Being Financially Empowered - Stocks, Crypto, Real Estate & More | Hajj Wissam Bazzi | MYC

33 المشاهدات· 24/03/22

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[0:11][Music] regime [Music] dream [Music] [Music] [Music] what [Music] so thank you

[2:36][Music] [Music] [Music] again [Music] love [Music] foreign feel [Music] muhammad so

[4:40]i sense brother mustafa thank you for your great recitation let's give

[4:44]him a lot dear brothers and sisters once again i'd like to

[4:59]welcome you to our weekly mic friday night programs just a few

[5:01]quick announcements before we begin please remember to observe social distancing and

[5:06]keeping up your mask and please keep your phone on silent at

[5:10]all times please and in addition after tomorrow so sunday night we

[5:15]have our molid which is the celebration of the birth of imam

[5:20]mehdi sharif uh our english program being at six o'clock 6 p.m

[5:22]and our arabic program being at 7 so please don't forget to

[5:26]join us there as well inshallah the theme of our night will

[5:33]be being financially empowered stocks crypto real estate and more and we

[5:37]have with us two distinguished guests and brother ali bazi who will

[5:43]be speaking about the essence which is being spiritual through your finances

[5:48]so does that mean my lambo will get me closer to allah

[5:51]much faster zero to sixty insha allah i mean once we get

[5:57]that lambo so please help me welcome our distinguished guest to the

[6:06]stage after allah um it's a pleasure to be here uh so

[6:36]i think okay i think we can uh start off with just

[6:39]like a brief introduction uh would you like to go first just

[6:43]tell us a little bit about yourself and what you're doing [Music]

[7:00]foreign first of all thank you guys for again coming out um

[7:08]masha'allah it's the first time i really see it heavier on the

[7:13]brothers side than the sister's side so this is this is something

[7:20]that's um kind of weird to look at from from up here

[7:23]but alhamdulillah this is good this is good yes it's more inclined

[7:29]than us so it's it's it's good um so overall um alhamdulillah

[7:38]i've kind of taken uh perspective on this to kind of move

[7:41]to the side of understanding money like why is money important why

[7:47]are finance is important what does it mean to be financially empowered

[7:52]with with me what i did is tried to understand that because

[7:57]in the beginning i had a really weird understanding of of money

[8:06]i didn't know how to think about money especially religion what does

[8:09]it say about money and a lot of us we struggle with

[8:14]that should i seek should i go should i or is money

[8:18]money is evil it's the root of all evil even says that

[8:20]in the bible so i went on a journey and to try

[8:26]to figure that out i was reading books i was going through

[8:29]stuff and i just i needed to know so what i did

[8:39]is i really took a hard line and just went for certain

[8:43]things that i wanted to achieve and when i did that i

[8:50]became the vb uh vp visited the vp of business development for

[8:53]um like a multi-million dollar company i was the national sales director

[9:02]for you know for a certain company as well and i began

[9:05]to understand okay is it the money that makes you or are

[9:10]you that may are you the person who makes the money which

[9:14]controls which thing controls which when i did that i actually went

[9:20]through a phase where i started speaking and i started speaking on

[9:25]a corporate level i was on stage with people like les brown

[9:29]david goggins jerick robbins the son of tony robbins and i was

[9:36]representing at that kind of level and it's those are like the

[9:43]top people in the motivational industry so when i kind of was

[9:47]sharing that stage through the company obviously i was working for and

[9:51]it was a great company you begin to realize the kind of

[9:56]empowerment that you can attain through financial stability financial strength an ability

[10:05]to move and not just move people within our culture i have

[10:13]many clients who are not within our faith not within our language

[10:20]not within i have people from all over the world and it

[10:24]gave me a stage to speak at a completely different level i

[10:29]got then nominated to speak headquarters of amazon then from there i

[10:38]had a ted talk and just things keep building from one step

[10:42]to the next when i decided to kind of move on from

[10:47]there i what i did is basically i i started becoming a

[10:53]a coach a life coach empowerment coach and what i do overall

[11:03]is i take your life and i help you manage it at

[11:06]a completely different level and basically it's a six step process it's

[11:11]finances family and relationships self-development slash character development spirituality community and networking

[11:21]and your own health these are the six categories you have to

[11:27]balance in life and once you understand that it's amazing when people

[11:32]start coming up through this program and in certain companies that was

[11:36]involved with you have 20 you have people who are like 22

[11:40]to 25 years of age some of them making two hundred to

[11:45]five hundred thousand dollars a year that's a lot of money but

[11:49]these programs can really help you get to a whole nother level

[11:53]and we will discuss further what it means to have money how

[11:58]do you take money and you actually empower yourself as a person

[12:02]and not just empowerment in terms of being able to buy something

[12:07]no empower your own heart where you take yourself to another level

[12:12]and you utilize money in the right way and the right path

[12:15]and what happens there where you take yourself spiritually to another level

[12:19]you can be a financial giant but a spiritual giant as well

[12:25]through money how do you utilize that that's the key so we'll

[12:29]talk about that a little bit as we move forward but that's

[12:32]what i do now i'm essentially a life coach and i speak

[12:38]allah you know alhamdulillah i've been almost all over the united states

[12:43]i've been overseas as well and i'm grateful to have um kind

[12:49]of stepped into those shoes because i i really enjoy and i

[12:52]love what i do and i love empowering people and i love

[12:56]showing people that okay you know what you could do something that's

[13:01]really phenomenal and i'll give you a quick example and do with

[13:07]this um just one of my clients just got to be we

[13:10]were together last year and just today he called me and he's

[13:17]like i just became the ceo of the whole company which is

[13:20]a huge company and we were sitting down and once we sat

[13:27]down last year he told me is that possible i said anything

[13:31]is possible and he actually did it this is the power you

[13:37]want to go after but at the end of the day your

[13:39]shoulders have to hold that weight so thank gosh so my background

[13:48]isn't as exciting as sasha sams uh but um for me like

[13:51]i guess like just to kind of summarize that i uh i'm

[13:55]still like on the journey to it still learning uh and then

[13:59]something that uh the hajj mentioned is you know does the money

[14:03]define you uh or is it you that brings the money you

[14:07]know and so that's kind of like where i'm at right now

[14:10]is just kind of like reflecting on that and then and then

[14:14]just kind of understanding how money and character and ambition and uh

[14:17]you know having a vision in life uh how that plays a

[14:21]role in your income you know um so actually has since since

[14:27]i mentioned that again i actually wanted to talk to you about

[14:30]it uh some more and and that is like you know how

[14:32]does money define a person you know does the money define them

[14:38]or you know is it the other way around i i think

[14:40]that's an excellent question and let me just say right off the

[14:47]bat what our religion states about money we have to understand this

[14:51]because there's a major misunderstanding and a concept that needs to be

[14:54]kind of eradicated that there's two concepts contentment and asceticism which is

