Relationships Eliminate Competition-with Damion Lupo-EP50

During this episode of the Lab Coat Agents Podcast, hosts Tristan Ahumada and Jeff Pfitzer speak with Damion Lupo, a serial entrepreneur who has started over fifty companies and written ten books on personal finance. They discuss why relationships are everything, and connecting with people matters more than automating systems. You’ll also hear Damion’s innovative approach to retirement savings and designing your life in this inspiring episode.   Episode Highlights:  Damion Lupo is a serial entrepreneur. He bought 150 homes as an agent investor. Then he lost 20 million dollars in the 2008 crash. When he started investing, he found martial arts. He has since created his own martial arts system that involves both healing and self-defense called yokido. Damion feels that emotional intelligence has everything to do with success. Left brain mechanisms are being automated by technology. We must focus on building relationships and connecting with others. Until we're still, we're not present enough to actually know what's going on. The easiest way to learn how to be still is to learn how to meditate. Damion has a “no ding” policy. Most people are chasing the ding. Damion speaks about how chasing the ding is self-sabotage.  Your life can change if you shift your environment. He moved to the mountains for a month to escape the pattern of stimulation. Jeff describes how impressed he was by the box Damion’s book arrived in. Relationships eliminate competition. When we can figure out how to put our DNA into all the work that we do, people recognize us. Do work that matters and connect with people. Damion spends a lot of time thinking about how to do something that is remarkable or exciting. He speaks in favor of humanizing over automating. People can feel energy. They can tell when you are just concerned about yourself or about making money. The EQRP is a retirement account that you have control of. When it comes to retirement, hope is not a strategy. Think about designing your own life. The EQRP can play a role in that. The EQRP allows you to start putting money into a vehicle that you can start directing. Start talking to your clients about this as an investment opportunity. You're serving them with new tools and resources. Whenever money comes in, reserve some for yourself and reserve some for the IRS. Damion pays off his credit cards every day. Figure out simple ways to develop habits and rituals. Don't try to start fifteen different habits at once. Damion gets help for the habits he wants to create. If you respect somebody, you're more likely to do what they suggest. Why not apply the same mindset you have about paying your cap to paying your taxes? We tend to fall in love with the outcome rather than the process. Fall in love with the process and that will take the stress away. If you want something to happen, go public with it and ask people to hold you accountable. Focus on the best principles and make sure your life is in alignment with those. Damion writes books to clarify his thinking. Reinvented Life is about how he reinvented himself from a hedonistic person to someone who lives to help others. Unicornomics is based on starting over fifty companies. When you do something over and over again, you tend to learn what not to do. Structure is extremely important when you're starting something. Hire a coach immediately when you start a new business. Find someone who will see your blind spots. Today the most important thing is the relationship. Social media is temperamental. Ultimately we are social beings that want loving connections. Mindfully decide to give your relationships your energy. 3 Key Points: We must focus on connecting with others and building relationships if we want to succeed. The EQRP is a potentially life-changing retirement account that allows you to direct where your money is going. Focus your energy on relationships that go beyond social media.  Resources Mentioned: LCA Marketing Center: LCAmarketingcenter.com Lab Coat Agents: LabCoatAgents.com Damion Lupo website, LinkedIn Receive Damion’s book about  the EQRP by texting 72000 EQ (book) Reinvented Life (book) Stillness is the Key (book) The Power of Habit (book) Principles (book) Unicornomics (book) Peak Prosperity (YouTube) Connect with Lab Coat Agents: Lab Coat Agents on Facebook Lab Coat Agents on Twitter Lab Coat Agents on Instagram Lab Coat Agents Facebook Group