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Introducing Wealthy Muslim Women: Unlocking the Path to Abundance Discover the Art of Financial Success, Mindset, and More Are you ready to embrace a life of abundance? At Wealthy Muslim Women, we delve into the secrets of financial prosperity, empowering you to transform your mindset, master your budget, conquer debt, plan for retirement, and explore the world of investments. But wealth encompasses more than just money. It’s an all-encompassing concept, embracing valuable assets such as health, relationships, and personal growth. With us, you’ll uncover the true meaning of being wealthy and learn how to achieve it holistically. Visit our website, www.wealthymuslimwomen.us, to embark on a transformative journey. For any inquiries or to share your thoughts, reach out to us at saima@wealthymuslimwomen.us. Join our thriving community of like-minded individuals who strive for prosperity in all aspects of life. Don’t forget to subscribe, rate our content, and spread the word. Together, we can unlock the true potential of wealth and enrich our lives in remarkable ways.
Episodes
Friday Nov 26, 2021
Ep# 73: Money - A Muslim Kid‘s Guide to Getting Wealthy
Friday Nov 26, 2021
Friday Nov 26, 2021
Money - A Muslim Kid’s Guide to Getting Wealthy
“One child, one teacher, one book, one pen can change the world.” -Malala Yousafzai
As my daughter and I were speaking about money during our lock-down, she insisted that other kids must learn about this too. She came up with the idea to share this information in a book.
This book is a pandemic, maternity lock-down blessing.
Albert Einstein stated that Compounding is the greatest gift to mankind.
The earlier the kids learn to invest, the greater the return.
Some ideas to teach kids how to manage their money are:
- Showing them that things cost money. Let them use their allowance money to make purchases at stores, by physically giving the money to the cashier.
- Give allowance. I personally do not believe in giving commissions, which is money for chores. These are normal parts of daily living, you don’t get rewarded for folding your own clothes or washing the dishes.
- Emphasize giving. A small portion of our savings does not belong to us, it belongs to those in need.
- Use Jars for saving, spending, and sharing. Letting them develop smart habits from the beginning.
- Have a family budget meeting.
- Let them think about different ways of making money. And teach them to start retirement accounts early (the magic of compounding).
We are grateful for the positive response, please tune into our conversation on creating this book.
Special thanks to Aisha Gohar, please click here to see her Instagram profile.
And Thank you Mrs. Hashimi for her inspiring podcast for kids.
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