Practice generosity

This hadith speaks about the importance of generosity and how it is a virtue that should be practiced. It compares the generous person to someone wearing an iron cloak from their chest to their neck, which expands when they spend money and covers their fingertips, erasing any trace of them spending. On the other hand, it compares the miserly person to someone wearing an iron cloak as well but when they think about spending money, every ring of the iron cloak sticks to its place against their body and does not expand. The Prophet Muhammad ﷺ then pointed towards his throat with his hand in order to emphasize this point. This hadith teaches us that we should practice generosity as much as possible and avoid being miserly with our wealth or possessions.