Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
Episodes
Saturday Jun 27, 2020
Ep. 26: An Update On My Journey To Financial Freedom
Saturday Jun 27, 2020
Saturday Jun 27, 2020
In today's episode, I give you guys an update on my personal journey to financial freedom, and I show you some insights on the realities of being an internet entrepreneur. Hope you enjoy!
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Saturday Jun 27, 2020
Ep. 25: No, Not All Businesses Are Insured Against Riots
Saturday Jun 27, 2020
Saturday Jun 27, 2020
Apparently, I was a gluten for punishment the other day, and read on Facebook that many out there believe that it’s ok for the rioters to destroy businesses and private property because they have insurance to cover it.
This is an ignorant child’s perspective and no, not every business has insurance, not every insurance company covers riots, and even if their insurance plan covers the destruction, it will more than likely raise their premiums.
Riots are wrong, hands down, there is no justification for them.
They destroy people’s lives of all backgrounds and ethnicities.
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Saturday Jun 20, 2020
Ep. 24: You Only Fail When You Choose To Give Up
Saturday Jun 20, 2020
Saturday Jun 20, 2020
A lot of people talk about failure as if it’s out of their control, and I hate this because you only fail when you choose to give up.
Failure is a choice!
So if you don’t want to fail, then don’t give up.
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Saturday Jun 20, 2020
Ep. 23: All Value Is Subjective, Nothing Has Intrinsic Value
Saturday Jun 20, 2020
Saturday Jun 20, 2020
In today’s episode we are going to be talking about the Theory of Subjective Values. Simply because something exists, doesn’t mean it has value. The value of the item is determined purely by what people are willing to pay for it.
But that isn’t all this theory can be applied to. The Theory of Subjective Values can also be applied to other things, like religion, politics, family traditions, holidays, life views, etc.…. It simply isn’t limited to items that we buy.
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Saturday Jun 13, 2020
Ep. 22: You Can Choose To Not Take Part In A Recession
Saturday Jun 13, 2020
Saturday Jun 13, 2020
Recessions affect everyone. Nope. Wrong. Listen to find out how you can choose to not take part in a recession. This may seem like an arrogant thing to say, but it is possible.
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Saturday Jun 13, 2020
Ep. 21: If You Want to Fix the System, You Must Become Financially Free
Saturday Jun 13, 2020
Saturday Jun 13, 2020
Beginning with a market update, I discuss the current economic environment and where I think the markets are heading. Following the market update, I dive into how to fix institutional and systematic racism by becoming financially free.
If you want to fix systematic racism and an oppressive government, then you have to secede from it. To break out of the system you have to become wealthy. You become wealthy by becoming financially free.
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Today's Article Links:
https://seekingalpha.com/article/4352302-why-unemployment-rate-is-higher-reported
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Sunday Jun 07, 2020
Ep. 20: Money Problems Are the Best Kind of Problems to Have
Sunday Jun 07, 2020
Sunday Jun 07, 2020
Money problems are the best kind of problem to have. This may sound like a very strange thing to say, but when you really think about it, it makes sense.
The reason why money problems are the best type of problems to have, is because it is easy to solve relative to other problems.
See, money is plentiful. So much so, that I personally believe that there are millions and even billions out there with your name written on them, as long as you are willing to do what is necessary to go get them.
You can always make more money. This doesn’t always mean that you have to go start your own business, however that is the best way to make money, but you can always find a way to make money. All you have to do, is be willing to pay the price that is required to get it.
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Sunday Jun 07, 2020
Ep. 19: The Economic Consequences of Riots
Sunday Jun 07, 2020
Sunday Jun 07, 2020
This may come as no surprise that riots are never a good thing, but there are those out there who actually look upon the destruction as a positive thing economically speaking. The supporters of riots believe that the repairs necessary to rebuild what was destroyed will create jobs and economic prosperity for the companies that fix what was destroyed. They often times only look at those who benefit from the destruction, and not the business owners who now have to pay to fix the damages from rioters, rather than growing their business.
While there is always a party that benefits off of the unfortunate events of others, it must be noted that when real value has been destroyed, i.e. finished goods/consumer products, business buildings, vehicles etc.… everyone is hurt by the economic impact of that destruction, not just the business owner.
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Today's Article Links:
https://store.mises.org/OneLesson.aspx
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Sunday May 31, 2020
Ep. 18: To Be Successful, You Have To Do What Others Are Unwilling To Do
Sunday May 31, 2020
Sunday May 31, 2020
In today’s world, everyone wants to be a success, but very few people are actually willing to do what is necessary to achieve that life. For most people, success is merely a fleeting thought that is constantly talked but never achieved.
Why is this? Why is it that only a few are successful, and the vast majority are not?
Because the successful are willing to do what most people aren’t. The successful are willing to work harder, longer, and are willing to pay the costs that are necessary to achieve their goals.
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Sunday May 31, 2020
Ep. 17: Why The Rich Are Getting Richer And The Poor Are Get Poorer
Sunday May 31, 2020
Sunday May 31, 2020
Is it just me, or is life is constantly getting more and more expensive, and no matter how much money you make you never quite seem to have enough? Have you ever felt like the system is set up to benefit the rich and the wealthy, not the poor, despite the rhetoric from politicians on both sides?
Look, this is a very divisive topic that gets brought up all the time, but few people really understand what’s actually going on. So, in today’s episode I’m going to shine a light on this topic and explain what’s really happening.
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