Wanna Build Wealth? Avoid These Money Mistakes (Feat. Naftali Horowitz) | KOSHER MONEY Episode 2
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- čas přidán 10. 09. 2024
- Want to build wealth? Want to be successful?
What you shouldn’t do is just as important as what you should do, according to JP Morgan Wealth Management’s Naftali Horowitz, who advises multi-millionaires on how to invest and grow their wealth.
Buckle up for a fascinating episode.
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Naftali's book "You Revealed: A Torah path to a Life of Success" can be found here:
amzn.to/36fxXbK
Please note: this book was written predominately for an observant Jewish reader.
(Due to high demand the book sells out quickly but is usually back in stock within one week)
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First money mistake to avoid is feeling the need to solve everything and be there for everyone, you have to invest in yourself before investing in others
True, financial literacy is key in these times and you must learn to invest either time or money to get returns and that’s just the simple truth
Arltoeric
It's ok to be selfish
That is kind of difficult when you have grandkids.
@@Taliecatsome other day you might lose a lot 😂
I'm a muslim, and I loved the deepness of this interview, thank you cousins.
Thanks for watching Cuz ♥️
@@LivingLchaim Peace and love ! thank you
I am muslim too we have almost the same rules!
@@beryalex1798 because your so called profet stole everything from the Tora and Bible😁
@plantedbrain i have read the quran 4 times, before using bad words i guess you have to learn about islam, your reaction tells me you dont know shit about islam. I am not a dog who barks, try to control your feelings because you like a crazy men and thats why the majority of the people dont like muslims, is because people like you. The quran changed alot and they removed alot of things. Most of the verses where not even writen but told and alot of them where writen on sheep skin and got lost in the wars. Because Mohammed enforced islam by the sword and not by peace or love, he forced people to be muslim.
NAFTALI IS AMAZING. “HOW I CREATE WEALTH”
The first step to creating wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI coach, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (accumuIated over 1M in 2years) through my financiaI coach. Bought my 2nd house in January and hoping to retire at 51 next year.
Give this a try and attain weaIth.
researvh the name, if you care.
REBECCA MARTIN WATSON
WOW! What an incredible mentor Naftali is. As a non Jewish guy, I’m abundantly grateful for the wisdom that emerges from the Jewish community. Thank you for sharing it with the world 🙏🏾
This show is like having access to a smart Jewish Uncle. Everyone needs one!!! Much Luck.
National multiplication table does not exist. These advices aren't jewish at all, but plain rationality.
@@aabbccdd320 while these principles are human in nature, the Jewish community seems to have a high rate of adoption of these principles in their culture. That would explain such a high rate of success in that culture. Cultures that don’t or haven’t yet embraced these principles seen to struggle financially and hence a lower rate of financial literacy and success. The fact that some of the ideas are put into a Jewish language or setting is so that the community is able to adopt them more easily. Embed these principles into your culture’s historical stories and soon they’ll start to progress. I’m from a Mexican heritage and we highly value hard work but some of these principles talked about in this episode are missing from our identity which I can see is a big reason we struggle financially sometimes.
@@aldolopez1596 agree. there are blacks who are investment bankers and jews who play basketball, yes they do exist lol, but culture of your community matters a lot.
@@aabbccdd320 Yes its the natural state of a child's mind then public school's brainwash
1. Credit cards is the creation of all evil
2. Don't look at anyone and say I need that because in reality you only want it because they have it.
3. Focus on something don't get into multiple businesses without having the foundation of one business
4. Know your true friends
5. Take full responsibility of your life
6. Don't point fingers
Things I learned watching this video, thank you Mr Naftali and to Living Lchaim
Number 5 should've been number 1
number 1 shouldn't exist credit is good . it's discipline that should be at number 1.
@@mr.f4832 they said what THEY learned ... not what Mr. Horowitz said .. Mr. Horowitz said has credit cards and that his payments are on auto pay ...
There are benefits to using a credit card - Gives you protection under the sale of goods act - Credit cards MUST be paid off in full every month. If you can't pay off your credit card evey month, then don't have one.
Thanks for saving me the time. I wanted to know what he said, but couldn't stand still for a full hour to watch/listen to this.
