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Rich people are selfish and evil. Time is money. It's so

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wrong. The reality is money doesn't actually grow. In fact, it

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goes down in value from inflation. It does the opposite of

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growth. Wealthy people are least selfish because they're giving more

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value. Money is the root of all evil and money doesn't buy happiness. But

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I challenge that because if you have the opposite mindset that money doesn't

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buy happiness, then it'll never help you. The reason they have so many misconceptions around

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money is because 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 of the greatest myths is

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that working harder creates more money. The reality is we've

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all heard the saying, work smarter, not harder. But it's a very difficult

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paradigm to break because if you want something done right, you've got to do

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it yourself. And that's the paradigm we grow up with to actually, we've got

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to move ourselves back out of that. And that's the difficult thing to

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do because you feel compelled to work because you think that's where

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productivity comes from. But it's actually working less and

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helping you know, getting help from other people and from

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systems and from your capital to do the heavy lifting for

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you. For example, you can delegate certain things and they can do it

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for you and you can split the profits and also use systems to

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do repeatable tasks and of course, deploy your capital, buy assets,

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produce more income while you're sleeping. As the old saying goes, it's better to

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have 10% of a watermelon than it is to have 100% of

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a grape. Huge myth around money that people don't

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understand is that they think money grows. And

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the reality is money doesn't actually grow. In fact, it goes down

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in value from inflation. It does the opposite of

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growth. And so when inflation or price inflation happens in the world, the

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price of goods and services goes up. So it provides the

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notion or it creates this phenomenon where the value of money falls.

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And so when people say, I want to grow my money, what they're really saying is,

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I want to take my money, buy an asset, let the asset grow,

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and then eventually sell the asset and take the money back. So if you want to grow

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your money, a better question to ask yourself is, how can I buy

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an asset that grows in value with my money? And if you do that,

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you'll be looking for different ways to actually grow money

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that's not inherently in the money itself, if that makes sense. Huge myth,

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time is money. It's so wrong. I used to think that time was money as

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well. It wasn't until someone taught me, a mentor taught me that

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time is more valuable than money. And so those who are building wealth

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always put their time before their money. And someone like Warren Buffett, the

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greatest investor who's ever lived, he has done this his whole life. Even

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when he was a small boy, there was a story of where he used to

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go and collect golf balls from the local golf course. He used to fish them

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out of the ponds and then go resell them. So it was a little business he

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discovered at the age of seven. And then he worked out that time was more valuable

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than money. So he actually got another kid to actually go and fish the balls out.

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He did the deal with the golf shop and he actually paid the kid a little bit. He took a margin. So

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he was actually making money without having any effort. So he saved his time.

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And ever since then, he's always put time in front of money, which is why

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If you ask him about his calendar, if you ever get the chance to ask Warren Buffett about

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his calendar, then you'll notice it's very clear. And because

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he makes money with his mind, he doesn't make it with his time. His

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time is so valuable. And you want to make your time valuable too because you want to

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do the things you want to do. And I think that's what really got me out of my

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job because I was trading my time for money. and I needed to flip it

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on its head. I needed my time back. And it's always compelled my

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decisions since then, which has effectively scaled my wealth. You

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grow up hearing these funny sayings like money doesn't grow on trees, money's

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the root of all evil, and money doesn't buy happiness. But

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I challenge that because if you, if you... have the

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opposite mindset that money doesn't buy happiness, then it'll never

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help you. Like if you just believe that money doesn't buy happiness,

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why would you want to get any money? So if you have that block or that program

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running, the most effective way to overcome it is to just flip it and

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just accept the fact that money can buy you happiness because

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it'll buy you choice. It'll buy you Sometimes

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friendship, it can buy you some love, although it's not going to buy you those things

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straight away, but it will position you in a place to meet someone who

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you can fall in love with. It'll give you the money to be able to meet new

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friends. It'll give you the flexibility to do the things that

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bring you joy. So inadvertently, money does buy

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happiness, but it's certainly a better mindset to carry through life

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than money doesn't buy happiness, because then why would you want to go get money? Just

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quickly, if you're ready to take control of your finances but feel stuck on

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where to start, I have a solution. My book, Money Buys Happiness,

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simplifies investing and wealth building with practical steps to help

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you achieve financial peace. Get your copy via the

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link in the show notes, and let's get your money working for you. Now back

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to the episode. The money myth that rich people are selfish and

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evil, and this is a... a paradigm that's developed in us through watching

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films. It's literally the programs we watched as kids where,

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you know, in the movie or the cartoon, the

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villain is always rich. And if you ever watch The Simpsons, the number

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one villain in that movie is Mr. Burns. And of course, he's wealthy, right?

