How to Break Free from the System and Build Real Wealth
Minority Mindset Podcast | July 10, 2025
The reality is that financial literacy is systematically omitted from mainstream education. Why? Because an uninformed population is easier to control financially. The average person is taught to earn, spend, borrow, and repeat—without ever learning how money, inflation, interest, or assets truly work.
When Jaspreet Singh moved his money from one bank to another, the staff panicked—not because they cared about him personally, but because his money funded their lending and profit system. The moment you begin thinking independently and questioning the financial status quo, you become a threat to the system that thrives off your debt, spending, and ignorance.
High-income professions like medicine and law are often seen as the golden ticket to wealth. But today, many six-figure earners are buried in debt, unable to escape their financial hamster wheel. Why? Because they spend more as they earn more, equating appearance with success.
To truly become wealthy, you must break away from the majority mindset. Stop chasing prestige. Start chasing financial literacy. Invest in yourself. Understand the difference between income and wealth. Wealth is freedom—freedom of time, choice, and opportunity. And it starts with questioning everything you were taught about money.
Lesson #1: The Rich Understand Assets vs. Liabilities
One of the most powerful financial shifts you can make is learning how to categorize your spending into assets and liabilities. An asset puts money into your pocket—passively. A liability takes money away, even if it seems glamorous or necessary.
Let’s break down the most misunderstood examples. A house, often touted as your “greatest investment,” is actually a cash-flow negative liability for most. Mortgage payments, property taxes, repairs, renovations, insurance—none of that builds income. It drains it. Yes, homeownership offers security, but don’t be fooled into thinking it creates wealth unless it generates rental income.
Cars are another sinkhole. The moment you drive a brand-new vehicle off the lot, it loses value—often 20% in the first year. And while most people see monthly payments as normal, those payments could have been invested to build real assets.
Even cash—which feels “safe”—is losing buying power every day due to inflation. Holding too much cash long-term is like watching your money melt.
If you’re serious about financial freedom, adopt this mindset: buy assets first, then let those assets pay for your liabilities. Invest in rental properties, dividend-paying stocks, or businesses. Let your money work for you—not the other way around.
Lesson #2: Saving Alone Won’t Make You Wealthy
Saving is essential—but it’s just the beginning. You cannot save your way to wealth. Many people begin their financial journey by cutting back: no more lattes, no fancy dinners, no vacations. While that’s a smart first step, saving has a ceiling, whereas income and investments have no cap.
Think about it. If you make $50,000 a year, the absolute max you can save is $50,000. But if you shift your focus to growing your income, you can break that ceiling and enter a new league of financial opportunity.
This doesn’t mean you should abandon frugality. Instead, reframe it as a temporary phase. Use it to build your emergency fund and gather seed capital for investments. Then shift your focus to earning more and growing smarter.
That’s where entrepreneurship, freelancing, investing, or even a side hustle come in. You’re not just saving money—you’re building engines that generate more of it.
Eventually, once your income streams are secure, you enter the third phase: intentional spending. This doesn’t mean splurging—it means spending in a way that adds value to your life, frees your time, and aligns with your goals. Because true financial freedom is about control—not restriction.
The Wealth Building Pyramid
Stage | Description | Goal |
Saving | Cut expenses, avoid debt, build emergency fund | Survive |
Growing | Invest, increase income, build cash-flowing assets | Thrive |
Spending | Buy time, invest in joy and purpose, give and manage wealth wisely | Live & Fulfill Purpose |
Lesson #3: Develop a Growth Mindset
The growth mindset is the foundation of all wealth. While most people think in terms of limits, wealthy people think in terms of expansion.
Instead of saying, “I can’t afford it,” start asking, “How can I afford it?” That small mental shift unlocks creativity and opportunity. The truth is, you don’t need to have money to begin—you need to have resourcefulness.
Jaspreet’s journey started with education. He didn’t have money to invest in real estate, so he attended free seminars, became a real estate agent, and built relationships with mentors. When he learned about wholesaling (flipping real estate contracts), he invested $3,500 in a course—a big sum at the time—and turned that into tens of thousands in returns.
Your income will never outgrow your mindset. If you believe you’re too broke, too late, or too unqualified, you’ll unconsciously sabotage every opportunity. But if you see every problem as a puzzle to solve, the game changes.
Be willing to spend money to make money. Take that course, pay for coaching, hire experts. Think like a business. The most valuable investment you’ll ever make is in yourself.
Because if you don’t bet on you, who will?
Lesson #4: Your Car is Driving Your Wealth Into the Ground
Most people don’t realize how destructive car ownership can be to their long-term wealth. The average American car payment is over $700/month, and with insurance, gas, and maintenance, it quickly becomes a $1,000/month liability.
If instead you took that money and invested it monthly at a modest 8% return, you’d have over $1 million in 40 years—and over $3.5 million in 50 years. That’s the real cost of driving a “nice” car you can’t afford.
