12 WEALTH GENERATING LESSONS FROM THE JEWISH COMMUNITY
I have been privileged to work closely with amazing people from different cultural backgrounds. Let's discuss what we can learn from the Jewish community. This is not about a racial divide but for learning purposes. S/o Alux
1.JUDAISM & WEALTH: They believe every person must work hard to avoid poverty, they also believe in the principle of giving. They don’t believe in relying on charity to lift themselves up Or to become a burden to your community. Most grow up believing success as the only option.
2.SUPPORTIVE COMMUNITY: They believe in sharing their wealth to benefit their community. Judaic law instructs "the poor must be respected &protected." Perhaps it also comes from a long history of being marginalized, But the Jews have pride in supporting each other's businesses.
3. THE VALUE OF MONEY: in many of our households discussing finances is still taboo. Many Jewish parents use the 5 jars techniq to teach their children; separating Tithe/Giving/Savings/Investing &Spending. As kids, they learn consequences early that most of us are learning now
4. DIVERSIFICATION: they manage wealth with spiritual motivation & diversification. Their investments are widespread, not allocated as a single asset or exposed to a single risk, the way most of us just have a single job. "Don’t put all your eggs in one basket “ principle