How to Protect Your Hard Earned Money In this Crazy Financial Environment with Damion Lupo
Damion Lupo is a serial entrepreneur and best-selling author in personal finance who is rewriting the rules and plans for retirement. Damion has $438M dollars in assets under management and has raised $100s of millions of dollars. He is on a mission to free 1 million everyday investors from the broken traditional retirement system.
Damian shares his journey from being thrown out of college for starting a bookstore to losing $25 million in 2008 and becoming homeless. He emphasizes the shift from chasing money to solving problems as the key to his success. Damian also discusses his latest venture, FrameTech, a revolutionary construction company focused on vertical integration and automation in framing.
The conversation delves into Damian's views on investing, particularly in the current market climate. He highlights the importance of taking control of one's investments and diversifying beyond traditional options like stocks and bonds. Damian introduces the concept of EQRP (Enhanced Qualified Retirement Plan) as a versatile retirement account that allows individuals to invest in a wide range of assets, from real estate to precious metals.
Furthermore, Damian shares insights on financial planning and retirement goals. He challenges the conventional wisdom of accumulating a specific monetary target for retirement and instead focuses on achieving financial freedom by eliminating personal debt and generating passive income.
