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
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.
also, no point inviting a sh*t load of people we barely know. Coworkers of friends, and friends of coworkers, high school friends of the wife and the devil's grandmother.
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!
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.
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.
We had a gorgeous, big wedding and I would do it again. I cherish those memories seeing my grandma dance, laugh and pray amongst all of our loved ones in one room despite battling dementia. She's no longer here with us but I have that happy memory with me for the rest of my life. This is priceless.
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
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. 🌟
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.
As an ICU nurse seeing unexpected deaths of seemingly "healthy" and average people, this is so true. Find the sweet spot. Don't focus entirely on saving for the future!
- Accelerating Knowledge - Milestone memories - The Golden Triangle of Health - Tools with Diminishing returns - Safety and Security - Hiring Professionals - Retirement Savings
Sad story about this. Had a friend's sister who was on birth control. Her mom wouldn't take her to get a prescription refill because she was hyper religious and didn't agree with it. The girl then went to an online doctor who prescribed her with cheap stuff (somehow without parental consent). She collapsed at school due a blood clot in her lungs, fell into a coma, and eventually died... almost $2 million in hospital bills later. DONT SKIMP ON BIRTH CONTROL OR DOCTOR.
@@procyon.lotor4was she a smoker? It’s not a matter of cheap birth control. Blood clots are a known side effect of artificial birth control. Risk is increased by smoking. Natural Family Planning is free and has no negative health effects.
@JewelBlueIbanez no, but she used an online doctor so that's more what I'm getting at. Don't use sketchy doctors that prescribed sketchy meds. It was one from an Instagram ad.
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😊
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
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
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!
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.
Never skimp on footwear. After cheaping out on a new pair of shoes for work, I learned that the dull (and sometimes sharp) discomfort in your feet by the end of the day is enough to spend more on something that will be comfortable and durable in the long run.
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 😁
I don't know how this ended up in my recommended list but you ABSOLUTELY NAILED THIS. I've come to learn the hard way about most of these I wish I had known earlier. But I'm also happy because better late than never. And thanks for an insightful video!
As someone who lost their wife to breast cancer I can say that the only thing i cherish from our wedding is our time together on that day. All the friends and family were great, but not important in “the end”. And in the end, our small wedding of 100 people could have been just us on a beach with a couple of witnesses. As Dr. Seuss said “You never know that value of a moment until it becomes a memory”. So yes, spend the money on vacations and on quality time together!!
What helped me, in terms of accelerated learning, was starting up my own business when I was in my mid 20's. I'll tell you it was extremely hard, I went broke a couple of times, at one point I almost became homless. I definitely would have done much better financially had I worked for someone else, however, what I learned was invaluable, and applying the knowledge over the years, has paid for the hardship many times over, I have no regrets at all.
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 🎉
It’s been almost three years since I started gaining knowledge to become an entrepreneur. Since then, I see people who aimlessly drift through life with very different eyes.
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.
Items you use a lot: If you use something every day, it's worth investing in a higher-quality version that will last longer and function better. This could be your shoes, mattress, or even your work bag. example a good iron or air fryer or even good clothing
I've been foolish and this video woke me up. I've been cheap on myself, and it's affecting even my sleep. The result has been an absolute productivity killer. Time to adjust and refocus.
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
I always remember hearing someone say don't skimp on anything that goes between you and the ground. That's shoes, your bed, a good office chair and car tyres. Seemed pretty good advice to me.
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?
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!
Also another way to look at retirement savings is setting up a taxable account to hedge against job loss or soft lay offs. They happen SO often in the USA you need your fu money, your retirement accounts can double as your fu money giving you extra time to find the right job or find opportunities rather than having to get some job RIGHT NOW.
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."
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.
Paying yourself first is so important. I transfer money into my higher interest accounts every Monday. The money is put aside for an emergency and some put aside to invest. 💷
I purchased term life insurance, 20 years, but I do not have a family, so, many people ask me "Why did you buy it? Why do you care what happens after you die?" It's hard to explain why. I just do not want my death go to waste. My extended family would benefit. If I do not die and I live a long life, I'm the big winner!
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
Also, buying something that’s proper and more expensive (even though it might be more than you “need” or that you “have money for” in the moment) is gonna save you money in the longer term.
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
I figured out that investing in a good bed and even better mattress with quality duvet and pillows really make a difference to my sleep and the mood I wake up in.