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And so we get brought up that rich people are evil somehow or

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they're selfish. Yeah, they're not going to give anything. The reality is it's

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the opposite. Because to actually become wealthy, you have

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to give more value than you take in the world. Because money-making

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is just an exchange of value. So next time you see someone who's wealthy, say, hey,

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what value did they have to exchange? Or what value did their parents or

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their parents have to exchange to get the wealth in the first place? So

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it's actually the opposite. Wealthy people are least selfish because

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they're giving more value. Whereas people who

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are poor, they're taking more value than what they're giving. So

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I'd flip it on its head and I'd say those who don't have money are more selfish and

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greedy because they can't say no to things. They must take, must

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take, must take, and it keeps them poor. Whereas someone who's building wealth must

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give, must give, must give. And so if you look at it, it's actually the opposite of

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what you've been brought up to learn and to know. Selfishly, It

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makes me feel good. I've definitely salvaged that in that case.

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I tell you why, because I really have

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found it challenging, which is normal, to

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build a successful life. It's so challenging. You're trying to work life

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out, you're trying to get ahead, you're trying to build a successful life

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in multiple areas, and it's so difficult that sometimes you wish that

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someone had told you something, given you an idea,

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and the reality is many mentors have done that and helped me.

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All you want to do is make it easier for someone because you want to see them

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succeed too and you don't want to see them go through challenge after challenge. I like to,

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as the old saying goes, push the buttons in the elevator back down to the floor because I

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relate to how challenging it can be when you're first starting out, building

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a career, building a relationship. Building wealth so I

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like to help other people see him win But I think you know if you look at what our

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most precious Commodity is or what our most precious thing that we have is is

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that time on earth? So I really felt like looking back the

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most damaging myth that I thought was time is money.

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And the reality is that time is more valuable than money. And ever since

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I've kind of adopted that notion, I've approached things completely differently.

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It's created so much more time in my day, in my life. I mean, just

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like yesterday, my wife said to me, hey, it was 10 30 in the morning on a, what

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day is it? Wednesday, it was a Wednesday. And I was like, yep,

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let's go. And we just went for a walk mid-morning. And I

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think it's those things that you just can't put a price on. And that

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mindset shift allowed me to achieve that. So I think that's the

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one that does people most damage. Because what's the thing that they say

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in their deathbed? I wish I had have spent more time with family. I wish I

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had have done these things. And if you don't put time first, you'll end up

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looking back on your life and all you'll see is one big commute to work. And

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I never wanted that. That's why I'm here doing this. The reason they

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have so many misconceptions around money is because money is

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a story we tell ourselves. And quite often,

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we inherit that story from our parents, our teachers, our peers, and

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the story quite often is not effective. It's an ineffective money

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program, it's generational, it'll be passed on through generations, and

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so that's where it emanates from. But what's great about it is if

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you get told a story or you tell yourself a story about your money, The

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great thing about that is stories are made up. And so if you're making up an ineffective

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money story, guess what? You can just make up an effective one starting from

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today. It's like tell yourself a new story and what will happen in your brain.

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It's a weird thing. It sounds woo-woo. But when you start telling

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yourself a better story about wealth, like I am good with money, money

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is around, money is about it, I can make money. If you start telling yourself

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those stories, your reticular activating system, which is the

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component of your brain that picks up on patterns, that allows us to create

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survival mechanisms, it'll start to spot and

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identify opportunities where money's come up and it's there. It

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was always there, but because you're telling yourself a new story, you'll

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spot it faster. A little bit like when you buy a red

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Kia Sportage and all of a sudden you see red Kia Sportages everywhere,

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it's the same with the money story. So you're like, money, money, money. I've

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got a student of mine, he just came into our program a couple of years ago, he's in his

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second season and we call him the money magician now because every

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time he gets onto a call each week, he's like, I've got a new money win, another

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money win. It's almost like money's falling out of the sky for him because

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he's picking up on where it is and he's now able to exploit it because he

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changed his money story. The more money myths you bust,

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the more money will come into your pocket. So there's some of the biggest money myths

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that you no longer have to buy into and you can go and build wealth. Let

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me know if you've got any myths you want to bust. Drop them in the comments below and we'll come and

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bust them together. Thanks for listening to Money Grows on Trees. If you enjoyed

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the episode, leave a five-star review on Apple Podcasts and Spotify

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and subscribe to us on YouTube so you never miss an episode. And

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if you're serious about building wealth, make sure to check out the links in the show

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notes and follow me on all social media platforms, at