7 Things You Should NEVER Skimp On

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Watch my FREE Masterclass 'Four-Step Routine to Financial Freedom' nischa.me/wealthmasterclass
In this video, I share 7 things you should never skimp out on
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TIMESTAMPS:
00:00 Accelerating knowledge
01:28 Milestone memories
03:02 The golden triangle of health
03:51 Tools with diminishing returns
05:04 Safety and security
06:13 Hiring professionals
07:10 Retirement savings
🧡DISCLAIMERS & DISCLOSURES
This content is for educational 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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Опубликовано:

1 июн 2024

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Комментарии : 273

@nischa 5 дней назад

Watch my FREE Masterclass 'Four-Step Routine to Financial Freedom' nischa.me/wealthmasterclass

@YourOwnSelf 9 дней назад

1. Accelerating knowledge (invest time, effort and money) 2. Milestone memories 3. Golden triangle of health (sleep, nutrition and movement) 4. Tools that have a diminishing return 5. Safety & security (e.g. insurance) 6. Hiring professionals 7. Retirement savings

@Shadowselfreal 3 дня назад

Cool user name

@teevans8370 2 дня назад

Agree. In terms of physical items I would add shoes and mattress - always worth paying for better quality.

@rosaliereyes7352 3 дня назад

We didn’t have a wedding because, aside from being introverts, preps also cost a lot of time and energy - a lot of effort for just one day of your life. So instead, we took multiple vacations and made multiple lasting memories. And we still had a lot left to pay for the downpayment of a house.

@joannereynolds69 14 дней назад

Never skip the opportunity to spend quality time with your children - they grow up so fast and before you know it they are ready to fly the nest 😊

@voodoo1988 14 дней назад

This

@pawpawmark1872 13 дней назад

Very true

@jollyjames30 13 дней назад

What's the point of having kids if they're just gonna fly away and forget you?

@EjayT06 13 дней назад

@@jollyjames30?? They’re saying ready to move out and live adult lives. That doesn’t mean forgetting you.

@robienillosistoso628 13 дней назад

True 💯

@DeepakRavindranTheTechno 13 дней назад

I always celebrate my birthdays in a big way. It doesn't mean I splurge money on useless things, I do adventurous stuff to remember the day more. My birthday was a few weeks ago and I went for shark diving; the previous year, I did the Sydney Harbour bridge climbing. These memories will stay with me for life!

@laurabellereads 11 дней назад

I don’t skimp out on a good pair of shoes that I’ll wear everyday or hiking boots! I bought a $150 pair of sneakers 3 months ago that I wear all day everyday. I wear them for work because I have a very active job where I need to jump, run, climb etc and I wear them for my gym classes in the evenings. Owned them for 3 months and barely any wear and tear yet. The $10 shoes I used to buy would only last me a month! The new ones also support my feet so much better than cheap ones. The hiking boots I have, I bought them 4 years ago for $200 and they’ve saved me from sprained/twisted ankles so many times. Good shoes I reckon is a good investment for your health and well-being.

@wm3687 12 дней назад

Birth control.....do NOT skimp on birth control.

@EcomCarl 13 дней назад

Absolutely agree on the importance of investing in milestone memories and personal growth! Prioritizing experiences and quality relationships over material possessions truly leads to a more fulfilling life. 🌟

@mikeflair6800 6 дней назад

Your maturing is obvious in this video. You will continue to mature as time goes on. Some are better than others. IMO, you are a role model of a 'successful person', in many regards. You have a unique ability to motivate others. Nice to meet you!

@lumslifestyle 8 дней назад

Thank you for all these reminders !! Only celebrated my birthday twice as a kid and decided to celebrate it this year. And now earring what you said about celebrating milestone makes me want to enjoy it even more 🎉

@danielsowa8209 14 дней назад

We love glamorizing effortless success, but success is never effortless. This shit is inspiring!!!

@marketacomorkova9944 12 дней назад

genious sentence!

