Leading vs Lagging Indicators
July 23, 2023
On this episode of Money Grows on Trees: the Podcast, host Lloyd Ross delves into the concept of Leading vs Lagging Indicators. The key point highlighted is the importance of focusing on specific actions rather than directly focusing on the result. Lloyd emphasizes that many people tend to prioritize lagging indicators such as weight loss or finding love, instead of focusing on the leading indicators that lead to those outcomes.
Love is described as a lagging indicator, meaning that it requires positioning oneself to meet someone compatible before falling in love. Lloyd suggests that dating is the leading indicator of love and urges listeners to take action by going on multiple dates to increase the probability of finding someone with similar values. Money is another lagging indicator, often causing a struggle for those who prioritize it. Your Millionaire Money Mentor emphasizes that putting money first leads to little success, and instead, suggests focusing on developing skills and taking action to earn money.
Weight loss is discussed as another lagging indicator, highlighting that the leading indicators of weight loss are healthy eating, exercise, and self-care. The importance of friendship is also emphasized, mentioning that friendship is a lagging indicator resulting from actively seeking social opportunities.
Throughout the episode, Your Millionaire Money Mentor provides examples of both lagging and leading indicators in various contexts, such as inflation in the economy and the importance of developing skills for generating money. Lloyd urges listeners to prioritize leading indicators by focusing on actions and skills that can lead to success.
Remember to share this podcast episode with a friend, send them the link, and leave a five-star review on Spotify. Remember, understanding the concept of Leading vs Lagging Indicators can significantly impact your mindset regarding money, success, and wealth. So tune in to this episode of Money Grows on Trees and discover the power of focusing on leading indicators in your life.
Money Grows on Trees Team
On this episode of Money Grows on Trees: the Podcast, host Lloyd Ross delves into the concept of Leading vs Lagging Indicators. The key point highlighted is the importance of focusing on specific actions rather than directly focusing on the result. Lloyd emphasizes that many people tend to prioritize lagging indicators such as weight loss or finding love, instead of focusing on the leading indicators that lead to those outcomes.
Love is described as a lagging indicator, meaning that it requires positioning oneself to meet someone compatible before falling in love. Lloyd suggests that dating is the leading indicator of love and urges listeners to take action by going on multiple dates to increase the probability of finding someone with similar values. Money is another lagging indicator, often causing a struggle for those who prioritize it. Your Millionaire Money Mentor emphasizes that putting money first leads to little success, and instead, suggests focusing on developing skills and taking action to earn money.
Weight loss is discussed as another lagging indicator, highlighting that the leading indicators of weight loss are healthy eating, exercise, and self-care. The importance of friendship is also emphasized, mentioning that friendship is a lagging indicator resulting from actively seeking social opportunities.
Throughout the episode, Your Millionaire Money Mentor provides examples of both lagging and leading indicators in various contexts, such as inflation in the economy and the importance of developing skills for generating money. Lloyd urges listeners to prioritize leading indicators by focusing on actions and skills that can lead to success.
Remember to share this podcast episode with a friend, send them the link, and leave a five-star review on Spotify. Remember, understanding the concept of Leading vs Lagging Indicators can significantly impact your mindset regarding money, success, and wealth. So tune in to this episode of Money Grows on Trees and discover the power of focusing on leading indicators in your life.
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In his early 20s, Lloyd picked up a book called “The Snowball” a comprehensive biography about Warren Buffet, arguably the world’s greatest investor of all time and one of the wealthiest on the planet.
He bought his first stock at age 25 and by the age of 37, Lloyd achieved his first major financial goal of a Million Dollar portfolio, without ever using debt.
He also bought a book called "Rich Dad Poor Dad" which helped him, his wife and his older sister start a side hustle, where they now teach people how to plant their Money Tree. A few months after hitting his first goal his side hustle generates over 7 figures in revenue and now he is looking to create another Million Dollar business.
Join, Lloyd on his journey to help everyday people reach their financial goals, by reading his books at www.moneybuyshappinessbook.com.
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The material in this publication is of the nature of general comment only and does not represent professional advice. The author does not hold an Australian Financial Services License and is not licensed to provide financial advice. As such, this material does not provide specific guidance for particular circumstances. It should not be relied on as the basis for any decision to take action or not take action on any matter it covers. Listeners should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.
This podcast is produced by: Phil Better Inc.