1. Track Every Dollar You Spend

The first step in controlling your money? Know where it’s going.

Review last month’s bank, credit card, and debit card statements. Categorize your spending into four main buckets: housing, automobile, eating, and everything else. This simple act opens your eyes to leaks in your financial pipeline.

Build a personal financial statement that tracks:

• Total income
• Fixed and variable expenses
• Savings rate
• Investment contributions
• Charitable giving

Awareness is the first step to change.

2. Build a Simple System That Works Automatically

Great finances don’t require great willpower they require systems. We recommend setting up three separate bank accounts:

• One for spending
• One for investing
• One for savings

Then apply the 75-15-10 rule:

• Spend 75% of your income on needs and wants
• Invest 15% for future growth
• Save 10% for emergencies and near-term goals

Automate these transfers the way your job automates tax deductions. That way, you don’t even have to think about it.

3. Make Your Money Work Harder Than You Do

Saving is not enough. If your money isn’t growing, it’s shrinking in real terms.

The key to building lasting wealth is to invest in assets that generate cash flow. It’s about moving from working for money to having your money work for you.

Focus on:

• Dividend-paying ETFs: These funds pay quarterly income and can be reinvested to maximize long-term returns.
• Rental real estate: With the right property, tenants cover the costs, and the profit goes to you.

Every dollar you invest today has the potential to create dollars tomorrow. That’s how wealth is built.

4. Invest for Cash Flow, Not Just Net Worth

You can’t pay bills with your net worth—but you can with income from cash-flowing investments.

Real estate creates monthly income through rents. Dividend ETFs give quarterly payouts. Reinvesting these earnings compounds your returns over time, creating a snowball effect.

That’s the mindset shift: don’t just buy assets buy income.

5. Commit to a Decade of Sacrifice

True wealth doesn’t show up overnight. The speaker introduced the concept of a decade of discipline.

• Spend less.
• Earn more.
• Invest consistently.

In the first few years, progress feels slow. But by year four, you’ll see momentum. By year ten, your financial reality could be unrecognizable.

Just like building a strong body requires time at the gym, building wealth requires time in the market and habits that don’t break when life gets uncomfortable.

6. Know the Risks—But Don’t Be Paralyzed by Them

All investments carry risk. That’s the game. But smart investors educate themselves, conduct due diligence, and plan for the long term.

Don’t follow every TikTok finance “guru” or gamble on the hottest crypto. Build a strategy aligned with your risk tolerance and goals.

Losses will happen. But over time, discipline and informed decisions win.

7. Stay Educated and Ahead of the Curve

Staying informed is half the battle. That’s why the speaker promoted Market Briefs, a free daily newsletter covering the economy, stocks, housing, crypto, and global trends.

It’s a great way to understand market signals and spot opportunities early. Subscribers also get access to an investing master class to sharpen their skills and uncover new strategies.

Final Thoughts

Wealth doesn’t come from guessing. It comes from knowing, systematizing, and investing consistently over time. If you:

• Track your money,
• Create a system that works,
• Put your money to work in income-producing assets, and
• Stay disciplined for a decade…

You won’t just have a better bank account—you’ll have a better life.

Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but he is not providing you with legal advice in this article. This article, 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.

The post A Step-by-Step Guide to Managing Money and Building Wealth appeared first on ROI TV.

Diversify to Win in Any Market
No investment goes straight up forever. Real estate can crash. Stocks can take a nosedive. Crypto? You already know that rollercoaster. But when you’re diversified across different asset classes, you can win whether the economy is booming or busting. My goal is always the same: make sure I can win no matter what.

Real Estate That Pays You Monthly
I don’t buy homes to live in—I buy real estate that pays me every month. If I pick up a rental for $200,000 and rent it for $2,000 a month, after covering taxes, insurance, and management fees, I could be clearing $14,000 a year. That’s the kind of cash flow I’m after. And real estate also gives you big tax breaks—like depreciation and 1031 exchanges—so I keep more of that money in my pocket.

Cash Flow from Businesses and Dividends
Owning a business is one of the best wealth-building tools out there. Whether you run one or invest in one, it gives you leverage and income. Don’t want to run a business? Cool. Invest in dividend-paying stocks. Companies like McDonald’s paid out over $5 billion in dividends this year alone. I like ETFs like SCHD, NOBL, and VM because they give me exposure to cash-flowing companies without having to pick individual stocks.

Investing for Growth
I like to go on offense too, and that’s where growth investing comes in. I invest in funds like QQQ, VUG, IWF, and even niche stuff like AIQ and QTUM. These target industries with high upside like AI, tech, and quantum computing. They don’t pay me today, but they’re planting seeds for big returns tomorrow.

Going Global
If you only invest in the U.S., you’re missing half the world. Countries like India and Brazil are growing fast. I use international ETFs like VMI, VA, EMG, and specific ones like INDA and EWZ to get exposure to those markets. That way, even if the U.S. economy slows down, I still have opportunities growing overseas.

Speculative Assets (Use With Caution)
Now let’s talk about the wild stuff—crypto, startups, collectibles. This is the riskiest slice of my portfolio, and I keep it to 10-20%. If I lose it, I’m good. If it pops, great. I treat it like venture capital. If you’re new to investing, skip this stuff until you’ve built a strong foundation.

Why I Hold Gold
Gold is my insurance policy. It doesn’t produce income, but it holds value when everything else gets shaky. I’ve got 2% of my portfolio in physical gold. Not paper gold—real gold I can touch. It’s not flashy, but it helps me sleep better at night.

Invest in Yourself First
Before you invest in assets, invest in your brain. I didn’t grow up learning this stuff. I had to read books, watch videos, and dive into financial education. That’s why I started Market Briefs—to make it easy for you to stay updated without spending hours researching. The more you learn, the more you earn. Period.

Tax Benefits for Business Owners
The tax code is written for business owners. I deduct travel, meals, my car—because I use them for business. If I take a trip to Hawaii and I’m working while I’m there, that’s a business expense. This isn’t tax evasion. It’s playing the game by the rules. And wealthy people know the rules.

Final Word
If you want to stop working for money, you need to start using your money to buy the right assets. These seven investments—real estate, stocks, dividend funds, growth stocks, international exposure, gold, and yes, even some speculative bets—are how I build long-term wealth. But remember, this is just my plan. You’ve got to build a strategy that works for you. The key is to start. Start small if you have to, but don’t wait.

Stay smart. Stay educated. Keep hustling.
— Jaspreet Singh
Founder, Minority Mindset

Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but he is not providing you with legal advice in this article. This article, 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.

The post 7 Investments So You Don’t Have to Work Again appeared first on ROI TV.