👉🏽 My Intentional Spending Tracker (free) - nischa.me/intentionalspendingtracker

@ieo92

Жыл бұрын

Hi Nischa, my name is Ifeanyi. Love the video and I just subscribed. I need clarification: is the buffer/stockpile strategy when you save like 10% of income for like 3-6 months and then use it to invest in stock?

@Nikki20329

Жыл бұрын

Okay right now m an unemployed, when I'll start earning myself, i definitely will watch your video complete.

@tru3sk1ll

Жыл бұрын

Best advice I ever got was when I was 21, they said "no matter what you make, always put 6% into retirement", they showed me all these calculators, and the value of $1,000 at different levels and I was sold, I'm 47 now and have almost 1 million dollars saved by just blindly putting in the 6%, investing in "general funds" and "letting it ride" so to speak, best advice I ever got and now I am my own bank, if I need a loan I borrow from myself, and I pay myself back interest, great thing to do when the stock market is on a downward swing

@S_adhon

Жыл бұрын

first time i see your videos .....

@nathanthomas8184

Жыл бұрын

CAT lifes vs DOG lifes, when a human understands these 2 you will learn how 2 skin a cat & fetch the paper

Those tips are helpful, but the most helpful tip is to being born in a wealthy family. Many many people are not poor because of their own bad behaviour but because it is difficult to escape the system. Having financial problems atm myself, I don't see how to safe 3-6 months of expenses if my income barely covers my costs

@rasheed5457

Жыл бұрын

A lot of truth in your words. If you are serious about managing your money (even if it is as all amount at first) and have patience and discipline , you might be surprised at just how well you could do 😊

@fermatslasttheorem6298

Жыл бұрын

That’s because this kind of advice doesn’t really work with people living in extreme poverty. If you set some money, aside for savings first, and then pay your bills later, you might not even have enough money to actually pay all your bills. So this advice would not work if you do not make some amount of money.

@sweetangeleta

Жыл бұрын

I so agree with you. I did save 10% of my small earnings, but we, being a family of 5, problems appear where one has to put hands on the savings! Financial difficulties are higher than one's income these days!! These Tips are very good for a single or a couple not for families where only one person earns and the partner hardly finds a job, even an odd job!

@liateapot2313

Жыл бұрын

Same here. 27. Barely beginning to see daily MEAL. It's a very nice day if there's daily MEALS. Body is so damaged from childhood poverty living that i can't keep jobs for long since they break my body a little each time (currently with two broken ribs and very damaged foot). Had to drop out of high school to help with money. Always been living pay cheque to pay cheque. No foundation to rely on on but myself. My phone is from my friend who got tired of me no having anyway to contact anyone if i wasn't home to use discord on wifi after five years. The only escape i can see is using my talents but even then that is a huge questionmark But i still consider all this hurtful inconviences and not suffering. I will overcome with God's strength♡

@hotsauce4dayz222

Жыл бұрын

There also comes a point of personal responsibility

I grew up always being warned by my parents "live below your means". In other words, rather than buying whatever you CAN afford, instead buy items at price points a little bit lower than that. So if you can afford a $500,000 house, aim for one at $400,000 or $300,000. If you can afford a brand new $30,000 car, buy something cheaper like a $20,000 or a used vehicle. It means they you can still live a great life but you will never be stretching yourself thin and can actually build savings and invest in your future.

@j3anmari3

Жыл бұрын

This is great advice

@mj8495

Жыл бұрын

And it is not price alone, buy quality that will last longer and cost less to maintain. Sometimes that means waiting until you can afford the better quality product

@johnlyndsay

Жыл бұрын

@@mj8495 100%

@johnlyndsay

Жыл бұрын

@@j3anmari3 the best EVER advise.

@bc_usa

Жыл бұрын

@@mj8495 Buy once cry once.

It makes good sense to automate savings. I would not automate spending, because it is a good way to lose track of what is going out

@carmenramos528

9 ай бұрын

Interesting

@marialee1565

9 ай бұрын

I have been working with this company for over two years and they're the best investment guidance that guarantees my ROI. I am a huge fan of their portfolio manager because he always invests in the right stocks and trades at the right time so that I can get the best ROI possible. He is also a great person to talk to if you want to learn more about investing.

@marialee1565

9 ай бұрын

He often interacts on Telegrams with the user name below

@marialee1565

9 ай бұрын

Brianpearcefx

@carmenramos528

9 ай бұрын

I just looked up this person out of curiosity and I'm super impressed with his Intelligence. Also I was able to contact him. Thank you so much

Now we just need to see the Blcktken300 price also move in the same direction as these charts. Up. Very Up.

i just made the “pay yourself first” switch a couple weeks ago after being desperate to save up enough to move. i realized i wasn’t gonna save anything major by just saving what’s left over. now i SPEND what’s left over. it’s harder but it’s so worth it and i’m so proud of myself

@jenb4799

Жыл бұрын

yes, I found it a hard switch at first, but hard choices make an easier life!

