The Money Lie You Believe

Kosher Money

Living Lchaim

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

5 • 781 Ratings

🗓️ 25 February 2025

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Money promises security, freedom, and even happiness—but what if that’s the biggest illusion of all?In this episode of Kosher Money, we sit down with Dr. Shloime Zimmerman, a world-renowned expert in human behavior, to uncover the hidden psychological traps of wealth. From billionaires who can’t stop chasing more to everyday earners feeling like they’ll never have enough, Dr. Zimmerman reveals why money alone will never bring lasting fulfillment.💡 Why do even the ultra-wealthy feel empty?💰 How much money does it actually take to be happy?🧠 What psychological traps keep people stuck on the ‘hedonic treadmill’?📉 Why do high achievers often feel less secure as they make more?Through years of working with top earners, struggling families, and everyone in between, Dr. Zimmerman breaks down the illusions, anxieties, and unspoken realities of wealth—and how to break free from the endless chase.▶️ Watch now and rethink everything you thought you knew about money.To contact Dr. Zimmerman, you can email [email protected], visit https://caapsgroup.com/ or call 718-338-4477. To purchase his best-selling book 'From Boys to Men' - https://amzn.to/3XhM0FqTo listen to Podcast Therapy, visit https://www.livinglchaim.com/podcasttherapy✬ SPONSORS OF EPISODE 88 ✬ ► BITBEAN: Do you have an ambitious company? BitBean builds custom software and provides software solution consulting. (They do tremendous work.) See case studies, learn more and get in touch here: https://bitbean.link/4edg53► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get a free account here: https://thedonorsfund.org/koshermoney ► TWILLORY: Get $18 OFF your first purchase of comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney ► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation!✬ Donate Tax-Deductible and Inspire Millions: Your gift of any size enables Living Lchaim to share uplifting & educational content! » https://www.livinglchaim.com/donate Follow Kosher Money for Bonus Shorts: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Follow Living Lchaim for More Goodies: TikTok - https://www.tiktok.com/@livinglchaim Instagram - https://www.instagram.com/livinglchaim/ Facebook - https://www.facebook.com/livinglchaim LinkedIn - https://www.linkedin.com/company/living-lchaim Free Call-In-To-Listen Hotline: USA: 605-477-2100 UK: 0333-366-0154 ISRAEL: 079-579-5088 Living Smarter Jewish is a fantastic financial resource. Get guidance at https://livingsmarterjewish.org/contact and check out the new school curriculum here: https://livingsmarterjewish.org/schools WhatsApp feedback to 1-914-222-5513 All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or personal advice.#MoneyMindset #PsychologyOfMoney #WealthTrap #LivingLchaim #KosherMoney #KosherMoneyPod #JewishWisdom #HappinessAndMoney #MentalHealth #SuccessMindset #BillionaireSecrets #FinancialFreedom #MoneyLessons #JewishLife

Transcript

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0:00.0	The pursuit of happiness via wealth is just the treadmill keeps going and keeps going and it grows
0:06.1	exponentially. So you think $500,000 a year will do it, then a million. Then it's $5 million, $10 million, $50 million, $100 million, a
0:12.2	billion. And it never ends. And you keep going for it. And you're always wondering, is it just one
0:18.5	more deal away? Is it another house away? Is it that vacation?
0:22.7	And it's always elusive. And yet there is no place where you could say, hey, I need help. I have too much money.
0:30.6	I'm struggling. I'm a money addict. There's no 12-step program for that. We have 12-step programs for almost everything.
0:36.8	But this is one of the few things where, oh, you poor thing, oh, you have too much money. You're spending too much time at work,
0:42.3	making millions. What if everything you thought about money was wrong? We tell ourselves that just a
0:47.7	little more will solve our problems. But what if that's the biggest delusion of all? Today, we sit
0:53.4	down with Dr. Schlemy Zimmerman, one of the most sought-after minds in human
0:57.0	behavior, to unpack the hidden psychological traps of wealth, from billionaires chasing
1:02.1	an impossible finish line to everyday earners feeling like they never have enough.
1:06.7	This conversation will change everything you think about success.
1:10.3	Dr. Zimmerman has spent years
1:12.1	inside the minds of the ultra wealthy, the financially struggling and everyone in between.
1:17.6	His insights are fascinating, unexpected, and honestly might just change the way you think.
1:24.4	Let's get into it. Being a Jew, awesome. Managing personal finances,
1:31.1	not so awesome. Welcome to kosher money. Dr. Zimmerman, let me ask you, is money the solution
1:39.2	to most problems? Money is like marriage. It very much helps not being married, but it doesn't actually help with any other problems. So there are many, many problems that people have for lack of money, right? They have lack of access to care, child care. They have trouble paying their bills. They might have a lot of stressors. But anything beyond that, money doesn't really solve.
2:02.1	Yet so many of us are under the illusion.
2:05.0	Come on, everybody says that.
2:06.4	But if I only had some of their money, I would be fine.
	...

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