Money Grows on Trees

In this episode of Money Grows on Trees, Lloyd James Ross breaks down Australia’s new 5% home deposit scheme, and why it might not be the win it seems. He explains how lower deposits can actually mean higher long-term debt, more financial risk, and less flexibility if the market shifts. Lloyd dives into the bigger picture too—how government incentives, immigration, and the property boom are shaping (and straining) the Aussie housing market. Whether you’re thinking of buying or just curious about what’s really going on behind the headlines, this episode will make you rethink what “getting ahead” truly means.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:00:42] The illusion of “helping buyers” and what you’re really buying[00:01:10] Breaking down Australia’s new 5% deposit policy[00:02:20] How demand-side incentives push property prices higher[00:03:00] Why smaller deposits mean bigger long-term debt[00:04:10] The lessons from America’s 2008 housing crash[00:05:20] How Australia’s economy is overly tied to property[00:06:25] The financial risks if rates rise or the market dips[00:08:15] The truth about the “free lunch” of a 5% deposit

In this episode, Lloyd James Ross delves into the turmoil of the cryptocurrency markets, highlighting the unprecedented liquidations that have left many investors devastated. With $19 billion wiped out in moments, he discusses the psychological and financial repercussions of such rapid losses, including the tragic consequences faced by those with high leverage accounts. Lloyd underscores the importance of understanding market volatility and the potential risks of investing in crypto as he offers insights into transforming financial stress into success. He emphasizes the need for a strong mindset and effective strategies to navigate the investing landscape and achieve financial freedom. Tune in to learn how to make your money work for you amidst market chaos.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:03] Largest liquidation in crypto markets.[00:03:29] Margin lending and leverage risks.[00:07:33] China and rare earths market.[00:10:03] Bitcoin as a risk-on asset.[00:13:40] Crypto as a gambling casino.

In this episode of the Wealth Hotline, host Lloyd James Ross, a seven-figure investor and entrepreneur, shares insights on achieving financial freedom and independence. He emphasizes the importance of visibility in business—"you can't sell a secret"—and encourages listeners to recognize the value they can offer. Lloyd discusses the simplicity of building wealth through a paid-off property portfolio, urging those feeling overwhelmed by investing to simplify their approach. Listeners are welcomed into a live segment where five participants pose questions about money, business, and mindset, allowing Lloyd to provide actionable strategies to help them take control of their financial futures. Tune in for practical tips and the motivation 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:00:16] Financial independence and investment.[00:04:41] Financial objectives and property investments.[00:09:56] Financial freedom through real estate.[00:13:15] Passive income and financial freedom.[00:19:15] Financial independence strategies.[00:23:11] Building a brand for keepsakes.[00:25:29] Collaborating with local vets.[00:31:10] Paid ad strategies for pet loss.[00:32:28] Business growth strategies.[00:36:01] Worth more than $800 a week.

In this episode, host Lloyd James Ross explores the pressing question: Is Australian property overpriced? He candidly acknowledges the high prices in the market while emphasizing that opportunities still exist for savvy investors. Lloyd shares his insights on the potential pitfalls of entering the property market out of social pressure and discusses the implications of buying property at inflated prices. He delves into the metrics and sources that define the overpriced nature of the current market, and he encourages listeners to consider how these factors affect them as homeowners or investors. Whether you’re feeling overwhelmed by investing or just looking to understand the landscape better, this episode provides valuable strategies and a mindset to help you take control of your financial future. Tune in to gain clarity on the Australian property market and discover ways to navigate it effectively.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:03] Australian property market analysis.[00:04:06] Affordable housing in Australia.[00:07:10] Rental yield versus property prices.[00:10:24] Overpriced Australian property market.[00:15:34] Finding value in investing.[00:19:27] Cash flow determines asset value.[00:20:52] Is Australian property overpriced?

In this episode, host Lloyd James Ross dives into the age-old debate of whether Australian property or shares are the better pathway to wealth. With his experience as a seven-figure investor and entrepreneur, Lloyd challenges listeners to rethink their definitions of wealth, emphasizing the importance of being "time rich" in addition to having financial resources. He explores the concept of leverage in property investment and shares his personal insights on why he chose a different route for building wealth. Listeners are encouraged to engage in the conversation, sharing their opinions in the comments. Tune in for valuable mindset strategies and tips on taking 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:35] Time rich versus money rich.[00:04:54] Wealth without property ownership.[00:09:26] Wealth through public company shares.[00:10:39] Future of real estate investing.[00:15:05] Power of investing in ETFs.[00:18:49] Shares vs. Property Wealth Debate.[00:20:24] Building wealth strategies.

