Wealth Advisor Reveals How Money Plays Tricks on Your Mind (Feat. Naftali Horowitz) | KOSHER MONEY

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  • Опубліковано 30 лис 2024

КОМЕНТАРІ • 360

  • @hoopchowder3510
    @hoopchowder3510 Рік тому +62

    I’m not Jewish but I have found sound much value in subscribing to this podcast. This is episode was especially insightful and I’m grateful for the content you guys are sharing. Thank u.

  • @drsgopi
    @drsgopi Рік тому +15

    the words of wisdom from Mr.Horowitz outshines any financial gurus out there!

  • @kevinbarr9933
    @kevinbarr9933 Рік тому +23

    Wow, Naftali Horowitz is simply the best I feel privileged to listen to his teachings and one of the best episodes ever! Thank you so very much Indeed!

  • @tavarisjones551
    @tavarisjones551 Рік тому +14

    The field of behavioral economics is fascinating. Great talk.

  • @keonhercules
    @keonhercules Рік тому +15

    I love how he gets more "Brooklyn" as the program progresses! Blessings to Naftali and thank you for sharing your wisdom!

  • @estherhersh2217
    @estherhersh2217 Рік тому +12

    I listen to all of Naftali’s video 20+ times - every time I learned something new! I’ve only found about 5 videos on UA-cam of him speaking - would love more. keep teaching!!!

  • @edumendes1965
    @edumendes1965 Рік тому +11

    Absolutely brilliant!!! I can’t get enough of his teachings!!!

  • @alex5308
    @alex5308 Рік тому +18

    Naftali is such a great teacher. I love listening to him

    • @skqq3250
      @skqq3250 Рік тому

      Yes he is a great teacher. He dispels are the myths about money decisions. I would like for Kosher money to sponsor a trip to Israel every 2 years with Shalom Tours so everyone can meet up.🎉🎉🎉❤❤❤

  • @michaelzurek6312
    @michaelzurek6312 Рік тому +18

    I know it would be probably hard and near impossible for Naftali to have a podcast channel or make more UA-cam videos due to all the work he does at JP Morgan Chase but it's always amazing to watch and hear him speak.

  • @jessicasquire
    @jessicasquire Місяць тому +99

    I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money. It's always better to work smart and not hard.

    • @Erikkurilla01
      @Erikkurilla01 Місяць тому

      That's perfectly correct, you don't have to depend on paid jobs to earn a living, explore other good and reliable ways of creating wealth no matter what most people say about diddle.

    • @BaffySchenck
      @BaffySchenck Місяць тому

      I can only speak from my experience when I advise seeking professional advice. It looks like a smart bet if you don't know where to get an experienced one, but if you don't know anything about the market.

    • @YadaniL-g8k
      @YadaniL-g8k Місяць тому

      Mind if I ask you recommend this particular professional you use their service? i need all the guidance I can get.

    • @BaffySchenck
      @BaffySchenck Місяць тому

      I have a female advisor named Julianne Iwersen Niemann . I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.

    • @YadaniL-g8k
      @YadaniL-g8k Місяць тому

      Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.

  • @aaronjennings8385
    @aaronjennings8385 Рік тому +5

    Let's assume the cost of the ball is represented by "x" in dollars.
    According to the given information, the bat is $1.00 more expensive than the ball. So, the cost of the bat would be "x + $1.00".
    Together, the bat and the ball cost $1.10. Therefore, we can set up the equation:
    x + (x + $1.00) = $1.10
    Simplifying the equation:
    2x + $1.00 = $1.10
    Subtracting $1.00 from both sides:
    2x = $0.10
    Dividing both sides by 2:
    x = $0.05
    Hence, the ball costs $0.05.

  • @MTN99999
    @MTN99999 Рік тому +11

    Shalom to you all brothers and sisters. Mr Naftali is the real deal and I can attest and relate to everything he said. I have learned to hard way but over the years my mindset about the value of money vs time completely shifted. And until you get that Ahah moment the easiest and simplest things to do are oftern the hardest things to do however all worth it at the end. Good luck to you all and God bless. Shalom

  • @abr7192
    @abr7192 Рік тому +8

    Love the presentation! Mr. Naftali is my favorite presenter on this channel. He is always very insightful and candid.

  • @nadiaMendizza
    @nadiaMendizza 8 місяців тому

    I would like to express my heartfelt gratitude to your channel and for the opportunity to listen to Naftali Horowitz for his captivating and enlightening presentation. Thank you for sharing your wisdom.

  • @ManolosJourney
    @ManolosJourney Рік тому +5

    I enjoy learning from my Jewish brothers. Very insightful.

  • @georgeleles3710
    @georgeleles3710 Рік тому +1

    This is the best speech on money that I have ever heard.