[15:06]contentment you know and asceticism which is we take these concepts to

[15:11]be content to be satisfied i should be satisfied with the lowest

[15:15]amount of money i should be satisfied by disconnecting myself from this

[15:21]world i should be you know i should be indifferent you know

[15:26]to having money is that what it means that's not what it

[15:30]means it's a wrong way of understanding so we have to understand

[15:36]those two concepts so the first thing is money is not evil

[15:40]it's not an evil thing what you do with money is evil

[15:46]when we understand that and i can sit here and tell you

[15:53]that some people do a lot of crazy things using the quran

[15:57]and they justify it through that so anything can be looked at

[16:01]as evil but it's what the people who what you do with

[16:06]it at the end of the day so we have to get

[16:07]that out of the way when you understand that money is not

[16:11]evil then you begin to understand okay so should i pursue it

[16:19]how should i think about it how should i feel should i

[16:23]love money should i not love money wait wait something love money

[16:26]what are you something wrong with you it's a nama of allah

[16:36]to love it as a means to allah it's the most beautiful

[16:43]thing you can have it's part of your own spirituality so these

[16:48]two meanings don't mean that you should settle and take the religion

[16:56]and it holds you around your neck and you should never try

[17:00]to accumulate any kind of wealth or assets in this life because

[17:05]we blame the religion for that the religion doesn't say that it

[17:10]literally in the quran it says it says wealth and children are

[17:20]the dormants of this world but further we'll get into it a

[17:25]little bit further but at the end of the day we have

[17:28]to get that concept out of the way money is not evil

[17:34]seeking money is not evil as long as money is a means

[17:35]to attaining the hereafter and money becomes a means of you giving

[17:40]it to other people you taking care of your community you giving

[17:46]your knowledge when you need to that's what you why you strive

[17:50]for that so you connect it on that level and i'll finish

[17:56]with this in the quran it says allah states that surely the

[18:10]hereafter is better for you than the now the target is there

[18:14]that's what we have to understand if you connect zohid and riddha

[18:19]properly you will realize that the end goal is where it's the

[18:25]hereafter in surely you're going to meet allah the goal is to

[18:33]get to who allah that's the first you'll attain the first level

[18:39]there the second is this it states on that level now you

[18:50]start to understand i need to go after this world but for

[18:55]what reason for what reason so i can accumulate to help others

[19:04]to do the right thing and i'm not attached my heart is

[19:08]not attached to the money my heart is attached where to the

[19:15]hereafter this is the key point in terms of checking your own

[19:20]heart here's the key you want to know if you have it

[19:23]if you have truly if you have indifference in your heart when

[19:27]you lose something when you lose money you make a bad deal

[19:33]your stocks go down what happens to your heart in the quran

[19:40]it states don't get upset about what you have lost and don't

[19:47]get over excited with what you will with what you have gained

[19:52]that's so on that level the quran states that so when you

[19:59]lose something are you attached to it do you get mad are

[20:07]you upset or when you gain something do you start showing off

[20:12]do you want the people to see check your heart when that

[20:19]happens and you'll know if you are truly attached to material or

[20:23]attached where to the hereafter if it's truly a means and you

[20:31]lose it it doesn't matter because you're hitting your target anyway if

[20:36]it's truly a means and you say to yourself money is a

[20:41]means to allah so that's these two concepts we have to define

[20:45]in terms of you have to kind of sign those on your

[20:51]own heart contentment and what indifference of the heart you have to

[20:55]understand the emotional code first so actually as you were speaking i

[21:01]remembered something so at work i never mentioned what i do so

[21:06]uh like career-wise i i'm a sales manager at uh at a

[21:08]local business uh and so part of my job is training you

[21:11]know the sales staff and overseeing you know all their sales and

[21:16]stuff um and and part of that is also like getting involved

[21:17]in their personal lives you know and understanding like what kind of

[21:20]goals they have for themselves that they're trying to achieve and then

[21:23]how can they make their job kind of be a means to

[21:26]getting to those goals and so something that my my trainer taught

[21:29]me and that i pass on to you know the sales staff

[21:32]is i tell them you know what's your what's your target that

[21:34]you're trying to reach um and there's a reason why i call

[21:37]it a target and not a goal so a target is where

[21:40]you want to be at the end right so like as i

[21:42]mentioned the hereafter would be your target and then between the you

[21:45]and the target you got to have goals right and those goals

[21:49]are going to get you the means to getting to the target

[21:53]and then you know from there once you hit those goals it

[21:55]can go either way you know your reaction and how you react

[21:58]once you hit those goals it can determine you know whether you're

[22:01]still on the path to reaching your uh uh your target or

[22:07]not um and so uh how do we how do we find

[22:11]our target and then how do we make sure that we're working

[22:14]towards that target excellent excellent as as we said once you understand

[22:23]those two parts let's get into a little bit of business okay

[22:28]if you are looking towards business you need to start looking into

[22:34]accounting it's the number one thing so any business any formulation if

[22:41]you are let's say the target is to kind of hit that

[22:46]target let's say we're here to talk business okay business is a

[22:50]50 50 trade that's satisfactory for both sides i'm going to repeat

[22:54]that business is a 50 50 trade that's satisfactory for both sides

[23:00]and when you understand that that in business i have to lay

[23:08]out what my expectations i have to tell you what i want

[23:12]we have a lot of trouble with this overall we use relationship

[23:18]rules for business rules i'm gonna explain the difference in terms of

[23:24]the target if business is our target let's go into it just

[23:27]a little bit what are relationship rules and what are business rules

[23:31]really quickly okay relationship rules one of the main rules of relationships

