Finance Expert: The Truth About Buying a House and How Her 652015 Rule Built $200K in Passive Income!

SPEAKER_1 (0:01)

Culture evolves at the speed of light. Just like your financial needs, when it comes to your money, Credit Karma keeps you in the know and ahead of the game. You can count on Credit Karma to keep up with your financial needs as they evolve. We'll help you monitor your progress and give personalized recommendations so you can make strides towards your goals and find your way to money. Make sure you're on the right track no matter where you are on your financial journey. Intuit Credit Karma, Karma you can count on.

Nischa Shah (0:30)

We put a lot of pressure on people today that as soon as they start working, they need to get onto that property ladder. But there's ways to build wealth that don't require you to be in the real estate game, including three numbers that everyone should know when it comes to their personal finance, 65, 20, 15 Just knowing that creates a better life for yourself.

SPEAKER_3 (0:46)

Nisha Shah is the former high-profile investment banker turned financial mentor, whose content has helped millions rethink their relationship with money, break free from crippling debt, and take the first steps toward building lasting wealth.

Nischa Shah (0:59)

Everything is trying to pull you away from your money. Cost of living going up, prices going up, fighting against marketing to keep your money in your pocket.

Jack (1:06)

You earned this.

Nischa Shah (1:07)

So it's becoming harder and harder. And I've gone through this. I followed society's version of money, until I realized that if I continue living this way, the freedom, the choice, the options I want aren't going to exist.

Hold on, give me a second. And I felt really trapped at times, but I don't know how to escape. And I know a lot of people are probably hearing this and thinking, I'm also in that place. And so I really feel like my purpose is to help as many people to go from feeling trapped to freeing themselves and using money to do that. I wasn't expecting that. Okay, so people are hungry for easy money tips. And these stay the same regardless of how much you earn. So we could talk about the Peace Of Mind Fund. And doing that puts you ahead of 59% of Americans. Then there's building your emergency buffer. And this does more for your emotional well-being than earning over 200K. But the way cost of living is going, you cannot save your way to retirement. So this is when you want to move on to investing. That is the easiest way to make money. And my principle with investing is very, very simple and it's just.

Steven Bartlett (2:15)

Just give me 30 seconds of your time. Two things I wanted to say. The first thing is a huge thank you for listening and tuning into the show week after week. It means the world to all of us and this really is a dream that we absolutely never had and couldn't have imagined getting to this place. But secondly, it's a dream where we feel like we're only just getting started. And if you enjoy what we do here, please join the 24% of people that listen to this podcast regularly and follow us on this app. Here's a promise I'm going to make to you. I'm going to do everything in my power to make this show as good as I can now and into the future. We're going to deliver the guests that you want me to speak to. And we're going to continue to keep doing all of the things you love about this show. Thank you. Nischa Shah, with your YouTube channel, which has accumulated almost 2 million subscribers in an incredibly short period of time, what is the goal? What is the mission that you're on? What is it you're trying to do?

Nischa Shah (3:13)

Money touches almost every part of our life and impacts so many choices from where we choose to live, what we choose to do for a living, what our weekends even look like. So my mission is really simple. It's take the complicated financial jargon and turn it into easy, practical, actionable money tips that anyone can implement and understand.

Steven Bartlett (3:36)

And what kinds of people and what kinds of financial situations? Because obviously we've got millionaires on one end and then we've got people like me at 18 years old that are struggling to even get a couple of quid together to feed myself.

Nischa Shah (3:48)

The principles of money stay the same regardless of how much you earn. And although my mission is to help make money more accessible, the principles, the underlying thinking, the mindset can be applied whether you're making 50,000, 500,000 or more.