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I found this an interesting read. Hopefully man like Shatta can give the source of the message (see end of the post) a pass and focus on the content. I think it is relevent to any community.
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Seven Keys to the Enduring Wealth of a People
1. Understand that real wealth is portable; it's knowledge and education.
a. Build your child's self-esteem.
b. Build the ability to defer gratification.
c. Choose the best education possible.
d. Develop and demonstrate informed and literate habits.
e. Create the education expectation and constantly stress its importance.
f. Keep your skills up to date.
g. Don't spoil your children and give them too much.
h. Set high expectations for your children and demand that they live up to their full potential.
2. Take care of your own and they will take care of you.
a. Patronize your people's businesses and organizations.
b. Provide charity that helps your people become self-sufficient.
3. Successful people are professionals and entrepreneurs.
a. Pursue a professional career, but be prepared to turn into an entrepreneur.
b. Within your career, leave time for entrepreneurial pursuits.
c. Pursue new opportunities or areas that are outside of the mainstream.
d. Take advantage of business opportunities.
4. Develop your verbal confidence.
a. Encourage your children to ask questions.
b. Proactively explain new ideas to your children.
c. Have "active" dinners together as a family.
d. Encourage participation in the performing arts and sports.
e. Consider joining Toastmasters as an adult.
5. Be selectively extravagant and prudently frugal.
a. Live within your means and save and invest your money.
b. Understand that money equals security and power.
c. Don't throw your money away, but when something is important to you, buy the BEST.
d. Stay married if you can; divorce is very expensive.
e. Practice diversified, low-cost, long-term investing.
f. Avoid debt.
g. Own your home, don't rent.
h. Buy your car and drive it for a long time.
6. Take pride in individuality; encourage creativity.
a. Be permissive, but protecting parents.
b. Reward venturing by your children and yourself.
c. Build your own creative engine - be open to new ideas, try new things, think in new ways.
d. Ignore "killer phrases" and senseless rules.
e. Challenge widely held assumptions. Think way outside the box.
f. Be a good copycat - don't re-invent the wheel.
g. Keep current. Know the trends.
h. Create an idea-friendly home.
7. Be psychologically driven to prove something.
a. Believe that you control your own destiny.
b. Don't be satisfied with the status quo.
c. Remaining an "outsider" is a good thing. Use it to motivate you to overcome obstacles and succeed.
d. Make long-range goals.
e. Work harder at tasks that require mental manipulation.
f. Take prudent risks.
g. Work for both tangible and intangible rewards.
h. Take personal responsibility for decisions and create results.
i. Accept other entrepreneurs as role models.
j. Believe in your own self-determination.
k. Understand that nobody owes you anything and that you make your own "good luck".
l. Don't rely on or blame others for your own success or failure.
m. If someone blocks the road to your goal, don't quit, just find a different way to get there.
- From the book "The Jewish Phenomenon" by Steven Silbiger
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Seven Keys to the Enduring Wealth of a People
1. Understand that real wealth is portable; it's knowledge and education.
a. Build your child's self-esteem.
b. Build the ability to defer gratification.
c. Choose the best education possible.
d. Develop and demonstrate informed and literate habits.
e. Create the education expectation and constantly stress its importance.
f. Keep your skills up to date.
g. Don't spoil your children and give them too much.
h. Set high expectations for your children and demand that they live up to their full potential.
2. Take care of your own and they will take care of you.
a. Patronize your people's businesses and organizations.
b. Provide charity that helps your people become self-sufficient.
3. Successful people are professionals and entrepreneurs.
a. Pursue a professional career, but be prepared to turn into an entrepreneur.
b. Within your career, leave time for entrepreneurial pursuits.
c. Pursue new opportunities or areas that are outside of the mainstream.
d. Take advantage of business opportunities.
4. Develop your verbal confidence.
a. Encourage your children to ask questions.
b. Proactively explain new ideas to your children.
c. Have "active" dinners together as a family.
d. Encourage participation in the performing arts and sports.
e. Consider joining Toastmasters as an adult.
5. Be selectively extravagant and prudently frugal.
a. Live within your means and save and invest your money.
b. Understand that money equals security and power.
c. Don't throw your money away, but when something is important to you, buy the BEST.
d. Stay married if you can; divorce is very expensive.
e. Practice diversified, low-cost, long-term investing.
f. Avoid debt.
g. Own your home, don't rent.
h. Buy your car and drive it for a long time.
6. Take pride in individuality; encourage creativity.
a. Be permissive, but protecting parents.
b. Reward venturing by your children and yourself.
c. Build your own creative engine - be open to new ideas, try new things, think in new ways.
d. Ignore "killer phrases" and senseless rules.
e. Challenge widely held assumptions. Think way outside the box.
f. Be a good copycat - don't re-invent the wheel.
g. Keep current. Know the trends.
h. Create an idea-friendly home.
7. Be psychologically driven to prove something.
a. Believe that you control your own destiny.
b. Don't be satisfied with the status quo.
c. Remaining an "outsider" is a good thing. Use it to motivate you to overcome obstacles and succeed.
d. Make long-range goals.
e. Work harder at tasks that require mental manipulation.
f. Take prudent risks.
g. Work for both tangible and intangible rewards.
h. Take personal responsibility for decisions and create results.
i. Accept other entrepreneurs as role models.
j. Believe in your own self-determination.
k. Understand that nobody owes you anything and that you make your own "good luck".
l. Don't rely on or blame others for your own success or failure.
m. If someone blocks the road to your goal, don't quit, just find a different way to get there.
- From the book "The Jewish Phenomenon" by Steven Silbiger
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