In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, shares insights on the top 10 investing mistakes that could be costing you financial growth and peace of mind. He emphasizes the importance of a long-term mindset in investing, cautioning against emotional decision-making. Lloyd discusses common pitfalls, including the tendency to chase hot stocks, as seen in the GameStop frenzy. Listeners will gain valuable strategies to avoid these mistakes, take control of their financial future, and enhance their wealth-building journey. Tune in for practical advice in under 15 minutes!

Want to own your time and build real wealth? Comment "TIME RICH" and I’ll send you the book launch link!

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:

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Timestamps

[00:00:00] - Introduction

[00:01:23] Chasing hot stocks.

[00:03:50] Understanding what you own.

[00:07:47] Ignoring investment fees.

[00:10:46] Vetting influencers for investments.

[00:13:22] The importance of starting investing.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, shares his personal journey to achieving a million-dollar net worth. He emphasizes that it's not just about revenue, but profit margin and net worth that define financial success. Lloyd discusses the importance of real estate in wealth accumulation, revealing how many millionaires in Australia have achieved their status through property investments. He reflects on his initial hesitations about buying real estate due to fears of being tied down by a mortgage. Throughout the episode, he provides valuable insights and strategies for listeners who may feel overwhelmed by investing or stuck in old financial habits. Lloyd underscores the importance of teamwork in success, highlighting that he did not achieve his milestones alone but with the support of his wife, Alicia. Tune in to learn how you can take control of your finances, grow your wealth, and work towards achieving your own financial freedom.

Want to own your time and build real wealth? Comment "TIME RICH" and I’ll send you the book launch link!

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] Millionaire without property investment.

[00:03:00] Underspending for wealth building.

[00:07:33] Becoming a millionaire strategy.

[00:10:41] Financial independence in your 30s.

[00:12:16] Wealth building strategies for success.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, challenges the common belief that hard work equates to financial success. He emphasizes the importance of buying back your time and leveraging resources effectively, suggesting that it's more beneficial to own a smaller percentage of a larger opportunity than to fully own something insignificant. Lloyd addresses the pitfalls of busyness and the glamorization of being time poor, arguing that true wealth is measured by the time we have, not just the money we earn. He provides insights into shifting mindsets and strategies for achieving financial freedom, encouraging listeners to focus on making their money work for them instead of being trapped in a cycle of constant busyness. Tune in to learn how to take control of your financial future and prioritize what truly matters.

Want to own your time and build real wealth? Comment "TIME RICH" and I’ll send you the book launch link!

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

[00:01:26] The value of time over money.

[00:03:42] Subscription-based income strategy.

[00:08:37] Leveraging media for impact.

[00:12:08] Leveraging capital for time.

[00:14:44] Leveraging technology for efficiency.

[00:17:05] Time rich vs. money rich.