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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25% fun budget. 15% saving is assuming that the market return is going to be really good in our life time.
In most of the countries i know, there is no investing opportunity. People are happy when their savings are not lost to high inflation.
BEEN WATCHING NISHA SINCE DAY , VERY RESPECTABLE , YOUNG WOMEN TRUE PHILANTHRAPIST GREAT EXAMPLE FOR ASIAN BUSINESSWOMEN!!
index funds come with annual management fees
Steven's interview skills came across really clinical and cold here and I felt like he was dissecting Nischa and didn't offer enough empathy other than a tissue which was later 😢.
I love her videos and I really feel she brings value to the world. It is helping me change into a better person with my finances.
Respect for Stiven and guests !
She is so frugal she won’t even use the handle on the mug in fear it may break off. I’m also pretty sure she owns one light bulb and moves it between rooms. She appears either scared of driving, or scared of her car breaking down and using her “math” as an excuse. Would love to meet her.
1:02:29
Doesn't sound sincere
Oh man. I can see her advice being bastardized by people who stop hearing at “You don’t need to buy a house…” and skipping part2 in investing the difference between paying a mortgage vs rent and instead living the good life in buy now pay later. Then they’ll be in the same boat when prices double in the next 10 years. Meanwhile the value of my house tripled. How do you fight inflation? Easy you buy assets.