[23:40]is you give without wanting anything in return who agrees with that

[23:48]imagine you go into your you know you get married and then

[23:53]your husband comes in and he's like you know what we signed

[23:57]a contract and all you guys go by is by your rights

[24:03]and his rights god help you okay at the end of the

[24:08]day when you start understanding that relationships are when i give you

[24:16]something i want nothing in return i do it because i want

[24:22]you to be happy i'm in servitude of my wife i'm in

[24:25]servitude of my husband oh okay that came out wrong anyways but

[24:31]from there these days allah said anyways so that's relationship rules business

[24:48]rules is a 50 50 trade meaning i have to lay out

[24:53]my expectations for the other person i have to state what i

[24:58]want i have to tell the person here are my expectations and

[25:02]the person says the same thing i get what i want and

[25:07]you get what you want it's an exchange so imagine right now

[25:13]let's say when somebody hears the word business and it has a

[25:17]negative connotation let me show you why business is so important imagine

[25:22]you had to right now go home and you have to build

[25:28]a fire inside your basement because you know what you don't want

[25:33]to trade with anyone because you don't want heat then you have

[25:36]to run the water you have to go get water because you

[25:40]don't want to pay the utility bill and then you know what

[25:46]i don't want to get gasoline because i don't want to trade

[25:51]why don't you try to invent every single one of those things

[25:53]what would happen or when the heat builds when the heat build

[26:03]comes we're more than happy to what trade we have to trade

[26:09]so on that level understand business is not a bad thing what

[26:17]did he do what was he he was a merchant he was

[26:26]a businessman so business is not bad okay here's what happens with

[26:29]this concept a lot of us we use relationship rules for what

[26:37]business rules why because we want people to trust us i go

[26:42]into business with you because i trust you and i tell you

[26:46]things you know what let's not write things down it's okay as

[26:52]we say in our culture it's okay doesn't matter you're using a

[27:00]moral system it doesn't work you're going to destroy the relationship and

[27:03]you're going to destroy the business whenever you're trading with anyone lay

[27:08]down your expectations have that be one of your goals in terms

[27:14]of a business understanding when you do that and you understand the

[27:17]differences between both sides then you go into business you can have

[27:22]great business relationships and great personal relationships a lot of my clients

[27:31]become my personal friends why because we do the business right we

[27:39]don't get in financial trouble we don't do that because you have

[27:46]to take care of the business side our community is growing in

[27:50]this and i love it i love what i'm seeing some of

[27:52]the youth are taking on some major projects and some of them

[28:00]in business government it's amazing what's happening in the community so seek

[28:06]drive go it doesn't matter if you have a business sense go

[28:11]after it so the target in terms of that and i'll give

[28:19]you one more thing just really quick if you want goals there

[28:24]are three types of goals process performance and outcome goals okay i'm

[28:29]going to repeat that i'm going to repeat it process performance and

[28:32]outcome goals what are these a process goal i'll start with the

[28:39]end an outcome goal think of an outcome as something like your

[28:46]final grade on in the semester okay that's an outcome goal a

[28:53]performance goal and a performance measure is something that that's your grade

[28:59]let's say on an exam and a process goal is the way

[29:07]you study so let's say you get your exam and you got

[29:12]a scene you didn't like it that means your process the way

[29:20]you study is not correct so you have to understand these things

[29:22]in the way they work process performance and outcome goals once you

[29:27]understand the stepping stone process you can really set things up man

[29:31]you can set a goal like a year to two years to

[29:35]five years from now you can hit it even early if you

[29:40]just understand how this stuff works your mind is programmed to get

[29:46]certain things and it's amazing if you download the right information in

[29:48]it and how you can take leadership over certain things so those

[29:54]are some of the things i would tell you so understand the

[29:57]way goals work but understand also what how business works versus relationships

[30:05]you know just kind of build off of what you said uh

[30:09]i think that also understanding like your why you know why you

[30:13]do what you do why you're doing what you're doing uh i

[30:16]think that that really influences your goals uh really helps you with

[30:19]attaining the targets that you're trying to attain attaining those goals that

[30:22]you're trying to hit um like an example of this uh i

[30:25]remember like when i was when i was training one of my

[30:29]colleagues uh you know she just didn't have any motivation at work

[30:33]like zero motivation and you know i mean we work in sales

[30:36]and like you know i mean i think you can agree uh

[30:38]nobody has the potential that a salesperson has like when it comes

[30:42]to money nobody has the potential that a sales person has because

[30:45]a salesperson owns their their their income you know you work hard

[30:50]you get rewarded for it you don't work hard you get you

[30:52]know equally what you put in and so for her i just

[30:55]saw that there was no motivation and so you know from talking

[30:58]to her i asked her i'm like you know why why did

[31:00]you get a job to begin with you know she's living with

[31:03]her mom she's divorced she's got a daughter and i told her

[31:06]why'd you work i mean if your mother you know she she

[31:08]does well and you know she's taking care of you and your

[31:10]daughter why did you get this job done you know why would

[31:12]you do this to yourself why would you put yourself through this

[31:15]and the more we started talking to her the more she realized

[31:19]like she just wants a better life for her daughter you know

[31:21]that's what's motivating her is her daughter and so we focused a

[31:25]lot on that and and you know just her changing her her

[31:29]perspective changing her mindset and seeing her daughter as her driving force

