After about 1 year of improving my personal finances, largely with the help of this channel, I can confirm that saving 10-20% of my monthly income has made me much more relaxed. I recently had to undergo expensive dental operation. A year ago this would have ruined my finances, but today it's just "Damn, there goes most of my savings... but it will not ruin me, and anyway this is what I was saving for: unseen expenses."
I’m a god of devaluation, I buy it and it goes down! Why I can't make earnings is beyond me. It can be annoying how volatile the market is. How can I ride this fresh wave of all-time highs without getting burned again with $450k set aside to get fully invested this year?
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Elise Robinson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I’d be retiring or working less in 5 years, curious to know how best people split their pay, how much of it goes into savings, spendings, and investments. I earn around $250k per year but nothing significant 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
I'm quite lucky exposed to finance at early age, started full time job at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted a professional. As of today, I'm just about 10% short of $1m after 100s of thousands invested.
bravo!! 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?
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial experts like "Karen Lynne Chess" I've worked with her since the pandemic and highly recommend her. You can check if she meets your criteria.
glad to have stumbled upon this, curiously inputted Karen Lynne Chess on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
Hi Nischa, This was interesting. I remember watching a previous video of yours about the intentional spending. You even provided an Excel template for it. In that video you talked about allocating your monthly budget according to a 50-30-20 distribution. In this video, you talk about 15-65-20 or if I reorder it the same way as before - 65-20-15. Can you share what changed between the old video and this one? WHy the change in distribution?
I am really bad with money management , been following your channel for quite a while. I plan to implement these principles once i am done paying by credit card debt. 👍🏼
Here I thought the rule was 1. Do whatever it takes to get out of debt and secure an emergency fund 2. Lock down basic living expenses (property tax, grocery, gas, electricity, water, trash). 3. At least 65% of gross income toward investing. If you can't do that then the area you live is too expensive time to move. 4. Allocate a small amount of sugar money for blowing on going out or buying toys. 5. When you have a lot of money saved up, feel free to spend a few grand on a nice trip.
Having an emergnecy fund is great, but it's worth looking to see if you can also obtain some insurance for your income that would pay out if you were to fall sick. Having an emergency fund allows you to defers the point at which you would have to claim on this insurance, which makes it much more affordable. If you have children, both parents should have life insurance in case the other dies and one of you can't work as much due to childcare responsibilities.
I’ve always enjoyed your videos. I wonder if you might be able to do a video for people that don’t have a home loan, have investments and have a good job and probably wasting too much money buying other stuff. Thanks again for all of your fantastic advice.
Really do recommend and suggest people try adding that 20% personal investment into their respective budgets, if they can, as a 'fun fund' if you will. As someone who's been (and to be honest continues to be) a chronic saver and probably unhealthily disciplined with finances over the last few years, having that percentage (albeit an allocation smaller than 20%) saved per month to spend without feeling guilty does make a difference. Really helps knowing everything else is taken care of but I can still treat myself and cover the 'wants', and that it's not just the needs or essentials and that's it.
Agreed. This idea of paying yourself first really works. If you invest in your future as soon as you know you can cover your basic living costs, you can take advantage of the effect of time and compounding. It also stops you wasting your money on buying 'stuff' just so you have stuff.
Must admit that "buying stuff" for the sake of having it was something I used to do a few years ago. Granted I didn't know that it was "for the sake of having it" at the time, but later on you realise it.
Hi Nischa thank you for the great videos. I have watched the masterclass video, regarding the days 5,10, 30,50, if we missed to buy during those certain days we lose out of gaining from those days; a significant amount. How do we know if we missed or when to buy during those days ? Like you wouldn't buy everyday right, so how do you go about this. May I ask what your portfolio consists of ? My portfolio consists of mostly Voo, SCHD, and QQQM.
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, Evelyn Infurna. 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.
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I also unfortunately didn’t really start until 40. I’m very fortunate however in that I’m in a position to aggressively save and invest now for the next 25 years to have a reasonable retirement. Another trick is to pay yourself first. This really helps keep the lifestyle inflation in check!
