Even as a child, David El Dib was fascinated by numbers. Arithmetic and math problems were always easy for him to solve, and he became interested in the stock market and finance as a teenager. After graduating from high school, he was drawn to the world of finance, and today he is co-founder of a private hedge fund.
As a former private banker and consultant, David El Dib has worked hard to reinvent himself as a highly sought-after speaker, businessman, and investor. Individuals and companies turn to David as a source for intelligent financial strategies and information since he is a widely acknowledged top expert in cryptocurrencies and all things related to personal finance. In today’s highly competitive investment environment, David is a successful, self-made entrepreneur and financial leader who has built himself from the ground up. His objective is to make it easier and less frustrating for today’s venture capitalists to create cryptocurrency-based returns.
David’s experience with novel currencies and forward-thinking solutions for venture capitalists has paved the way for his current venture. David tapped into the buzzing crypto market early on and understood just how lucrative it could be. Today, his business focuses on financial trading and investments. However, David offers more than the traditional trading scope. Instead, he is dedicated to bringing high returns and crypto-based returns to high-net-worth individuals.
Blending the traditional with new cutting-edge services has allowed David to be successful in the otherwise routine financial space. However, with high risk often comes high reward. El Dib is an expert for high-net-worth individuals willing to explore more novel yet proven trading and return options.
David El Dib has developed a tried-and-true strategy for investing personal money in a way that yields the highest return over the past few years. David thought it was time to introduce his very successful technique to a bigger market after his family and friends tried out his investment strategies and also had excellent success. He started hosting lectures and workshops so that others could understand and use his unique investment strategies for their and their families profit. David decided to create simple-to-use online wealth-building tools to spread the word about this extremely essential information as his pupils continued to succeed with his personal finance and investment tactics.
David also hosts a podcast and webinar series that members may listen to or watch at their own convenience, on the go, or in the comfort of their own homes, as part of his dedication to making wealth-building tactics accessible to individuals who want to exponentially grow their financial prospects. Because of this, you may increase your knowledge of finance and invest regardless of where you are or what is happening around the globe.
He is a mysterious and effective speaker with the unique ability to translate complex concepts into simple terms. He has a pleasant demeanor, exudes confidence while being grounded, and keeps you interested throughout all of his presentations. His classes and resources can help you develop a successful personality and a positive attitude in life, in addition to helping you increase your financial security. Professionals worldwide and in numerous industries seek David El Dib’s guidance on how to multiply their money and achieve the highest possible return on investment because of his cutting-edge approach to financial investments.
David El Dib, who resides in Dubai currently, spends most of his time researching new financial techniques to use in his podcast and webinar programs.
Where did the idea for your career come from?
I was 13 or 14 years old when I saw the movie Wall Street and was fascinated by the financial world. From that day, I knew I wanted to work in this industry. After school, I was looking for an opportunity to work as a financial advisor before I became a private banker in the investment banking industry. For the last 25 years, I’ve been through all the ups and downs of entrepreneurship. Again and again, new challenges come our way. Flexibility is the only way to keep up.
What does your typical day look like and how do you make it productive?
I rarely set an alarm clock. I get up when I wake up, and my day starts immediately. I don’t have any typical routines; every day is individual. I am not a friend of routines.
I often have the first calls with our team in Asia or with my partners in the morning. Then there are days when I’m only at my desk until the evening, and on other days I’m on the road again a lot. I adapt to the opportunities.
How do you bring ideas to life?
Walking is my cardio and the time for myself when I get creative. Sometimes I stop and have a coffee and watch people. This is something I have done since I was a teenager. I love to study people, mostly in crowded places like markets. I think understanding others is the way to create new ideas. You have to understand people’s needs and their problems to deliver solutions. And that’s what business is about. We all are gifted with talents to help each other.
What’s one trend that excites you?
I don’t like trends. Trends come and go. The older I get, the more I like stability and certainty in most of my life.
What is one habit of yours that makes you more productive as an entrepreneur?
