When talking about money and wealth, there is a bizarre question that is always lingering out there that asks “Why Are Jews So Rich?”
Well, first, that’s a generalization. The truth is NOT all Jews are rich. But it is also true, that per capita, people who follow Judaism as their faith tend to have more wealth than others. And in the corridors of power, clearly, Jews occupy a huge majority of the seats at the table. But why?
Well, first some use crazy tropes like they are cheap and so they hoard all their money. But that is a lazy explanation. The real truth is a bit more serious and deeper.
In fact, throughout history, various cultures and societies have developed unique approaches to money management and wealth building. One such culture that has left an indelible mark on the realm of financial wisdom is the ancient Jewish community.
Several major banks were started following the mid-19th century by Jews, including Goldman Sachs (founded by Samuel Sachs and Marcus Goldman), Kuhn Loeb (Solomon Loeb and Jacob H. Schiff), Lehman Brothers (Henry Lehman), Salomon Brothers, and Bache & Co. (founded by Jules Bache).
The Jewish people have a rich history of entrepreneurship, financial acumen, and a deep understanding of money matters. In this article, I will delve into some of the intriguing wealth-building secrets that can be gleaned from their historical practices.
1. Education and Learning: The Foundation of Prosperity
Education has always been held in high regard within Jewish communities. This emphasis on learning has played a crucial role in the financial success of many Jewish individuals. From a young age, Jewish children were encouraged to pursue knowledge, not just for intellectual growth, but also for practical purposes. This emphasis on education allowed for the development of specialized skills that could be translated into profitable ventures.
2. Strong Ethical Values: Honesty and Integrity?
A central tenet of Jewish culture is a strong commitment to ethical behavior and honesty in all dealings; usually within their own community. This moral foundation is an essential element of wealth building. By adhering to a strict code of community ethics, individuals build trust with business partners and clients, fostering long-lasting relationships that are vital in any successful enterprise.
3. Entrepreneurial Spirit: Identifying Opportunities
Historically, Jews were often marginalized and excluded from certain professions, leading them to turn towards entrepreneurship as a means of economic survival. This forced self-reliance cultivated a keen eye for identifying opportunities and gaps in the market. This entrepreneurial spirit, combined with their education and skills, allowed them to build successful businesses in various sectors.
4. Emphasis on Community Support: Collective Prosperity
Jewish communities have always placed a strong emphasis on supporting one another. We see this in the very public industry of Hollywood whereby they do one another favors simply because they are Jewish. It’s a tribal thing and while it upsets many, it also works. Successful Jews in Hollywood is NOT a myth, it’s a fact backed by over 100 years in the industry.
Considering the very low Jewish population worldwide as a percentage of humanity, It’s truly incredible how many Jews sit in the corridors of Hollywood power influencing the world and growing their wealth beyond any imagination!
This practice of communal support is not only a testament to their unity but also contributes to collective prosperity. The concept of “Tzedakah,” which translates to charity or righteous giving, has been a cornerstone of Jewish philanthropy. This principle reminds individuals of their responsibility to help those less fortunate, fostering a sense of social responsibility while also creating a network of support that can aid in times of need.
In today’s world, leaders are still playing the money game started by The Rothschild family, a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812)
5. Financial Prudence: Living Within Means
The practice of “Tzniut,” which translates to modesty or humility, extends to financial matters as well. Jewish teachings often encourage individuals to live within their means and avoid extravagance. This approach to money management fosters financial stability and prevents the accumulation of unnecessary debt.
6. Long-Term Perspective: Building a Legacy
Jewish culture places great value on the concept of generational continuity. This long-term perspective extends to financial planning as well. Many Jewish families prioritize saving and investing for the future, ensuring that their wealth can be passed down to subsequent generations. This emphasis on legacy-building encourages careful financial planning and the creation of a lasting financial foundation.
7. Adaptability and Resilience: Navigating Challenges
The history of the Jewish people is marked by various challenges and periods of adversity. These experiences have fostered adaptability and resilience, which are invaluable traits in the world of wealth building. The ability to navigate through challenging times, make strategic adjustments, and maintain a positive outlook is essential for sustained financial success.
In conclusion, the ancient Jewish community offers a wealth of valuable insights into money management and wealth building.
Their focus on education, ethical values, entrepreneurialism, community support, financial prudence, long-term perspective, adaptability, and resilience collectively provide a blueprint for achieving financial prosperity.
By drawing inspiration from these time-honored principles, individuals today can incorporate these lessons into their financial strategies and pursue their paths to success.
When you see it, give it a try and see what it does. And then watch as the magic happens. I have tried it and have never seen ANYTHING like it before. It’s not about pumping yourself up or shouting like a hippie. It’s bizarre….and it’s being used for nefarious gain by amoral powerful people who have an evil contemptuous view of humanity.
But I say can’t we use this powerful stuff for good?
Seems to me that we can use it for positive good instead of a nefarious evil agenda that seeks to oppress humanity. So let’s turn this thing on its head and around. Then use it to a positive advantage! Why not?
Charles Bivona Jr., aka Coach JP Money, is a business strategist, financial coach, and founder of CoachJPmoney.com. A lifelong entrepreneur, he launched his first real estate deal at 17 and went debt-free by 1998. Since then, he has built national media brands, advised small businesses, and helped clients grow online using smart strategy, digital tools, and creative grit.
An expat living in Baja, Mexico, Charles also writes and produces music as Johnny Punish and lives off-grid at Hacienda Eco-Domes, a sustainable retreat he built with his wife. Through providing small business services, coaching, writing, and podcasting, he’s on a mission to help others win their future—on their terms.
Read his full bio at PunishStudios.com >>>
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