Bismillah Hirrahman Nirrahim. In the Name of Allah, the Most Gracious, the Most Merciful.
To understand this concept on financial freedom for Muslims, we need to define what it means and how does it apply to our religion in Islam. Muslims are encouraged to seek knowledge and be conscious and aware of the environment they live in. When we talk about finance, we think of money most of the time. Money are resources, something that we use for exchange of goods and therefore Muslims or non Muslims use money to fulfill certain needs or wants which is apparently inevitable in this material world. We use money to buy foods, to pay our house rent, to buy for our daily necessities; we use it in our business transactions and many other things.
Save up! Start with nothing, this statement is a little bit exaggerated because you can’t really do anything with nothing. You have to start where you are with what you have. We all dream to be financially free but the biggest question is where do we start? I reckon you start saving today and open up a savings account and name this account as your financial freedom account. There are many commercial banks that you can open an account for a minimum of 500 pesos or less.
Here are some of the banks that offer this deposit feature.
the last month of the year and it is time for me to lay out and plan our family’s annual budget. In order to summarize our expenses and plan ahead of time, to know if we have enough budget for wants after spending for the needs.
First step is to compute for your annual net income. For example if you are earning Php 20,000.00 a month you multiply it by 13 to include your 13 month pay. On this example you will have a total of Php 260,000.00. Read more →
The Holidays are coming! And you will start to see green lights are on for the season sale back to back in almost every mall in the country.
Filipinos like us love to shop. Forget about budget forget about savings once SM starts to post that BIG 70% sale off. We all scramble and gather to the malls to buy just about anything we want to have. That’s the type of thinking we all have. “it is like once in a life time opportunity”. But do you know how you can make the most of these sale items before you let go of your hard earned money.
I have attended Bo Sanchez’s seminar on how to make millions in stock market. The venue was the Bayanihan Center in Mandaluyong City. It was jam packed with attendees.These days there are really a lot of people who would like to learn about investing and to improve their financial condition.