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
Wednesday Aug 05, 2020
Wednesday Aug 05, 2020
Never fear, there’s going to be a second round of stimulus! I mean, was anybody really surprised that they were going to do more stimulus packages? If they didn’t, the economy would ultimately collapse and we would see riots in the streets due to lack of jobs and money.
But here’s the thing, if this continues to happen it will have negative consequences for the entire nation as well (i.e. price inflation). Consequences that I would say, would be worse for the nation, than letting a lot of companies go under.
So, what is the solution? Unfortunately, there are no good solutions at this point, you either let the entire system collapse, or prolong the inevitable. Either way, the outcomes are the same.
The only thing we can do is to take control of the source of our income and achieve mobile income. So, that when that day comes (who knows when it will happen) we will have the freedom to leave.
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