@djsensacion7

Жыл бұрын

I actually did this, but instead of the money just sitting in a Savings account not doing nothing, Once I reached $1,000.00 i put the money in a Secured Credit Card to help boost my credit.

@kj7653

Жыл бұрын

You deserve to be proud of yourself. Good job!

@mariaschafer9427

Жыл бұрын

@@djsensacion7 Yes, great choice if you need to recover and rebuild your credit. If you are regularly spending (and paying off the balance each month) on the card, then it's still time to pad your savings account too!

@counterleo

Жыл бұрын

If by moving you mean buying a property, and you are a first-time buyer in the UK, I would suggest looking at the Lifetime ISA. Maxing it out each tax year has become my first priority when it comes to "paying myself first".

I’m a corporate finance professional. Over the years I’ve seen many accountants remain poor as well. Aside from better financial upstanding and literacy. The biggest factor I believe is discipline. People really struggle with it.

@jossyj1

Жыл бұрын

🎯

@elbb6623

Жыл бұрын

You don’t need a education or study to know what keeps you poor. Easy, high rents and other high expenses.. grocery become more expensive while the salary stay the same

@jb7797

Жыл бұрын

@@elbb6623 the best solution for this right now is family helping each other out.

@AnnaPugacova

Жыл бұрын

Agree!!!

@silverstar4289

Жыл бұрын

Yes, a friend has a cousin who is a finance professor. He asks him “why don’t you have any mo eye?”

This beyond amazing. Whoever’s reading this hope you find success.

@svenoliver6040

6 ай бұрын

I am fortunate I made productive decisions that changed my life forever through my finance mentor. I'm a single parent living in Bn Italy, bought my second house in April and hoping to retire at 40 next year.

@svenoliver6040

6 ай бұрын

To possibIy grow your finance, a mentor is needful to make it a reality. I engage in aIot with the ldeas of my mentor and so far have achieved so much already.

@svenoliver6040

6 ай бұрын

sear ch her fuII name beIow, if you care

@svenoliver6040

3 ай бұрын

*Rebecca Martin Watson.*

Hi Nischa I am a financial advisor and have recently started following you and got to say I love the content. The biggest plus was the strength you showed when you weren’t getting enough views but you kept going. Hats off

Three things i will add on. 1. Never get a credit card if you're clumpsy in financial management. Credit card comes with financial decipline. If you are ready to decipline yourself then go head or else don't get it. 2 Avoid food which says ' Content added sugar' in super market. This single decision will keep you healthy and wealthy 3 Save for passion. Have passion for which would like to spend. This will motivate you to save. Plan your spendings.

@auntlalanyc

Жыл бұрын

Pay your credit card bills every month.

@silviamouret3689

Жыл бұрын

prepaid credit cards are much cheaper than ordinay credit cards an you spend only whats on it

@fredbecker607

Жыл бұрын

​@@auntlalanyc most people don't have the discipline to do that. If you are disciplined, it can work.

@jimflagg4009

Жыл бұрын

@@auntlalanyc Yes. I think everyone should have a credit card because there are times you will need it like if you break down and don't have cash. Just keep it payed off. Never charge something you could not afford to pay in cash. If you need something like a car or a wedding ring then there are other better financing options for those.

@tekknorat

Жыл бұрын

I'll add one thing: just be rich.

Finances are like nutrition. If you don’t care about it, it runs away with you and you can never get ahead and focus on the OTHER things that matter. When you care about your finances you are in essence making yourself healthier as you would by eating better, exercising or learning.

@brunospasta

Жыл бұрын

Dont agree. I dont care about finances and are very happy about having one less thing to care in my life : )

@EmmanuelKMichael

Жыл бұрын

​@@brunospasta ignorance is a bliss

@brunospasta

Жыл бұрын

@@EmmanuelKMichael It is! Choose your "battles". You cant focus on everything. Then again, some might not have the luxury to ignore their financial situation. So my statement is coming from quite the privileged point.

Based on my experience with saving, here are my thoughts: -It's all about a mindset. Stop following the trends in fashion, electronics, cars, etc. Just get what is suitable and works for you. Don't buy expensive clothes or brands. Use your phone until it reaches its maximum lifespan of around 4 to 6 years. -Cook at home as much as possible. Plan to eat outside two times per month, for example. -Buy from the wholesale market at the lowest possible price. Get enough quantity to cover almost 20 days of the month. For example, canned foods that you use in cooking. -Don't spend your money to look rich, or you'll end up bankrupt. -Avoid debt as much as possible.

This was incredible an awakening I have never experience. I was in a vibrational frequency I have never experienced before . This is powerful. ❤

Me and my partner both worked but we have always lived on one income, saving and investing the other just in case anything happened and one of us lost our job, and so that we could retire early abroad. After 25 years of working we have retired abroad (12 yrs now) and are enjoying our life to the full. We worked hard for our money and we always make sure it works hard for us. We have never felt that we missed out on anything by trying to keep up with the latest trend - except maybe all the financial stress of being overstretched 😁

@kaurihinniganchambers3707

Жыл бұрын

who asked

@ribeyemgtow1783

Жыл бұрын

Did you work the same hours as him? Our money created mainly by him?

@YesJasonYes

Жыл бұрын

This is a good example of the power of paying yourself first and avoiding lifestyle inflation. So happy for you two. Thank you for sharing your story!

@Jaiem_

Жыл бұрын

@@ribeyemgtow1783 Maybe she earns more than him. I know plenty of women who earn more than their partner. Stop making misogynistic assumptions.

@martin4819

Жыл бұрын

I’m a single income household but if I was married this is exactly what I would do. It’s literally the easiest way to save/ invest by having that kind of mindset. Of course the one person would need to have a salary that would allow this which not every household has. Perfect example of paying yourself first. People don’t realize the power of compounding interest but that “power” doesn’t really kick in until u have a pretty sizable amount. The longer it takes to get there, time becomes a friend but not a best friend.

Habits are so important. Instead of get rid of "bad" habit, it's always easier to exchange "bad" habit, to better one.

@gracerod2038

Жыл бұрын

Why is so important to learn about habits!!!

@brianfrederickson2080

Жыл бұрын

Booze and tobacco will break you

@laukinis1990

Жыл бұрын

@@brianfrederickson2080 can agree was on a edge and sometimes still catch myself drinking few days in a row. Im still smoking that shit is killing me i feel it, but i dont understand with what i could change thas damn habit

So many people know these rules and still don't follow them due to a lack of patience and a desire to show off. I wish more people could focus on their wealth and happiness instead of pursuing the status game... Thanks for the content!

What valuable advice! Growing up with the mantra 'live below your means' is a wisdom-packed approach to financial well-being. The idea of intentionally choosing items slightly below what you can afford is a smart way to ensure financial stability and build a solid foundation for the future. It's a practical strategy that not only prevents stretching oneself thin but also opens up opportunities for savings and investments. This mindset is a timeless principle for achieving financial success and security. Thanks for sharing this insightful perspective that resonates with many seeking a balanced and sustainable financial life!

@praveenagounder1654

Ай бұрын

So wat u mean 2 say is...if i can afford a 50k car, i shal go 4 a cheaper1? So dat d job is done n also i dnt hav 2 wory abr mkng paymnts if im out of budget 4 instance??

I’m so thankful my parents thought me about budgeting and putting money aside for Emergencies. Those lessons have given me the opportunity to live comfortably and not worry about money problems.

@victorhardin2186

Жыл бұрын

That.. and being white.

@kofio7581

Жыл бұрын

​@@victorhardin2186 Why bring race into it?

@jimcanterak7349

Жыл бұрын

Yeah, what happens when you don't make enough to put aside? Rich people cannot understand a different perspective.

@daviddubois5913

Жыл бұрын

@@victorhardin2186 your ignorant because I’m not white lol.

@victorhardin2186

Жыл бұрын

@daviddubois5913 good for you want a cookie

can I also add: don't pay full price unless there's no alternative. Most stores have year round sales these days, and there are cyclical discounts such as Christmas sales, Black Friday, Summer sales etc where you can get deep discounts. It takes a bit of patience but if you wait for one of these opportunities to buy the thing you want, you can save so much (and never buy anything in a sale you wouldn't pay full price for!). There are also lots of places to buy second hand or refurbished goods that are as good as new, and many places where you can get things totally free, such as freecycle.

“The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.” - Robert Kiyosaki

@sunevanheerden

8 ай бұрын

Agreed YOU need to take control of your finances! Nischa thanks for inspiring me to start my own YT channel 🎉

@CoconutPete

8 ай бұрын

the one factor that is going to make a huge difference is hyperinflation and the globalist agenda of making everyone slaves. Who knows, maybe in the future nobody will have money or own anything. One of the evil globalist overlords once said "You will own nothing and you will be happy"

@DuskAndHerEmbrace13

7 ай бұрын

I think it comes from the word "to account for things" but okay sure.

Investing resources and making good returns is not as easy as it seems, there are a lot of things that aren't well taught in schools. The market crisis gave me my first millions, when people stayed away from hard times I made the most of it..many credits goes to Sir Trevor James Beckerman

@Jorgmiller

10 ай бұрын

This is superb information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this? Do you trade on your own?

@stefanodsica2522

10 ай бұрын

Not at all, I invest with Trevor James Beckerman. I have been monitoring my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.

@divonteschiller8788

10 ай бұрын

Search his full name

@divonteschiller8788

10 ай бұрын

Trevor James Beckerman

@divonteschiller8788

10 ай бұрын

You will find his webpage

Yes! Please cover tax breakdowns as I often struggle with it. Please cover more complicated scenarios e.g. full time + 2nd job/locum work etc

@beatbonjon1384

Жыл бұрын

Yes I would Lv to sell on eBay I work for minimum wage but if I sell on eBay will I be in a high tax with having 2 incomes 💁‍♂️

@VeraV

Жыл бұрын

yessss agreed!

