In this episode of Money Grows on Trees: The Podcast, host Lloyd Ross dives into the pervasive myth that you need to be wealthy to start investing. Lloyd deconstructs this belief and offers practical advice on how anyone can begin their investment journey with even small amounts of money. From understanding compound interest to setting realistic financial goals, this episode provides actionable steps to secure a financially stable future. Timestamps and Key Sections: 00:00 Feeling excluded...

In this episode of Money Grows on Trees, hosts Lloyd Ross and Ed Wright dive deep into the concept of the 'Circle of Competence,' offering listeners a blueprint to focus their investment strategies and build substantial wealth. Drawing inspiration from investing legend Warren Buffett, Lloyd explains why it's crucial to concentrate on one or two asset classes that align with your expertise, rather than spreading yourself too thin. Learn how to eliminate the noise, overcome analysis paralysis,...

In this episode, Lloyd Ross dives into the nuts and bolts of turning your brilliant money-making ideas into a reality. Learn why most entrepreneurs get stuck in the idea phase, how to overcome discomfort and rejection, and the essential activities you need to scale your business to new heights. This episode is a must-listen for anyone looking to break free from the cycle of ideation and step into execution. TimeStamps 00:00 Excitement fades when ideas require uncomfortable actions. ...

In the latest episode host Lloyd Ross tackles the burning question: "When Can I Enjoy My Money?" Are you diligently saving, investing, and managing your finances yet wondering when it's time to treat yourself?  Lloyd shares practical advice on how to balance financial discipline with enjoying the fruits of your hard work. Tune in to gain insights on how to sensibly enjoy your money now while keeping your financial journey on track.  Don't miss this episode if you're ready to harmonize...

In the latest episode of Money Grows On Trees, host Lloyd Ross delves into a powerful 90-day strategy to transform your finances. Are you stuck in a cycle of debt and struggling to save? Lloyd breaks down the crucial steps to take control of your money by auditing your spending, cutting costs, and building new income streams. Discover actionable tips on how to stem financial bleeding, and even start investing with low-risk methods. This episode is packed with practical advice to help you...

In this enlightening episode of "Money Grows On Trees: The Podcast," host Lloyd Ross delves deep into the unseen challenges that ambitious individuals face on their path to success. These "taxes" are much more than financial; they encompass emotional, mental, and social tolls. Lloyd breaks down the 7 hidden taxes that come with striving for greatness, sharing personal anecdotes and practical advice to help listeners recognize and navigate these hurdles. Tune in to discover how to turn these...

In this episode of "Money Grows On Trees," Lloyd Ross dives into the essential hack for taking control of your finances. The focus is on one crucial habit practiced by the wealthy and financially savvy – doing a regular financial audit. Inspired by personal experiences and philosophical insights, Lloyd emphasizes the importance of knowing where your money is going to achieve financial stability and success. **Key Takeaways:** 1. **The Importance of Tracking Expenses:** - Understand...

Discover the three essential money skills you need to master if you want to achieve financial wealth. Host Lloyd Ross dives into actionable strategies for managing money, multiplying it, and making more, which are the pillars of financial success. Have you ever wondered why focusing solely on money mindset might be holding you back? Want to know which behaviors you need to change to effectively manage your money? In this episode, Lloyd answers these questions and more, bringing clarity to...

Join Lloyd Ross in this insightful episode of "Money Grows On Trees: The Podcast," where he explores "The Magic of Thinking Small." Despite common advice to think big, Lloyd discusses the profound impact of starting small. From transforming a modest $2,000 investment into a million-dollar portfolio to the incremental steps necessary for significant growth, this episode is filled with practical advice for aspiring entrepreneurs and investors. Timestamps - **[00:00]** Introduction to "The...

In this compelling episode of Money Grows on Trees: The Podcast, your host Lloyd Ross takes you on a journey through the importance of starting small in your financial and entrepreneurial endeavors. Breaking down the overwhelming notion of “thinking big,” Lloyd shares practical advice and personal anecdotes that highlight the critical first steps towards building wealth, developing new skills, and achieving grand goals. From investing your first dollar to networking by simply saying “hello,”...

In this enlightening episode of the *Money Grows On Trees* podcast, hosts Lloyd Ross and the Narrator delve into the powerful impact of mindset on investing. Lloyd reveals the transformative power of replacing one simple word in your investment vocabulary to become a better investor. Drawing inspiration from investment legends such as Warren Buffet and his mentor Benjamin Graham, Lloyd explains why viewing stocks as businesses can revamp your entire investment strategy, leading to more...

Episode Summary: In this episode of "Money Grows On Trees: The Podcast," host Lloyd Ross delves into the intriguing world of home equity and how you can potentially leverage it to grow your wealth. With real-life examples and practical insights, Lloyd dispels common misconceptions and outlines crucial steps to consider before making any financial moves involving home equity. Whether you're a homeowner wondering about the current value of your property or an investor seeking smart...

