E53 – Damion Lupo from Transformation Nation

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Damion Lupo is a best- selling author in personal finance and money thinking. He is the host of the Transformation Nation podcast and had owned over 30 companies.

Damion outrightly rejects regret and speaks to it as the ultimate life failure. He has a
unique approach to living a full-filled life by breaking rules and making more mistakes,
faster, than the competition.

In 2008 he lost the entire $20 million but recreated his wealth and reinvented his life
over 4 transformational years.

Welcome Damion!

[3:45]聽So first, you lost a $20 million company? What happened?
路聽聽聽聽聽聽 Everything I was, was my checkbook
路聽聽聽聽聽聽 Very dangerous mindset
路聽聽聽聽聽聽 Found something more than money

[6:48]聽So if you could go back in time, what would you tell a younger version of yourself?
路聽聽聽聽聽聽 Kept an older mentor
路聽聽聽聽聽聽 Wish I would have listened to others

[10:24]聽What skills and tools do I need to be a great investor?
路聽聽聽聽聽聽 Real money
路聽聽聽聽聽聽 Don鈥檛 paper trade in the stock market or in crypto

[14:2]聽What are the top 3 things you learned from starting more than 30 businesses?
路聽聽聽聽聽聽 Things take longer than we think it will
路聽聽聽聽聽聽 Not having enough money to survive
路聽聽聽聽聽聽 You have to sell something

[16:30]聽You hate the word retirement. What are your feelings about this?
路聽聽聽聽聽聽 Focus more on experiences, less on things
路聽聽聽聽聽聽 Retire into your career
路聽聽聽聽聽聽 People die quickly after retirement most of the time

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[23:25]聽Why do you think people fail at achieving their dreams?
路聽聽聽聽聽聽 They play not to lose instead of playing to win
路聽聽聽聽聽聽 Afraid of being judged.

[24:48]聽What other books or podcasts do you recommend?
路聽聽聽聽聽聽 Podcast: Rich Dad
路聽聽聽聽聽聽 Books: Mastery, Principals, The One Thing

[26:7]聽What is the best advice someone has ever given you?
路聽聽聽聽聽聽 Stop and smell the roses. Life goes fast

[26:51]聽What is your favorite quote?
路聽聽聽聽聽聽 Mistakes are never a failure they are an opportunity from the universe from God to grow and if you embrace them, your life will truly be exceptional

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Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 300,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

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