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D’var Torah Parsha Miketz and Hanukah Great Lessons for People and Businesses

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The lessons from this week’s Torah Portion, Miketz, are an important economics lesson. The story is well known, Joseph’s imprisonment ends when Pharaoh dreams of seven fat cows that are swallowed up by seven lean cows, and of seven fat ears of grain swallowed by seven lean ears. Joseph interprets the dreams to mean that seven years of plenty will be followed by seven years of famine and advises Pharaoh to store grain during the plentiful years.

The first lesson, which is actually an important lesson in financial literacy, is to save to ensure you have enough for the future. We often begin teaching our children to save, not to spend everything, but, we often forget about that lesson as we are buying cars and homes and other items that are deemed essential and we forget to put away money for when times may not be as good in the future. Three years ago, the economy, for many, was very good and growing. Investments were up, salaries were growing and many people spent money. Along comes a pandemic and the economy screeches to a........

© The Times of Israel (Blogs)

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