Minority Mindset
@minoritymindset·2.5M subscribers·2.4K videos
Exposing Financial Illiteracy | What Do You Know About Money? Minority Mindset - Jaspreet Singh
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September 30, 2016
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. There is a big divide between the rich and the poor, so I went on a mission to see what people know about money. If you enjoyed it, share it!
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QUESTION: What's worth more: a dollar today or a dollar tomorrow?
Answer: A Dollar Today
Explanation
QUESTION: What's Inflation?
Answer: When the cost of goods go up and the value of money goes down.
Explanation
QUESTION A pack of gum costs $1 today & inflation is 3% a year. How much will the pack of gum cost a year from today?
Answer: $1.03
Explanation
Retirement Questions
Answer: Millenials expected to need $1.8 million to retire
Explanation
Lottery Question
Explanations
QUESTION: Where should you keep your money so your money doesn't lose value?
Answer: Wherever your money can grow faster than inflation (~3%)
Explanation
The Minority Mindset has nothing to do with the way you look, your ethnicity, or your background. It's a mindset. Give the majority $200 and they will come back with a pair of Jordan's, but if you give the minority $200 they will come back with $2000. #ThinkMinority #MIH #FinancialLiteracy
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Exposing Financial Illiteracy | Minority Mindset - Jaspreet Singh
What do people know about money?
Based in Detroit.
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 - 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.