Moving Forward As A Community Finances Part I

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Bismillah R Rahman r Rahim al hamdu lillahi Nakamoto who and

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when I was a bit lacking maturity and fusina woman CIT, Anna Lena Maria de la dama de la la, la la la la la la la la la la la sharika lahu eyeshadow Anna Muhammad Abdul Allah Abdullah Zulu sallallahu alayhi wa ala alihi wa sahbihi wa seldom at the Sleeman kathira ama but my dear brothers and sisters salaam aleikum wa rahmatullah wa barakato.

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Let's quickly recap what we took last week. Last week, we took two important concepts concept number one is that your whole entire life is composed of seven main components. And those seven main components if they are not balanced, your life will not be balanced. And the reason it is important to be balanced, is because those seven components, they portray your journey towards Allah subhanho wa Taala. So your journey towards Allah subhanho wa Taala can be a very smooth and fluid one, or it can be an extremely bumpy ride, and perhaps very stagnant, you may not be getting anywhere. And that is why we're focusing on balance in those seven equations of your life. For those of you that missed

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the exercise in Sharla, brother Omar can help you out after the class, or you can check it online, we have the video up online on that as well. The second thing we learned is that understanding our relationship with Allah subhanho wa Taala. And that the first component of our life is our email and it is the most important component. And we learned that our relationship with Allah subhanho wa Taala, from time to time will be very bumpy and will very will be very rough. So Allah subhanaw taala will send trials our ways, and we may think that we are failing, and we may not understand why they are happening. So we took five key concepts to help us understand why those trials take place,

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and what perspective to hold them in. Now, this is my test to see who has been paying attention and who's been taking notes. What were those five key perspectives that we learned last week, in terms of dealing our with our trials, from Allah subhanaw taala? Who remembers those? Go ahead. You guys were here last week.

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Dean, what about it?

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That was a good start, though it has something to do with that, then I'll give them to you, I need you to write them down. Because if you're not understanding these concepts moving forward, you're gonna forget and you won't be able to relate. So there's five important things that you need to understand with your relationship with Allah subhanaw taala and trials. Number one is that you have to learn to expect trials, that you get glad caught off guard by trials because you don't learn to expect them. So the first thing you have to expect is that you have to expect trials in your life.

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Number two, relating to trials is that these trials that Allah subhana wa Taala send you are not a punishment from Allah subhanaw taala but they're a way of Allah subhanho wa Taala calling you back their way of Allah subhanho wa Taala calling you back to him. So number two is that this is the way that Allah subhanaw taala called you back to him by sending these trials your way. Number three, these trials are a purification for your sins, and for your luck. These trials are purification for your sins, and for your luck.

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Number four, number four is that these trials they show you the true nature of this world, and how true happiness will only be in the hereafter.

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These trials they show you the true nature of this world, and how true happiness will only be in the hereafter. They show you the true nature of this world and how true happiness will only be in the hereafter.

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And the number five is that the help of Allah subhanho wa Taala will always be there as long as you turn to Him, the help of Allah subhanho wa Taala will always be there as long as you turn to him. the help of Allah subhanaw taala will always be there as long as you turn to him.

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So now what we want to focus on continuing forward, we focused on the aspect of dealing with trials and tribulations. Now we want to focus on stabilizing your Eman because an individual that does not have stable Eman than everything else will be in chaos as well. And this is the most fundamental component of the seven aspects of your life. So now when it comes to your Eman without a shadow of a doubt, the most important component of your Eman is your Salah. And you notice the specific wording the Messenger of Allah sallallahu alayhi wa sallam uses, he says under Islam that the head of all affairs is Islam. What a Moodle a solid one Moodle. Moodle has Allah that the the pillar of this

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head affair is Salah, meaning that if your Salah is not

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Taking care of then your mind is not taking care of basically without Salah your Eman does not exist. So now what you want to focus on over here is two things. Number one being truly honest with yourself and understanding how good is the quality of your Salah. So what I want you to do right now is on your paper write down between one to 10 How good is your select 10 being that you know Marshall I'm praying like Abubakar adeola one and zero being that, you know, I barely get past, you know Bismillahirrahmanirrahim and I'm already distracted. So that's what I want you to do from zero is absolute minimum I'm struggling and 10 is my Salah is absolutely amazing. So write that down on

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your paper from zero to 10 wherever you are in your salon right now the quality of your salon. Okay, now that you've done that, let us focus on how do we improve that quality. First of all, did anyone have 10 out of 10 and you only have 10 out of 10 I just like to check just to see you know, maybe they can benefit the class in terms of how they got there. So now in terms of benefiting inside of your salon. Number one is that you have to eliminate all distractions before going into salon. eliminate all of your distractions before going into salon. This means if you have an important phone call to make you make that phone call. This means if you haven't eaten yet, you go ahead and

