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.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
"Rebecca Nassar Dunne" 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 all the advice. do you think you could make a video with a focus on students and how they can be conscious about savings and investments while studying? that would be really helpful thank you 🙏🏾
Hi Nischa, i am focused on my youtube channel, its about finance books and personal development in romanian for now, any advise? i just started, do you remember any tips from when you started? thanks
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing 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.
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I have $100k that i like to invest in a non-retirement account, Where would you invest this as of now?
We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification if they engage professional help.
You're right, I and a few Neighbors in Bel-Air Area work with an adviser who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 35% in the last quarter
@@CATRINAHK12 I've been considering getting one, but haven't been proactive about it. Can you recommend your advisr? I could really use some assistance.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.
Making touch with financial advisors like Zachery M Demers who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
So 'Alex' is 30 and she's pulling in £5700 a month. Well bully for her. The median income for a 30 year old woman in the UK is roughly £32,000 gross pa. That equates to £26,170 net pa / £2180 net monthly. Lets use the 60% figure for monthly fundamentals. £1308. That leaves £872 for the 'fun' stuff and life goals. House purchase, holidays, savings, early retirement, etc. Bear in mind these are median figures. 50% will be worse off. I'm just trying to add a bit of reality here.
Ha! I was just thinking this. On that income, I could save £2,000 a month, quickly clear my credit card & overdraft, double my mortgage payments, and not even reduce my monthly spending. I wouldn't need any advice. And £50k p/a in retirement?? WTF is this hypothetical person spending their money on?
I wasn't financial free until my 40’s and bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.
I hope to own a home one day. not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
I 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. I just scheduled a caII.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury 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..
Our economy is afflicted by uncertainty, housing troubles, foreclosures, global shifts, and the aftermath of the epidemic, all of which contribute to instability. To restore stability and drive growth, all sectors must urgently address rising inflation, slowing GDP, and trade disruptions.
The US dollar is losing value due to inflation, while other currencies are gaining strength, creating uncertainty. Nonetheless, many people remain confident in the Dollar's perceived safety. I'm concerned that my 420K retirement funds may lose value, therefore I'm looking for other financial stability.
With my stressful career, I don't have time for investment analysis. For seven years, a fiduciary has managed my portfolio, responding to market situations, ensuring for effective navigation and informed decisions. Consider taking a similar plan of action
My CFA, 'Leah Foster Alderman', is a well known figure in her field. I recommend looking into her qualifications further. She has extensive knowledge and is a treasure trove for anyone seeking to manage the financial markets.
£5,700 net pm is a salary of £103,000! Fewer than 5% of us in the UK earn that so I would have liked a more realistic example. But like others have said, we can take the principles and I will be sitting down today to do that. This is fantastically helpful. Thank you Nischa. I only recently found your channel. I am 61 and learning a lot from your advice. I wish there had been something like this when I was in my 30s or even 40s, so I hope younger people here put your tips into action. Especially pay into a pension people! The earlier you start the more it compounds and builds up. Retirement may seem far away but believe me you don't want to get to my age and not have a decent pension fund accrued, as has happened to me. Your future self will massively thank you.
Important to understand everyone's life and paths are unique and there might not be a template for anything. I failed twice in 12th at age 18-20, broke up with my 1st gf and and thought there was no hope. At 24, I passed out of college with a degree but no skills at all. Took a job for a salary too less for my ends to meet. Met my would be wife at 26 Got married at 30 Got our own 3BHK apartment at 32 Became father of beautiful girl at 33 Got our 1st car at 35 Now I am 37, have an Emergency fund for at least 3 years and building towards Financial freedom. It has been 13 years and the same company is now paying me 35X of what I was earning on Year 1. Dont lose hope! If you havent been able to do what Nischa is saying here, it doesnt mean you wont, it just takes time, patience and persistence.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculously high and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
The stock market will plummet further, so I advise you do critical analysis on companies you are going to buy. Even better, you could have an investment adviser guide you restructure your overall portfolio and offset the bad apples you’re holding, that strategy’s been working for me so far, saves me a whole lot of stress and continuous anxiety and also it’s very time efficient.
It matters not how much money you save, but how you handle it. Whether you work for a living or invest, it still boils down to revenue vs. expenses, so sure, you may look into financial consultants for a strategy that suits you
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elena Stein
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
My focus is always on the long run. But that does not mean I give up on life’s pleasures. While home, I save. While on vacation, I eat out (healthy meals only…remember, I think long term…both my health and my finances are based on long term thinking). This video is great on many levels because it shows what is possible with discipline and delayed gratification. Of course, we all make different amounts of money, but the thought process can be similar. Thanks, Nischa for sharing your knowledge!
Maybe I missed it, but I didn’t notice anything directed toward the topic of generosity here, which is an important part of our finances. You mentioned spending/saving/investing regarding which buckets you can drop your money into, but I’d argue giving should be a fourth bucket. It’s important to think about people around us that need help with a tank of fuel or groceries. Give a little until you can give a lot.