[31:32]uh instantly like we you know we saw a difference in her

[31:37]numbers her her work got new meaning there was new definition to

[31:39]what she was doing um because now she had a purpose she

[31:43]had like she knew her why right would you agree with that

[31:46]yes absolutely so taco you know i mean sure yeah i'll build

[31:49]off of what you just said so the first thing that comes

[31:53]to mind as as you're um kind of elaborating um how many

[31:58]people here don't like sales raise your hand it's okay raise your

[32:04]hand how many people well sales how many okay here let me

[32:11]say this how many people think a sales person is evil oh

[32:15]see you laugh there's those are giggles for for a reason because

[32:19]there's a negative connotation to sales what are you trying to sell

[32:25]me okay so as soon as someone tried let me give you

[32:27]a little bit of psychology first when someone tries to sell you

[32:34]something there's a part of your brain that activates and it's called

[32:40]counter argumentation i start looking for what's behind your words and i

[32:46]start checking uh this doesn't feel right something feels wrong you're trying

[32:50]to pitch me something so sales is looked at that way a

[32:56]salesperson per se is looked at as someone who's not someone who's

[33:03]let's say kind or gentle or they're trying to get one over

[33:12]you i'm sorry you're in sales too every single person is in

[33:19]sales because allah has programmed it that way embedded in choice is

[33:26]sales i'll give you an example call me we'll role play this

[33:32]is what sales people do that's role play okay so call me

[33:36]but i'm gonna pretend he's okay i can't say it's my wife

[33:39]i can't use it okay i'm just using all the wrong examples

[33:42]tonight um let's say okay he's my friend not my wife let's

[33:47]call me go ahead click i'm sorry go ahead come again that's

[33:53]supposed to be a joke anyways hello hi sam hi vivi how

[33:59]are you good how are you i'm excellent what are you doing

[34:01]uh just giving a talk what are you doing right now and

[34:07]you called me i feel very special okay uh you know after

[34:10]the talk what are you doing uh i go to sleep sleep

[34:16]yeah what time time what yeah 10 o'clock are you serious listen

[34:22]how about we go out and do something what do you have

[34:27]in mind you know what i was thinking of grabbing something to

[34:33]eat uh i kind of i don't know man i i got

[34:36]work in the morning come on man it's okay listen italian i

[34:40]know you're hungry i do like italian okay i don't know you

[34:44]know what chinese chinese oyaki oh yaki okay i haven't had chinese

[34:49]in a while but but you sure they're open right now you

[34:52]know what i'll call and check i'll pick you up in 15.

[34:57]just get ready click okay see but at the end of the

[35:03]day why is that important i have to learn how to negotiate

[35:09]and i'm again i'm going to give you some numbers i just

[35:15]negotiated with him when you start understanding you know what i'll role

[35:23]play with the audience now give me a second okay when was

[35:26]the first time you sold something give me something the first time

[35:32]you sold something go ahead okay how old were you okay eighth

[35:42]grade excellent anybody younger anybody sold something at a younger age go

[35:53]ahead yes i'm sorry a lemonade stand excellent how old were you

[36:02]first grade masha'allah okay anybody earlier you you raised your hand true

[36:14]yes excellent excellent okay so now let me take you even further

[36:24]when you first come out of your mother's womb don't you cry

[36:30]don't you influence someone don't you think that's a sale that's a

[36:40]sale sales is being able to influence because embedded in decisions is

[36:51]sales embedded in choice is sales allah has given us choice that

[36:55]means you have to pick right or left i'll take it even

[37:01]further with you it's two o'clock in the morning you're walking downstairs

[37:06]and your stomach is just it's calling you because you're hungry and

[37:13]you're just walking through the kitchen and you look left and there's

[37:18]the fridge and you remember there's double chocolate cake and now you're

[37:23]just standing there should i go should i not go and your

[37:30]foot just starts moving on its own doesn't even ask you it

[37:33]just goes on its own and now you're standing in front of

[37:37]the fridge and you open the door and there's the cake and

[37:40]it's got fruit inside of it too and now you got whipped

[37:44]cream should i eat the cake or not eat the cake eat

[37:51]the cake masha allah all you guys allah anyways diabetes.com okay so

[37:59]on that level i even sold myself that's a sale every decision

[38:10]you make is an option you chose that's a sale when you

[38:19]understand that sales is embedded in decision making that's the first thing

[38:24]second thing listen to this please okay people who don't negotiate who

[38:30]don't know how to negotiate could you give me a percentage of

[38:35]influence that they have people who don't learn negotiation skills and communication

[38:40]skills can anyone tell me how many out of a hundred conversations

[38:46]how many conversations no karim not you out of 100 conversations how

[38:57]many conversations can they influence five twenty anybody anybody else zero that's

[39:11]death you're gonna get lucky sometimes you're gonna stumble over something okay

[39:15]it's actually two percent it's two percent that's what studies indicate some

[39:25]other studies say a little bit more but it's about two percent

[39:33]does anybody know how many conversations you have per day don't look

[39:37]it up on google please don't ruin my punchline go ahead 500

[39:46]okay excellent way too high and that's all women talk about 8

[39:51]000 words per day okay men about 2 000 okay so really

[39:57]think about that one i'm sorry sisters but mashallah the talking comes

[40:03]from the other side but okay so tell me what is it

[40:10]okay it's actually 27 conversations per day the average person has 27

[40:16]conversations per day times that by 365 you'll get 9072 conversations per

[40:25]year and imagine you can only influence it two percent what do

[40:30]you think is going to happen to your self-esteem if you don't

[40:36]know how to negotiate and communicate for yourself now take it further

[40:45]sales you're not going through hey how are you conversations i'm doing

[40:51]great conversations you're so awesome you're in customer service that's not what

[40:55]you're doing you're actually going to a person's door you're knocking on

[40:59]the door and you're going to get rejected you're seeking rejection conversations

[41:06]those are much harder not a lot of people want to be

[41:15]rejected and not a lot of people seek rejection those are much

[41:20]tougher conversations when you get someone start to grow in their ability

[41:32]to negotiate wow you're becoming something different so number one the first

[41:38]law sales is innate sales skills are life skills that's number one

[41:46]number two the average person without negotiation skills and communication skills can

