Give away a portion of your wealth in charity

In this hadith, the Prophet Muhammad (PBUH) is advising Ka'b ibn Malik to give away a portion of his wealth as charity. He initially suggested that half of it should be given away, but then agreed that a third would suffice. This hadith teaches us the importance of giving away some of our wealth in order to help those who are less fortunate than us and also for the sake of Allah. It also shows us how generous and understanding the Prophet was when it came to matters such as these, allowing Ka'b ibn Malik to keep some of his wealth for himself while still encouraging him to do good deeds with what he has been blessed with.