Hi Nischa I joined the last one and it was so eye-opening. The PPU rule you mentioned on one of the days is something I wish I knew about sooner. my husband laughs at me because I'm now always using that calculator you shared. thank you so much !!!
My parents wont listen to me so I subscribed them to your channel now they watch you every time they log on to youtube. Thanks you have been great help for them.
I went on a cruise in October. And one evening over dinner a gang of us where talking. We soon realised that we all buy too much stuff, even though we all seemed to go on holiday regularly. Imagine how much , even better, life would be if we could avoid filling our homes with stuff we don't really need!!
I couldn’t find the video mentioning a weekly whiteboard - I started using one a year ago to keep myself accountable to my goals and it’s one of the habits that transformed my life. Love your videos, they helped me change my mindset and gave me tools to really get a grip on my finances. Looking to pay off my mortgage in the next 18months. Good financial habits create a snowball effect.
Loved this. I think cutting down on unnecessary spending is super hard though. I think so much of spending is almost unconscious now and companies make it so easy to take money from you! I tried a "no spend' challenge to see how long I could go without buying anything unnecessary. I have to say I've found it surprisingly easy and enjoyable!
Nischa and Ramit Seti are the only two finance gurus I listen to. They speak a similar language, simple and logical. It's through these two I've managed to turn my finances around and I'm almost completely debt free! Plus, I still live a "rich" life doing stuff I enjoy without being tight with money. It also allows me to treat friends and family from time to time 😎
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?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
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.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I’ve read a lot of books, but women’s magic truths on borlest is on another level. It doesn’t just talk about vague concepts-it reveals secret techniques that can actually help you attract almost anything you want in life. This isn’t some watered-down law of attraction; it’s the real deal. You won’t believe what you’re missing out on until you read it.
Here is a JOLLY good tip! Build an army. Make friends. Talk to people. Get out there. Get interested in people and be prepared to HELP them. That way, YOU are the person they will remember when something interesting happens, something that may WELL benefit you.
How about a video on Inflation? It's not the increase in the price of goods and services, but rather the decrease in value of the Pound/Dollar etc. Explain how the printing of money by central banks increases the money supply and how it effects your savings over time.
I think the best way it was described to me, was that inflation is the decrease in buying power. I like that way of thinking about it, as it reframes how I negotiate rates, salaries etc.
I don't agree with paying off debt without a savings account. Because when ish hits the fan, you have to borrow AGAIN instead of covering yourself with your savings.
For anyone who reads this comment, I automate all my bills + 10% so when i get paid the following day my phone, mortgages, power, rates, taxes, and everything else is deducted. Whats left is my free cashflow. Now im in credit for everything. I could be hospitalised for the next 3 months and still have all the bills covered. Its very relaxing knowing this.
You should rather put that 10% in an interest bearing easy access savings account. That way you earn the interest on your money and not the providers. You will still have peace of mind and a nice little pot of savings for a rainy day.
@@stillwithyou7072 Your absolutely right, however ill clarify. I see being in credit i see it as a non binging insurance policy. When i deem i have an ample level of security against whatever i go into my bank app and halt the payments till some time in the future to allow the credit to be consumed, then lets say 8 weeks later it automatically starts paying again. In the mean time while its not paying bills i unfreeze another which directs the same 10% into a share market investment account. for the same period. The only issue with this is previously its been running so efficiently that I forget from time to time, and the power company puts the price up for example and 1 year later i get a bill for $1000 as the credit was widdled away. Ive been doing this over 20 years now. Best thing i ever did.
Your mortgage is tricky for your theory. What you've paid goes toward your principal, not your next payment. What will be best is to make your prior payment on the 17th or 18th(then you're paid for the next month) or put 10% aside in one account specifically for mortgage payments( if there's an emergency or lost of work)...you can use those funds to pay your notes with no issues. Once you have 12 months of payments you can start putting 10% towards your principal. But keep that 12 months in the special account. That way you can really breathe knowing you have at least a year to get back on your feet. A relative told me I should put all that on my house note to bring it down. I had to explain. Yes. It will bring what I owe down... but it won't lower my monthly payments. If I fall on hard times, I will still owe my monthly note now matter how much over I've paid into it. This is what we call "reserves" and they're there for a reason.
