Women talk about financial freedom, but few share practical steps. That’s why I love Girl Boss Hustle: Earn 10k From Home. Straight to the point and life-changing.
Hi Nischa. I've binge-watched all of your RUclips videos over the last week and wanted to tell you how much this information is needed for me. With other vloggers I feel like they're shouting at me, telling me all the mistakes I've made. You're approach is so much more my style, relatable, and not condescending. I've learned so much and feel really inspired. Only issue is that I'm not 20 something but now 40 something! lol. With two young kids, a mortgage etc. I have made investments so definitely not starting from zero, but after watching these and now reading rich-dad poor-dad I realise that I completely fall into the typical middle-class mindset. Working for a salary. I have a great job - a strategic account executive - so not about to give up my day job, but I could have been so much smarter about the money I made. I am optimistic though. I never thought about passive income streams or side-hustles, so my brain is busy thinking of ideas. I'm also optimistic that I'm not too late. I could make 1.5 million by the time of 52 rather than 32! ;)
Hi, just wanted to say you give me so much hope and ambition for my finances! I have just graduated, trying to start a side and am so ready to get on my self-development and sensible financial practice.
The second point about helping works only when everyone in the circle is willing to share and learn from each other’s mistake. People now a days are more secretive than ever. And while I know many ppl will jump to say then one should change company but we all know we are in the verge of real friendship pandemic. It’s hard to find real people and then keep them. Also I feel while some videos talk about sharing others talk about not telling people what you are upto until it’s done so conflicting information imo.
Hi Nischa! Will you consider sharing how you extend your money management approach to other aspects of life? Sorting out my finances is somehow helping me smoothen out my health routine, lifestyle, relationships etc. I never realised that this could all be interrelated and I’d love to hear your perspective on this:)
Thank you very much for sharing this valuable money advice. I love how you combine your finance expertise with a discussion of human psychology and habits. You excel at clarity and brevity in your presentation while being so down-to-earth. Having just binged a dozen of your videos, I think your content is no short of brilliant: I'm taking notes for myself as I watch. I'm in awe and feel truly inspired!
Love your positive attitude and your abundance mindset! You have a beautiful mind Nischa! Keep up your hard work! I'm greatful that you share your abundance and I also share what I learn from you with others.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like 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!!
Wow Nischa, congratulations for your channel, it's exploding! I subscribed to you about a couple months ago and the quality of the content and your consistency are getting better and better
I would advise 20 year olds that are busy studying to save a little bit and pretend like they can’t touch it , I had the mind set of it doesn’t matter that I’m spending all my side hustle cash because once I get a job then I’ll save which I have done now but if I saved a little bit of that cash that I earned along the way I would of been further ahead now
Great presentation. I suggest a segment on personal debt. You've taught people the importance of investing today, and you've talked about avoiding the fashion label spending trap in the past. However, what are the real dangers of debt, and should you invest if you have personal debt? Hope that helps.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Thanks for another great video, Nischa! It's really impressive how much information you manage to compress into such concise points. I can't tell you enough how much your videos have helped me get a grip on my financial situation. Thanks always for sharing your knowledge!
You've shared some invaluable money advice for young adults, Nischa! How would you recommend someone balance saving for the future while also investing in themselves and their skills in their 20s and 30s?
On my age right now, I've learn balancing saving for the future and investing in oneself involves setting clear financial goals, budgeting wisely to allocate funds for both savings and personal development, and seeking opportunities that provide a high return on investment, such as education or skill-building, which can ultimately enhance earning potential and long-term financial stability. 💰📚🚀
I agree! It is crucial to invest on ourselves by acquiring new knowledge, upskilling or getting new training courses that will make a path for higher income. I hope I can watch this practical & purpose-driven content over & over again!
I am so grateful to be alive at a time where such valuable information like this is accessible and available to all! Appreciate your advice! Great video😊
Many young people can't save the cost of living, food, rent, transport ect what they got left to save with? And life's shit enough as it is never know what's round the corner so what little they do have why shouldn't they be able to spend it they worked for it?
@@gregc7699 they can they are just spenders in my experience. They needless spend on stuff because of marketing and the need to feel they belong. Just my experience with sons and their friend and just life experience.