Alex makes 68k a year and wants a 500k house. Stop right there, come on... She gives an example to save for a house but then when a mortgage for 400k comes through, that wipes the whole monthly paycheck.
Alex has takehome of £68400, which is £100k . In this example yes easily available. Newest for example will lend upto 450k, covering the 500k property. monthly costs of £2267 on a 25year mortgage.
@@RB-xr6mishe isn’t targeting you it’s a random number. You didn’t let those maths exams offend you because they didn’t use your name and know how many apples you had!?😅 Obviously the important info isn’t going in.
You really can't have it all at once, but marketing and society has bamboozled us into thinking we can with access to easy credit traps. Prioritization is extremely beneficial with cost cutting, to determine fundamental costs, and the left over margin which is the cashflow. Something is wrong in the budget, or our priorities if there is no margin left over from cash-flow to allocate for saving/ discretionary spending/or investing.
Simple and very consice statement made by you. If we slide or fall off our financial rails, we should all re-read your words of wisdom. I was happy to have read your thoughts.
Hi Nischa, I'm really glad you backed yourself and created this channel. Your videos are excellently made and very informative. I just want to say thank you. I wish you nothing but the very best for the future, you deserve everything.
Would love to see videos aimed at normal people on how to manage money! As for most 50-60% on essentials is not realistic so it would be good to understand what to do if you only have a few £ to play with or how to reduce essential costs
Just readjust the figures to your salary bracket. Google a percentage calculator and put in the figures Nisha is putting in. Once you get the percentage amount, adjust it to your equivalent salary.
It’s all about mindset and sacrificing. Even if you can save/invest £50 a month. That’s still fantastic. Continue to build on that as your income grows. The £5700 is just an example. Obviously the more you can save the better but everyone starts small. You just gotta start people.
For all the people complaining about her not using the 2k a month example: SHE IS USING AN EXAMPLE! The idea is that you adapt her knowledge into your life to make it better. Nobody in RUclips will make a video that will suit your life perfectly. Instead of criticizing her, learn form her. Nischa you are the best. Thanks for changing the world and shape it into a more financially intelligent and bette one.
There are no realistic formulas or plans for people that make less than 50k a year period you have to be realistic and understand you need to do more to make more otherwise there won't be retirement plans and other exciting adventures in life with that salary. work harder aim higher
Whilst my bills are currently 57% of my income, I know that once my £600 a month Childcare Nursery Fee goes away in 2026 (when my son starts Primary School) it'll come down to 48% meaning I can save even more for my family's future. Having all this planned out in a Monthly Spreadsheet really helped me to understand my future saving potential.
You are my favorite Financial RUclipsr. I love the way that you use to explain each topic in detail, with real examples and the properly actions for reach our financial goals. Continue doing this good job. Greetings for Medellín, Col.
Hi, I was wondering what your thoughts are on paying off your house asap instead of investing or a high interest savings account. Love your videos, keep up the good work 🙏🏽
I'm not even exaggerating when I say that this video answered all of the questions I presently had, like all! I kept going back and forth between saving for a home, or investing first, or building my fund to quit, or saving for a car, no clue which way to go. And what is even crazier is that the examples she used are almost identical to my numbers, I am 'Alex' :). Thank you Nischa for all the great content you put out, it has helped me tremendously.
Hi Nischa, have you previously done a video on whether it's better to overpay on monthly mortgage repayments or make additional contributions to our pensions? I'd love a video on this subject 😊
Not not another one who is advocating for the 4% withdrawal retirement plan strategy 😭😭😭 This "retirement plan" is the main reason why retired people are more stressed of running out of money, than of dying. Much better to build cashflow. Build dividends, for example.
Nischa great advice as always its taken me 90min to get through a 12mon video because ive had the pen and pad out mapping my future. This video was key for me because i was getting caught up too much trying to save for everything at once but now i know just be more focused on one Goal first then go for next
You know, a 10-minute crash course might give you some basic ideas, but a real financial plan is more like a roadmap for your future. It takes into account your goals, risk tolerance, and the ever-changing economic climate.
Who is this video actually aimed at? The median UK salary is around £30k p/a meaning that your median UK viewer probably earns close to this number. Maybe some content aimed towards this group of people would be a good dynamic for your channel since all of your videos are assuming the viewers have a top 5% income?
Hey, I have a lot of videos on my channel aimed at that bracket already - including the one I uploaded last week! My aim is to teach the concept/mindset in a simple way so that anyone can apply it to their situation
5700 GBP is about 11k AUD per month; no one in Australia is on 130k a year except professionals in Sydney A 500k house is the same, about 950k, which is just short of the average house in Melbourne or Sydney...and you'll be paying it off for the rest of your life 😂
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
I’ve always enjoyed her videos, been following for years, but I feel recently it’s just geared to the top earners who probably don’t even need this information. I make less than 2k net a month. How am I meant to save close to 3k?