All of this presupposes that people have extra money left at the end of each week or month. Even with cutting out extras and scrimping, though, most people don't. Many aren't even meeting their basic expenses. I suspect most folks need advice on how to generate more income rather than tips on how to save more. Here in the US, it's only going to get worse in 2025 with proposed tariffs and a predicted shortage of low-paid labor that will skyrocket the price of consumer goods. I will check out your passive income ideas -- thanks for those.
Going for cheaper options is a great idea, I just realised that I could potentially save around £50 p/m on travel costs to work and back…not bad! Well, it would take me 10 min longer to walk to the next station every time (and 10 min back) but I’m willing to try😅
I would join up, but I’ve already successfully did all your baby steps in the last 30 years. Thank you though it’s nice to listen to howone teaches another person to save. I did it on my own. The only help I got was when I was about 14 years old. I want full-time working at the age of 16 and my dad said to me and I’m number eight out of 10 kids but I got it. If you save $20 a day at 600 a month don’t ever touch it again and don’t ever make an excuse to touch it. Again, it is still nice to listen.
Excellent video but Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Mischa, good video…however you missed some necessities…insurance (health, auto, life, renters etc) and taxes. While most people have taxes deducted from their checks, it’s a great idea to have the minimum deducted and put the anticipated overage into savings. That way you are earning interest on the money instead of letting the government hold it for you interest free. So many people pay the maximum into their tax account and garner huge refunds. All that missed interest…sigh.
@ I’ve sat down and now working through all my finances. I’m self employed, have three children. So I really need to be realistic about what I put away. Seriously, thank you for this.
Hey Nisha! Big fan here. I just started a finance channel (live in the US), and just uploaded my first content. I wondered if you had any advice for someone just getting started in the finance space?
Many,many Canadians have been squeezed into poverty…rent takes 75-100% of people’s earnings…many families living in trailers and mobile homes, many many homeless in every community. 1/50 people in my community are completely homeless and many more are in inadequate dwellings that were never meant for full time housing.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Mary Monica stigle ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Nischa, your comment on renegotiating your rent lease got me thinking. I’m 67, sold my house, staying with a friend while looking for another. At this point in my life I’m wondering if I should rent. I’m planning to pay cash if I buy. But the lost opportunity cost while tieing up all that cash. Plus all expenses of owning these days. I wondering what your thoughts are. And/ or do you have a video discussing this
Hey, I've got a video breaking down the buy vs rent debate and the key things to consider here: ruclips.net/video/vVYENjyRjdE/видео.htmlsi=p02Njogi3IRpSyIK
Thanks for all your advice and videos. Can you please advise if ETF's at this point in time are worth investing in? like the S&P 500. Do you invest in these too? Thanks
Hi Nischa I was initially drawn to your videos because of your stunning beauty and captivating presence. Your beautiful eyes, lovely hair, and engaging speaking style are truly mesmerizing. However, as I delved deeper into your content, I discovered a wealth of valuable insights and practical advice on the financial sector. Your experience and knowledge have been incredibly helpful, and I've implemented many of your suggestions. I want to express my sincere gratitude for all the hard work you put into creating such informative and inspiring videos."
Nischa the work you are doing is making a positive difference to people lives worldwide. You deserve all the good things you are getting from life. One day you will be a self made billionaire. 🙏
This woman 😅 Just save 200 a week. Super manageable... I make a really good salary but 200 a month is stretching it. Who has 800 a month just lying around 😂
Negotiate rent 😂. That's a good joke. Not in greedy super inflated USA. Here they raise the rent every time your lease is up. Your choices are pay it or find another apartment that's usually crap.
