What's up everybody. I'm Jaspreet Singh and welcome to the Minority Mindset.
Happy New Year to you. Happy New Year, dear Minority Mindset
family. Happy New Year to you. What's up everybody. Welcome to 2020. It's a new
year, a new decade, and this is spar... This is your time to shine. I know it, you know
it, and even your dog knows it. But, people, people, people, before you start hammering away at
your new year, new me resolutions, there are five things that I need you—yes you—
five things you need to remember, so you don't end up like the smelly 92 percent
of people that don't achieve their New Year's resolution goals. But before we
get into that, make sure you hit that thumbs up button below, because in 2020
YouTube wants our people and Watchers to hit that thumbs up button, so they
continue showing our videos. First: diets don't work. We all have that one friend
or two friends or ten friends, who's always on a new diet. First it was keto,
then it was no carbs, then it was the one that's gonna really really work, raw wegan,
raw vegan. Each and every time they go hard on their diet, and then they lose
a few pounds right away, and then two or three weeks later they get burned out
and demotivated, or they hit their goals, and then it's time to celebrate by
going to Dairy Queen. Oreo Blizzards. No, no, no, no, no. Stop right there.
No more dieting, because diets are temporary motivation. You're just telling
yourself: I need to lose six pounds, so I can fit into my jeans again, and once I'm
done with that, I can go back to eating all my crappy foods again. uuuh, Jaspreet,
what did diets have anything to do with New Year's resolutions? Because... Two: stop
dieting and start lifestyle changing. If you want to get fit, stop going on diets
so you can fit into your jeans, and start being healthy, because you will get to
live longer. Don't tell yourself that you need to eat a salad, because you need to
lose 20 pounds. You need to eat a salad, because it's good for you. It's the same
with... your money. If you want to hit your New
Year's resolutions, you need to stop making New Year's resolutions, and start
making lifestyle changes. huuh, can't I start the next month? If you want to
change your life, you don't need to wait until a Monday or a new month, a new year
or a new decade to start doing that. You got to start doing that, because that's
the change you want to make. But wait. I can't start doing that today. It's my
friend's Birthday next week. There will never ever be a perfect time,
so if you want to make a change you need to start today. Third: so what kind of
lifestyle change should you be making? When it comes to being financially fit,
there are three keys that you need to master. Key number one: spend less money.
Key number two: earn more money. And last, but definitely not least, key number
three: invest like crazy. We are living in the day and age of the flex. The *grunt* flex, no.
The 'oh my god look at me, look at how fake rich I am' on Instagram flex. Just
bought a new watch. Gotta show my people on the gram. Showing off the flex, is a
game of chicken where everybody on instagram is playing, trying to outspend
each other to see who will go broke first. oh my god, oh my god, look, I won!
Just because you have $1,000 in your wallet, doesn't mean that you need to
spend it. And when it comes to earning money, look when you are young and juicy,
this is your time to do something big. Put in the extra hustle to make more
money. You'll start a side business to become a freelancer or flip things, this
way you have more money coming in. Now, instead of just being a consumer where
you're making all the businesses around you rich, you are becoming the provider,
so you are the one making money. Four: know how to use your money. Investing your
money is important. If you've heard me say it once, you've heard me say it at least
four thousand times. But 2020 is going to be an interesting year. Donald Trump is
running for re-election. You have economies around the world slowing down.
The markets broke record highs in 2019, and consumers have a record high level
of consumer debt. *grunt* Buckle your seatbelts. It's going to be a
bumpy ride. If you are a brand new investor, this is not the time to blindly
dump all of your money into the market. But, this is a great time to
start learning and dip your toes into the investing pool. Hate it or love it,
the reality is you have experienced investors who are putting some money on
the side, because they want to see who's going to win the next election. If Donald
Trump is reelected, then you know that there will be more cheap money for banks
to lend out, and there will be more investment into defense contractors. If
somebody extreme on the other side wins, then you know the defense companies'
banks and a lot of big corporations are going to take a hit. So, depending on what
you think is going to happen, that's going to change where you put your money, and this
is why it is so important to stay up-to-date on what's happening in the
finance and business world, this way you can be smart with your money, and
that's why we created the free Minority Mindset newsletter, where we first break
down the top finance and business news, and then we show you how the news
affects your wallet, and the newsletter is completely free, this way you can be
money smart. And you can subscribe to our newsletter by clicking the link up here
or by clicking the link in the description below. And fifth: I need you to
remember this. You have a whole lifetime ahead of you.
Bill Gates said it best. He said, people overestimate what they can do in one
year and they underestimate what they can do in 10 years. Your New Year's
resolution for 2020 might be to lose 7 pounds and pay off your debt, but I hope
that after watching this, that's changed to a new life goal of getting in shape,
because it's healthy, and becoming financially fit,because that's what's
good for you. Everything is baby steps for the bigger
goal, but you just have to keep moving one small step at a time. Thank you for
watching, if you enjoyed this video, share it with one friend, and if you don't want to
miss our new videos every Monday, Wednesday and Friday, then make sure you
subscribe to the Minority Mindset YouTube channel, and hit that little notification
bell, that way YouTube actually lets you know when our new videos are released.
And as always KEEP HUSTLIN' *