👉🏽My free “Save your first $100k”tracker: nischa.me/personal-finance-tracker

@RichLifeResources

10 ай бұрын

🔥🔥✨

@Homeboy321

10 ай бұрын

The email with the tracker download doesn't seem to be coming. I've tried 3 times now and still no email. Any ideas?

@RichLifeResources

10 ай бұрын

@@Homeboy321 it took sometime to work for me. I tried a second email address and it went to spam, see if it's the same for you

@lassbk2

9 ай бұрын

Sorry, my brain is slow… is this 100k into savings or into investing? Been binging your videos. Love hearing what you have to say. Thanks!

@Uyiiouuoiuiiuyi

5 ай бұрын

@@Homeboy321try again mine working at second try

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

@Jadechurch-ql3do

Ай бұрын

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

@yeslahykcim

Ай бұрын

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

@JamesScott433

Ай бұрын

@@yeslahykcim I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

@yeslahykcim

Ай бұрын

Laila artine kassardjian is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

@geraldt331

Ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

To the best of my knowledge, Mungers quote is from the early 90s. Meaning that the 100k he referred to, in todays value, probably is around 350k. Something to think about.

@ratsliveonnoevilstar1

10 ай бұрын

Thanks for that 😂

@christopherkim8391

10 ай бұрын

Actually the number would be more like around $220,000 -$230,000 but your point is well taken.

@ObjectiveObserver-xh4vk

6 ай бұрын

Most important is to start saving, and make it a habit.

@benfulford3943

4 ай бұрын

The 100k number is completely arbitrary. The concept of compounding works exactly the same whether it is 100, 1000, 100k or a million. If you can only afford to put a tenner away each month, it's still going to take you 7 years (@ 8%) to get to a grand and then will reduce down accordingly in the same way as if you are putting 1k away each month will take you the same amount of time to get to 100k. We see it so much on finance KZread cos munger said it, while it is an important lesson about compounding the figure is completely irrelevant and is scalable in proportion to the amount people can afford to save.

@Imhimdogg

2 ай бұрын

Take that 100k and borrow high dividends etfs on margin and hold them forever. You can generate close to 5k+ a month in dividends and more if you let it compound.

In an age where instant gratification often reigns, this sort of practical advice is what we need more of, especially for young adults like myself. It's about time we make saving cool again!

Nice video! Please please please make a video of all your failed side hustles as you mentioned. It's important for people to understand that failure is just part of the journey

@andrewmaplethorpe1125

10 ай бұрын

Yes, failure isn’t the opposite of success… it is part of it.

@nischa

10 ай бұрын

I will do!

@SB0427

10 ай бұрын

​@@nischathanks!

@_TheVAX_

10 ай бұрын

@@nischa thank you!

@LethoHali

10 ай бұрын

Thank you!

So true! The first $100k is the hardest because you don’t have compound interest working hard for you yet. It took me 4.5 years to hit a $100k networth. It took me 2 years to hit the next $100k.

@pseudocode1

3 ай бұрын

preach! more people need to understand this and start ASAP

@mvcards20

2 ай бұрын

S&P 500?

@Investingcoachw

2 ай бұрын

@@mvcards20 yea a good portion of my portfolio is in the S&P 500. It’s diversified into all of the US publicly traded companies and some international index funds as well.

@pseudocode1

2 ай бұрын

@@mvcards20 vanguard etfs is one option for passive income. im getting a nice dividend from VGS for this quarter, reinvesting to compound and buy more, have others as well to diversify..

@colbydonnelly6515

2 ай бұрын

I was aggressive but on a 60k salary and investing in new legal market. Still only available to half USA this stock will 10x in next 5 years. DraftKings. A compounded 1,000 a month for 5 years you can be multimillionaire. It still only in 20 states will be in 50 next 5 years. Look it up and good luck

Dude you are like legit empowering us young people about financial issues. I am a 31 year old guy learning a lot from your content.

@leep1667

9 ай бұрын

You are not young.

@Kaikaiiiiii

2 ай бұрын

You are definitely not young 😭

@Adelehalsall

Ай бұрын

As if people here are saying 31 isn’t young…wow we really do life in an ageist society. 🤦🏼‍♀️🙄 Trust me guys, your 30s will be here before you know it and things won’t even feel any different. Then let’s see if you think 31 isn’t young…

@KeyAppeal

Ай бұрын

31 is young!

