Naima B. Robert – Let’s Talk About Money and Muslims Advice on Wealth Creation and Monetisation

Naima B. Robert
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The speakers emphasize the challenges of schooled people and the importance of investing in wealth creation, including the book on wealth management and the book on entrepreneurship. They stress the need for a team to empower people and provide examples of how to make money, as it is more rare and not a cash flowing asset. The success of financial education is emphasized, along with the importance of understanding the meaning of black economic reform and borrowing money for one's own business. The speakers emphasize the importance of community standards and a strong blueprint to avoid failure, as well as the need for professionalism and learning to become better consumers.

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			Welcome to this very very special and unique
		
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			segment
		
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			of the Black Muslim Festival during our wealth
		
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			weekend.
		
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			As I've said in previous sessions, we are
		
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			looking at wealth from a holistic perspective,
		
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			where it encompasses
		
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			your health, your money, and your impact on
		
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			your legacy in the world.
		
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			And to joining me today are 2 very,
		
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			very special people who are going to be
		
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			talking to us about
		
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			specifically the money piece. Okay?
		
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			The wealth side, the monetization side, the currency
		
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			side. Okay? So this is, like, the the
		
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			actual money piece.
		
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			And joining me today is, brother Nadir
		
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			Al Mujahid.
		
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			You may be familiar with him from his
		
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			work with outstanding personal relationships, but he got
		
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			a thing or two to say about money
		
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			too. So
		
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			and business in general and coaching. So I'll
		
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			let him tell you a little bit more
		
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			about that side of his work, when we
		
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			introduce him, but we also have sister Maria
		
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			Muhammad from Wealth Paradigm. And if you were
		
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			in our previous session,
		
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			then you will, of course, know that she
		
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			was teaching about, you know, fulfillment and wealth,
		
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			and all those 5 sections of the Sharia.
		
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			So
		
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			just wanna say welcome you guys, both of
		
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			you.
		
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			Thank you so much for coming.
		
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			Thank you so much, mister.
		
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			Okay. So let's kick this off with just
		
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			a really
		
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			brief conversation
		
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			about Muslims
		
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			and money.
		
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			What is
		
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			what is the deal with our relationship with
		
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			money?
		
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			What what do you see going on? What
		
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			have you seen in the community?
		
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			You know, how are we doing in that
		
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			area? Anybody like to start, jump in.
		
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			Ladies first, go ahead, Opity.
		
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			Okay. So thank you for this opportunity. So
		
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			if I get your question correctly, you're saying
		
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			what have I seen, notice? What have I
		
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			noticed generally as a trend among Muslims, right,
		
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			when it comes to money? Yeah. Okay. Absolutely.
		
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			I think I've noticed a lot of
		
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			laid back,
		
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			thing which is just brought about by, I
		
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			would say,
		
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			guilt.
		
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			Because I struggle with it personally. I told
		
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			you my story. Right? So guilt, you know,
		
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			you many of us tend to ask ourselves,
		
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			if I make so much money, would I
		
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			remember my 5 5 daily prayers? Would I,
		
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			you know, be kind to my mother? Would
		
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			I still speak to my in laws? Would
		
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			I still be a good person? So I've
		
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			noticed a trend,
		
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			of, you know, not taking charge,
		
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			forgetting forgetting, and I love this piece. A
		
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			friend of mine reminded me a few years
		
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			ago. She said, forgetting that a pillar of
		
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			Islam is actually zakah.
		
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			And who gives zakah?
		
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			Just who generally gives zakah? You have to
		
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			have kept wealth for at least a year.
		
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			So naturally, it's the wealthy that gives zakah.
		
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			So I think we've just have we have
		
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			adopted this lopsided view of wealth as though
		
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			it's a bad thing. You know, it's something
		
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			that it takes you away from Allah and
		
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			stuff like that for good reason because there
		
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			have been people who have who have,
		
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			been affected that way. But I really do
		
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			think that once we start to change the
		
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			narrative, and I started with my own self,
		
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			it wasn't easy, I remember just crying and
		
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			I told you right?
		
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			So it it's never easy,
		
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			especially when you come from that model of
		
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			the world, but I think that it's a
		
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			beautiful,
		
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			journey to embark on just seeing wealth as
		
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			it is, seeing the benefits, and seeing how
		
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			as a Muslim, Allah wants us to be
		
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			wealthy in order for us to deliver on
		
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			our on on the purpose that he created
		
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			us for.
		
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			I love that. I love that. And I
		
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			love the what you mentioned about our model
		
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			of the world being, you know, really such
		
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			a huge part of how we view money.
		
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			What about you, brother Nadeem? What have you
		
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			been seeing? What do you what have you
		
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			seen from the community?
		
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			Well, I see the same challenges
		
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			that human beings have kinda in general. Instead
		
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			of looking at what they consider money as
		
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			being something neutral,
		
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			we look at it as though it has
		
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			something behind it.
		
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			Right? Because the reality is if you're a
		
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			good person, money, good organization, money, that's gonna
		
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			help you further your message, do more good.
		
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			However, if you're bad or have negative intentions,
		
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			then that same money coming in will help
		
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			you do worse. So the challenge comes with
		
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			how we're schooled many times. I'm gonna talk
		
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			about that when I come really into mindset
		
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			because money is something that's neutral.
		
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			You know, it benefits
		
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			depending on the person and what's behind it,
		
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			and it also can harm. The challenge is
		
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			when it comes to us and really understanding
		
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			what Allah Ta'ala says when he says
		
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			when, we talked about the things that we're
		
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			gonna be asked about.
		
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			When 2 of those things are related to
		
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			money, how you gathered it
		
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			and also how you spent it. That's a
		
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			very, very serious topic. Alright? And until we're
		
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			all,
		
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			dealt with on that, you know, heavy day,
		
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			you know, and not until the last little
		
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			bit is already made of it. Then we
		
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			know some people won't have anything, and they'll
		
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			give it to Jenna without any questioning. So
		
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			it's tied to what we do with our
		
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			feelings about it in particular
		
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			are very important because those feelings could dictate
		
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			our behavior or the positive
		
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			or the negative.
		
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			Yes.
		
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			And I think that's so important. And, you
		
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			know, you you mentioned that phrase, you know,
		
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			that money is neutral.
		
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			And, of course, we have so much evidence
		
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			stacked up over the years, you know, in
		
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			our communities, in our cultures, in our in
		
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			our system, you know,
		
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			sayings, customs, traditions, all of these things that
		
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			make, you know, give money some kind of
		
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			energy of its own. You know? So I'm
		
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			really, really excited to kind of, you know,
		
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			just really sit back, relax, and not say
		
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			anything,
		
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			and just allow, you know, brother Nadir firstly
		
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			to talk to us, you know, about about
		
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			wealth, about money, about currency, etcetera. And, you
		
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			know, I'm ready to be in school. So
		
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			I'm gonna put my camera off. Sister Mary,
		
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			I can put yours off as well.
		
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			And, yeah. We're just gonna get our pens
		
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			and papers out. And guys,
		
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			yeah. Take notes. Brother Nadeep, please take it
		
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			away.
		
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			Inshallah.
		
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			Okay.
		
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			Again, for those of for those of you
		
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			I'm I'm standing up because I have better
		
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			energy,
		
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			that way, but I'm gonna be cognizant of
		
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			the time and everything. So if you have
		
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			something to write with, something I don't, please
		
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			take this information down.
		
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			One, the the goal of what I'm gonna
		
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			talk about is really on really helping
		
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			increase your financial IQ, your financial intelligence quotient.
		
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			It's extremely important. I started the journey a
		
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			little over 25 years ago. Thankfully, I had
		
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			I had some people that saw more in
		
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			me than I saw in myself. They started
		
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			directing me and giving me guidance and mentoring
		
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			me and so on on this topic of
		
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			money because I I just a little bit
		
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			about my background. I'm the oldest of 6
		
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			children.
		
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			Okay? And I came from poverty. My father,
		
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			you know, is black American. Mother's Puerto Rican.
		
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			So I usually joke a lot when I
		
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			say, and then in the US, you maybe
		
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			understand is that we came from mayonnaise sandwiches
		
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			or tortillas with butter. Alright? Those are the
		
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			the smallest things you could have, something to
		
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			kinda eat with. So we broke on sides.
		
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			My parents are married for about 7 years,
		
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			and they were always working. So I'm the
		
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			oldest trying to really hold stuff together. We
		
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			really didn't have money.
		
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			So,
		
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			you know, they didn't leave a blueprint. They
		
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			didn't, invest in us. They told us go
		
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			to school, get good grades, get a good
		
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			job. And I talked about where that fits,
		
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			but I really want you to understand
		
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			when you're talking about wealth
		
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			and we're talking about, monetization or or wealth
		
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			creation, it starts in your mind. There's a
		
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			famous quote by Benjamin Franklin.
		
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			He says, if you pour your purse
		
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			into your mind, your mind will turn back
		
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			around and pour it into your purse,
		
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			which means you have to invest in you.
		
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			So first, I wanna honor you and congratulate
		
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			you for investing
		
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			right now the most important commodity that you
		
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			have, which is time.
		
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			Alright? Which is time. So congratulations, number 1.
		
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			Now the first lesson is to know the
		
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			difference
		
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			between currency
		
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			and money.
		
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			They are not the same.
		
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			The it's very, very important. This again, example.
		
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			This is currency.
		
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			This is currency. This is US currency. You're
		
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			in the UK. You have different pounds and
		
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			colors and all that. Right? This is currency.
		
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			Nobody
		
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			goes and they try to find a ship
		
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			that has a whole bunch of currency that
		
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			floated to the bottom or, you know, there's
		
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			a ship with treasure on it, and they
		
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			go and try to bait it. No. Not
		
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			not at all.
		
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			Currency
		
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			is basically what's called government mandated money.
		
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			Now there's some dates and and things that
		
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			are very, very important that are critical for
		
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			you to understand,
		
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			especially at this time with this pandemic.
		
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			So couple of things, money,
		
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			money in Islam,
		
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			gold and silver that has intrinsic value in
		
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			and of itself. Now, for example, these bills
		
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			here,
		
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			it's about 4¢ to print. This is a
		
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			$100 US bill. This is a $20 US
		
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			bill. They cost about the same to print.
		
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			There's no intrinsic value in this at all
		
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			other than the paper, some of the bond
		
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			papers written on, some of the ink that's
		
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			used on it. However, in the Sharia, what's
		
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			important is as Muslims in this Islamic economic
		
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			system, which is the best thing out here,
		
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			which a lot of the central bankers are
		
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			scared of,
		
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			intrinsic value. That's this here, for example. You
		
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			know what I mean?
		
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			Demonstrating today. So
		
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			these are
		
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			these are my favorite. Right? These are
		
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			silver eagles, US silver eagles.
		
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			These are 1 short ounce of silver. Okay?
		
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			And right now, I think it's, like, 24,
		
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			$25 an ounce is considered. And this right
		
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			here
		
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			is a
		
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			US Gold Eagle, 1 tri ounce. Okay? The
		
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			intrinsic value of these
		
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			right now, this is almost $2,000 an ounce.
		
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			So it's a little over $1900
		
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			per ounce for gold and 24. Now if
		
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			you I wanted to spend this as a
		
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			currency,
		
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			it states on there on here, actually, that
		
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			one fine ounce of gold, $50.
		
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			So as currency, this is only worth $50,
		
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			and as currency, this is only the the
		
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			silver is only worth 1.
		
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			This is important to understand. After the creation
		
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			of the Federal Reserve Bank, and I'm not
		
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			gonna go into any type of different, conspiracies
		
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			or actually a lot of facts that go
		
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			along with it, but I'm I'm just gonna
		
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			give you some dates that are very important
		
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			to remember.
		
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			1914, creation of the Federal Reserve,
		
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			really changed a lot with our monetary system
		
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			across the world.
		
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			So remember that date? Well, not a specific
		
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			date, but the year, 1914.
		
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			1934,
		
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			US citizens were prohibited from taking
		
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			what used to be US dollars
		
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			redeemable.
		
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			So you can take this to a bank
		
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			because, obviously, you're not gonna you don't wanna
		
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			carry around a whole bunch of satchels and
		
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			bags and jugs and jars full of coins.
		
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			So you would be able to take this
		
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			exchange to make things easier. However, in 1934,
		
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			these no longer were redeemable to get gold
		
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			or silver from the banks. I don't know
		
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			about you, but when I was younger watching
		
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			cartoons in the eighties nineties,
		
00:10:31 --> 00:10:32
			eighties,
		
00:10:33 --> 00:10:36
			they see have cartoons or, like, Bugs Bunny
		
00:10:36 --> 00:10:38
			or something. They will go into a bank
		
00:10:38 --> 00:10:39
			vault, and the bank vault would have gold.
		
00:10:40 --> 00:10:42
			Now this bank vault is just cash. The
		
00:10:42 --> 00:10:44
			gold is where stuff used to be stored.
		
00:10:44 --> 00:10:47
			1934, that stopped for US citizens. What's important,
		
00:10:47 --> 00:10:49
			1944 ended the World War. And, again, I
		
00:10:49 --> 00:10:50
			know I've talked to a lot of my
		
00:10:50 --> 00:10:52
			brothers and sisters across the pond, in the
		
00:10:52 --> 00:10:55
			UK and different parts of the world. Well,
		
00:10:55 --> 00:10:57
			in 1944, there was something called the Bretton
		
00:10:57 --> 00:10:58
			Woods Agreement.
		
00:10:59 --> 00:11:00
			And I really want you to take notes
		
00:11:00 --> 00:11:02
			because each one of these
		
00:11:02 --> 00:11:05
			points are are so relevant right now. It's
		
00:11:05 --> 00:11:06
			ridiculous. But 1944,
		
00:11:07 --> 00:11:09
			World War 1 or World War 2, actually.
		
00:11:09 --> 00:11:11
			And come to the end of it, US
		
00:11:11 --> 00:11:13
			got in it. Nevertheless, Bretton Woods agreement said
		
00:11:13 --> 00:11:15
			that all of the rest of the world's
		
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			currencies,
		
00:11:16 --> 00:11:18
			which prior to this time, they had their
		
00:11:18 --> 00:11:19
			own markets and everything,
		
00:11:19 --> 00:11:22
			but it'd be pegged to US dollar. And
		
00:11:22 --> 00:11:24
			the US dollar for international central banks was
		
00:11:24 --> 00:11:25
			backed by
		
00:11:26 --> 00:11:29
			gold, which means any of these countries, I
		
00:11:29 --> 00:11:30
			don't care if you're talking about China, you're
		
00:11:30 --> 00:11:32
			talking about UK, France in particular, all these
		
00:11:32 --> 00:11:35
			places, they can redeem their US dollars for
		
00:11:35 --> 00:11:35
			gold.
		
00:11:35 --> 00:11:37
			So many ship their gold over here. We
		
00:11:37 --> 00:11:39
			have Fort Knox in different other places. So
		
00:11:39 --> 00:11:40
			that's 1944.
		
00:11:41 --> 00:11:42
			Now let's jump to 1971,
		
00:11:43 --> 00:11:46
			because what does every government do? They overspend.
		
00:11:46 --> 00:11:49
			They overextend themselves. They wanna expand for empire,
		
00:11:49 --> 00:11:50
			fund all kind of things. It is what
		
00:11:50 --> 00:11:52
			it is. I mean, we can go back
		
00:11:52 --> 00:11:54
			to the first currency crash of Athens back
		
00:11:54 --> 00:11:55
			5,000,
		
00:11:56 --> 00:11:57
			5000 years ago.
		
00:11:57 --> 00:11:58
			So what does that have to do with
		
00:11:58 --> 00:12:01
			today? 1971, Richard Nixon after France was like,
		
00:12:01 --> 00:12:03
			hey. US is putting a whole bunch of
		
00:12:03 --> 00:12:04
			money fund fund this Vietnam War and this
		
00:12:04 --> 00:12:07
			Korean War. They can't be having
		
00:12:08 --> 00:12:10
			enough of this, and he was right. They
		
00:12:10 --> 00:12:11
			you know, France was right.
		
00:12:11 --> 00:12:14
			We were overprinting, overextending. So what Richard Nixon
		
00:12:14 --> 00:12:15
			did
		
00:12:15 --> 00:12:16
			was
		
00:12:16 --> 00:12:17
			he canceled
		
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			the redeemability
		
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			of dollars from foreign central banks and gold
		
00:12:23 --> 00:12:24
			similar to what he did US citizens.
		
00:12:25 --> 00:12:26
			So the first time in the history of
		
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			the planet, in our recorded history,
		
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			the entire world is currently on fiat currency.
		
00:12:33 --> 00:12:35
			Fiat currency means it's government mandated money. Not
		
00:12:35 --> 00:12:37
			really money. We call it money, but it's
		
00:12:37 --> 00:12:39
			not really money. Again, it has no intrinsic
		
00:12:39 --> 00:12:41
			value. They can print up as much as
		
00:12:41 --> 00:12:42
			they want to as the US just printed
		
00:12:42 --> 00:12:43
			up over 6,000,000,000,000
		
00:12:44 --> 00:12:46
			since March with this pandemic.
		
00:12:46 --> 00:12:48
			And if you know anything about basic economics,
		
00:12:48 --> 00:12:50
			you already know when you print that up,
		
00:12:50 --> 00:12:51
			these same amount of dollars are chasing the
		
00:12:51 --> 00:12:53
			same amount of goods and services, which means
		
00:12:53 --> 00:12:55
			inflation should be rampant, and it's coming.
		
00:12:56 --> 00:12:58
			It's absolutely coming. So
		
00:12:58 --> 00:13:00
			don't say all that scared you. We just
		
00:13:00 --> 00:13:01
			need to know the difference and how to
		
00:13:01 --> 00:13:03
			process today. The average
		
00:13:03 --> 00:13:04
			fiat currency
		
00:13:05 --> 00:13:07
			last 27 years.
		
00:13:07 --> 00:13:08
			27.
		
00:13:09 --> 00:13:10
			1971
		
00:13:10 --> 00:13:12
			is when the entire world went on Fiat,
		
00:13:12 --> 00:13:14
			which is so important. It's not for rich
		
00:13:14 --> 00:13:16
			stuff. This is real money. Again, you have
		
00:13:16 --> 00:13:18
			money. They come in tools and stuff like
		
00:13:18 --> 00:13:19
			that,
		
00:13:19 --> 00:13:20
			or
		
00:13:21 --> 00:13:23
			you have currency. They are not the same.
		
00:13:23 --> 00:13:24
			Check out Zimbabwe.
		
00:13:24 --> 00:13:26
			That's the first lesson because that will lead
		
00:13:26 --> 00:13:28
			you to hours of of studying. I'm also
		
00:13:28 --> 00:13:30
			gonna give you some resources as well.
		
00:13:30 --> 00:13:32
			One book I I suggest you
		
00:13:32 --> 00:13:34
			get for free. Download for free. You go
		
00:13:34 --> 00:13:35
			to goldsilver.com.
		
00:13:36 --> 00:13:37
			You can get this book called get your
		
00:13:37 --> 00:13:38
			guide to investing in gold and silver. It's
		
00:13:38 --> 00:13:41
			gonna help you understand what money is versus
		
00:13:41 --> 00:13:44
			currency. It also help you with wealth cycles.
		
00:13:44 --> 00:13:46
			The author of the book is named Mike
		
00:13:46 --> 00:13:46
			Maloney.
		
00:13:47 --> 00:13:49
			Mike Maloney. And I suggest you go on
		
00:13:49 --> 00:13:51
			YouTube, look up his video called wealth cycles,
		
00:13:51 --> 00:13:54
			because by 70, 80 years, there are different
		
00:13:54 --> 00:13:56
			cycles that are going on. In monetary cycles,
		
00:13:56 --> 00:13:58
			every 30 to 40, and we're in that
		
00:13:58 --> 00:13:59
			range right now.
		
00:13:59 --> 00:14:00
			So
		
00:14:01 --> 00:14:03
			without going into the whole pandemic and what
		
00:14:03 --> 00:14:03
			happened
		
00:14:03 --> 00:14:06
			back in September 2019, let's move on. Talk
		
00:14:06 --> 00:14:08
			about the feds, and I have some notes
		
00:14:08 --> 00:14:09
			just in front of me so we're on
		
00:14:09 --> 00:14:11
			the same page. Now 27 years, we've been
		
00:14:11 --> 00:14:13
			19 90 8, so we're 22 years past
		
00:14:13 --> 00:14:16
			due from this going to 0 or this
		
00:14:16 --> 00:14:18
			monetary system changing.
		
00:14:18 --> 00:14:21
			Whether you're talking about digital or whatnot, totally
		
00:14:21 --> 00:14:22
			up to you. So let's get busy and
		
00:14:22 --> 00:14:23
			talk about
		
00:14:23 --> 00:14:25
			entrepreneurship and what's important.
		
00:14:25 --> 00:14:27
			Three types of business classes. Now I'm talking
		
00:14:27 --> 00:14:28
			about entrepreneurship
		
00:14:29 --> 00:14:31
			because I was told go to school, get
		
00:14:31 --> 00:14:32
			your grades, get a good job.
		
00:14:33 --> 00:14:34
			Right? And that used to be good information
		
00:14:34 --> 00:14:36
			at the beginning of the industrial age. You
		
00:14:36 --> 00:14:38
			can go work for a company, work for
		
00:14:38 --> 00:14:40
			a few decades, retire with a gold watch
		
00:14:40 --> 00:14:42
			or something, get a pension, and they pay
		
00:14:42 --> 00:14:44
			you. Right? Now it's a 401 k that
		
00:14:44 --> 00:14:46
			gets exploited by Wall Street bankers or whatnot.
		
00:14:46 --> 00:14:49
			The challenge is, are you in control?
		
00:14:49 --> 00:14:51
			There are 3 different plans that I suggest
		
00:14:51 --> 00:14:52
			everybody have.
		
00:14:52 --> 00:14:54
			One, you need the secure plan. The secure
		
00:14:54 --> 00:14:56
			plan is this is what's coming. This will
		
00:14:56 --> 00:14:58
			take care of my bills. On on the
		
00:14:58 --> 00:14:59
			lowest
		
00:14:59 --> 00:15:01
			level, this is where I can take care
		
00:15:01 --> 00:15:03
			of myself and my family. That's a secure
		
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			plan.
		
00:15:04 --> 00:15:06
			Okay? That means I'm not homeless. I'm not
		
00:15:06 --> 00:15:08
			living it up at all, but I'm not
		
00:15:08 --> 00:15:09
			homeless, but I have my basic needs and
		
00:15:09 --> 00:15:11
			things covered. So I have someone to sleep.
		
00:15:11 --> 00:15:12
			I have some food to eat. I have
		
00:15:12 --> 00:15:14
			some basic things. That's a secure plan.
		
00:15:15 --> 00:15:16
			The next plan is the comfortable plan.
		
00:15:17 --> 00:15:19
			Comfortable plan is, okay, I have my basic
		
00:15:19 --> 00:15:21
			needs covered, but on top of that, also,
		
00:15:21 --> 00:15:22
			maybe I can go eat go out to
		
00:15:22 --> 00:15:24
			eat once in a while, whether it's COVID
		
00:15:24 --> 00:15:26
			times or not, or order in
		
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			nowadays or have other entertainment or spend some
		
00:15:29 --> 00:15:30
			time to do some travel or whatnot. That's
		
00:15:30 --> 00:15:32
			a comfortable plan. And then there's the rich
		
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			plan.
		
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			Now what's important, at least for me, my
		
00:15:35 --> 00:15:36
			background? Who am I to say all of
		
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			this stuff? Well, I have a good enough
		
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			diploma. It's called a GED. I went to
		
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			school,
		
00:15:41 --> 00:15:44
			Christian, Christian grade school, Christian high school up
		
00:15:44 --> 00:15:45
			to 10th grade, got kicked out of school,
		
00:15:45 --> 00:15:47
			had been left out of Islam about 16,
		
00:15:47 --> 00:15:48
			17 years old.
		
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			Had a number of different mentors, a lot
		
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			of different life situations happened, but but one
		
00:15:52 --> 00:15:53
			of the things I always know, I want
		
00:15:53 --> 00:15:54
			to be an entrepreneur.
		
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			My great uncle is one of the first
		
00:15:56 --> 00:15:58
			who really inspired me. What he did is,
		
00:15:59 --> 00:16:01
			if, you know, the history of American slavery
		
00:16:01 --> 00:16:01
			history,
		
00:16:02 --> 00:16:03
			here is the epitome
		
00:16:03 --> 00:16:05
			of, white supremacy and how they built this
		
00:16:05 --> 00:16:06
			nation. There's a really good book called the
		
00:16:06 --> 00:16:08
			the half has never been told by Ed
		
00:16:08 --> 00:16:11
			Batchess that really go into the trillions that
		
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			were made and what caused the United States
		
00:16:12 --> 00:16:15
			to really rise to be the superpower
		
00:16:15 --> 00:16:17
			that it become so much so that they
		
00:16:17 --> 00:16:18
			could peg the rest of the world's currencies
		
00:16:19 --> 00:16:21
			to its own US dollar, which, again, is
		
00:16:21 --> 00:16:24
			still, ruling right now despite, like, the Greek
		
00:16:24 --> 00:16:24
			nations,
		
00:16:25 --> 00:16:26
			Brazil, Russia, India,
		
00:16:27 --> 00:16:28
			China
		
00:16:29 --> 00:16:32
			going in trading within their own country. You
		
00:16:32 --> 00:16:33
			know, this whole thing about the petrodollar
		
00:16:34 --> 00:16:35
			and being able to trade oil, which you
		
00:16:35 --> 00:16:36
			have to pay US dollars or a Visa
		
00:16:36 --> 00:16:38
			and you have to go through US banks,
		
00:16:38 --> 00:16:40
			that is very, very enriching for us. Because
		
00:16:40 --> 00:16:42
			one of the things we do as United
		
00:16:42 --> 00:16:43
			States is we deport
		
00:16:43 --> 00:16:44
			our
		
00:16:44 --> 00:16:46
			inflation quite a bit, whether it be down
		
00:16:46 --> 00:16:48
			in Venezuela or throughout the Muslim world. It
		
00:16:48 --> 00:16:49
			happens all the time. But if we don't
		
00:16:49 --> 00:16:52
			notice difference between money and currency, we get
		
00:16:52 --> 00:16:54
			jacked. One of the amazing things is as
		
00:16:54 --> 00:16:56
			I was studying more about it in the,
		
00:16:56 --> 00:16:57
			the fall of the Islamic state or the
		
00:16:57 --> 00:16:59
			Khalifa back in, 1924,
		
00:17:00 --> 00:17:01
			but there are a group or a number
		
00:17:01 --> 00:17:02
			of different that we're talking about is a
		
00:17:02 --> 00:17:03
			cap.
		
