One-Page Wealth: David Nassief on Going from Fired at 63 & Nearly Broke to Millionaire by 69

David Pasqualone: Hello, friend. Welcome to this week's episode of the Remarkable People Podcast with David Nassif. You are going to hear his story of how he went from being a career employee who did well, but he made money, he didn't build wealth. And at 63 years old, he was let go from his job and didn't know what to do. He was near broke.

But within a few short years, he now became a millionaire, and he's spending the rest of his time teaching others how to do it as well. So in this episode, you're going to hear how he, in his opinion, failed as an entrepreneur twice in his life, how he failed as an employee, he felt, when he was let go at 63, but how he learned the hard way and the fast way how to recover and how to trust himself and what God taught him to not only create money, but to build [00:01:00] wealth.

So you're going to get all this and more right now!

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David Pasqualone: Hey, David.

How are you today?

David Nassief: I'm doing great, David. I'm thrilled to be here with you.

David Pasqualone: Oh, it's a true honor. I just took about 60 seconds and told our listeners a little bit about you in this episode, so we're all pumped to hear it. But just right out of your mouth, from the source, if someone's going to spend the next 30 to 60 minutes together with [00:02:00] us, what do you guarantee they're going to get from this episode that they can apply to their own lives and have even more benefit?

David Nassief: I think the number one thing is simplicity. So many people talk about personal finances and how complicated it can be and how you need all these advisors and these experts, and it's really not. It's really quite simple. And I found out the very, very hard way that lesson, and I think at the end of this show they're going to find out, "Hey, I can do this, and I don't need to have a huge paycheck to be able to get financially independent at the end of my career.

I, and in fact, I can accelerate that time period to be able to g- get financially independent way before my career is over." So I hope that's what they're going to get, and I believe that's what they're going to get by the end of the show.

David Pasqualone: Awesome. I am excited, so let's do this. Everything that happens to us in life, good, bad, ugly, pretty, pretty ugly, it makes us the people we are.

So what is your origin story, David? Where are you from? What was your upbringing life? And just work us through to today [00:03:00] and where you see, where you want to share.

David Nassief: Sure. I'm from a small town in Ohio called Ashtabula. It's right on Lake Erie. I could, in the summertime we could walk down to the, the beach every day if we wanted, and it was a great, perfect...

I hate to say perfect childhood, but it was a very good childhood. I had wonderful parents, wonderful family, and I enjoyed every minute of it. I graduated from college, went and got married eventually, moved to Texas for a while, and have a wonderful wife and we have a son. He's an adult son now.

And it's just... I couldn't be... I was m- I couldn't be more blessed with my family. I just love them, and it's wonderful. But something happened to me when I was 63 that I wasn't expecting, and it turned my world upside down. And maybe, I could maybe br- mention that right now. When I was 63, I had just got fired after 18 years with the same company.

I did not expect it, and when I did the math it was brutal, David. If we drained all of our savings and all of our retirement, we were scheduled to be broke by 65. At this point I'm thinking, [00:04:00] "Who is going to hire me at my age?" But I'll tell you, that wasn't the hardest part of it. The hardest part was driving home thinking, "How am I going to tell my wife, Mary?"

We had been married for 30 years at this point, and she did not deserve the mess that I just threw our life into. So anyways, after weeks and maybe months of dead-end job searching, I'll be honest with you, my heart wasn't in it. I did not want to go back to the corporate world. I just w- But I had to put food on the table.

I had to keep a roof over our head. I didn't have the luxury of just sitting back and saying, "Okay, I'll just retire early." That wasn't an option for me. And so I just... and when I was interviewing, David, it was funny. First of all, I could barely get an interview. Let's put it that way, okay?

But then when I got the very few interviews I got, their reaction was pretty much... Now, much more professional and polite, but they basically said, David, the company that fired you, they did the right thing. You're of no value anymore to us either." You know what I mean? Again, they were very professional about it.

But, and so I'm realizing at this point no one's going to hire me. And then I thought maybe I could start my own company." But David, I had a history in my 40s of [00:05:00] trying to start a company twice. One time plunged me into a deep six-figure debt, and the other time it didn't last very long at all.

And so I'm a proven track record of I can't be an entrepreneur 'cause I'm, I fail just terribly, and I can't be a corporate employee anymore, an employee, 'cause they don't, nobody wants me. And so here I am, I feel like I'm battling two David and Goliath fights here at the same time 'cause I couldn't get a job and I couldn't start my own company.

But anyways, after a while I said, "Okay, this has got to stop. I'm not going to, I'm not going down this way. There's no q- way I'm going to let my family experience this kind of a ending to our life situation." So I decided to take a huge risk and went to work as an independent sales agent on straight commission.

No salary, no safety net, no benefits. The first months were absolutely brutal. Cold calls, constant rejection after rejection. Everything was rejection. I was like doesn't anybody want anything I'm selling here?" But finally I... looking back now, David, I can say this because I honestly believe all that rejection, all that resistance I was [00:06:00] ne- getting was necessary for me to build the mental muscles I needed to punch through that dark period of my life.

10 months later- I achieved an incredible milestone. I was suddenly making more money than my good-paying corporate salary. And for a brief moment, I thought, "I made it." But then I realized I didn't make nothing, because for 40 years I was making decent money, and look where it got me, on the verge of financial collapse.

So I says, "I got to do something different here." And I didn't have time for a bunch of investment theories and people on commissions trying to make money off me, so I dug in myself. I read 21 books on personal finance, listened to 13 podcasts faithfully. I read blogs, newsletters. Every time I had a good idea, I'd put it on a piece of paper, kept writing them down.

Then I kept refining it and refining it until I got everything on one piece of paper, a set it and forget approach, 'cause I didn't have time to watch Wall Street. I had a company to run. And so anyways, six years later, I did what I thought was impossible. From terrified, and I do mean terrified of being broke, to a seven-figure [00:07:00] portfolio and real financial freedom.

David, I now know it is never too late to rewrite your story. 'Cause if I can pull that off starting as late as 63, I believe anybody can with the right direction, and I truly believe that

David Pasqualone: I agree as well and I've seen other people do it. And, when one person can do it, other people can do it, and it breaks more than anything that mental bar holding you back, right? Absolutely. That invisible bar holding you back. In any kind of sport, somebody can't run a mile faster than six minutes, and then that goes for years, and somebody gets six minutes, and nobody can do it in five minutes, and 20 years later somebody does.

And then now it's 18 people a day are doing four-minute miles, right?

David Nassief: Yeah.

David Pasqualone: So let's talk about that. You got somebody, their life, they're 49 years old, they're 69 years old, they're 29 years old, but they're restarting. Where do... Just like you. You're in your 60s. You [00:08:00] were trying to figure out, how do I retire my family and end at the top?

Where did you start, or where, what's a checklist of one, two, three?

David Nassief: I tell you, I, what I'd like to share is, if possible, 'cause it goes along with what your question is w- what brought this all about, and how did I even come up with this, okay? And I'll just tell you, it's a very brief but true story.