  • @andreamorris1789
    @andreamorris1789 Рік тому +9

    Love listening to naftali. This ìs one of the best talks I've heard.😊wish I was younger! Thanks Naftali. Andrea.

  • @otjuve
    @otjuve Рік тому +11

    we need more of Naftali. May Allah bless him and bless you all for sharing knowledge

  • @steele0strella
    @steele0strella Рік тому +1

    It's amazing how well Naftali Horowitz teaches Torah at the same time as teaching finance! thank you Living L'chaim❤

  • @Jiggysaw
    @Jiggysaw Рік тому +10

    GREAT video, Naftali is a legend indeed. I learned so much from this episode, thank you for all your hard work!!!

  • @gragolawncarepatrick7058
    @gragolawncarepatrick7058 Рік тому +4

    Naftali thank you for your guidance. We appreciate you greatly!

  • @abethereal
    @abethereal Рік тому +20

    This man and the teachings of the Torah have been a blessing to me. I purchased his book and it’s helped me improve many areas of my life. I can’t wait to sit down and watch the entire video.

    • @kalember37
      @kalember37 Рік тому +1

      So did I .

    • @mmp495
      @mmp495 Рік тому

      May I ask what book? I would love to read it.

    • @zakarie
      @zakarie Рік тому

      What his book ?

  • @YitzchakHorowitz
    @YitzchakHorowitz Рік тому +6

    Anchoring has a big effect on people salaries. Often when asking for a raise or changing jobs we ask for an amount based on what we are currently making instead of asking for as much as we think we can get.

  • @patrickhemmen
    @patrickhemmen Рік тому

    Impactful. Thanks for bringing Naftali Horowitz back

  • @ambition112
    @ambition112 Рік тому +117

    0:14: 🧠 The speaker realized that studying finance did not prepare them for the irrational behavior of investors and decided to learn about behavioral finance.
    6:53: 😮 Our perception can be easily biased, leading to incorrect judgments and decisions.
    14:24: 🤔 Representation bias is a common cognitive bias that influences decision-making based on what is visually represented or perceived.
    22:08: 💰 The concept of mental accounting and how people make decisions based on different scenarios involving money.
    29:26: 💰 Mental accounting affects people's decision-making when it comes to spending money and investing.
    35:59: 😳 People often make irrational decisions when it comes to money, prioritizing emotions over logic.
    42:26: 💡 Regret plays a significant role in investment decisions, causing people to avoid taking action and leading to missed opportunities.
    49:07: 📊 Anchoring effect can lead to biased decision-making based on irrelevant numbers.
    55:12: ✅ The speaker discusses cognitive biases that can affect financial decision-making.
    1:01:39: 📢 The host thanks sponsors and promotes their products, asks for feedback, and mentions upcoming episodes in Israel.
    Recap by Tammy AI

  • @andriimarchuk9649
    @andriimarchuk9649 Рік тому

    One day after video in the morning I realised that I used the similar sign of mental laziness for my interview process. I never realised there such thing exist, and it was still possible to get thru but only by people who love the work and know approaches well. This is such novel information for me. Unknown unknown. Thank you for sharing this video.

  • @sebastianw891
    @sebastianw891 Рік тому +2

    This channel, and Rabbi Naftali Horowitz, are treasures. Thank you.

  • @elbacaplan6915
    @elbacaplan6915 3 місяці тому

    Thank you for sharing your wisdom. I feel privileged to listen to his teaching.

  • @Veganisbadhunter-wx5nt
    @Veganisbadhunter-wx5nt 5 місяців тому

    Man.... this is awesome. I have thought in my head nearly all of these money mantras/beliefs. It's crazy. A mind melt.

  • @144Donn
    @144Donn Рік тому +21

    Great insight..and actually frightening how gullible the human being can be. But, knowing and being aware of our faults can help us overcome them. These ideas and concepts can be applied to many area of life. The ending about "regret" was one of the strongest messages. Fear really is the only thing to fear...and then walk through. Continued Yeshar Koach for your excellent and I mean EXCELLENT work!

    • @hackmedia7755
      @hackmedia7755 Рік тому

      very similar to a book called "how to lie with statistics"

  • @njabulompofu667
    @njabulompofu667 Рік тому +2

    Glad you brought back the video, l have been looking for it

  • @jesserosado6282
    @jesserosado6282 Рік тому +11

    You all are awesome and I always learn so much from Neftali. I appreciate you for bringing this to us

  • @421sap
    @421sap Рік тому +4

    Amen for the blessings. Thank you, Rabbi. Impactful!

  • @justovalverde2810
    @justovalverde2810 Рік тому +10

    I would like to buy the speaker’s book. Such a great speaker and common sense advisor.