Amazing content in this video! I rarely suggest anything in comments, but the book women’s magic truths on borlest is a game-changer. It provides deep knowledge on wealth and self-care that can really make a difference. Take care, everyone
Such a valuable video! I don’t often promote books, but the book women’s magic truths on borlest is an exception. It’s packed with insights on wealth and self-care that are not widely known. All the best to everyone
who has a spare 1000 euro a month? if people are able to spend 1000 euro a month unnescasarry on take outs, coffee to goes and restaurants and clothes, thats insane
I want to thank the Lord Jesus Christ for hearing and answering my prayers, thank You, Lord! May the Holy Spirit continue to guide us in sharing Your unconditional love. On another note, trusting the process really does bring great rewards. Working with Melissa Jonas Richard has positively impacted my financial journey, and her advice has helped me grow. If you’re considering a change, don’t hesitate and stay disciplined it could be just the opportunity you’ve been looking for!
Oh my goodness, I’m so happy to hear that! Melissa is amazing. I was skeptical at first, but her approach to investments is next level. I started small, but now my portfolio is way better than I ever imagined. She’s really professional and has been verified by major agencies like the Financial Conduct Authority (FCA) and the U.S. Securities and Exchange Commission (SEC). Honestly, I wouldn’t have believed it if I hadn’t experienced it myself.
You are the CEO of your life through the decisions & choices you make. Take control of your life and make decisions that look after you....and your future self, dont sabotage yourself in the present now, your habits will determine your future.
Try taking 1 hour per week classes from a good English teacher. Read good books and read English grammar books. See free online courses at Coursera etc. Practice reading, writing, listening and speaking English. Spend around 1 hour per day for a year. You will see the progress. Continue to create vision, goals to reach that vision and continue working on those goals.
Divide a goal into smaller chunks so you can manage to reach it more quickly. Make a list of where your money goes to, mostly house and groceries. Do you need or want something, that your money is going to. STOP borrowing, don't get into debt Think, want, do frame work: spend on fundamental, fun and future products Save money, cut costs etc
As a landlord I've never been asked to lower rent, but I've been asked not to put it up as a reward for a long term lease. One of my current Tennants hasn't had their rent increased for 3 years now. But they know when they go it will be the market rate for the next person. This makes them think twice about leaving too.
One thing I will say that you never really touch on is how you put a price on life experiences. I lived in NYC for 5 years and all you do is work your ass off to pay the city almost everything you earn... doesn't make sense financially, but the experience was priceless. Travelling has similar benefits that is hard to put a price on. You need balance in life.
Thanks for this video i have challenged myself to put away 50% of my monthly income into stock options which is quite easy since I live frugal without debt. I work as an account exec, and make over $20k. $10k goes into stocks, and the other $10k covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager Susan Kay Mack who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term.
👉🏽Join my free 5-day Savings Challenge: nischa.me/save
Hi Nischa I joined the last one and it was so eye-opening. The PPU rule you mentioned on one of the days is something I wish I knew about sooner. my husband laughs at me because I'm now always using that calculator you shared. thank you so much !!!
Ok I am tring to save my whole wages this year but have 16k in a invest in account not got 20 k in a isa can I change it and add to a isa in stock
My parents wont listen to me so I subscribed them to your channel now they watch you every time they log on to youtube. Thanks you have been great help for them.
I went on a cruise in October. And one evening over dinner a gang of us where talking. We soon realised that we all buy too much stuff, even though we all seemed to go on holiday regularly. Imagine how much , even better, life would be if we could avoid filling our homes with stuff we don't really need!!
I couldn’t find the video mentioning a weekly whiteboard - I started using one a year ago to keep myself accountable to my goals and it’s one of the habits that transformed my life. Love your videos, they helped me change my mindset and gave me tools to really get a grip on my finances. Looking to pay off my mortgage in the next 18months. Good financial habits create a snowball effect.
