9 Things I Stopped Buying to Make More Money
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- Опубликовано: 14 май 2024
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9 Things I stopped buying to live below my means and invest more!
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00:00 - Intro
00:24 - Books
00:56 - Car
01:23 - Souvenirs
02:00 - The Updates
02:53 - Sales
03:32 - Things I don't understand
03:59 - Fast-fashion
04:41 - High-Maintenance items
05:33 - Pre-nup
06:15 - My thoughts on spending
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This content is for education and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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Tu bharitha bhi lagat haoo aur angrejin bhi..kauno baat nhi...may lord vishwanath bless
you
Hi! You remind me of this actress Athena Karkanis in appearance. Which is a compliment
As a British-Indian I was given this advice by my parents, which I followed. Unfortunately I became disabled later in life. I wish I had done more leisure activities when younger, especially travelling. The advice is sound but take time for yourself because you never know what can happen.
Thank you for sharing this view, it’s super important 🧡
i'm so sorry for your situation. thank you for those thoughts, i needed to hear that right now.
Sorry for your condition.
I agree with you.
I agree. My dad passed before he reached retirement age, and was saving all the fun for retirement. The man literally worked his whole life and that's it. I decided I didn't want to do that, so I dedicate a little bit extra to living life. Because as you say, you never know what will happen.
Sorry you're living with a disability. I hope you still get to enjoy some of the finer things in life.
@@katec14 Mine too. It's a very cruel but important life lesson
"There's a difference between buying something on sale and buying something because it's on sale." Whoa! 👏🏻🙌🏻
Aaand we need her to understand that? ok
@@nicoladorazio1345 Bro, I agree with you that it's a basic thing we should be aware of, but it's just that we sometimes forget simple things like this and as such, we need frequent reminders.
Anushka...I am probably not of your gen, so I can tell you...these ad agencies make tens of millions to convince you NEED to buy something. Make a list of products you need and stick to it. If you are also a frequenter of a coffee shop just for the morning brew, consider a Keurig and the Kcups. A Kcup costs you about 80cents while a basic cup is $6. Have a dine in at one of your friends' home and rotate - you can try new dishes and have fun without busting your budget (it can be fun).
@@marinazagrai1623 how about just stop drinking coffee completely? no one needs it. plus it causes damage to your adrenals ...caffeine does not give you energy...caffeine stimulates your adrenals to dump more adrenaline into your blood stream thus giving that "energy" boost. over time the caffeine literally wears out and damages your adrenal glands. coffee is not good for you no matter what people say. caffeine is just a legalized drug that has damaging affects. better to quit while you can.
@@nicoladorazio1345 some people just need to hear things out loud
1.) Books
2.) Brand new car
3.) Souvenirs from travelling
4.) The updated version
5.) Items on sale
6.) Investing in things I don't understand
7.) Fast Fashion
8.) Anything high maintenance
9.) Pre nup
Thanks! I guess she tried to say to SAFE more not MAKE more ( unless she is implying investing).
This why I don't be getting my nails done. As much as I would love to have nice nails I ain't paying 20 plus a month . Definitely too high maintenance for me
@@lindseyabbie7 agreed👍🏽
Thank you soo much !
I never will understand who buy a smartphone and then upgrade within after 1 ir 2 years.
Most smartphones have software support for at least 4 years.
Plus the technology isn't that wide in 1-3 years versus 4-6 years.
Lost of waste and time buying one in a few years.
Don't buy warranty or protection plans for many items. Just take care of items you buy so you don't need it.
This is a little off topic but don't keep your debit/credit card on sites where it's not part of your bills. Data breaches and hacking are with us now and the future. You don't wanna waste time calling your bank to refund your money when they probably won't.
The older I get the more I appreciate the saying: "The things you own will end up owning you". Right now I'm clearing, clearing, clearing. Mess is stress. I miss the agility of student days when my life fitted in my car. So, as much as a family man can, I'm removing the unnecessary. Enjoying your videos. Wish I'd been more financially savvy as a young man but I seem to have managed to catch up through property.
so youre the perfect victim of the EU and its plans for the future: you will own nothing and you will be happy....the new communism, because of the climate of course 🤣
I love that your advice is straight to the point - I hate videos that take 5 mins just for an intro and general waffling
For the souvenirs, I hate knick-knacks on shelves that just gather up dust, but I also like the idea of a visual token of the places I have been, so my compromise is that I only buy a nice fridge magnet in each new place that I traveled to & liked. I have all my magnets on my red bar fridge, which looks really cool & shows off my travels a bit 😀
Love it! I do the same with mugs! Love drinking a coffee and being reminded of my adventures 💜
totally - me too. I love to look at the fridge magnets and remember the amazing travelling experiences.