In this episode, host Lloyd James Ross, a seasoned investor and entrepreneur, dives into the pressing issues surrounding Australia's housing crisis and the government's controversial solutions, including the spare bedroom tax. He expresses strong opinions on the current state of the economy, asserting that what many perceive as a cost of living crisis is actually a spending crisis. Lloyd shares insights on the mindset needed to overcome financial challenges and emphasizes the importance of taking control of one's finances. Additionally, the episode features engaging reaction segments where Lloyd humorously responds to trending social media reels, providing both entertainment and candid commentary on societal issues. Tune in for a blend of financial wisdom and relatable humor!Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:02:23] Housing crisis and generational disparity.[00:06:02] Taxing unrealized capital gains.[00:09:31] Millionaires leaving Australia.[00:10:53] Spending crisis and inflation.[00:14:06] 18.6-year real estate cycle.

In this episode, Lloyd James Ross discusses the impact of mass immigration on the Australian property market and personal wealth. With over half a million people entering Australia each year, only 12% are skilled workers, leading to a significant demand for housing—specifically, an estimated need for 62,000 additional homes. Lloyd highlights the importance of voting for policies that support sustainable growth rather than unchecked immigration. He emphasizes that understanding these dynamics is crucial for anyone looking to control their financial future, as they directly affect property affordability and investment strategies. Tune in to gain insights on how to navigate these challenges and make informed decisions for financial 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:12] Mass immigration and property market.[00:05:29] Immigration's impact on housing market.[00:08:12] Immigration impact on property market.[00:12:14] Mass immigration and property market.[00:14:54] Immigration's impact on property market.[00:18:08] Immigration's impact on property prices.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, shares his insights on how to quickly generate $10,000. He emphasizes that asking for a pay rise can be the fastest way to increase your income and highlights the importance of reassessing your spending habits. Lloyd outlines six actionable strategies to help listeners create a financial plan, emphasizing the need for urgency and effectiveness. He shares a real-life success story of a student who needed to raise $3,500 in just two weeks, showcasing the power of a tactical approach. Tune in for practical tips on 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:35] Pay rise strategies for income.[00:04:06] Side gigs for extra income.[00:08:24] Pet sitting as income opportunity.[00:10:54] Selling on Facebook Marketplace.[00:12:38] Building wealth strategies.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comIn this live episode, Lloyd takes calls from viewers, wanting to become rich, whether that be financially, through business or even time rich. Tune in as Lloyd shares his experience to help these callers live the life of their dreams. Want to be one of our next callers? Drop your name, email and question in the comments and we'll be in touch. Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstancesFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:03:07] Cash deployment strategies.[00:05:39] Paying down property debt.[00:10:06] Financial freedom through real estate.[00:14:56] Financial freedom through property investments.[00:20:25] Financial independence and freedom.[00:22:28] Building a brand for keepsakes.[00:26:31] Referral partnerships for marketing.[00:29:49] Targeting customers who lost pets.[00:35:05] Business viability and sustainability.[00:39:40] Wealth Hotline call-in invitation.

In this episode, host Caroline Lloyd chats with a guest who is navigating the complexities of financial stability as a sole parent nearing retirement. The guest shares her current situation, including her rent increase to $700 per week and the challenges of managing living expenses while also needing costly items like new glasses. With a superannuation balance of $137,000, she discusses her plans to maximize her income in the coming years. The conversation highlights her side hustle as a music teacher, which she has only recently restarted and is gradually building. Tune in for insights on balancing work, finances, and future planning as one approaches retirement.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:02] Retirement planning and side hustles.[00:06:09] Living life without retirement pressure.[00:09:49] Building wealth outside property.

