Being frugal to build Muslim wealth

Tae Kim - Financial tortoise - https://www.youtube.com/watch?v=xd9dTKgOmro

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We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

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The Simple Path to Wealth is one of my favorite books about investing.  I got this a while ago and adapted the advice for Muslims and I will explain how I did that in this video.  This is also the first in the Simple Muslim Money book club videos.

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

Managing my Halal personal finance can be stressful.  I explain techniques on how I reduced this stress.

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

Dave Ramsey gave this great tip about if you plant your financial seeds then it will grow.  This is a great tip and one I want explain how muslims can use it.

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

There is so much financial information out there.  I use to follow it but now pretty much ignore it.  This is a lesson from the book ‘The Simple Path to Wealth’.  Real investing is simple and would be boring to watch. So I just ignore financial news.

Tae Kim - Book summary of the simple path to wealth The Simple Path To Wealth // #1 Book On Investing

Dave Ramsey’s Baby Steps Millionaires Book - https://geni.us/LCzEfA (https://www.amazon.com/Baby-Steps-Millionaires-Extraordinary-Wealth/dp/1942121598/)

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

Halal financial advisors - any good?  I have learnt a lot recently about

Tae Kim book summary - I Will Teach You To Be Rich // 10 Favorite Takeaways

Vanguard - impact of fees with investing: https://investor.vanguard.com/investor-resources-education/how-to-invest/impact-of-costs

Dave Ramsey’s Baby Steps Millionaires Book - https://geni.us/LCzEfA (https://www.amazon.com/Baby-Steps-Millionaires-Extraordinary-Wealth/dp/1942121598/)

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

Halal investing should be slow.  Most people think it should be fast - but that is not the case.

Dave Ramsey’s Baby Steps Millionaires Book - https://geni.us/LCzEfA (https://www.amazon.com/Baby-Steps-Millionaires-Extraordinary-Wealth/dp/1942121598/)

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

I had an issue of not following through on my Halal money goals.  In this video, I go into the reasons why that was the case and the tips that helped me sort it out.

Dave Ramsey’s Baby Steps Millionaires Book - https://geni.us/LCzEfA (https://www.amazon.com/Baby-Steps-Millionaires-Extraordinary-Wealth/dp/1942121598/)

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

I use to think halal investing was going to be something really exciting with me buying and selling stocks - like in the movies.  But this is totally wrong from the research I have done - it should be boring and simple.

Dave Ramsey’s Baby Steps Millionaires Book - https://geni.us/LCzEfA (https://www.amazon.com/Baby-Steps-Millionaires-Extraordinary-Wealth/dp/1942121598/)

DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

As Muslims, we need to spend time on managing money.  This is something I am doing and a habit that is shown by millionaires.

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DISCLOSURE:

We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation - at no extra cost to you.

We're big fans of Amazon, and many of our links to products/gear are links to those products on Amazon. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.