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eat. This means if you need to go to the bathroom, you will go ahead and go to the bathroom. Never put your Salah in front of these things because the quality of your Salah will suffer greatly. So that is why whatever distractions you will possibly have in Salah you want to eliminate them before they actually come to you inside of Salah. Because what you need to realize is that Allah subhana wa tada he created a particular sheet on a particular devil that is there just to distract you in his Salah. He was created for no other reason except to distract you in Salah. So if there's anything that you he can possibly distract you with he will be there to distract you in Salah. So number one

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is eliminate all things that can distract you. Number two, is the importance of understanding what you are saying inside of Salah. The importance of say of understanding what you're saying inside of Salah. So when you enter into Salah Have you ever contemplated why is it that you start off with Allahu Akbar as opposed to any other act of Vicar? You know, why is it that you don't start off with Subhan Allah or Al Hamdulillah or La ilaha illa Allah and these are just as virtuous, you know, statements. But why is it that Allah subhanho wa Taala chose to start off the Salah with Allahu Akbar, because it is a reminder for yourself that at this given point, there is nothing greater in

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your life than Allah subhanho wa Taala and that is why you start off with the statement of Allahu Akbar, which means that Allah is the Greatest. The second reason is, it is a reminder that there's no greater place or more important place than you could be right now than your salon. So that everything else is secondary compared to your salon right now. And that is why you begin with the statement of Allahu Akbar. And then you focus on the rest of salon like understanding sola Fatiha. Then when you're reciting Surah Fatiha, what is this mean? Did you know that Allah subhanho wa Taala responds to you as you're reciting Surah Fatiha and that is why we did you know seven hour

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discussion on Surah Fatiha so that you can understand this and you can find it on YouTube with the lights on. So number two is understanding what you're saying inside of Scylla number three, and this is the last point I mentioned within the data before we move on is the frame of mind that you come with to Salah so you'll notice that the general frame of mind is that let me quickly pray so that don't so that I don't get punished for missing my prayer. Let me quickly pray so that you don't get punished for missing my prayer. And this is the vast majority of case because we're so busy and other things we're like okay time for God is running out time for us or is running out. Let me

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quickly pray my Salah so that I don't get punished for missing that Salah. And then you'll notice that as soon as you can change that perspective, change that outlook on Salah, then this changes things greatly. It changes the quality of your Salah. So the person that can change it to Hey, you know let me attain Jenna through the Salah, or let me get genital for those through the Salah or let Allah purify my sins through this Salah. Then all of a sudden, there who Shu ensalada enjoyment of Salah it completely changes their

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the benefits that they get out of Salah will completely change. And this is something that business lights Allah will be focusing on the long run. But you'll notice that when it comes to worship, you have three main aspects or three main emotions that deal with worship. You have fear, you have hope and you have love. Now the vast majority of people when they start to worship Allah subhanho wa Taala it always starts off with fear. Because it's like, Hey, I don't want to spend an eternity in the hellfire. So let me fear Allah subhanho wa Taala and do these aspects of worship. Now the thing about fear is that fear eventually fades away, that as soon as you do the act a couple of times that

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fear goes away. So I want you to think about an exercise that you did that the first time

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You're doing it, you're extremely afraid. And then the second third time, fourth time you did, all of a sudden that fear it completely disappeared. So this is an example of someone that's, you know, imagine you're going to Banff, you know, you're going up to the mountains, all of your friends are going skiing. They're all experts in skiing, or is in snowboarding, and it's your turn to go down and you've never done it. So the first time you do it, you're freaking out of your mind. You're like, you know, how will I stay on my skis? How will it keep my bounce? Will I be going too fast? What if I crash into a tree, and all of these worries, you know, they're going through your mind, lo

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and behold, you go down the first time perfectly fine, second time perfectly fine. And by the third time you actually forget about the fear that you had. That is the nature of fear, it fades away. So now similarly, in worship, if your eba is based upon fear, that fear eventually fades away, Allah subhanho wa Taala created fear to keep us in perspective. So it's something that we need in our lives. But it's something that Allah subhanho wa Taala taught us to deal with at the same time, and that is why your heart and your soul, it will always overcome fear. It will never be succumb to fear all the time. Time eventually comes where your mind and your soul it says you know what, it's time

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to get over it. And that's when the transformation in your Salah will take place when your salon becomes an act of fear to an act of love and to an act of hope that is when the transformation will take place. The second aspect of your Eman How do you know when your emotion is high? The way to gauge the strength of your emotion is to look at the things that you worry about. So every time you are worried about something, it is a gauge of how high or low your demand is. You'll notice a child you know when my daughter comes crying to me, I know that it's only a limited amount of things that she'll be crying about. So be like Baba Baba, I broke the crayons. Baba Baba, I spilled the milk.

