"Wealth has got nothing to do with private school. It's got to do with how you handle money." - Lloyd Can money buy happiness?  Join me in this episode as Lloyd Ross sheds light on how money can indeed bring joy when earned through passion and used for impactful causes. Learn about the importance of establishing emergency funds for financial independence and avoiding debt pitfalls. Delve into wealth-building strategies, where Lloyd advocates for diversified investments, cautioning against biases. He also highlights the crucial role of financial education in shaping future prosperity and warns against the unpredictability of crypto trading. Tune in as Lloyd shares insights on investing in education and skills development for enhanced earning potential and personal growth. Episode Highlights: 00:00 - Episode trailer 03:33 - The True Meaning of Wealth 06:32 - How does money actually buy happiness 09:49 - How Behavior Shapes Your Financial Reality 14:42 - Conquering Investment Fear 18:41 - Why Starting a Business is Key 21:23 - Understanding Risk 25:21 - Unveiling Investor Biases: Understanding the Sunk Cost Fallacy 30:04 - Confirmation Bias: The Hidden Influence on Decision-Making 37:19 - Private vs. Public Schools: Debunking the Myth of Success 41:36 - Cultivating a Wealth Mindset in Children 45:20 - The Utility Debate in Cryptocurrency 56:07 - Investing 101: Where to Put Your First $5000 Want to come to spend 2 full days with me alongside a lineup of other incredible speakers and like-minded people? Dream Fest is back this year in September and you can join the wait list right now for free to be first notified and get the cheapest prices tickets when they drop. Drop your details here to get on the waitlist https://dreamfest2024.com/waitlist Become a globally recognized Trainer and Speaker in just 90 days! https://www.speaktoleadblueprint.com/speaktoleadblueprint Want to manage your life the same way that helped me make $1 million by 28 and travel the world at the same time? Grab my FREE one-page Life By Design productivity planner below http://planner.morgantnelson.com/planner1page About my guest: Lloyd James Ross serves as the Founder of Money Buys Happiness LLC, a prominent company specializing in financial education, coaching, and engaging events. With a remarkable track record of entrepreneurial success spanning various industries, Lloyd has attained the highest echelons in both network marketing and digital marketing. He is celebrated as a 2-Comma Club Award Winner by Clickfunnels.com and holds the distinguished title of Legacy Club Millionaire with Isagenix LLC. Moreover, he is the esteemed host of the critically acclaimed podcast, "Money Grows On Trees," which boasts over one hundred 5-star reviews and aims to achieve one million downloads by the end of 2024. Lloyd is a seasoned international platform speaker, captivating audiences of 7,000+ worldwide with his inspiring keynote presentations. Beyond his professional endeavors, Lloyd is a devoted husband to his beloved wife Alisha and a proud father of a charming sausage dog named Elvis. During his leisure moments, he immerses himself in writing books, globetrotting, and skillfully managing a personal multi-million-dollar share portfolio. Connect with Lloyd Instagram: https://www.instagram.com/lloydjamesross/ Podcast: https://podcasts.apple.com/nz/podcast/money-grows-on-trees-the-podcast/id1576285789 For more insights into Lloyd's world, explore his latest book at https://moneybuyshappinessbook.com/order-form-608293311699033990966 Join the Dream Out Loud Facebook Community https://bit.ly/2RSBKVF Follow me on Instagram here https://www.Instagram.com/morgantnelson Subscribe to my YouTube channel https://www.youtube.com/@morgantnelson