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Why I Refuse To Use A Debit Card

2025-05-06 Education
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Minority Mindset
Minority Mindset
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See my favorite credit cards with FinanceBuzz*: https://www.theminoritymindset.com/creditcards *This is an ad. Minority Mindset is a paid partner with FinanceBuzz Subscribe to Market Briefs (my daily financial newsletter) for FREE & get my investing masterclass as a bonus: https://link.briefs.co/4fix4OZ 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. ---------- ➤ Get A FREE Consultation With A Financial Advisor 1) 💰 Money Pickle - Best for $100,000 - $3M+ In assets: https://theminoritymindset.com/advisor ---------- ➤ Life Insurance 2) 🛡 Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) 🏠 Fundrise* - Invest in real estate passively! https://www.theminoritymindset.com/fundrise *Jaspreet Singh is an equity owner in Fundrise and has invested in Fundrise. He receives a commission if you use his affiliate link. ---------- ➤ My Favorite Credit Cards 4) 🪪: See my top credit card picks for this month: https://www.theminoritymindset.com/creditcards ---------- ➤ Invest In Stocks Passively 5) 📈 M1 Finance - Buy stocks & ETFs on autopilot: https://theminoritymindset.com/m1 ---------- ➤ 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/tax ---------- Buy Gold Passively 7) 👑 Vaulted - Buy physical gold on autopilot: https://theminoritymindset.com/yt/vaulted ---------- Recommended: 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)

@mikedarius-s5q 2025-05-07

What’s truly crazy is, once you read book Encrypted Abundance by David West, you realize how blinded you were, but it’s never too late. That book has some serious knowledge ...

399 3 replies
@itchyisvegeta 2025-05-06

If the average person was as credit card disipline as Jespreet is, credit card companies wouldnt offer these perks in the first place.

314 28 replies
@dawnshoolah5047 2025-05-06

Dave Ramsey Screaming Right now 😂😂

194 21 replies
@reaccionapr 2025-05-06

I used the Dave Ramsey plan to get financial discipline. Now that my expenses are low after getting rid of all debt but the mortgage, I use my credit for all expenses and pay it in full.

144 9 replies
@crossbronxkennels 2025-05-06

I would only add two things to this. One. Don't open up store cards just to save 10 or 20% off of a purchase. You don't need to give a cashier all of your personal information and add another young line of credit to your credit history just to save a couple dollars. The other thing that I would add is that when I patronize local businesses, I always try to pay cash so that they are not getting nailed with the credit card processing fee. No I mean this for small local businesses not large National chains.

93 4 replies
@TheNetworkChef 2025-05-06

The perks are to get you into credit card debt. Only do this if you good at managing your money.

51
@DavidJamesInvestments 2025-05-09

I would add a third rule: Always have the cash to back up all spending you do on a credit card.

34 2 replies
@markamark123 2025-05-06

thank you random guy on youtube

30
@MinorityMindset 2025-05-06

Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/03de06 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!

17
@ThurstonConsulting 2025-05-06

I agree with this philosophy. Spend within your means and pay for it with cash, debit or credit.

10

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