True, I recommend The Millionaire Fastlane from MJ De Marco. It shows you that if you want to be a large consumer, previously You have to become a great producer! It changes your mind, I highly recommend!
thank you so much NIscha for all your hard work ♥ I'm currently in Italy and would like to learn what my choices are; any tips on where I can look up for information online? thanks again!
Great video, Nischa. Wish i knew about ISAs when i turned 18. I found about them when i was 22, so it could have been a lot worse! But everyone who invests will say they wish they started sooner...
Your videos are always so informative and easy to watch and follow along! So glad I found your channel, thank you for such detailed explanations on topics that a lot of people aren't super knowledgable about, and also for how aesthetically pleasing your setup/editing is! :)
Can you expand on how we need to invest and start with £5 etc. so we get familiar and learn please? A step by step guide based on your experience please. Thank you
Hello! @Nischa, I have recently discovered your channel, and I have to say I love your content! I am 31 now and I do not consider I have been great at managing my finances up until now. With your content I feel motivated to do so, so thank you! 😊❤️ Also, I can deffo see the “no bs approach” and “transparency” in your videos😊😊. Keep it up 🥰👏
Bonjour, Merci du fond du coeur pour ces partages, c'est passionnant. Je m'appuie sur les sous-titres pour suivre au maximum. Merci et belle année 2024, Sylvie
I had to laugh when you said: "This is one I adopted quite late..." (passive income part) - as you are still so young! At what age is "early" then? :) You are truly inspiring! Thanks :)
I think it's only because these days you see 15 year olds with youtube channels lol. She is young, but imagine starting a decade earlier. That's a lot of money!
@@pa5666 as a 15 year old what valuable content are you able to put into your youtube channel that brings you money? Many try but only a few succeed. I think Nischa is still an exceptional case of business success at young age.
Can you do a video on the blackrock and your opinion of it? Since you’ve worked in investment banking and they’re the biggest investment management company out there 😁
I disagree with the ‘no-gatekeeping’ point in certain situations. Withholding information is a powerful tool if one finds themselves in a individualistic, competitive environment.
Hello, I find your videos really inspiring. With my husband we are expecting a baby and I was wondering if you would consider making a video on the best ways to secure a financial comfort for the next generation. What are the best ways to save money for a child? In our country (Slovakia) trust funds are not legally defined and therefore unable to set up in our banks, so I am not really even familiar with how exactly they work. What are other best options?
Hi Nischa, I just subscribed and really enjoy your content. Could you do a quick bit on this topic but for international UK residents? I am from the USA and finding it very difficult to learn what I can and cannot do in the UK. Cheers, Anthony
I like your videos because they help me to improve my financial life . Would you please to add subtitles in videos help me to understand better . Thanks
I do not agree with #1. The cost of college in the USA is a 50-50 proposition. You have to project your 'personal margin' 10 years out to see if you have a chance...and who can do that? Only STEM folks. I can build a case that starting at 18 at minimum wage, and avoiding that debt and invest even small amount that in a general market ETF, and your chances are better than 50-50. Time, not intelligence or ability, is a better investment metric.
Hi Nishca, can you please give me a tips about "what should you do if you just got your financial literation around 40's?". Because it happened to me. Right now i'm still fixing my personal finances & i need other point of views. In the other hand, can also share tips how to manage finances for a family with kids, because there are a lot of expenses with kids (school, insurance, etc). Thank you & Best Regards from Indonesia
Thank you for this Nischa! I am, however still a bit confused in starting my index fund (FTSE) as I am UK based, whats the best platform that you can advise or atleast a material I can dive into to learn the best platform.
Can't go wrong with Hargreaves Lansdown or Vanguard. Both have index funds with low fees. You'd be better of with the S&P 500 though if you are starting out with just one fund. And yes they can be invested in from pretty much any Stocks and Shares ISA.
@@nathanielmills4678 thanks a lot for this, I already started having a look at both and weighing my pros and cons. I am UK based, is it better to look at FTSE 100 instead of the S&P?