@neiljennings8822 13 дней назад

I 100% agree with your 7 Nischa - thank you. I would like to add an 8th, more important than all of your 7 added together. Personal friendships, be it your partner, family and friends. One biggest regret of end of life people is letting old friendships evaporate over time. Life is just miserable spent alone. This is a real life investment. Keep the vids coming

@robienillosistoso628 13 дней назад

Agree - keep great relationships until our hair is gray ❤

@nicolasara08 День назад

Okay i love you! Thanks for all these videos!!! 🙏🙌

@user-xi3iw6om4l 13 дней назад

Really enjoy your videos Nischa. As a banker I understand all of this quite easily, but hearing it from someone else for some reason, just hits different. Also, your advise is sensible and reliable - very refreshing where the online world of financial advice is full of charlatans!

@Eteraz 6 дней назад

Loved this episode. I learn so much from your videos

@dealman3312 3 дня назад

6:00 a raid 1 mirrored NAS for your important data. If one drive fails, no problem, swap in a new drive, the array rebuilds itself, no data loss. So many people go through life with a single hard drive point of failure and suffer the consequences when it fails

@adityapratama1891 13 дней назад

find balance between investing and enjoying life. you never know when will your last day.

@LearnGermanwithMarzipanfrau 9 дней назад

Yes, that's true.

@dboynette 4 дня назад

Agree. Time is the most valuable commodity. The journey to achievements creates the memories and self esteem. Get the balance right and money will follow.

@bradleymaravalli2851 2 минуты назад

Curious to hear what your new setup is regarding microphone and camera.

@AlanHaywood 13 дней назад

Thank you. Nice summary of good advice. I'm glad I've subscribed.

@godwinyoh3700 5 дней назад

Absolute gem. 100% agree

@user-sb7ng8zo2t 14 дней назад

I am so happy that I subscribed to your Chanel. You teach so much more than I thought I knew about finances and investment planning.

@elaynecheu3464 13 дней назад

Thank you for sharing your insightful wisdom!

@maxrussoDesign 12 дней назад

This is true value Nischa! Thank you so much for your content

@hansanaik3835 13 дней назад

Belated Happy Birthday! Totally agree with everything you have said in today's video except may be milestone memories. I prefer to keep that small. I usually gain knowledge when I join classes. I can never buy a book and read it on my own as I lose the motivation to read after the first couple of days. Using a real estate agent when buying or selling property, using an accountant when taxes get complicated, gym membership, living somewhat close to work (paying high rent, high property price) so that commuting to work is not stressful, buying high quality items for everyday use such as clothes, shoes, furniture and appliances are some of the things that I have done. The only regret that I have is not saving for retirement seriously in my 20s and 30s.

@Residentevilfan1989 13 дней назад

One of your vidoes really really helped me. I am so glad I found you. I found you by accident, but I am forever grateful and forever changed by it.

@vijayshah4880 13 дней назад

As usual, precise & to the point

@steveblog1 14 дней назад

Other things I have learned not to skimp on: Toilet paper Coffee Any brown sauce other than HP Cheap trainers (running shoes/sneakers, etc) Arguably not as important as Nischa's advice to be sure, but trust me 😁

@zoelee8471 13 дней назад

Agreed! Little things that brings you small daily doses of happiness should not be skimped on 😊

@djtaylormade1195 11 дней назад

Belated happy birthday. Thanks for your valuable advice and wisdom as always 🙂

@NOLMTS777 14 дней назад

I love your videos! they provide so much value to people like me. thanks for sharing your wisdom love from india!

@akshathhebbar6195 8 дней назад

Hi Nicha, how do you have these insights so early? Is it from books you read or coaching? If books, what are your recommendations?

@moitse_ 13 дней назад

I'd love to be so well-articulate as you are🥹❤ I love your videos so much! Really informative!🥺

@korgond 14 дней назад

You’re creating so much value. I’m happy that i’ve discovered your channel.

@nickviews 8 дней назад

Just wanna say I appreciate the insight as well as the wonderful graphics overlayed on top of the video to drive the points home visually. Appreciate what you do - keep it up😊

@sharon-bp9pk 14 дней назад

Another thing you should never skimp on: priceless financial advice from Nischa! Thanks for all the effort you put into your videos 😊

@JuliaIsabel_Alonzo 13 дней назад

I absolutely love the advice! When it comes to your health, sleep is so important but how should mums of small babies do it??!! It would be amazing if you could dedicate a video to the health (including financial health) of mothers because it becomes difficult when you are taking care of a baby but at the same time want to reach your financial goals.