I'm a Muslim and I really enjoyed watching this video, and learned new things about how to manage your own portfolio, thanks
Me too
I’m non-Jewish and I thank you for this channel.
You never fail to bring excellent information and brilliant speakers to contribute .
Thank you for your generosity.
Our issue stems from the prevalent belief held by the majority that "having a good job is all it takes to become wealthy." Many people are unaware that these billionaires are using a different set of rules when conducting business.
You live and learn. I blew two funded $50K accounts with Karen L Nancy mentorship program. It's really making me self reflect and be able to see my trading mistakes even more. I got caught up in revenge trading and not walking away when I should have.
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich.
The best approach for novices is to trade under the supervision of an expert, trust me you will be debt free.
Wish I knew about crypto trading earlier.stock is good but crypto is better. Brace up and get yourself a bitcoin before it's too late.
Crypto is the future, investing in it will be the wisest thing to do especially with the current rise.
I’m Christian, we need this information in our community. Thank you for bringing knowledge through your platform.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@@carssimplified2195 Please can you leave the info of your investment advisor here? I’m in dire need for one
@@Justinmeyer1000 My Financial adviser is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@carssimplified2195 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Great Video! To grow wealth I’d
say just invest and let the effect
of compound interest do its
magic. I just crossed 1 Mil
Profit. 45,000 account growth
trading stocks and going
diverse, mainly ETFs, bonds, btc, and gold.
Quite sensible!
I think making money is a language everyone understands. It’s either you’re buying or selling something but increasing your figures is just a necessity!
Well, I am fairly new to the markets and all my efforts have gone downhill trying to make sense of the books and CZcams videos I found online.
Could you elaborate on how you’re getting profits if it helps?
Unfortunately, following these online tutorials hasn’t proven to do anything for investors when it comes to getting results, the reality of trading or investing is much complicated. I believe it’s most important
as an investor to simply have a process, a system you can trust to make you fortunes regardless of the ups and downs in the market.
I’ve been making consistent
passive income by having my
investments being managed by
a FINRA-certified financial pro
Christine Marie Mila. She guides
me on potential investments and
financial services, over the years
her in-depth analysis and thorough
investments research has been
invaluable in identifying profitable
opportunities for my portfolio.
@@Otis-the-III Any info on how
to get to her? I need more
details about her services
and how she operates. Thanks!
Colleen - (USA)
I learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $80k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Stocks are currently quite volatile, but if you perform the proper calculations, you should be alright. Bloomberg and other financial media have been reporting stories of people obtaining over $250,000 in a short of weeks/months, thus I believe there is a lot of wealth transfer going on if you know where to look.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation
Thanks a lot for this. I really needed the recommendation, and I would love to move my funds from an existing mutual fund. I'll check her ouT.
I'm Muslim, I live the UK. I listened thought this was truly excellent, thank you and respect 🙏
Im a 59 year old Indian Muslim man. I have three young adult kids. I thoroughly enjoyed listening to this. Hugely on point and great advice which I have followed funnily enough all my life. My wife and I live well and are comfortable. I really enjoyed listening to how an orthodox jewish family have a higher spend than a non jewish family. I really did not think of it before but it makes perfect sense. I have always respected and admired my Jewish brothers and sisters and the way they conduct themselves in business and as friends. Thank you.
Bless You!
Hope India get many muslims thinking like u...I am hindu but admire hard work done by Muslim workers at my site...very few people dare to do that kind of heavy job...u r true progressive muslim...u would been sent fatwa for doing haram(listening to jew)😃in arab countries
@@dhanorilohegaon3472 I am a Muslim and I accept, like every other person, that good things should be acknowledged. There are extremists in every religion you know, its just that some are highlighted and some are not. We as humans must appreciate good in all of us👍
@@NB-pf6il 👍👍🙏🙏world will be good place if people like u increases in all regions of world
@@dhanorilohegaon3472
Get your facts right dude , We have plenty of Jewish friends in the Arab world and they are really good people , by the way Fatwa is something done by a qualified legal scholar , and in Islamic understanding it is obliged to admit you believe in Moses and the Torah so it is not about being a moderate Muslim or not , you probably know the one and the only regime who is sending threats about throwing Jews in the sea is the Iranian regime not the Arabs , yes we want Israel to give the Palestinians a state , which is what the international law is saying , and that's it .