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.
actually its just revelation of time running out and then u suddenly see: u will die in next few years, and want to live peacefully without any burden/ that moment, and the next all changes and modifications u do. is u CHANGED/UPGRADED FOREVER
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...
Hi Nischa, love your content, it's so inspiring and helpful. Any sound advice for a person to start saving/investing money after losing most of their savings be it in investment or any other life situations? Thank you!
“A wedding is like an IPO”. That made me laugh so hard. What came to my mind when you said that, was me selling shares of my potential wife / sharing her, with all my closest friends and family. But I get your point. My mind just did a brain fart that’s all.
Dont cheap out on things that if it does not work properly, will endager you or others. For example, i got into a Motorbike crash a few days ago, but damage to me was minimal, since i had a quality carbon fiber helmet, Bike had dual ABS that slowed me a lot more and speed of impact was low speed.
I agree with you, we have a saying: we are toooooo poor to buy cheap things. That is why all my tools are expensive and last me decades. Every piece of tech in my house is long lasting, no subsription based stuff. Yes, I do have a YT Premium and a Tidal HIFI subscrition and it is enough. I never spend more than $200 on a phone and never felt the need to do it. But my Internet router is $600 and it does things easy to automate my house. Do I have piece of mind? Not really, I always look into more tech and knowledge but I never regret spending on something, when I do.
Every piece of tech you buy today for $500, you can buy tomorrow cheaper and better for only $200. They should not last for decades as they become obsolete in 2-3 years. I never buy expensive tech. I do not want to pay for R&D + branding. But I always buy stainless steel tools if there's such option.
In my opion its something that is under safety and security for you and your loved ones. But tires and brakes on any wheeled thing you ride or drive, buy ones as good or better than came with your vehicle. They will save you from injury, lawsuit, and expensive accidents.
Watch my FREE Masterclass 'Four-Step Routine to Financial Freedom' nischa.me/wealthmasterclass
It doesn't allowed to register, make it easy to register
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
Cool user name
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.
That’s great
That is wise, and smart! 👌🏼
also, no point inviting a sh*t load of people we barely know. Coworkers of friends, and friends of coworkers, high school friends of the wife and the devil's grandmother.
I’m really scared or rather, incredibly uncomfortable outside and in weddings especially…don’t know how I’ll get married💀💀💀
exactly, a wedding isn't like a small birthday party. people I know have taken out huge loans just for the wedding. weddings are the biggest rip off
Agree. In terms of physical items I would add shoes and mattress - always worth paying for better quality.
I would add a good bicycle, will make you want to go out and will benefit your overall health, especially in the long run
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 😊
This
Very true
What's the point of having kids if they're just gonna fly away and forget you?
@@jollyjames30?? They’re saying ready to move out and live adult lives. That doesn’t mean forgetting you.
True 💯
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!
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.
Yes, I bought blundstones and they have been wonderful
wait for stuff like that to go on sale.
then buy.
@@agfagaevart the sneakers and boots were on sale when I bought them
We love glamorizing effortless success, but success is never effortless. This shit is inspiring!!!
genious sentence!
Your shit words are also inspiring. 😅
it's kinda crazy how nobody's talking about the forbidden ebook called Secret Pathway to Triumph
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.
I love this!
We had a gorgeous, big wedding and I would do it again. I cherish those memories seeing my grandma dance, laugh and pray amongst all of our loved ones in one room despite battling dementia. She's no longer here with us but I have that happy memory with me for the rest of my life. This is priceless.
You’re creating so much value. I’m happy that i’ve discovered your channel.
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
Agree - keep great relationships until our hair is gray ❤
When intelligence, wisdom ... and beauty come together, it produces a remarkable result. Thank you for this presentation.
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. 🌟
As usual, precise & to the point
find balance between investing and enjoying life. you never know when will your last day.
Yes, that's true.
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.
As an ICU nurse seeing unexpected deaths of seemingly "healthy" and average people, this is so true. Find the sweet spot. Don't focus entirely on saving for the future!
Time wealthy is better than finaxlially wealthy
Far to many very wealthy people spend far to much of their life “ working “
A comfortable bed and a quality pair of shoes......because you're always in one or the other!
Me, hanging out barefoot at a beach;
Nope.
shoes are crap. Your feet need freedom
@@shto4782 Grow a pair!
