Ibn Majah

Benefits and Issues:
➊ Only Allah, the Exalted, is the One who protects from every kind of evil.
➋ This supplication is a request for protection from various types of evils: guidance protects from misguidance; taqwa (piety) protects from sin; chastity and modesty protect from immoral habits and indecency; contentment of the heart protects from greed and miserliness; and outward sufficiency protects from having to extend one's hand before others for worldly needs.

Hadith Commentary:

Benefits and Issues:
Regarding voluntary fasts (nafl), the Messenger of Allah (sallallahu alayhi wa sallam) did not have any fixed or rigid routine or practice. Rather, sometimes he (sallallahu alayhi wa sallam) would begin to fast continuously without interruption, and at other times he would leave gaps in his continuous fasting. Sometimes he would fast on Saturday, Sunday, and Monday at the beginning of a month, and in the next month he would fast on Tuesday, Wednesday, and Thursday. Every week, he would fast on Monday and Thursday.

The purpose of this was that there should not be any hardship or difficulty in keeping voluntary fasts, but rather the way of ease should remain open, so that every person may fast according to his own circumstances, conditions, and ability.

The Prophet (sallallahu alayhi wa sallam) used to keep the most voluntary fasts in the month of Sha’ban, because in this month the deeds of the servants are presented before Allah, and he (sallallahu alayhi wa sallam) wished that when his deeds were presented, he should be in a state of fasting.

However, there was no month, in fact, not even a week, in which he (sallallahu alayhi wa sallam) was free from fasting.

Explanation:
O Allah! I seek guidance from You,
I am a seeker of taqwa (piety),
I desire chastity,
I wish for wealth and self-sufficiency.