In this episode, host Lloyd James Ross, a seven-figure investor and entrepreneur, discusses the current state of the Australian economy and addresses the looming question: Is Australia entering a recession? He highlights the ongoing negative GDP growth per capita, indicating that the country has been in a per capita recession for nearly two years. Lloyd emphasizes the importance of capitalism in rewarding efficiency and warns against the dangers of an economy that supports inefficiency. He also promises to share six effective strategies to protect your wealth during a recession. Listeners are encouraged to subscribe for future episodes with valuable insights and tips on achieving financial freedom.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:04] Protecting wealth during recession.[00:04:05] Recessions as economic rejuvenation.[00:07:36] Per capita recession explained.[00:10:11] Low productivity and immigration effects.[00:13:41] Government job productivity concerns.[00:17:01] Immigration and economic impact.[00:21:13] Economic levers to prevent recession.[00:23:41] Monetary policy and inflation effects.[00:26:34] Tax incentives for businesses.[00:30:46] Building a cash buffer.[00:34:06] Financial literacy and education.[00:36:00] Signed copy of Become Time Rich.

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