I love Nicha’s videos but am I the only one who found this video a bit depressing? I’m on a good income and have still never come anywhere close spending only 50% of it on essential spend. Wanting to retire, own a home, and have a business seem such simple goals in this video and yet completely unattainable by the end.
I am in early 30s and never had the understanding of the importance of saving and investing. Now I am learning and feel overwhelmed that so much of time has slipped through my fingers and not understanding what my focus should be - a house, future, or financial freedom.
If you're only in your 30s there's still plenty of time! Pay into a pension as soon as you can, bc over 30+ years that will compound. You need a lot more in your pension pot (or other investments that you've earmarked for retirement) than you may think. In my 30s/40/s50s I didn't know about all this either, and now I'm almost at retirement with very little pension. Plus by the time you retire the pension age will probably have gone up to 70+, and even then the state pension does not cover living. So, start now, not too late!
Facts! People want videos specifically made for their income when they should just be taking the general concepts here and applying them to their life circumstances. Save in the short term and invest in the long term is a universal lesson
@Nischa I took a break from your content for a while as I was busy and, coming back to it now, it blows my mind how high quality it is. Thank you for making the call to pursue this professionally. I'm a trained accountant and tbh don't know much about applied personal finance
I still don’t understand why financial gurus say renting is better than buying. I’m still giving this amount to my housing cost each month but at least at the end of the loan, I own the home. Then I can save that money each month. So maybe the goal should be to buy an affordable home within 15 years.
Hello Nischa. Would you be able to add content with more realistic salaries? There will be only small percentage of people in the UK earning 95K salary . Can you please add some examples of approx 40K ?
Further videos on retirement planning, future investments and the 4% rule would be excellent. It seems like a lot of retirement advice or planning is gatekept by financial consultants or advisors, but like investing it's vital for this information to become more accessible to the general public. (plus to spread awareness of how vital early retirement planning is) Amazing as always Nischa!
This video is incredibly inspiring thank you. It has made me realise that my goals are probably very different to those around me. Firstly my goal is getting out of debt, something which i have been doing for 5 years and in a few months will be a reality. Second will be purchasing my own property, thirdly being able to earn cash doing something i love and then after this will be saving for financial freedom and retirement. I am a little later to gaining this financial knowledge as i am 40 now, however with people such as yourself i have turned my life around. Thank you so much this is wisdom i will know carry forward with me
Is there an app to help create and keep track of my financial planning? I need to calculate how to allocate my resources to reach my goals, such as early retirement, buying house, etc...
I mean I value all the information you share but 5700 pounds/€ is unrealistic for most of people nowadays and actually, if I earn that amount of money Im mostly sure I wouldn't be looking for this kind of information. What about to do something more adjusted to the majority of the people in EU earnings? 🙏🙏
The salary mentioned in this video is not relatable to most people who watch youtube for advice. Rich people don't go to youtube for advice, they hire an accountant, tax adviser etc. To operate with such high numbers is very discouraging for many people with low salaries. And motivation is key to improve your finances.
Figuring out what to do with 50% of your monthly income (after the mandatory taxes and bills), which amounts to £3K is a literal first world rich person problem. You'd have to be an utter idiot to fail at life with that much available money
Thanks Nischa, youre literally the only channel on YT that i watch regularly and often download your generous free tips and guide. Many thanks for everything and God bless you.
Love your content but top ITs get salary of 60,000pounds after taxes this is 3800 and lets be hones most people take home no more than 2500 after taxes even if they are qualified in their area of occupation. so 6000pounds take home is just for top managers and small business owners. Otherwise great work!
If nischa is promoting skillshare I would bother taking up the free trial. The majority of people won't use it and be left with a £79 bill if they forget to cancel!
Your website won't allow me to access the financial tracker. "Sorry, your submission failed. Please try again." Is there a reason why? I could really use one, thanks!
Don’t worry about the opportunity cost of things that cost less than 0.01% of your net worth? So if you’re a millionaire u can spend £100 on a new shirt guilt free? Sounds like a miserable rule
I have always enjoyed your videos, but when you discussed Alex's income and his fundamental costs, it became clear that you possess a lot of theoretical knowledge but lack practical insights. Your perspective seems quite disconnected from reality. I strongly suggest you go out and listen to the experiences and challenges faced by people on the ground.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Most ppl in the comments are focused on the "unrealistic" salary mentioned rather than the message itself. She has given us the formula, now implement it using using your own realistic salary. 😅
Sound advice, though most people don't have that much disposable income every month. The less disposable income you have, the harder it gets to figure out what to do with it
Great video! I'm focussing on growing my investments at the moment. The biggest challenge I am facing with this, is not forgetting to live and to have fun in the moment as well. Because if you don't do that, once you reach your goals, your life might have passed by you more quickly than you realized.