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Baba Baba, you know, I dirtied my diaper, something along those lines. That's what they'll be worried about. Now you as an individual, you can gauge your level of mind by the things you're worried about. So are you constantly worried about just paying your beliefs? Are you constantly just worried about what do your friends think of you? Are you constantly worried about your perception in society? Are you constantly worried about you know how good of a job and how good of your salary is? those worries are a gauge for you to gauge how level you are? how high your demand is? And this is an honest question you asked yourself, when was the last time you actually worried? Hey, will I make

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it to gender? You know, and the actions that I'm doing right now? Are they conducive towards paradise or towards the Hellfire? Are they conducive towards the highest of paradise? You know, you'll notice that inshallah I think next week's quota by midnight Allah is going to be based upon verses from tsunami noon, what Allah subhanaw taala talks about the believers, and he says that they are in a constant state of fear. Now, I showed a doula one and she asked the Messenger of Allah sallallahu wasallam, yada sutala these people that are in a constant state of fear, are they the ones that stole and committed Zener and the Messenger of Allah sallallahu alayhi wa sallam

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responded? No, they're the ones that fasted and prayed. But they're worried that their deeds won't be accepted. They're worried that their deeds won't be accepted. And that shows you the level of Eman again, what are you worried about? It will show you your Eman. Now the last point in dealing with a man before we want to the next perspective in the lights Allah is how do you solve your issues with a man? How do you solve your issues with a man from what I have studied and what I've seen, if a person can master two aspects of Islamic belief, it will take care of all of their problems in email. Every single problem can be solved by studying two aspects of a man. Does anyone

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know what those two aspects might be? These are perhaps the two most fundamental aspects of our aqidah Go ahead.

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intention close your intention is related to it Go ahead.

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Excellent. So understanding Kabbalah while further understanding destiny is the first component you need to understand. And this will help you understand your position in the world. This will help you understand why things happen. And this will help you understand where you are going and why you got there and how you got there. That's number one, understanding destiny alpha one Tada. So you want to study this in as much detail as you can to make sure you know it helps you out. Now the second aspect, the second aspect of our aqeedah Go ahead.

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Sorry sobor. Close, it's indirectly related to that. Go ahead.

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Excellent. The names and attributes of Allah subhanho wa Taala names and attributes of Allah subhanho wa Taala. So that once a person has faith in Allah subhanaw taala is the all knowing the all while they're all just the All Merciful, that all of these names and attributes are coming into play with each action in your life. It is filled with knowledge filled with wisdom and

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Filled with mercy. So now when you understand these components, it will help you be more productive in life and help you get over the hurdles that you face. So now those two important sciences, it's not available in English as far as they know. But sequence number two Tamia, Allah, he wrote a book called a TED Maria. Maria, if you can read Arabic, it's a very advanced book. But these this book deals with these two issues, dealing with colada and Qatar and dealing with the names and attributes of Allah subhanho wa Taala. Now for your own research, you may think that, hey, just because I can't read Arabic, I can't study these topics. Think I'm just saying if you're looking for one book that

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deals with both of them, this is the book but in English, you'll find you know, a plethora of other resources. So Shaykh Khalid bassoon, he has a whole series on explaining al Qaeda will cover I think in like three or four parts on YouTube that you can find a bit in lights either she has recorded on YouTube has a whole series on explaining the names and attributes of Allah subhanho wa Taala. So you can study that on your own time be the law hits Allah. Now, with that having been said, we move on to the second most important component of your life. Now out of the seven, which one? Do you think that is? Hamza don't give it away? Because I know you probably know. But what is the second most

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important component in your life out of the seven? Which one do you think it is?

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family, a lot of people would think that, but that's not the case. So it's not family.

