Don't Make These Mistakes | Brutally Honest Money Advice from One of the World's Wealthiest Jews

If you started from $0 today and wanted to get wealthy, what would you do?

What money mistakes prevent people from making money?

What is a smart approach to investing?

What should you do if three people approach you in a dark alley?

Who's gonna win the presidency in 2024?

Meet Dr. Rich Roberts, an entrepreneur and philanthropist from Lakewood, NJ who sold his pharmaceutical business in 2012 for $800 million.

We asked him those questions and more at a sit-down in his home.

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CHAPTERS:
0:00 Introduction
1:21 Meet Mr. Rich
1:52 #1 Mistake: Working With Unregulated Resources
3:46 #1 Advice: Diversify Your Investments
6:15 Invest with Caution
7:59 Choosing Index Funds
14:49 Managing Investments
18:24 Twillory - Sponsor
20:28 Starting Out in Finance
22:06 Starting Your Own Business
24:43 Capitalizing on AI
26:10 The Future of Technology
32:20 The Donors fund
34:24 Levels of Wealth
37:50 Maintaining Wealth
43:00 Motivations for Advancing Wealth Levels
46:12 The Negative Effects of Power
50:49 Managing and Balancing Charitable Contributions
56:14 Colel Chabad - Sponsor
58:44 Self-Defense
1:03:41 Protect Your Health
1:05:11 What To Do in a Dangerous Situation
1:07:03 Better Than Books
1:09:38 2024 Election Predictions
1:13:34 Thank You, Mr. Rich
1:13:45 Outro

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[CastleHassall]

i wish you would be my honorary Uncle and Cousin! my family fragmented so much over the generations.. you seem like really good hearted folks and it would be great to have you here for dinner sometime and be my guests if you are ever in Scotland.. thanks for doing this video

Best wishes to you all
from Rolland at Castle of Hassall
on the edge of The Atlantic

[kwilliams]

Young Man, your wisdom in allowing a wise man to discuss life and wealth is appreciated and wise. Thanks for not interrupting in every sentence as many do in this realm of advice.

[camels]

I work 16 hour days, running my business, and every word this man spoke I felt in my heart. You will seldom hear truth like this anywhere, hands down one of the finest interviews I have ever listened to! Thank you for this!

[richardamiss]

I'm 60. No one taught me about money. Learning as much as I can now. I love it!

[wobhdhc]

Dr. Rich Roberts is one of the most generous and humble person I have ever had the privilege to know! He is a true inspiration to all of Klal Yisroel!

[mattsarac]

Better than any book I bought in business. Listen this 2-3 times, will change your life for sure. Incredible interview congrats. Worth thousands of dollars for free.

[gcohn]

Dr. Roberts may not remember me, but his pharmaceutical company was one of our insurance clients! Incredible man.

[molo]

Please bring your Uncle back as a regular guest. Fascinating!

[anomanderrake]

Im not jewish, but I have to tell you thank you for your channel, and this great interview with Dr. Rich. Keep up the good work friends! :)

[georgeleles]

What an outstanding interview. I really enjoy listening to wonderfully intelligent people speaking logically.

[tone]

I followed this concept since 2018. I started with $100 as mentioned here and invested in companies I knew and trusted. To this day I still don’t do much in chart analysis. I just invest no matter what an amount I’m willing to burn. If it goes up I invest if it goes down I invest why because I trust in those companies to move in the right direction. Since then I was able to grow my overall investments to over $100, 000 close to $200k. It works I just wish I did this in my 20s rather than my 30s. I take more risk and invest more on the side of individual stocks however still invest in ETFs.

[SriJ]

Excellent podcast as always! Priceless! Thank you guys and keep up the great work. Love from India!

[susanjaneleitner]

I’m a fan and almost 77 years old! Loved your Uncle Rich! Thank you again for a meaningful and enjoyable conversation! See you soon!

[shareecundall]

Wonderful information! Thank you for interviewing such incredible people! I also want to thank these folks for sharing their wisdom ❤

[ricardofigueroa]

So much great information, this podcast is better than an MBA!

[OHR]

The best interview..so far..being rich and knowledge amd humble and smart..wow..I liked what he said..even i say that..Need money for family and Tzedkah..BH!

Excercise and eat healthy...its a Mitzvah from Torah

[jgonzalez]

Wow so much knowledge, so much wisdom, please need a second interview with your uncle Dr. Roberts.
Thank this is one of the best interview so far in your channel.
Muchisimas Gracias ✡️🇮🇱❤

[bmbelxc]

Not sure how I found your channel.... but your guest is spot on!!

[brook]

Incredible episode! Best episode on this channel!!!

[Rrg]

Fantastic video! Great advice! Thank you