00:17:03 --> 00:17:05
			And how do we pay as a cap
		
00:17:05 --> 00:17:07
			on something that doesn't really have intrinsic values?
		
00:17:07 --> 00:17:08
			There was a whole differing of opinions. It
		
00:17:08 --> 00:17:10
			really doesn't exist right now, but but whether
		
00:17:10 --> 00:17:12
			or not it's applicable on,
		
00:17:12 --> 00:17:13
			currency
		
00:17:13 --> 00:17:16
			versus actual dollars. Really, really interesting when it
		
00:17:16 --> 00:17:17
			comes to studying again the history of money,
		
00:17:17 --> 00:17:18
			but then you see the wisdom,
		
00:17:19 --> 00:17:20
			of this interest
		
00:17:21 --> 00:17:22
			prohibition
		
00:17:22 --> 00:17:23
			in Islam
		
00:17:23 --> 00:17:25
			and the money actually having value. So things
		
00:17:25 --> 00:17:27
			like that are going on right now with
		
00:17:27 --> 00:17:30
			this house of cards wouldn't affect this. So
		
00:17:30 --> 00:17:33
			let's get back. So my history, GED, got
		
00:17:33 --> 00:17:35
			kicked out of school. But back in 1996,
		
00:17:36 --> 00:17:38
			I was introduced to personal development leadership and
		
00:17:38 --> 00:17:39
			started studying money.
		
00:17:39 --> 00:17:41
			So what I will tell you is this.
		
00:17:42 --> 00:17:43
			If you're looking just for some quick strategies,
		
00:17:44 --> 00:17:45
			those are easy to find,
		
00:17:45 --> 00:17:47
			which you can get take advantage of a
		
00:17:47 --> 00:17:49
			lot of times. Many times, they're scams. But
		
00:17:49 --> 00:17:50
			when you increase your financial IQ,
		
00:17:52 --> 00:17:54
			then you are able to discern
		
00:17:55 --> 00:17:58
			what's good, what isn't, whether you're looking at
		
00:17:58 --> 00:17:59
			crypto, when's a good time to invest in
		
00:17:59 --> 00:18:01
			the stock market if you're into that, what's
		
00:18:01 --> 00:18:03
			a good piece of real estate internationally,
		
00:18:03 --> 00:18:06
			locally? What's a good knowledge commerce business and
		
00:18:06 --> 00:18:08
			how to effectively make it marketed? How to
		
00:18:08 --> 00:18:11
			delegate delegate intelligently because you've increased your financial
		
00:18:11 --> 00:18:13
			IQ? That's the most important piece. If you're
		
00:18:13 --> 00:18:15
			looking just for do this, this, this, and
		
00:18:15 --> 00:18:17
			that, that'd be foolish of me because I
		
00:18:17 --> 00:18:19
			wouldn't be concerned about you. So here are
		
00:18:19 --> 00:18:19
			some resources
		
00:18:20 --> 00:18:22
			and books that I read, for example, just
		
00:18:22 --> 00:18:23
			to get you started on a journey, and
		
00:18:23 --> 00:18:24
			I love books.
		
00:18:25 --> 00:18:26
			I mean, you know, the first revelation was
		
00:18:26 --> 00:18:28
			a good prophecy that I'm gonna have to
		
00:18:28 --> 00:18:30
			call. I wasn't just talking about
		
00:18:31 --> 00:18:33
			go and read financial books, but I remember
		
00:18:33 --> 00:18:35
			Abdul Abdul Mubarak or I remember
		
00:18:36 --> 00:18:38
			I remember the companion's name.
		
00:18:39 --> 00:18:41
			So somebody could remind me the comments.
		
00:18:42 --> 00:18:43
			He was
		
00:18:44 --> 00:18:45
			a, and he was asked
		
00:18:46 --> 00:18:47
			I forgot who was asked. The whole story,
		
00:18:47 --> 00:18:48
			he was like, pointing to the suk. That's
		
00:18:48 --> 00:18:50
			that's his important thing. He came back. Well,
		
00:18:50 --> 00:18:52
			the I I don't remember who it is.
		
00:18:52 --> 00:18:54
			I'm sure you would know, but to al
		
00:18:54 --> 00:18:56
			Rahmani. Nevertheless, this is one of the first
		
00:18:56 --> 00:18:57
			books I read, and it's and if you
		
00:18:57 --> 00:18:59
			have children, because I'm one of the cofounders
		
00:19:00 --> 00:19:02
			of our outstanding partnership relationship, these are more
		
00:19:02 --> 00:19:03
			Ohio's coach and island coach.
		
00:19:04 --> 00:19:06
			If you have children, then you probably have
		
00:19:06 --> 00:19:07
			some books that are jacked up like this.
		
00:19:07 --> 00:19:08
			Like, I don't know what happened to the
		
00:19:08 --> 00:19:10
			front of this book, but it's called Think
		
00:19:10 --> 00:19:12
			and Grow Rich, the original Think and Grow
		
00:19:12 --> 00:19:13
			Rich. This one was written
		
00:19:14 --> 00:19:14
			back
		
00:19:15 --> 00:19:15
			in the thirties.
		
00:19:16 --> 00:19:17
			So it has some weird English, and I
		
00:19:17 --> 00:19:19
			know I'm in the US, and and you
		
00:19:19 --> 00:19:21
			probably say I speak with a weird accent
		
00:19:21 --> 00:19:21
			anyway.
		
00:19:22 --> 00:19:24
			But it's written in the thirties.
		
00:19:25 --> 00:19:26
			I suggest you get this book.
		
00:19:27 --> 00:19:28
			There's an entire chapter in here on the
		
00:19:28 --> 00:19:29
			prophet
		
00:19:30 --> 00:19:31
			dealing with persistence.
		
00:19:32 --> 00:19:33
			Yeah. In the 19 thirties, it's a book
		
00:19:33 --> 00:19:35
			talking about thinking, grow rich. It's not go
		
00:19:35 --> 00:19:37
			to school, get your grades, get a job,
		
00:19:37 --> 00:19:39
			and grow rich. This book was a accumulation,
		
00:19:39 --> 00:19:42
			amalgamation of 25 years of interviews of the
		
00:19:42 --> 00:19:44
			wealthiest people on the planet at that time.
		
00:19:44 --> 00:19:46
			Okay? So we're talking about,
		
00:19:47 --> 00:19:49
			Andrew Carnegie, one of the first billionaires, commissioned
		
00:19:49 --> 00:19:51
			Napoleon Hill to interview a bunch of his
		
00:19:51 --> 00:19:53
			friends and other wealthy individuals. So he did.
		
00:19:53 --> 00:19:56
			He boiled the book down to 13 principles
		
00:19:56 --> 00:19:57
			to grow rich,
		
00:19:58 --> 00:19:59
			and it starts with thinking. So thinking and
		
00:19:59 --> 00:20:02
			growing rich. I suggest that. Read this, you
		
00:20:02 --> 00:20:04
			know, every couple years at least, have your
		
00:20:04 --> 00:20:05
			children on it. Again, all of these things
		
00:20:05 --> 00:20:07
			matter because this is about education and not
		
00:20:07 --> 00:20:08
			schooling.
		
00:20:08 --> 00:20:10
			Now I remember a quote that, Mark Twain
		
00:20:10 --> 00:20:11
			said, never let schooling
		
00:20:12 --> 00:20:13
			interfere with your education.
		
00:20:14 --> 00:20:15
			Alright. This is one of the first, and
		
00:20:15 --> 00:20:17
			I'm gonna kinda go through them quickly and
		
00:20:17 --> 00:20:19
			then talk about actually some strategy. And I'm
		
00:20:19 --> 00:20:21
			paying attention to time, actually. I'm gonna speak
		
00:20:21 --> 00:20:23
			a little fast. I'll slow down for you
		
00:20:23 --> 00:20:24
			a little bit because I know I can
		
00:20:24 --> 00:20:24
			go.
		
00:20:26 --> 00:20:27
			Alright. What I'm currently reading,
		
00:20:27 --> 00:20:29
			Entrepreneur's Solution
		
00:20:29 --> 00:20:30
			by Mel Abraham.
		
00:20:32 --> 00:20:34
			He's mentored by one of my mentors, Grit,
		
00:20:35 --> 00:20:36
			Anton of Duckworth.
		
00:20:36 --> 00:20:38
			Now you might like audiobooks.
		
00:20:38 --> 00:20:40
			I prefer physical books. I like these, but
		
00:20:40 --> 00:20:41
			I also listen to audiobooks too because I
		
00:20:41 --> 00:20:43
			also travel a lot.
		
00:20:49 --> 00:20:50
			These are just a a few of the
		
00:20:50 --> 00:20:52
			books in in one of my libraries. Start
		
00:20:52 --> 00:20:54
			your own corporation. You're a sudden attorney. Own
		
00:20:54 --> 00:20:56
			your own corporation. Guide to Investing Gold and
		
00:20:56 --> 00:20:58
			Silver. Again, you could you need to download
		
00:20:58 --> 00:21:00
			this book. This book, Guide to Investing Gold
		
00:21:00 --> 00:21:00
			and Silver,
		
00:21:01 --> 00:21:03
			wealth of information and knowledge, and you can
		
00:21:03 --> 00:21:05
			get it free. Download that at goldandsilver.com.
		
00:21:06 --> 00:21:08
			High performance habits, guide to invest in. Robert
		
00:21:08 --> 00:21:09
			Kiyosaki is super dope.
		
00:21:10 --> 00:21:12
			After thinking, go rich, I will suggest having
		
00:21:13 --> 00:21:15
			this is the next book. Not this.
		
00:21:15 --> 00:21:17
			Rich dad, poor dad.
		
00:21:19 --> 00:21:21
			As the next book. You might be like,
		
00:21:21 --> 00:21:22
			you know, I came on here so I
		
00:21:22 --> 00:21:24
			can get some information on how I can
		
00:21:24 --> 00:21:26
			do a wealth. I'm giving it to you
		
00:21:26 --> 00:21:26
			now.
		
00:21:27 --> 00:21:29
			We're laying the foundation now. Your foundation is
		
00:21:29 --> 00:21:31
			shaky. Doesn't matter what type of business, what
		
00:21:31 --> 00:21:32
			type of ventures or investing you get into.
		
00:21:32 --> 00:21:33
			It's likely
		
00:21:34 --> 00:21:36
			gonna depend on someone else if you can't
		
00:21:36 --> 00:21:38
			stand on your own. So rich dad, poor
		
00:21:38 --> 00:21:40
			dad. Of course, I was talking about rich
		
00:21:40 --> 00:21:42
			kid. Smart kid. I mean, having 10 biological
		
00:21:42 --> 00:21:44
			children and 2 bonus children, you kinda need
		
00:21:44 --> 00:21:45
			to know this stuff. Right?
		
00:21:46 --> 00:21:47
			On top of that,
		
00:21:48 --> 00:21:50
			21 year for the laws of leadership. This
		
00:21:50 --> 00:21:51
			is the workbook that I go through and
		
00:21:51 --> 00:21:53
			train brothers on every weekend and train my
		
00:21:53 --> 00:21:54
			family on as well. The 21 year for
		
00:21:54 --> 00:21:55
			the laws of leadership.
		
00:21:56 --> 00:21:57
			Why?
		
00:21:58 --> 00:22:00
			Not only is it about thinking, it's about
		
00:22:00 --> 00:22:02
			leading, leading ourselves first, being motivated enough to
		
00:22:02 --> 00:22:03
			move forward.
		
00:22:04 --> 00:22:05
			Me, for example. When I talk about a
		
00:22:05 --> 00:22:07
			secure plan, a secure plan makes sure that
		
00:22:07 --> 00:22:10
			there's money coming in. There's currency coming in
		
00:22:10 --> 00:22:11
			enough to take care of all the bills
		
00:22:11 --> 00:22:13
			and have stuff over your head. Now here's
		
00:22:13 --> 00:22:15
			the challenge. We also have to question how
		
00:22:15 --> 00:22:16
			we as Muslims,
		
00:22:17 --> 00:22:18
			define wealth
		
00:22:18 --> 00:22:20
			define wealth. People talk about They're wealthy, and
		
00:22:20 --> 00:22:22
			they and we talk about rich, and we
		
00:22:22 --> 00:22:23
			only you know, usually, I think about finances.
		
00:22:24 --> 00:22:26
			That is very, very limiting. When people ask
		
00:22:26 --> 00:22:27
			me, they say, okay. Well, you know, you
		
00:22:27 --> 00:22:29
			practice polygyny. My coach passed, and I've been
		
00:22:29 --> 00:22:31
			married 25 years. So 15 years of monoclonal,
		
00:22:31 --> 00:22:34
			and then 10 years in polygyny. And they
		
00:22:34 --> 00:22:35
			ask the question, well, do you have to
		
00:22:35 --> 00:22:36
			be rich? And I'm like, yeah. Absolutely.
		
00:22:37 --> 00:22:38
			Now do you have to be financially rich?
		
00:22:38 --> 00:22:41
			No. You don't necessarily have to be. But
		
00:22:41 --> 00:22:43
			emotionally, leadership wise, being able to handle things,
		
00:22:43 --> 00:22:44
			yes. You do need to be rich. We
		
00:22:44 --> 00:22:46
			have to watch how we define words.
		
00:22:46 --> 00:22:48
			So this is what I consider being wealthy.
		
00:22:48 --> 00:22:50
			Wealthy is that you have enough income
		
00:22:51 --> 00:22:52
			coming in
		
00:22:52 --> 00:22:55
			without you working for it so that should
		
00:22:55 --> 00:22:56
			you lose your job, if you have a
		
00:22:56 --> 00:22:58
			job, which is okay. You know, you have
		
00:22:58 --> 00:23:00
			a job. Should you lose your job, but
		
00:23:00 --> 00:23:02
			now you have assets that are pouring into
		
00:23:02 --> 00:23:03
			you, you're winning. You're wealthy.
		
00:23:04 --> 00:23:06
			See, wealth doesn't have much to do with
		
00:23:06 --> 00:23:08
			how much more as it does with the
		
00:23:08 --> 00:23:09
			length of time.
		
00:23:10 --> 00:23:12
			So are you 6 months wealthy? Do you
		
00:23:12 --> 00:23:14
			have 6 months worth of expenses Should everything
		
00:23:14 --> 00:23:16
			shut down like it did in the springtime,
		
00:23:16 --> 00:23:17
			for example, this pandemic?
		
00:23:17 --> 00:23:19
			Did you have enough to pay your expenses
		
00:23:19 --> 00:23:20
			for the next 6 months or worry about
		
00:23:20 --> 00:23:23
			being homeless or having food or being prep
		
00:23:23 --> 00:23:24
			you know, so how wealthy are you? Are
		
00:23:24 --> 00:23:26
			you wealthy just enough to the next check
		
00:23:26 --> 00:23:27
			on a job?
		
00:23:28 --> 00:23:30
			Because now these books and these things that
		
00:23:30 --> 00:23:32
			you're learning that raise your financial IQ help
		
00:23:32 --> 00:23:33
			you do better
		
00:23:33 --> 00:23:35
			help you do better. I'm gonna go through
		
00:23:35 --> 00:23:36
			just a few more of these. These are
		
00:23:36 --> 00:23:37
			really good.
		
00:23:37 --> 00:23:39
			Tipping point, understand different trends and look.
		
00:23:40 --> 00:23:41
			It's not about how much you make. It's
		
00:23:41 --> 00:23:43
			how much you keep. So that book is
		
00:23:43 --> 00:23:43
			$3.
		
00:23:44 --> 00:23:46
			Okay? $3. Now it's a $15 book. It's
		
00:23:46 --> 00:23:48
			worth much more than that, but the tipping
		
00:23:48 --> 00:23:49
			point by Malcolm Gladwell, $3.
		
00:23:51 --> 00:23:52
			Teaching your children to get inspired,
		
00:23:53 --> 00:23:54
			millionaire.
		
00:23:54 --> 00:23:56
			Millionaire at 14 years old.
		
00:23:57 --> 00:23:59
			Millionaire success habits, Dean Graziosi,
		
00:24:00 --> 00:24:02
			philosophy, just Jeff Olson. I'll go through 1
		
00:24:02 --> 00:24:04
			more books, but I'm gonna let me see.
		
00:24:05 --> 00:24:06
			Nothing else in particular.
		
00:24:06 --> 00:24:07
			They're good,
		
00:24:07 --> 00:24:09
			but nothing else in particular. I think you
		
00:24:09 --> 00:24:09
			got the
		
00:24:10 --> 00:24:11
			point. I really think you have one. I
		
00:24:11 --> 00:24:14
			pray you get the point. It's about continuing
		
00:24:14 --> 00:24:16
			education and investing in yourself. Once you know
		
00:24:16 --> 00:24:18
			the difference between currency and money, you can
		
00:24:18 --> 00:24:19
			use your currency to buy some money.
		
00:24:20 --> 00:24:21
			That's used more as a hedge or an
		
00:24:21 --> 00:24:22
			insurance as
		
00:24:23 --> 00:24:25
			the dollar goes back to what its intrinsic
		
00:24:25 --> 00:24:27
			value is 0, this grows.
		
00:24:28 --> 00:24:30
			See, this gold coin right here,
		
00:24:30 --> 00:24:31
			this is not worth
		
00:24:32 --> 00:24:34
			technically, it's not worth it didn't go up
		
00:24:34 --> 00:24:36
			in price or up in worth or become
		
00:24:36 --> 00:24:37
			more scarce.
		
00:24:38 --> 00:24:40
			We're now it's worth almost $2,000 an ounce.
		
00:24:40 --> 00:24:42
			No. I didn't. What happens is the dollar's
		
00:24:42 --> 00:24:43
			buying power flatlined
		
00:24:44 --> 00:24:46
			so that it continues this continues to go
		
00:24:46 --> 00:24:48
			up. Real money always wins.
		
00:24:48 --> 00:24:50
			Gold and silver always wins for the last
		
00:24:50 --> 00:24:53
			5000 years since the first, you know, currency
		
00:24:53 --> 00:24:54
			crash back in Athens.
		
00:24:55 --> 00:24:55
			So
		
00:24:56 --> 00:24:58
			if you go to another resource, which is
		
00:24:58 --> 00:25:00
			huge, there's 10 different 10 or 11 different
		
00:25:00 --> 00:25:03
			videos in the series even including different cryptocurrencies.
		
00:25:03 --> 00:25:05
			It's called the hidden secrets of money. My
		
00:25:05 --> 00:25:08
			Mike Maloney, again, one of my favorite, authors
		
00:25:08 --> 00:25:09
			and trainers, but Mike Maloney goes into it.
		
00:25:09 --> 00:25:10
			The hidden secrets
		
00:25:11 --> 00:25:12
			of money. So you really understand what I'm
		
00:25:12 --> 00:25:14
			talking about when I'm talking about currency crashes
		
00:25:14 --> 00:25:17
			and and different challenges. My main thing, secure
		
00:25:17 --> 00:25:19
			is number 1. That's the first part.
		
00:25:19 --> 00:25:20
			Second thing is being comfortable.
		
00:25:21 --> 00:25:23
			That's 3 different type of business or asset
		
00:25:23 --> 00:25:23
			classes.
		
00:25:24 --> 00:25:25
			But now I have to ask you, and
		
00:25:25 --> 00:25:27
			it's hard to ask you because I'm speaking,
		
00:25:27 --> 00:25:28
			and I had to go into the q
		
00:25:28 --> 00:25:30
			and a, but what is an asset? What's
		
00:25:30 --> 00:25:32
			the best way to really define what an
		
00:25:32 --> 00:25:32
			asset is?
		
00:25:33 --> 00:25:35
			As you increase your financial intelligence, you have
		
00:25:35 --> 00:25:37
			to be able to read.
		
00:25:37 --> 00:25:39
			Alright. You have to be able to read.
		
00:25:39 --> 00:25:40
			Read the numbers is what I'm talking
		
00:25:41 --> 00:25:42
			about. So what is an asset? What is
		
00:25:42 --> 00:25:43
			a liability?
		
00:25:43 --> 00:25:45
			Because there are basically 4 quadrants that we
		
00:25:45 --> 00:25:47
			give. You have income, so that whether that's
		
00:25:47 --> 00:25:49
			for a job or business or what have
		
00:25:49 --> 00:25:50
			you, then you have expenses.
		
00:25:50 --> 00:25:51
			Those are bills.
		
00:25:52 --> 00:25:53
			Some of them you could pay off whether
		
00:25:53 --> 00:25:55
			it's, like, home mortgage or a car or
		
00:25:55 --> 00:25:56
			whatever. Then there's stuff that you don't pay
		
00:25:56 --> 00:25:58
			off like taxes
		
00:25:59 --> 00:26:00
			and other stuff, grocery and stuff like that.
		
00:26:00 --> 00:26:03
			Alright? That's an ongoing expenses that you have.
		
00:26:03 --> 00:26:04
			Then there are assets and there are liabilities.
		
00:26:05 --> 00:26:07
			So when I ask people, like, you know,
		
00:26:07 --> 00:26:08
			what's your what's your biggest asset that you
		
00:26:08 --> 00:26:10
			have? Most times they come out and say,
		
00:26:10 --> 00:26:11
			hey.
		
00:26:11 --> 00:26:13
			That's my house. House is an asset because
		
00:26:13 --> 00:26:14
			the banker tells you it's an asset.
		
00:26:15 --> 00:26:17
			But in reality, most people's houses are liabilities.
		
00:26:18 --> 00:26:19
			Let me help you define that.
		
00:26:21 --> 00:26:22
			An asset
		
00:26:23 --> 00:26:25
			is something that puts currency in your pocket.
		
00:26:26 --> 00:26:28
			A liability is something that takes it from
		
00:26:28 --> 00:26:29
			your pocket.
		
00:26:29 --> 00:26:31
			So if you have a house that you're
		
00:26:31 --> 00:26:32
			living in,
		
00:26:33 --> 00:26:34
			you're not ringing out.
		
00:26:35 --> 00:26:37
			You're paying taxes on it minimally even if
		
00:26:37 --> 00:26:39
			you own it fully. It's a liability. It's
		
00:26:39 --> 00:26:41
			a good liability. You need that. You should
		
00:26:41 --> 00:26:43
			have that. Right? But now if you have
		
00:26:43 --> 00:26:44
			a house, piece of real estate that you're
		
00:26:44 --> 00:26:46
			renting out, whether it's to a business or
		
00:26:46 --> 00:26:48
			an individual for residents or whatnot,
		
00:26:48 --> 00:26:50
			it's putting money in your pocket. Whatever bills
		
00:26:50 --> 00:26:52
			and things are paid or expenses on that
		
00:26:52 --> 00:26:54
			particular property, for example, is paid off by
		
00:26:54 --> 00:26:55
			the those tenants.
		
00:26:56 --> 00:26:59
			That's a lot that's a liability, those expenses,
		
00:26:59 --> 00:27:01
			but the money coming in from the tenant,
		
00:27:01 --> 00:27:03
			and, again, I'm using money and currency interchangeably,
		
00:27:04 --> 00:27:05
			pays for that. So now you have some
		
00:27:05 --> 00:27:07
			passive income coming in. Again, this is so
		
00:27:07 --> 00:27:10
			important. There's 4 things. You have income, expenses,
		
00:27:10 --> 00:27:12
			assets, liabilities. We must know what each of
		
00:27:12 --> 00:27:14
			them are. Usually, you know what income is.
		
00:27:14 --> 00:27:16
			Many people work a job, taxes get taken
		
00:27:16 --> 00:27:18
			out, get that coming in. Alright. You have
		
00:27:18 --> 00:27:19
			business, that coming in as well. But, again,
		
00:27:19 --> 00:27:22
			those are assets. Your assets provide income.
		
00:27:22 --> 00:27:24
			Your income pays your expenses.
		
00:27:24 --> 00:27:26
			So by that, you could determine your wealth.
		
00:27:26 --> 00:27:27
			Are you wealthy for 2 weeks?
		
00:27:28 --> 00:27:29
			Are you 2 years wealthy?
		
00:27:30 --> 00:27:32
			Are you 20 years wealthy? And, of course,
		
00:27:32 --> 00:27:34
			things change, and markets change, and cycles change.
		
00:27:35 --> 00:27:37
			But I want to challenge you
		
00:27:38 --> 00:27:39
			in how you think,
		
00:27:40 --> 00:27:41
			because out of the comfortable plan, the next
		
00:27:41 --> 00:27:43
			one is the rich plan. I mean, I'm
		
00:27:43 --> 00:27:44
			not gonna talk too much about that one,
		
00:27:44 --> 00:27:46
			but I will talk about another asset class.
		
00:27:46 --> 00:27:47
			You have businesses.
		
00:27:48 --> 00:27:50
			Business is an asset class. That should put
		
00:27:50 --> 00:27:51
			money in your pocket. Of course, it'll cost
		
00:27:51 --> 00:27:53
			you. Yes. There's expenses, but there's all profit
		
00:27:53 --> 00:27:55
			and loss statement sheets and stuff. I don't
		
00:27:55 --> 00:27:57
			wanna get too technical, but they're businesses. But
		
00:27:57 --> 00:27:58
			the more you learn about businesses, you recognize
		
00:27:58 --> 00:28:00
			there's 3 different types. In general, of course,
		
00:28:00 --> 00:28:02
			you got real estate. You have traditional business
		
00:28:02 --> 00:28:04
			where either or 3 different types of systems
		
00:28:04 --> 00:28:06
			of business, I should say. That's franchises. Somebody
		
00:28:06 --> 00:28:08
			else put a system together, you can buy
		
00:28:08 --> 00:28:10
			that type of system, follow the things that
		
00:28:10 --> 00:28:11
			they say,
		
00:28:11 --> 00:28:13
			try to work it like clockwork. You can
		
00:28:13 --> 00:28:15
			use your own intellectual property. Use that information.
		
