My 6-step Payday Routine. Full guide 👆

[@jenna8445]

Women talk about financial freedom, but few share practical steps. That’s why I love Girl Boss Hustle: Earn 10k From Home. Straight to the point and life-changing.

[@valeriaVPV]

I stop at 1. My salary does not cover all of my monthly obligations

[@unicornsarereal8484]

Yep! I hear you. I also stop at 1! And this is when I pay the absolute necessary. Rent, council tax, water and electricity bills.

[@SRD1281]

Get a new job then.

[@lllee3476]

@@SRD1281I like my current job and don’t want to tip over my harmonious life excluding my finances.

[@SEANPOL203]

Leaving beyond your means is a recipe for disaster, trust me. Stop 🛑 it asap

[@sheunfa7215]

Me too. I literally pause and opened the comment section as soon as she finished no. 1

[@l.h8249]

My relationship with money has not been great. Once I find a job, I'll try this steps. You're awesome for this. Thank you.

[@so.many.obstacles]

Let me rework this statement for you. “My relationship with money is great. I implement these steps on my job.” Write this down on paper with the start date of your new job. I lost my job in banking in 2008 and was unemployed and underemployed for five years. I worked low paying jobs and did odd jobs to survive. I applied for a job that I really wanted and was denied. I applied for another role at the same company. This time, I wrote down the name of the role and when I was going to start working. Long story I started on that day and have been with the company for 11 years. Speak as though you have what you want.

[@carolharper4401]

@@so.many.obstaclesThis is so true!!💯 I do this!!

[@lilianasaba9846]

I hope you found a job and are implementing these steps.

[@jonathandeassis1119]

“You can’t put a price on peace of mind” wise advice 😊

[@KatherineAsuncion]

I agree with clearing the debt. Unfortunately because my expenses are so high, I'm in a vicious cycle of making payments on my cards and using them to pay for groceries and other necessary expenses

[@NorvinSmith-iv7zl]

Then you need to find a way to make more money, even just temporarily, there's no way around that. Just a few months of overtime, weekend work etc could be enough.

[@matthewm9261]

Move into your car. Homeless shelters have too many criminals

[@KFontLab]

I completely understand this … I made a plan to reduce my overall expenses over the next 1-2 years to pay off my cards and 2 small personal loans. My car loan is getting pretty low so I threw that in there to pay off as well. It will take about 12-15 months (maybe less), so I am renting out my home to help pay things off faster.

[@Apocalypse4162]

Get a second job, or even a third one. Free time and relaxation is a luxury you can't really afford right now and you should take action to climb out of the hole. Do it for a year and you'll be shocked at how much you have saved. I did it myself, 1 full time job and a part time job and managed to save up about 13k in just under a year that I'll put toward a decent used vehicle, a pc, Xmas money and emergency funds for 2 months so far. Seek out creative ways to lower your expenses too, go out of your comfort zone if you need to. Its all temporary for a better future. The power is in your hands, you can do it 💪🏻

[@dynasty5618]

You may want to Consolidate your cards....they have services for this....

[@louisholland3057]

My rent alone is 50%

[@surindersingh724]

Move bro.

[@abbieC88]

​@@surindersingh724 where? Cost of living is crazy all over the U.S. You sound ridiculous

[@surindersingh724]

@@abbieC88 Lame excuse. Cost of living is insane in more or less the entire Western world just now. But I refuse to believe someone with a job (or the capabilities of getting a job) can't move somewhere that doesn't take up 50% of their monthly paycheque.

[@prabhutrdchary]

After I pay off the mortgage, car loan, insurance and bills. I am left with $ 4, thanks Turdeau!! So where can I save? 😢

[@deesticco1719]

Sadly! Yes! Totally empathetic!

[@angeldeschain0]

I was reading my journal. Three years ago, I was broke, and I didn't realize it at the time. Fast-forward to today; I'm debt-free, and even if I lost my job, I have a financial cushion that would allow me peace of mind for several years. My point is that a lot can change in just six months, but you must be patient. The thing is, time flies by, both for the good and the bad.

