Become a Millionaire on 30K or Less

“Say who has forbidden the beautiful gifts of Allah (SWT) which He has produced for His servants and the things clean and pure, which He has provided for sustenance. Say, they are in the life of this world for those who believe and exclusively for them on the Day of Judgment. Thus do We explain in detail the signs for those who understand. Say, the things that my Lord has indeed forbidden are shameful deeds, whether open or secret, sins and rebellion against truth, assigning partners to Allah for which He has given no authority and saying about Allah, things of which you have no knowledge.” (7: 32-33)

Building serious wealth does not go against the spirit of Islam. Many religious philosophies will advocate that the desire for wealth is inherently wrong. They are under the delusion or illusion that poverty is a spiritual virtue. There are millions of Muslims today who unfortunately hold this view. Allah (swt) asks us to strive with our wealth and our persons in his cause (HQ 9:44). The question I ask is; how will you strive with your wealth if you are flat broke? How can we build schools, Islamic centers, and community centers with no wealth? What makes wealth bad is if it corrupts one. How could Abdur Rahman bin Auf (RA) finance entire campaigns without wealth? What about the time when the Messenger of Allah (SAW) asked his uncle Abbas to pay zakat for two years in advance? How could he do it without wealth? I think this is sufficient evidence for us to stop despising the wealthy. As for me I want in! I want to build a solid and stable future for my family and for my Islamic community. It takes wealth to do this.

Many people erroneously think that in order to become a millionaire, one has to,

1. Inherit a million or more dollars
2. Receive EOC (economic outpatient care from their parents)
3. Earn a super high income
4. Have a business idea that will generate in excess of a million dollars.

None of this could be further from the truth. In reality here is what it takes to become a millionaire. With the right desire, discipline and intelligence here is what it really takes:

1. Earn Income
2. Live Well Below Your Means
3. Save Money
4. Invest Your Money Wisely
5. Keep it simple

Here is the proof that one can become a millionaire on 30K or less. Ted Johnson was a retired UPS worker in 1952. His salary when he retired was actually $14,000. By 1952 standards it is worth about $30,000 or less. Insha Allah I will elaborate more on the five points above.

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One thought on “Become a Millionaire on 30K or Less

  1. Husna says:

    Thank you 🙂

    waiting for the elaboration on the 5 points 🙂

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