In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, shares his insights on achieving wealth and happiness, challenging conventional wisdom about education and money. He argues that while school provides essential skills like reading and writing, it often discourages risk-taking and punishes mistakes—two crucial elements for financial success. Lloyd emphasizes that to get rich in your 20s, you must adopt a new mindset and avoid outdated money habits. He offers strategies for overcoming financial stress and achieving financial freedom, underscoring the importance of learning from mistakes in the real world. Tune in for valuable advice on making your money work for you and breaking free from traditional barriers to wealth.

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Timestamps

[00:00:00] Introduction

[00:01:09] School’s impact on financial success.

[00:04:04] Inheriting money management skills.

[00:08:51] Wealth-building strategies for young adults.

[00:12:01] Mobile homes and depreciation.

[00:12:36] Depreciation of assets discussed.