“Got $5,000? Here’s how to make it work for you.”
In this episode, Jaspreet breaks down what to do if you have $5,000 sitting in the bank and how to turn it into way more:
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Why paying off debt and building an emergency fund come first
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Two powerful paths: actively growing your money (start a business) vs. passively growing it (invest)
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The easiest types of businesses you can start today: content, service, or product-based
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How to invest your $5K even if you don’t want to run a business
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Why consistency (not just the amount) is the real secret to building wealth
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What Jaspreet would do differently if he were starting over with $5K
Whether you want to hustle your $5K into $50K or build slow, steady wealth, this step-by-step guide shows you exactly where to start.
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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 a podcast).
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➤ Invest In Stocks Passively
1) M1 Finance - Buy stocks & ETFs automatically:
https://theminoritymindset.com/m1
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➤ Life Insurance
2) Policygenius - Get a free life insurance quote:
https://theminoritymindset.com/policygenius
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➤ Real Estate Investing Online
3) Fundrise - Invest in real estate with as little as $10!
https://theminoritymindset.com/fundrise
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