In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, addresses the common misconceptions surrounding personal finance and investment. He highlights how many people invest based on trends or peer pressure without truly understanding what they’re investing in. Lloyd emphasizes the importance of financial literacy and encourages listeners to take a proactive approach to managing their money. He discusses the necessity of regularly reviewing one’s financial situation and understanding where money is being spent. With practical insights and strategies, Lloyd aims to empower listeners to break free from old money habits and achieve financial freedom. Tune in to learn how to make your money work for you and gain control over your financial future.

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Timestamps

[00:00:00] Introduction

[00:01:14] Cleaning your money habits.

[00:03:18] Money management behaviors.

[00:07:28] Status games vs. wealth games.

[00:12:44] Delaying gratification for financial success.

[00:16:42] Avoid borrowing for depreciating assets.