[@AnkurPassi90]

What did you do?

[@angeldeschain0]

@ free lancing, teaching Spanish from home. Leaving way below my meanings.

[@mamalon2014]

These numbers work when you make around 80k to 100k per year.

[@Hasheemdev]

fr my broke ass stop at no.1

[@De5tr0yer]

@@Hasheemdev 😂

[@andziagreen4922]

Yeah this is advice for someone who makes more than €400 a week

[@hanguyen-fm8xv]

I lived in the US before for 9 years. For 7 years, I lived on $2,000/ month and still had savings for 1.5-2 years later that I had no income bc I was working on my PhD dissertation. So no excuses.

[@jamessharpe2625]

​@@hanguyen-fm8xv There are plenty of reasons why this is not manageable. Don't compare your situation to others.

[@TheTickingClocks]

Once you understand wants vs. needs and master the discipline involved with those two things, you're on your way to financial freedom.

[@mckenzieshoaf3959]

My husband and I are working on step 5 and 6 simultaneously. Aka: we saved 3 months of expenses for emergencies then started investing in our IRAs. So far, so good! Now I just need to get my income up. So I decided to go back to school!

[@cafekath]

Such great advice! Thank you Nischa 🎉

[@Investingcoachw]

Best way I found to tackle this is by automating my paycheck to go out to the different accounts. That way I don’t have to think about it and know I’m covered

[@glacyneyla-lifestyle]

Net income: 1414 € Living costs: 1500+ € at the minimum 😅

[@sunrise7236]

How many pets you have ?

[@m77ast]

Wow.

[@andziagreen4922]

That's reality

[@GreatTaiwan]

How do u live then

[@Thamazgha-tamurth-enegh]

​@@GreatTaiwanThis person most likely lives in the EU. I'm going to take a wild guess and say Netherlands or Germany since both countries when citizens are around minimum wage or beneath it will get some financial help. This doesn't always have to be welfare but more like rent allowance, medical allowance etc. from the tax service but only if you apply for this type of help and they will decide if you need it or not. This may sound amazing to outsiders but most people who need it are either unemployed (for medical/disability or mental reasons) but despite getting this help still they will often struggle with groceries and other expenses. It's one of the most expensive european countries, only scandinavian, austria, luxemborg, zwitserland and sweden are more expensive. But because medical insurance is obligated by law at least in the Netherlands and groceries are ridiculous since the whole ukraine disaster. Since ursula the demon demands €50 billion on top of another €66 billion that the EU members already had to barf up for ukraine (by higher taxes).

[@ammazkhan7586]

This is genuinely great advice BUT. We are going through one of the worst cost-of-living crises the world has seen. We are 4 people in my household earning at least thrice the average income of our fellow average citizen. But we all still struggle due to ridiculous taxes, fuel prices, energy prices and more. Just my electricity bill now costs 20% of my income alone. I really need to do a thorough breakdown though.

[@spaz-tech]

Anyone notice her shirt might be on backwards? (Maybe a logo or brand on the front that she didn’t want on camera as a distraction)

[@navascrisis100]

Her her self was a distraction to me.Merely understood nothing

[@FinessingFinance2024]

😅😅😅

[@Jeremiah_NE]

had to watch it again, what seemed to be the shirt tag in the front distracted me from hitting pause at the proper spot to get the full list

[@SDMNKhan]

For people who's living cost does not cover the first point: Step 1: Pay your groceries etc. Step 2: Network more Step 3: Invest in yourself by expanding your skills. Step 4: Get pay raise.

[@benrichey2593]

How do you invest in yourself if your expenses don’t cover basic needs?

[@ednakrabapoly]

get pay raise lmao why didn't I think of that

[@nicholassmith7723]

@@benrichey2593 Plenty of free education sources. KZbin University

[@halfbakedproductions7887]

Step 3 is very difficult if you're already broke. You might not be able afford the learning materials. You might be working multiple jobs just to survive. You have zilch free time because you are still dealing with bullshit life admin like cleaning the house - that is 2-3 hours that could be spent studying. You might also just not have the time in your day and be completely exhausted. "Everyone has the same 24 hours" - no we don't.