Nice vid! Can I ask if you'll ever make a video about the UK stock market and how to get returns from it? The FTSE-100 hasn't performed all that well over the past 20 years. Also, is it possible to invest in the American markets using a British brokerage acct?
My biggest spending category is food. We don't eat out or buy meat except mince, followed by transport. I am the most frugal person I know. I do everything(yes, literally everything) myself, and we own our home. The government ruined the economy over covid with inflation and they are trying to fix it with immigration. Now I'm paying for it and I didn't ask for either.
I don't understand this number game all the influencers are bringing in. put x% here, y% there. Its not like all of them have the same % also. Ultimately it boils down to a very simple thing: Don't give in to peer pressure, fancy ads etc. Lead a normal life
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Ever since Covid, I’m finding that $20K, $30K, $50K, aren’t what they used to be. A car can eat up $50K if you aren’t selective. $100K as a long term goal is admirable, but it isn’t going to get you far in retirement.
I just don't see how this role or any other works well for people that are on lesser wages and single. I'm almost 40 and after tax, NI and pension I have 2,730.11. average apartment in Birmingham centre is 1,200 - 1,500 a month's when considering maintenance and ground lease, etc. once I've paid for that, bills, my car and food I don't have much spare at all. I'm not seeing a chance of having a holiday let alone anything else. Stressed just a little.
have you got somewhere someone can ask you specific questions based on your own circumstances (not public) and get advice, videos are great btw i just wish i knew how to tailor them to my own very specific salary/debt
I love the grounded reality of this channel!! All we need is the right advice on how to invest in some digital market and stop relying on this government. Retirement took a toll on my finance, but with my involvement in the digital market, $47,000 weekly returns has been life changing I pay my taxes. Regardless of how bad it gets on the economy
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency,stocks,through the assistance of my discretionary fund manager,
Same, I just use RUclips for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to decade of having one
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Well you got a point truly but right now i feel e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
Honestly, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.
Interesting, Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Well I don't comfortably throw recommendations around on the internet, but I've been working with Nancy Magaret Delony. God ! she's brilliant! I'm sure there are others who are good.
My essential costs aren’t that high - they are 40% (rent bills and groceries). I invest 19% of my salary and then I have about 6% student loan debt payment. So then I have 35% fun costs. Is that too high? I always feel like it’s not enough so 20% seems very low. I don’t even drink alcohol! But eating out and doing fun things costs so much
2:33 am I not getting something or are you ignoring inflation? 6% is impressive, for a 100% safe bank account - as you wouldnt place your safety cushion in risky stocks, would you? For within 20 years, the market would certainly crash at least once - but 6% is barely over, and sometimes under inflation rate; This means you would have a bigger number on your account (30k), which could buy less which could buy less than the 10k you started with. Or did you mean InflationRate+6% annual return, which seems completely impossible in safe portfolios?
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
*You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst*
I'm currently on the 30/60 plan - 30% into savings and pensions and 60% into mortgage and bills. I guess that's my punishment for not taking my finances seriously enough until I hit 40, oh, and being single.
10 years ago I was net worth 80thous after mortgage car bike credit card , I got feed up with no money every payday was pay bills and interest. As of 2024 oct now owe 30 thousand on my home payed off feb 2025 , our net worth is now we can do whatever we would like , we simply maxed out super , paying off all debt no more credit cards and stopped buying shit . Even looking at an early retirement now.
Australia has no tax advantaged account. With super you get taxed minimum 15% when you contribute and then again after to reach preservation ago and start to draw on it.