Those who like to shot the messenger… watch the video and look at your selves and use Nischa’s template to come up with what’s pragmatic to you and for your life. All her videos are teaching aids! Most times financial victimization begins due to one’s own actions, behaviors and inactions!
Everyone complaining about the £5700 take home pay figure, but still many people earn this amount and struggle to break free from the middle class into upper class. I earn less than £5700 but can still learn something from this video.
Yes I am Looking for Increasing my Funds, Investment s and income More focused on Buying a Permanent Home and Creating an Income generating Capitals for my Freedom
The problem with people complaining about this video is they don't make enough period there is not a solution of retirement and purchasing houses.When you only make thirty k a year you need to work harder to aim higher simple as that
First, I really appreciate not just the clear way the principles are explained, but the sense of optimism and good cheer that permeates all these videos. The encouragement to start taking charge of your money is indispensable. Second, people are getting bogged down on specific numbers, and missing the bigger picture. If you are not making enough to feel as though her advice is for you, then you need to earn more (see side hustle or invest in developing better paying skills) or reduce your costs (apartment instead of a house, public transit instead of a depreciating asset). Third, what is the theme of these videos? It is to follow your dream, and NOT to be restrained by financial decisions you might have made. It is always possible to improve your life, and that starts by wanting to, and thinking you can. Thank you Nischa for sharing all your thoughts on these matters, they have really helped my clarify my own thinking on financial matters.
Their margin is so much larger than my take home pay. It would be great to see an example where the take home pay is around £1500 - £1800, which is much more common!
Saving for a deposit for a mortgage and be tied up paying it back for the next 20-25 years just for the abstract idea of owning your own property is pointless to me. What happens if in 25 years one is left without a job for a year or 2, or can't find an equally good paid job as the previous job? And has no savings as they spent most on the deposit?
Great video Nischa! You always have amazing breakdowns ! My focus right now is on raising capital for a company I’m starting and then saving as much as I can to obtain financial freedom (The option to work , not the necessity ) as soon as possible.
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.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
"Rebecca Nassar Dunne" 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.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
thank you for all the advice. do you think you could make a video with a focus on students and how they can be conscious about savings and investments while studying? that would be really helpful thank you 🙏🏾
@nischa This is a useful video. Where would you put all your insurance premiums?
Hi Nischa, i am focused on my youtube channel, its about finance books and personal development in romanian for now, any advise? i just started, do you remember any tips from when you started? thanks
5700 after tax isn't that like 100k to 150k a year or something quite high ?
When one's earning that much it's piss easy to reach goals
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I have $100k that i like to invest in a non-retirement account, Where would you invest this as of now?
Invest in real estate, ETFs and high-yield savings account.
We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification if they engage professional help.
You're right, I and a few Neighbors in Bel-Air Area work with an adviser who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 35% in the last quarter
@@CATRINAHK12 I've been considering getting one, but haven't been proactive about it. Can you recommend your advisr? I could really use some assistance.
i've been considering getting one, but haven't been proactive about it. Can you recommend your advisr? I could really use some assistance.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.
Making touch with financial advisors like Zachery M Demers who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
Zachfinance
We need realistic videos of people earning between 20-35k. that is more common than people taking home 5700 a month
true, im on 25k a year. Excluding citys I think the average would be around 20-30k compared to the 35k everyone says.
💯
Same thing but smaller.
Agreed, her examples and advice are always aimed at the top 1% of earners! I would rather see how to do this earning 2500 a month or less!
is about 70% of the people in the uk
So 'Alex' is 30 and she's pulling in £5700 a month. Well bully for her. The median income for a 30 year old woman in the UK is roughly £32,000 gross pa. That equates to £26,170 net pa / £2180 net monthly. Lets use the 60% figure for monthly fundamentals. £1308. That leaves £872 for the 'fun' stuff and life goals. House purchase, holidays, savings, early retirement, etc. Bear in mind these are median figures. 50% will be worse off. I'm just trying to add a bit of reality here.
Ha! I was just thinking this. On that income, I could save £2,000 a month, quickly clear my credit card & overdraft, double my mortgage payments, and not even reduce my monthly spending. I wouldn't need any advice.
And £50k p/a in retirement?? WTF is this hypothetical person spending their money on?
I wasn't financial free until my 40’s and bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.
I hope to own a home one day. not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I 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. I just scheduled a caII.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury 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..
Our economy is afflicted by uncertainty, housing troubles, foreclosures, global shifts, and the aftermath of the epidemic, all of which contribute to instability. To restore stability and drive growth, all sectors must urgently address rising inflation, slowing GDP, and trade disruptions.
The US dollar is losing value due to inflation, while other currencies are gaining strength, creating uncertainty. Nonetheless, many people remain confident in the Dollar's perceived safety. I'm concerned that my 420K retirement funds may lose value, therefore I'm looking for other financial stability.
With my stressful career, I don't have time for investment analysis. For seven years, a fiduciary has managed my portfolio, responding to market situations, ensuring for effective navigation and informed decisions. Consider taking a similar plan of action
How can one find a verifiable financial planner?