Loved this. I think cutting down on unnecessary spending is super hard though. I think so much of spending is almost unconscious now and companies make it so easy to take money from you! I tried a "no spend' challenge to see how long I could go without buying anything unnecessary. I have to say I've found it surprisingly easy and enjoyable!
Thank you for the reminder , an American obsessed with “deals” at Marshall’s
Nischa and Ramit Seti are the only two finance gurus I listen to. They speak a similar language, simple and logical. It's through these two I've managed to turn my finances around and I'm almost completely debt free! Plus, I still live a "rich" life doing stuff I enjoy without being tight with money. It also allows me to treat friends and family from time to time 😎
These two guru I like them alot
The financial Diet is also quite good
Ramit’s personality annoys me sometimes. His book and the Netflix show is good though.
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?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
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.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Investments are the roots of financial security; the deeper they grow, the stronger your future will be."
The deeper your investment roots, the stronger your financial security will be in the future.
Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
You seem allways so positive nice hearing you talk...Thanks
Hey Nischa, we need a video on wearing same style of cloths & how it effected your life positively. Thank you ❤
How to double savings?
Step 1: Open savings account with £1
Step 2: Add another £1
I’ve read a lot of books, but women’s magic truths on borlest is on another level. It doesn’t just talk about vague concepts-it reveals secret techniques that can actually help you attract almost anything you want in life. This isn’t some watered-down law of attraction; it’s the real deal. You won’t believe what you’re missing out on until you read it.
You said “Hi, I’m Nischa, I’m a qualified Accountant” and I said aloud “and you’re GORGEOUS”…so I had to type it since you couldn’t hear me, lol.
I actually managed to double my savings in just a month once! It sounds wild, but with a few targeted moves, it’s more doable than you’d think.
My dear, you've explained this so clearly that I could understand. I've subscribed to your channel. Thank you.
Here is a JOLLY good tip! Build an army. Make friends. Talk to people. Get out there. Get interested in people and be prepared to HELP them. That way, YOU are the person they will remember when something interesting happens, something that may WELL benefit you.
How about a video on Inflation? It's not the increase in the price of goods and services, but rather the decrease in value of the Pound/Dollar etc. Explain how the printing of money by central banks increases the money supply and how it effects your savings over time.
I think the best way it was described to me, was that inflation is the decrease in buying power. I like that way of thinking about it, as it reframes how I negotiate rates, salaries etc.
Spot on bro
I think she’d rather play safe soft balls than spit facts
I don't agree with paying off debt without a savings account. Because when ish hits the fan, you have to borrow AGAIN instead of covering yourself with your savings.
For anyone who reads this comment, I automate all my bills + 10% so when i get paid the following day my phone, mortgages, power, rates, taxes, and everything else is deducted. Whats left is my free cashflow.
Now im in credit for everything. I could be hospitalised for the next 3 months and still have all the bills covered. Its very relaxing knowing this.
You should rather put that 10% in an interest bearing easy access savings account. That way you earn the interest on your money and not the providers. You will still have peace of mind and a nice little pot of savings for a rainy day.
@@stillwithyou7072 Your absolutely right, however ill clarify. I see being in credit i see it as a non binging insurance policy. When i deem i have an ample level of security against whatever i go into my bank app and halt the payments till some time in the future to allow the credit to be consumed, then lets say 8 weeks later it automatically starts paying again. In the mean time while its not paying bills i unfreeze another which directs the same 10% into a share market investment account. for the same period.
The only issue with this is previously its been running so efficiently that I forget from time to time, and the power company puts the price up for example and 1 year later i get a bill for $1000 as the credit was widdled away. Ive been doing this over 20 years now. Best thing i ever did.
Your mortgage is tricky for your theory. What you've paid goes toward your principal, not your next payment. What will be best is to make your prior payment on the 17th or 18th(then you're paid for the next month) or put 10% aside in one account specifically for mortgage payments( if there's an emergency or lost of work)...you can use those funds to pay your notes with no issues. Once you have 12 months of payments you can start putting 10% towards your principal. But keep that 12 months in the special account. That way you can really breathe knowing you have at least a year to get back on your feet.
