When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Wow a TH-camr in the personal finance space that actually gives a realistic perspective of additional passive income streams!!! So many TH-camrs oversimplify their suggestions and make things seem SO easy but your actually rated the difficulty to start and overall maintenance. Kudos to you!! And a big thumbs up!!!
@@mayamorabito1669 I think it would be pretty awesome for even $200/month in passive income. A person could putthat into more investments and watch it grow.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life.....
As an independent man I started my first investment plan with just a $1,000 and now earning weekly income of $8,700 in cyptocurrncy exchange with my personal brker
Btcoin has been rising for a while now and it might keep rising or decide to fall again. The truth is no one knows, I believe it’s right time to make purchase and also get the assistant of a professional
TH-cam algorithm got it this time. Discovered your channel for the first time and I watched 8 videos already and now how a totally different mindset about finances. Precise, clear and straight to the point topics. You've earned a subscriber here. Thank you Nischa.
You come across as very sincere and honest. No bullshit, no sales talk just a lot of knowledge and experience. I like that. You deserve every penny that you make.
I am 34, almost 35 year female senior accountant at a big international corporation. I have been working there for 8 years(2 our of those 8 were a maternity leave) and I did my best to climb the competency hierarchy as much as possible. Since I came back from maternity leave 2 years ago I really pushed for all the raises and promotions as possible. I got promoted twice and my last raise was with 21% .. I have paid off my mortgage 6 months ago. Combining all those factors I realized now I have an income high enough above my means and I can start working on more ambitious financial goals. Also, I realized my next step in the career aspect is to the position of people management. Seeing how time and energy demanding are those positions, I know I don't want it. And although as an accountant I am aware of the concepts you share on your channel, the you structure it and explain it really helps me to think differently. Thank you so much! I am binge watching your content right now and your mindset is really the perfect combination in nowadays for me. People who are good with numbers, have analytical mind , and yet think about bigger picture, contemplate on more philosophical ideas and are self-aware are the ones who really are going to be in top in the future! I see myself like this, I have always been good with numbers, this is what I do. But I have also an artistic side to me that is waiting to be developed. For example, corporate climbing beyond what I have reached will now take more resources and energy than it will give me, so I will seek different type of growth. For more than 10 years I dreamt of having a blog to write and share ideas on different topics, create a TH-cam channel because I love to talk, but never mustered the courage to do so. You are inspiring me to take actions I have been postponing and finding excuses not to do for years! Thank you, Nischa!
@@nischa thank you so much for this comment! It means the world to me, especially because it is coming from a woman I see as such an inspiration, a role model. Today I have laid out a schedule for me to produce my first real video with a topic dear to me - mindset shifting. Again, thank you for your kind words of encouragement!
@@samiraali1312 Thank you! I am really overwhelmed by the reaction to this comment. I think it alone gave me few subscribers, not to mention Nischa. This is actually very motivating as feel now obligated to push though my fears and excuses. I have started working on videos and will start posting soon and just put myself out there finally after so many years watching from the shadows. Good luck to you and I can't wait to see your progress :)
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ 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.
Nischa is one of the most inspiring & valuable person to be around. Her videos are great. Who agrees? One of my inspirations to start my own finance/business content🤝
I love how open and transparent you are with your earnings, it makes for much more believable content. And there is such a calmness in your approach, no blatant selling, just value, value in every word you say. Thank you
Your videos have become a staple of my Sunday routine. Love your content, it's concise easily digestible while discussing concepts with the perfect amount of depth. Thanks
The issue I have with all scalable income ideas is not that they are in themselves wrong. It's just that the chance to actually get there is infinitesimally small. For every successful youtuber or influencer there are hundreds of thousands of failed channels.
Just found your channel and I'm really enjoying these videos as they are very clear and concise for investment newbies. No real gimmicky clickbait titles, silly meme/vid inserts, or vague nebulous answers. With the way the world is going, I'm looking to learn more about investing and alternative revenue streams. More importantly, I want to teach our daughter about investing and generating money, which my parents never passed on.
Thanks to such videos, I set up my own business 9 months ago and have been selling digital courses and e-books. I’ve already made more money than I make in my day job as a director in the City of London (where I am in fact still working). So, it is possible and really fulfilling! 🙏🏼 I love watching your videos, Nischa - thank you for inspiring me every week ♥️
Hey @magdalenabritish. What type of digital courses and e books to you sell, and on which platform have you been selling your course? Would be valuable information. Thank you 😀
I discovered your channel today and only with 2 videos, I can definitely say the value you provide with these videos to whom really look for it is enormous... Thanks for your important knowledge and a new perspective for personal finance!
Some passive income ideas may be relatively easy to set up and maintain, such as investing in dividend-paying stocks or renting out a room in your home. Other ideas may require more time and effort to set up and manage, such as starting a side business or investing in real estate. It is important to consider the amount of time and effort you are willing to commit to a passive income idea before beginning. Additionally, it is important to be consistent and committed to your goals to ensure success.
Is this really a good time to buy stocks? I know everyone says the market is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this market raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
Usually you just hold your investments. The market goes down but it goes back up. You will get that value back. Although this relies on you investing wisely. Like don't invest in a magazine company or something when the print industry is dwindling. But if you've got Google stock and it tanks, don't panic it'll come back. If you don't know what you're doing invest in a managed fund like the s&p 500 or something.
One of my favourite TH-camrs. You are a delight to watch and listen to. I left school years ago but this is the most educational learning I have ever received, and one I genuinely feel interested in. I started an Etsy this year, which hasn’t made anything but like you said, there isn’t a thing as a get rich quick scheme…everything takes time. Great video as always.m
I acknowledge the stock market's potential for passive income, with some investors earning over $40k monthly. While eager to enter the market, I'm cautious about avoiding mistakes. Are there any safe investment options?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
She goes by ‘’Marissa Lynn Babula” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Hi Nischa. I'm not sure how much you would know about this topic, but I would love it if you did a video on how and what to teach our children about financial literacy. Practical ways to start teaching them and how and when. All good if you can't. God bless.
All of these ideas work! Once you have the traffic and traction, the options really open up, and things become a lot easier. Good stuff, Nischa. And to everyone out there, hang in there y'all! 🙏
TH-cam is my favorite here after dividends, granted I'm a bias finance channel, but it really is quite life changing in how much you can learn from it, building a channel!
You are probably among the top 3 youtube channels I have discovered this year. Clear informations, honesty, transparency, a real desire to help. It's refreshing. Thanks for that.
I like to call passive income really "offset active income" because most of them all require time to setup or money and time to create. I think Dividends (and REITs) are possibly the only real passive income options, but they each require money and time to grow. Everything else requires some of your time to maintain.
@@zube2007 investing can be mostly passive. Most of the others still require time to keep going and running. Investing requires a lot of money to make truly passive income, but you can set it and forget it and it will will (hopefully) grow. Anything else that requires you to trade time for money up front are not truly passive and they often still require maintenance time.
When I read/hear about passive income it sounds great but I get overwhelmed. Not only is everything I do service-based but I also get sooooo overwhelmed with computers, social media (which I no longer use) etc. I use my computer mostly for text documents, reading books, reading articles, and occasional watching videos. I just really have no idea what I could even come up with as a passive income idea, and even more overwhelmed about the actual process of creating a video or ebook or online class about it.
With you there. Wondering how you're seeing things now? Someone said it's never too late to invest so let's keep learning and something will give. Good place to start I think is to prime your mentality for success to happen. Then you'll never give up.
Thank you so much for the ideas, Nischa! Would you also consider creating a video detailing how to disclose the pursuit of a side hustle with your current employer? E.g., when (and if) to disclose, how to manage it, etc. That would be also extremely useful, and keep up the great work!
5:07 i think the tricky part about the online course thing is that it is “easy” if you got a following through content creation but if you’re a random person getting traffic to your course is tough
Thank you for being so open about your income streams. Most people shy away from sharing numbers, but I think it helps give others hope that they too can be financially successful.
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've been following many TH-camrs over the years that give advice on finance and wealth creation. I only came across you a few months ago, but you're already my favourite TH-camr of the 241 that I subscribe to across various subject matters. I've been thinking of starting my own channel, but the problem is that as much as you are a huge inspiration to me, you're equally someone that I look at and tell myself 'i can never be as good as Nischa, so why bother'. I have a huge yearning to get started, but studying yourself and other successful TH-camrs I realise that you have to have great knowledge, charisma, looks and speaking voice to even stand a chance of making this a full time gig. I'm gaining the knowledge but have none of the other elements. The biggest thing I have is passion, but the reality is that's not enough to be successful. Nonetheless, I'm gonna keep watching and try to keep focused on how motivational you are. Much luv & respect!
Hey, firstly - thank you for writing this. Secondly, I have felt that way in a lot of things I’ve done. I’ve watched other people and thought I have nothing on them why should I even bother, but it’s through trying (& often failing) different things that eventually gets you on the right path. I guarantee, there are going to be things that I will never be as good as you at. It may not be TH-cam- it may be podcasts, or writing, or acting, or something completely different, but you’ll only know if you give it a shot. This is a long answer but I’ve been in your place, don't let these thoughts hold you back Xx
I don't know you but I hope you let go of these defeatist ideas and jump in. If you're shy about showing your face on TH-cam, then use alot of video graphics etc and just use your voice over. If you don't feel you are articulate, then script what you will say and read it conversationally. There are so many ways to do what you wish to do without compromising your comfort level. Do it!
The property market in the UK is so messed up. Homes shouldn't 'earn' more money in a year than most people. Landlords make the situation much worse. It probably wouldn't be so bad if anyone needing a primary home to live in was given the first opportunity to buy a property, before those looking for a rental investment were allowed a look in, but as it is now rents and property values are so high its incredibly difficult for the average person to save for / buy a first home.
Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.
Using a CFA is advantageous as it uses after-tax funds and allows tax-free growth. When I retired, I had $3M million saved, and I won't be taxed on my withdrawals.
As long as you stay in the market for the long haul, there's never necessarily a bad time to invest. Even if stock prices plummet tomorrow, you're likely to see positive returns over time. The sooner you invest, the more time your money has to grow -- and the more you can potentially earn.
Cynthia Mcclure Alexander 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.
we had invested through Cynthia Depken for years. The market had its ups and downs, but in the long run it did very well for us. With my pension, social security, and investments we can live comfortably. We are now able to fully enjoy our hobbies, travel, family, and making new acquaintances.
As a beginner in stock, I found these comments helpful so curiously searched for her full name and her website popped up immediately. I looked through her credentials and passed exams before appointment booking.
TH-cam algorithm got it this time. Discovered your channel for the first time and I watched 8 videos already and now how a totally different mindset about finances. Precise, clear and straight to the point topics. You've earned a subscriber here. Thank you Nischa.
My wife and I have re-budgeted and will be putting $30,000 a month into our portfolio starting in 2024. We live off of my income and invest all of hers. Having a partner who shares your goals is powerful.
THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 52, my husband is 55. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably from retirement fund, let's say 1 million bucks.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.
I totally agree, I'm 60 and just retired with about 1.2 million in external retirement funds, no debt, and very few dollars in retirement funds compared to my portfolio balance over the last 3 years till the date. tbh, the role of the CFP can only be overlooked, not denied. just do your research to find a reputable one.
@@Ammo-Hoarder Would you mind sharing information about the counselor who helped you? been saving for a pension since the age of 18 - company scheme. along the way I earned higher taxes so I added to my company pension a SIPP (tax benefits) I'm 46 now and would love to grow my finances more aggressively there are some cars I still want to drive some mega vacations, etc
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
I really love the structure of this video, it is so easy to follow and I love how you really explore what the option will look like in real life. Thank you so much!
I feel like online courses are so much effort up front and the chances of it paying off are so low. I agree with the other ones though :) I also make around 5k a month passively and won't ever look back now
I spent months writing an e-book that made me about $20 in revenue. Considering I spent about $100 on ads to market it, it was not the best use of time.
I discovered your channel through this video, and I must say the case studies you share are incredibly insightful. It’s a fantastic reminder that building wealth is about consistency-like setting aside funds regularly for smart investments. Diversifying your investments across different asset classes, such as bonds and real estate, is a great way to mitigate risk and grow your portfolio steadily over time. Looking forward to seeing more valuable content from you!
Really helpful info, thankyou. Would love ot see more content from you directed at people earlier on in building reseourses, income etc - accessible beginner stuff!
Awesome! your potential seems timeless. Good time management, diversifying income flow and chalking out a plan remains the smart way to prepare for the unexpected and the best way to grow and sustain wealth. 4yrs in investing space and extremely pleased with the decision I made. The good news is - it’s not too late.
Hey Nischa, You probably have a video for this already, but just in case, how could we figure out how much we should be investing and reinvesting for these index funds? Thanks!
I’m 53 and have about $225k liquid in savings which I plan to put towards becoming a homeowner, but based on the current high prices on real estate, do you suggest I hold from buying and look at dividend paying stocks instead?
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a license financial specialist can certainly help
Agreed, I'm in line with having a fudiciary oversee my day-to-day investing, cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well diversified and has just 5X in 5 years, summing up nearly $1m as of today.
@@beautifulpeopleonearth I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now.. mind if I look up the professional guiding you please?
thanks for the lead. I just searched Annette by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
Can u make a video about how to invest in index funds? all the steps on how to get started if one has a dmat ac and how to choose a fund using an example.
5 years ago I took three photos with my cellphone and sent them to stock photo websites and they sold, so then the pandemic came along so I began creating graphics with text and sold hundreds during that time. Today I have over 60,000 at a stock agency which gives a relatively stable side income. Everyone has a cellphone and most have no idea how powerful it can be when used as a tool with knowledge.
Thank you 👍🏻 Though I have a serious question regarding the digital product online course subject, How can you protect it if you're not showing a face and if it's on PDF? Is there something else better than PDF as in more protected and secures someone who is selling anonymously? The answer would be much appreciated.
You are amazing Nischa - I recently found your channel (shout to the algorithm sharing lol) and I am sooo appreciative of your perspective ! It’s honest , relatable , transparent and fresh. And to see a woman of color speaking on these kinds of topics is double inspiring ! Keep it up and know you’re reaching people all over the world and bettering lives with the knowledge and experiences you are sharing ☺️✨🙏🏽
Your content is highly relevant! We are Canadians that live in California. I share your content with my 18 yo daughter and with my business partner. Thank you so much!