Love your advise, taking it onboard on my channel! ✨ A lot of people feel behind and want to keep knowledge to themselves because they think that gives them an advantage somehow😅
@6:00 please do more research about Tesla reducing their prices because it has nothing to do with competitors who already could not compete on price. Its been much more to do with interest rates going thus so had the car of auto loans. Tesla is just making cars as affordable as possible to as many people as possible - it's their mission. That's why a $25k car is coming in a few years instead of only selling $50k+ cars. No other car coming outside of China is anywhere near catching up to Tesla on any metric for high volumes of vehicles.
Hi Nishca enjoy watching your videos but all the information seems too generalised. Good tips on what to do but no information on how to do it. How do I open an isa? How do I start an index fund? Can you do a video on this please?
Hey Nischa, I am 46 and was just about to skip this video when you got me with your first tip of not saving too much. You could't be more right about it, even though this may sound counter intuitive. 12 years ago I started a business, out of my passion, and nowadays it generetes a pretty high income (6 figures, getting to seven figure very soon). In my twenties and mid thirties, I saved nothing. I never really cared... All my income at that time (no kids then) I used travelling and studying... All those experiences combined made me what I am today and helped me find a very lucrative niche in which I thrive today. PS: That period of learning and studying included twelve years of teaching in high school which helped me develop many of the skills I use today in my business like dealing with people.
I don't get the benefits of investing in index funds. Could somebody please clarify the purpose? Do you: 1) Earn dividends to live off of for the rest of your life, or 2) Let it sit and grow over time, not get any income from it until you withdraw it when you retire?
That depends on you and the type of ETF you buy. Some ETFs pay "dividends" and others accumulate their value which you can then sell in parts later when you need the money 💁♂️
It's number 2. It's the most consistent form of growing your money long term. The SNP500 has offered a 10.16% average return annually since inception in 1926. Studies on stock traders has shown that 99% of people cannot beat this return over the long run. If you keep investing and allowing it to compound, the hope is you will be able to retire one day with that bank of money. The good thing is retiring at any age. People have saved 1-2mil by the time they're 40-50, because they invested every month. Now, they can just live off their 10% return forever. If you have $1,000,000, you're getting $100,000 in income just from returns annually. The real rule for this is the 4% rule, which means u can use 4% of your amount of money forever, and never run out of money. This was derived from a lot of data and math.
Investing in index funds is the best for long term retirement accounts. Unless you are a daily stock trader, individual stock purchases are short term investments according to my advisor.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Women talk about financial freedom, but few share practical steps. That’s why I love Girl Boss Hustle: Earn 10k From Home. Straight to the point and life-changing.
Hi Nischa. I've binge-watched all of your RUclips videos over the last week and wanted to tell you how much this information is needed for me. With other vloggers I feel like they're shouting at me, telling me all the mistakes I've made. You're approach is so much more my style, relatable, and not condescending. I've learned so much and feel really inspired. Only issue is that I'm not 20 something but now 40 something! lol. With two young kids, a mortgage etc. I have made investments so definitely not starting from zero, but after watching these and now reading rich-dad poor-dad I realise that I completely fall into the typical middle-class mindset. Working for a salary. I have a great job - a strategic account executive - so not about to give up my day job, but I could have been so much smarter about the money I made. I am optimistic though. I never thought about passive income streams or side-hustles, so my brain is busy thinking of ideas. I'm also optimistic that I'm not too late. I could make 1.5 million by the time of 52 rather than 32! ;)
Thanks Nischa for being transparent❤
I struggle with sharing knowledge because when people don't share back you feel like an idiot. It's a tough balance at times.
Could you give money advise to people with families. Budgeting and all that. Especially adults with children
Yeap...i would love it too
Get rid of em 😅😅😂😂
@@BaptistaMartins1985Same here!
Check Dave Ramsey out for that. Very easy to understand steps
Ya, Dave Ramsey and his people can help with that with vids they put on here.
Hi, just wanted to say you give me so much hope and ambition for my finances! I have just graduated, trying to start a side and am so ready to get on my self-development and sensible financial practice.
The second point about helping works only when everyone in the circle is willing to share and learn from each other’s mistake. People now a days are more secretive than ever.
And while I know many ppl will jump to say then one should change company but we all know we are in the verge of real friendship pandemic. It’s hard to find real people and then keep them.
Also I feel while some videos talk about sharing others talk about not telling people what you are upto until it’s done so conflicting information imo.