00:28:15 --> 00:28:17
			You you develop it. You build it. You
		
00:28:17 --> 00:28:18
			create it. I give you an example of
		
00:28:18 --> 00:28:20
			that. Back in 2012,
		
00:28:21 --> 00:28:24
			my first book was Muslims parenting on purpose.
		
00:28:25 --> 00:28:27
			Alright. My my wife and I were the
		
00:28:27 --> 00:28:30
			the, the cofounders of outstanding Muslim parents. And
		
00:28:30 --> 00:28:31
			at that time, I think I had 7
		
00:28:31 --> 00:28:33
			or 8 children at the time, and now,
		
00:28:33 --> 00:28:34
			again, it's 10.
		
00:28:34 --> 00:28:36
			Biological with my 2 boneless babies, but so
		
00:28:36 --> 00:28:37
			I wrote a book.
		
00:28:38 --> 00:28:40
			It was intellectual property. I had an idea
		
00:28:40 --> 00:28:41
			to go ahead and do something I was
		
00:28:41 --> 00:28:42
			good at.
		
00:28:42 --> 00:28:43
			And and the reason I was good at
		
00:28:43 --> 00:28:45
			it, people kept asking about it. They're like,
		
00:28:45 --> 00:28:47
			yo, we see your children behave this fashion.
		
00:28:47 --> 00:28:48
			They do this. We see you know, they
		
00:28:48 --> 00:28:49
			get up. You you pray, and you do
		
00:28:49 --> 00:28:51
			all kinds of stuff that your children didn't
		
00:28:51 --> 00:28:52
			do, and I was really lucky in that.
		
00:28:52 --> 00:28:53
			First of all, I had so many people
		
00:28:53 --> 00:28:55
			asking, and I had people's children that were
		
00:28:55 --> 00:28:57
			totally abandoned the dean and all that. And
		
00:28:57 --> 00:28:58
			I'm like, you know what? Let's get into
		
00:28:58 --> 00:29:00
			it. So I had a framework that I
		
00:29:00 --> 00:29:01
			used in my family that I learned from
		
00:29:01 --> 00:29:03
			a lot of the business stuff in investment,
		
00:29:03 --> 00:29:05
			a lot of the home business training and
		
00:29:05 --> 00:29:06
			different things. Right?
		
00:29:06 --> 00:29:08
			So we're looking, and from the book developed
		
00:29:08 --> 00:29:11
			an entire course, went to Egypt, Huda TV,
		
00:29:11 --> 00:29:12
			and utilized
		
00:29:12 --> 00:29:15
			though that same framework to create a program.
		
00:29:15 --> 00:29:16
			We did 30 episodes,
		
00:29:16 --> 00:29:17
			so we created a,
		
00:29:18 --> 00:29:19
			a 6 6 DVD,
		
00:29:20 --> 00:29:21
			program, and it's still up. You go to
		
00:29:21 --> 00:29:23
			outstanding Muslim appearance dot com. That's the type
		
00:29:23 --> 00:29:25
			of business that I love. That's a digital
		
00:29:25 --> 00:29:27
			business, a knowledge commerce business. That business will
		
00:29:27 --> 00:29:28
			work for you no matter where you are
		
00:29:28 --> 00:29:30
			in the world, so no geographic restrictions.
		
00:29:31 --> 00:29:32
			But at the same time,
		
00:29:32 --> 00:29:35
			at the same exact time, it has money
		
00:29:35 --> 00:29:37
			coming in. It has currency coming in from
		
00:29:37 --> 00:29:38
			all over the world. You're not limited to
		
00:29:38 --> 00:29:40
			a brick and mortar place, so the margins
		
00:29:40 --> 00:29:41
			are high.
		
00:29:42 --> 00:29:44
			It may have it takes for this book,
		
00:29:44 --> 00:29:44
			for example,
		
00:29:45 --> 00:29:46
			it's about maybe $3
		
00:29:46 --> 00:29:48
			for me to get the book. The book
		
00:29:48 --> 00:29:49
			sells for 17.95.
		
00:29:49 --> 00:29:51
			So whether it's on Amazon or Barnes and
		
00:29:51 --> 00:29:53
			Noble, your local bookstore, physical copies, you can
		
00:29:53 --> 00:29:55
			get the book. But the spread is in
		
00:29:55 --> 00:29:57
			there that also pushes to the website, which
		
00:29:57 --> 00:29:58
			has other,
		
00:29:59 --> 00:30:01
			tools and resources for people to buy.
		
00:30:01 --> 00:30:02
			Now I'm not,
		
00:30:03 --> 00:30:04
			slide pitching you that. You know, if you
		
00:30:04 --> 00:30:05
			have it, you wanna check it out. It's
		
00:30:05 --> 00:30:07
			fine. But I wanna share with you that's
		
00:30:07 --> 00:30:09
			a business. That's an asset. I also have
		
00:30:09 --> 00:30:11
			a rental property, for example. There's a tenant.
		
00:30:11 --> 00:30:13
			She pays on a monthly basis through she
		
00:30:13 --> 00:30:14
			pays through her app and stuff like that
		
00:30:14 --> 00:30:16
			and stuff is handled. The thing is the
		
00:30:16 --> 00:30:18
			spread with the digital business is a lot
		
00:30:18 --> 00:30:20
			larger. We need a profit margin is a
		
00:30:20 --> 00:30:22
			lot larger than over there because there's there's
		
00:30:22 --> 00:30:23
			repairs that need to be done, things that
		
00:30:23 --> 00:30:25
			might go wrong, so on and so forth.
		
00:30:25 --> 00:30:26
			She may not pay, and it might be
		
00:30:26 --> 00:30:28
			court fees and costs.
		
00:30:28 --> 00:30:30
			So you have to weigh which one, but
		
00:30:30 --> 00:30:32
			those are 2 different types of assets or
		
00:30:32 --> 00:30:32
			businesses.
		
00:30:33 --> 00:30:36
			Now there's a basic quadrant that Kiyosaki
		
00:30:36 --> 00:30:37
			talks about.
		
00:30:37 --> 00:30:40
			He talks about e s b I, e
		
00:30:40 --> 00:30:41
			for employee,
		
00:30:41 --> 00:30:44
			s for small business or special specialists,
		
00:30:44 --> 00:30:46
			the b is for big business owner, and
		
00:30:46 --> 00:30:48
			the I is for investor. And these are
		
00:30:48 --> 00:30:49
			the 4 ways to really get income. No
		
00:30:49 --> 00:30:51
			one is necessarily better than the other. It
		
00:30:51 --> 00:30:53
			just depends on what your personal goals are.
		
00:30:54 --> 00:30:55
			For me, I didn't want to be poor.
		
00:30:55 --> 00:30:57
			There's a penalty in poverty for being poor.
		
00:30:57 --> 00:31:00
			Alright? Now poor more as an acronym
		
00:31:00 --> 00:31:02
			stands for passing over opportunities repeatedly
		
00:31:03 --> 00:31:05
			passing over opportunities repeatedly.
		
00:31:05 --> 00:31:07
			Now my great uncle who inspired me, for
		
00:31:07 --> 00:31:09
			example, he was illiterate till he was in
		
00:31:09 --> 00:31:11
			his mid thirties. He came from down south
		
00:31:11 --> 00:31:12
			with a great migration in the US
		
00:31:13 --> 00:31:14
			and came to the Midwest,
		
00:31:15 --> 00:31:16
			and he started a watermelon business that he
		
00:31:16 --> 00:31:18
			had, a watermelon farm down south. He started
		
00:31:18 --> 00:31:20
			water watermelon business in the Midwest. So he
		
00:31:20 --> 00:31:21
			would go from May
		
00:31:22 --> 00:31:24
			every year on Memorial Day in the US
		
00:31:24 --> 00:31:27
			to Labor Day, which is September every year,
		
00:31:27 --> 00:31:29
			and literally make a multiple six figure cash
		
00:31:29 --> 00:31:30
			income,
		
00:31:30 --> 00:31:32
			multiple six figures, and utilize that to buy
		
00:31:32 --> 00:31:34
			real estate. He couldn't read and write, he
		
00:31:34 --> 00:31:35
			told me, until he's in his thirties, but
		
00:31:35 --> 00:31:37
			he told me he can count cash.
		
00:31:38 --> 00:31:39
			I was inspired by that because I'm like,
		
00:31:39 --> 00:31:41
			I didn't have any extra education. My parents
		
00:31:41 --> 00:31:42
			didn't have money to send me to school.
		
00:31:42 --> 00:31:43
			I wasn't too interested in it. It was
		
00:31:43 --> 00:31:45
			really white supremacist based. They looked down on
		
00:31:45 --> 00:31:47
			you, all kinds of stuff. But I know
		
00:31:47 --> 00:31:48
			that being an entrepreneur,
		
00:31:49 --> 00:31:50
			you can hire the a students and the
		
00:31:50 --> 00:31:52
			b students to run your company for you.
		
00:31:52 --> 00:31:54
			They're looking for the security. See, in the
		
00:31:54 --> 00:31:56
			US, we have something called security. If you're
		
00:31:56 --> 00:31:58
			looking to get fed every single day, if
		
00:31:58 --> 00:31:59
			you wanna have room and board and not
		
00:31:59 --> 00:32:00
			have to deal with it and have maximum
		
00:32:00 --> 00:32:03
			security, there's a place that has maximum security.
		
00:32:03 --> 00:32:04
			It's called prison.
		
00:32:04 --> 00:32:07
			It's called prison. So many times you might
		
00:32:07 --> 00:32:08
			see the lions and the tigers and the
		
00:32:08 --> 00:32:10
			bears in cages or something in the circus.
		
00:32:10 --> 00:32:12
			They have maximum security. They have to worry
		
00:32:12 --> 00:32:13
			about where their food is coming from. You
		
00:32:13 --> 00:32:15
			don't have to worry about being housed. None
		
00:32:15 --> 00:32:17
			of that type of stuff. They're the resource.
		
00:32:17 --> 00:32:18
			But then you have the ones in the
		
00:32:18 --> 00:32:19
			wild who are free
		
00:32:20 --> 00:32:21
			with no guarantees.
		
00:32:21 --> 00:32:23
			See, being an entrepreneur or business person may
		
00:32:23 --> 00:32:25
			be lonely sometime. You might not get the
		
00:32:25 --> 00:32:26
			pats on your back because you started a
		
00:32:26 --> 00:32:27
			business.
		
00:32:27 --> 00:32:29
			But if you get a degree, oh, I
		
00:32:29 --> 00:32:30
			have this extra debt, you might get the
		
00:32:30 --> 00:32:31
			pat on your back. You might get the
		
00:32:31 --> 00:32:32
			celebration,
		
00:32:32 --> 00:32:34
			but then recognize it may not necessarily be
		
00:32:34 --> 00:32:37
			worth much, especially during the pandemic. But he
		
00:32:37 --> 00:32:38
			has the skills, whether you're electrician or a
		
00:32:38 --> 00:32:40
			mechanic or something like that. He's to simply
		
00:32:40 --> 00:32:42
			easily turn to businesses.
		
00:32:42 --> 00:32:44
			So I don't wanna look down on any
		
00:32:44 --> 00:32:45
			business,
		
00:32:45 --> 00:32:47
			but where are you in that quadrant? Are
		
00:32:47 --> 00:32:49
			you an employee? Are you a small business
		
00:32:49 --> 00:32:51
			owner, a specialist like a lawyer or, you
		
00:32:51 --> 00:32:53
			know, something like that, or are you a
		
00:32:53 --> 00:32:55
			big business owner? Big business owner means that
		
00:32:55 --> 00:32:56
			you can take your business,
		
00:32:57 --> 00:32:59
			run it, walk away from it, and then
		
00:32:59 --> 00:33:01
			continue to grow while you're not there. So
		
00:33:01 --> 00:33:03
			even though I'm not actively pursuing much stuff
		
00:33:03 --> 00:33:05
			in outstanding Muslim parents, people are still going.
		
00:33:05 --> 00:33:06
			They're still opting in. They're still part of
		
00:33:06 --> 00:33:08
			the systems. All this stuff is still online
		
00:33:08 --> 00:33:10
			and still making purchases without me having to
		
00:33:10 --> 00:33:11
			be there doing anything new.
		
00:33:12 --> 00:33:14
			1 one of my mentors told me,
		
00:33:14 --> 00:33:17
			be temporarily motivated to be permanently lazy.
		
00:33:18 --> 00:33:19
			Now I don't subscribe to philosophy. This is
		
00:33:19 --> 00:33:21
			what he was saying. If you make something,
		
00:33:21 --> 00:33:24
			design it, do it very well, one time
		
00:33:24 --> 00:33:25
			that could help a lot of people, and
		
00:33:25 --> 00:33:27
			you pay for it over and over and
		
00:33:27 --> 00:33:27
			over.
		
00:33:28 --> 00:33:30
			And the prophet let us know that Allah
		
00:33:30 --> 00:33:32
			is the one who benefits he said the
		
00:33:32 --> 00:33:33
			best person is the one who benefits the
		
00:33:33 --> 00:33:34
			most people.
		
00:33:34 --> 00:33:36
			We have an opportunity and time. In this
		
00:33:36 --> 00:33:38
			age right now, I'm standing up in my
		
00:33:38 --> 00:33:39
			living room
		
00:33:40 --> 00:33:42
			talking to the world on different platforms
		
00:33:43 --> 00:33:45
			across the the planet for very little cost.
		
00:33:46 --> 00:33:48
			We have a our very unique opportunity right
		
00:33:48 --> 00:33:50
			now in the digital marketing space, an Internet
		
00:33:50 --> 00:33:53
			marketing space to empower people, to equip people
		
00:33:53 --> 00:33:54
			as long as we're willing to invest in
		
00:33:54 --> 00:33:55
			ourselves.
		
00:33:56 --> 00:33:58
			I wasn't the public speaker guy. My mentor
		
00:33:58 --> 00:33:59
			was like, look, Nadia. You need to get
		
00:33:59 --> 00:34:00
			in front of the room. You have a
		
00:34:00 --> 00:34:01
			success in this business. Your team needs to
		
00:34:01 --> 00:34:03
			see you there. I was nervous. I was
		
00:34:03 --> 00:34:04
			like, man, I'm doing good right here.
		
00:34:05 --> 00:34:06
			He kinda forced me to do it. I'm
		
00:34:06 --> 00:34:07
			light skinned. I turned a little red and
		
00:34:07 --> 00:34:09
			pink. It was wintertime. I had this, you
		
00:34:09 --> 00:34:11
			know, the melanin in my skin I can
		
00:34:11 --> 00:34:12
			eat it to at the time. I was
		
00:34:12 --> 00:34:13
			nervous, but he saw more of me and
		
00:34:13 --> 00:34:14
			he stretched me.
		
00:34:15 --> 00:34:16
			And he told me it's okay to copycat
		
00:34:16 --> 00:34:18
			as long as you copy the right cat.
		
00:34:19 --> 00:34:20
			And I'm like, hold on a second. I'm
		
00:34:20 --> 00:34:21
			Muslim.
		
00:34:21 --> 00:34:22
			We need this team. We should be leading
		
00:34:22 --> 00:34:23
			this.
		
00:34:23 --> 00:34:24
			We should be growing this. We should be
		
00:34:24 --> 00:34:27
			examples. So I I had to go and
		
00:34:27 --> 00:34:29
			grow in order to take excuses away from
		
00:34:29 --> 00:34:30
			other people
		
00:34:30 --> 00:34:32
			in order to do that.
		
00:34:32 --> 00:34:34
			So with that being said, I'm gonna pause.
		
00:34:34 --> 00:34:36
			Just I'll pause for a second. I know
		
00:34:36 --> 00:34:37
			yeah. Well, what are we about?
		
00:34:38 --> 00:34:40
			Okay. Cool. I mean, I'm making some pretty
		
00:34:40 --> 00:34:41
			good time. I'll pause in case you have
		
00:34:41 --> 00:34:43
			any questions right here, and I need to
		
00:34:43 --> 00:34:45
			turn something down in case it's affecting
		
00:34:47 --> 00:34:47
			the audio.
		
00:34:55 --> 00:34:55
			Any questions,
		
00:34:56 --> 00:34:58
			ladies and gentlemen, brothers and sisters? If you
		
00:34:58 --> 00:35:00
			have any questions, then please type them in
		
00:35:00 --> 00:35:01
			the chat.
		
00:35:03 --> 00:35:06
			Real quick. Rashida says, isn't even the gold
		
00:35:06 --> 00:35:07
			and silver only worth what someone will pay
		
00:35:07 --> 00:35:09
			for? And this essence, like, diamonds? Yes and
		
00:35:09 --> 00:35:10
			no. Yes and no. Money has 6 specific
		
00:35:10 --> 00:35:11
			qualities, and a couple of these are very
		
00:35:11 --> 00:35:12
			important to understand.
		
00:35:17 --> 00:35:18
			So back in the day,
		
00:35:19 --> 00:35:21
			as in, like, 1,000 or so years ago,
		
00:35:21 --> 00:35:23
			they would have scales, and you would actually
		
00:35:23 --> 00:35:24
			have to measure
		
00:35:24 --> 00:35:26
			different things out. Today, this is divisible
		
00:35:27 --> 00:35:29
			and is fungible, and it lasts over a
		
00:35:29 --> 00:35:31
			long period of time. So now one ounce
		
00:35:31 --> 00:35:33
			here, a one ounce of gold is another
		
00:35:33 --> 00:35:35
			ounce of gold. You can weigh that. Or
		
00:35:35 --> 00:35:36
			give a half ounce or a ounce of
		
00:35:36 --> 00:35:38
			silver, and now you can calculate stuff relatively
		
00:35:38 --> 00:35:41
			quick. With diamonds, there's no standard,
		
00:35:42 --> 00:35:43
			weight and things with that. So you have
		
00:35:43 --> 00:35:45
			to continue with that old scale of measuring
		
00:35:45 --> 00:35:47
			and everything by weights, which, again, is kind
		
00:35:47 --> 00:35:49
			of like a technological breakthrough with the way
		
00:35:49 --> 00:35:51
			we can mint things right now. Now, of
		
00:35:51 --> 00:35:52
			course, anything is worth what somebody else is
		
00:35:52 --> 00:35:53
			willing to pay for.
		
00:35:54 --> 00:35:55
			But here's the thing. It's something about a
		
00:35:55 --> 00:35:56
			lot of other let's us know in Quran
		
00:35:56 --> 00:35:58
			to some notes. He says,
		
00:35:59 --> 00:36:00
			you put the love of women, and you
		
00:36:00 --> 00:36:02
			all talk also talking in in I AM
		
00:36:02 --> 00:36:03
			talks about why you put the love of
		
00:36:03 --> 00:36:05
			women and children and gold and silver and
		
00:36:05 --> 00:36:07
			so on and list a few other things
		
00:36:07 --> 00:36:09
			in men. He put these things in us.
		
00:36:09 --> 00:36:11
			Right? Well, there's something about this little flashy
		
00:36:11 --> 00:36:12
			gold medal
		
00:36:13 --> 00:36:14
			that we really like
		
00:36:15 --> 00:36:17
			that we really like. Are we gonna trade
		
00:36:17 --> 00:36:18
			it for
		
00:36:18 --> 00:36:18
			pieces
		
00:36:19 --> 00:36:20
			of paper?
		
00:36:20 --> 00:36:22
			Some people? Yeah. Of course. I mean, you
		
00:36:22 --> 00:36:23
			won't you'll buy it right now, and that
		
00:36:23 --> 00:36:25
			piece piece of paper has value, which is
		
00:36:25 --> 00:36:27
			only backed by the full faith in credit.
		
00:36:28 --> 00:36:29
			Credit, debt,
		
00:36:30 --> 00:36:31
			credit of the people.
		
00:36:32 --> 00:36:34
			But what's important is to know
		
00:36:34 --> 00:36:37
			this for the last 5000 years, gold and
		
00:36:37 --> 00:36:37
			silver
		
00:36:38 --> 00:36:41
			has won against every single currency.
		
00:36:42 --> 00:36:44
			So when you trade something, you wanna look
		
00:36:44 --> 00:36:45
			at the intrinsic value, whether it's a barrel
		
00:36:45 --> 00:36:46
			of of oil,
		
00:36:47 --> 00:36:49
			whether it's a house. How many things of
		
00:36:49 --> 00:36:50
			this can buy a house?
		
00:36:51 --> 00:36:53
			That's the best way to measure. Measure something
		
00:36:53 --> 00:36:54
			with value
		
00:36:54 --> 00:36:56
			to a house versus, like, in dollars or
		
00:36:56 --> 00:36:58
			anything else. So even using a dollars' point
		
00:36:58 --> 00:37:00
			is because next year, maybe $3,000 or some
		
00:37:00 --> 00:37:01
			people are dictating that by December of this
		
00:37:01 --> 00:37:04
			year. Those would be 3,000 an ounce. Not
		
00:37:04 --> 00:37:05
			that it went up 4,000, just the dollar
		
00:37:05 --> 00:37:08
			continues to crash until it's going to eventually
		
00:37:08 --> 00:37:09
			this whole entire system that's pegged to that
		
00:37:09 --> 00:37:12
			US dollar is going to crash. There's, like,
		
00:37:12 --> 00:37:14
			no doubt about it historically speaking. The further
		
00:37:14 --> 00:37:15
			you can see into the past
		
00:37:16 --> 00:37:17
			is also the further you can see into
		
00:37:17 --> 00:37:19
			the future. This stuff is predictable, and it
		
00:37:19 --> 00:37:21
			goes on cycles, which is why I put
		
00:37:21 --> 00:37:23
			some information out there. But,
		
00:37:23 --> 00:37:24
			indeed. So
		
00:37:25 --> 00:37:26
			I have a question.
		
00:37:27 --> 00:37:28
			About the books.
		
00:37:29 --> 00:37:30
			I can list the books and send the
		
00:37:30 --> 00:37:32
			list. That's that's not a problem. We can
		
00:37:32 --> 00:37:33
			put it in the Facebook group and send
		
00:37:34 --> 00:37:36
			it to you. Getting a bunch of them.
		
00:37:36 --> 00:37:37
			I'll suggest where to start and where I
		
00:37:37 --> 00:37:39
			have my children start, for example.
		
00:37:39 --> 00:37:41
			Rich Dad Poor Dad. That's the first one
		
00:37:41 --> 00:37:42
			to get. If you really wanna speed up
		
00:37:42 --> 00:37:44
			your learning, you wanna get the game. It's
		
00:37:44 --> 00:37:47
			a board game called cash flow 101, the
		
00:37:47 --> 00:37:48
			original one. They had a remake. I don't
		
00:37:48 --> 00:37:50
			like to remake. But cash flow 101, you'll
		
00:37:50 --> 00:37:52
			learn more playing after 3 hours
		
00:37:52 --> 00:37:54
			than in any college courses. That's a really,
		
00:37:54 --> 00:37:55
			really good,
		
00:37:56 --> 00:37:57
			place to start there.
		
00:37:59 --> 00:38:01
			I have a question, brother. Yes, ma'am. I
		
00:38:01 --> 00:38:03
			just want to know a couple of things.
		
00:38:03 --> 00:38:05
			1, and maybe you touched on this, the
		
00:38:05 --> 00:38:07
			difference between assets and liabilities.
		
00:38:08 --> 00:38:10
			Maybe you touched on it. If not, if
		
00:38:10 --> 00:38:11
			you could just break that down,
		
00:38:12 --> 00:38:14
			and also the about what about
		
00:38:14 --> 00:38:15
			cryptocurrency?
		
00:38:16 --> 00:38:17
			Is cryptocurrency
		
00:38:17 --> 00:38:20
			basically going to be like the US dollar,
		
00:38:20 --> 00:38:22
			or is it more like gold and silver?
		
00:38:22 --> 00:38:24
			And what are your thoughts on it?
		
00:38:24 --> 00:38:27
			Okay. Good stuff. I'm glad you asked. Alright.
		
00:38:29 --> 00:38:31
			The first question, assets and liabilities.
		
00:38:31 --> 00:38:33
			The easiest way again to understand it, the
		
00:38:33 --> 00:38:34
			asset
		
00:38:35 --> 00:38:36
			puts currency or money in your pocket,
		
00:38:37 --> 00:38:38
			a liability takes it out.
		
00:38:39 --> 00:38:40
			So let's say I go get a brand
		
00:38:40 --> 00:38:42
			new BMW, Benz, whatever type of car that
		
00:38:42 --> 00:38:44
			you like. Is it an asset or liability?
		
00:38:45 --> 00:38:46
			In general, I'm getting it. If I'm getting
		
00:38:46 --> 00:38:49
			it from myself to drive, it's a liability,
		
00:38:49 --> 00:38:50
			and you already lose
		
00:38:50 --> 00:38:52
			1,000 of dollars or pounds or whatever currency
		
00:38:52 --> 00:38:54
			you're in as soon as you drive off
		
00:38:54 --> 00:38:55
			the lot. It's a liability.
		
