The Advice I’d Give My Grandchildren About Money & Life
Kosher Money
Balancing Risk and When to Jump
Louis talks about assessing risk, learning from mistakes, and gradually growing comfortable with risk.
Kosher Money is the bi-weekly podcast from Living Lchaim, hosted by Eli Langer.
This is one of those episodes that just keeps getting better as it goes.
Our guest this week is a Cleveland-based entrepreneurial dentist who is as kind as he is impressive.
He invited us into his home to share deep wisdom on wealth, health, and raising a family, culminating in a masterclass on how the '1%' actually get things done.
Dr. Louis Malcmacher is a world-renowned educator, businessman, and a true chessed machine. Enjoy!
(My thanks to David Wester for the video and audio of this episode and to Chaikel Kaufman and friends for facilitating it!)
👉 ✬ SPONSORS OF EPISODE 108 ✬
► NQGRG – Halachic estate planning made simple. Protect your family, legally and according to Torah law. Visit https://NQGRG.com or email Shlomo at sk@nqgrg.com - it's peace of mind!
► BITBEAN – Turn big ideas into scalable, AI-powered software. Learn more at https://bitbean.link/4edg53
► COLEL CHABAD – Feeding families in Israel since 1788. Make a difference today: https://ColelChabad.org/KosherMoney
✬ Helpful Efforts Out in the World ✬
• Living Smarter Jewish brings free financial coaching to families: https://livingsmarterjewish.org/
• Kosher Debt Help – Honest, agenda-free help if you're in debt: https://www.kosherdebthelp.com/
• Kosher ADHD – Practical guidance for families living with ADHD: https://kosher-adhd.com/
CHAPTERS:
00:00 Intro
00:40 Growing Up in Cleveland
02:10 Going to Public School
03:40 Becoming More Orthodox
04:45 His Father’s Shoe Store
05:20 The First Job
05:57 Other Early Jobs
06:27 Learning From Every Experience
07:29 Going Into Dentistry
08:57 Starting His First Practice
10:26 Leveling Up and Taking Risk
14:27 Reliable Halachic Planning at NQGRG
17:34 His Biggest Mistake
18:25 Taking Risks in Dentistry
19:34 The Opportunity with Ancillary Revenue
22:12 Staying Within the Industry
24:21 Having Tough Conversations
27:13 A Message to Educators
28:58 BitBean Takes Your Big Ideas and Brings Them to Life
29:45 Living in a Materialistic World
35:10 The Costs of Living in Different Places
38:24 Being Involved in Community Work and Finding Time
41:57 Colel Chabad Feeds Thousands of Families in Israel
42:48 The Legacy of Mendy Klein
46:18 Working Your Way Up to Success
48:00 Children With Different Labels Can Achieve Success
49:26 Brush Your Teeth!
50:08 We Do Not Take Care of Ourselves
52:34 Get Things Done
59:02 The Many Talents of the Jewish Nation
59:29 Thank You Dr. Malcmacher
1:01:10 Outro: Takeaways, Sponsors and Giveaway Announcement
Follow Kosher Money on TikTok & Instagram: @koshermoneypod
Visit our BRAND NEW Website: https://www.livinglchaim.com/
Call-in Hotline: USA 605-477-2100 | UK 0333-366-0154 | Israel 079-579-5088
WhatsApp feedback: 1-914-222-5513
#KosherMoney #JewishWisdom #TorahInsights #Cleveland #Dentists #Malzmacher #Ohio #Advice #MendyKlein #LivingLchaim #KM
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