The 10 Secrets to Making Money Like a Jew
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In today’s video, we’re going to delve into the secrets of success of the Jewish people and the 10 financial strategies that help them create opportunities and prosperity. You’ve probably heard a lot about the exceptional financial acumen of this community. They are not only excellent financiers but also extremely confident individuals, always focusing on smart investments and continuously growing their assets. Let’s explore the secrets behind the financial prowess of the Jewish people in today’s video!
The first secret isn’t about saving money but about earning it. Jewish people not only see saving money as necessary but also understand that being too frugal can be harmful. Earning money isn’t just about circulating currency but also about stimulating societal production.
Wealthy Jewish individuals often enjoy dining at upscale restaurants and prefer expensive dishes. They believe that stinginess and miserliness are signs of poverty. However, in business, they know how to balance and save costs, only spending lavishly once they’re sure of success.
An interesting story is when a foreign girl charmed a wealthy old man. Due to language barriers, she drew a bed on a piece of paper and invited him to it. He was delighted and admired her cleverness. From their first encounter, she knew he was the owner of a household wood manufacturing workshop, a Jewish entrepreneur from the Pale of Settlement who built a great career.
Before his passing, he awarded 1,000 gold coins to whoever answered the question: “What does a poor person need most?” The correct answer wasn’t money but the desire to earn money. This was his and many other wealthy people’s secret to success.
100% Effective and Quick Way to Make Passive Money
The second secret of the Jewish community that many admire is not letting money sleep in banks. This seems simple but is incredibly effective. They don’t let money lie idle in accounts; instead, they use it for investment, business, or find ways to keep their money active and profitable.
Jewish people understand that bank interest often can’t compare to asset appreciation. They know that asset values often increase faster than bank interest rates. Therefore, they choose to invest their money in business projects to earn larger profits. Nowadays, they often prefer investing in businesses. Although they sometimes deposit money in banks, it’s only for safekeeping and security.
Jewish people suggest that if you want to make money, you need to focus on the following three points:
- Analyze the market meticulously: They know how to invest in areas with the highest profit potential. With clever calculation, each investment can yield up to 10% profit. By smartly reinvesting, they can achieve up to 100% profit annually.
- Optimize capital turnover: They understand that investment capital is never enough. Therefore, they always look for ways to turn over capital as quickly as possible. This is the most efficient way to increase profits.
- Carefully manage risks: They strictly adhere to business principles. They require their partners to have bank guarantees or collateral assets. This helps them minimize risks and avoid being deceived. They never overlook safety principles just to increase profits.
The third secret: The principle of “Not eating one’s seed corn.” Jewish people always believe that while it’s okay to borrow seed corn from others, one should never eat their own seed corn. They understand that to succeed in business, the most important thing is to know how to make money reproduce. Money isn’t just a means of exchange; it’s also a seed they sow to harvest more money. Therefore, they always conduct business cautiously, avoiding wasteful spending and abstaining from investing in meaningless projects. The core spirit of the “Not eating one’s seed corn” principle is to preserve capital and develop it into a larger sum.
In 1860, when Pennsylvania discovered oil, there was a surge of strong investment from investors. Oil wells sprang up everywhere, and crude oil production increased significantly. However, John D. Rockefeller, a visionary entrepreneur, didn’t follow the common trend. He meticulously researched the market and realized that increasing oil production would decrease crude oil prices. With courage, he decided to invest in the oil refining industry and made huge profits. Thanks to this right decision, he became one of the most famous and admired billionaires in the world.
The fourth secret: Intelligence is gold. In the arena of the marketplace full of thorns, where money flows abundantly, one must possess sharp business acumen, avoiding blind risks. They, the talented Jewish investors, build wealth through their extraordinary intelligence and courage.
Old man David, a wealthy Jewish merchant, lay on his sickbed, exhausted from a severe illness. His only son, Isaac, was wandering in a foreign land, unaware of his father’s condition. David’s anxiety wasn’t just about the illness but also about his legacy. He knew that if he left all his wealth to Isaac, Aaron, his cunning aide, would try to seize it. David, with the sharp intellect of an experienced businessman, devised a plan. He wrote a will, leaving all his assets to Aaron, but with one condition: Isaac would be entitled to choose one item from the inheritance as his own. Aaron rejoiced upon hearing the news. He quickly informed Isaac, believing that the wealthy son would choose a valuable item and relinquish the entire estate to him. Isaac, inheriting his father’s intelligence, immediately understood David’s intention. When he arrived at his father’s house and read the will, Isaac smiled and said, “I’ll only choose one thing from father’s estate, and that’s Aaron.” Isaac’s words stunned Aaron. He realized he had fallen into a trap. According to Jewish law at that time, “being chosen by a servant means being the master,” Isaac, by choosing Aaron, became the owner of both Aaron and all of his property. David’s plan succeeded. He protected his legacy for his son while punishing the greedy.
