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Financial Awareness in High Income Brackets
This chapter delves into the financial challenges high earners encounter, particularly their struggles with budgeting despite their substantial incomes. It highlights the impact of lifestyle inflation on financial stability and stresses the importance of financial awareness and accountability for effective money management.
Making and managing money isn’t easy—especially when life throws big expenses like tuition, groceries, and student loans your way. For many Orthodox Jewish families, the question isn’t just about budgeting, but also about earning enough to meet the demands of their unique lifestyle.
In this episode, Stacey Zrihen, a seasoned financial coach, unpacks the findings from Kosher Money’s survey of over 3,000 Orthodox Jews. How much do Orthodox Jews really earn? What’s the financial reality behind the numbers? Stacey and Eli dive into the data to explore income levels, community spending habits, stress factors and more.
But it’s not all struggle—Stacey offers practical strategies for making the most of what you have. From creating a personalized budget to cutting unnecessary costs, this conversation highlights how small, intentional changes can make a big difference.
The message is clear: You’re not alone, and no matter your starting point, there’s a way to build a brighter financial future. Whether it’s managing tuition costs, navigating the emotional side of money, or figuring out how to save more, this episode will leave you inspired and empowered to take control of your finances. You got this!
View Full Survey Here: https://tinyurl.com/FullSurvey25
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Free Call-In-To-Listen Hotline: USA: 605-477-2100 UK: 0333-366-0154 ISRAEL: 079-579-5088 Living Smarter Jewish is a fantastic financial resource. Get guidance at https://livingsmarterjewish.org/contact and check out the new school curriculum here: https://livingsmarterjewish.org/schools
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All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or personal advice.
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Listen to the best highlights from the podcasts you love and dive into the full episode