Nischa Shah: They’re Lying To You About Buying a House! My 652510 Rule Built $200K Passive Income!

Do you like these types of convos? If so please hit the like button on the vid – that’s the best way to vote for more like this ❤ also, would be doing me a big favour if you could subscribe – its free 🙏🏾🥲appreciate you – SB!

Wonderful interview!

Her advices are useless in America

Steven taking notes!
To give to a friend I'm sure 😊

What a wonderful interview 😊

6 months emergency fund and no credit card is the best finanical advice. Do not spend what you don't have.

Being a father of six daughters, I have to say I really appreciate this young woman. What an inspiration and what a wonderful human being. Thank you for your knowledge and caring. Great episode!!!!!!!!

I would like to point out that in the US your 401k or 403b is not always automatically invested. So everyone please check to make sure the funds being contributed are invested!!

Don’t forget rent will also increase and you have to ask yourself if you’re 80 years old will you be able to pay higher rent and possibly even higher afterwards.

Buy a £500k house with £50k down, leveraged with a mortgage. Sell house at 550, gross return 100% ??

He should stick to social media

Ini keren banget

I must be sad since i always update a spreadsheet every month 😂

On the flip side, it has opened my eyes to the fact i can increase savings percentage, and monitor the amount I’m spending on luxury purchases like takeaways

Can you do an episode on ethical investment, how to do this while respecting Indigenous land sovereignty, avoiding gas and oil, weapons and exploitation? Thanks.

47:28 thank you for discussing the value of investment in relationships vs opportunity cost and perceived future loss of not investing that same money. Some things are worth paying the price now.

I don’t think I’ll live until 70 to get my retirement, not really an investment option. And with the gov raising retirement age plus tax god knows what else they introduced in future

Subscribed! Love your show.

What are her suggestions for increasing your income if you're self-employed or in the arts?

This video hit soooo hard! I'm a new fan of this incredible and inspiring woman. So many insights literally breaking our personal stigma around money, our self made restrictive thoughts. This is a very special person and professional.❤

I think the message that is portrayed here is:
If you have enough money to buy a house, you should instead rent and invest that money which will earn you money.
But most people can't even get the deposit for a house let alone buy it outright.

Let me just say this,
The average person earning around £30k a year. If i was to rent somewhere like a flat in bristol uk, it would be around £1,600pm. A mortgage on a small apartment would be around £1,200pm.
This is £400 cheaper to mortgage than renting.
Mortgage will eventually go down with time, but rent will only increase with no stability.
Renting when you are on the bottom of the ladder is a trap.
It used to be a stepping stone to getting a house, where you could rent somewhere and it was cheaper then a mortgage, until you had a deposit to get a house. But now rent is more than the mortgage monthly.
Only mortgage requires the initial deposit.

Omg I just love her 👏🏼

She could quit her corporate role since she probably made a decent amount, brought a couple of flats or property, and has decent investments, so she is smart

Hi Steve, can you pls provide me information how to invest in Australia for our retirement and for kids future pls.

It’s an interesting interview and emotional too started with crying and completed with crying too 😅

In 40 years 5k it’s not a lot is it 😬
I rather buy lunch for my team as who knows if I’m going to live that long 😯
I rather do a good deed 😏

🙏💋💋💋💋🕴

I really like her. I believe in what she speaks to. What we are going to experience within the next 5 yrs is a possible Flash Crash again of the stock market. Whether we think we have enough security or not, imo. I'm confident in the stock market but also nervous because of this. What does anyone else think?

46:56 This opportunity cost concept is very deep

No one gives a shit about that woman and her career, she is supposed to have children.

Thank you so much

I don't watch much you tube stuff, but it was real treat to see two of my favourite YouTube people, have a conversation with each other…
Cheers

Great chat. I want to point out you may have missed a consideration on your opportunity cost of your coworkers’ lunch. The future $5,000 value must be discounted back to the present by the time value of money rate you are using. So, the team lunch really cost you much less than $5,000.

This podcast has a lot of great information for people to follow to improve their financial situation over time.

The maths on that deposit to return is shocking, the property has gone up 10% ~£50k, her £50k deposit is now equal to £100k equity (£50k deposit plus £50k property value increase – ignoring the equity paid off as that could have been invested as per her argument), therefore she’s seen a 100% return on her £50k investment, it’s not 10% and only a £5k return as Steven suggested

Thank you Steven for sharing this video and thank Nischa for being open and transparent. I’m new in learning about financial freedom and I’ve seen Nisha’s videos. Great information.❤

So if people don't buy a house, what will happen when they retire? How will they pay rent when they aren't earning the same amount? I really don't understand what these renters do then or where they go??

Steve, 96.34% of us, non-subscribers have chosen this path willingly, knowingly, freely, swimmingly. We enjoy typing. We relish in the impromptu search. We thrive in our secure detachment. Please respect us.

Thank you 😊😊

This video has completely transformed my understanding!

so where is the place you can put your money without it getting ripped off over and over and over?

It is very, very clear that you spend more money when you spend by credit card. You buy more stuff and waste more food. Points and benefits don’t put you in the black. But hey, they gave you $27 cash back!

Thank you @nischa, for sharing this basic teaching, but so hard to practice!

She's saying the same good old basic rules I've learned on Youtube from everyone else around 2015.

And financial literacy saved me 2015-2022, brought good peace of mind, and I thought I'm on the top of the game.
I had a safety cushion of 3+ years, lived on less than 50% of my monthly income (highly adviseable, it was brilliant!), never spent big penny for flashy things, my mind was so calm because I had those big safety cushions.

But all financial literacy still fly out of the window when you have war in your country, when I not just lost a job, but we had a good 3rd of proffessions obliterated and I'm income-less for 3+ years and all my safety cushions are slowly gone and I'm not able to find any income that's bigger that the minimal food expense to not starve yourself. And God knows, I tried my best to find newer and newer ways to get at least ANY income!

So the moral is – there's always those 10-20% of life hat we can not control.

Yet do more safety cushions than you think peeps!
Just in case you don't just lose a job but your whole country gets into madness you've not expected.

I ❤ NISCHA❤❤❤✨️✨️💕💕