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Dean is number one we've done, we're finished with them. Go ahead. social life. That's like at the bottom end of the list. Who said finances finances, finances is the most important aspect of your life. After your dean, it is the most important aspect of your life after your dean. Because without having your finances in order, you will notice that your life becomes turbulent again. And that is what you end up worrying about the whole time. If that is not in check. And I'd like to give you an example. You know, you will find two types of people that will come to the masjid five times a day, you'll find two types of people that come to the masjid five times a day. person number one is that

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the alpha is his ultimate concern. And that is why he's in the masjid five times a day. You know, this is a level that you want to try to reach in your mind so that you can reach five times a day. The second type of person that is in the masjid five times a day, is the person that has no financial worries whatsoever, and doesn't know what to do with his time. So he's like, let me come to the messages. And that is financial freedom. You know, when you think about financial freedom, financial freedom means that you know what, I don't have to worry about money anymore. Let me spend my time in the machine. Let me focus my time worshiping Allah subhana wa Tada. So that is what we're

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trying to aim at. So now what I want to do in this exercise besides Allah, if you can get out a clean sheet of paper, get out a clean sheet of paper. I think a human needs a clean sheet of paper. Correct?

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Okay, and I want you to number it one to 10. So just numbered one to 10. And I'm going to be asking questions, and then based upon that, you're going to just write the answers. Okay, so I'll be asking questions. And I just want you to write the answers to these questions. Okay.

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So, the way this is going to work, if I can just have everyone's attention, the way this is going to work, I'm going to give you part of a sentence, and I want you to finish off the sentence for me. So if you've ever played like the, what's that game called ad libs, or Mad Libs, or something like that? Mad Libs, you know, you have the beginning of the sentence, and you just need to finish off the ending of the sentence. Okay. So with each question, I will give you the beginning of the sentence, and I need you to finish it off for me. Does everyone understand? Okay.

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So question number one.

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People with money are.dot.so. I want you to finish off that sentence. People with money are dot, dot, dot.

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And you can put one word or you can put a whole sentence, whatever you like. People with money are dot dot, dot.

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Sorry, number one is finished. And I'll go on to number two after that.

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Yeah, dot dot dot. You answer that.

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You put dot, dot, dot, I want you to

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I want you to put people with money. What are they?

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That's what I want you to put. Okay. Number two, Money makes people dot dot dot. Money makes people dot dot dot.

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Money makes people dot dot, dot. Don't sell the answer just written. Just write them down.

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Number three, number three

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I would have more money if dot dot dot, I would have more money if dot dot dot.

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More money if dot dot dot

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number five.

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Sorry, sorry, number four, number four. Number four. My parents always taught me money. would.dot.my parents always taught me money. would.dot.my parents always taught me money would.dot.my parents always taught me money would dot dot dot

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number five.

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Number five, money causes dots, dots dot money causes dot dot dot

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number six.

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I'm afraid that if I had more money, I would dot dot dot. I'm afraid that if I had more money, I would dot dot dot.

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I'm afraid that if I had more money, dot dot dot

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number seven, number seven. Money is dot dot dot. Number seven money is dot dot.

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Number eight.

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In order to have more money, I would need to.dot.in order to have more money. I would need to.dot.in order to have more money, I would need to dot dot dot

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number nine. Number nine.

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If I were really rich, I would dot.if I were really rich. I would.dot.if I were really rich. I would dot dot dot

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number 10. Number 10.

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My biggest fear about money is my biggest fear about money. is.dot.my biggest fear about money is dot dot dot

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and just add one more to it. Number 11. Make this number 11.

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And the question is again, money is dot dot dot money is dot dot dot.

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I know that I know this do it again. Money is dot dot dot

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anyone want to watch

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Until the answers, anyone want to volunteer their answers, or you go ahead. So people with money are,

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they're lucky, they're free to do what they like, excellent Money makes people

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more capable of reaching their goals, I'd have more money if

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I worked a second job, excellent. My parents always taught me money would

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be needed to survive. Money causes freedom.

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I'm afraid that if I had more money, I would wasted, sorry, wasted, especially on food, a lot of money is

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hard to accumulate. In order to have more money, I would need to

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predict the stock.

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I'd have to give up my weekends or predict the stock market. Okay, if I were really rich, I would retire my shot.

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My biggest fear about money is

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losing a lot of it at this at once. And then money is

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needed to reach most goals allow. Okay. Now,

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the reason why we did this exercise is to show each and every individual in the room, what their belief system is, you know, there's this concept of BS. So this is your personal bs that you hold inside. And each person has no BS, you know, generally speaking, is a very bad thing over here, it's meant to be a bad word as well, except that it means belief system. So you'll notice that people's belief systems is what actually holds them back. So right now you have just, you know, shown to yourself your relationship with money. Now, generally speaking, looking at YouTube's understanding of money, I would say that, for the most part, it's very positive, except for one thing, and that

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was when we went to money is, he said very hard to accumulate, very hard to accumulate. Whereas in reality, money isn't that hard to accumulate, you know, there are job opportunities everywhere. If you learn how to manage your finances, it's actually very easy to accumulate. So this is your belief system. This is how your relationship with money is. And you need to face this, you need to face this reality. That right now Your mind is programmed to perceive money as this. So generally speaking, when we ask people with money are, the first thing that comes to mind are evil and wicked and corrupt people. And Money makes people greedy and sinful. And you know, those sort of things. If