My CFA, 'Leah Foster Alderman', is a well known figure in her field. I recommend looking into her qualifications further. She has extensive knowledge and is a treasure trove for anyone seeking to manage the financial markets.
She seems to be literate and well educated. Thank you for sharing, I found her webpage when I searched for her online.
£5,700 net pm is a salary of £103,000! Fewer than 5% of us in the UK earn that so I would have liked a more realistic example. But like others have said, we can take the principles and I will be sitting down today to do that. This is fantastically helpful. Thank you Nischa. I only recently found your channel. I am 61 and learning a lot from your advice. I wish there had been something like this when I was in my 30s or even 40s, so I hope younger people here put your tips into action. Especially pay into a pension people! The earlier you start the more it compounds and builds up. Retirement may seem far away but believe me you don't want to get to my age and not have a decent pension fund accrued, as has happened to me. Your future self will massively thank you.
Side gig = tax free?!
Definitely need something is more practical
5700 x 12 - 68,400, not 103,000
Net 5700 pcm is 103k pa gross
@@robertgarvansnyder4665 net not gross
Important to understand everyone's life and paths are unique and there might not be a template for anything.
I failed twice in 12th at age 18-20, broke up with my 1st gf and and thought there was no hope.
At 24, I passed out of college with a degree but no skills at all.
Took a job for a salary too less for my ends to meet.
Met my would be wife at 26
Got married at 30
Got our own 3BHK apartment at 32
Became father of beautiful girl at 33
Got our 1st car at 35
Now I am 37, have an Emergency fund for at least 3 years and building towards Financial freedom.
It has been 13 years and the same company is now paying me 35X of what I was earning on Year 1.
Dont lose hope! If you havent been able to do what Nischa is saying here, it doesnt mean you wont, it just takes time, patience and persistence.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculously high and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
The stock market will plummet further, so I advise you do critical analysis on companies you are going to buy. Even better, you could have an investment adviser guide you restructure your overall portfolio and offset the bad apples you’re holding, that strategy’s been working for me so far, saves me a whole lot of stress and continuous anxiety and also it’s very time efficient.
Very well said, who is this adviser that guides you and how did you find them? I don’t seem to find any locally and I’ve been having a terrible year.
*Leah* *Foster* *Alderman*
You'll probably get more information if you do an internet search for her
It matters not how much money you save, but how you handle it. Whether you work for a living or invest, it still boils down to revenue vs. expenses, so sure, you may look into financial consultants for a strategy that suits you
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elena Stein
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
she's mostly on Telegrams, using the user name
it's kinda crazy how nobody's talking about the forbidden ebook called Secret Pathway to Triumph
My focus is always on the long run. But that does not mean I give up on life’s pleasures. While home, I save. While on vacation, I eat out (healthy meals only…remember, I think long term…both my health and my finances are based on long term thinking). This video is great on many levels because it shows what is possible with discipline and delayed gratification. Of course, we all make different amounts of money, but the thought process can be similar. Thanks, Nischa for sharing your knowledge!
Maybe I missed it, but I didn’t notice anything directed toward the topic of generosity here, which is an important part of our finances.
You mentioned spending/saving/investing regarding which buckets you can drop your money into, but I’d argue giving should be a fourth bucket. It’s important to think about people around us that need help with a tank of fuel or groceries. Give a little until you can give a lot.
Alex makes 68k a year and wants a 500k house. Stop right there, come on... She gives an example to save for a house but then when a mortgage for 400k comes through, that wipes the whole monthly paycheck.
Alex has takehome of £68400, which is £100k . In this example yes easily available. Newest for example will lend upto 450k, covering the 500k property. monthly costs of £2267 on a 25year mortgage.
@@richgoodman5734 40-50% of your take home pay is way too much house. There's no way a person that net's 68k should be buying a 500k house.
You lost me at 5700£ per month for a single income. Was really looking forward again for your advice for an average salary.
@ruththompson7891there’s loads of people trying to prop this up from the PR team eh. It’s out of touch just like our government
Absolutely ridiculous considering the average UK wage is £25,000
@@RB-xr6mishe isn’t targeting you it’s a random number. You didn’t let those maths exams offend you because they didn’t use your name and know how many apples you had!?😅
Obviously the important info isn’t going in.
Why not target on average. That will make more sense and be realistic. The higher or lower earners can then adapt.
5700 is average to me 😂
Find the book titled Secret Pathway to Triumph. You'll learn all the money attraction techniques there. Trust me on this.
You really can't have it all at once, but marketing and society has bamboozled us into thinking we can with access to easy credit traps. Prioritization is extremely beneficial with cost cutting, to determine fundamental costs, and the left over margin which is the cashflow. Something is wrong in the budget, or our priorities if there is no margin left over from cash-flow to allocate for saving/ discretionary spending/or investing.
