Timothy Sumer

Think you know money? Think again! Money has an interesting way of playing tricks on our minds and only those who are either gifted or trained will spot them! Rabbi Naftali Horowitz reveals what EVERYONE should know. TIME STAMPS: 00:00 Opening Remarks 02:31 Are Financial Behaviors Logic or Gut? 06:33 What is a Heuristic? 10:45 Heuristic #1: Representation Bias 15:54 Rabbi Horowitz's Favorite Study 18:15 Investing Pitfalls 19:57 Why Affinity Fraud Happens 22:00 Racism and Stereotyping 22:56 Sponsor: Twillory 24:12 Heuristic #2: Mental Accounting Bias 30:00 The Car Dealership Trap 31:55 The 2008 Financial Crisis 34:53 The Lottery Effect 38:29 The Credit Card Trap 39:10 Sponsor: Approved Funding 40:39 Heuristic #3: Regret Aversion 44:32 Regret and Investing 49:16 Sponsor: Colel Chabad 51:04 Heuristic #4: Anchoring 54:52 Anchoring Investing Mistakes 58:04 Recap and Concluding Remarks 1:00:39 Outro If you have questions/feedback to share on this weeks episode, please e

So, you want be a success businessman or businesswoman...is there a secret? Well, maybe there is more than one, but we'll let entrepreneur Ira Zlotowitz share with you what he's seen from decades in the commercial real estate business. Ira can be reached at iraz@gparency.com or hit him up on his cell which he shared in the interview - wild! If you enjoyed this episode and want more, hit the "Like" button and be sure to subscribe! ✬ SPONSORS OF EPISODE 55 ✬ ► TWILLORY: Get $18 off your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI (which means 18 in Hebrew) at - Limited Time Offer, On a $139 Purchase. ENJOY! ► APPROVED FUNDING: Looking to purchase a home? Looking to get involved in real estate? Speak to Shmuel Shayowitz at to make sure you do it right. ► COLEL CHABAD: Please help Israel's neediest! Visit to make a much-needed donation! Follow Kosher Money on social media: TikTok -