web analytics
December 8, 2016 / 8 Kislev, 5777

Posts Tagged ‘rich’

If I Were A Rich Man

Thursday, September 8th, 2016

Place upon yourself a king…. He shall not greatly increase silver and gold for himself.” – Devarim 17:16-20

 

The Torah commands us to appoint a king to rule over the Jewish people. However, there are various warnings given to the king. He should not acquire too many horses, should not take too many wives, and should not amass too much gold and silver.

The Daas Zakainim explains each of these excesses is singled out to protect the king from a particular danger. The danger of amassing too much wealth is that it leads to arrogance.

This Daas Zakainim is difficult to understand because, as the Rambam explains, we are obligated to treat a king with great honor; it is vital for his effectiveness as a ruler. As a result, any individual, even the greatest talmid chacham or navi, who walks into the chambers of a king must bow down full face to the ground. No person is allowed to sit down in his presence. Additionally, the king himself must guard his kavod. He isn’t allowed to stand for any man in public. He isn’t allowed to use titles of honor for anyone else. If he commands a person to leave the room and that man refuses, the king has the right to have him killed.

At the same time, a king is expected to remain humble. The Torah isn’t afraid the great honor accorded to him will bring him to arrogance. He is capable of maintaining his sense of balance by understanding that honor isn’t due to him but rather his position. He is still a mortal human.

The question then becomes obvious. If the king is capable of maintaining his humility despite the extraordinary honor accorded him, why is the Torah so fearful he will become arrogant if he amasses wealth? It’s as if the Torah is saying, “Honor he can handle, but wealth? Impossible!”

Why would it be so difficult for him not to be conceited if he acquired wealth? The answer to this question is based on a deeper understanding of the human personality.

The Antidote to Honor

Honor is a difficult life test. When a person is given status and accord, it is natural for him to feel different, apart and above the rest of the human race. Power, too, is a grave test. When a person feels he can control the destiny of other people, he runs the risk of feeling self-important, significant, and mighty. However, these are situations a person can deal with.

The antidote to honor is to remember where I came from and where I am going. I must understand that today I am being given great honor, but it will pass quickly. Today they sing my praises; tomorrow they will forget my name. That is the way of the world.

Power is also something a person can learn to deal with. As I stand here now, I control the destiny of others. But do I? Do I really have power? I can’t even control whether I will be alive tomorrow or not. When I lay my head on the pillow this evening, it is not in my control to will myself alive tomorrow. When my time is up, it’ll be over, and there is nothing I can do to change that. The big, powerful, mighty me can’t even control whether I exist or not.

In that sense, honor and power are potentially dangerous, but a person can be humble despite them.

Great wealth is different. Wealth brings a person to a much more dangerous sense of himself – a sense of independence. “I am rich! I don’t need anyone! I don’t need my wife. I don’t need my children. I don’t even need Hashem! I can buy and sell the whole world!”

This seems to be the answer to the Daas Zakainim. Because this sense of independence is almost a natural outgrowth of wealth, the Torah warns a king of Israel not amass too much of it. He may be a great man, and he might be able to keep his sense of balance despite many temptations, but wealth will almost certainly lead to arrogance, and it is something even a man as great as a king in Israel will not be able to resist.

In Our World

This concept has great relevance to us. Whether we are wealthy as compared to others or not, the reality is that we enjoy great berachah living in the 21st century. We enjoy material possessions, luxuries, and opportunities that were unheard of in previous generations.

One of the great dangers of living in these times is the sense of independence. “I am young, strong, and healthy. I can forge my own way. I don’t need anyone; I can make it on my own. I am independent.”

While on one level this sense is central to being an effective human being, it is also fraught with danger. A person must remain clear-headed in his understanding of Who really is in charge here. I am not the Master of the universe, nor even the master of my destiny. I am dependent. I depend on my Creator for my daily bread, my health, my success, and my existence. With this understanding, a man can enjoy great berachah and still remain humble.

When a person is humble, the rest of his character traits naturally fall into place. But when a person is arrogant, the rest of his middos are out of balance as well. An arrogant person becomes angry easily. A humble man doesn’t. An arrogant individual doesn’t feel the pain of others, but a humble man does. The pivot point of all good middos is humility.