Nischa, You are such an inspirational boss lady. I love every piece of content you post. You are definitely very highly knowledgeable, and you know exactly what you are talking about. Thank you for your knowledge and generous encouragement. 🙏
side note not about the content; there's a black bar at the top of your video. i think you just need to shove your frame up a little, or increase the scale of the clip when editing. hope this helps :)
So I was thinking about your video and what i appreciate about your video today is when you said "there is no get rich quick scheme and dont believe anyone who tells you there is". Thank you for telling us the truth! Im sure your channel will blow up. Good will, Karma and blessing in your direction.
I do four of these, TH-cam, affiliate marketing, have an online course and sell digital products. The online course is the most passive as I've done nothing since uploading it and it generates income every month. I think with TH-cam it really depends on the content you create, evergreen content is pretty passive but other types not so much. The least passive is affiliate marketing through my blog as I work 7 days a week on it. Great video as always,
I’d love tips now that are more realistic, buying property isn’t feasible for everyone especially in this economy. I love index funds but you do have to start with thousands. Thanks!
One thing people fail to do (especially millennials) is INVEST. I made my first million from blue chips and top etfs using a broker so i invested and re-invested my profits. I also acquired large amount of high-quality dividend-paying stocks too that gives me a solid base of passive income. ever grateful to Olivia Maria Lucas handling my portfolio, two years now and she still surprises me, she's actually the only person i know that's richer than me haha
You are so classy and elegant. So far I have found your videos most easy to understand and helpful out of any finance videos online, hopefully this is the start of me understanding investing properly!
👉🏽 My Intentional Spending Tracker (free) - nischa.me/intentionalspendingtracker
please consider doing a tutorial video for this tracker
You should do modeling.
Hi @nischa, do you ever have q and a?
Is there an email specifically for this? Thanks for your videos
A comprehensive video tutorial please
Hi Nischa... Kindly share any investment opportunities in an African context setup if knowledgeable
When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
Her name is. 'GRISELDA ELENA JEMMOTT’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Wow a TH-camr in the personal finance space that actually gives a realistic perspective of additional passive income streams!!! So many TH-camrs oversimplify their suggestions and make things seem SO easy but your actually rated the difficulty to start and overall maintenance. Kudos to you!! And a big thumbs up!!!
Yeah, very down to earth onformative video
But 19.000 a week as a passive income is... Realistic?
@@mayamorabito1669she said herself it took a bit to get to that point through TH-cam and affiliate links
@@mayamorabito1669 I think it would be pretty awesome for even $200/month in passive income. A person could putthat into more investments and watch it grow.
@@mayamorabito1669there are people who make 1mil a year, divide to 12 then to 4 and see how much a person or business can generate
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life.....
As an independent man I started my first investment plan with just a $1,000 and now earning weekly income of $8,700 in cyptocurrncy exchange with my personal brker
@@sarkiali3958Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?
Btcoin has been rising for a while now and it might keep rising or decide to fall again. The truth is no one knows, I believe it’s right time to make purchase and also get the assistant of a professional
Please how can I contact this woman Stacy Griffin? I will also like to invest with her
I have also come across her on insta gram
TH-cam algorithm got it this time. Discovered your channel for the first time and I watched 8 videos already and now how a totally different mindset about finances. Precise, clear and straight to the point topics. You've earned a subscriber here. Thank you Nischa.
Yeah, so simplified
You come across as very sincere and honest. No bullshit, no sales talk just a lot of knowledge and experience.
I like that.
You deserve every penny that you make.
I am 34, almost 35 year female senior accountant at a big international corporation. I have been working there for 8 years(2 our of those 8 were a maternity leave) and I did my best to climb the competency hierarchy as much as possible. Since I came back from maternity leave 2 years ago I really pushed for all the raises and promotions as possible. I got promoted twice and my last raise was with 21% .. I have paid off my mortgage 6 months ago. Combining all those factors I realized now I have an income high enough above my means and I can start working on more ambitious financial goals. Also, I realized my next step in the career aspect is to the position of people management. Seeing how time and energy demanding are those positions, I know I don't want it. And although as an accountant I am aware of the concepts you share on your channel, the you structure it and explain it really helps me to think differently. Thank you so much! I am binge watching your content right now and your mindset is really the perfect combination in nowadays for me. People who are good with numbers, have analytical mind , and yet think about bigger picture, contemplate on more philosophical ideas and are self-aware are the ones who really are going to be in top in the future! I see myself like this, I have always been good with numbers, this is what I do. But I have also an artistic side to me that is waiting to be developed. For example, corporate climbing beyond what I have reached will now take more resources and energy than it will give me, so I will seek different type of growth. For more than 10 years I dreamt of having a blog to write and share ideas on different topics, create a TH-cam channel because I love to talk, but never mustered the courage to do so. You are inspiring me to take actions I have been postponing and finding excuses not to do for years! Thank you, Nischa!
