In this episode, Lloyd James Ross discusses the recent government policy allowing 5% deposits for home purchases, criticizing it as a misguided attempt to alleviate financial pressure on mortgage holders. He argues that this short-term solution could inflate housing prices further, trapping young people in long-term debt. Ross emphasizes the dangers of cutting interest rates to avoid recession, warning that it may lead to entrenched inflation and a decline in national wealth. He also highlights the alarming July inflation data, indicating a rise in the Consumer Price Index (CPI) and its implications for the economy. Tune in as Ross shares insights on navigating financial challenges and achieving financial freedom.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

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Timestamps

[00:00:00] Introduction

[00:00:42] Property bubble and inflation concerns.

[00:04:20] Housing market inflation and challenges.

[00:08:13] RBA's catastrophic rate cut decision.

[00:10:32] Stagflation and economic consequences.

[00:14:38] Immigration and economic sustainability.

[00:17:52] Inflation and RBA rate discussion.

In this episode, we explore the concept of living a rich life without the necessity of financial wealth. The discussion emphasizes the importance of social risk and the willingness to go the extra mile, which can lead to greater opportunities. Our host highlights the significance of integrity and personal growth in the journey of sharing knowledge, noting that teaching is also a learning process. We address common misconceptions about needing extensive qualifications to succeed in business, using the example of Tony Robbins, who built his career without traditional credentials. Tune in to discover how embracing vulnerability and aligning actions with values can unlock potential and foster success.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

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Timestamps

[00:00:00] Introduction

[00:02:29] Courage creates confidence loop.

[00:05:25] Everyone has a book inside.

[00:08:23] Talking to the dead.

[00:11:12] Time richness through delegation.

[00:16:21] Accidental journey to helping others.

[00:21:03] A hundred kilometer ultra marathon.

[00:23:00] Influential characters in life.

[00:26:47] Overcoming fear in challenges.

[00:30:00] Fear and living in the present.

[00:33:20] Authenticity in personal expression.

[00:36:17] The courage to be authentic.

[00:40:43] Who, not how mindset.

[00:45:09] Inspiring stories of adventure.

[00:48:18] Clear, definite purpose in life.

[00:52:00] Feelings in Decision-Making.

[00:54:41] Coin as decision-making tool.

[00:58:14] Trusting oneself through challenges.

[01:01:38] The power of trust.

[01:07:12] The transition of life and death.

[01:10:24] Love and appreciation for life.

[01:12:33] Modern life vs. historical struggles.

[01:18:04] Create the world you want.

[01:20:15] Money and happiness connection.

[01:25:42] Home as an extension of heart.

[01:28:38] Breaking social rules and norms.

[01:31:07] Harley Davidson's unexpected journey.

[01:34:20] Work ethic transforms experiences.

[01:39:50] Embracing mentorship and participation.

[01:43:37] Money is energy and relationships.

[01:46:07-01:46:18] Living a rich life now.

[01:49:56] Impact and wealth connection.

[01:53:54] Thank you for being here.

In this episode, host Lloyd James Ross discusses the profound impact of financial education on long-term wealth accumulation. He references Aristotle's quote about the bittersweet nature of education, emphasizing that while learning may be challenging, the benefits are significant. Lloyd highlights the transformative potential of just one personal finance class taken in high school, estimating its lifetime value at around $1 million due to improved money management habits. He also shares a fascinating initiative in the U.S. where newborns receive $1,000 to invest in an index fund, encouraging parents to contribute further for long-term growth. Tune in to discover effective strategies to overcome financial stress, develop a wealth-building mindset, and achieve financial freedom.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

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https://www.tiktok.com/@lloydjross

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Timestamps

[00:00:00] Introduction

[00:01:35] Financial education's lifetime value.

[00:05:19] Education's bitter roots, sweet fruit.

[00:07:15] Government investment for newborns.

[00:12:41] The power of compound investing.

[00:14:51] Legacy of financial education.

In this episode, we explore the "law of income," which states that your earnings are directly proportional to the need for your services, your ability to provide them, and the difficulty of the task. The host discusses the importance of aligning your skillset with the right opportunities and recognizing when it's time to move on from a current role to pursue greater potential. They share personal insights on their journey from network marketing to coaching, highlighting the significance of continual growth and seeking opportunities with a higher income ceiling. Tune in to learn how to identify the right vehicle for your skills and maximize your earning potential.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Morgan:

https://www.instagram.com/morgantnelson/

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

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https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

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Timestamps

[00:00:00] Introduction

[00:00:00] Law of income explained.

[00:05:16] The law of income.

[00:07:31] Speaking as a lucrative opportunity.

In this episode, Lloyd James Ross shares essential money advice for individuals in their 40s, focusing on the financial pitfalls to avoid. He emphasizes the importance of maintaining strong relationships, particularly marriage, to prevent costly divorces. Lloyd encourages listeners not to succumb to the mindset that turning 40 means it's too late to achieve financial success; rather, he highlights that significant changes can still be made in just 15 years. The discussion also touches on practical tips, such as limiting material possessions, passing financial wisdom to children, and overcoming outdated money habits. Tune in for insights on how to take control of your finances and build a path towards financial freedom.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

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https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:01:03] Avoiding divorce in your 40s.

[00:05:07] Avoiding multiple car ownership.

[00:07:12] Private school worth the cost?

[00:09:12] Financial education for children.

