nischa its ur karma not sure if ur hindu or not but god says all u can do is try ur best u cant control the result thats ur karma. I do vedica strology its all in the charts. I am not saying the chart isnt everthing and u shouldn try but still its a big part of it
@@nmhazzardCouldn’t agree more. Without developing this habit, your unjustified purchases will simply get more expensive, and you’ll still end up living paycheck to paycheck with credit card spent to the limit.
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $200k per year but nothing to show for it yet.
money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider advisory services for better planning
Agreed, I'm quite lucky exposed to finance at early age, started job full time at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted an expert. As of today, I'm just about 10% shy of $1m after subsequent investments.
retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your FA can be of help?
@@chadgriffith1969 retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth ... think your FA can be of help?
At 17 if you save a small amount each month, say £50, - something I didn't do, and at my age (51) you will still be putting away that small amount and have the same amount saved as me but you won't be forced to put £60k in your pension each year, lke me. Time is your biggest asset. Good luck.
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
being 68 and learning from you is one of the best best decisions I have ever made..... my biggest mistake? did not take advice, or look over the heads of what was happening, how to find and understand the choices I had. Always have a good network of people around yourself. Nischa has so much to learn from. Always grateful. And always smiling.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Stephanie Janis Stiefel. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this FA, Stephanie Janis Stiefel but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since l watched her interview on WSJ last month
You spoil us Nischa! I've digested a plethora of personal finance oriented channels here on TH-cam over the years and the only two that I can still stomach are you and Erin. You give the very best and spot on advice and ask thought provoking and unbiased questions that help listeners like myself become better. More importantly, thank you for recommending Stephanie Janis Stiefel my investment portfolio with her has been quite sustaining
@@MhadzVai Well her name is 'Stephanie Janis Stiefel'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Great share! Out of curiosity, I searched Stephanie Janis Stiefel online, found her consulting page ranked at the top, and scheduled a call session. I've read many reviews about advisors, but none seem as impressive as hers.
Nischa I would love to see both you and Ramit Sethi on a podcast together. Two awesome financial experts and phenomenal teachers. Learning so much watching your content. 🙏
A lot of folks downplay the role of advisors 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.
I'm 32 years old and just starting to invest for the first time. I’ve been hearing mixed opinions, and I’m starting to wonder: does asset allocation even matter this early on? Especially with ETFs and index funds tracking the broad market, I've heard they can include underperforming stocks that might drag down overall returns. Am I overthinking this, or should I be more selective?
I’m nearing retirement myself, and I had similar concerns. I started investing later than most, and just relying on ETF compounding wasn’t cutting it for me either. After working with a fund manager, I managed to restructure my investments and am now on track to retire with around $5 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now.
I’m in a similar boat, trying to figure out the best approach for my portfolio. How did you find your manager? I feel like I need that kind of guidance
I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you.
Thank you so much for this video! Used to focus on cutting back, thinking should I rent a shared room with others to cut cost. However, after careful consideration, I understand I really don't like to live with others esp you don't know who is that person, so I rather spend a little more to rent a one bedroom apartment. And right now I enjoy living by myself in one bedroom and film video whenever I want in any corners. I don't think I'm able to do this if I focus on cutting cost. And living environment just way too important for me! 💜
For most folk your biggest loss is holding your savings in cash, or in a bank savings account. Every day inflation erodes it's value. For every penny you can put into savings I suggest you use it to buy gold. It's not a get rich scheme but it will stop you becoming poor. The gold must be physically in your hand otherwise it's not an asset.
If doing this then keep an eye on the spot price. Spot is the intrinsic value of a metal, the premium is the extra costs of manufacturing etc. Gold sovereigns have a very low premium and capital tax free. Buy gold when spot is low, this information is readily available on the internet.
