15 Reasons Why JEWISH People Are RICHER — Transcript

Full transcript

1. 0:00no this isn't an anti-semitic video
2. 0:03it's an educational one and we hope
3. 0:04you'll learn something by the end
4. 0:06throughout history jewish people have
5. 0:08been perceived as being wealthy
6. 0:10but where did that rhetoric stem from we
7. 0:12know that jewish people like all people
8. 0:14have their wealthy middle class and
9. 0:16their lower income group so alexers
10. 0:18today we're going to delve deep into
11. 0:20this thought process
12. 0:21welcome to alex.com the place where
13. 0:25future billionaires come to get inspired
14. 0:28if you're not subscribed yet you're
15. 0:31missing out
16. 0:33number one judaism and wealth
17. 0:36judaism doesn't cast poverty as a sign
18. 0:39of righteousness
19. 0:40as other beliefs might instead they
20. 0:42believe each person
21. 0:44should avoid poverty and be gainfully
22. 0:46employed to earn their own living
23. 0:48this is a fundamental value that has led
24. 0:50to a good work ethic and a personal
25. 0:52responsibility for each person
26. 0:54earning their own keep jewish people
27. 0:56also believe in giving
28. 0:58they believe that 10 to 20 of wages
29. 1:00should go toward religious
30. 1:02and charitable causes however they don't
31. 1:04believe in relying on charity to lift
32. 1:06yourself up
33. 1:06and certainly not to become a burden on
34. 1:08the community growing up with this kind
35. 1:10of mindset makes for a solid foundation
36. 1:13to see success
37. 1:14as the only option number two
38. 1:18european jews couldn't own land
39. 1:21if you think anti-semitism was only
40. 1:23popularized in world war ii
41. 1:25think again jewish people have had a
42. 1:27tough history
43. 1:28including not being able to own land in
44. 1:30europe from as far back as the medieval
45. 1:32times
46. 1:33but where there's a will there's a way
47. 1:35so jewish people found
48. 1:36alternative ways to build their wealth
49. 1:38outside of property owning
50. 1:40one of them being merchants and traders
51. 1:42industries to this day where they still
52. 1:44have a big footprint in most countries
53. 1:46this created a safety net for jewish
54. 1:48communities because
55. 1:50where their services were needed they
56. 1:51were safe number three
57. 1:55religious opportunity was taken to
58. 1:57christians in the middle ages
59. 1:59charging interest was a sin this
60. 2:01prevented them from holding any type of
61. 2:03financial job
62. 2:04leaving the opportunities in that field
63. 2:06open to the jewish community who did
64. 2:08not see lending in the same way jewish
65. 2:10people became prominent in money lending
66. 2:12businesses
67. 2:12the jewish people's early success in
68. 2:14this lucrative business
69. 2:16was a forerunner for many of the
70. 2:18stereotypes we hear today of jewish
71. 2:20people number four
72. 2:23opened the first banks it was a hop and
73. 2:26a skip from money lending to opening the
74. 2:28first banks in europe for the jewish
75. 2:30community
76. 2:31they could manage transactions transfers
77. 2:33and day-to-day financial services
78. 2:35plus continue to lend money and charge
79. 2:37interest with their strong background in
80. 2:39finance
81. 2:40this was a much needed service on a
82. 2:42developing continent
83. 2:43and helped to fuel further growth but it
84. 2:45wasn't all
85. 2:46rosy this success also led to jealousy
86. 2:49which
87. 2:50fueled much of the anti-semitic
88. 2:52sentiment throughout the ages
89. 2:55number five the most educated religious
90. 2:58group
91. 2:58in 2016 the pew center released a study
92. 3:01which listed jewish people as the most
93. 3:04educated religious group in the world on
94. 3:06average
95. 3:07the jewish community receives 13.4 years
96. 3:10of schooling
97. 3:10when it comes to post-secondary degrees
98. 3:13jewish people hold 61
99. 3:15of the qualifications what's more
100. 3:17surprising is the vast difference
101. 3:19between
102. 3:19first and second most educated religions
103. 3:22christians
104. 3:22rank second most educated but compared
105. 3:25to the average of 13.4 years of
106. 3:27schooling among jewish people
107. 3:28christians only rack up an average of
108. 3:309.3 years at school
109. 3:32more credentials lead to a higher
110. 3:34starting salary and this
111. 3:36immediately improves the financial
112. 3:38status of jewish people
113. 3:40right out of university number six
114. 3:43they look after one another perhaps it
115. 3:46comes from a long history of being
116. 3:47marginalized or perhaps it's just
117. 3:49inherent nature but jewish people have a
118. 3:52deep pride in sharing their wealth to
119. 3:53benefit their community
120. 3:55this mutual aid mentality is a part of
121. 3:57their ethos
122. 3:58and ensures that each member of the
