You’re not behind: Why everyone SEEMS to have more money than you

Watch this video to understand why it often appears that others have more money and financial success than you, and what to do about it

MY FAVOURITE STUFF:

PRODUCTS I USE & BOOKS I READ:

KEEP IN TOUCH:

TIMESTAMPS:
00:00 Why everyone seems to have more money than you
00:28 You're making upward comparisons
02:27 You don't know what you stand for
04:07 You aren't learning
06:02 You're forgetting the trade-offs
06:59 You're following the wrong C
08:08 You haven't focused on you for a while

🧡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.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!

*T&C's apply

[Joe-pxnt]

Focusing on personal joy really resonates with me. I retired at 55 with $250k, believing it would be enough, but rising healthcare costs and inflation have made it challenging. Even though each withdrawal affects my savings ability to grow through compounding interest, I wouldn't trade the freedom and joy I've found in retirement for anything. Looking back, I see how crucial it was to plan carefully

[SteveDutton-v]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

[business-advice-that-works]

I learned two lessons in life, long before I started on the path of entrepreneurship.

1st - If you can’t learn to be happy when you have a little, you’ll never be happy when you have more.

2nd - If you can’t learn to manage your money when you have little, you’ll never be able to manage your money when you have more.

Now I have a lot of money. I still drive the same “fix-it-and-it’s-free” car, I still live in the same apartment as I have for almost 5 years, and I prioritize time with my kids and my mental health.

The only things I spend money on are things that I truly enjoy, like a decent piano, a guitar and drum set for my kids, travel with them, and a cinema camera because I enjoy filming.

And you’re right, I don’t have the time to care what other people think…. And as time moves forward I’m less concerned with that too.

[pheebschen]

The thing I like about your approach is that you don’t put someone down in order to feel good about yourself. Everyone has their own journey and lane to strive on, just like driving in highways. Everyone exits the ‘highway’ with different destinations in mind, so no need to compare as much.

[sismachine]

Fun fact: 90% of people who have more money than you don't flaunt it on social media.

[RobDog-lv]

I've recently joined the millionaire club after years of saving & investing. I drive a 12 year old hail-dented car, still get around in jeans and sneakers -- I just don't feel any particular need to display wealth. There's a difference between being wealthy and looking wealthy...

[joanramsey]

The biggest investment in yourself is looking after your health. All the trinkets in life will mean nothing if you haven't the energy to enjoy them.
Nischa, you're so right about the appearance of wealth. I worked in a bank and saw how people were spending their money. It seemed that professional people were the most keen to out do each other and had maxxed out their overdraft facilities. All about ego in reality.

[Hillmanwinning]

Sad reality is most people have been living their lifestyle on low interest rates, now rates have become much higher, people are less likely to reduce their lifestyle...

[OHANA-Beach-Suites]

I’m very HAPPY! I’m a high school dropout, with ADHD, no meds, previous Special Education student, working 2 full time Security Officer jobs in Seattle at around 100 hours a week for many years! In that time, we’ve built our house with cash, bought a car with cash, and almost done building our Beach Resort Hotel in the Philippines with cash by paycheck by paycheck slowly building! I’m obsessed with finishing our dream! I’m very happy on this long journey! Everyone counted me out! Dreams come true! Blessed 🙏

[anthonyyoung]

I have learned to effectively fight Bright Shiny Object Syndrome--the desire to buy some expensive product--by waiting three or four days. Invariably, the desire to buy that product fades considerably and sometimes totally. The money I saved by not buying and is still in the bank is an emotional bonus.

[chinonsomichael]

I subscribed to this channel when it has 53k subscribers, wow she has over a million good job nisha

[mimicallsit]

That piece, "you don't know what you stand for." Well stated, I needed to hear that.

[johnkauppi]

I'm a man of 58. Semi retired at 46 since I made enough money from farming. I'm now a landlord or leaseor. I often wonder how I got to be so well off while others around me are struggling. I think my answer is I'm a saver and absolutely will not borrow money unless it pays for itself. A leased house pays for itself, a new tractor makes me money. I'm a simple man who enjoys simple things. Never bought a new car, never been on a cruise ship, never even bought takeaway coffee. I've noticed that the more money you make the more you spend. I'm happy spending little.

[brutuslongsword]

Collaboration over competition makes so much sense. To think of all the missed opportunities where I saw competition instead of collaboration. Well done Nischa

[qqqcalls]

I do Uber Eats in Los Angeles so I get a view at the wealth in the city. I understand some of the wealth I encounter, but I am always struck by how many people in their 20s are living in luxury apartments, driving fancy cars and partying very hard. Who are these people and how are they making their money?

[hunterandchavy]

I think practicing gratitude 🙏 has brought back to what’s really important. Thank you

[kevinortiz]

That last tip is very true i been saving saving saving for the past year that i haven’t bought myself anything that makes me happy until just recently i decided to buy myself a new pair of shoes and some clothes. I did not waste alot but it sure felt good

[shilpasapra]

OMG!!! In this video you are saying out loud my recent experiences, observations and thoughts. I stepped away from my 9-5 job at the beginning of the year and now I am creating my own business and loving the process. However, I went to my first networking event last week and at the end, all the fellow networkers were driving away in top of the range fancy cars and there was me in what felt like the "Flintstones" My first thought was "Where am I going wrong" but then I realised that I am just starting out so I just got curious as to how they built up their businesses. THANK YOU for your amazing content, you take the finance phobia away for me 🌟🙏🏼🙏🏼

[Benjaminarmstrong]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[robertsmith]

My markers of wealth is i have my health, my family has their health, my pets have their health and relatives have their health. Also a nice marker of wealth is I own two homes paid off, a new Tesla paid off and fully retired. I dont care about impressing anybody, I am on the top of humanity for sure!