The banks and the Government WILL take your money. It’s just a matter of when. Just ask Damion Lupo.
Sorry, your 401k and superannuation accounts are not safe.
Most people don’t realize what measures governments have taken to get out of debt, including taking their own citizens money. Most people don’t also realize just how much they’re paying in exorbitant fund manager fees, that they just don’t need to.
In this interview with Damion Lupo, he shares with us some great insights into what is really happening with your retirement fund. The government is not going to take care of your finances for you. Neither is your hedge fund manager.
No one will take care of your finances better than you can. The good news is that there are a lot of options available for you.
Topics discussed during this podcast include;
- Why your 401k or superannuation account is not safe
- The options you have in what you can do with your retirement money
- Why you shouldn’t trust banks and fund managers
- And much more!
You can play this session of the podcast here:
Websites referenced during the podcast:
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Here’s a timeline of the topics discussed during the podcast:
0:00 – Damion Lupo intro and bio
1:45 – Damion’s book ‘Reinvented Life’ and his life journey
4:00 – Resetting your life
7:00 – Why did you decide to start ‘Total Control Financial’?
10:30 – What is Total Control Financial’s mission?
13:45 – What can you do with your 401k? Can you start a business with it?
15:30 – Do people really pay $3,000 in fund management fees?
17:00 – Fund managers have no incentive to make your finances grow
17:30 – There is a bigger Wall Street crash to come; bigger than 2008
21:20 – We need to understand that governments have in the past, and will in the future, take your money if they deep in debt
24:00 – How to get a copy of Damion Lupo’s book ‘Guide to the QPR’ for free
Here’s what I got out of this interview with Damion Lupo…
1. No one is going take as good care of your money as you will
Don’t trust your money to anyone. Take care of it yourself. You’ll save a ton of money in fees and will be able to get a better return.
2. The banks will fail again
Don’t leave your retirement money, or any other large sums of money in the bank. Just as the banks failed in 2008, they will fail again. This time they will fail even more dramatically.
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