[41:51]only influence at two percent number three you have 27 conversations per

[41:59]day multiplied by 365 972 9072 conversations per year imagine you can

[42:07]only influence it two percent so you better learn how to negotiate

[42:14]and communicate for yourself because if you come across a person who's

[42:20]trained and who's seasoned in sales you're going to lose and you're

[42:25]going to lose big and some of them don't have a moral

[42:30]code but they know how to sell your own shoes and trust

[42:35]me that concept is real it's real some of the things i'm

[42:43]not going to talk about myself but some of the things that

[42:47]you can get someone to do and i'll just end with this

[42:53]i was giving a call there was about maybe 150 people on

[42:59]the call so it was a sales call and you can get

[43:02]to such a point of influence that i told this person to

[43:07]do a trust fall so i was telling i was showing about

[43:11]ability your own ability do you trust your own ability and i

[43:15]was going to give i was giving an example of how that

[43:19]works so i had two people come up and you know how

[43:21]you lay two two people behind each other okay and one person

[43:26]falls down falls backwards and the other person catches him then i

[43:32]told the person who's catching the other person to move away and

[43:38]now the person is standing and i told him to fall and

[43:47]he did it i'm like i'm joking what are you doing but

[43:50]that's the kind of influence you can have now alhamdulillah a guy

[43:56]jumped out of nowhere and grabbed them at the last second but

[44:00]the person did it that's how far people will trust you to

[44:07]that extent so you got to be very careful when you come

[44:15]across let's say you get weaponized with sales skills you got to

[44:19]be very careful with that because you can manipulate people very easily

[44:25]so at the end of the day learn how to negotiate and

[44:30]communicate for yourself learn because for the religion you have to represent

[44:37]as well you're a talking walking billboard bottom line that's a beautiful

[44:49]hadith so you also have to sell you sell your character then

[44:55]when somebody does something wrong you stand up and you say no

[44:59]when you walk into a business meeting and a woman reaches out

[45:05]her hand you go like this and you stand with your identity

[45:08]and you don't move and afterwards everyone is talking oh my god

[45:20]how did he do that on stage in front of everyone he

[45:24]went like that to the person who was getting a prize but

[45:29]then everybody goes to the ceo and says man we respect that

[45:35]guy those are not easy situations but you stand you represent and

[45:46]you're not afraid you hold your principles regardless of any situation you

[45:51]hold that you're proud and i can give you some psychology about

[45:55]this you have no idea how powerful this is even on the

[46:01]sales level you have no idea everybody's doing it now it is

[46:06]that's it we're done so uh just to disclaimer not all sales

[46:15]people are bad uh some of us are good um but i

[46:20]can definitely say that i've i've seen the two opposite spectrums you

[46:22]know like the ones that are laid back and then the ones

[46:25]that are you know that will sell you your shoes um so

[46:29]actually so like something that uh i think we should also talk

[46:35]about um is stocks and crypto and hajj i heard you're like

[46:37]really big on that yeah so did we take doji to the

[46:44]moon uh i think there's a beauty in in learning how to

[46:48]trade uh and trading is is something very very important i think

[46:52]a lot of people do understand you know what's happening with the

[46:56]world and how the world is actually changing changing now let's answer

[47:02]the first question are is tax haram okay a lot of people

[47:07]first thing okay stocks are haram okay stocks are not haram but

[47:14]what you buy may be haram so you got to be very

[47:19]careful okay so anything that you have just refer to someone that's

[47:22]knowledgeable in terms of the trading factor we have something called and

[47:27]refer to that if you're in business you should learn these things

[47:30]okay learn how to trade what happens in religiously in a contract

[47:36]if i leave the the vicinity of a place okay does that

[47:41]mean that the contract is void or non-void can i return or

[47:45]not return okay what what does islam say about these things it's

[47:49]very important for you to understand is a verbal contract binding okay

[47:53]if i tell you this is it binding these things are very

[47:57]important you should learn these things you have to if you're going

[48:00]to go into business you should learn okay you don't have to

[48:04]learn all the laws but learn the laws if learn the laws

[48:11]of business so that's that's the general concept of that so trading

[48:16]stocks is not haram but there's many things that can be haram

[48:22]in the stock world okay meaning there are certain things that are

[48:26]connected in certain ways and you don't know there's like m a

[48:31]companies okay merchant acquisition companies this is a blank check company meaning

[48:37]a comp some people get together they put a bunch of money

[48:43]together okay and they seek a company let's say a company's i'm

[48:47]not going to say there's a company actually that may have may

[48:50]do a reverse merger now and it's a really bad company i'm

[48:53]not going to say its name but it was totally haram but

[48:59]let's say you buy into that stock and not knowing that company

[49:04]is actually being bought that's a problem okay these things can be

[49:12]haram so yes and no you have to do your homework you

[49:16]have to understand what you're buying okay so that's number one number

[49:22]two don't be afraid of stocks okay i'm gonna give you just

[49:29]a small understanding from a person who's a laborer and a person

[49:34]who's an investor a laborer trades their time for money they exchange

[49:44]time for money an entrepreneur they put into their time value they're

[49:56]constantly learning they have to learn they're not a traitor they're an

[50:02]investor let's say we have a hundred dollars two hundred dollars five

[50:08]hundred dollars a thousand dollars let's say it's a thousand dollars the

[50:13]person who's an entrepreneur will invest first then spend later on themselves

[50:24]a person who's a let's say not an investor doesn't understand the

[50:28]concept of investing they will spend first then invest later just traverse

