In this episode of the Founders Playbook Podcast, host Nelson welcomes back entrepreneur and podcast partner Lloyd Ross for a deep dive into the concepts of time and money in the business world. They discuss the pitfalls of an over-scheduled life and challenge the notion that "bigger is better" in entrepreneurship. Instead, they advocate for a focus on becoming "time rich" rather than merely busy, emphasizing the importance of leveraging people and systems to create freedom. The conversation touches on the limited role of money in solving all problems and explores whether money truly buys time. Tune in for valuable insights into building a business that prioritizes freedom and purposeful living.

Follow Nelson:

https://www.instagram.com/creatornelson

Follow Lloyd:

www.youtube.com/@lloydross

https://www.linkedin.com/in/lloyd-james-ross-87818129a/

https://www.instagram.com/lloydjamesross/

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

Timestamps:

00:00:00 - Intro

00:02:11 - Lloyd's Recent Acquisition

00:03:45 - Financial Insights on Laundromats

00:05:28 - Key Considerations for Investing

00:08:34 - Challenges with Australian Banks

00:10:08 - Long-Term Business Strategy

00:12:04 - Investment Portfolio Insights

00:23:34 - The Scale of Busyness vs. Wealth

00:27:02 - Philosophical Moments in Business

00:35:27 - The Power of Partnerships

00:36:06 - Selecting the Right Business Partners

00:40:58 - The Importance of Character Traits