Independent Wealth: Trading for True Freedom
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#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.
Why don’t you, instead of relying on the way that we’re told we should do things, think differently? Like we do with our food and with our finances—creating your own bank yourself through your trading.
If you know what you’re doing, you can do that through the quality of your trading. But not only that—if you can make consistent gains through your trading on your own account, then of course you’ve got options these days.
You’ve got prop firms. You don’t just need one prop firm account—you can have multiple. You could sell trading signals. You could potentially, depending on legalities, trade for other people. There are multiple ways in which you can put your trading skills to good use. And over time, with compounding, you can become your own self-funding bank. I think that should appeal to many people.
Like I said, if you’re older, you’re going to find the traditional banks maybe a little bit harder to get funds from. If you’re younger, use your youth, your time, and your likely computer skills to give yourself time to learn how to do this properly so that you can, over time, compound and build wealth for yourself—so you don’t have to fit into the norm and the narrative that there seems to be these days.
Brand New Forex Masterclass.
The other thing I’d like you to have a look at is just this week we’ve launched two things. One is our new 30-minute masterclass. Have a look at it. There’s lots of information about how you can trade properly, how you can use small amounts of funds and compound over time to become your own bank. Or, if you want to go down the prop firm track, then there are various options there.
So have a look at our new masterclass. It’s on demand. It’s about 30 minutes long. Set aside 30 minutes. Turn off your phone and everything else, and just sit and watch it. You’re going to get a massive amount of benefit from it. I’ll put a link here for that.
New course pricing structure available.
Also, if you watch that webinar, you will see that we’ve just launched a new pricing structure. The course fee at The Forex Trading Coach has always been a one-off fee, and it’s been like that for over 16 years. But we’ve just changed that to try and help more people come on board with a lower entry fee and then an optional monthly subscription going forward.
I hope that helps a lot of you out there, because I know that funds—whether it’s borrowing like we’ve tried to do, or just cost of living in general—can be tight. So have a look at that masterclass, go through it, and you’ll see the new pricing structure. You’ll gain lots of information from that masterclass itself.
Blueberry Markets as a Forex Broker.
If you’re out there looking for a really good broker, I’ll put a link here to Blueberry Markets. I can highly recommend them. I use them every day. The MT5 platform that they have has a vast number of forex markets plus other non-forex markets like metals, indices, cryptos, commodities, etc. And not only that, they’re a great bunch of people to deal with. So I’ll put a link to Blueberry Markets here as well.
Like, Share and Subscribe
If you’re watching this video on something like YouTube, please don’t forget to like, subscribe, and share so you get notification of future videos. And if you’d like me to discuss any trading topics—or in general, life topics like today—just shoot me an email at Andrew@TheForexTradingCoach.com
or leave a comment down below.
Thanks again. I’ll see you this time next week. Bye for now.
Episode Title: #606: Independent Wealth: Trading for True Freedom
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
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Spotify | Android | iHeartRadio | TuneIn | RSS
