Naima B. Robert – Let’s Talk About Money and Muslims Advice on Wealth Creation and Monetisation
![Naima B. Robert](https://artwork.muslimcentral.com/naima-b-robert-150x150.jpg)
AI: Summary ©
AI: Transcript ©
Welcome to this very very special and unique
segment
of the Black Muslim Festival during our wealth
weekend.
As I've said in previous sessions, we are
looking at wealth from a holistic perspective,
where it encompasses
your health, your money, and your impact on
your legacy in the world.
And to joining me today are 2 very,
very special people who are going to be
talking to us about
specifically the money piece. Okay?
The wealth side, the monetization side, the currency
side. Okay? So this is, like, the the
actual money piece.
And joining me today is, brother Nadir
Al Mujahid.
You may be familiar with him from his
work with outstanding personal relationships, but he got
a thing or two to say about money
too. So
and business in general and coaching. So I'll
let him tell you a little bit more
about that side of his work, when we
introduce him, but we also have sister Maria
Muhammad from Wealth Paradigm. And if you were
in our previous session,
then you will, of course, know that she
was teaching about, you know, fulfillment and wealth,
and all those 5 sections of the Sharia.
So
just wanna say welcome you guys, both of
you.
Thank you so much for coming.
Thank you so much, mister.
Okay. So let's kick this off with just
a really
brief conversation
about Muslims
and money.
What is
what is the deal with our relationship with
money?
What what do you see going on? What
have you seen in the community?
You know, how are we doing in that
area? Anybody like to start, jump in.
Ladies first, go ahead, Opity.
Okay. So thank you for this opportunity. So
if I get your question correctly, you're saying
what have I seen, notice? What have I
noticed generally as a trend among Muslims, right,
when it comes to money? Yeah. Okay. Absolutely.
I think I've noticed a lot of
laid back,
thing which is just brought about by, I
would say,
guilt.
Because I struggle with it personally. I told
you my story. Right? So guilt, you know,
you many of us tend to ask ourselves,
if I make so much money, would I
remember my 5 5 daily prayers? Would I,
you know, be kind to my mother? Would
I still speak to my in laws? Would
I still be a good person? So I've
noticed a trend,
of, you know, not taking charge,
forgetting forgetting, and I love this piece. A
friend of mine reminded me a few years
ago. She said, forgetting that a pillar of
Islam is actually zakah.
And who gives zakah?
Just who generally gives zakah? You have to
have kept wealth for at least a year.
So naturally, it's the wealthy that gives zakah.
So I think we've just have we have
adopted this lopsided view of wealth as though
it's a bad thing. You know, it's something
that it takes you away from Allah and
stuff like that for good reason because there
have been people who have who have,
been affected that way. But I really do
think that once we start to change the
narrative, and I started with my own self,
it wasn't easy, I remember just crying and
I told you right?
So it it's never easy,
especially when you come from that model of
the world, but I think that it's a
beautiful,
journey to embark on just seeing wealth as
it is, seeing the benefits, and seeing how
as a Muslim, Allah wants us to be
wealthy in order for us to deliver on
our on on the purpose that he created
us for.
I love that. I love that. And I
love the what you mentioned about our model
of the world being, you know, really such
a huge part of how we view money.
What about you, brother Nadeem? What have you
been seeing? What do you what have you
seen from the community?
Well, I see the same challenges
that human beings have kinda in general. Instead
of looking at what they consider money as
being something neutral,
we look at it as though it has
something behind it.
Right? Because the reality is if you're a
good person, money, good organization, money, that's gonna
help you further your message, do more good.
However, if you're bad or have negative intentions,
then that same money coming in will help
you do worse. So the challenge comes with
how we're schooled many times. I'm gonna talk
about that when I come really into mindset
because money is something that's neutral.
You know, it benefits
depending on the person and what's behind it,
and it also can harm. The challenge is
when it comes to us and really understanding
what Allah Ta'ala says when he says
when, we talked about the things that we're
gonna be asked about.
When 2 of those things are related to
money, how you gathered it
and also how you spent it. That's a
very, very serious topic. Alright? And until we're
all,
dealt with on that, you know, heavy day,
you know, and not until the last little
bit is already made of it. Then we
know some people won't have anything, and they'll
give it to Jenna without any questioning. So
it's tied to what we do with our
feelings about it in particular
are very important because those feelings could dictate
our behavior or the positive
or the negative.
Yes.
And I think that's so important. And, you
know, you you mentioned that phrase, you know,
that money is neutral.
And, of course, we have so much evidence
stacked up over the years, you know, in
our communities, in our cultures, in our in
our system, you know,
sayings, customs, traditions, all of these things that
make, you know, give money some kind of
energy of its own. You know? So I'm
really, really excited to kind of, you know,
just really sit back, relax, and not say
anything,
and just allow, you know, brother Nadir firstly
to talk to us, you know, about about
wealth, about money, about currency, etcetera. And, you
know, I'm ready to be in school. So
I'm gonna put my camera off. Sister Mary,
I can put yours off as well.
And, yeah. We're just gonna get our pens
and papers out. And guys,
yeah. Take notes. Brother Nadeep, please take it
away.
Inshallah.
Okay.
Again, for those of for those of you
I'm I'm standing up because I have better
energy,
that way, but I'm gonna be cognizant of
the time and everything. So if you have
something to write with, something I don't, please
take this information down.
One, the the goal of what I'm gonna
talk about is really on really helping
increase your financial IQ, your financial intelligence quotient.
It's extremely important. I started the journey a
little over 25 years ago. Thankfully, I had
I had some people that saw more in
me than I saw in myself. They started
directing me and giving me guidance and mentoring
me and so on on this topic of
money because I I just a little bit
about my background. I'm the oldest of 6
children.
Okay? And I came from poverty. My father,
you know, is black American. Mother's Puerto Rican.
So I usually joke a lot when I
say, and then in the US, you maybe
understand is that we came from mayonnaise sandwiches
or tortillas with butter. Alright? Those are the
the smallest things you could have, something to
kinda eat with. So we broke on sides.
My parents are married for about 7 years,
and they were always working. So I'm the
oldest trying to really hold stuff together. We
really didn't have money.
So,
you know, they didn't leave a blueprint. They
didn't, invest in us. They told us go
to school, get good grades, get a good
job. And I talked about where that fits,
but I really want you to understand
when you're talking about wealth
and we're talking about, monetization or or wealth
creation, it starts in your mind. There's a
famous quote by Benjamin Franklin.
He says, if you pour your purse
into your mind, your mind will turn back
around and pour it into your purse,
which means you have to invest in you.
So first, I wanna honor you and congratulate
you for investing
right now the most important commodity that you
have, which is time.
Alright? Which is time. So congratulations, number 1.
Now the first lesson is to know the
difference
between currency
and money.
They are not the same.
The it's very, very important. This again, example.
This is currency.
This is currency. This is US currency. You're
in the UK. You have different pounds and
colors and all that. Right? This is currency.
Nobody
goes and they try to find a ship
that has a whole bunch of currency that
floated to the bottom or, you know, there's
a ship with treasure on it, and they
go and try to bait it. No. Not
not at all.
Currency
is basically what's called government mandated money.
Now there's some dates and and things that
are very, very important that are critical for
you to understand,
especially at this time with this pandemic.
So couple of things, money,
money in Islam,
gold and silver that has intrinsic value in
and of itself. Now, for example, these bills
here,
it's about 4¢ to print. This is a
$100 US bill. This is a $20 US
bill. They cost about the same to print.
There's no intrinsic value in this at all
other than the paper, some of the bond
papers written on, some of the ink that's
used on it. However, in the Sharia, what's
important is as Muslims in this Islamic economic
system, which is the best thing out here,
which a lot of the central bankers are
scared of,
intrinsic value. That's this here, for example. You
know what I mean?
Demonstrating today. So
these are
these are my favorite. Right? These are
silver eagles, US silver eagles.
These are 1 short ounce of silver. Okay?
And right now, I think it's, like, 24,
$25 an ounce is considered. And this right
here
is a
US Gold Eagle, 1 tri ounce. Okay? The
intrinsic value of these
right now, this is almost $2,000 an ounce.
So it's a little over $1900
per ounce for gold and 24. Now if
you I wanted to spend this as a
currency,
it states on there on here, actually, that
one fine ounce of gold, $50.
So as currency, this is only worth $50,
and as currency, this is only the the
silver is only worth 1.
This is important to understand. After the creation
of the Federal Reserve Bank, and I'm not
gonna go into any type of different, conspiracies
or actually a lot of facts that go
along with it, but I'm I'm just gonna
give you some dates that are very important
to remember.
1914, creation of the Federal Reserve,
really changed a lot with our monetary system
across the world.
So remember that date? Well, not a specific
date, but the year, 1914.
1934,
US citizens were prohibited from taking
what used to be US dollars
redeemable.
So you can take this to a bank
because, obviously, you're not gonna you don't wanna
carry around a whole bunch of satchels and
bags and jugs and jars full of coins.
So you would be able to take this
exchange to make things easier. However, in 1934,
these no longer were redeemable to get gold
or silver from the banks. I don't know
about you, but when I was younger watching
cartoons in the eighties nineties,
eighties,
they see have cartoons or, like, Bugs Bunny
or something. They will go into a bank
vault, and the bank vault would have gold.
Now this bank vault is just cash. The
gold is where stuff used to be stored.
1934, that stopped for US citizens. What's important,
1944 ended the World War. And, again, I
know I've talked to a lot of my
brothers and sisters across the pond, in the
UK and different parts of the world. Well,
in 1944, there was something called the Bretton
Woods Agreement.
And I really want you to take notes
because each one of these
points are are so relevant right now. It's
ridiculous. But 1944,
World War 1 or World War 2, actually.
And come to the end of it, US
got in it. Nevertheless, Bretton Woods agreement said
that all of the rest of the world's
currencies,
which prior to this time, they had their
own markets and everything,
but it'd be pegged to US dollar. And
the US dollar for international central banks was
backed by
gold, which means any of these countries, I
don't care if you're talking about China, you're
talking about UK, France in particular, all these
places, they can redeem their US dollars for
gold.
So many ship their gold over here. We
have Fort Knox in different other places. So
that's 1944.
Now let's jump to 1971,
because what does every government do? They overspend.
They overextend themselves. They wanna expand for empire,
fund all kind of things. It is what
it is. I mean, we can go back
to the first currency crash of Athens back
5,000,
5000 years ago.
So what does that have to do with
today? 1971, Richard Nixon after France was like,
hey. US is putting a whole bunch of
money fund fund this Vietnam War and this
Korean War. They can't be having
enough of this, and he was right. They
you know, France was right.
We were overprinting, overextending. So what Richard Nixon
did
was
he canceled
the redeemability
of dollars from foreign central banks and gold
similar to what he did US citizens.
So the first time in the history of
the planet, in our recorded history,
the entire world is currently on fiat currency.
Fiat currency means it's government mandated money. Not
really money. We call it money, but it's
not really money. Again, it has no intrinsic
value. They can print up as much as
they want to as the US just printed
up over 6,000,000,000,000
since March with this pandemic.