Are you considering buying a new car? Lloyd Ross is here to tell you why that's a financial mistake you might want to avoid. Want to know why buying a new car is often a poor financial decision? Curious about the depreciation costs and how they eat away at your investment? This episode answers those questions and more, shedding light on the hidden pitfalls of driving a brand-new car off the lot. Ever wondered how to make a smarter car purchase without compromising on quality? Interested in...

In this captivating episode of Money Grows on Trees, Lloyd Ross delves into the reasons behind the recent stock market correction. Why did heavyweights like Warren Buffett start selling, and what does this mean for everyday investors? Have you ever wondered what triggers stock market corrections and why they're inevitable? Lloyd not only breaks down the mechanics of Warren Buffett's massive liquidation of his Apple position but also explains the crucial role of the reverse carry trade from...

Join host Lloyd Ross in this compelling episode of "Money Grows On Trees: The Podcast," as he welcomes special guest Mark Blundell. Dive into an insightful conversation where Mark shares his transformative journey from managing indoor cricket centers to mastering digital marketing and selling high-ticket offers. Discover the secrets behind his approach to managing money, setting clear goals, overcoming mental barriers, and continually seeking self-improvement. Gain valuable insights on...

In this compelling episode of *Money Grows On Trees: The Podcast*, host Lloyd Ross delves into the fascinating world of luck and reveals how you can scientifically cultivate good fortune in your life. Discover the transformative power of "lucky locations," the importance of mingling with "lucky people," and the value of having "lucky conversations." Lloyd also emphasizes the need for "lucky beliefs" and consistent "lucky habits." Drawing insights from successful figures like Daniel...

In the latest episode of "Money Grows On Trees: The Podcast," host Lloyd Ross unpacks "17 Ways to Hack Your Productivity." Drawing insights from his upcoming book, "Time Rich," Lloyd delves into actionable strategies you can implement today to boost your productivity and make the most of your time. From creating effective to-do lists and compartmentalizing your day, to understanding the critical importance of rest and energy management, this episode is a must-listen for anyone looking to...

In the latest episode of "Money Grows on Trees: The Podcast," host Lloyd Ross dives deep into the intriguing topic of "How To Create Your Own Dividends." Inspired by Warren Buffett's advice and answering a fiery social media debate, Lloyd breaks down the mechanics of dividends, the tax advantages of investing over labor income, and how you can generate your own dividends by selling shares strategically. Whether you're a seasoned investor or just starting out, this episode offers actionable...

In this compelling episode of Money Grows On Trees: The Podcast, host Lloyd Ross dives deep into "The 3 Wealth Philosophies" that can transform your financial approach. Inspired by the legendary Warren Buffett, Lloyd breaks down essential philosophies for managing, making, and investing money. From practical insights on thrift and resourcefulness to entrepreneurial advice on creating consistent income and strategic investing tips, Lloyd's wisdom can help elevate your financial game. Don't...

In the latest episode of "Money Grows On Trees: The Podcast," host Lloyd Ross dives into the secrets of long-term success with insights from Dan Sullivan's book, "The 25 Year Framework." This episode tackles the misconception of overnight success and emphasizes the importance of strategic, long-term planning. Lloyd shares his personal journey and offers actionable advice on how you can set yourself up for a prosperous future. Whether you're in your twenties or fifties, this episode is...

In this insightful episode of Money Grows on Trees: The Podcast, host Lloyd Ross delves into the "4 Stages to a Financial Journey." Discover how to navigate your financial crisis, achieve stability, strategically accumulate assets, and ultimately attain financial independence. Whether you're struggling with debt or looking to build wealth, Lloyd offers practical steps and actionable advice to help you transition through each phase effectively. Tune in to learn how to take control of your...

In this compelling episode of "Money Grows On Trees: The Podcast," titled *"What to Do with Your Money if You're 18?"* host Lloyd Ross delves into essential financial advice for 18-year-olds. Whether you're a teenager eager to build a secure financial future or a parent looking to guide your child, this episode offers invaluable insights. Lloyd shares actionable tips on how to make the most of your youthful years by surrounding yourself with ambition, focusing on skill-building for...

In this episode of **Money Grows On Trees: The Podcast**, host Lloyd Ross dives deep into a crucial topic: *The Three Reasons Why People Stay Broke*. Drawing inspiration from the wisdom of the late Charlie Munger, Ross breaks down the fundamental behavioral barriers that prevent financial success. Discover why caring too much about others' opinions, an inability to delay gratification, and a lack of continuous learning are holding you back from achieving your financial goals. Packed with...

In episode 173 of Money Grows on Trees: The Podcast, Lloyd Ross delves into the powerful principle that "The More You Pay, the More You Pay Attention." Drawing from personal experiences and valuable lessons from successful mentors, Lloyd explains why investing money in education, coaching, and high-quality experiences can significantly enhance your commitment and yield better results. Discover insights on how paying for premium access and mentorship can accelerate your financial and...