Kosher Money

How I Started from $0 and Created BillionsBusiness is about solving problems—and Edward Kholodenko has spent his life doing just that. From his early years facing discrimination in the Soviet Union to immigrating to Canada and navigating failed ventures, Edward’s journey is one of relentless resilience. In this episode of Kosher Money, he shares how he built Questrade, one of Canada’s leading trading platforms, overseeing over $60 billion in assets. But his story isn’t just about wealth—it’s about adaptability, faith in God, and finding opportunities in crisis. How did a failed computer business in Ukraine shape his future success? What financial mistakes do most people make? How did he navigate market crashes, the 2008 financial crisis, and the rise of AI? What’s his best advice for new investors and entrepreneurs? Whether you’re an aspiring entrepreneur, a seasoned investor, or someone looking for smart financial insights, this episode is packed with wisdom, lessons, and real-world strategies to help you succeed. Watch now and learn how to build, grow, and take control of your financial future! ✬ SPONSORS OF EPISODE 87 ✬ ► BITBEAN: Do you have an ambitious company? BitBean builds custom software and provides software solution consulting. (They do tremendous work.) See case studies, learn more and get in touch here: https://bitbean.link/4edg53 ► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get a free account here: https://thedonorsfund.org/koshermoney ► TWILLORY: Get $18 OFF your first purchase of comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney ► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! TIME STAMPS: 00:00 Intro 01:24 Edward’s Early Life In The Soviet Union 03:02 Moving to Toronto 04:25 Did You Grow Up Religious? 06:00 Edward's (Growing) Beard 06:48 His First Business Venture in 1991 11:00 The Fall of the Soviet Union 14:35 10,000% Inflation 14:52 Getting Married & Back to Canada 15:54 The Russian Ruble Crisis 16:45 BitBean 17:43 The Donors' Fund 19:31 A Godly Pattern in Edward's Life 20:03 The Impact Of 9/11 On The Business 20:40 The Start of Questrade 26:04 The First Few Years of Questrade 32:28 Another Business Hurdle 34:10 The Effect of Success 37:09 Best Practices for Business Owners 38:37 The Value of Time 39:24 Starting a New Business 41:00 Twillory 42:16 Colel Chabad - Help Israel 43:41 How to Impact Culture in a Biz 45:55 "Can I Steal a Few Minutes?" 46:26 His Advice for Wealthier Families 49:16 Where Edward Sees Opportunities Now 51:51 Trading in the Markets 54:35 Hidden Fees, Crypto, Risks, Oh My! 57:45 Human Advisors vs. Computers & AI 59:12 How Edward Manages His Phone 1:00:27 What's Your Dream, Edward? 1:02:00 His Torah Learning 1:05:40 Contest, Winners & Outro ✬ Donate Tax-Deductible and Inspire Millions: Your gift of any size enables Living Lchaim to share uplifting & educational content! » https://www.livinglchaim.com/donate Follow Kosher Money for Bonus Shorts: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Free Call-In-To-Listen Hotline: USA: 605-477-2100 UK: 0333-366-0154 ISRAEL: 079-579-5088 Living Smarter Jewish is a fantastic financial resource. Get guidance at https://livingsmarterjewish.org/contact and check out the new school curriculum here: https://livingsmarterjewish.org/schools WhatsApp feedback to 1-914-222-5513 All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or personal advice. #PersonalFinance #JewishLife #questrade #canada #canadalife #LivingLchaim #KosherMoney #KosherMoneyPod

