5 Things To Do Before You Quit
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- čas přidán 16. 06. 2024
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In this video, I share five key steps I took before leaving my high-paying job in banking. If you're thinking of quitting, these tips will help you prepare for a smooth transition
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TIMESTAMPS:
00:00 Intro
00:34 Build a creative-thinking fund
00:52 Go evenings & weekends first
04:21 Reframe 'taking a pay cut'
05:52 Test commitment
07:26 Reframe 'I don't know if it will work'
🧡 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.
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You are so parity
@@KingKT9 She is only mine.
At the end of this year, I will have ONE YEAR worth of expenses saved plus an extra 10k for emergencies. I’ve been working for this so hard. I can’t wait to resign in November. I will give them a 6 week notice and be done before Christmas. I can’t wait for this freedom and I’m so proud of myself.
"The fear of regret is far bigger than the fear of failure". Wow. Powerful words.
Key thing as well… you have a skill set that if worst comes to worst, can always go back in to the industry
Exactly!
Money is freedom, money is power…no matter what anyone else says. Inspiring content Nischa
True!
This was excellent Nischa! From my perspective, I believe what you have acquired and truly seperates you from the others is that you have gained wisdom along your journey. I appreciate you sharing your wisdom and observatons. Have a great week. Larry, Central Valley, Ca USA
I love how you pointed out that before you left your job, you had a financial cushion established. Leaving your job without a financial cushion to lay on sounds like a plan full of hope, and hope rhymes with broke.
CONGRATULATIONS on the one million + subscribers 🎉🎉🎉🎉🎉
That video is spot on. Love it, Nisha you hit the nail in the head!
Super useful vid for me as a part-time CZcamsr. Thanks Nischa!
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
Love your CZcams videos Nischa . You make perfect sense every time. Wish you lots of success. Hope we see you all time with new content.
Anyone can't please everybody! @@TheMan-it7px
I just love ur channel and the way u just make things sound so practical and doable…u are such a inspiration …..
Thank you Nischa. This is the best advice I have heard in a long long time, and the timing couldn't be more apt.
I love the idea that the goal should be to avoid future regret!! Thank you for this video 😊
Thanks for sharing! As an aspiring youtuber, i really appreciated your reframing tip around not thinking of quiting as a pay cut but as building equity. Plus, worse case you return to a different job, which is not a big deal!
Interesting ... thanks for sharing your insights and all the best in whats to come.
Inspired by this video. Thank You.
Very good points! The power of reframing cannot be underestimated for sure :) just like design thinking!
Thank you for this video! What you said was exactly what I needed to hear at this time. Especially when you said it's not about winning, but about avoiding future regret. Right message at the right time.
Taking the big plunge, with a plan and strategy is an all around win.
Been here since your 6th video, proud of where you are now. Keep up the good work!
Thanks 😊. Risk taking and you left your well paid job in smarter way 👏 👍
This “ game called life” , do I go left ? Or do I go right? When it comes time to make that decision!!!! WOW Nischa , like I have said before “ YOU ARE AN AMAZING WOMAN” . The people in your inner circle I hope they know how special you are. For myself and believe all of us who watch your tube videos , can see that. I have been fortunate enough to have found you from the start of your undertaking and have enjoyed watching your transformation . How you are and continue to be true to yourself . SHARING YOUR LIFE STORYS WITH US, so uplifting and inspiring each step. 💐👏🏼 THANK YOU, till next time 🫶🏻
Ah I love this, thank you!!
Very easy on the eyes, too. Smart, beautiful, and a go-getter. I like her.
This was great. It made think about the podcast I've wanted to start for awhile now and the psychological blocks I was putting up.
This is your sign!
Im on the verge of making a similar decision and this video cleared my mind and would lead me to refocus. Thank you for this vid Nischa
As always amazing honest helpful. Champion! And yes I have launched the side business and yes I’m still at work and I love my work
As I am now working on shifting my career from engineering to management consultancy, I would say these steps apply too, I am now working as a freelance management consultant in the evenings and weekends to build an experience that will support me while applying to management consultancy firms, I am also stacking up some money to support me if I take a cut in my salary.
Brave person to do the right things , thank you so much .
Great rundown! The psychological wherewithal required to start a business is still something I struggle with. It's great to hear you explain what helped you prepare yourself to dive in.
Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator
Excellent points on preparing for the transition to entrepreneurship, especially the importance of building a financial safety net and testing commitment. These steps are essential in minimizing risk and setting a solid foundation for success in any venture. 💼
Amazing, thanks so much for this informative video x
I took the plunge to be an enterprenuer a few months ago and honestly, the reframing of "I might fail and what happens when I fail" was hard for me. Coincidentally I had come to the same conclusion that if I fail, I'll proudly put this put on my resume and go back to a tech job. I'm not done with this path yet but also acknowledge how isolating it is. Most people struggle with this mindset shift, including my friends and family, which can both add to the isolation of working for yourself and self doubt.
great insight, thanks for sharing
Awesome insight!