Einstein never actually called Compound Interest the 8th wonder of the world. Also, he never even said the definition of insanity was doing the same thing over and over again and expecting different results. Great video though :)
Yesterday i was talking to a couple of friends and they're making almost x 2 of what I make. But because of high rent and crazy expenses, they were stressed about money. I'm self employed and now that I'm starting to make an okay salary (for me anyway), I can now save, invest and feel free about my money. I'm not making a lot of money, but I'm trying not to spend a lot either. My goal is to save 15k dollars within the next 12 months since october 1st. I'm now at 3k and have set up my savings account to now transfer every month. I'm motivated to reach my goal. Thanks for all the advice 🙏
@erikjuarezdk2367 Get it out of the savings account and get it in to the S&P 500 - and earn an average of 10% per year. with compound interest you'll have 100k in 7 years, the next 100k with take just 4 and the following 100k 2 years, as long as you still keep putting in 1000 a month, and get the 10%* per year. Over the past 10 years, the S&P 500 has returned an average of 10.7% per year.
I now earn £20k more than I did in 2015 and certainly don't feel £20k better off. Things were cheaper back then, much less coming in and was saving much less, but I didn't feel "poor" per se. I'd happily have earned more but I wouldn't say I was struggling. Even found some supermarket receipts from 2013. One thing I'd like to do is price up the same items at the same supermarket (and it literally is the same supermarket because I still live in the area) and see what the difference is 👀
@@kevingo9895 Hi Kevin I'm in manufacturing, got in to all this very late. They say the first 100k is the hardest. Just hit mine, the next comes much quicker with compound interest. Nischa does a great video on that too. Good luck!
That's what happens when you just translate the content from other languages to make your content. Einstein never said that about compounding. It seems magic to feeble minds, for anyone with even a little bit of understand of maths would be "just another thing"
I use to take home $1000-$1200/month. And was paid pretty crappy at $12/hr. But I was also in school 5 days a week And just worked nights and weekends. Imagine if I worked an actual job plus a job that paid $12/hr. Sounds like you need to reevaluate your skills and promote yourself better on a resume and get a better job/career.
So the 15%, does that include both the solution fund and the emergency fund separately, or is the solution fund and emergency fund the same thing but the latter being x3 of essential expenses. Thank you
Great video for investment bankers/ financial workers /higher tier salary and/or those married to them ;) For Working class folk= a waste of time video/videos.
TL;DR: the hints you get here might be useful for the UK, but they are incorrect for other countries. 4:30 money put into tax favorable accounts being taxed at the beginning, but not afterwards, might be true for the UK, but in Austria for example, money that is tax-favorably used is not taxed at the beginning (rather, it lowers your Steuerbemessungsgrundlage) - for example, say your highest tax bracket is 40%; You get 100€ brutto, and if you dont use if for anything tax-favored, you get 60€ "after taxes" out of them. But if you put them into something tax-favored, you can put all 100€ in there. So you put them in before taxes, and your taxes are counted after all tax-favored expenses are subtracted.
I came to know Christ in jail in 2013 by reading a book, "Overcoming spiritual blindness" by James P. Gills MD. The veil was taken off my eyes. Heaven came through for me in my finances too, getting $35,500 monthly. I can support God's work and give back to my community. God is more than enough!
What if you believe interest is immoral? Would love to see some tips geared toward ethical money practices - given that interest is outlawed in all major religions around the world.
How is interest imoral? That's nonsense. You wouldn't have the prosperity of the west if the economy was slowed down. I want to be rewarded for my self control and keeping money in the bank.
You can’t get a guaranteed return of 6% or higher unless you invest in the stock market. That’s the point. You have to expose yourself to a certain amount of risk to benefit from a greater upside / return.
@@VoiceOfThe Some overseas friends told me that there are some crowd funding projects in Europe for solar field projects that have bonds with a fixed 7% for 15 years.
Nisha, my mortgage is 3% and my passive investments are bigger than 3%. At the end of the year I get between 10k and 20k of savings. Should I invest these 20k in the investment funds, rather than payoff the mortgage?
Try a comparison. Look at the next 10 years. Through compound and returns. Compare what you are making in investments during this time at 3% compared to paying off your mortgage and the value on ur home and more importantly the value on peace of mind that you own the home. Both sound reasonable
My mortgage adviser said it's down to your personal priorities and that not everyone wants to pour every spare penny into their mortgage, because they want to live a little. That's entirely fair.
