How I became the “Millionaire next door”
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- čas přidán 18. 11. 2018
- In this video I explore how I followed some money rules to make it to my first million by accident.
1. Live beneath your means
2. Don’t succumb to pressure
3. Get additional income streams
4. As you income increases your debt should decrease
Multiple streams of income and saving is KEY to financial success.
Mutiple streams of income and investments is the KEY to financial Freedom
You prolly dont care but does someone know a tool to log back into an instagram account?
I was stupid forgot my account password. I love any tricks you can offer me.
I have to repeat 2 modules and my friends are graduating. I’m so devastated , so finding your page has been very therapeutic. You’re such an inspiration.
How to become a millionaire:
1. Live below your means
2. Have no debt
3. Have multiple streams of income
How?
Correct
are you a millionaire?
4. Rich Father
How do we have multiple imcome streams. Thats what we wanna know
No surprise people have poor listening skills. She literally said: she got raises work, she saved her money, she lived below her means, she increased her income streams, and she invested her money. What is so confusing about this?😂
Thank you, I could kiss your feet
I just started watching your CZcams videos this year and man! This one has to be the most inspiring video ever. It opened my eyes as to how I'm making stupid financial decisions. Thank you so much for this. God bless you.
Your videos ALWAYS leave me inspired to be more financially responsible and matured.
2018 im 30 and still earning 3500. but your videos give some of us hope. thank you.
If you are looking for extra income please contact me my number is 0827937897
Pebetse Lesufi Kgotlelela Pebetse! Get ideas and make plans, execute and do it over and over till you get your big break. that’s it. God bless you 🙏🏽
Baby girl if you want to make extra income Contact me 0768634972
Pebetse Lesufi this is Soooooooo sad
Titi Dlamini what do you do
You are sooo disciplined, it’s very hard to keep ur current lifestyle when ur salary goes up. But thank you for sharing I am learning a lot through these videos 🙏🏼
Mandisa Mpisane I think it helped that I was from the rurals and had lived in boarding schools so I didn’t really know nice things to spend money on. I don’t have a consumer culture
Staying in our lane is very important for financial growth. Love u Nicolette😘
Woow..., what ales on!!!
chester macheeza Hey...I just got my account loaded with $40k and my score got increased without any payment... jaimerobert52 did the job on Instagram
Very happy that I bumped into the video, I'm really young but feel like I don't save. You really encouraged me😊
me too hey am on some saving tip now
Me too!!!😍
Kholiswa M Im trying to save too
One great way to save is pay yourself first.. when you get paid throw $25 into a ROTH IRA (no relation). If you do this regularly, you will end up with $30-40000 in 3-5 years. quarantined. Pay yourself first!!!!
Zee Heavens start now youngster! Max out your 401k if you have one and any matching funds programs your employee offers get into it!!! If you're not sure what's available to you, go to human resources and FIND OUT!!! You could easily be a millionaire when you retired if you do these things at this age. You don't need a great big salary, you have time on your side. Get these things in order and just be consistent. It will pay big time, because sweetheart, you won't always be young(:-)))
You are more than a blessing. You are an asset to my financial health and growth! Thanks girl! ✨✨🙏
I needed to hear this, thank u sesi.God bless you
The trick is to live as minimal as possible...even if you get that salary increase.
I agree with you 100%
I used this theory...and I was able to extend and renovate my dad house debt free.
Now I must implement again for own person goals.
Love and light to you 😘
Kgomotso Maleme you become a Scrooge in the process. I'd rather you bump up your sources of income as you bumb up your lifestyle.
Saving is good but when a fat account becomes your God, you'll deny yourself even healthcare inorder to get big alerts. I know. I've been there...
thank you so much , hmmm you've just made my day
Helen Enang! Omg, this s so true. I have been there as well!
I don't have siblings but you're like a sister to me. I've literally watched all of your videos and today I have a couple of investments to my name, Thank you so much ausi wam.
Cali_ TheNerd oh my goodness that makes my heart happy
Wow! Thank you!!! Such an inspiration👏🏼👏🏼first video I'm watching of you and definitely not my last!
