ACCOUNTANT EXPLAINS: 5 PROVEN ways to SAVE Money

Research papers referenced:
If Money Doesn't Make You Happy Then You Probably Aren't Spending It

MY FAVOURITE STUFF:

00:00 - Intro
00:46 - "Things" have a happiness cap
03:14 - Changing your narrative
05:31 - Turn saving into a habit
06:33 - Different focal points
07:51 - Free 3-day Making Money Workshop

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!

[Zm]

I love spending on experiences rather than on excessive clothes or shoes until I realise I have nothing decent to wear to work or to workout. Great video as usual.

[danielkaniowski]

First tip was actually game changing for me. I stopped buying pointless tech items and clothes, and within under a year I cleared any credit card debt and saved half my deposit

[hoverauto]

I definitely believe in spending on experiences rather than material things. However, I also believe that if a material thing genuinely makes your life easier and more efficient then it’s worth the buy.

[abhitoshghongade]

I do following
1 use public transport mostly.
2 always plan my future purchases
3 Spend on good food habits and a hobby i have
4 Save rest of my income.

[DeputyChiefWhip]

I've just been made redundant, I feel pretty gutted at the moment, but it's a good thing I've got an emergency fund, something I didn't think of doing until watching this channel, so thank you. 🙏

[GarySaini]

Saving with a purpose, or meaning, is the biggest game changer. Mindless savings is hard, and quite frankly, dumb. But once a purpose is attached, it’s a huge motivator! Def recommend!

[nmdruyd]

I like to invest in interior decoration because I actually pay attention to it every single day. I actively enjoy my home environment every single day. But the things I don't actively focus on every day aren't really that worthy of spending money on.

[literaturtee]

I've been basically binge watching your videos for the last two weeks. There are so many helpful tips, so much inspiration and motivation to finally deal with my finances in a more serious way. I really want to thank your for all the hard work you've put into them and for letting us learn from your experience and knowledge. You've built something special here!

[Mwesi]

Thanks for all the advise, your channel is starting to grow on me. I just finished lesson 5 of "Rich Dad, Poor Dad"

[anamicagauchan]

I am based in Nepal but have been loving your videos! It is so useful and simple to understand. Thank you for all these contents!

[samdroid]

I am guilty of spending more on objects rather than experiences but i love how you analysed it and made it clear how experiences can be better. I guess sometimes i am too pessemistic that I wont enjoy things so objects seem a safer bet but I need to work on that outlook.

[ianwhitworth]

I really like your videos and am trying to get my kids to watch them. I want them to have this knowledge at their age (18&15) unlike me who didn't have the same easy access to information at such an age. Thank you for spreading the word!

[enelrahcreivaj]

Meaning around the saving -- true! That's why I use this online bank that compartmentalizes which saving account is for what (e.g. household items, birthday gift for mother etc). Good advice, Nischa!

[markatchison]

I agree. One can add value to life by taking more holidays, rather than renewing ones car, for instance. Both involve spending money, but holidays enrich the soul. The mind always wants more & can't be satisfied.

[veesvoyages]

Great video! I agree with the happiness cap. Experiences over material things is so much better!

[Andrometamorphose]

I watch your videos almost every day, they're so inspiring and informative. Thank you for your work!

[helenhoier]

Nischa - your advice to pay yourself a percentage of your income first has been game changing for me. I'm using this method to overpay my mortgage so thanks very much! 😊

[vasilivanov]

Very well said, managing and saving money is more important than making them

[shannin]

I really admire the reasons you pointed out behind savings. Inspiring!

[candro]

There is a big caveat on buying things! It's referring to buying good quality tools that you can regularly or you can use them only once in a while. You see, there is a big difference between having 5 Prada bags or having a good set of wrenches.