Reading this now - you are amazing!! I've just subscribed to your channel. Keep going, you've got this!
@@nischa thank you so much for this comment! It means the world to me, especially because it is coming from a woman I see as such an inspiration, a role model. Today I have laid out a schedule for me to produce my first real video with a topic dear to me - mindset shifting. Again, thank you for your kind words of encouragement!
I too subscribed. You’ve got this!! And I can 100% relate as I’m in the same situation.
@@samiraali1312 Thank you! I am really overwhelmed by the reaction to this comment. I think it alone gave me few subscribers, not to mention Nischa. This is actually very motivating as feel now obligated to push though my fears and excuses. I have started working on videos and will start posting soon and just put myself out there finally after so many years watching from the shadows. Good luck to you and I can't wait to see your progress :)
you say you enjoy talking, well look into Audible too?
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ 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.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Nischa is one of the most inspiring & valuable person to be around. Her videos are great. Who agrees? One of my inspirations to start my own finance/business content🤝
Totally agree
Virgin
I love how open and transparent you are with your earnings, it makes for much more believable content. And there is such a calmness in your approach, no blatant selling, just value, value in every word you say. Thank you
This is, imo, the best educational finance channel on TH-cam right now. Clear, concise, straight to the point and not packed with adverts.
This is the single most useful and non-fluffy channel on TH-cam. Never change.
Your videos have become a staple of my Sunday routine. Love your content, it's concise easily digestible while discussing concepts with the perfect amount of depth. Thanks
Thank you James!
I feel like it’s so refreshing seeing helpful and down to earth financial content, and coming from a women makes it like a million times better for me
Rentals - doing those for several years - a lot of work... nothing "passive" about it! I loved your video and plan to watch it again.
The issue I have with all scalable income ideas is not that they are in themselves wrong. It's just that the chance to actually get there is infinitesimally small. For every successful youtuber or influencer there are hundreds of thousands of failed channels.
Survivorship bias for sure. Definitely worth noting that most “passive” income fails
What side are you on as Blcktken300 divides the wealthy from the poor?
Just found your channel and I'm really enjoying these videos as they are very clear and concise for investment newbies. No real gimmicky clickbait titles, silly meme/vid inserts, or vague nebulous answers. With the way the world is going, I'm looking to learn more about investing and alternative revenue streams. More importantly, I want to teach our daughter about investing and generating money, which my parents never passed on.
Thanks to such videos, I set up my own business 9 months ago and have been selling digital courses and e-books. I’ve already made more money than I make in my day job as a director in the City of London (where I am in fact still working). So, it is possible and really fulfilling! 🙏🏼 I love watching your videos, Nischa - thank you for inspiring me every week ♥️
Hey @magdalenabritish. What type of digital courses and e books to you sell, and on which platform have you been selling your course? Would be valuable information. Thank you 😀
Amazing what kind of books ?
I discovered your channel today and only with 2 videos, I can definitely say the value you provide with these videos to whom really look for it is enormous...
Thanks for your important knowledge and a new perspective for personal finance!
Some passive income ideas may be relatively easy to set up and maintain, such as investing in dividend-paying stocks or renting out a room in your home. Other ideas may require more time and effort to set up and manage, such as starting a side business or investing in real estate. It is important to consider the amount of time and effort you are willing to commit to a passive income idea before beginning. Additionally, it is important to be consistent and committed to your goals to ensure success.
Could you please give some dividend paying stock that could be invested in
20 views
Hello ChatGPT
Is this really a good time to buy stocks? I know everyone says the market is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this market raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
Usually you just hold your investments. The market goes down but it goes back up. You will get that value back. Although this relies on you investing wisely. Like don't invest in a magazine company or something when the print industry is dwindling. But if you've got Google stock and it tanks, don't panic it'll come back. If you don't know what you're doing invest in a managed fund like the s&p 500 or something.
And it's always a good time to invest for the most part.
Love the Blcktken300 content. I think this project is just as essential as HBAR and they both will be great movers
You've talked more sense about this topic than anyone else I've ever heard. Brilliant, thank you!
Blcktken300 gang in the house! Thanks for the analysis!
One of my favourite TH-camrs. You are a delight to watch and listen to. I left school years ago but this is the most educational learning I have ever received, and one I genuinely feel interested in. I started an Etsy this year, which hasn’t made anything but like you said, there isn’t a thing as a get rich quick scheme…everything takes time. Great video as always.m
I acknowledge the stock market's potential for passive income, with some investors earning over $40k monthly. While eager to enter the market, I'm cautious about avoiding mistakes. Are there any safe investment options?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
this is all new to me, where do I find a fiduciary, can you recommend any?