Yass girl. Preach! I'm so glad this was recommended to me because I was just about to succumb to pressure but I'll be patient and save up for a bit before moving to a better apartment.
Although its baffling how your salary got bumped up from 4k to 51k in a short span of time with no qualification, I understand your principle and the lesson you are trying to teach. Thank you for the content 🔥 I want to start saving and living below my means and resisting the pressures of peers
Right
I was also surpised. But good lessons none the less.
My question Is the type of job she was working
@@pusep132 my question as well.
I also wondered 😊
Hi, I hear your story, very interesting but you were fortunate in a sense that you were promoted yearly and no qualifications. I give you props for knowing how to handle your finances and made the best of it👏🏾👏🏾
I am going to download this and listen to it everyday...
vuyokazi nocuze me and you dear
This is such great advice!
@@wangamzileni7488 sub me
I'm downloading all your videos. I love watching you. So much information that answers a lot of the questions that I have
From 4K to over 50K in such a short space of time... with no qualifications, WILD. You lead a charmed life.
bra
Where was she working? She wont answer
Notification gang. Thank you so much Nicolette
Gurl!! You have a new subbie! I loved this video and the content! We can really change our generational wealth when we become wise on how to handle money and not let it burn our pockets as Lisa Nichols likes to say! Thanks for this. Looking forward to more videos! Loved your personality from the get go!
Beautiful ad is, will start using today. Thanks for your wonderful and wise ad I’ve. Judith
Catchy title for your vid..definitely sparks interest. while your conveyed a couple of useful things u DIDNOT tell us the nature of the income stream that earned you a million..a quick calculation using the salaries you earned will not add us up to a million..i think you need to do a sequel to your video.. a million is NOT an easy amount to just "save" you way into... so give us another video of how you actually became a millionaire!
Lester Madondo exactly my point. And the salary jump every year!! What type of job did she have 4K to 13 to 26k to 51k within 3 years
Her $1,000,000 South African Rand(ZAR) equals $72,293 USD. That being said she is definitely sharing some valid living lessons to follow. Discipline people.
Lester Madondo maybe you didn’t watch the full video. But I am happy to do another video to reiterate some things.
@@anevaluator6606 the salary jump if u are moving from a technical to a management position is very doable (i've doubled mine in record time before) but she just needs to give us more info!
@@FinancialBunny Please do!
You had an amazing job hey! 3 promotions in 2 years 😍 I love this video, we turn to add on the lifestyle as soon as we get an extra R1000😩
I'm touched by the hard work. I can tell how personal this story is to you. Thank you for sharing. You changed so many lives
AWWWWW. I love love this video. Thanks so much for this. I'm definitely subscribing
Smart gal, Hard work and saving as much as possible lead to living in the lifestyle u living now.
You're are so wise and disciplined. Well done!! Wish I had been as wise as you at your age.
Very wise. For as long as I still breath, I will apply your principles
This video still touches me, just in a different way now than the first time I watched it. Thanks bunny
Yhuuuuu kea leboga - Thank you for sharing this. I'm going to continue with my love for saving😊 I have therefore just subribed to your channel 😊
Notification gang💃💃 Thank you Nicolette❤
Hi Nicolette, I like what you are doing- you give advice based on what you achieved. People need to understand we don’t all have to follow the same path but some principles on wealth creation stay the same. Nna ke re pele ya pele 🍾💃🏽
I just came across your channel and of course I subscribed! Excellent advise !! I'm loving you already;
you the best, although this year nyised me , but you the greatest thing I discovered, keep Sharing those information . you the best Nicolet, may you stay winning
I love the video. I personally don't think she became millionaire by accident. The steps she followed are clear. I love how she managed to live below her means. Living within your means is not good enough in wealth creation. Thank you for sharing
It's not about how creative the video is but the Quality of Nicolette content
Lauren Booysen thank you. The vids are already long so making them creative takes away more time
@@FinancialBunny No need for creativeness at the moment. But I love that's so informative, which that when you watching you don't realise it's a long video
EXCELLENT VIDEO!!! Yes, living below your means is important! New subscriber!!!
