Four-Step Routine to Financial Freedom. My advice

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Achieving financial freedom is not an unattainable dream. Here's my four-step guide to help you reach it
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TIMESTAMPS:
00:00 Intro
00:31 What is financial freedom to you?
01:46 Step 1. Track
03:52 Step 2. Save & repay
06:15 Step 3. Invest
08:06 Step 4. Manage
09:30 If you want to learn more
🧡DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!
*T&C's apply

[@nischa]

What does Financial Freedom mean to you? Let me know!👇 Download my free 'Wealth Cheatsheet' here: nischa.me/cheatsheet

[@gilberto3997]

FF to me is wake up in the morning without worrying for bills emergencies and so on....that's why I like listening to useful videos like yours. Thanks a lot for your help, regards from Italy

[@adekunleademoroti8190]

black looks good on u

[@Farmwald853]

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next Nvidia in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

[@SteveKalfman-yv7co]

I think the next big thing will be A.I. For enduring growth akin to Nvidia, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

[@SallyW414]

Facing a similar situation, I sought advice from an CFP. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.

[@JohnMatthew-hq3xs]

Your CFP must be really good, I hope it's okay to inquire if you're still collaborating with the same CFP and how I can get in touch with them?

[@SallyW414]

She goes by ‘’Vivian Jean Wilhelm’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@JohnMatthew-hq3xs]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@ApBurger3532]

9-5 money gives you fuel for the fire. Use it to buy cash-flowing assets that put money in your pocket every month. The predictable 9-5 income will allow you the freedom to explore different investment opportunities and see what works for you. Don't underestimate a salary.

[@game46632]

And don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!

[@thelooseseal]

I'm disabled and eager to work, but doctors won't allow it. I inherited $200,000, held by my sister in a bank. It's not earning interest, which seems unfair. I want to explore options for it- (stock market investing).

[@Lewyn298]

People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

[@Shirleypos]

How can i reach this person?

[@Lewyn298]

I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Kristin Amber Landis" for years and highly recommend her. See if she meets your criteria.

[@Khanbhai78685]

Congratulations, Abel Dorsey I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.

[@jajtiwari6128]

As a person and professional you couldn't get any better than Abel Dorsey Brandon is a very reliable person and an excellent professional in the IT field. He is the type of person you want to work that's passionate, hardworking and knowledgeable. You’re The Best 100%

[@funnyhome1234]

I did not believe that after the whole FTX drama there's any good to get this year but Abel Dorsey proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth

[@amanbhai3146]

The efficiency of this Abel Dorsey is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!

[@indaswanidp3480]

I'm literally overwhelmed, You are a blessing to the world. I can't thank you enough Abel Dorsey for helping me with my account recovery. My prayers will always be with you and your team. Keep it up guys. Love from Maldives. There are many people out there I pray everybody get help.

[@DharvmeerkumrDharvmeerkumr]

It's amazing what you do Abel Dorsey We need a lot of people with your skills and set who have good intentions and spread lo

[@tahirisaid2693]

I've been diligently working, saving, and investing towards financial freedom and early retirement. However, the economy's downturn since the pandemic has significantly eroded my portfolio. My question now is: Should I continue contributing to my portfolio in these unstable markets, or should I explore alternative sectors??

[@GeralynWinnifeld]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

[@MariettaDiane]

It's a little more complicated than a simple answer. You probably should reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.

[@user-gp6vy1ig4d]

You could easily find one if you look online, but it's not always easy to find a good way. I personaIIy work with Angela Lynn Schilling. You could look her up and try to reach her yourself.

[@user-gp6vy1ig4d]

Angela Lynn Schilling is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@ChristinHyzer]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@mrfarukarslan]

You are doing Amazing Nischa. Thank you for providing such great value to the community 👏

[@nischa]

Thanks for being here!

[@andrewgonzales4278]

Financial freedom to me is not needing to rely on my job

[@jordana.f.4422]

Absolutely this

[@Kevin-mk6jo]

What job? What is that?

[@d.s.151]

That's basically what the actual definition is..

[@andrewgonzales4278]

@@Kevin-mk6jo concrete mixer operator I'm in the union lol

[@alwaysMANDO]

Facts

[@katkenziedr]

Thank you so much Nischa! I have been watching you for the past one year and to say that my financial health has tremendously improved will be an understatement. I can confidently say that I know I will be wealthy, it is only a matter of time.. Lots of Love and Light from Nairobi, Kenya

[@nischa]

So happy to read this & for sure you will be Kat! Sending lots of love to Nairobi Xx

[@lalitvinayak3726]

This is a great video I really appreciate the dedication in each video you post, I learn a lot watching your videos and it has always been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to Abel Dorsey for improving my portfolio. keep up with the good videos.