@HariPrasad_Chepyala

Жыл бұрын

@@beatbonjon1384 0:47

@curstinw6420

Жыл бұрын

Yes so many have side hustles which makes taxes intimidating

@bill_jennings

Жыл бұрын

You, me, and everyone else struggle in this area, don't we? Peace

I’m so happy I found your channel. From a complicated career transition to becoming a full time student- I’ve lost my way with finances. Your videos have given me confidence and a drive to change. YES ON TAX VIDEOS!

@Saetang_

Жыл бұрын

Same here, let's kick back this year!

@bradleymaravalli2851

Жыл бұрын

Would love for a tax video.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

@ickleone33

6 ай бұрын

Never a TRUE words spoken. God bless you my man...

Hi Nischa - am really impressed by the clarity and honesty of your channel. I would be interested to understand your trajectory and how many income flows you had at different life stages, income per source and future investing plans. Thanks!

Nischa, thank you. I've heard a lot of these principles before, but the way you explained them (especially the real meaning of 'pay yourself first') has meant that I've really understood it. I felt it click in my brain. Thank you. You have a new subscriber. 👏🏼

I was expecting a stretched out 40 minute video. But you managed to keep it short, informative and extremely useful. Nice job!

I love You Nischa 💖💖 Your the best financial teacher! your direct, clear, to the point, and have smart counsel for others to follow. Love your channel and this video was excellent to help me improve my finances. Thank You so much! :)

This was so well done and helpful! I was just thinking about how much we need to understand taxes in our home as I was filing them and looking at the numbers. It’s reassuring to hear from a professional that it is indeed something to be mindful of and put time into. Thank you so much!

I started watching Nischa only a week ago and she is simply blowing up on KZread! Incredible. Awesome tips, straight to the point, and keeps you engaged. She has the magic! Great job!

Kudos! You are not only astute, but very articulate as well. Truly remarkable how so little common sense exists in today’s society in regards to acquiring money and investing for the future.

These tips are really helpful. I’m glad I found your channel because you’re a smart cookie!!!!❤️

Love the confidence boost when my money situation gets greener and greener :') Thanks for making this stuff Nischa!

YES YES YES, a video on taxes would be amazing. And any advice on where people can start educating and reading about it themselves 🙏Knowing how to legally reduce your taxes is soooo important. And obviously this information isn't lying around to be acquired easily. I myself have studied economics and it just baffles me that a lot of practical basic economics stuff isn't taught to everyone. I have recently started a side hustle with great potential and I have seen the growth and possibilities, so naturally I started expanding my knowledge about how to keep investing and keeping as much of the money I'm making. It takes a while to get a complete picture of everything you need to keep track of and to make it part of our lives. But when you do, the results are amazing. Keep up the good work.

thank you for these clear common-sense reminders but to get rich you are right to point out that we never exploit others. We are lucky enough to offer our employees a shared vision that hard work and purpose will deliver for us all .

I read that same book. My life turned around after that. Like you, I took accounting, and made my own balance sheet. I finally realized that the interest I was paying on my credit cards could have been used for a few vacations. In other words, I was paying for someone else’s vacation. My parents told me that I can pay a little at a time to the credit card company.

Yes to the tax breakdowns! I’m graduating nursing school next year and I want to be on top of my finances from the get-go. Thanks for the priceless knowledge ❤

@martin4819

Жыл бұрын

As someone who is 18 yrs into my career the best advice I can give is to do this: 1) pay off any consumer debt like credit cards. If u have student loans I’d just pay off the minimum unless they have really high interest rates like >6% for now 2) Definitely invest in your 401k to at least the amount they match because that’s a 100% return. 3) Have it set up that 4% ( or whatever isn’t a huge hardship) be automatically transferred from your checking to a savings each paycheck. Set a goal u want to reach in savings. Probably 10k is good but as u get older u may want to bump it up to 20k over time. This is your EMERGENCY fund for unexpected expenses like car repairs. This will hopefully insure u don’t have to carry over balances on your credit cards at 20% interest or whatever, which is a debt trap. 4) once u have an emergency fund then start to tackle student loans. 5) once your student loans are paid off and your emergency fund is at your set amount. Start putting that extra 4% into your 401k. In the meantime look up compounding interest calculators on the web and plug in some numbers, u will be amazed and how time is your biggest friend. For instance….going to make a lot of assumptions but let’s say u are able to start to put in 6% of a 90k salary in your 401k by the age 30 and u are getting an 8% return and u want to work 30 years….you would have over 600k! If u worked just another 5 yrs to 65 it would be 930k. In fact it would likely be much larger than this because you’d likely of been putting in 2% when u started to meet your match. Of course your salary would be larger over the years but those gains will be offset likely by inflation, that’s why with your 401k it’s important to contribute a percent and not a set amount. Anyways the point being the earlier u start the better……it takes a while to get a 401k to a large enough amount for the magic of compounding to happen but as u can see in just five years your 401k increased by 300k! Sorry if I am being verbose but I like to see young people succeed and make knowledgeable decisions.

@bobfeller604

Жыл бұрын

Max out your retirement contributions from day one.

