The Minority Mindset Show

How High Income Earners Still End Up Broke


Listen Later

"More than one out of three Americans earning $200,000 a year… are broke."

Let that sink in.

In this episode, Jaspreet breaks down the brutal truth behind why high income doesn’t always equal high net worth. From rising expenses that quietly scale with your paycheck to a system designed to reward investors over employees, he exposes the financial traps that keep even six-figure earners living paycheck to paycheck.

Jaspreet doesn’t just call out the system...he calls out you. Because blaming inflation, taxes, or your boss won’t fix your wallet. What will? Learning how the game works, and then playing it better.

In this episode, Jaspreet covers:

  • Why making more money often leads to more debt

  • How to start investing (even with just $100)

  • What "Always Be Buying" (ABB) really means

  • Why understanding your spending is the first step to freedom

    This isn’t a get-rich-quick talk. It’s a get-rich-for-real wake-up call.

    Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

    Below are 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 (or podcast).

    ----------

    ➤ Invest In Stocks Passively

    1) M1 Finance - Buy stocks & ETFs automatically:

    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

    ----------

    ...more
    View all episodesView all episodes
    Download on the App Store

    The Minority Mindset ShowBy minoritymindset

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    187 ratings


    More shows like The Minority Mindset Show

    View all
    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

    3,867 Listeners

    The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

    The Side Hustle Show

    1,589 Listeners

    The School of Greatness by Lewis Howes

    The School of Greatness

    21,232 Listeners

    The Martell Method w/ Dan Martell by Dan Martell

    The Martell Method w/ Dan Martell

    588 Listeners

    Tom Bilyeu's Impact Theory by Impact Theory

    Tom Bilyeu's Impact Theory

    4,700 Listeners

    Bedros Keuilian Podcast Show by Bedros Keuilian

    Bedros Keuilian Podcast Show

    2,298 Listeners

    The Diary Of A CEO with Steven Bartlett by DOAC

    The Diary Of A CEO with Steven Bartlett

    8,862 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,097 Listeners

    Modern Wisdom by Chris Williamson

    Modern Wisdom

    4,087 Listeners

    On Purpose with Jay Shetty by iHeartPodcasts

    On Purpose with Jay Shetty

    27,694 Listeners

    The Personal Finance Podcast by Andrew Giancola

    The Personal Finance Podcast

    1,426 Listeners

    The Daily Motivation by Lewis Howes

    The Daily Motivation

    922 Listeners

    Rich Habits Podcast by Austin Hankwitz and Robert Croak

    Rich Habits Podcast

    505 Listeners

    The BetterLife Podcast by Brandon Turner and Cam Cathcart

    The BetterLife Podcast

    855 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    944 Listeners