Rizqwise

THE PROVIDER'S PARADOX How are you showing affection to your family? If you feel like you need to spend money on your family to show them you love them, you need to watch this. The post 048 – The Provider’s Paradox appeared first on Rizqwise.

Could you use an extra $10,000? If you had an extra $10,000 in your bank, what would you do with it? We've launched our very first pilot project Save10K. The goal here is to help you save 10,000 as fast as possible. The post 047 – How to Save $10K as Fast as Possible appeared first on Rizqwise.

Putting together a budget can be tough, and sticking to it even more challenging. In this episode, we re going to break down how a budget can help control your spending, without making your life miserable. A budget helps put you in charge of your spending and empowers you to make better decisions. The post 046 – How to Build a Budget You Can Stick To appeared first on Rizqwise.

Are you telling yourself these lies about money? In this episode, we're going to debunk the TOP 3 LIES ABOUT MONEY that we love to tell ourselves. If you continue to believe these lies, you're always going to struggle with money. Instead, change your limiting belief into an empowering belief and you ll start making some real changes in your life. The post 045 – Stop Telling Yourself These 3 Lies appeared first on Rizqwise.

Highlight the outcomes of your choices to help you stick to your goals. There s ONE thing that separates people who achieve their financial goals from people who don't? Find out what it is on this Episode (spoiler: it's not how much money you make) The post 044 – What Separates People Who Achieve Their Goals From People Who Don’t appeared first on Rizqwise.

Make 2018 the year that your reach your financial goals. In this episode, we reveal what the first step to achieving your goal is. You'll also learn how to take the steps necessary to achieve your goals. The post 043 – How to Set Financial Goals You Can Actually Achieve appeared first on Rizqwise.

It s almost the end of the year and you know what that means. No, I m not talking about eggnog, boxing day sales, or holiday cookies. I m talking about new year s resolutions. This is the time that we start thinking about what changes we re going to make in our lives. In this episode, we ll explain why you should take the opportunity to think about how you can better manage your money in 2017. The post 042 – Why You Should Do a Year End Money Review appeared first on Rizqwise.

In case you missed it, we released a free video course in Ramadan to help people give more charity. The idea was simple: in Ramadan, many of us pay our zakat and strive to give more sadaqa. We wanted to build a course to help you plan your charitable giving so you could give more than you thought possible. Play Episode The post 041 Reflections on Charity Course appeared first on Rizqwise.

Alhamdulillah, we've entered the last 10 days of Ramadan. This is the time of year that most people like to pay their zakat and give additional charity. But how much charity should you be giving? Well, there's a long answer and a short answer. Play Episode The post 040 – Ask Rizqwise: How much charity should I give? appeared first on Rizqwise.

When do you decide how much charity you're going to give in Ramadan? If you're like most people, the honest answer is: at the very last moment. It's only when you're asked to give, or the opportunity to give arises, that you decide how much you're actually going to give. And that's a shame. Play Episode The post 039 – How to Give More Charity this Ramadan appeared first on Rizqwise.

Do you ever say to yourself: "I really need to get rid of some stuff..." You're not alone. Most of us have a dysfunctional relationship with our stuff. We buy more than we need, usually to fulfill some void that can't be filled by stuff, and then we relegate that stuff to some corner of our homes and forget about it. Play Episode The post 038 – What To Do When You Have Too Much Stuff appeared first on Rizqwise.

Ever go to the mall just for fun? You wouldn't be the first. The culture of shopping is something most of us grew up with... and therefore, don't even think about. Play Episode The post 037 – Why Shopping is the Worst Hobby Ever appeared first on Rizqwise.

What s all this fuss about minimalism? Do a quick Google search and you ll find pages and pages of blogs dedicated to helping people live simpler lives. What exactly is behind all the hype? In his week's episode, we explore the practical benefits of deciding to live a simpler life. Play Episode The post 036 – Five Reasons to Become a Minimalist appeared first on Rizqwise.

The Prophet Muhammad said: The worldly comforts are not for me. I am like a traveller, who takes a rest under a tree in the shade and then goes on his way. In Part 2 of the Sunnah of Minimalism, we take a closer look at how the Prophet chose to engage with the world... and the lessons we can learn from the way he lived. Play Episode The post 035 – The Sunnah of Minimalism (Part Two) appeared first on Rizqwise.

Is it wrong to have money? As Muslims, we often find ourselves caught between two worlds. On one hand, the asceticism of the Prophet Muhammad and his companions is legendary. And we know very well that they are the examples we ought to follow. On the other hand, we have to work hard to establish ourselves, support our families, and strengthen our communities. How do we strike a balance? Play Episode The post 034 – The Sunnah of Minimalism (Part One) appeared first on Rizqwise.

This week's episode is a bit of a departure from our regularly scheduled programming. The Rizqwise team was recently interview on Let the Quran Speak a cable television show that airs on VisionTV in Canada (also available on YouTube) Play Episode The post 033 – Interview: Let the Quran Speak appeared first on Rizqwise.

