Steve Burns, Author at New Trader U

Gen Z’s Net Worth: How to Know if You’re Poor, Middle-Class, Upper Middle-Class or Rich

1. Understanding Net Worth for Gen Z Net worth is a crucial financial metric that provides a snapshot of one’s overall financial health. It’s calculated by subtracting your total liabilities (debts) from your total assets (what you own). For Generation Z, those born between 1997 and 2012 (currently ages 11-26), understanding net worth is particularly […]

Gen Z’s Net Worth: How to Know if You’re Poor, Middle-Class, Upper Middle-Class or Rich Read More »

12 Bad Money Habits that Keep You Poor (Even with a Good Income)

Personal Finance / Steve Burns

Have you ever wondered why some people with six-figure salaries struggle to make ends meet? The answer often lies not in how much they earn but in their financial habits. Most Americans struggle to save or invest after paying their monthly expenses regardless of income level. A 2023 survey conducted by Payroll.org highlighted that 78%

12 Bad Money Habits that Keep You Poor (Even with a Good Income) Read More »

10 Assets That Make People Rich and Never Need To Work Again (Financial Freedom, Passive Income, Cash Flow)

Financial Freedom, Financial Independence / Steve Burns

Many aspire to financial freedom, but few achieve it. The key is to build a portfolio of assets that generate passive income and consistent cash flow. In this article, we’ll explore ten assets that have the potential to make people rich and provide financial independence, allowing them never to need to work again. Let’s dive

10 Assets That Make People Rich and Never Need To Work Again (Financial Freedom, Passive Income, Cash Flow) Read More »

5 Services that Middle-Class Americans Won’t Be Able to Afford in the Next Five Years Due to Inflation

Economics / Steve Burns

The American middle class has long been considered the backbone of the nation’s economy. However, as inflation continues to outpace wage growth, many families are finding it increasingly difficult to maintain their standard of living. This article explores five essential services that middle-class Americans may struggle to afford in the coming years, highlighting their growing

5 Services that Middle-Class Americans Won’t Be Able to Afford in the Next Five Years Due to Inflation Read More »

7 Simple And Easy Saving Tips That Work In 2024: Warren Buffett’s Frugal Habits

Warren Buffett / Steve Burns

Warren Buffett, one of the wealthiest individuals in the world, is renowned not just for his investment insight but also for his frugal lifestyle. Despite his vast fortune, Buffett’s modest habits offer valuable lessons for anyone looking to improve their financial health. In today’s economic landscape, where financial security can feel elusive, Buffett’s time-tested approaches

7 Simple And Easy Saving Tips That Work In 2024: Warren Buffett’s Frugal Habits Read More »

From Poor to Wealthy: Life Lessons That Actually Work

Wealth / Steve Burns

In a world where financial success often seems elusive, many wonder if there’s a secret formula for building wealth. While there’s no one-size-fits-all approach, certain principles consistently appear in the stories of those who’ve successfully transitioned from financial struggle to prosperity. This article explores five essential life lessons that can help you journey from poor

From Poor to Wealthy: Life Lessons That Actually Work Read More »

10 Safest Places Abroad to Retire on $1,000 a Month or Less

Financial Freedom, Financial Independence, Personal Finance / