7 Things You Should NEVER Skimp On

[@nischa]

Watch my FREE Masterclass 'Four-Step Routine to Financial Freedom' nischa.me/wealthmasterclass

[@gobenanegassa2028]

It doesn't allowed to register, make it easy to register

[@YourOwnSelf]

1. Accelerating knowledge (invest time, effort and money) 2. Milestone memories 3. Golden triangle of health (sleep, nutrition and movement) 4. Tools that have a diminishing return 5. Safety & security (e.g. insurance) 6. Hiring professionals 7. Retirement savings

[@Shadowselfreal]

Cool user name

[@rosaliereyes7352]

We didn’t have a wedding because, aside from being introverts, preps also cost a lot of time and energy - a lot of effort for just one day of your life. So instead, we took multiple vacations and made multiple lasting memories. And we still had a lot left to pay for the downpayment of a house.

[@barmy_irooni]

That’s great

[@saurabhkesharwani6143]

That is wise, and smart! 👌🏼

[@theguynextdoor4978]

also, no point inviting a sh*t load of people we barely know. Coworkers of friends, and friends of coworkers, high school friends of the wife and the devil's grandmother.

[@Saymriy]

I’m really scared or rather, incredibly uncomfortable outside and in weddings especially…don’t know how I’ll get married💀💀💀

[@nepalihercules]

exactly, a wedding isn't like a small birthday party. people I know have taken out huge loans just for the wedding. weddings are the biggest rip off

[@joannereynolds69]

Never skip the opportunity to spend quality time with your children - they grow up so fast and before you know it they are ready to fly the nest 😊

[@voodoo1988]

This

[@pawpawmark1872]

Very true

[@jollyjames30]

What's the point of having kids if they're just gonna fly away and forget you?

[@EjayT06]

@@jollyjames30?? They’re saying ready to move out and live adult lives. That doesn’t mean forgetting you.

[@robienillosistoso628]

True 💯

[@teevans8370]

Agree. In terms of physical items I would add shoes and mattress - always worth paying for better quality.

[@kobrapelle]

I would add a good bicycle, will make you want to go out and will benefit your overall health, especially in the long run

[@laurabellereads]

I don’t skimp out on a good pair of shoes that I’ll wear everyday or hiking boots! I bought a $150 pair of sneakers 3 months ago that I wear all day everyday. I wear them for work because I have a very active job where I need to jump, run, climb etc and I wear them for my gym classes in the evenings. Owned them for 3 months and barely any wear and tear yet. The $10 shoes I used to buy would only last me a month! The new ones also support my feet so much better than cheap ones. The hiking boots I have, I bought them 4 years ago for $200 and they’ve saved me from sprained/twisted ankles so many times. Good shoes I reckon is a good investment for your health and well-being.

[@lavonnealexander6936]

Yes, I bought blundstones and they have been wonderful

[@agfagaevart]

wait for stuff like that to go on sale. then buy.

[@laurabellereads]

@@agfagaevart the sneakers and boots were on sale when I bought them

[@DeepakRavindranTheTechno]

I always celebrate my birthdays in a big way. It doesn't mean I splurge money on useless things, I do adventurous stuff to remember the day more. My birthday was a few weeks ago and I went for shark diving; the previous year, I did the Sydney Harbour bridge climbing. These memories will stay with me for life!

[@SalimAhamad-wc2ox]

it's kinda crazy how nobody's talking about the forbidden ebook called Secret Pathway to Triumph

[@danielsowa8209]

We love glamorizing effortless success, but success is never effortless. This shit is inspiring!!!

[@marketacomorkova9944]

genious sentence!

[@chetanlexus1077]

Your shit words are also inspiring. 😅

[@shuycg]

Lasting memories also means going on vacations. It can be a meaningful weekend, long weekends that allow extra travelling time.. Even the occasional short workday that leaves room for an exceptional work-week activity.

[@FineNaturalHairROCKS]

I love this!

[@adityapratama1891]

find balance between investing and enjoying life. you never know when will your last day.

[@LearnGermanwithMarzipanfrau]

Yes, that's true.

[@dboynette]

Agree. Time is the most valuable commodity. The journey to achievements creates the memories and self esteem. Get the balance right and money will follow.

[@W001-k8f]

As an ICU nurse seeing unexpected deaths of seemingly "healthy" and average people, this is so true. Find the sweet spot. Don't focus entirely on saving for the future!

[@boyasaka]

Time wealthy is better than finaxlially wealthy Far to many very wealthy people spend far to much of their life “ working “

[@neiljennings8822]

I 100% agree with your 7 Nischa - thank you. I would like to add an 8th, more important than all of your 7 added together. Personal friendships, be it your partner, family and friends. One biggest regret of end of life people is letting old friendships evaporate over time. Life is just miserable spent alone. This is a real life investment. Keep the vids coming

[@robienillosistoso628]

Agree - keep great relationships until our hair is gray ❤

[@fahadbhutta3164]

- Accelerating Knowledge - Milestone memories - The Golden Triangle of Health - Tools with Diminishing returns - Safety and Security - Hiring Professionals - Retirement Savings

[@FineNaturalHairROCKS]

We had a gorgeous, big wedding and I would do it again. I cherish those memories seeing my grandma dance, laugh and pray amongst all of our loved ones in one room despite battling dementia. She's no longer here with us but I have that happy memory with me for the rest of my life. This is priceless.

[@EcomCarl]

Absolutely agree on the importance of investing in milestone memories and personal growth! Prioritizing experiences and quality relationships over material possessions truly leads to a more fulfilling life. 🌟

[@richjs1]

A comfortable bed and a quality pair of shoes......because you're always in one or the other!

[@d.s.151]

Me, hanging out barefoot at a beach; Nope.

[@shto4782]

shoes are crap. Your feet need freedom

[@richjs1]

@@shto4782 Grow a pair!

[@lindabervoets1361]

I'm without shoes more and more... feels much healthier and freer. 😊

[@petersimpson633]

Ah yes, knowledge that is from the far distant past, before sofas evolved

[@korgond]

You’re creating so much value. I’m happy that i’ve discovered your channel.

[@mlmt2521]

When intelligence, wisdom ... and beauty come together, it produces a remarkable result. Thank you for this presentation.

[@lja1993]

Never skimp on footwear. After cheaping out on a new pair of shoes for work, I learned that the dull (and sometimes sharp) discomfort in your feet by the end of the day is enough to spend more on something that will be comfortable and durable in the long run.

[@Harry-Cardboard]

Birth control.....do NOT skimp on birth control.

[@LaitoChen]

LMAO 😂😂

[@procyon.lotor4]

Sad story about this. Had a friend's sister who was on birth control. Her mom wouldn't take her to get a prescription refill because she was hyper religious and didn't agree with it. The girl then went to an online doctor who prescribed her with cheap stuff (somehow without parental consent). She collapsed at school due a blood clot in her lungs, fell into a coma, and eventually died... almost $2 million in hospital bills later. DONT SKIMP ON BIRTH CONTROL OR DOCTOR.

[@JewelBlueIbanez]

@@procyon.lotor4was she a smoker? It’s not a matter of cheap birth control. Blood clots are a known side effect of artificial birth control. Risk is increased by smoking. Natural Family Planning is free and has no negative health effects.

[@procyon.lotor4]

@JewelBlueIbanez no, but she used an online doctor so that's more what I'm getting at. Don't use sketchy doctors that prescribed sketchy meds. It was one from an Instagram ad.

[@MrTavis1]

Vote blue or republicans are going to ban birth control. 🗳️🗳️🗳️🗳️🗳️

[@ofivecento]

I don't scrimp on hotels when traveling. I used to be a Motel 6 kinda guy, but that extra 40-50 dollars makes up for it with the quality of sleep you are able to get

[@steveblog1]

Other things I have learned not to skimp on: Toilet paper Coffee Any brown sauce other than HP Cheap trainers (running shoes/sneakers, etc) Arguably not as important as Nischa's advice to be sure, but trust me 😁

[@zoelee8471]

Agreed! Little things that brings you small daily doses of happiness should not be skimped on 😊

[@vijayshah4880]

As usual, precise & to the point

[@sharon-bp9pk]

Another thing you should never skimp on: priceless financial advice from Nischa! Thanks for all the effort you put into your videos 😊

[@mikeflair6800]

Your maturing is obvious in this video. You will continue to mature as time goes on. Some are better than others. IMO, you are a role model of a 'successful person', in many regards. You have a unique ability to motivate others. Nice to meet you!

[@hansanaik3835]

Belated Happy Birthday! Totally agree with everything you have said in today's video except may be milestone memories. I prefer to keep that small. I usually gain knowledge when I join classes. I can never buy a book and read it on my own as I lose the motivation to read after the first couple of days. Using a real estate agent when buying or selling property, using an accountant when taxes get complicated, gym membership, living somewhat close to work (paying high rent, high property price) so that commuting to work is not stressful, buying high quality items for everyday use such as clothes, shoes, furniture and appliances are some of the things that I have done. The only regret that I have is not saving for retirement seriously in my 20s and 30s.

[@suji2bizzy340]

1. Accelerating finances 2. Milestone memories 3.golden triangle health 4.tools diminishing returns 5.safety and security 6.hiring professionals 7.retirement savings

[@DaKoolDude]

thanks - saved me8 minutes

[@robienillosistoso628]

Thank you

[@lilspnce49]

You guys are missing all the details though

[@almaortega9261]

It's knowledge not finances on #1 😂

[@dealman3312]

6:00 a raid 1 mirrored NAS for your important data. If one drive fails, no problem, swap in a new drive, the array rebuilds itself, no data loss. So many people go through life with a single hard drive point of failure and suffer the consequences when it fails

[@growth_with_nick]

Just wanna say I appreciate the insight as well as the wonderful graphics overlayed on top of the video to drive the points home visually. Appreciate what you do - keep it up😊

[@khrys_maxwell]

As someone who lost their wife to breast cancer I can say that the only thing i cherish from our wedding is our time together on that day. All the friends and family were great, but not important in “the end”. And in the end, our small wedding of 100 people could have been just us on a beach with a couple of witnesses. As Dr. Seuss said “You never know that value of a moment until it becomes a memory”. So yes, spend the money on vacations and on quality time together!!

[@Gabriel123.c]

I am so happy that I subscribed to your Chanel. You teach so much more than I thought I knew about finances and investment planning.

[@AbdulRahmanNoor]

I don't know how this ended up in my recommended list but you ABSOLUTELY NAILED THIS. I've come to learn the hard way about most of these I wish I had known earlier. But I'm also happy because better late than never. And thanks for an insightful video!

[@geekinasuit8333]

What helped me, in terms of accelerated learning, was starting up my own business when I was in my mid 20's. I'll tell you it was extremely hard, I went broke a couple of times, at one point I almost became homless. I definitely would have done much better financially had I worked for someone else, however, what I learned was invaluable, and applying the knowledge over the years, has paid for the hardship many times over, I have no regrets at all.

[@sadguru1969]

You are very beautiful creation of this universe !

[@victorcretu7741]

I purchased term life insurance, 20 years, but I do not have a family, so, many people ask me "Why did you buy it? Why do you care what happens after you die?" It's hard to explain why. I just do not want my death go to waste. My extended family would benefit. If I do not die and I live a long life, I'm the big winner!

[@MuzixMaker]

3:50 Buy once, cry once.

[@patmanrick]

Usually agree with almost everything you say, but I disagree on the safety and security one. I don't think it's about just thinking how you would feel of the worst we're to happen (because if you follow that logic to the conclusion you would just spend like crazy on all kinds of insurance type products), it's about weighing the cost, probability and how you feel. Unless you are likely to have an emotional reaction to something then if you can comfortably afford to do so, generally it's best to self insure. Why let the insurer capture that margin?

[@azeemhoosain4004]

Items you use a lot: If you use something every day, it's worth investing in a higher-quality version that will last longer and function better. This could be your shoes, mattress, or even your work bag. example a good iron or air fryer or even good clothing

[@NoName-jq7tj]

She’s about to get married.

[@shivashishchamoli5136]

😂

[@DavidKabs]

😂😂😂

[@USS_Daedalus]

It’s been almost three years since I started gaining knowledge to become an entrepreneur. Since then, I see people who aimlessly drift through life with very different eyes.

[@Mackcolak-xf5bk]

Here are the key takeaways from the video "7 Things You Should NEVER Skimp On": 1. Accelerating knowledge - Invest in gaining knowledge and skills, whether through books, apps, classes or tutors. Paying for expertise can accelerate your growth. 2. Milestone memories - Spend money to celebrate and create lasting memories for major milestones like birthdays, weddings, graduations. These memories are invaluable. 3. Health trifecta - Don't skimp on sleep, nutrition and movement/exercise as they vastly improve all areas of life. 4. Upgrade tools - As you grow, invest in better tools to support your progress when basic tools are no longer sufficient. 5. Safety and security - Pay for insurance, safekeeping of valuables etc. The peace of mind is priceless. 6. Hire professionals - Hire experts in fields like law, taxes, training as their knowledge saves time and money long-term. 7. Retirement savings - Start investing for retirement early to leverage compound growth over time. Pay yourself first. The overarching message is to thoughtfully invest in personal growth, health, asset protection and compounding for the future - as the long-term benefits far outweigh any short-term savings.

[@dwr1611]

Live your life.....stop listening to podcasters and social media who act like they know the answers to life

[@hraith]

I've been foolish and this video woke me up. I've been cheap on myself, and it's affecting even my sleep. The result has been an absolute productivity killer. Time to adjust and refocus.

[@suryanarayanan2012]

In general, if you can't afford to buy what you want, buy less, but buy quality. This can be applied to preferred areas.

[@ronpearson1912]

Also another way to look at retirement savings is setting up a taxable account to hedge against job loss or soft lay offs. They happen SO often in the USA you need your fu money, your retirement accounts can double as your fu money giving you extra time to find the right job or find opportunities rather than having to get some job RIGHT NOW.

[@EFFCtoocool]

I always remember hearing someone say don't skimp on anything that goes between you and the ground. That's shoes, your bed, a good office chair and car tyres. Seemed pretty good advice to me.

[@johnnybarnes2120]

Thanks for sharing your knowledge on a variety of issues. It is appreciated

[@mcleananderson4948]

Agree on all except for the wedding. You don't need to spend a ton of money to get everyone together. Overall it's a waste imo unless you're truly rich.

[@gdixonfitness]

“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” ― Albert Einstein

[@clutchandbagpack]

The way you used wedding as an example at " Milestone Memories" , made me rethink about how i looked at it before. Thanks

[@lumslifestyle]

Thank you for all these reminders !! Only celebrated my birthday twice as a kid and decided to celebrate it this year. And now earring what you said about celebrating milestone makes me want to enjoy it even more 🎉

[@Ravi-kasshyap63]

Revux's team is top-notch. Expecting big developments soon!

[@SuspiciousAra]

I agree with you, we have a saying: we are toooooo poor to buy cheap things. That is why all my tools are expensive and last me decades. Every piece of tech in my house is long lasting, no subsription based stuff. Yes, I do have a YT Premium and a Tidal HIFI subscrition and it is enough. I never spend more than $200 on a phone and never felt the need to do it. But my Internet router is $600 and it does things easy to automate my house. Do I have piece of mind? Not really, I always look into more tech and knowledge but I never regret spending on something, when I do.

[@victorcretu7741]

Every piece of tech you buy today for $500, you can buy tomorrow cheaper and better for only $200. They should not last for decades as they become obsolete in 2-3 years. I never buy expensive tech. I do not want to pay for R&D + branding. But I always buy stainless steel tools if there's such option.

[@N8daGr81991]

Guilty pleasures < 3 Making memories is everything

[@lydiahoey1591]

Absolutely agree with investing in health - diet, sleep and movement. Considering we spend almost a third of our lives in bed, we seem to neglect looking after our sleep. After a lot of consideration, me and my partner bought a new expensive and super quality mattress and it has changed our lives. Waking up feeling refreshed and ready to start the day makes a world of difference in physical and mental health and productivity - a well worth investment!

[@robwaz1547]

Just enjoy every day, for tomorrow is not a guarantee , for sure plan for the future but don’t ever forget to take time an look around at the moment you are going through now. Happy belated birthday 💐🍾 till next time

[@ianinkster2261]

I am often baffled by how unobvious these things are to other people. I live in a cottage in Scotland with a career in London -- you wouldn't know to look at me if I were rich or poor. Live like Bilbo Baggins -- richest man in town with a nice home, but understated, doesn't look flashy or unattainable. And gets in plenty of adventure in retirement,

[@qillqiggins294]

When it comes to a wedding just rent a field or venue and have a party ,don't mention its for a wedding and celebrate and just go to a registery etc... so much cheaper

[@adamwoolf9993]

💯 - also, shoes and a bed because when you’re not in one you’re in the other.

[@andrewah15]

Paying yourself first is so important. I transfer money into my higher interest accounts every Monday. The money is put aside for an emergency and some put aside to invest. 💷

[@akshaymore1991]

actually its just revelation of time running out and then u suddenly see: u will die in next few years, and want to live peacefully without any burden/ that moment, and the next all changes and modifications u do. is u CHANGED/UPGRADED FOREVER

[@DrBilly90210]

Red Adair puts out oil well fires for a living and has some great quotes regarding the topic of this video: "If you think hiring professionals is expensive, try hiring an amateur." "You can have it fast, you can have it good, you can have it cheap. Pick any two."

[@krobbins5302]

Would a new car be considered under safety and security? I kept an old Volvo rather than upgrading to a new car and had the car stall out on the freeway. I was terrified I was going to die all to save money I had on a new car. I cringe at financial experts saying a used 10+-year-old car that costs 8K in the US is a safe option. My old Volvo was worth 12K and it wasn't safe to drive. No old, unsafe cars for me.

[@keithhoward6123]

I've heard people say "what luck" and they said NO HARD WORK

[@Carla369]

Thanks for mentioning the Spanish,,,proud of speaking it by nature :D

[@TheStoryTeller-r6o]

Wedding is basically spending money for others happiness. It's a huge waste of money. I would rather spend that money on a honeymoon. However, totally agree with sending money on mental and physical health and wellbeing.

[@sajaldebnath2593]

Early starting is the best way to make money and savings.

[@Residentevilfan1989]

One of your vidoes really really helped me. I am so glad I found you. I found you by accident, but I am forever grateful and forever changed by it.

[@atawoo2]

In my opion its something that is under safety and security for you and your loved ones. But tires and brakes on any wheeled thing you ride or drive, buy ones as good or better than came with your vehicle. They will save you from injury, lawsuit, and expensive accidents.

[@curiousobserver_369]

Nischa, I admire your dedication, brilliant !!!

[@No29999]

Also, buying something that’s proper and more expensive (even though it might be more than you “need” or that you “have money for” in the moment) is gonna save you money in the longer term.

[@maxrussoDesign]

This is true value Nischa! Thank you so much for your content

[@grownmantravels]

Always good content Nischa….however I would add that up to 70% of weddings not only cost a lot of money, but actually end up in divorce.

[@Eteraz]

Loved this episode. I learn so much from your videos

[@bharathirajkumar]

Dont cheap out on things that if it does not work properly, will endager you or others. For example, i got into a Motorbike crash a few days ago, but damage to me was minimal, since i had a quality carbon fiber helmet, Bike had dual ABS that slowed me a lot more and speed of impact was low speed.

[@oogaboogas001]

i thought the lighting was extra nice this video!

[@tincustefanlucian7495]

Some people are naturally good at something. For example at speaking some are natural speakers: have you seen that some babies are very fluent at speaking at 10 months, I saw that with baby girls and others mostly boys are not speaking by the age 3-4 years when they go at kinder garden. Some people are born with high visual capabilities while others struggle really hard. Some people are naturally good at orientation in space, like boys and others like most of women really struggle hard and have bad results. There are some natural tendencies and you notice them on people when they have less than 4 years.

[@kapoyong]

Drop your skincare routine please!

[@elaynecheu3464]

Thank you for sharing your insightful wisdom!

[@PaulMCH]

I'm never skimping out on hiring a mechanic and purchasing a vehicle ever again... this for a good period caused me lots of stress.

[@MercyoverJudgemnt]

She’s beautiful and knowledgeable

[@AlanHaywood]

Thank you. Nice summary of good advice. I'm glad I've subscribed.

[@ash231974]

Excellent sharing - thanks

[@simonbrampton]

I was very cynical about the wedding, but we also came to conclusion that it would be the only time ever that all our friends and family would be in the same place. That was the priority. BUT, we also saved a lot of money by getting a civil wedding and getting married in the community centre of my father in law's village and getting a decent price on catering from the local restaurant. I hired the tux. Focus on people and fun and not on very expensive one-off self indulgent whims...

[@godwinyoh3700]

Absolute gem. 100% agree

[@Mr-S.C.]

Shoes, skincare, quality clothes, special occasions(i.e Birthday), holidays, a good camera + lens (you'll see the difference), brokers & stock market analysts (no cowboys), pension providers, your children's education, bed and mattress, car tyres (no second hand jobs).

[@lovepeace_goodvibez]

If weddings were IPO, study says 45 Americans will end up opening two to 3 IPO's in their lifetime. Might rethink this one on the list.

[@surpriserakins9067]

@Nischa, I usually agree with you completely but I think you have a couple of things wrong. Firstly there is very little correlation between health and spending money. Good nutrition, physical exercise don't cost an arm and a leg and those who don't have good health is generally down to lifestyle issues rather than poverty. In your reference to safety and security, all the examples you referred to were about insurance. Insurance doesn't make you safer or more secure, it simply compensates you financially for your loss. I'm sure that few people insure everything so that will simply be a judgement call about risk.

[@ryanstringer]

I figured out that investing in a good bed and even better mattress with quality duvet and pillows really make a difference to my sleep and the mood I wake up in.

[@kentkjrgaardjensen4304]

How you discribe a wedding is more how you want it to be, but not really how it it. In reality probably not everyone you care about are able to attend and of the many people who do attend you don't have time to really talk to everyone at one evening unless you want a very stressful day.

[@konradzio8]

I'm not sure if the method you gave for assessing your insurance needs wouldn't actually work against you. There's a cognitive bias described by Daniel Kahneman in his book "Thinking, Fast and Slow" that we tend to think that certain things are more likely to happen the easier it is to come up with examples of it happening. Also, he found out in his research that people often tend to overestimate marginal risks. More, we are willing to pay more to have as you said peace of mind, to be sure that we're 100% covered, even if the chances are really low. And insurance companies thrive on this. So I think it might be better to actually look up statistics and then based on that and your individual situation decide whether it's a good idea to get insured on something, rather than making a purely emotional decision. Didn't want to criticize on what you said, just wanted to add this insight, as it was bewildering for me to learn, how easy it is to fall for these fallacies, how many different cognitive biases there are, and the impact they have on our decisions.

[@mr.grumpygrumpy2035]

1. Shoes 2. Underwear 3. Socks 4. Bed 5. Food 6. Tires 7. Dishwasher

[@lunacatfish]

Excellent video, wisdom and advice, thank you.

[@luckymeat3050]

Real-brand Cornflakes and Weetabix. So much regret trying the cheaper brands... I need a hug.

[@joarvatnaland6904]

If you have a car, do not skimp on tires, they are the only thing keeping your car on the road, and don't skimp on oil if your engine needs that. And in your kitchen, also don't skimp on the oil. Buy quality extra virgin olive oil, there is a lot of bad oil being sold and it will harm your health.

[@markprothero2666]

“A wedding is like an IPO”. That made me laugh so hard. What came to my mind when you said that, was me selling shares of my potential wife / sharing her, with all my closest friends and family. But I get your point. My mind just did a brain fart that’s all.

[@rayzerot]

Spending money on proper sleep and proper nutrition WILL save you on healthcare expenses long term and it WILL allow you to maximize your income from improved health and energy levels. Even at my lowest income I've never scrimped on fruits, vegetables, and whole foods

[@Clauds71]

Thanks Nischa 🧡

[@moitse_]

I'd love to be so well-articulate as you are🥹❤ I love your videos so much! Really informative!🥺

[@Abdul_Rahman86]

Personal experience here. If there is a good quality certificate that will help you progress!!! Definitely go for it!!! Pay for it