Debt has a destructive past. Societies characterized by widespread levels of excessive indebtedness, with few exceptions, almost always imploded. Whether it's war, poverty, or good old fashioned pitchfork protesting there's no ignoring the real dangers of what can happen when debt levels spin out of control. Play Episode The post 032 – How Debt Destroys Lives, Communities, and Civilizations appeared first on Rizqwise.

Getting out of debt is an important milestone. But if you're not careful, the same habits that got you into debt can send you right back. In this episode, we outline some practical steps to stay debt free for the rest of your life. Play Episode The post 031 – How to Stay Out of Debt (For Good) appeared first on Rizqwise.

"I get worried about putting all of my savings into investments because of the recent history of the 2008 financial market meltdown and the Bernard Madoff investment scandal. I am kind of a hard core libertarian and I follow Ron Paul's Liberty report. He keeps saying that our economy is going to go bankrupt because the federal reserve keeps printing money." Play Episode The post 030 – Ask Risqwise: Is investing in the stock market risky? appeared first on Rizqwise.

So you've worked out a detailed plan to tackle your debt, you've circled your debt free date on the calendar, and you've begun putting your plan into motion. Here's the good news. You've officially done more than 99% of people who want to get out of debt, but fail to take the steps required to do so. The bad news is you're going to fail. Play Episode The post 029 – How to Get Back on Track With Your Debt Elimination Plan appeared first on Rizqwise.

Everyone starts off with the best of intentions when beginning their debt free journey. But once that initial burst of energy wears off, it's really easy to fall off the wagon at the first sign of trouble. Play Episode The post 028 – Five Tips to Stay Motivated While Paying Off Debt appeared first on Rizqwise.

Should I pay off my low interest student debt according to the schedule and invest? Or put all my money towards paying off the debt first? Play Episode The post 027 – Ask Rizqwise: Should I pay off loans before investing? appeared first on Rizqwise.

What's the best way to pay off your debt? There are two predominant strategies that the experts teach on how to pay down your debt. One makes more mathematical sense, while the other considers the nature of human behaviour. Which one is right for you? It depends on two things: you and your debts. Play Episode The post 026 – Avalanche vs Snowball: Two Very Different Ways to Pay Off Debt appeared first on Rizqwise.

You talked a lot about going 'all in' on debt. But in practical terms, what does that mean? How drastic of a lifestyle change should I be making to tackle my debt? Play Episode The post 025 – Ask Rizqwise: How do I go “all in” on debt? appeared first on Rizqwise.

You've made a commitment to get out of debt. Now what? Most people just stop there. They promise themselves they're going to finally climb out of debt and commit to paying as much of it down as possible. Play Episode The post 024 – How to Set Your Debt Free Date appeared first on Rizqwise.

Do you have a problem with debt? Have you tried getting out of debt unsuccessfully? Or did you manage to get out of debt only to fall back in? The core problem is probably not that you're spending too much money or not earning enough. Those issues might not be helping. But there's probably something more serious that's stopping you from eliminating debt once and for all. Play Episode The post 023 – The Critical First Step to Eliminating Debt Once and For All appeared first on Rizqwise.

We get a LOT of questions about credit cards. It's not surprising, using plastic is just a routine part of our daily lives. We don't even think about it much anymore. In this episode of Ask Rizqwise, we discuss the origins of credit cards (spoiler alert: the goal is to get you spend more) and offer some practical advice on how to stop digging a deeper hole for yourself. Play Episode The post 022 – Ask Rizqwise: Why Credit Cards Make You Spend More Money appeared first on Rizqwise.

Think you can beat the market? You're not alone. It's human nature to want to win at everything. But is it even possible to outperform the market? Is there any evidence to suggest that the markets can be beaten? Play Episode The post 021 – The Great Debate: Active vs Passive Investing appeared first on Rizqwise.

"I have made a lot of poor decisions regarding how I use money . I am working towards marrying a very good brother and we both have debt. I'd like to have a game plan with him so that we enter the marriage with a way forward in terms paying off our debt , saving, and having investments." Play Episode The post 020 – Ask Rizqwise: Getting Married and Out of Debt appeared first on Rizqwise.

People make all sorts of claims about what is and isn't a good investment. "Housing is the safest investment." "Gold is the best place to put your money right now." "This mutual fund has made money for 7 years straight." And so on... Play Episode The post 019 – How to Measure the Performance of Your Investments appeared first on Rizqwise.

Can I make money on currency exchanges? For example, I deposited 100 USD (which was almost the same as $100 CAD) in my US account in 2013. If I were to get them converted to CAD now, I'll get $130 - i.e. I "earned" $30 due to currency exchange. Play Episode The post 018 – Ask Rizqwise: Can I make money trading foreign currency (forex)? appeared first on Rizqwise.

If trading stocks for fun isn't the path to creating wealth what is? The reason people confuse trading with investing is because trading is easier to understand. Buy when they're low and sell when they're high. Simple enough, right? Play Episode The post 017 – Why You Should Never Sell Your Investments appeared first on Rizqwise.