[@0Demiyah0]

Just apply for the same job somewhere else. You can negotiate a 20% raise comparative to your current workplace.

[@13ikea]

I like that you said save 1 month of expenses instead of 1k

[@lj6079]

By the time I've paid my bills I have nothing left in the account

[@totit_t1445]

Then it means you're living beyond your means 😮

[@swaggery]

Yeah, the advice doesn't make much sense as general advice. She's saying it so the other rules make sense. Ideally you should save as much money possible without starving yourself. Like without travel I was able to get to about 55% savings myself.

[@Jess-T]

Your income is either too low or your outgoings are too high, or both. Car payments and debt repayments are on the guilty list.

[@nanengaputa3407]

Small amounts put aside adds up, even if it's only $5/week. Try it. Check her other video that shows you a breakdown of what she is talking about. She has a template to follow.

[@lj6079]

🤦

[@susanbrown8802]

The first financial person that suggested a realistic one month of savings, if you’re not used to the multiple month suggestion get totally overwhelming, start small.

[@garyaufmann7739]

Has anyone ever told you you are fuggin GORGEOUS?

[@anluxem7876]

You clearly haven’t seen many

[@cuvintepecontrasens]

I have a savings account, and I put all my salary there once it is in my account. I moved money only when I need to spend and usually exactly the amount I want.

[@victorial8764]

I’ve been doing that. It’s works really well 😊.

[@jeffandsherriefranzwa8970]

Thank you Nischa. Wisdom is priceless and foolishness is easy. You do great work.

[@mikereid-f5x]

Yes I agree with what your saying Nischa , very well said .

[@mdtapilatu]

I have no idea what she just said, but money no money having her kind of smile around would still make my day

[@ZeeWatcher1000]

I love this is UK centric

[@liambennett12]

Great points in this video! If anyone’s looking to dive deeper into creating a balanced portfolio, The Fortune Architect: Design Your Path to Wealth is a book I’ve found really practical and insightful

[@Manda_Mortgagecoach]

I hear you. All times are hard. This is definitely something to work towards. It’s a journey we just need to start by taking small steps.

[@Learnenglishwithfarrah]

Excellent advice as always!

[@drbharathi13]

Nischa, please educate people about investment - meaning Low risk index funds to high risk stock market. I did like most, did all 5 for years, but was never taught about easy and long term risk mitigation of investment- until this era of KZbin videos:

[@sunnahfitness]

Your videos have been a massive part of my mindset change towards finances. Thank you Also that tee looks banging on u 👌🏽

[@ifixeditmyself1926]

Thanks Nischa! 😊

[@irektaflinski5449]

Great advice 😅thank you!

[@ruthbhatti]

I think you don’t realize the inflation is so high in the state that I live in number one is where people normally stop. NYC is very expensive the essentials even if they were 60% of our income now our hundred percent. Which is why this rule doesn’t work anymore for most people in New York.

[@Exceldividends]

have you thought about living somewhere not so expensive?

[@veesvoyages]

Great advice!

[@albertoteng3851]

Watching from Australia. Thanks for sharing your knowledge. It's beneficial to some of us.

[@MoneyMasterclass101]

Great content!

[@chiaghislain3496]

I love you Nischa.. You’re always on point 👌🏾😸

[@olingperme9661]

Beauty with brain 👌👌 Thank you for your valuable advice 🙏

[@JSLoiro]

I wish I had met you earlier. That would make me more financial wise. Thanks for the time

[@SmileWithDrAl]

I love you! Thank you for all this info!

[@festivalslayers]

My new most favourite KZbin channel 🙌🔥

[@somtoo24]

Thank you for the update.

[@jasmineedana]

I typically unpack same day too😂 Hey boo!

[@noahbrewster8263]

Thank you!

[@sumanyadav-vl2qb]

Information is wealth - thnx you

[@garyprichard9788]

Right On ! Thank You !

[@issiewizzie]

great advice Mischa thanks

[@OneStroke_Medha]

3 years into the banking industry in Bangladesh has taught me you also need to invest at least 40-50% of your salary in schemes as early as you can. So that you can standardize your living expenses according to the disposable money you have.