Sharing knowledge for free is fine up to a point. When others don't help and support you, its a lesson learned. You get wiser as you get older 😊
Hi Nischa! Will you consider sharing how you extend your money management approach to other aspects of life? Sorting out my finances is somehow helping me smoothen out my health routine, lifestyle, relationships etc. I never realised that this could all be interrelated and I’d love to hear your perspective on this:)
I guess you are solid proof that sharing information is key!
:))
@@nischawhat do you mean by young adults. ? What ages
@@Daniel44x0:13 - 0:15
@@Daniel44x 20s 30s
Thank you very much for sharing this valuable money advice. I love how you combine your finance expertise with a discussion of human psychology and habits. You excel at clarity and brevity in your presentation while being so down-to-earth. Having just binged a dozen of your videos, I think your content is no short of brilliant: I'm taking notes for myself as I watch. I'm in awe and feel truly inspired!
I have been binge watching her videos and taking notes too, she is amazing 😍
Love your positive attitude and your abundance mindset! You have a beautiful mind Nischa! Keep up your hard work! I'm greatful that you share your abundance and I also share what I learn from you with others.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like 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!!
Wow Nischa, congratulations for your channel, it's exploding! I subscribed to you about a couple months ago and the quality of the content and your consistency are getting better and better
Your channel is pure GOLD 💗✨ thanks
You are such an inspiration.I like your English and practical advice
I would advise 20 year olds that are busy studying to save a little bit and pretend like they can’t touch it , I had the mind set of it doesn’t matter that I’m spending all my side hustle cash because once I get a job then I’ll save which I have done now but if I saved a little bit of that cash that I earned along the way I would of been further ahead now
Learning alot from this channel
i second that. may God bless Nischa, she's doing good work
One of my favourite channels on RUclips... coming from a finance background myself you can never learn enough
Great presentation. I suggest a segment on personal debt. You've taught people the importance of investing today, and you've talked about avoiding the fashion label spending trap in the past. However, what are the real dangers of debt, and should you invest if you have personal debt? Hope that helps.
This was a really helpful video, thank you Nischa
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Excellent advice. Excellent voice control a pleasure to listen too.
Video quality was very high in this one Nischa. Brilliant work!
A lot of great advice on this video 👏
Very powerful. Thank you
Thank you for your tips and I am on this path myself and a accounting student at 52!
Great videos as always ❤❤❤
My fav finance channel right now
Dearest Nischa, thank you so much. This video really helped me 🙂
Thank you Nischa
I'm in the 22% of subscribers, keep up with the great content and knowledge you share!
Thank you for sharing dear ❤
In Nischa we trust 🙏🏾 great video!
thanks! reinvesting money back to self-development
Love your content
Hello Nischa
Best video for day to day life
Thanks a million
God bless you 🙌
Thank you Nischa this was helpful and eye opening .
Love it!
love your videos!
Keep them coming
😊
Really good insightful video
JUST WONDERFUL 🎯 Nischa
Thanks for another great video, Nischa! It's really impressive how much information you manage to compress into such concise points. I can't tell you enough how much your videos have helped me get a grip on my financial situation. Thanks always for sharing your knowledge!
Same!
I know what you did there Nischa. All these black tops, no music background, no ad. Clever woman.
Awesome video! Sending it to my sisters who are 20. I wish I knew this stuff too!
Thank you so much
You're changing lives with your content. 🔥
Very good video and tips for everyone.
amazing video
You've shared some invaluable money advice for young adults, Nischa! How would you recommend someone balance saving for the future while also investing in themselves and their skills in their 20s and 30s?
Worth a watch!
On my age right now, I've learn balancing saving for the future and investing in oneself involves setting clear financial goals, budgeting wisely to allocate funds for both savings and personal development, and seeking opportunities that provide a high return on investment, such as education or skill-building, which can ultimately enhance earning potential and long-term financial stability. 💰📚🚀
I agree! It is crucial to invest on ourselves by acquiring new knowledge, upskilling or getting new training courses that will make a path for higher income. I hope I can watch this practical & purpose-driven content over & over again!
Very wise advice! Great information.
I am so grateful to be alive at a time where such valuable information like this is accessible and available to all! Appreciate your advice! Great video😊
Save and get in the habit of doing it. Many young people do not save at all, they are consumers.
