Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
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.
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 TH-cam 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.
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!
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.
@@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.
@@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..
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
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
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..
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
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…
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.
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.
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.
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
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!
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.
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
Investing has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it. Do not let anyone tell you it’s impossible to have a good retirement.
Luck is way off the picture. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $16k spread across stocks (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term. Now with over 91k in roi, I sit back and just reinvest at intervals while I handle my other businesses.
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
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 was told to spread my money across different things like stocks and bonds to protect my $750k retirement savings. Now, with the markets being shaky, should I keep adding money to my portfolio or consider other options?
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Finding financial advisors like Sonya Lee Mitchell who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.
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.
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.
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.
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.
$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.
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 😂😅
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.
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.
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! ❤
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
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.
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.
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.
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.
@@spelonscare 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 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.
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’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 ❤
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?
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.
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.
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. ❤❤
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
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.
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!
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
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.
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!
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.
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.
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.
I've had the most success investing in properties, but haven't had as much luck with the stock market. With my first $100,000, I'm still trying to determine the best approach for a second job. I own two rental properties, but the income they generate is still significantly less than what I earn from my primary job. I would need five properties similar to them to match my current salary, or I'd need a second job to supplement my income. I have a passion for luxury bags and shoes; they genuinely bring me joy. I'm willing to cut back on other expenses. My home is very minimalist, and I don't travel frequently.
as someone that hit that mark recently, i can say one other way is to look at what you waste money on, even the little stuff matters, like lets say you do the euromils for £2.50 and do the 2 a week, thats just 20 quid a month so seems like nothing, however over your working life (45 years) if you put that in a high yeild account of 5% (investing may return more etc etc) you`d save 11k of your own money and it would be worth 40k. fwiw if you looked at 8% return with investing over the same time period its 100k value, you can apply this to anything thats a fiver a week like your coffee, going for one less pint etc etc, the little tweaks can have large results given time,
This is fantastic advice. I've saved £150k from my full time job. I earn £83k (was on £50k last year) and aim to save/invest around £3k a month and I am still able to go on holidays, go to theatre shows, eat out etc. When you max out the ISAs where do you put your money? I get a bit stuck on that
How old are you if you don’t mind me asking? And do you pay rent/mortgage. Just curious as I’m on similar money (slightly less) and thought I was saving well but sheesh £150k is different gravy
@@C63Bez I'm 42 so prob older than you. I do have a mortgage and currently pay £690, will be going up in November so I'll be starting overpayments asap. You are doing great, just be persistent and consistent 😊
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 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!
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
Here is my issue if you can call it that. We are 100% debt free, have an income of 250K a year. (wife still works) I was raised dirt poor like so many other Americans. I'm uncomfortable being comfortable. I always had to give something up to get something but no longer have to do that anymore. I find it difficult to buy things or enjoy this new freedom the past year and half. I'm 59 and wife is 62 and have a great retirement saved, awesome Investment portfolio and Pension coming in. How do i get past being frugal still and start to change the way we think after living and earning and building wealth for 5 decades+. Hard to think that we could go on a $15-20k vacation and not even notice it gone but my brain says don't do it you may need it someday. What can i do to help change that mind set?
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
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.
Although I'm on minimum wage, I have started investing, but my tax rate is 30% on interest. This makes any momentum feel slower :( I just hope it will pick up. I am throwing as much spare cash as I can into it while still leaving wiggle room for living expenses and very occasional treats
Just a question, where is this £100k? I have over £100k in equity in my mortgage for example. Which is where I have been concentrating most. Equally, I am pretty close to £100k in my pension. And another £35k or so in my companies share scheme. So none of that is "really" open to me choosing where to invest that money. So should I start another fund with a view to getting to this £100k? In a stocks & shares ISA for example? I am guessing my money is probably better invested more into my pension due to the Government tax breaks available here. For example, I was considering considerable uplift in pension contributions, then investing the annual HMRC tax returns into an ISA. But this would take a significant amount of time to get the ISA to 100k (~15 years). Would I be better splitting that investment between pension and ISA then? Or am I basically on track here, as overall I'll be closer to £250k of "investment" at this stage?
My partner and I did this by us saving my salary and living on hers. The only thing I spent on was fuel for my car and my pension contribution. If you can do that you have double the savings strength together.
Hey Nicha I spent my early 20's working for famous chefs in Canada and it was an invaluable experience though I was broke the entire time. From age 24 to now 29 I have been an entrepreneur and investor. Ebay, FB Marketplace and a Canadian platform Kijiji. I run a goods store from my bedroom. A good month is around $6000 Cad and an okay month is $3500 I am investing in the S&P 500 in USD and CAD, TFSA, RRSP and High Yeild Savings account. Rn I will have about 1.5- 2 Million by age 55 and I turn 30 next year I feel like like I woke up just on time.
