Silicon Valley Bank MELTDOWN Explained | How to PREPARE for the RECESSION | Jaspreet Singh

Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours. Silicon Valley Bank closed its doors today. Within 48 hours, a panic induced by the very venture capital community that SVB had served and nurtured ended the bank’s 40-year-run.

Regulators shuttered SVB Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. The company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. What followed was the rapid collapse of a highly-respected bank that had grown alongside its technology clients.

You are not alone if the recession has you nervous about what to expect. People have real concerns about whether or not they’ll be able to afford groceries, gas, and even rent!

For sure you’ve heard that millionaires are made in recessions, but how?

Jaspreet 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’s been creating financial education videos on YouTube for years and is breaking down all the reason you don’t have to be scared during a recession

Jaspreet 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’re trying to find the best route through a recession that has most people nervous and panicked.

Follow Jaspreet Singh:
Website: https://theminoritymindset.com/about-us/
YouTube: https://www.youtube.com/@MinorityMindset
Instagram: https://www.instagram.com/minoritymin...
Twitter: https://twitter.com/minoritym1ndset
Facebook: https://www.facebook.com/MinorityMind...

Learn how to build IRONCLAD discipline in this free workshop:
https://bit.ly/3QGo7ln

Sponsors:
Visit http://www.RealVision.com/ImpactTheory to save 20% on a full year of access to The Real Vision Academy.
Visit http://www.srimu.com/impact to unlock 10% off artisanally crafted NOT cheeses made with plant based ingredients for a delicious new take on the cheeses you adore!
Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase! 
Visit my sponsor Future: https://tryfuture.co/Impact to try your first month for $19 and make 2023 the year you crush your fitness goals.
Go to our sponsor Viome https://tryviome.com/impact to get 20% off your first 3 months and free shipping - learn if inflammation is causing your issues!
This episode is sponsored by BetterHelp. Give online therapy a try at http://www.betterhelp.com/impacttheory and get on your way to being your best self.
Get $500 off Peloton Tread Packages that come with accessories like a heart rate band, workout mat and non-slip dumbbells. Just go to onepeleton.com to get the deal.
For listeners of the show, Calm is offering an exclusive offer of 40% off a Calm Premium subscription at http://www.calm.com/impact. 
Go to http://aura.com/impact for a 14 day free trial to see if your personal information has been leaked online.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours. Silicon Valley Bank closed its doors today. Within 48 hours, a panic induced by the very venture capital community that SVB had served and nurtured ended the bank’s 40-year-run.

Regulators shuttered SVB Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. The company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. What followed was the rapid collapse of a highly-respected bank that had grown alongside its technology clients.

You are not alone if the recession has you nervous about what to expect. People have real concerns about whether or not they’ll be able to afford groceries, gas, and even rent!

For sure you’ve heard that millionaires are made in recessions, but how?

Jaspreet 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’s been creating financial education videos on YouTube for years and is breaking down all the reason you don’t have to be scared during a recession

Jaspreet 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’re trying to find the best route through a recession that has most people nervous and panicked.

Follow Jaspreet Singh:

Website: https://theminoritymindset.com/about-us/

YouTube: https://www.youtube.com/@MinorityMindset

Instagram: https://www.instagram.com/minoritymin...

Twitter: https://twitter.com/minoritym1ndset

Facebook: https://www.facebook.com/MinorityMind...

Learn how to build IRONCLAD discipline in this free workshop:

https://bit.ly/3QGo7ln

Sponsors:

Visit http://www.RealVision.com/ImpactTheory to save 20% on a full year of access to The Real Vision Academy.

Visit http://www.srimu.com/impact to unlock 10% off artisanally crafted NOT cheeses made with plant based ingredients for a delicious new take on the cheeses you adore!

Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase! 

Visit my sponsor Future: https://tryfuture.co/Impact to try your first month for $19 and make 2023 the year you crush your fitness goals.

Go to our sponsor Viome https://tryviome.com/impact to get 20% off your first 3 months and free shipping - learn if inflammation is causing your issues!

This episode is sponsored by BetterHelp. Give online therapy a try at http://www.betterhelp.com/impacttheory and get on your way to being your best self.

Get $500 off Peloton Tread Packages that come with accessories like a heart rate band, workout mat and non-slip dumbbells. Just go to onepeleton.com to get the deal.

For listeners of the show, Calm is offering an exclusive offer of 40% off a Calm Premium subscription at http://www.calm.com/impact. 

Go to http://aura.com/impact for a 14 day free trial to see if your personal information has been leaked online.

Learn more about your ad choices. Visit megaphone.fm/adchoices