MONEY MADE

SIMPLE with NISCHA

www.nischa.me
 THROUGH SPENDING 9 YEARS
WORKING IN THE FINANCIAL
INDUSTRY I REALISED THAT

01 02
The ‘experts’ love making it Money goals will provide
sound more complicated direction and give you
than it is, so you feel that you motivation, but it is a well-
have to pay thousands for designed system that will
their advice always win

03 04
Most of us are missing the When it comes to investing, you
big wins and are leaving don’t need to try to beat the
money on the table without market, you need to focus on
even realising what wins time and time again

05
Defining your lifestyle is the most
important thing you can do to live
a fulfilled life where you are in
control of your money, not your
money in control of you
 What the other
Money Experts
don’t tell you

THEY MAKE IT WAY SOUND

MORE COMPLICATED THAN
IT NEEDS TO BE.
The so-called, financial experts, love making
everything ‘personal finance’ related seem
overly complex. With a load of jargon, there is
no wonder so many people pay thousands to
others to handle their money for them. It’s
either that or listening to the countless
advice on which cash-back sites to use.

FOCUS ON SETTING SYSTEMS

How often have you said you are going to
commit to saving a portion of your next
paycheck? Then that day comes and you either
forgot you said it, or you convince yourself that
it’s not important enough and you will spend
on something else that you didn’t need.
Focusing on
The surefire way to stay on top of your finances
is to set up systems that will make your money
work hard without you having to keep up.
 WORK SMARTER INSTEAD
OF HARDER
Define your lifestyle, focus on the big
wins and cut on the things you don’t
need. With the things you DO need and
want, I’ll show you how to make sure
you’re not leaving any money on the
table and you’re getting the most value
for what you pay for.

PAY OFF YOUR DEBT & BUILD

YOUR CREDIT
Why does building your credit score have
to feel so daunting? I’ll show you why you
need a good credit score as well as the
optimal way to pay off your debt.

INVEST AND MAKE MORE MONEY

If you want to build true wealth you need to think
of both sides of the equation. Both how you can
save more money but also how you can make more
money because the saving money side has a cap,
whereas the making money side is infinite and
whilst there are 101 ways to make money through
side hustles, the single most effective way to get
rich is through investing in diversified portfolios. I
will share the right retirement accounts that beat
the ‘experts’ in the long term?
MONEY MADE
SIMPLE with NISCHA

01
MONEY MISTAKES YOU WANT
TO AVOID

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01 MONEY MISTAKES
YOU WANT TO AVOID

Mistake #1
Paying thousands for good personal
finance advice

Most of us don’t need to know how to set up complicated

tax structures in the cayman islands and don’t want to take
a gamble on that stock that is “guaranteed” (no such thing)
to give us a 5x return on our investment.

IF YOU STRIP EVERYTHING AWAY, THE REAL,

CORE BASICS OF PERSONAL FINANCE IS
ABOUT:

"
Increasing the gap between your
expenses and income as much as
possible and then investing and
diversifying the difference, whilst
having enough left over to enjoy
your life"

The financial advisors that make it sound more complicated than

that are after your money, and everything that you need to know
about those three rules can be explained in simple, actionable terms.
01 MONEY MISTAKES
YOU WANT TO AVOID

Mistake #2
Burying your head in the sand

How will you get where you want to be financially if you

don’t know where you are right now and where your
money is going?

LET'S BE REALISTIC, RELYING ON AN OVERLY-COMPLICATED TRACKER AND

YOUR WILLPOWER TO SAVE MONEY IS ONLY GOING TO MAKE THINGS WORSE
THAT’S WHY YOU NEED TO:

01 - KEEP IT SIMPLE
Use a personal finance tracker that will give you a
snapshot of everything, all your incoming and
outgoing expenses so that you’re not missing
anything (I have one available for free if you prefer
to use the same one: LINK HERE).

02 - FOCUS ON SYSTEMS
Set up the systems that let you live your life now,
and get to your financial goals WHILST still being
able to save in the background.

Zone of G r o w t h
Long-term

Sustainability
A = the right systems
B = Relying on willpoweer
Effort
01 MONEY MISTAKES
YOU WANT TO AVOID

Mistake #3
Thinking you can save yourself to
wealth.
There is plenty of advice telling you about things you should
cut back on, and yes – reducing your expenses is part of the
equation, but for every year that you are focusing on just
saving, you are losing a year on investing – and that is going
to cost you a LOT more. People forget the easiest way to get
rich. Compound interest.