Simple and very consice statement made by you. If we slide or fall off our financial rails, we should all re-read your words of wisdom. I was happy to have read your thoughts.
Hi Nischa,
I'm really glad you backed yourself and created this channel. Your videos are excellently made and very informative.
I just want to say thank you. I wish you nothing but the very best for the future, you deserve everything.
Would love to see videos aimed at normal people on how to manage money! As for most 50-60% on essentials is not realistic so it would be good to understand what to do if you only have a few £ to play with or how to reduce essential costs
Just readjust the figures to your salary bracket.
Google a percentage calculator and put in the figures Nisha is putting in. Once you get the percentage amount, adjust it to your equivalent salary.
True story ✌️
Principles are the same
It’s the concept she’s teaching. Same thing.
@@owenanderson2633I thought this would be implied, people are complaining.
It’s all about mindset and sacrificing. Even if you can save/invest £50 a month. That’s still fantastic. Continue to build on that as your income grows. The £5700 is just an example. Obviously the more you can save the better but everyone starts small. You just gotta start people.
it is all in the power of small steps indeed
For all the people complaining about her not using the 2k a month example: SHE IS USING AN EXAMPLE!
The idea is that you adapt her knowledge into your life to make it better.
Nobody in RUclips will make a video that will suit your life perfectly.
Instead of criticizing her, learn form her.
Nischa you are the best.
Thanks for changing the world and shape it into a more financially intelligent and bette one.
Exactly
Well said!
Lets be realistic,
People make €1800 - €3000 per month.
5700 is a crazy example😂
This is the salary in a front office role in an investment bank. Can you scale the numbers to what you are making?
There are no realistic formulas or plans for people that make less than 50k a year period you have to be realistic and understand you need to do more to make more otherwise there won't be retirement plans and other exciting adventures in life with that salary. work harder aim higher
I can of course, I just want to make clear that people who make more than 5k per month are very much in the minority.
Whilst my bills are currently 57% of my income, I know that once my £600 a month Childcare Nursery Fee goes away in 2026 (when my son starts Primary School) it'll come down to 48% meaning I can save even more for my family's future. Having all this planned out in a Monthly Spreadsheet really helped me to understand my future saving potential.
Nice video once again. There's always tradeoffs to think about. My current focus is - pay down a debt, then try saving for a house deposit.
You are my favorite Financial RUclipsr. I love the way that you use to explain each topic in detail, with real examples and the properly actions for reach our financial goals. Continue doing this good job. Greetings for Medellín, Col.
Hi,
I was wondering what your thoughts are on paying off your house asap instead of investing or a high interest savings account. Love your videos, keep up the good work 🙏🏽
I'm not even exaggerating when I say that this video answered all of the questions I presently had, like all! I kept going back and forth between saving for a home, or investing first, or building my fund to quit, or saving for a car, no clue which way to go. And what is even crazier is that the examples she used are almost identical to my numbers, I am 'Alex' :). Thank you Nischa for all the great content you put out, it has helped me tremendously.
Hi Nischa, have you previously done a video on whether it's better to overpay on monthly mortgage repayments or make additional contributions to our pensions? I'd love a video on this subject 😊
Not not another one who is advocating for the 4% withdrawal retirement plan strategy 😭😭😭
This "retirement plan" is the main reason why retired people are more stressed of running out of money, than of dying.
Much better to build cashflow. Build dividends, for example.
Nischa great advice as always its taken me 90min to get through a 12mon video because ive had the pen and pad out mapping my future. This video was key for me because i was getting caught up too much trying to save for everything at once but now i know just be more focused on one Goal first then go for next
ditto:D
You know, a 10-minute crash course might give you some basic ideas, but a real financial plan is more like a roadmap for your future. It takes into account your goals, risk tolerance, and the ever-changing economic climate.
That's definitely true. The market's been a rollercoaster lately, and a one-size-fits-all plan just won't cut it these days.
Ugh, tell me about it. My portfolio's been feeling the bumps too. I think I need to adjust my strategy, but I'm worried about making the wrong moves.
Who is this video actually aimed at?
The median UK salary is around £30k p/a meaning that your median UK viewer probably earns close to this number. Maybe some content aimed towards this group of people would be a good dynamic for your channel since all of your videos are assuming the viewers have a top 5% income?
Hey, I have a lot of videos on my channel aimed at that bracket already - including the one I uploaded last week! My aim is to teach the concept/mindset in a simple way so that anyone can apply it to their situation
I think it’s aimed at me.. (40s, professional, wealth planning, past growth/education phase and into peak income years)
@nischa can you focus on the average? The higher and lower earners can adapt. That would be appreciated by the majority 😊
5700 GBP is about 11k AUD per month; no one in Australia is on 130k a year except professionals in Sydney
A 500k house is the same, about 950k, which is just short of the average house in Melbourne or Sydney...and you'll be paying it off for the rest of your life 😂
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Thanks to Mrs Maria Davis.
