A Successful Businessman Shares His Playbook on How to Give Back | KOSHER MONEY

What would you do if you woke up and suddenly had hundreds of millions of dollars in the bank? Meet Bentzion Heitner, a hard-working Canadian businessman and philanthropist who sold his business for many hundreds of millions of dollars not too long ago. Since then, he’s given millions away to charities across the world. He’s lived in New Zealand, Australia, London and has been in Toronto since 1981. Oh, and he married a girl from Austria for good measure. You’ll notice his unique accent as a world traveler. Mr. Heitner shared what inspires him, as well as the challenges he faces in the relatively unique position he is in. He gives so much of his money away, which makes him the perfect person to speak to about how to give charity, the connections he makes along the way, why he gives and where. He also dropped valuable advice for those who want to create a SUCCESSFUL business. If you have comments or feedback that you'd like to share with Bentzion Heitner, you can reach his team at [email protected]. Time Stamps: 00:00 Podcast Ep. Intro 01:08 Mr. Heitner's Early Journey 02:48 Learning from Failure 03:49 Selling the Business 05:20 The Toronto Community 06:15 Advice for Young Entrepreneurs 14:27 Twillory 16:51 An Inside View on Giving Charity 21:14 The 2 Types of Giving 22:20 Mentorship/Involvement Beyond a Check 26:04 The Challenges of Giving (with tips) 29:49 The Donors' Fund 31:26 Do "Small" Donations Really Help? 34:09 Behind the Scenes of Giving 37:20 How to Give a Gift 39:18 Are Marketing Campaigns and Dinners Needed? 43:11 Colel Chabad 45:09 Choosing and Trusting a Cause 47:11 How to Raise Generous Children 48:23 Does Charity Pay Back Dividends? 50:53 Reflections on Daf Yomi (daily Torah portion study) 54:21 Closing Remarks 57:34 Podcast Ep. Outro 58:49 Living Smarter Jewish ✬ SPONSORS OF EPISODE 65 ✬ ► TWILLORY: Get $18 OFF your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI (which means 18 in Hebrew) at https://Twillory.com/KosherMoney - Limited Time Offer, On a $139 Purchase. ENJOY! ► THE DONOR'S FUND: More and more people are using this banklike system for charity, especially for year-end tax deductions. Takes less than 60 seconds to create a free account, deposit money and immediately receive a receipt. The best part? You can then allocate that money to charities NEXT YEAR (and beyond). Sleek mobile app. Sign up here: https://thedonorsfund.org/koshermoney ► COLEL CHABAD: Please help Israel as they need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! They're counting on you. ► SPECIAL SHOUTOUT to Motty Meijer who helped make this episode a reality. If you're in the market for promotional items or uniforms for your business or organization, consider Motty's Head to Toe Promos and Head to Toe Uniforms: • https://www.headtotoeuniforms.com • https://www.headtotoepromos.com/ ✬ Donate and Inspire Millions (Tax-Deductible) ✬ Your generous donation enables us at Living Lchaim to share uplifting messages globally, enrich lives, and foster positive change worldwide! Thank you! 🙏 ➡️ https://www.livinglchaim.com/donate ____________________________________ Follow Kosher Money on social media: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Follow Living Lchaim on social media: 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 feature: 🇺🇸 USA: (605) 477-2100 🇬🇧 UK: 0333-366-0154 🇮🇱 ISRAEL: 079-579-5088 Need financial guidance? Get help from our awesome friends at https://LivingSmarterJewish.org/ WhatsApp us at 1-914-222-5513 - we love feedback, legit! Subscribe to our YouTube channel for more great content! :) Oh, and again: all investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes and videos should be construed as investment advice. BONUS: Listen to Rabbi Naftali Horowitz's fire speech at the 2024 Toronto Jewish Network conference - https://www.torahanytime.com/#/lectures?v=276060 #podcast #money #business #charity #koshermoney