Money Truths School Didn't Teach You

In this video, I share 7 important money lessons that are not taught at school

MY FAVOURITE STUFF:

PRODUCTS I USE & BOOKS I READ:

KEEP IN TOUCH:

TIMESTAMPS:
00:00 Lesson 1. Money is tied to a value
01:30 Lesson 2. Your own viewpoint
02:33 Lesson 3. Budgeting is freedom
03:44 Lesson 4. Assets first
04:55 Lesson 5. Choose your career wisely
05:55 Lesson 6. How to save money on taxes
07:27 Lesson 7. Why investing is important

🧡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!

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[Peter-]

I am 68 and the one money thing my mum taught me in my teens was budgeting. I have had a personal budget ever since, and this allows me to know exactly where I am financially. I rarely borrow money, rather I save for what I want; I have also been investing for many, many years. I am passing this on to my children. Your advice on budgeting is probably the most important in your list.

[GoblinsAreAGirlsBestFriend]

There is no right or wrong, but now and then I just like to note when I hear mentions of 9-to-5 that I love my 9-to-5. I thoroughly enjoy my work, the company gives me great work/life balance, my bosses completely trust me and value my input, and after about 5 years of hard work they promoted me to a well paying job that I didn't even have formal credentials for. I know not everyone loves a 9-to-5 but particularly influencers often express it to an extent and I just like to counterbalance it. It also can be great and have great upsides.

[helloserenityco]

Your point about budgeting giving your more financial freedom is so true. Since I started budgeting I feel less guilty about paying for the things I enjoy because I know for a fact that I can afford it since it was planned in advance.

[meetandinspire]

1. Money is tied to value.
2. Develop your own point of view.
3. Budgeting is freedom.
4. Spend on assets before liabilities.
5. Your career is your number one money-making tool.
6. Learn how to save money on taxes.
7. Understand why investing is important.

[patmanrick]

I watched some of your first videos and thought that you did a great job with clean and simple production, succinct and solid content, well presented, and what seems like a short while later you're at 1m subs!! Congratulations

[jayb]

I will be 70 this year and have learned so much from you. Thank you x Never too old to learn :)

[gracechriston]

What school failed to teach me is dont scroll in social media, reduce screen time use your time for your personal growth and you will become successful.

[GarySaini]

Really needed to hear that budgeting part. Thank you for that, Nischa!

[karebear]

The your not meant to love your job comment was originally made to make a point to people that not everything is fun and games and sometimes you need to suck it up and do the work in front of you.

That is very different from staying in a job that makes you feel miserable, emotionally damaged and drained.

Loving your job makes a huge difference in the attitude you bring to work. A smile makes the difference between a good day or a bad day.

[EcomCarl]

Spot on about the relationship between value creation and earning potential! Remember, it's also crucial to regularly audit personal and business finances to ensure alignment with your financial goals and values. 💡

[danspaniel]

Your explanations are so clear and o the point.Budgeting is the key and when yr taught when yr Young it’s ingrained into you but look what you can get in the end.

[LearnGermanwithMarzipanfrau]

Do what you love is the best advice. Work does not feel like work if you enjoy it most of the time. <3

[ld]

Good morning Nischa. Thank you for more great content. You are beauty, knowlege and my blessing from across the pond. Larry, Central Valley, Ca USA

[denzilme]

Hey Nischa...Thanks for all your valuable videos...have watched almost 8 of it

[DominicQuintanilla]

Education is crucial. Hard work alone does not = higher pay or success.

[TomT-hd]

Awesome video. I would suggest that # 7 Compounding Interest is critical to wealth building think it would be great for you to do an entire video showing details on how it works and the benefits of it for your younger followers who can really benefit from it and understanding its power.

[amaan-aaa-]

I've only realised No. 1 in the last year and felt the same way you did. Realising how important giving value is has reshaped where I want to go with my career.

[angusz_]

School gives us a great base of knowledge, but many things are missed along the way 🤷‍♂️ thankfully we have great YouTube channels to learn from in our time!

[StalwartPersonaYT]

Beautiful content as always, thank you for inspiring us every day to keep going.

[Duncan]

Financial education isn't something schools miss by accident. If everyone knew how to make their money work for them tax efficiently we'd all be retiring early. There would be a smaller workforce, less revenue from tax, less money for public services etc.