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Ep 89The Jewish Parent's Guide to Money, Work and Family
1:21

Torah & Jewish outlook · 1:21

The father's diary called it the worst day. The son's diary called it the best day of his life.

Rabbi Moishe Bane

Ep 89Mar 11, 2025

The Jewish Parent's Guide to Money, Work and Family

with Rabbi Moishe Bane

What children really want is not luxuries, not indulgences. What they want is an authentic relationship with their parents.

Rabbi Moishe Bane

More moments · 10

0:49
What children really want is not luxuries, it's an authentic relationship with you
1:09
"Bain, you're not a nice guy": why his sons chose to sit with him in shul
0:45
Do you recommend credit cards to your kids? "No. It's a poison."
0:50
The one thing children won't forgive their parents for
1:25
Why a wealthy person shouldn't give away more than 20%
0:49
Your household is a company: revenue, expenses, and profit
1:25
"How are your sales skills?" "I don't know." That's the problem.
0:50
Listen to what a person says about others and you'll know his values
0:58
The number one problem with parenting today: we contract it out
1:12
Guilt is a very non-Torah emotion. Regret is what you want.

Try this · top 3

Quotes

“I call that the big lie ... I'm working ... 90 hours a week for my children. Come on, that's not for your children.”

Rabbi Moishe Bane

“You have to look at your household income and your household lifestyle like it's a company.”

Rabbi Moishe Bane

“Children do not learn from their parents by being told by their parents. They learn from their parents by being modeled by their parents.”

Rabbi Moishe Bane

“Guilt is paralyzing ... Regret is, I'm going to learn from my mistakes and I'm going to do it differently.”

Rabbi Moishe Bane

“If you can't pay at the end of the month, you shouldn't be spending your money.”

Rabbi Moishe Bane

Takeaways

  1. 1 Separate income for living, wealth building, and lifestyle. Rising income shouldn't mean rising spending automatically.
  2. 2 Overspending hurts even people who can afford it. If high earners didn't scale lifestyle to income, pressure on everyone would drop.
  3. 3 "It's for the kids" is often an excuse to spend on ourselves. Kids want your time and attention, not luxuries (the fishing-trip diary story).
  4. 4 Kids learn money values from what you do and what you praise at the table - not from lectures. Let them see you skip an indulgence you could afford.
  5. 5 Once you have enough, point your drive and stress at family, community and spiritual goals instead of more money.
  6. 6 Any job is holy when it supports your family. The more successful you are, the more you owe the community - in money and in leadership.
  7. 7 Replace guilt with regret: learn from mistakes and change. Kids forgive a lot.
  8. 8 Judge decisions by the quality of the process, not only the outcome.
  9. 9 Know yourself before choosing a career: sales ability, stress tolerance, strengths. Switching careers at 40 isn't too late; short-term debt to retrain can be good debt.
  10. 10 Parents, not schools or shuls, are responsible for teaching davening, middos, love of Judaism and money values.

Full episode

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