And if you know anything about basic economics,
you already know when you print that up,
these same amount of dollars are chasing the
same amount of goods and services, which means
inflation should be rampant, and it's coming.
It's absolutely coming. So
don't say all that scared you. We just
need to know the difference and how to
process today. The average
fiat currency
last 27 years.
27.
1971
is when the entire world went on Fiat,
which is so important. It's not for rich
stuff. This is real money. Again, you have
money. They come in tools and stuff like
that,
or
you have currency. They are not the same.
Check out Zimbabwe.
That's the first lesson because that will lead
you to hours of of studying. I'm also
gonna give you some resources as well.
One book I I suggest you
get for free. Download for free. You go
to goldsilver.com.
You can get this book called get your
guide to investing in gold and silver. It's
gonna help you understand what money is versus
currency. It also help you with wealth cycles.
The author of the book is named Mike
Maloney.
Mike Maloney. And I suggest you go on
YouTube, look up his video called wealth cycles,
because by 70, 80 years, there are different
cycles that are going on. In monetary cycles,
every 30 to 40, and we're in that
range right now.
So
without going into the whole pandemic and what
happened
back in September 2019, let's move on. Talk
about the feds, and I have some notes
just in front of me so we're on
the same page. Now 27 years, we've been
19 90 8, so we're 22 years past
due from this going to 0 or this
monetary system changing.
Whether you're talking about digital or whatnot, totally
up to you. So let's get busy and
talk about
entrepreneurship and what's important.
Three types of business classes. Now I'm talking
about entrepreneurship
because I was told go to school, get
your grades, get a good job.
Right? And that used to be good information
at the beginning of the industrial age. You
can go work for a company, work for
a few decades, retire with a gold watch
or something, get a pension, and they pay
you. Right? Now it's a 401 k that
gets exploited by Wall Street bankers or whatnot.
The challenge is, are you in control?
There are 3 different plans that I suggest
everybody have.
One, you need the secure plan. The secure
plan is this is what's coming. This will
take care of my bills. On on the
lowest
level, this is where I can take care
of myself and my family. That's a secure
plan.
Okay? That means I'm not homeless. I'm not
living it up at all, but I'm not
homeless, but I have my basic needs and
things covered. So I have someone to sleep.
I have some food to eat. I have
some basic things. That's a secure plan.
The next plan is the comfortable plan.
Comfortable plan is, okay, I have my basic
needs covered, but on top of that, also,
maybe I can go eat go out to
eat once in a while, whether it's COVID
times or not, or order in
nowadays or have other entertainment or spend some
time to do some travel or whatnot. That's
a comfortable plan. And then there's the rich
plan.
Now what's important, at least for me, my
background? Who am I to say all of
this stuff? Well, I have a good enough
diploma. It's called a GED. I went to
school,
Christian, Christian grade school, Christian high school up
to 10th grade, got kicked out of school,
had been left out of Islam about 16,
17 years old.
Had a number of different mentors, a lot
of different life situations happened, but but one
of the things I always know, I want
to be an entrepreneur.
My great uncle is one of the first
who really inspired me. What he did is,
if, you know, the history of American slavery
history,
here is the epitome
of, white supremacy and how they built this
nation. There's a really good book called the
the half has never been told by Ed
Batchess that really go into the trillions that
were made and what caused the United States
to really rise to be the superpower
that it become so much so that they
could peg the rest of the world's currencies
to its own US dollar, which, again, is
still, ruling right now despite, like, the Greek
nations,
Brazil, Russia, India,
China
going in trading within their own country. You
know, this whole thing about the petrodollar
and being able to trade oil, which you
have to pay US dollars or a Visa
and you have to go through US banks,
that is very, very enriching for us. Because
one of the things we do as United
States is we deport
our
inflation quite a bit, whether it be down
in Venezuela or throughout the Muslim world. It
happens all the time. But if we don't
notice difference between money and currency, we get
jacked. One of the amazing things is as
I was studying more about it in the,
the fall of the Islamic state or the
Khalifa back in, 1924,
but there are a group or a number
of different that we're talking about is a
cap.
And how do we pay as a cap
on something that doesn't really have intrinsic values?
There was a whole differing of opinions. It
really doesn't exist right now, but but whether
or not it's applicable on,
currency
versus actual dollars. Really, really interesting when it
comes to studying again the history of money,
but then you see the wisdom,
of this interest
prohibition
in Islam
and the money actually having value. So things
like that are going on right now with
this house of cards wouldn't affect this. So
let's get back. So my history, GED, got
kicked out of school. But back in 1996,
I was introduced to personal development leadership and
started studying money.
So what I will tell you is this.
If you're looking just for some quick strategies,
those are easy to find,
which you can get take advantage of a
lot of times. Many times, they're scams. But
when you increase your financial IQ,
then you are able to discern
what's good, what isn't, whether you're looking at
crypto, when's a good time to invest in
the stock market if you're into that, what's
a good piece of real estate internationally,
locally? What's a good knowledge commerce business and
how to effectively make it marketed? How to
delegate delegate intelligently because you've increased your financial
IQ? That's the most important piece. If you're
looking just for do this, this, this, and
that, that'd be foolish of me because I
wouldn't be concerned about you. So here are
some resources
and books that I read, for example, just
to get you started on a journey, and
I love books.
I mean, you know, the first revelation was
a good prophecy that I'm gonna have to
call. I wasn't just talking about
go and read financial books, but I remember
Abdul Abdul Mubarak or I remember
I remember the companion's name.
So somebody could remind me the comments.
He was
a, and he was asked
I forgot who was asked. The whole story,
he was like, pointing to the suk. That's
that's his important thing. He came back. Well,
the I I don't remember who it is.
I'm sure you would know, but to al
Rahmani. Nevertheless, this is one of the first
books I read, and it's and if you
have children, because I'm one of the cofounders
of our outstanding partnership relationship, these are more
Ohio's coach and island coach.
If you have children, then you probably have
some books that are jacked up like this.
Like, I don't know what happened to the
front of this book, but it's called Think
and Grow Rich, the original Think and Grow
Rich. This one was written
back
in the thirties.
So it has some weird English, and I
know I'm in the US, and and you
probably say I speak with a weird accent
anyway.
But it's written in the thirties.
I suggest you get this book.
There's an entire chapter in here on the
prophet
dealing with persistence.
Yeah. In the 19 thirties, it's a book
talking about thinking, grow rich. It's not go
to school, get your grades, get a job,
and grow rich. This book was a accumulation,
amalgamation of 25 years of interviews of the
wealthiest people on the planet at that time.
Okay? So we're talking about,
Andrew Carnegie, one of the first billionaires, commissioned
Napoleon Hill to interview a bunch of his
friends and other wealthy individuals. So he did.
He boiled the book down to 13 principles
to grow rich,
and it starts with thinking. So thinking and
growing rich. I suggest that. Read this, you
know, every couple years at least, have your
children on it. Again, all of these things
matter because this is about education and not
schooling.
Now I remember a quote that, Mark Twain
said, never let schooling
interfere with your education.
Alright. This is one of the first, and
I'm gonna kinda go through them quickly and
then talk about actually some strategy. And I'm
paying attention to time, actually. I'm gonna speak
a little fast. I'll slow down for you
a little bit because I know I can
go.
Alright. What I'm currently reading,
Entrepreneur's Solution
by Mel Abraham.
He's mentored by one of my mentors, Grit,
Anton of Duckworth.
Now you might like audiobooks.
I prefer physical books. I like these, but
I also listen to audiobooks too because I
also travel a lot.
These are just a a few of the
books in in one of my libraries. Start
your own corporation. You're a sudden attorney. Own
your own corporation. Guide to Investing Gold and
Silver. Again, you could you need to download
this book. This book, Guide to Investing Gold
and Silver,
wealth of information and knowledge, and you can
get it free. Download that at goldandsilver.com.
High performance habits, guide to invest in. Robert
Kiyosaki is super dope.
After thinking, go rich, I will suggest having
this is the next book. Not this.
Rich dad, poor dad.
As the next book. You might be like,
you know, I came on here so I
can get some information on how I can
do a wealth. I'm giving it to you
now.
We're laying the foundation now. Your foundation is
shaky. Doesn't matter what type of business, what
type of ventures or investing you get into.
It's likely
gonna depend on someone else if you can't
stand on your own. So rich dad, poor
dad. Of course, I was talking about rich
kid. Smart kid. I mean, having 10 biological
children and 2 bonus children, you kinda need
to know this stuff. Right?
On top of that,
21 year for the laws of leadership. This
is the workbook that I go through and
train brothers on every weekend and train my
family on as well. The 21 year for
the laws of leadership.
Why?
Not only is it about thinking, it's about
leading, leading ourselves first, being motivated enough to
move forward.
Me, for example. When I talk about a
secure plan, a secure plan makes sure that
there's money coming in. There's currency coming in
enough to take care of all the bills
and have stuff over your head. Now here's
the challenge. We also have to question how
we as Muslims,
define wealth
define wealth. People talk about They're wealthy, and
they and we talk about rich, and we
only you know, usually, I think about finances.
That is very, very limiting. When people ask
me, they say, okay. Well, you know, you
practice polygyny. My coach passed, and I've been
married 25 years. So 15 years of monoclonal,
and then 10 years in polygyny. And they
ask the question, well, do you have to
be rich? And I'm like, yeah. Absolutely.
Now do you have to be financially rich?
No. You don't necessarily have to be. But
emotionally, leadership wise, being able to handle things,
yes. You do need to be rich. We
have to watch how we define words.
So this is what I consider being wealthy.
Wealthy is that you have enough income
coming in
without you working for it so that should
you lose your job, if you have a
job, which is okay. You know, you have
a job. Should you lose your job, but
now you have assets that are pouring into
you, you're winning. You're wealthy.
See, wealth doesn't have much to do with
how much more as it does with the
length of time.
So are you 6 months wealthy? Do you
have 6 months worth of expenses Should everything
shut down like it did in the springtime,
for example, this pandemic?
Did you have enough to pay your expenses
for the next 6 months or worry about
being homeless or having food or being prep
you know, so how wealthy are you? Are
you wealthy just enough to the next check
on a job?
Because now these books and these things that
you're learning that raise your financial IQ help
you do better
help you do better. I'm gonna go through
just a few more of these. These are
really good.
Tipping point, understand different trends and look.
It's not about how much you make. It's
how much you keep. So that book is
$3.
Okay? $3. Now it's a $15 book. It's
worth much more than that, but the tipping
point by Malcolm Gladwell, $3.
Teaching your children to get inspired,
millionaire.
Millionaire at 14 years old.
Millionaire success habits, Dean Graziosi,
philosophy, just Jeff Olson. I'll go through 1
more books, but I'm gonna let me see.
Nothing else in particular.
They're good,
but nothing else in particular. I think you
got the
point. I really think you have one. I
pray you get the point. It's about continuing
education and investing in yourself. Once you know
the difference between currency and money, you can
use your currency to buy some money.