I'm in love with Nischa! however, personally I feel 65% on expenses is way too high.. Although I guess it depends on circumstances, where you live, wages/salary, kids etc..
And what life you wanna spend where. Me as a Swiss expat going back one day is only a question of how much to NOT loose against the Swiss franc. My SEK lost 20% already in 5 years... which makes me +/- 0% with investments🙃
Sadly, it is perfectly possible to become locked in place and unable to find better opportunities. You can't afford the costs of studying or learning new skills (not all of this is free). You can't afford to relocate. You can't afford things like a suit to wear to interview, or even travel to the interview. Therefore, you are stuck in your rubbish town with your rubbish job. You're imprisoned. There are people in that situation.
"Its not about how much you make, its about how you manage what you make" Its not that managing money will make you rich. Its the practice.. If you cant manage small money, then when you do get big money you wont know how to manage it. Its easier said than done in my opinion.
It's about choosing a job that HAS the ability to pay more if you do more. The more you work, the more you earn. If you're on a global salary you will be worked to the ground for the same money.
I love your videos. Simple and Easy to Understand. Also, The way you narrate is just amazing. I am using your excel sheet and I have been able to invest 50% of my income as investment
👉🏽 My free masterclass (limited spots left!): nischa.me/masterclass10
After about 1 year of improving my personal finances, largely with the help of this channel, I can confirm that saving 10-20% of my monthly income has made me much more relaxed. I recently had to undergo expensive dental operation. A year ago this would have ruined my finances, but today it's just "Damn, there goes most of my savings... but it will not ruin me, and anyway this is what I was saving for: unseen expenses."
I’m a god of devaluation, I buy it and it goes down! Why I can't make earnings is beyond me. It can be annoying how volatile the market is. How can I ride this fresh wave of all-time highs without getting burned again with $450k set aside to get fully invested this year?
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Elise Robinson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I’d be retiring or working less in 5 years, curious to know how best people split their pay, how much of it goes into savings, spendings, and investments. I earn around $250k per year but nothing significant 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
I'm quite lucky exposed to finance at early age, started full time job at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted a professional. As of today, I'm just about 10% short of $1m after 100s of thousands invested.
bravo!! 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?
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial experts like "Karen Lynne Chess" I've worked with her since the pandemic and highly recommend her. You can check if she meets your criteria.
glad to have stumbled upon this, curiously inputted Karen Lynne Chess on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
Hi Nischa,
This was interesting.
I remember watching a previous video of yours about the intentional spending. You even provided an Excel template for it. In that video you talked about allocating your monthly budget according to a 50-30-20 distribution.
In this video, you talk about 15-65-20 or if I reorder it the same way as before - 65-20-15.
Can you share what changed between the old video and this one? WHy the change in distribution?
YEAH! @Nischa hmm hmmm waiting!
I am really bad with money management , been following your channel for quite a while. I plan to implement these principles once i am done paying by credit card debt. 👍🏼
I feel you. Don't give up!
Great fondation advice to building wealth and a secure life! I did this for 33 years with boring low cost mutual funds and now I'm retired and secure.
Here I thought the rule was
1. Do whatever it takes to get out of debt and secure an emergency fund
2. Lock down basic living expenses (property tax, grocery, gas, electricity, water, trash).
3. At least 65% of gross income toward investing. If you can't do that then the area you live is too expensive time to move.
4. Allocate a small amount of sugar money for blowing on going out or buying toys.
5. When you have a lot of money saved up, feel free to spend a few grand on a nice trip.
Good one Nischa .
Keep up your good work
Having an emergnecy fund is great, but it's worth looking to see if you can also obtain some insurance for your income that would pay out if you were to fall sick. Having an emergency fund allows you to defers the point at which you would have to claim on this insurance, which makes it much more affordable. If you have children, both parents should have life insurance in case the other dies and one of you can't work as much due to childcare responsibilities.
I’ve always enjoyed your videos. I wonder if you might be able to do a video for people that don’t have a home loan, have investments and have a good job and probably wasting too much money buying other stuff. Thanks again for all of your fantastic advice.