123. 4:00community is supported to enable them to
124. 4:02succeed
125. 4:02if someone opens a new business the
126. 4:04community will rally around them to
127. 4:06support it
128. 4:07if someone else falls on hard times the
129. 4:09community will try to help them out
130. 4:11judaic law instructs that poor people
131. 4:13are to be respected and protected
132. 4:16this strong focus on uplifting the whole
133. 4:18community has meant that even
134. 4:20shunned jewish communities have managed
135. 4:22to survive the hardest times
136. 4:23by investing in one another the idea of
137. 4:26wealth is not just to accumulate wealth
138. 4:28which is seen as vanity
139. 4:30wealth is seen as a means to an end to
140. 4:32grow a community
141. 4:34it is highly frowned upon to not give
142. 4:36generously to the social and spiritual
143. 4:38needs of the community
144. 4:41number seven their religion teaches good
145. 4:44business practices
146. 4:46the torah and many jewish philosophers
147. 4:48leaders and writers have made it clear
148. 4:50how jewish businesses must operate
149. 4:53according to these teachings there's
150. 4:54absolutely no room for dishonest
151. 4:57practices
152. 4:58any deception collusion or price fixing
153. 5:00against a consumer is known as
154. 5:02ona'a which translated means oppression
155. 5:05fleecing the consumer is seen as an
156. 5:07oppression of their freedom
157. 5:09knowing that you're going into business
158. 5:10with someone who's inspired to good
159. 5:13ethics by a higher power
160. 5:14makes jewish business people a very
161. 5:16attractive business partner to many
162. 5:20number eight resilience and perseverance
163. 5:23are second nature despite extreme
164. 5:26challenges
165. 5:26jewish people have shown resilience
166. 5:28throughout it's woven into their fabric
167. 5:30and the focus remains on the spiritual
168. 5:32and practical
169. 5:33with this resilience and perseverance
170. 5:36giving up is not an option
171. 5:37when things go wrong in business which
172. 5:39happens there's no self-pity but an
173. 5:42attitude of
174. 5:42happens let's figure out how to fix
175. 5:45it as author of
176. 5:46the money code become a millionaire with
177. 5:48the ancient jewish code
178. 5:50h.w charles wrote the jews are known for
179. 5:53their perseverance and this is what
180. 5:55helps them achieve their goals
181. 5:57perseverance means continuous
182. 5:59persistence in a course of action
183. 6:00a purpose in spite of difficulties
184. 6:03obstacles or
185. 6:04discouragement number nine
186. 6:07good financial education taught over
187. 6:09generations
188. 6:11jay-z got a lot of pushback for his
189. 6:13comments on jewish people in his
190. 6:14track the story of oj the controversial
191. 6:17line was
192. 6:18you want to know what's more important
193. 6:19than throwing away money at a strip club
194. 6:21credit you ever wonder why jewish people
195. 6:23own all the property in america
196. 6:25this is how they did it it was seen by
197. 6:27many experts as
198. 6:28reinforcing the stereotype that jewish
199. 6:30people have some kind of global control
200. 6:32of property and banks however jay-z
201. 6:34defenders
202. 6:35saw it as a shout-out to jewish success
203. 6:38and a hint to the black community to
204. 6:39follow
205. 6:40similar business ventures and invest in
206. 6:42each other the kind of generational
207. 6:44knowledge and market confidence in the
208. 6:46areas of finance and property that the
209. 6:48jewish community has
210. 6:49is enviable no matter who you support
211. 6:52number 10 parents teach their children
212. 6:55the value of money
213. 6:56in many households speaking openly about
214. 6:59finance is taboo
215. 7:00parents try to protect their children by
216. 7:02not sharing if they're having financial
217. 7:04troubles
218. 7:04or if they're wealthy displaying that
219. 7:06it's okay to splurge
220. 7:08by using five jars many jewish parents
221. 7:11teach their children
222. 7:12how to be money-wise each jar is labeled
223. 7:15tithe giving and offering saving
224. 7:18investing
225. 7:18and spending children are given 10
226. 7:20shekels and the child puts
227. 7:22one in the tithe jar one in the giving
228. 7:24and offering one in the savings
229. 7:26two in investing and five in spending
230. 7:29the giving jar is opened up on sundays
231. 7:32the tithe which means 10th in hebrew is
232. 7:34opened at the end of the month
233. 7:36the savings is opened on special
234. 7:38occasions and investing is only opened
235. 7:40when
236. 7:41full parents don't intervene and the
237. 7:43child is responsible for the money
238. 7:45but the children learn from their
239. 7:46mistakes and take ownership of their
240. 7:48decisions
241. 7:50number 11 wealth is managed effectively
