#247 - How To Protect Your Wealth In The Australian Dollar Collapse

Money Grows on Trees

In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, discusses strategies for protecting wealth amidst the current financial turmoil and inflation. He emphasizes the dangers of investing in overpriced properties with negative cash flow and highlights successful figures like Mark Zuckerberg, Jeff Bezos, and Warren Buffett as examples of individuals who have outperformed inflation. Lloyd outlines how leaving money in the bank during these uncertain times is akin to putting it in a leaky bucket. He shares proven strategies that have worked in the past to combat inflation and urges listeners to adopt a mindset that allows them to take control of their finances and grow their wealth. Tune in to learn how to make your money work for you, even during economic challenges.

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Timestamps

00:00:00 - Introduction

[00:00:53] Protecting wealth in inflation.

[00:03:14] Property as an inflation hedge.

[00:06:13] Property as a hedge against inflation.

[00:12:06] Hedging against currency collapse.

[00:12:52] Gold as an inflation hedge.

[00:16:08] Oil as an inflation hedge.

[00:19:45] Pricing power during inflation.

[00:24:21] Skills as an inflation hedge.

[00:27:41] Invest in yourself as asset.

[00:29:17] Bitcoin's value as an asset.

[00:32:27] Hedge against inflation.