A Discussion with Daniel Mackle of Silver Edge Financial about Maintaining the Balance Between Family and a Demanding Career

Daniel Mackle
Images internally provided

Daniel Mackle is an experienced investor and successful entrepreneur. He founded Silver Edge Financial, a company that offers great investment opportunities to wealthy individuals. Silver Edge Financial currently operates two private equity funds. The first one, called the Silver Edge Pre-IPO Fund, focuses on companies that are expected to have a major financial event soon. The second fund, the Silver Edge Venture Fund, concentrates on established companies like Palantir Technologies, Airbnb, and SOFI Technology. The company is based in Hackensack, New Jersey.

Daniel has been working in the financial industry on Wall Street since 1982. During his career, he has held various positions at prestigious companies and has started his own firms, including a mortgage bank that managed over a billion dollars in loans. He has also provided assistance to different divisions in brokerage firms. Daniel’s financial expertise has allowed him to invest in companies like Uber, Lyft, and Pinterest before they became publicly traded.

Recently, Daniel has been focused on creating a new company that aims to help people consolidate their credit card debt. He came up with the idea after seeing the amount of debt Americans were facing due to the financial difficulties caused by the COVID-19 pandemic lockdowns of 2020-2021. Daniel believes there is an opportunity to assist individuals struggling with credit card debt, and he is enthusiastic about addressing this issue.

Outside of his professional pursuits, Daniel enjoys practicing martial arts, fishing, and traveling around the country with his wife and five children, whom he cherishes.

Why did you decide to create your own debt consolidation business?

Beyond seeing the potential for profit, I genuinely want to help people. Unfortunately, a great deal of Americans have an untenable amount of credit card debt due to the COVID pandemic and accompanying lockdowns. In forming my new company, I want to help provide relief to these folks.

What do you love most about the industry you are in?

The answer to that is simple: I love helping people.

What is the biggest lesson you have learned managing your business?

I find putting ideas down on paper helps me a great deal. I’m a very visual person. If I can visualize ideas and write them down, it helps me in my efforts to actually bring them into fruition.

Who has been a role model to you and why?

I credit my parents as the best role models I could’ve ever hoped for. The example they set for me and my siblings has guided each of us to achieve success in our lives.

How do you maintain a work life balance? 

Right now, I’m working toward my MBA at the University of Tennessee’s Haslam School of Business in addition to running my businesses, so achieving balance is a bit tricky. Each day after I wake up, I study for 30 to 60 minutes in the morning. Then I typically go to the gym. I try to be in the office by 8 am. I put in at least an eight-hour workday before going home to spend time with my family. That’s the time I truly value and cherish. Before finishing my day, I’ll do some more reading and studying during the night hours. As far as balance goes, my schedule is tight, but I’ve been making it work.

What trends in your industry excite you? 

I’m in the process of launching a debt consolidation business, but the business itself isn’t the thing that really excites me. What really excites me is that we’re positioning ourselves to help a lot of people. What concerns me is the economy. Some of the key indicators aren’t good. There are the rising interest rates, and that coupled with the fact that there’s so much consumer credit card debt is a big problem for a lot of people. But if everything goes as planned with the new company, we’re going to be able to help them with that.

What has been the hardest obstacle you’ve overcome? 

I started a mortgage bank in 2003. We grew rapidly, and we did very well. Back then, I formulated financial models and strategies to address scenarios just in case the market corrected ‘x’ amount. According to those models, if the market took a downturn, the company would still do well. I made assumptions. But I did not anticipate the market implosion of 2007-2008. Just before that happened, the company was selling loans to three big banks in the United States, but then all three of them went out of business. Needless to say, the company suffered. But as time passed, the market recovered, and I managed to overcome that huge setback. At this point, I’m much farther ahead than I was even before the onset of the Great Recession.

What is one piece of advice that you’ve never forgotten?

My parents always told me to study hard. I heeded this advice, and it caused me to do well in school. After graduating, I kept this habit up, and it has also helped me immensely in my career.

What is the biggest life lesson you’ve learned?

I’ve learned that I’m far more effective in nearly every aspect of my life if I keep active. I have five children and I run more than one company, so I have a lot on my plate. It’s imperative for me to keep an active lifestyle to maintain a high energy level in order to do what needs to be accomplished every day.

Outside of work, what defines you as a person? 

My family. I have a wonderful wife and five incredible children. Without them, I would be lost. Beyond that, I love fishing and traveling. I also practice martial arts.