Scientists at the Max Planck Institute did an experiment. They placed people in the center of a dense German forest, and they told them to walk in a straight line to the edge. Now, these were all confident, capable people, but when the clouds covered the sun, the GPS tracking they were wearing showed they were gradually starting to walk in circular motions 'cause they lost their point of reference.

S- some of the people were actually ending up right where they began. But every one of them was absolutely convinced the entire time they were walking in a perfectly straight line. David, that is my life story. For 40 years, I was working hard, making good money, doing what I thought was the right thing when it came to building wealth, investing, but absolutely I was just walking in financial circles.

[00:09:00] That's when I said to myself, "I need a compass," but not a metal compass like travelers use. I needed a one-page compass that would give me that 30,000-foot view that I needed to stay on track. 'Cause David, I don't know about you, but I'm the kind of guy , I get distracted really easy with shiny objects and hot tips, and I'm off to the races in the wrong direction, and apparently I did that for 40 years, because it got me nowhere financially.

I couldn't afford to do that anymore, David. My runway was too short at 63. It's more like a helicopter pad than a runway. I didn't have the time to make those mistakes anymore, so I needed a compass to keep me in the straight and narrow when it came to building wealth, 'cause there was no more time to fool around like I had, apparently, for 40 years.

And that's when I decided I need to make it, and that's when I created it through the, all those podcasts and all those- books and all that kind of thing. I kept putting these ideas down and I kept saying, "I've got to get them on one piece of paper 'cause I don't have time to make all this analysis of Wall Street" when I really had a company that was, I had to make sure this thing took off, and so [00:10:00] that's how it began. And I would think anybody would need some kind of direction like that if they're going to get there in a more straight line than all that crookedness, going in circles, stuff like that, if that makes sense.

David Pasqualone: Yeah, 100%. So you and I talked before about this one-page checklist.

Where can people get that and pick it up?

David Nassief: Yeah. I'll show it to you right now and they can get it on my website called... It's free. There's no obligation. There's no commit. It's onepagewealthcompass.com. You can download it. Just put your email in and they'll get y- you'll get a regular email from me, give you coaching tips.

But this is the piece of paper that took me from 63, and nearly broke when I first developed it, it took me about 10 months to really develop it, to 69, where I was a, a millionaire, and then now a multimillionaire with just... 'Cause I'm still doing this. I still... And this is not like, "Oh, I did that before and I'm over that."

No, I still stay... I need a compass because I still can get off track, and that's kinda how it goes. If you want, I could just briefly show it, Tim, how it works, okay, real quickly. Yeah. Basically- Walk us through it because, David- Okay ... you and I know everybody says these things, but they've never done anything in their real [00:11:00] life themselves.

David Pasqualone: You have. Yeah. That's why you're on the show. Yeah. And then there's a lot of motivational speakers who are world famous, and they've never worked a day in their life, and they're r- just regurgitating research somebody else did. Yeah. So our audience loves real facts. Yeah. So I'm listening at 49. We have listeners who are in their 60s.

We have listeners in their 20s and 30s and 50s, everywhere in between, right? Yeah. We're all like, "Okay. How do I do this?" Yeah. So how do you walk us through, brother?

David Nassief: The nice thing about this, this is not age dependent. If, whether you're 63 like I was, or you're 23 like a lot of young people listening to this talk it pretty much works for anyone 'cause a compass works, it doesn't matter about age.

Basically, I, it's two columns. One is the nine trail markers. This is the step-by-step process you need to get to financial freedom. Now, people tell me David, where does everyone start at when they're just try-" there's no p- I can't answer that question because it depends on where you are.

There are some people who their income and their career is the problem, some people-

David Pasqualone: And actually, hey, hold on one second, David. Sure. Sure. Ladies and gentlemen, I don't think I've did this in, since 2018 when we started the [00:12:00] podcast, this is the first time I think I've ever had this thought. I want you to look in the show notes, pause this video, look in the show notes, click the link to download David's- One page, wealth Compass, and then come back to this episode and push play. That way you can be looking at exactly what Dave's talking about, unless you're driving. Don't do that. Yeah. That's not safe. And then that way- Yeah ... he's going to go through the steps, and whether you're listening or watching, you're going to really understand what he's saying.

So with that said, David, people just pause. They just download it. They have it in front of them. Take it away, my friend.

David Nassief: Okay. I started with career and income because, David, when I read those 21 books, okay, and listened to those podcasts, they rarely talked about your income. 'Cause I think they figured if you're looking to build wealth, you must already have a good job or you wouldn't be looking at it, that's not true, David. There's a lot of people who are underemployed, underpaid, underappreciated at their jobs, and they really are stuck, and that's the first thing you want to fix if you can, and I show them exactly. My first two [00:13:00] chapters are devoted to how I did it. The one thing I was good at m- over the 40 years is I was good at making money.

I usually made above average income. I was terrible at building wealth. I was, like, disgustingly bad at that. But I was good at making money. So a lot of people, they need that help, and that's why I made this number one. Now, if there's somebody has a good job making good money, then you can skip number one and go right to number two, then go to number three.

You're not going to think... Here's another one on here. I won't read them all, but it's debt freedom, okay? That's a really important one. If you're in consumer debt, like credit card debt or car debt or student loan debt, I tell you, one of the best investments your listeners can make is getting out of that debt.

'Cause if they're paying 18% or 20% or 15% interest, they automatically got that freed up from themselves and they stop doing that. They s- they stop making negative interest. They can make positive interest, okay? Here's another trick that I found. I questioned everything, David, when I did this. There are so many gurus out there, and they're good.

I'm not... There's not... I'm not putting down anybody. But I'm saying, they have these dogmatic rules they've been s- [00:14:00] preaching for 20 to 30 years, and I didn't believe any of that, David. I questioned everything, and I did the math on everything. My degree's in accounting, okay? I did the math on every single thing, and I said, "I can't just take anybody's word.

I don't care how famous they are." And here's a little mistake I found they made, okay? After you get out of debt, the next thing they sa- tell you to do is build a three to six months emergency fund, which by the way, I agree with an emergency fund. I think it's a really smart idea, and I do it myself, okay?

Then they say, "After you build the emergency fund, then start investing." Here's what I did, David. I checked the math on that. Say a 25-year-old says, "Okay, I'm in student loan debt. I'm in credit card debt," or whatever, and he gets out of that debt finally. It takes him however long it takes him. Then he needs to build a three to six months emergency fund.

How long do you think it's going to take the average person to do that? Probably at least a year to get a three to six months emergency fund, okay? So now he's out of the market for a year after he gets out of debt. I f- did, what I did is I [00:15:00] fast-forward for 40 years when he's 65. That would have cost him about a half million dollars staying out of the market in that early stage because he was building his emergency fund because said I have to do that first, okay?