A relative told me I should put all that on my house note to bring it down. I had to explain. Yes. It will bring what I owe down... but it won't lower my monthly payments. If I fall on hard times, I will still owe my monthly note now matter how much over I've paid into it. This is what we call "reserves" and they're there for a reason.
@kimberlymartin459 nice one Kimberley thanks.
@bosshoggett you're welcome 😊
Great ideas! I’m sad I missed the savings challenge deadline; I’ll be watching for the next challenge! Thank you!!
Ty for this! I needed this breakdown. Happy Holidays everyone!
All of this presupposes that people have extra money left at the end of each week or month. Even with cutting out extras and scrimping, though, most people don't. Many aren't even meeting their basic expenses. I suspect most folks need advice on how to generate more income rather than tips on how to save more. Here in the US, it's only going to get worse in 2025 with proposed tariffs and a predicted shortage of low-paid labor that will skyrocket the price of consumer goods. I will check out your passive income ideas -- thanks for those.
Every video is a gem. Nischa you really need to write a book!
Going for cheaper options is a great idea, I just realised that I could potentially save around £50 p/m on travel costs to work and back…not bad! Well, it would take me 10 min longer to walk to the next station every time (and 10 min back) but I’m willing to try😅
Thank you for the video
Thank you, it helped a lot. ❤
Thank you for these informative video 😊
A very good and informative video, thank you Nischa 😊🎉
This automatic/structured investment technique is really good. I have built my portfolio adopting the same thing
Love your content Nischa ! Thank you so much for these tips ! 🎉
Your advice to put 10% of income into savings was life changing for me. I used it to reduce my mortgage & pay my daughter's accomodation fees 😊
I would join up, but I’ve already successfully did all your baby steps in the last 30 years. Thank you though it’s nice to listen to howone teaches another person to save. I did it on my own. The only help I got was when I was about 14 years old. I want full-time working at the age of 16 and my dad said to me and I’m number eight out of 10 kids but I got it. If you save $20 a day at 600 a month don’t ever touch it again and don’t ever make an excuse to touch it. Again, it is still nice to listen.
I cut out most of my eating out. I only do it 1 a month.
First in... Nischa hope your well, Keep up the great videos, I used to work for GS too. A great new career move ✅️
Excellent video but Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
You're correct!! I make a lot of money without relying on the government,
Investing in stocks and digital currencies is beneficial at this moment.
Job will pay your bills, business make you rich but investment build and wealth long term, the future is coming.
I am from America. I have commented on your wonderful videos before. I Luv you Nischa!!!!
I have been accepting the challenges you have been show and telling... so far, it has been working! little by little... Thank you!
Speaking of waiting for Black Friday sales, could you make a video about how to not overspend when sales are on?
Love saving challenges .Just finished one .
i think housing and grocery are the biggest costs
Great video nischa wonderful information keep it up God bless you
Mischa, good video…however you missed some necessities…insurance (health, auto, life, renters etc) and taxes. While most people have taxes deducted from their checks, it’s a great idea to have the minimum deducted and put the anticipated overage into savings. That way you are earning interest on the money instead of letting the government hold it for you interest free. So many people pay the maximum into their tax account and garner huge refunds. All that missed interest…sigh.
Hey, am a day late, wonder if i can join your 5 day? Or should I just wait for the next one hopefully before the holidays!
Great informative video. I appreciate it .😊
Thanks a lot for the tips really helpful👏👏
its hard to put into words, but the book Magnetic Aura from Talesio completely changed my life and it's not new age bs
Did think of saving like this. I have a target but no routine.
"If you fail to plan, you plan to fail..."
@ I’ve sat down and now working through all my finances. I’m self employed, have three children. So I really need to be realistic about what I put away.
Seriously, thank you for this.