@jacobfraser415 8 дней назад

Happy belated Birthday! And thanks for sharing your knowledge with the community, its been helpful!

@Reem-vj2hi 13 дней назад

I love your channel, it is so informative and helpful. Is there a UK equivalent of your channel?

@ItsGrantM 9 дней назад

This is the UK equivalent😂

@reenujose4937 9 дней назад

😂😂

@ld5714 13 дней назад

Good morning Nischa and a belated Happy Birthday. I wish for you continued success and enjoyment for you in this next trip around the sun. This discussion was spot on! Great discussion and sharing of your experiences, thank you. Keep up the great content and have an excellent week. Larry, Central Valley, Ca USA

@YogeshkashyapYogesh-fi4fo 14 дней назад

Revux's team is top-notch. Expecting big developments soon!

@Clauds71 11 дней назад

Thanks Nischa 🧡

@chung319 13 дней назад

Would the chops be cooked in like 15mins ? I don't have a oven grill but a gas stand up cooker with a grill would that work?

@anshulg14 10 дней назад

Loved your videos, watched most of them. Good stuff !!! I've been in finance myself for 10 yrs and then business and in IT for last 10 years. So feel like there is lot of stuff to put out, so want to start on the journey like yours. Finding it hard to get much views, so wondering if you will have a course as to how you got your success in this niche, or we can collaborate on content, I can produce lot of it from my experience that will be useful. Thanks

@Mackcolak-xf5bk 13 дней назад

Here are the key takeaways from the video "7 Things You Should NEVER Skimp On": 1. Accelerating knowledge - Invest in gaining knowledge and skills, whether through books, apps, classes or tutors. Paying for expertise can accelerate your growth. 2. Milestone memories - Spend money to celebrate and create lasting memories for major milestones like birthdays, weddings, graduations. These memories are invaluable. 3. Health trifecta - Don't skimp on sleep, nutrition and movement/exercise as they vastly improve all areas of life. 4. Upgrade tools - As you grow, invest in better tools to support your progress when basic tools are no longer sufficient. 5. Safety and security - Pay for insurance, safekeeping of valuables etc. The peace of mind is priceless. 6. Hire professionals - Hire experts in fields like law, taxes, training as their knowledge saves time and money long-term. 7. Retirement savings - Start investing for retirement early to leverage compound growth over time. Pay yourself first. The overarching message is to thoughtfully invest in personal growth, health, asset protection and compounding for the future - as the long-term benefits far outweigh any short-term savings.

@aniopara 14 дней назад

Great video. Learning so much from you. Thank you for sharing.

@oogaboogas001 13 дней назад

i thought the lighting was extra nice this video!

@Carla369 11 дней назад

Thanks for mentioning the Spanish,,,proud of speaking it by nature :D

@richjs1 13 дней назад

A comfortable bed and a quality pair of shoes......because you're always in one or the other!

@d.s.151 12 дней назад

Me, hanging out barefoot at a beach; Nope.

@shto4782 11 дней назад

shoes are crap. Your feet need freedom

@richjs1 11 дней назад

@@shto4782 Grow a pair!

@lindabervoets1361 7 часов назад

I'm without shoes more and more... feels much healthier and freer. 😊

@shuycg 12 дней назад

Lasting memories also means going on vacations. It can be a meaningful weekend, long weekends that allow extra travelling time.. Even the occasional short workday that leaves room for an exceptional work-week activity.

@salman501 10 дней назад

Good stuff Nischa, good reminders

@AliAsghar-om3pv 13 дней назад

Hi Nischa, love your content, I was wondering what dermatologist you know of that is trusted in London. Would be grateful for your help. Thank you :)

@kapoyong 5 дней назад

Drop your skincare routine please!

@dionisiarastapiano 14 дней назад

Nischa love your contents!! please do make a saving tips video for students❤

@NituVerma-cw3yz 14 дней назад

Revux's roadmap looks promising. Exciting times ahead!

@chrisburton339 14 дней назад

Bot.