  • @TomArrrrr
    @TomArrrrr Рік тому +1

    I stop and listen anytime I see his videos. Thank you

  • @clintcowan9424
    @clintcowan9424 Рік тому +3

    Impactful. Psychology of money is very important

  • @johnnymorawski6543
    @johnnymorawski6543 Рік тому +9

    Love listening to this man talk money

  • @yonaunger
    @yonaunger Рік тому +6

    Always with new strong points getting better every time. Thank you so much

  • @sajjanpaudel2820
    @sajjanpaudel2820 Рік тому +4

    I am glad I found this video.. Thanks a bunch..

  • @mt8073
    @mt8073 Рік тому +6

    Impactful! Thank you for this enlightening episode!!! Keep up the great content!

  • @durexuncensored
    @durexuncensored Рік тому +6

    success comes down how you think

  • @randomrickreviewsrrr4662
    @randomrickreviewsrrr4662 Рік тому +1

    Wait just a minute! Did I just find someone telling true facts about money on UA-cam? Good stuff.

  • @vansiam7491
    @vansiam7491 9 місяців тому

    He is the best money advisor so far

  • @pistopitpit
    @pistopitpit Рік тому +1

    Presenting something as a bargain to trick you into buying something is a very easy to spot trick. It is because it’s a well and commonly known sales technique.

  • @jmc8076
    @jmc8076 Рік тому +6

    Thank you for always sharing valuable insight on money Naftali and LL team. I watch videos and support those who can build bridges and understanding in humanity now vs further divide. Let’s respect each other’s views and beliefs. We share ~99% DNA incl with all life. Namaste 🙏

  • @davidbergamelli4773
    @davidbergamelli4773 Рік тому +2

    Thanks for everything! Wish you all the best.

  • @adinoeznite6605
    @adinoeznite6605 Рік тому +1

    Listen to naftali is always learning and Unlearning all i know about investing ❤

  • @Reggaeshark.
    @Reggaeshark. Рік тому +4

    Give thanks for this brother, as a young man he definitely helps put things into perspective for me. May YHWH bless and keep him.

  • @FilipeCardoso1
    @FilipeCardoso1 Рік тому +2

    Always good to hear Mr Horowitz. 👍

  • @skqq3250
    @skqq3250 Рік тому

    I listened to him first time on Kosher Money. I never knew his name until today. So so glad for the content. So good!😊

  • @miltonmartins8217
    @miltonmartins8217 Рік тому +1

    Very Helpfull speech by Mr. Horowtz!!!

  • @m.showers1242
    @m.showers1242 9 місяців тому

    Outstanding presentation with valuable content. I learn much and intend to watch again. Thank you!

  • @AliEbrahimian
    @AliEbrahimian Рік тому +3

    Incredibly useful speech, thanks for sharing this.

  • @Heru2088
    @Heru2088 Рік тому +2

    Thank you, For Sharing This Amazing and, Intellectually Behavioral of Financial Literacy very much impress with your Teaching Brother, Thank you Kosher Money., Blessings and, Great Health., to everyone at Kosher Money.

  • @swaucepapi
    @swaucepapi Рік тому +3

    The truth in this has offended me but also inspired a change of thought. This was good my boy!

  • @carloscanchola137
    @carloscanchola137 3 місяці тому

    Thank you Naftali your hispanic friends appreciate you

  • @Lex41127
    @Lex41127 Рік тому +3

    Regarding the Heloc check, I can see why someone would pull the money to have it liquid and pay a "low" interest rate when the bank can close the HELOC anytime.

  • @SabathaShaunXaba-vn1wy
    @SabathaShaunXaba-vn1wy Рік тому +1

    I'm not jewish and I started investing for first time because of kosher money podcast

  • @josephrodriguez5218
    @josephrodriguez5218 Рік тому +3

    Naftali Horowitz is an amazing speaker. His lecture’s truly make me think.

  • @yountune9799
    @yountune9799 Рік тому

    Thank you for sharing. Information is more impactful because it's given in a speech rather than in written form.... for most of us.

  • @el-hp1lj
    @el-hp1lj 4 місяці тому

    Im a 44 year old trucker for Costco in NJ and Ive been really focusing on building my cash reserves and spending less. When it comes to money, I am scared of it more than I have ever been, since I've built up more than I've ever had before. Fear of losing it and having to start over. I actually deal with fear in many aspects of my life that prevents me from taking any risk at all.

  • @kalember37
    @kalember37 Рік тому +2

    Outstanding , eyeopening and excelent Thank you .

  • @billerfurth5247
    @billerfurth5247 Рік тому

    I like kosher money because you offer down to earth financial education.