That's used more as a hedge or an
insurance as
the dollar goes back to what its intrinsic
value is 0, this grows.
See, this gold coin right here,
this is not worth
technically, it's not worth it didn't go up
in price or up in worth or become
more scarce.
We're now it's worth almost $2,000 an ounce.
No. I didn't. What happens is the dollar's
buying power flatlined
so that it continues this continues to go
up. Real money always wins.
Gold and silver always wins for the last
5000 years since the first, you know, currency
crash back in Athens.
So
if you go to another resource, which is
huge, there's 10 different 10 or 11 different
videos in the series even including different cryptocurrencies.
It's called the hidden secrets of money. My
Mike Maloney, again, one of my favorite, authors
and trainers, but Mike Maloney goes into it.
The hidden secrets
of money. So you really understand what I'm
talking about when I'm talking about currency crashes
and and different challenges. My main thing, secure
is number 1. That's the first part.
Second thing is being comfortable.
That's 3 different type of business or asset
classes.
But now I have to ask you, and
it's hard to ask you because I'm speaking,
and I had to go into the q
and a, but what is an asset? What's
the best way to really define what an
asset is?
As you increase your financial intelligence, you have
to be able to read.
Alright. You have to be able to read.
Read the numbers is what I'm talking
about. So what is an asset? What is
a liability?
Because there are basically 4 quadrants that we
give. You have income, so that whether that's
for a job or business or what have
you, then you have expenses.
Those are bills.
Some of them you could pay off whether
it's, like, home mortgage or a car or
whatever. Then there's stuff that you don't pay
off like taxes
and other stuff, grocery and stuff like that.
Alright? That's an ongoing expenses that you have.
Then there are assets and there are liabilities.
So when I ask people, like, you know,
what's your what's your biggest asset that you
have? Most times they come out and say,
hey.
That's my house. House is an asset because
the banker tells you it's an asset.
But in reality, most people's houses are liabilities.
Let me help you define that.
An asset
is something that puts currency in your pocket.
A liability is something that takes it from
your pocket.
So if you have a house that you're
living in,
you're not ringing out.
You're paying taxes on it minimally even if
you own it fully. It's a liability. It's
a good liability. You need that. You should
have that. Right? But now if you have
a house, piece of real estate that you're
renting out, whether it's to a business or
an individual for residents or whatnot,
it's putting money in your pocket. Whatever bills
and things are paid or expenses on that
particular property, for example, is paid off by
the those tenants.
That's a lot that's a liability, those expenses,
but the money coming in from the tenant,
and, again, I'm using money and currency interchangeably,
pays for that. So now you have some
passive income coming in. Again, this is so
important. There's 4 things. You have income, expenses,
assets, liabilities. We must know what each of
them are. Usually, you know what income is.
Many people work a job, taxes get taken
out, get that coming in. Alright. You have
business, that coming in as well. But, again,
those are assets. Your assets provide income.
Your income pays your expenses.
So by that, you could determine your wealth.
Are you wealthy for 2 weeks?
Are you 2 years wealthy?
Are you 20 years wealthy? And, of course,
things change, and markets change, and cycles change.
But I want to challenge you
in how you think,
because out of the comfortable plan, the next
one is the rich plan. I mean, I'm
not gonna talk too much about that one,
but I will talk about another asset class.
You have businesses.
Business is an asset class. That should put
money in your pocket. Of course, it'll cost
you. Yes. There's expenses, but there's all profit
and loss statement sheets and stuff. I don't
wanna get too technical, but they're businesses. But
the more you learn about businesses, you recognize
there's 3 different types. In general, of course,
you got real estate. You have traditional business
where either or 3 different types of systems
of business, I should say. That's franchises. Somebody
else put a system together, you can buy
that type of system, follow the things that
they say,
try to work it like clockwork. You can
use your own intellectual property. Use that information.
You you develop it. You build it. You
create it. I give you an example of
that. Back in 2012,
my first book was Muslims parenting on purpose.
Alright. My my wife and I were the
the, the cofounders of outstanding Muslim parents. And
at that time, I think I had 7
or 8 children at the time, and now,
again, it's 10.
Biological with my 2 boneless babies, but so
I wrote a book.
It was intellectual property. I had an idea
to go ahead and do something I was
good at.
And and the reason I was good at
it, people kept asking about it. They're like,
yo, we see your children behave this fashion.
They do this. We see you know, they
get up. You you pray, and you do
all kinds of stuff that your children didn't
do, and I was really lucky in that.
First of all, I had so many people
asking, and I had people's children that were
totally abandoned the dean and all that. And
I'm like, you know what? Let's get into
it. So I had a framework that I
used in my family that I learned from
a lot of the business stuff in investment,
a lot of the home business training and
different things. Right?
So we're looking, and from the book developed
an entire course, went to Egypt, Huda TV,
and utilized
though that same framework to create a program.
We did 30 episodes,
so we created a,
a 6 6 DVD,
program, and it's still up. You go to
outstanding Muslim appearance dot com. That's the type
of business that I love. That's a digital
business, a knowledge commerce business. That business will
work for you no matter where you are
in the world, so no geographic restrictions.
But at the same time,
at the same exact time, it has money
coming in. It has currency coming in from
all over the world. You're not limited to
a brick and mortar place, so the margins
are high.
It may have it takes for this book,
for example,
it's about maybe $3
for me to get the book. The book
sells for 17.95.
So whether it's on Amazon or Barnes and
Noble, your local bookstore, physical copies, you can
get the book. But the spread is in
there that also pushes to the website, which
has other,
tools and resources for people to buy.
Now I'm not,
slide pitching you that. You know, if you
have it, you wanna check it out. It's
fine. But I wanna share with you that's
a business. That's an asset. I also have
a rental property, for example. There's a tenant.
She pays on a monthly basis through she
pays through her app and stuff like that
and stuff is handled. The thing is the
spread with the digital business is a lot
larger. We need a profit margin is a
lot larger than over there because there's there's
repairs that need to be done, things that
might go wrong, so on and so forth.
She may not pay, and it might be
court fees and costs.
So you have to weigh which one, but
those are 2 different types of assets or
businesses.
Now there's a basic quadrant that Kiyosaki
talks about.
He talks about e s b I, e
for employee,
s for small business or special specialists,
the b is for big business owner, and
the I is for investor. And these are
the 4 ways to really get income. No
one is necessarily better than the other. It
just depends on what your personal goals are.
For me, I didn't want to be poor.
There's a penalty in poverty for being poor.
Alright? Now poor more as an acronym
stands for passing over opportunities repeatedly
passing over opportunities repeatedly.
Now my great uncle who inspired me, for
example, he was illiterate till he was in
his mid thirties. He came from down south
with a great migration in the US
and came to the Midwest,
and he started a watermelon business that he
had, a watermelon farm down south. He started
water watermelon business in the Midwest. So he
would go from May
every year on Memorial Day in the US
to Labor Day, which is September every year,
and literally make a multiple six figure cash
income,
multiple six figures, and utilize that to buy
real estate. He couldn't read and write, he
told me, until he's in his thirties, but
he told me he can count cash.
I was inspired by that because I'm like,
I didn't have any extra education. My parents
didn't have money to send me to school.
I wasn't too interested in it. It was
really white supremacist based. They looked down on
you, all kinds of stuff. But I know
that being an entrepreneur,
you can hire the a students and the
b students to run your company for you.
They're looking for the security. See, in the
US, we have something called security. If you're
looking to get fed every single day, if
you wanna have room and board and not
have to deal with it and have maximum
security, there's a place that has maximum security.
It's called prison.
It's called prison. So many times you might
see the lions and the tigers and the
bears in cages or something in the circus.
They have maximum security. They have to worry
about where their food is coming from. You
don't have to worry about being housed. None
of that type of stuff. They're the resource.
But then you have the ones in the
wild who are free
with no guarantees.
See, being an entrepreneur or business person may
be lonely sometime. You might not get the
pats on your back because you started a
business.
But if you get a degree, oh, I
have this extra debt, you might get the
pat on your back. You might get the
celebration,
but then recognize it may not necessarily be
worth much, especially during the pandemic. But he
has the skills, whether you're electrician or a
mechanic or something like that. He's to simply
easily turn to businesses.
So I don't wanna look down on any
business,
but where are you in that quadrant? Are
you an employee? Are you a small business
owner, a specialist like a lawyer or, you
know, something like that, or are you a
big business owner? Big business owner means that
you can take your business,
run it, walk away from it, and then
continue to grow while you're not there. So
even though I'm not actively pursuing much stuff
in outstanding Muslim parents, people are still going.
They're still opting in. They're still part of
the systems. All this stuff is still online
and still making purchases without me having to
be there doing anything new.
1 one of my mentors told me,
be temporarily motivated to be permanently lazy.
Now I don't subscribe to philosophy. This is
what he was saying. If you make something,
design it, do it very well, one time
that could help a lot of people, and
you pay for it over and over and
over.
And the prophet let us know that Allah
is the one who benefits he said the
best person is the one who benefits the
most people.
We have an opportunity and time. In this
age right now, I'm standing up in my
living room
talking to the world on different platforms
across the the planet for very little cost.
We have a our very unique opportunity right
now in the digital marketing space, an Internet
marketing space to empower people, to equip people
as long as we're willing to invest in
ourselves.
I wasn't the public speaker guy. My mentor
was like, look, Nadia. You need to get
in front of the room. You have a
success in this business. Your team needs to
see you there. I was nervous. I was
like, man, I'm doing good right here.
He kinda forced me to do it. I'm
light skinned. I turned a little red and
pink. It was wintertime. I had this, you
know, the melanin in my skin I can
eat it to at the time. I was
nervous, but he saw more of me and
he stretched me.
And he told me it's okay to copycat
as long as you copy the right cat.
And I'm like, hold on a second. I'm
Muslim.
We need this team. We should be leading
this.
We should be growing this. We should be
examples. So I I had to go and
grow in order to take excuses away from
other people
in order to do that.
So with that being said, I'm gonna pause.
Just I'll pause for a second. I know
yeah. Well, what are we about?
Okay. Cool. I mean, I'm making some pretty
good time. I'll pause in case you have
any questions right here, and I need to
turn something down in case it's affecting
the audio.
Any questions,
ladies and gentlemen, brothers and sisters? If you
have any questions, then please type them in
the chat.
Real quick. Rashida says, isn't even the gold
and silver only worth what someone will pay
for? And this essence, like, diamonds? Yes and
no. Yes and no. Money has 6 specific
qualities, and a couple of these are very
important to understand.
So back in the day,
as in, like, 1,000 or so years ago,
they would have scales, and you would actually
have to measure
different things out. Today, this is divisible
and is fungible, and it lasts over a
long period of time. So now one ounce
here, a one ounce of gold is another
ounce of gold. You can weigh that. Or
give a half ounce or a ounce of
silver, and now you can calculate stuff relatively
quick. With diamonds, there's no standard,
weight and things with that. So you have
to continue with that old scale of measuring
and everything by weights, which, again, is kind
of like a technological breakthrough with the way
we can mint things right now. Now, of
course, anything is worth what somebody else is
willing to pay for.