Really do recommend and suggest people try adding that 20% personal investment into their respective budgets, if they can, as a 'fun fund' if you will. As someone who's been (and to be honest continues to be) a chronic saver and probably unhealthily disciplined with finances over the last few years, having that percentage (albeit an allocation smaller than 20%) saved per month to spend without feeling guilty does make a difference. Really helps knowing everything else is taken care of but I can still treat myself and cover the 'wants', and that it's not just the needs or essentials and that's it.
Agreed. This idea of paying yourself first really works. If you invest in your future as soon as you know you can cover your basic living costs, you can take advantage of the effect of time and compounding. It also stops you wasting your money on buying 'stuff' just so you have stuff.
Must admit that "buying stuff" for the sake of having it was something I used to do a few years ago. Granted I didn't know that it was "for the sake of having it" at the time, but later on you realise it.
Hi Nischa thank you for the great videos. I have watched the masterclass video, regarding the days 5,10, 30,50, if we missed to buy during those certain days we lose out of gaining from those days; a significant amount. How do we know if we missed or when to buy during those days ? Like you wouldn't buy everyday right, so how do you go about this. May I ask what your portfolio consists of ? My portfolio consists of mostly Voo, SCHD, and QQQM.
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, Evelyn Infurna. 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.
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
As a newbie, what do I need to do? How can I invest, on which platform? If you know, please share. I'm new to this, please how can I contact her?
Use her name to quickly conduct an internet search.
I want to be part of this success... I need to contact Evelyn immediately. Thanks for the info
A key take away here is to TAKE ACTION! great video Nischa 👏🏽
Yet another no nonsense video 😍
What an amazing video! Thank you for sharing such valuable insights.
I also unfortunately didn’t really start until 40. I’m very fortunate however in that I’m in a position to aggressively save and invest now for the next 25 years to have a reasonable retirement. Another trick is to pay yourself first. This really helps keep the lifestyle inflation in check!
love you Nischa!!💗
Nice vid! Can I ask if you'll ever make a video about the UK stock market and how to get returns from it? The FTSE-100 hasn't performed all that well over the past 20 years.
Also, is it possible to invest in the American markets using a British brokerage acct?
This is huge Nischa , thanks.
Thanks for the information! Be blessed and stay healthy! One Love ❤️
My biggest spending category is food. We don't eat out or buy meat except mince, followed by transport. I am the most frugal person I know. I do everything(yes, literally everything) myself, and we own our home. The government ruined the economy over covid with inflation and they are trying to fix it with immigration. Now I'm paying for it and I didn't ask for either.
I don't understand this number game all the influencers are bringing in. put x% here, y% there. Its not like all of them have the same % also. Ultimately it boils down to a very simple thing: Don't give in to peer pressure, fancy ads etc. Lead a normal life
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Ever since Covid, I’m finding that $20K, $30K, $50K, aren’t what they used to be. A car can eat up $50K if you aren’t selective. $100K as a long term goal is admirable, but it isn’t going to get you far in retirement.
Great video, as always 😊 Thank you Nischa❤
I just don't see how this role or any other works well for people that are on lesser wages and single.
I'm almost 40 and after tax, NI and pension I have 2,730.11. average apartment in Birmingham centre is 1,200 - 1,500 a month's when considering maintenance and ground lease, etc. once I've paid for that, bills, my car and food I don't have much spare at all. I'm not seeing a chance of having a holiday let alone anything else. Stressed just a little.
Vcations or holidays should be en the last ?the 20% ?
Love your financial advise
have you got somewhere someone can ask you specific questions based on your own circumstances (not public) and get advice, videos are great btw i just wish i knew how to tailor them to my own very specific salary/debt
I have been trying to teach my children this but they refuse to listen. What can I do? 😢😢😢
I love the grounded reality of this channel!! All we need is the right advice on how to invest in some digital market and stop relying on this government. Retirement took a toll on my finance, but with my involvement in the digital market, $47,000 weekly returns has been life changing I pay my taxes. Regardless of how bad it gets on the economy
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency,stocks,through the assistance of my discretionary fund manager,
Mr James Werden
James werden,, has really helped my life and entire family last year. May God inspire you more sir more grace I pray 🙏🏻🙏🏻🙏🏻
Alright thanks for the recommendation but how do I reach him?
