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

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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.