In 2016 I wrote my very first book. It was a goal of mine for a long time, but something that was put on the back burner. Based on anecdotal evidence, it seemed to me that there was still a fair amount of financial illiteracy, so this helped motivate me to write a book on a subject I’ve always been interested in: money.
Open the Door to a Wealthier Life is the culmination of years of research, reading, and listening to lectures, not to mention business school. I took what I’ve learned about money management, investing, etc. and packaged it into an easy-to-read book with tips that can be applied right away.
There are plenty of books out there on financial literacy. The kicker with my book, however, is that it’s tailored towards Muslim readers living in Western countries. That is, it takes into consideration Islamic values. For example, since interest-based earning is not allowed in our faith, I point out such investments (i.e. savings accounts, corporate bonds) and offer non-interest-based alternatives. Additionally, when investing in stocks/equities, I point out what is not allowed, such as investing in a company whose primary product is prohibited in Islam (i.e. alcohol). I also present alternatives to a traditional mortgage when it comes to purchasing a home.
The book still has plenty of information that would be useful for people of any faith, though. I begin the book by trying to get readers into the right mindset, one that will help attract success rather than repel it. In addition to tips on earning and saving more, I demystify the stock market and explain how to get started in investing. I wrap up the book with retirement planning tips by breaking down the difference between 401(k)s and IRAs, as well as Traditional IRAs and Roth IRAs.
As I mention in the introduction of the book, it is by no means a get-rich-quick book. Rather, it explains the fundamentals, simplifies the world of investing, and offers a time-tested plan for managing money properly and investing wisely. I truly hope it helps people get on the path to financial freedom.
If this sounds like a book you’d be interested in, please check it out on Amazon.