Hey Nisha! Big fan here. I just started a finance channel (live in the US), and just uploaded my first content. I wondered if you had any advice for someone just getting started in the finance space?
Thankyou for all the information! This was really helpful :)
Great video and production!
Sadly, in the US, there is no negotiating with your landlord.
You can negotiate with anyone. There is no law stating you can't negotiate w/your landlord.
@ never said it’s prohibited, it’s just extremely rare for a landlord to bring rent down, at least in my city.
As a landlord I've never been asked except that could they could have a dog.
Many,many Canadians have been squeezed into poverty…rent takes 75-100% of people’s earnings…many families living in trailers and mobile homes, many many homeless in every community. 1/50 people in my community are completely homeless and many more are in inadequate dwellings that were never meant for full time housing.
Thanks and keep up on these Nischa!
Great tips, thank you.
Thank you for this great content!😊
Always great advice. Thank you
Thanks. I just needed this video ❤
Awesome ❤
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Mary Monica stigle ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Nischa, your comment on renegotiating your rent lease got me thinking.
I’m 67, sold my house, staying with a friend while looking for another. At this point in my life I’m wondering if I should rent. I’m planning to pay cash if I buy. But the lost opportunity cost while tieing up all that cash. Plus all expenses of owning these days. I wondering what your thoughts are. And/ or do you have a video discussing this
Rent, no maintenance costs and not fixed to a location.
Hey, I've got a video breaking down the buy vs rent debate and the key things to consider here: ruclips.net/video/vVYENjyRjdE/видео.htmlsi=p02Njogi3IRpSyIK
Glad to know I'm already on the right track 😁
Love you Nischa!!!❣
Thank Nischa always a blessing
Isn't it crazy how simple it sounds, but most people STILL don't do it? Automation is the key to making savings effortless!
Is it too late to join?
Thanks for all your advice and videos. Can you please advise if ETF's at this point in time are worth investing in? like the S&P 500. Do you invest in these too? Thanks
Yes and it's foolish not to. Quickest way to accelerate your savings.
It's time to be out of the S&P now.
Hey 👋. Can u pls do a video for the best budgeting app that’s simple and useful in 2o25 . Plsss
Hi Nischa
I was initially drawn to your videos because of your stunning beauty and captivating presence. Your beautiful eyes, lovely hair, and engaging speaking style are truly mesmerizing.
However, as I delved deeper into your content, I discovered a wealth of valuable insights and practical advice on the financial sector. Your experience and knowledge have been incredibly helpful, and I've implemented many of your suggestions.
I want to express my sincere gratitude for all the hard work you put into creating such informative and inspiring videos."
Thanks again dear.
What is the best bank?
CIT Bank
@ Ty I ask because my parents have chase
@Alex-o8o6k Currently, APY is at 4.71. The highest I've seen is 5.06. Several months ago, it was at 5.0-5.03.
@@rommel6109 I was thinking of getting a capital one
@@rommel6109 is it in texas
Yass Nischa! Awesome 💎 strategic plan to be financially free
Make sure to keep the minimum balance in your main account, so you don’t trigger $30 a month fees, that alone is $400/yr
This could work for folks who make enough to save that much- not the case for those on the lower end of income.
Always up for learning but don't see anything actionable for me 😕
Thank you for being GORGEOUS!
how
Also remember that though it is a good start your savings would never be enough.
Nischa the work you are doing is making a positive difference to people lives worldwide. You deserve all the good things you are getting from life. One day you will be a self made billionaire. 🙏
This woman 😅
Just save 200 a week. Super manageable...
I make a really good salary but 200 a month is stretching it. Who has 800 a month just lying around 😂
Just a nice round number example to give you an idea on how to break it down.
Negotiate rent 😂. That's a good joke. Not in greedy super inflated USA. Here they raise the rent every time your lease is up. Your choices are pay it or find another apartment that's usually crap.
You are special.
But 'borrowing' from banks is an investment to people who know how to deal with finances.
