Finance Expert: The Truth About Buying a House and How Her 652015 Rule Built $200K in Passive Income!

The Diary Of A CEO with Steven Bartlett

FlightStory

Society & Culture, Business, Education

4.6 • 13.2K Ratings

🗓️ 21 July 2025

⏱️ 131 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	Hey Harry.
0:00.7	Hello mate.
0:01.5	Got any tips for the football?
0:02.8	Your best bet is to head over to Bet Victor.
0:04.9	They'll give a new customer as a terrific welcome offer. If you bet a minimum of £10, they'll give you £30 in three bets. Four, that's a steel of a deal. It's a good darn deal that'll make your squirrel for real. Neil? My name's not Neil. I know, bet it rhymes. Listen to Harry and make your best bet on the football at Betvictor.
0:03.8	18 plus opt in best bet on the football at BetVictor.
0:23.3	18 plus opt in and bet on any football marketing at odds of evens or greater no, cash out seven-day expiry terms and conditions apply. Gamblerware.org. We put a lot of pressure on people today that as soon as they start working, they need to get onto that property ladder. but there's ways to build wealth that don't require you to be in the real estate game,
0:20.6	including three numbers that everyone should know when it comes to their personal find they need to get onto that property ladder. But there's ways to build wealth that don't require you to be in the real estate game,
0:38.6	including three numbers that everyone should know when it comes to their personal finance, 65, 2015.
0:44.0	Just knowing that creates a better life of yourself.
0:46.6	Nisha Shah is the former high-profile investment banker turned financial mentor,
0:51.2	whose content has helped millions rethink their relationship with money,
0:54.7	break free from crippling debt, and take the first steps toward building lasting wealth.
0:59.3	Everything is trying to pull you away from your money.
1:01.4	Costs of living going up, prices going up, fighting against marketing to keep your money in your pocket.
1:06.2	You earned this.
1:07.5	So it's becoming harder and harder, and I've gone through this.
1:09.8	I followed society's version of money until I realised that if I continue living this way,
1:15.3	the freedom, the choice, options that I want aren't going to exist.
1:19.5	Um, hold on, give me a second.
1:23.8	And I felt really trapped at times, but I don't know how to escape.
1:27.4	And I know a lot of people are probably hearing this and thinking,
	...

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