Worse, people repeat this cycle every few years. As soon as the car is paid off, they trade it in for a new one—starting the debt clock all over again. This behavior is normalized by car companies and banks, but it’s a wealth killer.
The solution? Buy used. Buy reliable. And pay in cash if possible. If you can’t pay for it outright, you can’t afford it.
Drive the car you need now—invest for the car you want later. You don’t need a luxury car to look successful. The truly wealthy prioritize financial freedom over fake status.
And when your assets are finally paying you? Let them buy the Lamborghini.
Lesson #5: Cash Is a Liability in Disguise
In a high-inflation world, saving too much cash is like pouring water into a leaky bucket. It feels safe, but your purchasing power is quietly draining every year.
Your savings account might offer 0.01% interest, but inflation is 3–8% or more, depending on the year. That means your money is losing value every second it sits idle.
How Inflation Kills Your Savings
Year | $10,000 Savings Value Adjusted for Inflation (3% avg) |
0 | $10,000 |
10 | $7,441 |
20 | $5,541 |
30 | $4,126 |
So how should you treat cash? Jaspreet suggests a clear three-part framework:
- Emergency Fund: 3–12 months of living expenses.
- Planned Purchases: A house, car, or wedding? Save for those intentionally.
- Investment Reserves: Keep dry powder ready to jump on opportunities.
Anything beyond that? Invest it. Don’t stash cash—put it to work.
But beware: “investing” doesn’t mean throwing money at the next meme stock or crypto trend. It means calculated, educated decisions. That might be real estate, index funds, dividend stocks, or even starting a small business.
The ultimate goal is to transform cash into assets that produce more cash. Then, reinvest that cash to build your wealth snowball. Because in today’s economy, cash isn’t king—cash flow is.
Lesson #6: Money Is Just a Tool—Not the Goal
Money isn’t the finish line—it’s the vehicle to reach it. Without purpose, more money only amplifies emptiness.
Jaspreet outlines the Quadrifit Theory, a four-part framework for a meaningful life:
- Physical Fitness – Health is wealth. Without it, nothing else matters.
- Mental Fitness – Emotional resilience, joy, and stability are non-negotiable.
- Spiritual Fitness – Your “why.” What drives you to wake up and push forward?
- Financial Fitness – The amplifier. Money gives you freedom to nourish the other three.
You can be rich and miserable. Or broke and deeply fulfilled. But the sweet spot? Having balance across all four pillars.
If you’re sacrificing your health, sanity, or purpose just to make a dollar, you’ll burn out. But if you use money to buy back your time, fund your passions, or support causes you believe in, it becomes a powerful tool for good.
Stop treating money like a god or a demon. It’s neither. It’s a tool—like fire. Use it wisely, and it warms your home. Use it recklessly, and it burns it down.
Lesson #7: Stop Climbing the Corporate Ladder—Start Building the Wealth Ladder
The corporate ladder promises stability—but often leads to a glass ceiling and burnout. Meanwhile, the wealth ladder offers freedom, but requires a different mindset.
Climbing the corporate ladder (worker → executive) means higher income—but also higher taxes, more hours, and more stress. Climbing the wealth ladder (investor → owner) means building passive income streams that work while you sleep.
Consider Coca-Cola. Its CEO makes ~$17 million/year. That’s huge. But Warren Buffett made $650 million in dividends from Coca-Cola stock in the same year—without working there a single day.
That’s the power of ownership.
You don’t have to be Buffett. You can start by owning:
- Index funds or dividend stocks
- Rental properties
- A cash-flowing business or franchise
- Digital assets like YouTube channels or e-commerce stores
The Trap: Credit Scores Are Not a Wealth Strategy
Improving your credit score isn’t bad—but using it to access more debt for liabilities is.
A $100,000 credit limit means nothing if:
- You’re financing a lifestyle you can’t afford
- You have no assets or passive income
Instead of flexing with luxuries you owe on, start building a portfolio you own.
True wealth = financial freedom + no stress about money.
The Debt Cycle That Keeps You Poor
Most Americans finance liabilities:
- Home renovations
- New cars
- Expensive vacations
- Name-brand shopping
This results in:
- $8,000/year average in interest payments
- No investments
- Perpetual struggle
Break the cycle: Buy assets first. Let them pay for your luxuries.
Final Thoughts: Flip the Script and Rewrite Your Financial Future
You are not destined to be poor—but if you follow the traditional script, poverty (or financial struggle) is almost guaranteed.
Here’s how to win:
- Understand the system is rigged to benefit the informed.
- Invest in assets, not image.
- Think long-term, act now.
- Stop saving to feel safe—start investing to be free.
- Educate yourself, always.
“What you own does not make you wealthy unless it’s putting money in your pocket.”
The point is this: stop working only for money. Make money work for you.
Use your 9–5 to fund your 5–9. Build assets on the side until your asset income covers your lifestyle. Then you can choose whether you want to keep working—or walk away.
That’s freedom. That’s wealth.
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