Dave Lukas Chats with Damion Lupo
217: From $20+ Million in Debt to $20+ Million in Wealth, Business and Investment Wisdom from EQRP.co Founder, Damion Lupo
This week’s Misfit Entrepreneur is Damion Lupo. Damion is the founder of multiple businesses, EQRP co, My Gold Adviser, and Financial Underdogs. Damion’s mission and that of his businesses is helping people break financial bondage by empowering them with the tools and training to be financially free in retirement.
And if that is not enough, the guy has published 12 books, is the comeback king after losing $20 million and being negative $5 million – he built it all back and surpassed where he started, and is a multiple degree black belt who created is own martial art called Yokido.
Needless to say, Damion’s experience, mission, and discipline has allowed him to become the leading voice in helping realize how to take control of their financial future and I’m excited for him to share his wisdom with you today.
Damion’s path was all over the place. He originally had gone to the Air Force Academy and was going to be a fighter pilot but had issues with his eyes and ended up working in the article circle. After a little while, he went back to school and ended starting a textbook business out of his dorm room that paid for his school – until the school shut him down and would not allow him to run it.
The universe kept giving him feedback to be an entrepreneur and after he left school, he embraced it. As he says, “I’m a bad employee – I got fired from a volunteer position…”
He then started into real estate and learned how to use other people’s money and did it 150 times. He was naïve and just focused and took action amassing millions in property. Things went great until 2008 hit.
Damion got caught up in the 2008 bubble and lost $20+ million. He lost everything and after a few years, he finally admitted defeat and lost the game. He went to work on himself and found that who he truly is, is a teacher, but he needs to be in trenches doing the work too. He shifted his focus to freeing 1 million people from financial bondage. It took him 10 years to go from the crash to surpassing his previous wealth.
Can you elaborate on what truly happened in 2008 and what happened to you so people can learn from it as the market is heated up again?
What is EQRP?
Why is it better to specialize than diversify?
What type of investments can be done that people don’t know can be done and how do they give you more control?
At the 26 min mark, Damion talks about how you can do an EQRP account…
What should people know about investing in real estate in these accounts?
“Money makes people stupid. And a lot of money makes people super stupid because they think they can solve all of their problems with money and the reality is they just gave up thinking.”
At the 31 min mark, Damion talks about how is not a good fit for EQRP.
We also talk about personal responsibility and empowerment and not playing the role of a victim.
How did you go out and create your own martial art?
What principles from martial arts have a made a big difference for you in business?
What is something you think every entrepreneur should know?
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