Damion Lupo’s mission is simple: to free a million people from financial bondage. His unique tool is a fusion of financial literacy and a little-known strategy called the eQRP that allows investors to control their financial future and get off the wall street roller coaster. He’s the Best-Selling Author of 12 books on personal finance, investment, and retirement planning. He hosts the Financial Underdogs podcast, has owned more than 50 companies, and is the founder of his own martial art, Yokido®. Damion is the CCO of the eQRP Co. and the lead architect of the eQRP® — the Ferrari of 401(k)s®. The eQRP® is a unique and powerful system to put individuals in command of their own investments, tapping into the $25 trillion locked away in Wall Street-controlled retirement programs! Damion is also a professional investor with decades of real-world experience that started with the purchase of his first rental using a VISA card advance — a move that snowballed into 150 rental houses in less than 5 years. In 2008 he lost the whole $20 million business only to bounce back and recreate his wealth in 5 years.
Entrepreneurial Role Models:
Also mentioned:
When business started difficulties overcame:
“I didn’t have any formal education so when I was coming into problems, I just had be creative and stumble around. The fact that I basically started without being a part of any major organisation, there was no classical training for anything, it’s a major obstacle to overcome because you don’t even know what you don’t know. And one of the things when I look back if I was to give myself advice I would say make sure that there is somebody that’s balder and greyer than you are, always around you that’s been through things”…[Listen for More]
Favourite Books:
Mastery: The Keys to Success and Long-Term Fulfillment Book by George LeonardFavourite Quote:
“mistakes are a gift wrapped up in pain. They are a gift from that universe and we tend to ignore them or be afraid of them…failing faster is the key to growth, is the key to life where there is fulfilment because of the stretching. And so, I use that to find ways to try new things and expand. If I am slowed down and people are making mistakes faster than me, I speed up the mistake machine”
Recommended Online Resources:
The Off Button
Best Advice to Other Entrepreneurs:
“failing or making a mistake does not identify you. And in fact, one of the things that we are taught it’s a primary principle or a message that we get as children that if you make 50 percent of anything wrong that you are a failure and you are criticised. And in fact, if you have made 50 percent wrong you have made 50 percent right in the real world, that means you are a billionaire that you have had tremendous impact. to be able to think about our thinking. To think about how we think about things is incredibly important, it makes us an observer. Usually we end up being very reptilian or just very primal, we just react and we were emotional. Using a different part of our brain to think about how we are thinking about things puts us into a different plane where we are actually able to have more impact and have more calm and just a better life if we are willing to think about those things. So like the mistake piece if we think about how we process that over the years it may put is in a place where we are able to be more free from the mistakes and grow faster”…[Listen for More]
More About Damion Lupo:
Neil’s Quote at the Beginning:
“Dream it. Believe it. Build it.” Unknown
Other Quotes From the Chat with Damion Lupo:
- “the pain of going through being an entrepreneur, it’s not an easy journey”
- “one of the things that I am very clear on is that having people around me that have been through stuff that can call me out and be honest is a critical piece”
- “making sure we are really clear on our cash, understanding where our cash is and where it’s going and what the trends are. And this has to do with the numbers. Entrepreneurs tend to get very excited about their baby. We want to focus on our baby, tell the story of our baby, sell our baby, all this stuff and we ignore the numbers. And so, having somebody that is tracking the numbers right from the beginning, the bookkeeper, that one person… So the mentor and the bookkeeper are the two critical pieces to start with… without the mentor we have blind spots, without the bookkeeper we have financial idiocy and we make decisions based on our glands and our feelings instead of the reality of the results and numbers tell the story and they don’t lie ”
- “one of the greatest secrets is being willing to be honest about everything”
- “what is true? So, asking that question, getting to the truth of everything and just acknowledging it will literally set us free… You can’t fix a lie you have got to acknowledge the truth. That’s how we make progress, it’s how we move on to move forward. But without being honest about things it’s going to be Groundhog Day, going in circles on a merry-go-round, the same thing over and over again, and then we just complain. That’s not how we are going to live out our best potential.”
- “I love this idea of mastery. Mastery isn’t a moment in time, it’s not a success point, it’s a focus, it’s a commitment for our lives, it’s a never-ending process of growth and commitment to whatever matters, whatever you are here for”
- “there is an incredible amount of wisdom and depth and answers inside me”
- “You are trying to figure what to do . A tree should grow plants planted. And so, wherever you are planted is where you should grow and grow completely, not partially and then you won’t end up in a place of regret you will end up in a place of deep fulfilment”
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