Magnets make me smile as I have brief memories of past travels.
I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me.
"Congratulations beautiful lady. You’re really doing well for yourself, I’m 45 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex..
Sorry for late reply sweetie, I used the FIRE movement to put my finances in order. Then lnvsted in st ocks and reaI estates though the assistance of an lnvstment Pro who helped me make it this big....
I will forever be indebted to you??''Corinne Cecilia Heaney ? you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much....
Wow! You’re really doing great for yourself. lnvesting in stocks also contributed in changing my story. I wish you all the best and I’m glad you’re having a great journey so far. God bless ..
Lol y you need 2 houses
Im SO GLAD of your channel. It's the first time I've consumed finance content that resonates with me as a woman. There are far too many 'finance bros' who bank on guilt as motivation. You approach things in such a beautiful, simplified and realistic way and I LOVE IT
I do think self care is important. I lived years of never having indulgences for the sake of saving. I was miserable. So small plunge’s mainly on self care I feel is healthy for my mental and emotional well being.
Same, i cut my own hair since the pandemic and continued to save but recently had a wedding to attend and wanted nicer hair; it felt so much nicer and boosted my confidence so much. Really helped me feel better with myself cause i also gained weight during the pandemic. Felt like i was slowly myself again.
Absolutely, same here. I spent about 10 years not spending money of self care services and definitely lost a piece of myself. I felt so much better inside & out when I started getting hairdos, pedicures & massages again.
I agree completely. Sometimes you must do the mani/pedi/hair - grooming is part of self care. Plus, it gives me some quiet time. Of course, get the best prices etc but taking care of our "temple" is very important. One of the reasons why I save money/budget on other things is so that I am able to have the money for grooming and self care . ☀🙏
Agree. Self care is something that I also love to do because it boosts your confidence a LOT
Agree. But know one girl who spends lots of money on self-care every month and she doesn't have any money for a mortgage. She's overweight, she does everything but running to look after herself.
the “on sale” thing is a trap i see so many folks fall into and it always makes me shake my head. if i want something, i wait a few weeks to see if it’s still something i want and that i’m needing in my everyday life.
I use to buy necessities such as toothpaste or shampoo when its on sale. I mean hey, I will need them eventually right? Well, keep up that mindset and you'll have 20 tubs of toothpaste or shampoo and at the end i'd throw it away because it became too old by the time I got to it. SMH. Lesson learned haha. I now horde only 10 tubs :P
It may be 20/30/40% off but that means it's still 80/70/60% on. Heard that in a trashy sitcom years ago and it really made me think about 'a bargain'
It’s also called the FOMO trap lol.
The only sale I buy on is black Friday. That is the one time of year where ill spend 1 thousand on a bunch of new clothes that then will last me years.
Same....the old "save $30-40 off this $300 item" I can save the whole $300 by not buying it at all. Unless its something you really need/want...don't buy into the whole "how much you can save" scheme. It's a trap that makes someone else rich.
Such a fan
Love to hear about things that are obvious but in reality, they aren’t until you’re confronted visually with it. Thank you for making these videos. I really look forward to each one of them learning a lot as we go.
I’ve found this channel recently and it’s really amazing stuff you’re doing! Not many UK based finance channels and this is brilliant! Keep it going!
Overall great list. One slight change to consider- on bigger trips buy a refrigerator magnet. They are inexpensive, don’t take up much room and are out in the open where you can see them and they will often spark fond memories- anything bigger creates clutter.
Exactly what my wife and I do!!! It’s such a great tip 🎉
My fridge has wooden doors though lol
Yass post card and stickers for my hydro
Fridge magnets. Once I thought, wow, so many ppl must have same magnets from same places on their fridges. That’s so silly. And btw, magnets look chaotic and ugly, they are sometimes quite heavy. I think photos are still a better alternative.
@@olenabi so I respect your opinion but in our case the are on the edge of the fridge (basically down the side) and they look good - not chaotic- but i get it if they are plastered all over
I love how the video doesn't just speak about the problems, but provides alternatives. Great stuff 👏🏽
The sale part is so true....I have used that so many times to justify purchases of things I didn't need! It's something I'm more aware of now and remind myself of frequently, and not buying things on sale actually makes me more free to purchase things I really need that might not be on sale at the time.
Nice cat logo. I'm responding so you can see mine.
🥰I just found your channel and absolutely love it! Thank you for all the work you put in these videos!
As a Sri Lankan, I am happy that in the last 20 years I haven't spent on anything you've mentioned in this video. It's naturally in our dna to live a minimalistic life. You don't need money to be happy.
ur right of the Ski Lankans--- these women make good wives/mothers👍👍👍
Right, money doesn't buy happiness, but it does make life easier!
