In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, challenges common misconceptions about money and wealth. He discusses the idea that rich people are selfish and that money is the root of all evil, arguing instead that wealth can be a tool for providing value and achieving happiness. Lloyd emphasizes the importance of shifting our mindset around money and overcoming outdated beliefs that equate hard work with financial success. Instead, he advocates for working smarter, not harder, by leveraging systems, delegating tasks, and utilizing capital to generate wealth more efficiently. Tune in to learn strategies for taking control of your finances 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

[00:00:52] Working smarter, not harder.

[00:04:01] Money can buy happiness.

[00:07:01] Time is more valuable than money.

[00:09:17] Money wins and myths.

In this episode, host Lloyd James Ross, a seasoned investor and entrepreneur, tackles the pressing issue of credit card debt and its impact on financial health. He opens with alarming statistics, revealing that the average person carries $6,400 in debt, with credit card interest rates soaring at 21%. Lloyd emphasizes the importance of understanding one’s financial situation and provides actionable strategies to break free from old money habits. He highlights the staggering fact that 50% of people are currently defaulting on their credit cards, the highest rate since the global financial recession, and discusses the implications of defaulting on credit scores. Tune in to learn how to take control of your finances, grow your wealth, 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:

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

[00:02:38] Steps to get out of debt.

[00:04:18] Pay off high-interest debt.

[00:08:39] Selling assets to pay debt.

[00:10:40] Emotional attachment to objects.

[00:12:35] Negotiating credit card debt.

In this episode, host Lloyd James Ross, a seven-figure investor and entrepreneur, dives into the realities of managing debt and building wealth. He emphasizes that no one is truly "self-made" and discusses the importance of understanding financial behaviors rather than just focusing on money problems. With a candid look at a listener's situation—nearly a million dollars in debt, including a mortgage, student loans, and credit card debt—Lloyd provides insights on how to approach financial stress without resorting to bankruptcy. He highlights the significance of investing in assets like stocks and real estate to create passive income. Tune in for practical strategies and mindset shifts that can help you take control of your finances 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:

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] Behavior problem with debt.

[00:05:04] Crypto trading strategies and insights.

[00:08:56] Crypto's value and productivity.

[00:10:36] Passive income strategies discussed.

[00:13:12] Wealth building through investment.