I’m a dividend investor My wife and I have invested in the s&p500, both through my TSP with the government, and through Fidelity in her 401-k.Cashed out 270k from the S&P and invested with a Full service broker ... Until around 3 years ago we were 100% in the s&p after over 30 years.I'm retiring at the end of this month at 59, while my wife will retire next year at 54. We currently have 3.7 million in out tax deferred savings..

A job should be there to learn or to earn, ideally both. Love that. Going to have to remember that one.

Living below your means and watching your spending very closely is very important particularly in the current environment. Thanks for your wisdom as always Nischa 🙂

I have to say that the first $100k is the toughest, it'll surprise you how easy it gets from there, i'm speaking from experience my wife and i managed to save it, we could have spent it on a lot of things i mean we could have gone on vacations but we didn't and funny enough didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.

@stephmeldrich6765

10 ай бұрын

@@harrisahmed3066 she surely goes by the name Lisa Rosa Cavanagh. do an online search to find her.

@mjacksonjones

10 ай бұрын

Congrats and amazing!! Question what is the percentage of that 1.2M Pre vs Post Tax?

@danielredziniak2996

10 ай бұрын

Go on that vacation

@shellyperera2010

9 ай бұрын

You've missed out on living. Go on vacation! You will never get those years of your life back. Each to their own but I don't regret a penny of the fairly substantial amounts we've spent on family holidays, the good times and memories last a lifetime.

@cesruhf2605

3 ай бұрын

@@shellyperera2010 especially with your aging family :'(

That's very interesting actually. The fact that you tried many other businesses on the side that didn't create positive results but still stuck to it and kept trying. That would make for a great video!

My next goal is to save up the deposit to buy the house next door. I bought a tiny home just for me 1.5 years ago with £5k which needed a lot of work but I got it on a 5% mortgage which allowed me to move out of rental. I’ve been doing it up ever since and just got a cooker (I was on a camping stove before). Lots of people have said to me they would never do up a home or live somewhere half finished or sleep on an air bed for 6 months. Most are too used to being comfortable, building wealth is slow and unless you have lots of options or family with money you need to make sacrifices … worth it in the end 😅 brilliant tips as always, although that isn’t my goal for now your videos always give me lots to consider! ❤

@nischa

10 ай бұрын

100%. Love this!

@ratsliveonnoevilstar1

10 ай бұрын

We’ll done. You played the hand you had well. Keep going. Just make sure you do all the numbers and consult an accountant. It will help you from making financial mistakes

@jeffandsherriefranzwa8970

10 ай бұрын

You’re doing great. Unless one wins the lottery jackpot or has oil discovered on one’s property, time, persistence, and delayed gratification are the path.

@regs3941

10 ай бұрын

Thanks for sharing your story! It's a pleasure to read :)

@nonegiven9579

10 ай бұрын

Crikey , what country can you buy a property for 5K ?

Great video! And thank you for being honest about the advantages you’ve had on your financial journey 😊 many other creators fail to mention this, and make it seem like it’s easy to save this amount of money. So thank you for acknowledging the different points of departure we all have.

I’m at $84,000 now.

@angelaofosu-barko5268

4 ай бұрын

Good job, you can do this!!

I am so guilty of not tracking my spending more strictly. As long as I’m net positive at the end of the month I would keep on with my routine. But I finally took the time to track and categorize what I spend my money on and the numbers seemed so staggeringly high. Just totaling up the Amazon purchases alone was the reality check I needed 😅 thanks for the continuous drip of knowledge and inspiration. Keeping the idea of saving and smart investing top of mind is a great way to help me be mindful of what I put my money towards.

I would love to see the 'failed businesses' videos. That would make me feel so much better about my attempts . . . Once again, thank you so much. The way I saved my first 100,000 was by automatically contributing to my 403K account every month and it just took off from there. Making it automatic was key for me, especially when young and undisciplined. Thank you, Nisha.

Nice to see other ppl in this chat talking about building wealth. 100k is something I’ve set my sights on cause when I broke it down over x amount of years it is soooo attainable. I’m going to screen shot my balance when I get there and use as motivation.

I’m on the cusp of getting my 1st home, I’m looking to get it and rent it and live with my parents for a few years as you did.. using tax defo my accounts to increase my deposits and also putting aside for small things I like to have(investing in watches) .. thank you for this video really boosts moral when you confirm that my thinking is correct ❤

Main lessons: 1. Importance of the First $100,000 2. Increase Earning Potential 3. Investment and Assets 4. Persistent Exploration 5. Creative Living Below Your Means 6. Analyzing Expenses 7. Compounding and Investing 8. Set Clear Goals 9. Continuous Learning and Adaptation 10. Individualized Strategies

@monalizapantoja8490

9 ай бұрын

I appreciate the listings @dotpenji.

