Kosher Money

Living Lchaim

Living the life of an Orthodox Jew in the 21st Century often necessitates a very significant income. Unfortunately, many are struggling to keep up.

The Problem Is Bigger Than We Realize

The cost of life for an Orthodox family with children can range from $150,000 to $350,000 or more, depending on city and schools of choice, lifestyle choices and number of children.

The median income in America is $68,000 per family.

This means that a family would potentially need to be in the top 5% of all income earners in the United States simply to get by!

The Solution

Solving this challenge begins with an open dialogue to create awareness and education and allowing for impactful feedback and interaction.

Kosher Money aims to be a pivotal piece in creating this much-needed conversation.

Eli Langer was the former CNBC Social Media Producer and is currently the CEO of Harvesting Media. Each week, Eli sits down with experts to discuss various topics.

This is an original podcast by Living Lchaim and its partnered-sponsor is Living Smarter Jewish.

Hosted on Acast. See acast.com/privacy for more information.

Categories: Religion & Spirituality

Listen to the last episode:

How can the Jewish community live with wealth without the addiction of consumption jeopardizing our mental health?

Meet Dr. Debra Alper who wrote a fantastic article on the topic here: https://18forty.org/articles/affluence-money-mental-health/

We had an enlightening conversation with Dr. Alper, a seasoned clinical psychologist, who dives deep into the complex relationship between financial stress and mental health.

She sheds light on how societal pressures and personal financial management can significantly impact our psychological well-being. She offers practical advice for families on educating young adults about finances without instilling fear.

She explores the concept of self-worth beyond financial success, providing valuable insights into living a more fulfilled and balanced life.

Whether you're dealing with financial anxiety or looking to understand the broader societal impacts of wealth, this discussion is a must-watch!

Contact: dalper@kadimapsyc.com and https://www.kadimapsyc.com/

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CHAPTERS:

0:00 Intro

1:02 Meet Dr. Alper

1:47 Finance and Mental Health

3:49 Finance Education for Children

7:38 Financial Rat Race

10:38 Communal Effect on Finances

13:44 Colel Chabad

14:55 Financial Transparency

17:22 Shame and Finance

19:25 Reasons for Overspending

20:50 Social Comparisons

23:10 Social Standards

27:46 Twillory

28:48 Self Worth & Net Worth

30:27 Writing 18Forty Article

31:37 Tech, Social Media, Finance, & Mental Health

36:12 Tech Education for Children

39:04 The Donors Fund

41:08 Spendings and Values

46:07 The Field of Psychology

50:21 Attitude Towards Money Over Time

52:41 Thank You, Dr. Alper

52:54 Outro

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Free Call-In-To-Listen Hotline:

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All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or actual life advice.

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