[50:34]that and i swear to you have no idea how far that

[50:39]will get you just that idea learn how to take a dollar

[50:43]and make it ten dollars employ your money your money is an

[50:49]employee of to you every dollar is it should be employed by

[50:55]you you should tell it hey how you doing and it's like

[50:57]hey i'm here what do you want me to do i need

[51:01]you to go out and get 10 more okay the dollar comes

[51:10]back look i got 10 more great i didn't have to do

[51:14]anything you did all the work that's investing so there's a difference

[51:18]between somebody who has that mindset and somebody who tries to save

[51:25]all the time a lot of us we just want to do

[51:29]what i just want to put it in the bank if it's

[51:32]in your pocket it's in the wrong place you should have it

[51:40]in something okay i'm going to give you a total equation in

[51:43]terms of then we'll refer back to the stocks but i'm going

[51:46]to give you an equation of how you should spend your money

[51:51]okay take this down please learn to live right now let's say

[51:55]you have thousand dollars in the bank okay learn to live on

[52:01]seventy percent of your money okay seventy percent of whatever you make

[52:08]you can do it a lot of people tell me no i'm

[52:12]like once i set this up with any client they can do

[52:17]it they can do it so take seventy percent of your income

[52:19]which is seven hundred dollars and learn how to live on that

[52:24]what should you do with the other thirty percent take ten percent

[52:31]and give it away trade with allah first what does allah say

[52:40]when you trade with him that's a guaranteed sale that's guaranteed you

[52:44]want anybody to hold your money that's absolute trust that is beyond

[52:51]belief that's the best trade you can do and you can look

[52:53]in the quranic verses of how much he gives back and you

[52:56]can do your homework there that's the best trade okay take ten

[52:59]percent and give give it away if you're if you're where's zach

[53:06]where is he is he sleeping okay if zach has a dollar

[53:12]teach him how to give away 10 cents take him somewhere take

[53:17]him somewhere like an orphanage take him somewhere where their old people

[53:20]exist and have them give a dime once they see that even

[53:26]kids it's amazing what will happen just give a dime 10 cents

[53:33]10 percent number two the other 10 you should trade with that

[53:39]10 percent take 100 and buy something and make it 200 learn

[53:47]how to invest learn how to trade learn how to buy and

[53:53]sell it's very easy you said lemonade stand right okay you were

[54:01]first grade okay mashallah excellent learn how to trade third time ten

[54:12]percent see if someone has more knowledge than you and give them

[54:18]that hundred dollars and say you know what you have more knowledge

[54:23]than i do invest this for me this is passive income now

[54:30]you have no idea what you've just learned if you just do

[54:33]those three things and what you can attain on a business level

[54:39]now you're talking passive income you can teach this to kids very

[54:44]it's very simple it's not hard 70 live on the income first

[54:53]ten percent give it away that's an investment in your hereafter okay

[55:01]learn how to invest number two you invest and buy and sell

[55:09]learn how to trade and number three give it to someone who

[55:14]knows more than you and we could trade that for you stocks

[55:17]with me alhamdulillah i have a mentor who is masha'allah okay a

[55:26]whole other level reason being is i've taken interest in these things

[55:36]and he was willing to mentor me stocks are not easy but

[55:42]it's if you get into stocks you will understand the worldly globe

[55:46]you will understand why things work you have to understand economics you

[55:52]have to know where your money is going track it understand it

[55:58]we have to we have to pay hummus at the end of

[56:02]the year you should be afraid of hummus because if you don't

[56:07]pay your hummus i'm sorry you're eating haram think about that what

[56:20]you buy is haram you're stealing that money is not yours allah

[56:27]has given it to you and he's you have you have it

[56:31]for a time but you have to allocate it properly so take

[56:33]account you have to take account accounting is huge so on that

[56:41]level stocks overall are not bad some of it is be careful

[56:51]and use that kind of that recipe and shot law so you

[56:54]can help yourself move forward okay so uh we got some questions

[56:59]from the audience uh we're just gonna go through and answer them

[57:01]but uh i believe has covered two of them one was if

[57:03]i have extra money should i invest it or donate it um

[57:07]i think both yeah and then how would homes work with the

[57:11]stocks or investments i think we covered that too okay um so

[57:15]we got a couple uh like questions that are very specific about

[57:19]stocks so like what are options etfs index funds uh futures so

[57:24]uh can you briefly uh so um when you when you have

[57:32]like calls and puts and that those are option trading okay an

[57:35]option is pretty much you buy a contract and you rent it's

[57:42]almost like renting it's renting someone else's stocks okay i'm gonna simplify

[57:47]it as much as possible and you actually buy a contract where

[57:53]you can be in the money out of the money at the

[57:57]money you could do these things that's not hard i'm not going

[57:59]to go too far into that it is somewhat twisted to understand

[58:03]a little bit but there's a lot of videos on youtube but

[58:07]there's a lot of stuff there okay i don't recommend option trading

[58:12]on at the beginning i don't recommend that i don't recommend that

[58:18]you set that up as your front line and front goal don't

[58:20]do that start with simple goals start with simple stocks i would

[58:25]tell you take that ten percent let's say you have a thousand

[58:31]dollars and invest it in common stocks okay look into a stock

[58:34]get an idea do your research go if you really want something

[58:39]i can i can help you see other people who are here

[58:43]there's a lot of people who really know this stuff and there's

[58:47]the youth especially is waking up to this stuff at a greater

[58:50]level to make money very early so go towards common stocks first

[58:57]then if you get really seasoned and you're capable go into options

[59:01]me personally i'm not gonna say say too much on it but

[59:07]i don't do options there's a reason i think i'm not sure

[59:11]about in terms of even our religion so i don't go towards

[59:16]options because there are certain things that i'm just not comfortable with

[59:19]okay uh i'm not gonna tell you not not to do it

[59:23]if you're good at it do it okay then there's there's swing

[59:27]trading okay there there are investors there are traders some people are

[59:32]like day traders they're in there 24 7 they're buying selling every

[59:36]single day some people are more like investors they take a stock

[59:42]and they buy really early okay and then they hold on to

[59:47]it for a longer period of time i tend to do stuff

[59:49]like that a little bit more but sometimes i day trade okay

[59:55]what i would tell you overall get a really good mentor if

[60:00]you can find one get a really good mentor you can make

[60:03]a lot of money in stocks but you can lose a lot

[60:06]of money as well you gotta know what you're doing but at

[60:11]the end of the day don't be afraid please don't be afraid

[60:15]take fifty dollars and just put it in there what do you

[60:18]it's fifty bucks it's fifty dollars two meals okay two meals 25

[60:28]bucks okay put it in there find a stock that you think

[60:31]is okay do your research and and go from there then you

[60:35]get a little more courageous now you wake up tomorrow and it's

[60:38]like oh my god it's a hundred dollars i made fifty dollars

[60:43]wow and you know like i'm getting good at this then you

[60:47]put in all your thousand dollars and the next day you lose

[60:53]it all do you have zoho do you really care about what

[60:55]happened or you're like pulling out your hair so in terms of

[61:00]these kinds of things i would tell you number one just get

[61:03]a really good mentor i have two three mentors myself i never

[61:06]lose my mentors these people are like anchored in my life and

[61:12]alhamdulillah do that get a financial person who can help you get

[61:21]someone if you want to get into business most people don't understand

[61:23]this concept number one the accounting thing that i told you about

[61:27]take account number two most people don't understand the industry they're in