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I had more money, I would become corrupt and evil, you know, these sort of belief systems, they actually prevent a people from accumulating wealth and getting rich. Now what we want to discuss over here, is that form in Islamic perspective, are such belief systems actually valid? are such belief systems actually valid? And this one we're going to come to discuss within the tala. From my perspective, I believe that to say that money is innately good or innately evil, is not true, that mother and money is neither innately good, nor is it innately evil. And let us look how. The first example is that if you look inside, a Muslim, the poor companions known as I had to suffer, they

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came complaining to the Messenger of Allah sallallahu alayhi wa sallam, and they said, You're rasulillah the Habana, do 30 Bill Joy, that the rich companions, they've run away with all of the rewards. So now here's one point we noticed, remember, we were talking about your worries, look at what the companions are worried about. They said they have 130 below, sure that the rich companions, they've run away with all of the reward. They pray, just like we pray, they fast just like we fast, but they given charity that which we cannot give, but with a given charity, that which we cannot give. So teach us something that we can catch up to them. So the Messenger of Allah sallallahu

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alayhi wa sallam teaches them to say Subhana Allah 33 times Alhamdulillah 33 times Allahu Akbar 33 times. And he goes on to say that anyone who does this will, you know, will not be superseded that no one can beat you, unless they do this or more than that. So now what ends up happening, the rich companions, they learned of this secret that the poor companions were taught. So now the report companions, they come back to the Messenger of Allah, they said, Yara, Allah teach us something more because the rich companions, they've started doing these adkar as well. What did the Messenger of Allah sallallahu alayhi wa sallam respond with? Does anyone know? What did the Messenger of Allah

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says to them say Go ahead.

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No, close. He went on to say vaniqa federal law you're thinking that that is the favor the gift of Allah subhanho wa Taala he gives to whom he pleases he gives to whom he pleases. So here we see money in a very positive light that it is considered a photo from Allah subhanho wa Taala. Number two, you look at the example of Abu Bakar of mine, and I've documented enough that these

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three individuals in particular, they ran the trade routes, not only of Medina, but of the Arabian Peninsula, that if you think about like the three biggest corporations, and our times think about, you know, Google and Apple and maybe Microsoft or Samsung, or one of these companies, they were the equivalent of these three big corporations. Now, the difference is that busy lights are there going to paradise, whereas you know, who knows what's going to happen with those other three corporations, but the way they achieve their paradise was through their wealth, so that anytime the owner was in need, you have a friend donating anything he wanted, so that they would help the Muslim cause. And

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that is how they attained their paradise. And these were three companions that were guaranteed paradise from the other 10 from the 10 that were promised paradise. So this is the positive aspect of it, then the negative aspect of it is that you will notice that in the Quran, Allah subhanho wa Taala. He describes that your wealth and your children are a fitna for you. Right. This is a very common concept in the Quran, your wealth and your children, or if it's not for you. Now look at the, I guess the unfair standard we have, that when it comes to money, all of a sudden we say since Allah subhanho wa Taala, call it a fitna, then all of a sudden, money has to be evil. Does anyone actually

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call their children evil? My children are evil because I'm not calling them a fitna. No Koran. No, we don't. So we've created this unfair double standard. That just because Allah called wealth a fitna and your children, the fitna all of a sudden wealth becomes evil, but your children you know, Mashallah we still love them, we still take care of them. So where's the double standard, so then we need to get back to congruency being fair and just that your wealth and your children, if they bring you closer to Allah, very blessing from Allah subhanho wa Taala. But if they distract you from Allah subhanho wa Taala, then they become a fitna, for you just like was the word. The third thing is that

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you look at the story of cartoon. And Allah subhanaw taala talks about cartoon and how much worse he had on how many camels were needed, just to carry the keys of his treasures. But now, think about that, if you take the wealth away from cartoon, would that make cartoon a good person now? Would the cartoon all of a sudden become you know, an angel or a noble person? No, he wouldn't. That wouldn't change, because the corruption is inside the heart. And by taking away the wealth, you're just curing the sister the symptom and not the actual cause. So what you actually learn from all of this, my dear brothers and sisters, is that wealth is a magnifying glass wealth is a magnifying glass, it

