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 15:07 What to Do With Saved Money 17:09 Do These 3 Things Before Investing 20:00 Why You Should Save for Retirement 22:56 Spending Money for External Validation 27:36 What to Invest In 31:09 How to Get a Salary Raise 37:07 Is Buying a House a Good Investment? 44:44 What Is Opportunity Cost? 48:54 Should You Split Your Investments? 53:42 What Does Nisha's Portfolio Look Like? 56:40 Ads 57:31 The Best Book to Learn About Finance 01:01:15 Should I Buy or Lease a Car? 01:04:35 Should We Sacrifice Some of Our Enjoyments? 01:07:30 What's the Best Way to Track Your Numbers? 01:11:12 The Role of Money in Relationships 01:16:18 What Is Passive Income and How to Get It 01:21:59 Ads 01:23:48 Making Millions With YouTube 01:29:41 Doing Your Finances With AI 01:36:28 The Importance of Your Credit Score 01:45:20 What Would You Not Spend Money On? 01:48:52 My Dad's Words Changed Me 01:57:57 I Felt So Much Pain During My Career 02:01:21 Your Hardest Day Follow Nischa: YouTube - https://bit.ly/4kHiVMl  Instagram - https://bit.ly/3Ui6eNd  💡You can find out more about Nischa’s ‘Intentional Spending Tracker’, here: https://bit.ly/3GR5gEC  The Diary Of A CEO: ⬜️Join DOAC circle here - https://doaccircle.com/  ⬜️Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook  ⬜️The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt  ⬜️The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb  ⬜️Get email updates - https://bit.ly/diary-of-a-ceo-yt  ⬜️Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb  Sponsors: Stan Store - https://stevenbartlett.stan.store/   Fiverr - https://www.fiverr.com/diary with code DIARY for 10% off your first order Intuit - https://www.intuit.com/expert-careers/?cid=aud_nativly_reach_us_expertnetwork-fy25_aw_hostread-diaryofceo-na-60s_broad_audio_1x1_intuit-gtm_na_na Learn more about your ad choices. Visit megaphone.fm/adchoices