Rabbi Makes $7 Million Overnight, Loses It All in Life-Changing Moment (with Rabbi Benjamin Blech)

Kosher Money

Living Lchaim

Frum, Eli Langer, Management, Jew, Judaism, Religion & Spirituality, Business, Finances, Orthodox, Jewish, Careers

5 • 781 Ratings

🗓️ 14 August 2022

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

Picture this: you’ve been a Rabbi at a Long Island synagogue for over 37 years and it’s time to retire. You don’t have much money to retire on - just $50,000, but it’s enough.

You’ve never really invested money before, though in a relatively short amount of time, you turn that $50,000 into…$7 million.

What would you do with the cash? How would your life change?

What if you then lost it all in a flash? Which emotions would you feel on this financial roller-coaster? Would you come out of it in one piece? Would you come out of it a better person?

Join Rabbi Benjamin Blech for the ride of your life in our newest Kosher Money episode.

📚 Buy Rabbi Blech’s Books Digitally ⬇️

• Taking Stock - A Spiritual Guide to Rising Above Life’s Ups and Downs

https://rabbibenjaminblech.gumroad.com/l/taking-stock

• If God is Good, Why is the World So Bad?

https://rabbibenjaminblech.gumroad.com/l/if-god-is-good

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Transcript

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0:00.0	Buckle up. This is one of our most fascinating episodes. We were privileged to have Rabbi Benjamin
0:06.8	Blech, who was a rabbi for 37 years in Oceanside, New York. When he retired at the age of 60,
0:15.8	he went into his basement, made a few calls to his stockbroker, and within a short amount of time, he generated
0:24.2	$7 million.
0:27.6	It's an incredible story.
0:30.4	Listen to Rabbi Blech, hear what happened to the $7 million, and hear the lessons he
0:35.8	learned along the way. Without further ado,
0:39.8	I give you the great Rabbi Benjamin Blech. Being a Jew, awesome. Managing personal finances,
0:49.1	not so awesome. Welcome to Kosher Money. An exciting episode here at Kosher Money.
0:56.0	I think this is going to be one of our more fascinating episodes.
1:01.0	People have an interest in story-based episodes, and we'd love to hear your story, Rabbi Blach.
1:09.0	Well, my story has a number of parts to it, but let me tell you that it is rather unusual
1:17.4	for a rabbi such as myself who has written 23 books to have one of the most popular ones
1:24.0	about money in the stock market. Now, one of the dreams of a rabbi is to make it to New York Times be covered and have his books
1:33.3	gain some publicity from New York Times.
1:39.3	Lo and behold, of all the books that I've written that I felt were extremely important in religious terms,
1:48.6	the one that made it to the front page of the business section of the New York Times,
1:56.7	Sunday Times, was the book that I wrote on the stock market.
2:01.1	And that was both fascinating and rewarding and also very unnerving
2:08.6	because it came with a story and a story that in fact gave me a great deal of pain,
2:19.1	but subsequently allowed me to come to an understanding of money
2:25.8	that I had never had before from the perspective of Torah,
	...

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