#056 - Why You're Always Busy and Still Broke 💰❌

In this episode of the Founders Playbook Podcast, host Nelson welcomes back entrepreneur and podcast partner Lloyd Ross for a deep dive into the concepts of time and money in the business world. They discuss the pitfalls of an over-scheduled life and challenge the notion that "bigger is better" in entrepreneurship. Instead, they advocate for a focus on becoming "time rich" rather than merely busy, emphasizing the importance of leveraging people and systems to create freedom. The conversation touches on the limited role of money in solving all problems and explores whether money truly buys time. Tune in for valuable insights into building a business that prioritizes freedom and purposeful living.Follow Nelson:https://www.instagram.com/creatornelson Follow Lloyd:www.youtube.com/@lloydrosshttps://www.linkedin.com/in/lloyd-james-ross-87818129a/https://www.instagram.com/lloydjamesross/https://www.facebook.com/5stepstomillions/Timestamps: 00:00:00 - Intro00:02:11 - Lloyd's Recent Acquisition00:03:45 - Financial Insights on Laundromats00:05:28 - Key Considerations for Investing00:08:34 - Challenges with Australian Banks00:10:08 - Long-Term Business Strategy00:12:04 - Investment Portfolio Insights00:23:34 - The Scale of Busyness vs. Wealth00:27:02 - Philosophical Moments in Business00:35:27 - The Power of Partnerships00:36:06 - Selecting the Right Business Partners00:40:58 - The Importance of Character Traits