Episode 9: How to Bank Your First 100K

[@judahtyreman7806]

Good video, I'm 18 and the Curator of the Sesula Mineral and Gem Museum in Radisson Canada. As a Jew, I was taught tithing from birth. It works. At 11 years of age, I opened my museum. I have accrued about $350,000 in business and rentals, and a business book for kids that hit #1 on Amazon. I have been on many national TV and radio programs, International magazines, recieved awards, and more. None of this would have been anywhere near this level without the blessings of Creator in response to my giving. Thank you for your videos!

[@CapitolVisions]

Business books for kids Im in...whats the book called?

[@renyang6185]

Thank you for taking time to share the Jewish way of financial management. Practical and doable to one who is passionate to better life. God bless you more!

[@silvertrees6326]

Fast food restaurants earn in the millions and net income is beyond good. We are not all meant for the same thing. As we trust God he multiplies back to us. “Bread and butter concept is a great concept. Thank you.

[@agagqbq]

The restaurant business is extremely competitive and the margins are super tight. I know a friend who grinded from nothing to a 10+ millionaire, one of his ventures was a small scale restaurant and he was out within 2 years. Just not worth it compared to what else you could do to grow your money.

[@edwinhargrave679]

Rabbi said it right protect your capital and to save as much as you can,so thankyou rabbi for your great financial advice.

[@katharinalichtenberg8324]

Thanks for reminding me, that making money is not a bad thing. It's a proper goal that deserves attention and focus! ;-)

[@williamadams2361]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[@philimonleo6195]

@steuernmitkopf1259 When it comes to investing, what's your say to anyone with over 𝟓𝟎𝐤 $ looking for the best ways to invest it and as well make good earnings off it?

[@matthewhuo6543]

@@philimonleo6195 Good question. There's no shortcut to getting rich, but there are smart ways to go it.

[@matthewhuo6543]

@@philimonleo6195 I engage in diversifying various investments through proper planning and management of a good Investment Professional and so far have earned many returns (the amount is confidential).

[@philimonleo6195]

@@matthewhuo6543 I've always been fascinated with investing and I need to start now. Could you possibly give more information about the Investment Professional and how I can reach out?

[@alanfuller7176]

@@philimonleo6195 I think your proposal has much to comment on.

[@saschakraak]

Thank you for the message 👍 🍀 💯 🇺🇸

[@user-ww6ii6zn8m]

Great video Berel! I'm 18 and I hit my first $10k last year. $100k Here I come!

[@BerelSolomon]

Good man

[@natebenss]

Did you hit 100k?

[@anna-lenameijer9942]

I don't agree that a $ 1.50 is a bad sale. It is God who multiplies and blesses you. He can make 300 persons show up at your bakery in 10 minutes. I have seen it happen. AND it's better to buy second-hand furniture cash when you start off and then exchange 1 item every month as you find it on sale. Key: stay out of debt. Don't pay interest to the bank. Grow as you go. If you borrow $$ to buy things, you end up paying twice for every item.

[@ChukwukaStalor]

Thank you so much Ma’am for this statement, when he suggested bakery business isn’t one to go into, it hit me hard cause I own one, and that’s my only vehicle now am working towards getting on other vehicles soon.. Thanks for sharing.. 🙏

[@Neddie2k]

@@ChukwukaStalor 😮. The guy is in the US, a totally different economy to yours.

[@xxkissmeketutxx]

​@@ChukwukaStalor bakery owners can be a millionaire in my country

[@micheleguzzinati5472]

Very good video, full of new ideas and principles.There is always a lot of stuff to learn Shalom!

[@StupidIsTheNorm]

Outstanding video Berel. Watching from across the pond

[@silvertrees6326]

Stay broke. I like it!!

[@Chanelnumber7394]

Wow thank you for sharing such great advice

[@ronanbakker]

I'm going to do both Sales and IT and keep building that bridge. Thanks for the advice. The broke uncle is also a very relatable phenomenon. It's what it is. I love my family anyways. God bless you Berel for your great videos.

[@TheFoxisintheHouse]

You're awesome ❤

[@saschakraak]

You are great berel i like you👍🍀💯💎

[@VCityglobal]

I like the food business 😢😅

[@jamesstahl1908]

This guy is a genius 🎉😊

[@haveanawesomeday4059]

Would have thrown in this phrasing for "when protecting your capital": If you have the cash. Borrow cheap money and finance it. Invest your own cash with higher return.

[@kareemali1742]

So glad I stumbled across this channel, such great insight

[@fifidomalaga]

This man is a gold mine ❤, happy i found this channel

[@ravsingh1576]

Hi Berel, I have recently just come across your channel. You have some great content and really useful advice. Thanks for sharing. God bless.

