How I Will Become a Millionaire by 32
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- čas přidán 3. 06. 2024
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In this video I talk about all the things I am doing to hit a million dollars by 32. I hope this gives you some inspiration, ideas and motivation to join me and hit our financial goals!
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⌚Timestamps:
00:00 - Intro
00:45 - All Weather Portfolio
01:36 - First principles
03:04 - Utilising the strengths of others
04:19 - The slight edge
05:35 - Money making superpower
06:33 - Living below your means
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DISCLAIMERS & DISCLOSURES ❤
This content is for education 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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beautiful and smart girl. The full package. Would you marry me ? 😘🤣
Is there any way to contact you regarding some queries!?
Thank you 😊
How many years will it be before you turn 32 years old?🧐
Young people are very lucky to have been born in this era where you can get so much knowledge, inspiration and advice from people like you in internet. Hopefully is not too late for me either. Thx
My sis says - wealth is in your hands!
@@GD-sm5nz what comment did you read? I didn´t say it is easy today
@@GD-sm5nz false
Now days there's always another way ..... this has made us less disciplined
@@GD-sm5nz lmfao
Living below your means - most people don’t do this, the US and other developed countries are very materialistic- but it is important so you can invest. Not sure you will feel any different when you hit your million dollar goal. I have been poor and relatively affluent, life is much tougher when you are worried about eating but the experience creates appreciation. I used to get one little gift for Christmas- when I was a kid, I could tell you every gift I received from ages 5-17. Now I get tons of gifts and couldn’t tell you what I got last Christmas. Work hard, save but also enjoy and treat yourself/others with kindness. Good luck.
Very real take on it. Thank you for sharing
dunno shits expensive and i have healthcare issues. if didnt sure honestly im not that materialistic but, when healths shit and cant engage in what want sports.... other stuff cause it and your poor on top semi homeless and skimming by by mooching on family sofas and there is no disposable income as it all goes on food or travel, tryna enjoy much anything in life is... hard also strains any family relationships do have.
Below your means becoming lower and lower as the days go. Overpriced housing eating up most of your wage and you have nothing left at the end. You know that the economy relies on people consuming right? If everyone is poor but doesn't spend it is a downward collapse because so many industries are not essential and rely on people spending excess income on them. When people don't have that income, they go out of business.
Love this comment!
When someone knows what he or she wants at a young age you have gotten your freedom. You have gotten this with your plans. Very inspiring.
Desire is not freedom its sufference
@@kd3655 It all depends. If the desire is held in the heart, you're enslaved.
If the desire is in the hand, it can be used as a tool.
@@ummerkasana Bismillah
Not everyone is as lucky and got their shit together at a young age. Some people take a lifetime to figure out what they want in life and not what others expect of them at certain age.
Oh and I’m saying this only to remind people not to feel like a failure or lose hope just because they didn’t have their shit together or know exactly what they want in life at a young age while others seem to have their whole life figured out. Or by how much money they want to have.
Your plans are your prison.
"You cannot get extraordinary results from ordinary efforts". 💯
You can if you are born into wealth. That's how the vast majority are wealthy. It was never earned.
@@miz4535 wealth is a revolving door, people are constantly entering and exiting. Sometimes intergenerational, sometimes intragenerational. Most wealthy families lose their money by the third generation. 80% of American millionaires are first generation. There's always churn.
@@miz4535 Ding ding ding, we have a winner! (Somebody paid attention at the school of Life)
love this tip: "thinking expansively and connecting with the right people" ... that's the step I'm working on now!
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Becoming a millionaire takes a mindset shift more than hard work. Great video!
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Yup. Total mindset shift. Teaching your brain to create new neural networks in abundance thinking!
Life is short. We can die any time! The idea is not to be 100% focused. Always needs a balance!
I am 22. I started independency since age of 18. I would say I am one of the 'Woke' people. I am obsessed to succeed. Started working my designs, mockups... now 3 weeks in and still going. Trying hard. I am not unfamiliar with living below the means. Goal is to make something of myself in next 3-5 years. If it comes earlier great. I do learn things on my own...only one that knows English that good in family. So I am actually on my own down that road of success that we know exists, that makes us ask how is that possible even. Despite everything we are taught, there is the other side, that gem we are looking to find. Now took a book from Gary Vee, doing that website, putting on mockups, learning about platforms and how to use them. It will be a fun journey definitely.
"How big would you dream, if you knew you couldn't fail?"
