If People Did These 4 Things This Website Wouldn’t Exist

The opening paragraph of our free ebook, A Practical Guide to Debt and Personal Finance for Muslims, provides all of the information you could possibly need to be financially successful in life:

Staying out of debt is easy. All you have to do is live on less than you make. Don’t buy something unless you have the cash for it. Save what you can, and increase the blessing in your wealth by donating regularly. Oh, and stay away from interest at all costs.

1. Spend less than you make, not more.

2. Save what’s leftover.

3. Donate.

4. Don’t get involved in interest.

That’s it. The difficulty is in executing it and changing our behaviors and our way of thinking. Too often we operate out of a paradigm where we assume these things aren’t possible. Some of us have resigned ourselves to a framework where things are “just done a certain way” and don’t challenge it, or work hard to avoid it.

If we, as a community, just did those 4 things, we would be free of debts, we would be a financially prosperous community, and we would be providing an immense amount of benefit to the society around us. Leaving these principles handcuffs us and does the opposite.

We look forward to the day where we can happily shut this website down because people are following these 4 principles. Until then, we’ll do what we can to challenge assumptions and educate people on how to implement this in their lives.


Omar Usman

Omar Usman is a founding member of MuslimMatters, Qalam Institute, Muslim Strategic Initiative, and Debt Free Muslims. He is a regular khateeb and has served in different administrative capacities in various national and local Islamic organizations. You can follow him on Google+ or on Twitter @ibnabeeomar. Check out his latest project at Fiqh of Social Media.

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