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Ep 66How Jews View Money Differently Than Everyone Else
1:10

Torah & Jewish outlook · 1:10

The only eternal thing about money is what you build with it

The only eternal thing about money is what you build with it.

Rabbi Simon Jacobson

Ep 66Jan 31, 2024

How Jews View Money Differently Than Everyone Else

with Rabbi Simon Jacobson

Your money should reflect your soul, not your soul should reflect your money.

Rabbi Simon Jacobson

More moments · 8

1:14
If you've made enough money and don't need to work, do not retire
0:49
A billionaire told me: it's a very lonely life
0:53
I asked a wealthy man: would you give up all your money to get your kids back?
1:04
King David asked God: why did you create the wealthy and the poor?
0:40
He married into a very wealthy family. Here's the advice I gave him
1:29
2,000 people showed up to my talk the morning Lehman Brothers collapsed
0:37
I ask people who they are and they hand me their business card
1:22
The Rebbe asked a room of Chassidim who wants to be rich. Only five raised their hands

Try this · top 3

Quotes

“Gelt, which is money in Yiddish, is the same gematria ... as blote ... mud ... it can muddy you up.”

Rabbi Simon Jacobson

“Is your self-worth defined by your net worth?”

Rabbi Simon Jacobson

“You may be living in a palace in a gilded cage, but it's still a cage.”

Rabbi Simon Jacobson

“The only eternal thing about money is what you build with it.”

Rabbi Simon Jacobson

“You can't build an army during a war.”

Rabbi Simon Jacobson

Takeaways

  1. 1 Money is your time, energy and creativity in stored form. That makes it spiritual - it can build or destroy.
  2. 2 Judaism does not see poverty as the path to God. Be successful, but remember it is God's blessing and use it to build holiness.
  3. 3 Diversify your self-worth like an investment portfolio: family, values, Shabbos - not just net worth. Hard times show who built on what.
  4. 4 Tzedakah keeps money from turning into greed. Even a poor person gives, because giving brings dignity.
  5. 5 Teach kids to give early: money, time, a kind word, guests at the table.
  6. 6 Build your values before the test comes. If money becomes your identity, losing it feels like losing yourself.
  7. 7 Buying your children's love with gifts can end in estrangement.
  8. 8 The wealthy are God's trustees. Judaism allows private property and success but requires generous, self-imposed giving.
  9. 9 The highest tzedakah is a loan or help starting a business, because it leads to self-sufficiency. Unearned money is "bread of shame" - people value $1 they earned over much more received as a gift.
  10. 10 You came to the world for a mission, not to get rich. Money is a tool for that mission, and you are not your job title.

Full episode

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