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:    / @drrichardroberts  

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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

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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.

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[If you listened to the end of the outro, here's my new favorite song from the Thank You Hashem team »    • Back of the Wagon | Matisyahu | Afiko...  ]