@MrHayolas 13 дней назад

Thank you Nisha for your videos, I really listen to everyone of them and enjoy them because they are genuine and real life principles. Very easy to understand and addresses different topics that are very important. Love it

@luckymeat3050 13 дней назад

Real-brand Cornflakes and Weetabix. So much regret trying the cheaper brands... I need a hug.

@Lelolai 10 дней назад

Intellect and beauty. I am in love🥰

@nirvanpandagre5706 10 дней назад

Most underrated creator ❤ dropping truth bombs back to back......

@markanderson980 14 дней назад

Excellent advice!

@superdrew907 11 дней назад

I thought about this exact topic for quite awhile . . this is the 1st video Ive seen covering it, decided that my #1 don't skimp on was ..Tattoo's . . .never get a free tattoo kids. .Funny I don't have any tats but somehow that still made my #1.

@HarryMendowza 11 дней назад

I love this 🫶🏻🫶🏻 thank you!

@patmanrick 12 дней назад

Usually agree with almost everything you say, but I disagree on the safety and security one. I don't think it's about just thinking how you would feel of the worst we're to happen (because if you follow that logic to the conclusion you would just spend like crazy on all kinds of insurance type products), it's about weighing the cost, probability and how you feel. Unless you are likely to have an emotional reaction to something then if you can comfortably afford to do so, generally it's best to self insure. Why let the insurer capture that margin?

@Abdul_Rahman86 13 дней назад

Personal experience here. If there is a good quality certificate that will help you progress!!! Definitely go for it!!! Pay for it

@suji2bizzy340 14 дней назад

1. Accelerating finances 2. Milestone memories 3.golden triangle health 4.tools diminishing returns 5.safety and security 6.hiring professionals 7.retirement savings

@DaKoolDude 13 дней назад

thanks - saved me8 minutes

@robienillosistoso628 13 дней назад

Thank you

@lilspnce49 13 дней назад

You guys are missing all the details though

@almaortega9261 6 дней назад

It's knowledge not finances on #1 😂

@ricomajestic 14 дней назад

Good advice, Nischa!

@StepchyldeThaPhoenix 8 дней назад

Love you, Nischa. Thank you!!! 🫶🏾🫶🏾🫶🏾🫶🏾

@Adithya165 10 дней назад

Hi Nicha, I am so excited to see your inspiring videos. The video will be different to can you change this black top?

@melatn 11 дней назад

As you used to work in investment banking, please talk about how best to deal with the restrictions on which brokers can be used for personal investments. I'm trying to find a solution and have so far managed to keep my investments but it's been a real headache and I'm not seeing anyone talk about this issue in the personal finance space on RU-vid. Thank you

@lydiahoey1591 10 дней назад

Absolutely agree with investing in health - diet, sleep and movement. Considering we spend almost a third of our lives in bed, we seem to neglect looking after our sleep. After a lot of consideration, me and my partner bought a new expensive and super quality mattress and it has changed our lives. Waking up feeling refreshed and ready to start the day makes a world of difference in physical and mental health and productivity - a well worth investment!

@samsandhu7198 10 дней назад

@nischa - Were you in Antalya a few weeks ago? I think I may have seen you walk by with your friends and nearly slipped but you kept it together haha. It was near Hadrian's gate. I was going to ask if it was you infact, but felt it could go completely wrong haha!

@DrBilly90210 11 дней назад

Red Adair puts out oil well fires for a living and has some great quotes regarding the topic of this video: "If you think hiring professionals is expensive, try hiring an amateur." "You can have it fast, you can have it good, you can have it cheap. Pick any two."

@ofivecento 9 дней назад

I don't scrimp on hotels when traveling. I used to be a Motel 6 kinda guy, but that extra 40-50 dollars makes up for it with the quality of sleep you are able to get

@ipconfigearth102 5 дней назад

PLs suggest a good budget mic for videos like you make and lght

@Sayonlaskar4545 14 дней назад

Revux's low presale price is a steal. Time to load up!

@hites461 14 дней назад

Been tracking Revux's development. Impressed with the progress!

