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Finance Expert: The Truth About Buying a House and How Her 652510 Rule Built $200K in Passive Income!

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Jul 21, 2025

Guest

Nischa Shah

Nischa Shah, a personal finance expert and former investment banker, reveals insightful financial strategies with her 65-20-15 rule for passive income. She discusses why renting might be smarter than buying a home and challenges the myth that saving guarantees security. Listeners learn about the credit card trap costing them thousands, alongside beginner-friendly investing tips like index funds for early retirement. Shah empowers others to take control of their finances and build real wealth through smart spending and investing.

02:10:09

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Episode notes

00:00 / 00:00

Save One Month for Peace

Build a peace of mind fund by saving one month of your core living expenses for unexpected costs.
This fund reduces financial stress and puts you ahead of 59% of Americans and 30% of people in the UK.

00:00 / 00:00

Prioritize High Interest Debt

Pay off high-interest debts above 8% before investing or saving more money.
Rank debts by interest rate and focus extra payments on the highest rate first to stop financial bleeding.

00:00 / 00:00

Build Emergency Fund Cushion

Build an emergency buffer of 3 months' expenses if single or 6 months if supporting others.
This cushion protects against job loss or health issues and greatly improves emotional wellbeing.

Get the Snipd Podcast app to discover more snips from this episode

Building Financial Foundations

02:11 • 19min

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Contrasting Financial Paths: Choices and Consequences

20:43 • 11min

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Negotiating Pay and Advocating for Value

31:20 • 6min

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Rethinking Home Ownership: Wealth Building Alternatives

37:38 • 18min

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Investment Strategies and Personal Development in Finance

56:06 • 3min

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Mastering Personal Finance Foundations

58:49 • 17min

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Prenups and Passive Income Unpacked

01:16:18 • 6min

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From Passion to Profit: The Journey of Digital Creation

01:22:29 • 4min

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Intentional Time Management and AI in Finance

01:26:20 • 11min

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Understanding and Improving Your Credit Score

01:36:58 • 3min

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Navigating Finances at Every Stage

01:39:37 • 7min

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Pursuing Passions Beyond Constraints

01:46:52 • 19min

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Living Authentically and Empowering Financial Understanding

02:06:14 • 5min

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#328

• Mentioned in 48 episodes

The Richest Man in Babylon

George Clason

This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation. Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline. The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds. Key principles include paying yourself first, living within your means, and making money work for you through wise investments. Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.

#12

• Mentioned in 282 episodes

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money.

#17

• Mentioned in 235 episodes

Think and Grow Rich

Napoleon Hill

Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.

Renting is smarter than buying?!

Personal Finance Expert Nischa Shah breaks down the 65-20-15 hack to making money, why saving for a house might RUIN your path to financial freedom, and how to build REAL wealth through passive income, smart money habits, and beginner-friendly investing strategies.

Nischa Shah is a qualified accountant and ex-investment banker who walked away from a 6-figure career to teach millions how to take control of their money. She’s the creator of the fast-growing YouTube channel ‘Nischa’ with over 1 million subscribers, where she breaks down debt, saving, and investing.

She explains:

◻️The 65-20-15 money framework that generates passive income without a job.

◻️How to invest in index funds and retire early with compound interest.

◻️Why your job might be making you poorer every day.

◻️The dangerous lie about “saving = security” and what to do instead.

◻️Why the credit card trap is costing you thousands without you realising.

00:00 Intro

02:28 My Mission to Spread Actionable Money Tips

04:28 Trauma and the Link to Money Attachment Styles

08:34 The 4 Steps to Take Control of Your Finances

11:58 Paying Your Debts

13:55 The Emergency Financial Buffer We All Need

15:07 What to Do With Saved Money

17:09 Do These 3 Things Before Investing

20:00 Why You Should Save for Retirement

22:56 Spending Money for External Validation

27:36 What to Invest In

31:09 How to Get a Salary Raise

37:07 Is Buying a House a Good Investment?

44:44 What Is Opportunity Cost?

48:54 Should You Split Your Investments?

53:42 What Does Nisha's Portfolio Look Like?

56:40 Ads

57:31 The Best Book to Learn About Finance

01:01:15 Should I Buy or Lease a Car?

01:04:35 Should We Sacrifice Some of Our Enjoyments?

01:07:30 What's the Best Way to Track Your Numbers?

01:11:12 The Role of Money in Relationships

01:16:18 What Is Passive Income and How to Get It

01:21:59 Ads

01:23:48 Making Millions With YouTube

01:29:41 Doing Your Finances With AI

01:36:28 The Importance of Your Credit Score

01:45:20 What Would You Not Spend Money On?

01:48:52 My Dad's Words Changed Me

01:57:57 I Felt So Much Pain During My Career

02:01:21 Your Hardest Day

Follow Nischa:

YouTube - https://bit.ly/4kHiVMl

Instagram - https://bit.ly/3Ui6eNd

💡You can find out more about Nischa’s ‘Intentional Spending Tracker’, here: https://bit.ly/3GR5gEC

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