Nisha, I saved up $60k in my checking account strictly for emergencies. It’s my emergency fund. I believe those who have 50k, 60k and 70k are holding onto it for exactly that reason, an emergency only. I’m a single man with a 13 year old son and a home owner (mortgaged) Many advisors highly suggested 6 months to 1 year saved in an emergency fund. That’s why I’m sitting on it and not moving it like you suggested. Unless I misunderstand what you are saying
That's far too much imo... if you put 40k of that into an index fund and only made 5% annually (which is a lot lower than average) I dunno how old you are, but if you did that and never invested again, you would have 180k after 30 years.. so essentially you're missing out on 140k just simply based on the fact that you're holding 60k instead of 20k in your checking account If you made 8%, which is the average return for s&p 500s, you would have 440k... so you lost almost half a million. Despite only putting in some of the money you currently have, and never investing again
@@phased3941 Im 40 FYI. I discovered Dave Ramsey a couple of years ago. His approach is to make sure you have a safety net of 3-6 months in cash emergency. The “Money Guys” are similar. Other financial advice say to double it if you are single and alone (which I am) hence 60k liquid. It’s not meant or designed to be an investment, it’s strictly for peace of mind emergency. If my roof needs replacement as well as my HVAC AND my car all at the same time, I can cover ALL three. This is to protect me from “the worst scenario”. Granted there are worse scenarios but I hope that example makes sense. Your suggestion is accurate however if my “worst case scenario” happens, I’m SOL. My emergency fund is a personal insurance policy
Advisors suggest having six months worth of your monthly essential expenses (mortgage, power, food etc) for your emergency fund, not a year’s salary. It's an emergency fund, for times when you'd have to cut back your spending dramatically Unless you’re actually spending £10k a month just surviving or your work in an industry where you could lose your job at any moment, you should put a lot of that money into investments. As others have said, you'll make a lot more for your future that way
Hey, thanks a lot for another great video! Just a heads up, there seems to be an audio issue in this one. It sounds like the sound stage is doubled or something.
I love your videos, have been listening to your advise for a long time now, and as I do I always make my mind believe I still have enough income to follow the suggestions. In reality though, I am disabled and live off a government benefit. My financial situation is fine because I followed the smart suggestions even before I was this old, but raising my income or getting a side hustle is not in my future. Would you be willing, and able, to one day publish a video or two for people like me who want to stretch what little they get on a monthly basis and still have some kind perspective for the future?
Wow, these insights are eye-opening! 💡 It’s crazy how small habits can add up to big losses without us even realizing it. Definitely going to reevaluate my spending habits after this-thanks for sharing! 🔍💰
Nischa Thanks for educational vlogs, being 68 and retired there are a few thing’s that you haven’t covered. I have more then I need pension and savings wish I worked hard for and sacrificed thing’s for in my young year’s only to see other’s get help with who didn’t. You know tomorrow is coming to every one and life isn’t all ways about money but thank you and keep up your good work. One more thing you and other influencers ( Martin Louise ) why do you have to talk to fast I was all ways told if a salesperson is talking to fast walk away . Thanks again your one of the most interesting vloger.
everyone should have $30-50k in cash available immediately. you never know when SHTF and you need to pay for something right away. Or, if an emergency comes up etc.
I love the content of your videos, but what fascinates me even more is the quality of the editing. It's very clear and smooth, not too dynamic or too static. Congratulations on that!
Hi Nischa, I love your content, just a quick one you mentioned defining an hourly rate for your time. How would you work this out as I don't fit into a typical profession as in law or accountancy. I am a full time property investor and my job is varied.
Hello Nischa, another great video. I would like to give you a "tweek" we did on your 90% item. I recently retired after 26 years at the same employer, they offered a 401K and a Roth 401K plan. Early on we put in enough, in the 401K to get the employer match and a small amount in the Roth 401K. Each year when I received a raise, we would increase our contributions by that percentage. If we were able to live without it (raise money) last week we could live without it this week. When I retired we were putting about 36 % a week into these 2 accounts. It made for a very nice nest egg.