So glad to hear how optimistic you are towards life and how you believe in the power of dreams. It's very true as you said, how Big one would dream if they know they couldn't fail. I wish you success on your path to success!
Would like to connect to you on any of the social platforms, you if like.
And all the best
Can you give ur mail
I'm 22 too! Trying to make my way in London. It certainly doesnt feel easy when it seems as though the world is against you, but through perseverence we can succeed. The economy may be in turmoil, but there is always money to be made if we play our cards right.
Well done you
You get it, it’s already yours🙏🏻
Welll done Nischa, I left a full time teaching job and built a 6 figure online weight loss coaching business in 12 months following some of these principles
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Wow how you did it
Excellent advice! Living below your means is such a powerful tool that too many people don't take advantage of
I can't express how much inspiring your videos are. It's just feel so good seeing your journey to success. Keep doing the great work and wishing you more and more success. Now, your playlists are always opened in my tab. Thanks a lot
You are simply brilliant in what you extract from the books, implement and articulate.
Just followed you recently and watched some of your videos. Really like the way you convey your messages. Personal and likeable. Keep going. Motivates me to improve my youtube content.
Oh this is so inspiring for so many. I reached that goal in my late 20s and have had similar experiences but the thing that helped me the most was living below my means. I rented a studio for the looongest time but one I reached the goal I finally allowed myself to move into a bigger apartment :) Good luck with your goal Nischa!
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Thanks for sharing your plan, here's mine: there are 2 things that compound (1) money and (2) skills. The number one condition for compounding is consistency. So focusing on one skill / area of expertise for a long amount of time will lead to a disproportional expertise. So for me this is websites. I am much more confident that if I focus on websites for 15-20 years that I can charge 250k+ for a month of work than that I can actually will focus on websites for such a long period of time. Pick one thing and stay consistent is key!
lol you're delusional
@@UXDA_Official maybe :)
I just believe that if I stay disciplined for the next 15 years, I’ll become a millionaire with my stem job, I’ll be 38 and I’ll retire. I truly believe that we should work and stay healthy while we’re young and just enjoy life the rest of the time.
I’m basically you 15yrs in the future. Would you retire at 1M? Or 2 or 3M?
Deciding whether to retire or keep working now.
Thinking beyond the common sense and connecting with the right people! Thank you for sharing this. I love it.
Thank you for keeping it 100%. You seem to have a concrete game plan.
If only more people understood the power of compounding we would have an entire generation of success stories.
I simply like you. Your straightforwardness is refreshing.
Love her insights on how even small things in the moment can account to sth substantially large in the future that could benefit you. Also, the idea on sharing your thoughts and your plans to help people get started with their plans is a brilliant one!
Keep going 👍
First time hearing about the Moneymaking superpower and the components that make it up. I was also quiet surprised by what that penny amounted to in 30 days.
Great video!
Can we talk about the fact that this video is condensed down to 8 minutes!? Well done mammm 💓🥰
This is such a good video, things like smartest person in the room is something I've always lived by but you put so much meat onto the concepts around that in such a eloquent manner. Some of these things I've been trying to explain to others but never said it nearly as well as you just did. Always challenge the status quo indeed. Its even helped me working for a NYSE listed business to run my own because when you think of everything as ROI, including time, its not even worth trying to self source solutions for things like taxes. Economy of scale is almost always applicable.
This is the stuff they should teach in school but they don't! Almost all people learn the hard way about money, you have to ask why that is ?? Great content and advise Nischa! X
Unfortunately the economy REQUIRES us to buy as much crap as we can physically buy, then take out loans to buy even more crap. I don't think the government would be too happy if we all started thinking rationally about our general consumeristic intents, hence why they'd rather us learn all about oxbow lakes instead :p
I won't be surprised when you actually become a millionaire, Nischa! The strategy is great, but there's a lot more in your approach and personality. After watching this one video I immediately felt the professionalism and attention to details. Happy to follow your journey, thank you for sharing your plan and dreaming big!
Great post, the paradox of abundance plays into this! You and everyone else can win, you just have to have the right knowledge, or better yet speak the right way. So many people get better jobs than me simply by how they speak, not because they’re better for the job, that’s just how the world works.
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Greetings from Brazil, Nischa!
Thank you for your videos.
I’m a Financial Planner.
Have a nice life.
Loved it when you said we all have money making superpowers and just listening to you made me realize what I might not have u unleased so far
Now I have more knowledge about personal finance. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 42 and my husband is 40, we are both retired being financial independent, no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the financial market made it possible for us this early even till now we earn monthly through passive income.