@kristineambas

9 ай бұрын

wow , thanks for listing

@monicasoriano8581

9 ай бұрын

Thanks for this!

@ryanvalenzuela551

8 ай бұрын

thanks for the insights

I bought an older year box truck (I'm a welder) so I have access to unlimited steel I have formed metal working skill over the years and I have converted this thing comfortable enough to live in rent free all the extra money is either going towards saving or investing it's possible

So glad to have found you, Nischa. You talk so much common sense. You wanted to know so here goes: I got out of the rental scene at a very young age (23, I'm now 59) and bought a supreme handy-man special home for only 29K in 1987. This forced me to learn plumbing, electrical work, sheet rock, flooring, and everything else because my house needed everything. I got my first decent job (25K back then) a year later and contributed 15% of my salary to a company 401K and an equal amount into a Roth IRA. When I transferred jobs to another state 5 years later my realtor advised me that the bank approved me for a 130K house so I bought a 69K house and paid off the mortgage in about 7 years. The mortgage payments now went to my Roth IRA and the stock market. I never had cable TV, my phone plan is only $14 a month, I never had a car payment, and I rarely had to hire anyone to do anything because of all the repair skills I gained along the way. I also learned how to tune and rebuild pianos along the way a had a successful side business for 10 years of that time. I love your videos. I hope to keep learning.

Love your content! It keeps me driven and motivated. It also helps me stay on the right track for my goals.

Congrats on reaching 100K Nishca and congrats on half a Mil Subs!!- The channel is Blowing !!

@nischa

10 ай бұрын

Thank you!

I’ve rented out two of my bedrooms and converted my living room into a bedroom for myself in my early 20s. 😂

The tip about Creatively living below your means is such a game changer! Thanks for sharing.

just turned 20 this june, currently have over 50k saved in the bank and other investments which make my net worth add up to around 80k still at home so my expenses are extremely low, my total monthly expenses are less than 7% of my monthly income.

$500 a month invested for 10 years will get you to $100k. I waisted my time with properties which took time, energy, and was stressful at times. Sold both properties after ca 11-12 years (which didn't appreciate much) and put the money into market. The rest is history. Had I put, every penny I put in properties, into market, I would have made 5x the money. Glad I got out and trying to catch up now.

@runescapefan0001

7 ай бұрын

No sure if you're including growth, but $500 x 120 months is $60,000

@dianao.4757

3 ай бұрын

What do you mean put it in the "market"?

@rjt1201

2 ай бұрын

I think it depends where in the world you live. The house I just bought (uk) cost double what it did 8 years ago. So if I bought it 8 years ago. And sold it last year. I'd have made about £90k plus whatever rent I made... but I didn't, I left my savings in a bank 😂😅

It took me 7 years to make my first $100,000. I think the first 2 of those years was me trying to figure out how to save more efficiently. Now I am on track to making each $100k every 3 years.

As a NHS doctor I wish you good health ... May you keep delivering such inspiring lectures.

This is amazing! Thank you! I love that you still have your "day job" and doing YT on the side. This way your advise feels a lot more applicable (to me at least). I'm someone who wants to continue doing my day job while still looking for an additional source of income.

I find these vids so valuable Nischa. You’re a natural in front of the camera and are a font of knowledge. Thank you for sharing your wisdoms. 👌🏽

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

I'm just saying that your channel is one of the few ways that i have Notification turned on:) Thank you for your high-quality contact very informative

You are spot on with your advice, as someone that built wealth from nothing I can tell you’re teaching based of raw experience and not just regurgitating random information like many other teachers.

PLEASE make the failures video. So helpful to see how others have tried, experienced challenges and overcome.

Definitely would love a video talking about those things that didn’t work as side hustles and why.

I agree living below my means helped me to achieve my financial goals. Also, I improved my understanding what are my “needs and wants.” Lastly, paying myself first before I paid my monthly obligations. Thank you for your presentation today.

This is so valuable. Thank you thank you for putting content like this out. Your “knowledge is power” becomes “sharing knowledge is power” thank you for your transparency!!

I love this channel, it is so helpful! Thank you 🙏

Great video's Nisha. I love your openness about sharing your personal journey and finances.

Not making upto a million before retirement is an unfulfilled retirement. I’m 54 and my wife is 50 . We are both retired with over $3million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on the FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early. Even till now, we earn weekly.

@Adelehalsall

Ай бұрын

It’s comments like this that make young people terrified of retirement. Grand statements and generalising because that just happens to be working for you really don’t help.

