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A $7 Million Offer Came with A Catch!!

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Rabbi Yaron Reuven avatar
Rabbi Yaron Reuven

Transcript

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He said, "I heard you want to leave, and I'm willing to offer you 7 million to come work for us." Now, I'm a 23-year-old kid. Now, one of the things that we utilized in business, for example, when we're in the investment business, is we would look for red flags in companies. Red flag either is going to create an opportunity to make money where other people are not seeing what the truth really is. A red flag is that there's trouble behind the scenes, and you can make money on the other way. And you So, you stay away from something. That continued into the early 2000s, and that was one of the things that I was running away from because it was disgusting to me. So, when I was working for a company called Raymond James before I started my own firm, I was looking to leave, and there was one guy that owned a firm called me. He said, "I heard you want to leave, and I'm willing to offer you 7 million to come work for us." Now, I'm a 23-year-old kid. 7 million dollars is a lot of money. I That was the first year I made a million dollars. So, it was a 7 million dollars is a lot more than I have. I said, "Okay, well, what's the deal?" He said, "Well, bring your clients, and I'll give you 7 million dollars in any way you want. You want cash in a box, you want it in a this, you whatever." Well, just bring your clients. I said, "Okay, but what's the deal?" He said, "Well, the main thing is you need to buy our investments, or what we recommend." I said, "What are your investments?" And he gave me a couple of things, and within 30 seconds, I told him, "No, thank you. This is all garbage." He goes, "Well, why not?" I'm like, "These are all fake companies." He goes, "Well, what do you care? You're going to make 7 million dollars." I said, "No, I'm not not a thief. Not a thief." It's if somebody gave me their money to invest, I'm going to invest it. So, that was the a test that I had apparently at that age. So, even before before becoming religious and anything else, there was a certain sense of morals that my parents raised me with. My father always told me that you can make money in two ways. You can make it the right way, you can make it the wrong way. The the the right the wrong way, you'll make a lot of money very quickly, but you won't last long. The right way, you won't make a lot of money right away, but you'll last a long time, you'll end up making a lot more.