NEW YORK, Aug. 14, 2012 /PRNewswire/ -- Hasidic Rabbi and marketing and business expert Issamar Ginzberg says there are five things Jews know about money and business that a lot of people don't. You might be surprised to learn that Orthodox Jews advocate living by generosity, not greed. "It's a Talmud thing," Rabbi Ginzberg says.
- Money is a tool. Treat it like one. Like a hammer, drill, paintbrush or even frying pan, you have to learn to use it and get it to work FOR you, not against you.
- Money is not evil or good unless you make it so. It just is. You can use it, or let it use you, but it's up to you to determine which happens. See tip number one.
- Money is a means, not a goal. You can't give to charity without money, you can't feed the poor without money, and you can't even get bad politicians out of office without money to make it happen. Giving to charity works. The money and blessings come back many fold, overflowing. Call it tithing, charity, or karma according to your own faith, but it is a fact of how money works. Being generous begets generosity.
- Invest in thirds. The Talmud says, "A person should divide his money into thirds: a third in hard assets, a third in liquid assets, and a third in semi liquid assets." That's sound financial advice no matter what your faith.
- Only spend money on things that increase, not decrease in value. Arnold Schwarzenegger was homeless by design early in his life. He made and used his money to buy real estate investment properties, keeping his end goal in mind. It's not "keeping up with the Joneses" or adopting ostentation that makes a person money. It's planning. Living within or beneath your means personally and business wise is how business owners get rich.
"It takes guts to keep my old world looks and to walk around and do business in a modern city with people of all kinds, from all faiths," Rabbi Issamar Ginzberg says. "But being religious helps me do that in a big way, because I want to live in the bigger world and yet stay true to my faith, traditions and culture. The technology changes, but in my old world looks and ways, I'm proof that business principles and practices stay the same." The Rabbi, who lives in Jerusalem, will be in New York City August 14-26, 2012 and teaching a business seminar in Boro Park from 6 p.m. to 11 p.m. For more details: http://www.issamar.com/seminars-for-unzere/.
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SOURCE Rabbi Issamar Ginzberg