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#309- The 5 Money Secrets Millionaires Don't Want You To Know · Money Grows on Trees

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  I'm a millionaire. That seems ridiculous. I'm a
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  multi-millionaire and there are five things I know about
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  money that most people will never learn. Not because they're complicated. Not
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  because they're hard to understand, but because nobody wants to tell you.
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  The system is obviously designed to keep you broke. It's designed to keep you
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  working. It's designed to keep you dependent. And
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  the people who benefit from that system, they don't want you to
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  know how it actually works. But I'm gonna tell you. These are the five
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  money secrets that separate the wealthy from everyone
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  else. These are the things that built my wealth. And
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  these are the exact opposite of what you've been taught your
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  entire life. I'm Lloyd James Ross, seven figure investor and
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  entrepreneur and I've helped thousands of business owners and professionals turn
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  financial stress into success. If you're stuck in old money
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  habits, overwhelmed by investing or unsure where to start, this
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  is for you. I'll give you the mindset and strategies to take control,
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  grow your wealth and achieve financial freedom. It's time to
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  make your money work for you. One, millionaires don't chase income, they
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  build cashflow. The biggest lie money is that a high salary equals
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  wealth. What millionaires actually do is they separate income
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  from cashflow, they build assets that pay them repeatedly,
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  and they focus on money that arrives without trading hours for
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  it. That's how they do it, right? So wealth isn't about
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  how much you earn, it never has been, never will be, it's actually about how
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  much you earn and keep and deploy. that
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  then keeps coming back to you again and again and again and again, right?
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  Number two, they avoid bad debt like a disease. Debt
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  isn't neutral. Millionaires understand the difference between productive
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  debt that grows assets and destructive debt
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  that funds consumption. They're the two different types. So
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  they avoid credit cards for lifestyle, car
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  loans that depreciate, buy now pay later traps. Poor
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  people use debt to look rich. Wealthy people use
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  debt to own cash producing assets. That's
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  the difference. So with our laundromat business that we bought,
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  we use debt to finance the whole thing. Why? Because it pulls in about 40% net
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  return and the debt only costs eight. That's a winning combination.
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  But it doesn't work if you're borrowing money to buy things that don't produce. It
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  just does not work like that, right? Number three, they buy
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  assets first and lifestyle second. Most people
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  get it backwards. Once they start earning more, they want to upgrade their lifestyle to
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  look rich and then they stay broke. Millionaires do it in
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  reverse. We make money, we save some, we
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  buy assets. We let assets then pay for some of that lifestyle.
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  For example, recently I went to Thailand with my wife for a month. As
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  we're checking out, we got a dividend paycheck, bang, landed in my bank account and
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  the whole dividend check paid for our entire life. vacation. So
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  we use the passive income to pay for the lifestyle. And
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  of course, over time, I upgrade my lifestyle, but I do it
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  slowly and deliberately. I don't do it quickly. I'm not suggesting you
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  have to stay in the same house or your same car,
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  but over time, upgrade slowly and steadily and predictably and
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  deliberately. This single habit explains Why
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  many high-income earners do stay poor and why quiet investors
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  do get rich right now before they understand time is
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  more valuable than money I wrote a book on it become time rich time
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  is more valuable Not even time is not money time is more valuable than
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  money right so millionaires obsess over leverage of
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  time not just money So there's a couple of things that millionaires ask
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  themselves that most people don't. One, can this be
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  automated? Sometimes I don't go and do something until I'm like, well,
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  can I do this? And can I do it again and again and again? And can someone do it for me? So
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  automation, can a system do this for me, right? Number two, can
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  it be outsourced? Can it be delegated? Who can do this for me? The
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  who, not the how. And of course, can it be systemized? If
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  you can understand and ask yourself those questions, every hour
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  you save is an hour you can be reinvested back into learning,
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  health, relationships, and opportunity. So anytime you
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  save time, you can do those things more. And then you start to scale those
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  things. So money buys time. time
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  builds wealth. Just quickly, if you're ready to take control of your finances but
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  feel stuck on where to start, I have a solution. My
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  book, Money Buys Happiness, simplifies investing and
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  wealth building with practical steps to help you achieve financial peace.