Your message is very concise, insightful and inspiring. I'm not Jewish however this message was full of the holy spirit. Thank you for your hard work on this.
As a muslim, your channel became one of my favorites, you educated me and enlighnted me a lot about money and other real life topics ! Thank you ❤️🙏🏻 and cheers from Morocco 🇲🇦✌️
What does it mean to be muslim?
@@tomkelly9801 inferior to jewish
@@tomkelly9801
The best feeling ever
@@hafsaguled1074 then why muslims are coming to Europe. Why they could not stay where they are and feel good there?
@@tomkelly9801going to Europe and still muslim. What are you trying to say here?
To cut it short: don’t spend what you don’t have & educate yourself for growth (spiritual, intellectual and financial).
Thank you
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
It’s all about avoiding debt, keeping your expenses low, maximizing your income and investing.
I am a 48 year old Mexican/White American male and was NOT taught money management. This was very helpful. Thank you both for the the video.
Where do u live ? I'm looking for a job
No pun intended, but why is it necessary to mention the Mexican/white/male part or is that just the identity politics American culture
@@Wambuto It’s not necessary at all I never liked that we have to say what ethnicity we are, but to me , it shows we are all listening to each other with respect and compassion. Probably not necessary but the guy before me said he was Muslim.
@@Wambuto it's extremely relevant, not for the racial component but for the cultural component. The cultural differences between gentiles and Jews is exactly what means Jews are often more successful.
trust me I am a 29 year old also mexican/american make and was never taught about money. here I am learning it on my own.
I initially planned to retire at 62, working part-time while saving money. But steep price increases have disrupted my plan. I wonder if those who experienced the 2008 financial crisis had it easier than my current situation. The declining stock market has lowered my income, and I'm worried that my reduced contributions will leave me with insufficient retirement savings.
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
I suggest formulating a diversification strategy as constructing a strong financial portfolio has become more challenging post the onset of COVID. A coworker proposed the idea of enlisting the services of an advisor. I can personally attest to the success of this approach, having earned more than $120K with their guidance amidst the market turmoil. They employed defensive tactics to safeguard my portfolio and generate gains despite the market's fluctuations.
@@VictorBiggerstaff I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My advisor is Laurel Dell Sroufe , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Reformed Christian here. Love my Jewish friends and their wisdom. Subscribed!
Tommy, what's the difference between a Christian and a reformed Christian? Just curious
I'm waiting for the answer.
Me too
Rabbi made his points logically, calmly and with kindness. Take note Dave Ramsey. This is how you reach people.
This is all great info. I came across this channel by mistake and I'm a Black non-religious woman. I wish more people in the Black community understood these things better. This video resonates.
I'm a black woman too, I'm taking notes. I love this💯🎉
Black father in New York here digesting all of this so I can teach it to my 19yr old son. It helps me verbalize concepts I couldn't explain on my own.
I never comment on videos, but decided to jump on this one just to say if we are watching, trust that some more black folk make up some of the 1.4 million views.
You are a great interviewer. Asking all the questions I would have wanted to ask, and letting the man speak his mind without interrupting. This is not something to take for granted.
I grew up in Brooklyn NY in 70’s. Now living in California. He’s full of wisdom. I only wish I could know someone like this in Southern California.
I do not belong to any religion, but I find Kosher Money very useful. I wish that I was guided from early age according to these values.
I just bought his book "You, Revealed". Reading with a highlighter and sticking post-its on pages I want to go back and read again. I made two financial changes in my life as a direct result of this book. One thing I will share: I had an account where I owed $9,000. I was current on my payments but the interest rate was STOOOOOPID! I closed a CD, took a hit on the penalties, took some money out of my savings account, and paid the damn $9,000 off!! What a glorious feeling!!
Buy the book, y'all!!
Always get out of debt first!
He has me thinking on paying off my credit card earlier than I want
you might be able to deduct the CD penalty from your income tax.