Excellent video
Thanks a million
God bless 🙌 you
Nischa
Thank you for this!
Great advice!
Your culture and support system plays a big part in making decisions
Great advice. I am 9 months full time into my business. I have reframed it as being my ‘real-world 1 year masters’. If it doesn’t work then it will be a really solid side business.
Well played on getting a million subs Nischa, not many CZcamsrs make it that far especially financial ones so well played 👏🏻 👏🏻
and getting there in under 100 vids is insane
@@jawlig I think the fact she is an attractive female who is talking about finance has got a lot to do with that lol
She’s gonna succeed because what she gives to us is very simplest and practical. ❤
Yes...and I need simple and practical. 🙂
I like the mindset change around taking a pay cut. I'm about to take a pay cut to get out of a job I hate and move into software 🤞
Another inspiring and useful video - Life is for living not regretting! I married outside my culture and lived abroad 10 years, which has had it's challenges personally and financially, however I have learnt more and had a richer life than staying in my home country. I am looking forward to doing something new soon and ready to take a few risks when I have got the financial cusion / side income sorted. Have also been able to pass on some of Nischa's guidance to my kids - they don't teach it in school...
Money is knowledge . understand what do you is KEY . Thx for your job and have a Great day honey .
The fear of the unknown can easily sway us away from pursuing our real dreams. I like to believe in the saying that "nothing worthwhile is easy." So if it's going to be hard work, it will most likely be worth it. Thank you for this video. I took a lot of notes.
Your inspiring work is very enlightening , indeed. Best wishes for your even greater success, health and happiness.
I love how you talk about money but also weave in that it’s not about money. It’s about meaning.
Amazing content
Hi Nischa, I just wanted to say thanks, you've really helped me with personal finance in a way that makes it easy to understand and I'm hoping to be where you are one day! :)
It becomes a bit easier to get a sizeable CZcams-following when you look a certain way.
Life is easy for attractive, intelligent people.
Thank you! @kpattni2024
@@brandoncliffswarts5100tell that to Mr Beast and the many other ordinary guys generating millions of views from their channels 😅
@@brandoncliffswarts5100 what might seem effortless and easy is only made so because of a lot of hard work, intelligence and skills learned through hard won experience. Whilst I’m sure Nischa might be flattered to be called attractive (though I can’t say for certain this is true, of course), it is the eorst firm of denigration to focus on attractiveness and not listen to what she is saying and the hard-won wisdom behind what she is saying.
Stop focusing on the superficial and look at deeper things. Her content is very relatable, understandable and effective.
Late to the party but congrats on 1million subscribers! 🥳
Just imagine learning this stuff at school!
Super inspiring. Congrats! I don't know if you mentioned it. How much time did you work on your full time job and at the same time on the side hustle ? For me to realize that I can focus more on my side hustle and quit my job without impacting my financial status took about 3 years. With persistent work I got there, as you said, evenings and weekends set aside for your entrepreneurial path.
Thanks!
The last bit is very much true. I've been meaning to write a mobile app for YEARS. When I first got the idea, we were using iOS 8. Now iOS 18 is about to be announced next week. Not taking action sucks.
1st step is basically "be rich enough already and then you can make the leap to being rich entrepreneur"
And we are glad you did.
Hello!!!!! Where is your sweater from? Thank you!!!!! ❤❤❤❤❤❤❤❤
Your pay yourself at least 10% video is very helpful. I was able to clear 2 debts. Thank you!!
Amazing content..
Saving this video for when my time comes 😆 doesn’t hurt to manifest 🤞
Hi Nischa. You would have been great starring in Industry!
That's exactly what matters: Try out what you love to find out if it works.
well said
Thank you Nischa! You bring great info and value with your channel!
Recommendations for helping young adults, 18 & 23, start investing? I’m thinking of monthly deposits to Roth IRAs in index fund. Set it and forget it. Cheers!
Going from 300k to 48k is a rough thought, but I'm glad its seemingly going as planned and good luck
Hey Nischa, would be great if you could also do a breakdown video on how you make money now as an entrepreneur. Similar to the breakdown you did on your corporate job.
I have a question, you build equity to sell a business for a large multiple, how do you sell and who do you sell a CZcams podcast business to?
I'm the friend! I think it's been 10 years since I first thought that I want a podcast. I'm so burned out from my professional job now that I'm thinking of quitting without a backup plan just so that I can focus on discovering what other industry I want to work in, plus put fresh energy into the podcast, and not the leftover energy I can scrape by on evenings and weekends. So I would actually skip straight to 5 😅
Save some cash is so important as nobody knows how long we can become profitable to start our own business. Enjoy so much watching your videos. From Hong Kong.