00:38:55 --> 00:38:57
			You're constantly putting into it. I'll give it
		
00:38:57 --> 00:38:58
			a brand new Tesla. You might not be
		
00:38:58 --> 00:38:59
			putting
		
00:38:59 --> 00:39:01
			fuel into it, but you're recharging it. It's
		
00:39:01 --> 00:39:04
			still a liability. It's taking from versus adding
		
00:39:04 --> 00:39:05
			to. Now how can that vehicle
		
00:39:06 --> 00:39:08
			be an asset? It has to put cash
		
00:39:08 --> 00:39:10
			in your pocket. Right? So what if that's
		
00:39:10 --> 00:39:12
			part of a fleet for your business or,
		
00:39:12 --> 00:39:14
			ride sharing or something, where now it's paying
		
00:39:14 --> 00:39:16
			for itself or other people are paying to
		
00:39:16 --> 00:39:18
			utilize that, or it's being used and you
		
00:39:18 --> 00:39:20
			paint it all up to promote your business
		
00:39:20 --> 00:39:21
			and stuff like that, and it brings in
		
00:39:21 --> 00:39:24
			more business. Again, it comes to here. This
		
00:39:24 --> 00:39:25
			is one of the things about taxes.
		
00:39:26 --> 00:39:26
			See,
		
00:39:27 --> 00:39:29
			an employee gets taxed first. So when you
		
00:39:29 --> 00:39:31
			get a paycheck, all their taxes and deductions
		
00:39:31 --> 00:39:33
			are taken out first, and you're left with
		
00:39:33 --> 00:39:35
			the rest. The government knows why.
		
00:39:36 --> 00:39:37
			They know why.
		
00:39:37 --> 00:39:39
			Because if you were required to give it
		
00:39:39 --> 00:39:40
			to us all after you got your check,
		
00:39:40 --> 00:39:42
			there'd be a big uproar.
		
00:39:42 --> 00:39:44
			I mean, in the US right now, I
		
00:39:44 --> 00:39:47
			mean, 20, 30 tax 20, 30 percent of
		
00:39:47 --> 00:39:48
			stuff is going right to tax. It's going
		
00:39:48 --> 00:39:49
			to the government as though they were in
		
00:39:49 --> 00:39:51
			on your job with you. It is what
		
00:39:51 --> 00:39:54
			it is. It's it's it's obligatory here. Alright?
		
00:39:54 --> 00:39:56
			It's for those who have a job, if
		
00:39:56 --> 00:39:57
			you will. Right?
		
00:39:58 --> 00:39:59
			But businesses,
		
00:39:59 --> 00:40:01
			you get to deduct the expenses and everything
		
00:40:01 --> 00:40:03
			that are related to that first and pay
		
00:40:03 --> 00:40:05
			taxes on the profits on what's left.
		
00:40:06 --> 00:40:08
			Alright? So now you can pay your children.
		
00:40:08 --> 00:40:10
			The deduction in the US will 10,000
		
00:40:10 --> 00:40:12
			a year per child. You can do all
		
00:40:12 --> 00:40:13
			that and pay all of them tax free
		
00:40:13 --> 00:40:15
			and deduct that from your expenses.
		
00:40:15 --> 00:40:16
			So the tax code is written for the
		
00:40:16 --> 00:40:17
			wealthy.
		
00:40:18 --> 00:40:19
			Alright. It's written for the wealthy. It's very
		
00:40:19 --> 00:40:21
			important to understand it. Now, again, assets put
		
00:40:21 --> 00:40:23
			money in your pocket or put currency in
		
00:40:23 --> 00:40:26
			your pocket. Liabilities take it from.
		
00:40:26 --> 00:40:27
			So when you wanna just go out to
		
00:40:27 --> 00:40:29
			eat and do that, again, there's not anything
		
00:40:29 --> 00:40:31
			necessarily wrong with it. You we just need,
		
00:40:31 --> 00:40:34
			as adults, to be able to discern what's
		
00:40:34 --> 00:40:36
			an asset and a liability so that we're
		
00:40:36 --> 00:40:37
			seeing where our stuff is going and flowing
		
00:40:37 --> 00:40:38
			to.
		
00:40:38 --> 00:40:40
			Now talking about crypto
		
00:40:41 --> 00:40:42
			and whether that is gonna become a new
		
00:40:42 --> 00:40:44
			dollar or, you know, replace the system,
		
00:40:45 --> 00:40:46
			I I like crypto
		
00:40:46 --> 00:40:48
			in general. I like the idea and everything
		
00:40:48 --> 00:40:49
			behind it.
		
00:40:49 --> 00:40:51
			While the dollar is softening right now and
		
00:40:51 --> 00:40:52
			while the world,
		
00:40:52 --> 00:40:54
			Fiat currency enough softening,
		
00:40:55 --> 00:40:56
			Bitcoin in particular is hardening.
		
00:40:57 --> 00:40:58
			It's already just had a
		
00:40:59 --> 00:41:00
			that just happened a few months ago, so
		
00:41:00 --> 00:41:02
			it's becoming more and more scarce. There's only
		
00:41:02 --> 00:41:02
			21,
		
00:41:03 --> 00:41:05
			1,000,000 Bitcoins that are gonna be in existence,
		
00:41:05 --> 00:41:07
			and there's even less and less being mined
		
00:41:07 --> 00:41:09
			right now. So that means it's getting harder.
		
00:41:09 --> 00:41:13
			So, what was that? Satoshi, that's that's no.
		
00:41:13 --> 00:41:16
			Naruto, no. Something. Sasha to whatever his name
		
00:41:16 --> 00:41:18
			is. Who started Bitcoin or whatever crew that
		
00:41:18 --> 00:41:20
			was and everything behind it already solved the
		
00:41:20 --> 00:41:22
			system and really created a response to the
		
00:41:22 --> 00:41:23
			2,007,
		
00:41:24 --> 00:41:25
			2008, 2009 crash
		
00:41:25 --> 00:41:26
			that occurred.
		
00:41:27 --> 00:41:27
			So
		
00:41:28 --> 00:41:30
			being deregulated, decentralized, you can move things back
		
00:41:30 --> 00:41:32
			and forth, but, of course, there's a lot
		
00:41:32 --> 00:41:33
			of regulation trying to do stuff in US
		
00:41:33 --> 00:41:35
			dollars coming in with it, trying to make
		
00:41:35 --> 00:41:37
			it official and mandatory even for this next
		
00:41:37 --> 00:41:39
			stimulus package, which is scary.
		
00:41:39 --> 00:41:41
			Before this is pretty much reported that the
		
00:41:41 --> 00:41:43
			government already has it in play where January
		
00:41:43 --> 00:41:43
			1st
		
00:41:44 --> 00:41:47
			or November 30th, I think, that if you
		
00:41:47 --> 00:41:48
			wanna get this next stimulus,
		
00:41:49 --> 00:41:50
			that you're gonna have to have your wallet
		
00:41:50 --> 00:41:52
			and stuff for the government and your rest
		
00:41:52 --> 00:41:53
			of it is crazy. But
		
00:41:54 --> 00:41:56
			it's another asset class. Now in the hidden
		
00:41:56 --> 00:41:58
			secrets of money, I think it's it's the,
		
00:41:59 --> 00:42:01
			maybe the 9th or 10th episode. It's the
		
00:42:01 --> 00:42:04
			longest episode. So it goes into a blockchain
		
00:42:04 --> 00:42:05
			exactly what it is. But if we're looking
		
00:42:05 --> 00:42:08
			at something to replace with transactions or something
		
00:42:08 --> 00:42:09
			called Hashgraph,
		
00:42:09 --> 00:42:11
			that's really on a different level technologically. It's
		
00:42:11 --> 00:42:13
			a lot faster. It's more,
		
00:42:13 --> 00:42:13
			resilient.
		
00:42:14 --> 00:42:16
			But if you're looking at cryptocurrencies and who
		
00:42:16 --> 00:42:17
			has the market right now is Bitcoin. I
		
00:42:17 --> 00:42:19
			think there's about 11,400,
		
00:42:20 --> 00:42:21
			a coin right now
		
00:42:22 --> 00:42:23
			as a store value,
		
00:42:23 --> 00:42:25
			you know, to store some of your currency
		
00:42:25 --> 00:42:26
			there as a protection for it because it
		
00:42:26 --> 00:42:28
			can move pretty much anywhere in the world.
		
00:42:28 --> 00:42:29
			Now whether or not you think it's halal
		
00:42:29 --> 00:42:31
			or or whatever, you can go ahead and
		
00:42:31 --> 00:42:33
			research and, you know, find out a little
		
00:42:33 --> 00:42:35
			bit more from someone who's qualified in the
		
00:42:35 --> 00:42:37
			area of economics, which is very important to
		
00:42:37 --> 00:42:38
			understand.
		
00:42:38 --> 00:42:41
			But then some of them are are chunky.
		
00:42:41 --> 00:42:43
			You got the whole some of the stuff
		
00:42:43 --> 00:42:44
			that's coming out and just jumping up and
		
00:42:44 --> 00:42:46
			down, and I don't wanna get too technical
		
00:42:46 --> 00:42:48
			with this stuff. But once you get your
		
00:42:48 --> 00:42:49
			financial IQ up, go through the hidden secrets
		
00:42:49 --> 00:42:51
			of money, you talk about wealth cycles,
		
00:42:51 --> 00:42:53
			really start to look at the basics and
		
00:42:53 --> 00:42:55
			the foundation of it because there are a
		
00:42:55 --> 00:42:56
			lot of solutions that are in it. Not
		
00:42:56 --> 00:42:58
			all, but there are a lot of solutions
		
00:42:58 --> 00:42:59
			that are in it. And then at the
		
00:42:59 --> 00:43:01
			same time, with real money, with gold and
		
00:43:01 --> 00:43:04
			silver, you ain't losing there. That's the safest
		
00:43:04 --> 00:43:06
			bet, if you will, to protect or hinge
		
00:43:06 --> 00:43:08
			or have an insurance on it. And though
		
00:43:08 --> 00:43:10
			it's not technically an asset,
		
00:43:10 --> 00:43:12
			it protects your stuff. So if the market
		
00:43:12 --> 00:43:13
			crashes,
		
00:43:13 --> 00:43:14
			you're good. You have gold and silver. That's
		
00:43:14 --> 00:43:17
			likely gonna skyrocket based upon what history has
		
00:43:17 --> 00:43:18
			shown us for the last several 1000 years.
		
00:43:19 --> 00:43:20
			Is it fast? Is it like real estate?
		
00:43:20 --> 00:43:22
			We have currency coming every single month or
		
00:43:22 --> 00:43:25
			some people borrow against that. No. It's not.
		
00:43:25 --> 00:43:27
			It's not a cash flowing asset. Gold and
		
00:43:27 --> 00:43:28
			silver just sits there. The The crazy part
		
00:43:28 --> 00:43:30
			is that 80% of the gold has ever
		
00:43:30 --> 00:43:32
			been har harnessed so far as we know,
		
00:43:32 --> 00:43:35
			historically speaking, is still in existence.
		
00:43:35 --> 00:43:38
			Alright. Gold is mainly used either for, like,
		
00:43:38 --> 00:43:40
			money, decoration, and jewelry.
		
00:43:40 --> 00:43:42
			That's it. That's when you have any viable
		
00:43:42 --> 00:43:45
			uses outside of that. The challenge is silver,
		
00:43:45 --> 00:43:45
			though.
		
00:43:46 --> 00:43:48
			Silver right now is more rare than gold.
		
00:43:48 --> 00:43:49
			And check this with the US geological,
		
00:43:50 --> 00:43:51
			survey and everything, but silver is actually more
		
00:43:51 --> 00:43:54
			rare than gold. Silver is an industrial metal.
		
00:43:55 --> 00:43:57
			On every single one of these devices, my
		
00:43:57 --> 00:44:00
			laptop right here, phone over here, tablet, and
		
00:44:00 --> 00:44:02
			then the camera, In every single one of
		
00:44:02 --> 00:44:03
			these devices, including this microphone,
		
00:44:04 --> 00:44:06
			there's some silver in it. So there's silver
		
00:44:06 --> 00:44:08
			that we're never going to get back,
		
00:44:08 --> 00:44:10
			and silver is an industrial metal.
		
00:44:10 --> 00:44:13
			So in the wires outside, in our electricity,
		
00:44:13 --> 00:44:15
			out in our vehicles, we have bits and
		
00:44:15 --> 00:44:17
			bits and silver. So that's a deteriorating
		
00:44:18 --> 00:44:20
			metal. It's an industrial metal.
		
00:44:20 --> 00:44:23
			So that's why a lot of my, mentors
		
00:44:23 --> 00:44:25
			say, you know, we buy 500 ounces of
		
00:44:25 --> 00:44:27
			silver for 1 ounce of gold that we
		
00:44:27 --> 00:44:27
			get.
		
00:44:28 --> 00:44:30
			Now when you travel internationally, it's amazing because
		
00:44:30 --> 00:44:31
			you have to declare when you're leaving the
		
00:44:31 --> 00:44:32
			US or coming in whether or not you're
		
00:44:32 --> 00:44:34
			leaving with over $10,000
		
00:44:34 --> 00:44:35
			US currency.
		
00:44:35 --> 00:44:36
			So 10,000
		
00:44:36 --> 00:44:37
			cash.
		
00:44:37 --> 00:44:38
			But if you have
		
00:44:39 --> 00:44:40
			5 of these,
		
00:44:41 --> 00:44:44
			right, 5 of these, you know, 5 ounces
		
00:44:44 --> 00:44:45
			that you can have in your pocket, like,
		
00:44:45 --> 00:44:47
			we're in a pocket change. Anywhere in the
		
00:44:47 --> 00:44:50
			world, you can convert that to its equivalent
		
00:44:50 --> 00:44:51
			in whatever currency currency
		
00:44:52 --> 00:44:52
			that you're
		
00:44:53 --> 00:44:54
			in. That's money.
		
00:44:54 --> 00:44:57
			That's very important. Similarly, that's how crypto can
		
00:44:57 --> 00:44:59
			operate, but you still have to deal right
		
00:44:59 --> 00:45:01
			now at least with third party banks to
		
00:45:01 --> 00:45:03
			convert that into something that could be functionally
		
00:45:03 --> 00:45:05
			used unless you're dealing with different retailers and
		
00:45:05 --> 00:45:07
			individuals that can take that. So I hope
		
00:45:07 --> 00:45:09
			they help with that part, sis. I'm a
		
00:45:09 --> 00:45:11
			break right now because there's gonna be questions
		
00:45:11 --> 00:45:12
			to answers, and I also wanna get to
		
00:45:12 --> 00:45:13
			the sister's portion as well.
		
00:45:14 --> 00:45:16
			Unless you have any other particular questions right
		
00:45:16 --> 00:45:18
			now, I wanna be There's a question in
		
00:45:18 --> 00:45:20
			the chat. There's a question in the chat.
		
00:45:20 --> 00:45:21
			In other words, you can see it from
		
00:45:21 --> 00:45:21
			Hadija.
		
00:45:23 --> 00:45:25
			Oh, in the chat, you said. I'm sorry.
		
00:45:25 --> 00:45:26
			I was looking at the q and a
		
00:45:26 --> 00:45:26
			part. Give me a
		
00:45:30 --> 00:45:31
			second.
		
00:45:31 --> 00:45:32
			I can read it.
		
00:45:33 --> 00:45:36
			With the technological advances we're seeing,
		
00:45:36 --> 00:45:38
			will the concept of a 9 to 5
		
00:45:38 --> 00:45:41
			job eventually become a thing of the past?
		
00:45:41 --> 00:45:43
			Do you have any tips or strategies to
		
00:45:43 --> 00:45:44
			prepare for the
		
00:45:45 --> 00:45:46
			technological advances
		
00:45:47 --> 00:45:49
			and the changes that will eventually come with
		
00:45:49 --> 00:45:49
			it?
		
00:45:52 --> 00:45:55
			That's a very session. It's another hour long
		
00:45:55 --> 00:45:57
			session. Right? No. No. That's a very good
		
00:45:57 --> 00:45:59
			question. Now there's 2 books I'll suggest for
		
00:45:59 --> 00:46:00
			this. It's funny because I'm, like, getting prescriptions
		
00:46:01 --> 00:46:03
			of books out when I mentor, people.
		
00:46:03 --> 00:46:05
			But one is who moved my cheese? You
		
00:46:05 --> 00:46:07
			can the kids love that book too. You
		
00:46:07 --> 00:46:09
			can read that in basically 45 minutes. It's
		
00:46:09 --> 00:46:10
			called who moved my cheese.
		
00:46:10 --> 00:46:11
			Okay?
		
00:46:11 --> 00:46:13
			And it's really talking about adaptability
		
00:46:13 --> 00:46:15
			into markets. That's what you're asking right now.
		
00:46:15 --> 00:46:16
			It's on my 9 to 5 job. I
		
00:46:16 --> 00:46:19
			think right now, the pandemic has already let
		
00:46:19 --> 00:46:21
			us know. The second book is the 4
		
00:46:21 --> 00:46:22
			hour work week,
		
00:46:22 --> 00:46:24
			reading on lifestyle design.
		
00:46:24 --> 00:46:25
			I think who was it? I don't know
		
00:46:25 --> 00:46:26
			if it was,
		
00:46:27 --> 00:46:29
			Apple or Google or one of the big
		
00:46:29 --> 00:46:30
			tech companies just decided that
		
00:46:31 --> 00:46:33
			their place could work from home forever. They're
		
00:46:33 --> 00:46:35
			not gonna necessarily have to come back. So
		
00:46:35 --> 00:46:36
			commercial real estate may be suffering in in
		
00:46:36 --> 00:46:38
			different parts because even the mall like the
		
00:46:38 --> 00:46:40
			Mall of America right now is is back
		
00:46:40 --> 00:46:41
			a few
		
00:46:41 --> 00:46:41
			$1,000,000,000
		
00:46:42 --> 00:46:43
			on their monthly lease.
		
00:46:44 --> 00:46:45
			They can't pay their lease. The Mall of
		
00:46:45 --> 00:46:47
			America, the biggest mall in the United States
		
00:46:47 --> 00:46:50
			and Minnesota can't pay their lease. It's commercial.
		
00:46:50 --> 00:46:52
			They have a few $1,000,000,000 in the hole,
		
00:46:52 --> 00:46:54
			right, right now as we speak. Crazy.
		
00:46:55 --> 00:46:56
			But whether or not you're gonna have to
		
00:46:56 --> 00:46:57
			go back, you have to ask yourself,
		
00:46:58 --> 00:46:59
			what is the world looking like?
		
00:47:00 --> 00:47:01
			Are you receiving more Amazon packages?
		
00:47:02 --> 00:47:04
			Do you do you do you get packages,
		
00:47:04 --> 00:47:05
			like, every day from Amazon or check on
		
00:47:05 --> 00:47:07
			your stuff? You'd rather do that than go
		
00:47:07 --> 00:47:08
			into a store?
		
00:47:08 --> 00:47:10
			You know what I'm saying? Are we streaming
		
00:47:10 --> 00:47:12
			now? More to watch something instead of going
		
00:47:12 --> 00:47:14
			to movies, again, pre COVID because you not
		
00:47:14 --> 00:47:16
			not many people are going anywhere to movies
		
00:47:17 --> 00:47:19
			or gathering places like that. But what are
		
00:47:19 --> 00:47:21
			the suggestions? Here's my suggestion. This is what
		
00:47:21 --> 00:47:23
			we've done. We did it a little before.
		
00:47:23 --> 00:47:24
			I got online,
		
00:47:24 --> 00:47:25
			in 2010.
		
00:47:26 --> 00:47:28
			I was doing something called Muslim money, man.
		
00:47:28 --> 00:47:30
			I found my gold and silver. We were
		
00:47:30 --> 00:47:31
			talking about investing in real estate. We were
		
00:47:31 --> 00:47:34
			talking about, network marketing and other opportunities for
		
00:47:34 --> 00:47:36
			people to have an alternative to their 9
		
00:47:36 --> 00:47:37
			to 5 jobs.
		
00:47:38 --> 00:47:41
			Alright. What we do is enterprising.
		
00:47:41 --> 00:47:42
			That's a different level of business.
		
00:47:43 --> 00:47:46
			Alright? So what I'm doing as an example,
		
00:47:46 --> 00:47:47
			you see this here. So we have outstanding
		
00:47:47 --> 00:47:49
			Muslim parents. I've talked about the course there.
		
00:47:49 --> 00:47:51
			I have outstanding personal relationships. Well, outstanding personal
		
00:47:51 --> 00:47:53
			relationships, we teach about relationships. We talk about
		
00:47:53 --> 00:47:54
			marriage. We talk about parenting. We talk about
		
00:47:54 --> 00:47:55
			polygyny.
		
00:47:55 --> 00:47:56
			We talk about a bunch of different things
		
00:47:56 --> 00:47:57
			more wise than that. Right? So we teach
		
00:47:57 --> 00:47:59
			and we train on this. We have online
		
00:47:59 --> 00:48:00
			courses.
		
00:48:01 --> 00:48:03
			So one of our courses is relationship mastery
		
00:48:03 --> 00:48:04
			inner circle. It's $77
		
00:48:04 --> 00:48:06
			a month. And, again, I'm not selling it,
		
00:48:06 --> 00:48:08
			but I'm giving you an example. $77 a
		
00:48:08 --> 00:48:10
			month. It empowers people to have workbooks, they
		
00:48:10 --> 00:48:10
			have downloads,
		
00:48:11 --> 00:48:12
			they have audios. They have direct access to
		
00:48:12 --> 00:48:15
			us. It's a very, very detailed, deep thing
		
00:48:15 --> 00:48:16
			to go into relationships. We have 100 of
		
00:48:16 --> 00:48:18
			hours of free stuff too. So our goal
		
00:48:18 --> 00:48:20
			is to help over 1,000
		
00:48:20 --> 00:48:21
			families
		
00:48:21 --> 00:48:24
			on a monthly basis benefit from it, go
		
00:48:24 --> 00:48:25
			deep, and change themselves
		
00:48:26 --> 00:48:26
			into,
		
00:48:27 --> 00:48:29
			more happy, fulfilled human beings.
		
00:48:29 --> 00:48:31
			Because the more happy, fulfilled they are, their
		
00:48:31 --> 00:48:33
			families are better. The first thing that we
		
00:48:33 --> 00:48:35
			know from creation was a man and a
		
00:48:35 --> 00:48:37
			woman. That was the first family. Not the
		
00:48:37 --> 00:48:38
			kids, not the parents. Your first thing was
		
00:48:38 --> 00:48:39
			a man and a woman.
		
00:48:40 --> 00:48:42
			Okay? So we're teaching we're going on a
		
00:48:42 --> 00:48:44
			now we're going from our experiences, from what
		
00:48:44 --> 00:48:45
			we learn, from what we train, the tens
		
00:48:45 --> 00:48:47
			of 1,000 that we spent investing in ourselves,
		
00:48:47 --> 00:48:49
			going to different seminars, getting coaching, and all
		
00:48:49 --> 00:48:51
			of these things to invest in me because
		
00:48:51 --> 00:48:54
			the real true asset is yourself.
		
00:48:54 --> 00:48:55
			Has
		
00:48:55 --> 00:48:57
			given you all these different things out there.
		
00:48:57 --> 00:48:59
			We have to utilize it and grow. So
		
00:48:59 --> 00:49:01
			if I'm the asset, basically, what's happening on
		
00:49:01 --> 00:49:03
			my job is I'm being rented.
		
00:49:04 --> 00:49:06
			My job is renting me. But should something
		
00:49:06 --> 00:49:08
			happen to me, I'm easily replaceable by the
		
00:49:08 --> 00:49:09
			next person.
		
00:49:10 --> 00:49:11
			So why am I gonna sell myself,
		
00:49:12 --> 00:49:15
			retail for that in hopes that I'm a
		
00:49:15 --> 00:49:17
			part of somebody else's plan? A mentor said
		
00:49:17 --> 00:49:18
			a long time ago, if you fail to
		
00:49:18 --> 00:49:20
			plan, you plan to fail, and we know
		
00:49:20 --> 00:49:21
			that. That's a universal maxim.
		
00:49:22 --> 00:49:23
			If you fail to plan, you plan to
		
00:49:23 --> 00:49:24
			fail.
		
00:49:24 --> 00:49:26
			So what we did is we dove into
		
00:49:27 --> 00:49:28
			the the digital
		
00:49:28 --> 00:49:30
			online market because we did it. We were
		
00:49:30 --> 00:49:32
			getting asked questions about our relationship with polygyny
		
00:49:32 --> 00:49:33
			and how we are able to really get
		
00:49:33 --> 00:49:35
			over these humps and struggles and challenges, and
		
00:49:35 --> 00:49:37
			we're already entrepreneurs.
		
00:49:37 --> 00:49:38
			So we're like, you know what? Let's go
		
00:49:38 --> 00:49:41
			ahead and do this, help people put a
		
00:49:41 --> 00:49:43
			system together so they could benefit. So my
		
00:49:43 --> 00:49:44
			wives last week, for example, they did a,
		
00:49:45 --> 00:49:47
			successful a 5 day successful marriage challenge.
		
00:49:48 --> 00:49:50
			So they did that. It was $25.
		
00:49:51 --> 00:49:52
			You know what I'm saying? They had a
		
00:49:52 --> 00:49:54
			few dozen people register. They had all kinds
		
00:49:54 --> 00:49:55
			of stuff. They helped them, and they got
		
00:49:55 --> 00:49:56
			paid from it. Then they have a a
		
00:49:56 --> 00:49:59
			course called true queens that deals with women
		
00:49:59 --> 00:50:00
			and etiquettes and how to treat your husband
		
00:50:00 --> 00:50:02
			and how to get closer and all this
		
00:50:02 --> 00:50:03
			stuff and also polygamy.
		
00:50:03 --> 00:50:06
			So that's another course. I'm doing a challenge
		
00:50:06 --> 00:50:07
			next week. I haven't even announced it to
		
00:50:07 --> 00:50:08
			anybody, so I might as well be first.
		
00:50:08 --> 00:50:10
			I'm doing a course next week. It's the
		
00:50:10 --> 00:50:12
			5 day challenge, successful marriage challenge from a
		
00:50:12 --> 00:50:13
			king's perspective.
		
00:50:14 --> 00:50:16
			Alright. So now it's the male perspective that
		
00:50:16 --> 00:50:17
			I'm gonna be going over, and I have
		
00:50:17 --> 00:50:19
			a course called kings and kingdoms.
		
