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The saverholic

Image courtesy of dan at FreeDigitalPhotos.net

It involves minimal risk saving your money. I always say first save your money in an halal account, once it has reached a particular threshold start investing. The saverholic only saves and saves and saves and cannot afford to take well calculated risks. Because, all you do is to save money. Invest in other markets, the higher the risk the higher the return, diversify your investment portfolio. 

All individuals that have achieved financial growth of great heights are risk takers, and they know that some risk might turn out negative but they know is all part of the process. They learn from it and apply it to the next risk they take and eventually they become experts at the risk they take (risk taken should not be excessive(too much uncertainty)). Then they end up having 80% success rates which I think is good enough.

Make sure your business is halal.  Give charity regularly from your income, Allah loves charity and multiplies it for you in reward. Everything happens  according to the will of Allah. Every should be done for the sake of Allah. Part of doing something for the sake of Allah also means hoping for a reward from Him.

Halal means anything lawful Islamically. 

Keep checking my blog regularly. Cheers!


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