Retirement account and buying car

[teaser]

Re: Retirement account and buying car

@Rebel_X

thanks for explaining. I thought you were one of the people who juast did not get 401Ks, I stand corrected.

as far as interest goes, thats why i had mentioned investing in equities and not bonds or moneymarket, not that moneymarket will give u the type of annual gains u need. and hey with equities u dont have the interest issue.. unless someone then says that the companies whose stocks are in the portfolio benefitr from interest based transacations and thus some of the benefits of interest are passed on to you, .. some hardcore folks stick to that and I just have to tell them that they are getting indirect benefit of interest even when they use electricity, walk on the streets or buy orange juice

I seriously hope that teaser starts a 401K now, early start is key.

Rebel bhia thank you for the advise and I was so glad to read the above line that you were concerned or at least you thought about me so I could start 401K and save some money for my old days

I would be the happiest person on plannet earth IF you could have the same level of concern for me BUT NOT for 401K it should be how I could get more closer to Allah :swt: and be able to follow the sunnah of Prophet Muhammad :saw: in every aspect of my life. Thank you

Now about saving money and 401K I have my trust on my Allah :swt: I don’t have to save money for my old age or for anything. If I need something I will ask Allah :swt: instead of relying on 401K. The way things are going I am really happy and not worried about 401K. My family and kids are happy from me and I pray to Allah for myself, for you and for all the muslims that He (Allah) gives everyone the streangth to follow sunah in every aspects of our lives. Ameen.

Jazak Allah