Love the structure to this... noticeably different And love you used the word Mindful too 😅

Brilliant Nischa. Great tips and loving your Vlogs 👌🏻

Thank you! I'd love to see a video on failed businesses you've started, please! Very curious as I research side hustles quite a bit.

Thinking about your biggest costs and understanding how to get the same thing for less is SOOO key

Great video Nischa! I've just started this goal, as I live with my parents, my idea is to save around 20k into an index fund before moving. I'm basing it on a 10% average of over 10 years, with a yearly deposit of 2.5 to 3K thereafter, the initial deposit will be difficult but once this is achieved, the yearly deposits are possible whilst still living a good lifestyle. Time also plays a big factor for the compounding to do the hard work!

@shellyperera2010

9 ай бұрын

10% over 10 years is quite ambitious. 7-8% more achievable. Better to err on the conservative side imo.

I'm learning this to educate myself & my child. Thanks for this video.

You’re content is so helpful, thank you !

One word: Inheritance

I'd love to see a follow up to this video, of what to do after you've saved the first £100k, best options for compounding, portfolio diversifications etc

As soon as I had 100k I bought a house. It was something I always wanted to do. Now it will be easier to buy my next house. I'm not doing it to get rich quicker but to live my preferred lifestyle. To me this is just as rewarding.

@pseudocode1

3 ай бұрын

you could have invested it and made another 100k within a couple of years and then bought a house. but now you are stuck paying the principle and interest on a mortgage. you could have taken some of the dividends from your investments to offset your interest on the mortgage in an offset account or in extra repayments, or let it continue to compound by reinvesting the dividends. either way, buying the house first made it harder for you to get the next 100k into investments that will earn passive income. i dont think you have comprehended the power of compounding at 100k. sure its not enough to live off, but you can get to 1 million this way within 30 years easily just reinvesting the dividends. At that point you will be able to live comfortably just off the dividends and no longer need to work. Or continue to reinvest it and set your bloodline up.

@spelonberry

3 ай бұрын

@@pseudocode1 Yes, I am stuck paying the "principle [sic]" and interest (

@pseudocode1

3 ай бұрын

@@spelonberrycare to explain how you have such a low interest rate? When the average is 4.79% for a 5 year Mortage in Alberta. You stated you have room mates. Are they contributing to paying off your mortgage? What are your monthly repayments in order to pay off this in 5 years?

@spelonberry

3 ай бұрын

@@pseudocode1 Sorry, I'm too busy decorating my house that I bought in 2021 when interest rates were 2% to explain

@pseudocode1

3 ай бұрын

​@spelonberry cool story. nice to see young tryhard youtubers being so humble. not the only one decorating their house. you really think its a flex. oh wait my quarterly vanguard etf dividends just came in, im just going to make my free mortgage payments with it excuse me.

Thank you for great tips Nischa!

Great video. I am always taking note. Very educative video.

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

@Annis-co7vu

3 ай бұрын

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,

@AudraZapoticky55

3 ай бұрын

how do I get in touch with this consultant that assist??>>>>

@AudraZapoticky55

3 ай бұрын

Thanks for these recommendations.....,,,

Also, thank you Nischa for sharing that you lived with your parents! Most people don’t aknowledge help they get, I think it’s amazing you have shared this. Love your videos!

Now I know where should more focus. Thank you for sharing your experience and giving tools.

Great video as always. Also really enjoying the advice and extra info from the emails.

@nischa

10 ай бұрын

Glad you’re enjoying the emails. Thank you!

Thank you for setting, such a nice video and keeping us updated

Love your chanel and want to thank you for sharing all this valuable information.😊

Don’t pick a job just for the money. Do something you’re good at, and you can easily do extra even if you don’t love it, as long as you maintain focus on your goals.

New fan. Adore your videos, Nischa. Just binged about seven of them in one go.

Failing forward... that's a great concept, I like that line of thinking.

Thank you so much for the transparency Nischa! I love your journey and relate to it especially working in middle office for a large investment bank right out of college! It was only once I left to a different company that I felt the significant pay increase as well 💕 keep sharing!

Told my sister today about this great KZread channel on finance I have been following for quite a while... turns out she's been following you already, too 😅 Thanks again Nischa for another great video and greetings from Berlin!

Wow, amazing information here Nischa. After watching one video of yours particular this one, I subscribed to your channel. I'm gonna watch more and enjoy your knowledge you share. Thank you 👍🏽

Thank you for your knowledge! always enjoy your videos.

I really love your channel, thank you for this!!!