Hi Nischa! What am doing to get to my $5k- 100k saving goal is my daughter got us a 100 envelopes saving Challenge bk in Oct.2023 and today is the 100 day Jan. 30, 2024. Didn't make the goal in 100 days, but am half way their. And it certainly makes you push and think of other ways to make income.
I'm a late starter. Got out of a retail job, got in a professional job back in 2015...but have NEVER been serious about investing till now. I'm 41 years old, my wife and I are very motivated to invest and start growing our money. Problem is we can't get back the time we wasted so we want to catch up...fast. While still being risk adverse. I know I know...that's the magic combination everyone is looking for. But there's gotta be some time tested best practices worth high lighting. We have a nice little chunk we can start investing but have NO idea where to begin. Any suggestions?
Great video and have really enjoyed watching your work. I am doing the work to reduce my costs and live below means. I rent a flat and have just put a deposit down on a smaller unit as it suits our requirements more and saves us $750 per month which I intend to save/invest Thanks
I am hoping to get to the 100k on my Vanguard S&S isa by next April. My only concern is breaching the FSCS £85k limit. Shall I not worry about it or put the final 20k with another broker? Thanks.
I've managed my first 100k in 2 years (in my country's currency, but the value is the same). Although it was quick, it was still extremely hard. And I can say that yes, it's easier now. I'm not just talking about ability to multiply, but the fact you know exactly what to do next time. My way was similar - increasing main income, projects on the side, living below and compounding. I had success with everything, because I'm very cautious. I'm not going to do something that I'm not resonably sure that would work. It needs much more effort and time every day though.
Hi Nischa! Love your videos. Quick question for you. I have done 3 hard money loans. I got paid on them, and borrower is asking me for interest paid form? Im not sure what form do I give him? Is it a 1099 INT? Please help.
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.
Hi i had to comeback to this video to ask a question. Ive been informed that investment banks are making loads of jobs redundant and they are reducing number of colleagues (in specific HSBC). Could you please make a video on this topic? - could you talk about all major investment banks too. Thank you!!!
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.
Told my sister today about this great TH-cam 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!
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!!
👉🏽My free “Save your first $100k”tracker: nischa.me/personal-finance-tracker
🔥🔥✨
The email with the tracker download doesn't seem to be coming. I've tried 3 times now and still no email. Any ideas?
@@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
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!
@@Homeboy321try again mine working at second try
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
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.
Thanks for that 😂
Actually the number would be more like around $220,000 -$230,000 but your point is well taken.
Most important is to start saving, and make it a habit.
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 TH-cam 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.
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!
young adult bot 🤔
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.
preach! more people need to understand this and start ASAP
S&P 500?
@@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.
@@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..
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
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
Yes, failure isn’t the opposite of success… it is part of it.
I will do!
@@nischathanks!
@@nischa thank you!
Thank you!
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..
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
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.
You are not young.
You are definitely not young 😭
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…
31 is young!
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.
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.
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.
@@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
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
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.
A job should be there to learn or to earn, ideally both. Love that. Going to have to remember that one.
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!
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.
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
Investing has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it. Do not let anyone tell you it’s impossible to have a good retirement.
How are you able to do it? Not everyone is as lucky as you know.
Luck is way off the picture. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $16k spread across stocks (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term. Now with over 91k in roi, I sit back and just reinvest at intervals while I handle my other businesses.
To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward in my finances. It’s all gambling.
Is he taking new clients? I'll be 56 soon I hope it's not too late. This whole stuff is just too complicated for me. I don't mind using some help.
Hermanw jonas that’s his gmail okay
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
I appreciate the listings @dotpenji.
wow , thanks for listing
Thanks for this!
thanks for the insights
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 was told to spread my money across different things like stocks and bonds to protect my $750k retirement savings. Now, with the markets being shaky, should I keep adding money to my portfolio or consider other options?
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Finding financial advisors like Sonya Lee Mitchell who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.
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.
@@harrisahmed3066 she surely goes by the name Lisa Rosa Cavanagh. do an online search to find her.
Congrats and amazing!! Question what is the percentage of that 1.2M Pre vs Post Tax?
Go on that vacation
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.
@@palmtree-e2l especially with your aging family :'(
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.
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.
$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.
No sure if you're including growth, but $500 x 120 months is $60,000
What do you mean put it in the "market"?
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 😂😅
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.
As a NHS doctor I wish you good health ... May you keep delivering such inspiring lectures.
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.
Update?
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! ❤
100%. Love this!
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
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.
Thanks for sharing your story! It's a pleasure to read :)
Crikey , what country can you buy a property for 5K ?
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.
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.
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.
@@pseudocode1 Yes, I am stuck paying the "principle [sic]" and interest (
@@spelonscare 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?