1T 8M

The Hasidic Man with a Money Warning for Jewish FamiliesIn this powerful and eye-opening episode, Mendy Feferkorn shares why he’s on a mission to bring financial awareness to the Hasidic community and beyond—without any personal gain. After facing a financial blind spot himself, Mendy—a self-described "regular Jew"—realized that many Orthodox Jewish families simply don’t know what they don’t know. From the dangers of credit cards to the importance of starting to save for your child’s wedding the day they’re born, Mendy walks us through practical, Torah-aligned financial strategies every family needs to hear. 💸 How can $5 a day turn into over $100,000? 💳 Why is living on credit destroying frum households? 🏦 What’s the best way to set up retirement savings without a broker? 🛡️ Why is life insurance not optional—and what is Areivim USA? His message is clear: You don’t need to be rich to live responsibly. You need discipline, consistency, and the awareness to plan for the future. Whether you’re 25, 42, or 60, this episode is a must-watch for anyone serious about securing their family’s financial future—with Hashem’s help. ⏱️ Time Stamps: 00:01 Intro 01:44 What Does Mendy Do for Work? Why This? 02:59 Why Are Some People Better Educated on Finance? 5:01 Why Is The Message Resonating? 12:11 Faith, Trust & The Number 120 17:23 The Donor's Fund 18:53 BitBean 19:50 Hishtadlus / Effort 21:54 God's World and YOUR Job 23:44 All Money Comes from Beneath God's Throne 27:40 MENDY'S 4 SMART MONEY STRATEGIES 56:17 Twillory 57:27 Colel Chabad 1:21:00 Mendy's Contact Info 1:29:03 Outro, Contest Winner, New Giveaway & More • Subscribe to and watch Mendy's YouTube channel here. • You can email Mendy here: Mendy@Feferkorn.com • Community-driven financial protection = Areivim USA ✬ SPONSORS OF EPISODE 90 ✬ ► BITBEAN – Got big ideas but clunky systems holding you back? BitBean is the go-to team for custom software that actually works for your business. Whether you're in healthcare, finance, or retail, they’ve built powerful platforms that scale smart. Dive into real case studies and connect with their expert team here. ► THE DONOR'S FUND – Charity should be easy—and now it is. The Donor’s Fund gives you one place to manage all your giving, with a sleek app and smart tools that make donations strategic and seamless. Open your free account today. ► TWILLORY – Your wardrobe upgrade starts here. Shop high-quality shirts, polos, and performance wear—without breaking the bank. Use code KM20 here for 20% off. ✔️ No minimums ✔️ No cap on savings ✔️ Limited-time offer ► COLEL CHABAD – Our brothers and sisters in Israel need us more than ever. Every dollar makes a difference. Partner with Colel Chabad here. ✬ Donate Tax-Deductible and Inspire Millions: Your gift of any size enables Living Lchaim to share uplifting & educational content! Click here to donate. :-) 📲 Follow Kosher Money for Bonus Shorts: TikTok: https://www.tiktok.com/@koshermoneypod Instagram: https://www.instagram.com/koshermoneypod 📲 Follow Living Lchaim for More Goodies: TikTok: https://www.tiktok.com/@livinglchaim Instagram: https://www.instagram.com/livinglchaim/ Facebook: https://www.facebook.com/livinglchaim LinkedIn: https://www.linkedin.com/company/living-lchaim 📞 Free Call-In-To-Listen Hotline: USA: 605-477-2100 UK: 0333-366-0154 Israel: 079-579-5088 🎓 Living Smarter Jewish is a fantastic financial resource. 📘 Get guidance: https://livingsmarterjewish.org/contact 🏫 Check out the school curriculum here. 📤 WhatsApp feedback to Living Lchaim at 1-914-222-5513 ⚠️ All investment strategies and investments involve risk of loss. Nothing contained in our content, ads, or videos should be construed as investment or personal advice. #FinancialResponsibility #FrumFinance #LiveWithinYourMeans #PlanForTheFuture #SmartSpending #JewishMoneyTalk #KosherMoney #LivingLchaim #MoneyAndEmunah #FrumLife #WeddingPlanning #LifeInsuranceMatters #RetirementPlanning #MoneyHabits #JewishValues #ChassidicLife #HasidicJewishCommunity

1T 31M

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