Thanks Nishca, never change lo!l, your videos are perfect and its something i always need when looking for direction! If your ever rattling your mind for new content i would just do a refresher of any old videos. Its always great being reminded! I've implemented so many techniques into my day to day and also towards my business. Thank You.
@nischa Your videos are super informative and help gain knowing of money management and wealth creation. I follow you to gain money intelligence. Thanks and Regards
Hi Nischa, would you recommend the repayment of the UK gov student finance loans? Have you repaid yours? I've got 20k in Plan A at 4.3% and a Postgrad loan of 12k at 7.9%. Most yt content is on American student loans so it would be interesting to get a UK-centred view for a change. :)
I'm guessing you watch some dave ramsey? I say fuck the geography and use his 7 baby steps that have helped millions. I'm not Nischa though and this is only my opinion.
@@michealadeleye7476 I know of Dave and his method but indeed, I find him too US-centred. In the UK we have a different financial setup and it may be wiser/more efficient to invest/buy a property before paying off the SF. Hence my question to Nischa. But I do appreciate your input!
@@AB-kd9et your student finance doesn't effect your credit score in the uk. In the USA it does which is why there is more emphasis on paying it in the USA
I wouldn't bother paying the undergraduate loan off quicker than you do automatically through your pay check, it's a relatively small amount per month and gets written off after 30 years anyway. Not sure about the postgraduate loan as the interest is higher, but I'd recommend reading the MoneySavingExpert articles on student loans, it explains everything pretty well.
Amazing video as always! I don't even need to read those books, Nischa does it for us! jk! Also, was something going on with the audio in this video? It sounded hollow. Great work though! I love money!
Another great video with simple ideas to follow, thanks Nischa! ❣ I have certain been guilty of being a Personal Finance Ostrich for a while, up until last year. Has taken me (is still taking me?) a while to shake other bad habits loose that I see in this video - just saving but not investing; focussing more on crimping down small expenses but not thinking of how I could be increasing income. Thanks for the reminders.
What about people who only want to save save save and don't life. i currently set aside/invest 33% of my income per month but i feel like i don't life as i'm worried something might happen and i need liquidity
DO NOT encourage interest, I'm surprised that despite being qualified you don't understand that most of the financial problems in society is because of this. Ethics and morals are not just for marketing purposes. Kids these days.
My english is normal .... I wana say to you mam your videos provide me a lot of knowledge.. but now i see your views are dropped because your new videos thumbnails are simple... Because many people need knowledge, which you provide.
Comparing yourself to others always leads to overspending. Who else has been caught in the cycle of "keeping up with the Joneses"? 🙋♂🙋♀ How have you overcome it?
Lets get real here, if you're earning a six figure salary, you wont have any worries about retirement!! People who are deserve it, it's my bad as i should have awoken to the opportunities that were there 20 years ago
👉🏽Download the free intentional spending tracker from the video right here: nischa.me/ist-2
nischa its ur karma not sure if ur hindu or not but god says all u can do is try ur best u cant control the result thats ur karma. I do vedica strology its all in the charts. I am not saying the chart isnt everthing and u shouldn try but still its a big part of it
Love you
For those of us on normal salaries, monitoring your expenses is crucial.
Agree! Probably should be one of the first step. Tracking your expenses and budgeting.
This advice is applicable for any salary, intentional spending is for everyone!
@nmhazzard true but much smaller margin for error if you are not a high earner.
I do it and am not on a “normal salary”. It important to stay on top of everything.
@@nmhazzardCouldn’t agree more. Without developing this habit, your unjustified purchases will simply get more expensive, and you’ll still end up living paycheck to paycheck with credit card spent to the limit.
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $200k per year but nothing to show for it yet.
money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider advisory services for better planning
Agreed, I'm quite lucky exposed to finance at early age, started job full time at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted an expert. As of today, I'm just about 10% shy of $1m after subsequent investments.
retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your FA can be of help?
@@chadgriffith1969 retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth ... think your FA can be of help?
Can't divulge much, I take guidance from 'Karen Lynne Chess' you'd most likely find her basic info on the internet, simply research.
Being 17 and learning from your videos was one of the best decisions I ever made!
You are a smart girl, I wish I had been interested in finances at 17, I wish you a successful future 🙂
@@Vickie... it's never too late or early, the moment you realize, you start!
Being 17 and learning about finances is proof you’re well on your way to success.
Wish this knowledge had been so easy to access at 17 or I had the insight to seek the knowledge. It came much later.
At 17 if you save a small amount each month, say £50, - something I didn't do, and at my age (51) you will still be putting away that small amount and have the same amount saved as me but you won't be forced to put £60k in your pension each year, lke me. Time is your biggest asset. Good luck.
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
Why do you keep losing this comment everywhere
@@NionS-1because it's a bot
being 68 and learning from you is one of the best best decisions I have ever made..... my biggest mistake? did not take advice, or look over the heads of what was happening, how to find and understand the choices I had. Always have a good network of people around yourself. Nischa has so much to learn from. Always grateful. And always smiling.
You’re supposed to be retired at that age
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Stephanie Janis Stiefel. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this FA, Stephanie Janis Stiefel
but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since l watched her interview on WSJ last month
You spoil us Nischa! I've digested a plethora of personal finance oriented channels here on TH-cam over the years and the only two that I can still stomach are you and Erin. You give the very best and spot on advice and ask thought provoking and unbiased questions that help listeners like myself become better. More importantly, thank you for recommending Stephanie Janis Stiefel my investment portfolio with her has been quite sustaining
@@FradAnnerplease how can i know more about this person?
@@MhadzVai Well her name is 'Stephanie Janis Stiefel'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Great share! Out of curiosity, I searched Stephanie Janis Stiefel online, found her consulting page ranked at the top, and scheduled a call session. I've read many reviews about advisors, but none seem as impressive as hers.
“Not assigning an hourly rate for yourself” I’ve never thought about this this way! Thanks Nischa for this.
I have heard it as buying time and I totally agree with it.
@@jonathandeassis1119 that’s brilliant!
Nischa I would love to see both you and Ramit Sethi on a podcast together. Two awesome financial experts and phenomenal teachers. Learning so much watching your content. 🙏
I am impressed with your update on these stocks, now my question is which is best to buy at this time. I have some liquid assets to diversify.
While the market is promising, expert guidance is essential for effective portfolio management.
A lot of folks downplay the role of advisors 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.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
I'd say a little due diligence on Abigail Ann Ryan. truly exceptional
just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get
Comparison is the thief of joy.
I'm 32 years old and just starting to invest for the first time. I’ve been hearing mixed opinions, and I’m starting to wonder: does asset allocation even matter this early on? Especially with ETFs and index funds tracking the broad market, I've heard they can include underperforming stocks that might drag down overall returns. Am I overthinking this, or should I be more selective?
I’m nearing retirement myself, and I had similar concerns. I started investing later than most, and just relying on ETF compounding wasn’t cutting it for me either. After working with a fund manager, I managed to restructure my investments and am now on track to retire with around $5 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now.
I’m in a similar boat, trying to figure out the best approach for my portfolio. How did you find your manager? I feel like I need that kind of guidance
I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you.
Thanks for that. I did a quick search and found her page. I was able to email so I sent over a few questions to get more info. Appreciate you sharing
lol bots
Thank you so much for this video! Used to focus on cutting back, thinking should I rent a shared room with others to cut cost. However, after careful consideration, I understand I really don't like to live with others esp you don't know who is that person, so I rather spend a little more to rent a one bedroom apartment. And right now I enjoy living by myself in one bedroom and film video whenever I want in any corners. I don't think I'm able to do this if I focus on cutting cost. And living environment just way too important for me! 💜
1. Ignoring or avoiding threatening financial information
2.