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will magnify what is inside your heart. If your heart is pure, it will magnify that purity. If your heart is corrupt, then it will magnify that corruption. So what you want to look at is the state of your heart before you become rich. And that is why I will, I guess conclude this section of finances by one of the most important principles in Islamic finance. This is by far the most important principle in Islamic finance. And that is your Eman always has to be higher than your finances. Your A man always has to be higher than your finances. Because if that is not the case, that is when people get corrupted by money. That is when people get corrupted by money when they're a man is

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lower than their finances. So make sure that your email is always higher than your finances. Now, with that having being said, how do we actually go about tangibly building finances tangibly building finances, and this is done by two things within the house. And this is done by two things within the hits Allah

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number one. So now if that second sheet of paper that you have if you can just pull that out, and we're going to divide this sheet of paper into two,

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I guess two halves, divide that sheet into two halves. And then you need to you need another actually yeah, turn it over. Excellent. So divided into two halves.

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On the first half, what I would like you to do is to write down all of your monthly expenses, write down all of your monthly expenses. And what I mean by this, this will include if you're paying rent, if you are paying a mortgage, this will include your phone bill, your cell bill, if you have a cable bill, if you have insurance for your car, any type of monthly bill that you have, you're going to add it in as step number one, start writing those numbers down whatever bills you have on a monthly basis, put those in.

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Now, the second thing I want you to do in this section,

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is I want you to think about those expenses that you have that incur like once a year, those expenses that you have that incur once or twice a year. So maybe you need to get your car fixed once or twice a year. You know, perhaps you go on a vacation once or twice a year. What would those things cost and then put that down as well?

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This is part two in the first half of the paper. This is part two in the first half of the paper.

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And then what you want to do with that is that for part two, once you've added that number divided by 12. And that's how much it's costing you a month, divided by 12. And that is how much those activities are costing you per month.

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Excuse me?

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Yes? Are you trying to find out how much those activities will cost you a month. So for example, if you go on a vacation once a year, and that vacation costs you 12 $100, so per month, you end up paying $100 per month for that vacation.

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And then the third thing I would like you to do

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is to add 3000. So number three, is that you add 3000.

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And this number 3000 is the average how much the average person underestimates their expenses. they underestimate their expenses by $3,000 a year, the average person, they will underestimate their expenses by about 3000.

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So now, when you divide 3000 by 12, can anyone actually do that for me? Are you 3000? By 12? Would you get

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250. So you add that 250 to your monthly expenses? So now you have number one was your monthly expenses. Number two was your yearly expenses divided by 12. And number three, is 251. a concern for cats? Number three is 250. So now, that is what you are currently paying a month in terms of your expenses. That is how much you're currently paying a month for your expenses. Anyone want to volunteer that number? Anybody want to volunteer that number?

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Nobody wants to want? Sorry?

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2025 is your monthly expenses.

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You're single.

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That's good. That's good. That's good. Excellent. So 2025 is your monthly expenses. Now what you want to do is

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times this number by three. So this is for everyone times that number by three and divided by two times that number by three, and then divided by two.

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Yeah, for everyone, time is your final number by three and then divided by two, not your not his number, your own.

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Yeah, this after adding 250 so now times that number by three and divided by two. And this is how much you should be earning right now. That number times by three divided by two is how much you should be earning.

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How many people actually earn that much money? Can you raise your hands

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per month, that's how much money you should be earning per month. So only two people are reaching their financial goals so far. Anyone else earning that much money? You you are sorry? Not yet. Not yet. I mean, there's a section that comes up that the the biggest expense you have in your life is taxes, that if you were to multiply everything that you pay, the taxes that you pay are still more than your expenses, but that we'll deal with that later. bentonites Allah, so on average, that is how much money you need to make to stay financially afloat. That is how much money you need to make to stay financially afloat. The second thing you want to look at is how many people put inside their

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budget, a budget for having fun. Did anyone do that? They include their budget having fun, excellent.

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You'll notice that having a budget for having fun is extremely important. And I'll give you why. I'll tell you why.

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My biggest weakness without a shadow of a doubt is chocolate. I love chocolate. You know you put chalk in front of me and I think I could eat it day and night. You as well. Your wife really no dessert letter. Please don't. Please don't. Now chocolate is my fitna. Okay, chocolate is my pfitzner what is the lesson we learned from chocolate and having fun? You'll notice that from time to time I'll go on these, you know ridiculous diets where I won't eat chocolate for like a month. And you know, by day 29 I'm so proud of myself. I'm like Allahu Akbar. 29 days no chocolate day 30 comes in what happens? You I get invited to someone's house. They have chocolate cake, they'll have

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some key or they'll have some flour, and you know every step of dessert, and like, you know what, I've been good for 29 days.

