Page 118 - issue
P. 118
running investment scams. A few warn- get into these situations in the first tion. I think that having rabbinical or
ing signs: If someone wants money for a place. The financial guru Dave Ramsey other professional endorsement
business, ask to see his tax returns. If the says that itis critical to have a bank would be a good idea. Of course, if
person tells you that they are behind in account with six months living expens- one’s check is being made directly to
tax filings, you have your first serious es in it for emergencies. In addition he an organization and mailed to the
warning sign. does not believe in debt (except for organization’s address, that would be
home mortgages). He tells people to great. I just want to stress that that no
Ask to see how they keep business live frugally to establish this lifestyle. one has confirmed the facts as pre-
records. If the records are sloppy, they will This is easier said than done, but by sented. However, the general concept
never know if they are making money and making this a goal, one will automati- of the chesed fund is a beautiful way
to whom they owe money. Have your cally cut out the waste. to use the power of the internet to
accountant speak to their accountant. advance good deeds.
A Related Topic
Collateral I have noticed a new website called Obviously, charity and lending are
In business, people lend with collateral. The Chesed Fund (not connected to a two very great mitzvas. Yet even such
For example, someone might be borrow- Baltimore organization with the same lofty concepts can be performed in a
ing to invest in real estate. If the lender name), a Jewish GoFundMe-style web- way that is not positive. Again, read the
holds a legal (first) mortgage against the site. It allows people to donate to Chofetz Chaim for more guidance. Let
property, he is receiving security that causes, and the website operator is us increase our good deeds but, at the
should protect him from loss, since the not making money: a beautiful con- same time, let’s do these mitzvas proper-
property serves a collateral. Even in such cept for sure. However anyone can ly and effectively. That will allow us not
a case one can get burned with inflated request for money for whatever need. I to get burned, rather to be able to con-
appraisals of real estate. That means noticed that the requests for money tinue giving and lending money for
that the house is not worth what you on the site lacked any letters from many years to come.◆
think it is, and the lender loses money rabbis or organizations that attest to
even if he seizes the property. the situation. It seems that the one Eli Pollock can be reached at elipol-
requesting money could easily be less lock2@yahoo.com. Much appreciation
Some Dave Ramsey Advice than 100% accurate in their descrip- to the rabbis and lay leaders who
Life is more pleasant when we do not helped with this article.
Upbeat Photo and Video #1 PEST CONTROL SERVICE
For all your Simchas and Events 410-764-7500
Yossi Roth • Roaches • Bats
443-801-9051 • Fleas • Squirrels
• Ticks • Termites
rothj@comcast.net • Waterbugs • Bees
www.upbeatphotoandvideo.com • Mice • Ants
• Rats • Spiders
©WWW
©WWW
Fast Professional Exterminating Specialist
Lowest Rates • Satisfaction Guaranteed
114 u www.wherewhatwhen.com u
ing signs: If someone wants money for a place. The financial guru Dave Ramsey other professional endorsement
business, ask to see his tax returns. If the says that itis critical to have a bank would be a good idea. Of course, if
person tells you that they are behind in account with six months living expens- one’s check is being made directly to
tax filings, you have your first serious es in it for emergencies. In addition he an organization and mailed to the
warning sign. does not believe in debt (except for organization’s address, that would be
home mortgages). He tells people to great. I just want to stress that that no
Ask to see how they keep business live frugally to establish this lifestyle. one has confirmed the facts as pre-
records. If the records are sloppy, they will This is easier said than done, but by sented. However, the general concept
never know if they are making money and making this a goal, one will automati- of the chesed fund is a beautiful way
to whom they owe money. Have your cally cut out the waste. to use the power of the internet to
accountant speak to their accountant. advance good deeds.
A Related Topic
Collateral I have noticed a new website called Obviously, charity and lending are
In business, people lend with collateral. The Chesed Fund (not connected to a two very great mitzvas. Yet even such
For example, someone might be borrow- Baltimore organization with the same lofty concepts can be performed in a
ing to invest in real estate. If the lender name), a Jewish GoFundMe-style web- way that is not positive. Again, read the
holds a legal (first) mortgage against the site. It allows people to donate to Chofetz Chaim for more guidance. Let
property, he is receiving security that causes, and the website operator is us increase our good deeds but, at the
should protect him from loss, since the not making money: a beautiful con- same time, let’s do these mitzvas proper-
property serves a collateral. Even in such cept for sure. However anyone can ly and effectively. That will allow us not
a case one can get burned with inflated request for money for whatever need. I to get burned, rather to be able to con-
appraisals of real estate. That means noticed that the requests for money tinue giving and lending money for
that the house is not worth what you on the site lacked any letters from many years to come.◆
think it is, and the lender loses money rabbis or organizations that attest to
even if he seizes the property. the situation. It seems that the one Eli Pollock can be reached at elipol-
requesting money could easily be less lock2@yahoo.com. Much appreciation
Some Dave Ramsey Advice than 100% accurate in their descrip- to the rabbis and lay leaders who
Life is more pleasant when we do not helped with this article.
Upbeat Photo and Video #1 PEST CONTROL SERVICE
For all your Simchas and Events 410-764-7500
Yossi Roth • Roaches • Bats
443-801-9051 • Fleas • Squirrels
• Ticks • Termites
rothj@comcast.net • Waterbugs • Bees
www.upbeatphotoandvideo.com • Mice • Ants
• Rats • Spiders
©WWW
©WWW
Fast Professional Exterminating Specialist
Lowest Rates • Satisfaction Guaranteed
114 u www.wherewhatwhen.com u