Jewish people are very clever in debt collection. Benjamin, the owner of a clothing store, was troubled by a $2000 debt from Jacob, the owner of a fabric store, which had long overdue. Benjamin had demanded payment several times, but Jacob always found ways to evade. With intelligence and cunning, Benjamin came up with a plan. He wrote a letter to Jacob, stating: “Dear Mr. Jacob, I was surprised to learn that you still haven’t repaid the $3000 loan from me. Jacob, upon receiving the letter, panicked. He hastily replied, “Mr. Benjamin, I only borrowed $2000 from you, and I have all the documents to prove it.” Fear of being demanded an additional $1000 made Jacob unable to hesitate. He hurriedly paid the $2000 debt to Benjamin to avoid misunderstanding. Benjamin’s plan succeeded. He collected the debt quickly and cleverly, without resorting to harsh measures.
Abraham, a Jewish merchant, arrived in a new town for trading. Carrying a considerable amount of gold, Abraham was worried because there was no bank in the town yet. He decided to bury the money under a secret deep hole. But after just one night, the gold disappeared. Abraham calmly thought. Remembering a house with a window facing directly to where he buried the money, he went to see the homeowner, Isaac, with a worried look: “Sir, I’ve just arrived here and have two bags of gold. One bag of $500 was safely buried, but I don’t know whether to deposit or bury the remaining $800 bag.” Isaac, inherently greedy, quickly advised Abraham, “Don’t deposit it anywhere, no one can be trusted. Burying it in the ground is the safest!” As night fell, Abraham pretended to agree and asked to stay overnight. At midnight, Isaac stealthily dug up the $800 bag of money, replacing it with Abraham’s $500 bag. The next morning, Abraham went to where he buried the money and noticed the switch. He calmly took back his $500 bag, smiling mysteriously. Thinking he had outsmarted Abraham, Isaac was pleased to “earn” an additional $300. But he didn’t realize that Abraham had known his scheme from the start. Abraham used Isaac’s greed and intelligence to retrieve his money. The greedy one ultimately paid the price for his actions.
The fifth secret: Perseverance. Perseverance is the fifth business secret of the Jewish people. They believe that every profession requires at least three months of perseverance, known as the “three-month business test.” During these three months, regardless of difficulties or losses, one must exert full effort without giving up. To achieve great success, one needs to steadily progress, from nothing to something, from small to large.
- Ha Don, a famous Jewish merchant, applied this principle in the early 20th century. When the Sino-French War broke out, people were panicked and sold their properties at low prices. Ha Don, with perseverance and far-sightedness, predicted the recovery of Shanghai after the war. He invested all his capital in buying cheap properties and earned huge profits when property prices skyrocketed after the war.
- The Jewish barbecue shop in Manchester, Canada, is another testament to the power of perseverance. Through three generations, this shop has consistently maintained good business traditions, conducted honest business, ensured food quality, and provided attentive service. Thanks to perseverance and relentless efforts, this shop has become a famous tourist destination and attracted a large number of customers.
Perseverance is an important factor that helps Jewish people succeed in business. When others give up, they continue; when others lose heart, they remain optimistic and move forward. Thanks to their perseverance and relentless efforts, they have earned more money than others and achieved remarkable success.
The sixth secret: 1 + 1 is greater than 2. Creative thinking and innovation are the sixth business secrets of the Jewish people. They always believe that 1 + 1 is not just 2, but it can be much greater if one knows how to exploit potential.
The story of a Jewish father and son is evidence of this secret. The father taught his son that when others say 1 + 1 = 2, the son must think that 1 + 1 is greater than 2. When the son went to the United States to do business in watches, the father asked, “Now, how much does a pound of copper cost?”
The son replied, “It costs $35, sir.”
The father said that everyone in the state knows that price, but as a Jew, the son must know HOW to make a pound of copper worth $350.
And the father suggested to the son to turn a pound of copper into a door handle. From there, the business of the father and son prospered more and more. They turned it into a tool worth $350, then up to $3,500.
Many years later, that son became the Chairman of the Board of Directors of Markhouse Company.
The seventh secret: Every minute is worth $17. Valuing time is the seventh business secret of the Jewish people. They consider time more precious than money because time cannot be bought back. Money can be earned, but time cannot.
Jewish people have a very high awareness of the value of time. They always use time efficiently and avoid wasting it. They believe that every passing minute has value and can create benefits.
For example:
A Jewish person earns $200,000 per month. If divided, they earn $8,000 per day, equivalent to $17 per minute. Therefore, if someone disturbs them for 5 minutes, they consider it as losing $85.