@richardbedford169 13 дней назад

Hi Nischa, Get video, who did you call for tax information as I'm based in London too.. Thanks

@stevedocbhoy 11 дней назад

Absolutely amazing advice follow all your videos excellent information and brilliant way to give it 10/10

@keshab2k 14 дней назад

Happy belated birthday!!! And a belated happy new year 😉

@ROSADIANA-DSB 14 дней назад

Another great video❤

@mcleananderson4948 6 дней назад

Agree on all except for the wedding. You don't need to spend a ton of money to get everyone together. Overall it's a waste imo unless you're truly rich.

@apartmentinvestingforbeginners 8 дней назад

Love these tips. Thank you

@fahadbhutta3164 9 дней назад

- Accelerating Knowledge - Milestone memories - The Golden Triangle of Health - Tools with Diminishing returns - Safety and Security - Hiring Professionals - Retirement Savings

@MoorishBrooklyn 13 дней назад

Great lessons.

@michalbalog-rb4dk 11 дней назад

I agree, once I've decided to change everything I've taken a big risk and every single day from that day I keep learning new skills that it gets to the point where you realise its not about the money anymore its the feeling and the person I become everything else falls into its place, thanks for your videos they're great!

@yolow8126 10 дней назад

How to we gain these much knowledge about financial and were is that one roadmap that shows it all

@surpriserakins9067 11 дней назад

@Nischa, I usually agree with you completely but I think you have a couple of things wrong. Firstly there is very little correlation between health and spending money. Good nutrition, physical exercise don't cost an arm and a leg and those who don't have good health is generally down to lifestyle issues rather than poverty. In your reference to safety and security, all the examples you referred to were about insurance. Insurance doesn't make you safer or more secure, it simply compensates you financially for your loss. I'm sure that few people insure everything so that will simply be a judgement call about risk.

@pecelirovucago7149 13 дней назад

Great post , thanks !

@xxmahir3000xx 8 дней назад

Underrated youtuber. Thank you Nischa

@rfrancoi 14 дней назад

Makes perfect sense. Thank you.

@robwaz1547 14 дней назад

Just enjoy every day, for tomorrow is not a guarantee , for sure plan for the future but don’t ever forget to take time an look around at the moment you are going through now. Happy belated birthday 💐🍾 till next time

@LyteFlex 13 дней назад

love this

@konradzio8 13 дней назад

I'm not sure if the method you gave for assessing your insurance needs wouldn't actually work against you. There's a cognitive bias described by Daniel Kahneman in his book "Thinking, Fast and Slow" that we tend to think that certain things are more likely to happen the easier it is to come up with examples of it happening. Also, he found out in his research that people often tend to overestimate marginal risks. More, we are willing to pay more to have as you said peace of mind, to be sure that we're 100% covered, even if the chances are really low. And insurance companies thrive on this. So I think it might be better to actually look up statistics and then based on that and your individual situation decide whether it's a good idea to get insured on something, rather than making a purely emotional decision. Didn't want to criticize on what you said, just wanted to add this insight, as it was bewildering for me to learn, how easy it is to fall for these fallacies, how many different cognitive biases there are, and the impact they have on our decisions.

@janeprincy3121 3 дня назад

just what i wanted

@cian3853 11 дней назад

Thanks Nischa!

@naendo7855 13 дней назад

Nisha please make a video about what to do once you reach £100k. I love your channel and your advices

@TomReichner 12 дней назад

These suggestions all seem to be given with the presumption that the recipient of this advice has some extra, or discretionary, income. What would your recommendations be for someone who is living on less than $22,000 U.S. dollars per year, and can barely pay the expenses of minimal "survival mode" life? I mean, for someone who has to buy their shoes used at thrift stores, or has the electricity shut off from time to time, some of these recommendations seem quite extravagant.

@dougieladd 10 дней назад

An idea for another video Nischa - How to invest in retirement... if you are older, missed the boat...etc... :)

@simonbrampton 6 дней назад

I was very cynical about the wedding, but we also came to conclusion that it would be the only time ever that all our friends and family would be in the same place. That was the priority. BUT, we also saved a lot of money by getting a civil wedding and getting married in the community centre of my father in law's village and getting a decent price on catering from the local restaurant. I hired the tux. Focus on people and fun and not on very expensive one-off self indulgent whims...

@qillqiggins294 11 дней назад

When it comes to a wedding just rent a field or venue and have a party ,don't mention its for a wedding and celebrate and just go to a registery etc... so much cheaper