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
Friday Sep 18, 2020
Friday Sep 18, 2020
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When I talk about financial freedom on my show, it’s important to know what that means.
Financial freedom is taking control of the source of your income, but its so much more than that.
Financial freedom is also about becoming debt free, and controlling your finances so that your finances don’t control you.
This may sound confusing initially, but when you sit down and think about it, it starts to make sense. Financial freedom is about being free and independent, but you can’t be free if you keep spending every dime that you make.
This will eventually cause you to go into debt, which is voluntary slavery, as I’m sure you’ve heard, the debtor is always slave to the lender. So, we must control our finances in order to not become slaves to anybody else.
Another way of thinking about this, would be that, if you spend every dime you make, you are in effect no longer working for yourself, you are working for the businesses that you spend your money with. Therefore, can you really say that you are truly free?
We talk about all this and more in today’s episode, cheers!
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