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Achieving Freedom By Taking Control of Your Financial Future with Damion Lupo and Tommy Mello

📅 December 25, 2019 ⏱️ 53:47 🎤 Tommy Mello, Damion Lupo

Chapters

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  • 0:00
    Intro: meeting Damion Lupo
  • 1:36
    Making money vs. keeping money — two skill sets
  • 2:39
    Aikido, presence, and releasing tension
  • 7:36
    Patience and compounding: staying in line
  • 10:51
    Significance vs. a soul-driven mission
  • 21:05
    Learning from mistakes and losing $20 million
  • 24:54
    The QRP: tax-advantaged legacy wealth
  • 30:50
    Holding yourself accountable to a 10x vision
  • 33:36
    Falling in love with your KPIs
  • 35:48
    Know your net, not just the top line
  • 42:14
    Deciding on facts and the 80/20 rule
  • 48:44
    Books and closing

Speakers

T
Tommy Mello
Host — A1 Garage / Home Service Expert
D
Damion Lupo
Financial Expert & Author — Founder of eQRP

Key Takeaways

✦

Making money and keeping money are two different skill sets — plenty of people earn well but never build the discipline to hold onto and grow their wealth.

✦

Wealth is built through patience and compounding: buy assets and let them grow, rather than impatiently jumping to the back of the line for the next shiny thing.

✦

Confidence in your ability to recreate wealth matters more than the money itself — that inner skill set is what lets you rebuild even after losing it all.

✦

Know your numbers cold and stay close to marketing, the lifeblood of the company — Damion lost $20 million partly because no one gave him the true picture of his finances.

✦

A QRP / self-directed retirement plan gives you checkbook control, lower fees, and the ability to invest in real estate, businesses, and metals to build tax-advantaged legacy wealth.

✦

Adopt a 10x vision instead of 10-20% growth — a 10x goal forces you to reinvent the business rather than just do a little more of last year, and to fall in love with your KPI drivers.

✦

Make decisions on facts, not feelings — use the numbers and the 80/20 rule to cut the bottom 80% of customers and double down on the profitable top 20%.

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