![]() But living below one’s means is critical to building wealth, regardless of income. In order to keep pace with peers, people often end up in debt-or close to it-while attempting to spend in line with their salary. Lifestyle creep is a difficult-to-avoid part of climbing the social ladder. “But if you spend all your money, you will never become wealthy.” “Most Americans work to buy nice things like fast cars, nice vacations, and luxury clothes,” he told GOBankingRates. This is where most Americans fail, he says. Spending all the money in your bank account-much less going into debt-all but guarantees you’ll never be able to rise above your station. In a recent interview with GOBankingRates, he outlined a three-step plan for anyone, in any financial situation, to build wealth. But becoming wealthy is surprisingly easy, Singh insists. Singh’s guidance-which he dispenses in spades on TikTok, YouTube, and Instagram to over 2.5 million total subscribers and followers-is aimed at those without generational wealth or much prior financial knowledge to rely on. The Minority Mindset was born to teach others how not to make the same mistakes he made, centered on “thinking differently than the majority of people” about money. “So I went on my own quest to become financially educated.” After a good deal of trial and error (including countless pivots, opening and shuttering a business, and even getting scammed), Singh figured out his method of success (mainly real estate investing), and has made creating and spreading financial guidance his raison d’être. “I saw how hard my parents worked, and I wanted to take care of them,” Singh said in a TikTok last year. But what they did do was impart a set of values. When he was growing up, Singh said, his parents, who were Indian immigrants, didn’t instill him with guidance about investing or saving. Singh, a first-generation American, licensed attorney, and serial entrepreneur, is also CEO of Briefs Media, which publishes daily business and markets newsletters. That’s according to Jaspreet Singh, a money expert behind the Minority Mindset brand. ![]()
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