EP 9 – How to Stop Being Busy and Start Getting Wealthy
“In corporate America, if you don’t have your own plan, they’ll find a place for you in their plan.”
Lloyd
“ It’s better to have 10% of a watermelon than 100% of a grape.”
Lloyd
This week, Lance sits down with Lloyd Ross to take listeners through his compelling journey from a traditional 9-to-5 job to financial freedom. Lloyd, a successful entrepreneur and investor, runs four businesses from home and manages an equities portfolio. He discusses the common misconception that busyness equals productivity, explaining that true wealth comes from being strategic and intentional with your time. Lloyd introduces listeners to the four laws from his upcoming book, “Become Time Rich: How to Stop Being Busy and Start Getting Wealthy,” which include the Law of Definite Purpose, Law of Elimination, Law of Leverage, and Law of Priority. These laws aim to help individuals align their daily actions with their ultimate goals to achieve more by doing less.
Lloyd also shares practical tips for time management and leveraging capital, offering a fresh perspective on how to attain a fulfilling and financially stable life. Towards the end of the episode, Lloyd reflects on his own career transitions, including why he left practicing law to become a financial educator. He highlights the importance of not falling for the sunk cost fallacy and making bold decisions to improve overall happiness. The episode wraps up with a heartwarming personal anecdote about how he surprised his wife and nephew with two dachshund puppies, adding a touch of warmth and humanity to the discussion on wealth-building and time management. Don’t miss this enlightening conversation packed with actionable insights on achieving financial independence and living a purpose-driven life.
Topics Include:
- Time Management Strategies
- Lloyd’s Four Time Laws Explained
- Learning to Leverage Your Capital
- Understanding Decision Fatigue
- Balancing Work and Personal Life
Resources mentioned in this episode:
Become Time Rich: How to Stop Being Busy and Start Getting Wealthy
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
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