The importance of proper planning, and the implementation of Buy-Sell agreements in family businesses, is essential to secure a healthy, ongoing, generational relationship.

David Chabbott

One of the core tenets of our community, which has kept us together for hundreds of years, is the importance of maintaining an incredibly close relationship with our family. This can be seen geographically, with brothers and sisters making every effort to live mere blocks from their parents. We see it at the holiday table, with the norm being a large gathering, sometimes 4 generations deep. Inevitably, the tight-knit bonds we develop with our siblings and relatives evolved towards the economic side of the coin. For many, the “family business,” is a bedrock of the sustainability and preservation for the present and future economic health of our community.

Growing up with the expectation of sitting side by side with your father is a blessing that not all are privy to. Working with the people you love the most, on paper, is a dream. The reality is, just like with all relationships, when working with family it is imperative proper steps be taken, to ensure the future of the company, and that organizational structures be put in place in anticipation of the inevitable.

In the 1930’s as my grandfather David Chabbott A’H was on the Lower East Side, selling shmatas (selling clothing or textiles), it’s safe to say he wasn’t thinking about how to split his handkerchiefs into quarters for his four future children. Almost a century ago, the most important thing was creating something to benefit the now; food on the table, clothing for the chagim (holidays), a roof over your head. Fast forward to today, and for so many, our grandparents’ businesses are now feeding their great grandchildren. Businesses have grown exponentially, and the number of people depending on the success and continued expansion of said businesses could be hundreds.

“He’s my brother, we don’t need an agreement on paper.”

As a financial advisor at The Power Forward Group, I constantly deal with members of our community who are partners in their business with siblings, cousins, and close friends. My first question to them is consistent, do you have a partnership agreement? Surprisingly often, the response is hostile. Family matters tend to be the most sensitive topic to broach, and the suggestion that a contract be implemented into a business plan, can be perceived as an implication of trouble brewing within the fabric of a family structure. The fact is, it’s exactly the opposite.

The reason for implementing a partnership agreement is to ensure the continued success of a family business, which be’ezrat Hashem can flourish for the next 3 generations.

One of the most tragic things to witness amongst family members are siblings who no longer speak, because of something in the family business that went sour. We see these fights spill into the shiva, where two people may even refuse to sit in the same house. It’s safe to say that earlier in their working lives, people going through these conflicts never foresaw what the future would hold.

So, what is a partnership agreement? While there are many variations, a commonly used type is a Buy- Sell agreement. In a Buy-Sell agreement, there is an agreement on paper where upon the passing of one of the partners, shares owned by the deceased are purchased by the surviving partner for a set price. The most important aspect to having a working Buy-Sell agreement, is the annual monitoring of the valuation of a company. Even with the most well-crafted, perfectly written partnership agreement, if a valuation isn’t updated consistently, problems will often arise.

One of the best ways to fund a Buy-Sell agreement is a Business Owned Life Insurance policy. In this scenario, there is a Cross Ownership/ Purchase of Life Insurance policies. In its simplest terms, Cross Ownership life insurance refers to a situation where two or more parties, such as business partners or family members, own life insurance policies on each other’s lives. This arrangement ensures that if one party passes away, the others receive the death benefit to help cover financial obligations, business expenses, or personal needs. While not the perfect solution, these types of arrangements are incredibly useful in helping avoid conflict in the inevitable situation where one business owner passes before the other. All business owners should consult with their estate lawyers and accountants when developing such a plan, to learn more about the tax benefits and proper structuring as well.

Personally, when my father passed away in 2019, there was a partnership agreement with a Cross Owned Life Insurance policy in place. While we did not implement the agreement, which was a choice made by my family and my father’s business partner, the existence of this vehicle allowed a peaceful transition, which led to the eventual sale of our business to a third party. Without this in place, I can only imagine the potential hostilities that may have occurred. Now, in my role at Power Forward Group, I hope to share with my clients the lessons I learned as a member of a family business, and best practices to ensure that our children and grandchildren can continue to benefit as businesses pass in a healthy manner from generation to generation. For Educational Purposes Only – Not to be relied upon as financial, tax, or legal advice.

Registered representative of, and securities and investment advisory services offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044. 800-873-7637, www.htk.com. Power Forward Group is unaffiliated with HTK. HTK does not offer tax or legal advice. Always consult a qualified adviser regarding your individual circumstances. 7167643RG_Oct26

David Chabbott is a community member and financial advisor at Power Forward Group. He graduated Brooklyn College in 2001, and has spent the last 20+ years operating his small family business. David and his wife Aimee love getting involved in their children’s yeshivah, watching their 4 sons play basketball, and playing Barbie with their daughter.

Manhattan Borough President Mark Levine, Rabbi Elie Abadie, MD., and Rabbi Avraham Moyal cutting
the ribbon to launch the E.96th Street campus of The SAM School.

The Stanley I. Chera SAM School (formerly Sephardic Academy of Manhattan) recently celebrated a major milestone with the opening of its second campus at East 96th Street and Fifth Avenue. The ribbon-cutting ceremony marked not only the launch of this landmark building but the continued growth and vision of a school that has become increasingly essential to the Orthodox Jewish community in Manhattan.

SAM has experienced remarkable expansion since its founding, with its early childhood program at 74th Street now serving over 140 new and returning students, including its largest toddler group to date. The new 96th Street campus currently has 50 students in grades K-4 enrolled, creating much-needed space for families seeking an education that combines academic excellence with a deep connection to our Torah values.

Rabbi Elie Abadie, SAM’s visionary founder, was honored at the event for his leadership in establishing this institution, alongside the dedicated educators, board members, and community volunteers who have been instrumental in SAM’s success. Manhattan Borough President Mark Levine attended along with many community leaders, celebrating SAM’s role in filling a critical need in the area.

SAM emerged as an educational institution that not only meets the educational demands of our community but is actively expanding to fulfill future needs. The leadership team emphasized exciting plans for the school’s future, including the launch of a middle school next year, with a high school on the horizon. These expansions ensure that SAM will continue to offer a complete, high-quality education for students, from early childhood through high school. To accommodate families from across the Jewish Orthodox community, SAM will also introduce bus service from Brooklyn next year.

