In this episode of the Money Grows on Trees podcast, host Lloyd James Ross shares insights on transforming your financial mindset and behaviors. He emphasizes the importance of having a positive relationship with money, viewing it as energy that can grow when nurtured properly. Listeners will hear from a special guest, a former student who has successfully transitioned from financial instability to achieving a $100,000 investment portfolio. She shares her personal journey, the challenges she faced, and the strategies that helped her dominate her financial situation. Tune in to learn valuable tips on overcoming old money habits, gaining control over your wealth, and stepping 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

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

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Timestamps

[00:00:00] - Introduction

[00:00:10] Money mindset and growth.

[00:04:27] Shame and money mindset.

[00:08:38] Financial clarity through simplification.

[00:14:29] Money as energy.

[00:15:40] Money mindset transformation.

[00:20:18] Debt repayment journey and mindset.

[00:24:09] The cost of staying employed.

[00:28:29] Financial transformation and lifestyle wins.

[00:30:20] Family sponsorship and contribution.

[00:36:20] Money as energy and abundance.

[00:40:57] Money mindset importance.

[00:41:30] Avoidance of money and success.

[00:45:23] Changing lives through mentorship.

In this episode, Lloyd James Ross dives into the troubling state of the Australian economy, highlighting seven key reasons why it is entering a challenging period. He discusses the dramatic rise in home values, which have grown by 193%, juxtaposed with rising inflation rates at 2.4% and the concerning statistic that one in five Australians are now on the NDIS. Ross points out the striking increase in public sector employment, where 72% of new jobs since August 2022 have been in government roles, making Australia one of the highest in public sector employment globally. With his expertise as a seven-figure investor and entrepreneur, Ross aims to provide listeners with a clear understanding of the economic crisis, offering insights into financial strategies and mindsets that can help them achieve financial freedom amidst the turmoil. Tune in to grasp the complexities of the current economic landscape and learn how to make 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

[00:01:04] Australian economic crisis explained.

[00:06:13] Property values vs. wage growth.

[00:09:34] Shelter as a basic need.

[00:12:46] Interest Rates and Property Values.

[00:15:55] Mortgage stress and household budgets.

[00:19:30] Inflation reality versus official figures.

[00:22:10] Inflation and purchasing power loss.

[00:25:24] Government dependency and productivity.

[00:29:18] Energy exports and national shortage.

[00:32:29] Financial education importance.

In this episode, we delve into the wealth-building journey of our host, who shares insights on how to achieve financial success without relying on property investment. Highlighting that approximately 13% of Australians are millionaires, primarily due to property appreciation, our host emphasizes a different approach centered around underspending income. By making conscious choices—such as renting a lower-cost car, sharing living spaces, and avoiding unnecessary luxuries—he managed to save between $40,000 and $50,000. This savings strategy allowed him to enter the property business with his father, where he continued to prioritize saving while working hard. Tune in to discover practical tips on financial discipline and the philosophy that "money buys happiness," as discussed in his book.

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

[00:00:30] Wealth creation through underspending.

[00:04:34] Increasing income through network marketing.

[00:07:34] Financial independence in your 30s.

[00:09:19] Wealth building strategies.