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  Get your copy via the link in the show notes and let's get your money working for
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  you. Now back to the episode. John D. Rockefeller used to have a great saying.
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  He said that the busy man has no time left to make money. And
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  so you don't wanna get caught up in doing everything yourself, everything yourself, everything yourself.
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  It takes a little bit of time to learn to delegate, automate, and
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  systematize. But once you've done it, it will pay
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  you dividends forever. And that's how you compound your time and compound your
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  wealth. Number five, millionaires think in decades, not
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  weeks. So I'm thinking over the next 10 and 20 years. This is the
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  big separator. Millionaires, based on that thinking, will
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  delay gratification, ignore short-term noise, and let
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  compound do the heavy lifting. Here's an example. Recently, I've positioned
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  a lot of our capital into Chinese tech, because I look over the next 10, 20 years,
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  China's becoming a preeminent superpower. It's way ahead in the
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  race for AI. It's way ahead in energy. And it's way ahead in
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  some of its companies. If you go to places like Chongqing and you go
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  to places like Shenzhen, you'll see it's also well ahead in how it actually
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  builds cities. And so based on that, I'm positioning capital
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  for the next 10 and 20 years of compounding. And that's how your money can make
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  money fruitfully for a very long period of time. I'm not thinking about the noise of
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  you know, delisting in China. No, I'm not thinking that. I'm
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  thinking beyond the noise. Where's the signal, right? So
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  I can then let compound interest do the heavy lifting for me. So most
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  people quit because results don't come fast enough, but millionaires win because we
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  stay in the game long enough, all right? Compounding only
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  works if you don't interrupt it unnecessarily. Charlie Emunga said that. So
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  the common thread about all these points that no one talks about
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  is this, all five secrets share this one specific
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  trait. They're boring, they lack excitement, and they don't sell
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  well on social media. Maybe that's why if you come
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  to my channels, you may not see me like, you know, do one of these exciting
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  things because at the end of the day, I want to be wealthy and I'm gonna look wealthy. Does
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  that make sense? Right? And that's why they work. Wealth
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  is built quietly while everyone else is distracted. And
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  this distracts people so much. They're like, where's my quick win? Where's my quick
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  win? Right? So the real reason why these secrets aren't taught is
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  because if they were, consumer debt would collapse, lifestyle
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  inflation would slow down, and people would stop chasing status. And
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  the economy runs on people not knowing these
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  things. So here's a final thought. Millionaires, I mean,
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  we don't hide secrets. But we do hide discipline. If
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  you follow me around, someone said to me the other day, they said, Lloyd, why don't you get someone to follow you around? I'm like,
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  ah, it wouldn't sell. Why not? Because I'm disciplined in areas. In
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  all my areas, I'm disciplined. And discipline is so boring. It's
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  so predictable. It's basic. It's monotonous. And that does not
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  sell. It is not sexy. So that's why I don't have someone follow me around.
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  Because you're like, oh, is that how you build wealth? How boring. But
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  a lot of these people on Instagram and so forth are like, wow, they must be so rich and
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  they're broke as hell because they're just giving you an entertainment experience.
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  They're just eliciting dopamine from you. I'm not in the business of that. This
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  is all about giving you what you need and not selling you what
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  you want. So it's not exciting, but
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  it'll give you freedom. So if you want more episodes like this, hit
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  the subscribe button, leave me a question or comment below because the real
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  wealth gap isn't money. It is definitely knowledge applied
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  consistently over time. Get educated. Thanks
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  for listening to Money Grows on Trees. If you enjoyed the episode, leave a
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  five-star review on Apple Podcasts and Spotify and subscribe
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  to us on YouTube so you never miss an episode. And if you're serious about
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  building wealth, make sure to check out the links in the show notes and follow me
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  on all social media platforms at LloydJamesRoss for