00:50:19 --> 00:50:21
			So that's a course. It's flat. It's a
		
00:50:21 --> 00:50:22
			5 week course and everything else. What I'm
		
00:50:22 --> 00:50:24
			doing is taking some information and knowledge that
		
00:50:24 --> 00:50:26
			I've learned and empowering, equipping other people with
		
00:50:26 --> 00:50:27
			it
		
00:50:27 --> 00:50:30
			and helping them along the way. Now what
		
00:50:30 --> 00:50:31
			I mean by enterprising is that's just outstanding
		
00:50:31 --> 00:50:34
			personal relationships. This is outstanding wealth appearance. Also,
		
00:50:34 --> 00:50:35
			that is digital. We're finishing up a book
		
00:50:35 --> 00:50:37
			called Let's Talk Polygyny from each of our
		
00:50:37 --> 00:50:38
			perspectives.
		
00:50:38 --> 00:50:40
			There isn't one out there yet. There's a
		
00:50:40 --> 00:50:40
			great
		
00:50:41 --> 00:50:43
			polygyny and Islam book by Bilal Phillips and
		
00:50:43 --> 00:50:45
			our sister, Jamina Jones, that people are scared
		
00:50:45 --> 00:50:47
			of when they see it. And if you
		
00:50:47 --> 00:50:48
			had this in your house, you might have
		
00:50:48 --> 00:50:49
			had arguments about it, or the cousin might
		
00:50:49 --> 00:50:51
			put on the bookshelf backwards so it looked
		
00:50:51 --> 00:50:52
			like that.
		
00:50:52 --> 00:50:53
			This book is only 90
		
00:50:54 --> 00:50:57
			93 pages. It has a wealth of information.
		
00:50:57 --> 00:50:59
			Our book is looking looking to be almost
		
00:50:59 --> 00:50:59
			300,
		
00:51:00 --> 00:51:02
			and it's going to empower people. Right?
		
00:51:02 --> 00:51:05
			So what I'm saying, if you're working 9
		
00:51:05 --> 00:51:06
			to 5 on your job, be willing to
		
00:51:06 --> 00:51:08
			work 5 to 9 on your fortune,
		
00:51:09 --> 00:51:11
			on your passion, on helping other people. Again,
		
00:51:11 --> 00:51:13
			a lot to obviously, the peep the proper
		
00:51:13 --> 00:51:14
			exception to let us know the people the
		
00:51:14 --> 00:51:16
			most, loved by a lot are the ones
		
00:51:16 --> 00:51:18
			who are the most beneficial to others. Look
		
00:51:18 --> 00:51:20
			at how sister Naima and the whole team
		
00:51:20 --> 00:51:23
			put this whole black Muslim family festival together.
		
00:51:23 --> 00:51:24
			This black Muslim renaissance
		
00:51:24 --> 00:51:26
			across the planet. How many how much block?
		
00:51:26 --> 00:51:28
			How much is this weighing on your scales?
		
00:51:28 --> 00:51:29
			So you have a story in you. You
		
00:51:29 --> 00:51:31
			have a challenge you've overcome, or let's say
		
00:51:31 --> 00:51:33
			you don't even. Let's say you don't. There's
		
00:51:33 --> 00:51:35
			3 type of experts. Let me find this
		
00:51:35 --> 00:51:37
			book that first talked about.
		
00:51:38 --> 00:51:39
			Napoleon Hill wrote this book, Think You Grow
		
00:51:39 --> 00:51:41
			Rich, bestseller, over 70 or 8 over 80
		
00:51:41 --> 00:51:44
			years ago now. Almost a 100, like, 90
		
00:51:44 --> 00:51:44
			years ago.
		
00:51:45 --> 00:51:45
			Right?
		
00:51:46 --> 00:51:49
			He didn't do anything special. He interviewed
		
00:51:49 --> 00:51:50
			he interviewed
		
00:51:51 --> 00:51:53
			the wealthy 500 wealthiest people on the planet.
		
00:51:54 --> 00:51:55
			Put it in a book because people wanna
		
00:51:55 --> 00:51:56
			learn it.
		
00:51:57 --> 00:51:57
			Right?
		
00:51:58 --> 00:51:59
			Because you interview people.
		
00:51:59 --> 00:52:01
			You see podcasts where people are getting interviewed,
		
00:52:01 --> 00:52:03
			you see course, all these things. Is there
		
00:52:03 --> 00:52:06
			something? Is there an area, a niche? Some
		
00:52:06 --> 00:52:07
			you know, people that you like to help
		
00:52:07 --> 00:52:10
			that there's you know, they can really use
		
00:52:10 --> 00:52:10
			help with.
		
00:52:11 --> 00:52:13
			If so, I would suggest, again,
		
00:52:13 --> 00:52:15
			finding out how to and I help people
		
00:52:15 --> 00:52:18
			do that, but the you know, it's important.
		
00:52:18 --> 00:52:20
			The more you increase your financial IQ, the
		
00:52:20 --> 00:52:21
			more you can fill the need in the
		
00:52:21 --> 00:52:23
			marketplace. So if you're looking for the rich
		
00:52:23 --> 00:52:25
			plan, it's filling the need better than anyone
		
00:52:25 --> 00:52:27
			else. So what I'm doing when I say
		
00:52:27 --> 00:52:29
			enterprising is we have these 2 companies,
		
00:52:29 --> 00:52:31
			then we have the outstanding brand. But I'm
		
00:52:31 --> 00:52:32
			also with my daughter who does makeup and
		
00:52:32 --> 00:52:34
			everything. Then another daughter, she's an artist and
		
00:52:34 --> 00:52:36
			graphic designer, and she loves to do digital
		
00:52:36 --> 00:52:38
			anime art. Then I have all of these
		
00:52:38 --> 00:52:39
			different things, and I have my son-in-law who
		
00:52:39 --> 00:52:41
			wants to run a Social Security firm. I
		
00:52:41 --> 00:52:42
			have a daughter who wants to teach Arabic.
		
00:52:42 --> 00:52:44
			She's at teaching right now on Sunday in
		
00:52:44 --> 00:52:46
			the weekend school. So I have all these
		
00:52:46 --> 00:52:47
			different things, but they could be under this
		
00:52:47 --> 00:52:47
			umbrella.
		
00:52:48 --> 00:52:50
			Because PepsiCo, for example, owns Taco Bell, that
		
00:52:50 --> 00:52:52
			owns Pizza Hut, that has Kentucky Fried Chicken,
		
00:52:52 --> 00:52:55
			that has manufacturing companies that make straws, and
		
00:52:55 --> 00:52:56
			the straws provide each one of these other
		
00:52:56 --> 00:52:58
			ones, but they also own Hanes and Ballpark,
		
00:52:58 --> 00:53:00
			and they have Michael Jordan selling underwear and
		
00:53:00 --> 00:53:02
			also selling hot dogs. They have all this
		
00:53:02 --> 00:53:03
			stuff under the umbrella company.
		
00:53:04 --> 00:53:06
			So what I want to do is not
		
00:53:06 --> 00:53:07
			only lead think about the 3 things that
		
00:53:07 --> 00:53:09
			left behind, the property, etcetera, etcetera. There's 3
		
00:53:09 --> 00:53:11
			things that will follow you after your death,
		
00:53:11 --> 00:53:13
			because your book is closed except for these
		
00:53:13 --> 00:53:15
			3. Right? A righteous child that prays for
		
00:53:15 --> 00:53:16
			you,
		
00:53:16 --> 00:53:19
			righteous children that pray for you, money that
		
00:53:19 --> 00:53:20
			you spent feast to be the god that
		
00:53:20 --> 00:53:21
			continues to benefit
		
00:53:21 --> 00:53:23
			people, beneficial knowledge that you leave.
		
00:53:24 --> 00:53:26
			So when I go because I know I'm
		
00:53:26 --> 00:53:28
			going to die soon no matter how long
		
00:53:28 --> 00:53:31
			that may be. That mortality motivation makes me
		
00:53:31 --> 00:53:33
			want to leave something that benefits people whether
		
00:53:33 --> 00:53:35
			dealing with relationships, whether dealing with anything I
		
00:53:35 --> 00:53:36
			can help my children do. I wanna help
		
00:53:36 --> 00:53:38
			them be righteous because I'm greedy. I wanna
		
00:53:38 --> 00:53:39
			be selfish, and I encourage you to be
		
00:53:39 --> 00:53:40
			too.
		
00:53:40 --> 00:53:41
			Be greedy enough
		
00:53:42 --> 00:53:44
			to raise children to be righteous that'll pray
		
00:53:44 --> 00:53:46
			for you. Be greedy because you want those.
		
00:53:48 --> 00:53:50
			Be greedy to give money, to donate to
		
00:53:50 --> 00:53:51
			good causes, whether it's to massage it, to
		
00:53:51 --> 00:53:53
			wells, to whatever good cause it may be,
		
00:53:53 --> 00:53:55
			to leave an organization, to leave something that
		
00:53:55 --> 00:53:57
			benefits people you go. Be greedy enough
		
00:53:58 --> 00:54:00
			to leave beneficial knowledge whether it's recorded or
		
00:54:00 --> 00:54:02
			it's on YouTube or it's on Facebook or
		
00:54:02 --> 00:54:04
			it's on your website or it's in your
		
00:54:04 --> 00:54:06
			books. Be greedy to get those. Be greedy
		
00:54:06 --> 00:54:08
			for that. And that's what I wanna do
		
00:54:08 --> 00:54:10
			for our families since we just came to
		
00:54:10 --> 00:54:12
			Islam, and my children are 1st generation Muslims.
		
00:54:12 --> 00:54:14
			I want them to be Muslims to Yom
		
00:54:14 --> 00:54:16
			Kiyama. I know not all of them will
		
00:54:16 --> 00:54:16
			be.
		
00:54:16 --> 00:54:18
			If prophet Ibrahim
		
00:54:18 --> 00:54:19
			if his children
		
00:54:20 --> 00:54:21
			were not all on that, I can't expect
		
00:54:21 --> 00:54:24
			anything more. But I wanna do my best
		
00:54:24 --> 00:54:26
			there. So that's some of my reason why
		
00:54:26 --> 00:54:28
			my goal. So I know you asked a
		
00:54:28 --> 00:54:29
			9 to 5 question and you thought you
		
00:54:29 --> 00:54:31
			were long winded. No. You weren't. That was
		
00:54:31 --> 00:54:33
			an excellent question. And may Allah I'll increase
		
00:54:33 --> 00:54:33
			you,
		
00:54:34 --> 00:54:35
			for that, And prayerfully,
		
00:54:35 --> 00:54:37
			you benefited from it.
		
00:54:38 --> 00:54:39
			And I'm a fall back because I know
		
00:54:39 --> 00:54:40
			it's that time, sister,
		
00:54:41 --> 00:54:43
			change unless you have another question or something.
		
00:54:45 --> 00:54:47
			Brother, you gave us a ton of food
		
00:54:47 --> 00:54:48
			for thought there. And,
		
00:54:49 --> 00:54:51
			yeah, I think definitely people will be listening
		
00:54:51 --> 00:54:53
			back to this session, taking,
		
00:54:53 --> 00:54:55
			going over their notes again. Guys, just express
		
00:54:55 --> 00:54:58
			your appreciation in the chat unless
		
00:54:58 --> 00:55:00
			you're right now just a bit stunned, which
		
00:55:00 --> 00:55:01
			is also
		
00:55:01 --> 00:55:03
			acceptable. It's an acceptable response.
		
00:55:04 --> 00:55:05
			But, no, you you really gave us a
		
00:55:05 --> 00:55:07
			whole lot. How can, how can people reach
		
00:55:07 --> 00:55:09
			out to get your help, to get your
		
00:55:09 --> 00:55:11
			guidance, to to learn more from you?
		
00:55:12 --> 00:55:14
			I'm at outstanding personal relationships.
		
00:55:14 --> 00:55:17
			K. So Facebook, YouTube, outstanding personal relationships.
		
00:55:18 --> 00:55:20
			IG is outstanding relationships, but our website is
		
00:55:20 --> 00:55:23
			the best way. Outstanding personal relationships, of course,
		
00:55:23 --> 00:55:25
			same branding dot com. So Outstanding Personal Relationships
		
00:55:25 --> 00:55:26
			dot com. I'm gonna stay here too because
		
00:55:26 --> 00:55:27
			I'm gonna be taking notes,
		
00:55:28 --> 00:55:30
			even though I'll, you know, hide myself. But
		
00:55:30 --> 00:55:32
			I'll be here for any questions as well,
		
00:55:32 --> 00:55:33
			toward the end.
		
00:55:34 --> 00:55:36
			Says I may have to watch it another
		
00:55:36 --> 00:55:38
			3, 4, maybe 5 times to try and
		
00:55:38 --> 00:55:40
			take it all in properly. It was a
		
00:55:40 --> 00:55:42
			lot, but it's good. Like, this is stuff
		
00:55:42 --> 00:55:42
			that
		
00:55:43 --> 00:55:43
			brother.
		
00:55:44 --> 00:55:46
			You know, I was on the session today
		
00:55:46 --> 00:55:49
			where we were talking about health and prophetic
		
00:55:49 --> 00:55:49
			remedies.
		
00:55:50 --> 00:55:53
			And, just talking about the the the the
		
00:55:53 --> 00:55:55
			amount of health, but also the investment,
		
00:55:56 --> 00:55:58
			in in our health, especially in these times,
		
00:55:58 --> 00:56:00
			you know, where there's all this crazy stuff
		
00:56:00 --> 00:56:01
			happening,
		
00:56:01 --> 00:56:03
			and we are not being reminded of how
		
00:56:03 --> 00:56:06
			powerful we actually are, you know, in order
		
00:56:06 --> 00:56:07
			to actually make ourselves healthy
		
00:56:16 --> 00:56:17
			a real
		
00:56:18 --> 00:56:18
			empowering
		
00:56:19 --> 00:56:21
			knowledge because when you know the facts
		
00:56:22 --> 00:56:23
			and you there's a road map,
		
00:56:24 --> 00:56:26
			You've got no excuses for sitting still and
		
00:56:26 --> 00:56:29
			feeling like you're a victim or, you know,
		
00:56:29 --> 00:56:30
			just as playing that game.
		
00:56:30 --> 00:56:32
			Inshallah, we all level up together, Bigna.
		
00:56:33 --> 00:56:33
			Amy.
		
00:56:35 --> 00:56:37
			Brother. Okay, guys. Thank you so much, Shukran.
		
00:56:38 --> 00:56:40
			We will put it over to sister Mariam
		
00:56:40 --> 00:56:42
			now just to talk about those revenue streams,
		
00:56:42 --> 00:56:44
			which I think is really, really important in
		
00:56:44 --> 00:56:46
			light of the fact that you asked this
		
00:56:46 --> 00:56:49
			question about the 9 to 5 job. And
		
00:56:49 --> 00:56:51
			I know sister Mariam was telling us earlier
		
00:56:51 --> 00:56:53
			that she herself has a 9 to 5
		
00:56:53 --> 00:56:56
			job. But she also has a rather interesting
		
00:56:56 --> 00:56:59
			number of revenue streams. So sister Mariam, when
		
00:56:59 --> 00:57:01
			you are ready, if you wanna go on
		
00:57:01 --> 00:57:03
			the, the video and then we can talk
		
00:57:03 --> 00:57:07
			about this revenue stream thing that is so
		
00:57:07 --> 00:57:08
			exciting and great. Go ahead, sis.
		
00:57:09 --> 00:57:11
			Okay. Assalamu alaykum wa rahkatu.
		
00:57:12 --> 00:57:13
			Thank you so much, brother
		
00:57:13 --> 00:57:15
			Nadir. I learned a lot. I was taking
		
00:57:15 --> 00:57:16
			notes.
		
00:57:17 --> 00:57:19
			Thank God I was on mute.
		
00:57:20 --> 00:57:20
			Masha'Allah.
		
00:57:21 --> 00:57:21
			Alright,
		
00:57:22 --> 00:57:23
			so think good question.
		
00:57:25 --> 00:57:26
			Well, I'll tell a, you know, a brief
		
00:57:26 --> 00:57:29
			story about myself again for those who weren't
		
00:57:29 --> 00:57:31
			in the first session with me, earlier today.
		
00:57:32 --> 00:57:32
			So,
		
00:57:33 --> 00:57:34
			I've gone through
		
00:57:35 --> 00:57:35
			*.
		
00:57:37 --> 00:57:39
			And when I say * okay. So at
		
00:57:39 --> 00:57:41
			some point in my life, I
		
00:57:42 --> 00:57:43
			had a new baby,
		
00:57:44 --> 00:57:46
			was in so much debt. I calculated at
		
00:57:46 --> 00:57:46
			some point,
		
00:57:47 --> 00:57:49
			my my numb the amount of debt I
		
00:57:49 --> 00:57:52
			had was almost 5 times more than my
		
00:57:52 --> 00:57:53
			annual income. Okay.
		
00:57:54 --> 00:57:57
			Imagine with a new baby postpartum, many women
		
00:57:57 --> 00:57:59
			here will relate with me and in huge
		
00:57:59 --> 00:58:01
			debt. To cap that, as though that was
		
00:58:01 --> 00:58:04
			not enough, alhamdulillah though for the experience,
		
00:58:05 --> 00:58:07
			I got my salary cut and my bonus
		
00:58:07 --> 00:58:08
			cut
		
00:58:08 --> 00:58:10
			so it was a very painful experience,
		
00:58:12 --> 00:58:15
			depression here and there, then, you know, I
		
00:58:15 --> 00:58:16
			sought help and alhamdulillah
		
00:58:16 --> 00:58:17
			eventually
		
00:58:17 --> 00:58:19
			something changed in my life. But first, I
		
00:58:19 --> 00:58:22
			think the focus that I'm, you know, taking
		
00:58:22 --> 00:58:24
			on this session is
		
00:58:25 --> 00:58:25
			how
		
00:58:25 --> 00:58:28
			how can we, get more revenue streams for
		
00:58:28 --> 00:58:31
			working people and for housewives? That's what sister
		
00:58:31 --> 00:58:33
			Eema said I should speak about and I'm
		
00:58:33 --> 00:58:35
			delighted to speak about it, Alhamdulillah.
		
00:58:35 --> 00:58:36
			Okay.
		
00:58:36 --> 00:58:39
			So why is income important to you? And
		
00:58:39 --> 00:58:41
			my sessions are normally chitchat and talk and
		
00:58:41 --> 00:58:43
			a lot of facial expressions because I'm goofy
		
00:58:43 --> 00:58:44
			like that.
		
00:58:44 --> 00:58:46
			So please feel free to chat. In fact,
		
00:58:46 --> 00:58:48
			you should chat. So I because I'm gonna
		
00:58:48 --> 00:58:50
			be asking a lot of questions. So why
		
00:58:50 --> 00:58:52
			is income important to you? Why why do
		
00:58:52 --> 00:58:53
			you think,
		
00:58:53 --> 00:58:57
			you personally need, more income? Or if you're
		
00:58:57 --> 00:58:59
			happy with the income that you have, well
		
00:58:59 --> 00:58:59
			then,
		
00:59:00 --> 00:59:02
			I think it's time for you to
		
00:59:03 --> 00:59:05
			to to, you know, say bye and go
		
00:59:05 --> 00:59:07
			to Cancun in your island, wherever it is.
		
00:59:07 --> 00:59:09
			Okay. So Marianne says,
		
00:59:10 --> 00:59:11
			freedom, I like that.
		
00:59:12 --> 00:59:14
			Some of you who were in this, sent
		
00:59:14 --> 00:59:17
			in the session earlier know mine already, but
		
00:59:17 --> 00:59:20
			some of you may not. Rashida says security
		
00:59:20 --> 00:59:21
			for my family. Okay. Okay.
		
00:59:22 --> 00:59:25
			Income means different things to different people,
		
00:59:26 --> 00:59:27
			you know, but
		
00:59:28 --> 00:59:29
			generally
		
00:59:29 --> 00:59:30
			speaking,
		
00:59:30 --> 00:59:33
			income is one piece of the 3 cogs
		
00:59:33 --> 00:59:34
			in a wheel I explained earlier, and I'm
		
00:59:34 --> 00:59:35
			gonna give a brief brief,
		
00:59:36 --> 00:59:39
			thing. So the 3 key things for sustainable
		
00:59:39 --> 00:59:40
			wealth, multigenerational
		
00:59:40 --> 00:59:43
			wealth, for you to achieve security, opportunity to
		
00:59:43 --> 00:59:44
			build,
		
00:59:45 --> 00:59:47
			freedom, whatever your goal is. For me, it's
		
00:59:47 --> 00:59:50
			just that I love to chill. Okay? I
		
00:59:50 --> 00:59:51
			just love to chill.
		
00:59:52 --> 00:59:54
			So for you to attain that,
		
00:59:55 --> 00:59:57
			there are 3 cogs in the wheel, and
		
00:59:57 --> 00:59:59
			they work hand in hand. You can't separate
		
00:59:59 --> 01:00:00
			the
		
01:00:00 --> 01:00:02
			the one from the other. This is my
		
01:00:02 --> 01:00:04
			attempt at a cog.
		
01:00:05 --> 01:00:06
			It's income,
		
01:00:06 --> 01:00:07
			it's savings,
		
01:00:08 --> 01:00:09
			and investments.
		
01:00:09 --> 01:00:10
			You find people
		
01:00:11 --> 01:00:13
			take on a lot of, you know,
		
01:00:14 --> 01:00:16
			whether it saves saves so much and then
		
01:00:16 --> 01:00:18
			they forget the other aspect,
		
01:00:18 --> 01:00:19
			investing.
		
01:00:19 --> 01:00:21
			So then the money then loses value. I
		
01:00:21 --> 01:00:23
			have an interesting video that I shared earlier.
		
01:00:23 --> 01:00:25
			I could actually, drop it again on the
		
01:00:25 --> 01:00:28
			Facebook group for people who love the video.
		
01:00:28 --> 01:00:30
			It's just a depiction of how you can
		
01:00:30 --> 01:00:33
			save, save, save to the point where inflation
		
01:00:33 --> 01:00:34
			hits and then there's nothing.
		
01:00:34 --> 01:00:37
			Okay? It's quite sad. But these three things
		
01:00:37 --> 01:00:39
			are very important. But I'm gonna focus on
		
01:00:39 --> 01:00:40
			income right now,
		
01:00:40 --> 01:00:42
			today because I think it's important. And somehow,
		
01:00:43 --> 01:00:45
			it ties in in with all the 3
		
01:00:46 --> 01:00:47
			other elements. Okay?
		
01:00:48 --> 01:00:49
			So
		
01:00:50 --> 01:00:52
			now I want you I think I have
		
01:00:52 --> 01:00:53
			more ladies than gentlemen here, but it doesn't
		
01:00:53 --> 01:00:55
			matter. So ladies and gentlemen,
		
01:00:56 --> 01:00:58
			I would like you to think of your
		
01:00:58 --> 01:01:00
			nicest pair of shoes right now.
		
01:01:01 --> 01:01:02
			Like, right now, just think of your favorite
		
01:01:02 --> 01:01:04
			pair of shoes, whatever they are.
		
01:01:06 --> 01:01:07
			If you have them close to you, you
		
01:01:07 --> 01:01:09
			can pick them up. I don't have mine,
		
01:01:09 --> 01:01:10
			but just if you have them close to
		
01:01:10 --> 01:01:12
			you, pick them up. If not, just think
		
01:01:12 --> 01:01:12
			of them.
		
01:01:13 --> 01:01:14
			Okay? Now I want you to imagine
		
01:01:15 --> 01:01:17
			right now that you're holding your nicest pair
		
01:01:17 --> 01:01:18
			of shoes and it's in your hand right
		
01:01:18 --> 01:01:20
			now, and you're like, woo, what a good
		
01:01:20 --> 01:01:22
			buy. I hope it's not tattered and and
		
01:01:22 --> 01:01:23
			dead
		
01:01:23 --> 01:01:25
			because I I destroy my shoes when I
		
01:01:25 --> 01:01:26
			like them.
		
01:01:27 --> 01:01:30
			So pick that pair of shoes. One one
		
01:01:30 --> 01:01:32
			pair. Just one one foot, not the whole
		
01:01:32 --> 01:01:34
			pair. And I want you to take that
		
01:01:34 --> 01:01:36
			that foot and put it on your head.
		
01:01:37 --> 01:01:40
			Yes. I want you to do just move
		
01:01:40 --> 01:01:40
			your hands
		
01:01:41 --> 01:01:43
			and pretend it's on your head. Is it
		
01:01:43 --> 01:01:45
			there? If it's there, just say yes on
		
01:01:45 --> 01:01:47
			the chat box. Okay?
		
01:01:47 --> 01:01:48
			Okay. Naima's
		
01:01:49 --> 01:01:51
			shoe is on her head already. Tanika's is
		
01:01:51 --> 01:01:52
			on her head. Mine is on my head
		
01:01:52 --> 01:01:54
			too. Marianne's own is on her head as
		
01:01:54 --> 01:01:55
			well.
		
01:01:55 --> 01:01:56
			Okay?
		
01:01:57 --> 01:01:58
			Alright.
		
01:01:58 --> 01:02:00
			Amina. Oh, Amina's shoes on her head. Okay.
		
01:02:00 --> 01:02:02
			So now I'm gonna ask you a question
		
01:02:02 --> 01:02:04
			with your shoes still on your head. I'm
		
01:02:04 --> 01:02:05
			gonna ask you a question.
		
01:02:05 --> 01:02:08
			Of what use is this is this shoe
		
01:02:08 --> 01:02:09
			on your head?
		
01:02:11 --> 01:02:11
			Question.
		
01:02:12 --> 01:02:14
			Would it serve the same purpose
		
01:02:14 --> 01:02:16
			as it was designed? Namah says,
		
01:02:17 --> 01:02:19
			had had just says, yes. Whoo. Hadiza, I
		
01:02:19 --> 01:02:21
			would love to know what your your shoe
		
01:02:21 --> 01:02:23
			has. Tanika says, no. Marion says, no.
		