But here's the thing. It's something about a
lot of other let's us know in Quran
to some notes. He says,
you put the love of women, and you
all talk also talking in in I AM
talks about why you put the love of
women and children and gold and silver and
so on and list a few other things
in men. He put these things in us.
Right? Well, there's something about this little flashy
gold medal
that we really like
that we really like. Are we gonna trade
it for
pieces
of paper?
Some people? Yeah. Of course. I mean, you
won't you'll buy it right now, and that
piece piece of paper has value, which is
only backed by the full faith in credit.
Credit, debt,
credit of the people.
But what's important is to know
this for the last 5000 years, gold and
silver
has won against every single currency.
So when you trade something, you wanna look
at the intrinsic value, whether it's a barrel
of of oil,
whether it's a house. How many things of
this can buy a house?
That's the best way to measure. Measure something
with value
to a house versus, like, in dollars or
anything else. So even using a dollars' point
is because next year, maybe $3,000 or some
people are dictating that by December of this
year. Those would be 3,000 an ounce. Not
that it went up 4,000, just the dollar
continues to crash until it's going to eventually
this whole entire system that's pegged to that
US dollar is going to crash. There's, like,
no doubt about it historically speaking. The further
you can see into the past
is also the further you can see into
the future. This stuff is predictable, and it
goes on cycles, which is why I put
some information out there. But,
indeed. So
I have a question.
About the books.
I can list the books and send the
list. That's that's not a problem. We can
put it in the Facebook group and send
it to you. Getting a bunch of them.
I'll suggest where to start and where I
have my children start, for example.
Rich Dad Poor Dad. That's the first one
to get. If you really wanna speed up
your learning, you wanna get the game. It's
a board game called cash flow 101, the
original one. They had a remake. I don't
like to remake. But cash flow 101, you'll
learn more playing after 3 hours
than in any college courses. That's a really,
really good,
place to start there.
I have a question, brother. Yes, ma'am. I
just want to know a couple of things.
1, and maybe you touched on this, the
difference between assets and liabilities.
Maybe you touched on it. If not, if
you could just break that down,
and also the about what about
cryptocurrency?
Is cryptocurrency
basically going to be like the US dollar,
or is it more like gold and silver?
And what are your thoughts on it?
Okay. Good stuff. I'm glad you asked. Alright.
The first question, assets and liabilities.
The easiest way again to understand it, the
asset
puts currency or money in your pocket,
a liability takes it out.
So let's say I go get a brand
new BMW, Benz, whatever type of car that
you like. Is it an asset or liability?
In general, I'm getting it. If I'm getting
it from myself to drive, it's a liability,
and you already lose
1,000 of dollars or pounds or whatever currency
you're in as soon as you drive off
the lot. It's a liability.
You're constantly putting into it. I'll give it
a brand new Tesla. You might not be
putting
fuel into it, but you're recharging it. It's
still a liability. It's taking from versus adding
to. Now how can that vehicle
be an asset? It has to put cash
in your pocket. Right? So what if that's
part of a fleet for your business or,
ride sharing or something, where now it's paying
for itself or other people are paying to
utilize that, or it's being used and you
paint it all up to promote your business
and stuff like that, and it brings in
more business. Again, it comes to here. This
is one of the things about taxes.
See,
an employee gets taxed first. So when you
get a paycheck, all their taxes and deductions
are taken out first, and you're left with
the rest. The government knows why.
They know why.
Because if you were required to give it
to us all after you got your check,
there'd be a big uproar.
I mean, in the US right now, I
mean, 20, 30 tax 20, 30 percent of
stuff is going right to tax. It's going
to the government as though they were in
on your job with you. It is what
it is. It's it's it's obligatory here. Alright?
It's for those who have a job, if
you will. Right?
But businesses,
you get to deduct the expenses and everything
that are related to that first and pay
taxes on the profits on what's left.
Alright? So now you can pay your children.
The deduction in the US will 10,000
a year per child. You can do all
that and pay all of them tax free
and deduct that from your expenses.
So the tax code is written for the
wealthy.
Alright. It's written for the wealthy. It's very
important to understand it. Now, again, assets put
money in your pocket or put currency in
your pocket. Liabilities take it from.
So when you wanna just go out to
eat and do that, again, there's not anything
necessarily wrong with it. You we just need,
as adults, to be able to discern what's
an asset and a liability so that we're
seeing where our stuff is going and flowing
to.
Now talking about crypto
and whether that is gonna become a new
dollar or, you know, replace the system,
I I like crypto
in general. I like the idea and everything
behind it.
While the dollar is softening right now and
while the world,
Fiat currency enough softening,
Bitcoin in particular is hardening.
It's already just had a
that just happened a few months ago, so
it's becoming more and more scarce. There's only
21,
1,000,000 Bitcoins that are gonna be in existence,
and there's even less and less being mined
right now. So that means it's getting harder.
So, what was that? Satoshi, that's that's no.
Naruto, no. Something. Sasha to whatever his name
is. Who started Bitcoin or whatever crew that
was and everything behind it already solved the
system and really created a response to the
2,007,
2008, 2009 crash
that occurred.
So
being deregulated, decentralized, you can move things back
and forth, but, of course, there's a lot
of regulation trying to do stuff in US
dollars coming in with it, trying to make
it official and mandatory even for this next
stimulus package, which is scary.
Before this is pretty much reported that the
government already has it in play where January
1st
or November 30th, I think, that if you
wanna get this next stimulus,
that you're gonna have to have your wallet
and stuff for the government and your rest
of it is crazy. But
it's another asset class. Now in the hidden
secrets of money, I think it's it's the,
maybe the 9th or 10th episode. It's the
longest episode. So it goes into a blockchain
exactly what it is. But if we're looking
at something to replace with transactions or something
called Hashgraph,
that's really on a different level technologically. It's
a lot faster. It's more,
resilient.
But if you're looking at cryptocurrencies and who
has the market right now is Bitcoin. I
think there's about 11,400,
a coin right now
as a store value,
you know, to store some of your currency
there as a protection for it because it
can move pretty much anywhere in the world.
Now whether or not you think it's halal
or or whatever, you can go ahead and
research and, you know, find out a little
bit more from someone who's qualified in the
area of economics, which is very important to
understand.
But then some of them are are chunky.
You got the whole some of the stuff
that's coming out and just jumping up and
down, and I don't wanna get too technical
with this stuff. But once you get your
financial IQ up, go through the hidden secrets
of money, you talk about wealth cycles,
really start to look at the basics and
the foundation of it because there are a
lot of solutions that are in it. Not
all, but there are a lot of solutions
that are in it. And then at the
same time, with real money, with gold and
silver, you ain't losing there. That's the safest
bet, if you will, to protect or hinge
or have an insurance on it. And though
it's not technically an asset,
it protects your stuff. So if the market
crashes,
you're good. You have gold and silver. That's
likely gonna skyrocket based upon what history has
shown us for the last several 1000 years.
Is it fast? Is it like real estate?
We have currency coming every single month or
some people borrow against that. No. It's not.
It's not a cash flowing asset. Gold and
silver just sits there. The The crazy part
is that 80% of the gold has ever
been har harnessed so far as we know,
historically speaking, is still in existence.
Alright. Gold is mainly used either for, like,
money, decoration, and jewelry.
That's it. That's when you have any viable
uses outside of that. The challenge is silver,
though.
Silver right now is more rare than gold.
And check this with the US geological,
survey and everything, but silver is actually more
rare than gold. Silver is an industrial metal.
On every single one of these devices, my
laptop right here, phone over here, tablet, and
then the camera, In every single one of
these devices, including this microphone,
there's some silver in it. So there's silver
that we're never going to get back,
and silver is an industrial metal.
So in the wires outside, in our electricity,
out in our vehicles, we have bits and
bits and silver. So that's a deteriorating
metal. It's an industrial metal.
So that's why a lot of my, mentors
say, you know, we buy 500 ounces of
silver for 1 ounce of gold that we
get.
Now when you travel internationally, it's amazing because
you have to declare when you're leaving the
US or coming in whether or not you're
leaving with over $10,000
US currency.
So 10,000
cash.
But if you have
5 of these,
right, 5 of these, you know, 5 ounces
that you can have in your pocket, like,
we're in a pocket change. Anywhere in the
world, you can convert that to its equivalent
in whatever currency currency
that you're
in. That's money.
That's very important. Similarly, that's how crypto can
operate, but you still have to deal right
now at least with third party banks to
convert that into something that could be functionally
used unless you're dealing with different retailers and
individuals that can take that. So I hope
they help with that part, sis. I'm a
break right now because there's gonna be questions
to answers, and I also wanna get to
the sister's portion as well.
Unless you have any other particular questions right
now, I wanna be There's a question in
the chat. There's a question in the chat.
In other words, you can see it from
Hadija.
Oh, in the chat, you said. I'm sorry.
I was looking at the q and a
part. Give me a
second.
I can read it.
With the technological advances we're seeing,
will the concept of a 9 to 5
job eventually become a thing of the past?
Do you have any tips or strategies to
prepare for the
technological advances
and the changes that will eventually come with
it?
That's a very session. It's another hour long
session. Right? No. No. That's a very good
question. Now there's 2 books I'll suggest for
this. It's funny because I'm, like, getting prescriptions
of books out when I mentor, people.
But one is who moved my cheese? You
can the kids love that book too. You
can read that in basically 45 minutes. It's
called who moved my cheese.
Okay?
And it's really talking about adaptability
into markets. That's what you're asking right now.
It's on my 9 to 5 job. I
think right now, the pandemic has already let
us know. The second book is the 4
hour work week,
reading on lifestyle design.
I think who was it? I don't know
if it was,
Apple or Google or one of the big
tech companies just decided that
their place could work from home forever. They're
not gonna necessarily have to come back. So
commercial real estate may be suffering in in
different parts because even the mall like the
Mall of America right now is is back
a few
$1,000,000,000
on their monthly lease.
They can't pay their lease. The Mall of
America, the biggest mall in the United States
and Minnesota can't pay their lease. It's commercial.
They have a few $1,000,000,000 in the hole,
right, right now as we speak. Crazy.
But whether or not you're gonna have to
go back, you have to ask yourself,
what is the world looking like?
Are you receiving more Amazon packages?
Do you do you do you get packages,
like, every day from Amazon or check on
your stuff? You'd rather do that than go
into a store?
You know what I'm saying? Are we streaming
now? More to watch something instead of going
to movies, again, pre COVID because you not
not many people are going anywhere to movies
or gathering places like that. But what are
the suggestions? Here's my suggestion. This is what
we've done. We did it a little before.
I got online,
in 2010.
I was doing something called Muslim money, man.
I found my gold and silver. We were
talking about investing in real estate. We were
talking about, network marketing and other opportunities for
people to have an alternative to their 9
to 5 jobs.
Alright. What we do is enterprising.
That's a different level of business.
Alright? So what I'm doing as an example,
you see this here. So we have outstanding
Muslim parents. I've talked about the course there.
