Listen "Surprise You Owe 25k in Taxes - Damion Lupo"
Episode Synopsis
Many people think that the safest and the best way to keep their money is using conventional financial instruments everyone is familiar with, however, in today’s episode, Damion Lupo argues otherwise. Just because it looks safe and convenient does not mean it’s suitable or beneficial for you. In fact, maybe Wall Street is already preparing your rabbit hole of overwhelming tax. Keep your ears open and watch out for the call to action you might implement in handling your money more wisely.[00:01 - 04:30] Opening Segment I welcome today’s guest, Damion LupoHis story on financial mishaps and starting over[04:31 - 11:37] The Caveat to Better-Known Financial InstrumentsRefrain from the bondage of money and being enslaved by ignoranceWhy 401k is great for victimsComparing real estate investing, eQRP, 401(k), and IRA[11:38 - 20:43] Overcoming the Primal Fear to ShiftWhy it’s difficult to start the shiftUtilizing the right tools for better benefitDiscovering ins and outs of well-known investments[20:44 - 23:40] Closing SegmentIgnorance has detrimental consequencesFinal wordsTweetable Quotes:“It's one of three times that I've lost all my money...every one of those was about ego and ignorance. You combine the two of those things, and it's really dangerous, especially when you start making money.” - Damion Lupo “I think today, money is modern day slavery. I think people are trapped in the cage, and they don't know what to do about it.” - Damion Lupo “There's momentum, what we've always done is what we tend to continue doing because it's easier than when you start shifting. And there's a lot of energy, and there's the unknown.” - Damion Lupo Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the showAre you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
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