The Parnassah Podcast

Eli Fried
  • 5.0 (30)
  • Investing
  • Updated Weekly

Discover how to navigate personal finances with a Jewish perspective on The Parnassah Podcast. Each week, we tackle real-life parnassah challenges, explore effective solutions, and interview key personalities, offering insights that blend financial wisdom with frum values

Episodes

  1. 10/10/2024

    5. How to improve our parnassah? [Good News Nuggets]

    Okay, we've spoken about the challenges of finances/Parnassah in the Frum community. But what can we do about it? Is there anything that is going well for Parnassah? In this episode of the Parnassah Podcast, Eli Fried challenges the Parnassah crisis mindset within the community and argues for a more optimistic approach. Discussion Points: The shift from a crisis mentality to a positive outlook on Parnassah.How confidence, both personal and communal, plays a crucial role in financial success.The impact of modern technology and remote work on new business opportunities.The wealth effect created through homeownership and community contributions.Fifteen 'good news' points related to Parnassah. Eli Fried discusses the transformative role of technology, education, and remote work in expanding business opportunities. The conversation also delves into the value of confidence, both individually and as a community, and how this mindset can influence future generations. Eli shares his list of 15 positive developments related to Parnassah, that while challenges remain, there are significant successes to celebrate and build upon. Time Stamps: 00:00 – Introduction to the Parnassah Podcast 00:38 – The Crisis Mentality in the Community 03:20 – The Importance of a Positive Outlook 05:01 – Building Confidence and Overcoming Cynicism 07:57 – Learning from Past Achievements 09:40 – The Impact of Attitude on Future Generations 11:06 – Recognizing Hashem's Support 12:09 – 15 Nuggets of Good News 12:14 – The Role of Technology in Business 13:57 – Remote Work and Employment Opportunities 15:09 – Housing Market Dynamics 17:12 – Community Support and Tzedakah 32:26 – Financial Literacy and Investing 33:58 – Out-of-Town Communities and Tuition Vouchers 37:32 – The Role of Women in the Workforce Ready to shift your perspective and embrace the positive developments around Parnassah? Tune in to the full episode for valuable insights and actionable advice on how to grow your financial stability and support the broader community. ---- This episode was edited and produced by Intent Media.

  2. 09/29/2024

    4. How do frum familes make it?!?!

    How can families bridge the gap between high expenses and income in the Frum community? Is there a secret way some families do to "make it"? Join Eli Fried on the Parnassah Podcast as he uncovers the hidden sources of income and offers practical insights to help you better manage your finances. Discussion Points:Understanding the income side of the financial equationPublic spending vs. Private incomeVarious income sources in the community: debt, government programs, family help, charityThe underestimated role of homemakers in income generationIncome disparities and their impact on the community In this episode, Eli Fried dives into the often-overlooked income sources that help families in the Frum community manage their finances. Shifting the focus from expenses to income, he discusses the role of debt, government programs, and family support in closing the financial gap. Eli also highlights the significant yet often underrated contributions of homemakers ('Balabasta' income) to household income. He emphasizes the disparities in income across families and urges listeners to avoid making assumptions based solely on spending habits. Eli offers practical advice on how to manage finances better and seeks out solutions to boost household income. Key Takeaways:Income comes from diverse sources: From debt to government programs, families tap into various streams to meet their expenses.The role of homemakers is often underestimated: Balabasta income plays a critical part in household financial stability.Outlier incomes can skew community perceptions: It's important to understand that income varies and isn't reflected solely by spending.Government programs have positive and negative impacts: While they help many, they can also create family challenges.Practical financial management: Identifying opportunities to increase income and live frugally is key to long-term stability. Time Stamps:00:00 - Understanding the Income Side 05:48 – Public Spending vs. Private Income 09:38 – Income Sources and Community Dynamics 10:28 – Government Programs and Their Impact 16:34 – Family Support and Charity 18:40 – The Role of Homemakers 21:04 – Illustrative Scenario: The Kipper Family 28:47 – Frugal Living and Financial Management 30:03 – Addressing Debt and Financial Assistance 31:20 – Challenges with Government Programs 35:53 – The Role of Women in Financial Stability 39:38 – Income Disparity and Community Impact Call to Action:Ready to take control of your financial future? Tune in to the full episode for valuable insights on increasing your income and managing your financial situation effectively! ---- This episode was edited and produced by Intent Media.

  3. 09/22/2024

    3. Ok. So what does it actually cost to be Frum?

    How much money does a Frum family need to live comfortably? This episode dives into the heart of that question, exploring the unique financial landscape faced by many in the Frum community. Eli Fried breaks down the key factors that influence these financial needs and shares insightful stories that underscore the importance of budgeting and financial discipline. Key Questions Explored in the Episode: What are the primary expenses that impact a Frum family's budget?How do factors like family size, kosher expenses, and tuition influence financial needs?Why is budgeting crucial for maintaining financial stability in a Frum household? In this episode, Eli Fried discusses the often-asked question of how much money a Frum family requires to live. He delves into the various expenses that can affect this number, including family size, kosher food costs, tuition, and geographic location. By sharing stories from three different families that Eli coached in Lakewood, he highlights how financial well-being depends not solely on income but on how one manages their expenses. Key Takeaways: Financial needs vary significantly based on family size, location, and lifestyle choices.Budgeting is crucial for managing expenses and ensuring financial stability.Personal financial decisions should align with one's values and long-term goals.It's not just about how much you earn, but how you manage your expenses.Trade-offs and financial discipline are key to maintaining a balanced budget. Time Stamps: 00:00 Cost of Frum Life02:39 Case Studies: Financial Realities of Frum Families06:11 Personal Finance: It's All About Choices09:12 Factors Influencing Financial Needs16:47 The Importance of Budgeting20:45 Trade-offs and Financial Discipline Tune in to the full episode for valuable insights and practical tips to help you navigate a Frum family's unique financial challenges. ---- This episode was edited and produced by Intent Media.