01:02:25 --> 01:02:27
			So what if I told you that wealth
		
01:02:27 --> 01:02:28
			is the shoe
		
01:02:29 --> 01:02:30
			on your foot?
		
01:02:31 --> 01:02:32
			So wealth,
		
01:02:33 --> 01:02:34
			in other words,
		
01:02:34 --> 01:02:37
			is meant to not be put on our
		
01:02:37 --> 01:02:39
			heads, but it's supposed to be the shoe
		
01:02:39 --> 01:02:40
			on our foot
		
01:02:41 --> 01:02:42
			in order to, what,
		
01:02:43 --> 01:02:44
			be used.
		
01:02:45 --> 01:02:46
			Sometimes,
		
01:02:46 --> 01:02:48
			generally, generally, sometimes
		
01:02:49 --> 01:02:51
			in life, we take and this can be
		
01:02:51 --> 01:02:53
			literally or metaphorical, I don't know what the
		
01:02:53 --> 01:02:55
			English would say would call it but you
		
01:02:55 --> 01:02:56
			can take it just
		
01:02:56 --> 01:02:57
			on face value. If you put a pair
		
01:02:57 --> 01:02:59
			of shoes on your head, no use.
		
01:02:59 --> 01:03:02
			Sometimes we put wealth on our heads, We
		
01:03:02 --> 01:03:03
			worry. We sleep,
		
01:03:03 --> 01:03:06
			less. We don't take action. We are guilt
		
01:03:06 --> 01:03:09
			tripped by it. But if you realize the
		
01:03:09 --> 01:03:10
			main purpose and I love what brother Nadir
		
01:03:10 --> 01:03:11
			said about
		
01:03:12 --> 01:03:13
			money. He said,
		
01:03:13 --> 01:03:15
			money is, what did he call it again?
		
01:03:16 --> 01:03:17
			Neutral. Right?
		
01:03:18 --> 01:03:18
			So
		
01:03:20 --> 01:03:23
			Tanika says I'm inspiring a closer. Okay. So
		
01:03:23 --> 01:03:24
			wealth is the shoe on your foot. It's
		
01:03:24 --> 01:03:26
			meant to be used. I believe that wealth
		
01:03:26 --> 01:03:28
			can be used in 3 ways. You can
		
01:03:28 --> 01:03:30
			either use it for chilling, like I love,
		
01:03:30 --> 01:03:32
			charity, like I love, and then to build
		
01:03:32 --> 01:03:35
			more wealth, to just do things for the
		
01:03:35 --> 01:03:38
			community and do things that you love. So
		
01:03:38 --> 01:03:39
			for me, that's that's the whole point.
		
01:03:39 --> 01:03:40
			Alright. Now,
		
01:03:42 --> 01:03:44
			there are there are certain things that I
		
01:03:44 --> 01:03:46
			also want us to keep in mind here.
		
01:03:47 --> 01:03:48
			Even though we say wealth is the shoe
		
01:03:48 --> 01:03:50
			on our foot, it's useless on our heads,
		
01:03:50 --> 01:03:53
			and there is a * shoe. Okay? It's
		
01:03:53 --> 01:03:53
			not,
		
01:03:54 --> 01:03:55
			that
		
01:03:56 --> 01:03:58
			as we take it, and also it's not
		
01:03:58 --> 01:04:00
			something to ignore, okay, at all for us
		
01:04:00 --> 01:04:01
			to achieve,
		
01:04:02 --> 01:04:02
			what we want.
		
01:04:03 --> 01:04:03
			But,
		
01:04:04 --> 01:04:06
			I want to tell you something again building
		
01:04:06 --> 01:04:07
			upon what,
		
01:04:07 --> 01:04:08
			brother Nadir said.
		
01:04:10 --> 01:04:10
			It
		
01:04:11 --> 01:04:12
			exactly is just the name. It's just something
		
01:04:12 --> 01:04:13
			that has a use. Yes.
		
01:04:14 --> 01:04:14
			So
		
01:04:15 --> 01:04:18
			there are, I would say, 3 questions that
		
01:04:18 --> 01:04:20
			most wealthy people would ask themselves. You find
		
01:04:20 --> 01:04:23
			it in common generally, but in different ways.
		
01:04:23 --> 01:04:23
			Okay?
		
01:04:24 --> 01:04:26
			The question and that's what diff what what
		
01:04:26 --> 01:04:28
			differentiates people who have a lot of wealth
		
01:04:28 --> 01:04:30
			and people who do not or people who
		
01:04:30 --> 01:04:30
			struggle,
		
01:04:31 --> 01:04:33
			I, is number 1. The question they ask
		
01:04:33 --> 01:04:36
			is, how can I make this happen?
		
01:04:36 --> 01:04:39
			What what problem can I solve?
		
01:04:39 --> 01:04:41
			How can I solve it, and when can
		
01:04:41 --> 01:04:42
			I start?
		
01:04:43 --> 01:04:45
			It usually starts around this, and I'm building
		
01:04:45 --> 01:04:47
			up to income as you as you noticed.
		
01:04:47 --> 01:04:50
			So when you start to ask these questions,
		
01:04:51 --> 01:04:52
			how can I make this happen?
		
01:04:53 --> 01:04:54
			Okay. The question is the questions are not
		
01:04:54 --> 01:04:55
			directly in,
		
01:04:56 --> 01:04:58
			order, but how can I make this happen?
		
01:04:58 --> 01:05:00
			How can I solve a problem?
		
01:05:01 --> 01:05:03
			What problem can I solve, and when do
		
01:05:03 --> 01:05:04
			I start?
		
01:05:04 --> 01:05:07
			Okay? When you start to ask these questions,
		
01:05:07 --> 01:05:09
			suddenly, 2 things begin to emerge.
		
01:05:10 --> 01:05:12
			And this leads us to how do you
		
01:05:12 --> 01:05:12
			get,
		
01:05:13 --> 01:05:16
			more income, more revenue streams. Right?
		
01:05:16 --> 01:05:18
			I would suggest you focus on 2 things,
		
01:05:18 --> 01:05:20
			and brother Nadir has gone has done a
		
01:05:20 --> 01:05:22
			fantastic job on on that segment. So I'm
		
01:05:22 --> 01:05:23
			just gonna give you,
		
01:05:24 --> 01:05:26
			you know, 2 buckets, 2 things,
		
01:05:26 --> 01:05:27
			active income
		
01:05:27 --> 01:05:29
			and passive income.
		
01:05:30 --> 01:05:31
			Active income
		
01:05:31 --> 01:05:34
			is generally income that, you know, you and
		
01:05:34 --> 01:05:36
			I do the daily grind and stuff. I
		
01:05:36 --> 01:05:38
			see people on the tubes, if you're in
		
01:05:38 --> 01:05:40
			New York or wherever you are, whatever part
		
01:05:40 --> 01:05:43
			of the world, you're either commuting, you're
		
01:05:44 --> 01:05:47
			wherever, doing something. You're actively going to sit
		
01:05:47 --> 01:05:49
			down at your desk and deliver and at
		
01:05:49 --> 01:05:50
			the end of the month or week or
		
01:05:50 --> 01:05:52
			however you get paid, you get paid.
		
01:05:53 --> 01:05:55
			That's active income. It could be your business
		
01:05:55 --> 01:05:57
			that you were running. It could be a
		
01:05:57 --> 01:05:59
			magazine like Sister of EMA. It could be
		
01:05:59 --> 01:06:00
			anything, right?
		
01:06:01 --> 01:06:03
			Active income is generally something that you put
		
01:06:03 --> 01:06:04
			in physical effort into.
		
01:06:05 --> 01:06:07
			Passive income, on the other hand, is something
		
01:06:07 --> 01:06:11
			that I absolutely love because, again, I love
		
01:06:11 --> 01:06:12
			to chill.
		
01:06:12 --> 01:06:14
			So it's something that you can earn while
		
01:06:14 --> 01:06:15
			sleeping.
		
01:06:16 --> 01:06:16
			Alright?
		
01:06:18 --> 01:06:20
			So you are truly free. For somebody I
		
01:06:20 --> 01:06:22
			think someone mentioned freedom
		
01:06:22 --> 01:06:24
			here, and I and I completely agree, as
		
01:06:24 --> 01:06:26
			a reason for her wanting more income.
		
01:06:27 --> 01:06:30
			We would be totally free
		
01:06:30 --> 01:06:32
			in whatever our dreams are, whatever we want,
		
01:06:32 --> 01:06:35
			or what people bandy around these days, financial
		
01:06:35 --> 01:06:37
			freedom. We would only achieve that freedom
		
01:06:38 --> 01:06:40
			if our passive income
		
01:06:41 --> 01:06:41
			surpasses
		
01:06:41 --> 01:06:43
			our living expenses.
		
01:06:44 --> 01:06:45
			Does that sound like utopia?
		
01:06:46 --> 01:06:48
			Like, I just the thought of that makes
		
01:06:48 --> 01:06:50
			me want to just imagine my life in
		
01:06:50 --> 01:06:51
			the Maldives,
		
01:06:52 --> 01:06:52
			you know,
		
01:06:53 --> 01:06:54
			for a month just not having to do
		
01:06:54 --> 01:06:56
			anything. And, yeah, if I choose to, I
		
01:06:56 --> 01:06:58
			could just, you know, video chat my relatives
		
01:06:58 --> 01:07:00
			and be like, hey, guys. How are you?
		
01:07:00 --> 01:07:01
			Oh, that there goes a seagull.
		
01:07:02 --> 01:07:04
			You know? That's my kind of chili. Okay?
		
01:07:05 --> 01:07:06
			So you're truly free
		
01:07:06 --> 01:07:08
			when and I want you to repeat after
		
01:07:08 --> 01:07:11
			me and tap on the chat box. Truly
		
01:07:11 --> 01:07:13
			free when your passive income
		
01:07:14 --> 01:07:16
			is more than your living expenses.
		
01:07:16 --> 01:07:18
			Okay? So type just to be sure that
		
01:07:18 --> 01:07:20
			I'm talking to people. Because sometimes it can
		
01:07:20 --> 01:07:22
			it can be like I'm talking to my
		
01:07:22 --> 01:07:22
			laptop
		
01:07:23 --> 01:07:24
			here. Okay. So chat me, chat with me.
		
01:07:24 --> 01:07:26
			Oh, thank you. Thank you, Naima. Oh, you're
		
01:07:26 --> 01:07:27
			always the fastest.
		
01:07:28 --> 01:07:30
			You're a writer, so your fingers are
		
01:07:31 --> 01:07:32
			used to the keyboard.
		
01:07:32 --> 01:07:35
			Okay. So this is what being truly free
		
01:07:35 --> 01:07:36
			is. Thank you,
		
01:07:37 --> 01:07:39
			everyone. Okay. Now
		
01:07:39 --> 01:07:40
			how do you do this?
		
01:07:41 --> 01:07:43
			So I'm taking the perspective of being a
		
01:07:43 --> 01:07:44
			whether you're a housewife
		
01:07:45 --> 01:07:47
			or you're working a 9 to 5 job.
		
01:07:47 --> 01:07:48
			I do not think
		
01:07:48 --> 01:07:49
			that there is
		
01:07:51 --> 01:07:53
			I believe strongly that Allah has given us
		
01:07:53 --> 01:07:54
			equal opportunity,
		
01:07:55 --> 01:07:56
			truly, in my heart and I'm sure you
		
01:07:56 --> 01:07:57
			all agree.
		
01:07:57 --> 01:08:01
			So whatever your circumstance is, there is something
		
01:08:01 --> 01:08:02
			special that you can be.
		
01:08:03 --> 01:08:06
			So if you're looking for active income and
		
01:08:06 --> 01:08:06
			you're,
		
01:08:06 --> 01:08:07
			for example,
		
01:08:08 --> 01:08:09
			a stay at home mom,
		
01:08:10 --> 01:08:13
			Right? It is an amazing opportunity to monetize
		
01:08:13 --> 01:08:14
			your talent.
		
01:08:14 --> 01:08:17
			There is, something called, missus Watanabe. Let me
		
01:08:17 --> 01:08:20
			just type it here. I think missus Watanabe.
		
01:08:20 --> 01:08:21
			How many of you have heard of this?
		
01:08:21 --> 01:08:23
			I think that's what it's called. I hope
		
01:08:23 --> 01:08:24
			that's what it's called. How many of you
		
01:08:24 --> 01:08:26
			have heard of what I just typed in?
		
01:08:26 --> 01:08:28
			What does it mean? No Googling.
		
01:08:28 --> 01:08:30
			No Googling. I can see you.
		
01:08:31 --> 01:08:31
			Okay.
		
01:08:33 --> 01:08:34
			How many of you have heard of this
		
01:08:34 --> 01:08:36
			called missus Watanabe?
		
01:08:40 --> 01:08:42
			If you have heard okay. Not I. Not
		
01:08:42 --> 01:08:45
			heard of her. Okay. Anyone? Nope? Okay.
		
01:08:46 --> 01:08:46
			Alright.
		
01:08:47 --> 01:08:50
			Okay. Brilliant. Okay. Amina says no. Tanika says
		
01:08:50 --> 01:08:52
			no. My Sarah says no. Marion says never
		
01:08:52 --> 01:08:54
			heard of it. Okay. Mrs Watanabe
		
01:08:54 --> 01:08:56
			apparently is just a name
		
01:08:57 --> 01:08:57
			that describes
		
01:08:58 --> 01:09:00
			the typical Japanese housewife
		
01:09:00 --> 01:09:02
			and a female investor.
		
01:09:03 --> 01:09:04
			You won't believe it. So there are a
		
01:09:04 --> 01:09:06
			group of housewives apparently in Japan
		
01:09:07 --> 01:09:07
			who,
		
01:09:08 --> 01:09:10
			I don't know who started it, but they
		
01:09:10 --> 01:09:12
			decided to just dabble into investing.
		
01:09:12 --> 01:09:15
			So you they have computer, good Internet, and
		
01:09:15 --> 01:09:17
			then they she they just then decided to
		
01:09:17 --> 01:09:20
			start investing. And they made, and I think
		
01:09:20 --> 01:09:21
			they still make fantastic
		
01:09:22 --> 01:09:24
			investors. They just know how to trade. They've
		
01:09:24 --> 01:09:27
			mastered the art of trading, that's buying stocks,
		
01:09:27 --> 01:09:29
			selling stocks, buying whatever, selling whatever,
		
01:09:30 --> 01:09:33
			by sitting at home. Now there was one
		
01:09:33 --> 01:09:35
			lady I'd like to believe that decided, you
		
01:09:35 --> 01:09:36
			know, to take action.
		
01:09:37 --> 01:09:39
			Why can't that be you?
		
01:09:40 --> 01:09:43
			So there's so much opportunity. Alright? Missus Watanabe
		
01:09:43 --> 01:09:44
			is 1.
		
01:09:45 --> 01:09:47
			And by the way, missus Watanabe is figurative.
		
01:09:47 --> 01:09:49
			It's like lots and lots of women in
		
01:09:49 --> 01:09:49
			Japan.
		
01:09:51 --> 01:09:52
			So you may explore, I would say you
		
01:09:52 --> 01:09:55
			may explore the online world. If you are
		
01:09:55 --> 01:09:57
			not used to investing, you can monetize your
		
01:09:57 --> 01:09:59
			skills and and that takes me to I'll
		
01:09:59 --> 01:10:01
			talk a little more about that, shortly.
		
01:10:01 --> 01:10:04
			Another so that's for active income.
		
01:10:05 --> 01:10:06
			For passive income,
		
01:10:07 --> 01:10:08
			you can invest,
		
01:10:09 --> 01:10:11
			if you're familiar with the terrain of investing,
		
01:10:11 --> 01:10:12
			stalled, sukuk,
		
01:10:12 --> 01:10:15
			mutual funds, etcetera, etcetera. If they sound too
		
01:10:15 --> 01:10:16
			complex, don't worry about it.
		
01:10:17 --> 01:10:19
			You can Google them, go online, start your
		
01:10:19 --> 01:10:20
			learning journey,
		
01:10:21 --> 01:10:23
			about investing. I definitely recommend that. Get a
		
01:10:23 --> 01:10:24
			financial adviser.
		
01:10:25 --> 01:10:27
			We have our 2 wealth paradigm. We have
		
01:10:27 --> 01:10:30
			resources that can help you. Just knowledge, you
		
01:10:30 --> 01:10:32
			know, on investing and etcetera etcetera. You can
		
01:10:32 --> 01:10:33
			go into our website.
		
01:10:34 --> 01:10:35
			Thank you. Okay. Good.
		
01:10:36 --> 01:10:37
			Our website is,
		
01:10:37 --> 01:10:41
			wealth paradigm dotorg. I'll post it, little later.
		
01:10:42 --> 01:10:44
			And now, you know, I want to tell
		
01:10:44 --> 01:10:45
			you a story about a man who,
		
01:10:46 --> 01:10:48
			was so sad about his finances, kinda like
		
01:10:48 --> 01:10:49
			me,
		
01:10:49 --> 01:10:50
			hated his job.
		
01:10:51 --> 01:10:54
			Then he asked himself, what am I really
		
01:10:54 --> 01:10:56
			good at? So he decided I think,
		
01:10:57 --> 01:10:58
			he he I can't remember whether he was
		
01:10:58 --> 01:11:00
			a realtor or something like that. So he
		
01:11:00 --> 01:11:02
			put together 1 or 2 pay 1 to
		
01:11:02 --> 01:11:03
			2 pay document
		
01:11:03 --> 01:11:05
			and put it online
		
01:11:05 --> 01:11:08
			and sold it for $1. He was too
		
01:11:08 --> 01:11:09
			scared to price it too
		
01:11:09 --> 01:11:12
			high, was very insecure as we normally are
		
01:11:12 --> 01:11:14
			typically as creators when we start things. We're
		
01:11:14 --> 01:11:16
			nervous how people would accept them. Right?
		
01:11:16 --> 01:11:18
			So the 1st night passed and
		
01:11:19 --> 01:11:20
			nobody bought.
		
01:11:20 --> 01:11:21
			Okay?
		
01:11:22 --> 01:11:23
			2nd night passed, he couldn't sleep.
		
01:11:24 --> 01:11:26
			One person bought. Wow.
		
01:11:26 --> 01:11:29
			Oh, wow. So there's actually one human being.
		
01:11:29 --> 01:11:31
			3rd night, 4th night, a few nights passed,
		
01:11:31 --> 01:11:33
			nobody bought again. And then he's like, oh,
		
01:11:33 --> 01:11:35
			meh. With all my efforts.
		
01:11:36 --> 01:11:39
			But within a few months, guys,
		
01:11:40 --> 01:11:42
			he had made his monthly paycheck. Okay? So
		
01:11:42 --> 01:11:44
			he had made let's say he earned $1,000,
		
01:11:44 --> 01:11:46
			for example. He had made $1,000
		
01:11:47 --> 01:11:50
			from that just selling that thing. Someone told
		
01:11:50 --> 01:11:51
			another person, told another person, and then he
		
01:11:51 --> 01:11:53
			used, you know, promotions and all of that
		
01:11:53 --> 01:11:56
			and all of that. It is possible. Okay?
		
01:11:56 --> 01:11:58
			And now the rest is history. So from
		
01:11:58 --> 01:12:00
			that $1, he got more confident, did more
		
01:12:00 --> 01:12:02
			for priced higher, blah blah blah blah blah.
		
01:12:02 --> 01:12:04
			The rest is history. K?
		
01:12:04 --> 01:12:06
			Now I would want to say something.
		
01:12:07 --> 01:12:08
			The key to passive income
		
01:12:09 --> 01:12:10
			is to diversify.
		
01:12:10 --> 01:12:13
			Now even if you're super talented and, for
		
01:12:13 --> 01:12:15
			example, you have this one very, you know,
		
01:12:15 --> 01:12:16
			thriving business
		
01:12:18 --> 01:12:19
			okay. So I'll just send you the link
		
01:12:19 --> 01:12:21
			to our website here. And I must say
		
01:12:21 --> 01:12:24
			that our website website, is being optimized, so
		
01:12:24 --> 01:12:26
			some some, things may not work, but just
		
01:12:26 --> 01:12:28
			in case. Okay? That's it.
		
01:12:28 --> 01:12:31
			So diversify. It's not advisable to rely on
		
01:12:31 --> 01:12:33
			an online business or any sort of business
		
01:12:33 --> 01:12:35
			or anything. Right? Remember what I told you
		
01:12:35 --> 01:12:37
			earlier if you were there.
		
01:12:38 --> 01:12:41
			If you Warren Buffett was quoted to have
		
01:12:41 --> 01:12:44
			said that if you are relying on your
		
01:12:44 --> 01:12:44
			salary
		
01:12:45 --> 01:12:46
			for income
		
01:12:46 --> 01:12:48
			as the sole source of your income, you
		
01:12:48 --> 01:12:51
			are one step away from poverty.
		
01:12:53 --> 01:12:54
			Whether he said it or not, I don't
		
01:12:54 --> 01:12:55
			care. The message is true.
		
01:12:56 --> 01:12:57
			Alright. So diversify
		
01:12:58 --> 01:12:59
			in the sense that,
		
01:12:59 --> 01:13:01
			never put all your eggs in 1 basket.
		
01:13:01 --> 01:13:03
			And ladies, we know that. Right? Imagine you
		
01:13:03 --> 01:13:05
			go you go shopping and you bring eggs,
		
01:13:05 --> 01:13:06
			and then you mix the eggs with the
		
01:13:06 --> 01:13:07
			clothes and the shoes and the blah blah
		
01:13:07 --> 01:13:08
			blah blah.
		
01:13:09 --> 01:13:10
			Spend a lot of time cleaning
		
01:13:11 --> 01:13:12
			or and you don't get to eat any
		
01:13:12 --> 01:13:13
			eggs.
		
01:13:14 --> 01:13:17
			Alright? So how can you diversify?
		
01:13:19 --> 01:13:21
			Dabble yourself, I would say, in the investment
		
01:13:21 --> 01:13:22
			space.
		
01:13:22 --> 01:13:25
			If you I started investing in stocks with
		
01:13:26 --> 01:13:28
			a lot less than a $100. And when
		
01:13:28 --> 01:13:29
			I say a $100, it's
		
01:13:30 --> 01:13:33
			maybe about 50 ish now because, you know,
		
01:13:33 --> 01:13:34
			I just thought, okay. If I put this
		
01:13:34 --> 01:13:36
			here, it might
		
01:13:36 --> 01:13:39
			not come back. So start with something you're
		
01:13:39 --> 01:13:39
			comfortable
		
01:13:40 --> 01:13:43
			disappearing, for example, just as a tester. And
		
01:13:43 --> 01:13:45
			I'm saying this because it builds your confidence
		
01:13:45 --> 01:13:46
			investing.
		
01:13:46 --> 01:13:50
			Investing is a loser's game. That's what, experts
		
01:13:50 --> 01:13:52
			I think Warren Buffett has said that too.
		
01:13:52 --> 01:13:53
			I quote him a lot because because I
		
01:13:53 --> 01:13:54
			like him.
		
01:13:55 --> 01:13:57
			It's a loser's game, but
		
01:13:57 --> 01:13:59
			many people who are less wealthy or who
		
01:13:59 --> 01:14:01
			don't understand how wealth works,
		
01:14:01 --> 01:14:03
			they play the game of investing and money
		
01:14:03 --> 01:14:05
			making in order not to lose.
		
01:14:05 --> 01:14:06
			And, you know, what you focus on, if
		
01:14:06 --> 01:14:08
			you focus on not losing, you tend to
		
01:14:08 --> 01:14:09
			pick the you just tend to lose.
		
01:14:10 --> 01:14:12
			I'm sure people who work with people can
		
01:14:12 --> 01:14:14
			understand me when you your mindset and and,
		
01:14:14 --> 01:14:16
			brother Nadir mentioned think and grow rich. It's
		
01:14:16 --> 01:14:20
			how you think that almost always determines your
		
01:14:20 --> 01:14:22
			outcome. Okay. Many of us are Muslims. I
		
01:14:22 --> 01:14:23
			remember in this part of the world when
		
01:14:23 --> 01:14:24
			I say when when you say stuff like
		
01:14:24 --> 01:14:26
			that, people are like, are you saying that
		
01:14:26 --> 01:14:28
			you are Allah?
		
01:14:28 --> 01:14:31
			No. I don't think so. But Allah has
		
01:14:31 --> 01:14:32
			given us the power to think, and I
		
01:14:32 --> 01:14:33
			love this,
		
01:14:34 --> 01:14:35
			I think it's hadith Qudsi that,
		
01:14:36 --> 01:14:36
			Allah
		
01:14:37 --> 01:14:39
			said that I am as my servant thinks
		
01:14:39 --> 01:14:41
			of me. So if you think
		
01:14:42 --> 01:14:45
			if you decide on your own to not
		
01:14:45 --> 01:14:45
			give,
		
01:14:46 --> 01:14:48
			Allah a razzak or to not think that
		
01:14:48 --> 01:14:50
			anything is possible with Allah or to not
		
01:14:50 --> 01:14:52
			think that, you know, or to just limit
		
01:14:52 --> 01:14:54
			your thoughts about what Allah can do.
		
01:14:54 --> 01:14:56
			It's up to you. It's it happens. So
		
01:14:56 --> 01:14:59
			that to me reinforces that thoughts actually make,
		
01:15:00 --> 01:15:01
			or mar your
		
01:15:02 --> 01:15:04
			journey, especially around wealth.
		
01:15:04 --> 01:15:06
			Okey dokey. Alright. So,
		
01:15:07 --> 01:15:09
			let's see then. Now what if this doesn't
		
01:15:09 --> 01:15:11
			work? You're if you're asking yourself, what if,
		
01:15:11 --> 01:15:12
			okay, I start a business and then it
		
01:15:12 --> 01:15:13
			fails?
		
01:15:13 --> 01:15:15
			It could happen. What if I start this
		
01:15:15 --> 01:15:17
			and people don't like it? What if I
		
01:15:17 --> 01:15:19
			do this? What if that? What if this?
		