HIS AVAILABILITY IS SURE ON WHAT'S APK
Can you please make a video on BRICS , is it good to invest in its currency
I’m a simple man. When I see that Nischa uploads a new video… I CLICK!
I'm 28 years old, I’ve been told to invest in stocks. what are excellent long-term investments? how can I grow this $400k
tech stocks and Dividend portfolios with that. If you don't have experience, you could consult with a broker
Same, I just use RUclips for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to decade of having one
You can never go wrong with the s&p500
Is there any reason to invest more than 25% of your post-tax income? I always here to stick with 25%. But like would 35% be better?
it's kinda crazy how nobody's talking about the forbidden ebook called derp money
Where does spending on health and fitness come in?
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Well you got a point truly but right now i feel e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
Honestly, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.
Interesting, Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Well I don't comfortably throw recommendations around on the internet, but I've been working with Nancy Magaret Delony. God ! she's brilliant! I'm sure there are others who are good.
thanks for putting this out, it has truly rekindled the fire to my goal..
My essential costs aren’t that high - they are 40% (rent bills and groceries). I invest 19% of my salary and then I have about 6% student loan debt payment. So then I have 35% fun costs. Is that too high? I always feel like it’s not enough so 20% seems very low. I don’t even drink alcohol! But eating out and doing fun things costs so much
I love the opening statement Nischa! Great video, I always learn something every time! 🙏💯
2:33 am I not getting something or are you ignoring inflation?
6% is impressive, for a 100% safe bank account -
as you wouldnt place your safety cushion in risky stocks, would you? For within 20 years, the market would certainly crash at least once -
but 6% is barely over, and sometimes under inflation rate;
This means you would have a bigger number on your account (30k), which could buy less which could buy less than the 10k you started with.
Or did you mean InflationRate+6% annual return, which seems completely impossible in safe portfolios?
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Thats when you hire someone to manage your money. You need a financial-advis0r straight up!
*You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst*
*Could you possibly recommend a CFA you've consulted with?*
Open a free brokerage account with Vanguard and invest in an S&P ETF like VOO. Very low cost and excellent returns over time.
I'm currently on the 30/60 plan - 30% into savings and pensions and 60% into mortgage and bills.
I guess that's my punishment for not taking my finances seriously enough until I hit 40, oh, and being single.
You're not alone.
10 years ago I was net worth 80thous after mortgage car bike credit card , I got feed up with no money every payday was pay bills and interest. As of 2024 oct now owe 30 thousand on my home payed off feb 2025 , our net worth is now we can do whatever we would like , we simply maxed out super , paying off all debt no more credit cards and stopped buying shit . Even looking at an early retirement now.
Imagine if Janet not only invested $10 at the start of her investment journey but also contributed 15-20% of her income each paycheck.
This has been vey insightful
Awesome video
Australia has no tax advantaged account. With super you get taxed minimum 15% when you contribute and then again after to reach preservation ago and start to draw on it.
Hello Nischa thanks this fantastic video very helpful for me
God bless 🙌 you Ashirwad
Hi! What do you use to make your thumb nails? 😊
Einstein never actually called Compound Interest the 8th wonder of the world. Also, he never even said the definition of insanity was doing the same thing over and over again and expecting different results. Great video though :)
Most people know this is apocryphal.
Yesterday i was talking to a couple of friends and they're making almost x 2 of what I make.
But because of high rent and crazy expenses, they were stressed about money.
I'm self employed and now that I'm starting to make an okay salary (for me anyway), I can now save, invest and feel free about my money. I'm not making a lot of money, but I'm trying not to spend a lot either.
My goal is to save 15k dollars within the next 12 months since october 1st. I'm now at 3k and have set up my savings account to now transfer every month. I'm motivated to reach my goal.