COMPOUND INTEREST
A RIDICULOUSLY EASY WAY TO GET RICH

$1 500 000
and retire here

$1 000 000

and retire here

$500 000

$0
25 30 35 40 45 50 55 60 62 65

start know or later 62 (min age to retire)

 01 MONEY MISTAKES
YOU WANT TO AVOID

Mistake #3
Thinking you can save yourself to
wealth.
Look at the chart carefully.

Sharp Sara Careless Carl

How old when they

25 years old 35 years old
start investing

Each invested
10 years 30 years
$100/month for...

With an 8% rate of $200,061 $149,036

return, at age 65 their even though he
voilá - the value
invested 3x as long,
accounts are worth... of staring early
he's still behind

Let me explain...
Sara invests less than Carl but ends up with about $50,000 more. She
invests $100/month from age 25 and never touches her money again.
Carl on the other hand WAITS to do anything with his money. He doesn't
start investing until he's 35. Then he invests the same $100/month every
year until he's 65. So whilst Sara only invested her money for 10 years
and Carl invested for 30, by the age of 65 she is $50,000 ahead. Let that
sink in. Every day you wait is costing you money.
MONEY MADE
SIMPLE with NISCHA

02
SETTING UP THE
SYSTEMS

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 02 SETTING UP THE
SYSTEMS

As James Clear said in his book the Atomic Habits,

"
YOU DO NOT RISE TO THE LEVEL OF
YOUR GOALS. YOU FALL TO THE
LEVEL OF YOUR SYSTEMS. "

This cannot be truer when it

comes to your finances,
you want the process of
your money machine
working for you so that you
have to do as less work as
possible in the process and
this is one of the best
things you can do for your
finances.

Once you’ve mastered this, you will give yourself so much

bandwidth, mental-capacity, let alone additional money to
start investing.
02 SETTING UP THE
SYSTEMS

HOW TO SET UP YOUR SYSTEMS SO THAT YOUR MONEY

IS GOING WHERE YOU NEED IT TO ON PAYDAY:

AUTOMATION
Let's see how.

Salary 5% 401k /PENSION

95%

Current/ Checking Roth IRA/

Savings 5% 5%
Account ISA

85%

Miscellaneous
Credit Card Bills
02 SETTING UP THE
SYSTEMS

Why this is Helpful?

Because it removes any excuse you
have in saving, it encompasses the
pay yourself first rule.

When you pay yourself first and treat

paying yourself as you would paying
any other bill, you’re mentally
establishing saving as a priority.

PAYING YOURSELF FIRST ENCOURAGES SOUND

FINANCIAL HABITS.

Most people spend their money in

the following order: bills, fun, and
saving. Unsurprisingly, there’s
usually little left over to put in the
bank. But if you bump saving &
investing to the front — saving,
bills, fun — you’re able to set the
money aside before it slips
through your fingers.
02 SETTING UP THE
SYSTEMS

SPENDING RECOMMENDATION

50 / 30 / 20 Rule

50%-60%
FIXED COSTS
things like rent, utilities, and
repaying debt should make up 50%
of your after-tax income

20%-30%
INVESTMENTS
things like your Roth IRA/ Pension
and 401k/ISA should be about 10%
of your after-tax income and
another 10% should go towards
your savings, big or small –
downpayment for a house,
vacation or gifts.

5%-20%
WHAT MAKES YOUR HEART SING
Things like dining out, drinking, and
other luxury spending should make
up 30% of your after-tax income.
 02 SETTING UP THE
SYSTEMS

SPENDING RECOMMENDATION

If you look through your finance tracker and

have a clear idea of where your money is going,
you will be able to further categorise your
spending habits and subtract them from your
take-home pay.

But, here’s the thing – the 20-30% is

only after you’ve built up an emergency
fund. Life will throw at you plenty of
unexpected, unpredictable surprises. Be
planned.

Do this before you start saving for

The recommended anything else, after that you want to
amount for this to simultaneously put in money every
month that contributes to your
start with is $1000 emergency fund as it does with your
other savings and investments account
(or equivalent). until you have at least 3-6 months of an
immortality buffer behind you. You will
be surprised at the amount of mental
peace and clarity this gives you. Doing
this will help you keep your systems in
place and flowing without having to dip
into any of the other accounts.
MONEY MADE
SIMPLE with NISCHA

03
WORK SMARTER
NOT HARDER

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03 WORK SMARTER
NOT HARDER

We’ve set the money systems up, we know where our

money is going automatically and we have ‘justified’
spending every month.

