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 Aug 29, 2020
Saturday Aug 29, 2020
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The reason we want to achieve financial freedom is to acquire mobile income. This allows us to have real freedom. Freedom of movement, and the ability to move abroad if needed.
Let's face it, we no longer live in a time where you can live in one location and expect everything to remain the same and nothing to go wrong.
We need to provide ourselves options and the freedom to move when economies change, societies go off the rails, and we need to be able to quickly pivot and do what is best for our families and financial security at any point in time.
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Saturday Aug 29, 2020
Saturday Aug 29, 2020
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You are now going to start hearing a shift in the narrative coming from the government and the media on COVID-19. As we get closer to the election, the narrative will start to change from the virus to the election and other political and economic issues.
This really isn’t all the surprising considering the fact that COVID-19 has really been a non-issue since its arrival to the US of A.
Even by the government’s own numbers, the vast majority of people who get the virus are not dying or having very many issues at all. And that’s going off of the government’s official numbers, but even their numbers are completely unreliable and deceptive.
Listen to today’s episode to find out more, and why its past time to get back to normalcy.
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Friday Aug 21, 2020
Friday Aug 21, 2020
Is Monarchy better than Democracy?
Is Democracy better than Monarchy?
I know I’m definitely in the minority when I say this, but I personally believe that Monarchy is superior to Democracy, and Republics for that matter.
Listen to find out why.
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Today's Article Links:
http://madmonarchist.blogspot.com/ - Ep: 39
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Sunday Aug 16, 2020
Sunday Aug 16, 2020
It may come as a surprise to you that it’s easy to fake trading.
In fact, it’s so easy, that the industry is full of these fakers who are trying to convince you that they are consistently profitable traders, and that you should buy their course.
This is why it’s incredibly important for you to be very careful with whom you listen to when you are trying to learn this skill.
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Sunday Aug 16, 2020
Sunday Aug 16, 2020
Banks are tightening their belts by raising lending standards and restricting how much money you can borrow, if any, and are building their loan loss reserves as well.
This is the biggest red flag that the recession is about to take a deeper dive and may very well develop into an economic depression.
Understand, that for a long time now, the U.S. has been addicted to easy money (low interest rates, easy/loose lending standards) and for a time at least, a lot of that is ending.
So, what does this mean for you and the entire U.S. economy?
It means that the US of A is very similar to a heroine addict, constantly needing one hit after another in order to be seemingly stable.
But, like all addicts, the minute access to the drug dries up, the pain starts to set in, and before you know it, the addict is hitting rock bottom and may never truly recover.
This is the true state of America today.
We’ve been on this huge addiction to easy money for so long now that when it all dries up it will send a massive ripple through the economy (US and global) and will devastate millions of lives.
But there’s a way you can avoid all of this, listen to find out how.
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Today's Article Links:
https://www.mauldineconomics.com/frontlinethoughts/yellow-flag-jobs-data
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Saturday Aug 08, 2020
Saturday Aug 08, 2020
A lot of people initially go into trading thinking that it’s easy and it won’t take them long to master it.
But in reality, learning how to become a consistently profitable trader is a very difficult skill to master, and it can take years of trial and error before you get the skill down.
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Saturday Aug 08, 2020
Saturday Aug 08, 2020
What’s the one thing that this nation needs?
A way to give money directly to people who are just going to piss it all away. Said nobody, with a brain, ever.
But that’s exactly what’s the Federal Government is talking about.
You see, apparently it wasn’t enough to artificially increase the monetary supply by buying Treasury Bonds and Bills. And apparently it wasn’t enough for the Federal Reserve to keep interest rates artificially low for decades, making it very hard for every day people to buy houses, cars, and a whole host of other things due to the inflation it causes.
Apparently, it wasn’t enough making life difficult to afford for everyone.
Now the Fed is going to be giving money directly to people under the guise of helping them in their time of need.
But you know what it’s really going to do? It’s going to cause inflation, making it even harder than it already was for people to afford life.
This is what the Fed wants to do, and it’s scary.
Tune in, if you want to know how they plan to do all this.
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Today's Article Links:
https://www.zerohedge.com/markets/fed-planning-send-money-directly-americans-next-crisis
https://www.zerohedge.com/markets/its-now-virtually-impossible-get-bank-loan-lending-standards-soar
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Wednesday Aug 05, 2020
Wednesday Aug 05, 2020
While this may seem like an obvious thing, you’d be surprised how many people risk money in the markets that they really can’t afford to lose.
It’s not unheard of these days, to see people who are living paycheck to paycheck, and barely getting by, to risk their money, or in some cases other people’s money via debt, in the markets.
That said though, the reason you never want to risk money in the markets that you can’t afford to lose, is because it’s not a matter of if your going to lose, but a matter of when you’re going to lose money in the markets.
This is why, any time I put my money at risk in the markets I always consider it to be lost right out of the gates. That way if I lose money, I will mitigate negative emotions that come from losing, and if I make money, it will be a happy surprise.
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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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Friday Jul 24, 2020
Friday Jul 24, 2020
Everyone will give you their opinion on what you have to do to become a consistently profitable trader, and to be honest, most of them don’t have a clue as to what they are talking about.
The truth, is that you don’t need fancy computer software, really complicated patterns, or really confusing indicators.
What you really need to become a consistently profitable trader is to understand the basics: learning how to read a price chart, creating a trading strategy, and back-testing.
These are the three most important things that you need to become a consistently profitable trader.
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