The Advice I’d Give My Grandchildren About Money & Life

The podcast explores Dr. Louis Malcmacher's journey as an entrepreneurial dentist, his Cleveland upbringing shaped by Holocaust survivor parents, and his insights on wealth, health, and family. Dr. Malcmacher recounts his early jobs and the influence of NCSY on his path to Orthodoxy. He advises entrepreneurs to take calculated risks and consider ancillary revenue streams, while emphasizing the importance of defined roles in family businesses. The conversation touches on the unique, grounded nature of Cleveland's Orthodox community, the significance of community work, and the impact of figures like Mendy Klein. Dr. Malcmacher stresses the need for health and wellness, and encourages listeners to "get things done" by leveraging their talents for community betterment.

Outlines

Part 1: Early Life, Roots

Part 2: Career, Dentistry

Part 3: Entrepreneurship, Risk

Part 4: Growth, Technology

Part 5: Leadership, Communication

Part 6: Community, Values

Part 7: Philanthropy, Vision

Part 8: Health, Wellness

Part 9: Legacy, Advice

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Kosher Money

Part 1: Early Life, Roots

00:00Growing Up in Cleveland, Ohio: The Early Life and Influences

Growing Up in Cleveland, Ohio: The Early Life and Influences

00:53Jewish Education and Community in Cleveland: A Traditional Upbringing

Jewish Education and Community in Cleveland: A Traditional Upbringing

02:23Transition to Orthodoxy: NCSY and Financial Constraints

Transition to Orthodoxy: NCSY and Financial Constraints

03:47Father's Shoe Store and Early Work Ethic: A Modest Upbringing

Father's Shoe Store and Early Work Ethic: A Modest Upbringing

05:18Early Jobs and Lessons: From Janitor to Embracing Hard Work

Early Jobs and Lessons: From Janitor to Embracing Hard Work

Part 2: Career, Dentistry

06:44Inspiration for Dentistry: A Sister's Influence and a Great Dentist

Inspiration for Dentistry: A Sister's Influence and a Great Dentist

08:23Education and Career Beginnings: From Yeshiva to Dental Practice

Education and Career Beginnings: From Yeshiva to Dental Practice

09:44Dentistry as a Flexible Profession: Benefits for Family Life

Dentistry as a Flexible Profession: Benefits for Family Life

Part 3: Entrepreneurship, Risk

10:25Entrepreneurship: Taking the Leap to Build Wealth

Entrepreneurship: Taking the Leap to Build Wealth

11:37Risk Assessment in Business: Balancing Risk and Reward

Risk Assessment in Business: Balancing Risk and Reward

12:53Family Business Dynamics: Defined Roles and Compatibility

Family Business Dynamics: Defined Roles and Compatibility

17:33Business Mistakes: Recognizing and Seizing Opportunities Earlier

Business Mistakes: Recognizing and Seizing Opportunities Earlier

Part 4: Growth, Technology

19:33Ancillary Revenue Streams: Exploring Side Hustles in Any Industry

Ancillary Revenue Streams: Exploring Side Hustles in Any Industry

20:48Leveraging Technology for Education: Webinars and International Reach

Leveraging Technology for Education: Webinars and International Reach

22:39Investing in Core Business: Focusing on Expertise and Close Friends

Investing in Core Business: Focusing on Expertise and Close Friends

23:36Products and Education: Maximizing Business Growth

Products and Education: Maximizing Business Growth

Part 5: Leadership, Communication

24:20Handling Tough Conversations: Delegation and Community Focus

Handling Tough Conversations: Delegation and Community Focus

26:04Preparing for Difficult Discussions: Setting Expectations and Community Impact

Preparing for Difficult Discussions: Setting Expectations and Community Impact

27:36Education Advice: Knowing Your Audience for Impactful Teaching

Education Advice: Knowing Your Audience for Impactful Teaching

28:05Practical Audience Understanding: Gathering Information and Meeting Preparation

Practical Audience Understanding: Gathering Information and Meeting Preparation

Part 6: Community, Values

29:44Materialism in the Orthodox Community: Grounded Living in Cleveland

Materialism in the Orthodox Community: Grounded Living in Cleveland

31:44Grounded Values in Cleveland: A Lower Level of Materialism

Grounded Values in Cleveland: A Lower Level of Materialism

34:48Community Standards: Trickle-Down Effect of Financial Modesty

Community Standards: Trickle-Down Effect of Financial Modesty

36:52Tuition Vouchers and Community Growth: Attracting Families to Ohio

Tuition Vouchers and Community Growth: Attracting Families to Ohio

Part 7: Philanthropy, Vision

38:22Charity Work and Community Involvement: Giving Back and Finding Time

Charity Work and Community Involvement: Giving Back and Finding Time

39:31Young Askanim and Community Growth: Empowering New Leaders

Young Askanim and Community Growth: Empowering New Leaders

42:48Mendy Klein's Vision: Transforming Cleveland's Orthodox Community

Mendy Klein's Vision: Transforming Cleveland's Orthodox Community

44:00Planting Young Elites: Growing a Community Through Vision and Guts

Planting Young Elites: Growing a Community Through Vision and Guts

45:51Impetuous Action: Overcoming Overthinking and Building Success

Impetuous Action: Overcoming Overthinking and Building Success

Part 8: Health, Wellness

47:56ADHD and Medication: Balancing Medical Advice and Individual Development

ADHD and Medication: Balancing Medical Advice and Individual Development

49:17Health and Wellness: Prioritizing Self-Care and Preventable Issues

Health and Wellness: Prioritizing Self-Care and Preventable Issues

50:53Preventable Health Issues: The Importance of Dental and Medical Care

Preventable Health Issues: The Importance of Dental and Medical Care

Part 9: Legacy, Advice

52:32Life Advice: Get Things Done and Embrace Community Work

Life Advice: Get Things Done and Embrace Community Work

55:44Building Torah in America: The President's Convention and Networking

Building Torah in America: The President's Convention and Networking

58:59Making the Most of Life: Doing Things for Others and Consistency