SAM’s expansion is not just a reflection of its success but also a response to the community’s needs for a strong educational institution that honors our Orthodox Jewish heritage while providing a world-class education. As SAM looks toward the future, it remains deeply committed to shaping the next generation of leaders and thinkers.

Standing behind this remarkable achievement are a dedicated board and parent body, with countless individuals who have made this possible. Rabbi Ariel Mizrahi (Rabbinical Leader), Chary Fox (Early Childhood Director), Michelle Dayan (Executive Director), Dr. Rachel Harari (Co-Head of Elementary School), and Mary Peldman (Co-Head of Elementary School) have been instrumental in making the dream a reality. For those interested in learning more about SAM or taking a tour of the new campus, the school encourages reaching out to admin@thesamschool.org for Early Childhood, and Dr. Rachel Harari at rharari@thesamschool.org for the Elementary and Middle School.

William Barthman Jeweler recently hosted a memorable evening in partnership with Bvlgari at their newly-renovated Midwood location. The highly anticipated event showed a deep appreciation for loyal clientele, as well as the organization’s unwavering commitment to exceptional service and selection of fine timepieces and jewelry.

The Brooklyn space has served as a staple in the high-end King’s Highway shopping district since 1998, and it was given a beautiful reinvention more befitting the modern retailer, while paying homage to its rich heritage. Marble and wood construction with bronze and gold accents throughout create a refined ambiance and aesthetic.

Many thoughtful details were added to the space to elevate its hospitality offerings, including more cozy seating options and a sophisticated bar area. At over five thousand square feet, the Brooklyn boutique is able to comfortably entertain many visitors while maintaining an inviting ambiance. Shop-in-shop installations were meticulously designed to showcase the unique character and craftsmanship of prestigious brands including Bvlgari, Breitling, IWC, Hublot, and Tudor.

With its own dedicated area at the far end of the store, Rolex with William Barthman masterfully created a haven for current and future collectors to experience the beauty and distinction of the brand. As part of the elite worldwide network of Official Rolex Jewelers, William Barthman is authorized to sell and maintain Rolex watches, ensuring that every client receives a timepiece that is both genuine and exceptional, as well as the highest standard of service and authenticity.

Alongside the masters of watches, William Barthman lives up to its jeweler status featuring a curation of artisan-designed collections from Italian favorites Roberto Coin, Pasquale Bruni, Damiani, and Chimento. Also available for purchase is fine Baccarat crystal for your gifting needs. Rounding out their offerings, William Barthman has continued to provide top-tier watch and jewelry service and repairs to ensure that vintage and modern heirlooms can be passed down through generations and enjoyed.

After all, the heart and soul of William Barthman lie in their dedication to providing superior service and engagement within the greater New York community. The original Financial District location opened more than a century ago in 1884 under the Barthman family, and carved out its place in history as a luxury retailer that values professionalism and a personal touch at every interaction. Many may know the company for their original monument to timekeeping, the Clock in the Sidewalk. Although the Manhattan location has been moved twice over, the clock still remains at its spot, and is due for a tune-up and return to its unique value in the neighborhood and with timekeeping enthusiasts.

Upon acquiring the company in 1983, Jerry Natkin Sr. has ensured that the operation remains a well-oiled dream-fulfilling machine, now with active involvement from his son Steven and grandson Jerry Jr. Family values and a devotion to preserving the legacy of the oldest retailer of its kind in New York are pillars of the Natkins’ strategy to keep William Barthman relevant and beloved by anyone who walks through their doors in Manhattan or Brooklyn, or even enjoys an online shopping experience via their website. The combined experience of the Natkin family and their expert staff is matched only by their passion for going above-and-beyond with every promise made to customers. The sales staff prides itself on a superb level of knowledge and understanding of product catalogs and customer needs to guarantee that everyone leaves happy and return happier.

With coinciding 140-year anniversaries, William Barthman and Bvlgari set the stage for an evening of elegance centered on the theme “Aging Like Fine Wine.” The attendees were treated to a smorgasbord of delicious Italian aperitivo, mini desserts, and, of course, fine wine. Bvlgari experts were on hand to showcase their innovative collections, and captivated the audience with a special selection of showstopper pieces that are a testament to Bvlgari’s distinctive style and craftsmanship.

The glamorous house of Bvlgari is famous for its fine watches and jewelry, accessories, leather goods, and fragrances, making it a pioneer in many sectors. Now under multinational conglomerate LVMH, Bvlgari continues to position itself as a world leader in creative vision. Working in harmony with partner vendors is a priority for William Barthman to create meaningful moments of discovery for their client family, so expect more intimate gatherings and dazzling affairs from the William Barthman team in the near future.

Guests of the event were also able to view the proud retailer’s newest category offering: Rolex Certified Pre-Owned timepieces. The addition provides an opportunity for customers to own a piece of Rolex history, with each pre-owned watch undergoing a rigorous inspection process to ensure its authenticity and condition. The Certified Pre-Owned collection offers a range of models that are both timeless and contemporary, appealing to collectors and enthusiasts who are devoted to the craftsmanship and heritage of Rolex. William Barthman’s own handpicked collection of non-Rolex pre-owned watches are available in-store and soon to be online as well.

William Barthman remains committed to honoring the values that have guided its hallowed institution since its birth in 1884, and resolves to keep its roots firmly planted in the history of New York no matter what comes its way. World Wars, natural disasters, economic downturns, and acts of terrorism may shake their foundation, but William Barthman stands tall as a beacon of refined taste and community relations.

Magen David Yeshivah Remembers October 7th

On October 7th, 2024, Magen David Yeshivah came together to remember the heartbreaking events that unfolded in Israel. The day was filled with meaningful activities that helped our students connect with Israel and show their support.

Our elementary school began the day by displaying a powerful tribute—a large yellow ribbon symbolizing unity with Israel, surrounded by the names of all the hostages. It was a strong reminder of the challenges our fellow Jews in Israel are facing.