Just as humility is the center of a person’s character development, so too is it the cornerstone of his avodas Hashem. Any sense of arrogance is a denial of my dependence upon Hashem.

This sense of dependence upon my Creator brings a person balance and internal happiness because he is in synch with his himself. He doesn’t need to self-inflate and create illusions about his worth. Ultimately, it leads a person to success in this world and the World to Come.

Rabbi Ben Tzion Shafier

Why Frugality Won’t Make You Rich

Wednesday, June 22nd, 2016

Many people believe that frugality is the key to getting rich. Self-made multimillionaire and financial podcaster Linda P. Jones disagrees.

Listen to her interview on The Goldstein on Gelt Show to find out why being frugal isn’t enough.

Linda explains why you should follow the lead of billionaires rather than millionaires when making investment decisions.

When considering where to put your money, you need to understand what is “reasonable,” and what rate of return would be a cause for alarm over a period of ten or twenty years.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

Doug Goldstein, CFP®

British Soccer Club Owner Rents Entire Israeli Hotel for Passover

Sunday, April 13th, 2014

If you are looking for a hotel room for Passover in Mitzpeh Ramon in the Central Negev, start looking elsewhere.

Roman Abramovich, owner of Britain’s Chelsea soccer club, has booked all 111 rooms in the Beresheet Hotel in the mountain desert resort city, the London Daily Mail reported.

Abramovich reportedly will fly to Israel today (Sunday) in his private jet with Darya Zhukova and their children Aaron and Leah, and travel by limousine to the hotel.

The bill will come to approximately $450,000, not including tips. He will conduct the Passover Seder in a tent that was built for him at the Beresheet Hotel, which has a view of the Ramon Crater, the world’s largest crater created by erosion.

He can afford it. His personal wealth is estimated at  slightly more than $14 billion making him the 50th richest person in the world, according to Forbes.

The last time  Abramovich was in Israel for Passover was in 2009, when he rented out an entire floor of a hotel in Eilat.

The Daily Mail reported, “Abramovich is a frequent visitor to Israel. In the past year alone he has been to the country five times, including visits to technology incubators in Tel Aviv with a view to investing in high-tech startups and attending a fundraising event for an organization that carries out archeological excavations, which he supports financially.”

Jewish Press News Briefs

Three of Top Ten Net Worth Gainers Are Jewish

Monday, December 23rd, 2013

Jews make up three of the 10 biggest gainers in net worth in 2013, as listed by Forbes. Among the Jews are Google co-founder Larry Page, whose mother was  Jewish, who was raised without religion and who intermarried.

The biggest jump in bank accounts was that of gambling casino mogul Sheldon Adelson, whose net worth jumped $15 billion this past year to $37, making him America’s 11th richest person. Forbes noted that in day-to-day terms, Adelson earned $41 million daily, not bad for a day’s work.

The second biggest jump in “wages” was for Facebook’s Mark Zuckerberg. Facebook’s stock offering helped his net worth more than double, to $26 million.

The third Jew is Page, who came in ninth place with an increase of $9.4 million and a net worth of $30.5 billion

The remainder are non-Jews, including four members of the Walton family of the Wal-Mart company, Warren Buffet and Bill Gates.

This article has been updated to corrected the mis-identification of Amazon CEO Jeff Bezos as Jewish.

 

 

Jewish Press News Briefs

50 Richest Arabs’ Combined Wealth Is $266 Billion

Monday, December 16th, 2013

The 50 richest Arabs in the world have a combined wealth of slightly more than $266 billion, and 23 of them are from Saudi Arabia, according to Arabian Business figures quoted by the Saudi Gazette.

The oil-rich kingdom’s richest man, Prince Alwaleed Bin Talal, has a personal wealth of $12.6 billion. His bank account surged 30 percent in the past year, largely because the worth of his investment in Twitter, which doubled with the company’s recent public stock offering

The second richest Arab is hotels magnate Mohamed Al-Jaber, with a total wealth at $12.66 billion, nearly double last year’s figures.

Four of the richest Arabs live in Britain and four others are in Kuwait, and the Palestinian Authority, Lebanon and the UAE each are home to three of the richest Arabs.

Jewish Press News Briefs

Printed from: http://www.jewishpress.com/news/breaking-news/50-richest-arabs-combined-wealth-is-266-billion/2013/12/16/

Scan this QR code to visit this page online: