Are you keeping up with the Joneses? | Clip | Abu Mussab Wajdi Akkari

4,922 views·Sep 1, 2021

Islaamic teachings tell us to be economic and not to be extravagant. 💸We should live within our means because lifestyle inflation is the enemy of wealth building. Here are some tips for financial success: 💲1. Spend Less Than You Earn As previously said, live within your means. You don't need to get the latest gadget or have a fancy car or furniture if it means you'll use up your salary. 💲2. Stick to Your Budget Allocate a budget for groceries, rent, bills, clothing, leisure, education, charity, and most importantly, savings, and stick to that! 💲3. Have a Savings Plan Aim to set aside a MINIMUM of 5% of your salary for savings before you start paying your bills. 💲4. Invest After you've saved enough, try to invest in some business or real estate or other means that will earn you passive income. 💲5. Write Your Will This will prevent disputes between your heirs. The Prophet (salla'Allaahu 'alayhi wa sallam) said: “It is not permissible for any Muslim who has something to will to stay for two nights without having his last will and testament written and kept ready with him.” (Narrated by al-Bukhaari, al-Wasaayaa) 💲6. Keep Good Records Excel/spreadsheets or other accounting software or apps will help you keep track. Clip taken from: 🎧 Al-Aqeedatul-Waasitiyyah | 60 The One Praying Faces Allaah | Abu Mussab Wajdi Akkari 🎧 https://youtu.be/Y0FuZIGbqfs 🎧 AQEEDAH CLASS PLAYLIST: 🎧 https://www.youtube.com/watch?v=U5UWhyDorcE&list=PLxQ71pF_GAtHJYlz6c2VsmbKdDiBVuEVQ&ab_channel=OneWayToParadise #LIKE #SHARE #SUBSCRIBE ________________ 👍 Follow us on: 🌍 https://www.onewaytoparadise.net 🔗 Facebook: https://www.facebook.com/AbuMussabWajdiAkkari 🔗 Facebook: https://www.facebook.com/OneWayToParadise 📱 Telegram: https://t.me/onewaytoparadise