Boys in grades 6-8 participated in a live Selihot prayer at the Kotel via Zoom. This special moment made the students feel like they were part of something bigger, as they joined in prayer with those standing at one of the holiest places in Jerusalem.

In Mrs. Nitza Levy’s class, the girls had the opportunity to meet Raymond “Chef RayT” Tawil, a graduate of Magen David Yeshivah. He shared stories about his many trips to Israel and how they inspired him to get involved with the Sephardic Community Alliance (SCA). A big thank you to the SCA for providing the solidarity pins that were given to all the students, from 1st-12th grade, as a symbol of our support for Israel.

Our younger students also took part in meaningful activities. The 3rd graders joined a special Tehilim project, sponsored by Cynthia and Albert Setton and family in honor of Ruby Setton. Each child received their own personalized Tehilim book, which they will use to pray for peace and safety in Israel, and used it to recite Tehillim together on stage.

In 5th grade, Mrs. Lizzy Mizrahi led a creative project where the girls made a banner with the words “נזכור ולא נשכח” (Remember and Never Forget). It was a powerful reminder that we will always keep the memory of what happened on October 7th close to our hearts.

We also had the privilege of hearing from Mr. Jamie Lassner, Executive Director of the Purple Vest Mission, who spoke to the students about his important work in evacuating disabled people from conflict zones in Israel and Ukraine. His stories were inspiring and gave our students a sense of how we can help those in need.

As students walked into our high school building, they took in banners hanging all over the atrium with names of the 1,159 innocent lives lost on October 7th, and candles of commemoration. They gathered for a school-wide program, organized by Mrs. Margalit Alnatan, which began with words from Rabbi Eli Mansour.

Mr. Morris Missry joined us to speak of the heroism he saw while in Israel on the MDY Solidarity Mission in November and how it inspired the members of the trip to donate an Ambucycle to United Hatzalah.

Dr. Yair Ansbacher, National Security Researcher and expert who works as a Fellow in the Misgav Institute for National Security and Zionist Strategy, told us we need to change our viewpoint to see the miracles of October 7th and that each of our students is a Jewish hero and they will bring redemption.

Hazzan Mordechai Salem set the tone for the day as our students reflected on everything they saw and heard.

These activities and presentations helped our students feel more connected to Israel and showed them the importance of standing together in difficult times. Magen David Yeshivah continues to be a place where our students learn about responsibility, unity, and the power of prayer and action. May our nation know no more suffering, עם ישראל חי! (Am Yisrael Chai)

A Q and A with urologist Dr. Ralph Madeb

What is the prostate gland?

The prostate gland is a small, walnut-sized organ located below the bladder and in front of the rectum in men. It plays a crucial role in the male reproductive system.

What is the recommended screening
age for prostate cancer?

For average-risk men, guidelines suggest beginning discussions about prostate cancer screening at age 50. For higher-risk men, those with a family history of prostate cancer or African American men, who are at higher risk, may start discussions earlier, around age 45. Make sure to ask family members if they or any other relative they know had prostate cancer.

How do you screen for prostate cancer?

Screening for prostate cancer typically involves several methods, each with its own benefits and limitations.

1. Prostate-Specific Antigen (PSA) Test: This blood test measures the level of PSA, a protein produced by the prostate gland. Elevated levels can indicate prostate cancer, but they can also be caused by other conditions, such as benign prostatic hyperplasia (BPH) or prostatitis.

2. Digital Rectal Exam (DRE): During this physical exam, a healthcare provider inserts a gloved, lubricated finger into the rectum to feel the prostate for any irregularities. It’s less sensitive than the PSA test but can sometimes detect abnormalities not picked up by blood tests.

3. Prostate Biopsy: If PSA levels are high or the DRE is abnormal, a prostate biopsy might be recommended. This involves taking small samples of prostate tissue to be examined for cancer cells.

4. MRI : An MRI of the prostate can be used to get a more detailed image of the prostate and surrounding tissues. It’s often used to evaluate the extent of cancer or to guide biopsies. It’s not typically used for initial screening but can be helpful in the diagnostic process.

5. Transrectal Ultrasound (TRUS): This imaging test uses sound waves to create an image of the prostate. It’s often used in conjunction with a biopsy to guide the needle. Like MRI, it’s not usually used for routine screening.

6. Genetic Testing: For men with a family history of prostate cancer or other risk factors, genetic tests can assess susceptibility to prostate cancer.

What are the signs and symptoms
of prostate cancer?

Prostate cancer often develops slowly and might not show symptoms in its early stages. When symptoms do appear, they can vary and may include:

1. Urinary symptoms such as frequent urination (especially at night), weak or interrupted urine flow or painful or burning sensation during urination.

2. Blood in Urine or Semen.

3. Painful ejaculation or pain in the lower back, hips, or pelvis.

4. Sexual Dysfunction such as erectile dysfunction.

5. Other Symptoms such as unexplained weight loss, fatigue or general feeling of being unwell.

In some cases, prostate cancer can spread beyond the prostate gland, leading to additional symptoms such as pain in the bones, swelling in the legs and loss of appetite.

It’s important to note that these symptoms can also be caused by conditions other than cancer, such as benign prostatic hyperplasia (BPH) or prostatitis. If you’re experiencing any of these symptoms or have concerns about prostate health, it’s crucial to consult a healthcare provider for evaluation and appropriate testing.

How can I reduce my risk
of prostate cancer?

Reducing your risk of prostate cancer involves adopting healthy lifestyle habits and staying informed about your health.

1. Adopt a Healthy Diet:

Eat a Variety of Fruits and Vegetables, Choose Whole Grains, Incorporate Healthy Fats: Opt for sources of omega-3 fatty acids found in fish like salmon, and nuts. Limit saturated and trans fats and consider soy products. Avoid Red and Processed Meat as much as possible.

2. Exercise Regularly:

Regular physical activity helps maintain a healthy weight and can have protective effects against various cancers. Aim for at least 150 minutes a week of moderate intensity (30 minutes a day 5 days a week) or 75 minutes of vigorous activity a week.