I think an important part of the equasion is also asking yourself why first. Working for yourself has been put on such a pedestal in the influencer era, as if it is default better, but it's not for everyone. Are you doing it because you are genuinely excited about it, or because people make you feel like enjoying your 9 to 5 is somehow deficient or weak?
You come across like a nice person rather than that "ruthless" attitude that others have to succeed and their sole focus is on winning.
10 years ago, whilst I was working a full time job and living at home, my mum was adamant that I shouldn't rent a commercial unit that was £200 per month that I was planning to build a business around on evenings and weekends because it was "risky". Regret from not following your passions is huge.
I like to hear ideas that help your decisions.
Touch'e Nischa! Fear is temporary. Regret is permanent. Adventure is taking a chance because it's better than the question mark if you don't. (Quote was authored by Dan Skinner) not me, the sender.
I;m ready to quit. Thank u queeen
For those thinking about taking the jump into Entrepreneurship; I wish you the best of luck!
I'm now in the unfortunate position of wanting to quit. I loved my job but it's now changing from a managerial role to more of a consulting role. My employer is selling some of its under performing IP and they want me to visit the sites of the buyers to better integrate the IP into their business. I have 0 interest in doing this and looking at my options.
Me too, I enjoyed my job but now it's changing significantly. My manager doesnt have the gumption to call BS on the nonsense. I think I should leave them to get on with it but without me.
Maam pls do a q and ans video
Keep growing
Without our dreams we are nothing, plan your escape from the 9-5. Great video!
Suggestions for a video: I'm going through the most worried time of my life, my department is under consultation and they offer me money. I'm thinking to take it and start my business. I have a idea and I'm searching all the info. I haven't give them the answer, I have until August to give my answers. It will be great to have an video on redundancy and finance.
I have interest in art and writing and I have tried many platforms...but never seem to get any success...what can one do about it? How to find the right path and right platform ?
Problem is I work for a company that dosent allow a side hustle/buisness...
(6) Invest heavily in black jumpers :)
you beat me to it
How is the Sony camera better for your business then an iPhone? Don’t you mostly need video?
Many white collar jobs will be replaced by AI in the next 5-10 years. Can you do a video on that?
What is it about your job in banking that made you want to leave it?
Have you always wanted to start your own business, and if so, was it your plan to use as leverage the financial freedom afforded to you by a career in banking?
How did you scale CZcams so quickly?
When one single video goes viral, it lifts the whole channel. It took her a year to get monetized so she had to keep creating good content week to week to reach that point. She mentioned it in her earlier videos.
Hey Nischa mam, I'm MO. A 17 year younger boy who live in Bangladesh. I am studying at College. But I don't want to study more. I wanna drop out from College. My best friend studied only 5 grade and started his own business. Now he has 200000 dollar. He work for 8 hours everyday. On the other hand I study 16 hours everyday. But my pocket is empty. I'm dependent on my family. Physics, Chemistry, Math, Biology, English, Bangla, ICT😵💫. I said my family I wanna drop out from College. But they don't want it. They said I have to become a doctor. Actually Doctor/ Investment banker/ Engineer doesn't matter. I wanna make money it's my passion, hobby. Our syllabus is too long. I have no change continue both i mean study and try to make money. Do you think should I drop out from College? ( My english is not too good, If i made any mistake please pardon me).
$300k or about £235k puts you easily in the top 1% of earners. After even 5 years of that you can be a millionaire just by maxing out pension, using ISA allowances and putting the rest into savings or property.
I guess such work is higher stress but this has set you up with what I call FU money, I got there myself, albeit a bit slower, but I'm realistic the vast majority of people (often in jobs society undervalues) will never get to that point and so taking a leap is a real and tangible risk.
It's great that you are successful, inspirational even, but your career is like winning the lottery to most people and sadly people's life chances are somewhat predetermined by circumstances.
I think the message is you can always improve your lot, even if that isn't riches and finding a niche that you finding rewarding and pays better is achievable.
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Investing $15,000 and received $174,000
Not these scammers again😂
So what is your side (or now main) hustle Nischa? Was / is it this You Tube channel?
She has a course she runs as well.
Job = limited downside risk & very limited upside potential
Entrepreneurship = limited downside risk & unlimited upside potential
I'll take the latter to gain all my time back
i will never quit
these dreamy brown eyes
Why in USD? You’re UK based right?
To make it easier for viewers to relate to numbers. Obviously she was earning in GBP
@@peterstars Well it didn’t make it easier for me or everyone else.
USD is the world's reserve currency so it makes it easier for viewers outside of the UK to relate.
Niceee
Hello ma’am. I am finance student and I want guidance on investment banking. Can I mail you for it?
@Nischa-YT1. Thank you so much ma’am. How can I reach you ma’am?