Dovid Lichtenstein: A Jewish Billionaire's Advice on Money and Life
Kosher Money
Living Lchaim
4.9 • 843 Ratings
🗓️ 12 August 2025
⏱️ 79 minutes
🧾️ Download transcript
Summary
In this episode, you’ll hear how Dovid Lichtenstein went from selling encyclopedias door to door to owning billions in real estate, and why he tore up a food stamp application instead of playing it safe.
Want to build wealth and keep your soul intact? Let’s get into it.
(And yes, he actually paid off a 100 million dollar personal debt. With one check.)
Watch more of Dovid's Jewish wisdom on Off The Page's pages!
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Chapters:
00:00 Intro
01:10 Who Is Dovid Lichtenstein?
03:50 A Lesson in Valuing Money
04:48 Dovid’s Upbringing and Family Background
06:15 Life Right After Marriage
07:34 Everyone Needs to Write Their Own Story
08:13 Getting His First Job
09:22 Don’t Let Fear Rule You
11:44 Entering Real Estate
15:15 Everyone Was Brought Here for a Mission
16:04 BitBean, the AI Masters
17:18 High-Quality Clothes from Twillory
18:18 Looking Back at Life Before Work
19:37 Making Waves in the Business World
21:14 Leaning Into Fame and Fortune
24:20 You Are Not Your Money
24:54 Following the Trends of the World
25:40 Accumulating and Getting Past Credit Card Debt
26:45 The Decision to Leave Lakewood
28:20 The Power of Curiosity
31:27 Looking Back at Past Mistakes
34:03 Having the Confidence to Take Risks
38:42 Losing 100 Million Dollars
41:34 Getting Back Up After Crashing Down
42:45 Beautiful Homes for Sale in Miami Lakes, Florida
44:15 Colel Chabad Feeding Thousands of Families
45:22 The AI Revolution
46:06 Building His Company Back Up
46:50 Jumping on Different Investing Projects
48:45 Learning to Be Happy with What You Have
49:52 Realizing It’s Not All About Honor and Glory
52:06 Why Does Dovid Continue to Work?
56:01 Is AI Messianic?
56:39 Learning to Say I Don’t Know
57:42 Effort vs. G‑d Providing for You
1:01:44 Make Your Own Luck
1:03:48 Keeping His Family Grounded in Reality
1:05:55 Dovid’s Family Members’ Various Businesses
1:07:07 The Different Levels of Giving to Charity
1:10:37 Learning from Rabbi Y.Y. Jacobson
1:11:30 What Is Off the Page?
1:14:50 We Need to Be Louder and Kinder in Our Judaism
1:16:24 Outro
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- GET A WILL! ⟶ https://youtu.be/bHdpPuvKGVM
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⚠️ Reminder: This episode or description is not financial advice. Always do your own research.
Kosher Money is the bi-weekly podcast from Living Lchaim, hosted by Eli Langer.
#finance #money #financialfreedom #JewishFinance #KosherMoney #LivingLchaim #DovidLichtenstein #wisdom #torah #Forbes #podcast
Transcript
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| 0:00.0 | And she said, what are you going to do? I said, I'm going to go into real estate. She said, |
| 0:03.0 | why real estate? I said, it's the only thing where you don't need any degrees. There's no barrier level of entry. And it seems people make money. I asked my mother-in-law, does it create any like consternation or any type of conflict with you, knowing that one of your parents flew in. and what he spent on the trip back and forth is more than you make in a year. |
| 0:04.5 | There's another part of impoverment. with you knowing that one of your parents flew in and what he spent on the trip back |
| 0:21.1 | and forth is more than you make in a year. There's another part of impoverished is when |
| 0:26.2 | you're making less than your neighbor. And he said to me, David, I'm going to make sure |
| 0:31.3 | you never get alone the rest of your life in the United States of America. I have made a lot of money, thank God, right? And I've sat with some of the wealthiest people in the United States of America. I have made a lot of money, thank God, right? |
| 0:38.3 | And I've sat with some of the wealthiest people in the universe |
| 0:42.3 | and the level of unhappiness equals any other demographic. |
| 0:48.3 | Why continue working, meaning you've reached a certain level of success, why not just learn and |
| 0:56.4 | spend time with family? |
| 0:59.5 | Being a Jew, awesome. |
| 1:01.7 | Managing personal finances, not so awesome. |
| 1:05.1 | Welcome to kosher money. |
| 1:08.6 | Okay, we're here with David Lichtenstein. |
| 1:12.4 | Let's start from the beginning. |
| 1:14.0 | Where did you grow up? |
| 1:14.9 | What was life like? |
| 1:15.8 | I grew up in Borough Park and Madison, Cheapshead Bay, New York. |
| 1:23.0 | My father was an itinerant rabbi in many different cities. He was a very spiritual person, |
| 1:32.1 | as is my mother. And we grew up without any money. Itinerant rabbis don't make money. |
| 1:41.1 | But there's two parts to impoverishment. |
| 1:50.5 | There's times when you, people who are poor, they don't have food, they don't have shelter, clothing. |
... |
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