Don't Make These Mistakes | Brutally Honest Money Advice from One of the World's Wealthiest Jews

If you started from $0 today and wanted to get wealthy, what would you do? What money mistakes prevent people from making money? What is a smart approach to investing? What should you do if three people approach you in a dark alley? Who's gonna win the presidency in 2024? Meet Dr. Rich Roberts, an entrepreneur and philanthropist from Lakewood, NJ who sold his pharmaceutical business in 2012 for $800 million. We asked him those questions and more at a sit-down in his home. You can find Dr. Rich Roberts' YouTube channel here: https://www.youtube.com/@DrRichardRoberts ✬ SPONSORS OF EPISODE 70 ✬ ► TWILLORY: Stock up on polos, button-downs, blazers, pants and more by Friday, March 29th, 2024 with code Pesach18 ($18 off $250+) or Pesach36 ($36 off $350+). If it's after that date, get $18 OFF your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI (which means 18 in Hebrew) at https://Twillory.com/KosherMoney ► THE DONOR'S FUND: More and more people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen or more additional perks. Legit. Get your account here: https://thedonorsfund.org/koshermoney ► COLEL CHABAD: Please help Israel as the country and its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! They're counting on us. ✬ Donate and Inspire Millions (Tax-Deductible) ✬ Your generous donation enables us at Living Lchaim to share uplifting messages globally, enrich lives, and foster positive change worldwide! Thank you! 🙏 ➡️ https://www.livinglchaim.com/donate __________________________________ CHAPTERS: 0:00 Introduction 1:21 Meet Mr. Rich 1:52 #1 Mistake: Working With Unregulated Resources 3:46 #1 Advice: Diversify Your Investments 6:15 Invest with Caution 7:59 Choosing Index Funds 14:49 Managing Investments 18:24 Twillory - Sponsor 20:28 Starting Out in Finance 22:06 Starting Your Own Business 24:43 Capitalizing on AI 26:10 The Future of Technology 32:20 The Donors fund 34:24 Levels of Wealth 37:50 Maintaining Wealth 43:00 Motivations for Advancing Wealth Levels 46:12 The Negative Effects of Power 50:49 Managing and Balancing Charitable Contributions 56:14 Colel Chabad - Sponsor 58:44 Self-Defense 1:03:41 Protect Your Health 1:05:11 What To Do in a Dangerous Situation 1:07:03 Better Than Books 1:09:38 2024 Election Predictions 1:13:34 Thank You, Mr. Rich 1:13:45 Outro Follow Kosher Money on Social Media for Bonus Shorts: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Follow Living Lchaim for More Goodies: TikTok - https://www.tiktok.com/@livinglchaim Instagram - https://www.instagram.com/livinglchaim/ Facebook - https://www.facebook.com/livinglchaim LinkedIn - https://www.linkedin.com/company/living-lchaim ____________________________________ Free Call-In-To-Listen Hotline: USA: (605) 477-2100 UK: 0333-366-0154 ISRAEL: 079-579-5088 Need financial guidance? Get help from our friends at https://LivingSmarterJewish.org/ WhatsApp us at 1-914-222-5513 - we love feedback, legit! Subscribe to our YouTube channel for more great content! :) Oh, and all investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes, ads and videos should be construed as investment or actual life advice. #KosherMoney #KosherMoneyPod #Money #JewishMoney #LakewoodNJ [If you listened to the end of the outro, here's my new favorite song from the Thank You Hashem team » https://youtu.be/mACVOoUCkXM]