No. Here's my... On my compass it's different I say you just got out of debt. You just freed up all this cash flow. I say you can do them both at the same time. Start investing and start building your emergency fund, 'cause you have no more car payments, no more credit card payments, no more student loan payments, and let's get them both in place.

Don't pause that investing for a whole year or even more in some cases, and then regret it when you're 65 and saying, "Okay, I'm now a half million dollars or a million dollars short." That's the kind of things, when I did this analysis, David, I found little tweaks like that, that I corrected in my book and on my compass, because people don't need to be half a million dollars out of, out of the market, that kind of thing.

Does that make sense? And there's more things. I don't know how much you want me to go, but let me go over the other side of the column, 'cause this is important. The five doors-

David Pasqualone: Actually, I, you, hey Oh ... if you have time, our listeners love going through the [00:16:00] details. Oh, okay, that's fine. You're doing a fantastic job.

Okay. It's getting me fired up inside.

David Nassief: Okay, I just

David Pasqualone: don't want to bore

David Nassief: anybody with a lot of details.

David Pasqualone: No. The Bible says the borrower is servant to the lender.

David Nassief: Yep, that's

David Pasqualone: true. And I hate debt, and I don't believe in it. And then when it comes to you saying, pay things off 100%, but then that nest egg, especially if you're younger I think you should start investing, get the nest egg as fast as you can, but it can get discouraging.

Because you could have a five months of the nest egg you've been planning on, and then a tooth goes bad, and that nest egg's, five grand less. That's right. So I agree with you where maybe do things twice or, if you got a, a spouse and children, you got to be more conservative. But man, if you're single, you could live out of your car or your friend's couch.

Take a risk, right? Exactly. So go on- Yeah ... with what you're saying.

David Nassief: A- and want to, I want to point that out to you, Dave. Emphasize what you just said. Even if you have a spouse and kids, okay, you can do a little bit of investing. You don't have to put the whole, truckload of money in there and we're going to just...

no. Normally they say [00:17:00] 15%, but what's wrong with 10% if you're young and getting started? What's wrong with 8% if, I'm just saying do something. Take that step in the right direction. Don't postpone that for a year or two or three. Like you say, the tooth goes out or the car breaks down, now you have to postpone.

And all of a sudden you're four years into it and you haven't even started investing yet. That's going to cost you over a million dollars, I promise you, when the time you're 65. So I thank you for saying that, no matter what age. Okay the, so that's the wealth accumulation, smart protection fund. The pre-funds, this is something that, again, they don't talk about.

There's a thing called sinking funds. I hate the name of a sinking fund 'cause it sounds like your money's going into a black hole. I call them pre-funds, okay? Now, what pre-funds are is say you want to go on vacation without going into credit card debt or say you want to, buy a special gift or do something, make an addition to your house, something like that.

What th- what they recommend, and I recommend, is start making payments before you do it to yourself, okay? Put them in an account, make payments to yourself. And then when you- When you want to do that thing, you don't have to go into debt anymore. You can just pay for it in cash, and you can get [00:18:00] a much better deal usually in most cases like that.

The thing about that is when people talk about that, they don't divide the prefunds into two pieces, David and I think it's critical. One is the luxuries and the fun prefunds, and then one's the non-negotiable must-dos. What I mean by that, I'm talking about your car insurance. You can't pause that, okay?

You got to pay the car insurance when it comes due. I'm talking about your taxes on your mortgage. You can't pause that. And so what a lot of people say, okay, if you get an emergency, you got to pause your prefunds or they call them sinking funds. That could cause more emergencies now because now you're pausing your car i- insurance, you're pausing your other things that are critical, and now you g- now you're in two, two problems of debt.

I say divide the prefunds into two pieces. One the fun ones and the ones the required ones. And when you hit an emergency a- and you got to pause those prefunds, you can pause the fun ones, but you can't pause the necessary ones or you and your family are going to end up as another... It's going to be a compounding [00:19:00] nightmare, like a rolling nightmare that's going to never go away.

And so no one's said that. I've never read anybody saying it that way, but you got to break them into two pieces, so this way h- that if that makes sense to you.

David Pasqualone: Yeah, 100%. But what- 'Cause if you cancel your health insurance and then- Yeah ... a, an appendix goes out- Yeah ... you might be in debt for frigging 30 years.

David Nassief: Yep, yep. I went to the emergency room for, it was a stupid reason, but I had to go to the emergency room, oh, about a year ago. It was a $40,000 expense, and they didn't do nothing but... They did an MRI and that kind of thing, but my insurance covered it. I only had to pay 100 and some dollars out of it, but I'm just saying that's what you're...

What you're saying is so true. You can't pause that stuff, okay? The mortgage freedom. Now, we both said we don't like debt, but there's one debt I'll say, "Okay, this makes sense," and that is a mortgage, and I think you agree. I

David Pasqualone: agree, and I do want to clarify. Yeah. I agree with that if, like I have a mortgage on my condo.

David Nassief: Yep.

David Pasqualone: And it was at, the Trump's era the first time. It was like 2.75%. Absolutely. So I literally, it's like getting paid to have a mortgage. [00:20:00] Yeah. So yes, there are exceptions to everything. Yeah.

David Nassief: But- Yeah. But I don't... My, what I say in my book is- But to do it right, don't become house poor.

So many people, they let their emotions buy the house for them, and then they all of a sudden they find out they have no money to live. Life becomes... It's like they're a prisoner in their home, and then if something goes wrong, they don't even have the money to repair it, and all of a sudden they're... This house.

So buy the house in the right way, and yes, you can go into debt for the house, but if you do it responsibly like you're talking about and that we talked about in the book. Then the evergreen portfolio, we talk about that, and that is once you're out of debt, once you're out of mortgage debt, once you're out of every debt, you can accelerate that investing now.

The kids are probably maybe grown more and you don't have those, you know, all the expenses you have, and now you can really pack money away in terms of real building significant wealth. And then the financial freedom number, I show people how to figure their financial freedom number. It's so easy.

It's not complicated like the financial people want to make it. And then you can know your target the whole time you're on this path, 'cause it's nice. I don't want to be on a path here and [00:21:00] never see the target. I like to know the exact target and what's that dollar amount, that how does that work, that kind of thing.

And so it talks about that. But the other side of this compass, it's really important, it's... I can't emphasize. These are the five North Star principles. Now, these are technical steps on the one side I just went over, the nine trail markers, but these are the things that keep you focused in the right direction.

One of them is live on less than you earn. If your listeners, if anybody doesn't figure that out, David, I don't care what book they read, I don't care what anything they, seminar they go to, they are always going to be struggling living paycheck to paycheck if you are not living on less than you earn. I don't mean living like a monk.

I don't mean living, in your car. I'm talking about just below your means, not at your means or above your means, okay? Because too many people are living above their means and they're wondering why they're in so much credit card debt, why they can't make ends meet. Because they're living beyond their means.

