The Smart Real Estate Coach Podcast|Real Estate Investing Episode 53: Extreme Confidence with YOUR Finances
Damion Lupo is a bestselling 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 outrightly 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.
What you’ll learn about in this episode:- Why breaking rules and making more mistakes faster can actually help you live a more fulfilled life
- The importance of reinventing yourself as necessary and rolling with the punches (life is going to send them your way, after all)
- Why Damion believes everything happens for a reason, even though it may feel devastating at the time
- Why it’s not all about the money and why that kind of thinking will leave you destined for failure
- Reasons you need a mission for your investments and a purpose, or a long-term goal to keep you motivated and driven to succeed
- Why Damion believes you shouldn’t get in a mindset of retirement and should continuously seek new ways to contribute
- What the better alternative to retirement is – financial independence – and what it really means for the average person facing an uncertain financial future while searching for the freedom to make choices about their money without overwhelming fear
- The critical resources necessary for successful investing
- The purpose and importance of mentors to help you avoid some mistakes while allowing you to make other mistakes that will help you grow
- Why a lack of patience can be the most detrimental thing any investor could possess
- Why getting back up and moving on to the next thing is the MOST important thing you can do in business