You must be thankful for yourselves for such decisions given the situation Sri Lanka is in right now.
wait, if you had no money to spend it's not so much of achievement
You had to buy a phone or computer to go online ? Or do you go someplace to use technology? 20 years ago we were on windows xp and dialup modems. You need money for heat , food , comfort and medical bills . I just received a $325 dollar bill for a doctors visit that was a follow up to a procedure I had in the spring of 2022. No tests, just me and the doctor talking for 20 minutes, no prescriptions, no suggestion that would solve my health issue. Good by $325 dollars. I am holding off going to a dentist because of money. When my car was breaking down all the time and I needed it for work , money sure would have helped . A woman asked me why I was putting money into the lottery machine and I told her that it was the only thing I had left to look forward to. It's a long shot but someone wins , it's my only hope to salvage the last few years above ground.
For christmas I have a great tip.
I made it a tradition in our family, that not only kids write letters to “Santa” but also the adults. We write our things which we would like to buy ourselves, but just usually tend to put the thought back. You know- those things that are not expensive, you can live without them, so you never get them yourself, but it would be nice to have it. (For example- i wanted nice slippers, tho I never used them before.Wrote to Santa, my family decided who’s gonna buy them, so I knew I was finally having them, but it was still nice seeing their take on it) And I apreciate the gift very much. It saves time, money and energy while christmas shopping as you already know what they want.plus- the kids don’t get confused why we are receiving gifts if we never wrote to him. And we are also never left out as we really like giving gifts and are against just buying stuff for the sake of it.🤗
A good advice, there is a very thin line in spending for need and overspending. This is the thing we need to practice and make it a habit by slowly teaching ourselves. Love the content and I only shop during Christmas sale lol😂 for entire year.
I agree with you about souvenirs, I limit myself to fridge magnets which I know sounds tacky but think of it, it takes up minimal space and brings back memories of the place you bought it as well as the memories of your holidays, and they don'tcost a great deal ofmoney. Well worth buying
I did a video like this a while back and when I said I no longer buy books, people chewed me out. 🤦🏾♀️ I’m so glad someone like you said this. I knew I wasn’t alone.
My ‘hack’ is people reading books for me:
Coaches, enterpreneurs, content creators, etc. gather their messages from books they’ve read. So you don’t have to.
Listen to what sticked for them. Take away the parts that stick for you.
And you’ve “read a book” efficiently and at no/low cost.
So grateful I found your channel . It's everything and more ❣️
OBSESSED with your channel...I just started on Wall Street it is sooooooo refreshing to see other women in the field giving practical advice
Totally with you 👍🏻 A few others that have worked for me: Gym membership: instead try to go jogging and/or utilise outdoor gym equipment at local park for free. Coffees & snacks: try to cut down/out/ make in office rather than spending money in Starbucks! All the best.
I love my gym membership. One thing worth paying for. De stresses me makes me feel good/ look good I've made a bunch of friends in there that are like family. I lift heavy so a park wouldn't work for me . Totally Worth 20 a month . Although I understand it don't work for everyone
exercise [ not necessary ] EAT BETTER more vegan take organic supplements/powders--- get ur to pH 7.365👍
Also, add you get more vitamin D to which millions of people are deficient. That's another reason to jog outside more.
Same gym classes change up routine
We're aiming to be financially responsible, not cheap. £20, £30 a month for the gym if you regularly attend is a more than justified investment.
Love your minimalist sophisticated and confident look.
Beautiful
When it comes to souvenirs I think photos are the best souvenirs you can have. I always look back fondly on photos of trips I’ve taken over the years. That being said if I do wanna pick something up on the trip I usually do a magnet or a sticker, they don’t take up much space.
Same here...magnets cost less and less space too..love gifting as well..photos are the best...
Just found your channel recently and I'm really enjoying it! The videos are simple and easy to understand. Subbed!
Brilliant blog! I think a lot of this is obvious if you’ve lived through it but a lot of people haven’t so well done on promoting these tips!
High maintenance items!!!! Yes!!!! The first time I got my lashes done (which takes two hours, sometimes more if your lash stylist is inexperienced, and costs as much as getting your hair dyed), I was happy enough with how I looked for the month afterwards to justify the purchase. But after getting a fill or two, that hour out of my life and the hole it left in my bank account just felt wrong. It made me realize my appearance just isn't as important to me as all the other things I can do with my time and my money when I'm not getting lashes, nails, hair, etc. But it's also important to take care of yourself, so I think it is about striking the proper balance.
I never regret buying a book. I read it and later sold it for more cash if i wanted to. Good books are always a good investment.
You are investing in your understanding if it’s factual then you’re investing in facts if it’s a novel you’re investing understanding the human Heart.
