Steve Burns, Author at New Trader U

5 Money Moves Rich People Make That Poor People Fear

Financial strategies that build wealth often feel out of reach for many Americans. While wealthy individuals embrace certain money moves as pathways to greater prosperity, these strategies can seem intimidating or even dangerous to those with limited resources. Let’s explore these wealth-building approaches and understand both their potential and challenges. 1. The Power of Strategic […]

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12 Things the Middle Class Gets Wrong About Money According to Psychology

Personal Finance, Psychology / Steve Burns

Money isn’t just about numbers – it’s deeply psychological. Our financial decisions are shaped by cognitive biases, emotional patterns, and ingrained beliefs that we may not even realize we hold. For middle-class individuals, these psychological factors can create invisible barriers to building wealth and achieving financial security. Let’s explore the critical psychological insights that can

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10 Books Rich People Read That Poor People Never Open

Book Reviews, Wealth / Steve Burns

A study tracking the habits of 233 millionaires revealed one stark difference between them and most other people: 88% of wealthy people love reading for self-improvement. Lower-income people (those with an annual income of $35,000 or less and a liquid net worth of $5,000 or less) primarily read for entertainment. The contrast isn’t just academic—it directly impacts

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If You Really Want To Have Wealth, Master These 10 Principles

Wealth / Steve Burns

Building wealth requires more than a high income – if you want wealth, it requires mastering fundamental principles that guide intelligent financial decisions. Let’s explore ten essential principles that can transform your financial future. 1. The Foundation: Living Below Your Means According to a Federal Reserve study, 37% of Americans can’t cover a $400 emergency

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7 Assets the Middle Class Needs to Build Real Wealth

Wealth / Steve Burns

Building lasting wealth isn’t just for the ultra-wealthy. With strategic planning and consistent action, middle-class families and individuals can create substantial wealth over time through seven critical assets. Here’s your roadmap to building sustainable wealth over the long term. 1. Turn Your Home Into a Wealth-Building Engine Homeownership remains the cornerstone of middle-class wealth building

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If You Really Want to Build Financial Freedom, Master These 7 Investing Principles

Financial Freedom, Financial Independence, Investing / Steve Burns

Building financial freedom isn’t a matter of luck or inherited wealth—it’s about understanding and consistently applying fundamental investing principles. While the path to financial independence might seem complex, it can be simplified into seven core strategies that work together. These time-tested approaches have helped countless investors build lasting wealth, and they can work for you,

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People Who Move From Poor To Rich Share These Success Habits

People Who Move From Poor To Rich Share These 15 Success Habits

Success / Steve Burns

Recent studies reveal that many wealthy individuals have built their fortunes from modest beginnings. Their journeys unveil a fascinating pattern of habits and mindsets transforming their financial trajectories. While each path to wealth is unique, successful individuals often share standard practices that drive wealth creation. These habits and mindsets form the foundation of their financial

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How Rich People Think vs How Poor People Think (10 Mental Models)

Wealth / Steve Burns

Your financial destiny isn’t just about what’s in your bank account – it’s deeply rooted in how you think about money, time, and resources. Mental models, the frameworks we use to make decisions and solve problems, often separate those who build wealth from those who struggle financially. Understanding these differences isn’t about judgment but recognizing

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7 Things Stopping You From Building Real Wealth Right Now

Wealth / Steve Burns

Recent financial studies indicate that many Americans struggle to build lasting wealth, even with steady incomes. Specifically, data suggests that around 65% of Americans struggle to accumulate substantial wealth due to various systemic and personal factors affecting their financial stability and growth. These factors include high debt levels, inadequate savings, and barriers to investment opportunities,

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5 Things the Middle Class Must Stop Buying in 2024

Economics, Personal Finance / Steve Burns

As inflation continues to impact household budgets, making strategic spending decisions has become crucial for middle-class families. Here’s a detailed look at five key areas where adjusting purchasing habits can lead to significant savings in 2024. 1. The Hidden Cost of Restaurant Convenience: Why Home Cooking is Your 2024 Superpower According to a Bloomberg report,

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Author name: Steve Burns