Thanks for all the advice 🙏
@erikjuarezdk2367 Get it out of the savings account and get it in to the S&P 500 - and earn an average of 10% per year. with compound interest you'll have 100k in 7 years, the next 100k with take just 4 and the following 100k 2 years, as long as you still keep putting in 1000 a month, and get the 10%* per year. Over the past 10 years, the S&P 500 has returned an average of 10.7% per year.
I now earn £20k more than I did in 2015 and certainly don't feel £20k better off. Things were cheaper back then, much less coming in and was saving much less, but I didn't feel "poor" per se. I'd happily have earned more but I wouldn't say I was struggling.
Even found some supermarket receipts from 2013. One thing I'd like to do is price up the same items at the same supermarket (and it literally is the same supermarket because I still live in the area) and see what the difference is 👀
That is a good way to loo at it!! What do you do for a business?
@@kevingo9895 Hi Kevin I'm in manufacturing, got in to all this very late. They say the first 100k is the hardest. Just hit mine, the next comes much quicker with compound interest. Nischa does a great video on that too. Good luck!
My issue is I need a higher earning job. Currently extremely underpaid. Praying for new job and increase so I can apply these things
can I use the the 20% to by a rare wu tang album
We don’t have such thing as employer match in Finland, wonder why
That's what happens when you just translate the content from other languages to make your content.
Einstein never said that about compounding.
It seems magic to feeble minds, for anyone with even a little bit of understand of maths would be "just another thing"
Hard on £2k a month take home pay, the 65% is more like 70/80%
I use to take home $1000-$1200/month. And was paid pretty crappy at $12/hr.
But I was also in school 5 days a week And just worked nights and weekends.
Imagine if I worked an actual job plus a job that paid $12/hr.
Sounds like you need to reevaluate your skills and promote yourself better on a resume and get a better job/career.
@@chaselesser3191 I'm on £32k a pretty average salary in the UK but you're probably right I have a fairly skilled job but getting underpaid for it
Interestingly my budget ended up being 20/60/20.
So the 15%, does that include both the solution fund and the emergency fund separately, or is the solution fund and emergency fund the same thing but the latter being x3 of essential expenses. Thank you
Great video for investment bankers/ financial workers /higher tier salary and/or those married to them ;)
For Working class folk= a waste of time video/videos.
I use an HSA for medical emergencies.
04:09 And in South Africa its the Tax Free Savings Account (TFSA)
Same in Canada, We have the TFSA.
Right
TL;DR: the hints you get here might be useful for the UK, but they are incorrect for other countries.
4:30 money put into tax favorable accounts being taxed at the beginning, but not afterwards, might be true for the UK,
but in Austria for example, money that is tax-favorably used is not taxed at the beginning (rather, it lowers your Steuerbemessungsgrundlage) -
for example, say your highest tax bracket is 40%;
You get 100€ brutto,
and if you dont use if for anything tax-favored, you get 60€ "after taxes" out of them.
But if you put them into something tax-favored, you can put all 100€ in there. So you put them in before taxes, and your taxes are counted after all tax-favored expenses are subtracted.
all the forbidden money books are there, and that will launch you far ahead of everyone and give you an unfair advantage.
I follow 25/50/25 post tax
me too! It works great for me!
I came to know Christ in jail in 2013 by reading a book, "Overcoming spiritual blindness" by James P. Gills MD. The veil was taken off my eyes. Heaven came through for me in my finances too, getting $35,500 monthly. I can support God's work and give back to my community. God is more than enough!
Miss Ankur wakiroo?
Die with Zero is sad, how about generation wealth? It can makes generation wealthy too
Is this not just Ramit Seth’s CSP repackaged?
Hi Nischa, is this rule an update version of the 20-50-30 rule, accounting for increased cost of life?
My first thought.
Possibly
I also thought the same,the updated umbrella rule
What if you believe interest is immoral? Would love to see some tips geared toward ethical money practices - given that interest is outlawed in all major religions around the world.