@marinazagrai1623

Жыл бұрын

cpalacios...the idea is that when (not if) you start saving in your 20s, your savings quadruple by the time you are in your 50s (compound interest). Look at what is happening to 40yr olds - they were never told to save when they started their jobs (20 - 30s) and social security is running out in 8yrs. Talking of regular people not CEOs of major industry complexes.

1. I save constantly 2. Loans and debts, even instalments I hate (hence I minimize those) 3. I have stocks per my financial adviser’s guidance 4. I know my usual monthly expenses 5. Gaming is my only expensive habit which I place under control, I rarely spend much 6. I invest in business and private practice 7. Well… I cant control how my taxes go. It’s automatically deducted from my income 😂 8. I learned how to do investments in my 30s… I hope it’s not too late. 9. I care about my finances. I hate not having money 😂

@tonybrown9875

Жыл бұрын

Don't marry or cohabitate with women and you'll be able to retire in your 40s.

@rohitmeshram5249

Жыл бұрын

Better late than never. I am in my 30s too and i just started investing. Its not much, but making progress slowly and most importantly, steadily

@natehailu86

Жыл бұрын

Same here In my 30s . I really want to know abt investing. A less risky ones😅. Any advice?

@XerxesBreakSama

Жыл бұрын

@@natehailu86 i have a financial adviser who helps me out in making decision. like you, im not really confident in doing investments. lol

@Ashley-og9ti

Жыл бұрын

Um great for you ?

Very good timestamps, easy video to understand and you are explaining that stuff so simple. Keep up the good work and offer your knowledge to the younger people like me that we do not know these basic principles that criminally the school never taught us.

In the era we live it is almost impossible to save 10% of your salary first.

Extremely well said Nischa. This should be taught in school. We keep our food/energy/housing bills as low as possible and try to live a pure life. Most of the stuff we buy/spend money on are extremely unnecessary.

@robertmaxa6631

Жыл бұрын

Where I live in Canada, my total power bill, is 3 to 4 times the cost of actual usage. Free after fee, is tacked on. For the gas bill, our great leader makes us pay a carbon tax. In the winter, we need heat.

@yellowfrogcommunity

Жыл бұрын

@@robertmaxa6631 Nobody deserves to be cold, especially during the winter. These prices are not okay. Our members pay 0.04 USD per kWh.

@robertmaxa6631

Жыл бұрын

@@yellowfrogcommunity For example, if my "usage", was $50, my bill would be between $150, and $200. It's a good thing I live at home, or else life wouldn't be affordable.

@jonathan6665

Жыл бұрын

@@robertmaxa6631 its the same in Denmark where live. All included we pay over 50% in taxes.

@JwiseTheRealist

Жыл бұрын

The Matrix does not want this taught in school

As someone who, up to a few months ago, didn’t know the difference between a credit and debit card, these shorter videos are helping me a lot as I have so much to learn. I am 30 years old and was never allowed to work and as a result, didn’t manage any of the money I was given. When I became free, it was overwhelming to see how much I had to learn, and shorter videos like yours helped me freak out a little less. ❤. Thanks for helping a gal out.

@Rapha187

Жыл бұрын

30yrs old and not knowing the difference between a debit and credit card? Damn

@emiliaserra1333

Жыл бұрын

@@Rapha187 that's what I thought😭😭 I'm 16 btw and being taught this stuff

Here in Zimbabwe even people who are referred to as poor have side hustles whether it’s planting vegetables to sell, buying and reselling airtime, or getting chickens and breeding them for resale or to sell their eggs… or buying clothes from South Africa/China/UK on sale and reselling them in Zimbabwe… people here are so industrious-the motto for any seeming obstacle is “ We’ll make a plan” meaning we will find a way to do it or to get around this.

Yes, please do a video on taxes! Specifically relating to solo entrepreneurship and operating as an entity instead of an individual. Thank you 🙏🏻 love your channel

My dad came to the US when he was five and he did really smart investing when the market crash 2009. Im 26 and i feel so lost but i don’t want to have a corporate job i worked during the pandemic . i stayed in this job and quit when i didn’t see any promotions 4 years and it was frowned upon to quit .Now it’s the new thing to keep moving your job if their wasn’t potential.

@lessimcdowell9897

Жыл бұрын

Ill give you some advice, look into earning shares instead of wages through worker cooperatives even if you have to organize your own, contact the federation of worker cooperatives to see if anyone is organizing in your area currently

@modifiedjaymill

Жыл бұрын

Don’t fall for the okie doke, even CEO’s quit and go to different firms for better benefit or salary. The easiest way for a promotion is to find another job. Don’t feel obligated to any company they are just as much a resource as you are. You use them to eat the experience you need to make what you want or get better.

@samislam6842

Ай бұрын

​@@modifiedjaymill this is great advice!

I know most people feel trapped and hopeless, but every little tip really adds up over time. It’s like weight loss, takes a long time to put it on, long time to take it off. Thanks for sharing.