She goes by ‘’Marissa Lynn Babula” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Hi Nischa. I'm not sure how much you would know about this topic, but I would love it if you did a video on how and what to teach our children about financial literacy. Practical ways to start teaching them and how and when.
All good if you can't.
God bless.
Lead by example anything else is forced and will not work.
All of these ideas work! Once you have the traffic and traction, the options really open up, and things become a lot easier. Good stuff, Nischa. And to everyone out there, hang in there y'all! 🙏
Would u like to help me starting up ?
TH-cam is my favorite here after dividends, granted I'm a bias finance channel, but it really is quite life changing in how much you can learn from it, building a channel!
You are probably among the top 3 youtube channels I have discovered this year. Clear informations, honesty, transparency, a real desire to help. It's refreshing. Thanks for that.
I like to call passive income really "offset active income" because most of them all require time to setup or money and time to create. I think Dividends (and REITs) are possibly the only real passive income options, but they each require money and time to grow. Everything else requires some of your time to maintain.
I guess the idea is eventually some become mostly passive.
@@zube2007 investing can be mostly passive. Most of the others still require time to keep going and running. Investing requires a lot of money to make truly passive income, but you can set it and forget it and it will will (hopefully) grow. Anything else that requires you to trade time for money up front are not truly passive and they often still require maintenance time.
When I read/hear about passive income it sounds great but I get overwhelmed. Not only is everything I do service-based but I also get sooooo overwhelmed with computers, social media (which I no longer use) etc. I use my computer mostly for text documents, reading books, reading articles, and occasional watching videos. I just really have no idea what I could even come up with as a passive income idea, and even more overwhelmed about the actual process of creating a video or ebook or online class about it.
With you there. Wondering how you're seeing things now?
Someone said it's never too late to invest so let's keep learning and something will give. Good place to start I think is to prime your mentality for success to happen. Then you'll never give up.
I'm exactly the same!
Thank you so much for the ideas, Nischa!
Would you also consider creating a video detailing how to disclose the pursuit of a side hustle with your current employer? E.g., when (and if) to disclose, how to manage it, etc.
That would be also extremely useful, and keep up the great work!
Agreed!!
What would be the upside of disclosing? I would think at best the result would be neutral at worst the main hustle would not be accepting.
5:07 i think the tricky part about the online course thing is that it is “easy” if you got a following through content creation but if you’re a random person getting traffic to your course is tough
Thank you for being so open about your income streams. Most people shy away from sharing numbers, but I think it helps give others hope that they too can be financially successful.
Thank you for alerting people head on that there’s no get rich quick scheme. There are so many lairs on TH-cam these days.
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've been following many TH-camrs over the years that give advice on finance and wealth creation. I only came across you a few months ago, but you're already my favourite TH-camr of the 241 that I subscribe to across various subject matters.
I've been thinking of starting my own channel, but the problem is that as much as you are a huge inspiration to me, you're equally someone that I look at and tell myself 'i can never be as good as Nischa, so why bother'.
I have a huge yearning to get started, but studying yourself and other successful TH-camrs I realise that you have to have great knowledge, charisma, looks and speaking voice to even stand a chance of making this a full time gig.
I'm gaining the knowledge but have none of the other elements. The biggest thing I have is passion, but the reality is that's not enough to be successful. Nonetheless, I'm gonna keep watching and try to keep focused on how motivational you are.
Much luv & respect!
Hey, firstly - thank you for writing this.
Secondly, I have felt that way in a lot of things I’ve done. I’ve watched other people and thought I have nothing on them why should I even bother, but it’s through trying (& often failing) different things that eventually gets you on the right path.
I guarantee, there are going to be things that I will never be as good as you at. It may not be TH-cam- it may be podcasts, or writing, or acting, or something completely different, but you’ll only know if you give it a shot.
This is a long answer but I’ve been in your place, don't let these thoughts hold you back Xx
I don't know you but I hope you let go of these defeatist ideas and jump in. If you're shy about showing your face on TH-cam, then use alot of video graphics etc and just use your voice over. If you don't feel you are articulate, then script what you will say and read it conversationally. There are so many ways to do what you wish to do without compromising your comfort level. Do it!
@@LHHrentals Thanks for your encouraging words. I really appreciate it.
Do it! I'm a smaller finance channel and can say it's been a life changing journey just in amount you learn from it!
@@kevinsjournal I think I have no choice as you're my 3rd mentor of the day. Thanks for your encouragement.
The property market in the UK is so messed up. Homes shouldn't 'earn' more money in a year than most people. Landlords make the situation much worse. It probably wouldn't be so bad if anyone needing a primary home to live in was given the first opportunity to buy a property, before those looking for a rental investment were allowed a look in, but as it is now rents and property values are so high its incredibly difficult for the average person to save for / buy a first home.