So impressive!!!!! Thanks for sharing.
Great move! The hit was worth it. Some common sense and basic arithmetic goes a long way towards becoming financially stable.
As a Christian I am so very grateful for the wisdom and understanding that was imparted from this podcast. When the Rabbi spoke of “Real” success, and being attracted to wisdom and internalizing ethics and morals you will be wealthy and successful in the most important ways. May G-d continue to help all his children through your knowledge. Be Blessed 🙏🏾❤
Do you think saying “as a Christian” gives you some special credit or something?
Well being a Christian reconcilles one to God and credits you as righteous, so yeah pretty special credit
@@anthonyjames4319: I think our religion also plays a major role how we think/how we should live in this world. Yes, Jewish understanding and Christian understanding or way of life is different so it's good to learn what others have to offer.
The Rabbi is brilliant, NO DOUBT! But the interviewer NEEDS SERIOUSLY LIT CREDIT 👏🏽
I haven’t seen anyone ask BRILLIANT QUESTIONS such as the interviewer! GREAT JOB SIR!!!
We were the poorest family I knew after my parents divorced and mom became terminally ill. I was homeless briefly at 19 but had a car paid for in high school and a positive net worth with college savings and a full scholarship all earned in high school. Graduated From college with honors and a positive net worth and a good engineering job I kept until retiring after 38 years. After age 31 I never paid a penny in consumer or mortgage interest, using cash reserves for everything purchased. I bought fixer upper homes and on the third house, I paid cash in an upper middle class neighborhood at Age 33. I had my first million net worth at age 40, bought beach rental properties and was a multi millionaire by 45. Retired at 59 with a net worth approaching $5 million. Saving and investing in appreciating assets allowed me to accumulate almost twice that of every penny ever netted in a paycheck. It CAN be done the hard way.
These are the people we need. I was also born into poverty and worked really hard. I don't buy stupid stuff but I definitely cannot be considered poor anymore. Thanks for working hard my friend. People don't understand education (trade, college, journeyman) IS the opportunity people in poverty keep complaining they don't have. I work in construction and so many foremen only have a high school degree but now they live the white picket fence because they worked hard. The first 100k is the most difficult one because it's looked at from a 1k perspective which means you need to 100x. That's waaay more difficult than 10x that 100k to 1M.
@@IAMBETTERTHANYYOU Part of what makes the first 100k tougher is you're new. I made rookie mistakes (dividend investing) the first year or two, and investing wasn't as routine. It took over 3 years to hit 100k, cheerfully accepting 10% returns. The 2nd 100k took a little over a year once I switched to growth stocks. Once you're getting good returns, you start throwing everything at it. Get a bonus? Invest it. Get a raise? Invest it. Tax refund? Invest it. Fiancee returns your ring? Invest it.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.
@@elizabethyork590 I always believed in long term Investment as a savings vehicle for retirement. As I am a passive investor, with a day job which does not allow me to monitor stocks movement actively, DCA is the only way. Or else, if I have a bigger capital pot I have to engage my Financial-Advisor "LISA ELLEN SHAW" who has made me understand that you must have a strategy to outperform the index. So i do not worry about short term performance that's why i mirror her trades. So far in 2022 i have accrued north of CAD 456k under her guidance.
@@Americanpatriot723 A great start to financial freedom! how can i reach her? I need to get ahead.
I'm a Srilankan living in Great Britain, it's a fact that Jewish people are very successful hence why I listen to This podcast. This is great advise for families of all backgrounds.
Tamil ?
Are you ltte?
exactly
I am not Jewish but I really appreciated this video. Thank you.
I enjoyed the rest of the vide but man, when he started talking about what true success means, that took it to another level. Being rich and being successful are two different things. Finally somebody said it and unapologetically at that. Thank you Rabbi 🙏🏾🙏🏾
Time stamp please
@@mmp495 probably around 48:00
a lot of gems … Great episode… Im a 52 year old black man from Brooklyn a lot of what he spoke about i was taught by my father.. I will sit and watch with my children.. You can learn from anyone no matter race, religion or class..This has now become one of my favorite channels .. Finance, life principles,life lessons, religious teachings, the importance of community and family.. 💎 💎 💎!!!!! I ❤️ it!!!