Totally agree with everything you say, excellent content. I personally always by an average car which should hold it value but purchase it in full and ditched the fast fashion 5 years ago and it saves me loads just buying quality over quantity
Great advice. Learning the difference between a want and a need is a valuable skill.
Our wants atr many, our needs are few
I developed a Christmas tradition for our family! We draw names on Thanksgiving so that we are purchasing for one adult in the family and vote on the budget..our first year was $25. This allowed us to purchase more for the children and to stay within our personal budgets! 🤑
I spent about £3000 on presents for people this year. But I make lots of money so nevermind.
We've been doing the same for years! It puts the value and meaning back where it should be!
I started doing a thing with my mom where we get each other household items that we frequently use. I got her cat litter she got me laundry detergent.
There are Sons and Daughters of the Gael, who speak Gaelic. We also have verbal gifts, as different
as the people involved. You can say that's almost like New Years' Eve, when people use our language,
Auld Lang Syne, and make resolutions to improve their lives. The most difficult time I ever had was my
younger brother wanting me to promise I wouldn't take his violin and play it without asking him first.
My parents wanted me to say that, so I did. I gave it to him. I thought I was behaving properly.
We do the same thing in our family! I love it!
Totally agree on buying experience’s rather than things. Memories last a lifetime and you also meet so many like minded people going through the same experience. I do though still buy books and CD’s as I prefer physical format as opposed to digital. Physical items can also go up in value over time too!
physical is always better, when you buy digital you dont even own it, only the rights to use it, it could be taken away from you at any time, but if you own the book, cd video games, etc it cant be taken as easily from you.
Loved this video. I never was able to go on vacations due to my health, but I invested in a library of books that have given me years of pleasure!
I like that you come straight to the point without waffling about nothing. And it's a good advice. I've been following that advice since i was born. To me, it's common sense. That's what us oldies always have known from our parents. Life was tougher for the older generation. Hence, they were more careful with money. I have often been called "tight," but i say i am not tight, but I just know the value of money.
Thank you for your financial information tips and advice 😊 wishing you a positive, happy, healthy day and week filled with joy happiness kindness love and with positive Energy and gratitude for everything we have right now in the present moment 🙏 ✨️ ❤️
@contact6439 Thank you. I hope you are having a positive, happy, joyful weekend 😊
The core of the message is universal and practical but, as we are all different, I guess these 9 things would also not be 100% the same for all.
Giving presents can be valued in many ways. You don't have to buy a usless object, you can offer a theatre play, a spa fith a friend, a travel for your parents. And this also costs. It's about love and being thoughtful and yes, ready to put some cash into it. Sometimes I find hair tretment a nice little therapy of peace and pampering instead of rushing on my own. I also love books, even once read, they make the space noble and could also borrow them to your guests. However, I agree on many other things. Thanks.
Thank you for making this short, to the point, and concise.
Great points! Totally proven point about nails. I've most recently updated that to a do it myself nail system at home, whereas the time spent is capped, the products are good healthier and I get to keep my goal of feeling polished. The books I'm still figuring out what works for me.
Please share a healthy nail product! I've been trying to find one.
My family struggles with the obligatory gift giving around the holidays. In Asian households it is often seen as a sign that you’ve made it when you can give to others generously or as a ‘don’t forget me’ item. End result - many spend significant $ on people they really don’t know.
My advice, a ten minute conversation will go further than a $100 card.
Lots of great points! I’m not sure I agree with the mentality that we need to be thinking about the productivity opportunity cost for when we do things like get our nails or hair done, but otherwise loved the content. 😊
Hey, the best thing I did was to study economics as it enabled me to do the things efficiently and still have a good life. Glad your sharing your tips as living within your means is the best advice. Avoid credit where you can.
Really enjoyed your video. All the points you raised are very valid and similar to my own thinking. People wise up to the points you raised much later in life. Liked and Subscribed.👍❤
I stopped buying at Zara etc but I’m still getting their perfumes. They often are better dupes than the original for a fraction of the price😊
don't last as long though :D
I have always encouraged friends and family to not feel guilty about spending money on books. When you buy a book and mark it up by highlighting important or meaningful passages and write in the margins, it's money and time well spent. You can then refer to it later so buy a sturdy book shelf or two and buy the books you read. Considering it takes most people at least a month to read a good book, it's $20-$25 well spent. Just buy several fewer cups of coffee during the month and it's a wash. :)
I also love writing or putting notes in a book, it makes me remember what I'm reading. Also preparing a lunchbox for work has helped me to stop spending money on food.
Depending on the books you read, libraries exist for a reason. Go and book one out and read it for free.
@@Hunty49 I always have a good time in the library, and it's not about reading books.
Considering I can spend the same amount on a takeaway, I will never regard books as a waste of money
@Kurt M. Federal taxes, state taxes or by council rates? I thought it might be local councils.
