Wanna Build Wealth? Avoid These Money Mistakes (Feat. Naftali Horowitz) | KOSHER MONEY Episode 2

What’s said in this shiur

The opening of this shiur, in Living Lchaim’s own words — taken from the captions, so names and Hebrew terms may be approximate.

do you want to be successful who doesn't our next guest is someone who knows success has seen it lives and breathes it in terms of who he speaks to every day Reb Naftali Horowitz when you hear JP Morgan Chase you don't usually think Frum Jew (orthodox Jew) climbing up the ranks but that's what he is doing he's advising very successful people on the best ways to invest their money save their money ensure their money goes to the next generation and i had a very enlightening conversation with him here in episode two i think you'll like it the one the only Reb Naftali Horowitz managing director at jp morgan chase and for the past 25 years Reb Naftali has been guiding and managing investments for high net worth individuals by the way what is a high net worth individual what's the uh depends who you are for some people it's somebody with a hundred thousand dollars that would be considered high net worth for somebody who's starting out of the business perhaps right um but generally it's people with many millions and they're approaching you and have and and what's the initial conversation what does that look like the newest conversation is generally i heard about you from so and so or my accountant suggested i give you a call i need help making sense of my financial situation that's generally how it starts and who do you turn to when you need guidance on your own you have a money guy money manager i am my money manager you are your man and would you recommend that to people being their own uh money manager somebody's willing to do the work and overcome the biases that we each have towards

Jump to a moment

1. 0:00do you want to be successful who doesn't our next guest is someone who knows success…
2. 6:06groceries locally and take a car service or oh my god a city bus God forbid…
3. 11:37your future today you are spending money that you do not have if a person lives…
4. 18:16generally speaking when a husband and wife don't see eye to eye there has to be…
5. 23:43they're davening (praying) in the same shul (synagogue_ they live on the same block which creates…
6. 29:45very quickly if you had 25 and 50 or even 100 000 account anyone that's good…
7. 35:20and it's really hard to focus on two things is that what you see with your…
8. 40:54yeah when the Madoff scandal hit Chasdei Hashem (praise God) i didn't have a single client…
9. 47:00what they do or they don't do and success is up to them they don't look…
10. 52:23okay if you can't afford my book and you're going to borrow money call me call…

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