DÉMISTIFIONS LE MYTHE DES MILLIONNAIRES | Jaspreet Singh - Partie 3/3

You have to be rich here before you can be rich on your bank account and you have to understand the role that your state of mind plays because now if you tell yourself that you can't do it, then yes you can't but if you tell yourself that you can, the next thing you're going to do is you're going to ask yourself ok how can I go from 40 to 50,000 dollars? I'll give you a quick example the first time I won a million dollars in a year my car was worth 500 dollars and I still drive today with this car at 500 dollars the question you have to answer is how much are you ready to sacrifice today for something bigger tomorrow? people who understand money get richer, people who don't understand money get poorer We are talking about a real decade of sacrifice here and there is really no way around it if you want to know the best investment you can make if you want the best returns, the biggest returns, you will have them by investing your money in yourself and the most difficult thing is that you have to be ready to go through this period and make an effort you know unless you already have this experience, that you have mentors, that you have parents, people who can guide you through all this maybe with all this you can save time, but I didn't have all that so for me it took me a solid decade to understand how to go from one business idea to another business idea to overcome failure after failure after failure, to suffer scams, betrayals it's through these things that you learn and when you live them, it sucks you don't realize that you are learning a lesson, you just have the impression that damn, you see what I mean, but the thing is that you have to keep the goal in mind and understand what is most important to you right now now let's say you earn $40,000 a year and you say to yourself ok, I'm going to save a quarter of my income, I'm going to put $10,000 aside to save and invest so you start putting your money to work and you realize oh my god, I love this idea, I want to do more, I want to get better results so you're there like, I'm going to try to save 30% of my income, or even 35% of my income and so you keep trying to tighten the belt except that it is at that moment that you really have to develop this state of mind of growth and that's what the rich are able to do when they say ok, of course, I can always try to tighten the belt a little more to save more but the other thing I could do is try to increase my income ok, how could I go from $40,000 a year to $400,000? and maybe you're thinking like but how the hell could I go from $40,000 to $400,000? like, it just seems impossible and at that moment, yes, it could be the case except that the first step, as we said just before, is the state of mind you have to be rich here before you can be rich on your bank account and you have to understand the role that your state of mind plays because now, if you tell yourself that you can't do it then yes, you won't be able to but if you tell yourself that you can the next thing you're going to do is that you're going to ask yourself ok, how could I go from $40,000 to $50,000? then from $50,000 to $100,000? you're going to start watching YouTube videos then you're going to start getting to work and as you start making more money you're going to be able to answer the question what do I want to do with this money? do I want to buy a new car? or do I want to invest in my company? do I want to buy a real estate? do I want to invest in stocks? do I want to invest in a startup? now you can make this decision because you have this financial education and that's why, you know every time I talk about you know, things I say that you should do to become rich I always talk about the way in which you invest and make your money fruitful because if you don't know how to save your money if you don't know how to invest your money making more money won't help you as long as you don't know how to do these things I'm going to give you a quick example the first time I made $1 million in a year my car was worth $500 and I'm still driving this car for $500 the question you have to answer is how much are you willing to sacrifice today for something bigger tomorrow? I'm not a materialist at all I don't really care about brand stuff it doesn't really bother me, I mean it doesn't bother me that others do it but it's just not for me I buy my clothes my costumes in India directly I make them tailor-made for $100 my clothes are relatively inexpensive but for me I like what I do and I'm more motivated by the goal of helping people on the things I would have liked to receive help one of the things I try to do I mean, one of the things I don't want to do is to tell people, here's what you have to do and the reason I say that is that hum when you see these people sell their programs to become rich quickly I mean, I bought a lot of courses to try to learn more about entrepreneurship and money and some of them were very good and some of them were very bad and the thing is that I often saw these people who were like you absolutely have to buy this type of ETF or you absolutely have to do this type of real estate investment invest in this type of company so ok, it worked for them but my goal is not the same as theirs my journey is not the same as theirs my experience is not the same as theirs my risk tolerance is not the same as theirs and every person who watches this video is still completely different and so my goal is to bring you education so that you can make better decisions for yourself rather than telling you what to do teach you to learn rather than telling you what to do the first thing is to relax because no one makes rational decisions under the effect of panic no one makes smart decisions under the effect of fear understand that these are things that happen and that everything will be fine so the first thing you can do is just to calm down and take a deep breath the second thing you have to do is acquire this financial education the third thing is to determine what type of opportunity you want to find do you want to invest in stocks? do you want to invest in real estate? do you want to invest in cryptocurrencies? or on several things at the same time? find what you want to invest in make a list make a list of things you want to own and start looking for the right opportunities start investing reasonably in things you can buy at the lowest price you don't have to buy everything at once that's what I was talking about in 2020 when the market collapsed I said look I buy by phase I know what I want to buy and I buy it at a drop and every time it drops from 10 to 15% I buy more and I buy more aggressively when I did that people thought I had lost my mind they said but why are you buying now? the market is collapsing it's the end of the world don't buy now listen you have to calm down there will be a lot of emotions there will be a lot of panic a lot of fear but the best investors are not those who invest based on their emotions they are those who invest on the finances themselves so cut yourself off from this noise just be clear about what you want to buy you can also invest in gold now the only thing I want to mention about gold is that I don't consider gold as an investment for me it's just an alternative form of savings it's pure and hard value it just comes back to holding something it's another way to save money but in the end, the best investment you can make in any situation is to invest in yourself and to be aware of the things that are most important to you your physical health your mental health your spiritual health your financial health and understand that there will always be opportunities to become better in all these aspects but you have to be prepared people who understand money get richer people who don't understand money get poorer and it's very unfortunate the reality is that that's how the system works and you have to decode it understand that for a government it's profitable to keep people in poverty and it's really sad but it's also the reason why you absolutely have to educate yourself financially