[61:32]understand your industry understand the competition under especially if you want to

[61:38]get into business most people don't do enough because you're in competition

[61:45]the second you entered a sector in business you are in competition

[61:49]understand that so you have to know your industry you have to

[61:55]know your competitors you have to know who's around you who's trying

[61:59]to knock you down because they will so overall that's that um

[62:08]so actually since you mentioned mentors i did want to mention uh

[62:12]you know like i too have a mentor and uh so like

[62:15]my mentor he's been helping me for the last three years and

[62:18]you know like this is like this is where i was and

[62:21]then like had i just you know stayed just me by myself

[62:25]without a mentor i probably would have been right here but with

[62:27]a mentor you know you go way higher and the reason why

[62:31]is because uh your mentor should be somebody that knows more than

[62:35]you um somebody that is kind of like your third eye you

[62:38]know they see what you don't see when you are like in

[62:41]the midst of things like i can speak you know like just

[62:44]my experience with my business there were times where like i was

[62:49]really stressed i was really down and you know i was lucky

[62:51]enough to have my mentor there to help me see things through

[62:53]and not let my emotions get the best of me you know

[62:57]not let my emotions block me from seeing the potential that i

[63:01]have you know so so really like you know i think that

[63:04]that's like something very important i think we should all have a

[63:07]mentor um and the fact that you have three i'm assuming that

[63:09]each one covers like a different aspect of your life yeah yep

[63:12]um go ahead and go ahead yes um okay i always talk

[63:38]about mentors because if i wouldn't be here without mentorship i i

[63:44]honestly i'm telling you that i think we don't understand that in

[63:50]our community i don't think we really understand to what extent that

[63:54]is needed that's why i always say it i've had certain situations

[63:59]just to give you an example where i couldn't give the verdict

[64:03]i couldn't and you're talking sometimes millions of dollars you're making a

[64:10]decision on millions of dollars and like i'll give you an example

[64:17]the last decision was 2.7 million dollars and i had to make

[64:21]the decision with the ceo of the company so the situation took

[64:29]a really awkward turn and it pushed me to such a point

[64:35]that it was outside my knowledge i didn't have the knowledge because

[64:44]now there's so many variables actually activated it's it was just amazing

[64:52]where this thing ended up who do you think i called and

[64:57]then it turned so far that we had to actually call the

[65:02]jurist at a very high level why because it's outside your knowledge

[65:09]base so mentorship is very important because at the end of the

[65:17]day when you run out of information and you have nowhere to

[65:21]go and you give your own opinion good luck because you won't

[65:27]stay a mentor for very long so it's very important to understand

[65:33]that first of all second thing how do you find a mentor

[65:38]number one ask allah azzawajal that's the first thing i i was

[65:44]in a situation and i didn't want my friends anymore i didn't

[65:47]want certain people in my life and i just asked allah i

[65:51]said allah help me and i swear to you two weeks later

[65:58]i went somewhere came back i was a different person i left

[66:03]all my friends i'm not telling you to leave your friends okay

[66:07]if they're good people leave them so but at the end of

[66:11]the day that's what happened from there i found mentorship from higher

[66:17]people so ask allah that's number one number two number three there

[66:22]are many people who are coaching now okay in the community how

[66:27]many of you have heard a life coach now okay everyone has

[66:31]heard you know everyone understands what that is it's just a booming

[66:37]industry now so there are people who can do that i myself

[66:43]i'm setting up a program i have a program and it's based

[66:48]on these concepts of mentorship so i've taken a lot of the

[66:53]corporate end and i've brought it to the community factor where hopefully

[66:59]if the community is willing i'm more than willing for me as

[67:06]a person and i'm also training you know people how to be

[67:10]mentors and how to take on a certain level ali is here

[67:17]he's he just got certified as a life coach and there's another

[67:22]person who's going to be certified as well and he's ali's working

[67:25]with me so these things are starting to happen but what we

[67:31]literally do is we run a program about finances i have a

[67:37]kid right now masha'allah just hit 18 years he's 18 and a

[67:41]little bit he he's made about forty thousand dollars in stocks okay

[67:45]he just turned eighteen masha'allah another guy who's also here just bought

[67:50]a house he's 19 but he's also building for other houses now

[67:55]so they're under 20 so we have under 20 program and that's

[68:00]what we're trying to do i have kids masha allah who are

[68:03]right now 13 14 15 years of age and usually the program

[68:09]if you truly want to be trained it will take you about

[68:13]two years of hard work two years if you can hit the

[68:17]two-year level then the third year is much easier but if you

[68:21]can hit three years of mentorship for me when i was being

[68:23]mentored i took me five years i was under somebody for five

[68:29]hard years well you don't say i want to do this and

[68:31]i want to know they tell you no do that and that's

[68:37]it that's mentorship you give up control not a lot of people

[68:40]want to give up control they don't they want the ego is

[68:43]too big i know everything and no submission of the ego is

[68:50]very important so these are some of the things that we're doing

[68:55]for the community insha allah insha allah that i really believe it's

[68:59]gonna it's gonna do really well i really believe because i have

[69:03]clients who have been with me and this same program that i

[69:08]ran with them i'm running now here and some of the stuff

[69:14]that i've sold alhamdulillah in terms of my content for thousands and

[69:19]thousands of dollars i'm making it readily available for people for just

[69:24]pennies on the dollar in terms of what it's really has costed

[69:28]other companies so what i'm trying to do is give some kind

[69:35]of leeway for you to kind of expand yourself but to me

[69:38]here's the key learn how to spend on yourself because you're not

[69:44]a cheap product you're not i've spent thousands and thousands of dollars

[69:50]on my own why development one class i took just to learn

[69:56]how to speak it was two years ago cost me six thousand

[70:02]dollars you have no idea how much money i've made from that

[70:11]six thousand dollars that's an investment when i invest that i can

[70:19]quadruple it i can take it 10 times higher with the information

[70:21]i just learned so on that level i'm we're trying to give

[70:28]you as much mentors as possible uh it's there suspend your ego

[70:34]be willing to pay for for your own you know what i

[70:39]mean uh a lot of you want to become doctors almost a

[70:42]half a million dollars in debt you know it's that's really what's

[70:45]happening you're investing into your future that's what you're doing so learn