"Budgeting is difficult for me is because I don t have a steady income, it s either more than I need or more often less than I need every month. So I am always struggling to make ends meet. According to the 50/30/20 rule I think I am spending 95% of my income on necessities. And when I cannot meet those ends I tend to borrow and as of today I am not comfortable with the debt I am in. What is your advice for me?" Play Episode The post 016 – Ask Rizqwise: How can I stop living beyond my means? appeared first on Rizqwise.

Investing is about buying and selling stocks, right? Buy low, sell high how much more could there be to it? The financial media, and Hollywood, would lead you to believe that picking the right stocks and timing the market is the path to building wealth. If Warren Buffett did it why can't you? Play Episode The post 015 – The Difference Between Investing and Trading appeared first on Rizqwise.

"I subscribed to this podcast thinking it would provide a good opportunity to learn about how to manage and invest money in an Islamic manner, that is: what to invest in, what to stay away from, etc. All of the tips, however, are geared towards an un Islamic financial system. Take the compounding example for instance. You mention that it can apply to non-interest bearing investments, but give no example of how that is possible in the actual podcast." Play Episode The post 014 – Ask Rizqwise: Isn’t compound interest haram? appeared first on Rizqwise.

Is your house an investment? What about education? Is that an investment? In this episode, we're going to take back the word investing and clarify, once and for all, what an investment actually is and what it's not. Play Episode The post 013 – The Only Two Investments that Actually Make Money appeared first on Rizqwise.

"Should I invest with a large investment firm or learn to invest in stocks on my own? I am not confident in the latter but don't feel like being duped by the former." Play Episode The post 012 – Ask Rizqwise: Should I invest on my own or hire a professional? appeared first on Rizqwise.

We've got some bad news for you. You know that money you have sitting in the bank? The money you worked really hard to earn? Tomorrow, it's going to be worth less than it is today. And the day after that, it'll be worth even less. Eventually as the days, months, and years pass if it stays in the bank it'll eventually become worthless (dramatization). Play Episode The post 011 – Why Your Money Loses Value Every Single Day appeared first on Rizqwise.

I'm getting married and we recently started discussing joint finances. I'll probably be the sole income for the first few years while she pays off her student loans. We've been having a discussion about renting/owning a place to live. She'd like to rent, but I don't know, I feel like it's throwing away money. And if I can earn enough for a downpayment before we get married, wouldn't it just make sense to put that money into owning a place to live? Play Episode The post 010 – Ask Rizqwise: Should I buy or rent a house? appeared first on Rizqwise.

Why do budgets fail? Despite the best of intentions, there are 3 very common mistakes people tend to make when going through the budgets process. Learn how to avoid these mistakes and you'll do better than 99% of people. Play Episode The post 009 – Three Reasons Why Budgets Fail appeared first on Rizqwise.

In the first instalment of Ask Rizqwise, Ahmad kicks things off with a question about irregular and unexpected expenses. How do you budget for the things that are hard to budget for? Play Episode The post 008 – Ask Rizqwise: How do I Budget for Irregular Expenses? appeared first on Rizqwise.

Does the thought of building a budget bore you to tears? You're not alone. For most people, the very thought of tracking their spending is enough to induce anxiety attacks and severe migraines. But budgeting doesn't have to be as painful as it sounds. Play Episode The post 007 – How to Build a Budget that Works appeared first on Rizqwise.

It's easy to identify all the things you're doing wrong with your money... but how do you do it right? In this episode, we pay lay out 7 simple and timeless rules to get the most out of your money. Play Episode The post 006 – Seven Simple Rules to Master Your Money appeared first on Rizqwise.

You probably have some deep-seated beliefs about money that are not only wrong -- but also destructive to your financial future. Here are 5 of the most common lies about money that will steer you in the wrong direction. Play Episode The post 005 – Five Lies About Money That Are Holding You Back appeared first on Rizqwise.

Why do you have such a hard time achieving your goals? Are you not disciplined enough? Not enough will power? The truth is a bit less dramatic than that. It turns out willpower and discipline are like muscles if you use them over and over again without rest, they get tired. Play Episode The post 004 – Why Discipline Is Not Enough to Change Your Financial Habits appeared first on Rizqwise.

Good intentions won't simply make all your problems go away. But good intentions won't simply make all your problems go away. To bring those intentions to life, you need to turn them into actionable goals that will drive your behaviour. Play Episode The post 003 – How to Turn Good Intentions Into Actionable Goals appeared first on Rizqwise.

The Prophet Muhammad said: "Verily, actions are judged by intentions." If you don't have a clear intention for why you're earning money and seeking wealth, it's no wonder you're not making progress. Play Episode The post 002 – Why Intention is the Key to Financial Success appeared first on Rizqwise.

Most people have a dysfunctional relationship with money. They try not to think about it because, let's face it, it's usually an uncomfortable topic. And they really only pay attention when there's a major crisis (or purchase). Play Episode The post 001 – The Problem With Letting Money Run Your Life appeared first on Rizqwise.