Great video, thank you! I have subscribed to your channel. The simplicity of your content is amazing.
Nischa, muchas gracias for your wise advice, love the clear way you explain these financial themes, and seeing your example is really inspiring. KEEP MAKING GREAT SCHOOL OF MONEY WAVES!! 🤩👍🏼
Amazing video as usual Nischa! Can you also make a video of mistakes you made when you first started earning a proper salary and things you would go back and do if you could?
This is such a good suggestion. I’ve added it to my list as I have made plenty!
100% agreed, particularly clothes and nails. I am a medic, and when I moved from hospital job to a GP practice I knew I could finally have nail polish/gel nails. But the appointment took 1 hr if not longer, so after a few wasted afternoons the novelty worn off 😂
how is taking time for yourself seen as "wasted time". That's so crazy to me.
I do all 9! sound advice that I've learnt over the years especially the car ! It needs to be reliable and get you from A to B
I am an old timer and have just found your channel. Its not often someone as young as you talks so much sense. It just goes to show you can put an old head on young shoulders. Good luck to you. John.
What old head, we have knowledge at our fingertips for free. Young gen millennials zoomers grew up with easier access to knowledge old folks never got limited to their hometown. No offense but anyone can have wisdom at any age regardless of what gen now
Thanks for this video. Doing your nails is not a waste of time. It’s self care. I usually listen to an audio book while doing my nails so it’s win win :)
What it works for you it may not work for another person. Doing your nails it’s important to you. Whatever the reason, doing your nails makes you happy and it’s a rewarding thing for you. For me, it’s not. I work with my hands 3 times a week, plus I clean, do laundry, dishes, etc etc everyday. I cannot afford to do my nails 3 times a week! ( which is the amount of times I would need to get my nails done in order to keep them nice) it is not realistic and definitely not cost effective. I’d rather invest in a very good quality body lotion or hand cream. It’s gonna help me more and make me feel better thsn getting my nails done. You do you.
@@bebitamira3054 Totally agreeing. I wouldn’t go do my nails 3 times a week eaither. Gosh! that would be torture!I also do laundry, dishes and housework. Instead of normal nail polish I use gel nail Polish - lasts about 3 weeks. Doesn’t chip and it’s a money and time saver as I only go once a month. Then my hands look neat, nails are stronger and I feel great 😊. When I feel great I feel empowered to conquer the world. But again as u say what’s important to me is different from yours. Though I also get myself some lovely lotions and creams. That’s also some sort of self care to me 😉. When you get to a certain age some little pleasures are not luxury rather a necessity. I am at that age and I love it.
Learning to cook a range of delicious healthy meals is a great way to cut food spending. If you learn to better satisfy yourself in this regard, you can save yourself trips to restaurants or ordering takeaway more than that is necessary. Those can be nice on occasions, but otherwise knowing how to cook your own meals is so versatile, fun and rewarding!
I totally relate to all. These are points I evaluate all the time. I wish I was like this before and maybe be have more in savings and achieve some goals.
Great things I never really thought about, definitively gonna put into practice some of your advice. Except the books thing, I love collecting those in physical.
I have a couple of takeaways from this. First though, I found it all to be sound advice that I also adhere to myself. Now, I saw someone else mention this too, but I’ll add that, I scrimped and saved my whole life and still do, to a point. Unfortunately, at age 32, I was struck by a critical illness that, while I managed to live through it, I’m now disabled and unable to travel or really enjoy very much. So while I’m able to live relatively comfortably (which I’m very grateful for), I missed out on enjoying and exploring the world with my only child and I have massive regrets about this - if I good go back, I wouldn’t have been such a tight-a$$ and I would have traveled and splurged and just enjoyed life because time and health is something you can’t ever get back, while responsible spending should still leave a healthy yield to save.
The other topic, while I respect your decision and reasoning for it, hair and nail care. I wholeheartedly agree that these types of activities can be a massive waste of time and money. However, I’ve found that for myself, the joy/confidence boost I receive from this type of self-care is worth the price that I’m paying. Though, I am still very strict with the frequency in which I partake in both. My hair color and cut only occurs twice per year, which a trim twice more annually. I’m a terror to my nails, I’m very anxious and stressed, so I bite them unfortunately. For this, I’ve allowed myself roughly three $60 manicures per year, as the powder overlays completely stop my biting for up to a month. They look lovely and it’s a biting reset for me, if you will. I enjoy pedicures at the same frequency, around three times per year. At only $20, I enjoy the quiet time whilst I’m being pampered and honestly, for the sake of health, removing dead skin etc (sorry if that sounds gross), it’s just very worth it to me.
