BC SOCIETY
Saved by @CodyyyGardner

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
5. STUDYING PATTERNS: History repeats itself, the Jews are well aware & take advantage of this. All these circumstances now are not new, Jews study &understand that market patterns repeat themselves so that they can take action. They look at the past to plan the future
6. INTERESTS: In the middle ages, Christian laws prevented lending for profit, but the Jews became prominent in money lending bcoz they shared a different view. Lending to Christians, Emperors. Rescuing national banks. Brokering for kings. AND you know the POWER of DEBT.
7. BUILDING THEIR OWN BANKS: As Merchants who initially weren't permitted to get into real-estate in Europe, they pushed their money lending far as establishing banks all over. Imagine, the likes of Rothschild's acted as a central bank for Europe. This led to serious hatred. 😔
8. NETWORKING: It's an ancient Jewish practice used to build their businesses, build and spread ideas, Some built their networks by lending at low rates to politically important lords and princes. Many used their connections to create family fortunes. They are stronger together
9. MOST EDUCATED GROUP: More credentials lead to a higher financial starting salary. They also believe in training children with skills while young. They train kids to be more specialized. Jews are a relatively small population but in skilled &economically profitable occupations.
10. RELIGOUS TEACHINGS ON BUSINESS PRACTICES: The Torah & many of their teachings are against dishonest practices. E.g. Deception/ Price fixing/ Cheating a customer are considered as "Ona'ah" (Oppression of their freedom). So to many the Jews are attractive business partners
11. RESILIENCE WITH PURPOSE: Despite the extreme forces against them, the Jews are known for perseverance. Amazing how they keep rising. They still choose purpose in spite of difficulties or obstacles they have been through. This is spirit groomed from home, whilst still young.
12. FINANCIAL EDUCATION taught over generations: most of our successful people die together with their riches (wisdom) leaving the families to fight for what's left or having to start from scratch. The Jews are good at passing on successful principles to the next generations.
PS: Do share your favourite point and Why.
#Disclaimer, not all Jews are rich but there is so much to learn from them.

More from Society

Noah Smith
Noah Smith
@Noahpinion
Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.


See this thing that @lymanstoneky wrote:

And see this thing that I wrote:

And see this book that @JamesFallows wrote:

And see this other thing that I wrote:
SOCIETY
Abir Ballan \U0001f60a
Abir Ballan 😊
@abirballan
I have just received information about a family that has locked up their child at home in isolation because she complained of some aches in her body. They suspected the child as having C19. She was tested and after a couple of days, the test came out negative. 1/n

The girl has already been in isolation for 4 days. Now they are waiting to do another PCR test today to check again because they fear that the first test was done too early and it didn't detect covid. So this little girl will remain in isolation for at least another 24 hrs. 2/n

This is idiocy. Insanity. Ignorance. Cruelty. Simply a crime against children.
The stupid fear and the stupid policies are driving parents to abuse their children. 3/n

Children are not the main source of C19 transmission.

"transmission of SARS-CoV-2 from children under 14 years of age was minimal in primary schools"
SOCIETY
Advertisement
Kelly Ellis
Kelly Ellis
@justkelly_ok
So, I want to talk about how sexual harassment and fair pay are linked at Google (and beyond), because I think that's an angle that isn't being highlighted enough in the coverage of these walk-outs. I'm going to frame it largely around my personal experience there. Thread.

When I was sexually harassed by the director of the area I was working in, I was afraid to report it because I was worried that "getting him in trouble" would result in the subtle retaliation of missed leadership opportunities.

I wanted to continue working on the team I was on, because I'd gained a lot of very deep knowledge and expertise in that area, as well as reputation and camaraderie with the other folks working in that area. I didn't want to make the situation more "difficult."

To get promoted at Google, several need to happen: 1. you need opportunities for ownership and leadership above your current level (basically, opportunities to show you're working at the next level you're trying to get promoted to). The work you're "assigned" has a big impact.

2. You need glowing reviews from peers, *at or particularly above the level you're hoping to get promoted to.* Basically, you need people a lot more senior than you to say you're doing awesome work.
TECH , SOCIETY
Marshall Steinbaum \U0001f525
Marshall Steinbaum 🔥...
@Econ_Marshall
My wonderful @jainfamilyinst colleagues @laura_bmw & @Edi_Nilaj have released their new report "Student Debt and Young America," which pretty comprehensively demolishes many of the myths about who does and doesn't have student debt.
https://t.co/y02KFosRQ3
Highlights to follow
/1

@laura_bmw @Edi_Nilaj First of all, look at this one chart that tells you why the student debt crisis is happening: rising debt; stagnant income, and the gap has opened widest for minority borrowers.
/2


You look at that chart and you see the total failure of the human capital model to explain labor market outcomes, insofar as it even is a falsifiable social science hypothesis.
/3

Second, while it's true that total loan balances are increasing in income, student debt has increased most over time among the lowest-income groups. This tells you that student debt is becoming a marker of the disadvantaged rather than the advantaged.
/4


Third, balances on outstanding loans are rising over time, not declining. As I said in my last report, the student debt crisis is a crisis of non-repayment. This is why it's foolish to think the student debt is ever going to be paid back, whether it's cancelled now or not.
/5
SOCIETY
BlackCalvinist
BlackCalvinist
@BlackCalvinist
LOL at the uptick in followers.

