005: Financial Mentoring with Damion Lupo
Your First Thousand Clients with Mitch Russo
Mitch Russo
5.0 • 104 Ratings
🗓️ 29 May 2017
⏱️ 39 minutes
🧾️ Download transcript
Summary
Damion Lupo has started and owned more than 30 different companies including an insurance agency, a precious metals firm, a venture capital company, a financial consulting firm, and more than a dozen real estate investment and development companies.
He is a 5 time author and sought after financial consultant for accredited investors and business owners.Using a vast knowledge of financial markets, money psychology and pattern recognition he’s an expert at quickly diagnosing hidden financial cancers with clients and their organizations and rewiring both for success.
In this episode, Damion Lupo and I discuss:
- How created his business on a credit card
- Losing everything
- Basics of starting a business
- Process to identify the elements of failure
- Evaluating yourself
- Everything you need to know about restarting the business
- Creating a team of great people
- Serving people and developing relationships
- Testimonials of customers
- Setting plans
- Getting out of comfort zone and utilizing everything you got
- About financial teaching
Resources Mentioned in This Episode:
Damion’s book – Reinvented Life
Podcast Sponsor:
Love the show? Subscribe, rate, review, and share!
Join Your First Thousand Clients Community today:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to your first thousand clients with Mitch Russo. |
| 0:07.0 | So, listeners, what would happen if you built the business on a credit card, grew it to $20 million, 150 properties, and then |
| 0:19.6 | lost it all. |
| 0:21.7 | Would that be a bad day for you? Well the gentleman you're going to hear from today, |
| 0:26.1 | Mr. Damien Lupo, did just that. And today he's recovered quite nicely I might say |
| 0:33.7 | Damien could you tell us the story and welcome to the show. |
| 0:37.1 | Hey Mitch it's great to be here and I would love to share the story and it's it's a story that I didn't want to share for a while because it was so painful and now it's it's one of those things where I look back and I go wow what a gift what a gift to have gone through that thing and and really it was in the beginning it was everything was good. I mean I was struggling |
| 0:54.3 | along building my business and I did that for about eight years. It started out with a |
| 0:59.1 | credit card buying a rental house and cutting my teeth in the real world of real estate investing in |
| 1:05.6 | business, built up a team and everything was going pretty well especially |
| 1:09.9 | because I seem to have time to market which was a kind of a coincidence but it you know I'll go with that when when we time things and we we end up on on the right side of something I think it's good to just embrace it and I did the problem was I ended up not realizing that I |
| 1:24.2 | didn't have a foundation and and about eight years later ended up with a 20 |
| 1:28.8 | million dollar portfolio that just absolutely blew up during 2008 and so a multi-million dollar net worth |
| 1:35.2 | vaporized and and so I had to sit in the timeout box for a few years and just |
| 1:41.4 | kind of lick my wounds and and start over and ask the question |
| 1:45.9 | how am I going to do this different next time how am I going to be different next time and |
| 1:49.5 | and then had to spend that a few years really figuring that out and then started over and |
| 1:55.1 | that's where we are today where we've we've built a business or I've created |
| 1:59.8 | this something different and it's different because there's a different foundation because there's a different me because I rewired me and that was the |
| 2:06.6 | huge difference that if I hadn't done I probably would be sitting on a similar type of |
| 2:11.2 | ticking time bomb like I was in 2008. |
| 2:14.0 | Makes a lot of sense. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Mitch Russo, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Mitch Russo and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.