[@tagbon]

My big regret is that I didnt find this sort of advice sooner. Although to be honest, I know that I wasn't ready for it / wouldnt have taken action. But in the last one year, I've managed to get my financial ship at least pointed in the right direction, thanks to easy-to-understand-and-implement advice like this. Thanks Nischa!

[@jollyjames30]

Can you make a downloadable sheet giving ideas on all the different ways and places for people to invest money? That'd be very useful for many who aren't too familiar with investing outside of rental properties.

[@Omar3551]

Good Job Nischa. Been following you I think since 4000 Subs. what a journey.

[@nischa]

Ah one of the originals!

[@celestetienne]

Don't know if you will read this but following you, I went from CC min payment to being able to pay it off in full every month & save 6 months emergency fund. Recently resigned due to change in values, and am able to take my time to find a job that I want without worrying. I could never do this 2 years ago so thank you!

[@ST-ff7pf]

Financial freedom to me means doing what I want, when I want, how I want, where I want, and with whom I want and feeling good about it. Great video @Nischa: clear and valuable information without the fluff. Thank you!

[@Yogeshkumar-no8yz]

Thank you so much Nischa for giving this! Its an eye opener, following your advices to achieve financial freedom. Great Job!😊

[@ld5714]

Financial freedom to me, mean being able to live my life as I wish and planned for, without worrying about available finances to do so. I have been blessed and very fortunate as I planned my retirement, which I began almost 13 years ago. I wish you were available to me along with all the content nowdays, when I was planning. Fortunately, I was always a life long learniner and interested in financial matters. You are doing valuable work and a needed service to all your followers. Continue producing this rich content as it will bring a lot of knowledge and benefit to those that listen, learn and actually do it. Have a great week Nischa. Larry, Central Valley, Ca USA

[@auwais21]

Have been waiting since your last episode. Thank you for posting.....

[@vh2712]

Awesome advice! Please keep the information coming. 🙏 Thank you!

[@ulloaleticia]

Thank you so much for your financial videos! Love them!

[@BetterMoneyTV]

I believe this is one of those things where paying off debt is the mathematically correct answer, but doesn’t work out in reality. In reality, the clock is ticking to the next crisis. Without emergency savings, most people will use a credit card to pay for a $500 unexpected bill. You don’t need a $5k in your emergency fund to start -try building it to $1k-$2k first. Next, I recommend building your vacation fund, to go on debt free vacations, get that set up as a monthly transfer. Then, tackle your credit cards. Hope that helps.

[@Elijah-Rios11]

Don't be afraid to repeat yourself every so often in your videos. This is my second time hearing about checking my finances every year, and I think I need to hear it a few more times for that message to sink in. Thank you!

[@Elijah-Rios11]

And thank you for the master class

[@EcomCarl]

Love the practical approach to achieving financial freedom outlined in this video! Tracking expenses, prioritizing debt repayment, and investing wisely are essential steps toward building a secure financial future. 💰

[@paulna85]

I missed you this Sunday ! Started binge watching old videos !!

[@controlledfinance]

You’re such an inspiration, I’m growing my finance channel and it’s already paying off

[@michaelr3025]

In the vast sea of financial literacy and growth channels, your videos are well balanced and clear. This one is a great example. Thanks for putting the time & energy to create it, it certainly is helpful for many.

[@DeclanHiggins-YoutubeChannel]

Thanks for your wisdom and insights Nisha very much appreciated.

[@ARP369]

Thank you Nischa, these are so important to create a stable life-style which so many youngsters are unaware of. I hope your videos will reach out to many. ❤️

[@dania4501]

Thank you for sharing the free cheat sheet. So helpful! I like the idea of saving for one month for emergencies and then pay off the credit card with highest interest.

[@kavisharma_]

Love the investing tip Nischa - especially on investing in yourself!

[@Therealmattchong]

Saw you on Mike Thurston’s podcast. So glad I found your channel!

[@veesvoyages]

Thank you as always for your advice!

[@pecelirovucago7149]

Financial freedom means that I am able to take care of myself in my later years of my life . Thanks Nischa.

[@RobertBeedle]

I wish i had half of what you have going on for my channel. You're killing it. 🎉

[@Jamiebmurray]

Clear and to the point. Sent to my kids!!

[@wildfoodietours6702]

Financial freedom is designing life on my terms.

[@AGameCoach]

Simple and strategic advice as always, well done

[@mikeconnell4067]

The most valuable lesson I learnt from yourself and other people like Mr Yang was pay yourself first! This was life changing!