I'm without shoes more and more... feels much healthier and freer. 😊
Ah yes, knowledge that is from the far distant past, before sofas evolved
- Accelerating Knowledge
- Milestone memories
- The Golden Triangle of Health
- Tools with Diminishing returns
- Safety and Security
- Hiring Professionals
- Retirement Savings
Birth control.....do NOT skimp on birth control.
LMAO 😂😂
Sad story about this. Had a friend's sister who was on birth control. Her mom wouldn't take her to get a prescription refill because she was hyper religious and didn't agree with it. The girl then went to an online doctor who prescribed her with cheap stuff (somehow without parental consent). She collapsed at school due a blood clot in her lungs, fell into a coma, and eventually died... almost $2 million in hospital bills later. DONT SKIMP ON BIRTH CONTROL OR DOCTOR.
@@procyon.lotor4was she a smoker? It’s not a matter of cheap birth control. Blood clots are a known side effect of artificial birth control. Risk is increased by smoking. Natural Family Planning is free and has no negative health effects.
@JewelBlueIbanez no, but she used an online doctor so that's more what I'm getting at. Don't use sketchy doctors that prescribed sketchy meds. It was one from an Instagram ad.
Vote blue or republicans are going to ban birth control. 🗳️🗳️🗳️🗳️🗳️
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😊
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
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
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!
Another thing you should never skimp on: priceless financial advice from Nischa! Thanks for all the effort you put into your videos 😊
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.
Never skimp on footwear. After cheaping out on a new pair of shoes for work, I learned that the dull (and sometimes sharp) discomfort in your feet by the end of the day is enough to spend more on something that will be comfortable and durable in the long run.
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 😁
Agreed! Little things that brings you small daily doses of happiness should not be skimped on 😊
You are very beautiful creation of this universe !
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.
3:50 Buy once, cry once.
1. Accelerating finances
2. Milestone memories
3.golden triangle health
4.tools diminishing returns
5.safety and security
6.hiring professionals
7.retirement savings
thanks - saved me8 minutes
Thank you
You guys are missing all the details though
It's knowledge not finances on #1 😂
I don't know how this ended up in my recommended list but you ABSOLUTELY NAILED THIS.
I've come to learn the hard way about most of these I wish I had known earlier. But I'm also happy because better late than never. And thanks for an insightful video!
As someone who lost their wife to breast cancer I can say that the only thing i cherish from our wedding is our time together on that day. All the friends and family were great, but not important in “the end”. And in the end, our small wedding of 100 people could have been just us on a beach with a couple of witnesses. As Dr. Seuss said “You never know that value of a moment until it becomes a memory”. So yes, spend the money on vacations and on quality time together!!
Thanks for sharing your knowledge on a variety of issues. It is appreciated
What helped me, in terms of accelerated learning, was starting up my own business when I was in my mid 20's. I'll tell you it was extremely hard, I went broke a couple of times, at one point I almost became homless. I definitely would have done much better financially had I worked for someone else, however, what I learned was invaluable, and applying the knowledge over the years, has paid for the hardship many times over, I have no regrets at all.
The way you used wedding as an example at " Milestone Memories" , made me rethink about how i looked at it before. Thanks
Absolute gem. 100% agree
She’s about to get married.
😂
😂😂😂
Lucky guy.
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 🎉
Nischa, I admire your dedication, brilliant !!!
Revux's team is top-notch. Expecting big developments soon!
Thanks Nischa 🧡
It’s been almost three years since I started gaining knowledge to become an entrepreneur. Since then, I see people who aimlessly drift through life with very different eyes.
This is true value Nischa! Thank you so much for your content
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.
Items you use a lot: If you use something every day, it's worth investing in a higher-quality version that will last longer and function better. This could be your shoes, mattress, or even your work bag. example a good iron or air fryer or even good clothing
i thought the lighting was extra nice this video!
Loved this episode. I learn so much from your videos
In general, if you can't afford to buy what you want, buy less, but buy quality. This can be applied to preferred areas.
Thank you for sharing your insightful wisdom!
I've been foolish and this video woke me up. I've been cheap on myself, and it's affecting even my sleep. The result has been an absolute productivity killer. Time to adjust and refocus.
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
Drop your skincare routine please!
I always remember hearing someone say don't skimp on anything that goes between you and the ground. That's shoes, your bed, a good office chair and car tyres. Seemed pretty good advice to me.