I have outstanding personal relationships. Well, outstanding personal
relationships, we teach about relationships. We talk about
marriage. We talk about parenting. We talk about
polygyny.
We talk about a bunch of different things
more wise than that. Right? So we teach
and we train on this. We have online
courses.
So one of our courses is relationship mastery
inner circle. It's $77
a month. And, again, I'm not selling it,
but I'm giving you an example. $77 a
month. It empowers people to have workbooks, they
have downloads,
they have audios. They have direct access to
us. It's a very, very detailed, deep thing
to go into relationships. We have 100 of
hours of free stuff too. So our goal
is to help over 1,000
families
on a monthly basis benefit from it, go
deep, and change themselves
into,
more happy, fulfilled human beings.
Because the more happy, fulfilled they are, their
families are better. The first thing that we
know from creation was a man and a
woman. That was the first family. Not the
kids, not the parents. Your first thing was
a man and a woman.
Okay? So we're teaching we're going on a
now we're going from our experiences, from what
we learn, from what we train, the tens
of 1,000 that we spent investing in ourselves,
going to different seminars, getting coaching, and all
of these things to invest in me because
the real true asset is yourself.
Has
given you all these different things out there.
We have to utilize it and grow. So
if I'm the asset, basically, what's happening on
my job is I'm being rented.
My job is renting me. But should something
happen to me, I'm easily replaceable by the
next person.
So why am I gonna sell myself,
retail for that in hopes that I'm a
part of somebody else's plan? A mentor said
a long time ago, if you fail to
plan, you plan to fail, and we know
that. That's a universal maxim.
If you fail to plan, you plan to
fail.
So what we did is we dove into
the the digital
online market because we did it. We were
getting asked questions about our relationship with polygyny
and how we are able to really get
over these humps and struggles and challenges, and
we're already entrepreneurs.
So we're like, you know what? Let's go
ahead and do this, help people put a
system together so they could benefit. So my
wives last week, for example, they did a,
successful a 5 day successful marriage challenge.
So they did that. It was $25.
You know what I'm saying? They had a
few dozen people register. They had all kinds
of stuff. They helped them, and they got
paid from it. Then they have a a
course called true queens that deals with women
and etiquettes and how to treat your husband
and how to get closer and all this
stuff and also polygamy.
So that's another course. I'm doing a challenge
next week. I haven't even announced it to
anybody, so I might as well be first.
I'm doing a course next week. It's the
5 day challenge, successful marriage challenge from a
king's perspective.
Alright. So now it's the male perspective that
I'm gonna be going over, and I have
a course called kings and kingdoms.
So that's a course. It's flat. It's a
5 week course and everything else. What I'm
doing is taking some information and knowledge that
I've learned and empowering, equipping other people with
it
and helping them along the way. Now what
I mean by enterprising is that's just outstanding
personal relationships. This is outstanding wealth appearance. Also,
that is digital. We're finishing up a book
called Let's Talk Polygyny from each of our
perspectives.
There isn't one out there yet. There's a
great
polygyny and Islam book by Bilal Phillips and
our sister, Jamina Jones, that people are scared
of when they see it. And if you
had this in your house, you might have
had arguments about it, or the cousin might
put on the bookshelf backwards so it looked
like that.
This book is only 90
93 pages. It has a wealth of information.
Our book is looking looking to be almost
300,
and it's going to empower people. Right?
So what I'm saying, if you're working 9
to 5 on your job, be willing to
work 5 to 9 on your fortune,
on your passion, on helping other people. Again,
a lot to obviously, the peep the proper
exception to let us know the people the
most, loved by a lot are the ones
who are the most beneficial to others. Look
at how sister Naima and the whole team
put this whole black Muslim family festival together.
This black Muslim renaissance
across the planet. How many how much block?
How much is this weighing on your scales?
So you have a story in you. You
have a challenge you've overcome, or let's say
you don't even. Let's say you don't. There's
3 type of experts. Let me find this
book that first talked about.
Napoleon Hill wrote this book, Think You Grow
Rich, bestseller, over 70 or 8 over 80
years ago now. Almost a 100, like, 90
years ago.
Right?
He didn't do anything special. He interviewed
he interviewed
the wealthy 500 wealthiest people on the planet.
Put it in a book because people wanna
learn it.
Right?
Because you interview people.
You see podcasts where people are getting interviewed,
you see course, all these things. Is there
something? Is there an area, a niche? Some
you know, people that you like to help
that there's you know, they can really use
help with.
If so, I would suggest, again,
finding out how to and I help people
do that, but the you know, it's important.
The more you increase your financial IQ, the
more you can fill the need in the
marketplace. So if you're looking for the rich
plan, it's filling the need better than anyone
else. So what I'm doing when I say
enterprising is we have these 2 companies,
then we have the outstanding brand. But I'm
also with my daughter who does makeup and
everything. Then another daughter, she's an artist and
graphic designer, and she loves to do digital
anime art. Then I have all of these
different things, and I have my son-in-law who
wants to run a Social Security firm. I
have a daughter who wants to teach Arabic.
She's at teaching right now on Sunday in
the weekend school. So I have all these
different things, but they could be under this
umbrella.
Because PepsiCo, for example, owns Taco Bell, that
owns Pizza Hut, that has Kentucky Fried Chicken,
that has manufacturing companies that make straws, and
the straws provide each one of these other
ones, but they also own Hanes and Ballpark,
and they have Michael Jordan selling underwear and
also selling hot dogs. They have all this
stuff under the umbrella company.
So what I want to do is not
only lead think about the 3 things that
left behind, the property, etcetera, etcetera. There's 3
things that will follow you after your death,
because your book is closed except for these
3. Right? A righteous child that prays for
you,
righteous children that pray for you, money that
you spent feast to be the god that
continues to benefit
people, beneficial knowledge that you leave.
So when I go because I know I'm
going to die soon no matter how long
that may be. That mortality motivation makes me
want to leave something that benefits people whether
dealing with relationships, whether dealing with anything I
can help my children do. I wanna help
them be righteous because I'm greedy. I wanna
be selfish, and I encourage you to be
too.
Be greedy enough
to raise children to be righteous that'll pray
for you. Be greedy because you want those.
Be greedy to give money, to donate to
good causes, whether it's to massage it, to
wells, to whatever good cause it may be,
to leave an organization, to leave something that
benefits people you go. Be greedy enough
to leave beneficial knowledge whether it's recorded or
it's on YouTube or it's on Facebook or
it's on your website or it's in your
books. Be greedy to get those. Be greedy
for that. And that's what I wanna do
for our families since we just came to
Islam, and my children are 1st generation Muslims.
I want them to be Muslims to Yom
Kiyama. I know not all of them will
be.
If prophet Ibrahim
if his children
were not all on that, I can't expect
anything more. But I wanna do my best
there. So that's some of my reason why
my goal. So I know you asked a
9 to 5 question and you thought you
were long winded. No. You weren't. That was
an excellent question. And may Allah I'll increase
you,
for that, And prayerfully,
you benefited from it.
And I'm a fall back because I know
it's that time, sister,
change unless you have another question or something.
Brother, you gave us a ton of food
for thought there. And,
yeah, I think definitely people will be listening
back to this session, taking,
going over their notes again. Guys, just express
your appreciation in the chat unless
you're right now just a bit stunned, which
is also
acceptable. It's an acceptable response.
But, no, you you really gave us a
whole lot. How can, how can people reach
out to get your help, to get your
guidance, to to learn more from you?
I'm at outstanding personal relationships.
K. So Facebook, YouTube, outstanding personal relationships.
IG is outstanding relationships, but our website is
the best way. Outstanding personal relationships, of course,
same branding dot com. So Outstanding Personal Relationships
dot com. I'm gonna stay here too because
I'm gonna be taking notes,
even though I'll, you know, hide myself. But
I'll be here for any questions as well,
toward the end.
Says I may have to watch it another
3, 4, maybe 5 times to try and
take it all in properly. It was a
lot, but it's good. Like, this is stuff
that
brother.
You know, I was on the session today
where we were talking about health and prophetic
remedies.
And, just talking about the the the the
amount of health, but also the investment,
in in our health, especially in these times,
you know, where there's all this crazy stuff
happening,
and we are not being reminded of how
powerful we actually are, you know, in order
to actually make ourselves healthy
a real
empowering
knowledge because when you know the facts
and you there's a road map,
You've got no excuses for sitting still and
feeling like you're a victim or, you know,
just as playing that game.
Inshallah, we all level up together, Bigna.
Amy.
Brother. Okay, guys. Thank you so much, Shukran.
We will put it over to sister Mariam
now just to talk about those revenue streams,
which I think is really, really important in
light of the fact that you asked this
question about the 9 to 5 job. And
I know sister Mariam was telling us earlier
that she herself has a 9 to 5
job. But she also has a rather interesting
number of revenue streams. So sister Mariam, when
you are ready, if you wanna go on
the, the video and then we can talk
about this revenue stream thing that is so
exciting and great. Go ahead, sis.
Okay. Assalamu alaykum wa rahkatu.
Thank you so much, brother
Nadir. I learned a lot. I was taking
notes.
Thank God I was on mute.
Masha'Allah.
Alright,
so think good question.
Well, I'll tell a, you know, a brief
story about myself again for those who weren't
in the first session with me, earlier today.
So,
I've gone through
*.
And when I say * okay. So at
some point in my life, I
had a new baby,
was in so much debt. I calculated at
some point,
my my numb the amount of debt I
had was almost 5 times more than my
annual income. Okay.
Imagine with a new baby postpartum, many women
here will relate with me and in huge
debt. To cap that, as though that was
not enough, alhamdulillah though for the experience,
I got my salary cut and my bonus
cut
so it was a very painful experience,
depression here and there, then, you know, I
sought help and alhamdulillah
eventually
something changed in my life. But first, I
think the focus that I'm, you know, taking
on this session is
how
how can we, get more revenue streams for
working people and for housewives? That's what sister
Eema said I should speak about and I'm
delighted to speak about it, Alhamdulillah.
Okay.
So why is income important to you? And
my sessions are normally chitchat and talk and
a lot of facial expressions because I'm goofy
like that.
So please feel free to chat. In fact,
you should chat. So I because I'm gonna
be asking a lot of questions. So why
is income important to you? Why why do
you think,
you personally need, more income? Or if you're
happy with the income that you have, well
then,
I think it's time for you to
to to, you know, say bye and go
to Cancun in your island, wherever it is.
Okay. So Marianne says,
freedom, I like that.
Some of you who were in this, sent
in the session earlier know mine already, but
some of you may not. Rashida says security
for my family. Okay. Okay.
Income means different things to different people,
you know, but
generally
speaking,
income is one piece of the 3 cogs
in a wheel I explained earlier, and I'm
gonna give a brief brief,
thing. So the 3 key things for sustainable
wealth, multigenerational
wealth, for you to achieve security, opportunity to
build,
freedom, whatever your goal is. For me, it's
just that I love to chill. Okay? I
just love to chill.
So for you to attain that,
there are 3 cogs in the wheel, and
they work hand in hand. You can't separate
the
the one from the other. This is my
attempt at a cog.