I appreciate your simple straight forward presentation... Thank You

Love the quality of your videos and the value you're providing! Thank you very much for your hard work.

Thank you, Nischa! All these habits are ones we can easily slip into and also ones that can be broken as well. It takes much discipline!

Thank you for making these videos. My 10 year old says she appreciates you posting on KZread because you are making it available to "people like us" and not just whoever can pay you for the in knowledge. ❤️

Thank you so much Nischa for this financial advice, I’ve been practicing a few of what you’ve mentioned and I must say it works

@user-ti3bp3nw6q

6 ай бұрын

I like the way Nischa produces and as an account with 35 years of experience I believe you can learn some saving ideas from me

I wasn't paying myself first, now i do thanks to you 😊 I even told my kid to do the same with the money earned babysitting . Start young!

Wow the volume of grateful comments is amazing, well done. I’m just realising that growing up within a family that ran a farming business taught me a lot of stuff that clearly others missed out on. Kudos to this channel for helping people be better with their money.

Came across your channel 2 months ago when I think you had less than 10k subscribers! Congrats on the INSANE growth. Nice to see some female representation in the personal finance space 💪🏽👍🏽

Me and my partner both worked but we have always lived on one income, saving and investing the other just in case anything happened and one of us lost our job, and so that we could retire early abroad. After 25 years of working we have retired abroad (12 yrs now) and are enjoying our life to the full. We worked hard for our money and we always make sure it works hard for us. We have never felt that we missed out on anything by trying to keep up with the latest trend - except maybe all the financial stress of being overstretched

Beautifully explained! Thank you so much for sharing and educating on this topic !

I like that she gives the tip to start building your investments after you have your stockpile or "rainy day fund" as many people call it. I'm in my early 20's, and there's a lot of pressure to start investing early (in stocks, in retirement, etc), but I wouldn't feel comfortable doing that if I don't even have the money stashed away to take care of myself in anything happened to my parents or my job. I don't know much about investing, but I know that being aggressive probably isn't a good strategy for someone without a lot of resources or fall back plan, and I'm glad she feels the same.

@kevinkirk3156

Жыл бұрын

I've learned that invest as much as you can into a ROTH IRA asap. It will pay the most when you hit 65 as its pre tax. Anything you do in your 20's is amplified so much byt he time you are 65.

@RobbieDerrick-yx4eb

Жыл бұрын

Can you answer in more detail?

@peterlohnes1

Жыл бұрын

This is true, at youth aggression is fine IF the money isn't needed for something later. But right now GICs (which are guaranteed by the government and guaranteed investment of 5% for a year) are a solid no fail system...problem as mentioned, they get locked in for a year. So you can do 50% of your funds in GIC, and 25% in bonds, and 25% in stock...or even lower in stock. That will reduce your risk...however leaving it in a bank account is awful, at least look into momentum or high interest savings accounts

@ceooflonelinessinc.267

Жыл бұрын

Well, that is all easily if you earn good. But if you only earn minimum wage, it is nearly impossible to overall safe money. And it is not a secret that it costs more to be poor than rich.

@alisatjaden3906

Жыл бұрын

@@kevinkirk3156 Isn't ROTH After tax?????

I love this girl she explain things so fast and good thanks you. I never in my life I have 23 now have someone to tell me bout SAVING MONEY or financial education and this information is so important for me literally is having my FINANCES.

Very nicely explained Nischa and well produced too. Loved watching it. Felt good that I don’t have many of the bad habits you mention. Shared with my children as well.

@RheaJohnmark

3 ай бұрын

Well I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one depressed

@RheaJohnmark

3 ай бұрын

So you could contact to try less

Hey Nischa! I've landed on this video searching by the word balance, congratulations to your SEO manager 🎉

This is how you get a message through on YT. No fancy intro, straight to the point, No get-rich-quick BS. One step at a time. I am sharing to my friends and family. "You get success not from what you do occasionnally but from what you do consistently". Thank you for this.

Thank you Nischa sent this to my daughters this is exactly how I've lived my life. And generated my wealth I've shown both daughters how. One is doing the same thing the other spends money like water although earning 60k plus is constantly complaint that shes living from pay cheque to pay cheque. This is the wake up call she needs !

I’ve always been an advocate of investing in the stock market because it has paid off handsomely since I decided to invest in it.

@Otieno358

Жыл бұрын

I run a business but I’m trying to invest on the side. I started earlier this year and tried investing myself too but I got burned. Lost my capital. How did you go about yours?

@Niveen175

Жыл бұрын

@@Otieno358I know understanding how the investing works can be rather daunting. That's why I've got professional help with my investments in stocks and fx. Herman Jonas is the brain behind my success.

@mendeleyborisov92

Жыл бұрын

Quite true. From my experience, it’s about understanding the market and volatility, but that’s difficult to do without help and guidance. Going in blindly is like betting a pony against a horse in a race.

@Denniss20

Жыл бұрын

I invest because it affords I and my family the opportunity to live an incredibly fulfilling life, and I just don’t mean financially. Time wise also. I started out with Herman about a month ago and it’s surprising to see the rate at which I’ve had consistent growth. Even got my third payout last week. Real stand-up guy.

