How do we prosper in an unstable economy?
That’s the core question that local financial expert Daniel Nestlerode sets out to answer in his entertaining new book “Get Rich: Or Get Out of My Way.”
With his typical sense of humor and good cheer, Nestlerode outlines a pathway to financial security and investment success.
The book begins with a set of chapters that create a foundation based upon self-knowledge and a solid understanding of the markets.
“A savvy investor knows what he knows and knows what he doesn’t know, or in other words a savvy investor knows his limits,” Nestlerode says. ” Most people who invest never consider this and as a result are at best naive about the markets and believe someone else can predict the future.”
Financial success requires rigorous learning and discipline, along with the willingness to take a risk.
Commitment is key.
“Any successful investor needs to cut through the media garbage and get to the root of the matter. One has to find the real ’cause’ of higher and lower stock prices. Then you have to spend the time and focus every day to work on getting to your goals,” he says.
While Nestlerode feels optimistic about the long- and short-term performance of the stock market, that does not necessarily translate to the same feelings about the nation’s economy.
“No one was supposed to be poor in life. We are all really fortunate to be here today in this sea of opportunities. All you have to do is wake up and learn how to see them and then how to engage with them in a profitable way, usually in a way that serves the concerns of others,” notes Nestlerode.
Philosophically, Nestlerode is quick to remind us that money is not the root of all evil. “Rather, it is the love of money that is the root of all evil,” he says. “Money is just a means to an end. It allows you to extend your influence to others and causes you believe are important. Look at Bill Gates and what he thinks is important!”
After years of working in the financial industry, Nestlerode felt it was time to offer advice to a larger audience than his clients.
“I wrote the book to organize my thoughts on investing in such a way that others can benefit from my 50 years in the business,” he explains. When Nestlerode started he had a lot to learn and was a self-described incompetent. ” I wrote the book to help others create their path to success at personal wealth creation. And in efficient way so it doesn’t take all day every day. It is the legacy I can leave behind for others who are willing to personally grow in the domain of money and investment.”
Nestlerode knows that there are many people who go through life never learning how to be financially savvy.
“They just get by, but are thwarted from achieving the bigger things in life that they might attain if they learned to be competent in the domain of money and investment,” he says. “So nobody needs to buy this book. But it is one way that is available — relatively inexpensively — an opportunity for those that are ready to step up to the plate and learn how to connect with the pitches.”
Nestlerode is certain that prediction is a fool’s game. “The future will either be all right or won’t” he says. “The real question is ‘What are you doing about your retirement?”
Now retired — though he can be found in his office from time to time and also pens a column for StateCollege.com — Nestlerode hopes the book is helpful to anyone who reads it,
“I have been an investor for over 60 years and 50 years as a registered financial person. 50 years was long enough. Now the book will carry the baton going forward,” he states. “My greatest satisfaction was helping a third generation immigrant working in the mines of Centre County buy his first house. My greatest disappointment is seeing what is possible in others and not being able to find a way to help or assist them to become more than they are. As someone wiser than me mentioned, don’t try and coach people who don’t want to be coached.”
The book is available from Amazon.com.
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