It's income,
it's savings,
and investments.
You find people
take on a lot of, you know,
whether it saves saves so much and then
they forget the other aspect,
investing.
So then the money then loses value. I
have an interesting video that I shared earlier.
I could actually, drop it again on the
Facebook group for people who love the video.
It's just a depiction of how you can
save, save, save to the point where inflation
hits and then there's nothing.
Okay? It's quite sad. But these three things
are very important. But I'm gonna focus on
income right now,
today because I think it's important. And somehow,
it ties in in with all the 3
other elements. Okay?
So
now I want you I think I have
more ladies than gentlemen here, but it doesn't
matter. So ladies and gentlemen,
I would like you to think of your
nicest pair of shoes right now.
Like, right now, just think of your favorite
pair of shoes, whatever they are.
If you have them close to you, you
can pick them up. I don't have mine,
but just if you have them close to
you, pick them up. If not, just think
of them.
Okay? Now I want you to imagine
right now that you're holding your nicest pair
of shoes and it's in your hand right
now, and you're like, woo, what a good
buy. I hope it's not tattered and and
dead
because I I destroy my shoes when I
like them.
So pick that pair of shoes. One one
pair. Just one one foot, not the whole
pair. And I want you to take that
that foot and put it on your head.
Yes. I want you to do just move
your hands
and pretend it's on your head. Is it
there? If it's there, just say yes on
the chat box. Okay?
Okay. Naima's
shoe is on her head already. Tanika's is
on her head. Mine is on my head
too. Marianne's own is on her head as
well.
Okay?
Alright.
Amina. Oh, Amina's shoes on her head. Okay.
So now I'm gonna ask you a question
with your shoes still on your head. I'm
gonna ask you a question.
Of what use is this is this shoe
on your head?
Question.
Would it serve the same purpose
as it was designed? Namah says,
had had just says, yes. Whoo. Hadiza, I
would love to know what your your shoe
has. Tanika says, no. Marion says, no.
So what if I told you that wealth
is the shoe
on your foot?
So wealth,
in other words,
is meant to not be put on our
heads, but it's supposed to be the shoe
on our foot
in order to, what,
be used.
Sometimes,
generally, generally, sometimes
in life, we take and this can be
literally or metaphorical, I don't know what the
English would say would call it but you
can take it just
on face value. If you put a pair
of shoes on your head, no use.
Sometimes we put wealth on our heads, We
worry. We sleep,
less. We don't take action. We are guilt
tripped by it. But if you realize the
main purpose and I love what brother Nadir
said about
money. He said,
money is, what did he call it again?
Neutral. Right?
So
Tanika says I'm inspiring a closer. Okay. So
wealth is the shoe on your foot. It's
meant to be used. I believe that wealth
can be used in 3 ways. You can
either use it for chilling, like I love,
charity, like I love, and then to build
more wealth, to just do things for the
community and do things that you love. So
for me, that's that's the whole point.
Alright. Now,
there are there are certain things that I
also want us to keep in mind here.
Even though we say wealth is the shoe
on our foot, it's useless on our heads,
and there is a * shoe. Okay? It's
not,
that
as we take it, and also it's not
something to ignore, okay, at all for us
to achieve,
what we want.
But,
I want to tell you something again building
upon what,
brother Nadir said.
It
exactly is just the name. It's just something
that has a use. Yes.
So
there are, I would say, 3 questions that
most wealthy people would ask themselves. You find
it in common generally, but in different ways.
Okay?
The question and that's what diff what what
differentiates people who have a lot of wealth
and people who do not or people who
struggle,
I, is number 1. The question they ask
is, how can I make this happen?
What what problem can I solve?
How can I solve it, and when can
I start?
It usually starts around this, and I'm building
up to income as you as you noticed.
So when you start to ask these questions,
how can I make this happen?
Okay. The question is the questions are not
directly in,
order, but how can I make this happen?
How can I solve a problem?
What problem can I solve, and when do
I start?
Okay? When you start to ask these questions,
suddenly, 2 things begin to emerge.
And this leads us to how do you
get,
more income, more revenue streams. Right?
I would suggest you focus on 2 things,
and brother Nadir has gone has done a
fantastic job on on that segment. So I'm
just gonna give you,
you know, 2 buckets, 2 things,
active income
and passive income.
Active income
is generally income that, you know, you and
I do the daily grind and stuff. I
see people on the tubes, if you're in
New York or wherever you are, whatever part
of the world, you're either commuting, you're
wherever, doing something. You're actively going to sit
down at your desk and deliver and at
the end of the month or week or
however you get paid, you get paid.
That's active income. It could be your business
that you were running. It could be a
magazine like Sister of EMA. It could be
anything, right?
Active income is generally something that you put
in physical effort into.
Passive income, on the other hand, is something
that I absolutely love because, again, I love
to chill.
So it's something that you can earn while
sleeping.
Alright?
So you are truly free. For somebody I
think someone mentioned freedom
here, and I and I completely agree, as
a reason for her wanting more income.
We would be totally free
in whatever our dreams are, whatever we want,
or what people bandy around these days, financial
freedom. We would only achieve that freedom
if our passive income
surpasses
our living expenses.
Does that sound like utopia?
Like, I just the thought of that makes
me want to just imagine my life in
the Maldives,
you know,
for a month just not having to do
anything. And, yeah, if I choose to, I
could just, you know, video chat my relatives
and be like, hey, guys. How are you?
Oh, that there goes a seagull.
You know? That's my kind of chili. Okay?
So you're truly free
when and I want you to repeat after
me and tap on the chat box. Truly
free when your passive income
is more than your living expenses.
Okay? So type just to be sure that
I'm talking to people. Because sometimes it can
it can be like I'm talking to my
laptop
here. Okay. So chat me, chat with me.
Oh, thank you. Thank you, Naima. Oh, you're
always the fastest.
You're a writer, so your fingers are
used to the keyboard.
Okay. So this is what being truly free
is. Thank you,
everyone. Okay. Now
how do you do this?
So I'm taking the perspective of being a
whether you're a housewife
or you're working a 9 to 5 job.
I do not think
that there is
I believe strongly that Allah has given us
equal opportunity,
truly, in my heart and I'm sure you
all agree.
So whatever your circumstance is, there is something
special that you can be.
So if you're looking for active income and
you're,
for example,
a stay at home mom,
Right? It is an amazing opportunity to monetize
your talent.
There is, something called, missus Watanabe. Let me
just type it here. I think missus Watanabe.
How many of you have heard of this?
I think that's what it's called. I hope
that's what it's called. How many of you
have heard of what I just typed in?
What does it mean? No Googling.
No Googling. I can see you.
Okay.
How many of you have heard of this
called missus Watanabe?
If you have heard okay. Not I. Not
heard of her. Okay. Anyone? Nope? Okay.
Alright.
Okay. Brilliant. Okay. Amina says no. Tanika says
no. My Sarah says no. Marion says never
heard of it. Okay. Mrs Watanabe
apparently is just a name
that describes
the typical Japanese housewife
and a female investor.
You won't believe it. So there are a
group of housewives apparently in Japan
who,
I don't know who started it, but they
decided to just dabble into investing.
So you they have computer, good Internet, and
then they she they just then decided to
start investing. And they made, and I think
they still make fantastic
investors. They just know how to trade. They've
mastered the art of trading, that's buying stocks,
selling stocks, buying whatever, selling whatever,
by sitting at home. Now there was one
lady I'd like to believe that decided, you
know, to take action.
Why can't that be you?
So there's so much opportunity. Alright? Missus Watanabe
is 1.
And by the way, missus Watanabe is figurative.
It's like lots and lots of women in
Japan.
So you may explore, I would say you
may explore the online world. If you are
not used to investing, you can monetize your
skills and and that takes me to I'll
talk a little more about that, shortly.
Another so that's for active income.
For passive income,
you can invest,
if you're familiar with the terrain of investing,
stalled, sukuk,
mutual funds, etcetera, etcetera. If they sound too
complex, don't worry about it.
You can Google them, go online, start your
learning journey,
about investing. I definitely recommend that. Get a
financial adviser.
We have our 2 wealth paradigm. We have
resources that can help you. Just knowledge, you
know, on investing and etcetera etcetera. You can
go into our website.
Thank you. Okay. Good.
Our website is,
wealth paradigm dotorg. I'll post it, little later.
And now, you know, I want to tell
you a story about a man who,
was so sad about his finances, kinda like
me,
hated his job.
Then he asked himself, what am I really
good at? So he decided I think,
he he I can't remember whether he was
a realtor or something like that. So he
put together 1 or 2 pay 1 to
2 pay document
and put it online
and sold it for $1. He was too
scared to price it too
high, was very insecure as we normally are
typically as creators when we start things. We're
nervous how people would accept them. Right?
So the 1st night passed and
nobody bought.
Okay?
2nd night passed, he couldn't sleep.
One person bought. Wow.
Oh, wow. So there's actually one human being.
3rd night, 4th night, a few nights passed,
nobody bought again. And then he's like, oh,
meh. With all my efforts.
But within a few months, guys,
he had made his monthly paycheck. Okay? So
he had made let's say he earned $1,000,
for example. He had made $1,000
from that just selling that thing. Someone told
another person, told another person, and then he
used, you know, promotions and all of that
and all of that. It is possible. Okay?
And now the rest is history. So from
that $1, he got more confident, did more
for priced higher, blah blah blah blah blah.
The rest is history. K?
Now I would want to say something.
The key to passive income
is to diversify.
Now even if you're super talented and, for
example, you have this one very, you know,
thriving business
okay. So I'll just send you the link
to our website here. And I must say
that our website website, is being optimized, so
some some, things may not work, but just
in case. Okay? That's it.
So diversify. It's not advisable to rely on
an online business or any sort of business
or anything. Right? Remember what I told you
earlier if you were there.
If you Warren Buffett was quoted to have
said that if you are relying on your
salary
for income
as the sole source of your income, you
are one step away from poverty.
Whether he said it or not, I don't
care. The message is true.
Alright. So diversify
in the sense that,
never put all your eggs in 1 basket.
And ladies, we know that. Right? Imagine you
go you go shopping and you bring eggs,
and then you mix the eggs with the
clothes and the shoes and the blah blah
blah blah.
Spend a lot of time cleaning
or and you don't get to eat any
eggs.
Alright? So how can you diversify?
Dabble yourself, I would say, in the investment
space.
If you I started investing in stocks with
a lot less than a $100. And when
I say a $100, it's
maybe about 50 ish now because, you know,
I just thought, okay. If I put this
here, it might
not come back. So start with something you're
comfortable
disappearing, for example, just as a tester. And
I'm saying this because it builds your confidence
investing.
Investing is a loser's game. That's what, experts
I think Warren Buffett has said that too.
I quote him a lot because because I
like him.
It's a loser's game, but
many people who are less wealthy or who
don't understand how wealth works,
they play the game of investing and money
making in order not to lose.
And, you know, what you focus on, if
you focus on not losing, you tend to
pick the you just tend to lose.
