The Federal Reserve says that there are just under two trillion dollars worth of
Federal Reserve notes, or what you call money, out there. According to the Bank
for International Settlements, it's five trillion dollars. And if you ask the CIA
they'll tell you that there are 80 trillion dollars out there.
So, who's right? I don't know, but what I do know is that your job is to attract
some of those trillions of dollars into your wallet, and the only way you can do
that is if you understand money. What's up everybody? I am Jaspreet Singh,
and welcome to the Minority Mindset. Newsflash
everybody in the world is after your money. Get away, it's mine! When you walk
down the street, you see billboards for lawyers and doctors who want your
business, if we turn on the TV you'll see ads from Peloton who wants your money,
turn on Facebook and you'll see Dean Graziosi doing the same thing. Even when
you come on YouTube after a long day at work and you wanna watch some Minority
Mindset videos, YouTube is gonna show you advertisements from people who want you
to open up your wallet. Hey. Before you watch the video and skip this ad I got
something for you. Now spending money isn't a bad thing, I mean if you never
spent any money then you wouldn't have a phone to watch this video, and you
wouldn't have any food, and you won't have any clothes. But if you understand
how money works, you will be able to keep more money in your pocket, and you'll be
able to attract more money which is what we're gonna be talking about today, but
before we get into that, make sure you hit that thumbs up button below, and
subscribe to the Minority Mindset YouTube channel, that way, you don't miss our new
financial education videos every single week, and hit that little notification bell too,
because if you don't, YouTube's not gonna let you know when our new videos are
released. Starting as a kid, you are told that you
need to go to school, so you can get a degree, so you can get a job, so you can
what? Make a lot of what?? Look, I know you think I'm behind a screen, but I can hear
you, and I know you didn't say anything. Get a job so you can make a lot of money.
But, you've been lied to. You don't make money. You're not allowed to. I mean if
you try to make money, you would go to jail. The only people that can make
money our banks, and you are not a bank. And if you are a bank then I really hope
you don't watch our other videos. So you're not going to work to make money.
You're going to work to earn money or attract money from your company's bank
account, in exchange for your time, of course. The amount of money that you get
or that you attract is just a paper representation of the amount of value
that you're providing. The more unique value you provide, the more money that
you'll get. It takes two days to learn how to flip burgers and it takes years
to learn how to do heart surgeries. This heart surgeon doctor can provide more
unique value because they had to go through more school and to get this degree in
this education to do these heart surgeries, which is why the heart doctor
can make more money than the burger flipper. The doctor is the one that's
providing more value, unless we're talking about Five Guys. Back before
modern money, you couldn't do this money exchange. You had to exchange services
for goods. Like if you built houses, and I milked cows, and I wanted you to build me
a house, then I would have to milk your cows for a month, or two months, or
however many months I needed to to provide you enough value for you to
build me a house, and that value is really hard to measure. I mean is the
house that you're building me worth one month of cow milking, or ten? I don't know.
Our money makes this value easy to measure. You, the Builder can value your
home, the land, the goods, and the labor to build the house at five hundred thousand
dollars, and I might value this cow milking at $50 per cow and now I know
that if I want to get your house I have to go out and milk one thousand cows to
have enough value built up to go and buy your house. Wait, I take that back. I
wouldn't have to milk one thousand cows, I'd have to milk ten thousand cows, but
luckily I don't milk cows, I make YouTube videos, well you get the idea.
Everybody in the world is trying to take some of your money, and some people do a
better job of it than others. Did you say $15 for avocado toast?! Huh. I'll take it.
If you want to attract more money into your wallet, you need to provide more
unique value. This is where most people think, oh let me work harder at my job so
I can get a raise. If you work harder at your job,
yes, you will be able to make more money, but there will always be a limit to how
much you can make because the amount of value
that you can provide is marginal. But if you work really hard to create your own
unique value, like you created this awesome mug, now you're not limited by
the amount of hours that you put in, you're limited by the amount of mugs
that you can sell. Now, going back to what I said before, that everybody's
after your money, well now you are in that position. You would be crazy if you
did not want everyone to buy your mug because you know how amazing and how awesome
your mug is and everybody needs to have it. Now, your job is to show the world, hey,
my mug cost $20, but the amount of value that you get from owning my mug is
worth way more than $20. The more people that you can show this to and convince,
the more money that you will attract. You're not putting a gun to people's
head, you are showing people that, hey the cost of your mug is less than the value
that people will receive. Buy my mug, or else. There's a lot of money in the world,
I mean, nobody even knows how much money is out there. So there's a lot of
opportunity for you to create value. Once you attract this money, now it's your job
to know how to keep this money. And unfortunately, the majority of people
don't know how to think for themselves. I'm gonna diagram this out so it's easy
to understand. This is you, let me start by drawing you an awesome mustache so
you look good, and this is the world. The whole world is asking you for your money.
If you do not have a shield, or a filter, or something telling you what's worth
your money, or what's not worth your money, you are gonna end up like the
majority of people, giving your money to everybody else in the world, and having
nothing left for yourself. Again, spending money is great, so you can buy things
that you love, and that give you value, I mean that's why you're working so hard
to earn money. But you need to know what's worth spending money on, and
what's not. I like spending my money on experiences, that's what I like, but I
don't like spending my money on brand names, and designer name stuff, that's
just not me, I don't really care about that. I buy most of my clothes from China
or H&M. This is where things get tricky because if you do this the right way,
you're gonna start attracting more money because you're creating more value, and
you're gonna build the shield that's why you're keeping more money for
yourself so you'll have more money, but this is where you have
start spending money again, but this time, you have to do it the Minority Mindset
way. Still money is dead money. If you don't use your money, it doesn't give
you any sort of value, which is why you want to use your money but you want to
use it the right way. In the middle of this video I said that if you wanted to
attract more money, you need to create more value. Well, when you have money, now
you can go up and instead of creating this value, you could go out and just buy
this value, because guess what, starting a business isn't for everyone.
Now instead of you going out and physically creating your own mug company,
you can go and just buy a mug company, or buy a part ownership stake in a mug
company, and let somebody else run it and create the value for you. Now what you
have done is this: you're going out and you are creating value, this might be
through your job, this might be through your business, whatever it is, you are
attracting money and earning money through this thing that you're doing, and
you have put up this filter, or this shield, this way you know what's worth
spending money on, and you know what's not
worth spending money on, this way you have more
money in your wallet. Now what you're gonna do, is you're gonna go out and you're
gonna go buy value. Now your money is out working hard attracting you more money
because it's creating more value for you, and if you want to learn more about this,
we have an e-book on money management and investing that you can read for free,
when you sign up for our financial education emails, which are also free. You
can do that by clicking the link up here, or by clicking the link in the
description below. Thank you for watching, if you enjoyed this video, share with one
friend that way you can help spread the word, and if you want to learn more about how
you can use your money to attract you more money by buying value, you can read our free
ebook, and you can also watch this video right here by clicking on this button.
Thank you for watching, and as always, KEEP HUSTLIN' *