Kosher Money

How I Started from $0 and Created Billions


Listen Later

Business 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

...more
View all episodesView all episodes
Download on the App Store

Kosher MoneyBy Living Lchaim

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

759 ratings


More shows like Kosher Money

View all
Orthodox Conundrum by Scott Kahn

Orthodox Conundrum

209 Listeners

Jewish History Soundbites by Yehuda Geberer

Jewish History Soundbites

429 Listeners

The Q & A with Rabbi Breitowitz Podcast by Rabbi Dr Yitzchak Breitowitz

The Q & A with Rabbi Breitowitz Podcast

224 Listeners

Meaningful People by Meaningful Minute

Meaningful People

1,910 Listeners

From the Inside Out: With Rivkah Krinsky and Eda Schottenstein by Rivkah and Eda

From the Inside Out: With Rivkah Krinsky and Eda Schottenstein

249 Listeners

18Forty Podcast by 18Forty

18Forty Podcast

640 Listeners

Behind the Bima by Rabbi Efrem Goldberg

Behind the Bima

559 Listeners

History for the Curious - The Jewish History Podcast by JLE

History for the Curious - The Jewish History Podcast

175 Listeners

Mislaibeled by Laibel Weiner

Mislaibeled

152 Listeners

AND HERE’S MODI by Modi

AND HERE’S MODI

213 Listeners

The Spirit of the Song by Living Lchaim

The Spirit of the Song

80 Listeners

Not Your Typical Podcast with Charlene Aminoff by Living Lchaim x Charlene Aminoff

Not Your Typical Podcast with Charlene Aminoff

107 Listeners

That's An Issue by Living Lchaim

That's An Issue

159 Listeners

Inspiration for the Nation with Yaakov Langer by Living Lchaim

Inspiration for the Nation with Yaakov Langer

1,008 Listeners

The Adventures of Zevy & Zaidy by Living Lchaim

The Adventures of Zevy & Zaidy

34 Listeners

Podcast Therapy with Dr. Z by Living Lchaim

Podcast Therapy with Dr. Z

37 Listeners

The Jewish Grandma Podcast by Living Lchaim

The Jewish Grandma Podcast

18 Listeners

Stories Of Hope With Tzipora Grodko by Meaningful Minute

Stories Of Hope With Tzipora Grodko

194 Listeners

The Parnassah Podcast by Eli Fried

The Parnassah Podcast

22 Listeners