Thanks for mentioning the Spanish,,,proud of speaking it by nature :D
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?
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.
Underrated youtuber. Thank you Nischa
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!
Thank you. Nice summary of good advice. I'm glad I've subscribed.
Also another way to look at retirement savings is setting up a taxable account to hedge against job loss or soft lay offs. They happen SO often in the USA you need your fu money, your retirement accounts can double as your fu money giving you extra time to find the right job or find opportunities rather than having to get some job RIGHT NOW.
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."
Good stuff Nischa, good reminders
💯 - also, shoes and a bed because when you’re not in one you’re in the other.
Excellent video, wisdom and advice, thank you.
Excellent sharing - thanks
Guilty pleasures < 3 Making memories is everything
I'd love to be so well-articulate as you are🥹❤ I love your videos so much! Really informative!🥺
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.
Happy belated Birthday! And thanks for sharing your knowledge with the community, its been helpful!
Paying yourself first is so important. I transfer money into my higher interest accounts every Monday. The money is put aside for an emergency and some put aside to invest. 💷
I purchased term life insurance, 20 years, but I do not have a family, so, many people ask me "Why did you buy it? Why do you care what happens after you die?"
It's hard to explain why. I just do not want my death go to waste. My extended family would benefit.
If I do not die and I live a long life, I'm the big winner!
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
Excellent advice, I follow similar principles which are priceless.
Okay i love you! Thanks for all these videos!!! 🙏🙌
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
― Albert Einstein
👏👏👏👏👏💯
Thank you Nischa for these great tips😊
Also, buying something that’s proper and more expensive (even though it might be more than you “need” or that you “have money for” in the moment) is gonna save you money in the longer term.
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
Excellent advice!
I figured out that investing in a good bed and even better mattress with quality duvet and pillows really make a difference to my sleep and the mood I wake up in.
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.
Good advice, Nischa!
actually its just revelation of time running out and then u suddenly see: u will die in next few years, and want to live peacefully without any burden/
that moment, and the next all changes and modifications u do. is u CHANGED/UPGRADED FOREVER
Early starting is the best way to make money and savings.
I've heard people say "what luck" and they said NO HARD WORK
Happy belated birthday!!!
And a belated happy new year 😉
Most underrated creator ❤ dropping truth bombs back to back......
Live your life.....stop listening to podcasters and social media who act like they know the answers to life
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...
Hi Nischa, love your content, it's so inspiring and helpful. Any sound advice for a person to start saving/investing money after losing most of their savings be it in investment or any other life situations? Thank you!
Audrey Lauren is my guide
“A wedding is like an IPO”. That made me laugh so hard. What came to my mind when you said that, was me selling shares of my potential wife / sharing her, with all my closest friends and family.
But I get your point. My mind just did a brain fart that’s all.
Great video. Learning so much from you. Thank you for sharing.
Dont cheap out on things that if it does not work properly, will endager you or others. For example, i got into a Motorbike crash a few days ago, but damage to me was minimal, since i had a quality carbon fiber helmet, Bike had dual ABS that slowed me a lot more and speed of impact was low speed.
I agree with you, we have a saying: we are toooooo poor to buy cheap things. That is why all my tools are expensive and last me decades. Every piece of tech in my house is long lasting, no subsription based stuff. Yes, I do have a YT Premium and a Tidal HIFI subscrition and it is enough. I never spend more than $200 on a phone and never felt the need to do it. But my Internet router is $600 and it does things easy to automate my house. Do I have piece of mind? Not really, I always look into more tech and knowledge but I never regret spending on something, when I do.
Every piece of tech you buy today for $500, you can buy tomorrow cheaper and better for only $200. They should not last for decades as they become obsolete in 2-3 years.
I never buy expensive tech. I do not want to pay for R&D + branding. But I always buy stainless steel tools if there's such option.
In my opion its something that is under safety and security for you and your loved ones. But tires and brakes on any wheeled thing you ride or drive, buy ones as good or better than came with your vehicle. They will save you from injury, lawsuit, and expensive accidents.
I'm never skimping out on hiring a mechanic and purchasing a vehicle ever again... this for a good period caused me lots of stress.
All valuable advice Nischa ! especially hiring professionals................
Always good content Nischa….however I would add that up to 70% of weddings not only cost a lot of money, but actually end up in divorce.