And if you don't get there, debt freedom is another one And

David Pasqualone: actually go back to that for a second. Sure. I really... That's a huge problem in our world- ... but especially within [00:22:00] America. And what David's saying is live, you've heard maybe say live below your means, live within your means. Yes. But basically say you need a new car or you need a car.

Yeah. You don't need to go buy a new car.

David Nassief: Exactly.

David Pasqualone: Okay? Yeah. You actually will get a fantastic automobile or truck, SUV, Jeep, whatever you want to buy, if you buy it two years old, 'cause somebody else ate massive depreciation and now you're still getting pretty much a brand-new vehicle. You can buy used vehicles.

And I actually had a friend of mine kinda make fun of me. He's like, "Why do you drive old cars?" I'm like, "Because number one, I don't care what people think of me, and number two, it does the same thing." I've had new cars, but you know what? They drive just the same. And I can't put my feet up on the dashboard and smoke my cigar and not feel guilty-

when I'm in a really high-end vehicle. People can make fun of me all they want. That's right. But it's paid for and my money's doing other things. Yeah. It's working for me just, But there's other [00:23:00] people who have $600, $800 a month payments. That's suffocating.

David Nassief: It is.

David Pasqualone: And you can get yourself in real trouble, like Dave was saying, David was saying how he lost his job.

I, I don't, I work for myself now, but I could lose my job. David can lose his. You can use yours, and if you're stuck in that situation, now what? That 800 bucks is groceries and rent or a mortgage payment. Dave? Or am I off?

David Nassief: Yeah, no, you are so right. And Dave, let me just...

This is such an important point you're bringing up, 'cause I know some people are listening right now and they go if I made m- as much money as David or David makes, I could do all this, but I can't live below my means. I barely can make my means." Let me tell you why that's a lie, 'cause this is important to understand.

The NBA, the average NBA player makes over $10 million a year. David, I didn't say $10 million in his career, I said in a single year. But after five years of retirement, 60% of them are broke according to the Netflix documentary Broke. And the NFL is even worse. After only two [00:24:00] years of retirement, 78% of them are bankrupt or in serious financial stress, and that's according to Sports Illustrated.

Now, let's compare that to Dale Schroeder, a basketball-loving carpenter who made below average income his entire career. He, but he chose to live on less than he earned and invested different wisely. He ended up with a $3 million portfolio. That's more than most of the NBA and most of the NFL players end up with after three to, two to five years of retirement.

So please, when people think they don't make enough money to live below their means, it is a lie 'cause it doesn't matter what level of income you have, you either follow the principle or you don't. And it's a principle, it's not a dollar amount that you have to make to do that. And I found out the hard way, 'cause I, like I told you, David, I made good money most of my 40 years, and look where it ended me, on the verge of financial collapse.

Once I did the compass, I'll, I had a light bulb moment. I realized something. Making money [00:25:00] is different than building wealth.

David Pasqualone: Yeah. I made money- That was a great quote I heard you say earlier. Oh. Say that again, David, and ladies and gentlemen, listen to that massive truth.

David Nassief: Making money is different than building wealth.

And why I say that is because for 40 years I made such good money. And you know what lie I believed, David? I believed if I make good money, I know money." W- how could I not know money because I make all this money, most of the time I was a six-figure income. But that's a lie.

It's just like the NBA players, the NFL players. Just because they make ridiculously high money doesn't mean they know how to build wealth, and the first step is living below your means. For 40 years, David, I lived at my means, okay? I, I, in the beginning I live above my means, but then I got smarter, but I live at my means.

So that's no good either because if you live at your means, you have nothing left over to invest. You have nothing left over to build wealth with. So you have to actually live below your means, and I, believe me, we did not live like monks. We did not live, out of our cars. We lived a decent life, but it wasn't as flashy as it could've been, [00:26:00] and I'm grateful for that.

I'm really grateful for that.

David Pasqualone: Yeah. So now go on to the- Okay ... next step in the puzzle.

David Nassief: Okay. W- we did the less than you earn. Debt freedom, which we've discussed, but it's just if you're in debt- That is mathematical proof you are living beyond your means. I had one... I was on a podcast once and someone was I have to object to that because what if it's like a medical thing and, you couldn't help that?"

I'm not saying it's your fault. I'm just saying you're living beyond your means. I'm not saying that, shame on you. Some people live beyond their means because it's a me- medical issue or a child has it, whatever. But I'm just saying whether however you happened, it's still living beyond your means.

I'm not making a moral judgment here, I'm just saying. Now, for some people, they're living it 'cause they're living a crazy lifestyle. Other people, they've just hit some really issues. So I'm not judging anybody, but I'm just saying the fact is if you are in debt, you are mathematically living beyond your means,

David Pasqualone: period.

Yeah, and again, there, there's always exceptions. Yeah, exactly. David's talking about the generality. Yeah. Most people are like, "Man, I don't make enough money. I'm struggling." [00:27:00] Yet they pay $200 a month for cable, $10 a pack of cigarettes. Yeah. Alcohol. I love cigars. I smoke cigars. Yeah. But when I was struggling for money, I didn't smoke any cigars.

You know why? 'Cause I had to use the money that God gave me for other things. Yeah. Once you have increased, then you can take more liberties. But, everything's balance, everything's moderation. But what David's talking about isn't always. There's a lot of people who've done everything right and they've just had a bad hand dealt.

Yeah. That's different. got to get back up and wait for that next hand- Exactly ... and just keep fighting.

David Nassief: Exactly. And that's all I'm saying is living beyond your means is not a moral judgment I'm making here. It's just a fact. It's a mathematical accounting fact. You are spending more than you earn, whether it's for a good reason or bad reason.

Okay. Next is the three D investments, which it's... One is gain knowledge. That's the first thing. Benjamin Franklin said the best investment we can make is in knowledge, and that's why I wrote this book. I wrote it in simple terms, David, so the average reader could understand it. It's not written for a Wall Street [00:28:00] person.

It's written in simple terms. Okay. Then then the fourth one is set it and forget it simplicity. This does not have to be complicated. I got it on one piece of paper, okay, which your readers will all have right now. There's no... listeners. There's no need to make... Wall Street wants it to be complicated.

You know why? Then you need them. They love complexity. The truth is simplicity is for winners, complexity is for victims. Okay? It doesn't need to be complex. I'm not against good, honest advisors, okay, but you don't need it half the time. You're going to figure out once you see how simple this is. It's not complicated And then ver- then my last point is on this north star is v- verify before trust.

One of the things I say in my book is that so many people are getting ripped off, innocent people who are trusting the wrong people or they're just assuming because there's so much initials after their name, they must be, experts and they're going to guide me the right way. And it's just like time after time they are just getting sabotaged.

And I'll be honest with you, a lot of that 40-year period of mine where I wasn't building wealth, a lot of times I [00:29:00] was getting innocently sabotaged 'cause I didn't know the rules of finance. I didn't understand what was going on and I thought it was too complicated. That's for the experts to figure out.