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There's one day count on me. So I'll have one dessert, a second dessert, a third dessert, a fourth dessert. And you notice that all of a sudden, I skipped dinner and dessert. The lesson you learned from this is that your heart, it has a similar concept, it needs to have fun. And most of us, we won't consciously budget our fun in. So we'll be extremely strict on ourselves deprive ourselves of a social life, deprive ourselves of any aspect of fun. And then when your 30th day comes, all of a sudden, you end up spending like $200 on a pair of shoes, you know, maybe $100 on the wallet, and what else do we buy, you know, maybe a $700 cell phone. And at the end of the day, you're like, Man,

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what on earth did I just do, what ended up happening was you're squeezing your concept of fun too much. And then it exploded on you. Just like my love for chocolate that on that 30th day, that's what happens. So you'll notice that one of the hidden expenses in your life is the concept of having fun. So in order to make sure that you don't splurge on that 30th day, you have to budget it into your expenses, you have to budget it into your expenses. Now I know it's time for selected a shot, but we're gonna delay stuff for like five or 10 minutes with the lights on, and then we'll pray. So now that's in terms of your expenses and how much you need to be earning in order to be financially

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free.

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We move on to the second half of the paper, the second half of the paper,

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what I want you to do is, and the second half of the paper, is just to take some brief notes, some brief notes, I'll tell you where people make fundamental mistakes in terms of income that they have. Number one is that people generally speaking, restricted themselves to one source of income, they will restrict themselves to one source of income. And this is like one of the biggest mistakes of the 21st century, the living in the decade and in the century that we live in now. You're not restricted to worry one source of income, that just because you have, you know, one steady job, it doesn't mean that needs to be your only source of income. So you'll notice that you're talented and

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passionate about other things. Some people may be talented and passionate about tutoring and educating, then this could possibly become another source of income, another person may be good at graphic designing. So this may not be their profession, but they're passionate about it, they can make this a second source of income. So now you want to focus on what your passions are and what your talents are. And try to use that as a second source of income. And don't restrict your belief system, hey, just because I have a steady job. That's all the income I need. No, that's not the case. But you can have a second source of income. And there's nothing wrong with that. Number two,

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is you want to make sure that your access to money is extremely difficult, your access to money is extremely difficult. So your money that comes in on a regular basis, your income, you want to divide it into three sections right away, three sections right away. Number one is your checking account. And this will have just enough money to pay off your expenses, and a little bit more. So your checking account should have just a little bit of money in it that just enough to pay off your monthly expenses. And a little bit more than that. Then number two, is what you will call your emergency fund. Number two is what we will call your emergency fund. And this will be like a savings

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account. And this accounted all times should have six months worth of expenses in it. Your second account should be your savings account. And they should have six months of expenses in it at all times that it should never go below that. So for example, if you ever take money out of that savings account, then you need to pull that money back in because you want to stay afloat for six months. And this is good, especially in turbulent times when there's instability in the economy. That if you ever get fired, if you ever lose your job for six months, you know you're guaranteed to stay afloat. And when you actually start budgeting, you'll notice that six months can easily easily be turned

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into eight to 10 months without a problem within it. Tada. Then the third account you want to have with your with your income. This is like long term savings. Generally speaking, we call this like a retirement fund. But this is just like long term savings. So for example, if you haven't gone for hygiene yet, then this is the money where your hedge will come from. If you want to buy your parents like a new house or a new car, then this is where it's going to come from. If you need to, you know invest in your child's education they need to go to university, then this is where that money is going to come from. And that is where the rest of the money will go. So, in your first account, you

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want to make sure that your expenses are taken care of. And your second account you always have six months and this is accessible. And then the third account is that your long term savings and this should be the hardest hardest money to touch. So for example, you want to put it in like such a difficult place that you may even want to put in like in a different country, like open up like an offshore account in like Bermuda or something that the only way to access it is that you have to fly to Bermuda to get this money. That is how difficult it should be. Now why do we put these stringent conditions is because again,

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I want you to think about

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people who again, I'm going to relate this to dieting again, because this is like my personal struggle, people who are trying to diet, the word, the worst thing that you can ever do is just put like food in front of them. So you'll notice that secretaries that work at an office, what do they always have on their table, they'll always have like a bowl of candy, they'll always have like a bowl of candy. And then if you were to actually count, the number of times a secretary will eat that candy herself. She does it unconsciously, he does it unconsciously, they just don't think about it, they do it because it's so easily accessible. Similarly, with your wealth, when you have a whole