Now, there is a fine line between an occasional splurge and having these types of services completed with regularity, so y advice in this regard is to, yes - splurge responsibly with self-care activities as well as traveling and also exploring locally. Don’t bankrupt yourself or take on debt to do so, but do not be afraid to tap into your savings *responsibly and enjoy your life - health and time are not guaranteed!
Agreed with everything you said. The hair and nails, unfortunately if you work in a office job who greets clients, you have to maintain a standard to your look. In society, if you look good and look well maintained, you get better promotions and jobs. Its proven fact. Life is balance for sure.
i agree spending excessively on nail salons is a waste of money but getting basic manicures and pedicures help so much with looking presentable, helps with boosting confidence and also with hygiene. i dont get them too often but when i do it is not a waste of money.
Totally agree!!!!
As a guy with short hair I am thinking of buying a pair of clippers and doing my own styling A haircut cost me $32 with the tip and I feel it's a waste of time and money . I wear ball caps now almost all the time . I am also thinking of giving up an online newspaper subscription, it's a luxury I could live without. I was careful about spending ever since my divorce, mostly because I didn't have extra cash. I did buy a new car in 2003 to impress a woman , it didn't . I still have that car. My last vacation was in 1986 , four years before the divorce. I would volunteer to work the holidays for people that had family and friends . I worried about layoffs so I stopped taking my vacation and holiday time just in case we down sized, I would have that money paid out when terminated . ( I could only carry over 10 days and had to use those up by April each year which I never did) Now I am old , my health is somewhat of an issue and I have lots of regrets . On the flip side , my daughter could be broke and still keep that nail appointment and hold a 6 dollar coffee in her hand . She was just laid off and flew to Miami for the New Years , rented a BMW convertible with her boy friend and went to a 2 grand a table New Years Eve party . I guess she's counting on the house I'll leave if the nursing home doesn't get it for her retirement.
I'm sorry for asking, did your savings helped you to treat your illness? Did you think how would you handle it without money? For me, sudden illness is something that I think you'll need money for. And on hair topic, woman on video looks like she don't need it (yet?)
Totally agree with all of this. I'm the same. Not only do nails take forever to get done, but after spending 40 pounds they only last 10 days!! Ridiculous.Thank you! Good job on these vids too! Well done!! X
Thank you for this. I have the same mindset! Great to know I am not crazy as I am said.
Thank you so much for your brief and quality concepts and explanations!
Although all of these concepts are straight-forward and are being said by others all the time, the way you articulate them and how you make them so relatable, I really appreciate. Since I stopped spending money on going out, drinking (I am sober now) and not getting "maintenance" done on my hair, nails, etc., I feel so much less stress to earn a high wage. In fact, I quit my high paying job and entered the gig economy so I could spend more time doing what I really enjoy. I make a fraction of what I use to but I am able to actually save money, I am happier and more fulfilled and feel like planning for the future isn't so overwhelming. I am also able to pay of debt.
I don't get why "a new car" is always on these lists, if you buy a car every 3y It make sense, but if you keep it more than that, and take decent care of it, you'll get easily 10y of it without mayor issues. Plus the advantages of not having to spend 3h going to a place not farther than 10km/6mi in a bus (normally with connections, therefore more wait and spend) nor will you be at the mercy of uber's algorithm
I think people means brand new cars as they loose value as soon as u buy it brand new. The biggest dip of value to a car happens when it goes from brand new to second hand. It could be much more sensible to buy a car with a low mileage or even a previous model year. Also with the car loans people often go over the amount they can actually afford. The car loan is looked down upon because it’s a fixed payment for a depreciating asset. I don’t think anyone advocates to go everywhere in a bus
@@sparingharbor2600 Agreed. In general, I believe in live and let live, but I try not to buy “new” for cars. Especially now in the US with dealerships charging above sticker price and interest rates over 8% for loans.
Completely agree. I bought a "lightly used" car from a garage with low mileage and the money it cost me with repairs - alternator didn't charge battery etc. I would go out in the morning ready for work and the car would be dead. This was just the beginning. It was a reputable dealer as well. Car got to 64,000 miles. My new car is 80,000+ and still going strong fingers crossed. I use things until they break or cost more to repair than they are worth. Also, I know what work I've had done to it and where.
@@tarat26 that depends on which brand u r buying since planned obsolescence is a real world industry term. American and European brands are better bought new while Japanese ones would last 300,000-400,000 miles easily. Own a second hand Toyota car since 2008 and I’ve only repaired it about 3 times in almost 12 years. The value of the car depreciates by so much as soon as u drive it out of the driveway. Might as well get a used car with less than 10,000 miles to shave 20% of the cost right away
I know right! And if you buy a Toyota it'll last u a really long time as long as you take care of it, easily 200,000+ miles
Yes I'm the same I rent books from the library (as its good to keep them going for the local community in UK) and I covet my real books for me they are worth the investment. My approach is...I don't buy anything unless I love it, have a purpose for it, or need it. Job done. It's not complicated.
