Listen "#606: Independent Wealth: Trading for True Freedom"
Episode Synopsis
Independent Wealth: Trading for True Freedom Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Click Here To Learn How to Gain 1% Daily #606: Independent Wealth: Trading for True Freedom In this video: 00:27 – Independence is awesome. 01:02 – Monetary independence. 02:17 – The good old banking days have gone. 03:00 – Do you fit the narrative? 04:01 – Self-reliance through trading. 05:32 – Brand New Forex Masterclass. 06:15 - New course pricing structure available. 06:57 – Blueberry Markets as a Forex Broker. 07:22 – Like, Share and Subscribe I'm going to talk today about becoming your own bank and how, through becoming a good trader, you can achieve this for yourself. Let's get into that more right now. Hey there, Traders! This is Andrew Mitchem here at The Forex Trading Coach with video and podcast number 606. Independence is awesome. Today I want to talk about being independent. I choose to become independent with the way that I live. We grow the vast majority of our own food. We have access to our own meat. We catch our own fish. I've got beehives for our own honey, and we like to grow and produce as much food at home as we can because it allows us to be independent. And alongside that, you've got all the obvious health benefits. So that's a personal choice. Monetary independence. Now, when it comes to money, I also personally choose to become as independent as I can. Just last week I was interested in purchasing a rural property with my wife, and I thought, well, let's go and ask the bank to see if they would help finance it because, you know, money's relatively cheap. And if you can get finance at, sort of, 5%, let's say, and you're making, let's say, 5% in a month through your trading, well, you're better off borrowing from the bank. So we approached the bank to see if they would help us for this property. I was amazed that one of the first questions I got asked was about my age and my retirement plans. Now, I had zero retirement plans or anything. I'm 52 years old. And it just struck a chord with me. It's like, wow, these banks, you know, they go through these processes of ticking boxes. Whether it’s AI-induced, I'm not sure. The good old banking days have gone. But rather than the good old days when you used to go to a bank manager, they’d go, “Hey, Andrew, what do you need the money for? Oh, I think you can do that. We’ll back you. That'll work.” In simplified terms, that's how it used to be. Today it's no longer like that. And I just found it really off-putting that the bank's more interested in my age and my retirement plans—of which I had zero—because I love doing what I'm doing. I'm only 52. Yet whether the property was a good property or not, how much cash we were going to inject in it, or what the property was going to make as a rental or anything like that didn’t seem to matter. Do you fit the narrative? It just basically gave me that reminder of: hey, do you really want to be in the way that things should be done these days? Because it seemed to me that if you don't fit the narrative and you don't fit the model, then they're not so much interested in you. And it again came back to my trading. It's like: become your own bank. So if you're slightly more mature and older, in the 50s and beyond like I am, then you may also find that if you need borrowing for any investment property—or whatever you need it for—things today are a little bit tougher than what they used to be. If you're watching this and you're young, then obviously you've got time and experience to come, but you've got time on your side. So whichever you are—whether you're older and heading toward retirement, or not even thinking of retirement, or you're in your 20s—this applies to everybody. Self-reliance through trading.
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