Wealth and Financial Freedom

Assalamualaikum,

I would like to thank Robert Kiyosaki for making me aware that I need to manage and control my personal finance through his book “Retire Young, Retire Rich”. However I don’t really agree with his suggestion to start creating wealth by acquire “good debt” which means taking risk by acquiring loans to invest in properties.

Muslims are encouraged to become rich but not through debt. Only rich Muslims can practice all the five pillars of Islam: Shahadah, Solah, Zakat, Sawm and Hajj. Zakat and Hajj can only be achieved by rich Muslim. In addition, Muslim is also strongly encouraged to give alms (sedekah). All Muslim, poor or rich can give sedekah, but a sincere rich Muslim is capable to give more and Insya Allah, will get better reward.

“The best alms is that which you give when you are rich, and you should start first to support your dependants.” [Sahih Bukhari – Book 64, Number 269].

As a Muslim, I practice zuhud, means shunning that which is haram and that which Allah hates; avoiding shows of luxury and overindulging in worldly pleasures; focusing on doing acts of worship; and making the best preparation for the Hereafter.

I simply live within my mean. I never spend more money than I earn. I remember that my starting salary as a lecture 25 years ago was RM1300. Alhamdulillah, that amount was big enough for me to give some good amount to my parents every month without fail. I started saving 30% of my income through salary deduction into my Tabung Haji account right from the beginning.

At that time, Tabung Haji annual return was good and that’s where my wealth creation started. Once the money tree bears fruits, I started investing in assets rather than liabilities to build a passive income from my investments. That is how I make money work for me.

Alhamdulillah, now I am looking forward to enjoy my retirement as a woman of wealth not a wealthy woman.

 “Do not earn wealth and lose people, for earning people is a way to earning wealth.” [Dr. Muhammad ‘Abd Al-Rahman Al-‘Afifi, Enjoy Your Life, Darussalam Publication, 2008].

41 thoughts on “Wealth and Financial Freedom

  1. Excellent pieces. Keep posting such kind of information on
    your page. Im really impressed by your site.
    Hey there, You’ve done a great job. I’ll certainly digg it and personally
    suggest to my friends. I am sure they’ll be benefited from this web site.

    Feel free to visit my webpage … ゴルフクラブ

  2. Thanks for your personal marvelous posting!
    I actually enjoyed reading it, you are a great author.
    I will be sure to bookmark your blog and will often come back very soon.
    I want to encourage that you continue your great
    writing, have a nice weekend!

    Look into my webpage … シューズ

  3. I was fairly pleased to discover this web-site.I wanted to thanks for your time for this amazing read!! I unquestionably enjoying every small bit of it and I have you bookmarked to take a look at new stuff you blog post.
    [url=http://carolinafalkholt.com/Falkholt_files/link.asp?key=cheap-jordan-10672229]cheap jordan[/url]

  4. Have you ever thought about including a little bit more
    than just your articles? I mean, what you say is important and everything.
    Nevertheless think about if you added some great images
    or videos to give your posts more, “pop”!

    Your content is excellent but with images and video clips, this website could certainly
    be one of the best in its field. Very good blog!

    Also visit my webpage; ベビー用品

  5. Hello to every body, it’s my first go to see of this webpage; this webpage consists of amazing and in fact excellent information in support of visitors.

  6. Hello there, just became aware of your blog through Google, and found that
    it’s truly informative. I am going to watch out for brussels.
    I will appreciate if you continue this in future. Many people will
    be benefited from your writing. Cheers!

    My web page; 麻 シャツ

  7. I simply want to tell you that I am just all new to blogging and seriously enjoyed your web-site. Likely I’m planning to bookmark your site . You really have very good well written articles. Cheers for sharing with us your web-site.

  8. I am not sure where you’re getting your information, but good topic.
    I needs to spend some time learning more or understanding more.
    Thanks for wonderful information I was looking for this
    information for my mission.

    Feel free to visit my web page – Yazmin Martin

  9. I do believe all of the ideas you’ve presented in your post.

    They’re really convincing and can definitely work. Still, the posts are very brief for newbies.

    May just you please lengthen them a bit from subsequent time?
    Thank you for the post.

    Also visit my web-site … Susan Ferrara

  10. I have been browsing online more than three hours
    today, yet I never found any interesting article like yours.
    It’s pretty worth enough for me. In my opinion, if all webmasters and
    bloggers made good content as you did, the web will be a lot more useful than ever before.

    Here is my web-site … tシャツ メンズ

  11. Hello! This post couldn’t be written any better!
    Reading this post reminds me of my previous room mate!

    He always kept chatting about this. I will forward this post to him.
    Fairly certain he will have a good read. Thanks for sharing!

    Stop by my web page: Maggie Kotopoulos

  12. I’ll immediately seize your rss as I can’t in finding your e-mail subscription hyperlink
    or e-newsletter service. Do you’ve any? Please permit me understand in order that I could subscribe.
    Thanks.

  13. Hi! Someone in my Facebook group shared this website with us so I came to look it over. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers! Exceptional blog and wonderful design.

Leave a Reply to louis vuitton epi Cancel reply

Your email address will not be published. Required fields are marked *