In this episode, Lloyd James Ross breaks down the real reasons most small businesses fail and the crucial financial habits that set successful entrepreneurs apart. From sobering stats like "60% of small businesses fail within 3 years" and "only 1 in 5 track their numbers weekly," Lloyd emphasizes why tracking your money, managing your cash flow, and focusing on sales and marketing—not just perfecting your product—is what keeps your business alive. He shares practical insights from his own businesses and coaching experience, highlighting time-wasters like admin and "fake work," the trap of chasing perfection before market validation, and the importance of paying yourself consistently. Whether you're a coach, consultant, tradie, or brick-and-mortar owner, this episode will show you how to avoid the most common financial pitfalls and get your money working 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:

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Timestamps

00:00:00 - Introduction

00:01:30 - The importance of tracking your numbers weekly

00:03:45 - 60% of small businesses fail within 3 years

00:04:50 - Only 39% of owners pay themselves a salary

00:06:15 - 83% of failures are due to poor cash flow

00:07:30 - Why sales and marketing matter more than product perfection

00:08:10 - The "fake work" trap that kills productivity

00:13:00 - Focus on lead generation and revenue-producing activities

00:14:50 - You don’t need to be the best—just be effective

00:17:05 - Admin time-wasting and ego-driven hiring mistakes

00:19:40 - Why big teams don’t always mean big profits

00:21:15 - The 4 key metrics every business must track

00:23:00 - Real story: Cutting expenses after a 50% profit drop

00:25:10 - Why you should work weekends in the early stages

00:26:40 - Reverse saving: how Lloyd handles business income

00:28:50 - How to protect your business and still build personal wealth

In this episode, Lloyd James Ross delves into the key indicators of financial health, highlighting that having more than $1,000 in savings is a significant sign of being above average financially. He shares alarming statistics revealing that 43% of Americans have less than $1,000 in savings, with many having none at all. Lloyd discusses the implications of this data and reflects on the surprising reality that toddlers often have more savings than adults. Additionally, he shares his thoughts on various business investments, specifically advising against owning a restaurant. Tune in for valuable insights on money management 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.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

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Timestamps

00:00:00 - Introduction

[00:01:07] Financial savings statistics.

[00:04:05] Business acquisition strategies.

[00:07:00] Destination weddings and debt.

[00:11:02] Business types to avoid.

[00:13:03] Parents' financial dependence on children.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, discusses strategies for protecting wealth amidst the current financial turmoil and inflation. He emphasizes the dangers of investing in overpriced properties with negative cash flow and highlights successful figures like Mark Zuckerberg, Jeff Bezos, and Warren Buffett as examples of individuals who have outperformed inflation. Lloyd outlines how leaving money in the bank during these uncertain times is akin to putting it in a leaky bucket. He shares proven strategies that have worked in the past to combat inflation and urges listeners to adopt a mindset that allows them to take control of their finances and grow their wealth. Tune in to learn how to make your money work for you, even during economic challenges.

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

[00:00:53] Protecting wealth in inflation.

[00:03:14] Property as an inflation hedge.

[00:06:13] Property as a hedge against inflation.

[00:12:06] Hedging against currency collapse.

[00:12:52] Gold as an inflation hedge.

[00:16:08] Oil as an inflation hedge.

[00:19:45] Pricing power during inflation.

[00:24:21] Skills as an inflation hedge.

[00:27:41] Invest in yourself as asset.

[00:29:17] Bitcoin's value as an asset.

[00:32:27] Hedge against inflation.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, delves into the current state of the Australian economy and the declining value of the Australian dollar. He highlights the lack of innovation in Australia, comparing it to tech giants like Apple, and discusses how this stagnation is impacting the economy. With a staggering $577 billion pumped into the economy during COVID—representing 30% of the country's GDP—Lloyd explores the implications of this money printing on inflation, debt, and public trust. He also explains what fiat currency is and the historical context of the Aussie dollar's float. Tune in for insights on financial strategies to combat the rising cost of living and regain control over your wealth.

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

[00:01:12] Australian dollar value decline.

[00:03:15] Australian dollar's currency history.

[00:07:45] Inflation-led currency devaluation.

[00:10:58] Currency loss of trust.

