5 Surprising Strategies That Made Me A Millionaire
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- čas přidán 23. 06. 2024
- At the age of 30 we were lucky enough to cross the million mark - a lot of this comes down to chance, background, etc - but there are a few key strategies that we found really helped us on our journey. In this video we breakdown our journey to becoming a millionaire.
We run our investments through Cur8 Capital: cur8.capital/
Remember, with investing, your capital is at risk. This is not financial advice. If in doubt, always talk to a financial advisor.
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00:00 - Introduction
00:43 - 1 - choose what type of millionaire you want to be
06:10 - 2 - quitting my job (strategically)
07:30 - 3 - play to your strengths
08:55 - 4 - the strength of our network
09:56 - 5 - take out-of-the-park swings
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Who are we:
We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world's population with their personal finances.
Islamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys.
We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit: www.islamicfinanceguru.com/ab...
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🙆🏻♂️ Our investment arm, Cur8 Capital - cur8.capital
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Get in Touch:
If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum forum.islamicfinanceguru.com/ - we and the muftis on the forum try to respond to every one!
#investment #startup #investing#shariacompliant #halalinvesting #halalinvestment #islamicfinance #ifg - Jak na to + styl
Imagine being on £150k at 28 and then quitting the job. Credit to you brother. May Allah continue to grant you success. Allahumma Baarik
Brother AS a muslim I need help to start my shopify business but i have not enough fund. Do you know How can I get halal fund .? I am ready to share my equity/stake of my store business
like to collab?
Why don`t you make the same Sterligns in your muslim countries but you need to move to the UK?
@@mp3hipnozy he can make money wherever he wants. Muslims benefit the nation wherever they go like they did during the Ottoman empire. Nothing to do with you
@@okhan21 Heh, why don`t you make your countries prosper like Pakistan, Afganistan? But you invade western countries?
Muslims need to strive to gain wealth and use it to help Muslims.
Ill say to help muslims but also humanity in general. As for example.Dhul Qarnayn did. The victims of Gog and Magod asked him to build a wall for a prize and he refused and said " Just help me". He did not look at their religion. They were just human beings in need of help.
@@MuhammadAli-wy6ku We help non Muslims too through charity, those that are in need but we need to help ourselves as a community too as a priority. The richer we get, the more people we can help out too.
Once a mulla always a mulla.
@@MuhammadAli-wy6ku sure…but we should prioritize Muslims since no one else cares about us as we do. Everyone else gets support from others more than we do from others. Help humanity through helping Muslims
@@HMJKS2000 you are 100 right brother. Jazak Allahu kheyr
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
Kenna Muriel Hesseling is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be very knowledgeable. I found her webpage and read through her resume, educational background, and qualifications, which were all very impressive. I have sent her an email discussing my financial goals.
I swear ya zalama that You are the first muslim that i saw who wants to help other muslims to succeed . Well done brother you are something unprecedented
Its progibited to swear by anything other than Allah
@@KoshurKlicks he didn’t swear it’s like saying I swear man …..
He is the first muslim that wants to help other muslim? You dont have good muslim friends in that case brother. May Allah give you better ones.
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
What steps can I take to engage in this opportunity? I genuinely aim to secure my financial future and am enthusiastic about taking part.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Allah let me see this exactly when I needed it, alhamdulilah and shukran to everyone on your team for all that you'll are doing. Assalamualaykum
I just wanted to thank you for your content. Unfortunately many people dont understand you or dont want to understand you. It is all about making Dua and taking the responsibility. I am thankful for your content. I have a similar background like you and can relate. And now i am searching also to cross the border to real wealth. Thanks for your content.
mA, may Allah increase your wealth and bless you in this world and the next!
Great speaking to you today Ibrahim, I didn't know you're a millionaire, mashallah. I plan to get the before 50 inshallah, ideally in the next 3 years.
