VANITY OF VANITIES- HOW TO FIND MEANING IN A MEANINGLESS WORLD (1 OF 4)
Scripture: Ecclesiastes 1
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Vanity of Vanities- How to Find Meaning in a Meaningless World (1 of 4)
Series: Ecclesiastes
Michael White
Ecclesiastes 1
I recently read an article in Bloomberg business entitled How Two guys lost God and found 40 million.
It's the story of Abe Zeines and Meir Hurwitz. Zeines and Hurwitz who grew up in a hasidic Jewish neighborhood in Brooklyn.
If you're unfamiliar with hasidic judaism it's an extremely conservative sect.
Every part of your life is governmed by religious rules. No meat or dairy together. No electricity on Sunday. You need to tie your left shoe before the right.
The clothing is very conservative. If you've been to NYC before you've probably seen them. They wear all black or navy clothing. Men will always wear a hat or yamika.
Jewish boys will spend hours each day pouring over Hebrew and Aramaic texts at whats called a yeshiva, which is basically a religious high school.
Everything in their life was dominated by their interpretation of Old Testament law, which is based on the Jewish Talmud.
Now as these boys got older, they were dissatisfied with the religious life and they wanted an out. SO instead of apprenticing with their father's businesses they ventured on their own and eventually started what's called a Merchant cash advance company.
Which is a legal way to lend money at even higher interest rates than mafia loan sharks once did.
How it worked is they created a credit card processing company that specialized in making loans to small businesses.
Now most banks reject small business loans because they can be very risky
but it was effective of Zeines and Hurwitz because since they controlled the card processing. they would take their money off the top before the desperate merchant could even get it.- and these high interest loans proved to be a very lucrative way to make money.
They figured out how to hook people such as florists and pizzeria owners with promises of fast cash and discovered ju ...
Series: Ecclesiastes
Michael White
Ecclesiastes 1
I recently read an article in Bloomberg business entitled How Two guys lost God and found 40 million.
It's the story of Abe Zeines and Meir Hurwitz. Zeines and Hurwitz who grew up in a hasidic Jewish neighborhood in Brooklyn.
If you're unfamiliar with hasidic judaism it's an extremely conservative sect.
Every part of your life is governmed by religious rules. No meat or dairy together. No electricity on Sunday. You need to tie your left shoe before the right.
The clothing is very conservative. If you've been to NYC before you've probably seen them. They wear all black or navy clothing. Men will always wear a hat or yamika.
Jewish boys will spend hours each day pouring over Hebrew and Aramaic texts at whats called a yeshiva, which is basically a religious high school.
Everything in their life was dominated by their interpretation of Old Testament law, which is based on the Jewish Talmud.
Now as these boys got older, they were dissatisfied with the religious life and they wanted an out. SO instead of apprenticing with their father's businesses they ventured on their own and eventually started what's called a Merchant cash advance company.
Which is a legal way to lend money at even higher interest rates than mafia loan sharks once did.
How it worked is they created a credit card processing company that specialized in making loans to small businesses.
Now most banks reject small business loans because they can be very risky
but it was effective of Zeines and Hurwitz because since they controlled the card processing. they would take their money off the top before the desperate merchant could even get it.- and these high interest loans proved to be a very lucrative way to make money.
They figured out how to hook people such as florists and pizzeria owners with promises of fast cash and discovered ju ...
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