CFD 410 - Taking Total Control Of Your Finances
This episode dives into why the typical view of investing and retirement is wrong and how you can take back total control of your finances.
An entrepreneur at heart, first business at age 11, started 30 more since. Founder of his own martial art, Yokido ™, and holder of 3 other black belts. Damion paid for his first rental house with a VISA, bought 150 houses in 7 states over next 5 years and then went through a $20,000,000 meltdown in 2008.
Today he runs an Austin based FinTech dedicated to Disrupting Wall Street by getting people off the Wall Street Roller Coaster and in control of their money and financial future. Damion has written 5 books with two more being released in 2017.
Podcast Highlights
- Who is Damion Lupo?
Damion’s mindset has always been that anything is possible. This turned him into a disruptor of the norm.
Your past becomes damage that prevents you from thinking in ways that seem outlandish, being naive can actually be a huge benefit. Your influences are what you become.
- Top 3 Lessons From The Financial Meltdown
Failure is an opportunity to learn. You have to own the things that happen in your life, responsibility is what gives you control.
Entrepreneurs often identify with their balance sheet, which is not the truth of who they are.
- Reinventing Damion
If you don’t fundamentally change your spirit, you’re going to repeat your past. You have to be willing to invest in yourself.
After Damion’s father became sick, Damion made the decision to help other people unlock their freedom and avoid regret.
- What Total Control Financial Does
There are three things that matter to us most in life, Money, Health, and Sex. If you don’t have freedom and control in your financials it can be like shackles on the rest of your life.
Keep control of your assets instead of giving away your control to Wall Street. The system tries to tell you that you aren’t smart enough to make your own choices about your money.
- Obstacles And Failure
You have to have experience to be able to succeed, failure is how we learn. You don’t get your superhero powers by reading a book, you have to go into the life gym and bleed and sweat.
The people you know and like don’t always make good team members, it can make having difficult conversations even harder.
- The Craziest Investment Damion Has Seen
- A Different View Of Retirement
Why would you quit once you’ve gathered decades of wisdom?
You have to find a way to connect and contribute. When you contribute you learn faster.
- Damion’s Takeaway
Use the Blank Slate Principal. How many things and people in your life are there by default that are not helping you grow into the person you want to become?
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