The ability to postpone gratification is the biggest indicator of building wealth. It is easier to build wealth today than at any time in history.
For most folk your biggest loss is holding your savings in cash, or in a bank savings account. Every day inflation erodes it's value. For every penny you can put into savings I suggest you use it to buy gold. It's not a get rich scheme but it will stop you becoming poor. The gold must be physically in your hand otherwise it's not an asset.
If doing this then keep an eye on the spot price. Spot is the intrinsic value of a metal, the premium is the extra costs of manufacturing etc. Gold sovereigns have a very low premium and capital tax free. Buy gold when spot is low, this information is readily available on the internet.
@@ebikescrapper3925 Agreed
Nisha, I saved up $60k in my checking account strictly for emergencies. It’s my emergency fund.
I believe those who have 50k, 60k and 70k are holding onto it for exactly that reason, an emergency only.
I’m a single man with a 13 year old son and a home owner (mortgaged)
Many advisors highly suggested 6 months to 1 year saved in an emergency fund.
That’s why I’m sitting on it and not moving it like you suggested. Unless I misunderstand what you are saying
That's far too much imo... if you put 40k of that into an index fund and only made 5% annually (which is a lot lower than average) I dunno how old you are, but if you did that and never invested again, you would have 180k after 30 years.. so essentially you're missing out on 140k just simply based on the fact that you're holding 60k instead of 20k in your checking account
If you made 8%, which is the average return for s&p 500s, you would have 440k... so you lost almost half a million. Despite only putting in some of the money you currently have, and never investing again
@@phased3941 Im 40 FYI. I discovered Dave Ramsey a couple of years ago. His approach is to make sure you have a safety net of 3-6 months in cash emergency. The “Money Guys” are similar. Other financial advice say to double it if you are single and alone (which I am) hence 60k liquid. It’s not meant or designed to be an investment, it’s strictly for peace of mind emergency. If my roof needs replacement as well as my HVAC AND my car all at the same time, I can cover ALL three. This is to protect me from “the worst scenario”. Granted there are worse scenarios but I hope that example makes sense.
Your suggestion is accurate however if my “worst case scenario” happens, I’m SOL. My emergency fund is a personal insurance policy
I have invested thousands of dollars into lead.
Advisors suggest having six months worth of your monthly essential expenses (mortgage, power, food etc) for your emergency fund, not a year’s salary. It's an emergency fund, for times when you'd have to cut back your spending dramatically Unless you’re actually spending £10k a month just surviving or your work in an industry where you could lose your job at any moment, you should put a lot of that money into investments. As others have said, you'll make a lot more for your future that way
Hourly rate for yourself. Ive been preaching that for a long time. Love it
Do you have a video about if it’s a good idea to pay your mortgage as fast as possible? Love your content.
Hey, thanks a lot for another great video!
Just a heads up, there seems to be an audio issue in this one. It sounds like the sound stage is doubled or something.
Misspelling realizing (realising) without realizing it.😊
Great video.
Hi Nischa, there's something wrong with the audio in this video. It sounds more compressed than usual.
Cheers.
I love your videos, have been listening to your advise for a long time now, and as I do I always make my mind believe I still have enough income to follow the suggestions. In reality though, I am disabled and live off a government benefit. My financial situation is fine because I followed the smart suggestions even before I was this old, but raising my income or getting a side hustle is not in my future.
Would you be willing, and able, to one day publish a video or two for people like me who want to stretch what little they get on a monthly basis and still have some kind perspective for the future?
Nischa.....its rare to have a logic ac ompanied by logic.......you do have it.
CHEERS!
Wow, these insights are eye-opening! 💡 It’s crazy how small habits can add up to big losses without us even realizing it. Definitely going to reevaluate my spending habits after this-thanks for sharing! 🔍💰
If you are doing a side hustle your hourly rate is important, if you are earning hardly anything it's a side hassle.
Nischa
Thanks for educational vlogs, being 68 and retired there are a few thing’s that you haven’t covered.
