In this episode, host Lloyd James Ross, a seven-figure investor and entrepreneur, delves into the ten worst assets you can invest in, providing listeners with valuable insights to help them avoid costly financial mistakes. He emphasizes the dangers of trading crypto and over-leveraged property, highlighting how these options can lead to financial insanity or ruin. Lloyd also discusses the emotional aspects of investing, warning against the pitfalls of wanting to appear wealthy instead of actually being wealthy. He kicks off the countdown with the number one worst investment: a brand new car, explaining how it depreciates significantly as soon as it’s driven off the lot. Listeners will gain practical strategies to take control of their finances, grow their wealth, and achieve true financial freedom. Tune in for this quick yet impactful episode filled with essential money management tips!

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Timestamps

[00:00:00] - Introduction

[00:01:03] Worst assets to invest in.

[00:03:42] Degrees with no ROI.

[00:07:15] Crypto and NFTs as investments.

[00:10:57] Sports memorabilia investment pitfalls.

[00:12:25] Avoiding financial set dressing.