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were u both escorts???
I’ve been on my millionaire goal since when 17. I started investing when I just turned 17 through the help of my mother. I’m currently 24 and my investment portfolio holds, stocks, cryptocurrencies,etfs, rentals, REITS, and I’m currently earning a monthly income of 200,000£ from my portfolio. I’m very sure I’m going to reach my goal from investing and compounding my profits.
You started really early, I wish I had this type of knowledge even at 24.
This sounds easy, but I'm very sure a lot of work must have gone into developing your investments, I'm still a beginning my own journey but I admire yours, this is actually all the motivation i need.
@@rachelarschin3446 it’s never to late to start.
@@shahidi1567 it’s about as easy as it sounds, I still consider myself a beginner because I learn everyday.
I just want to know, how do you manage your investments efficiently? I’ve been investing in stocks on and off, but managing my investments has always been challenging for me.
I discovered your channel a couple of days ago. You are so inspiring, thanks for your positive and brilliant mind!
This is so inspiring thanks for sharing your story. I started my path to reinventing myself a year ago, I'm now living healthier, confident, stronger, making 6 figures, having leisure to enjoy family &friends. I feel happier and living my life for myself. This is to encourage someone "you can start anytime to have a reset it's worth it! I'm striving to continue growing cus it's a journey❤💓💓
100% on board with You, Great ideas and guidance for making and growing our money. Great video here, and yes I agree wealth is a continuum not a static state, which is one of your main points, i love that. compounding in all areas of life like you said leads to what we will become or achieve. I love the tie in you demonstrate between finances and other areas of our lives. so very true, our daily and frequent choices lead us to our goals or away from our goals choice by choice. so I am going to join you Nischa and lets make those efforts for healthy financial growth. as well as other areas of our life.
Your really doing awesome with Your CZcams channel and I love your videos, well worth all the time spent watching and learning from you. Thanks for taking the time to make each video! I am a huge fan! 💖
Thanks so much 🧡
@@nischa Your welcome Nischa, good job! 💖
Thank you so much for this video, I really appreciate the advice and tips you provided. It is just a matter of finding what I want in life and surrounding myself with the right crowd to motivate me to succeed.
Now I have more knowledge on this. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth. I went through a lot of financial crisis during my divorce, I had to raise my two kids alone, Currently I'm living smart and frugal with my money. Saving and investing lifestyle in the financial market made it possible for me; even till now I earn monthly through passive income. I'm planning on retiring when my kids finish college.
I can relate to having a list of people of high mental, physical, spiritual and financial excellence; experts and masters from the past and present, male and female, who I look up to. I also have various quote archives for different areas from people that have evergreen reminders that I reflect on that keeps me motivated and focused.
Discipline is all you need now! I got there at age 28, 20 odd years ago!
i think reading finans books is a shortcut to create a wealth. I'm currently living with my parents and I disturb them all day by telling what I read every day. I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.
I think you are giving great advice...however you forgot the main thing where I think most people fail: having the discipline to continuously be busy with this mindset and habits. I hope you'll succeed in reaching your goals as you are inspiring and motivating others by sharing your knowledge with a 'non-compelling tone of voice'.
Thanks a lot! I instantly bought The Slight Edge as an audio book. 👌🏻
There should be no reason you didn’t become a millionaire in the digital era where technology is available to your advantage. Ideas are limitless.
Love from Las Vegas, NV
If everyone is a millionaire, no one is a millionaire.
After working in IB one thing i have learnt for sure is that there’s much more to life than money… trust me.
What is IB?
@@swapnalipatil9415 investment banking
This is an endeavor i've been thinking a lot about and haven't found a way plan that i can use just yet... so thank u for this
Your contents are so interesting, useful & inspiring. Keep up the amazing work. Thank You!
I hope you reach your goals, but I even more hope that you won't be disappointed. Money won't make you happy. It's comfy to have some, but there are way more important things in life. And, when you're old, remember you can't take anything with you. So my advice to you: Have fun, love, have a family and save some.
Interesting fact, the Wright Brothers' plane was actually made from Pine and Ash, it was parts of the engine were partly built from aluminium to make the engine light enough to lift it up into the air.
Love your content Nischa! Your videos are so informative and you are so easy to listen to. Love it!!
