180. The Money Mindsets You Need to Go From $0 to $1M | UpFlip Podcast
Description
Jaspreet Singh grew up in an immigrant household where success only comes in two options: becoming a doctor or a lawyer. However, despite the heavy expectation from his parents, Jaspreet always has a business mindset. From throwing college parties as a side hustle to building a financial media empire (including a 2M+ subscriber YouTube channel), Jaspreet proved that a high-paying job is not the only way to gain financial freedom — (he even became a licensed attorney and proceeded to never practice law in his entire life, just to prove to his parents that entrepreneurship was his true calling!)
In this episode, he breaks down the gritty realities of business growth: how to fund your dreams without traditional business funding, the habits you need to get rid of to get out of a rut, and the mindset shifts that separate the wealthy and the rest. Whether you’re battling self-doubt or scaling your business, Jaspreet’s no-BS advice will help you in your hustle.
Takeaways
- It's not about how much money you make, but how you think about money.
- Success meant becoming a doctor due to traditional upbringing.
- The first real business was an entertainment company.
- Mindset is crucial for overcoming business challenges.
- You have to be morally aligned with your business.
- Every business requires understanding marketing, sales, and operations.
- You will face hurdles, and how you handle them matters.
- Passion is important, but it shouldn't overshadow profitability.
- Learning from mistakes is essential for growth.
- You need to keep trying and adapting to succeed. Reinvesting profits wisely is crucial for business growth.
- Learning from mistakes is a vital part of entrepreneurship.
- Having a clear end goal helps in reverse engineering success.
- Creative funding methods can help startups with limited capital.
- Hiring the right talent is essential for a successful team.
- Avoid complacency and stay hungry for growth.
- Reflect on mistakes to improve future decisions.
- Transition leisure time into productive learning activities.
- Think bigger and set ambitious goals for your business.
- Anyone can become wealthy with the right mindset and effort.
Tags: Business mindset, Service & Consulting, Business growth, Side hustle, Business funding
Resources:
- Start Your Business Today: links.upflip.com/42kYLBT