Many young people can't save the cost of living, food, rent, transport ect what they got left to save with? And life's shit enough as it is never know what's round the corner so what little they do have why shouldn't they be able to spend it they worked for it?
@@gregc7699 they can they are just spenders in my experience. They needless spend on stuff because of marketing and the need to feel they belong. Just my experience with sons and their friend and just life experience.
True, I recommend The Millionaire Fastlane from MJ De Marco. It shows you that if you want to be a large consumer, previously You have to become a great producer! It changes your mind, I highly recommend!
Thank you
thank you so much NIscha for all your hard work ♥
I'm currently in Italy and would like to learn what my choices are; any tips on where I can look up for information online?
thanks again!
Great video, Nischa. Wish i knew about ISAs when i turned 18. I found about them when i was 22, so it could have been a lot worse! But everyone who invests will say they wish they started sooner...
Your videos are always so informative and easy to watch and follow along! So glad I found your channel, thank you for such detailed explanations on topics that a lot of people aren't super knowledgable about, and also for how aesthetically pleasing your setup/editing is! :)
I would love for you to do a video on insurance as an investment such universal coverage policy etc
Can you expand on how we need to invest and start with £5 etc. so we get familiar and learn please?
A step by step guide based on your experience please.
Thank you
Thank you
Good reading for me😮
Hello! @Nischa, I have recently discovered your channel, and I have to say I love your content! I am 31 now and I do not consider I have been great at managing my finances up until now. With your content I feel motivated to do so, so thank you! 😊❤️ Also, I can deffo see the “no bs approach” and “transparency” in your videos😊😊. Keep it up 🥰👏
Bonjour, Merci du fond du coeur pour ces partages, c'est passionnant. Je m'appuie sur les sous-titres pour suivre au maximum. Merci et belle année 2024, Sylvie
Good Information Nischa.
Nischa is building me am nolonger where I was back am building myself in my sweet 20's thanks
I had to laugh when you said: "This is one I adopted quite late..." (passive income part) - as you are still so young! At what age is "early" then? :) You are truly inspiring! Thanks :)
I think it's only because these days you see 15 year olds with youtube channels lol. She is young, but imagine starting a decade earlier. That's a lot of money!
@@pa5666 as a 15 year old what valuable content are you able to put into your youtube channel that brings you money? Many try but only a few succeed. I think Nischa is still an exceptional case of business success at young age.
Early is at born! Your parents can invest for you since born and You save 18 years of compound interest haha.
I really admire the production value you have. Is it hard to do the alpha for the title behind you effect?
Please start a podcast !! ❤
Hood to listen to you
Can you do a video on the blackrock and your opinion of it? Since you’ve worked in investment banking and they’re the biggest investment management company out there 😁
Great information, thank you
I disagree with the ‘no-gatekeeping’ point in certain situations. Withholding information is a powerful tool if one finds themselves in a individualistic, competitive environment.
Hello, I find your videos really inspiring. With my husband we are expecting a baby and I was wondering if you would consider making a video on the best ways to secure a financial comfort for the next generation. What are the best ways to save money for a child? In our country (Slovakia) trust funds are not legally defined and therefore unable to set up in our banks, so I am not really even familiar with how exactly they work. What are other best options?
Video for thirties please!
Hi Nischa,
I just subscribed and really enjoy your content. Could you do a quick bit on this topic but for international UK residents? I am from the USA and finding it very difficult to learn what I can and cannot do in the UK.
Cheers,
Anthony
I like your videos because they help me to improve my financial life . Would you please to add subtitles in videos help me to understand better . Thanks
I do not agree with #1. The cost of college in the USA is a 50-50 proposition. You have to project your 'personal margin' 10 years out to see if you have a chance...and who can do that? Only STEM folks. I can build a case that starting at 18 at minimum wage, and avoiding that debt and invest even small amount that in a general market ETF, and your chances are better than 50-50. Time, not intelligence or ability, is a better investment metric.
Hi Nishca, can you please give me a tips about "what should you do if you just got your financial literation around 40's?". Because it happened to me. Right now i'm still fixing my personal finances & i need other point of views. In the other hand, can also share tips how to manage finances for a family with kids, because there are a lot of expenses with kids (school, insurance, etc). Thank you & Best Regards from Indonesia
loved it. thanks for putting it here.
