Sunday

Imam Bukhari on Money



If you want to master money without compromising your Deen, check out the online seminar I'm doing "Millionaire Who Went to Jannah"
www.MuslimMoneyMaster.com


Tuesday

Financial Thermostats Making You Cold?

Question: A brother in Birmingham asked the following question regarding www.MuslimMoneyMaster.com:
How can I get out of neverending debt? Alhumdulillah, its all riba-free loans of brothers but since i got married, my expenses have shot up. whenever i pay off a loan, a big expense comes up like car insurance or moving costs, etc and i have to borrow again.
My Answer:
We all have a financial number (goal) in our minds that we fall back to or always build up to. Most of us choose this number unconsciously.
Examples...

Debt Riders: These are people who have their financial temperature set in a negative number. Even if they pay off their debts, they find a way to get back to their 'comfortable' negative number - be it negative 10 thousand, or negative 100 thousand in debt.

Break Eveners: These are the 'paycheque to paycheque' people. They only spend what they earn, and always find themselves around 'zero'.  Their financial temperature is set to zero.

The Savers: These are the people that have a number they are aiming for - say like 10 thousand. They save up till that amount, then they buy something - bank account drops down - but then build back up to that number.

We all have a number in our mind that if we drop below or build higher, we always find a way to make money or lose money to get back to the number we feel comfortable with.

Activity: what is YOUR financial temperature set to?  (Hint: it's probably the amount you have consistently found yourself in for the last 6 months or so)

If you are interested in resetting your temperature, click here to watch...

Wednesday

Does Your Green Have Deen - Notes

Here are some of my real life raw and uncut 'teacher' notes from the lecture. (Ok, I edited just a bit so that you may be able to read it)

7 Ways to Increase Your Wealth Whilst Coming Closer to Allah

  1. Ask Allah for Forgiveness  (Nuh: Ask your Lord for forgiveness...He will increase you in wealth)
  2. Fulfill ties of Kinship (Silat ArRahim) Anas : 'Whoever likes to have increase in his Rizq and to live long, should honor ties with his blood relatives' [ Bukhari and Muslim ]
  3. Halal Business: (And Allah made business transactions halal and Riba Haram)
  4. Interest Free Loans, Qardh Hasan (Who is it that will loan to Allah a goodly loan, so that Allah may compound it many times) The Prophet (Sallallahu Alaihi wa Sallam) said: "And whoever fulfills the needs of his brother, Allah will fulfill his needs." [ Bukhari and Muslim ]
  5. Zakah (700x return, promise from Allah) ~ Allaah has said ‘O bani Adam, spend!  I will spend on you. ~ “...Money will never decrease because of charity” [al-Tirmidi]
  6. Taqwa – (And whoever has Taqwa of Allah, Allah makes a way out for them, and provides for them from where they would not imagine) provide from where they would never imagine
  7. Dua: rabbana aatina fid dunya hasanah... (O Allah, give us goodness in this life, and goodness in the next, and protect us from Hellfire)
To listen to the entire lecture you can hear it at: http://attendthisevent.com/?eventID=12155124