This may sound strange, but I often put off unpleasant things until they disgust me so much that I do them quickly to get them off my plate. Many coaches will tell you to do the exact opposite, but this strategy has always worked for me. It keeps me from spending too much time on the things I don’t like to do and allows me to focus more on the activities I’m good at. I think that is where we all are most productive. Doing the things we really love.
What advice would you give your younger self?
Don’t care what others think. Most people will not even think about you. And the rest will either like you as you are, or they won’t. Focus on the few that love you the way you are. You don’t have to prove anything to anyone.
That doesn’t mean not caring about other people. I do, and I think it is essential. What I mean is that I don’t expect approval from others, and I have no problem at all making mistakes.
Tell us something that’s true that almost nobody agrees with you on.
If it’s true, then it’s true for everyone, right? I mean, there is only one truth. I find it funny that today everyone claims their own truth. That’s basically moronic. The truth is crystal clear and, therefore, the same for everyone, isn’t it?
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I constantly ask myself if the things I am doing keep me moving forward or not. If yes, I keep doing them; if not, I stop doing them. I deactivated my Facebook and Instagram accounts a couple of weeks ago as I thought I was spending too much time on them. And the best is that I don’t miss it at all. I just recognized how much it distracted me.
What is one strategy that has helped you grow your business?
Everyone is talking about strategies today. If you look on social media, all the channels are packed with strategies and ideas on how you can become more productive and more efficient.
Values, on the other side, will consistently outperform strategies. So, in my opinion, you can have the best strategy; if you have the wrong values, you will fail at some point. But if you have the right values, you will be successful, no matter what. What is sad is that we are teaching strategies instead of values. In schools, universities, and also everywhere else.
What is one failure you had as an entrepreneur, and how did you overcome it?
I opened my first business when I was 23, and it crashed a few years later. After I lost everything, I had 350,000 EUR in debt. I felt destroyed at that point. I was depressed, and I was really unhappy with my life.
Every entrepreneur has a time when things don’t work the way they want, when problems seem too big and when you just feel like you want to give up. The solution to this problem is to know what you want. It actually took me 5 years to turn the situation around. At some stage, I reached the point where it was clear to me that I could go no further down. I was aware that I didn’t want to stop at this place. So I picked myself up and worked my way back up step by step.
What really helped me at that point was to understand that there are just a few things that I have control over. Most of the things in life happen; the question is how we respond. I always try to find the positive in every situation.
What is one business idea that you’re willing to give away to our readers?
There are plenty of business ideas out there already; you could base your new venture on one of these, but do it better, bring more to it, or do it in a different country or region. However, none of this is as important as your passion for the idea.
Not everything will go to plan; there will be great times but also challenging times. Without your passion to see you through the harder times, you will be less likely to be successful. Bring your passion every day.
What is the best $100 you recently spent? What and why?
I love this question from Tim Ferris’ show, and I thought a lot about what I would answer. I think the best thing I recently bought for less than 100 bucks is the mag-safe power bank for my iPhone. I have days where I am constantly on the phone, and this power bank has saved me already a couple of times.
What is one piece of software or a web service that helps you be productive?
Social media is clearly a trendy technology at the moment, and it seems everyone and their pets are vying for their moments in the spotlight. Being a “Social Media Influencer” is a job title we never had before.
While everyone else focuses on getting their content out there, I quietly watch in the background, understanding people’s current wants and desires. Seeing what drives people and how I can use this for my businesses.
What is the one book that you recommend our community should read and why?
I am not a big reader. But one book I really love is John C. Maxwell: How successful people think. You can read it within a few hours, which significantly impacted my life.
What is your favorite quote?
For things to change, you have to change. – Jim Rohn
What are the few things that we have control over? It’s what we think, say, feel and do. And if we want things to change, we need to change what we think, say, feel and do. It’s so easy and so hard at the same time.
- Do something that you really like doing. I think the worst thing someone can do is work only for money. You need to be passionate about what you do just out of egoism.
- Be grateful for what you have. We tend to always chase more and forget to see what we have already accomplished.
- Happiness comes from the inside. Nothing on the outside will ever make you happy on the inside. Nothing.
- Give all the glory to your team and take the disgrace yourself when something doesn’t work. You are no one on your own.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.