Ep 0071 Reinventing Life – What is True with Damion Lupo

Reinventing Life – What is True

Damion Lup

o spent over $1,000,000 investing in growing himself. We learn about the life lessons he learned through the struggles he encountered.

Money Learnings: Damion grew up in a scarcity environment. There was no money to play Nintendo so he created his first company at 11.

Take away: What is true?

Todays Action Step: What are your behaviors – Look at your cash, credit card and calendar to see how you behave and ask yourself is this who you want to be?

Bio: Damion Lupo is a Best Selling Author in personal finance and money thinking, host of the Transformation Nation podcast, owner of 30+ companies and founder of his own martial art – Yokido ®

Damion out rightly rejects regret and speaks to it as the ultimate life failure. He has a unique approach to living a fulfilled life by breaking rules and making more mistakes, faster, than the competition – his key to success.

Playing by a different set of rules, he even bought his first rental house with a VISA, a move that snowballed into owning 150 rental houses in 7 states in less than 5 years. In 2008 he lost the entire $20 million but recreated his wealth and reinvented his life over 4 transformational years.

Today he leads 3 global companies with one unified mission – to Free People from Money Bondage.

https://damionlupo.com/

Highlights from this episode:

Damion started out at 11 buying used Nintendo games wholesale and then selling them after he played them for a profit
Taking action is required, thinking about it is not enough.
When you define what you are looking for the opportunity appears.
Damion has lost all his money several times.
Why we need to worry about FOMO. (Fear of missing out)
Why sitting still and waiting may be more important than doing something.
How to overcome failure.
Disconnect your net worth from your self worth.
You either win or learn!
Learn to let go….. how giving away money helps to do that.
The price you pay to create wealth.
Letting go of regrets.
How safety causes pain.
The majority of people play it safe and don’t do anything. There is very little competition for success.
Why send hand written cards?
Damion has spent over $1,000,000 on self improvement. Make an investment in yourself.
Successful people want to surround themselves with successful people.
Focus your time on what’s important, systematize the rest.
The power of saying no!
Why you need a mission beyond making money.
Take the time to understand yourself and your values.
Damion’s mission is to free a million people from financial bondage.
What creates a happy and successful life?
Why the Ferrari didn’t create happiness.
What drives you?
What is true?
Parenting advice and why college may not be the answer.
Be open to making mistakes.
And much more.