Think carefully before making decisions; Act according to what is right; Be humble; Avoid showing off wealth or possessions too much .

This hadith is about the Prophet Muhammad's decision to discard his gold ring with a stone in it. He made this decision after seeing that people were wearing rings as well, and wanted to set an example for them. This hadith teaches us that we should be careful not to follow trends or do something just because others are doing it. We should always think carefully before making decisions and act according to what is right, even if others are not doing so. It also teaches us that we should be humble and not show off our wealth or possessions too much, as this can lead to pride and arrogance which are qualities disliked by Allah SWT.