Why Do People Think Jews are so Successful? | Do You Want To Be A Millionaire in 2021:

Hello, friends, we hope you'll learn something by the end throughout history Jewish people have been perceived as being wealthy but where did that rhetoric stem from we know that Jewish people like all people have their wealthy middle class and their lower-income group.



01. Judaism and Wealth:


Judaism doesn't cast poverty as a sign of righteousness as other beliefs might instead they believe each person should avoid poverty and be gainfully employed to earn their own living this is a fundamental value that has led to a good work ethic and a personal responsibility for each person earning their own keep Jewish people also believe in giving they believe that 10 to 20 of wages should go toward religious and charitable causes however they don't believe in relying on charity to lift yourself up and certainly not to become a burden on the community growing up with this kind of mindset makes for a solid foundation to see success as the only option.

02. European Jews Couldn't Own Land:


If you think anti-semitism was only popularized in world war ii think again Jewish people have had a tough history including not being able to own land in Europe from as far back as the medieval times but where there's a will there's a way so Jewish people found alternative ways to build their wealth outside of property-owning one of them being merchants and traders industries to this day where they still have a big footprint in most countries this created a safety net for Jewish communities because where their services were needed they were safe.

03. Religious Opportunity Was Taken:


Christians in the middle ages charging interest was a sin this prevented them from holding any type of financial job leaving the opportunities in that field open to the Jewish community who did not see lending in the same way Jewish people became prominent in money lending businesses. The Jewish people's early success in this lucrative business was a forerunner for many of the stereotypes we hear today of Jewish people.

04. Opened The First Banks:


It was a hop and a skip from money lending to opening the first banks in Europe for the Jewish community they could manage transactions transfers and day-to-day financial services plus continue to lend money and charge interest with their strong background in finance. This was a much-needed service on a developing continent and helped to fuel further growth but it wasn't all rosy this success also led to jealousy which fueled much of the anti-semitic sentiment throughout the ages.

05. The Most Educated Religious Group:


in 2016 the pew centre released a study which listed Jewish people as the most educated religious group in the world on average the Jewish community receives 13.4 years of schooling when it comes to post-secondary degrees Jewish people hold 61 of the qualifications what's more surprising is the vast difference between first and second most educated religions Christians rank second most educated. But compared to the average of 13.4 years of schooling among Jewish people Christians only rack up an average of 9.3 years at school more credentials lead to a higher starting salary and this immediately improves the financial status of Jewish people right out of university.

06. They Look After One Another:


Perhaps it comes from a long history of being marginalized or perhaps it's just inherent nature but Jewish people have a deep pride in sharing their wealth to benefit their community this mutual aid mentality is a part of their ethos and ensures that each member of the community is supported to enable them to succeed. If someone opens a new business the community will rally around them to support it if someone else falls on hard times the community will try to help them out Judaic law instructs that poor people are to be respected and protected. This strong focus on uplifting the whole community has meant that even shunned Jewish communities have managed to survive the hardest times by investing in one another the idea of wealth is not just to accumulate wealth which is seen as vanity wealth is seen as a means to an end to growing a community it is highly frowned upon to not give generously to the social and spiritual needs of the community.

07. Their Religion Teaches Good Business Practices:


The Torah and many Jewish philosophers leaders and writers have made it clear how Jewish businesses must operate according to these teachings there's absolutely no room for dishonest practices any deception collusion or price-fixing against a consumer is known as one's which translated means oppression fleecing the consumer is seen as an oppression of their freedom knowing that you're going into business with someone who's inspired to good ethics by a higher power makes Jewish business people a very attractive business partner to many.

08. Resilience & Perseverance Are Second Nature:


Despite extreme challenges, Jewish people have shown resilience throughout it's woven into their fabric and the focus remains on the spiritual and practical with this resilience and perseverance giving up is not an option when things go wrong in business which happens there's no self-pity but an attitude of shit happens let's figure out how to fix it as the author of the money code become a millionaire with the ancient Jewish code h.w Charles wrote the jews are known for their perseverance and this is what helps them achieve their goals.

09. Good Financial Education Taught Over Generations:


Jay-z got a lot of pushback for his comments on Jewish people in his track the story of the controversial line was you want to know what's more important than. Many experts as reinforcing the stereotype that Jewish people have some kind of global control of property and banks however jay-z defenders saw it as a shout-out to Jewish success and a hint to the black community to follow similar business ventures and invest in each other the kind of generational knowledge and market confidence in the areas of finance and property that the Jewish community has is enviable no matter who you support.

10. Parents Teach Their Children The Value Of Money:


In many households speaking openly about finance is taboo parents try to protect their children by not sharing if they're having financial troubles or if they're wealthy displaying that to splurge by using five jars many Jewish parents teach their children how to be money-wise each jar is labelled tithe giving and offering to save investing and spending. Children are given 10 shekels and the child puts one in the tithe jar one in the giving and offering one in the savings 2 in investing and 5 in spending the giving jar is opened up on Sundays. 

The tithe which means 10th in Hebrew is opened at the end of the month the savings is opened on special occasions and investing is only opened when full parents don't intervene and the child is responsible for the money but the children learn from their mistakes and take ownership of their decisions.

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