Agreed and outside perspectives can be more beneficial.
Brooklyn!! My home town. May God bless you with everything good.
Can't help but appreciate a culture that puts accountability and selfcontrol in the forefront.
Self-control and habits seem to be the key to just about everything.
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy Mary Liam.
Wow I'm just shocked someone mentioned expert Mrs Lucy Mary Liam I thought I'm the only one trading with her
@@HenryGibson173 You don't need to be shocked I'm also a huge beneficiary of her trading, she has been handling my account for months now.
I remember starting this journey with half BTC but in 14 months I have made 17.8 BTC form days and swing trading with expert Mrs Lucy Mary Liam.
Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did
I met her in a conference in Washington DC and after her speech I was opportune to meet her and I started investing, I'm happy today because of expert Mrs Lucy Mary Liam.
Got to love the way he says do not borrow money to buy his book whereas we have all these other gurus selling courses to vulnerable people these days for tens of thousands of dollars and they pressure people into borrowing the money do do that. Respect
I am not Jewish but I have started to listen to your interviews and they are enriching, Hashem bless you for sharing thanks my brother, Shalom
I am Indonesian moslem. This vidio gave me information to learn about the wisdom of using money. Thank you.
Very true! working from home vs going into the office saved me thousands on wardrobe expenses. Heels,jewelry, apparel, perfume, etc. Not to mention eating out with colleagues and Friday happy hours…
It also turns you into a caveman LOL
I’m not Jewish Horowitz save people life! Deeply in my heart Thank you!
I came across this channel randomly, but I have to say that I’m from a Sikh background and what your guest said about peer pressure really resonates in our community as well. Everyone really wants to keep up with the Joneses. Great conversation.
Mr. Horowitz made an excellent point: spending on one thing means not spending on another. You have to make wise choices. The tuna sandwich analogy was perfectly understandable. Having money for your family and your retirement takes wisdom and a rational strategy through both up and down markets.
Thank you for posting this talk.
The common sense advice conveyed in a calm tone was very helpful.
Thank you for sharing. Personally I suck I finances, so I rely on my brave wife😬 and these type of podcast, to brainstorm me.
Every fancy corner cafe owner after listening to the save on 5$ Latte advice , Hope this does not spell trouble for Latte business in the aftermath!
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@MarcusFred-wn3iv I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@DavidAntony-gq7id I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@MarcusFred-wn3iv Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
@@DavidAntony-gq7id
MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Make this go viral. So many people need to listen to this
Not a Jewish guy here but man I’m really glad I found this channel. Great discussion and ideas.
I listened to this podcast three months ago. I came to that realization about five minutes in. However, I could NOT skip listening to it again as there is so much good advice.
I am Ecuadorian living in the USA, and have always wanted to get the financial knowledge of Jewish people, but hast been easy to get close to them, but now I feel so blessed to find this info here in CZcams, thanks so much 🙏, appreciate your job.
Hello fellow Ecuadorian! I’m from Ecuador too! I live in the US as well. Great great teachings! I also recommend you to watch and also learn from Dave Ramsey. And the financial peace university also compiles this knowledge and it can really help you. I really needed to hear this, every 4 to 6 months I have to steer my financial life to keep it healthy and follow this type of teachings. Very refreshing to hear them from the Jewish Community, Our Creator will bless them for trying to keep us all financially healthy. I do eat kosher, try to live in places with less crime, try to put my kids in schools where they will not be brainwashed. I can learn a lot from this too, thank you to the people in the video.
Thank you. I have always believed that nothing happens for no reason, I’m always looking to get better information to improve my finances. Glad to see your comment, I live in NJ, any time your around let me know so we can have a coffee 👍🏽
'Nothing is for free... There is a trade-off in everything we buy'. Profound.
A timely reminder that buying expensive things doesn't make you happy. Being good stewards, like this lady and passing it down to the next generation is wise.
1 Timothy 6:7 KJ21
For we brought nothing into this world, and it is certain we can carry nothing out.
I love your comment, nice one🤙
Not true, work and rewards yourself, not to rewards lazy next generation to born and lay on money
Just ran across your video, something told me to click play. Glad I did. I’m not Jewish but love learning about investing. Found your content, from a Jewish perspective fascinating.
Discipline, hard-work, and willingness to learn! (47mins in)
Ok.
I wished I could meet Rabbi Naftali Horowitz one day. He is such a wise man and very humble. May Ha Shem continue to bless him 🙏
Muslim here. Loved this talk and the Rabbi’s ability to connect with his audience. I learned a few gold nuggets today. Thank you .
I am glad you don’t agree with your Quran cos it tells you Muslims to hate Jews and Christians!!!
@@emmanuelyambo4143 no it does not. If that was the case most Jews would be killed off in the Muslim empires from 600-1800AD. 1200 years and not one genocide of the community. In fact the Ottoman Empire took in Jew refugees from Spain in 1490s. there are good Muslim’s and bad Muslims just like a good Jews and bad Jews. Life is to short to be biased. Don’t judge people on their skin Color or believes. Make your money and live your life.
@@emmanuelyambo4143 Turkish, Moroccan and Persian diplomats and leaders saved thousands of Jews from the Nazis. Many of their Xtian contemporaries can’t exactly state the same. No countries ever have been more hostile towards Jews than Xtian ones. Especially in Europe.
@@HatovimLeTayis read your Quran before you make such claims!! If any Muslim says we love Jews then he or she is not following their Quran!!!
@@emmanuelyambo4143 Professional Troll 🤣
It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.
In my opinion, SVB was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.
Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
We're only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08' crash and I've been looking into similar opportunities in this present market, could this coach that guides you help?
My Financial Advisor is TRACY BRITT COOL. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven't regretted doing so..
@@lillyvazgueztk1410Please how can i reckon with such skillset? I'm seeking for a more effective investment approach on my savings, putting it to work because its getting killed due to inflation
I’m a single mother with 5 y.o. Barely making living. I exist 😢.
I found this wonderful channel. I will take fist step to become successful. Thank you very much.
I'm a Christian, enlightened today by knowing the Kosher Money. ❤
@@islandhopper100 Surely, Money has nothing to do with religion, of course, but religion can provide the insight to use money properly for the betterment of humanity.
I'm a Muslim and feel very happy and impressed to hear such wise and wonderful discussions of my jew brothers but unfortunately have no one around me to meet.
Regards
Im black from usa, I appreciate this talk
The Range Rover story is so true. I owned a $50,000 truck and I felt bad spending my hard earned money on it so I traded it in and bought a $19,000 car instead. I don’t care what anyone thinks about my car, they’re not paying my bill, I am. It’s the mentality of not caring about what people think of you is important. I went to the mall once and asked the sunglasses salesman if my $12 sunglasses looked cheap, he said yes, but he said his expertise and experience selling and collecting sunglasses is the only reason why he can tell. He added, nobody’s going to notice my cheap sunglasses, so I put down the $400 Prada sunglasses and told myself it’s not worth it.
Are you a white american guy?
Salesman fail. But he was right
how much did you lose when you traded it in though
Je s
@@carlosaparcedo4096there was a 31k gap, so he likely would be 20-35k better off (the market has been wild over the past 2 years)
wise people are not limited to religions, they are limited only to humanity, well done Reb!
As a Polish person, went to UK 25 years ago. Without knowing language. Started with cleaning people houses.... now do not have mordgege or credit cards, owe three properties.... Work hard, save money and you will see benefits in the future...
Im a German Japanese and Africa man and this video is 👍
A German, Japanese, and African man walk into a bar...
I love this conversation and am a Muslim. His a great person with so much knowledge. Thank you for all of your advices.❤️
@michele langston I think it would be unfair to put a price tag on a creative mind. I believe it’s priceless.
Do Muslims usually hate Jewish people’s conversations?
@@dr.dickgivens Jews has fleed to muslim countries when west were killing them. It's just Isreal vs Palestine now it's not muslim vs jews
@@mickeysuede2219 Muslims view Jews as brothers
@@dr.dickgivens where did you get that from? Sounds islamophobic
I'm a Muslim and i really learned too much about money today from u
thanks
I love love how he knows how much it costs to make a tuna sandwich. He really broke it down. Priceless. If we stay away from the marketing games….we all will be richer for it.
As Africans we can definitely learn a lot from these industrious folks who have also faced and emerged from much adversity particularly with regards to nation building, development and generational wealth. Salamu!
True
hilarious.
I learned so much from your conversations with Rabbi Naftali. You had the guts to ask the questions I would’ve like to, and Rabbi Naftali is not just smart, but super wise. Thank you!
He was a mensa genius, too, so he's really smart.
When he said "I'm not a 'side hustle' guy" I burst out laughing and immediately fell in love!!
Right?!? And he really has me thinking!
Jewish folks know how money works! I appreciate the $ advice from my Jewish friends and shows like this bring to me. Thank you
don't know why but something really doesn't sit well with me and your remark
@@svietka202 probably because Jews are usually blamed for all the worlds problems. The comment seems more like a praise than slick talk. Statistics do speak for themselves though the Jewish community are great when it comes to their finances for the most part
@@svietka202 I think you may be bothered by the Jewish stereotype of being good with money
@@svietka202 it’s a generalization as the guest specifically said many Jewish people are not budgeting properly. But I don’t mind the stereo type. I live part time in a Catholic of course poor country. I see hungry people getting tattoos. I see rich people frivolously spending and some end up losing their wealth status, heavy gambling and I see poor people mishandling money. Waste everywhere I turn. Yet in the small Jewish community no one has gambling debt, no bar tab debt, no drunken rampages and our poor congregants don’t waste money on tattoos. But, the community albeit small is quite charitable per capita. There is a difference and it’s ok to point it out and would like such wisdom to take hold.
Go to 48:00 that’s where he tells real success. Very true. Touched my heart!
I'm going to have my wife watch this with me, mostly for his definition of success. He just oozes wisdom! I need to read his book. These are just fantastic words to live by.
Ohhh my God anyway I know will be more important for you too 😂😂😂😂
My hubby and I watch this together. It helps us indeed.
Mr Horowitz is super practical guy!!!
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@@Blitcliffe I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "NICOLE DESIREE SIMON" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Thank you so much for you're wisdom and insights. The Bible says that God has given the Jewish people the ability to create wealth i believe this is very true. Sending blessings from the 🇬🇧
make a youtube channel and let me help you...
We all can learn a lot from this man. He explains so well and he speaks from his own experience, not from theories out of books.
I’m 55 years old. No retirement savings. I’m a real estate sales agent. Not sure how I will build enough at this point. But this video helped me to not live beyond my means and to be comfortable with a basic lifestyle .
Holy smokes be a landlord to afford retirement. Move into a small place or let out rooms to start, rent out your home or rental property.
Your almost screwed. But there are ways.
And they ain’t gonna be pleasant.
@@mike.p.1400 like what?
@@nobodycamnotguilty4497 if your healthy you might have ten years.
If your smart you could more than that.
The fact that you are content is a good thing.
Are you married ? Any kids ? Responsibility’s ?
Because these things could complicate things.
@@mike.p.1400 Live with my 26 year old son. He will be independent soon. He is starting a new job for the city, so it will just be me. 55 years old . Aside from prostate complications , no issues. I should go past 80 if I can resolve the prostate issues. Most people think I’m in my 40’s. My income is not great but the potential is there . Im a real estate agent. One day I have almost nothing next day 15,000 on a sale in NY . But inventory ratio to agents not good. Homes sell themselves.
Wow i am a protestant from Cameron centraal Africa and i am learning from the jewish community about money
I hope Naftali’s next book is about budgeting for the frum family.
The first step in budgeting, spend some money - on birth control. seriously it's a system designed for failure.
I don't know how I landed on this video but I'm an black women of West Indian/Caribbean origin and let me tell you that it's no different in our community. The issues and debt/money problems are exactly the same. Remove religious aspects and the pressure to equal your neighbor or those in your social circle run true all across the board. What all cultures need is financial education from a young child. From how to pay a utility bill and how to take a paycheck and budget. Kids are smart they will get it.
