The Future of Lakewood

[shlomoandtam]

[YitzyS]

From Hefkervelt: (emphasis added)

- A viral post on LinkedIn claims that "Beth Medrash Govoha (BMG) in Lakewood, NJ, isn’t just the largest place of Torah learning in the U.S.—it’s also known for producing the highest percentage of male alumni millionaires under he age of 50". There is no data backing up the claim though. The post reads: "Lakewood itself has transformed into a thriving hub of business and commerce, driven in large part by its dynamic and ambitious community.  From healthcare tycoons and real estate moguls to cash advance bankers and crypto gurus, BMG alumni have made their mark in the business world." 

[Euclid]

From Hefkervelt: (emphasis added)

- A viral post on LinkedIn claims that "Beth Medrash Govoha (BMG) in Lakewood, NJ, isn’t just the largest place of Torah learning in the U.S.—it’s also known for producing the highest percentage of male alumni millionaires under he age of 50". There is no data backing up the claim though. The post reads: "Lakewood itself has transformed into a thriving hub of business and commerce, driven in large part by its dynamic and ambitious community.  From healthcare tycoons and real estate moguls to cash advance bankers and crypto gurus, BMG alumni have made their mark in the business world."

I thought there's no exaggeration on LinkedIn

[jye]

I thought there's no exaggeration on LinkedIn

Just a cringe post on so many levels. And the data on Harvard and Wharton is almost certainly made up. No citations. No source. On the BMG side, the claim is about as true as the “Lakewood community in Eretz Yisrael” he is pushing. Exaggeration is kind. More like twisting the facts. Looks like he is counting everyone’s primary residences. Shkoyach.

[Euclid]

Just a cringe post on so many levels. And the data on Harvard and Wharton is almost certainly made up. No citations. No source. On the BMG side, the claim is about as true as the “Lakewood community in Eretz Yisrael” he is pushing. Exaggeration is kind. More like twisting the facts. Looks like he is counting everyone’s primary residences. Shkoyach.

Guy also probably never stepped foot into BMG in his life

[yshad]

Also- what's his point? Anyone who wants to get rich quick should enroll in BMG? Or Jews are rich?

[Definitions2]

Also- what's his point? Anyone who wants to get rich quick should enroll in BMG? Or Jews are rich?

Or that there's no tech giants.
 Pretty obvious why not.

[yelped]

Also- what's his point? Anyone who wants to get rich quick should enroll in BMG? Or Jews are rich?

Since when are you a millionaire if you own a house in a Jewish neighborhood where the prices shot up and you still have a mortgage and ever increasing property taxes and insurance? A very stupid take, no one cares if you're "technically" a millionaire.

[jye]

Since when are you a millionaire if you own a house in a Jewish neighborhood where the prices shot up and you still have a mortgage and ever increasing property taxes and insurance? A very stupid take, no one cares if you're "technically" a millionaire.

And even if you are strictly counting equity (more likely he just made it all up off the top of his head) how in the world does this amount to “they’re definitely teaching something about success in this place that we ought to listen too”?

How to move to high density desirable orthodox Jewish areas?

[EliJelly]

They live in a million dollar + houses and they throw a $100k+ on a wedding (x 10) and they mostly drive leased cars. Most of the country can't afford this so they gotta do something right. For all these haters crying about fuzzy math.

[jye]

They live in a million dollar + houses and they throw a $100k+ on a wedding (x 10) and they mostly drive leased cars. Most of the country can't afford this so they gotta do something right. For all these haters crying about fuzzy math.

Really? Harvard graduates in their 40’s (20 years post graduation) make a MEDIAN salary of 170k each. That’s a LOT of disposable income for a couple with their dog, maybe 1.5 kids and no frum life costs to pay. Do you really think BMG grads on average have more disposable income than Harvard grads?

https://www.usnews.com/education/best-colleges/articles/how-much-is-an-ivy-league-degree-worth#:~:text=On%20average%2C%20Ivy%20League%20graduates,for%20more%20than%201%2C500%20schools.

[EliJelly]

Really? Harvard graduates in their 40’s (20 years post graduation) make a MEDIAN salary of 170k each. That’s a LOT of disposable income for a couple with their dog, maybe 1.5 kids and no frum life costs to pay. Do you really think BMG grads on average have more disposable income than Harvard grads?

https://www.usnews.com/education/best-colleges/articles/how-much-is-an-ivy-league-degree-worth#:~:text=On%20average%2C%20Ivy%20League%20graduates,for%20more%20than%201%2C500%20schools.

I was expanding the irony of basing wealth assumptions on a certain lifestyle which is in fact the result of NOT learning proper financial and budget responsibility. (Not limited to Lakewood or BMG, same or worse can be applied to Brooklyn). 

[jye]

I was expanding the irony of basing wealth assumptions on a certain lifestyle which is in fact the result of NOT learning proper financial and budget responsibility. (Not limited to Lakewood or BMG, same or worse can be applied to Brooklyn).

Aha

[YitzyS]

Before you ask, no, it is not me.

[MHP]

Before you ask, no, it is not me.

why would we think its u

[Euclid]

why would we think its u

His online moniker is Yitzy Stern. IRL his name is probably Chaim Boruch Tzvi Rabinowitzstein or something