Google+

Making Magic in a Less Than Mystical Economy

John Palumbo and Maury Povich

“To work magic is to weave the unseen forces into form; to soar beyond sight; to explore the uncharted dream realm of the hidden reality”. — Harry Houdini. (1874-1926)

A Magical Beginning

From an early age, John A. Palumbo, 45 has been soaring with the eagles and shooting for the stars. Mr. Palumbo was born in Birmingham, Alabama, the oldest of four children. His father, Leonard, a modest homebuilder and mother, Joann, a dedicated homemaker raised the family the best they could under conspicuously average conditions. As Mr. Palumbo described it in a2001 interview with Earl Daniels which appeared in the Jacksonville Times Union.

“I did not come from a wealthy family, but we were not poor either. My father insisted on raising us by enforcing the values that come from an Old Italian heritage. As a result my father had the typical visions of me becoming a doctor or an architect,” Mr. Palumbo said.

“At an early age, I was fascinated by magic. I would save my money and buy a trick, learn it, save some more money and buy another one. After a while I had enough tricks to put on a show and start charging admission,” he said. It is clear that in a young Palumbo that the wheels of business had already started to turn. As a teenager, he worked at a magic shop in Birmingham, Alabama. “I learned a lot of my life’s lessons from doing magic. Most of the money I earned at the magic shop, I used as spending money while I was in high school and college,” he said.

Mr. Palumbo did not earn a college degree, but says he used the knowledge he obtained in college as a stepping stone into the real estate industry.

Over the last 20 years, Mr. Palumbo has participated in as well as orchestrated hundreds of successful business deals. His unorthodox and savvy style has landed him the rights to intellectual properties such as the Alex Haley estate, which includes assets such as Roots and the autobiography of Malcolm X and most recently heobtained the rights to the America’s Dumbest Criminal’s television series.

The Magic of Mentoring

After spending some time with Mr. Palumbo, it quickly becomes evident that the magic that this businessman possesses is not in the millions of dollars he is able to generate, but rather in the millions of people that he has the ability to motivate. “I learned early on, that everyone needs a mentor and a motivator, I have had many along the way,” he said.

In the 1980’s, Mr. Palumbo met Florida Business tycoon, Ashley F. Ward, CEO of Ashley F. Ward Corporation. “It was Mr. Ward who first showed confidence in me and allowed me to tack on his name to one of my first major business deals, in the end the deal went through and I did not need his money, but I still sent him a check for $15,000. One of the main lessons, I learned from this is the value of my word,” Mr. Palumbo said.

Ward, who is now retired, said “I was surprised to receive the check, despite having not contributed the upfront money, legally he didn’t have to give me a penny, but I can see why he did. It’s because I would have done the same thing, I guess, it just seemed right to him.”

Gene Lambert, 50, a Tampa Florida businessman says he has known Palumbo for more then 30 years and that he has had a huge impact on his success as well as his life. “John is the most knowledge driven person I know, that is what makes him so successful at what he does,” said Lambert.

Palumbo and Lambert met in the late 1970’s while both working at competing clothing stores at the same mall in Birmingham, Alabama. Mr. Palumbo was fired because his employer felt he could not sell. As a result, Lambert tried to recruit Palumbo to come and work with him. Palumbo’s response was no thank you; he felt it was time to switch gears and leave the clothing industry behind and instead took a job selling condos. At which point he began to soar quickly to the top of the Real Estate industry. Once ascending to the top, he then recruited Lambert to work with him selling condos and then started showing him the ropes. The two of them then became colleagues and have remained longtime friends.

“Some of the best advice that John gave me was that I should start listening to as many motivational tapes as I could get my hands on, he has been my mentor for many years,” said Lambert.

Another long time friend, who has been touched by Palumbo’s charisma and drive, is Mike Friday, 43, Real Estate Developer in Huntsville, Alabama. He said Mr. Palumbo has also been a major influence and mentor to him over the past 20 years.

“John is a dynamic and magnetic person, when you are around him you always have a good time as well as learning something new, he just seems to pull you in,” said Friday.

Palumbo and Friday met at a Real Estate training conference in Birmingham, Alabama where Palumbo was speaking. At the time, when he first met Palumbo, Friday stated that he was a ship without a rudder. Ever since that conference, he said that Palumbo has became his rudder.

I believe one of the most important things that I have learned from John is to invest in yourself,” said Friday.

Mr. Palumbo is continuously honing his business skills by listening to literally thousands of success stories and motivational speakers on audio cassette and in person while sharing his experiences and extensive knowledge with others. He has built an impressive personal library consisting of a little over 7000 books and audio books. He clearly practices what he preaches when it comes to investing in one’s self.

“People ask me all the time if they can borrow my cassettes and books, however I rarely loan them out. It is not that I am stingy or worried about not getting them back, but rather I believe that you can get more out of these programs by spending your hard earned dollar to obtain them. I think that this gives you more of a personal relationship with the programs,” he said.

Mr. Palumbo appears on numerous television and radios programs, where he continuously shares his expertise on creative investing through the purchases of unusual investments such as viaticals, divorce liens, criminal restitutions, and life estates are just a few of his specialties as well as offering the viewing and listening audiences the opportunity to e-mail him at john (at) investmentgambler (dot) com for free investment strategies.

The Magic of Mentoring at Home

With all of his business ventures and speaking obligations Mr. Palumbo says his most important venture is installing his savvy style and values within his 13 year old daughter. He says when spending quality time with her, he tries to make sure she realizes the value of a dollar and the importance of the assimilation of numbers, she even gets her allowance by check. “Sometimes she does not always get to the bank for days, but this makes her more responsible in learning how to manage her own money”, he said.