@@pseudocode1 Sorry, I'm too busy decorating my house that I bought in 2021 when interest rates were 2% to explain
@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.
Congrats on reaching 100K Nishca and congrats on half a Mil Subs!!- The channel is Blowing !!
Thank you!
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.
The tip about Creatively living below your means is such a game changer! Thanks for sharing.
PLEASE make the failures video. So helpful to see how others have tried, experienced challenges and overcome.
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 ❤
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?
Both! It can be retirement and non-retirement accounts
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.
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.
Update
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. ❤❤
I’ve got a few property ones coming up :)
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
Can I ask what side hustle is please?
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
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.
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!
10% over 10 years is quite ambitious. 7-8% more achievable. Better to err on the conservative side imo.
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
Definitely would love a video talking about those things that didn’t work as side hustles and why.
Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!
This is a bot comment I’ve seen on multiple finance videos
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.
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!
I’ve rented out two of my bedrooms and converted my living room into a bedroom for myself in my early 20s. 😂
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.
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.
Do u plan starting living at 80?
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.
I’m at $84,000 now.
Good job, you can do this!!
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
Love your content! It keeps me driven and motivated. It also helps me stay on the right track for my goals.
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.
omg, im loving it!!! "If you fail, then fail fast and fail forward." So much dense wisdom!
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
is that legal?
I've had the most success investing in properties, but haven't had as much luck with the stock market. With my first $100,000, I'm still trying to determine the best approach for a second job. I own two rental properties, but the income they generate is still significantly less than what I earn from my primary job. I would need five properties similar to them to match my current salary, or I'd need a second job to supplement my income. I have a passion for luxury bags and shoes; they genuinely bring me joy. I'm willing to cut back on other expenses. My home is very minimalist, and I don't travel frequently.
same. I travel and buy luxury bags twice a year and i would not change anything about it. I work and save like crazy to travel and buy bags.
as someone that hit that mark recently, i can say one other way is to look at what you waste money on, even the little stuff matters, like lets say you do the euromils for £2.50 and do the 2 a week, thats just 20 quid a month so seems like nothing, however over your working life (45 years) if you put that in a high yeild account of 5% (investing may return more etc etc) you`d save 11k of your own money and it would be worth 40k. fwiw if you looked at 8% return with investing over the same time period its 100k value, you can apply this to anything thats a fiver a week like your coffee, going for one less pint etc etc, the little tweaks can have large results given time,
Hi what are your thoughts on offshore investing? Currently looking into this as i find its more favourable in interest rates.
Love the structure to this... noticeably different
And love you used the word Mindful too 😅
This is fantastic advice. I've saved £150k from my full time job. I earn £83k (was on £50k last year) and aim to save/invest around £3k a month and I am still able to go on holidays, go to theatre shows, eat out etc. When you max out the ISAs where do you put your money? I get a bit stuck on that
How old are you if you don’t mind me asking? And do you pay rent/mortgage. Just curious as I’m on similar money (slightly less) and thought I was saving well but sheesh £150k is different gravy
@@C63Bez I'm 42 so prob older than you. I do have a mortgage and currently pay £690, will be going up in November so I'll be starting overpayments asap. You are doing great, just be persistent and consistent 😊
At that level of salary, if you don’t mind tying up the money, pensions are the no 1 option.
@@davidhumphries3614 agreed definitely. 🙄
Perhaps high interest savings accounts. I put mine in Tandem. They offer up to 5% interest a year. If not, maybe dividend stocks
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.
Hi! Please make a video or share the link for the businesses you failed and how you learnt and adjusted ! Thank you
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!
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
Thinking about your biggest costs and understanding how to get the same thing for less is SOOO key
Here is my issue if you can call it that. We are 100% debt free, have an income of 250K a year. (wife still works) I was raised dirt poor like so many other Americans. I'm uncomfortable being comfortable. I always had to give something up to get something but no longer have to do that anymore. I find it difficult to buy things or enjoy this new freedom the past year and half. I'm 59 and wife is 62 and have a great retirement saved, awesome Investment portfolio and Pension coming in. How do i get past being frugal still and start to change the way we think after living and earning and building wealth for 5 decades+. Hard to think that we could go on a $15-20k vacation and not even notice it gone but my brain says don't do it you may need it someday. What can i do to help change that mind set?
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
Great video as always. Also really enjoying the advice and extra info from the emails.
Glad you’re enjoying the emails. Thank you!
You do a great job, keep it up Nischa!
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.
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. 👌🏽
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!
4:01 “Money 💰 should be used as a tool, to create the life that you want, not take away from it!”