Now let's talk about how we

can get a little more cash
going into each of these
accounts, and one of the
easiest and quickest ways to
do that is by tightening the belt
on the money that is already
going out and seeing how you
can get more for less.

ONE OF THE REASONS IT IS SO IMPORTANT TO DEFINE

YOUR LIFESTYLE AS WE DID EARLIER IS TO KEEP
SPENDING ON WHAT MAKES YOU HAPPY AND
RUTHLESSLY NEGOTIATE OR CUT OUT ON EVERYTHING
ELSE.
03 WORK SMARTER
NOT HARDER

When going through your fixed bills ask yourself

these three questions:

1º Do I need it?

2º Can I live with less of it?

3º Can I get it for cheaper?

Unless you’re already on top of managing your money, then number

1 above is likely to apply for a large portion of your bills including
Credit card and bank fees, car insurance, and mobile phone bill. You
can most likely get it for less. So how do you go about it? Let's use
lowering your phone bill as an example (which can be applied to
virtually any subscription you’re paying).

So how do you go about

"
GETTING IT FOR LESS?"?
Let's use lowering your phone bill as an
example (which can be applied to
virtually any subscription you’re paying).
03 WORK SMARTER
NOT HARDER

1º Step 1
Compare other providers that offer the same usage as you.
For example, I am on Vodafone so I will look at Three (3),
EE and 02. If you’re in the US and you’re using Verizon, you
may want to look at Sprint and AT&T. Do the same for
wherever you’re located go to their websites and write
down how much your plan costs with them, or what else
they are offering (include how many minutes you get and
any other benefits).

2º Step 2
Can you get it for cheaper? Call your phone company

3º Step 3 - give them a call

Start with all the niceties, talk about the weather as we
usually do. Don’t start aggressively because a) there is no
need and b) they have the upper hand and they can
choose whether or not they want to give you the discount
so start on the right foot! Lets talk about the word for
word script you can use (next page)
03 WORK SMARTER
NOT HARDER
3º Script
For example:
You: Hi, I’ve been a customer with you for a while now and looking at my plan it is getting
out of my budget, is there another plan you can offer that could cut the costs and help me
save money?

Provider: The plan you are on is one of the best ones available and it is the best price we
can offer. You are still within your contract period though and so if you do decide to
change you will have to pay an early cancellation fee.

You: The cost I will be saving from switching contracts will be more than the amount I will
be paying for the cancellation fee. Plus I had a look at x’s website and they are offering this
plan for significantly less (remember don’t lie here – it’s the internet age, and everyone has
access to the same information!)

Provider: There’s nothing we can do, sorry.

You: OK, can you put me through to the cancellation departments

(When they hear you say this they will almost certainly put you through to the customer
retention department first – the group that has all the free deals and discounts up their
sleeve). Note, sometimes they will just skip this and send you through to the cancellation
department, in which case you can see if they put you through to customer retention, or
you can hang up and try again and directly ask to be put through to customer retention.

Through to customer retention: Time to pull out the competitive plan again.

You: Hi, I would love to stay with you, but provider B is offering something for X amount
less, so unless there are any other plans you have it will make more sense for me to switch
over

You can use this script and

technique for any subscription
you have. Remember, it costs
the company a lot more to lose
if you’ve been with you as a customer than it does
them for years to lose the small amount of
money you are saving so they
make sure you say are going to be doing what
that as it helps if they can to keep you and will
you’re a valued be willing to negotiate. Most
people don’t bother doing this,
customer who’s and they are leaving so much
stuck around. money on the table.
MONEY MADE
SIMPLE with NISCHA

04
PAY OFF YOUR DEBT
& BUILD YOUR CREDIT

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04 PAY OFF YOUR DEBT &
BUILD YOUR CREDIT

Why does building your credit

score have to feel so daunting?
I’ll show you why you need a good
credit score as well as the optimal
way to pay off your debt.

5 STEPS TO PAY OFF YOUR DEBT

1º Figure out how much debt you have

2º Decide what to pay off first

3º Negotiate a lower interest rate

4º Decide how you are going to repay

your debt and where this money will
come from

5º Begin

To show you how costly not paying down your debt can be, I wanted
to give you a quick example of small, relatively inexpensive items
that could be costing you thousands more because you haven't
tackled your debt strategically.
04 PAY OFF YOUR DEBT &
BUILD YOUR CREDIT

One of the biggest problems with credit cards is the

hidden cost of using them. It may be incredibly
convenient to swipe your card at every retailer, but if you
don't pay your bill the same month, you'll end up owing
way more than you realize.