  4. 09/14/2024

    2. You're doing everything right and still struggling.

    Are you wondering why living a Frum life feels so financially overwhelming, even with a substantial income? In this episode, host Eli Fried uncovers the surprising reasons behind the financial struggles faced by many Frum families. Key Questions Explored in the Episode:What are Frum families doing wrong with their finances?Why is living a Frum life so expensive? Eli will take us through the financial challenges that Frum families face, despite their often high incomes. He focuses on the various factors contributing to the high cost of living, including large family sizes, yeshiva tuition, kosher food, and the expense of living in certain geographic locations. Eli also touches on the social pressures that add to these financial burdens. Using data from the Census Bureau and relatable examples, he explains the underlying math behind these expenses and reassures listeners that they are not alone in their struggles. Key Takeaways:Frum families face significant financial challenges, even with high incomes.The cost of living is driven by factors such as large families, yeshiva tuition, and the need for kosher food.Housing and geographic location significantly impact the financial well-being of Frum families.Education costs are a major burden for many Frum households. Time Stamps:00:00 High Costs of Frum Life05:27 Factors Driving Expenses13:43 Housing Costs for Frum Families18:02 Food Expenses in Frum Households21:51 The Burden of Education Costs28:12 Impact of Taxes and Government Policies33:40 Additional Financial Pressures Tune in to the full episode for valuable insights that can help you better understand and manage your finances. ---- This episode was edited and produced by Intent Media.

  5. 09/08/2024

    1. Parnassah Challenge NOT Crisis

    Are you feeling the weight of financial stress? Are you making a good salary but still can't make it financially? Join Eli Fried in this inaugural episode of the Parnassah Podcast as he dives into the pervasive financial challenges within the Jewish community, what most people call the Parnassah crisis. Discover practical, proactive tips and Torah-based insights to improve your financial well-being and that of your community. What is the Parnassah crisis and how does it affect the Jewish community?What are the root causes of financial challenges within the community?How can individuals and families navigate these challenges practically and positively?What role do Torah and Hashkafa play in addressing financial issues?How can financial education help mitigate the Parnassah crisis? Discussion Points:Understanding the Parnassah CrisisProactive Solutions and Practical TipsExploring the Causes of Parnassah ChallengesThe Financial Strain on FamiliesThe Role of Torah and Hashkafa in ParnassahAddressing Foundational QuestionsInsights from Rabbi Eliezer GerwertzThe Ripple Effects of Parnassah ChallengesThe Importance of Financial Education In this episode, host Eli Fried introduces the Parnassah Podcast, aiming to address the financial challenges within the Jewish community. Drawing from his seven years of experience in writing and interacting with hundreds of families, Eli provides practical and proactive tips to improve financial situations. He discusses key topics such as tuition, housing costs, kosher food, and the ripple effects of financial stress. Emphasizing a positive and Torah-based approach, Eli will bring in experts to offer tailored guidance and solutions. Key Takeaways:Understand the Parnassah crisis and its impact on the Jewish community.Learn practical and proactive tips to improve individual and communal financial situations.Explore the role of Torah and Hashkafa in addressing financial challenges.Gain insights from experts like Rabbi Eliezer Gerwertz on tailored solutions.Recognize the importance of financial education in mitigating the Parnassah crisis. Time Stamps:00:00 Introduction to the Parnassah Podcast01:49 Understanding the Parnassah Crisis02:46 Proactive Solutions and Practical Tips03:14 Exploring the Causes of Parnassah Challenges03:43 The Financial Strain on Families04:19 The Role of Torah and Hashkafa in Parnassah05:07 Addressing Foundational Questions07:48 Insights from Rabbi Eliezer Gerwertz13:47 The Ripple Effects of Parnassah Challenges26:34 The Importance of Financial Education Ready to take control of your financial well-being? Tune in to the full episode for valuable insights and practical tips to navigate the Parnassah crisis effectively. Sign up for the Gelt Guide Newsletter: --- This episode was edited and produced by Intent Media.

  • 5 Episodes

5
out of 5
30 Ratings

About

Discover how to navigate personal finances with a Jewish perspective on The Parnassah Podcast. Each week, we tackle real-life parnassah challenges, explore effective solutions, and interview key personalities, offering insights that blend financial wisdom with frum values

Information

  • Creator
    Eli Fried
  • Years Active
    2024
  • Episodes
    5
  • Rating
    Clean
  • Copyright
    © Copyright 2024 Eli Fried
  • Show Website
    The Parnassah Podcast