I love this video and know you will be a millionaire very soon. You have the knowledge, right mindset and desire. You do not want to be a ‘wage slave’ until you are old and let someone else make a fortune off of your hard work. Biggest thing you said is live below your means BUT also save and invest. Most people want to accumulate things that cost money but really don’t bring enjoyment in the long run. I really admire you for lots of reason. Wish we could meet. By the way, I have done what you are talking about. I admire people who think like this. Thanks for sharing. I really wish I knew what nationality was in your blood.
It is hard to make value in this years. We are running in circle!
I became a multi millionaire by purchasing a cash based business at my first 100k, repeat and rinse, than I realized its easier to not be transparent in a cash based business and laundered money to become multi millionaire and slowly legalized it by dividend stocks, food and beverage businesses, and using services out shore for tax compliance. Easier said than done though and being restless isn't great. But its all good now.
Where are you from? Didn't you get caught?
So you're a criminal?
@@FunkySkeet Never broken a law. So not one.
What are you done exactly? Can you explain more in details?@@vikramganasen
Nischa I enjoy your take on finance.
Fantastic tips! I really appreciate the advice in this video, and it is helping me a lot. It’s something I've been focusing on my channel, and it’s great to see that it really makes a difference. Thank you so much for the inspiration!
Hey Nischa,
Great video. I love your honesty and straightforward advice. It’s like a friend helping out another friend. Keep going. You are doing great.
Thank you, i love that!
You will make it big. Absolutely amazing.
You're a great Speaker beside your knowledge
one point . obvious . creating a video on youtube is one to make money . what i like about there was no course or product being pitched . that's good . just great, nischa !
Being a millionaire isn't even my personal goal tbh, but of course I see the advantages of it. I think it's more important to enjoy life, with (of course) a job and a financial plan (monthly/annual savings), but also with a lot of free time. I know it's very tempting to work more to earn more money, but the actual thing is; we live NOW, maybe not later. ;) Enjoy life now you can, while we're still young. That's the message here. All the material things and money don't mean anything when you become life threatening sick/ill. So earn a good amount, save a good amount, but also enjoy life a lot. Me personal, I work no more than 32 hours a week. I earn a decent salary (but definitely not as high as Nischa), and I can save a nice amount monthly, and that's it. Early retirement is possible if I continue with doing this. I think I could probably stop around age 50.
Well said
You've left out something important which I caught from one of your earlier videos - angel investing. If you take time and hone in your skills in identifying and assessing potential angel investment opportunities. Couple this with the right investment product, this alone can make u a multi millionaire in a decent period of time.
What is angel investment?
Great video. No doubt you'll smash your goals 🙌
Love it!
And great to see you growing🤩
I need to read the Slight Edge. The concept sounds pretty similar to the book titled The Compound Effect.
She looked 32 when she was 19 years old, but now she's 32 and looks 19 years old. What is going on here...
Good observation! I thought the same too
Money come. Age stop ageing 😂
Affluence and happiness are great rejuvenators 🤣 Love this girl!
I think she lost some weight and got a bit toned up
Plastic surgery when she got money😊😅
Let me first say what a beautiful woman! Now that, that’s out of the way, this was very inspiring. I’m presently in a place of transition and working on different ideas and this video was very informative and uplifting. Thank you!
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?
My original goal was to become a millionaire by 32, but unfortunately it didnt happen. Now my goal is to become millionaire or even multimillionaire by the time I am 40.
I hope it happens to you, but if it doesn't happen for you by 40, what will you do next?
Dear Nischa, A another super inspirational video which everybody should watch. Though a few may not grasp the authenticity or the sincerity of your genuine experiences, there is a wide audience (me included) watching your beautiful pearls of wisdom. Please keep producing more videos. Thumbs up and already subscribed. Thank you & best of luck.
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Great plan of principals, do you expect to care for your children and family with those resources or remain focused on growing your wealth? Does your committed peer (or higher) earning partner share the same goals? Whatever actual product, service, or information you'll be exploiting seems well packed with principals of success (i.e. there was not specific ventures mentioned, like starting a makeup line or clothing brand).
you are so pretty and confident and calm!
should have mentioned that in the process people think you're crazy, you'll never make it... but most of all you're often lonely.
Obviously the above changes once you make it.
Oh yeh the 'lonely' point. People like to talk about that especially in the future at some arbitrary aged but it's bs anyway because life is transient. In a 100 years the question of loneliness won't have meant anything.
I'm so much in love with you and the value you create! Would love to hear your thoughts on how to navigate through this recession. Thanks.
Amazing & Insightful , Thank you Nischa !
The Slight Edge. A Penny for your thoughts will make you rich..Your channel is extremely thought provocative. You are doing a great job 👏. Thank you for sharing !