She's a licensed broker here in the states
I’ve always enjoyed her videos, been following for years, but I feel recently it’s just geared to the top earners who probably don’t even need this information. I make less than 2k net a month. How am I meant to save close to 3k?
Have you thought about learning a high income skill? Sure you wont make it overnight but give it 6-12 months and it's possible to earn much more
I love Nicha’s videos but am I the only one who found this video a bit depressing? I’m on a good income and have still never come anywhere close spending only 50% of it on essential spend. Wanting to retire, own a home, and have a business seem such simple goals in this video and yet completely unattainable by the end.
I am in early 30s and never had the understanding of the importance of saving and investing. Now I am learning and feel overwhelmed that so much of time has slipped through my fingers and not understanding what my focus should be - a house, future, or financial freedom.
Better to discover at 30 than 50.
If you're only in your 30s there's still plenty of time! Pay into a pension as soon as you can, bc over 30+ years that will compound. You need a lot more in your pension pot (or other investments that you've earmarked for retirement) than you may think. In my 30s/40/s50s I didn't know about all this either, and now I'm almost at retirement with very little pension. Plus by the time you retire the pension age will probably have gone up to 70+, and even then the state pension does not cover living. So, start now, not too late!
I tend to believe it could be great if you include common person earnings in your future videos 🙏🤝
Alex makes £106K a year gross salary.. Hmm..) Good for her!
I want to say thank you to the guy in the comments who recommended Unimantic to me. You've been very helpful. Thank you!
Use the principle. No need to create specific videos. Do you guys know how many different videos she’d have to make for every type of income? 🤣
Facts! People want videos specifically made for their income when they should just be taking the general concepts here and applying them to their life circumstances.
Save in the short term and invest in the long term is a universal lesson
@@mockingbird5919 basically
100% agree 👆
@Nischa I took a break from your content for a while as I was busy and, coming back to it now, it blows my mind how high quality it is. Thank you for making the call to pursue this professionally. I'm a trained accountant and tbh don't know much about applied personal finance
could not agree more (also as a non-accountant)
I still don’t understand why financial gurus say renting is better than buying. I’m still giving this amount to my housing cost each month but at least at the end of the loan, I own the home. Then I can save that money each month. So maybe the goal should be to buy an affordable home within 15 years.
Hello Nischa. Would you be able to add content with more realistic salaries? There will be only small percentage of people in the UK earning 95K salary . Can you please add some examples of approx 40K ?
Like your videos, but as soon as you said side gig, I was off. Sorry.
Good content, and I love your British accent.
Further videos on retirement planning, future investments and the 4% rule would be excellent. It seems like a lot of retirement advice or planning is gatekept by financial consultants or advisors, but like investing it's vital for this information to become more accessible to the general public. (plus to spread awareness of how vital early retirement planning is) Amazing as always Nischa!
Yeah I’d like to see more on the 4% rule too.
No one ever adds margins for economic fluctuations. She is talking about 5-20 year timeframes, that 2900 a month is going to shrink monthly
This video is incredibly inspiring thank you. It has made me realise that my goals are probably very different to those around me. Firstly my goal is getting out of debt, something which i have been doing for 5 years and in a few months will be a reality. Second will be purchasing my own property, thirdly being able to earn cash doing something i love and then after this will be saving for financial freedom and retirement. I am a little later to gaining this financial knowledge as i am 40 now, however with people such as yourself i have turned my life around. Thank you so much this is wisdom i will know carry forward with me
Is there an app to help create and keep track of my financial planning? I need to calculate how to allocate my resources to reach my goals, such as early retirement, buying house, etc...
I mean I value all the information you share but 5700 pounds/€ is unrealistic for most of people nowadays and actually, if I earn that amount of money Im mostly sure I wouldn't be looking for this kind of information. What about to do something more adjusted to the majority of the people in EU earnings? 🙏🙏
It's interesting how simple common sense has become equated with financial expert advice...
Bottom line: this video is made NOT for 35k incomes. 🤷♂️ so no early retire for this group...
The salary mentioned in this video is not relatable to most people who watch youtube for advice. Rich people don't go to youtube for advice, they hire an accountant, tax adviser etc. To operate with such high numbers is very discouraging for many people with low salaries. And motivation is key to improve your finances.
Figuring out what to do with 50% of your monthly income (after the mandatory taxes and bills), which amounts to £3K is a literal first world rich person problem. You'd have to be an utter idiot to fail at life with that much available money
Thanks Nischa, youre literally the only channel on YT that i watch regularly and often download your generous free tips and guide. Many thanks for everything and God bless you.
Love your content but top ITs get salary of 60,000pounds after taxes this is 3800 and lets be hones most people take home no more than 2500 after taxes even if they are qualified in their area of occupation. so 6000pounds take home is just for top managers and small business owners. Otherwise great work!
Hello Nischa, can you please make a contextualised video for a third world country ?