“I do not want her to spend frivolously, I want her to grow up with good values and know how to balance a check book and take good care of a family some day,” said Mr. Palumbo.

A friend once asked his daughter, if her daddy was rich. She replied by saying, “my daddy is wealthy with love.”

As Palumbo continues to rise to the top of his field, he is more then willing to sprinkle a little magic and bring others along for the ride. Just be ready to hang on and soar to the top.

As seen on the Maury Povich Show, Executive Producer John Palumbo shared some of America’s Dumbest Criminals most hilarious clips.

John Palumbo shared some of America’s Dumbest Criminals most hilarious clips

REQUEST INFORMATION

Entertainment

God Bless Sweet Erica!

  Erica Ash The “Survivor's Remorse" and "Real Husbands of Hollywood” Interview with Kam Williams God Bless Sweet Erica! NAACP Image Award-nominee Erica Ash is currently starring as Brigette Hart, ex-wife of Kevin Hart, on the faux reality show “The Real Husbands of Hollywood,” as well as M-Chuck Calloway on the hit sitcom “Survivor’s Remorse.” Erica originated the roles of Addie “Micki” Harris and Dionne Warwick on Broadway in the … [Read More its Good for You.....]

Books

Book of Black Heroes

  Book of Black Heroes Political Leaders Past and Present by Gil L. Robertson, IV Foreword by Myrlie Evers-Williams Just Us Books Paperback, $12.95 80 pages ISBN: 978-1-933491-21-9 Book Review by Kam Williams “The first African-American political leaders began to serve following the Civil War...Known as Reconstruction, this period represented a window of opportunity for African-Americans... Many [Black] political leaders emerged … [Read More its Good for You...]

Art

The Day After the Day Of

  The Day After the Day Of by Paul Ilechko   The sky sheds its tears. This morning is the morning of the day after. The day of mourning, the day after the day of.  I beseech the sky to shed tears in order to wash away the tears on my face.   This is the first day of the time after. This is the beginning of a new time, the days of pain, the days of sorrow. We are in mourning. The sky looks down and sheds its tears for … [Read More its Good For You...]

Real Estate

Real Estate: Refinancing Rates on the Rise in 2017

  Real Estate: Refinancing Rates on the Rise in 2017 by Amy Lignor   The term ‘meteoric rise’ usually applies to something fun. Think: A Hollywood actor who has been ‘discovered.’) Unfortunately, when it comes to this article, ‘meteoric rise’ is something that will not bring a smile to one’s face. To put it simply, if you wish to refinance your home, you need to do it ASAP. If choosing to wait too much longer, homeowners across the … [Read More its Good for You.....]

Lifestyle

Healthy Living: The Cellphone Guide

  Healthy Living: The Cellphone Guide by Amy Lignor   Much like the political realm, there will always be debates and disagreements when it comes to the technological realm—especially when it comes to your health versus the almighty cellphone. Now, it is a fact that communication in the 21st century literally brought about a revolution. Mobile devices are being used and will remain at the top of “must have” lists for all ages for … [Read More its Good for You...]

Outdoors

Mollie Brings 2017 Gulf Coast Triple Crown Championship to Florida

  Mollie Brings 2017 Gulf Coast Triple Crown Championship to Florida   The Wharf, Orange Beach, Alabama: For the first time in its seven-year history, a charter boat has won the prestigious Gulf Coast Triple Crown Championship. Mollie, a 66 G&S operated by Capt. Jeff Shoults of Destin, Florida, captured the title after competing in the Blue Marlin Grand Championship that just concluded. Eric Hayles and Chance Young are the two mates working … [Read More its Good for You...]

Sports

Esports on a Meteoric Rise in 2017

  Esports on a Meteoric Rise in 2017 by Amy Lignor   Okay…we all know that football is America’s favorite sport. Or…is it? NASCAR has a wide following. People still love to go to the ballpark in the lazy summer days to watch a Yankee hit a homerun. There are those who love to practically melt in the summer watching the Williams’ sisters prove that tennis is a ‘cool’ sport. And, there are gazillions of soccer fans all over the globe … [Read More its Good for You...]

Business

Is Social Media Still Growing?

  Is Social Media Still Growing? by Amy Lignor   It was in 1999, Bill Gates wrote a book titled, “Business @ the Speed of Thought.” Within these pages, the man who became the computer world’s wizard made massively bold predictions that, at the time, sounded ridiculous and outrageous to those who read them. But when you look at how the social media realm has grown over the past few decades, it is important to take note that not only … [Read More its Good for You...]

Travel

Vacation Locations: Knowledge is Fun Too!

  Vacation Locations: Knowledge is Fun Too! by Amy Lignor   Most children (and adults, too) will either roll their eyes or sigh when, while speaking about vacation locations, the word “learning” just happens to be mentioned. Yes, it is a fact that school trips take all of us during our younger years to everything from museums to libraries to historic locations in order to teach us things we should know. But when thinking about your … [Read More its Good for You...]

Green Living

Creating the Perfect Vegetable Garden

  Creating the Perfect Vegetable Garden by Amy Lignor   Many are still dealing with that wintery mix Mother Nature just loves to toss down from the sky this time of year. Yet, that gardener living inside the soul – the one just dreaming of the sunny skies and lazy rainy days that are must-haves in order to grow the best vegetables possible – is already jotting down the facts, tricks and tips they need to know in order to make that … [Read More its Good for You...]