I have more then I need pension and savings wish I worked hard for and sacrificed thing’s for in my young year’s only to see other’s get help with who didn’t.
You know tomorrow is coming to every one and life isn’t all ways about money but thank you and keep up your good work.
One more thing you and other influencers ( Martin Louise ) why do you have to talk to fast I was all ways told if a salesperson is talking to fast walk away .
Thanks again your one of the most interesting vloger.
everyone should have $30-50k in cash available immediately. you never know when SHTF and you need to pay for something right away. Or, if an emergency comes up etc.
I love the content of your videos, but what fascinates me even more is the quality of the editing. It's very clear and smooth, not too dynamic or too static. Congratulations on that!
We’re trying to rapidly save to upgrade our house. Do you plan on any content on mortgages? We can’t think about investing yet.
Learn to invest and you'll have money for upgrades later
The audio is funky. Almost sounds autotuned…I’m not saying it is, it just sounds like it is. Sounds strange.
Keep doing and sharing, we love your advices !
Hi Nischa, I love your content, just a quick one you mentioned defining an hourly rate for your time. How would you work this out as I don't fit into a typical profession as in law or accountancy. I am a full time property investor and my job is varied.
Hello Nischa, another great video. I would like to give you a "tweek" we did on your 90% item. I recently retired after 26 years at the same employer, they offered a 401K and a Roth 401K plan. Early on we put in enough, in the 401K to get the employer match and a small amount in the Roth 401K. Each year when I received a raise, we would increase our contributions by that percentage. If we were able to live without it (raise money) last week we could live without it this week. When I retired we were putting about 36 % a week into these 2 accounts. It made for a very nice nest egg.
Just started my own personal finance TH-cam channel and still learn thing from everyone of your videos! Great content! Thanks Nischa!
Thanks Nishca, never change lo!l, your videos are perfect and its something i always need when looking for direction! If your ever rattling your mind for new content i would just do a refresher of any old videos. Its always great being reminded! I've implemented so many techniques into my day to day and also towards my business. Thank You.
Very interesting video. You brought up some interesting points!
Disagree on the Turning Captial. 5% on money in a savings account in a bank is a really good return from a risk reward ratio.
I would add ‚„choosing right partner for living” to this list.
You have made me want to invest 10% of my income and I will be looking into my expenses budget to restructuring a thing or 2.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
The ideal end state concept is simply genius!
@nischa Your videos are super informative and help gain knowing of money management and wealth creation. I follow you to gain money intelligence. Thanks and Regards
Are premium bonds any good do you think ?
Her knowledge is gold !
Nicha you're great! Thanks for the info!
Hi Nischa, would you recommend the repayment of the UK gov student finance loans? Have you repaid yours? I've got 20k in Plan A at 4.3% and a Postgrad loan of 12k at 7.9%. Most yt content is on American student loans so it would be interesting to get a UK-centred view for a change. :)
I'm guessing you watch some dave ramsey? I say fuck the geography and use his 7 baby steps that have helped millions. I'm not Nischa though and this is only my opinion.
@@michealadeleye7476 I know of Dave and his method but indeed, I find him too US-centred. In the UK we have a different financial setup and it may be wiser/more efficient to invest/buy a property before paying off the SF. Hence my question to Nischa. But I do appreciate your input!
@@AB-kd9et your student finance doesn't effect your credit score in the uk. In the USA it does which is why there is more emphasis on paying it in the USA
I wouldn't bother paying the undergraduate loan off quicker than you do automatically through your pay check, it's a relatively small amount per month and gets written off after 30 years anyway. Not sure about the postgraduate loan as the interest is higher, but I'd recommend reading the MoneySavingExpert articles on student loans, it explains everything pretty well.
I’m watching this video with my 17 year old grandson in understanding how to build his own wealth, with resources available to him.
Thank you Nischa .
Your content has developed over time and you're putting in the work. Keep up the process! Stay in it!