If nischa is promoting skillshare I would bother taking up the free trial. The majority of people won't use it and be left with a £79 bill if they forget to cancel!
Your website won't allow me to access the financial tracker. "Sorry, your submission failed. Please try again." Is there a reason why? I could really use one, thanks!
Gather here if you don't have a margin.
Don’t worry about the opportunity cost of things that cost less than 0.01% of your net worth? So if you’re a millionaire u can spend £100 on a new shirt guilt free? Sounds like a miserable rule
I have always enjoyed your videos, but when you discussed Alex's income and his fundamental costs, it became clear that you possess a lot of theoretical knowledge but lack practical insights. Your perspective seems quite disconnected from reality. I strongly suggest you go out and listen to the experiences and challenges faced by people on the ground.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Inflation is not mentioned in these calculations which should be considered. Fiat money depreciates more than your governments' "official" reports..
Most ppl in the comments are focused on the "unrealistic" salary mentioned rather than the message itself. She has given us the formula, now implement it using using your own realistic salary. 😅
Sound advice, though most people don't have that much disposable income every month. The less disposable income you have, the harder it gets to figure out what to do with it
Oh mate this is the biggest load of nonsense I’ve ever heard. ‘Alex’ is probably not even 1% of the population.
Great video! I'm focussing on growing my investments at the moment. The biggest challenge I am facing with this, is not forgetting to live and to have fun in the moment as well. Because if you don't do that, once you reach your goals, your life might have passed by you more quickly than you realized.
Are all the finance related channels, only targeting rich people? who gets 5700 in home after taxes? Are those people even watching youtube?
Those who like to shot the messenger… watch the video and look at your selves and use Nischa’s template to come up with what’s pragmatic to you and for your life. All her videos are teaching aids! Most times financial victimization begins due to one’s own actions, behaviors and inactions!
100% agree!!
Everyone complaining about the £5700 take home pay figure, but still many people earn this amount and struggle to break free from the middle class into upper class. I earn less than £5700 but can still learn something from this video.
I was able to take money out of my investments to help with food and other needs and I’m not making 5k a month.
Lots of negative comments about earning an average salary. Aim to earn more is the simple solution.
@Nischa56_ go away scammer
Yes I am Looking for Increasing my Funds, Investment s and income More focused on Buying a Permanent Home and Creating an Income generating Capitals for my Freedom
The problem with people complaining about this video is they don't make enough period there is not a solution of retirement and purchasing houses.When you only make thirty k a year you need to work harder to aim higher simple as that
First, I really appreciate not just the clear way the principles are explained, but the sense of optimism and good cheer that permeates all these videos. The encouragement to start taking charge of your money is indispensable.
Second, people are getting bogged down on specific numbers, and missing the bigger picture. If you are not making enough to feel as though her advice is for you, then you need to earn more (see side hustle or invest in developing better paying skills) or reduce your costs (apartment instead of a house, public transit instead of a depreciating asset).
Third, what is the theme of these videos? It is to follow your dream, and NOT to be restrained by financial decisions you might have made. It is always possible to improve your life, and that starts by wanting to, and thinking you can.
Thank you Nischa for sharing all your thoughts on these matters, they have really helped my clarify my own thinking on financial matters.
great insight Tom! fully agree
amazing video Nischa , a hybrid of both Ramit Sethi and budgetnista
This is my favourite video of yours so far, thank you.
Finally a straight forward explanation. Thank you Nischa.
Subbed. Thank you for sharing your experience. Best wishes
Their margin is so much larger than my take home pay. It would be great to see an example where the take home pay is around £1500 - £1800, which is much more common!
What if you have whittled down your expenditure as much as you can, and you still have nothing left to save?
КОРОЛЕВСКИЕ ЗАНОСЫ!!! Тебе в жизни тоже так везет?
Saving for a deposit for a mortgage and be tied up paying it back for the next 20-25 years just for the abstract idea of owning your own property is pointless to me. What happens if in 25 years one is left without a job for a year or 2, or can't find an equally good paid job as the previous job? And has no savings as they spent most on the deposit?
What a regular person can do is just move from London, and work remotely.
She is totally out of touch with reality- concept sound right but many people listening to this can’t just do what she is saying
Hi Nischa,
In this planning strategy, I am assuming you are using net monthly income, not gross?
Brilliant videos, love all of them. Easy to understand and relevant 💯👏🏻💗
agreeed🙌
I’d love to buy my own home, it’s definitely going to take over 8 years for that
Thank you for your coherent and concise presentation of these financial tips. It really helps
Somebody told Home was just invented for Morgage. 😮😅😂
Great video! Super simple to understand 👍
@Nischa56_ the scammers are getting creative! Going to need to do better though :) this is pretty low effort 👎
Great video Nischa! You always have amazing breakdowns ! My focus right now is on raising capital for a company I’m starting and then saving as much as I can to obtain financial freedom (The option to work , not the necessity ) as soon as possible.
all the best to you 🤗