Fair Warning: I believe that Cultural American Patriotic Churchianity (CAPC for short - aka White Evangelicalism/Christian Nationalism) has caused more damage to the body of Christ and the credibility of the church than CRT ever has or will.

It's been a systemic problem since the founding of the country (indeed, before the founding of the country) and has contributed to the church being complicit in chattel slavery, Jim Crow, cointelpro, redlining and a host of other things the Bible condemns as sin.

The conflation of Christianity with Americanism since the founding of the country has left too many actual believers confusing love of country and culture with biblical Christianity (thus, in their minds, to fight against conservative political culture is also to fight against

what they think is biblical Christianity). It's part of what makes it okay to minimize the sins of men like Dabney while extolling his ability as a theologian in other areas, or minimizing it as him being 'a man of his time'. It also allows you to have an atheist speak at your

Christian conference while condemning your brother who holds different political views than you, but professes the same faith you do.

On the other side of the issue, the phrase 'black lives matter' is true because of the Imago Dei. Debate your momma about it if you disagree.
SOCIETY

You May Also Like

Egypedia
Egypedia
@Egypediax
Ancient Egypt was the most advanced civilization in the ancient world. Why was Egypt so special?

There are so many firsts in Egypt that we all know about, and that makes Egypt unique. For example, the Sumerians did not build the pyramids of Egypt.


Save as history
HISTORY
STEALTH JEFF
STEALTH JEFF
@drawandstrike
So it's now October 10, 2018 and....Rod Rosenstein is STILL not fired.

He's STILL in charge of the Mueller investigation.

He's STILL refusing to hand over the McCabe memos.

He's STILL holding up the declassification of the #SpyGate documents & their release to the public.

I love a good cover story.......

The guy had a face-to-face with El Grande Trumpo himself on Air Force One just 2 days ago. Inside just about the most secure SCIF in the world.

And Trump came out of AF1 and gave ol' Rod a big thumbs up!

And so we're right back to 'that dirty rat Rosenstein!' 2 days later.

At this point it's clear some members of Congress are either in on this and helping the cover story or they haven't got a clue and are out in the cold.

Note the conflicting stories about 'Rosenstein cancelled meeting with Congress on Oct 11!"

First, rumors surfaced of a scheduled meeting on Oct. 11 between Rosenstein & members of Congress, and Rosenstein just cancelled it.
ALL
Advertisement
Ethan \U0001f468\u200d\U0001f3a4
Ethan 👨‍🎤...
@Booligoosh
First update to https://t.co/lDdqjtKTZL since the challenge ended – Medium links!! Go add your Medium profile now 👀📝 (thanks @diannamallen for the suggestion 😁)


Just added Telegram links to https://t.co/lDdqjtKTZL too! Now you can provide a nice easy way for people to message you :)


Less than 1 hour since I started adding stuff to https://t.co/lDdqjtKTZL again, and profile pages are now responsive!!! 🥳 Check it out -> https://t.co/fVkEL4fu0L


Accounts page is now also responsive!! 📱✨


💪 I managed to make the whole site responsive in about an hour. On my roadmap I had it down as 4-5 hours!!! 🤘🤠🤘
MAKERS
Justin Kan
Justin Kan
@justinkan
1/ Throughout my startup career, I’ve seen many founders have an aversion to sales. This is a mistake that can kill your startup.

2/ Sales is often viewed as either a saving grace or proof that the product isn’t good enough (because it should sell itself). Neither are ever true. Some common mistakes that result in...

3/ Mistake 1: Hire a sales rep before reaching product/market fit to get your initial batch of customers. This is a mistake because founders need to work through their MVP with early adopters to truly understand what it is they’re selling.

4/ Mistake 2: Reach product/market fit, need to scale, and rely entirely on self-serve. For enterprise products that require big commitments and internal shifts, almost no product is self-explanatory enough to sell itself.

5/ Mistake 3: Make a first sales hire who isn’t scrappy enough to help mold the sales process from scratch. Some salespeople are amazing at their jobs, but not cut out to establish the processes that others end up following. This skillset is what @rdedatta calls a “sales ninja”.
STARTUPS
\U0001d54d\U0001d560\U0001d56a\U0001d552\U0001d558\U0001d556\U0001d563
𝕍𝕠𝕪𝕒𝕘𝕖𝕣...
@V0YAGERTWEETS
Ｇａｕ Ｍａｔａ Ｉｎ Ｖｅｄｉｃ
Ｃｕｌｔｕｒｅ

It is said that the one who bears the dust thrown from the hoof of Gaumata on his head, as if taking a bath in the water of the teerth sthalam and getting rid of all sins.


Ved and all other Hindu scriptures venerate the cow. The Vedic dictionary, Nighantu, gives amongst other synonyms of 'Gau' [ or cow] the words 'Aghnya', 'Ahi', and 'Aditi'.

Yaska the vedic decoder and commentator on Nighantu, defines these as-

Aghnya —— the one that ought not to be killed
Ahi —— the one that must not be slaughtered.
Aditi —— the one that ought not to be cut into pieces.

These three names of cow signify that this is an animal which should not to be put to tortures. These words appear frequently throughout the Veda in context of the cow.

But in due course the falsehood of killing cows spread far and wide and they became even more deep rooted when western scholars with their half baked knowledge of Sanskrit transliterated these interpretations of commentaries of Sayanacharya ,
ALL