Financially Independent At 22

[Iltutmish]

I am envious of business acumen of Indians. Indian businessmen think strategically while most Pakistanis become content to a certain level of earning & Business. We need to learn a lot from Indian business mindset.

Yes, that comes maybe from the notion that people think that Islam is against having too much money. Which is just not true. I even heard a business owner in Jhelum once saying "Zakat lagthi hain fir" and I was like: WTH? You don't push your business because you may have to pay Zakat on your earnings? Who told him such kind of BS?

But Pakistani Mullahs are well-known for their BS. We need a new attitude towards wealth and success!

 

[Vapnope]

Yes, that comes maybe from the notion that people think that Islam is against having too much many. Which is just not true. I even heard a business owner in Jhelum once saying "Zakat lagthi hain fir" and I was like: WTH? You don't push your business because you may have to pay Zakat on your earnings? Who told him such kind of BS?

But Pakistani Mullahs are well-known for their BS. We need a new attitude towards wealth and success!

Spot on and surprisingly this is a Pakistani thing while Arabs also have a really good business acumen while they also do charity and pay zakat. I believe a bigger business is a means to provide more job to fellow humans and consequently more support to your country as well.

 

[313ghazi]

If you live in a country that offers opportunity and your parents provide you direction and support there is every reason to expect 21 year olds to be financially independent where they are not burden on the parents finances. Emotional dependence can continue and is a very human thing. At point of bragging and proud my son at 23 earns over £60k and my daughter at 21 earns over £45k. I suspect both will cross 100k by age 30. This is typical of British middle class. From being burden on my 58th birthday few days ago they have booked me with BMW to buy a gift to the value of £50k. When I cash this gift I will paste pictures here on PDF.

MashaAllah your kids are doing very well. You've done a great job. That kind of money at 21 and 23 is not average by far. It's elite - don't undersell your achievements.

I agree with your wider point though - there is no reason someone in their early 20's should be financially reliant on their parents. If they are - in my mind they're failing at life.

After 18 I never took any money from my dad. I worked part time to fund my travel to uni, books, food, Alhamdulillah, apart from a 1 month period earlier this year, i've been in continual employment ever since i graduated. Dad did pay towards my wedding, but that's because he wanted the typical Pakistani show off wedding.

It might be harder in Pakistan but it is not impossible. If the young children of the poor can clean your windscreen and pick up trash, there is no reason why a degree educated burger needs mummy and pappa to pay them pocket money.

 

[Invicta]

@Invicta

because of this trait - in an envious way.

No need to be. You enjoyed your youthful days, while he slogged and scrounged away.

Are you of Pak origin?

Regards

Maybe enjoyed my youth a bit too much, wouldn't mind to retire early but hey each for their own.
Yes Pakistani origin although very distant - parents were born there and still have some family there so their is a social and emotional connection to Pakistan.

 

[lastofthepatriots]

I bloody hate Indians because of this trait - in an envious way. My best friend and neighbour is an Indian, we both went to the same school and Uni and studies same subjects but I know where I have - in my life spent at creature comforts that bastard has been saving and investing - it wouldn't be long before he retires. For some reason this trait is very rare in other people specially Pakistani's.

If I have a family member visiting I first judge them for what they drive, once they are out of a car I will then judge them for what they are wearing, when they walk past me I will judge them on what scent they are wearing and when they take their phone out I will judge them for what handset they are carrying. It more about perception and we need to change that - I need to change that.

Pakistanis are generally stupid and materialistic. They need to show off because they are so self conscious of what other people think about them. In fact, Pakistanis on this very thread are doing it. My father taught me to never give a **** and whenever he was asked about how much he made, his response was ‘i’m doing okay.‘

He told me that none of the people that judge you on your financial situation are ever going to come pay your bills, so it’s none of their business.

it’s very true.

 

[Invicta]

It might be harder in Pakistan but it is not impossible. If the young children of the poor can clean your windscreen and pick up trash, there is no reason why a degree educated burger needs mummy and pappa to pay them pocket money.

I would pay to see some Lahori "wannabe" posh kid washing windscreen and picking trash. I don't understand why this is frowned upon and looked down on - work is work, My first job was in a shop and main duty was cleaning floor and shelves.

However, this brings to mind the favourite threat my parents used to give me "if you don't study you will be a bin man" - this threat needs to change as it looks down on the bin man and classes him as a failure.

 

[313ghazi]

Yes, that comes maybe from the notion that people think that Islam is against having too much many. Which is just not true. I even heard a business owner in Jhelum once saying "Zakat lagthi hain fir" and I was like: WTH? You don't push your business because you may have to pay Zakat on your earnings? Who told him such kind of BS?