[@saschakraak]

you are very clever 👍🍀💯🇺🇸

[@arshie26]

3rd video of yours I've watched on a binge. Great energy, great passion, fun to listen to...GREAT advice, subscribed! "As the business owner, you've got a lot of money coming in, but you've got a WHOLE lot of money going out too." 🤣🤣🤣I love the watch! My only point of contention: Why not invest the money you save into coaching programs that make you more money?

[@spider19728]

Wow...thanks for the solid advice! You earned my subscription, all the way from Mozambique!

[@amyaias.alagoa]

Shalom Mr Berel. How much percentage should you give the Sales?

[@ChukwukaStalor]

I feel attached cause I own a BANANA BRRAD bakery business in Nigeria and for now that’s my only vehicle.. Hmm

[@VCityglobal]

Be faithful with what you have as a good steward. In the mean time look for another vehicle that could help you grow. It could be in the food business still. I know he said restaurants have a high over head but it depends on a lot of things. Many people in the food business are doing well. God bless

[@NetanelColish]

Love it!

[@tavaresmuhammad1872]

Man, you give some great advice!

[@balluravi9689]

Good advice brother 😃 thanks for Video

[@lawrencefox563]

Total sense 😃

[@davidyager8817]

Great video and great advice.

[@rutirothstein5107]

Empowering

[@amyaias.alagoa]

Get really good @ what you do!

[@blimib9280]

@Berel I heard you say once that you teach sales men. Where can I get info on that?

[@owninthehilz]

Good stuff! 👍🏽

[@Axel.The.Conqueror]

I don't get the point of keeping the previous revneue source when launching a new business !🤔 How you're supposed to manage the business and find the time for it when you work from 9 to 5 ?

[@jamesofla9697]

I’m assuming he means when starting a new business, it should be part time until you can grow it where you don’t need your full time(9 to 5) job.

[@andrecummings818]

I want to bank 100k as a down payment for a commercial property (apartments)

[@lamonthamilton667]

THAT'S one of top 5 Income streams known,But go for it...

[@rashardstallworth9240]

🔥

[@kebman]

Not even stocks n bonds?

[@amyaias.alagoa]

🎯

[@leojohn6702]

2 years of living? Loool. Things are so expensive in usa. In europe thats like 10 years if you get food and bills only. I guess

[@fredabazo336]

bravo

[@JESUS_Is_KING573]

Cool video. I made my first 100k last year. I lived by rule 5 and 7 every day. Was hard but the pay off was worth it. I'm up close to 200k soon. I even talked with my brother last week and told him I'm looking for that 1 million mark now.

[@b2dary890]

What vehicle did you use to aquire the almost 200k, if you don't mind me asking

[@ZareenDevraj-mu3eo]

BEREL! COME OFF IT!

[@fijianz1]

What businesses ?

[@saschakraak]

A good patek philippe watch coast 9 mio 💯💎👍💎😯

[@JonathanSebastian407]

God bless

[@NetanelColish]

ty

[@christislove9844]

Thanks bro

[@HapsoroRenaldy]

lol the broke uncle.

[@paulroberts8071]

" When I resigned from my father's company "

[@maxpotter2323]

I literally shut off the video when I heard that lol.

[@Linguist95]

I agree with everything except the last point, DO NOT finance ANYTHING. It is haram for a reason, and a good way to stay broke and in debt. You do not NEED $5000 worth of furniture if you cannot afford it. If you cannot pay cash for it without hurting yourself, buy cheap used furniture until you can. I lived without a proper bed and other furniture for years.

[@nas6123]

❤

[@danieljamesbray]

Shoot for stars hit the moon

[@Xdiary628Randomnessss]

Why does your hashtag say stay broke. We are what we read and what we think right......

[@saschakraak]

Judaism is great 👍 💯 🍀 ✌🏼

[@gerricamus2718]

He means live below your means until you reach your financial goals.

[@khanbuilders]

Running after Money? Enjoy your life Maximum

[@GreatPrince-d7v]

Most importantly give your tithe regularly Baruch hashem

[@joymahiko]

Don't get married, or, Don't tell your wife what you make- keep it a secret and AVOID JOINT BANK ACCOUNTS.

[@Drew-ob4ii]

😂 this so true they will spend you to oblivion

[@lukang72]

When u explained cash flow to your wife, how did she respond? 😁

[@CDGMR1]

Did your wife put those flowers there? 😀

[@johmnierodriguez4581]

en español shalom

[@dantecalderon6410]

👨‍🍳

[@dantecalderon6410]

😆

[@vica001]

Don't like the very condescending bakery comments, very condescending view to other business a part from "sales" 👎

[@Neosax69]

Toda Raba! Great Video!