Don't Make These Mistakes | Brutally Honest Money Advice from One of the World's Wealthiest Jews
Kosher Money
Living Lchaim
5 • 781 Ratings
🗓️ 26 March 2024
⏱️ 78 minutes
🧾️ Download transcript
Summary
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
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Transcript
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| 0:00.0 | They need to invest regularly. |
| 0:03.0 | It's called price cost averaging. |
| 0:04.6 | So they say every month, every three months, I'm going to buy $100 of this. |
| 0:10.8 | Every month, $100 of this. |
| 0:13.1 | And they don't look at it. |
| 0:15.0 | Don't look at it. |
| 0:16.0 | If it goes way down and you sell, that's when the wealthy people take your money. |
| 0:21.3 | If it goes down, you keep buying. |
| 0:23.9 | If it goes up, you keep buying. |
| 0:26.1 | And you keep putting in, you keep buying, and you don't touch it. |
| 0:29.3 | And if you look at over any 20, 30-year period, America grows. |
| 0:34.7 | We sat down with one of the world's richest Jews and asked him if he started with |
| 0:38.6 | $0 today, what would he do to get wealthy? |
| 0:42.1 | What mistakes do people make that prevents them for making money? |
| 0:46.3 | What's a smart approach to investing? |
| 0:48.5 | What would you do if three people approached you do in a dark alley? |
| 0:51.8 | Who's going to win the presidency in 2024? |
| 0:53.6 | We covered a lot with Dr. Rich Roberts, an entrepreneur and philanthropist in Lakewood, New |
| 0:59.3 | Jersey, who sold his pharmaceutical business in 2012 for $800 million. |
| 1:04.8 | We asked him a lot of questions. |
| 1:06.6 | We covered a lot of ground. |
| 1:07.9 | We had to sit down in his home. |
... |
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