[@mazbilly]

Hi, I needed some financial advice, I am 50 and still struggling with finances.

[@tajsingh7793]

She is the kind off accountant I need 🤣

[@Gadol_Adonai_196]

Luv your eyebrows 😻

[@davidleonard37]

Took your advice a while back. I have no credit cards, no car loans.. All gone. I have a good few months savings. I invest in my pension.. Tax free. A high interest investment fund and have never had as much and I'm only a few months in. Thanks again.

[@caramel799]

Great advice thanks 😊

[@BrainWasherMembrane]

1. Make sure to be born into a wealthy family.

[@ld5714]

Beauty, intelligence and I absolutely love her accent and listening to Nischa!!

[@MichaelWaisJr]

Dude, that’s not what this video is about.

[@mamalon2014]

I always hear the six months emergency fund that is about 18k in savings. Honestly, what percentage of normal people can put that money aside?

[@carrela1000]

You don't have to have that much immediately, it's something you can work up to. Just even having 1 month or 2 months saved up is more than most people have and would be a good reassurance that you can survive for at least 2 months on savings while looking for another job.

[@redlotuslove1]

Yeah if I had this kind of cash I'm using it as a down-payment on a house! Not stacking it for an emergency. Been trying for 10 years to save that kind of cash.

[@itsraining3000]

You are not expected to put 18k aside within one month. Secondly, I live in one of the countries with the highest income taxation world-wide and still manage to put aside some money, so why can't you?

[@itsraining3000]

@@redlotuslove1 If you are unable to accrue 18k within 10 years, you should work on your spending behaviour/job/management of finances, etc. It's a saving rate of 150 USD/month, which should be more than doable on most salaries, especially if you work with compound interest.

[@peterlam592]

Thank you for sharing this information with us.

[@Sprintingsands]

I graduated this year and I’ve calculated that my essential living expenses are 41% of my take home pay. Bring on the investments.

[@arjunkansara9054]

Love the new slightly relaxed hairstyle... :)

[@DriversFromHere]

1) Calculate Your Financial Baseline 2) Save One Month's Living Costs 3) Pay Off Debts Above 7% Interest 4) Maximize Workplace pension Match 5) Build Out Your Emergency Fund 6) Start Investing In Tax-free Accounts There u go

[@LeonTheeDon]

Nice video and all but that "you can't put a price on peace of mind" although you are putting extra money to the side for emergencies as explained is putting a price for your peace of mind... 😊

[@jamesdupree2414]

Beautiful and smart.. this is great advice

[@iSignsCo]

My personal opinion is that this really works no matter how much you make. (if the living cost is more than your income is time to take in consideration to lower it) is a really hard decision but is not for long is just the first step of you new come back.

[@DjinnWraith]

Nicha, should that 6 months essential costs "buffer" not be in a stocks and shares ISA (A stable tracker fund maybe?)

[@richardbrusca1164]

I'm blessed 🙌 I don't have to worry about this shit! I'll never spend it all 😮

[@Ingna]

Thank you 💛🙏🏽☀️

[@Jawdra57]

Hello . Do you do clients handling? I'm interested.

[@MonstaMunch101]

If you work in tech or any high pressure/high risk job, 1 month in savings is no where near enough. I have 3 months worth of costs on hand at any given time and an income protection insurance policy which I consider to be a necessity.

[@ALWResearchTeam]

Thank you :)

[@coraboswell3652]

Well done you - great information

[@madelaine3803]

We need more protection for pension against scammers who will abuse the confidence in the pension plan and leaving people stranded with nothing and depending on social security only.

[@silverkay-cx4iy]

That will help about 10% of people who dont max out just on the essentials

[@YTDZ77]

Yeah, she's presuming everyone has a very high income with nearly half of it available after your costs each month. Not applicable to the majority of people unfortunately.

[@RossKent-o6b]

@@YTDZ77 it's not assuming that, but how exactly is she meant to magic up savings ideas for low earners? Anyone who is struggling to make ends meet has my deepest sympathy, but if your initial problem is not earning enough - then you'll need to fix that first before anything else.