Love these videos, they can be quite powerful for young women.
Getting to millionaire status is not too hard. However, to give up work and live of those investments and making sure those investments do not go belly up is an issue.
Agree- it takes a good amount of planning
@@nischa hi 👋 how are you ? Can I your mobile number ?
You should do a video on your financial endgame plan. I am going to guess it is either the standard going down family road with children leave inheritance alongside doing some charity work, or it'll be wholly used for acts of service and that's what you will get into when much older or you'll spend it on yourself later on once you have grown it to a reasonable size or you want to grow it as much as you can not do much with it and leave it for inheritance laws to deal with. Somehow I don't think it is one of the last two.
Thank you so much for the knowledge. Very Inspiring, keep up the great work.
Very inspiring! What kind of assets do you have currently that allows you to have passive income streams?
Imma be a millionaire someday 🙏
Thanks for the blueprint
Love reading this - we got this 💪🏼
She was 19, now she is 29 and she wants to be a millionaire by 32. She is a beautiful girl but she looks almost 40. Very smart and intelligent
Are you blind? How does she look 40?
You will definitely be a millionaire! Them and you seem pretty good at evading taxes!
Hi, I made my first million at 27! Pure luck…
Work smart not hard, but gotta work hard so we can work smart 😓 weird paradox
Thank you for your transparency! Agree!! living below your means is a good one. Try to earn more money to invest more is a great hack to wealth. You will def become a millionaire, don't forget to enjoy the journey 😉 Great content
You're helping us by telling us how you going to help yourself. Brilliant and practical!
So happy I found your channel ❤
Thank you!
Hello Nischa! Just found your channel and appreciate the knowledge you’ve shared and have just subscribed to your substack! I have a question, I am currently 22 and took years after HS to work and save money and now I am ready to go to college full time starting January of 2023. My concern is that by the time I graduate or start interning (25-26 y/o) will I be considered too old to start as an analyst in IB? In your years working in IB have you seen scenarios close to mine and do you have any advice or tips? Thank you in advance!
I live in NYC and work in banking at JPM. Starting your education journey later in life is okay. There is no shame. You just need to develop an adequate, justifiable reason as to "why."
@@praise2609 thank you for this. Wishing you the best in your career!
🎉
beautifully put together. short and sweet, keep it going 👍
It is okay to spend more money than you do now when you start earning more money. Just make sure the overall percentage of what you spend is less than the percentage you were spending from your previous income. That way you are increasing the amount you are saving/investing in your future, while still being able to enjoy a few extra things from your additional expenditure. Striking the right balance between spending/saving is key in order to enable you to have a better quality of life in the future.
Love your videos! Would love to see more of your minimalist lifestyle (you once mentioned you live below your means) and your daily routine
I have one on my channel of my spending :)
this is my first time on this channel and eishhh i love it, what's being said is definitely right and motivating and I would like to thank you for the accurate information you are providing and for your work
Are you Ghanaian?
@@itsnhyira No I’m not. Why?
@@Saaferoom the way you said eishhhh. Haha no offense
@@itsnhyira 😂😂 influence from them lol
On my own journey to become a millionaire at 30, hopefully within the next 5-10 years. Starting from $0 ... WE CAN ALL DO IT
Great video thank you!!!! Very inspirational and thanks for teaching us all to dream big :)
The english that you are speaking is very good and to reach to many peoples please give subtitles so the good content you produce will definitely reach millions.... Awesome content though....
thanks for the suggestion - done
I love your drive, and can relate so strongly to everything you’re saying 🙌👌
Thank you
Great advice, compound interest works wonders when time elapses on your investments
This is extremely insightful. Thank you for sharing!
Gaining subscribers this fast is also a great achievement and will be a source of substantial income if it gets popular that much. However, in video/content creation, graph is not linear, it is rather symmetric and, if handled properly, can reduce the flattening of curve in the long run. Need to focus on what viewers want to see, i.e current trends and most talked about topics. Good to see growth of this channel.
I became a millionaire (£ sterling) last year, aged 56. It took 20 years because I had to begin from scratch aged 36, following a poor investment decision. 1 £million isn't a fortune these days and I certainly don't feel rich, but it's nice to have as I think about retirement. Of course, I could lose half of it (probably more) tomorrow, if my wife decides she wants rid of me!
Don’t give such ideas to your wife, man 😂 Appreciate her and everything that you have 🎉 God bless 😊
You explain things so well! Creating my master plan now! 🎉