Finance Expert: The Truth About Buying a House and How Her 652510 Rule Built $200K in Passive Income!

The Diary Of A CEO with Steven Bartlett

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Monday, 21 July 2025 - 2 hours 10 minutes

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

11:36 Rerecorded

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 

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