“If your goal is to get rich quick, you should not be buying stocks.”
In this episode, Jaspreet lays out why jumping blindly into the stock market can be a huge mistake, especially for Millennials riding the hype wave:
Why getting rich quick in stocks is not a sustainable strategy
How the pandemic created a dangerous “gambling mindset” among new investors
Why stock market psychology matters just as much as stock market strategy
How emotional investing can kill your gains (even if you pick good companies)
The importance of building an emergency fund and paying off high-interest debt first
Why you should only invest money you’re willing to lose
The right way to start: passive investing vs. risky trading
How to tell if you’re better suited for long-term investing or short-term trading
Why understanding your strategy before you invest is critical to success
If you're serious about growing your money, not just gambling with it, then this episode is your starting point.
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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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On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
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