In this episode, Lloyd James Ross tackles the controversial topic of Bitcoin as an investment. He shares his candid views, asserting that Bitcoin is more of a speculation than a reliable way to build wealth. Despite his impressive gains of $90,000 from recent trades, he warns listeners that investing in Bitcoin will not necessarily lead to financial freedom, especially for those starting with limited funds. Throughout the discussion, Lloyd emphasizes the importance of simplifying financial concepts and breaking down barriers that often complicate the understanding of investing. He aims to empower listeners with the mindset and strategies needed to take control of their finances and achieve financial success. Tune in for his authentic reactions to various financial topics and insights into making 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:02:20] Stock buybacks explained simply.[00:04:39] Swing trading momentum challenges.[00:09:14] Bitcoin as a speculative investment.[00:10:35] Renting vs. Buying a Home[00:13:05] Investment for children's future.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, delves into the current state of the Australian property market and questions whether the remarkable growth of the past 50 years can be sustained. He highlights the stark reality of inflation-adjusted property rents yielding zero returns, despite soaring property values. Lloyd explains how factors like rising interest rates and the increasing duration of mortgages signal a potential correction in the market. He introduces the concept of the "golden illusion," emphasizing that the conditions that led to past successes are unlikely to be replicated. Join Lloyd as he explores the underlying numbers and trends that could signal a shift in the Australian property landscape.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:34] Property bubble implosion prediction.[00:06:58] Factors driving property demand.[00:07:41] Borrowing power's impact on housing.[00:12:44] Income revolution and property boom.[00:16:39] Mortgage length and affordability.[00:20:37] Impact of AI on jobs.[00:21:41] Baby boomer housing legacy.[00:27:24] Rethinking wealth outside property.[00:29:08] Building wealth through property.

In this episode, host Lloyd James Ross delves into the dynamics of the U.S. dollar and its significance as a global currency. He explains how gold has historically been viewed as the world's base reserve currency and discusses the importance of the dollar index in assessing the strength or weakness of the U.S. dollar. With gold prices at record highs and the dollar index slipping below 100, Ross addresses the implications for investors and what these trends mean for the future of the U.S. dollar. He clarifies that while the dollar may be showing signs of weakness compared to its 2022 highs, a true collapse would entail a significant loss of trust in the currency, which is not currently happening. Tune in for insights on how to navigate these financial changes and strategies to 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:00:00] Gold as a base currency.[00:04:38] US dollar purchasing power concerns.[00:07:39] Gold as global reserve currency.[00:10:40] Tariffs and inflation impact.[00:14:05] US dollar reserve status explained.

In this episode, host Lloyd James Ross dives into the complexities of financial literacy and wealth building, discussing the recent interest rate cut by Michelle Bullock and its implications for inflation. He shares personal insights on the differences in financial upbringing and highlights the importance of understanding compounding interest, especially for those who feel financially constrained. Lloyd emphasizes the need for proactive measures to improve financial status, such as acquiring new skills, starting side hustles, and investing in assets like real estate. He offers his expertise to help listeners break free from old money habits and take control of their financial futures, all while keeping the conversation engaging and entertaining with reaction segments. Tune in for actionable strategies 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:30] Interest rate cut implications.[00:03:31] Investing is not for the rich.[00:08:21] Wealth vs. Jobs.[00:10:22] Gen Z income expectations.

In this episode, we dive into the challenges facing our economy, particularly the ongoing per capita recession marked by seven consecutive quarters of decline. The host discusses the necessity of addressing problems head-on, whether in business, relationships, or national politics. Key insights include the importance of making difficult decisions during tough times and the current lack of leadership in addressing economic issues. The episode highlights two primary reasons for the recession: low productivity and an increase in population, which affects economic metrics. Tune in for a candid exploration of these pressing topics and the implications they have for our 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:02] Per capita recession causes.[00:03:19] Immigration and unemployment connection.[00:06:12] Government jobs and productivity.[00:10:12] Migration's impact on the economy.

In this episode, Lloyd James Ross discusses the recent government policy allowing 5% deposits for home purchases, criticizing it as a misguided attempt to alleviate financial pressure on mortgage holders. He argues that this short-term solution could inflate housing prices further, trapping young people in long-term debt. Ross emphasizes the dangers of cutting interest rates to avoid recession, warning that it may lead to entrenched inflation and a decline in national wealth. He also highlights the alarming July inflation data, indicating a rise in the Consumer Price Index (CPI) and its implications for the economy. Tune in as Ross shares insights on navigating financial challenges 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:00:42] Property bubble and inflation concerns.[00:04:20] Housing market inflation and challenges.[00:08:13] RBA's catastrophic rate cut decision.[00:10:32] Stagflation and economic consequences.[00:14:38] Immigration and economic sustainability.[00:17:52] Inflation and RBA rate discussion.