In this episode, Lloyd James Ross, a seasoned investor and entrepreneur, delves into the complexities of Bitcoin as a currency. He discusses the challenges posed by Bitcoin's volatility, illustrating how rapid price swings can complicate everyday transactions, such as buying coffee. Ross emphasizes the importance of long-term wealth generation through traditional investments, like property, over speculative assets like Bitcoin. He also highlights the distinction between price and value, stressing that while Bitcoin's price may surge, its intrinsic value remains uncertain. Tune in for insights on overcoming financial stress and strategies to achieve financial freedom.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

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https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:01:03] Bitcoin as a store of value.

[00:04:24] Bitcoin's limited supply benefits.

[00:09:10] Bitcoin's volatility as currency.

[00:10:45] Borderless and global currency.

[00:14:27] Bitcoin's volatility challenges as currency.

[00:18:22] Cash flow vs. capital growth.

[00:21:18] Value versus price in investing.

[00:25:18] Bitcoin as a transactional currency.

[00:28:08] Bitcoin's response to economic collapse.

[00:32:03] Bitcoin as a currency.

In this episode of "Financial Literacy in 10 Minutes," host Lloyd James Ross, a seven-figure investor and entrepreneur, shares essential strategies for achieving financial success and freedom. He emphasizes the importance of steering clear of celebrity financial advice, focusing instead on creating a solid foundation for investing. Listeners learn about the significance of establishing an emergency fund, which should cover three to six months of expenses, and the basics of budgeting—tracking income and expenses. Lloyd encourages listeners to overcome old money habits and gain confidence in their financial decisions, providing insights that empower them to take control of their wealth. Tune in to begin your journey toward financial literacy and security!

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

https://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=au

https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:00:31] Emergency fund savings goal.

[00:03:50] Investing strategies for beginners.

[00:06:39] Scams and fraud in finance.

[00:09:36] Electric cars reduce operating costs.

In this episode, host Lloyd James Ross welcomes back his friend and business partner, Morgan T. Nelson, to discuss the journey towards financial freedom and the mindset needed to overcome impostor syndrome. They dive into the importance of recognizing opportunities that match your skill set and the significance of taking action to achieve financial success. Lloyd shares his experience as a seven-figure investor and entrepreneur, providing listeners with valuable strategies to break free from old money habits and take control of their wealth. Tune in for an inspiring conversation filled with practical advice and insights on making your money work for you.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Morgan:

https://www.instagram.com/morgantnelson/

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

https://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=au

https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:02:09] Career development and life choices.

[00:04:36] Awareness and life choices.

[00:07:19] Goal setting and freedom.

[00:09:13] Philosophy drives action success.

[00:14:28] Imposter syndrome and money beliefs.

[00:16:20] Nervous system and mindset coexist.

[00:20:13] The bystander effect explained.

[00:22:10] Environment's impact on personal growth.

[00:25:26] Bystander effect and group conformity.

[00:28:19] Authority bias and obedience.

[00:31:38] Mentorship and knowledge sharing.

[00:36:20] Developing people through events.

[00:40:14] Living in a world of color.

[00:41:15] Pain as motivation for success.

[00:46:24] New skills through network marketing.

[00:49:35] New opportunities for growth.

[00:52:48] Skillset versus opportunity.

[00:54:46] Law of income explained.

[00:56:39] Performance-based speaking opportunities.

[01:01:20] Decision to go all in.

[01:04:16] Commitment vs. Wishful Thinking.

[01:06:47] Money mindset and emotional attachments.

[01:09:19] Invest in yourself first.

[01:14:38] Spending addiction and wealth.

[01:17:00] Healthy relationship with money.

[01:19:24] Incubator for business growth.

In this episode, host Lloyd James Ross discusses the current economic climate and the implications of mortgage interest rates on households. He emphasizes the necessity of adjusting personal finances, particularly for those feeling the strain of high mortgage payments and living expenses. Lloyd outlines the challenges faced by families managing their budgets while grappling with rising costs. He also poses the question of whether the Reserve Bank of Australia (RBA) will implement significant rate cuts in 2025, and promises insights on how listeners can position themselves to benefit from any changes in interest rates. Tune in to gain valuable strategies for overcoming financial stress and achieving greater financial freedom.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

https://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=au

https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:01:13] Central Banks and Economic Stability.

[00:03:40] Net interest margin impact.

[00:07:44] Interest rates and inflation dynamics.

[00:10:22] Inflation vs. Employment Rates.

[00:14:12] Inflation and interest rates dilemma.

[00:16:40] Interest rates and property ownership.

[00:19:16] Inflation and speculative assets.

In this episode, host Lloyd James Ross, a seven-figure investor and entrepreneur, discusses the current state of the Australian economy and addresses the looming question: Is Australia entering a recession? He highlights the ongoing negative GDP growth per capita, indicating that the country has been in a per capita recession for nearly two years. Lloyd emphasizes the importance of capitalism in rewarding efficiency and warns against the dangers of an economy that supports inefficiency. He also promises to share six effective strategies to protect your wealth during a recession. Listeners are encouraged to subscribe for future episodes with valuable insights and tips on achieving financial freedom.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

https://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=au

https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:01:04] Protecting wealth during recession.

[00:04:05] Recessions as economic rejuvenation.

[00:07:36] Per capita recession explained.

[00:10:11] Low productivity and immigration effects.

[00:13:41] Government job productivity concerns.

[00:17:01] Immigration and economic impact.

[00:21:13] Economic levers to prevent recession.

[00:23:41] Monetary policy and inflation effects.

[00:26:34] Tax incentives for businesses.

[00:30:46] Building a cash buffer.

[00:34:06] Financial literacy and education.

[00:36:00] Signed copy of Become Time Rich.