What's up everybody? I am Jaspreet singh, and welcome to the Minority Mindset.
What's better than having a successful 2019? Having an even more successful 2020.
2020 is going to be an interesting year. It's a new decade,
it's election year, relate in the economic cycle, and it feels like the
whole world is talking about a possible recession with headlines like this, and
all of these. Yeah. But remember, new year means new opportunity for the minority
of people who think different. That's why, in this video, we're going to go over 7 ways
you can make more money in 2020, than you did in 2019, this way you can capitalize on the
2020 economy. But, before we get into it, make sure you hit that thumbs up button
below, because we're heading into a new year, and you want to start your new year
right. Number one: use the market. But not the way you're thinking. In 2019 the
market broke record highs, and we saw a record low unemployment. That was good
news for 2019, but you need to remember that nothing can go up forever. Countries
like China and Germany are already on the verge of a recession, and their
slowing economies could trickle down into our economy. Do you remember the old
saying: buy low, sell high? Well, market highs are the absolute worst
time to start dumping all your money in the market. But Jaspreet, didn't you
just say that you should use the market to make more money in 2020? Yes, because
when the markets are volatile like this, it's a great opportunity to make
short-term cash. Now, investors, I'm not talking about day trading, because that
is way too risky for me. For the stock market, I'm talking about coming up with
a short term stock trading strategy, or in real estate, I'm talking about doing
something like wholesaling. This way you can make more cash right now, without
tying up all of your money. Second: let President Donald Trump make you some
money. Hey Donnie, thanks for the $100. In 2020,
it is going to be Donald Trump versus somebody else on the Democratic side. If
this election is anything like what we saw in 2016, you know it is going to be
an emotional rollercoaster with somebody on your Facebook feed crying. Time to
unfriend you. Wait, wait, before you unfriend me, remember that this is the
perfect opportunity for you, Minority Mindset thinkers, who think different to
make extra cash by selling some presidential related stuff. During the
2016 election, somebody wrote an Amazon best seller book titled: reasons to vote
Democrat. And then they went on to sell thousands of copies of this nine dollar
book. Oh and I forgot to mention, the book was completely blank. There was not a
single word inside. Millions and millions of people will get very passionate about
this 2020 election, and they will put their money where their irrational
emotions are. You can hate me for speaking the truth, but the people that
can put their emotions to the side will be the ones walking out with profits,
whether you're a Democrat Republican or Canadian. Three: move your money. Come on
Benji, we're going on a walk. This is a weird time for investors. On one hand, you
don't want to dump all your money into investments and buy at a market peak, and
on the other hand, you don't want all your money sitting in a savings account,
earning you point 0.03%. Luckily, online banks are here to finally
save the day with higher interest rates on your savings. Who me?
I moved my money to CIT Bank, who is also the sponsor of this video, because their
interest rates on savings accounts are so much better than the national average,
and it costs you nothing. If you've been subscribed to our channel, you know that I
used to have money at Ally Bank, but Ally Bank kept coding their interest
rates, so I moved my money to CIT bank, because the FDIC insured they're free to
use, and my savings can finally, finally see some growth. Saving your money is not
a substitute for investing, even if you get a higher interest rate on your
savings, but it can help you fight off inflation, until you can figure
out, what the heck is going on in the economy. If you want to see how much
money you can earn on your savings from CIT Bank and open a free account, I'll
put the links to where you can learn more, and do that in the description
below. Minority Mindset is an affiliate partner
with CIT Bank, so if you open up an account with them, we will get
compensated, but there's no additional cost to you. Their savings
account is free, and you can learn more in the description below. Four: build your
own digital business. Companies crave attention, and video is the best way of
grabbing that attention. I'm watching you. And YouTube, You-tube, I-tube, we-all-tube.
YouTube is investing tens of millions of dollars into educational how-to videos,
because people are tired of spending hundreds of thousands of dollars to get
a piece of paper called the degree with no income guarantees. And if you still
don't believe me, in 2019 businesses, for the first time in history, spend more
money on internet ads, than they did on non digital advertisements. This new
trend is not slowing down. If you can build a digital brand today whether
it's YouTube, podcast, blog or whatever, you are setting yourself up, for when the
big money really starts flowing in. Five: shed the debt. Ew! get it off me! In 2019, the
Federal Reserve cut interest rates for the first time in a decade. That means, it
is cheaper and easier for the majority of people to go out, and borrow money to
buy things they don't need, they can't afford that will make them broker. Woo-hoo.
My Minority Mindset family, I need you to think different and be different, and
use this time as an opportunity to pay down your debts, so you can focus on
building your own wealth. Take your extra cash, and use these lower interest rates
to pay down your debts faster, or refinance all your loans, this way you can
pay less money in interest. And if you're looking to refinance on your
student loans or your mortgage, and you don't want to pay a ton of money and
fees, I'll link some of our sponsor and affiliate partners in the description
below. Six: prepare. Listen, the majority of people are freaking out about the
thoughts of another recession happening. Market slowdowns happen every 10 to 15
years, and has happened in the past, and it will always continue to happen. But,
what you need to remember is that, although we can't predict exactly when
the markets will slow down, more millionaires are made during
recessions than any other time. What are you talking about Jaspreet? Recessions
mean investments go on sale, so the people that are sitting on cash can come
out as winners, because if you have cash, then you can come in,
and you can buy investments, like stocks and real estate for a fraction of their
potential market value. I talked about how you can earn real cash with point
number 1. And so, if you can start doing this, and start putting extra cash aside,
this way, when the economy does slow down, you will be ready to come out of the
next recession as a winner, because you will be able to buy these investments
for dirt cheap. And if you're wondering, oh, but Jaspreet, how can I stay
up-to-date on what's happening in the
finance and business world, this way I
can be money smart? Well, we created a free newsletter called the Minority Mindset
newsletter, where we breakdown what's happening in the finance and
business world, and then we show you how the news affects your wallet, this way,
you can be smart with your money. This newsletter is completely free, and you
can subscribe to it by clicking the link up here, or by clicking the link in the
description below. Seven: use matchmaking sites. How much money is Tinder making
you? uuuh, what? Instead of trying to find a match on Tinder for a fun weekend that's
going to cost you a whole lot of money, how about you try to find a match with the
business, this way you can have a profitable 2020. There are freelancers
making hundreds of thousands of dollars from their side hustle by servicing
other businesses. You can make money doing almost anything as a freelancer:
writing, graphic design, voice-over, coding. If you have a skill, you can market it as
a freelancer. Use a matchmaking site like Upwork, to market and promote your
services, and then businesses that need help will come and match with you. Hire
you. You can work from home, pick your schedule, and set your prices. Thank you
for watching. If you enjoyed the video, share it with one friend, and if you don't
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actually lets you know, when our new videos are released.
I will see you next time. And as always KEEP HUSTLIN' *