In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, dives into the controversial topic of homeownership, specifically why he, as a multimillionaire, chooses not to own a house. He discusses the common pitfalls many face, such as being trapped in old money habits and the financial stress that comes with heavy mortgage commitments. Lloyd emphasizes the importance of investing in oneself and building additional income streams, rather than tying up finances in property. He shares insights on mindset and strategies for achieving financial freedom, making it clear that true wealth comes from making your money work for you. Tune in to discover Lloyd's unique perspective on property ownership and wealth-building.

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] Why I don't own property.

[00:03:00] Renting vs. Home Ownership.

[00:08:30] Mortgage and financial freedom.

[00:12:01] Diversifying income streams for freedom.

[00:14:01] Buying properties for wrong reasons.

[00:15:28] Lifestyle over property investment.

[00:18:27] Business decision over property investment.

[00:21:38] Changing investment strategies for millennials.

[00:26:37] Renting vs. owning philosophy.

[00:27:50] Building wealth strategies.

In this episode, Lloyd James Ross, a seasoned seven-figure investor and entrepreneur, shares insights into the seven most common financial mistakes made by business owners. He emphasizes the importance of separating personal and business finances, highlighting that many new entrepreneurs mistakenly treat their business income as personal income. Lloyd encourages listeners to create a contingency budget, much like contractors do, to prepare for unforeseen expenses in both business and personal finances. He aims to equip listeners with the mindset and strategies needed to take control of their finances, grow their wealth, and achieve financial freedom. Tune in to learn how to avoid these pitfalls and set yourself up for 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:

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

[00:01:03] Mixing personal and business finances.

[00:03:10] Tracking business finances effectively.

[00:06:58] Investing in business growth.

[00:09:17] Business ownership and financial planning.

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

In this episode, we break down why China is pushing hard to move global trade away from the US dollar—and how gold suddenly became a power move in their strategy. From frozen Russian reserves to skyrocketing gold demand, Lloyd unpacks the real economic chess game happening behind the scenes, explains why a gold-backed currency isn’t the same as going back to a gold standard, and shows how all of this ties into inflation, US debt, and global trust in money. If you’ve ever wondered whether the dollar is actually at risk or if China can really shift the balance, this convo lays it all out in simple, clear terms.

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

[00:01:03] How weaponizing the USD started global de-dollarization

[00:03:41] China’s push for RMB-based trade

[00:05:00] Why China links its currency to gold

[00:08:26] The myth of returning to the gold standard

[00:11:01] How fiat currency saved modern economies

[00:15:33] Inflation, debt, and the real USD risks