@Jpellorrin

Жыл бұрын

I’ve always wanted to put money in assets that will grow fast. Thanks for the recommendation. Is he taking new investors? As I also want in.

First time coming across your videos Nischa, loved the summary/ key concepts of these popular money books. Thank you

The new accountant at my job used to work at a Bank. 2 months before Christmas she decided to start a savings scheme to help us save some money for the holiday. We get paid fortnightly and I was soo worried that the money taken out was going to reduce my quality of life but I didn’t even miss it. By time Christmas came around I had forgotten the money was being taken out then she handed me the envelope of cash. I was soo shocked at how much I was able to save without even thinking about it. I asked her to continue taking out the money for me and I am opening a second savings account to put this money away. 😊

I already know all of this, but it’s really nice to get reminders to stick to ones goals. I really like the easy way you laid it all out.

@martingray8350

Жыл бұрын

You must be rich as then 😂

Whenever sellers say "I could offer a 6-month payment schedule", my answer is "I do not have a credit card, I buy when I have money, and I don't when I don't have it", this sentence gives me immense power and pride. However, I am bad at other aspects and have decided to correct my mistakes and start saving and investing. The video was very helpful. Thanks a lot.

thank you so much for this, it has highlighted some bad habits that l need to drop. very informative

Just noticed how "minimalistic" yet impressively elegant your style is, makes us focus on your point & shows you actually care about us focusing on that, not looks or you. Well done & thank you!

so true Nische you hit the nail , I was so self absorbed in trying to plan to make money but never planned or budgeted , today your video is like Gold. 10% of ones salary not bad , credit debt is a night mare.

Thank you Nischa. Good for young people. I'm an older person and financially comfortable but still enjoy your content. Can you give advice re business cash flow and startups.

Bravo Nischa! I admire your generosity and your insights about abondance mindset and patterns to nurture richness of life 🦋

These are great habits. Paying yourself first is something I really need to start doing. I used to be better at this, but somehow it fell by the wayside. This was a great reminder, thank you!

@DamienMalakay

Жыл бұрын

it's paying yourself LAST not FIRST!!! lol

@amberbiggs

Жыл бұрын

@@DamienMalakay Did you watch the video?

@Tra_C

Жыл бұрын

@Joey Jojo She mentioned that a 'poor people habit' is paying yourself last. We should be paying ourselves first.

@DamienMalakay

Жыл бұрын

​@@Tra_C i know what she said except ppl take that literally and pay themselves without worrying about what they owe or saving! yes for a disciplined person putting aside 10-20% is easy except it's not iterally, it's for a rainy day, for investments or for a goal I have. Ppl literally take this "pay yourself" as in "ok I'm allowed to spend these extra $1,000 on myself on whatever you want." To me pay yourself last makes more sense but if we follow this video I suppose it does but still ppl take this literally always. Remember, there is a lot more ppl living day to day, pay cheque to pay cheque than there are ppl who save enough to last 6 months or a whole year on pure savings so clearly ppl are paying themselves first. Anyway I don't like the term, it makes more sense to pay yourself last

@ceooflonelinessinc.267

Жыл бұрын

Well, that is all easily if you earn good. But if you only earn minimum wage, it is nearly impossible to overall safe money. And it is not a secret that it costs more to be poor than rich.

I’m so glad I came across your channel. Please do more videos to help us increase our knowledge in finances. It’s shears so hard for me to understand but you were so articulate and clear. THANK YOU!

Say you are saving 10-20% of your income, can you make a video where that percentage goes? (long term, short term, emergency funds, etc) and how do you break them down. Love this video by the way!

love the simplicity with the way you expain things

Absolutely the best straight forward advice. It is easy to forget your way about personal finances, you're advice gives good solid frame for waypoints!

My first time viewing your content, It's so refreshing to hear you speak concisely about the basics of finance. Especially about he priority of paying yourself first. I will have to spend more time looking through your content and share with friends. Keep up the good work!

This was a great video! I’m very interested in the video you would bring out about taxes. I’m not exactly sure how to start a business, but I want to in the near future. I’m wondering if there’s some sort of threshold of sales before you need to register yourself as a business. I know that there are some administrative costs to start. When it comes to the legislation as well, I wouldn’t be very knowledgeable. Like filing your own taxes, for example. Would these topics be something you would include in a future video? Thank you for sharing your advice :).

Great video nischa, i can’t believe it took your channel longer than a month to blow up - you and your content are so amazing and the 100k will be very well deserved 🙌🏻

Hello Nischa! I have a degree in economics and also a career in investment banking and I must say I watched twelve of your videos in one go! You are a breath of fresh air in the panorama of youtubers with finance channels. Congratulations on the content, but IMO the secret of success is in the captivating, clear, concise way of presenting and also in your personality that always shines through. There is no shortage of ingredients. Congratulations!

