Your twenties are an exciting (and sometimes overwhelming) time.
You’re figuring out your career, relationships, and yes—how to handle money. But this is also the perfect time to think about how to build generational wealth.
What is generational wealth, you ask? 👉🏼 It’s more than just having money in the bank—it’s about creating a financial legacy that benefits your family, supports your community, and aligns with your values.
The good news? You don’t need to be rich to start.
With consistent habits and a clear vision, you can plant the seeds today that, Insha’Allah, will grow into something meaningful for years to come.
10 Tips for Building Generational Wealth:
1. Get Your Money Mindset Right 🧠
The first step to building wealth is believing it’s possible.
Many of us grow up with limiting beliefs about money—thinking wealth is only for “other people” or feeling guilty about wanting financial success.
Instead of thinking, “I’ll never be able to save enough,” start asking yourself, “What does financial freedom look like to me?”and “What small step can I take today to move 1 step closer to that picture?”
Money is a tool—it’s not about hoarding wealth, but about using it to fulfill your responsibilities, support others, and create opportunities for sadaqah.
2. Budget Like a Pro 📝
A solid budget is the foundation of sustainable financial success. Think of it as a game plan for your money.
Budgeting isn’t about depriving yourself; it’s about being intentional with every pound and dollar.
Start by tracking your income and expenses to get an idea of what’s been happening. You'll want to ask yourself:
- Where is your money going?
- Are there areas where you can cut back?
Once you know the numbers, allocate your funds to:
- Essentials (needs)
- Extras (wants)
- Future goals (savings/investing).
The truth is, our spending reveals our true values and habits. When your budget reflects your priorities—like saving for a home or giving more in sadaqah—it becomes a powerful tool for building wealth.
3. Pay Off Debt 💸
Debt is one of the biggest obstacles to building wealth.
The longer you carry debt, the more interest you pay in most instances, and the less money you have to save or invest.
For Muslims, it’s even more critical to avoid ribaa because it is strictly prohibited in Islam.
Start by listing all your debts and focus on paying them off as quickly as possible. Get all the details you need: debt amount, minimum payments, etc.
Then, stop taking on new debt.
You cannot try to solve a problem while simultaneously creating it. Tackle the smallest debts with a vengeance and make dua for relief.
Imagine how freeing it will feel to live debt-free, where every dollar you earn is yours to save, invest, or spend in ways that align with your values.
4. Save for Milestones 🎉
Generational wealth is built by planning; even for the big moments—buying your first home, starting a business, or retiring comfortably.
Saving isn’t just about having a safety net; it’s about being prepared for opportunities when they come.
Saving consistently, even in small amounts, builds the discipline you’ll need to achieve these milestones.
5. Invest in Your Skills 😌
You are your greatest asset.
The more you invest in your education, skills, and personal growth, the more opportunities you’ll have to increase your income and build wealth InshaAllah.
Think about skills that align with your career or passions—whether it’s taking a certification course, learning a new language, or developing leadership abilities.
The better equipped you are, the more valuable you become in the job market or as an entrepreneur.
Remember, the returns on investing in yourself often outweigh any financial investment you’ll ever make.
6. Practice Delayed Gratification ⏳
We live in a world of instant gratification.
Everyone wants to grab the microwave instead of the crockpot.
Social media makes it tempting to splurge on trips, gadgets, and experiences right now. But building sustainable wealth requires discipline and patience.
Ask yourself:
- Can I afford it right now?
- Do I need this right now?
Delaying unnecessary purchases allows you to focus on saving and investing for bigger goals. The sacrifices you make now will pay off in the future, insha’Allah.
7. Make Dua and Prioritise the Akhirah 🤲🏼
At the end of the day, Allah is Ar-Razzaq.
While it’s important to plan and work hard, remember that true success is about balancing dunya and akhirah.
Earning halal income, even if it’s small, is far better than earling loads of haram income.
Start by making dua for barakah in your earnings and asking Allah to guide you in managing your finances wisely.
Honor your parents, give generously in sadaqah, and always keep your intentions pure. When your financial decisions align with your faith, you’ll find peace and blessings in whatever wealth you build.
8. Build Your Network 📈
Social capital is often left out of the wealth conversation.
Wealth isn’t just about money—it’s about connections. Surrounding yourself with supportive, like-minded individuals can introduce you to opportunities you wouldn’t have seen on your own (with the permission of Allah).
- Join professional groups or attend networking events.
- Connect with mentors who can guide you in your financial and career journey.
A strong network can help you find better jobs, start businesses, and even share tips on investing and saving. When we unite on the truth, we’re stronger than ever!
9. Teach Financial Literacy to Others 💌
One of the best ways to ensure generational wealth is to share knowledge.
We often emphasise the importance of leaving a monetary legacy but not the literacy legacy. Talk to your siblings, friends, or future children about what you’re learning.
When we normalise financial conversations, we empower others to make smarter money choices. Remember, knowledge multiplies—and so does its impact.
10. Focus on Sadaqah Jariyah 💰
As Muslims, it’s no surprise to us that this world is a temporary place and the akhirah is the eternal one.
The most profitable investment you can make is in the next life.
It’s important to want good for your family but true generational wealth involves leaving a legacy that benefits you in the akhirah. Sadaqah jaariyah is a powerful way to do this.
Here's some way:
- Build a well
- Plant trees
- Support Islamic schools and organisations.
- Invest in halal initiatives
Anything that continues to benefit others long after you’re gone.
By focusing on sadaqah jaariyah, you’re creating value that benefits others after you’re gone InshaAllah
So, What Should You Do Next?
1️⃣ Reflect: Choose one financial habit from this list that you want to start improving today.
2️⃣ Take Action: Open a halal investment account, start saving for an emergency fund, or draft a simple budget this weekend.
3️⃣ Stay Consistent: Remember, there’s no perfection in adopting habits. Stick to small habits consistently and watch them grow into something extraordinary, insha’Allah.
Final Thoughts 💭
Building generational wealth in your 20s is about more than just numbers—it’s about creating a legacy of stability, generosity, and faith.
Every step you take now, no matter how small, is an investment in your future and the future of those you love.
So, what’s your first step?
Start today, and inshaa’Allah, your efforts will not only benefit you in this world but in the next.
Your right-hand finance girl,
Fatimah
Founder, Finance Girlie
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