Which book did Steve publish? Can't find it anywhere
you are georgeous
Thank you for this Nischa! I am, however still a bit confused in starting my index fund (FTSE) as I am UK based, whats the best platform that you can advise or atleast a material I can dive into to learn the best platform.
Can't go wrong with Hargreaves Lansdown or Vanguard. Both have index funds with low fees. You'd be better of with the S&P 500 though if you are starting out with just one fund. And yes they can be invested in from pretty much any Stocks and Shares ISA.
@@nathanielmills4678 thanks a lot for this, I already started having a look at both and weighing my pros and cons. I am UK based, is it better to look at FTSE 100 instead of the S&P?
Love your advise, taking it onboard on my channel! ✨
A lot of people feel behind and want to keep knowledge to themselves because they think that gives them an advantage somehow😅
Hi Naval...
Also don’t forget to spend money with your wants, burn out is real, just make sure to set aside a budget.
Subscribed!!!
“Trail” and error? Did you mean trial Nischa- thanks for the video! xx
Could you make a video for people in their forties it's always for twenties or people in their thirties
@6:00 please do more research about Tesla reducing their prices because it has nothing to do with competitors who already could not compete on price. Its been much more to do with interest rates going thus so had the car of auto loans. Tesla is just making cars as affordable as possible to as many people as possible - it's their mission. That's why a $25k car is coming in a few years instead of only selling $50k+ cars.
No other car coming outside of China is anywhere near catching up to Tesla on any metric for high volumes of vehicles.
Hi Nishca enjoy watching your videos but all the information seems too generalised. Good tips on what to do but no information on how to do it. How do I open an isa? How do I start an index fund? Can you do a video on this please?
How do you invest in stock market?
Could you give advice for people who have no money, come from families with no money, have low paying jobs, are on benefits?
Hey Nischa, I am 46 and was just about to skip this video when you got me with your first tip of not saving too much.
You could't be more right about it, even though this may sound counter intuitive.
12 years ago I started a business, out of my passion, and nowadays it generetes a pretty high income (6 figures, getting to seven figure very soon).
In my twenties and mid thirties, I saved nothing. I never really cared... All my income at that time (no kids then) I used travelling and studying...
All those experiences combined made me what I am today and helped me find a very lucrative niche in which I thrive today.
PS: That period of learning and studying included twelve years of teaching in high school which helped me develop many of the skills I use today in my business like dealing with people.
I'd love a simple how-to video from you on investing. How to start the process. Where to make the most out of it and more!
I don't get the benefits of investing in index funds. Could somebody please clarify the purpose? Do you:
1) Earn dividends to live off of for the rest of your life, or
2) Let it sit and grow over time, not get any income from it until you withdraw it when you retire?
That depends on you and the type of ETF you buy. Some ETFs pay "dividends" and others accumulate their value which you can then sell in parts later when you need the money 💁♂️
Most managed funds and individual investors do worse than the S&P 500, so just invest in S&P 500 or total stock index and put your energy elsewhere.
It's number 2. It's the most consistent form of growing your money long term. The SNP500 has offered a 10.16% average return annually since inception in 1926. Studies on stock traders has shown that 99% of people cannot beat this return over the long run. If you keep investing and allowing it to compound, the hope is you will be able to retire one day with that bank of money.
The good thing is retiring at any age. People have saved 1-2mil by the time they're 40-50, because they invested every month. Now, they can just live off their 10% return forever. If you have $1,000,000, you're getting $100,000 in income just from returns annually. The real rule for this is the 4% rule, which means u can use 4% of your amount of money forever, and never run out of money. This was derived from a lot of data and math.
@@JuliusKhoo Thank you! This is super helpful!
Competition starts at the bottom, collaboration starts at the top.
Investing in index funds is the best for long term retirement accounts. Unless you are a daily stock trader, individual stock purchases are short term investments according to my advisor.
Are etfs a form of index funds? Some times say they are but some sites say etfs are no index funds?
I'm so happy I found your videos! You have changed my view on money and I feel more optimistic about my future because of it. Thank you
Nischa where do you sit on index fund v ETF question?