3. Maintain a Healthy Weight:

Obesity is associated with a higher risk of aggressive prostate cancer. Adopting a balanced diet and regular exercise can help manage weight.

4. Limit Alcohol Intake:

Alcohol consumption can increase the risk of several cancers, so it’s advisable to limit alcohol intake. If you choose to drink alcohol, keep your cancer risk as low as possible by having no more than a few servings per week.

5. Avoid Smoking:

Smoking is a risk factor for many types of cancer. Quitting smoking or avoiding tobacco use altogether can benefit overall health and reduce cancer risk.

6. Regular Health Screenings:

Discuss with your healthcare provider whether prostate cancer screening is appropriate for you, especially if you have risk factors like a family history of the disease.

7. Know Your Family History:

If you have a family history of prostate cancer, you might be at increased risk. Share this information with your healthcare provider to determine if you need to start screening earlier or follow additional preventive measures.

Call the Morris I. Franco Cancer Center/ Medstar Medical Referral at 718-787-1800 to guide and help you find the right doctor for your prostate screening.

A Powerful Anniversary Tribute
to Israel on October 7

On the solemn anniversary of the October 7 attack, the Jersey Shore community and Rabbis gathered to commemorate the tragic events of the past year and pray for the strength and resilience of the Jewish people.

Over 1500 people filled the DSN Beach Club, standing together in support of Israel and reflecting on the profound connection that has only grown since that fateful day. The evening began with a moment of silence, marked by the powerful sound of a foghorn, creating a poignant atmosphere of remembrance. Nechamia Katz’s stirring rendition of Hatikvah followed, filling the air with hope and pride, as all stood united.

Jeffrey Saka began the night, offering heartfelt words of welcome and gratitude. “We feel very fortunate at DSN to host this Night of Unity commemorating the tragic events of Oct 7th. We’ve had so many wonderful programs throughout the year keeping Israel at the forefront. We are so proud of our team and community. The impact is everlasting and far reaching.”

In a surprise guest appearance, renowned singer Yakov Shweky captivated the audience with three deeply moving songs, including Im Eshkachech Yerushalayim (If I forget thee, O Jerusalem), a song that perfectly encapsulated the community’s shared longing for peace in Israel.

Leading community rabbis joined on stage, including Rabbi Shlomo Diamond, Rabbi Saul Kassin, Rabbi Elie Abadi, Rabbi David Tawil, Rabbi Joseph Dana, Rabbi Chaim Arking, Rabbi Joey Dayon, Rabbi Moshe Malka, Rabbi Moshe Doueck, Rabbi Label Shapiro, Rabbi Ari Katz, Rabbi Moses Hidary, Rabbi Yaakov Sadigh, Rabbi Nasanayl Braun, Rabbi Avi Yagen, and Rabbi Ozeri.

Victoria Sutton, DSN Executive Board Member and Chairperson of Beach Club Events & Marketing, orchestrated the evening as it transitioned into a beautiful prayer and torch-lighting ceremony, with prayers for the hostages, the IDF and the State of Israel. A stunning Magen David candelabra, skillfully crafted by Matania Aharonovitz, became the centerpiece as Rabbis lit the candles, symbolizing the eternal light of the Jewish people.

Rabbi Kassin shared inspiring Divrei Torah, recounting past trips to Israel and reminding the audience of the sacred bond between the Jewish people and the land. Rabbi Dayon followed with the introduction of a touching DSN montage video, showcasing the 65 Israel-related events and programs DSN has hosted over the past year, highlighting the community’s dedication to Israel. He concluded, “Throughout our history, putting aside our differences and uniting has always brought about salvation! BH in this merit we will bring the final redemption speedily”.

The audience was especially moved by the words of Yoni Diller, a survivor of the Nova tragedy and activist, who was introduced by Rabbi Shapiro, and shared his powerful story of survival and hope for the future. Yoni later said how he was “deeply thankful for the opportunity to speak for such an amazing and supportive crowd”. Israel Portnoy, a talented musician, then performed Shema Yisrael, bringing many to tears with his soulful performance.

The evening continued as the audience was honored to hear a Divrei Torah from Rabbi Diamond that encouraged reflection and gratitude. Rabbi Braun followed and introduced Bar Reuven, a reserve combat officer in Unit 669, sharing his experiences as a soldier in this elite special search and rescue unit. Nechamia Katz and Israel Portnoy followed with a beautiful duet rendition of Ten Li Tefilah (Give Me One Prayer) and the night concluded with the entire crowd joining together in a rousing rendition of Am Yisrael Chai, a declaration of the enduring strength and unity of the Jewish people.

Special thanks were given to Ricky Esses, who generously donated his expertise in sound and video, and to Marjorie Ayash, whose photos will help capture the evening’s memory.

As attendees waved Israeli flags, the evening’s message was clear: the essence of the Jewish people is unity, and through strength in numbers and faith, there is no limit to what can be achieved. DSN President Lee Zekaria was proud. “Led by our incredible Rabbis, it was so heartwarming to see our community come together on this night”.

Victoria Sutton, visionary of the event, summarized all of the feelings. “Tonight was filled with so many emotions. Being together on this one-year anniversary of October 7th meant everything. Unity and community are at the heart of DSN and since that day in 2023 we have continuously shown our love and support for our brothers and sisters in Israel. Over the past year so much has happened; with more than 65 Israeli events, we feel incredibly blessed to have shared these moments together and will always cherish the wonderful people we have met and the relationships and friendships formed. Our DSN family has grown closer and stronger than ever. BH. May this year bring home the return of all of the hostages, safety for the state of Israel, and peace for Jews around the world.” It was an emotional, inspiring, and deeply spiritual evening. With Hashem’s guidance, DSN and the Jersey Shore community look forward to accomplishing even more together in the years ahead. Am Yisrael Chai!

When I first discovered Sod Haadam, I was going through one of the hardest periods of my life. Everything felt overwhelming, and my adult children were pulling away from me. I didn’t understand what was happening. I had always thought I was doing my best as a mother, but it felt like our connection was slipping away.

