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

In this episode, Lloyd reveals his 10 income streams that have lead him to become a multi-millionaire in his early 40's. He highlights the importance of creating multiple streams of income, referencing the saying that the average millionaire has seven sources. Find out how you can take control of your financial future by adopting the right mindset and strategies to grow your wealth and achieve financial freedom.

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Timestamps

[00:00:00] Introduction

[00:01:14] Ten sources of income.

[00:03:10] Publishing to build your brand.

[00:06:39] Mindset and money collaboration.

[00:10:40] Royalty income from book sales.

[00:12:46] Accounting business partnership opportunity.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, shares insights on wealth-building through various asset classes over the past 45 years. He compares the returns on a hypothetical $100,000 investment made in 1980 across different options, revealing that gold would have appreciated to $770,000, while Tokyo real estate would only be worth $150,000 today. Interestingly, a 10-year treasury investment would have grown to $1.3 million. Lloyd emphasizes the importance of understanding financial strategies and overcoming old money habits to achieve financial freedom. He discusses the benefits of savings accounts, noting that a $100,000 investment in such an account would be worth $700,000 today, highlighting the varying interest rates across different regions. Tune in to learn how to make your money work for you and take control of your financial future!

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] Asset class returns comparison.

[00:05:41] Real estate recession insights.

[00:07:16] New York real estate returns.

[00:12:46] S&P 500 investment returns.

[00:15:56] Apple investment returns.

[00:18:41] Position sizing in investing.

[00:20:35] Position sizing in investments.

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, shares insights on network marketing as a viable option for earning extra income with minimal financial risk. He discusses the importance of selecting the right company, product, compensation plan, and team, emphasizing that while it may take time to see returns, the potential for recurring income and tax deductions makes it a worthwhile endeavor. Lloyd recounts his own journey into network marketing, which began as a side gig while he was in the property business. He highlights the significance of finding opportunities to work beyond a core job and how his wife was introduced to network marketing through family, leading to their initial success. Tune in for valuable strategies on building wealth and achieving financial freedom through network marketing.

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

[00:00:00] Network marketing as income source.

[00:04:31] Network marketing as entrepreneurship school.

[00:06:57] Network marketing success tips.

[00:10:50] Network marketing legality explained.

[12:34:56] The power of storytelling.