In this eye-opening episode of Money Grows On Trees: The Podcast, host Lloyd Ross dives deep into why he avoids investing in cryptocurrency and gold. Instead, Lloyd emphasizes the importance of investing in productive assets like businesses, farmland, and real estate. Learn why these assets are superior for wealth creation and how understanding this principle can transform your financial future. Timestamps and Key Sections: 00:00 Prefers index funds over gold or cryptocurrency. 05:15 Currency type doesn't matter; production capability does. 07:59 Speculation vs. investing: Gold, crypto, fiat compared. Who is The Millionaire Money Mentor, Lloyd Ross: Lloyd James Ross serves as the Founder and Director 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’s 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 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. For more insights into Lloyd’s world, explore his latest book at 👉 http://moneybuyshappinessbook.com You can also tune into his award-winning podcast on Spotify here 👉 https://spoti.fi/3KLSsvg Stay updated with his adventures on Instagram by following @lloydjamesross. Key Takeaways: Avoid Non-Productive Assets: Gold and cryptocurrency do not generate additional value over time. Focus on Productive Assets: Invest in businesses, real estate, and farmland that produce recurring revenue. Historical Context Matters: Understanding the history and performance of various assets is crucial. Currency Type is Irrelevant: Focus on assets that produce value regardless of the currency. Real-Life Examples: Practical scenarios explain why productive assets are superior investments. Resources and Links: - Explore Lloyd’s insightful books: Money Buys Happiness Book - Leave a review and get a shoutout on the podcast: Spotify Review SEO Keywords: Money lessons, practical money lessons, real life money lessons, money mindset, financial goals, crypto, gold investment, index fund, nonproductive assets, real estate, inflation, gold standard, digital money, investing in businesses, productive assets, wealth creation, financial freedom, Berkshire Hathaway, Warren Buffett, stock market investment, rental income, business ownership, Lloyd Ross ~~~ The material in this publication is of the nature of general comment only and does not represent professional advice. The author does not hold an Australian Financial Services License and is not licensed to provide financial advice. As such, this material is not intended to provide specific guidance for particular circumstances. It should not be relied on as the basis for any decision to take action or not take action on any matter it covers. Listeners should obtain professional advice, where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication This podcast is produced by Phil Better Inc.