242. 7:55sages of the talmud the lives sayings
243. 7:57and stories of four hundred rabbinic
244. 7:59masters
245. 8:00a book written by mordechai javoditz is
246. 8:02a great read
247. 8:03you can also hear it on audible and it
248. 8:05shares many words of wisdom
249. 8:07including how to manage money with
250. 8:09spiritual motivation
251. 8:10the book also touches on finances and
252. 8:12diversification
253. 8:14what diversification means is that
254. 8:16capital is allocated in a way that
255. 8:17doesn't expose
256. 8:19too much to one particular risk or asset
257. 8:21but rather
258. 8:22spreads it out to reduce the risk to sum
259. 8:25it up in its most
260. 8:26basic form don't put all of your eggs in
261. 8:28one basket
262. 8:30number 12 networking is important
263. 8:34hey luxers we all know how networking
264. 8:36opens doors and business opportunities
265. 8:38and only by actively engaging with
266. 8:40others
267. 8:40can we grow our business and wealth
268. 8:43people do business with those they know
269. 8:45trust and who are genuine with jewish
270. 8:48communal life
271. 8:48there is ample opportunity to network
272. 8:51the sabbath synagogue and jewish
273. 8:52celebrations
274. 8:53help to build long-lasting relationships
275. 8:56both business
276. 8:57and personal number thirteen
277. 9:00look at the past to plan the future
278. 9:04hey luxers we've all heard the saying
279. 9:06history repeating itself the jewish
280. 9:08community are aware that any
281. 9:09circumstances arising now
282. 9:11are not new by looking at similar
283. 9:13situations that have happened in the
284. 9:15past
285. 9:15it's easier to make better business and
286. 9:18financial decisions for the future
287. 9:20patterns repeat themselves wealth is
288. 9:22gained by learning those patterns or
289. 9:24trends
290. 9:25understanding market cycles and gaining
291. 9:27a foothold on worldwide currency
292. 9:29kalso kukrikorn author of the secrets of
293. 9:32jewish wealth revealed
294. 9:33beautifully writes until now your money
295. 9:36has told you
296. 9:37what to do and how much to work now
297. 9:39you're going to turn that around
298. 9:41you'll learn how to tell your money what
299. 9:43to do and how much to work for you
300. 9:47number 14 advice from one of the richest
301. 9:51mark zuckerberg was raised in a reformed
302. 9:53jewish household he had a star wars
303. 9:55themed bar mitzvah
304. 9:56he was just 19 when he started facebook
305. 9:59in 2004.
306. 10:00zuckerberg says he's become more
307. 10:02religious since becoming a father and
308. 10:03often dispenses great advice for
309. 10:05up-and-coming business leaders
310. 10:07he says some people dream of success
311. 10:10while others
312. 10:11wake up and work hard for it to help you
313. 10:13along your financial journey we highly
314. 10:15recommend you watch our video
315. 10:1710 life hacks that actually work where
316. 10:19we explain an interesting concept called
317. 10:21parkinson's law check it out
318. 10:24number 15 the simple truth
319. 10:27hey luxers it is true there are a lot of
320. 10:30jewish people that are rich but it's
321. 10:32also true there are a lot that are poor
322. 10:34the same goes for every other person
323. 10:37jewish or not
324. 10:38the torah does teach beautiful
325. 10:40principles for success in life which we
326. 10:42can all learn from
327. 10:44self-learning education and a hunger to
328. 10:46learn will set you on the right path to
329. 10:48becoming financially secure
330. 10:50robertson dana weinberg orthodox jewish
331. 10:53rebetzin and founder and dean of ayotte
332. 10:55college of jewish studies for women in
333. 10:57jerusalem
334. 10:58shares advice we can all take in there
335. 11:00are no problems
336. 11:02only opportunities for growth
337. 11:05well alexers what lessons can you take
338. 11:08away from today's video
339. 11:09share your thoughts with us in the
340. 11:10comments below and for sticking with us
341. 11:13until the end here's your bonus
342. 11:15there is a long history of why jewish
343. 11:17people and money
344. 11:18have been portrayed the way they have
345. 11:20been some believe there are secret
346. 11:22jewish societies
347. 11:23running the world behind the scenes
348. 11:25controlling all the money
349. 11:26and elixers it's up to us to stop
350. 11:29fueling these stereotypes
351. 11:31we need to speak openly about our
352. 11:32differences privileges and historical
353. 11:35legacy
354. 11:36we need to educate ourselves and
355. 11:37acknowledge the journey that jewish
356. 11:39people have undertaken
357. 11:41until next time alexers remember to
358. 11:43click subscribe for more
359. 11:44thought-provoking videos every day and
360. 11:46hit us with a thumbs up if you enjoyed
361. 11:48this one
362. 12:02you