How is interest imoral? That's nonsense. You wouldn't have the prosperity of the west if the economy was slowed down. I want to be rewarded for my self control and keeping money in the bank.
Nischa and Emma Raducanu could be sisters
Nischa doesn't get injured as often.
Your voice and the accent nakes these videos super hit. Keep geping.❤
Damn. This woman is beautiful.
where the F do you get 6 % or higher annual return ? I can only get 3 % if lucky 4%. In banks (excluding stock market)
You can’t get a guaranteed return of 6% or higher unless you invest in the stock market. That’s the point.
You have to expose yourself to a certain amount of risk to benefit from a greater upside / return.
@@VoiceOfThe Some overseas friends told me that there are some crowd funding projects in Europe for solar field projects that have bonds with a fixed 7% for 15 years.
@@VoiceOfThe if you take risks, then within 20 years, you will certainly lose at least once.
@@peka2478
You’re misunderstanding the fundamentals of a long-term approach to investing, based upon historical performance of global indexes.
Don't put all your eggs in one basket diversify Globally
My mom and I would have a similar saying, “it’s not how much you make but what you keep.” 💛
Nisha, my mortgage is 3% and my passive investments are bigger than 3%.
At the end of the year I get between 10k and 20k of savings.
Should I invest these 20k in the investment funds, rather than payoff the mortgage?
Try a comparison. Look at the next 10 years. Through compound and returns. Compare what you are making in investments during this time at 3% compared to paying off your mortgage and the value on ur home and more importantly the value on peace of mind that you own the home. Both sound reasonable
My mortgage adviser said it's down to your personal priorities and that not everyone wants to pour every spare penny into their mortgage, because they want to live a little. That's entirely fair.
Love your videos, do you ever post on X?
Disagree. It sure does depend on how much you make. Bottom line. It all starts with how much money you have inbound. Then you go from there
I'm in love with Nischa! however, personally I feel 65% on expenses is way too high.. Although I guess it depends on circumstances, where you live, wages/salary, kids etc..
Its not what you earn. Its what you can save.
And what life you wanna spend where. Me as a Swiss expat going back one day is only a question of how much to NOT loose against the Swiss franc. My SEK lost 20% already in 5 years... which makes me +/- 0% with investments🙃
I mean if you earn double and use the same strategies then it’s what you earn and save/invest. Don’t try and convince yourself otherwise.
It’s not what you know, it’s what you can prove
Sadly, it is perfectly possible to become locked in place and unable to find better opportunities.
You can't afford the costs of studying or learning new skills (not all of this is free). You can't afford to relocate. You can't afford things like a suit to wear to interview, or even travel to the interview.
Therefore, you are stuck in your rubbish town with your rubbish job. You're imprisoned. There are people in that situation.
Living in a small town where you can just cycle everywhere...
Love from India ❤
Genuine economic mentor ❤
i'm on the disability support pension lol xD
Beautiful woman!
Hello from London 🇬🇧🙌🏼 I don’t believe you can save money here 😅 Too much expensive 😢
One million subscribers can not be wrong. Another wise video.
She's so beautiful
Blimey, I subscribed at about 20K, now over a million, must be the compound effect 😀 Well done and you showed those negative family and friends!
"Its not about how much you make, its about how you manage what you make" Its not that managing money will make you rich. Its the practice..
If you cant manage small money, then when you do get big money you wont know how to manage it. Its easier said than done in my opinion.
It's about choosing a job that HAS the ability to pay more if you do more. The more you work, the more you earn.
If you're on a global salary you will be worked to the ground for the same money.
Hey Nischa, do you have a video that teaches how to manage payday routine & savings on an unpredictable & varying income?
What about taxes? Did I miss something on this video?
I think the formula starts once taxes are paid.
FEMALE VERSION OF ANKUR WARIKOO
I love your videos. Simple and Easy to Understand. Also, The way you narrate is just amazing. I am using your excel sheet and I have been able to invest 50% of my income as investment
Everyones videos turns into the exact same format, speech pattern and subtle 'buy my course with limited only spaces available' BS.