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The Brutal Truth About Budgeting: Why Most People Fail

2024-07-04 Education
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Minority Mindset
Minority Mindset
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Description

Subscribe to Market Briefs for FREE and get my daily financial newsletter: https://link.briefs.co/4fjFFkl My recommended tools*! *Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube. ---------- ➤ Invest In Stocks Passively 1) 📈 M1 Finance - Buy stocks & ETFs on autopilot: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) 🛡 Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) 🏠 Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ---------- ➤ Upgrade Your Career 4) 💼 CourseCareers - Get the skills to get a better career: https://coursecareers.com/a/jaspreet ---------- ➤ Buy Gold Passively 5) 👑 Vaulted - Buy physical gold on autopilot: https://theminoritymindset.com/yt/vaulted ---------- ➤ Business Accounting 6) 💸 CommonWealth - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: https://theminoritymindset.com/yt/accounting ---------- Recommended: Understand These 3 Numbers To Get Rich With Stocks https://youtu.be/jd7OVVcBCHM?si=f7JKsXIxB6qoG8DE What Is The Minority Mindset? "The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh Follow me: Instagram: https://www.Instagram.com/MinorityMindset Website: https://www.TheMinorityMindset.com Want More 🥑🥑? Minority Mindset Clips: https://www.youtube.com/minoritymindsetclips Minority Mindset En Español: https://www.youtube.com/minoritymindsetenespanol Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Top Comments (10)

@FatPandaCries 2024-07-04

Damn all these bots in vomments wtf

14 2 replies
@yhckelly 2024-07-04

My wife and I don't budget- we track our income and spending. We use that info to meet our overall life goals. It's exhausting and silly to "assign each dollar a mission"- that's why people fail- but it's liberating to set good goals with real spending data. It works and its sustainable.

10 6 replies
@amigo2k10 2024-07-04

Ok I'm convinced you like guaq

9 1 replies
@moose1485 2024-07-04

Great videos! and I like how he said "you should pay cash for your car". Car financing is the worst financing.

9
@rd9102 2024-07-06

People fail because they don't take their finances or even most of their lives seriously, no plan, no thinking about it, no goals, just whatever feels good. So they fail at almost everything and live life as a consumer and whatever comes along their way.

7 1 replies
@TheFirstRealChewy 2024-07-04

We create a budget and try to stick to it. We first determine all the required expenses then add a little for entertainment, etc. That gives a cap that we try to stay below each month. Its not easy because its a low ceiling and we do fail at times. We just don't want to fail too bad consistently. We have a separate account for vacation travels. Any expense for that comes out of that account and we're very strict with that. If the money isn't there it can't be spent. We're working our way up to being very strict with the main budget.

4 1 replies
@dreww6948 2024-07-05

Does 401k contributions count as a part of the 15 percent for investing??

3
@MinorityMindset 2024-07-08

Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/996fe4 WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

2
@RoseEveringham 2024-07-04

I agree with you. The problem over here in Canada is tenants are not paying their rent. Landlords are losing out end up selling their real estate assets.

1
@bchristopher2270 2024-07-04

I love how guac is always part of his math 😂

1

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