It's not complicated. It's not for the experts. It's for you. It's for me. It's not complicated at all, and then, oh, then one more thing I w- want to point out 'cause this is really important. Say you download this. You go, "David, this is nice, and I like it. This makes a lot of sense, but I'm in debt, and I could use more than your debt freedom strategy in a couple sentences here.

How do I get out of debt?" Notice it says right here, "See chapters 4 and 16." Basically you go to the book, One-Page Wealth Compass, and this is the 30,000-foot view. This is like the ground game. Take a right at the light. Take a left at the stop sign. This is the 30,000-foot view so you can see you're going the right direction, okay?

The two of them together make a, a powerful team that you can ... It'll give you financial clarity that very few people have, okay, i- in our society, and proof of it is where most people are financially. And when you... And that's pretty much in a nutshell what it's about, if that makes sense to you.

David Pasqualone: Yeah. And let me ask you a couple [00:30:00] questions. Sure. So there's listeners now, and I'm sure you've heard all these questions before, but let's answer them on air to help people- ... so they can pick up the book, pick up the one-sheet, pick up the book, and start- Yeah ... gaining wealth. So you said that, anybody can do this, but there's people listening "Pfft, I've tried and I've failed."

What do you have to say to that individual? I've tried investing. I've tried, the stock market. I've tried, guaranteed wins that people told me about or, my financial advisor, who's probably in more debt than anybody else- Yeah. ... that person told me to invest in this, and all that happened is he went on a vacation and I got broke.

What do you say to that person who's tried and been burned or failed?

David Nassief: I just so you got to have great insight on some things. But

David Pasqualone: what would you- Yeah, I will say, hey, ladies and- ... most financial advisors are in terrible financial shape. That's the truth.

David Nassief: They're giving you advice what to do. Okay.

David Pasqualone: Yeah.

That's funny. Yes, they advise what to do. It's horrible. I remember learning that in [00:31:00] college. I worked at... Do you remember Gateway Computers, David?

David Nassief: Yeah, I do. I remember that. I remember that.

David Pasqualone: There was people I regularly- People coming in with legitimate 300, $400,000 incomes, and back then that was even more than now, and they couldn't even finance a computer because they were in so much debt.

And it wasn't because their money was tied up in investments. Yeah. They just blew every penny they earned. So I learned real fast, don't trust the average financial advisor. Fuck yeah. So that's a s- that's a side tip, ladies and gentlemen. Yeah. But go on, David. I just- For the people who've been burned, what do you say to them?

David Nassief: There, I want to answer that in two ways, 'cause it's a very important question. I don't want to just skim over it and people don't know. First of all, let me share with you how I doubled my portfolio three times in a six-year period. Most people will, most financial people say, "David, that's not possible.

The market didn't increase that much. You couldn't have done that. You're either d- delusional or you're lying." I'm neither. Let me explain the details of what I'm talking about. First of all, I wasn't day trading, I wasn't chasing crypto, I wasn't trying to time the market. I was doing something so boring it would put you to [00:32:00] sleep.

Basically, I was, I had a simple investment approach. And here's the crazy part of it, David, is when the market was down, I was thrilled. When other people were panicking and selling, I was buying more shares at discount prices, okay? I just wish that the market was down more during that six-year period, 'cause I'd have even done better than I would've.

Okay. But let me explain the rule of 72 for your listeners who aren't familiar with it, 'cause this is a critical thing. The rule of 72 tells us if you're getting, say, it depends on, very, it could, works for any interest rate, but let's just say 10%, it's this round number. If you're getting a 10% return on your investments, on, on long-term overall, your portfolio will double every 7.2 years or roughly every 86 months.

David, my first double occurred in 30 months, my second one, 13, my next one, 29, for an average of 24 months. That's way less than half the expected average time on a 10% return. But the secret wasn't the returns, okay? My secret was I was doing three [00:33:00] things I finally figured out after 40 years, okay? First, I was saving a good percentage of my money off the top.

The, when, I paid myself once a month, okay? When my money hit my personal account, before I paid a single bill, before I did a certain thing, within less than 24 hours, usually less than 12 hours, I took a slice of that off the top and transferred it to my investment account and get that money in the market working for me, okay?

The second thing is I got in the right kind of investments. And here's what I found was the right kind of investments, David. Low-cost index funds. I only own two of them. That's all I own, David, two. And let me tell you how crazy it is. My first one I own owns every publicly traded stock in the United States.

So everything on the market I own, little tiny sliver of. My other fund- Owns every publicly traded stock outside the United States. So David, I literally own every publicly traded stock on the planet. For me to go broke, the entire world economic [00:34:00] system would have to collapse to nothing, and if that happens, we got much bigger problems than money, okay?

So I sleep very good at night. I'm not in high-risk stuff, but I'm not in such conservative stuff that also, I'm never going to get anywhere either. Okay? And so that's the key. And the third thing I learned was market volatility. Use it for me instead of against me. So many people, when the market goes down, they do the absolute worst thing you can do.

They pull their money out of the market and put it in CDs or some kind of a, a savings or whatever. That is the biggest mistake people make. Let me tell you something. Market volatility makes you money if you use it right. Picture this scene, David. You go to the department store. You see a big sale. Sale, 30% off everything in this section.

You don't- do you go up to the clerk and say, "Hey, I don't want no 30% off. I want to pay full retail. When's that stuff going back to full retail?" You would never do that. They'd think you were nuts. They'd haul you off crazy. That's what people do when the market tanks and they panic. I look at it as I'm doing a happy [00:35:00] dance.

I'm buying when the market's down because that's the time, that you ma- I don't time the market. I pay every month, every time I get paid. But when the market's down, it's like a little bonus they gave me and I, it's not a bad thing. It's a really wonderful thing, and I finally look at it the right way.

I ended the cycle of buying high and selling low, which too many people are trapped in today, and they wonder why they can't get ahead and make any money. Okay? And then there's a fourth double. I don't, it's beyond what I normally do, but I didn't stop doubling my portfolio. The next one took me 28 months, and it was a multimillion-dollar double.

David, when these things start doubling they get twice as big every time. So we're talking the, the momentum just really goes, but it goes in a safe wa- way. I learned to build wealth twice as fast with half the risk compared to how most people are doing it and compared to how I was doing it for 40 years, and that really made a big difference in my ability to accelerate that wealth building significantly.

David Pasqualone: So now people are listening and they're [00:36:00] now asking, "Okay, I see what he's saying about the index funds maybe. I don't fully understand it, but I see how he's offsetting risk. But how do you even know what to invest in? Where do I start?"

David Nassief: Like I say, and I'm not here to pitch my book, I'm really not, but let me just say this.

I- the best thing to do is there's just a couple. You only need one index fund, and I explain it in the book real clearly. But y- you only need one or two at the most. There's some index funds, you can buy one of them, David, and it'll ha- it'll buy every stock in the US and every stock on outside the US.