The 8th Secret: Relationships – The Golden Key to Success.
Business is all about relationships – a seemingly simple statement yet harboring the golden secret to success in entrepreneurship. The more good relationships you have, the wider your money-making opportunities become. However, the key is to associate with outstanding individuals – the “wolves” who lead you towards success.
The story of Paul Allen and Bill Gates is a clear testament to the power of good relationships. Paul Allen, a music and astronomy enthusiast, seemingly awkward in communication, found a blonde-haired friend who constantly urged him to explore the world of computers. Thanks to the influence of this friend, Allen became proficient in computing and, alongside his friend – Bill Gates – built the mighty empire of Microsoft.
Two friends, two different paths, yet the same goal. Allen studied aerospace engineering, Gates pursued law, but they kept in touch and together nurtured the dream of computers. In the winter break of 1975, Allen stumbled upon an article about a small computer, sparking his intention to turn it into reality. He shared the idea with Gates, who immediately recognized the immense potential of the project.
They plunged into developing software using Basic language, creating a program installable in home computers called Alpha 8. Through harmonious collaboration and strategic vision, they successfully persuaded computer manufacturers to buy the program’s license for $3,000 and $30 per copy.
Three months later, a software company was established in Boston, with Bill Gates as CEO and Paul Allen as Vice President. From then on, they reaped resounding successes, turning Microsoft into a tech giant and making Bill Gates the richest man in the world.
The 9th Secret: Knowing How to Spend Money Leads to Making Money.
Following the 8th secret about the importance of relationships, the 9th secret of the Jewish people focuses on smart money usage. They believe that “knowing how to spend money leads to making money.” Jewish people don’t hesitate to spend on essential needs like ensuring health through food, buying medicine, repairing vehicles, homes, or buying books for children’s education. They understand that investing in health and knowledge is the foundation for long-term success. They also steer clear of gambling, as it not only leads to financial loss but also wastes time and effort in money-making. According to Jewish belief, gambling is a non-business act because it involves high risks and can lead to disastrous failures. Instead of betting everything, they choose sustainable business, accumulating profits gradually. They understand that business is a long-term process, requiring perseverance and effort, rather than getting rich quick. To illustrate this secret, the story of three sons of a Jewish owner is a typical example. The father gave each son a sum of gold and asked them to manage it for a year. After a year, the youngest son used the money for trading, the second son invested in manufacturing goods, and both made a lot of money. However, the eldest son buried the gold in the ground out of fear of losing it. When the father asked, he replied that he wanted to keep the money intact and return it to his father. The father, furious, scolded him as “the stupidest person in the world” because without spending money, one cannot make money. This story illustrates the importance of using money wisely. Money is not just material; it’s also a tool for profit. Knowing how to spend money in the right place at the right time will help you increase your assets and achieve success in business.
The 10th Secret: Frugality and Cherishing Every Penny – The Key to Success.
Rockefeller – From Rags to Oil Empire.
Entering the tumultuous business world, Rockefeller faced countless challenges. A glimmer of hope arose when he heard about a mysterious book revealing the secret to success. Quickly acquiring it, he eagerly opened it, only to be stunned by the simple content of two words: “Be frugal.”
Initially infuriated, Rockefeller contemplated suing the publisher for deception. But upon calm reflection, he realized the hidden truth behind that simplicity. There’s no shortcut to success other than diligence and thriftiness.
Years of Diligent Cultivation, Planting Seeds for the Future.
Living by the philosophy of frugality, Rockefeller diligently worked and saved every penny. After five years, he accumulated $800 – the initial capital to invest in the oil industry. This bold decision propelled him to become the world-renowned oil tycoon.
35 Years of Diligence, Constructing an Economic Empire.
With perseverance and thriftiness, Rockefeller spent 35 years building a mighty economic empire. He became the leader of the three largest economic conglomerates in the United States, owning assets worth over $110 billion by 1900.
Money Begets Money – The Profit-Birthing Secret of the Oil King.
Rockefeller understood the value of money. He cherished every penny, never wasting or discarding it. To him, money could generate more money, and the more one earns, the better.
A Story of Cherishing Money.
On a train journey, Rockefeller, with his humble appearance, helped a woman carry her suitcase. When she thanked him with a $1 tip, he happily accepted it. At that moment, the ship’s captain appeared, recognizing Rockefeller and expressing his respect.
The woman, upon realizing she had been assisted by the oil tycoon, was astonished and worried for giving such a small tip. However, Rockefeller gently replied, “Madam, you need not apologize. This money is earned through my labor, so I must accept it.”
8X Invest wishes you prosperity.