[@carrela1000]

​@@YTDZ77 She's not presuming anything. She's giving advice that people can use, If they can afford it. The only one presuming anything is you.

[@MindoverMoney1983]

Great video

[@sonikang1]

I would love to be able to contact you and get some personal advice if you have a moment 🙏

[@diceymaan]

If 60 % of your income isn't high enough to cover your necessary expenses, then that's the first step you need to fix. No investment adviser in the world can fix that issue, that's on you.

[@QuranSprouts]

Yh that aint happening.

[@tom24865]

Have you ever worked for a living?

[@diceymaan]

@@tom24865 Yup. Started as a 16-year-old and still continue today as a 37-year-old :D Have worked in everything from McDonald's to warehouse work, and construction, as well as later on as a Data Consultant and CEO. I come from a poor family. When I was a kid we got our clothes by digging through big garbage bags of clothes that were donated by different people. My financials used to be bad for years, years of debt from not learning the right way to spend money. But when I invested in my own knowledge, money followed.

[@BMWE-hm7uz]

​@tom24865 bro, I make 3k a month after tax, and have 2400 disposable a month. Like what's the issue? Don't worry, just keep blaming the system and not your own self worth

[@tom24865]

@@BMWE-hm7uz so you pay all your bills with 800? That seems unrealistic. Do have a support system? Generational wealth? Family connections. I'm just trying to understand.

[@Jamesaepp]

"Can't put a price on peace of mind." Actually - you can. That's exactly what you're doing.

[@mogadimetsosanele2285]

Building a six months emergency fund is so hard because when an emergency rises, it pushes me back. How can I save for it as quickly as possible?

[@QuackQuackBang]

My student loans (incuding postgrad) are both being paid back at 7.8%. I don't think i'll ever pay anywhere near to the full amount.

[@inspirationalstories130]

Good advice keep it up.

[@privatedeal]

With the ISA, can I buy Buy-To-Let house under a commercial company account?

[@NatalieCWilliams]

This is excellent advice BUT in reality, not possible for many people.

[@mojamoja3962]

@nischa, you are a gem

[@LeonMaughan-y4t]

Good advice😊

[@GodFamilyWorkGym]

What is the difference in the savings account in #1 for living expenses vs. #5 - the 3 to 6 months in an emergency fund? How do you see them as different, and what is the benefit of having both? Thank you much N!

[@Valerieinlovewithfashion]

Could you talk more about ISA?

[@TrueWealthFinancial]

Perfect!

[@T.Harry-cd1rk4hm3k]

Thank you very helpful!🩶

[@jadziyadax1073]

I agree, this only applies to a certain bracket of people. It would be sensitive for her to acknowledge that.

[@semilorebolanle4154]

You are so beautiful and you speak so well

[@jamesm568]

Remember, put $1,000 a month into your 401K when you are in your 20s because you have to have a million dollars to retire as you will not be able to retire on anything less. You cannot retire with less than a million dollars.

[@karynhilton6220]

That is not a fact

[@ObyRomii]

Thank you for your advice, will try doing it 😊😊

[@petercaine7495]

I haven't written a budget in my entire life and I have over $2 million in assets today.

[@Sinaloa-Scouser]

If an ISA stayed at 5% it would be a great option but this isn't the norm rate. It's predominantly only been around 1.2%, it's much better to invest in an index fund.

[@wayfinder81]

I was just thinking this as I watched the video. It's usually a bait and switch. Sign up with 5% but they can change it whenever and often drops within a short time of sign up.

[@DigitalSamTV]

Save 10% of your income into a safe high yielding interest investing option like the s&p 500.

[@NoahMukonda]

I will practice this steps

[@noahbrewster8263]

This does truly wotk

[@umrbunty]

Thank you, I am hooked on your videos, very informative

[@charlesopurum5278]

Thank you Nisha

[@Gabriel123.c]

Does it apply to people who are just starting a business or are self employed?

[@kiranwingelaar7009]

Good advice.