✅ Subscribe to Market Briefs for FREE and get daily investor updates:
🚨 FREE Passive Income PDF 🚨 Download it here:
Recommended:
If You Want To Get Rich In The Stock Market In 2023 – Watch This:
✅ Check out my products:
1. Market Briefs – Get my free financial newsletter for investors:
2. Business Briefs – Get my free business newsletter for entrepreneurs:
3. Market Insiders – Get a free 10-day trial to my investing education app:
4. Let Me Refer You To An Attorney: Need a good attorney? Let me refer you:
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 AKA The Minority Mindset
#MinorityMindset #JaspreetSingh
My recommended tools! Please note: Although these are our sponsors & advertisers, these are companies that I trust and use (or have used). The compensation doesn’t affect my recommendations or advice. However, you should always do your own research & never blindly listen to a random guy on YouTube.
———-
➤ Real Estate Investing Online
1) 🏠 Fundrise – Invest in real estate with as little as $10!
———-
➤ Passive Stock Market Investing
2) 💰 M1 Finance – Pick a few ETFs and stocks, then let M1 Finance invest your money automatically:
———-
➤ Life Insurance
3) 🛡 Policygenius – Get a free life insurance quote:
———-
➤ Buy Gold Passively
4) 👑 Vaulted – Buy physical gold on autopilot:
———-
Follow me:
Instagram:
Website:
Want More? 🥑🥑 Check out these channels!
Minority Mindset Clips:
Minority Mindset En Español:
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….(read more)
LEARN MORE ABOUT: 401k Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
If you’re like most people, saving for retirement is a top priority. You want to enjoy your golden years without worrying about money, and a 401k plan is a great way to build wealth over time. Unfortunately, one simple mistake could be costing you millions of dollars in lost returns.
The mistake is not taking full advantage of your employer’s 401k match. According to a study by Financial Engines, Americans are leaving an average of $1,336 per year on the table by not maximizing their employer’s matching contribution. Over time, this can add up to millions of dollars in lost returns.
Let’s take a closer look at how the 401k match works. Many employers offer a matching contribution as an incentive for employees to save for retirement. For example, your employer might match 50% of your contributions up to 6% of your salary. This means that if you contribute 6% of your salary to your 401k, your employer will contribute an additional 3%. That’s free money that can add up to a lot over time.
The problem is that many employees don’t contribute enough to get the full match. According to the same Financial Engines study, 25% of employees don’t contribute enough to get the full match. That’s a lot of money being left on the table.
Let’s say that you earn a salary of $50,000 per year and your employer offers a matching contribution of 50% up to 6%. If you contribute 6% or $3,000 per year, your employer will contribute an additional 3% or $1,500 per year. That’s a total of $4,500 per year that’s being invested in your retirement account. If you do this for 30 years and earn an average annual return of 7%, you would have over $700,000 in your retirement account. That’s a lot of money that you wouldn’t have if you didn’t take full advantage of your employer’s matching contribution.
Now, let’s say that you only contribute 4% or $2,000 per year. Your employer will only contribute 2% or $1,000 per year. That’s a total of $3,000 per year that’s being invested in your retirement account. If you do this for 30 years and earn an average annual return of 7%, you would have just over $500,000 in your retirement account. That’s a difference of over $200,000!
The bottom line is that if you’re not taking full advantage of your employer’s matching contribution, you’re leaving a lot of money on the table. This simple mistake could be costing you millions of dollars in lost returns over time. So, take a look at your 401k plan and make sure you’re contributing enough to get the full match. It’s free money that can make a big difference in your retirement savings.
Join Market Briefs, my FREE newsletter for investors, here: https://briefs.co/market/jaspreet
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!
I know very little about 401k . Fidelity do my 401k through my employer . I match full amount of IRS limit and my company match half of IRS full limit . I have no idea how much fidelity charge for it. I never attended free retirement plan meeting with my company due to time constraints plus I am lazy and I am 35 years old. I do not know how to get full picture of 401k.
I'm considered a High Earner Not Rich Yet (HENRY) with around $250k income, but not having much left after taxes, housing, and family costs.. not to mention saving for an affluent rtmt. I'd really appreciate investment tips that comes handy and sustainable to match my 8-figure rtmt goal in 5 yrs.
I would be retiring or working less in 5 years and I want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet
Thanks It's as if I'am seeing the world with new eyes… damn thank you!
Besides ROTH and 401k, are there other ways we can prepare ahead of time for our retirement? Mine draws nearer by the day and I'm gradually going into panic mode
I also recently discovered that Target Funds (401K where you pick the year you retire and someone else invests your 401k) are vastly invested into mutual funds, which return lower profits and have higher costs. Beware!
At some point it might save you a lot of money to quit you job, do a 401k -> IRA rollover, and then try to get rehired. lol…
Thank you for sharing all this! We appreciate all your teachings for minorities!
This is how I see it. If a MM can make me $5M, they deserve a million dollars. I can live with that. What am I going to do with that another million dollars when I'm retired, debt free, kids are grown, and house paid off. Oh, geez, $3.4M isn't enough for me to survive. Keep it simple, peeps. I'll see you guys BELOW!
Would love to see a video on scenarios between pre-tax 401k (100%) versus ROTH post-tax (100%), split pre and post (50/50) and the plan to take pre-tax and annually convert it to ROTH
<<Thanks for the update and keep doing what you do. My journey in the current market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of a few months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Aaron Addison has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get >burned.
At my job, they match 1st 3 years 3% IF I put 5% in from my pay. Then 2% there after for 2 years. I already have another portfolio besides my opinion for my work 401k. Is it a good idea? Or should I put more $$ in my other portfolio. I can only put in like $100 in as I'm trying to save for a place to live. Especially in NY, LONG Island. I would love to get cash flow opinions but need more education on in… Any tips..
HELP…
AND THANK YOU.
hey been subscribed for awhile and i watch every video but please add your videos to rumble too would love to see your information there you lose nothing by doing so
Most of us are forced into these predatory funds through employer matches. My last jobs plan was just short of 4%. I was basicallly robbed but i did get the match :-/
1.1k+…Thanks
Just look last week.fuck that 401k piss me off..fee like 2 percent funds
Can I invest 500 dollars in amo500x. Please guide me
Is there any number I can call
What is etf please .can you tell what is dividend investment .
I have finance adviser I do not know how much I pay him .I am senior . Need advice on dividend pay investment
Great information
I think I want to spend a comment on the fact that Amazons AMO5000X has the highest ambition I've ever seen with anything or anyone.
I already lost 75% of my lnvestment to crypto crash this year, but good news on AMO5000X
For the most time of this year if you would invest into anything it is not doing very well I mean that's pretty obvious. But the launch of AMO5000X plays a different game and it is less affected by such moves as the utility is simply too strong. Just my bet
I hope you are right about AMO5000X? Thanks for the highly educational video. Keep up the good work –
If the inflation and recession is real you need to decide which to hold and I think AMO5000X does better
Was in serious doubts because this is really a tough market but just got the headsup that Amazons announcement for AMO5000X invite hit the roads and that could maybe change the tables. I'm going with it! Who's with me?
Nice, a video about AMO5000X , AMO5000X The Best Blockchain, I sold all my ETH for AMO5000X hours ago and I've never regretted the decision. I choose AMO5000X because I prefer to invest in The Best, I don't care who was first. On the long term, The Best will be number one.
I wish I invested more USDT in AMO5000X. It has huge potential. The recent pump proved it.
There is a reversal expected reason is that AMO5000X is made by Amazon and pretty hot
I am sure AMO5000X will grow. That's why I just keep buying ada on bfx