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The Dad Edge Podcast

Transcending Financial Problems Once and for All with Damion Lupo

The Dad Edge Podcast

Larry Hagner

Project, Self-improvement, Stevenson, Podcast, Edge, Education, Kids, Shawn, Family, Kids & Family, Fathers, Fatherhood, Community, Advice, Dad, Good, Health & Fitness, Children

4.81.5K Ratings

🗓️ 19 June 2017

⏱️ 101 minutes

🧾️ Download transcript

Summary

Is our money really safe in the stock market, IRAs and 401ks? Or is it best to diversify? What is it Wall street doesn’t want you to know when it comes to your money? Financial mentor Damion Lupo reveals the astonishing truth about how investment works to help us take total control of our money and transcend financial problems once and for all. For the show notes and exclusive links mentioned in this episode CLICK HERE.

Transcript

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0:00.0

Is all of our money safe in Wall Street and in our IRAs and our 401k's?

0:05.6

Or is it best to diversify? What is it that Wall Street doesn't want you to know when it comes to your money. That is today's

0:15.3

podcast. We are men. We are warriors. We are dads with a purpose.

0:24.0

dads with an edge.

0:26.0

We sharpen our skills so we can show up best for others.

0:30.0

We have one shot in life to be a dad.

0:36.0

Why not make it epic.

0:44.3

What up guys? guys welcome to episode 116 of the GDP podcast.

0:49.7

Today I've got a guest on that, know I today was an education for me I brought on a

0:56.0

guest that will help us and help our audience diversify our retirement funds.

1:03.0

And to be honest with you guys, I never knew a lot of the information that we talked about today because I'm just an average guy just like all the other guys listening to this.

1:10.0

And I probably know just enough to be dangerous when it comes to my retirement plan,

1:16.1

my 401k, my IRAs, my Roth accounts, college savings plans and all that good stuff. The thing that I've never really

1:23.8

enjoyed about having all my money wrapped up in the market is as you guys have

1:30.3

seen the market goes through ebbs and flows and sometimes we get beaten down like in

1:34.7

2008 when we hit a giant recession. People lost hundreds of thousands of dollars and I know even

1:48.8

friends of mine's parents who were set to retire in 2008 and then ended up having to work five more years because Wall Street took such a hit during that year and people lost hundreds of

1:56.1

thousands of dollars and most of us will go our entire lives on automatic pilot when it comes to our retirement funds, when it comes to

2:04.5

401ks, when it comes to mutual funds, working with an advisor.

2:08.6

And while I definitely encourage you guys to work with an advisor because in our own lives we're usually much too busy to do our own investing and sometimes that can be really really dangerous.

2:19.0

However, one of the things we don't do is we don't educate ourselves on all the different

2:25.5

financial products and vehicles out there that can help us with our retirement.

...

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