This is excellent. Under the entrepreneur strategy I think you could have mentioned the knowledge industry, specifically coaching and courses, where you see many millionnaires and very low relative start up costs. It's not just traditional bricks and mortar setups anymore. The online expert space is very lucrative alhamdulillah
Money is never made without offering values, the more value you create the more money you make, wonderful tips sit
Mashallah, this is really thought-provoking. I'm struggling in working out what I want to do with my career and balancing all the factors I find important: financial security, enjoyment, meaningfulness etc. Glad to have found this channel and learn about IFG. Your purpose resonates with me !
Sallams Ibrahim May Allah bless you and your loved ones. Ive spoken to you several times and you are always friendly, helpful and polite mashallah. Stay blessed. Wsalam
11:30 assalamualaikum I am from india,please need WhatsApp number brother ifg
thank you very much, bro, sometimes it's really frustration to want to help others while you cannot help yourself, i love helping others but being in hard situations make you just think about yourself, inshallah time will pass
Thanks bro, tbh these are things I already knew, but it's good to know that I'm not a millionaire, not because I don't know how, but because I can't be arsed 🤣
I must say that.. this Vlog will remain relevant for the ages to come !!
Big first step is to inculcate a problem solving selfless attitude.
Pick a generic problem in the community.
Use your Intuition to arrive at a solution.
Use it as PoC for multiple iterations, make corrections and trim the solution.
And If it grabs enough attention, you have just landed a voyage of Entrepreneurship !!!
Masha Allah !!
Love you brother. Heard sweet Islamic words
Mashallah what a great CZcams channel! Extremely helpful and information loaded.
May Allah continue to grant you success .Hard work you are doing to succeed young Muslim .
Nice to see you brother ❤❤
You are doing an incredible job . Ma sha allah
I always wanted to start my dreams physically but i seem to be living in my mental world and always be in fantacy... no one knows the bitter world i experience, but i will never give up on the fruits of my desired labor...
I just crossed 28 and left my job also this month. I was earning good as a mobile dev, but things were getting boring. I also wanna be a tech entrepreneur. Inshallah
Thank you for this erudite elucidation of such an important aspect of financial literacy under the Islamic lens ..
Just rewatching this video and an important clarification to make here: like most early-stage entrepreneurs, much of our wealth is currently illiquid and in our company. This is not "in the bank" money. That is very different to a later stage company. Elon Musk we are not lol.
We will inshallah release a video explaining how all this stuff works in the coming weeks. 🙏
Needless to say, this video is shared with a spirit of hopefully helping others earlier in their journey iA with some useful tips.
Thank you for sharing a bit of your journey.
I gave you guys my 500 pounds you guys said we will give you money back within 1 day but it's been 3 days you guys blocked me from whatsapp blocked me from instagram blocked my money guys You people talk about Islam, you are running business in the name of Islam, return my money to me.
From 3.57 onwards: I wouldn't be promoting businessmen who scaled using excessive amounts of interest bearing debt and by owning a chain of alcohol stores. Thought this channel/organisation was setup to promote Shariah compliant trade....
I studied with you.
@@abdullahk8691 where?
I've been looking for a channel like this...
Masha Allah, may allah increase you all in both wealth and Imaan
JazakALLAH brother! You shared such a valuable information. This is a sadaqa! to muslim umah May ALLAH reward you for this. I am starting on a similar path of becoming millionaire using Halal ways. This video add a lot of value to my goal.
Please can you do a video about your cur8 capital arm. I’ve been on the website but don’t feel it is crystal clear. Maybe you can do a talk through of what kind of services you provide. Might help promote it more too.
I studied with this brother!
This is good and will probably get good engagement. People like these kinds of videos as can be seen from Ali Abdaal etc. I think it would have been great without the title focusing on "millionaire". I think that then becomes the focus rather than the valuable frameworks explained. But I'm sure you weighed it up and thought the benefits win over.
Maasha'Allah good advice bro
very informative jazakumullahu khayran
Great video and well presented
When you said In shaa Allah then I immediately subscribed to your channel, because I'm Muslim too.