It's a global one, and you just need one. And if people are get, "Oh, I, I'm a little nervous about that," and th- somebody ha- Sh- Vanguard has them, Schwab has them. It's not complicated to find out. Just, go on the- Can you use

David Pasqualone: apps like Robinhood to

David Nassief: get into any? Yeah, absolutely. My son uses Robinhood.

I'm not that aged. Ca- I don't use Robinhood, but it's, works just as good. And the thing about Robinhood and a lot of those apps is you can get in for a dollar You can buy a fraction of a share. Like for example, the one that I own that [00:37:00] all the US shares, it's about 380 some dollars a share. You say David, I don't want to spend that kind of money," that's fine. You can buy a fraction. You can buy literally a dollar of that share, okay? $1. And then you could... So start, so there's no... You don't have to say, "I don't make enough money. I don't have enough mon-" Everybody has a dollar. Just don't go get coffee that day and you got a couple dollars there you can start with.

So that's a beautiful thing. Thank you for bringing it up. Robinhood is a great way, especially if you're com- young, uncomfortable with that, that's a great way to do it and there's nothing wrong with it at all. Absolutely.

David Pasqualone: Yeah, I mean for me, I just wanted to bring that up because I wanted to know, are the type of funds you're talking about available on Robinhood?

David Nassief: Oh,

David Pasqualone: yeah. And if someone hasn't heard of Robinhood's great for- Yeah ... anybody who likes to avoid fees. Yeah. Because you can trade without fees. Exactly. And I don't, not r- I'm not even fully sure how they make their money, and I know- Yeah ... they have upgrade plans and memberships- Yeah ... where you pay a little each month.

But they've been in business for a long time, so clearly they're making money too. But-

David Nassief: Listen. But just so you know, they don't have to go to Robinhood. It's a good one to go to. But E-Trade, [00:38:00] Vanguard, Schwab, Fidelity, they all have zero fee option for you. Nice ... you don't have an advisor, but zero fee, and that's how I do it.

I don't pay a fee to anybody at all, okay? The these fees, like for the funds I'm talking about, the fees are like three basis points. That's .03%. That's like nothing. That's like hardly anything. Where some of them are charging a full percent. I'm paying s- which is 100 basis points. I'm paying three basis points compared to the 100, and the 100 is pretty common.

Unless you're in a low-cost ETF like I w- like I was saying, okay? Index fund. So that, that's what I recommend. Dave, I want to say one more thing if I could because I don't want people thinking, "Oh, this was just easy and David's just a positive person. He just, everything worked out for him, and that's just that's not me."

Let me tell you, that's not me either. I want... I didn't tell you about my lowest point in the whole losing my job thing. Y- you th- you think I would've, but this is even lower than the ones I talked about. Let me just briefly tell you people 'cause I think this [00:39:00] might help some people that are listening that maybe are just in a real struggle.

After I was fired- my wife, who's a perfect wife, and I just got so blessed and lucky marrying her, she says to me, "Honey, I want to save money." And so the grocery store, this one grocery store which we don't normally shop at, it's a discount grocery store. She goes, "They're having a big sale. Would you come with me to help me with the groceries just 'cause I want to p- bulk up on it?"

I says sure." I had nothing else to do. No one was answering my resumes or emails or whatever. So we get there, David, and I walk in and I look around and alls I see is women and babies in baby carts. Now, I'm sure there were men there, but I didn't see them, okay? All the... And I felt like, what am I doing here in the middle of the week, in the middle of the day when I should be home, when I should be at a j- job working, providing for my family?

I felt like I had a sign on me saying, "Biggest loser," in the store, and that's exactly how I felt. I'm not exaggerating. I truly felt like I did not want to be there. I wanted to help my wife, but once I got in there I realized, wait, why am I here? I remember as she was checking out, I [00:40:00] was at the end of the checkout line, and I felt like I wanted to scream.

I felt like I had this mental corporate straitjacket on and I couldn't break out. I wanted to break out and run and scream and get out of there, but where was I going to run to? You know, what, what was I going to do? There was no place to run to. And but I really felt s- that was the absolute lowest point of the whole thing I went home that night, David, and I remember praying about it and just thinking about it and realizing, coming to the realization, the corporate world told me, "You're of no value anymore to us, end of story."

So that's when I thought, "I got to stop beating my head against this wall 'cause it's getting me nowhere." And that's where I said, "I got to get this guy inside me who thinks he's a corporate guy still, and he's not anymore." He, David, when I had, when I was in the corporate world, I got to fly many times on the corporate jet.

I had a new company car all the time. I had a, I had expensive suits. That wasn't me anymore, and I couldn't l- I [00:41:00] couldn't, I just couldn't pretend anymore that was my life. It wasn't my life anymore. And it was like they were ripping my identity away from me, like who I am was being stolen from me.

That's who I thought I was, and I realized I am not that person. I am me. I am David Nasim. And I, now my new title, I have a couple titles, David. I am a child of God, I am a husband to my wife, and I'm a son to my f- I'm a father to my son . And no one can take those titles away from me. No, not one person on the planet, okay?

They can take the corporate title, but not that one. So that's when I said, "We got to fight this thing." W- when your back's against the wall, you can either wave the white flag in surrender or you can fight. And I says, "I'm not going down like this. I'm going to fight." And that night was when I said I, I took a new mental look at who I was and what I was going to do.

And I just think it's important for people to understand this wasn't an easy thing to do. I was real . It was pure misery the whole time I was going through it, Rosland.

David Pasqualone: Yeah, no, it's a grow- And I'm glad you brought that up because everybody struggles. Everybody has lows. And if you never [00:42:00] have a low or a struggle, you're probably not doing your best, and you're not a target of Satan, that's for sure.

That's right. And if it's all easy and you're doing great, that means you can just go higher- Yeah, exactly ... and you're not going higher.

David Nassief: Yeah. And let me say one more thing. I remember when I was going through that dark period, I read a article or somebody w- wrote on how they were going through a dark spell in their life, and it was a burden they didn't feel they could handle, David.

It was just too much for them, and they prayed, "Please, God, relieve me from this burden. Take it away from me. I, it's too hard for me. I can't do this." And the answer they got back in their mind and their heart was, "I love you too much to deny you of this experience." And David, that's what I wanted.

I wanted to be relieved. I wanted God to move this for... I was 63. My gosh I didn't have the energy anymore. I couldn't do this anymore. God, please take it away from me. And I'm so grateful He loved me too much to deny me of that experience. Because David, I have never felt more [00:43:00] free, I have never felt more energized, I have never felt more happy and fulfilled than I do right now at 72.

When most people are sitting in rocking chairs watching TV, I'm out there with my business. My sons joined the business. We had a record year last year. This year's going to be maybe even better. And I just, I lo- love my life, and all this wouldn't have happened if God would've relieved me of that experience.

If He would've said, "Okay, we'll take it away from you, and we'll somehow get you some kind of annuity or whatever magically." No, I'm grateful I went through it. I'm just, to this day, I'm grateful.