I'm sure people who work with people can
understand me when you your mindset and and,
brother Nadir mentioned think and grow rich. It's
how you think that almost always determines your
outcome. Okay. Many of us are Muslims. I
remember in this part of the world when
I say when when you say stuff like
that, people are like, are you saying that
you are Allah?
No. I don't think so. But Allah has
given us the power to think, and I
love this,
I think it's hadith Qudsi that,
Allah
said that I am as my servant thinks
of me. So if you think
if you decide on your own to not
give,
Allah a razzak or to not think that
anything is possible with Allah or to not
think that, you know, or to just limit
your thoughts about what Allah can do.
It's up to you. It's it happens. So
that to me reinforces that thoughts actually make,
or mar your
journey, especially around wealth.
Okey dokey. Alright. So,
let's see then. Now what if this doesn't
work? You're if you're asking yourself, what if,
okay, I start a business and then it
fails?
It could happen. What if I start this
and people don't like it? What if I
do this? What if that? What if this?
What if that? Remember,
everybody was once a novice.
Craft your learnings in gold.
Dust yourself up. If I tell you the
number of money the number of deals I
failed at, the number of, the amount of
money I lost,
it is not so pleasant. But alhamdulillah, the
learnings, I can share the stories with you
and I can tell you what not to
do because
I gave myself permission to fail.
Give yourself permission to fail.
Wealth creation, wealth journey is not an easy
one, but, again, it this this simple
process of saying, oh, oh, really? Oh, I
failed? Oh, this time I didn't make money?
Oh, that's fine.
Give yourself time to cry if you're like
me. Give myself time to cry in the
room or stuff like that or or rant
to my husband or my sister or whomsoever.
Give yourself that time, then move on.
Okay?
Alright.
So right now, what I want you to
do, everyone, is I want you to take
your notebook. If you wanna chat with me
here, you can do that. Tell me what
your one thing you're going to do today,
and I want you to chat, actually. One
thing you are going to do today,
this
night, that will take you closer to your
dreams.
One thing you're going to do today. You
can use code language if you don't want
me to understand, if you don't want the
whole world to know. Okay. Or you can
write it in your own book.
One thing you're going to do today in
order for you
to get closer to your dream life or
your dream wealth. K?
One thing you're going to do today, this
night.
Hadija says she'll decide to do it. Okay.
Whatever that means to you, I hope that
on your own notebook, you're going to make
it more concrete.
You're going to say,
I will, inshallah, this night,
start for example, if you wanna start a
business, I will start,
purchasing the the the the domain or the
website or whatever it is. Thank you, f
Campbell says, I would look into a second
income stream, that's that's good, but I would
love,
if you put something small. So you can
say I would start looking up a domain,
for example, or, yes, a second income stream,
and then you can specify it for yourself.
Or you can then, better still,
start using the 4 questions that I mentioned
earlier. Alright? That is how the wealthy think,
and that is how they make things happen.
How can I make this happen? How
how can I solve a problem?
What problem do I wanna solve?
And when can I start?
Okay. Brilliant. Tanika says, think about a problem
I can solve. Start reading, reading up an
essay. The simple truth is,
If you solve a problem, people will pay
you. So that is almost a it's a
no brainer,
Alright?
Okay. So at this point, I think I'll
wrap up with, what I started with, basically,
about myself. I picked up myself, stopped,
taking, you know, victim pills,
not really real pills, but stopped got myself
out with help from that zone of being
a victim and I actually took action. Decided,
what am I good at? I love to
talk. I'm like a parrot. That was the
first thing I decided to do. So I
decided to give free talks about the one
thing that I know very, very well, which
is money, investing. I've been investing for nearly
a decade now on behalf of myself and
an institution and so many other, you know,
people. So I get access to so many
so much information,
but I realized it's so limited to the
Muslim world. Then I said, I'll start to
speak about it, and I did. And I
did again and again and again, and that's
it. And today, alhamdulillah, I have
a number of income streams, about 9 and
counting. I'm not where I wanna be yet,
but it's a journey. And I permit myself
to make the mistakes, to take the risk,
and I want you to decide to permit
yourself to do the same today.
Thank you so much. Let me see if
you have any questions.
Hadija says, I'll think carefully about my spending,
ask myself a celebrity question regarding purchases.
Way to go, Hadija. I'm proud of you.
Any questions
that you would like me to take before
I hand over to sister,
Naima Robert?
Yes. I'd like to just, like, jump in
and just say to everybody inshallah
that, you know, remember that and just as
we covered in the first session on health,
a lot of the ways in which we've
been encouraged to live
are not in our best interests.
So this is the same with spending. Would
you say, Mariam? Would you agree? Yeah. Absolutely.
Absolutely. I agree. I agree.
But do you I I don't think spending
is the problem. I I'm a bit I'm
a bit of a,
a rebel here. Some people I love to
chill. But I I always encourage people to
increase your income.
Why stay,
you know, huddled?
I think that's that's that's even a a
worse belief in my opinion. Just huddled. You
know, we need to manage scarcity scarcity. Oh,
no. Allah's universe reminds us every single day.
So we've been here about an hour now
or more.
Can you count the the amount of oxygen
you've you've taken in, sister, Nina?
No. Thank you. Literally, the blood that our
heart has been beating, you know. So so
Allah reminds us constantly within ourselves.
The trees, the skies,
ocean, it's endless. Right? It's so massive. Allah
reminds us every single time of his abundance.
Now I'm not saying be wasteful,
but I do believe that staying in such
a cocoon of not spending law is terrible.
What I do believe is you wanna spend?
Okay. No problem. Raise your income.
When you get to a certain level, okay.
Raise your income. That's my view on spending
truly.
Yeah. I think, yeah, I hear what you're
saying. Definitely, scarcity mentality is a big problem
for for for many of us because of
our own financial blueprint, you know, what we
learned from our parents, etcetera.
I think I what's interesting, and I'm not
sure whether this is a a case for
and brother Nadir, if you're around, we can,
you know, round up with, with maybe a
3 a three way conversation.
But,
you know, particularly in the west,
the way that black communities
spend
is,
is problematic.
Brother Nadir, would you agree with that? Do
you wanna just go into that for a
bit? Because, masha'Allah, what I love about the
festival is that we literally have
a you know, it's a global perspective.
So what is an issue for Africans on
the continent
might not be an issue for black Muslims
in the west. And then also for black
people in the west, they have particular issues
that maybe Africans on the continent, they're like,
what's the big deal? But then, Nadeem, what
what can you say about,
black people spending in the West?
I think it's it's working out extremely well
for those who enslaved us.
Okay? And what I mean is that last
year, it said that black people in the
in the US
had collectively 1,300,000,000,000
in spending power.
1,300,000,000,000.
Wow. Alright. So that's
ridiculously crazy. That have been that would be,
like, I think, the 5th or 6th
largest economy on the world if it was
in itself.
The challenge is that we own less property
than we did 100 years ago, pre civil
rights.
Come on now. No. So the spending is
working out well for the same ones who,
enslaved us physically, where mentally
that money is going you know, that currency
is going right back to them, so we
are a great asset
for them
in particular. So without that financial education
and learning how to redirect it to your
own resources, we lose. For example, at my
family meeting a couple of days ago, we
have
a my family has a meeting, every Thursday,
and we deal with skills and financial education
and a lot of different things for the
first half of it. Is my camera going,
like, in and out trying to fetch me?
Yeah. Yeah. A little bit. Yeah.
So sorry about that. I had to switch
it. This is crazy. Anyway, we were at
a family meeting, and one of the assignments
was to really talk about Marcus Garvey and
what he did. People know the name Marcus
Garvey, but they don't know much other than
just the name.
But you have back in 1919,
this guy
going from 3 years on the street corner
with a bullhorn talking his message about black
economics and independence
and a lot of other stuff that isn't
it's not necessarily Islamic, but the foundations of
the economic part were to do for yourself,
do for your own. So what he did
101 years ago that no black man has
been able to accomplish since or at least
they didn't desire to,
is he had ocean liners, like black what's
called black star liners. You know, going back
and forth, doing commerce and trade with different
parts of Africa, also in Jamaica and Caribbean.
Also, he had some
ships now, ships, ocean liner ships, right, like
the Titanic,
doing business in cargo, but also,
for people wanting to move back, but you
also have manufacturing facilities. Like, we don't have
in the Muslim world. We don't manufacture anything.
You know, making black dials, they had, chains
of hotels. They were auditoriums
where you get information out,
commercial real estate buildings, residential buildings, restaurants,
all of this stuff for independence of which
making public enemy number 1. So I used
other black leaders who are more fair skinned
like myself to call him a black gorilla
monkey, play on the colorism and everything from
there, and, help bring him down and eventually
get him locked up and and so on
and so forth for tax charges, which is
one of the the most ridiculous things out
there, but a 101 years ago that happened.
Now imagine that collective experience. Now mind you,
Marcus Garvey's,
Marcus Garvey also
Malcolm X's father was a Garveyite. He followed
that philosophy even like Elijah Muhammad. A lot
of stuff, really came through, and no not
since the nation of Islam who followed that
philosophy
of economics and collective group group group economics
has black have black people ever had more
property and businesses than during that time? And
we're here
1,300,000,000,000
last year.
So, yeah, it's absolutely in the spending because
we would like to look rich
than actually grow and be that way. When
you recognize the average, millionaire here has a
Toyota Corolla, they're not rolling around in Bentleys
and all the rest of the type of
stuff. It's not about looking rich. You know,
since it's actually about being and having it
for generations. When you look at the Zuckerbergs,
like, we know his whole entire wardrobe by
one picture.
You look at Bill Gates. You look at
Warren Buffett and Omar where he stays and
everything really really simple lies,
you know, but the the facade
of what it means, like, Kiyosaki talks about
expanding your means,
but also watching them because even though he
said don't put all your eggs in one
basket, he said if you do put all
your eggs in 1 basket, you need to
watch it very closely,
you know, because that's a a food is
willing to,
overlook
what a wise man is willing to research.
So, again, that that 1,300,000,000,000
in the US,
the
the lifestyle and quality of life will change
overnight should those funds be redirected, how they
should be redirected.
There's a
show on Netflix with Killer Mike. I forget
the name of it. Some trigger warning.
There's, like, 6 or 7 episodes where he
tried to live in Atlanta, which is the
blackest blackest city in the country, if you
will. He tried to live for 24 hours
doing nothing but buying black, buying black, talking
on the phone black, traveling black, staying at
a hotel black, he couldn't do it. It's
really disappointing. In Atlanta, he could not do
that. Couldn't do it. In Atlanta.
In Atlanta.
Wow. He had to sleep outside. He he
didn't he had to sleep outside on a
park bench
because there was no black owned hotels
or even motel you can go to. I'm
not talking about Airbnbs,
but, yeah, it's a it's a very
saddening, but it's a bittersweet
thing to see because you see the opportunity
that's out there should people decide to and
begin to wake up as they're really doing
now this year under Trump, nevertheless.
Yeah.
Crazy, crazy stuff. Guys, just give us, any
last questions for our panelists in the chat.
Anything else that you'd like to say? I
think that this is, again, one of those
conversations that sounds just like a conversation starter.