Good stuff. I learned something. Discipline and living below your means despite salary increase is key👍🏾
I learn so much from you Sistas
Wow ,listening to your videos has changed the way i see money.Thank you :)
Great to see a video teaching how to be financially responsible, well done 👍🏾
I love your content! I know your family is proud of you. You are young & brilliant! I would definitely love to sit down & chat with you whenever I make to SA.
Very inspiring. Thanks for the information 🎩👌
Thank you for sharing. Take a deep breath in and breath out, calm down your speech just a bit so ALL who view this priceless information can benefit from each precious word spoken.
My first ever video of yours, that literally changed my life, thank you very much for giving direction.
Well done to your dad 👌. Very informative thank you
I still didn’t get how you made a million. You saved your way to millionaire status or what? What job were you doing. Did you start a side business or something? Your video lacks a lot of specifics.
Elisabeth Olaniyan k
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Around 6.58 increase her streams of income. On top of saving , living below her means . I hope this helps
Million Rand.
It was a waste of time tbh. She didnt say anything
Thank you for this video 😆✨ but I was also hoping you were going to explain how you got a corporate job without a degree.
Good story! Keep hustling & making money! Thanks!
I needed to hear this. Thank you so much. 🙏🏼
My dad taught me a lesson on saving that had my butt hurting. From that I saved most of my life. But then my money got "stolen" at home. So started learning about banks and savings accounts. Then I started working. From 5000 a month and no debt at a young age. I was rich. I was lending money out to my brothers on the regular. I got promoted and everything was great. I bought a car almost cash. But then met a girl got engaged and my whole life got turned upside down. I went from being rich to being 800 000 in debt now and retrenched. I'm currently on a journey to pay off my debt. Fingers crossed this year. The lesson was... don't have kids. don't let your partner pressure you into a lifestyle you don't agree with. Be careful who you let into your life. Cause I'm not really friends with most of my family or friends now.
Oh no I hate that u put all that work in and went through all of that! I too had a similar situation in my last relationship I'm doing my best to get back above water and be debt free! How are things going for u today?
@@CPR4THEBODYlivingaenrichedlife I am debt free. I sold everything I owned. Paid off what I could. Moved back home. Started doing freelance work and paid off most of my debt. I have two hobbies that is a constant income stream and now I learned that with Covid no one is going to come down and help you 😂😂 you need patience discipline and surr people will look at you funny and call you broke but it's not what they think that matters. I'm up I got half a house so far paid and I got a old car that I fixed up. It's not a mercedes but it gets me around I also know how to service it myself. It's a old ford bakkie. This pandemic just made me a different animal.
Thank you, this is great! but how did you make that million?
Been binge watching your videos since morning 😭😭haven’t had any work done since. Your vids are so informative 😭😭
I like how you just flow when you speak - no pauses . That's a commendable skill.
I can tell she read 'RICH DAD POOR DAD"
Yes...u can tell. She peaks my language
hahah im listening to the audio book rn!
hahaa...that book changed my life!im glad I read it whist still in varsity.so by the time I graduated I was all about priorities and multiple sources of income.im not a millionaire yet(coming from a poor family,instead of saving and investing you start by renovating the parents house lol...) but im happy with where I am now.
@@mgeijho You will get there. All the best Gee....
@@kitsoyaonephatudi1274 thanks K!
A life of delayed gratification: that’s great advice. Thanks for sharing your your principle.(discipline)
Omg...you are amazing and beautiful! You actually broke everything down perfectly. Thank you! 😁
Im so happy i stumbled apon this channel💕..new subbie💃
Nicolette is revealing a lot of secrets lately. I knew that you saved your salary. Very wise
N
Great video! What's your take on financial planners? When is it the right time to get one?
im new to this channel n I'm definitely subscribing .love your energy
Thanks for sharing my sister. I found this very motivational, inspirational and educational.
wow!