Take, for instance, a computer screen. It looks like it costs $250, but
if you buy it using a credit card with an average 14% APR and a 4%
minimum payment, and then only pay the minimum each month,
you'll be out almost 20 per cent more in total.

Lets say you Paying minimum payments, it You'll pay this much in
buy this... will take this long to pay off.. Interest...

Computer screen
2 years 6 months $47
$250

Laptop
7 years 9 months $562
$1,500

Furniture
13 years 3 months $4,062
$10,000

If you paid only the minimum monthly balance on your $10,000 purchase, it
would take you more than 13 years and cost you more than $4,000 in
interest alone. Furthermore, this doesn't even factor in the “opportunity
cost” of instead of paying off a $10,000 sofa in 13 years, if you had invested
the same amount, assuming an 8% return, it would've turned into about
$27,000!
04 PAY OFF YOUR DEBT &
BUILD YOUR CREDIT

THOSE WITH LOANS OR CREDIT CARDS

SAVINGS ARE SERIOUSLY OVERSPENDING
BUT THE SOLUTION MAY BE
Simple.

Many should just pay the

debts off before they save.
With credit cards you may
even want to forget the old
'must have an emergency
savings fund' logic as
getting rid of debt may
beat that too.
04 PAY OFF YOUR DEBT &
BUILD YOUR CREDIT

$1,000 debt ON A CREDIT

CARD AT 22% IN costs $220
INTEREST OVER A YEAR.

$1,000 saved ON A CREDIT

CARD AT 3% IN earns $30
INTEREST OVER A YEAR.

So pay off the debt with the savings and you're $190 a year
better off. Debts usually cost more than savings earn. Cancel
them out and you're better off with two exceptions to the rule:

01
If you're locked into the debt,
so that paying it off incurs a
penalty, as with some loans or
mortgages, then leave the cash
sitting in a savings account
Penalty until the penalty's small
enough that it doesn't matter.

02
If the interest rate on your
debt is less than the
amount your savings earn
after tax then, providing
you're financially
disciplined, you can profit
from building up savings The interest-
and keep the debts. In free /cheap
effect, you're being paid on debt
money lent to you by the
banks for nothing.
04 PAY OFF YOUR DEBT &
BUILD YOUR CREDIT

Many people, however, have

much more debt than savings. So
even if you use all your cash to
pay them off, you'll still have
debts left. Therefore, it's
important you prioritise using
your savings to get rid of the most
expensive debts.

Before you do this,

check to see if you can lower any of your debt's interest rates. (check
out balance transfer cards: With a 0% balance transfer you get a new
card to pay off debt on old credit and store cards, so you owe it
instead, but at 0% interest. A card will have a 0% period, during
which you pay no interest – for example, 28 months – and sometimes
you'll pay a small fee. It means you become debt-free quicker, as
more of your repayments reduce the debt, rather than pay interest)

ONCE YOUR DEBTS ARE AS CHEAP AS THEY CAN BE,

LIST WHERE THEY ARE AND THE AMOUNT OF DEBT THAT
YOU HAVE. THEN USE YOUR SAVINGS (OR SPARE CASH)
TO PAY OFF THE MOST COSTLY DEBTS FIRST.
MONEY MADE
SIMPLE with NISCHA

05
INVEST AND MAKE
MORE MONEY

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05 INVEST AND MAKE
MORE MONEY

THREE PARTS TO A SUCCESSFUL INVESTOR:

01
Do the initial research
based on your risk
appetite

Research RISK

02
Consistency is key.
Here's a quick illustration of the
power of continually adding
money to your investment
account:
Savings
Continued
contribuitions
Be disciplined
One time
contribuition

5 10 20 30 Years

When it comes to money, it's very easy to end up like most

people – just doing nothing. What you want to do is open up a
tax-advantageous brokerage account – you can google "best
brokerage account “insert country you are in” and go for that.

I personally use Trading 212 (Europe) and Vanguard.

05 INVEST AND MAKE
MORE MONEY

THREE PARTS TO A SUCCESSFUL INVESTOR:

03
the best time to plant a tree
was 10 years ago, the second
best time is now

ONE OF THE MOST

Start early
IMPORTANT THINGS
YOU CAN DO.
Here’s why

$ 2,000/year at 10% annual return

$1 000 000

$750 000 Age 27-65 Age 19-26

Total Investment...$78,000 Total Investment.........$16,000

$500 000 Total value...............$883,185

Total value...................$1,035,148
Earnings beyond
investment..............$805,185
Earnings beyond
investment.................$1,019,14
$250 000
8

$0
19 . 26 27 . . . . . . . 65
 05 INVEST AND MAKE
MORE MONEY

The chart above shows two

different scenarios:

YOU START INVESTING AT 19 AND CONTRIBUTE

$2,000 TO YOUR ACCOUNT EVERY YEAR UNTIL YOU
REACH 27. FROM 27 TO 65, YOU CONTRIBUTE $0.