I know
Yes I was literally saying the same thing. Even though ppl in the Bronx don’t see rolls Royce’s going down their streets everyday like ppl in the Hamptons they too feel the pressure to keep up with the Jones’s
Then live like Amish ppl maam.period.the more you spend no matter what is your religion....the more you have to work.
Actually religion plays a role in the financial aspects of societies, it can be positive or negative, it all depend on the theistic views of the faiths, look at Judaism they believe that every Jew should have a trade to avoid begging because they believe Jews shouldn't be beggars, same with early Christianity they believed in a form of brotherhood whereby every Christian should be a tradesman and the rich should share their wealth to uplift their fellow believers but laziness was condemned to the point of starving the lazy but anyway it saddens me to see how it has been contaminated especially with Catholics and morden unbiblical dogmas and doctrines, Infact the African churches are one of the worst, it's basically Voodoo with the cover of Christianity, whereby sorcery replaces the holy spirit and ritualist wear suits, it's like we are still left back in the days whereby everyone was doing juju.
Me too & I am an Arab Muslim ☪️ ❤the Video 🙏
I do not have any relation to jewish culture but I like this "video" a lot! Great topics. Honest contributions. Rational explanations. Calm, logical, constructive, no hype. Thank you! Great job and all the best in current times and beyond ☝️
I would show this to every student in high school so they can understand the value of money.
I am not Jewish. The CZcams algo brought be here. I just want to say this was an amazing conversation. I wish more young people were exposed to information like this. Mr. Horowitz' observations are spot on, not just about money but about life and happiness in general.
Buying vanguard index funds is where i was planning to put my inheritance. I appreciate this mans advice.
I Love Jewish people so focused and family centered.
There are so many motivational speeches regarding money, wealth and etc from different well known speakers. This is the best interview I’ve ever heard with the best perspective and wisdom. The guy just nailed it to the point.
That story of the friend splitting the sandwich is beautiful.
Responsibility for everything in your life, discipline, hardwork and humility.
I’m Jewish when it comes to money. No other people come close!
What an inspiring Rabbi. A real Man of God.
One of the best advice I have heard regarding money management. Saving money is the first step in building wealth.
Mine is "Diversification". You shouldn't put all your eggs in one basket. A friend of mine lost almost half of his inheritance in the Luna crypto saga. Personally, as one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though). I also experiment with a couple of other things. Imagine what the situation would had been given the real estates market if I were solely banking on it.
@Eric Douglas you don't need one if you got time. read materials on this, watch videos on this, you will be alright
@Eric Douglas Funny enough, I can honestly relate. It takes some level of decisiveness and discipline. I don't know if I am permitted to drop it here, but her name is "Sandra Yvonne Webster". Was in the news a lot in 2018. You may check her out online for more.
@@Brussardjnr I listened to Sandra Y Webster's podcast on Nft bubble last Tuesday. She's vast i give it to her though i haven't worked with her. Learnt she's a top director too.
The first steps to wealth are to provide a great service for renumeration (ie WORK, WORK, WORK) and to constantly study to be better, wiser and more educated.
I agree with that
I Listened This From The Caribbean 🇻🇨 3.23.22 And This Blew My Mind With So Much Knowledge.
So humble such wisdom this Rabbi
Rich vs success
Contentment purpose
No shortcuts
This is the man people need to hear
Not our former president
The world will be a better place
This interview provided excellent advice and wisdom for life. I am Roman Catholic and 99% of what he said was taught to me by my own family. These principles transcend all faiths and cultures.
He is very smart, especially I like his idea regarding Inflation!…and so many other things, His attitude and peace of mind just kills me. 😀
I'm not Jewish, but this is a great interview and a valuable channel with good information, whatever denomination you belong to. Thanks.
One of the quotes naftali says " don't spend money you don't have " it means don't be in a debt ever. Great quote😍
What a great interview. During the first part when he was speaking about people with money trouble it felt like I was listening to a kinder, gentler, Jewish version of Dave Ramsey. Now, to go find Episode 1.
Im a muslim, if I ever meet them both, I will personally sit down and pay for a kosher meal and devour all the knowledge I can listen n digest.