Nischa did you use skillshare for any finance help? If you did, which financial course do you recommend?
point 3, is having 6 months in a HYS account not sufficient and efficient?
I'm impressed you did good😮
Somehow your voice sounds a bit metallic in this video - did you do any changes to your mic settings?
yeah I noticed that too
Love the content as usual 💯
I make my own coffee its brings pleasure and I save a lot of money ( of course I bought a second hand machine and grider on ebay)
I need to do this!!!!
Love your videos, thanks for sharing such tips.
Amazing video as always! I don't even need to read those books, Nischa does it for us! jk! Also, was something going on with the audio in this video? It sounded hollow. Great work though! I love money!
Another great video with simple ideas to follow, thanks Nischa! ❣ I have certain been guilty of being a Personal Finance Ostrich for a while, up until last year. Has taken me (is still taking me?) a while to shake other bad habits loose that I see in this video - just saving but not investing; focussing more on crimping down small expenses but not thinking of how I could be increasing income. Thanks for the reminders.
Excellent video
Thank you
Ashirwad
1.25m subs! I remember when you only had a small amount of followers. Hopefully youtube are paying you well.
thank you for the free month!
Great video ❤
Resourceful Vedio, waking the dormant bank account …
I do not know any "Joneses"
Thank you for the information 🎉
I recently discovered your channel and I LOVE IT ❤❤❤, thank you so much for all your advice!! 😊❤
Sounds a bit weird and fast.! Thanks for your useful content.
I still can’t figure out how. Life cost money. I want enjoy myself.
Nisha you're doing great
Hi Nischa. Is avoidance coping same as the ostrich effect you talked about in a video some months back?. Big fan from the states
What about people who only want to save save save and don't life. i currently set aside/invest 33% of my income per month but i feel like i don't life as i'm worried something might happen and i need liquidity
The audio is off
Thanks for the great video!
It is just me or is the audio *really* weird in a bunch of these videos. As if the pitch has been altered or something. Maybe it's just the mic?
Really enjoying your videos, keep up the great work, certainly could have done with these a few years ago.
How can someone be this damn pretty
I honestly love your vídeos. Super informative and clear.
Stay away from CREDIT CARDS
i didn't quite understand number 4
Is the audio bit weird in this one
Yes.
Sound sounds robotic
Good lessons, thankfully I stopped most of these in my 20s & 30s. I’m still bad at tracking my spending though.
Well, I'm BROKE 😂 subscribed! 💀
OK is that what the book the richers man in babylon is about I picked up a copy for a few quid this year in waterstones I am yet to read it
DO NOT encourage interest, I'm surprised that despite being qualified you don't understand that most of the financial problems in society is because of this. Ethics and morals are not just for marketing purposes. Kids these days.
GOOD FINANCIAL EXPERT IS A PERSON WHO KEEPS BALANCE OF SPENDING AND EARNING
I ❣you! Thanks for your educational videos!
Here for the beauty and the accent.
Thankyouverymuch!))
You're beautiful and intelligent Nischa
Respect to you top Queen
Is there a weird AI voice editing on this vid? I didn’t notice this on one of your older vids 😔
My english is normal ....
I wana say to you mam your videos provide me a lot of knowledge.. but now i see your views are dropped because your new videos thumbnails are simple... Because many people need knowledge, which you provide.
Comparing yourself to others always leads to overspending. Who else has been caught in the cycle of "keeping up with the Joneses"? 🙋♂🙋♀ How have you overcome it?
Lets get real here, if you're earning a six figure salary, you wont have any worries about retirement!!
People who are deserve it, it's my bad as i should have awoken to the opportunities that were there 20 years ago
Hi, Nischa. I tried your link for skillshare. Thank you so much. This helps me a lot.
Coffee Nails Hair Cable Gym Expensive cars.
Dollars or pounds ?
Forgot to mention to Women
Very good until the vocal fry that is painful