But we aren't looking at buying the property you will buy. Landlords buy things that need work not new builds first time buyers go for
@@HorrorLadSteveo That's just not true.
She is wife goals
Read the price of tomorrow by jeff booth if you want to expand on this line of thinking
That's the way it goes unfortunately. You can't change it. It's not ideal but it is what it is. You have to get on with it.
Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.
Using a CFA is advantageous as it uses after-tax funds and allows tax-free growth. When I retired, I had $3M million saved, and I won't be taxed on my withdrawals.
As long as you stay in the market for the long haul, there's never necessarily a bad time to invest. Even if stock prices plummet tomorrow, you're likely to see positive returns over time. The sooner you invest, the more time your money has to grow -- and the more you can potentially earn.
Cynthia Mcclure Alexander 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.
we had invested through Cynthia Depken for years. The market had its ups and downs, but in the long run it did very well for us. With my pension, social security, and investments we can live comfortably. We are now able to fully enjoy our hobbies, travel, family, and making new acquaintances.
As a beginner in stock, I found these comments helpful so curiously searched for her full name and her website popped up immediately. I looked through her credentials and passed exams before appointment booking.
I think the timestamps got messed up on this video, because point 5 should start at 00:06:18
TH-cam algorithm got it this time. Discovered your channel for the first time and I watched 8 videos already and now how a totally different mindset about finances. Precise, clear and straight to the point topics. You've earned a subscriber here. Thank you Nischa.
Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!
LBTNCRP300X baby yessss !!!! I know LBTNCRP300X is a top winner
I love what u threw in there at the end about timelines I think a lot of people may have needed to hear that. You make the best videos!
Can LBTNCRP300X be staked on Ledger?
My wife and I have re-budgeted and will be putting $30,000 a month into our portfolio starting in 2024. We live off of my income and invest all of hers. Having a partner who shares your goals is powerful.
Your wife makes $30k a month doing what!? Holy smokes
@@Fog_of_War123that’s what I like to know.
30k that’s a lot of money bruv 😮
You've talked more sense about this topic than anyone else I've ever heard. Brilliant, thank you!
THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 52, my husband is 55. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably from retirement fund, let's say 1 million bucks.
Consider financial planning.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.
I totally agree, I'm 60 and just retired with about 1.2 million in external retirement funds, no debt, and very few dollars in retirement funds compared to my portfolio balance over the last 3 years till the date. tbh, the role of the CFP can only be overlooked, not denied. just do your research to find a reputable one.
@@Ammo-Hoarder Would you mind sharing information about the counselor who helped you? been saving for a pension since the age of 18 - company scheme. along the way I earned higher taxes so I added to my company pension a SIPP (tax benefits) I'm 46 now and would love to grow my finances more aggressively there are some cars I still want to drive some mega vacations, etc
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
I really love the structure of this video, it is so easy to follow and I love how you really explore what the option will look like in real life. Thank you so much!
Just love your content! Look forward to it every Sunday. Thank you for being so transparent as well :)
This is super structured information delivered in a very digestible way!
Your content pushed me to start my channel. For that I wanna say thank you 🙏🏼
Thanks
LBTNCRP300X gang in the house! Thanks for the analysis!
The way she says “service” is lovely
Great content. The consistency is unmatched.
I've watched a lot of your videos and I've been following you for a long time. Your videos are great
Nice one Nischa. Loving your explosive growth in such a short period of time. Keep it up ❤
I'm sharing this with my parents! 🖤 Thank you!
Thank you for being open and sharing your own experience
I feel like online courses are so much effort up front and the chances of it paying off are so low. I agree with the other ones though :) I also make around 5k a month passively and won't ever look back now
Thank you for sharing. Amazing to hear about the passive 5k
Hoe did u start ?
Hoe did u start ?
I spent months writing an e-book that made me about $20 in revenue. Considering I spent about $100 on ads to market it, it was not the best use of time.
You ARE LOVELY! Thanks for the time you spent making this video.
Great ideas, Nischa! Thank you for sharing your knowledge in such an understandable way!
I discovered your channel through this video, and I must say the case studies you share are incredibly insightful. It’s a fantastic reminder that building wealth is about consistency-like setting aside funds regularly for smart investments. Diversifying your investments across different asset classes, such as bonds and real estate, is a great way to mitigate risk and grow your portfolio steadily over time. Looking forward to seeing more valuable content from you!
Really helpful info, thankyou. Would love ot see more content from you directed at people earlier on in building reseourses, income etc - accessible beginner stuff!
literally asked for this vid to me made yday and you release it today!
Awesome! your potential seems timeless. Good time management, diversifying income flow and chalking out a plan remains the smart way to prepare for the unexpected and the best way to grow and sustain wealth. 4yrs in investing space and extremely pleased with the decision I made. The good news is - it’s not too late.
