583. Creating Change, Transforming People
Damion created several businesses from his college dorm room. When one of his startups was putting the campus bookstore out of business, the college invited him to leave. Soon it dawned on him, “Hey, I’m supposed to be creating my own career path here.”
Damion Lupo is an entrepreneur at heart. He started his first business at age 11 and has created 30 more since. He founded his own martial art, Yokido™, and holds three other black belts. Damion paid for his first rental house with a VISA, bought 150 houses in seven states over the next five years, then went through a $20-million meltdown in 2008. Today, he runs an Austin, Texas-based financial technology company dedicated to disrupting Wall Street by getting people off the Wall Street roller coaster and in control of their money and financial future. He has written five books, with two more being released near the end of 2017.
How Did You Start Using Your Talents?
“In college, I started businesses in my dorm room. I kept doing this until I was invited to leave school or get thrown out, because I was putting the bookstore out of business. At that point, I realized that I really wasn’t supposed to be an engineer or a math guy, I was supposed to be out there creating things and transforming things.”
The Most Impactful Turning Point?
A late-night infomercial launched Damion into building a real estate empire, ultimately valued at $20 million. He vividly recalls the moment in his early 20’s when his thinking broke out of scarcity mode and into abundance overdrive. He was selling his third house, offering a low down-payment when the buyer gave him a check for $25,000. “That was the equivalent of what my parents had netted in almost an entire year. There was no more trading my time for money. It was really about my ideas. I realized it’s how I think that will create wealth, not showing up for a rigid corporate job as an industrial cog.”
The Most Powerful Lesson Learned?
“There was this little inner voice saying ‘you’ve got to do something that’s more impactful, more meaningful, that’s about transformation for other people. If you want to truly be wealthy—not just millions in your bank account but truly wealthy—you’ve got to teach people, inspire them and give them the ability to also be truly wealthy.’”
On His Bookshelf
Mastery: The Keys to Success and Long-Term Fulfillment, by George Leonard
The 10X Rule: The Only Difference Between Success and Failure, by Grant Cardone
The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage, by Daymond John and Daniel Paisner
Thinking for a Change: 11 Ways Highly Successful People Approach Life and Work, by John C. Maxwell
Reinvented Life, by Damion Lupo and Christofer Ashby
Steps to Success from Damion Lupo
1. Reduce the noise and chatter to a level of quiet that lets you hear your inner guidance. Turn off your phone and log off everything occasionally.
2. Value your time. Money can be replaced, but time cannot.
3. Take action. Action is where the growth and magic are. When you know your direction, take action.
4. Surround yourself with people who will challenge and inspire you, who are further along the path you have chosen.
Connecting With Damion Lupo
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