[@themars5452]

Well done. We need more Information.Thank you .

[@dennyoviedo4102]

Like always just amazing info , thanks

[@d.s.151]

I thought financial freedom had a pretty well established definition already; the ability to cover all essential living expenses via passive income (interest, dividends, royalties). That way you can then invest all income from work into non-essentials - investments, holidays, personal development, education, hobbies, whatever. That's my financial goal anyway.

[@kiranp2325]

thank you... always make sense. ...

[@razwanahmed5758]

This is so good got me re-watching.

[@welcomelove3738]

You’re the BEST Nischa. Thank you for providing such quality, insightful yet succinct content. I look forth to your videos every week! And over the last year, your content has really helped me with my finances so thank you so much !!🎉

[@RizMathibedi]

I am no expert on Finances. However, I do come from a background of the lack thereof, and a point I learned is that there are many like me whose adulthood root from a negative mindset and a lack of understanding of the power of words, Taken back by some of the first languages that existed, freedom entails a definition related to "being free from/of" and in this case financial freedom gave people that were oppressed the impression that we must be free of money. I had come to terms in my 30"s that what I needed is Financial Security, Yes words matter , a great deal of us have learned that the way we use our words carry alot of weight in this regard.

[@mayac349]

Absolutely a life saver !

[@turbostyler]

I'm 40, its not too late for me, but it would have been better to start investing a lot more earlier for sure. Thats why I'm teaching my 4 year old the magic of compound interest. We collect soda cans at home and take them to a recycling robot that gives her money. Then we go into the shops and she spends a little of the money, but puts the rest into the bank of mum and dad where she gets interest at 100%. Get those reward endorphins fired up for saving and investing at an early age.

[@snapshotsreviews4967]

great advice thank you

[@GamelHoca]

Great and insightful

[@giorgiotribastone7070]

Love your accent and your beautiful also. To answer your question not having to worry paying my bills and go on vacations and working for myself not company.

[@SGH-rt6ci]

Erich Fromm - escape from freedom. Worth reading.

[@soumyajeetchakrabarty6872]

This has been insightful

[@Bartosz84]

Well started week. Nisha, my " conscience" I feel guilty spending my incomes .Have a Nice Monday . :) thanks Nisha

[@aprilw2387]

Spending freely (but conscientiously,) in line with MY priorities and values AND still making progress on short and long term financial goals.

[@MohsinAli-kw9bf]

Very interesting video Nischa! Would be very beneficial if you shared your thoughts for those who wanted to save, invest etc down the ethical route as in not via interest based transactions etc.

[@mal7175]

I actually disagree on your take on expenses rising at the same rate as income. The gross amount I earn has increased 5-7x in the last 10 years, but my net savings rate is 5-10% lower. Other factors come into account like moving to a more expensive city, but I'd argue it's more important to start saving younger and on a lower income than it is to proportionately increase your savings rate as your income grows.

[@davidgates5189]

I like your video before even start watching because I know it will be good :)

[@siilver1]

Nischa is definitely my BIGGEST DISCOVERY OF 2024! 🍀🌈 Although I knew You existed from like the later half of 2023 it wasn't until this year that I started watching you! .. . . 14th may 2024 at 7:37 p.m. Tuesday

[@Aarrenrhonda3]

The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?

[@Elkemartin213]

Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

[@Greghilton3]

Yes, a lot of people doubt the value of financial advisors, but in the last ten years, I've had one regularly restructure and diversify my expenses and portfolio, and I've made over $3 million in gains. I don't mind that it might not be much because I'm financially secure.

[@techpodssocial]

Awesome video Nischa! Really insightful thoughts. I am currently scripting a video on money management for early in career professionals. I would love to hear insights on how you would manage finances at different ages and different net worths.

[@danac2899]

For me financial freedom is to be able to generate wealth with my own skills independently not being an employee while being able to take longer breaks 3-4 Months per year and go somewhere while still aford my bills.Owning a house + vacation home.

[@devangsingh4456]

Hi Nischa,a video on emergency funds, where to keep it,and if we use it should we stop our investments and rebuild it? Would really appreciate your advice!😊

[@shikharpathak1573]

Hi Nischa Just came across your channel recently. Great videos- very informative. I do have mortgage payments in expense category in my tracker but I see mortgage payments as future savings as each payment I make increases my net worth by reducing mortgage liability. My tracker includes net worth where I have my house (purchase value), saving, investments, pensions, car ( expected sale value in 3 years from now) as assets and mortgage , credit card and loans as liabilities .