Although I'm on minimum wage, I have started investing, but my tax rate is 30% on interest. This makes any momentum feel slower :( I just hope it will pick up. I am throwing as much spare cash as I can into it while still leaving wiggle room for living expenses and very occasional treats
Brilliant Nischa. Great tips and loving your Vlogs 👌🏻
Great video's Nisha. I love your openness about sharing your personal journey and finances.
What about if your already self employed and not in a salaried job ? How do you increase your earnings cap then?
Just a question, where is this £100k? I have over £100k in equity in my mortgage for example. Which is where I have been concentrating most. Equally, I am pretty close to £100k in my pension. And another £35k or so in my companies share scheme. So none of that is "really" open to me choosing where to invest that money. So should I start another fund with a view to getting to this £100k? In a stocks & shares ISA for example? I am guessing my money is probably better invested more into my pension due to the Government tax breaks available here. For example, I was considering considerable uplift in pension contributions, then investing the annual HMRC tax returns into an ISA. But this would take a significant amount of time to get the ISA to 100k (~15 years). Would I be better splitting that investment between pension and ISA then? Or am I basically on track here, as overall I'll be closer to £250k of "investment" at this stage?
Maybe I missed this, but does money that you've already invested count towards that first $100,000?
My partner and I did this by us saving my salary and living on hers. The only thing I spent on was fuel for my car and my pension contribution. If you can do that you have double the savings strength together.
Hey Nicha I spent my early 20's working for famous chefs in Canada and it was an invaluable experience though I was broke the entire time. From age 24 to now 29 I have been an entrepreneur and investor. Ebay, FB Marketplace and a Canadian platform Kijiji. I run a goods store from my bedroom. A good month is around $6000 Cad and an okay month is $3500 I am investing in the S&P 500 in USD and CAD, TFSA, RRSP and High Yeild Savings account. Rn I will have about 1.5- 2 Million by age 55 and I turn 30 next year I feel like like I woke up just on time.
Great video Nischa, glad i came across you. My investment strategy is work place pension and mortgage overpayment. Is that too little?
Hi Nischa! What am doing to get to my $5k- 100k saving goal is my daughter got us a 100 envelopes saving Challenge bk in Oct.2023 and today is the 100 day Jan. 30, 2024. Didn't make the goal in 100 days, but am half way their. And it certainly makes you push and think of other ways to make income.
Failing forward... that's a great concept, I like that line of thinking.
I'm a late starter. Got out of a retail job, got in a professional job back in 2015...but have NEVER been serious about investing till now. I'm 41 years old, my wife and I are very motivated to invest and start growing our money. Problem is we can't get back the time we wasted so we want to catch up...fast. While still being risk adverse. I know I know...that's the magic combination everyone is looking for. But there's gotta be some time tested best practices worth high lighting. We have a nice little chunk we can start investing but have NO idea where to begin. Any suggestions?
Great video and have really enjoyed watching your work.
I am doing the work to reduce my costs and live below means. I rent a flat and have just put a deposit down on a smaller unit as it suits our requirements more and saves us $750 per month which I intend to save/invest
Thanks
I am hoping to get to the 100k on my Vanguard S&S isa by next April. My only concern is breaching the FSCS £85k limit. Shall I not worry about it or put the final 20k with another broker? Thanks.
Yes you should as the other bank will also have same cover of £85k
I've managed my first 100k in 2 years (in my country's currency, but the value is the same). Although it was quick, it was still extremely hard. And I can say that yes, it's easier now. I'm not just talking about ability to multiply, but the fact you know exactly what to do next time. My way was similar - increasing main income, projects on the side, living below and compounding. I had success with everything, because I'm very cautious. I'm not going to do something that I'm not resonably sure that would work. It needs much more effort and time every day though.
Do you consider the money in a retirement fund for this first $100k as achieving that goal or are you strictly talking regular savings?
Hi Nischa! Love your videos. Quick question for you. I have done 3 hard money loans. I got paid on them, and borrower is asking me for interest paid form? Im not sure what form do I give him? Is it a 1099 INT? Please help.
i lost everything during the pandemic, and I can't seem to catch a break, any advice on how to start over at 50 yrs old ? thanks 😥
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.
If you can pay a mortgage monthly what you pay for renting a flat on a monthly basis, is this considered avoiding the money you pay or waste on rent?
Hi i had to comeback to this video to ask a question. Ive been informed that investment banks are making loads of jobs redundant and they are reducing number of colleagues (in specific HSBC). Could you please make a video on this topic? - could you talk about all major investment banks too. Thank you!!!
Just got to know this channel and i already love it. Thanks for the great advice.
Your starting point was inches away from the finish line.
I'm learning this to educate myself & my child. Thanks for this video.
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.
Does the £100,000 include pension (e.g through auto enrolment) and house equity? Or is it literally 100k in your bank?
Told my sister today about this great TH-cam 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!
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!!