But Pakistani Mullahs are well-known for their BS. We need a new attitude towards wealth and success!

I f***ing hate these fake mullahs. I have a young cousin, mid 20's, i was encouraging him to work hard, learn a trade, earn a living. He responds that he doesn't need too much money, it's bad for you. A muslim should only have what they need to survive. Really pissed me off. I didn't say anything - he comes from a long line of idiots, it's not his fault. Some people have just been raised to live on handouts. He fully expects his brothers to fund his life, like my father funded the existence of his brothers. In return he got an FU for it.

 

[Invicta]

Pakistanis are generally stupid and materialistic. They need to show off because they are so self conscious of what other people think about them. In fact Pakistanis on this thread are doing it even on this thread. My father never taught me to give a **** and whenever he was asked about how much he made, his response was ‘i’m doing okay.‘

He told me that none of the people that judge you on your financial situation are ever going to come pay your bills, so it’s none of their business.

it’s very true.

Count me in with the majority. Kudos to you and your dad for being like that - it bodes well for you. I don't mind a little show off as long as you are not bankrupting yourself maintaining your lifestyle.

That part in bold is sound advice. I am going to use this line next time when I don't want to show off.

 

[313ghazi]

I would pay to see some Lahori "wannabe" posh kid washing windscreen and picking trash. I don't understand why this is frowned upon and looked down on - work is work, My first job was in a shop and main duty was cleaning floor and shelves.

However, this brings to mind the favourite threat my parents used to give me "if you don't study you will be a bin man" - this threat needs to change as it looks down on the bin man and classes him as a failure.

There is so much opportunity to earn in Pakistan. Gents if you are reading this, here is a free business idea.

1. Learn to make e-commerce sites. You can do this online.
2. Learn SEO and other online marketing skills, this can also be done online.

3. Find local artistans/businesses who make quality goods, clothes, furniture, art, household goods, whatever. If it is good quality and can compare to the really expensive stuff you see in the shops thats the market you want to target.

4. Offer to create an e-commerce site for them. Pitch them that you can sell their products directly to foreigners abroad. You can ask for an upfront fee or a percentage of profits through online sales until xyz fee is hit.

See how many businesses you can support, all whilst creating yourself some passive income.

 

[lastofthepatriots]

Count me in with the majority. Kudos to you and your dad for being like that - it bodes well for you. I don't mind a little show off as long as you are not bankrupting yourself maintaining your lifestyle.

That part in bold is sound advice. I am going to use this line next time when I don't want to show off.

It’s the reason why Pakistanis have outlandish weddings and go into debt, because of the need to show off.


My own family here in Pakistan is the same way. They are so fucking stupid and vain, it’s hilarious.

They ask me for loans for bijli bill, which I never expect the money back. And in most cases never comes back.

Then one time my slipper strap broke and I got it fixed by the mochi. When my aunt saw it, she was like your slipper broke why you get it fixed and not buy a new one? I told her that I liked these specific flip flops and that they are comfortable.

Next thing I know family is saying ‘hai munda amreeka cho aya, te tooti chapal mochi kolon se kara ke paya pirda’.

I have probably given over 5k dollars to this same auntie’s sons because they survive on wheat and cotton harvest and see money probably twice a year.

Anyways, Pakistanis make me laugh. It’s 24/7 lols here in Pakistan because of how stupid they collectively are.

 

[313ghazi]

It’s the reason why Pakistanis have outlandish weddings and go into debt, because of the need to show off.


My own family here in Pakistan is the same way. They are so fucking stupid and vain, it’s hilarious.

They ask me for loans for bijli bill, which I never expect the money back. And in most cases never comes back.

Then one time my slipper strap broke and I got it fixed by the mochi. When my aunt saw it, she was like your slipper broke why you get it fixed and not buy a new one? I told her that I liked these specific flip flops and that they are comfortable.

Next thing I know family is saying ‘hai munda amreeka cho aya, te tooti chapal mochi kolon se kara ke paya pirda’.

I have probably given over 5k dollars to this same auntie’s sons because they survive on wheat and cotton harvest and see money probably twice a year.

Anyways, Pakistanis make me laugh. It’s 24/7 lols here in Pakistan because of how stupid they collectively are.

Unfortunately many of the Pakistani people I see around me in the UK are going the same way. I've never bought an expensive car, even the nice cars i've owned have been second hand and I've only ever purchased cars i could by outright cash. Today we have parents buying their kids cars on finance and then paying the monthly installment them selves. Meanwhile papu is rolling like a baller with his fake designer gear and brand new car that abu is driving a taxi 14 hours a day to pay for.