Thank you for your informative videos. They can be life-changing! May I ask you what app/service do you use for journaling your holidays/vlogging? Thank you and keep up the great work!
Amazing documentation of these supposedly common sense stuff but inherently invisible to the common eye. I’ve learnt a lot of these by experience and thought (and party by Indian heritage too), good of you share it with the world in a structured way.
I see some folks talking about the balance between living for the present and saving for the future. Which it absolutely is! Digressing from this video’s topic, you should always do what you want to do if you get an opportunity to do it. Have I spent more money on things I’ve wanted to do, absolutely! But what Nischa says here are more of a habit forming routine that keeps good financial health. Not one time joys or planning to have fun!
Came across your videos not too long ago! They’re so calming, informative and makes me feel like I CAN regain control of money growth and savings.
How did you get into the habit with Christmas shopping? Did you announce to the people in your life you were doing so, that way they felt less pressure to buy for you also?
How do we normalize this conversation around holidays?
We did Secret Santa. £25 max spend and was so fun guessing who gave what. Saved about £200 buying for all the adults in the family
I just told my fam to not buy me anything, full stop. Make a donation to charity, cause thats what I would be doing. And it's SO MUCH EASIER this way.
Thanks for the sugesstions and advices
Just discovered this channel. I’m binging on the content, very useful information you’re sharing with us here! TYVM
I bought a $58,000 car used with 26,000 miles on it. It was 3 years old, no accidents, no problems, and I paid 28,000. I have owned that car since 2017 and it still drives like it's brand new. Paid off, and all mine! Love it!
What make and model is the car you bought? If you don't mind me asking.
Still too much. A 2015 lexus is 15k and will last 15 years
As far as souvenirs. I collect a small stone from every country I go to. Cheap, and it doesn't take up space.
What you describe in this video, I would also call minimalism. I've been practicing this for a while now and feel good about having a bit less. I feel unbundled and have less things to worry about.
I collect shells if the country has a coast line. Also stones, especially by the sea.
Just Subscribed
The Sales & Car got me !!
Bravo keep up the great work
Im going to buy the Journal, is it really that good ?
Thanks for the video, The 'updates' and 'sales' make a lot of sense
Thanks for this, very insightful. Quick question (open to anyone): What is your opinion on rather expensive hobbies?
Loved this video Nischa!! Really wise words. I am definitely a sucker for sales and haven’t thought of it as a way of brainwashing me to buy something.
women buy things to make themselves feel better [ dopamine ] especially of the unMarried--- ouch🙂
I love to buy spices from places I’ve been to, sometimes cute coffeecups. But I do use them), more cups, less wash))
Excellent and informative video. I purchase luxury items (clothes, fragrances etc) on a less frequent basis. Also, I purchase based on quality rather than price. My son gave me this advice.
I agree with education and the apps like Libby. I have learned so much from free books over the last 10+ years of using the library and good free apps!
The last bit is hard.... But I completely agree with all your points 😄
Simple girl. I only wish many people looked at things in its simplicity as you. I have similar outlook to life like yours. Excited to see your channel grow in leaps and bounds, in the years ahead
This video is so well articulated. This is a great common sense in a nutshell. More people should use it
Definitely agree with you! 👍I am a minimalist and I love it, I love to spend money on experiences and not on stuff, unless I really need it or it really really makes me joy… but the most joy is to have a clutter free house 🏡😊😊
I’m the same, wanting more doesn’t bring more happiness. Keep things simple!
I love this list except I would replace books (which I usually buy second hand!) with coffees. For those of us who aren't super wealthy, it's amazing how much of your weekly/monthly budget is saved from treating going out for coffee as a luxury to be enjoyed every now and again not daily.
I went a step further and quit drinking coffee. And the bonus is that I feel better physically for doing it.
I frequently read things like she just said: A car loses 60% of its value by its 3rd year. Even buying from individuals, I've never been able to buy a 3 year old car at anywhere close to 40% less than its original value unless it's really high mileage, had an accident or just all beat up.
exactly! Car starts to loose value dramatically only if milage is really high or it's old (6+ years) and is out of warranty. My view on buying a new car like an extra assurance that it will be drive you anywhere you want without worrying that it will break and you will have to start spending money on repairs.