01:15:19 --> 01:15:20
			What if that? Remember,
		
01:15:22 --> 01:15:24
			everybody was once a novice.
		
01:15:25 --> 01:15:26
			Craft your learnings in gold.
		
01:15:27 --> 01:15:28
			Dust yourself up. If I tell you the
		
01:15:28 --> 01:15:30
			number of money the number of deals I
		
01:15:30 --> 01:15:32
			failed at, the number of, the amount of
		
01:15:32 --> 01:15:34
			money I lost,
		
01:15:34 --> 01:15:37
			it is not so pleasant. But alhamdulillah, the
		
01:15:37 --> 01:15:39
			learnings, I can share the stories with you
		
01:15:39 --> 01:15:40
			and I can tell you what not to
		
01:15:40 --> 01:15:41
			do because
		
01:15:42 --> 01:15:44
			I gave myself permission to fail.
		
01:15:45 --> 01:15:47
			Give yourself permission to fail.
		
01:15:47 --> 01:15:50
			Wealth creation, wealth journey is not an easy
		
01:15:50 --> 01:15:53
			one, but, again, it this this simple
		
01:15:53 --> 01:15:55
			process of saying, oh, oh, really? Oh, I
		
01:15:55 --> 01:15:57
			failed? Oh, this time I didn't make money?
		
01:15:57 --> 01:15:57
			Oh, that's fine.
		
01:15:58 --> 01:16:00
			Give yourself time to cry if you're like
		
01:16:00 --> 01:16:02
			me. Give myself time to cry in the
		
01:16:02 --> 01:16:04
			room or stuff like that or or rant
		
01:16:04 --> 01:16:06
			to my husband or my sister or whomsoever.
		
01:16:07 --> 01:16:10
			Give yourself that time, then move on.
		
01:16:10 --> 01:16:11
			Okay?
		
01:16:12 --> 01:16:13
			Alright.
		
01:16:13 --> 01:16:14
			So right now, what I want you to
		
01:16:14 --> 01:16:16
			do, everyone, is I want you to take
		
01:16:16 --> 01:16:17
			your notebook. If you wanna chat with me
		
01:16:17 --> 01:16:19
			here, you can do that. Tell me what
		
01:16:19 --> 01:16:21
			your one thing you're going to do today,
		
01:16:21 --> 01:16:23
			and I want you to chat, actually. One
		
01:16:23 --> 01:16:25
			thing you are going to do today,
		
01:16:25 --> 01:16:26
			this
		
01:16:26 --> 01:16:28
			night, that will take you closer to your
		
01:16:28 --> 01:16:28
			dreams.
		
01:16:29 --> 01:16:30
			One thing you're going to do today. You
		
01:16:30 --> 01:16:31
			can use code language if you don't want
		
01:16:31 --> 01:16:32
			me to understand, if you don't want the
		
01:16:32 --> 01:16:34
			whole world to know. Okay. Or you can
		
01:16:34 --> 01:16:36
			write it in your own book.
		
01:16:36 --> 01:16:38
			One thing you're going to do today in
		
01:16:38 --> 01:16:39
			order for you
		
01:16:40 --> 01:16:42
			to get closer to your dream life or
		
01:16:42 --> 01:16:43
			your dream wealth. K?
		
01:16:43 --> 01:16:45
			One thing you're going to do today, this
		
01:16:45 --> 01:16:45
			night.
		
01:16:46 --> 01:16:49
			Hadija says she'll decide to do it. Okay.
		
01:16:49 --> 01:16:51
			Whatever that means to you, I hope that
		
01:16:51 --> 01:16:52
			on your own notebook, you're going to make
		
01:16:52 --> 01:16:53
			it more concrete.
		
01:16:54 --> 01:16:56
			You're going to say,
		
01:16:56 --> 01:16:59
			I will, inshallah, this night,
		
01:16:59 --> 01:17:01
			start for example, if you wanna start a
		
01:17:01 --> 01:17:02
			business, I will start,
		
01:17:05 --> 01:17:07
			purchasing the the the the domain or the
		
01:17:07 --> 01:17:09
			website or whatever it is. Thank you, f
		
01:17:09 --> 01:17:11
			Campbell says, I would look into a second
		
01:17:11 --> 01:17:13
			income stream, that's that's good, but I would
		
01:17:13 --> 01:17:13
			love,
		
01:17:14 --> 01:17:16
			if you put something small. So you can
		
01:17:16 --> 01:17:18
			say I would start looking up a domain,
		
01:17:18 --> 01:17:21
			for example, or, yes, a second income stream,
		
01:17:21 --> 01:17:23
			and then you can specify it for yourself.
		
01:17:23 --> 01:17:25
			Or you can then, better still,
		
01:17:25 --> 01:17:27
			start using the 4 questions that I mentioned
		
01:17:27 --> 01:17:30
			earlier. Alright? That is how the wealthy think,
		
01:17:30 --> 01:17:32
			and that is how they make things happen.
		
01:17:32 --> 01:17:34
			How can I make this happen? How
		
01:17:36 --> 01:17:37
			how can I solve a problem?
		
01:17:38 --> 01:17:40
			What problem do I wanna solve?
		
01:17:40 --> 01:17:42
			And when can I start?
		
01:17:42 --> 01:17:45
			Okay. Brilliant. Tanika says, think about a problem
		
01:17:45 --> 01:17:46
			I can solve. Start reading, reading up an
		
01:17:46 --> 01:17:49
			essay. The simple truth is,
		
01:17:50 --> 01:17:51
			If you solve a problem, people will pay
		
01:17:51 --> 01:17:53
			you. So that is almost a it's a
		
01:17:53 --> 01:17:54
			no brainer,
		
01:17:54 --> 01:17:55
			Alright?
		
01:17:56 --> 01:17:58
			Okay. So at this point, I think I'll
		
01:17:58 --> 01:18:00
			wrap up with, what I started with, basically,
		
01:18:00 --> 01:18:03
			about myself. I picked up myself, stopped,
		
01:18:04 --> 01:18:06
			taking, you know, victim pills,
		
01:18:07 --> 01:18:10
			not really real pills, but stopped got myself
		
01:18:10 --> 01:18:12
			out with help from that zone of being
		
01:18:12 --> 01:18:14
			a victim and I actually took action. Decided,
		
01:18:14 --> 01:18:16
			what am I good at? I love to
		
01:18:16 --> 01:18:18
			talk. I'm like a parrot. That was the
		
01:18:18 --> 01:18:20
			first thing I decided to do. So I
		
01:18:20 --> 01:18:22
			decided to give free talks about the one
		
01:18:22 --> 01:18:24
			thing that I know very, very well, which
		
01:18:24 --> 01:18:26
			is money, investing. I've been investing for nearly
		
01:18:26 --> 01:18:28
			a decade now on behalf of myself and
		
01:18:28 --> 01:18:30
			an institution and so many other, you know,
		
01:18:30 --> 01:18:32
			people. So I get access to so many
		
01:18:32 --> 01:18:33
			so much information,
		
01:18:34 --> 01:18:35
			but I realized it's so limited to the
		
01:18:35 --> 01:18:38
			Muslim world. Then I said, I'll start to
		
01:18:38 --> 01:18:40
			speak about it, and I did. And I
		
01:18:40 --> 01:18:42
			did again and again and again, and that's
		
01:18:42 --> 01:18:44
			it. And today, alhamdulillah, I have
		
01:18:45 --> 01:18:46
			a number of income streams, about 9 and
		
01:18:46 --> 01:18:49
			counting. I'm not where I wanna be yet,
		
01:18:49 --> 01:18:52
			but it's a journey. And I permit myself
		
01:18:52 --> 01:18:54
			to make the mistakes, to take the risk,
		
01:18:54 --> 01:18:56
			and I want you to decide to permit
		
01:18:56 --> 01:18:58
			yourself to do the same today.
		
01:19:00 --> 01:19:01
			Thank you so much. Let me see if
		
01:19:01 --> 01:19:03
			you have any questions.
		
01:19:03 --> 01:19:05
			Hadija says, I'll think carefully about my spending,
		
01:19:05 --> 01:19:07
			ask myself a celebrity question regarding purchases.
		
01:19:08 --> 01:19:10
			Way to go, Hadija. I'm proud of you.
		
01:19:11 --> 01:19:12
			Any questions
		
01:19:12 --> 01:19:14
			that you would like me to take before
		
01:19:14 --> 01:19:16
			I hand over to sister,
		
01:19:17 --> 01:19:18
			Naima Robert?
		
01:19:20 --> 01:19:21
			Yes. I'd like to just, like, jump in
		
01:19:21 --> 01:19:23
			and just say to everybody inshallah
		
01:19:23 --> 01:19:26
			that, you know, remember that and just as
		
01:19:26 --> 01:19:28
			we covered in the first session on health,
		
01:19:29 --> 01:19:31
			a lot of the ways in which we've
		
01:19:31 --> 01:19:32
			been encouraged to live
		
01:19:33 --> 01:19:35
			are not in our best interests.
		
01:19:36 --> 01:19:37
			So this is the same with spending. Would
		
01:19:37 --> 01:19:40
			you say, Mariam? Would you agree? Yeah. Absolutely.
		
01:19:40 --> 01:19:42
			Absolutely. I agree. I agree.
		
01:19:43 --> 01:19:45
			But do you I I don't think spending
		
01:19:45 --> 01:19:46
			is the problem. I I'm a bit I'm
		
01:19:46 --> 01:19:47
			a bit of a,
		
01:19:48 --> 01:19:50
			a rebel here. Some people I love to
		
01:19:50 --> 01:19:54
			chill. But I I always encourage people to
		
01:19:54 --> 01:19:55
			increase your income.
		
01:19:55 --> 01:19:56
			Why stay,
		
01:19:56 --> 01:19:57
			you know, huddled?
		
01:19:58 --> 01:20:00
			I think that's that's that's even a a
		
01:20:00 --> 01:20:02
			worse belief in my opinion. Just huddled. You
		
01:20:02 --> 01:20:05
			know, we need to manage scarcity scarcity. Oh,
		
01:20:05 --> 01:20:09
			no. Allah's universe reminds us every single day.
		
01:20:09 --> 01:20:11
			So we've been here about an hour now
		
01:20:11 --> 01:20:12
			or more.
		
01:20:12 --> 01:20:14
			Can you count the the amount of oxygen
		
01:20:14 --> 01:20:15
			you've you've taken in, sister, Nina?
		
01:20:16 --> 01:20:19
			No. Thank you. Literally, the blood that our
		
01:20:19 --> 01:20:21
			heart has been beating, you know. So so
		
01:20:21 --> 01:20:23
			Allah reminds us constantly within ourselves.
		
01:20:24 --> 01:20:25
			The trees, the skies,
		
01:20:26 --> 01:20:29
			ocean, it's endless. Right? It's so massive. Allah
		
01:20:29 --> 01:20:31
			reminds us every single time of his abundance.
		
01:20:31 --> 01:20:33
			Now I'm not saying be wasteful,
		
01:20:34 --> 01:20:36
			but I do believe that staying in such
		
01:20:36 --> 01:20:40
			a cocoon of not spending law is terrible.
		
01:20:40 --> 01:20:41
			What I do believe is you wanna spend?
		
01:20:41 --> 01:20:43
			Okay. No problem. Raise your income.
		
01:20:44 --> 01:20:45
			When you get to a certain level, okay.
		
01:20:45 --> 01:20:47
			Raise your income. That's my view on spending
		
01:20:47 --> 01:20:48
			truly.
		
01:20:48 --> 01:20:50
			Yeah. I think, yeah, I hear what you're
		
01:20:50 --> 01:20:52
			saying. Definitely, scarcity mentality is a big problem
		
01:20:52 --> 01:20:54
			for for for many of us because of
		
01:20:54 --> 01:20:56
			our own financial blueprint, you know, what we
		
01:20:56 --> 01:20:58
			learned from our parents, etcetera.
		
01:20:58 --> 01:21:00
			I think I what's interesting, and I'm not
		
01:21:00 --> 01:21:01
			sure whether this is a a case for
		
01:21:01 --> 01:21:04
			and brother Nadir, if you're around, we can,
		
01:21:04 --> 01:21:06
			you know, round up with, with maybe a
		
01:21:06 --> 01:21:07
			3 a three way conversation.
		
01:21:07 --> 01:21:08
			But,
		
01:21:08 --> 01:21:11
			you know, particularly in the west,
		
01:21:12 --> 01:21:14
			the way that black communities
		
01:21:15 --> 01:21:15
			spend
		
01:21:16 --> 01:21:17
			is,
		
01:21:17 --> 01:21:18
			is problematic.
		
01:21:19 --> 01:21:20
			Brother Nadir, would you agree with that? Do
		
01:21:20 --> 01:21:22
			you wanna just go into that for a
		
01:21:22 --> 01:21:23
			bit? Because, masha'Allah, what I love about the
		
01:21:23 --> 01:21:25
			festival is that we literally have
		
01:21:25 --> 01:21:28
			a you know, it's a global perspective.
		
01:21:28 --> 01:21:30
			So what is an issue for Africans on
		
01:21:30 --> 01:21:31
			the continent
		
01:21:31 --> 01:21:34
			might not be an issue for black Muslims
		
01:21:34 --> 01:21:36
			in the west. And then also for black
		
01:21:36 --> 01:21:38
			people in the west, they have particular issues
		
01:21:38 --> 01:21:40
			that maybe Africans on the continent, they're like,
		
01:21:40 --> 01:21:41
			what's the big deal? But then, Nadeem, what
		
01:21:41 --> 01:21:42
			what can you say about,
		
01:21:43 --> 01:21:45
			black people spending in the West?
		
01:21:46 --> 01:21:49
			I think it's it's working out extremely well
		
01:21:50 --> 01:21:52
			for those who enslaved us.
		
01:21:52 --> 01:21:54
			Okay? And what I mean is that last
		
01:21:54 --> 01:21:56
			year, it said that black people in the
		
01:21:56 --> 01:21:57
			in the US
		
01:21:58 --> 01:21:59
			had collectively 1,300,000,000,000
		
01:22:01 --> 01:22:02
			in spending power.
		
01:22:03 --> 01:22:03
			1,300,000,000,000.
		
01:22:05 --> 01:22:06
			Wow. Alright. So that's
		
01:22:07 --> 01:22:09
			ridiculously crazy. That have been that would be,
		
01:22:09 --> 01:22:11
			like, I think, the 5th or 6th
		
01:22:11 --> 01:22:13
			largest economy on the world if it was
		
01:22:13 --> 01:22:14
			in itself.
		
01:22:14 --> 01:22:17
			The challenge is that we own less property
		
01:22:17 --> 01:22:19
			than we did 100 years ago, pre civil
		
01:22:19 --> 01:22:20
			rights.
		
01:22:20 --> 01:22:23
			Come on now. No. So the spending is
		
01:22:23 --> 01:22:25
			working out well for the same ones who,
		
01:22:25 --> 01:22:27
			enslaved us physically, where mentally
		
01:22:28 --> 01:22:29
			that money is going you know, that currency
		
01:22:29 --> 01:22:31
			is going right back to them, so we
		
01:22:31 --> 01:22:32
			are a great asset
		
01:22:32 --> 01:22:33
			for them
		
01:22:33 --> 01:22:37
			in particular. So without that financial education
		
01:22:37 --> 01:22:39
			and learning how to redirect it to your
		
01:22:39 --> 01:22:42
			own resources, we lose. For example, at my
		
01:22:42 --> 01:22:44
			family meeting a couple of days ago, we
		
01:22:44 --> 01:22:44
			have
		
01:22:45 --> 01:22:46
			a my family has a meeting, every Thursday,
		
01:22:46 --> 01:22:48
			and we deal with skills and financial education
		
01:22:48 --> 01:22:50
			and a lot of different things for the
		
01:22:50 --> 01:22:51
			first half of it. Is my camera going,
		
01:22:51 --> 01:22:54
			like, in and out trying to fetch me?
		
01:22:54 --> 01:22:56
			Yeah. Yeah. A little bit. Yeah.
		
01:22:56 --> 01:22:58
			So sorry about that. I had to switch
		
01:22:58 --> 01:23:00
			it. This is crazy. Anyway, we were at
		
01:23:00 --> 01:23:02
			a family meeting, and one of the assignments
		
01:23:02 --> 01:23:05
			was to really talk about Marcus Garvey and
		
01:23:05 --> 01:23:06
			what he did. People know the name Marcus
		
01:23:06 --> 01:23:08
			Garvey, but they don't know much other than
		
01:23:08 --> 01:23:09
			just the name.
		
01:23:10 --> 01:23:11
			But you have back in 1919,
		
01:23:12 --> 01:23:12
			this guy
		
01:23:13 --> 01:23:15
			going from 3 years on the street corner
		
01:23:15 --> 01:23:17
			with a bullhorn talking his message about black
		
01:23:17 --> 01:23:18
			economics and independence
		
01:23:19 --> 01:23:20
			and a lot of other stuff that isn't
		
01:23:20 --> 01:23:23
			it's not necessarily Islamic, but the foundations of
		
01:23:23 --> 01:23:25
			the economic part were to do for yourself,
		
01:23:25 --> 01:23:27
			do for your own. So what he did
		
01:23:27 --> 01:23:29
			101 years ago that no black man has
		
01:23:29 --> 01:23:31
			been able to accomplish since or at least
		
01:23:31 --> 01:23:33
			they didn't desire to,
		
01:23:34 --> 01:23:36
			is he had ocean liners, like black what's
		
01:23:36 --> 01:23:38
			called black star liners. You know, going back
		
01:23:38 --> 01:23:41
			and forth, doing commerce and trade with different
		
01:23:41 --> 01:23:43
			parts of Africa, also in Jamaica and Caribbean.
		
01:23:43 --> 01:23:44
			Also, he had some
		
01:23:45 --> 01:23:47
			ships now, ships, ocean liner ships, right, like
		
01:23:47 --> 01:23:48
			the Titanic,
		
01:23:49 --> 01:23:50
			doing business in cargo, but also,
		
01:23:51 --> 01:23:52
			for people wanting to move back, but you
		
01:23:52 --> 01:23:54
			also have manufacturing facilities. Like, we don't have
		
01:23:54 --> 01:23:56
			in the Muslim world. We don't manufacture anything.
		
01:23:56 --> 01:23:58
			You know, making black dials, they had, chains
		
01:23:58 --> 01:24:00
			of hotels. They were auditoriums
		
01:24:00 --> 01:24:02
			where you get information out,
		
01:24:02 --> 01:24:05
			commercial real estate buildings, residential buildings, restaurants,
		
01:24:06 --> 01:24:07
			all of this stuff for independence of which
		
01:24:07 --> 01:24:09
			making public enemy number 1. So I used
		
01:24:09 --> 01:24:11
			other black leaders who are more fair skinned
		
01:24:11 --> 01:24:14
			like myself to call him a black gorilla
		
01:24:14 --> 01:24:16
			monkey, play on the colorism and everything from
		
01:24:16 --> 01:24:19
			there, and, help bring him down and eventually
		
01:24:19 --> 01:24:20
			get him locked up and and so on
		
01:24:20 --> 01:24:23
			and so forth for tax charges, which is
		
01:24:23 --> 01:24:25
			one of the the most ridiculous things out
		
01:24:25 --> 01:24:27
			there, but a 101 years ago that happened.
		
01:24:28 --> 01:24:30
			Now imagine that collective experience. Now mind you,
		
01:24:30 --> 01:24:31
			Marcus Garvey's,
		
01:24:31 --> 01:24:33
			Marcus Garvey also
		
01:24:34 --> 01:24:36
			Malcolm X's father was a Garveyite. He followed
		
01:24:36 --> 01:24:37
			that philosophy even like Elijah Muhammad. A lot
		
01:24:37 --> 01:24:40
			of stuff, really came through, and no not
		
01:24:40 --> 01:24:42
			since the nation of Islam who followed that
		
01:24:42 --> 01:24:42
			philosophy
		
01:24:43 --> 01:24:46
			of economics and collective group group group economics
		
01:24:47 --> 01:24:49
			has black have black people ever had more
		
01:24:49 --> 01:24:51
			property and businesses than during that time? And
		
01:24:51 --> 01:24:52
			we're here
		
01:24:53 --> 01:24:53
			1,300,000,000,000
		
01:24:55 --> 01:24:56
			last year.
		
01:24:57 --> 01:24:59
			So, yeah, it's absolutely in the spending because
		
01:24:59 --> 01:25:00
			we would like to look rich
		
01:25:01 --> 01:25:03
			than actually grow and be that way. When
		
01:25:03 --> 01:25:05
			you recognize the average, millionaire here has a
		
01:25:05 --> 01:25:08
			Toyota Corolla, they're not rolling around in Bentleys
		
01:25:08 --> 01:25:08
			and all the rest of the type of
		
01:25:08 --> 01:25:10
			stuff. It's not about looking rich. You know,
		
01:25:10 --> 01:25:12
			since it's actually about being and having it
		
01:25:12 --> 01:25:14
			for generations. When you look at the Zuckerbergs,
		
01:25:15 --> 01:25:17
			like, we know his whole entire wardrobe by
		
01:25:17 --> 01:25:18
			one picture.
		
01:25:18 --> 01:25:20
			You look at Bill Gates. You look at
		
01:25:20 --> 01:25:22
			Warren Buffett and Omar where he stays and
		
01:25:22 --> 01:25:24
			everything really really simple lies,
		
01:25:25 --> 01:25:27
			you know, but the the facade
		
01:25:28 --> 01:25:30
			of what it means, like, Kiyosaki talks about
		
01:25:30 --> 01:25:31
			expanding your means,
		
01:25:32 --> 01:25:33
			but also watching them because even though he
		
01:25:33 --> 01:25:35
			said don't put all your eggs in one
		
01:25:35 --> 01:25:36
			basket, he said if you do put all
		
01:25:36 --> 01:25:37
			your eggs in 1 basket, you need to
		
01:25:37 --> 01:25:38
			watch it very closely,
		
01:25:39 --> 01:25:41
			you know, because that's a a food is
		
01:25:41 --> 01:25:41
			willing to,
		
01:25:42 --> 01:25:42
			overlook
		
01:25:43 --> 01:25:45
			what a wise man is willing to research.
		
01:25:45 --> 01:25:47
			So, again, that that 1,300,000,000,000
		
01:25:48 --> 01:25:49
			in the US,
		
01:25:50 --> 01:25:50
			the
		
01:25:50 --> 01:25:53
			the lifestyle and quality of life will change
		
01:25:53 --> 01:25:55
			overnight should those funds be redirected, how they
		
01:25:55 --> 01:25:55
			should be redirected.
		
01:25:56 --> 01:25:57
			There's a
		
01:25:57 --> 01:25:59
			show on Netflix with Killer Mike. I forget
		
01:25:59 --> 01:26:01
			the name of it. Some trigger warning.
		
01:26:02 --> 01:26:04
			There's, like, 6 or 7 episodes where he
		
01:26:04 --> 01:26:06
			tried to live in Atlanta, which is the
		
01:26:06 --> 01:26:09
			blackest blackest city in the country, if you
		
01:26:09 --> 01:26:11
			will. He tried to live for 24 hours
		
01:26:11 --> 01:26:13
			doing nothing but buying black, buying black, talking
		
01:26:13 --> 01:26:14
			on the phone black, traveling black, staying at
		
01:26:14 --> 01:26:16
			a hotel black, he couldn't do it. It's
		
01:26:16 --> 01:26:19
			really disappointing. In Atlanta, he could not do
		
01:26:19 --> 01:26:21
			that. Couldn't do it. In Atlanta.
		
01:26:21 --> 01:26:22
			In Atlanta.
		
01:26:22 --> 01:26:24
			Wow. He had to sleep outside. He he
		
01:26:24 --> 01:26:26
			didn't he had to sleep outside on a
		
01:26:26 --> 01:26:26
			park bench
		
01:26:27 --> 01:26:29
			because there was no black owned hotels
		
01:26:29 --> 01:26:31
			or even motel you can go to. I'm
		
01:26:31 --> 01:26:32
			not talking about Airbnbs,
		
01:26:33 --> 01:26:35
			but, yeah, it's a it's a very
		
01:26:36 --> 01:26:38
			saddening, but it's a bittersweet
		
01:26:38 --> 01:26:40
			thing to see because you see the opportunity
		
01:26:40 --> 01:26:43
			that's out there should people decide to and
		
01:26:43 --> 01:26:44
			begin to wake up as they're really doing
		
01:26:44 --> 01:26:46
			now this year under Trump, nevertheless.
		
01:26:48 --> 01:26:48
			Yeah.
		
01:26:49 --> 01:26:52
			Crazy, crazy stuff. Guys, just give us, any
		
01:26:52 --> 01:26:55
			last questions for our panelists in the chat.
		
01:26:55 --> 01:26:57
			Anything else that you'd like to say? I
		
01:26:57 --> 01:26:59
			think that this is, again, one of those
		
01:26:59 --> 01:27:01
			conversations that sounds just like a conversation starter.
		
01:27:02 --> 01:27:04
			It's not even like, okay. We've covered this
		
01:27:04 --> 01:27:06
			now. We can move on. It's like, you
		
01:27:06 --> 01:27:08
			know, I want, you know, I want our
		
01:27:08 --> 01:27:10
			people within the community who have the financial
		
01:27:10 --> 01:27:12
			acumen to help me write a book for
		
01:27:12 --> 01:27:13
			our kids.
		
01:27:13 --> 01:27:14
			You know? Help me to write a book
		
01:27:14 --> 01:27:16
			for our young people. Help me to put
		
01:27:16 --> 01:27:19
			together a course, you know, for for for
		
01:27:19 --> 01:27:20
			for our young people so we they can
		
01:27:20 --> 01:27:21
			have a head start,
		
01:27:22 --> 01:27:24
			and have the right attitude towards wealth, right
		
01:27:24 --> 01:27:27
			attitude towards money, right attitude towards what is
		
01:27:27 --> 01:27:29
			possible for them. We've got a question here.
		