It just doesn't click to these people that here i am working in a taxi 14 hours a day, wtf am i buying the kid a car on finance?!

The clever kids who save, work hard and invest are a minority, although they are a growing minority. I've tried to encourage all my cousins, nephews, nieces etc to go down this route. Some listen, the rest can go f--- themselves... lol

 

[lastofthepatriots]

Unfortunately many of the Pakistani people I see around me in the UK are going the same way. I've never bought an expensive car, even the nice cars i've owned have been second hand and I've only ever purchased cars i could by outright cash. Today we have parents buying their kids cars on finance and then paying the monthly installment them selves. Meanwhile papu is rolling like a baller with his fake designer gear and brand new car that abu is driving a taxi 14 hours a day to pay for.

It just doesn't click to these people that here i am working in a taxi 14 hours a day, wtf am i buying the kid a car on finance?!

The clever kids who save, work hard and invest are a minority, although they are a growing minority. I've tried to encourage all my cousins, nephews, nieces etc to go down this route. Some listen, the rest can go f--- themselves... lol

I can afford nicer cars and do okay for myself, but I’ve been driving a Toyota Camry for the last 15 years because it requires so little maintenance.

Hey, if you’re a car enthusiast go for it, but judging people for what they drive is kind of stupid because a lot of wealthy people drive mid range cars.

 

[Mohsin A]

@lastofthepatriots @313ghazi

Golden posts from both of you and I 100% agree with your sentiments. Growing up, I've watched my father graft his whole life to raise our family and also support both sides of my family in Pakistan. Not even a word of appreciation. Rather they have an attitude of entitlement. My father even sent money to some to setup their own businesses and you guessed it, they well and truly flopped! Anyway the help he extended everyone, he sees for the sake of Allah. However, he is now retired and says that Pakistanis don't realise how hard we have to work abroad to earn a living. They think money grows on trees in the west. He has a saying as a joke that when we go Pakistan, the welcoming party is thinking, "Kya lyke aw gay, tho kya thekay jaho gay" in other words, "What will you bring with you, and what will you leave behind for us". That in a nutshell is the Pakistani mentality, and until they learn to graft for themselves and use their money wisely, there is little hope.

 

[Mujahid Memon]

For me basic financial freedom is to be able to live my life without financial burdens but complete financial freedom is the status of having enough money to be able to for pay my living expenses for the rest of my life without having to be dependent on others.

Again this is a subjective matter. It's not necessary that someone is poor is only because he/she earns less, it can also mean that he does not have a sense of spending.

In my opinion financial independence cannot be achieved until someone has achieved financial intelligence, that is to spend wisely.

Can someone owning a latest model iPhone pro complain that he is not financially independent because he cannot rent a home.

 

[313ghazi]

@lastofthepatriots @313ghazi

Golden posts from both of you and I 100% agree with your sentiments. Growing up, I've watched my father graft his whole life to raise our family and also support both sides of my family in Pakistan. Not even a word of appreciation. Rather they have an attitude of entitlement. My father even sent money to some to setup their own businesses and you guessed it, they well and truly flopped! Anyway the help he extended everyone, he sees for the sake of Allah. However, he is now retired and says that Pakistanis don't realise how hard we have to work abroad to earn a living. They think money grows on trees in the west. He has a saying as a joke that when we go Pakistan, the welcoming party is thinking, "Kya lyke aw gay, tho kya thekay jaho gay" in other words, "What will you bring with you, and what will you leave behind for us". That in a nutshell is the Pakistani mentality, and until they learn to graft for themselves and use their money wisely, there is little hope.

hahaha - i've heard that saying before. This story is the story of so many of my fathers generation. It is partly a lack of education, partly a lack of care. If you invest your own money into a business you care if it sinks. you spend the days working hard and the nights worrying about how ends will meet. When Papa is sending the money from the UK, who cares? Kam chalsi,

In our village there are loads of shops in the bazaar, they all belong to families with expat money. Most of them are being rented by the poor, a hard days work is beneath the Chaudhry Jatts with their white suits, motorcycles, sunglasses, iphones and British pounds or emirati dinar coming in. Our nawabzaday don't seem to even need rent money so ours are shut and have been for about 10 years. There is one successful shop. The last one to open. This one was opened by people refered to as Shiekh in our village. They are the descendants of the poor hindus who lived in our village pre-partition. These ones converted to islam at gunpoint and their future generations are Muslims. They are still poor people - some of them travelled to Muree to work, others to Pindi. They slowly saved up some money and helped one set up a shop. He knew that his families survival depends on it's success. Today it is the most successful business. He's expanded, sells sim cards, even has drum of diesel delivered. Has daily drops of re-filled gas canisters.