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bunch of money just lying in front of you, your mind and your heart starts to tell you, you know what, let me go and spend this money. Since you haven't accessible let me go buy like the iPhone five, even though it's absolute rubbish, you know, let me go buy like the s3, let me go buy a new car, let me go buy, you know, whatever your worth is, it's like, let me go and use it. However, when that wealth is not in front of you, you notice that you're getting by with a lot less money, you notice that you're getting by with a lot less money. Now the fourth and last thing I will mention over here

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is that you remember the most important principle in Islamic Finance, we learned what was that principle,

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a man over finance that you always have to make sure your demand is higher than your finances. And the way that relates in with your finance is that you have to make sure you have charity, in automatic mode charity in automatic mode. What does that mean? That means that you'll notice that charity organizations, they have like this pre paid thing. So for example, you give them your bank account details or your credit card details. And they'll deduct like five or $10 from your account automatically. Now I want you to think about the struggle it is to donate money. Like we all know, when someone asks for money, how difficult it is for us to actually donate that money. Whereas when

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you have it in automatic mode, you don't even need to think about it, it's already donated. This is the cause of Baduk. And your wealth, this is a cause of your worth being purified. And this is a cause of you incurring good deeds. So you want to make sure that from your wealth, you have that automatic sadaqa find a charity organization that you trust, and withdraw whatever it is 510 $15 $20 a month. So it's automatically blessing your wealth for you. And it's not a conscious decision that you have to make each month or each year, because it's automatically happening, it's automatically happening.

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Now that In summary, is your understanding of finances built in later on. I know we have five more categories, and I want to actually cover all, you know five of them today, but it's just not reasonable. So what we will be doing with Knights on next week's halaqa was supposed to we're supposed to start off by talking about marriage. So we're going to delay the marriage one by one more week. And we'll talk about the other five aspects of your life. So we'll talk about health, we'll talk about family, we'll talk about career. What else is there? health, family, career, social life and your emotions. Those five things within life, Allah will dedicate a whole halaqa to next

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Friday be the lights Allah and then we'll start talking about marriage, the ruling on marriage, how to get married and the problems with getting married and all that other fun stuff with the lights Allah. So it is Akuma lokalen Allahu taala Allah, I'll open up the floor for three questions and then we go for Salah inshallah, and you will have three quick questions. Three quick questions, go ahead

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and dimension the

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the true nature of this world, and how all true happiness will only be attained in the hereafter. So the trials that we face in this world, they remind us that the life of this world is filled with pain, it's filled with misery, and the only time you will truly be without pain and misery is in the life of the hereafter. It's not something you'll attain in this world. And the other two quick questions Going once,

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going twice.

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Sold, actually go ahead a lot.

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Excellent. Excellent. Excellent. So the concept of zoid in Islam, I was actually hoping someone would ask about this. One of the students have a mama behind it for him Allah Mohammed Hasina shibani, he was asked once, will you not write for us a book in the desert? And he responded by saying, I've already written a book for you in blue. Now, let me explain this in English. He said he was asked Will you not write a book for us pertaining to asceticism, and how we should be disattached from this dunya and he responded by saying, I've already written a book for you in Islamic transactions or financial transactions. The point he was trying to make is that the correct

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understanding of Zod according to our predecessors is that one should stay away from those things which are doubtful and hold on. Once you stay away from those things which are doubtful

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And hold on. And as long as a person is doing that he has fulfilled the Islamic requirement observed. Now you will notice that there's an anemic equivalent of Zod as well, and what they will call asceticism. But this has nothing to do with Islam. So people that you know will consciously live in the streets and the poorest of conditions, never breathing, never cutting their hair. And you know, living in the poorest of conditions possible, intentionally islamically this is not correct, that you notice that the Messenger of Allah sallallahu alayhi wa sallam, he survived on the basic minimum. And that is the type of relationship that you want to have, that Allah places the

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dunya in your hands, it places the dunya at your feet, and that's where it stays, it never reaches your heart. So that when the time comes to give, you don't have that struggle of Hey, you know, should I give Should I not give you freely give, because you realize that the Acura is better than this life. And number two, that nothing is given for the sake of Allah, except that it's replaced with something better. So the true concept of Zod is just as you were insinuating, that is that it doesn't reach to your heart and that it just stays in your hand. And now how do you get to that stage? That is why we focused on building of a man first, because if a person does not have a man,

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they want to be able to develop the concept of Zod and an Islamic perspective. And then they'll have that negative reaction and donate all of their money away because they feel bad for themselves. And then they're back to square one. And that's something that we would like to avoid and Allah knows best. Last question.

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kurta we'll conclude with that. Santa Coloma vmdk Chateau La La Land as the filmmaker to bootleg

Moving Forward As A Community Finances Part I
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