Kosher Money

How Much Money Does an Orthodox Jew Make Per Year?

12 snips
Jan 22, 2025
Stacey Zrihen, a seasoned financial coach, takes us through the financial realities of Orthodox Jewish families, drawing insights from a survey of over 3,000 individuals. She discusses income levels, budgeting challenges, and the stress of tuition costs that often feel like mortgage payments. Stacey shares practical strategies for managing money effectively, emphasizing the importance of financial literacy and community support. From simplifying celebrations to planning for retirement, her advice offers hope and empowerment for achieving financial stability.
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ADVICE

Balancing Budget Before Debt

  • Create a budget to understand income and expenses.
  • Prioritize balancing your monthly budget before tackling debt.
INSIGHT

Luxuries vs. Necessities

  • Orthodox Jewish communities often miscategorize luxuries as necessities.
  • This can lead to overspending and financial strain, even for high earners.
ANECDOTE

22-Year-Old Car

  • Stacey Zrihen's father drove a 2002 Explorer for 22 years.
  • He saved an estimated $250,000 by not leasing new cars.
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