  • @bogbrither
    @bogbrither Рік тому +2

    A lot of the examples here are from Daniel Kahneman's Thinking Fast and Slow, in case anyone wants to go deeper into the topic.

  • @Imawarrior
    @Imawarrior Рік тому +2

    So much knowledge and wisdom from Naftali, thank you for sharing. God bless!

  • @davidnkansah6523
    @davidnkansah6523 Рік тому +3

    Impactful and insightful!

  • @Underworld-Dark-Moon
    @Underworld-Dark-Moon Рік тому +1

    Some videos deserve a 'double thumbs-up' option.

  • @mattadams3315
    @mattadams3315 Рік тому +1

    Impactful! Thanks guys

  • @christopherk3569
    @christopherk3569 Рік тому +4

    Impactful, such a great presentation, I just could not stop listening. I was shocked and my eyes are open again Thank you

  • @et8893
    @et8893 Рік тому

    I had a flooring store, when there were things that wouldn't sell, I would mark it up then put it on sale back to its original price and it would fly out the door. It always amazed me.

  • @raylopez99
    @raylopez99 Рік тому +2

    Hey I got the ball and bat one right (I skipped the second one) using algebra. But only because I figured it was a trick question. Haven't done algebra in ages. As for the video, it's old news but vital. Not sure it has practical application however, since people don't easily change their minds.

  • @alexmoss3228
    @alexmoss3228 Рік тому +1

    This is all from the book thinking fast and slow. Great book

  • @cskessler
    @cskessler Рік тому +2

    Impactful. Thanks!

  • @lunchbox6576
    @lunchbox6576 Рік тому +7

    I wish he would create a recommended reading list.

  • @jgreaders2451
    @jgreaders2451 Рік тому +2

    Thank you very much for sharing.

  • @beerandpizzalife
    @beerandpizzalife Рік тому +4

    Thank you for all your knowledge Mark

  • @ThaiNguyenWlth
    @ThaiNguyenWlth Рік тому +2

    Very great presentation, thank you so much!

  • @plato7771
    @plato7771 Рік тому +2

    Very interesting talk. Well done!

  • @maneshroy4511
    @maneshroy4511 Рік тому +2

    Impactful. Excellent content

  • @danmarsh1337
    @danmarsh1337 Рік тому

    Solid teaching. I'm sharing this. Great job!

  • @jahidmuhammad1428
    @jahidmuhammad1428 Рік тому

    Priceless wisdom and very powerful.....

  • @geffeniz
    @geffeniz 9 місяців тому

    Thank you for availing this knowledge 🇰🇪

  • @TallerdeVitrales
    @TallerdeVitrales Рік тому +1

    Impacful. Thank you very much

  • @ProfessorMgtow
    @ProfessorMgtow Рік тому +1

    This is pure gold🔥🔥🔥

  • @Kakanato
    @Kakanato Рік тому +2

    I feel as i have read one of the books of Dan Ariely. Amazing!

  • @Bestcomments1
    @Bestcomments1 Місяць тому

    I never thought I would be interested in a yeshivish guy talking about finance but this guy is amazing I like him and dr Roberts’s episode on this channel

  • @veritas3179
    @veritas3179 Рік тому +2

    Great lecture. Thank you.

  • @Deewambui
    @Deewambui 10 місяців тому

    Impactful,keep up with the good work

  • @angusseletto1511
    @angusseletto1511 Рік тому +2

    Lastly thanks Eli,youre invaluable

  • @hsoley
    @hsoley Рік тому +3

    great man, thanks for the content

  • @lumaroster-n1w
    @lumaroster-n1w Рік тому

    Enlightening. Greetings from South America!

  • @PulpFreePress
    @PulpFreePress Рік тому

    This is a great presentation! Thank you!

  • @levelupii4663
    @levelupii4663 Рік тому +2

    Impactful! 🔥🔥🔥

  • @Tealeafsong
    @Tealeafsong 10 місяців тому

    I needed this! Thank you :)

  • @kevinbarr9933
    @kevinbarr9933 Рік тому +2

    That deserved a Standing Ovation from the crowd it was so impactful!

  • @dianajaramillo1073
    @dianajaramillo1073 Рік тому +1

    Impactable !!!

  • @Hairitage2023
    @Hairitage2023 Рік тому +1

    Truly "impactful" content!!

  • @stevenupton7825
    @stevenupton7825 Рік тому +1

    the shares question i actually do this and i don t care if it goes up or down , if it goes up my existing holding goes up , if it goes down i could potentially buy them back cheaper, either way i have lowered my risk

  • @zawarshah508
    @zawarshah508 Рік тому +1

    Great insights and excellent advice 👌

  • @YH-ez7qr
    @YH-ez7qr Рік тому +2

    Truly IMPACTFUL