you want to show it off to the girls and you get stuck in that cycle if you love the dver CEO brand and you watch this Channel please give me a huge favor become part of the 15% of

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