Follow Allah's commands, Worship Him alone, Utilize wealth for good deeds such as charity or helping those in need instead of using it for selfish purposes or hoarding wealth for ourselves .

This hadith teaches us the importance of being detached from worldly possessions. The Prophet Muhammad ﷺ saw a man wearing a gold ring and pulled it off and threw it away, saying “One of you takes a live coal, and puts it on his hand”. This is an example of how we should not become attached to material things in this world as they are temporary. We must remember that our true purpose in life is to serve Allah SWT by following His commands and worshipping Him alone. We must also remember that all our wealth comes from Allah SWT so we should use it for good deeds such as charity or helping those in need instead of using it for selfish purposes or hoarding wealth for ourselves. It is important to keep our focus on the hereafter rather than getting too caught up in the material world around us.