How To Manage Your Money Like The 1%

Discover the easy '15/65/20 system' to manage your money like the top 1% and strike the perfect balance between saving, spending, and enjoying life.

MY FAVOURITE STUFF:

PRODUCTS I USE & BOOKS I READ:

KEEP IN TOUCH:

TIMESTAMPS:
00:00 Intro
00:25 What to do with 15% of your income
02:06 How and when you should invest
04:40 Do not miss this!
05:40 What to do with 65% of your income
09:20 What to do with 20% of your income

🧡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

[sirheisenberg]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[simimajmun]

thanks for the tips, I read the book on how to attract money and learned amazing techniques there

[DavidLucas-sorr]

Despite my best attempts to save money, contribute to early retirement, and become financially independent, the economy has sucked out a large portion of my assets since the epidemic. I want to know if I should continue to diversify my investments or if I should look into other industries during these erratic times.

[ilkka]

After about 1 year of improving my personal finances, largely with the help of this channel, I can confirm that saving 10-20% of my monthly income has made me much more relaxed. I recently had to undergo expensive dental operation. A year ago this would have ruined my finances, but today it's just "Damn, there goes most of my savings... but it will not ruin me, and anyway this is what I was saving for: unseen expenses."

[numua]

it's kinda crazy how nobody's talking about the forbidden ebook called Zyphura Money by Hunter Zypher

[DonaldMark-nese]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[MaximilianFischer]

Most of my $2m portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) but I want to explore different strategies for better growth with the current market, just here for ideas

[Gracejay-de]

Increasing tax rates are the reason I rolled over my 300k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or strategy to keep my retirement contributions on track to my $5m goal.

[BeingJones]

3 things that helped me and literally changed my life

1. I stopped watching porn
2. I read books on Borlest (for money)
3. Stop drinking

[theTeslaking]

I've learnt two things from billionaires: to diversify your investments and to constantly put your money to work. This year, I hope to make money investing roughly $88k of my savings in equities.

[justamanwithbeliefs]

I’d be retiring or working less in 5 years, curious to know how best people split their pay, how much of it goes into savings, spendings, and investments. I earn around $250k per year but nothing significant to show for it yet.

[NicholasBall]

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 $30k of my savings in stocks this year, and I hope I make profits.

[adityamadyson]

<<I'm glad you made this video, it reminds me of my transformation from a nobody to good home, $89k biweekly and a good daughter full of love..

[tubhuqx]

My wife and I have just over $10M, and we're in our late 50s. What I learned from Nischa's video is that we're not spending enough, although we spend around $20k a year on domestic and international trips. We love fine restaurants and travel! We don't own a lot of material things, just high-quality things used for our travels. We started saving AND aggressively investing in our mid-20s, about 40% of our compensation and never took our foot off the gas pedal of investing aggressively, through market lows and highs (just after the lows is when we made the most on our investments, just as Warren Buffet said we would do). Good luck everyone. Keep learning about finance, I still do even though we're quite comfortable because the "game" is fun.

[CHRISTIAN-MYERS]

Billionaires have taught me two things: to diversify your assets and to consistently invest your money. I want to invest about $88k of my savings in stocks this year in the hopes of making money.

[Sammytiny]

With a good investment plan that ensures steady income without any doubts I and my hubby are prepared for a well organized retirement. I started investing a year ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.

[risingsons]

This is a wonderful tutorial. I am 60 and started investing in a 401(k) in 1989. I have saved (and earned interest on that savings) to the point when I can retire today without worry. Had I not taken the steps prescribed in this video, I’d be much less prepared for life after career.

[Raniyanhunter]

I just turned 49 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 55. How best do I maximize my savings of over $500k

[tlangdon]

Having an emergnecy fund is great, but it's worth looking to see if you can also obtain some insurance for your income that would pay out if you were to fall sick. Having an emergency fund allows you to defers the point at which you would have to claim on this insurance, which makes it much more affordable. If you have children, both parents should have life insurance in case the other dies and one of you can't work as much due to childcare responsibilities.

[AdamLevcross]

" It's not about how much you make, it's about how you manage what you make." Truer words have never been said