It's not even like, okay. We've covered this
now. We can move on. It's like, you
know, I want, you know, I want our
people within the community who have the financial
acumen to help me write a book for
our kids.
You know? Help me to write a book
for our young people. Help me to put
together a course, you know, for for for
for our young people so we they can
have a head start,
and have the right attitude towards wealth, right
attitude towards money, right attitude towards what is
possible for them. We've got a question here.
Should you borrow to invest? Oh,
that's a that's an interesting one. Okay. What
do you guys say? Should you borrow to
invest?
I wouldn't I would not I would not
lend you anything until you could tell me
and convince me that your plan is right,
and you have some type of,
some skin in the game.
I've learned it the hard way. You know
what I'm saying? You love people. You wanna
help them and all that, and they say
they're gonna do something, but what is it
that you've done? My mentor told me this
thing. I used to call them all the
time. One of my mentors. Right? So call
them, hey. How you do this? So what
about this? You know? What about that? He
said, listen out there. This camera driving me
crazy.
Like, it's really going right now. Right? Anyway,
he said, listen out there.
This is what I want you to do.
He said,
if you're serious and you're a leader and
you really will
he said,
when you asked me can you hear me?
Am I good?
Okay. He said, when you ask a question,
he said, when you call somebody right away,
what's that saying is that you're lazy.
So I'm gonna ask you what books did
you read, what research did you do,
you know, what reports did you look at?
Give me all the most recent stuff that
you looked at, the audios you listened to
to try to find the answer before you
come to me because I wanna know that
you're serious. Because if you wanna be a
millionaire, for example, I mean, it really doesn't
happen for those who are just interested. You
know, you can be interested in a lot
of different things. We have a passing interest,
but there's a big difference between those who
are curious
and those who are serious.
Yeah. Oh, oh,
guys, I hope you're taking notes of these
things. There's a difference between those If you
wanna loan something or invest in you, that's
no problem. You know, I'm a I can
invest what I'm willing to lose, but I
need to know that you're serious and not
just curious. And you that has to be
demonstrable.
So if you can demonstrate that, but you
have an idea and you have an ambition,
we can get it done. If not, it's
it's unlikely. You still need to grow. You
know what I'm saying? You know, they say,
you know,
you can give and you can ask to
receive and all that kind of stuff, but
you have to do something. And I came
again from people believing me more than I
believed in myself, but I was willing to
listen and put into action what they said.
So you have to study, practice, teach, and
sometimes losing,
you know, being unsuccessful
at something is better than winning because the
lessons that you get from that losing.
But the great part is, you know, failure
is, you know, is a verb, not a
noun.
You know? So you can get up and
keep pushing, keep moving forward.
I like that. Go ahead, Mariam. What do
you think? Borrow to invest? I think yeah.
So so my question that I would ask,
Surahima is,
what what what is drive what what why
do you want to borrow, for example? Right?
And my understanding of your question is, should
I borrow, for example, to invest in stocks?
Should I borrow to invest in something?
Why do you want to borrow? My view
is
whatever it is that you would like to
borrow, you can make.
And the use of leverage is,
man's way of not necessarily taking responsibility
for the investment itself, but let me defer
it to another person.
And debt in and of itself is a
very difficult thing. Remember the the the hadith
and all of that about Rasool not,
you know, saying prayers, prayers for people who
are still in debt.
So my question is,
why do you want to use someone else's
money? What if you lose? What if you
don't return? Debt has a terrible thing where
if you don't make it back, then it
weighs you down. Whereas if you get your
own income
from, you know,
sources, you can use it. You lose it.
You cry, cry, cry. You know, it dusts
itself up, and you, you know, you move
on. So that's my view. I feel like
anything that can be borrowed can be made.
So don't borrow. Make it and then invest
it. Yeah. And that that thing of you
said, you know, owing somebody else's else money,
is is, and and that you've lost as
well.
You can't even give it back to them.
Okay. Just, just to round off, I I
have,
we have in the west, and brother Nadir,
maybe you can confirm whether this is the
case in the states.
But there's always been an issue in our
community,
specifically,
the black Muslim community
of
poor
standards and poor follow through
where brothers are, like, on a hype, and
they're like, yeah. Yeah. Yeah. I'm gonna do
this. I'm gonna do that. Yeah. Inshallah. Inshallah.
I'm doing this. I'm doing that. And, like,
not a not one. You know, like, nothing
comes from it. Who is from the UK?
You guys know what I'm talking about. Give
me a yes in the chat if you
know what I'm talking about.
Where there's it's just jing bang, you know,
and it's just
it's always like almost like a fairy tale,
like a dream and, you know, sisters will
marry brothers and the brother's like, yeah. In
Charlotte, I'm gonna have my own business. Yeah.
In Charlotte, I wanna be an entrepreneur. I
don't wanna work for no one. Don't you
know, I like I I wanna be independent
and all of this kind of thing. But
I fear I fear
we don't have the business acumen,
and we don't have the role models and
the mentors to show
us the way. So over time, certainly from
the nineties,
many brothers wanted to go into business, try
to set
up something here, set up something there, but
it was as if
we had a failure blueprint.
But when you compare us to the Asian
community, for example, even the Arab community, they
have a successful blueprint. You know? If they
have, like, a corner shop,
they know how to run that corner shop.
And the son is gonna also know how
to run the corner shop and the uncle
and the cousin and all the rest of
them. The restaurant, same thing.
They've got a restaurant. They know how to
run the restaurant. Then the brother's gonna run
the restaurant. The kids are gonna work in
the restaurant. There's a tradition of passing on
business acumen. There's a tradition of passing on
work ethic. I feel like in our community,
we don't have that. And, guys, if I'm
wrong, please just just shut me down in
the chat. And brother Nadir, if it's not
the case in the US, please, you know,
just do the same. But that's something I've
noticed in the in the in the UK
with black Muslims in particular.
That's sad but true.
It's no it's it's it's not different,
here. The challenge is that
some people are sincere and some are not.
You know, some are shysty and shady,
but some just don't have the education. We
weren't raised with it.
So they're trying something new and they don't
know how to be professional. You don't know
that, you know, to be early is to
be on time, to be on time is
to be late, to be late is not
an option for a leader if you wanna
win.
You know what I'm saying? These are there
are certain philosophies and principles
that didn't get pushed down to us, but
at the same time, there are basic expectations
of professionalism. Meaning, if you're gonna say this
is gonna be delivered on a certain date,
the expectation is it shows up on that
date. You're gonna get so many excuses.
You know? At the same time, sometime we
act we,
we expect more
from us in particular, or we try to
free
all the time.
You know? It's like, oh, brother. Why do
you, you know, why do you have to
pay for this, or why do you do
shouldn't it be? Like, it is.
You know, I'm gonna get rewarded on both
sides.
You know, we offer plenty free stuff, but
free stuff is still not going to pay
our bills nor is it gonna pay for
us going to invest in ourselves the tens
of 1,000 of dollars. But when they go
to university
with no promise of anything coming from it,
they understand that they must pay, that there's
a tuition to be paid in addition to
the time.
So again, there's a there's a mindset. I
mean, when they look at, just the difference
in dealing with outstanding Muslim parents and then
you have outstanding personal relationships.
1 is specifically strategically,
desire to a Muslim audience because there's specific
things we do as parents, as Muslims in
particular, and being black.
Alright? When I say in a personal relationships,
the the audience is more broad because we're
dealing with relationships, marriage, religion, everything else. And
usually the first people to come out of
it are non Muslims. They come out of
their pay and they come out of their
pocket and we help them just as well.
And then out of that, from a lot
of it, is
a lot of doubt, a lot of asking
about Islam, and a lot about who's you
know, well, how did Islam do this and
that? And they wanna know. Now they're they're
interested in coming towards Islam. These are extra,
you know, benefits that come a part of
it. But a lot of times, we we
have the free sub in the lie mentality,
which help that it kinda destroys us being
able to get good quality content and get
out there. So it's it's dual fold. But,
again, my thing is going back to the
educational piece, not schooling
necessarily, but educational piece. Learn where to be
professional,
how to speak.
You know, you or you'll get scammed, like,
the whole situation with, the Muslim entrepreneur network
with, what's that?
Mirza, the Mirza brothers and stuff like that.
You know what I'm saying? Scammed tens of
1,000,000 of dollars for Muslims. Yeah. No targets,
but we can't let greed drive us at
the same time. Mm-mm. You know, we have
that we wanna be better and do stuff.
We want it easy.
You know? If you if the green looks
if the grass looks greener on the other
side, it might actually be.
But the challenge is we don't know all
the manure that had to go over and
they had to go through and grow through
to fertilize it. If we're not willing to
use that and go through it, we're gonna
lose. You know? So it's it's exactly the
same thing over here, and we have to
hold ourselves to a higher standard. That's why
Muslims have to rise up and and be
those standard bearers, set the standard, be professional,
put it out there to be that example,
to give away excuses from other people. Because
the those are gonna be the ones who
win. Those who serve the people do it
at a high level of standard and hold
ourselves accountable. And by doing that, we're giving
other people permission to do the same thing
and to do better
and better educate in the marketplace to be
better consumers as well.
Yeah. Totally. And, again, you know, it's it's
showing what's possible,
guys. This is this is the power really
of this platform and and so many other
platforms like it. It's showing what's possible. I
love what sister Hadiza said where she's watching
this with her kids. You know? And how
powerful is that,
not just for the knowledge that hopefully a
few sparks will go off. Maybe they may
look into some of those books. I think
some of those books have, like, a kid
version or, like, you know, some kind of,
like, a summary that they do because they
are I mean, the thing is, this is
the thing.
The wealthy
teach their children
about wealth.
It's it's it's middle class parents. I'm sorry.
Like, middle class parents are just trash. Okay?
Because middle class parents wanna pretend that it's
easy or that it's hard,
and and and they don't they don't even
middle class parents
don't have the acumen themselves because they're not
from money. They're not from wealth themselves. So
even to be able to teach your children
about generational wealth. As a middle class parent,
especially someone who's just come into the middle
class via education or via marriage, you don't
even have that. You don't even know how
wealth works. You don't even know how investment
works. That intergenerational
thing is not a currency that you have.
So to be able to offer that to
our children, firstly, for us to learn ourselves
and then to be able to offer it
to our children so that they can have
the advantage,
that many of us didn't have, and that
many, many in the world don't have, I
think is is really, really huge. So
guys, it's been really, really an eye opening
session. Another one. Right? Another eye opening session.
So may Allah reward
you and your families in everything that you
do. May he put continued barakah in everything
that you do. And, obviously, we know we
can meet brother Nadeel at
sismedium, you're on Wealth Paradigm on YouTube. Right?
Yeah. Okay, guys. You know what to do.
You've got a reading lists.
You've got YouTube playlists.
You've got downloads and all sorts of things.
So get busy and we will see you
for the, crowdfunding
workshop, and then we've got our big panel
discussion this evening for the entrepreneurs. Okay? So
everyone. Thank you, brother Nadir. Thank you, sister
Maryam.