David Pasqualone: Yeah, absolutely. Yeah, that's Romans 8:28, "All things work together for good to those who lum- love God, to those who are called according to His purpose."

And to do it with the gratitude and the appreciation- Yeah ... that's how it should be done. Yep. For sure. So let's talk about this. We talked about, to the people who failed in the investing or got burned. We talked about how do I start, where do I start, what do I do? So the first step is download your one sheet.

The second step is get your book, and then that's going to give a lot of the details and answer a lot of the questions. Yep,

but so people know what to expect, [00:44:00] what's the third step, the third major step? What are they going to save? Okay. Save... do they need $500? Do they need $5,000? Do they need $50,000 to really start making money- Okay

and building wealth?

David Nassief: And I know you think this is going to be an exaggeration, David, but seriously, you need a dollar. You really need a dollar. There's nobody that's listening to this program that can't start this on a Robinhood account. Maybe 10 bucks, okay, whatever. But I'm talking about way under 100 bucks to start with, okay?

And then add. Let me share with you the biggest financial mistake I believe people make, and how to overcome that, okay? People are paying tiny termite-sized fees that they don't even notice until their financial foundation starts to crumble, and let me tell you what I'm talking about. You got two people, A and B.

They both say they're 25. They're both starting out in their career. They're both just getting going, so decide to put a modest $25 a week away in investing, okay? Person A [00:45:00] chooses to go with a low-cost index fund like I was talking about with a .03% annual management fee. Person B goes to an advisor who charges a 1% management fee, puts him into a actively managed fund with a 5.75 upfront load and a .66% ongoing management fee, okay?

Now, let's follow those people for 40 years to 65. Per, now remember, they put the exact same amount of money in. They had the exact same kind of market conditions. Person A has a $1 million portfolio with this t- modest, $25 a week. Person B has a 430... No, excuse me, a $570 portfolio. $570,000. That's a $430,000 difference, David.

That's almost a half-million-dollar difference, Person A and Person B, 'cause Person A took a focus on the expenses and [00:46:00] Person B just followed the experts and did what the expert says. And that's assuming they never got a raise, David. If we assume they got normal raises, that half-million-dollar difference would be even greater.

But here's the tragedy of Person B. They probably feel like they got a good deal. They like their advisor. He knew their kids' names. They went golfing occasionally, and he was like almost a real friend. Little did he realize, he did the equivalent of funding someone else's retirement with half of his own.

I am not against advisors, but what I am against are products that enrich Wall Street at the expense of their client's portfolio. That is just wrong. And David, I'm embarrassed to tell you this, but before my compass, I was like Person B. I'd just go along, doing what I thought, whatever, following the experts.

I never questioned the ru- I just thought fees were part of the rules of the game. Later, I discovered when I did the compass, the rules we don't question can cost us the most. In Person B's case, it cost him a half-million dollars. David, this is real money. [00:47:00] This is people's life plan being robbed by half because they don't understand some details that are not complicated.

It really are not complicated, I promise you.

David Pasqualone: So when somebody has five grand or 10 grand, they're like, "All right. I want to try this, but I'm still unsure." When they go to the app like R- like Robinhood or wherever- Yeah ... they go, what do they type in? What are they looking for?

David Nassief: Okay. They're looking for low-cost index funds only.

They're not looking for anything else. They're not looking for just general mutual funds. They're not looking for individual stocks. Please don't do individual. They're not looking for crypto or anything like that or or, they just want low-cost index funds. I'll give you some names. I hate to say names because I don't want everyone to do this because you can do whatever.

There's lots of options here. But VTI this is from Vanguard. They have a... it's one I own personally. It's the total US market and it's 0.03% management fee. It doesn't get little less than that pretty much. And that's one they could do, and they could do that. Or you could do the Fortune 500 [00:48:00] version of it, which is fine.

That's just as fine. I know it's not the whole US market, but the Fortune 500 is the bulk of the US market, and a lot of people feel comfortable 'cause they're all like blue chip, big companies. That's safer. Hey, if that feels, makes you feel good, that's good. I like the diversity. I like to own every stock on the planet but that's just me.

That's a personal thing. But Fortune 500 is just as good if you want to do that. And some people say that's enough. You could just own the Fortune 500 E- ETF. Make sure it's a low cost, like 0.03 or under 0.5, 0.05. But if you ha- if you do that, you're going to be fine. And just keep pouring money into that whenever you get...

Every time you get paid, put a little. S- take some off the top and keep putting it. This is assuming you're out of debt already. If you're not out of debt, consumer debt, you... That's the best investment first. Get out of consumer debt. Then do that. But and then, I don't know if that...

Does that help? What, what-

David Pasqualone: Yeah, absolutely. Okay. Because a lot of people are just so tired and they're like, "This sounds great. Oh, I wish it could happen to me." Yeah. "What do I do?" And I know one time in my own life, I had a friend who is a financial [00:49:00] just... he's a giant. And he said, "Buy Google." And I'm like, "Okay."

And he's like, "Just sit on it and keep buying it. Keep buying it." And then I saw it go up from Y to Z and I thought, "Oh, this is great. I just made money," so I sold it. And then it continued- Yeah ... to just thrive. So it's like I w- I made a little bit of money, but I could have made a whole lot more if I just hung in there.

Yeah. So when you're telling people to buy, what are the signs when it's time to sell? Or do you just hold on and take a portion out each year? How do you handle the growth? Okay.

David Nassief: That's a v- that's an excellent question, David. I really, I'm glad you asked it. H- here's what I'm against, and I'll tell you why, and y- your viewers can make their own judgments.

I don't like buying individual stocks, even as solid a company as Google. You know why? 'Cause I already own Google in my ETF. I already own Microsoft. I already own, every stock on the planet, and it's weighted average, so it's like I own a [00:50:00] lot of my pr- weighted. I own a lot more Google than I own some little unknown company that no one ever heard of, okay?

And so the beauty of ETF, which owns Google and all the major ones, is you never have to sell because you never have to predict the market when it's going down. It's like the founder of Vanguard, okay, a brilliant man, wrote some really amazing books. He says, "Instead of trying to find a needle in a haystack-" Buy the whole haystack.

And that's exactly what I did. I bought the whole haystack with my, whole US market. And so isn't that better than having to study Wall Street, and read The Wall Street Journal, and watch the TV shows about, money and all that kind of thing? That's so much better than having to... I...

Then you can go off and live your life. You don't have to be glued to the TV or glued to the ticker deal. You can just live your life and forget about it. Just keep putting money into the whole e- economic system and it'll grow. It's going to grow. Every single time, David, the market has decreased or dropped or crashed, 100% of the time, it has not only recovered the full amount it lost, but it's gone [00:51:00] on to new heights.

That is over 200 years of it, of statistics. 200 years is good enough for me. I don't... That's plenty of me. I'm fine with 200 years of data. Okay? And so we don't have to worry about it. But when you buy an individual stock, there were some unbelievable blue-chip stocks just 50 years ago that aren't even in existence today, or they're, like, nothing today.

