English Translation of Hadith
Hazrat Abdullah bin Ash-Shikhkhir (May Allah be pleased with him) reported: I came to the Messenger of Allah [SAWW](PBUH) while he was reciting (Surat At-Takathur 102): "The mutual rivalry (for hoarding worldly things) preoccupies you. Until you visit the graves (i.e., till you die). (102:1-8) (After reciting) he (PBUH) said, "Son of Adam says: `My wealth, my wealth.’ Do you own of your wealth other than what you eat and consume, and what you wear and wear out, or what you give in Sadaqah (charity) (to those who deserve it), and that what you will have in stock for yourself.”
[Muslim Book 01, Chapter 42, Hadith # 7061].
Lesson : as mentioned above in Surah As-Sajda Ayat 16 “they spend (charity in Allah’s Cause) out of what Allah have bestowed on them” This Hadith enjoins if a person given wealth, he or she should spend it in way liked by Allah because it is this Sadaqah which will be a valuable treasure in the Afterlife. Whatever else he or she consumes in this world, will finish or rot in this world and will be of no avail in Hereafter.