5 Mind Hacks I Use To Save More Money (that actually work!)

We are constantly bombarded with marketing messages on how we should be spending our money. In this video I uncover 5 ways you can take back control of your mind to keep more of what you make!

⌚️Timestamps:
00:00 - Intro
00:23 - Ignore Pay Rises
02:03 - Thinking in terms of Hours Worked
03:06 - Add an Emotional Attachment
04:53 - 7 Day Rule
06:14 - Listen to your own Narrative

MY FILMING EQUIPMENT:

KEEP IN TOUCH:

DISCLAIMERS & DISCLOSURES

This content is for education 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.

[susanwaterworth]

I love how you are opening people's eyes to how they are being manipulated into buying "things" that will not fulfill them and instead advocate saving/investing for experiences. Well done. Wishing you success in your disciplined quest for financial freedom.

[g.burney]

You advice is priceless. As I get older I realize it’s ( financial freedom) not about material things but rather about time. Time with your family, more then enough to live off of. Thank you for sharing your wisdom with the world 🌎.Your kindness shows through your presentation. You may not meet any of your followers in person but rest assure you have change the course of their future, what you are doing is not a vocation but rather a calling on your life. May God continue to bless you

[idamantashi]

I am in my 50, and I love this video. I have listened to it at least three times. I like luxury items. Love handbags and jewelry. However, I have learned to like saving as much as buying luxury. So, I have created an account for my luxury spending. It is fun to save first and then buy it. This way, you know for sure, this is what you really want.

[dondeebb]

My Apple Watch for sure, it constantly reminds me to move, stand, stay active. It keeps track of my steps, burned calories, ect. I Love it!

[deboraah]

Pay yourself first, that advice has honestly changed my mindset. I’ll definitely take on the advice of waiting 7 days before making a purchase x

[helenleft]

I am good at not buying things i dont need, but occasionally i feel the need or urge to buy something expensive or fancy. One thing i've found useful to satisfy these needs is to buy that item but after a few days return it 😄. This way i still get that good feeling but i recover my money after getting back to my senses lol

[prosperplay]

As a fellow chartered accountant ACCA I am so happy you are sharing this. For me I escape implusive buying by telling myself that I am building a future and this product is not helping me build financial freedom.

[xqhqvgj]

By watching your videos, I'm realizing I already have some good money habits! I just need to rework a few things and start saving. I want financial stability and a home.

[nikkijohnson]

I’m in the same house we purchased 8 years ago despite our household income almost doubling since and a fortunate “windfall” a few years ago. (Most of that went straight into an IRA, although perhaps I should’ve taken one fancy vacation. 😂 Experiences are important too.) I do walk across the street and look at houses double the cost of mine and remind myself: my financial freedom and security is more important than status. As you say in relation to emotion, for me, peace of mind around money is very important to me so that gets prioritized. Helping my son get through college debt free is another priory. Our AC broke last week and we replaced/repaired it immediately bc we have saved instead of spent over indulgently. My husband’s bonus will largely go straight into our savings. This is all valid financial advice. Thanks!

[slymzqn]

I work in marketing, and I can attest to my entire job being how to use psychology to get people to spend money. Knowing that this is what happening behind-the-scenes makes me very mindful about what's marketing / mind controlling me to get me to spend money. I think twice before urges to spend money, .

[macboogieland]

i'd only add one caveat to the 7 day rule, which is, to know in advance what one needs, and maybe wants.
although a super nieche area (music production), i've taken advantage of 24/48h sales plenty of times. but what gave me the condifence of knowing i wasn't just being sucked into a sale, was knowing i was getting something that has been on my "needs" list for a while and have been waiting for the right price, and i wasn't just buying whatever the next random sale is

[jonathandavies]

Nischa - Sharing your thoughts, knowledge, learnings on Personal Financial matters is so generous. You explain all subjects so clearly, logically and thoughtfully. Here in the UK, we have always lacked and denied our Children and adults basic Financial Literacy and the education in this arena that they deserve. Your videos should be obligatory at School. We need more honest and passionate educators like you on these highly important subject matters. Keep up the sterling work, and above all - Thank you.

[Valerieinlovewithfashion]

The 7 day rule is great! Implementing that straight away! Thank you!

[KevinHardeman]

I love the quote on spending your weekend to build a better life. Really gets me inspired, thank you!

[Godxela]

Found you at the right time in my life where I’m needing direction to be financial fit. Thank you!

[alkap]

Hello from Canada 🇨🇦- “Listen to your own narrative” is incredibly important. I’ve witnessed many people making purchases (expensive or otherwise) based on the idea that “they deserve it”. We ALL deserve “things” but to figure out what that “thing” is doing to satisfy your needs is key. The psychology behind purchasing is powerful. Great videos.

[jamilyakovacik]

Time spent wisely my way:
1. Education & Learning
2. Health
3. Financial freedom
Thank you, Nischa, for the great video 👍

[Journey_WithTheYankyeras]

Hey
We are from the USA and we love to watch your videos. Money management and intentionality towards financial freedom has been a key part of our this year. Thank you as always

[Bigtinycrawler]

So im 40, married and just 2 years into my first mortgage. I recently had a sort of mid life crisis and realised I have no savings and im drowning in other debts, so 3 weeks ago I began trying to educate myself while I'm at work. I'm a lorry driver so I can listen to clips and books while I drive for 5 - 10 hours a day. Through my journey I came across this channel and have binged listened to every episode in a few days.

As much as I have realised im seriously behind on a good plan and start, I also have taken huge amounts of advice on board and now have a 2 year plan to he debt free. And I have set goals after that to snowball all of these payments into savings and investments. Hopefully at that point I can research what to invest in better.

Honestly I hope you start a podcast twice a week and bring in your financial expert friends, colleagues etc and discuss things that will bring all of us slow learners into a brighter financial future.

You are incredibly easy to listen to and don't confuse non financially educated people like me, or overwhelm us so on behalf of everyone, thanks.

[karthikg]

What is your view on repaying mortgage earlier vs using those additional payments to invest in a stocks isa?