Because the br- they were great and you thought, "Oh, and I got another Google back then," but they change. But when you own the whole market, you don't have to worry about the, making those smart moves on certain stocks, that kind of thing. So that's just my honest opinion. Everybody can do what they want, but I just wanted to show you.

I like to sleep at night and I don't... I have a company to run. I have a life to live. We love to travel. We love to do things. I don't want to have to worry about my finances. I really... I s- Can I tell you how much money I s- how much time I spend a week a year, a month in my investing? When I get paid, I told you, I take a portion on my top, I transfer it to my investment account.

Some goes into the US, some goes international. I close the account and I'm done. For the month, I'm done. That takes me five, let's [00:52:00] say 10 minutes to be exaggerating. 10 minutes a month. That's how much time I put into it. Now, if I owned individual stocks, I'd have to watch oh wait." But I don't have to do that.

I got the whole market, so I don't have to worry about that. So that's how I do it Very nice. Now, if somebody wants to download the one sheet, if they want to order your book- Yeah ... if they want to- Yeah ... learn more- Thanks ... continue the conversation, where's the best place to go, David?

The best place is my website, onepagewealthcompass.com.

If you do that, you'll see right there a place to put your email in. You can just click it and you'll instantly get the download in your email of the One Page Wealth Compass. You'll also get emails from me every week on little tips and things th- that'll help beyond just the book, 'cause I'm kinda like your virtual coach.

I don't do personal coaching one-on-one, I'm too busy for that, but I can virtually coach through my emails and through the book for sure, and through the compass, and that's it. And so that's what I do. Can I say one more thing too about the, the book? 'Cause I, I think it's important people understand.

I did not write this book for Wall Street people. I wrote it for people who are the [00:53:00] opposite of Wall Street people. And let me share with you a review I got, 'cause I think this explains what it's all about. This is from a clinical psychologist with 25 years experience, no financial background whatsoever.

He said he was facing his own career crisis and said the One Page Wealth Compass gave him the exact financial hope and practical steps he needed. This is my favorite part of the quote, David. "I couldn't put the book down." It's written in story form, true stories of people, and when you tell a real story of people who did it right, people who did it wrong, and then the, the principle, people...

like it's people are, "Ah, I get it now. I've heard that term, I never knew what it meant. Now it makes sense to me," 'cause they were too embarrassed to ask or whatever. But when you put it in true life stories of failure and successes and show 'em how it works, it just, even for a non-financial purpose like this clinical psychologist, they get it, and that's how I made it.

I... we didn't need another boring financial book out there. The 21 books I read, David, I'll be honest with you, they were good material, but they were pretty boring. They were hard to get through. But this is, I said, "I'm not going to make it that way. I'm going to make it simple so everyone can understand it." And so I just want to make that point.

You're [00:54:00] not buying a typical boring financial book, you're buying something that I think you'll find it enjoyable to read. So I just, that's my-

David Pasqualone: Oh, absolutely. I'm sure from the listeners just watching and listening today, they already know the, what to expect, so that's great. So between your birth, David, and today, is there anything else we missed that you want to talk about, or any closing thoughts before we wrap up the episode today?

David Nassief: Yeah. The one thing I really learned from that whole experience that I'm, like I say, I'm grateful for, even though it sounds like a tragedy, it's a blessing, is the following: clear direction beats misdirected speed every time. For 40 years, I was spinning my wheels, going, making good money, spinning my wheels, going nowhere.

Once I got that compass, I accomplished more in six years financially than I had in the previous 40 years. And that's what I say. It's about clear, getting clear, honest direction. Not direction for people who have conflicts of interest. They're trying to tell you to do something 'cause they can make money off you that way.

No, I'm [00:55:00] talking clear direction from me. Though, when I read those 200 books, David, I didn't go to the hotshot gurus that are trying to pitch stuff like that. I went to the Warren Buffets. Now, he didn't write a book, but I read a lot of his material. But other people like him that just, they made it big.

They didn't need to write this book, and, but they wanted to share with people. And you could tell there was no conflict of interest in that, that advice they're giving. And so many people, they just have a hidden agenda, and that's kinda scary.

David Pasqualone: Yeah, it is. And sadly, like you said, most people have an agenda.

So ladies and gentlemen, we love you. If you've been listening to the show since 2018, you know our agenda is to glorify God, to help you grow, myself included. So we hope this episode has helped you. If you have any questions, check out Dave's website, his one-sheet, download it for free. Check out his book, his weekly emails.

Continue the conversation with him. Reach out to him. And if I can help you in any way, as always, reach out to me. And like our slogan says, "Don't just listen to the [00:56:00] great content you've heard today, do what you need to do. Repeat those actions each day to form healthy habits so you can have a great life in this world, but more importantly, in eternity to come."

So David, thank you so much for being here today. We really appreciate you.

David Nassief: David, thank you for having me. It was a pleasure. It really was.

David Pasqualone: Oh, thank you. And ladies and gentlemen, thank you for listening and watching the show. Please share it with your friends and family so we can help as many people as possible, and we'll see you in the next episode. Ciao!

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David Pasqualone: Ladies and gentlemen, I sincerely hope this show has inspired you. The whole purpose of the Remarkable People Podcast is to inspire you, to motivate you into action, to help you have an even better life, to overcome things you've not yet been able to overcome, or to grow to the next level that you never thought possible.

And all of this, not just to benefit you in this [00:57:00] world- ... but to have you come to a relationship with God where it grows every day stronger. And not just this world is blessed, but your eternity is blessed. And we sincerely want to do just that and to glorify God. And we hope with this episode we accomplish that.

If we did, please let me know. It's great to be encouraged and to spread the word to our remarkable guests that it helped in your life. If we didn't, let me know. Write me an email. You can go to davidpasqualone.com, go to our Contact Us page and let me know what you think. I got tough skin. Let it rip.

Anything you can think of to make this a better podcast to help you grow and to glorify God, I'm in. So that's it. Thank you for listening to the podcast. Thank you for sending us feedback. If we can help you in any way, let us know. And if you can spread the word about the [00:58:00] Remarkable People Podcast, share the episode to your friends, your family on social media, it would be a huge honor and blessing.

Again, I'm not trying to be the most famous podcast in the world for my benefit. I truly want a podcast that's the best podcast in the world to help as many people as we can to have a better life, come to know Christ, to grow in the Lord, and to have that salvation so they can be with God in peace and joy and eternity.

And right now we're together on this earth, so let's do everything we can to work together and help each other grow. Like the Bible says, love the Lord thy God is the first commandment, and the next commandment is to love thy neighbor as thyself. So let's do it together. I'm David Pasqualone. I love you, not as much as God loves you, but if I can help you in any way, just ask. And again, please share this to your friends and family so we can help them too. Ciao, and see you in the next [00:59:00] episode!

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