@NoName-bb2pu

Жыл бұрын

I'm a BA in economics and MBA in Operations and Marketing, she said nothing overtly special here. It is things I always knew, I earn well above average and I spend not more that 40%, 60% at most, still drive a 7 year old car, have my personal office at home so I really dont spend on fuel and have a rental yield also

Beauty and brains are a rare combination. Good money advise, which seems practical and pragmatic

The more passive income you can build, the freer you will become. Taking the first step is the hardest, but 4 houses later living off passive income. You’ve got to start taking steps to achieve your goal.

@danielwright4931

5 ай бұрын

I was trying to research how money really works and what is the best way to tip my toe into investing as a complete beginner. I currently make £84k/yr No investment and I work from home. I need to do something quick. What can I do?

Hi Nischa, Love your consistent neutral presenting style. Totally agree with these strategies - My only comment overall is risk management. You need to look at insuring yourself to make sure that your income is protected if you fall ill and or cannot work. All the best for yourself and your channel.

Finaly a British person who talks about uk financial problems and not American Problems in dollars. With all due respect, it is hard to get uk statistics on KZread as everybody talks in dollars and American problems Glad to have found this channel! Subscribed for sure!

First thought come to mind while seeing the video suggestion is "Are you rich???", "How much money do you have???" For asking this questions i click the video, I believe that people who talk didn't make money and people who make money didn't talk so thought not to watch video, then i thought if i asking questions i should watch I am glad i watch this video, you are saying simple things and most important not on how to get rich quick instead not been poor Its a nice video...👍👍👍

I'm a student and manage to live a comfortable life on little money. Even though my cost of living will rise once I get my first full-time job (as I won't be allowed to live in cheap student accommodation any longer), I want to maintain my current level of spending. As you said, it would be a shame to spend more just because you have more money. It doesn't make sense to me to spend just because you can. A lot of the times, the more expensive product is the same as the cheaper option, just with a fancier packaging.

@RheaJohnmark

3 ай бұрын

Well I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one depressed

@RheaJohnmark

3 ай бұрын

You could search her on the web contact to try less

Another excellent video🔥🔥 I have 10% taken out automatically for retirement; my employer also matches up to 6%. So it’s a win win situation. I have an S-Corporation for my rental property. I live in a small house in a decent area. I have friends with homes 5X bigger than mine and they work 7 days a week. I rather work less and take vacations. Also, small house means= less utility bill amount. I do not own fancy cars. I just need to get from point A to Point B. I’m investing in myself with education. I’m in my 30s and I’m back to school now for MBA.

@counterleo

Жыл бұрын

I earn more than I spend and I have comfortable savings, yet only ride a 125cc motorbike (and no car) despite having my full licence since 2013. People usually don't get it but as I grow older I'd rather have 95 mpg than 150 horsepower 😂 (Using freedom units since you mentioned something about S-Corporations)

Point number 9 is extremely important! I am 40 and never cared about finances. Now going to spend the next 25-30 years rectifying all that:-)

Thank you so much and you explain so well and in a simple manor A full video on tax reduction would be amazingly so beneficial so many people like me.

Classic advices - I have read/heard them before and they are still (and will be) current. 👍

I have a very similar background but I'm not an accountant, I like your trail of thought and putting it down in a rule format makes easy to follow. We'll done ✔️

I believe the definition of being ‘poor’ has been enhanced to make it initially appear ‘rich’, and then leading to a way on how not to become ‘poor’. The fundamental ‘poor’ person will not have the luxury of going through these 10 things. I am not ‘poor’ hence this video incredibly beneficial though, with added charm. 😊

Thank you very much for this. I just started investing in unit trusts at 26. And I also started investing in government bonds ($100 consistently every month) My next step is to save and start buying stocks early next year. I also want to get into real estate.

@RheaJohnmark

3 ай бұрын

Well I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one depressed

@RheaJohnmark

3 ай бұрын

You could search her name up on web to book an appointment

@Tashas_Travels

3 ай бұрын

@RheaJohnmark yeah I'll use one in my area that's highly recommend 👌🏾. Thanks

I like a lot! You explain very clear the rules for being more efficient when people manage money and savings! Great!!! 👌👌

Paying yourself first is so helpful! You can make this automatic in ADP if your company uses them & split a percentage between two banks accounts (a checking & savings, for example)

I needed to this video to reconfirm how important it is to be financially smart and get better with my finances. This is something I struggle with even as someone who studied finance. It takes a lot of intentionality. Thank you 🥰

Love this ty for your insight. Growing up were always told PAY YOURSELF FIRST. Something that didn't resonate the mention of saving has a cap, making money does not. That's simply not true. If you can constantly make money, you can constantly save, should be anyway (10% advice) -inflation.

It's interesting, I'll try! I really want my wishes to begin to come true. I recently passed the Volikov test and discovered that I have such a huge potential of will and diligence...in this scenario, it can't be any other way. The main thing is to dream and act ✨

Hi Nischa! Happy new year! When you're free could you please make a video on how you prepared for your property investment business. What courses you took and found helpful or other resources one should turn to? Many, many thanks, your videos are sooo helpful! :)