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

Entertainment

Blake Lively Shines as Surfer Stranded in Shark-Infested Waters

  The Shallows Blu-ray Review by Kam Williams Blake Lively Shines as Surfer Stranded in Shark-Infested Waters Nancy Adams (Blake Lively) was so shaken by her mother's (Janelle Bailey) untimely death that she's dropped out of med school. In order to feel closer to her dearly departed mom, she's decided to vacation at the same exotic Mexican retreat where she was reportedly conceived back in 1991. An avid surfer, she also plans to search … [Read More its Good for You.....]

Books

Richards Rocks!

  Sandra L. Richards The “Rice & Rocks” Interview with Kam Williams Richards Rocks! The American-born daughter of Jamaican immigrant parents, Sandra L. Richards is the author of “Rice & Rocks.” She hopes that her debut picture book will serve as an educational resource for families seeking to teach their children the value of their heritage and the importance of cultural diversity. Sandra completed both her undergraduate and … [Read More its Good for You...]

Art

More Than a Score

  ACRONYM TO FOLLOW by Peter Brav   Finally Our Day has come There’s a Day for everything For doughnuts, siblings, eight track tapes Grilled cheese, daughters and sons to work Encouragement, Alzheimer’s Coffee, math, chewing gum Blasphemy, yo-yos And now finally One for us Truly a Day to celebrate National Don’t Shoot An Unarmed Brother Doctor King Not Seeing Progress George Orwell Laughing It Is So About the … [Read More its Good For You...]

Real Estate

New Home Sales Jump in April

  New Home Sales Jump in April By Burt Carey Sales of new homes hit their highest rate since 2008 in April, according to the Commerce Department’s U.S. Census Bureau. April sales increased 16.6 percent over March figures, which correlates to a seasonally adjusted rate of 619,000 home sales projected for the year. The median price of those new homes was $321,000, the highest median price ever recorded. That’s up 9.7 percent … [Read More its Good for You.....]

Lifestyle

Richards Rocks!

  Sandra L. Richards The “Rice & Rocks” Interview with Kam Williams Richards Rocks! The American-born daughter of Jamaican immigrant parents, Sandra L. Richards is the author of “Rice & Rocks.” She hopes that her debut picture book will serve as an educational resource for families seeking to teach their children the value of their heritage and the importance of cultural diversity. Sandra completed both her undergraduate and … [Read More its Good for You...]

Outdoors

Apex Gear ACCU•STRIKE XS Series Bow Sights

  Apex Gear ACCU•STRIKE XS Series Bow Sights By Brad Fenson As an avid bowhunter, I’m always looking for a sight to not only help me acquire a target accurately and quickly but provide adjustability while being lightweight. It might be a lot to ask for but with a wide array of hunting situations, you have to be selective in your equipment to ensure you are always successful in the long run. The Apex Gear ACCU•STRIKE™ XS was … [Read More its Good for You...]

Sports

There Are Superheroes Among Us

  There Are Superheroes Among Us by Amy Lignor   This story truly proves that a superhero does not require a cape, tights, or the ability to fly. In a world where all headlines seem to be centered around who shot who, who is being put upon, who’s “getting away with it” – all the way to who is getting divorced and who may or may not be kneeling at NFL games – negative stories seem to be the only ones covered anymore by the media. … [Read More its Good for You...]

Business

Scholastic Announces Sales of More Than 3.3 Million Copies of Harry Potter and the Cursed Child

  Scholastic Announces Sales of More Than 3.3 Million Copies of Harry Potter and the Cursed Child Parts One and Two New York, NY (August 10, 2016) — Harry Potter and the Cursed Child Parts One and Two script book, the eighth Harry Potter story by J.K. Rowling, John Tiffany, and Jack Thorne, published in the U.S. and Canada by Scholastic has sold more than 3.3 million copies in North America to date.Scholastic announced a first printing … [Read More its Good for You...]

Travel

Vacation Time Has Turned “Spooky”

  Vacation Time Has Turned “Spooky” by Amy Lignor   Myths and legends, both spooky and surreal, are becoming the subject of many books and newspaper articles lately. And the location of many, oddly enough, happen to be in the Southwest. It used to be that a nice white sandy beach was the one place we yearned to go on vacation to get away from it all. Now, however, people are searching for places to travel where legends still exist, and … [Read More its Good for You...]

Green Living

Doing Our Part

  Doing Our Part by Amy Lignor   There are books being published as of late – wonderful books telling the stories of amazing wildlife rescues, as well as neighborhoods and communities across the U.S. that have taken on projects to save the wildlife in their own surrounding areas.   We always talk about these “success stories,” yet never actually give information on exactly how these “problems” turned into “victories.” … [Read More its Good for You...]