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The Playbook With David Meltzer

The Secret to Engineering True Wealth

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Careers, Entrepreneurship, Business

4.91.9K Ratings

🗓️ 19 October 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

In today’s episode, I’m joined by Wade Reed, a financial coach, entrepreneur, husband, and father whose faith and family fuel his purpose. We talk about the journey from scarcity to abundance — and how losing everything can sometimes be the best teacher. I share the story of building wealth, losing over $100 million, and discovering that happiness doesn’t come from what we earn, but from who we become. Together, we explore what it means to “engineer” wealth, how to stop living in the “I’ll be happy when” mindset, and why real success starts with gratitude, purpose, and faith.

Transcript

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0:00.0

So, David, you've had quite an interesting business background.

0:05.5

Would you mind sharing with us just a little bit about where you've come from and some of the interesting experiences you've had around business and financial success?

0:14.1

Yeah.

0:14.7

You know, really my journey is a journey of three worlds.

0:18.4

And the first world was a world that is very scarce. I grew up with a single

0:22.5

mom, six kids, a mom who worked two jobs, packed my dinner in a paper bag as she drove all six

0:28.7

kids around five, four boys and one girl, and then filled up turnstiles at convenience stores

0:34.1

with greeting cards just so we could eat. And that world of not enough was a world

0:40.8

that I felt like a victim. I always looked at what other people had and thought that this is

0:47.3

what I want people to think I am. And I will be happy when I make enough money to create financial

0:54.1

security for my mom to buy her house in a car.

0:57.4

Maybe we'll retire someday.

0:59.5

But since my dad left at five, my entire identity was tied for I will be happy when I am going to prove myself.

1:08.9

I am a victim.

1:10.8

And people laughed at me, scoffed at me and made fun of me.

1:14.3

And my goal was to have them applaud me.

1:17.0

And I learned a lot of lessons from my mom.

1:19.9

I always say my mom really didn't teach me that much.

1:24.3

So I wasn't taught by my mom.

1:25.9

She raised six kids.

1:30.9

But I caught everything that I knew from watching my mom, which is much more powerful. In fact, as a parent, I tell people all the

1:37.6

time, I don't expect to teach my kids. They're not going to be taught by me. They've got schools and

...

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