From the very first class, Sod Haadam began to shift everything for me. The calming voice reached my heart, and I started to see things from a completely new perspective. I realized my children were carrying their own pain, and I needed to meet them where they were. Through the course, I began to understand them on a much deeper level and was able to rebuild stronger, more meaningful relationships with them. The program taught me the power of my own heart, and by opening up, my expanded heart has the ability to heal and support my children so they can live their lives with a solid foundation, without fear and anxiety.

The course gave me confidence, clarity, and helped me not take things out of context. I learned to focus on the good in my children and help them break through the emotional barriers we had unknowingly built. Sod Haadam came into my life at exactly the right time—when I needed it most—and it completely transformed my relationships.

I highly recommend Sod Haadam to any parent, teacher, or anyone seeking a deeper understanding of themselves and others. It goes beyond what any therapy can offer. It truly changed my life when I was at my lowest.

Sally Shalom is a wife, mother and grandmother living in Long Branch, NJ

The Hidden Truth About Inflation
in Your Financial Life

Ari Baum, CFP®

WHAT IF I TOLD YOU THAT MOST PEOPLE WHO CLAIM TO LOVE WASABI HAVE NEVER ACTUALLY TASTED THE REAL THING? AROUND 90% OF THE WASABI SERVED IN RESTAURANTS IS FAKE, TYPICALLY JUST DYED HORSERADISH WITH SOME ADDITIVES. THIS MIGHT COME AS A SURPRISE, BUT THERE’S A REASON FOR IT—REAL WASABI IS INCREDIBLY EXPENSIVE.

Some farmers charge $150 to $250 for just a couple of pounds of authentic wasabi, thanks to its labor-intensive cultivation. It takes up to three years for wasabi to mature, and it grows only under highly specific conditions, which makes production challenging. Because of this, many restaurants take shortcuts and serve imitation wasabi, offering a cheaper alternative that most diners unknowingly accept.

This story of “fake wasabi” offers an insightful analogy to personal finance: just as many consumers unknowingly settle for counterfeit wasabi, many people also overlook how inflation and subtle financial changes affect their lives. So, what lessons can we learn from this wasabi tale? Let’s explore how understanding authenticity, scarcity, and inflation can reshape your financial decisions.

The Hidden Impact of Inflation—
A Bit Like Fake Wasabi

Even if you’re consuming “fake” wasabi, you’ve probably noticed that the price of your sushi dinner keeps going up. This phenomenon is inflation, and whether you realize it or not, it has a silent but pervasive effect on your purchasing power. Just as counterfeit wasabi seems “good enough,” we often tolerate rising prices by telling ourselves it’s normal—after all, inflation is just part of life, right?

But here’s the problem: even small price increases can have a cumulative effect over time. A sushi roll that cost $12 last year might now be $14. If inflation continues unchecked, those increases will erode your ability to buy the things you need or want, including the essentials like housing, healthcare, and groceries. Just as fake wasabi is cheaper but less authentic, inflationary changes subtly push consumers toward cheaper substitutes—whether that means scaling back on vacations, dining out less, or opting for generic brands.

The challenge, then, is how to maintain your quality of life while protecting your financial future from inflation’s corrosive effects.

Scarcity and Value: Lessons from
Wasabi Cultivation

The scarcity of real wasabi demonstrates a key financial principle: things that are rare or hard to obtain hold greater value. Similarly, in your financial life, the things that are hard to build—like a healthy savings account or investment portfolio—tend to yield the most meaningful returns over time.

The wasabi farmer’s patience, tending crops for years before reaping the harvest, mirrors the patience needed in financial planning. Investments take time to grow, and enduring market fluctuations can be as frustrating as trying to grow a temperamental crop. But the rewards—whether in the form of financial independence or a secure retirement—make the effort worthwhile.

So, how can you apply this scarcity principle to your finances? Here are a few ideas:

•      Focus on long-term investments: Just like wasabi, your portfolio needs time to mature. Stick with it through market cycles.

•      Resist the temptation to chase trends: Just because something seems popular (like a flashy stock or cryptocurrency) doesn’t mean it’s valuable in the long run.

•      Practice financial discipline: Saving and investing consistently, even in small amounts, builds lasting wealth over time.

Beware of “Fake” Financial Strategies

Just as many sushi restaurants offer counterfeit wasabi to cut costs, there are also financial products that masquerade as valuable but deliver disappointing results. For example, some high-fee mutual funds or insurance products might look like a good deal but end up eroding your wealth with unnecessary costs over time.

In today’s world, where financial complexity abounds, it’s essential to seek authenticity in your financial strategies. That means:

•      Evaluating the true cost of investments: Are the fees on your accounts eating into your returns?

•      Avoiding financial fads: Quick wins are often too good to be true—just like cheap “wasabi.”

•      Working with trusted advisors: An expert can help you identify authentic opportunities and steer you away from counterfeits.

Inflation Is Inevitable—Plan for It

Whether it’s sushi or housing, prices are rising across the board. Inflation is often beyond your control, but your financial strategy doesn’t have to be. The key to staying ahead is planning for inflation and making intentional adjustments:

1.     Invest in inflation-resistant assets: Real estate, stocks, and Treasury Inflation-Protected Securities (TIPS) can help shield your wealth from inflation.

2.     Revisit your budget regularly: Adjust your spending to reflect changing prices, and make sure your savings goals account for inflation.

3.     Increase your earning potential: Just as farmers raise prices to reflect the scarcity of wasabi, you may need to negotiate raises or seek new income streams.

Know What You’re Paying For—
In Wasabi and Life

The next time you enjoy sushi, ask yourself: Is this the real deal? And take that same level of curiosity into your financial life. Are you settling for “good enough,” or are you actively working toward authentic financial success?

Just as authentic wasabi is rare and valuable, achieving long-term financial stability requires effort, patience, and intention. Inflation and hidden costs will continue to rise, much like the prices at your favorite sushi spot. The question is, will you let them catch you off guard—or will you prepare with a strategy as thoughtful and deliberate as a wasabi farmer’s harvest?

