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On Today's Episode: You are not alone if the recession has you nervous about what to expect. People have real concerns about whether or not they\u2019ll be able to afford groceries, gas, and even rent! \nFor sure you\u2019ve heard that millionaires are made in recessions, but how?\nJaspreet Singh is joining Tom for a second time to get you up to speed on what it takes to get wealthy during any recession. Jaspreet is the Minority Mindset guru and Chief Money Nerd at Minority Mindset Companies. He\u2019s been creating financial education videos on YouTube for years and is breaking down all the reason you don\u2019t have to be scared during a recession\nIt\u2019s all about assets and equity. The trick is that you have to know what assets to buy and how to chill long enough to allow equity to grow its way to wealth. Recessions create buying opportunities for people with capital or money that know what to buy to come out on top.\nJaspreet is a voice of reason to remember that recessions are only bad or good in relation to which side of the equation you are on. This is a must watch if you\u2019re trying to find the best route through a recession that has most people nervous and panicked.\n\nSHOW NOTES:\n0:00 | Introduction to Jaspreet Singh\n0:14 | Recession Opportunities That Build Wealth\n23:15 | Smart Ways to Invest In Any Market\n39:11 | The Mindset Trap Killing Your Wealth\n48:52 | Only 3 Reasons to Save Money\n1:00:49 | Building Wealth Feels Boring AF\n1:17:02 | Equity Is the Name of the Game\n1:28:32 | Investing Against Debt\n1:43:23 | When to Use Tax Advisor\n1:57:10 | 8 Financial Concepts Tom Learned\n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nWant to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.\xa0\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\nLearn more about your ad choices. Visit megaphone.fm/adchoices