FROM 19 TO 26, YOU DON’T INVEST ANYTHING. YOU

START INVESTING AT 27 AND CONTRIBUTE $2,000 TO
YOUR ACCOUNT EVERY YEAR UNTIL YOU TURN 65.

In the first scenario, you’re only saving and investing for eight years;
in the second, you’re saving and investing for 39 years. Still, the
person who starts at age 19 would end up with more money in their
portfolio in the long run.
Assuming a 10% rate of return, the first person would have $1.02
million by 65, while the second person would have $805,185, a
difference of more than $200,000.
05 INVEST AND MAKE
MORE MONEY

IF THAT DOESN’T ILLUSTRATE THE IMPORTANCE

OF COMPOUNDING HAVE A LOOK AT THIS,

Savings Where would you be if

you started investing
$10 per week 10 years
ago, receiving an
average market
return of 8%.
0 1 5 10 Years

By now, you'd have returned thousands of dollars – all

from investing a little more than $1 per day. Think about
that $10 a week – where did it go, anyway?

If you're like most people,

you probably don’t even
know where that money
went – lunches, uberEats,
It's not hard to become rich.
anything and everything It's not hard to become rich.
else? Even though there will But it takes work and
be dips and troughs in the consistent saving, so it's far
stock market, if you zoom easier for a lot of people to
out and look at it from a put it off for someday in the
long-term perspective, the future. Unfortunately, every
best thing you can do is extra year you wait to start
start investing early. investing makes it
dramatically harder to make
the same amount of money.
 05 INVEST AND MAKE
MORE MONEY

AND ANOTHER IS THE CONTRIBUTION TO YOUR WORKPLACE

PENSION (401K IF YOU’RE IN THE US).

Whilst most people in the UK are

automatically enrolled into the Public sector Overall Private sector
workplace pension, they either 100%

don’t know that they have or they

aren’t maxing it out and are 75%

contributing the bare minimum.

Key takeaway (even if you're not 50%

super young), by doing just those

two things 1) Starting to invest and 25%

setting up your investment

account and 2) Contributing to 0%
2009 2011 2015 2017 2019 2021
your workplace pension, you’re
positioning yourself to benefit
from the magic of compounding
and are ahead of the majority of
people

SO WHICH STOCKS DO YOU BUY TO

GET THIS ‘FREE’ MONEY?

You buy ALL of them.

There have been countless studies on
this over the last 40 years and what
they have all found is that the best
way to make money in the stock
market is to buy an “index fund”. The
same strategy was recommended by
Nobel Laureates and billionaire
investors, like Warren Buffett
05 INVEST AND MAKE
MORE MONEY

What it is an INDEX FUND ?

An index fund is the best way to invest in
the stock market. If you invest in one
company you are putting all your eggs in
one basket.

Now think of investing

in an index fund as a
basket full of baskets.
Essentially, when you
put, say £/$ 1,000 into
an index fund, you’re
buying shares in lots of
different companies.

The S&P500 is one example

of an index fund. It covers
the 500 biggest companies
in the USA (Apple, Facebook,
Amazon etc). So if you were
to put $1,000 in the S&P500,
you’d own a little bit of each
of these 500 huge
companies.
 05 INVEST AND MAKE
MORE MONEY

What it means?
It means you never have to
worry about what company to
buy stocks in, and your money
isn’t dependent on the
performance and outcome of
any one company. Instead,
your money is spread out
between these 500
companies and overall,
because the stock market
always goes up, you never
lose money over the long
term.

On top of that, if you are One thing to note, you also want to be
investing through a tax- setting up a reoccurring payment into
your account if you can (as we spoke
advantageous account
about in the setting systems part of
(i.e. through an ISA or a this guide).
Roth IRA) your gains are
tax-free.
MONEY MADE
SIMPLE with NISCHA

WANT TO KNOW HOW TO EARN

MORE MONEY AND START
PUTTING EVEN MORE MONEY
INTO ALL OF YOUR ACCOUNTS?

Sign up to my Money Simplified

program reopening soon

Learn more HERE

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