[70:52]how to do that because you're responsible for your own knowledge and

[70:55]at the end of the day you're not a cheap product don't

[70:58]take yourself as cheap and when somebody asks me you know i

[71:01]with my friends when somebody wants to give me a like let's

[71:05]say i go to one of you jalal was here last week

[71:09]jalal's a lawyer and i called him up one day and i

[71:12]told him like listen i need a contract i just got this

[71:15]contract i need you to write up a contract he's like okay

[71:18]has no problem whatever then it comes time to pay but me

[71:22]and him are what business don't go into relationship i don't want

[71:26]relationship this is what i told him i said teach me how

[71:32]to invest in a good product don't give me a deal i

[71:40]don't want a deal from you i want you to take what

[71:45]you have when all that time and that money you spent all

[71:48]that time in that money just to learn that information don't give

[71:51]me a deal i don't want a deal don't teach me how

[71:56]to save teach me how to invest in a good product you

[72:00]gave me a little bit off i was happy with that it's

[72:04]all i wanted let's treat each other that way let's reward the

[72:11]hierarchy of knowledge let's reward it don't be afraid don't somebody comes

[72:15]to you said like uh okay i'll do this for a hundred

[72:22]bucks you know it's worth 500.

[72:23]give them 400 can you do that that's not easy to do

[72:31]can we reward each other like that or is your money so

[72:38]it's like no way i'm not i can't let it go because

[72:40]it's so attached to your heart so we're trying to do that

[72:46]in sha allah and inshaallah it talk to me afterwards and and

[72:53]we can i can kind of guide you in terms of these

[72:55]kinds of things but listen the community is a beautiful community it's

[73:03]a beautiful community subhanallah how far like jalal says something beautiful all

[73:08]the time he says we stand on the shoulders of giants we

[73:12]do we do masha'allah our forefathers in a way what they laid

[73:17]down is amazing go after it go after business make wealth there's

[73:23]nothing wrong with that but learn how to use it all right

[73:28]so as you were speaking and to answer your question so there's

[73:34]something that i heard from from an author by the name of

[73:38]earl nightingale where he says the things that are most valuable to

[73:43]us we got for free and the things that we pay for

[73:45]are basically worthless okay um so what does that mean like what

[73:50]are some things that we got for free like our body our

[73:52]mind that's the biggest thing um and then what are some things

[73:56]that we pay for a house and a lamborghini right so if

[73:59]your house burns down you can you can replace it if you're

[74:02]if your lamborghini you know you crash it you can replace it

[74:05]but if your mind if something happens to your brain can you

[74:10]replace that you can't so invest in your brain focus on investing

[74:13]like you know growing as as you know growing your knowledge um

[74:17]becoming a better person let that be your focus and and don't

[74:21]focus too much on on the material things because the material things

[74:24]they come and go but what's in here it's gonna stay with

[74:26]you for you know until you die um and so i'll tell

[74:31]you guys a story about how i met my mentor um it

[74:34]was actually like right outside where that you know the thing to

[74:37]check your your uh your temperature it was right right out there

[74:41]i was setting up for h3 trans like my uh my business

[74:44]and he came up to me and he started moving things around

[74:48]he's like yeah you got your whole display wrong and he started

[74:50]like moving things around and he was explaining to me why i

[74:53]had to set it up in a certain way he was telling

[74:54]me like you had to have everything symmetrical like you know your

[74:58]displays have to be centered and then just you know build from

[75:00]the center out uh because it's more appealing to this you know

[75:03]to the eye and all that and then up to that point

[75:07]i never let anybody tell me how to do what i'm doing

[75:08]uh like it's the ego you know my ego was so high

[75:12]that like look this is what i started i'm gonna i'm gonna

[75:15]build this and you know it's gonna be my name that people

[75:17]are saying and so when he came up to me and started

[75:20]telling me all these things i realized how little i knew about

[75:23]how to run a business and and so like i started asking

[75:28]them questions and then you know that we talked for like a

[75:31]good two hours and then we met up like a week later

[75:35]and then we've been meeting ever since and i know it sounds

[75:37]like a love story and that's because like when you have a

[75:39]mentor it really does become a love story it's it's you know

[75:42]this is the person you go to much worse than just yeah

[75:45]i mean if i could marry him i would um yeah i

[75:49]told you i was saying the wrong thing yeah no i i

[75:53]know what i'm saying no i'm just kidding but uh but yeah

[75:56]having a good mentor is really important and uh you know just

[76:00]put your ego to the side you know we see the world

[76:05]so one way that it hurts when somebody else tries to come

[76:07]and tell us that no maybe you should start looking at it

[76:10]from this perspective uh but sometimes we do need that like a

[76:12]lot of us do need that and i think uh this would

[76:17]be a good time to conclude i'm sorry we didn't get to

[76:18]all the questions um but thank you thank you and thank you

[76:26]guys for the opportunity muhammad thank you sam thank you brother ali

[76:44]so hach final answer get that lambo or no buy that lambo

[76:47]with thank you so much for your presentation let's have another

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Being Financially Empowered - Stocks, Crypto, Real Estate & More | Hajj Wissam Bazzi | MYC

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Being Financially Empowered - Stocks, Crypto, Real Estate & More | Hajj Wissam Bazzi | MYC

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