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

The Diary Of A CEO:

⬜️Join DOAC circle here - https://doaccircle.com/

⬜️Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook

⬜️The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt

⬜️The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb

⬜️Get email updates - https://bit.ly/diary-of-a-ceo-yt

⬜️Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb

Sponsors:

Stan Store - https://stevenbartlett.stan.store/

Fiverr - https://www.fiverr.com/diary with code DIARY for 10% off your first order

Intuit - https://www.intuit.com/expert-careers/?cid=aud_nativly_reach_us_expertnetwork-fy25_aw_hostread-diaryofceo-na-60s_broad_audio_1x1_intuit-gtm_na_na

Learn more about your ad choices. Visit megaphone.fm/adchoices

The Wonder of His Name, Episode 19