If you’re ready to cultivate real financial growth—like authentic wasabi—start planting the seeds today. It might take time, but the rewards will be worth it.

Bonus Tip: Next time you’re served wasabi, ask if it’s real. It’s a fun conversation starter—and a reminder that in both sushi and finance, authenticity makes all the difference.

The content is developed from sources believed to provide accurate information. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results. Consult with a financial professional regarding your specific situation.

Ari Baum, CFP® is the Founder and CEO of Endurance Wealth Partners, with over 25 years of experience in the Financial Services industry. He brings his in-depth experience to Conceive. Believe. Achieve. for his clients. Securities and Advisory services offered through Prospera Financial Services Inc. Member FINRA/SIPC. Brokerage and Advisory accounts carried by Wells Fargo Clearing Services, LLC.

Rabbi David Yosef Becomes Israel’s
Sephardic Chief Rabbi

Rabbi David Yosef, son of the esteemed Rabbi Ovadia Yosef, has officially been elected as Israel’s Sephardic Chief Rabbi, marking a significant moment in the continuation of a long-standing family legacy. He is the third member of the Yosef family to hold this influential position, following in the footsteps of his brother, Rabbi Yitzhak Yosef, and their father, who was widely revered for his leadership and scholarship. This appointment comes after a period of intense political negotiations and elections, solidifying the role of the Yosef family in guiding Sephardic Jewry.

The election, which took place after several delays due to political and legal challenges, saw Rabbi David Yosef emerging victorious among three candidates. His appointment was backed by the Shas party, reflecting the close ties between the political and religious sectors in Israel. The election was held by a statutory committee composed of rabbis, public figures, and municipal leaders, all working to ensure the continuity of leadership in the Sephardic community. Despite the political wrangling, Rabbi Yosef’s deep knowledge of Jewish law, his leadership in the religious community, and his connection to the Yosef family’s enduring legacy played a central role in securing the position.

Rabbi David Yosef is no stranger to leadership. A prominent figure in his own right, he has authored numerous volumes on Jewish law and served as the head of a prestigious yeshiva. His influence extends beyond his family name, earning respect from a broad spectrum of Israel’s religious community. In his new role, Rabbi David Yosef will oversee vital religious functions, including marriage laws, kosher certification, and rabbinical courts. These responsibilities hold immense weight in Israel, where the Chief Rabbinate plays a critical role in maintaining religious authority over Jewish life and practice.

This appointment is not just a personal victory for Rabbi David Yosef but also a reaffirmation of the Yosef family’s enduring impact on Israel’s religious landscape. His father, Rabbi Ovadia Yosef, was a towering figure who shaped much of modern Sephardic religious thought and law. Rabbi David Yosef’s election ensures that this influence will continue, providing continuity and stability in a time of change and uncertainty for Israel’s religious communities. As he steps into his new role, Rabbi David Yosef carries with him the weight of his family’s legacy and the expectations of a community that looks to him for religious leadership. His election represents both continuity and the ongoing evolution of Sephardic leadership in Israel. With his extensive scholarship and strong ties to the Sephardic community, Rabbi Yosef is well-positioned to guide Israel’s Sephardic Jews in the coming years.

Ari Baum, CFP®

DO ANY OF THESE THOUGHTS SOUND FAMILIAR?

• “I SHOULD HAVE BOUGHT THAT STOCK BEFORE IT WENT PUBLIC!”

• “I WISH I HAD INVESTED IN THAT TECH COMPANY BEFORE IT TOOK OFF!”

• “WHAT’S THE NEXT ‘UNICORN’ THAT’LL MAKE ME RICH?”

If so, you’re not alone. Many of us experience the “fear of missing out” (FOMO) in our financial lives. It’s that nagging feeling that we’ve missed a golden opportunity, driving us to make hasty decisions that could derail our long-term financial goals.

Understanding the FOMO Trap

Investing FOMO is closely tied to two powerful psychological forces: herd mentality and a scarcity mindset.

Herd mentality: We assume popular ideas are “good” because everyone else is on board. This can lead us to skip our due diligence and ignore contrary evidence.

Scarcity mindset: We overvalue opportunities simply because they seem rare or time-sensitive, often overestimating their potential based solely on their exclusivity.

When FOMO takes over, we’re more likely to:

• Make impulsive decisions based on incomplete information.

• Chase trends, buying high and selling low.

• Take on more risk than we normally would.

• Focus on success stories, ignoring the risks and failures.

These behaviors can set us up for significant losses, heightened anxiety, and even strain our relationships.

One recent example? The cryptocurrency boom of 2021-2022. Investors flocked to coins like Dogecoin, spurred by celebrity endorsements and fear of missing out. The result was a rollercoaster ride of wild gains and steep losses, with many left holding the bag when the hype fizzled.

The Power of Patient Investing

FOMO can be overwhelming, but it doesn’t have to dictate your financial choices. The antidote? Patient investing—building wealth steadily over time with a strategy focused on long-term growth.

Patient investing involves:

• Diversification: Spreading investments across different asset classes to manage risk.

• Index fund investing: Gaining broad market exposure with funds that track indices like the S&P 500.

• Compound interest: Harnessing the power of interest on interest to accelerate growth over time.

Warren Buffett is a prime example of the power of patience. At 21, he was worth just $20,000. He didn’t earn 99% of his wealth until after 50 and became a billionaire at 56. Buffett’s story underscores the value of playing the long game and resisting the siren call of FOMO.

How to Build a FOMO-Resistant
Investment Strategy: 7 Tips

1. Create a solid plan: Base your investment decisions on your long-term goals, risk tolerance, and time horizon.

2. Diversify: Don’t put all your eggs in one basket. Spread your investments to balance risk.

3. Automate your contributions: Set up automatic investments to stay consistent and remove emotion from the equation.

4. Stay focused on the long term: Remember that market volatility is normal. Don’t let short-term fluctuations derail your strategy.