Thanks for sharing this amazing content. Some how I subscribed your channel and couldn’t be more happy
Hey Nischa, You probably have a video for this already, but just in case, how could we figure out how much we should be investing and reinvesting for these index funds? Thanks!
Good Clarity from minor to major aspects of topics.
Thanks for quality content.
I’m 53 and have about $225k liquid in savings which I plan to put towards becoming a homeowner, but based on the current high prices on real estate, do you suggest I hold from buying and look at dividend paying stocks instead?
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a license financial specialist can certainly help
Agreed, I'm in line with having a fudiciary oversee my day-to-day investing, cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well diversified and has just 5X in 5 years, summing up nearly $1m as of today.
@@beautifulpeopleonearth I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now.. mind if I look up the professional guiding you please?
Annette Louise Connors is the fiduciary I use. Just research the name. You’d find necessary details to work with and set up an appointment.
thanks for the lead. I just searched Annette by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
it's kinda crazy how nobody's talking about the forbidden ebook called Secret Pathway to Triumph
It's crazy how everbody's talking about the forbidden ebook called Secret Pathway to Triumph
Beep boop beep, mr (ro)bot
Can u make a video about how to invest in index funds? all the steps on how to get started if one has a dmat ac and how to choose a fund using an example.
I clicked Like after 10 seconds because of your awesome British accent, love it! Good tips too of course.
Transparent/real + intelligent! Keep it up girl, loving the channel
5 years ago I took three photos with my cellphone and sent them to stock photo websites and they sold, so then the pandemic came along so I began creating graphics with text and sold hundreds during that time. Today I have over 60,000 at a stock agency which gives a relatively stable side income. Everyone has a cellphone and most have no idea how powerful it can be when used as a tool with knowledge.
love that idea!! going through my phone right now...
Clear, concise and very informative. A big fan of your content. Keep up the amazing work. Cheers to you 😊
Thank you 👍🏻
Though I have a serious question regarding the digital product online course subject, How can you protect it if you're not showing a face and if it's on PDF? Is there something else better than PDF as in more protected and secures someone who is selling anonymously? The answer would be much appreciated.
I'd love to know this, too. So much theft of ideas in the online space....
You have brighten my day with your blessed light ✨️
You are amazing Nischa - I recently found your channel (shout to the algorithm sharing lol) and I am sooo appreciative of your perspective ! It’s honest , relatable , transparent and fresh. And to see a woman of color speaking on these kinds of topics is double inspiring ! Keep it up and know you’re reaching people all over the world and bettering lives with the knowledge and experiences you are sharing ☺️✨🙏🏽
Your content is highly relevant! We are Canadians that live in California. I share your content with my 18 yo daughter and with my business partner. Thank you so much!
Best way to spend Sunday morning. Thanks for your content.
Thanks for this.
cant believe how valuable this information is 🙌🙌
Nischa, You are such an inspirational boss lady. I love every piece of content you post. You are definitely very highly knowledgeable, and you know exactly what you are talking about. Thank you for your knowledge and generous encouragement. 🙏
side note not about the content; there's a black bar at the top of your video. i think you just need to shove your frame up a little, or increase the scale of the clip when editing. hope this helps :)
So I was thinking about your video and what i appreciate about your video today is when you said "there is no get rich quick scheme and dont believe anyone who tells you there is". Thank you for telling us the truth! Im sure your channel will blow up. Good will, Karma and blessing in your direction.
Love the transparency Nischa.
Keep up the content!
Could you do a video on trust Vs limited companies at some point down the line please.
My word, you are absolutely GORGEOUS!
I do four of these, TH-cam, affiliate marketing, have an online course and sell digital products.
The online course is the most passive as I've done nothing since uploading it and it generates income every month. I think with TH-cam it really depends on the content you create, evergreen content is pretty passive but other types not so much.
The least passive is affiliate marketing through my blog as I work 7 days a week on it.
Great video as always,
I’d love tips now that are more realistic, buying property isn’t feasible for everyone especially in this economy. I love index funds but you do have to start with thousands. Thanks!
One thing people fail to do (especially millennials) is INVEST. I made my first million from blue chips and top etfs using a broker so i invested and re-invested my profits. I also acquired large amount of high-quality dividend-paying stocks too that gives me a solid base of passive income. ever grateful to Olivia Maria Lucas handling my portfolio, two years now and she still surprises me, she's actually the only person i know that's richer than me haha
Wow, great work. you surely made a good bit of money
She appears to be well educated and well read. I ran a google search for her name and came across her website; thanks for sharing.
Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.
So on point and condensed, thank you so much for creating such great content!
Any views on Tesla shares being down and potential issues of the SVB will cause?
You are so classy and elegant. So far I have found your videos most easy to understand and helpful out of any finance videos online, hopefully this is the start of me understanding investing properly!