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 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
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
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
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
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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Saturday May 23, 2020
Saturday May 23, 2020
These days, people are so eager and willing (if not excited) to go into debt, and they don't even see anything wrong with it. But look, the fact of the matter is that the debtor is slave to the lender, and we unfortunately have a ton of people today who are perfectly fine with being a slave to someone else, just to live a life they can't actually afford.
This is one of the many reasons why I hate debt, and why I believe that we should all actively avoid debt as much as possible. However, if you, like most people, have to go into debt, you should understand it as much as you can. You should know the difference between good debt and bad debt, and you should know the two kinds of debt you should only ever allow yourself to get caught up in, assuming going into debt is unavoidable.
We'll talk about this and more in today's episode. Have a happy Memorial Day Weekend!
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Wednesday May 20, 2020
Wednesday May 20, 2020
Have you ever asked yourself what is really within your self-interest? Most people haven't, which is why the vast majority of people don’t act within their own self-interest. Now look, no one is perfect, so we're never going to always act 100% in our own self-interest, but by simply doing two things, we can get a better grasp on what is really within our own self-interest. We talk about all of this and more in today's episode, enjoy!!
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Friday May 15, 2020
Friday May 15, 2020
Many people start a business because they want to be their own boss and control their time better. But usually, what happens is that they end up letting the business control them, putting them right back where they started. If you are working to create a life where you can live life on your terms, then make sure to live that life once you create it.
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Friday May 15, 2020
Friday May 15, 2020
"We are all in this together"... (I hate that phrase) no we're not. Here's why, with Adam Smith and Ayn Rand's explanation.
Join me as I explore the notion of how taking care of yourself leads to benefiting others and the economy.
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Friday May 15, 2020
Friday May 15, 2020
Looking at the charts all the time can really hurt your trading, yet it’s what a lot of traders seem to want to do. If you are having a hard time with your trading, and you keep sabotaging your trades, then ask yourself what's causing the problems.
So often as traders we place our trades, and then we constantly watch them, allowing our emotions to rip us apart inside, wasting away in front of our monitors.
If this is you, then don't worry, there's an easy solution.
Get up and go live your life. STOP WATCHING THE CHARTS!!!!
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