5. Educate yourself: The more you know about investing, the easier it is to tune out FOMO.

6. Limit portfolio checks: Constant monitoring can lead to overreactions. Check in periodically but avoid obsessing over every dip and spike.

7. Take a cool-off period: Before jumping into any new investment, wait 24 hours, do your homework, and seek advice from a trusted source.

Goodbye FOMO, Hello Strategy

FOMO is a natural feeling, but it doesn’t have to control your financial decisions. By staying focused on your long-term goals and maintaining a patient approach, you can avoid the traps of FOMO and build a resilient, growth-oriented portfolio. When in doubt, consult with a financial professional who can provide guidance grounded in experience, not hype.

The content is developed from sources believed to be providing accurate information. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results. Consult with a financial professional regarding your specific situation.

Ari Baum, CFP® is the founder and CEO of Endurance Wealth Partners, with over 25 years of experience in the Financial Services industry. He brings his in-depth experience to Conceive. Believe. Achieve. for his clients.

Securities and Advisory services offered through Prospera Financial Services Inc. Member FINRA/SIPC. Brokerage and Advisory accounts carried by Wells Fargo Clearing Services, LLC.

This past summer, DSN Beach Club was a beacon of entertainment, education, and community unity. With a bustling array of programming, the Club solidified its reputation as the place to be, offering something for everyone, every day of the week.

Besides DSN’s own curated programming, the Beach Club was proud to host events run by the community’s most well-known non-profit organizations to further their missions. SAFE held a Parenting event, featuring Jonathan Haidt, the acclaimed author of The Anxious Generation. Haidt’s visit brought meaningful discussion into the DSN Beach Park, engaging community members in vital conversations about parenting and technology in today’s world. Shortly after, DSN proudly hosted an event for the Sephardic Community Alliance (SCA), honoring 21 soldiers from Duvdevan, the elite Israeli counter-terrorism unit, acknowledging the bravery and dedication of its soldiers with a therapy mission to recharge them.

Other hosted events included Magen David Yeshiva’s High Heat Tournament, ILEAD’s Celebration of their 15th Anniversary Night, Stoop Talks, and Propel Night. Additionally, there was a dedicated Ladies Cards Night supporting community Yeshivot including Hillel, Flatbush, Barkai, MDY, and SAM, as well as special CARE event that drew parents of special needs children. DSN’s Non-Profit Events Coordinator Jen Sasson said, “Our community is great. Everyone came together for different causes and organizations. We are one big family who are here for each other, and we are so lucky! DSN Beach Club is truly the perfect place for us to all come together and unite!”

In August, DSN also rolled out a series of its own events, offering a wide range of programs to cater to diverse interests. The lineup included a thought-provoking book club with Alice Chera, where members delved into captivating literary discussions, and Challah Bakes with the world famous challah lady Suri Juroslawitz, that brought women together in a fun, interactive experience. The film screening of Tragic Awakening provided a cinematic journey that captivated the audience, while singles events at the beach park fostered new connections in a relaxed, scenic setting.

The Beach Club’s Jeli’s became a hub for creativity and fun with its themed character dinners, which delighted both children and adults. Meanwhile, Ladies Bingo Nights, with Joy Assoulin as MC, brought out a fun, competitive spirit. DSN member Danielle Bromberg loved Bingo Night. “I went to Bingo night with my family members and friends. The prizes were unbelievable. We laughed so hard and had the best time. We need to do this all the time!” DSN also had Steven Chera, along with his band, who wowed the crowd with an unforgettable Elvis Tribute Night that had everyone dancing.

The month also saw larger-scale events, including a remarkable NOBEH Night, featuring Ariel Cohen and Jack Hamra with Orchestra by Victor Esses and his ensemble. There was an inspiring evening with actor and Israeli advocate Michael Rapaport, who took the stage with DSN Executive Board Member Steven Kassin to share his experiences and insights, leaving a lasting impression on all who attended. Caleigh Silvera, DSN’s Beach Club Programming Director, remarked, “We are honored by the abundance of accolades received for the outstanding programming this summer. I am truly proud to be part of an organization that brings so much goodness and happiness to our community.”

The Beach Club’s General Manager Keith Acker summarizes, “Summer events at DSN were sensational. With events happening day and night, it was a pleasure to provide the community with a home away from home.”

Victoria Sutton, DSN Executive Board Member & Chairperson of Beach Club Events & Marketing, stated “What a magical summer it’s been at the DSN Beach Club! We are filled with gratitude for our incredible members who supported every program and event, bringing life and energy to the club. Thanks to their involvement, DSN has become the vibrant heart of our community. We’re grateful for the success of this summer and humbled to see all our hard work pay off in such a rewarding way. We thank Hashem for the blessings that have allowed the club to flourish and become what it is today—a place that has exceeded all of our expectations. From the energy that the members brought to the memories we’ve shared, everything came together to create something truly special. Thank you for turning this beautiful project into a cornerstone of our community and making this summer a success beyond our wildest dreams. We can’t imagine our community without it!”  

A Giving Hand is more than just an organization—it is a lifeline for couples grappling with infertility, offering financial and emotional support when they need it most. Founded by Meyer and Golda Ashear, A Giving Hand was born from their own painful journey with infertility. As they navigated their struggles, they felt the profound isolation, the weight of the financial burden, and the emotional toll that infertility can take. They understood that no one should ever have to face this challenge alone, and thus, A Giving Hand was created to extend a supportive hand to couples facing the same struggles. Their mission is clear: to provide the resources and encouragement needed to help couples pursue medical fertility treatments and, ultimately, to bring new life into the world.

Meyer and Golda’s personal connection to infertility makes their work deeply meaningful. “When my wife Golda and I founded A Giving Hand, we envisioned a world where the financial burden and stress of infertility would cease to exist,” Meyer shares. “Our mission is to empower those on this journey to give thaem the support they need to turn their dreams into reality.” They approach each couple not just as clients but as members of the A Giving Hand family, maintaining close relationships and celebrating their progress every step of the way. The Ashears stay in touch, send thoughtful gifts, and constantly pray for each couple’s success. This personal touch is what sets A Giving Hand apart—it’s not just about financial assistance, but about creating a community of support, love, and hope.