[00:15:58] Inflation drivers in Australia.

[00:17:34] Government stimulus and economic impact.

[00:20:43] Australian dollar and China’s economy.

[00:24:15] Debt to GDP in Australia.

[00:27:04] Geopolitical tensions and currency risk.

[00:30:06] Australia's economic innovation challenges.

[00:33:35] Protecting wealth from inflation.

In this episode, the host discusses the troubling policies affecting young people in today's society, highlighting the disconnect between macroeconomic principles and the current political landscape. The conversation shifts to survival needs in nature, challenging common misconceptions about the order of human necessities. While many believe water is the most critical need, the host reveals that shelter is actually paramount for survival, as exposure can lead to severe and even fatal consequences. This thought-provoking episode encourages listeners to reevaluate their understanding of basic human needs and the implications of neglecting essential support for the next generation.

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

[00:01:38] Making shelter unaffordable for citizens.

[00:05:16] Interest rates and asset values.

[00:07:02] Policy and housing equity concerns.

In this episode of the Money Grows on Trees podcast, host Lloyd James Ross discusses financial transformation and the importance of changing money habits. He shares his own journey from debt to financial freedom, highlighting the impact of small daily expenses, like coffee, on long-term wealth. Lloyd emphasizes that money is not evil but a tool for achieving one's life goals. The episode features a special guest, an elite student from Lloyd's mentorship program, who shares their inspiring real-life story of overcoming financial stress and implementing strategies for wealth growth. Tune in to learn valuable mindset shifts and actionable strategies to take control of your finances and achieve 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.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

00:00:25 – Money isn’t bad—it’s a tool.

00:03:14 – Tough times were self-imposed.

00:07:57 – Terrified of retiring broke.

00:09:43 – How do I avoid dog food?

00:14:41 – What have I got to lose?

00:16:22 – Hard choices, big breakthroughs.

00:18:30 – Pay yourself first.

00:21:40 – At peace with money.

00:25:09 – Money is good—it’s about your relationship with it.

00:27:42 – Do your audit—it changes everything.

00:31:17 – It’s not results, it’s attitude.

00:32:18 – Proud you kept showing up.

In this episode, host Lloyd James Ross, a seven-figure investor and entrepreneur, delves into the ten worst assets you can invest in, providing listeners with valuable insights to help them avoid costly financial mistakes. He emphasizes the dangers of trading crypto and over-leveraged property, highlighting how these options can lead to financial insanity or ruin. Lloyd also discusses the emotional aspects of investing, warning against the pitfalls of wanting to appear wealthy instead of actually being wealthy. He kicks off the countdown with the number one worst investment: a brand new car, explaining how it depreciates significantly as soon as it’s driven off the lot. Listeners will gain practical strategies to take control of their finances, grow their wealth, and achieve true financial freedom. Tune in for this quick yet impactful episode filled with essential money management tips!

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] Worst assets to invest in.

[00:03:42] Degrees with no ROI.

[00:07:15] Crypto and NFTs as investments.

[00:10:57] Sports memorabilia investment pitfalls.

[00:12:25] Avoiding financial set dressing.

In this episode of the Money Grows on Trees podcast, host Lloyd James Ross welcomes a special guest, a chartered accountant and an elite student of the Money Buys Happiness program. They dive into her inspiring journey of overcoming financial challenges and breaking free from old money habits. She shares her personal story of selling properties after a long struggle, the mindset shifts that helped her reclaim her financial worth, and valuable strategies for achieving financial freedom. Listeners will gain insights into managing financial stress, investing wisely, and raising their financial standards for success. Join us for a transformative conversation that empowers you 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 Erin:

https://www.instagram.com/miximoss/

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

[00:01:00] Financial stress into success.

[00:06:42] Reverse compounding and its impact.

[00:10:12] Coaching session for financial recovery.

[00:12:08] Investment property challenges.

[00:17:09] Financial freedom and stress relief.

[00:20:33] Cash flow and investment strategy.

[00:23:40] Free cash flow benefits.

[00:27:41] Social media's impact on business.

[00:34:01] The value of giving.

[00:37:15] Embracing Fear for Growth.

[00:40:31] Proximity and success in networking.