[@flemingdasari6032]

Hi Nischa, a small suggestion - anything that negatively impacts expenses in your demos please indicate with colors. That will help people like me who follow your channel. Thank you for everything you do 💚

[@kevino2124]

My idea of financial freedom is having funded budget categories. Encountering an expected or unexpected expense only to find that its already "paid" for feels awesome. I don't want to have to ask myself how I will pay for something, only how much I will pay.

[@sewaknautiyal7353]

for me financials freedom means when i can see you face to face and can take some tips

[@jatrickpohnson]

Nischa, have you read "Your money or your life?" And do you have any other good book suggestions on personal finance? Great video as always

[@kavibharat]

Good job nischa❤

[@siilver1]

Listening to this while I am taking a walk. . . 14th may 2024 at 7:02 p.m. Tuesday

[@Sarah-fs2fw]

I love your videos! You break things down so they’re much easier to understand. I’m 40 now and I want to start investing! I’m scared of losing money but I’m going to start, as I know this is best way for your money to grow.

[@KarenJennifer-mt6he]

The speed of Revux transactions is a market game-changer.

[@JudyNancy-xs6fk]

Revux market entry timing couldn't be better; strategic positioning.

[@jonathanpaske2739]

Financial freedom for means retiring early which I did. Also it means we have no worries we can sustain a reasonable living standard. We have an old fashioned marriage based on trust . All the money we ever earned went into one pot. There was no breaking down various bills for each to pay. Having one pot meant that we could build wealth and sustainability. I was lucky the two of us worked as a team

[@mathosborne]

I love Nischa. I understand everything, but I just can’t stop spending money on convenience and luxury items. I think there’s a psychological part to spending that needs to be fixed. I need a manager so I can just solve other problems.

[@bingxu6712]

well said

[@mayac349]

Amazing!!!!

[@user-sc9xe7qw7d]

Can make an video about investing and how to start? I literally have no clue where to start

[@pingzhou9369]

Hi Nischa, thanks for sharing your knowledge. I understand the compound effect of investing; however, I don’t know where to start. There are all kinds of investments out there, from real estate, stocks, bonds, etc. Not all investments end up making money; some people are losing the initial investment funds. So, my biggest question is what to invest in and how to invest?

[@johnjoyce2508]

On your savings vs credit example timestamp 4:38 if you get 250 interest in saving and pay 1,100 in credit card debt. Would that not be 1,350 (not 850) difference? Great presentations always

[@santoshdonawadesantosh4453]

Well Financial Freedom for me is being part of my dad's will is 'nice to have' but not must :)

[@gatekeeperboxing5898]

For me financial freedom is being free from having to rely on anyone else for financial help. Being able to cover all your bills, and still be able to buy whatever you need. Not having to rely solely on your paycheck from employment or state benefits, or having to take on debt that you can't pay back in full when it becomes due. Everyone can achieve this just by starting saving/investing from your very first paycheck, and not getting caught up in feeling like you have to keep up with all the latest things whether it be fashion, phones, vehicles etc. In the beginning it is essential to buy only what you need and not blowing your entire paycheck on goods that are not essential.

[@LesleyRosita-sl8fn]

Revux focus on user experience sets a new industry standard.

[@jobhde4590]

Would you consider student loans as high interest debt or would you just have the monthly payments come out of salary? 5:49

[@pensacola321]

The great Yogi Berra once said he didn't know where he was going but he was making great time!😊

[@RiseUplift-le3ob]

Great

[@anishkabra4309]

Financial Freedom for me is to buy my time and to allocate funds in such a way that i can take calculative risk to do business for activities which i like.

[@user-cm1vm3kx2p]

Financial freedom for me is being able to maintain my families current lifestyle even after I’ve retired.

[@jaheermk]

please make video on step by step on what you did to invest

[@trinimale5]

Hi Nischa. Where does child support payments fall when doing a budget.

[@ChrisW1019]

What is the minimum monthly/annual salary I should have to consider investing?

[@XxKP2606xX]

Would you say paying off you’re student loan in the uk is the same as paying off high interest debt, the reason I ask is because it acts differently to typical higher interest debt

[@paulho5673]

what happens when the money printer gets turned on and inflation eats up all your interest + savings? Love the vids btw

[@royinga882]

My thing is where to invest once I have the money to do so

[@fathamamutaleb1868]

Can you do options for investing which doesn't include earning interest, as for someone like myself for religious reasons it is forbidden to collect interest. Are there other ways of investing?

[@Yahya1a9a]

You are fit x

[@AndrzejOlchawa]

Which app/platform do you recommend to use for investing in s&p 500?