In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, challenges the conventional wisdom of diversification in investing. He introduces the concept of "de-worsification," arguing that spreading investments too thin across various assets can lead to lower overall returns. Ross emphasizes that while diversification is often promoted as a safe strategy, it may dilute potential gains. He cites Warren Buffett's preference for a bumpy 16% return over a smooth 12%, highlighting the benefits of focusing investments for greater returns. Tune in to learn how to break free from old money habits and take control of your financial future.

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

[00:01:02] De-worsification in investment strategies.

[00:05:03] Concentrated stock portfolio strategy.

[00:06:39] Business vs. stock picking.

[00:10:30] Investing in China's market.

[00:12:40] Investing in undervalued China.

In this episode, host Lloyd James Ross is joined by his partner Alisha Fernandez as they tackle the complex intersection of love and finance. They discuss the importance of being with someone who shares your ambitions, highlighting how financial infidelity can impact relationships. Lloyd emphasizes that couples should be prepared for the responsibilities that come with both love and entrepreneurship. The conversation also touches on the challenges of starting a business as a couple and the dynamics of ambition within partnerships. Tune in to hear insights on navigating financial discussions and fostering a successful partnership in both life and business.

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 Alisha:

https://www.instagram.com/alishafernandez87/

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

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Timestamps

[00:00:00] Introduction

[00:02:39] Money talk on first dates.

[00:04:43] Financial compatibility in relationships.

[00:08:13] Financial ambition in relationships.

[00:10:27] Joint vision board for couples.

[00:15:42] Merging bank accounts in relationships.

[00:18:45] Joint and individual bank accounts.

[00:20:50] Financial communication in relationships.

[00:24:13] Joint investment strategies for couples.

[00:26:35] Starting a business as a couple.

[00:30:31] Kids and financial stability.

[00:33:00] Financial education for children.

[00:39:50] Financial infidelity in relationships.

In this episode of the podcast, host Lloyd James Ross, a seven-figure investor and entrepreneur, addresses the challenges of living paycheck to paycheck and provides a roadmap to financial freedom. He emphasizes the importance of understanding your finances and developing better money habits rather than simply seeking more money. Lloyd outlines a five-step process designed to help listeners break free from financial turmoil and transition into wealth-building mode. This episode is particularly aimed at those feeling overwhelmed by their financial situation, offering actionable strategies to take control of their cash flow and ultimately achieve financial success. Tune in to learn how to escape the cycle of financial stress and start 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 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

[00:01:35] Know your exact numbers.

[00:03:30] Paying yourself first.

[00:06:58] Cutting lifestyle creep.

[00:10:32] Building an emergency fund.

[00:12:28] Building a side hustle early.

Better understand the stock market without losing your cool. In this episode, Lloyd James Ross unpacks why markets dip, how investors usually react, and what you can do instead. He breaks down the different types of downturns—because not every drop is a disaster—and explains why so many people panic when they don’t need to. Lloyd also shares why keeping your head clear matters and hints at ways to build financial stability no matter what the market’s doing. If you're aiming for long-term financial freedom, this is one you don’t want to miss.

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

[00:02:08] Market crashes and corrections.

[00:03:45] Dot-com bubble crash explained.

[00:06:55] The property market collapse.

[00:10:18] The 2008 financial collapse.

[00:13:07] Market corrections and cycles.

[00:17:48] Market corrections create opportunities.

[00:19:16] Dollar cost averaging strategy.

Ever feel like you're working hard but not really getting ahead? In this episode, Lloyd James Ross—seven-figure investor and all-around money mindset guru—breaks down five habits that are secretly keeping people broke and stressed. 😬

He gets real about stuff like credit card traps, missed chances to invest, and the kind of people you need to stop taking money advice from. Plus, he shares what actually helped him build real wealth—and it’s not what you’d expect. If you’re tired of spinning your wheels with money, this might be the wake-up call you didn’t know you needed. 👀

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] Five habits keeping you broke.

[00:04:08] Investing in skills for wealth.

[00:08:40] Networking for life-changing opportunities.

[00:09:21] Wealth building and life balance.

In this episode, host Lloyd James Ross, a seven-figure investor and entrepreneur, provides a comprehensive guide to achieving financial peace. He emphasizes the importance of understanding your financial baseline by tracking monthly expenses like rent, food, and bills. Lloyd reveals how common spending habits on coffee, dining out, and luxury items can hinder financial progress. He outlines a step-by-step system to master your finances, including building an emergency fund, eliminating high-interest debt, automating savings, and investing wisely. This episode is designed for anyone, from nurses to tradespeople and business owners, who wants to transform financial stress into success. Tune in to learn how to make your money work for you and take control of your financial future.

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

[00:01:34] Financial baseline awareness.

[00:04:55] Emergency fund importance.

[00:07:00] Automating your investments for wealth.

[00:09:40] Retirement accounts and investments.

[00:12:19] Opportunity cost in spending.

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.

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

[00:01:09] 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.

In this episode, host Lloyd James Ross, a seven-figure investor and entrepreneur, shares his insights on building wealth effectively, particularly for those earning between $100,000 and $150,000 a year. He emphasizes the importance of living lean and saving aggressively, advising listeners to forego the desire to appear wealthy in favor of genuine financial progress. Lloyd discusses how wealth-building strategies must evolve with income, highlighting that what works at lower income levels may hinder growth at higher ones. He provides practical steps for listeners at various income tiers, focusing on mindset shifts and strategic financial moves to achieve true financial freedom. Tune in to learn how to make your money work for you and break free from old habits that hold you back.

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

[00:00:10] Wealth-building strategies for income.

[00:06:30] Emergency fund building strategies.

[00:08:04] Income growth phase.

[00:10:42] Amplifying your income through skills.

[00:13:41] Buying assets to build wealth.

[00:18:03] Buy assets, scale your wealth.