Many real estate investors get into real estate to supplement their retirement plans from their 401k and IRA accounts. Retirement planning is a key component to financial freedom, yet our current financial system is shackling many investors, according to Damion Lupo. He goes as far as to call the current financial model modern-day slavery. The big banks don’t want you to know about the tools you can use to create financial freedom and control your own money. That’s why Damion created a tool to help investors break free from the chains of big financial institutions to control their own retirement funds through his eQRP tool.
Damion is an entrepreneur and owner of 50 companies and the best-selling author of 11 books. He sees how financial institutions control where Americans invest their money and how they feed off of investors for their own personal gain. He explains the limitations that come from a 401k and while an IRA, particularly a Self-Directed IRA has more options, there are still limitations.
Damion shares his views on the financial services industry, why he feels the eQRP is a better fit than a 401k or SDIRA, and how UBIT (Unrelated Business Income Tax) may impact investments through a retirement account.
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Key Takeaways
Started a wholesale/retail Nintendo business at 11 years old
Early entrepreneurial ventures losing 20MM in 2008 and bouncing back
Finance is modern-day slavery
How Damion launched a company that put a college book store out of business.
Are you going to be first, cheaper, or better than your competition?
How Damion helps people break their financial shackles
A quick history lesson on the origins of money
Achieving financial freedom in a world of capitalism
A better way to think about money
How financial services institutions control where American’s save or invest their money.
Financial institutions are not there to make you rich, they are there to feed on you.
The truth behind traditional retirement planning
The first steps to take in making wise and profitable investments for your future
Breaking down the particulars of a QRP (Qualified Retirement Plan)
Compounding interest is only good when it’s in your favor
Understanding the differences between a QRP, 401K and an IRA
Typically, a 401K gives you options for mutual funds and is very limited. An IRA has more options, but you’re still limited.
Financial details on how a eQRP stacks up against a self-directed IRA
The slick financial marketing ploys that are used
How retirement planning services are money-making systems for everyone but you
Wall Street and financial Institutions don’t want you to know that you can control your money and not pay their fees.
Understanding how UBIT (Unrelated Business Income Tax) works with retirement funds and investors
Who should be using eQRP
Partner: Text “EQRP” to 72000 and receive a special eQRP report on taking control of your retirement money
Bullseye Round
Apparent Failure:
Losing 20MM in 2008 was one of the greatest gifts ever because it forced me to learn the lessons and be better.
Digital Resource:
The ‘off’ button (turn off your phone, computer, TV, etc. and just think)
Most Recommended Book:
Your Greatest Power (Martine Kohe)
Mastery: The Keys to Success and Long-Term Fulfillment (George Leonard)
Daily Habit:
Connecting to nature
Wish I Knew When I Was Starting Out:
How little I knew and surrounding myself with smart people.
Curious About Right Now:
How long it will take to disrupt our financial system with Defi and cryptocurrency.
Best Place to Grab a Bite in Sedona, AZ
Local Juicery
Contact Damion:
Free eQRP Book (Get checkbook control of Your 401k & IRA Money)
Other Resources:
How to Bounce Back from Failure with Damion Lupo – Target Market Insights Episode 30