Thank you my brother I'm muslim software engineer from france and I starve for Islamic finance education and practicing on entrepreneurship, I looke for some networking to have vision and be in good place for maybe an opportunities
Assalamu Alaykum. Thank you so much for this video! I am currently working at a bank that focuses on tech and innovation and currently thinking of ways that Islamic financing could be achieved to allow more people to become the second kind of millionaire. Any advice? Recommendations of sources perhaps?
Brother, it is my first time watching your informative video and thanks for sharing your experience and advice its means a lot for many struggling Muslims.
Quick Question : Can people living outside UK invest in Cur8 VC funds?
Excellent, mashaAllah. I feel that a huge part of your success is your niyyah behind starting your IFG group. May Allah grant you more wealth, but only in your hands and not in your hearts! Ameen!
On a side note, I compare your company to the disastrous and infamous MEN (Muslim Entrepreneur Network). This video immediately exudes trust, while the ones I have seen of MEN, well, the gullible public did have themselves to blame too.
Appreciate the kind words 🙏
Underrated content. Jazakum Allah Khair
Rizq is from ﷲ some people can apply all the knowledge & expertise they have unless ﷲ willed it : it will not happen. Some people have no education and are illiterate & became wealthy. These videos have no real purpose or meaning they are just information. Tawakal and having contententment on what you have is the real success. Chasing wealth at the expense of sacrificing religious morals, ethics & obligations only leads to downfall & misery. If you have been blessed with wealth then you will be asked about it & how you utilised it in this world.
Sometimes not having wealth is a blessing some people don't recognise.
Thanks for the video =)
Good video bro!
Salam, Salam, Salam brother thanks for your time and support for this video it’s really been productive and successful lesson ❤❤❤❤❤❤
Jazakkallah
I would say there is a step before the first step you outlined 'PICK AND LEARN A SKILL' all 3 stratergies require a skill (sales, IT, programming, finance etc)
When I started as 13 years old my vision was the third path still it is and always will be with Allah's order!
Thank you brother. So happy to find a genuine financial channel running by muslims.
Pls do a video explaining islamic finance and if it is available. Muslims do not want to be handed interest based finance disguised in "Islamic clothing" - which is what most Islamic banking really is.
Thank You
I'm an Egyptian living in Bali for a bit over a year now and things are not going so well for me financially and I'm looking for a way because i have had no income at all for a few months now and I'm really stuck
I'm looking forward to the book ... is it released yet?
This was a truly excellent video. Jazakum Allahu khair.
The last segment was very good. Jzk
May allah increase your wealth and increase mine as well, im trying my best making a halal income for myself and family.
the video is truly unique. I keep getting a handful of insights from what you have been saying but I only have one question. In the beginning, you mentioned Morgate (when quitting your job) so my question is it Shariah conform to get one? and don't you think that getting into the investment world can't be 100% halal
Amazing content jzk khair
I am a lawyer in the UK but make nothing like the figure you mentioned in option 1 and itbseems impossible now to retrain in corporate law. Do you have any suggestions on how?
Thank for this insight. So glad I came across this video. Subscribers now.
That Iman Gadzhi opener 😄👍
Steal like an artist - love your channel btw
@@IFGuru If it works, why not? Thanks!
Money is just a number ! Shouldn’t be the end goal !
super
Peace. Good advice. The very high earning lawyers are in a very small minority.
Pharmacies in Australia don’t make that much money however it’s a halal income and it benefits your community, the job satisfaction is high
Maa sha Allah bro,very informative, jazzakallahum kyran
Assalamualaikum, I don't want to be involved in Riba, but all the banks in our country have this, so can you suggest any Global shariah compliant bank where I can open an account as having an account is also very necessary for various reasons, jazakallah khair.
Could try Wahed investment? They have Shariah Comnpliant ISA saving accounts. But not a normal current account type if thats what you are looking for to use for Direct Debits etc. If someone does know that would be great
In’sha’allah
How about if you are a data analyst?
Very good video and it’s very rare I say that.
I am a Muslim based in French and I am exactly the scale in a « boring » business type and hamdoulilah i was able to take decent profit every year and double my revenue every year without touching riba or financing.