Joyce Harari, one of the many beneficiaries of A Giving Hand, knows firsthand the profound impact this organization can have. Reflecting on her own journey through infertility, she says, “If you had told me a year ago that I’d be standing here speaking about my journey, I would’ve said you were crazy. Infertility is such a private struggle, and you often feel so alone, like your body isn’t working, and you’re constantly asking, ‘Why me?’ But A Giving Hand changed that for me.” Joyce’s emotional rollercoaster was met with unwavering support from Meyer and Golda. They not only helped her financially but were also there emotionally, offering friendship, reassurance, and a shared understanding that eased the burden. “Knowing that they themselves were going through the same thing made me feel normal,” Joyce recalls, “and able to not focus only on myself.” It’s stories like Joyce’s that highlight the true essence of A Giving Hand—an organization that not only offers financial assistance but restores hope to those who feel lost.

Harry Adjmi, a passionate supporter of A Giving Hand, articulates the value of the work the organization does. “What you’re doing is critical to couples who are struggling,” he says. “I think $18,000 is cheap—I think a million dollars is cheap—what is it to make a life? A billion?” His words reflect the deep impact that infertility has on individuals and families, and the priceless gift of giving life to those who yearn for it. He emphasizes the importance of the Ashears’ work not just for individuals but for the community as a whole. “You’re doing it for our community. You’re not doing it for some faraway place for people we don’t know.” Harry’s commitment to supporting A Giving Hand is evident in his desire to see the organization continue to grow and help more people. “Please don’t hesitate when the tank starts to get low,” he urges Meyer and Golda. “Call on me and anyone else who believes in what you’re doing.”

Rabbi Joey Haber also speaks to the unique mission of A Giving Hand and the incredible generosity of the Ashears. He paints a vivid picture of what life is like for couples struggling with infertility: “Imagine coming home, and the house is quiet, with no children running around, no toys scattered on the floor. It doesn’t get lonelier than that.” Yet, instead of allowing their pain to consume them, Meyer and Golda chose to extend their hand to others, saying, “We have your back. We will make sure you get to the finish line.” Their selflessness is inspiring, and Rabbi Haber marvels at their ability to take their own pain and turn it into something that brings hope and joy to others. “You’ve already helped 85 couples, and in 10 years, we’re going to look back and see hundreds of babies born because of you.”

The ripple effect of A Giving Hand’s work cannot be overstated. Rabbi David Haber, who has witnessed firsthand the impact of the organization, explains, “In my community alone, there are multiple couples who now have children because of the assistance they received from A Giving Hand.” He reflects on the profound spiritual reward of helping bring new life into the world, echoing the sentiment that saving a life is akin to saving the world. But what about creating a life? The joy and fulfillment that come from supporting a couple through their infertility journey cannot be quantified, but its impact is felt by the couples, their families, and the community at large.

A Giving Hand is not just an organization; it is a beacon of hope for couples facing one of the most challenging times in their lives. It offers not only financial assistance but emotional support, friendship, and the unwavering belief that no one should walk this road alone. Meyer and Golda Ashear’s commitment to helping others through their own personal struggles is a testament to the power of empathy, generosity, and community. As Joyce Harari so beautifully put it, “Without them, my beautiful Rachel Mazal would not be here.” A Giving Hand has already made an immeasurable difference in the lives of so many, and with continued support, it will bring many more miracles into this world.

Chai Lifeline, the Jewish communities’ leading children’s health and crisis support network, is proud to announce the establishment of a dedicated Sephardic Division, designed to meet the unique needs of the Sephardic community and provide culturally sensitive support and services. This new division will extend Chai Lifeline’s comprehensive range of assistance to better serve Sephardic families facing medical crises.

Under the leadership of Jack Tabbush, Director of the Sephardic Division, and with the visionary guidance and support of Joseph Dushey and the Dushey family, along with Jack Braha, this initiative is set to significantly enhance Chai Lifeline’s mission. The division will focus on delivering individualized case management, counseling, educational programs, crisis intervention, trauma response, and community-specific support services, ensuring a culturally resonant approach to aiding families in need.

“The creation of the Sephardic Division is a significant step towards addressing the unique needs of Sephardic families in our community,” said Rabbi Simcha Scholar, CEO of Chai Lifeline. “Staffed by local professionals and volunteers from within the community, the Sephardic Division will offer more targeted and impactful support that will help families as they navigate their medical journeys.”

Jack Tabbush, an experienced leader within Chai Lifeline, has a deep connection with the community and brings years of experience in program management and community service.

“I am honored to lead the Sephardic Division and excited about the potential to make a tangible difference in the lives of many families in our community. Our goal is to ensure that no Sephardic family faces illness or crisis alone,” said Tabbush. “We are deeply grateful for the Dushey family’s unwavering support and visionary leadership, which have been instrumental in shaping the direction of the Sephardic Division.”

To maximize the effectiveness and impact of the Sephardic Division, Chai Lifeline welcomes Debbie Mezrahi as its dedicated Case Manager. Debbie brings a rich background in communications, health, nutrition, psychology, trauma, and bereavement to her role. Her responsibilities include assessing the needs of families, developing comprehensive support plans, connecting clients with necessary services, and providing ongoing counseling and monitoring. She is trained in crisis counseling and has years of experience working in the crisis intervention field.

“Debbie’s deep understanding of the community’s needs will drive the success of the division’s outreach and support programs,” said Tabbush.

The Chai Lifeline Sephardic Division will operate out of its headquarters at 1115 Ocean Parkway in Brooklyn, NY, and will offer programs and services across various locations with significant Sephardic populations, including Brooklyn, Deal, Manhattan, and Lakewood. The division is currently rolling out several new programs, including community outreach initiatives, educational workshops, and expanded volunteer training programs tailored to the Sephardic community.

For more information about the Sephardic Division or to learn how you can support this vital initiative, please visit www.chailifeline.org/sephardic or call 718-475-0002.