I LOVE 🇬🇧
Amazing content in this video! I rarely suggest anything in comments, but the book women’s magic truths on borlest is a game-changer. It provides deep knowledge on wealth and self-care that can really make a difference. Take care, everyone
Love u so much from pak.
Such a valuable video! I don’t often promote books, but the book women’s magic truths on borlest is an exception. It’s packed with insights on wealth and self-care that are not widely known. All the best to everyone
(Not a bot) I doubled my savings in a month but that’s cause I timed my investments in a certain currency. It’s not gonna happen for another 4 years 😅
who has a spare 1000 euro a month? if people are able to spend 1000 euro a month unnescasarry on take outs, coffee to goes and restaurants and clothes, thats insane
its dollars, not euro
@av8213 in the US it would be dollar. But in my country were paying Euros
And I need to apologize. I use voice recognition and sometimes I don’t check the Grammatical, errors.
I want to thank the Lord Jesus Christ for hearing and answering my prayers, thank You, Lord! May the Holy Spirit continue to guide us in sharing Your unconditional love. On another note, trusting the process really does bring great rewards. Working with Melissa Jonas Richard has positively impacted my financial journey, and her advice has helped me grow. If you’re considering a change, don’t hesitate and stay disciplined it could be just the opportunity you’ve been looking for!
Oh my goodness, I’m so happy to hear that! Melissa is amazing. I was skeptical at first, but her approach to investments is next level. I started small, but now my portfolio is way better than I ever imagined. She’s really professional and has been verified by major agencies like the Financial Conduct Authority (FCA) and the U.S. Securities and Exchange Commission (SEC). Honestly, I wouldn’t have believed it if I hadn’t experienced it myself.
You are the CEO of your life through the decisions & choices you make. Take control of your life and make decisions that look after you....and your future self, dont sabotage yourself in the present now, your habits will determine your future.
Capital Gains 18% from 10% ridiculous this Labour Government is definitely 2 Tier.. Rich or Poor no inbetween..
She mean need, want and invest, savings.
2*0=0
Madam I am indian i don't understand fully English language.but I tried to follow your guidance
Try taking 1 hour per week classes from a good English teacher. Read good books and read English grammar books. See free online courses at Coursera etc. Practice reading, writing, listening and speaking English. Spend around 1 hour per day for a year. You will see the progress. Continue to create vision, goals to reach that vision and continue working on those goals.
And you managed to write it in English right ?
Divide a goal into smaller chunks so you can manage to reach it more quickly.
Make a list of where your money goes to, mostly house and groceries.
Do you need or want something, that your money is going to.
STOP borrowing, don't get into debt
Think, want, do frame work: spend on fundamental, fun and future products
Save money, cut costs etc
Download transcript - translate to your language
The video is hard to keep track of what to do when you're talking so fast :/
Negotiating rent? Where in the world would this happen? Definitely not North America. LOL
same in the UK. negotiate lower rent? I am already contented if my rent does not go up every year!
As a landlord I've never been asked to lower rent, but I've been asked not to put it up as a reward for a long term lease. One of my current Tennants hasn't had their rent increased for 3 years now. But they know when they go it will be the market rate for the next person. This makes them think twice about leaving too.
Can confirm it happens in the UK
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One thing I will say that you never really touch on is how you put a price on life experiences. I lived in NYC for 5 years and all you do is work your ass off to pay the city almost everything you earn... doesn't make sense financially, but the experience was priceless. Travelling has similar benefits that is hard to put a price on. You need balance in life.
If I could save that, I would need to have a massive pay rise.
☺️🙏🏻
Thanks for this video i have challenged myself to put away 50% of my monthly income into stock options which is quite easy since I live frugal without debt. I work as an account exec, and make over $20k. $10k goes into stocks, and the other $10k covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager Susan Kay Mack who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
Looks like she really knows her stuff. I also found her online page and read through her resume, it was really impressive.
impressive , love the strategy
Love these scammers!!😂😂