Kosher Money How I Started from $0 and Created Billions
Business is about solving problems—and Edward Kholodenko has spent his life doing just that. From his early years facing discrimination in the Soviet Union to immigrating to Canada and navigating failed ventures, Edward’s journey is one of relentless resilience.
In this episode of Kosher Money, he shares how he built Questrade, one of Canada’s leading trading platforms, overseeing over $60 billion in assets. But his story isn’t just about wealth—it’s about adaptability, faith in God, and finding opportunities in crisis. How did a failed computer business in Ukraine shape his future success? What financial mistakes do most people make? How did he navigate market crashes, the 2008 financial crisis, and the rise of AI? What’s his best advice for new investors and entrepreneurs? Whether you’re an aspiring entrepreneur, a seasoned investor, or someone looking for smart financial insights, this episode is packed with wisdom, lessons, and real-world strategies to help you succeed. Watch now and learn how to build, grow, and take control of your financial future!
✬ SPONSORS OF EPISODE 87 ✬
► BITBEAN: Do you have an ambitious company? BitBean builds custom software and provides software solution consulting. (They do tremendous work.) See case studies, learn more and get in touch here: https://bitbean.link/4edg53
► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get a free account here: https://thedonorsfund.org/koshermoney
► TWILLORY: Get $18 OFF your first purchase of comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney
► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation!
TIME STAMPS:
00:00 Intro
01:24 Edward’s Early Life In The Soviet Union
03:02 Moving to Toronto 04:25 Did You Grow Up Religious?
06:00 Edward's (Growing) Beard
06:48 His First Business Venture in 1991
11:00 The Fall of the Soviet Union
14:35 10,000% Inflation
14:52 Getting Married & Back to Canada
15:54 The Russian Ruble Crisis
16:45 BitBean
17:43 The Donors' Fund
19:31 A Godly Pattern in Edward's Life
20:03 The Impact Of 9/11 On The Business
20:40 The Start of Questrade
26:04 The First Few Years of Questrade
32:28 Another Business Hurdle
34:10 The Effect of Success
37:09 Best Practices for Business Owners
38:37 The Value of Time
39:24 Starting a New Business
41:00 Twillory
42:16 Colel Chabad - Help Israel
43:41 How to Impact Culture in a Biz
45:55 "Can I Steal a Few Minutes?"
46:26 His Advice for Wealthier Families
49:16 Where Edward Sees Opportunities Now
51:51 Trading in the Markets
54:35 Hidden Fees, Crypto, Risks, Oh My!
57:45 Human Advisors vs. Computers & AI
59:12 How Edward Manages His Phone
1:00:27 What's Your Dream, Edward?
1:02:00 His Torah Learning 1:05:40 Contest, Winners & Outro
✬ Donate Tax-Deductible and Inspire Millions: Your gift of any size enables Living Lchaim to share uplifting & educational content! » https://www.livinglchaim.com/donate
Follow Kosher Money for Bonus Shorts: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod
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
WhatsApp feedback to 1-914-222-5513
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.
#PersonalFinance #JewishLife #questrade #canada #canadalife #LivingLchaim #KosherMoney #KosherMoneyPod