In this episode, we explore the concept of living a rich life without the necessity of financial wealth. The discussion emphasizes the importance of social risk and the willingness to go the extra mile, which can lead to greater opportunities. Our host highlights the significance of integrity and personal growth in the journey of sharing knowledge, noting that teaching is also a learning process. We address common misconceptions about needing extensive qualifications to succeed in business, using the example of Tony Robbins, who built his career without traditional credentials. Tune in to discover how embracing vulnerability and aligning actions with values can unlock potential and foster 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:02:29] Courage creates confidence loop.[00:05:25] Everyone has a book inside.[00:08:23] Talking to the dead.[00:11:12] Time richness through delegation.[00:16:21] Accidental journey to helping others.[00:21:03] A hundred kilometer ultra marathon.[00:23:00] Influential characters in life.[00:26:47] Overcoming fear in challenges.[00:30:00] Fear and living in the present.[00:33:20] Authenticity in personal expression.[00:36:17] The courage to be authentic.[00:40:43] Who, not how mindset.[00:45:09] Inspiring stories of adventure.[00:48:18] Clear, definite purpose in life.[00:52:00] Feelings in Decision-Making.[00:54:41] Coin as decision-making tool.[00:58:14] Trusting oneself through challenges.[01:01:38] The power of trust.[01:07:12] The transition of life and death.[01:10:24] Love and appreciation for life.[01:12:33] Modern life vs. historical struggles.[01:18:04] Create the world you want.[01:20:15] Money and happiness connection.[01:25:42] Home as an extension of heart.[01:28:38] Breaking social rules and norms.[01:31:07] Harley Davidson's unexpected journey.[01:34:20] Work ethic transforms experiences.[01:39:50] Embracing mentorship and participation.[01:43:37] Money is energy and relationships.[01:46:07-01:46:18] Living a rich life now.[01:49:56] Impact and wealth connection.[01:53:54] Thank you for being here.

In this episode, host Lloyd James Ross discusses the profound impact of financial education on long-term wealth accumulation. He references Aristotle's quote about the bittersweet nature of education, emphasizing that while learning may be challenging, the benefits are significant. Lloyd highlights the transformative potential of just one personal finance class taken in high school, estimating its lifetime value at around $1 million due to improved money management habits. He also shares a fascinating initiative in the U.S. where newborns receive $1,000 to invest in an index fund, encouraging parents to contribute further for long-term growth. Tune in to discover effective strategies to overcome financial stress, develop a wealth-building mindset, 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:35] Financial education's lifetime value.[00:05:19] Education's bitter roots, sweet fruit.[00:07:15] Government investment for newborns.[00:12:41] The power of compound investing.[00:14:51] Legacy of financial education.

In this episode, we explore the "law of income," which states that your earnings are directly proportional to the need for your services, your ability to provide them, and the difficulty of the task. The host discusses the importance of aligning your skillset with the right opportunities and recognizing when it's time to move on from a current role to pursue greater potential. They share personal insights on their journey from network marketing to coaching, highlighting the significance of continual growth and seeking opportunities with a higher income ceiling. Tune in to learn how to identify the right vehicle for your skills and maximize your earning potential.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Morgan:https://www.instagram.com/morgantnelson/Follow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:00:00] Law of income explained.[00:05:16] The law of income.[00:07:31] Speaking as a lucrative opportunity.

In this episode, Lloyd James Ross shares essential money advice for individuals in their 40s, focusing on the financial pitfalls to avoid. He emphasizes the importance of maintaining strong relationships, particularly marriage, to prevent costly divorces. Lloyd encourages listeners not to succumb to the mindset that turning 40 means it's too late to achieve financial success; rather, he highlights that significant changes can still be made in just 15 years. The discussion also touches on practical tips, such as limiting material possessions, passing financial wisdom to children, and overcoming outdated money habits. Tune in for insights on how to take control of your finances and build a path 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.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:03] Avoiding divorce in your 40s.[00:05:07] Avoiding multiple car ownership.[00:07:12] Private school worth the cost?[00:09:12] Financial education for children.