Saying that, 3 years ago I bought a car that cost more that I had, and I didn't really need the car, because I could use my wife's car. The thing is, I still love my car, despite people saying that new car will bring you joy only for first 3 to 6 months and 3 and half years later I'm still paying for that car BUT, I'm from east of Ukraine and my two cars is all I have now, and considering that my salary is in EURO and my credit in in Ukrainian currency that now worths double of what it was then, it was a smart investment. Buying apartment was not as smart retrospectively, now I regret that I haven't buy more expensive car.
buy a tacoma
I believe she might be referring to trade in back to dealer. Also a lot of difference what brand is. A Toyota or Honda will lose less value than a Range Rover or any overpriced unreliable crap that wants to be luxurious.
@@carlosnorris352 agree with your message, but Range Rover IS luxury, it drives well, looks well and luxurious inside and more importantly - everyone who see you on road knows you have A LOT OF money not only to buy this car, but also to fix it and appreciate that you will loose a lot of money on it and just don't care )))
I agree on all the points she said. But I just bought a car last year, and I did not think once of the loss of value of the car. I bought the car cause I needed a car, I have been wanting that car for years, and I fell in love with the interior at the dealership, something I have never seen before. I bought the car to drive it, to enjoy it, and I dont mind keeping it for life, cause I genuinely love it. Sometimes its ok to buy something that you will enjoy and bring happiness and that you can afford, I dont care that it lost its value, its a beautiful car and its valuable to me.
Hi Nischa!! Anyhow, your financial advice is excellent spot on. 👌
travel momento- years ago when my kids were young I switched to 1 magnet from a place and the group decides on it. Then I have 2 red metal wall pieces with all our magnets on them and they're fun to look at- only some wall space taken.
Great points! I just wanted to say that some words have definitely different meaning here in US and in Britain lol. Pre-nap in US is used for when people get married and want to do a "contract" of material items they want to keep separately. So that totally threw me off guard lol.
… we call that (pre marriage contract) a pre-nup in England so I think she’s just made up a new meaning for the word ☺️
@Autumn I see, good to know that it is the same as in the American English! Thank you for the info!!
@@LoveFluffybums1 I know we do use words differently, which I always find so interesting, but she has definitely made her own meaning up for this word 😆
@@autumn5852 Very interesting 😅😅😅!!! Thank you soooo much for clarifying the mystery!!!
I would also add.
1. Alcohol in bars.
2. Eating in restaurants at all.
3. Concerts (these days).
4. Sporting events (these days).
5. Gadgets.
6. Subscriptions you forget about, or don't use.
7. Expensive college, or college at all. (but that's a complicated and lengthy discussion)
And of course the biggest one of all...
Get out of debt, or even better don't get into debt in the first place. Live on beans and water, and shop at the Salvation Army if you have do. Get on the plus side, and stay there forever. It's the best decision you'll ever make.
My nephew just got his first job, and within a few weeks bought a new car for $35,000, and now he's giving 30% of his paycheck away every month for a depreciating asset. And setting himself up for a lifetime of debt. It made me very sad. I tried, but some people can't just wait a few years to get in the black. That's all it takes. Get even, and then put away 10% no exceptions.
Thank you for this. I love that you've helped me in my spending habits)
hey Nischa. great site. just subscribed. I am a financial and agree completely on books to improve your betterment. agreed souvenirs but still like to give to my kids when I travel but you are right :) also. libraries are great and youtube learning one of the best ways to learn buy the drink and no salvage in the house to clutter
Thank God finally someone says this out loud - new cars, fast fashion and pointless nail/hair saloon appointments are an absolute waste of money and time! Great video, thanks!
Thank you!
Earned yourself another Sub, great channel Nischa 👍🏻
Very recently found your channel, and became your fan! Love your tips/advice. From 🇨🇦
Very practical, finally there is 'you' who speaks my kind of language 😁 thank you 😍
She is awesome. One of the Best channels I subscribed to recently, thank you RUclips algorithm. She is beautiful and very smart, plus she won’t waste no one’s time, gets to the point right away.
Thank you so much
From the sale category, I was going to buy a welder that was $200. When I went to buy it an employee said “hey if you can wait a week it’s going to be on sale for $150” sure I can wait a week, yeah that was a nice savings. But people here do Black Friday and will buy a TV just because it’s on sale. If you didn’t need it, you didn’t save $200 you spent $400
LOVE your content, Nischa. Keep it up! 👏
I agree entirely! I do, however, buy books in small quantity. Unless I really like them, I either donate them or sell them to Strand Bookstore, which is in NYC.
When I was a boy I wanted to buy a toy car so asked Mum for an advance on pocket money. No way. I looked at it every day in the shop window. Four weeks later I had the12.5p enough to buy it but no longer wanted it! Nischa good stuff again.
All great tips and can't agree with you more that women waste lots of money on fast fashion clothes, styling hair and nails which is a total waste of money.
I however like to collect souvenirs.
Thank you for sharing.
Very clever speach, so many advices, thank you and hope so see you soon ( in London somewhere :) :)