01:27:29 --> 01:27:32
			Should you borrow to invest? Oh,
		
01:27:32 --> 01:27:35
			that's a that's an interesting one. Okay. What
		
01:27:35 --> 01:27:36
			do you guys say? Should you borrow to
		
01:27:36 --> 01:27:37
			invest?
		
01:27:39 --> 01:27:41
			I wouldn't I would not I would not
		
01:27:41 --> 01:27:43
			lend you anything until you could tell me
		
01:27:43 --> 01:27:45
			and convince me that your plan is right,
		
01:27:45 --> 01:27:47
			and you have some type of,
		
01:27:48 --> 01:27:49
			some skin in the game.
		
01:27:50 --> 01:27:51
			I've learned it the hard way. You know
		
01:27:51 --> 01:27:53
			what I'm saying? You love people. You wanna
		
01:27:53 --> 01:27:54
			help them and all that, and they say
		
01:27:54 --> 01:27:56
			they're gonna do something, but what is it
		
01:27:56 --> 01:27:57
			that you've done? My mentor told me this
		
01:27:57 --> 01:27:58
			thing. I used to call them all the
		
01:27:58 --> 01:28:00
			time. One of my mentors. Right? So call
		
01:28:00 --> 01:28:01
			them, hey. How you do this? So what
		
01:28:01 --> 01:28:02
			about this? You know? What about that? He
		
01:28:02 --> 01:28:04
			said, listen out there. This camera driving me
		
01:28:04 --> 01:28:04
			crazy.
		
01:28:06 --> 01:28:09
			Like, it's really going right now. Right? Anyway,
		
01:28:09 --> 01:28:10
			he said, listen out there.
		
01:28:11 --> 01:28:12
			This is what I want you to do.
		
01:28:12 --> 01:28:13
			He said,
		
01:28:14 --> 01:28:15
			if you're serious and you're a leader and
		
01:28:15 --> 01:28:16
			you really will
		
01:28:18 --> 01:28:19
			he said,
		
01:28:20 --> 01:28:21
			when you asked me can you hear me?
		
01:28:21 --> 01:28:22
			Am I good?
		
01:28:23 --> 01:28:25
			Okay. He said, when you ask a question,
		
01:28:25 --> 01:28:26
			he said, when you call somebody right away,
		
01:28:26 --> 01:28:28
			what's that saying is that you're lazy.
		
01:28:29 --> 01:28:30
			So I'm gonna ask you what books did
		
01:28:30 --> 01:28:32
			you read, what research did you do,
		
01:28:33 --> 01:28:35
			you know, what reports did you look at?
		
01:28:35 --> 01:28:37
			Give me all the most recent stuff that
		
01:28:37 --> 01:28:39
			you looked at, the audios you listened to
		
01:28:39 --> 01:28:40
			to try to find the answer before you
		
01:28:40 --> 01:28:42
			come to me because I wanna know that
		
01:28:42 --> 01:28:44
			you're serious. Because if you wanna be a
		
01:28:44 --> 01:28:46
			millionaire, for example, I mean, it really doesn't
		
01:28:46 --> 01:28:48
			happen for those who are just interested. You
		
01:28:48 --> 01:28:49
			know, you can be interested in a lot
		
01:28:49 --> 01:28:51
			of different things. We have a passing interest,
		
01:28:51 --> 01:28:53
			but there's a big difference between those who
		
01:28:53 --> 01:28:54
			are curious
		
01:28:54 --> 01:28:55
			and those who are serious.
		
01:28:56 --> 01:28:57
			Yeah. Oh, oh,
		
01:28:58 --> 01:28:59
			guys, I hope you're taking notes of these
		
01:28:59 --> 01:29:01
			things. There's a difference between those If you
		
01:29:01 --> 01:29:04
			wanna loan something or invest in you, that's
		
01:29:04 --> 01:29:05
			no problem. You know, I'm a I can
		
01:29:05 --> 01:29:07
			invest what I'm willing to lose, but I
		
01:29:07 --> 01:29:09
			need to know that you're serious and not
		
01:29:09 --> 01:29:11
			just curious. And you that has to be
		
01:29:11 --> 01:29:12
			demonstrable.
		
01:29:13 --> 01:29:15
			So if you can demonstrate that, but you
		
01:29:15 --> 01:29:16
			have an idea and you have an ambition,
		
01:29:17 --> 01:29:19
			we can get it done. If not, it's
		
01:29:19 --> 01:29:21
			it's unlikely. You still need to grow. You
		
01:29:21 --> 01:29:22
			know what I'm saying? You know, they say,
		
01:29:22 --> 01:29:23
			you know,
		
01:29:23 --> 01:29:25
			you can give and you can ask to
		
01:29:25 --> 01:29:26
			receive and all that kind of stuff, but
		
01:29:26 --> 01:29:28
			you have to do something. And I came
		
01:29:28 --> 01:29:30
			again from people believing me more than I
		
01:29:30 --> 01:29:32
			believed in myself, but I was willing to
		
01:29:32 --> 01:29:34
			listen and put into action what they said.
		
01:29:34 --> 01:29:36
			So you have to study, practice, teach, and
		
01:29:36 --> 01:29:37
			sometimes losing,
		
01:29:38 --> 01:29:39
			you know, being unsuccessful
		
01:29:40 --> 01:29:42
			at something is better than winning because the
		
01:29:42 --> 01:29:43
			lessons that you get from that losing.
		
01:29:44 --> 01:29:46
			But the great part is, you know, failure
		
01:29:46 --> 01:29:48
			is, you know, is a verb, not a
		
01:29:48 --> 01:29:49
			noun.
		
01:29:49 --> 01:29:50
			You know? So you can get up and
		
01:29:50 --> 01:29:52
			keep pushing, keep moving forward.
		
01:29:53 --> 01:29:55
			I like that. Go ahead, Mariam. What do
		
01:29:55 --> 01:29:57
			you think? Borrow to invest? I think yeah.
		
01:29:57 --> 01:29:59
			So so my question that I would ask,
		
01:29:59 --> 01:30:00
			Surahima is,
		
01:30:01 --> 01:30:03
			what what what is drive what what why
		
01:30:03 --> 01:30:05
			do you want to borrow, for example? Right?
		
01:30:05 --> 01:30:07
			And my understanding of your question is, should
		
01:30:07 --> 01:30:09
			I borrow, for example, to invest in stocks?
		
01:30:09 --> 01:30:10
			Should I borrow to invest in something?
		
01:30:11 --> 01:30:14
			Why do you want to borrow? My view
		
01:30:14 --> 01:30:14
			is
		
01:30:15 --> 01:30:17
			whatever it is that you would like to
		
01:30:17 --> 01:30:18
			borrow, you can make.
		
01:30:19 --> 01:30:21
			And the use of leverage is,
		
01:30:23 --> 01:30:26
			man's way of not necessarily taking responsibility
		
01:30:26 --> 01:30:29
			for the investment itself, but let me defer
		
01:30:29 --> 01:30:30
			it to another person.
		
01:30:31 --> 01:30:33
			And debt in and of itself is a
		
01:30:33 --> 01:30:35
			very difficult thing. Remember the the the hadith
		
01:30:35 --> 01:30:37
			and all of that about Rasool not,
		
01:30:38 --> 01:30:40
			you know, saying prayers, prayers for people who
		
01:30:40 --> 01:30:41
			are still in debt.
		
01:30:41 --> 01:30:43
			So my question is,
		
01:30:44 --> 01:30:46
			why do you want to use someone else's
		
01:30:46 --> 01:30:47
			money? What if you lose? What if you
		
01:30:47 --> 01:30:50
			don't return? Debt has a terrible thing where
		
01:30:50 --> 01:30:52
			if you don't make it back, then it
		
01:30:52 --> 01:30:55
			weighs you down. Whereas if you get your
		
01:30:55 --> 01:30:55
			own income
		
01:30:56 --> 01:30:57
			from, you know,
		
01:30:58 --> 01:31:00
			sources, you can use it. You lose it.
		
01:31:00 --> 01:31:02
			You cry, cry, cry. You know, it dusts
		
01:31:02 --> 01:31:03
			itself up, and you, you know, you move
		
01:31:03 --> 01:31:05
			on. So that's my view. I feel like
		
01:31:05 --> 01:31:07
			anything that can be borrowed can be made.
		
01:31:07 --> 01:31:09
			So don't borrow. Make it and then invest
		
01:31:11 --> 01:31:13
			it. Yeah. And that that thing of you
		
01:31:13 --> 01:31:16
			said, you know, owing somebody else's else money,
		
01:31:17 --> 01:31:19
			is is, and and that you've lost as
		
01:31:19 --> 01:31:19
			well.
		
01:31:20 --> 01:31:21
			You can't even give it back to them.
		
01:31:22 --> 01:31:24
			Okay. Just, just to round off, I I
		
01:31:24 --> 01:31:24
			have,
		
01:31:25 --> 01:31:27
			we have in the west, and brother Nadir,
		
01:31:27 --> 01:31:29
			maybe you can confirm whether this is the
		
01:31:29 --> 01:31:30
			case in the states.
		
01:31:31 --> 01:31:33
			But there's always been an issue in our
		
01:31:33 --> 01:31:34
			community,
		
01:31:34 --> 01:31:35
			specifically,
		
01:31:35 --> 01:31:37
			the black Muslim community
		
01:31:38 --> 01:31:38
			of
		
01:31:39 --> 01:31:39
			poor
		
01:31:40 --> 01:31:42
			standards and poor follow through
		
01:31:43 --> 01:31:45
			where brothers are, like, on a hype, and
		
01:31:45 --> 01:31:47
			they're like, yeah. Yeah. Yeah. I'm gonna do
		
01:31:47 --> 01:31:49
			this. I'm gonna do that. Yeah. Inshallah. Inshallah.
		
01:31:49 --> 01:31:52
			I'm doing this. I'm doing that. And, like,
		
01:31:52 --> 01:31:54
			not a not one. You know, like, nothing
		
01:31:54 --> 01:31:56
			comes from it. Who is from the UK?
		
01:31:56 --> 01:31:57
			You guys know what I'm talking about. Give
		
01:31:57 --> 01:31:59
			me a yes in the chat if you
		
01:31:59 --> 01:32:00
			know what I'm talking about.
		
01:32:01 --> 01:32:03
			Where there's it's just jing bang, you know,
		
01:32:03 --> 01:32:04
			and it's just
		
01:32:04 --> 01:32:07
			it's always like almost like a fairy tale,
		
01:32:07 --> 01:32:09
			like a dream and, you know, sisters will
		
01:32:09 --> 01:32:11
			marry brothers and the brother's like, yeah. In
		
01:32:11 --> 01:32:12
			Charlotte, I'm gonna have my own business. Yeah.
		
01:32:12 --> 01:32:14
			In Charlotte, I wanna be an entrepreneur. I
		
01:32:14 --> 01:32:15
			don't wanna work for no one. Don't you
		
01:32:15 --> 01:32:17
			know, I like I I wanna be independent
		
01:32:17 --> 01:32:19
			and all of this kind of thing. But
		
01:32:19 --> 01:32:20
			I fear I fear
		
01:32:20 --> 01:32:23
			we don't have the business acumen,
		
01:32:24 --> 01:32:26
			and we don't have the role models and
		
01:32:26 --> 01:32:28
			the mentors to show
		
01:32:28 --> 01:32:31
			us the way. So over time, certainly from
		
01:32:31 --> 01:32:32
			the nineties,
		
01:32:32 --> 01:32:35
			many brothers wanted to go into business, try
		
01:32:35 --> 01:32:36
			to set
		
01:32:37 --> 01:32:39
			up something here, set up something there, but
		
01:32:39 --> 01:32:40
			it was as if
		
01:32:40 --> 01:32:42
			we had a failure blueprint.
		
01:32:42 --> 01:32:44
			But when you compare us to the Asian
		
01:32:44 --> 01:32:47
			community, for example, even the Arab community, they
		
01:32:47 --> 01:32:50
			have a successful blueprint. You know? If they
		
01:32:50 --> 01:32:51
			have, like, a corner shop,
		
01:32:51 --> 01:32:53
			they know how to run that corner shop.
		
01:32:53 --> 01:32:55
			And the son is gonna also know how
		
01:32:55 --> 01:32:56
			to run the corner shop and the uncle
		
01:32:56 --> 01:32:57
			and the cousin and all the rest of
		
01:32:57 --> 01:32:59
			them. The restaurant, same thing.
		
01:32:59 --> 01:33:01
			They've got a restaurant. They know how to
		
01:33:01 --> 01:33:03
			run the restaurant. Then the brother's gonna run
		
01:33:03 --> 01:33:04
			the restaurant. The kids are gonna work in
		
01:33:04 --> 01:33:07
			the restaurant. There's a tradition of passing on
		
01:33:07 --> 01:33:10
			business acumen. There's a tradition of passing on
		
01:33:10 --> 01:33:13
			work ethic. I feel like in our community,
		
01:33:13 --> 01:33:14
			we don't have that. And, guys, if I'm
		
01:33:14 --> 01:33:17
			wrong, please just just shut me down in
		
01:33:17 --> 01:33:19
			the chat. And brother Nadir, if it's not
		
01:33:19 --> 01:33:20
			the case in the US, please, you know,
		
01:33:20 --> 01:33:22
			just do the same. But that's something I've
		
01:33:22 --> 01:33:24
			noticed in the in the in the UK
		
01:33:24 --> 01:33:26
			with black Muslims in particular.
		
01:33:28 --> 01:33:29
			That's sad but true.
		
01:33:29 --> 01:33:32
			It's no it's it's it's not different,
		
01:33:33 --> 01:33:35
			here. The challenge is that
		
01:33:35 --> 01:33:37
			some people are sincere and some are not.
		
01:33:37 --> 01:33:38
			You know, some are shysty and shady,
		
01:33:39 --> 01:33:41
			but some just don't have the education. We
		
01:33:41 --> 01:33:42
			weren't raised with it.
		
01:33:43 --> 01:33:45
			So they're trying something new and they don't
		
01:33:45 --> 01:33:47
			know how to be professional. You don't know
		
01:33:47 --> 01:33:48
			that, you know, to be early is to
		
01:33:48 --> 01:33:49
			be on time, to be on time is
		
01:33:49 --> 01:33:50
			to be late, to be late is not
		
01:33:50 --> 01:33:51
			an option for a leader if you wanna
		
01:33:51 --> 01:33:52
			win.
		
01:33:52 --> 01:33:53
			You know what I'm saying? These are there
		
01:33:53 --> 01:33:55
			are certain philosophies and principles
		
01:33:56 --> 01:33:57
			that didn't get pushed down to us, but
		
01:33:57 --> 01:34:00
			at the same time, there are basic expectations
		
01:34:00 --> 01:34:02
			of professionalism. Meaning, if you're gonna say this
		
01:34:02 --> 01:34:03
			is gonna be delivered on a certain date,
		
01:34:03 --> 01:34:05
			the expectation is it shows up on that
		
01:34:05 --> 01:34:07
			date. You're gonna get so many excuses.
		
01:34:08 --> 01:34:09
			You know? At the same time, sometime we
		
01:34:09 --> 01:34:10
			act we,
		
01:34:11 --> 01:34:12
			we expect more
		
01:34:12 --> 01:34:14
			from us in particular, or we try to
		
01:34:14 --> 01:34:15
			free
		
01:34:15 --> 01:34:16
			all the time.
		
01:34:17 --> 01:34:18
			You know? It's like, oh, brother. Why do
		
01:34:18 --> 01:34:19
			you, you know, why do you have to
		
01:34:19 --> 01:34:21
			pay for this, or why do you do
		
01:34:21 --> 01:34:23
			shouldn't it be? Like, it is.
		
01:34:24 --> 01:34:26
			You know, I'm gonna get rewarded on both
		
01:34:26 --> 01:34:26
			sides.
		
01:34:27 --> 01:34:29
			You know, we offer plenty free stuff, but
		
01:34:29 --> 01:34:30
			free stuff is still not going to pay
		
01:34:30 --> 01:34:32
			our bills nor is it gonna pay for
		
01:34:32 --> 01:34:33
			us going to invest in ourselves the tens
		
01:34:33 --> 01:34:35
			of 1,000 of dollars. But when they go
		
01:34:35 --> 01:34:36
			to university
		
01:34:36 --> 01:34:38
			with no promise of anything coming from it,
		
01:34:39 --> 01:34:40
			they understand that they must pay, that there's
		
01:34:40 --> 01:34:42
			a tuition to be paid in addition to
		
01:34:42 --> 01:34:43
			the time.
		
01:34:43 --> 01:34:46
			So again, there's a there's a mindset. I
		
01:34:46 --> 01:34:48
			mean, when they look at, just the difference
		
01:34:49 --> 01:34:51
			in dealing with outstanding Muslim parents and then
		
01:34:51 --> 01:34:52
			you have outstanding personal relationships.
		
01:34:53 --> 01:34:55
			1 is specifically strategically,
		
01:34:56 --> 01:34:57
			desire to a Muslim audience because there's specific
		
01:34:57 --> 01:35:00
			things we do as parents, as Muslims in
		
01:35:00 --> 01:35:01
			particular, and being black.
		
01:35:02 --> 01:35:03
			Alright? When I say in a personal relationships,
		
01:35:03 --> 01:35:05
			the the audience is more broad because we're
		
01:35:05 --> 01:35:08
			dealing with relationships, marriage, religion, everything else. And
		
01:35:08 --> 01:35:09
			usually the first people to come out of
		
01:35:09 --> 01:35:11
			it are non Muslims. They come out of
		
01:35:11 --> 01:35:12
			their pay and they come out of their
		
01:35:12 --> 01:35:14
			pocket and we help them just as well.
		
01:35:14 --> 01:35:16
			And then out of that, from a lot
		
01:35:16 --> 01:35:16
			of it, is
		
01:35:17 --> 01:35:19
			a lot of doubt, a lot of asking
		
01:35:19 --> 01:35:20
			about Islam, and a lot about who's you
		
01:35:20 --> 01:35:22
			know, well, how did Islam do this and
		
01:35:22 --> 01:35:23
			that? And they wanna know. Now they're they're
		
01:35:23 --> 01:35:25
			interested in coming towards Islam. These are extra,
		
01:35:25 --> 01:35:27
			you know, benefits that come a part of
		
01:35:27 --> 01:35:29
			it. But a lot of times, we we
		
01:35:29 --> 01:35:30
			have the free sub in the lie mentality,
		
01:35:32 --> 01:35:33
			which help that it kinda destroys us being
		
01:35:33 --> 01:35:35
			able to get good quality content and get
		
01:35:35 --> 01:35:37
			out there. So it's it's dual fold. But,
		
01:35:37 --> 01:35:39
			again, my thing is going back to the
		
01:35:39 --> 01:35:40
			educational piece, not schooling
		
01:35:41 --> 01:35:43
			necessarily, but educational piece. Learn where to be
		
01:35:43 --> 01:35:44
			professional,
		
01:35:44 --> 01:35:45
			how to speak.
		
01:35:45 --> 01:35:47
			You know, you or you'll get scammed, like,
		
01:35:47 --> 01:35:50
			the whole situation with, the Muslim entrepreneur network
		
01:35:50 --> 01:35:51
			with, what's that?
		
01:35:52 --> 01:35:54
			Mirza, the Mirza brothers and stuff like that.
		
01:35:54 --> 01:35:56
			You know what I'm saying? Scammed tens of
		
01:35:56 --> 01:35:59
			1,000,000 of dollars for Muslims. Yeah. No targets,
		
01:35:59 --> 01:36:01
			but we can't let greed drive us at
		
01:36:01 --> 01:36:03
			the same time. Mm-mm. You know, we have
		
01:36:03 --> 01:36:05
			that we wanna be better and do stuff.
		
01:36:05 --> 01:36:06
			We want it easy.
		
01:36:07 --> 01:36:08
			You know? If you if the green looks
		
01:36:08 --> 01:36:10
			if the grass looks greener on the other
		
01:36:10 --> 01:36:12
			side, it might actually be.
		
01:36:12 --> 01:36:14
			But the challenge is we don't know all
		
01:36:14 --> 01:36:16
			the manure that had to go over and
		
01:36:16 --> 01:36:19
			they had to go through and grow through
		
01:36:19 --> 01:36:21
			to fertilize it. If we're not willing to
		
01:36:21 --> 01:36:23
			use that and go through it, we're gonna
		
01:36:23 --> 01:36:25
			lose. You know? So it's it's exactly the
		
01:36:25 --> 01:36:26
			same thing over here, and we have to
		
01:36:26 --> 01:36:28
			hold ourselves to a higher standard. That's why
		
01:36:28 --> 01:36:30
			Muslims have to rise up and and be
		
01:36:30 --> 01:36:32
			those standard bearers, set the standard, be professional,
		
01:36:32 --> 01:36:34
			put it out there to be that example,
		
01:36:34 --> 01:36:36
			to give away excuses from other people. Because
		
01:36:36 --> 01:36:38
			the those are gonna be the ones who
		
01:36:38 --> 01:36:39
			win. Those who serve the people do it
		
01:36:39 --> 01:36:41
			at a high level of standard and hold
		
01:36:41 --> 01:36:43
			ourselves accountable. And by doing that, we're giving
		
01:36:43 --> 01:36:45
			other people permission to do the same thing
		
01:36:45 --> 01:36:46
			and to do better
		
01:36:47 --> 01:36:49
			and better educate in the marketplace to be
		
01:36:49 --> 01:36:50
			better consumers as well.
		
01:36:51 --> 01:36:54
			Yeah. Totally. And, again, you know, it's it's
		
01:36:54 --> 01:36:55
			showing what's possible,
		
01:36:55 --> 01:36:57
			guys. This is this is the power really
		
01:36:57 --> 01:36:59
			of this platform and and so many other
		
01:36:59 --> 01:37:02
			platforms like it. It's showing what's possible. I
		
01:37:02 --> 01:37:04
			love what sister Hadiza said where she's watching
		
01:37:04 --> 01:37:06
			this with her kids. You know? And how
		
01:37:06 --> 01:37:07
			powerful is that,
		
01:37:08 --> 01:37:10
			not just for the knowledge that hopefully a
		
01:37:10 --> 01:37:12
			few sparks will go off. Maybe they may
		
01:37:12 --> 01:37:14
			look into some of those books. I think
		
01:37:14 --> 01:37:16
			some of those books have, like, a kid
		
01:37:16 --> 01:37:19
			version or, like, you know, some kind of,
		
01:37:20 --> 01:37:21
			like, a summary that they do because they
		
01:37:21 --> 01:37:23
			are I mean, the thing is, this is
		
01:37:23 --> 01:37:24
			the thing.
		
01:37:24 --> 01:37:25
			The wealthy
		
01:37:26 --> 01:37:27
			teach their children
		
01:37:28 --> 01:37:29
			about wealth.
		
01:37:30 --> 01:37:32
			It's it's it's middle class parents. I'm sorry.
		
01:37:33 --> 01:37:36
			Like, middle class parents are just trash. Okay?
		
01:37:36 --> 01:37:38
			Because middle class parents wanna pretend that it's
		
01:37:38 --> 01:37:40
			easy or that it's hard,
		
01:37:40 --> 01:37:42
			and and and they don't they don't even
		
01:37:42 --> 01:37:44
			middle class parents
		
01:37:44 --> 01:37:47
			don't have the acumen themselves because they're not
		
01:37:47 --> 01:37:50
			from money. They're not from wealth themselves. So
		
01:37:50 --> 01:37:52
			even to be able to teach your children
		
01:37:52 --> 01:37:55
			about generational wealth. As a middle class parent,
		
01:37:55 --> 01:37:57
			especially someone who's just come into the middle
		
01:37:57 --> 01:37:59
			class via education or via marriage, you don't
		
01:37:59 --> 01:38:01
			even have that. You don't even know how
		
01:38:01 --> 01:38:03
			wealth works. You don't even know how investment
		
01:38:03 --> 01:38:04
			works. That intergenerational
		
01:38:05 --> 01:38:07
			thing is not a currency that you have.
		
01:38:07 --> 01:38:09
			So to be able to offer that to
		
01:38:09 --> 01:38:11
			our children, firstly, for us to learn ourselves
		
01:38:12 --> 01:38:13
			and then to be able to offer it
		
01:38:13 --> 01:38:15
			to our children so that they can have
		
01:38:15 --> 01:38:16
			the advantage,
		
01:38:17 --> 01:38:19
			that many of us didn't have, and that
		
01:38:19 --> 01:38:21
			many, many in the world don't have, I
		
01:38:21 --> 01:38:23
			think is is really, really huge. So
		
01:38:25 --> 01:38:27
			guys, it's been really, really an eye opening
		
01:38:27 --> 01:38:30
			session. Another one. Right? Another eye opening session.
		
01:38:31 --> 01:38:32
			So may Allah reward
		
01:38:32 --> 01:38:34
			you and your families in everything that you
		
01:38:34 --> 01:38:37
			do. May he put continued barakah in everything
		
01:38:37 --> 01:38:39
			that you do. And, obviously, we know we
		
01:38:39 --> 01:38:41
			can meet brother Nadeel at
		
01:38:43 --> 01:38:46
			sismedium, you're on Wealth Paradigm on YouTube. Right?
		
01:38:46 --> 01:38:48
			Yeah. Okay, guys. You know what to do.
		
01:38:48 --> 01:38:49
			You've got a reading lists.
		
01:38:49 --> 01:38:51
			You've got YouTube playlists.
		
01:38:51 --> 01:38:54
			You've got downloads and all sorts of things.
		
01:38:54 --> 01:38:56
			So get busy and we will see you
		
01:38:56 --> 01:38:58
			for the, crowdfunding
		
01:38:58 --> 01:39:00
			workshop, and then we've got our big panel
		
01:39:00 --> 01:39:03
			discussion this evening for the entrepreneurs. Okay? So
		
01:39:05 --> 01:39:07
			everyone. Thank you, brother Nadir. Thank you, sister
		
01:39:07 --> 01:39:07
			Maryam.