Use 65-20-15 Money Rule

Apply the 65-20-15 rule: 65% on essentials, 20% on fun, 15% to savings/investments.
Adjust the percentages if living paycheck to paycheck; start saving even if small amounts.

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Phil Quist

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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