I'm really inspired! 🔥🔥🔥 thank you
She had the advantage of living outside of North America but the principles are overall the same. Be frugal, invest into stocks, real estate or your own entrepreneurial pursuits and when you make more money stay the exact same while saving or reinvesting the surplus.
The advantage... scratches head 🤔
LOL Advantage of stayin in on of the countries with the highest unemployment rates . Okurr
@@MoneyGist if you still don't know, don't come to the states until you've read a history book
Huh? How is living outside America an advantage? If she applied those principles to America she’d be a millionaire in USD not Rand, which means she’d be worth 15 times as much
@@knowitall3892 Actually in the states atm so... your advice came a bit late?
Good info and good advice. As a fellow Virgo I can see all the characteristics that were used.
I love that book...Live beneath your means and save more than you spending.No faking it to impress people who contribute nothing to is.Let's put in the work , sacrifice and research. Wisdom right here..good video 😍😍
Ive realised that a loot of black people have money fear.some here critisize this video because they think its unrealistic.its actually not,things will obviously not take the same out of time as they did with her,but this is doable.stop buying expensive cars and taking out unnecessary loans.the other day i saw a vid ya ga dj sbu also talking about how he messed up his finances by living a luxury life just to prove to people that he has money.and another thing,guys.stop this thing of expecting the government to give you money to start your business.start small,like sell clothes or weaves or muffins,whatever the case may be.start small and work your way up.and stay disciplined!!
Thats true, we just need to start very small and save as much as possible
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hi
Well said🙌🏾
Thank you fo r your informative videos. ....as a 20 year old I need to hear such
Best! Video! Ever! Thank you so much for this!
This takes an intense amount of discipline you deserve an applause
M actually sitting on a book that can make me a millionaire. Lol I could be reading it but I have other books m reading I need to open that book. Thanks girl.
your idea is good, the problem is that it needs money and lots of luck for South Africans, having your salary multiply by 12 in less that 2 years is highly unlikely, you have to be very lucky despite your work rate and success..... but you are accurate on the idea, it is what i support too. many of our young people earning a few tenths of thousands can become millionaires quickly if they don't all flock to Midrand to rent and chase a certain middle class standard of wasting money.
mohau thekiso but the rule is the same despite how much you earn. The message is spend less than you earn. Live beneath your means and don’t increase spend when your salary increases. The numbers I give you are mine. How easy it could have been for me to live a luxury life
@@FinancialBunny i agree with that part i understand it and i have been practicing it for years, my comment says you are accurate there...... but you also have to agree that the way your numbers boomed up does not happen to anyone as likely.... it has to do with luck.
mohau thekiso definitely I’m conscious of that and perhaps that made it easier.
@@FinancialBunny million rand haha, its not a million usa, but congrats. Im close to a million rand.
Compoundinterest stockguy! Do I live in the USA😴 Ase mo states mo
Congratulations. Thank you for the encouraging post.
Thanks a lot sisi. This is wonderful. Your video is real informative.
Her $1,000,000 South African Rand(ZAR) equals $72,293 USD. That being said she is definitely sharing some valid living lessons to follow. Discipline people.
You can't compare currencies like that. It's not that simple for one there's the issue of purchasing power and cost of living which differ significantly according to eg city and currency. I'm not discrediting saving but it is not as simple and easy as she makes it. Let us not forget the fact that saving money also costs money eg bank fees and tax. If you are going to give people "advice" tell them the full story. Plus this girl is either lying or she's not telling the full story. A black girl in SA without a degree getting a promotion every few months as well as 100% salary increases each time? Please... That is not the full story!
Uuuuugh! I thought this was US DOLLARS! SCAMMER 😑
T Richardson it’s more than $72 000 dollars
It's a lot anyways
tigerstripes look at it in terms of the cost of living there...regardless if you’re in the US and you are able to make an Extra income of 72,000 in a year after meeting all your expenses you’re practically in the top 5%.
The principles she’s talking about remain the same regardless of the country you’re in. In fact it even easier to to in the US than South Africa
I'm from Bushbuckridge too ☺ I love your videos
Blythe Imagine 😊
Amazing and Simplified.. Thank you Nicolette
The millionaire next door is a brilliant book! It’s never leaving my library. It will be one of the first few books I give to my children to read. Probably will save this video also so that they see how daddy and a few other wise people got their riches. Nice 1!
It is always good to share tips that changes people's lives. However, I was expecting the specifications on what job you were doing, how did you get promoted in such a short space of time and earned more than 100% of your initial salary. How much petrol we you buying per month while you were still earning a salary of R 5000.00? I take it your video is meant to inspire and motivate others but some of the things you said are unrealistic and lack explanation. You ignore a lot of questions regarding what you were doing and in which company. I am not disputing the possibilities but the pace and how easy you achieved all this raise ethical concerns.
Eddy Ntimbane she did say she paid the rent and car and then her dad helped her with the rest tho 🙆🏽♀️
@@bandilesibizo4810 R 4100 + R1000(from Dad), rent R2000+ car R2000 that means she had R1100 to live on...would you buy petrol and food in that amount? Plus cosmetics...try to make sense of it
Eddy Ntimbane maybe she didn’t buy makeup and everything she just lived on her needs 🤷🏽♀️. And at it sounds like her dad took care of most of her expenses so she survived & used his money and saved hers only thing that makes sense atm 🤷🏽♀️
Eddy I think you are right,this is one of the reason why I don’t usually listen to S.A motivation when I’m on bad space, I don’t I think everyone is just fast forward to tell us about their life during when money was more and rich
One thing that they miss which can improve South Africa and decrease VAT is where exactly they started and more information about step major to afford
@@faithlebomokabane5472 That is a thing. I think SA motivational speakers fail to give practical steps to how things are done, and when you follow their stories you find something new each time. There is a tweet where she wrote about how she managed to live on 10K salary but now that 10K salary is not mentioned.
This advice is so key. I always aim to keep my expenses super low as well. But I think my monthly income is just not growing fast enough. I'm working on some additional sources of income, coz honestly corporate is not enough. My goal is to be a millionaire by 30.
Sinikiwe Ngcobo Keep to the money rules and it will happen. Stay disciplined and have the will power
Sinikiwe Ngcobo me too and it will happen
I can introduce you to a company that will assist you to get to that goal, my number is 0827937897
I will definitely be using these tips. Thank you so much
Good take. Will always be relevant. Subbed
Thank you waisti Nicolette. Like Thank you. 🙏
She made more and spend less. Got what was necessary,not what everyone else was getting. She stayed in her own lane.
Demetrius Johnson I appreciate you
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Thank you for this, this was very helpful!
Congrats on your channel. Brazil here too
Wow I can relate so much to your university story,I’m doing my 2nd year and on this day I had the worst exam experience to a point where I just left the exam,crying so much and I just got home and it landed me here.💫🌻
Christina Refilwe Phashake i can relate 😂😂✊
Miss I am happy for you but how did you make your 1st million.
This is such an inspirational video... thank you for this
Oh my, this hits home.
South Africa has more opportunities than Namibia. But this helps! We've heard that too many times. You are an amazing woman, your content is amazing and helpful! ♡
Thank you 😍 this is amazing
You did all this without any university qualification at all or did you later get formal training?
Rebecca I got my second qualification in 2013, by then I had a National diploma in Sports Management
Lol school will never teach you stuff like this, besides stay in school, get distinctions, go to university and get a job.
Great vid and testimony... you look like Kerry Washington!
Good advise, and very tough to live that type of life while getting enough money to survive. At the end of the day “DISCIPLINE “ helps 👌
Before you even mentioned it, I knew you read " The millionaire next door " 😁
The way she emphasized the stench from the trees I thought she later started selling/cutting the trees too
I'm a new subscriber and I am inspired by how you became something despite your adversity
What Job did you have where you got promoted so often🤔
Without a degree nogal!
She's lying
Good question Rato
her salary was jumping
Lerato Rantao I wanna know too