Absolutely love your content. ❤❤❤

Such valuable videos, I know incorporate at least one of your videos as part of my morning routine. Thanks!

Nischa, thank you - you really motivate!

I've managed to save £4k and that's going to be my emergency fund. Next plan is to start a side huslte... I already have my first client. Thank you Nischa

@BuddhaSunn

10 ай бұрын

Can I ask what side hustle is please?

@aymenelmardi7788

10 ай бұрын

Side hustle is a job you start on the side with your regular job with the hope that one day it can replace and surpass your main job

One thing that perhaps needs mentioning here is the effects of not being single. In some cases this can be positive, having another person adding to the asset growth. In other cases, like mine, it can be quite negative with the partner basically being a tax on your savings - I think I basically lose15% of my earnings over and above the increase in living costs. The moral of the story is choose partners as wisely as you can.

Definitely want to see a video about the hustles that have failed? People really needs to know it's not always victory and it takes a lot of hit & trial to build something.

I love this quote by Charlie Munger - it gives somehow a clear way and sets a clear financial intention. Love it ❤

thank you for all of your content! very appreciated

fantastically helpful Nischa - thanks!

omg, im loving it!!! "If you fail, then fail fast and fail forward." So much dense wisdom!

Amazing content as always! Happy to see that you’re promoting a platform, made by Bulgarians, I’m Bulgarian too. ☺️ I’ve considered investing in stocks for the last year, as a next step of my investing strategy and this time I feel like committing to it trough your promotion link. ☺️

Hi Nischa, Please can you do a video/s on your journey of buying your first property and everything one should know. I'm in the exact same position now so would find this really helpful. ❤❤

@nischa

10 ай бұрын

I’ve got a few property ones coming up :)

Sometimes if you’re focusing on a business, buying an office work space and just using it for living too may be the best short term option

@chillelement8301

10 ай бұрын

is that legal?

Brilliant video Nisha!

This is amazing. “How to build wealth”

@BrewerVera

17 күн бұрын

The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

I'd love to see a video on failed businesses and going back to zero. I'm at that point in my life and it'd be great to see your journey for inspiration purposes.

I agree that money is a great tool for the life you want. Great video! It's interesting to see the different paths to take to get positive outcomes.

Always a great job! Thank you!

i feel like barely any of your videos apply to me earning below 25k a year but they are great videos to get better understanding and generally entertaining to me

Hey Nischa, I have an interesting somewhat topical question- did you ever take a career break/time off from investment banking? Whether to travel, pursue a new avenue, or simply take a well deserved break? I feel more and more people are considering this, often to consider their next move.

Thank you Nischa! ‘A job should be there to learn or to earn, ideally both,’ is a great quote and I wish someone told that earlier in life. When saving $100,000 you mean through a saving account or through a index funds or both?

@ItsJustSimpleAsThat_Ang

10 ай бұрын

Both! It can be retirement and non-retirement accounts

Making your first $100,000 is easier than saving your first $100,000. One of the many challenges I've faced on this journey. Great Video!

Nice video. Please do another video about what were your attempts and what did you fail too. If you lost money in this journey, that too. It will help others to get the idea about this journey.

1. can ask for an salary raise next year and cant really get an 2nd job 2. hmm, can save nearly 40%-50% of my salary (dont earn a lot tho) 3. placing the money into a place, where it compounds is the hardest (and wont lose money thru stock going down

Love the video. I'd love to brainstorm, or get more ideas for creatively living below your means across a variety of main 'budget categories'. Maybe an idea for a future video? Thank you for your work and for all the free content.

Thanks for another great and motivational video!

Great content for everyone, and it's great that young people are taking notice of you. Unfortunately, there are countries where the pay is much, much less than where you come from or live now and it is almost unthinkable to accumulate any wealth at a young age, especially under 30, and unfortunately even a significant proportion of the older generation are living day to day. But regardless of everything you are a positive example, so congratulations and keep up the good work!

Super Information On How To Save The Money Nischa.

Hi Nischa, I just found your channel and want to say Thank you for creating great content and sharing it with all us non bankers. You have a great gift for clear and on point communications.

Hi Nischa, I really appreciate the information and concepts you provide in your videos. I especially like that you break down the info/concepts into smaller digestible pieces, so you are not getting information overload with too much information coming at you at once. I was trying to access the $100K tracker sheet but haven’t been able to. Is it still available to download? I did enter in my email and name and checked my spam/junk folder but still haven’t seen it yet now going on day 3. Thanks for your help and see you at your Making Money Workshop.

Your starting point was inches away from the finish line.

Love your content! Thank you :)