Went from 1 show to 7 in 6 years but with 3 in last 6 months. So we really are moving faster and faster by reinvesting 60% of profit and keeping 40%.
We are true to our value, not cheating, not doing riba , giving the best service to clients and we believe allah opened incredible doors for us.
My exit is to sell this business in 2-3 years for a few millions and then do what I really like.
Overall it would have been 10 years of my life to be retired .
Hamdoulilah.
I just want to say that even in « boring » business you can be innovating and do things that have never been done. Kinda disrupting it.
Great video with lots of tips. Mashallah keep it up.
What colour is your Bugatti?
Toyota Prius lol
@@IFGuru 😂
Red bruv 😂
The colour awaits in Jannah😂🎉
It's not necessary to have a Bugatti when you become a millionaire or billionaire.
I want to be a trillionaire just for the sake of my deen
Not everyone's dream is "Bugatti"
i start as an entreupreneur a couple of months ago, i made 0 revenue so far... i feel like i am unworthy of money, or getting rich.. even though i had a really good paid job before. any tips on that?
You need to make that 1 sale. Be desperate about that 1 sale and break through your inhibitions. Then look to repeat.
What if your poor, uneducated, work in retail and lost when it comes to all this high tech world. Any ideas how i can be rich too.
Please let me know any best course or investments because iam tired of my night shift job😢😶🌫️
As'alaam alykum warahmatullah wabarakatuh. I would like start doing business with the currencies like Bitcoin. I have been approached severally with different people online but I have great fear. There is ie the binance etc. Please help me how to get started.
What masters degree can I take to become corporate lawyer?
Asalamualikum i appreciate you program as a muslim but i dont know how i can possibly try to do something similar in my small country sierra leone
how do you define millionnaire?
Salam,
Would like you to shed some light on cashback cards like Chase and Zilch. Are these halal?
I’m a doctor in Germany whose making enough money and trying to save up and invest in something. Sometimes it’s really hard to find stuff that sharia compliant and it’s depressing not gonna lie. Real states are kind of haram , ETFs are haram. I just feel lost
A good soul i can tell ❤
Assalamu aleykum va rahmatulloi va barakatuhu ! Where we can get halal loan for our Amazon fba business ?
The person who signs, and the person who is a witness, and the person who is a recorder, and the person who’s giving that loan with that interest, they will all enter the same place, which is hell the punishment will be the same for all of them
Technically I am a tech millionaire but I don't even have $10K in personal account :)
Same boat 🤑
brother dont put music and women in the videos.
thank you for the knowledge
Assalamualaikum sir.
Please answer me.
Bank nifty is halal or haram ?
Millionaire driving a Prius, must not be in to cars or you’re laser-focussed on your mission, mA 💪
Money comes, money goes.
What and how did you do to have 10K before quitting?
Side hustle for about a year.
Brilliant advice for the Muslims
Aren't mortgages haram since you take on interest?
Jzk very helpful 🙏
So many of these you need money to get into, and if you dont have money then you have to take interest....
Very helpful video. I've been in ecommerce for 3 years but it's a very competitive business and I'm having a hard time making it consistently profitable. I'm a software developer too and eager to create a SaaS product and market with Facebook / Google ads. However everytime I come up with a SaaS idea it is quite comprehensive. Do you have any tips to come up with ideas to develop such SaaS product with great potential to succeed?
Assalamualikum brother, you have a branch in USA I live in NEWYORK , how I do business with you.
AS a Muslim I need help to start my shopify business but i have not enough fund. Do you know How can I get halal fund .? I am ready to share my equity/stake of my store business
So many people (especially Muslims) never aim high enough! I'm a Google ads & specialist and would love to be a part of your network. Don't pay me (happy to contribute and get involved).
thats what i also feel, InschAllah it will be more and more.
yes but google ads aren't halal ads hence haram income, youtube income included etc
Is taking mortage is halal?
because you need to pay interest on mortgage eventually.
Anyone knows how to get a Halal Loan for our Amazon Fba Business ?