Personal Finance Expert Nischa Shah breaks down the 65-20-15 hack to making money, why saving for a house might RUIN your path to financial freedom, and how to build REAL wealth through passive income, smart money habits, and beginner-friendly investing strategies.
Nischa Shah is a qualified accountant and ex-investment banker who walked away from a 6-figure career to teach millions how to take control of their money. She’s the creator of the fast-growing YouTube channel @nischa with over 1 million subscribers, where she breaks down debt, saving, and investing.
She explains:
◻️The 65-20-15 money framework that generates passive income without a job.
◻️How to invest in index funds and retire early with compound interest.
◻️Why your job might be making you poorer every day.
◻️The dangerous lie about “saving = security” and what to do instead.
◻️Why the credit card trap is costing you thousands without you realising.
⏱ Timestamps:
00:00 Intro
02:33 My Mission to Spread Actionable Money Tips
04:33 Trauma and the Link to Money Attachment Styles
08:39 The 4 Steps to Take Control of Your Finances
12:03 Paying Your Debts
14:00 The Emergency Financial Buffer We All Need
15:12 What to Do With Saved Money
17:14 Do These 3 Things Before Investing
20:05 Why You Should Save for Retirement
23:01 Spending Money for External Validation
27:41 What to Invest In
31:14 How to Get a Salary Raise
44:49 What Is Opportunity Cost?
48:59 Should You Split Your Investments?
53:47 What Does Nisha’s Portfolio Look Like?
56:45 Ads
57:36 The Best Book to Learn About Finance
01:01:19 Should I Buy or Lease a Car?
01:04:40 Should We Sacrifice Some of Our Enjoyments?
01:07:35 What’s the Best Way to Track Your Numbers?
01:11:16 The Role of Money in Relationships
01:16:23 What Is Passive Income and How to Get It
01:22:02 Ads
01:23:53 Making Millions With YouTube
01:29:45 Doing Your Finances With AI
01:36:33 The Importance of Your Credit Score
01:45:25 What Would You Not Spend Money On?
01:48:57 My Dad’s Words Changed Me
01:58:02 I Felt So Much Pain During My Career
02:01:26 Your Hardest Day
Follow Nischa:
YouTube – https://bit.ly/4kHiVMl
Instagram – https://bit.ly/3Ui6eNd
💡You can find out more about Nischa’s ‘Intentional Spending Tracker’, here: https://bit.ly/3GR5gEC
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Great show but. What about if your 60 a need to start planning for retirement? Help please !
This was my favorite ❤ bring her back!!!
Awesome episode and guest, learned a highly valuable tip, cheers!
So much value in one video.
Love that SB
Just subscribed
Well NS – LEGEND!!
Thank you so much, Steven and Nischa! The content is extremely useful but I also felt like I was watching a movie – Nischa’s part was so emotional and moving, she is genuine and beautiful, and Steven’s questions, timing and long pauses highlighted all of that❤
21:00 – such an interesting part of the conversation.
Phil is now enjoying his retirement life – but he's old, limp d*** with his best years behind him – which he basically wasted (not financially).
The other lad is stupidly throwing silly money away, and creating "memories" that won't help him going forwards – but is optimised his life when his life is best optimum…
Such a balance to be had.
Also the bit about gender pay rises didn't seem to make any sense. If the data shows woman aren't as likely to ask for pay rise in the first place, the question isn't then "from that proportion that do, why don't they get one" but "how do we get more woman to ask for pay rises in the first place" – this more of a biological issue as much as a training issue.
Thing I find interesting: the more I save, the more I pay off, the less I'm interested in buying more stuff.
so fake, how is someone working paycheck to paycheck able to do any of this, its all bullshit
How is this different than dave ramsey?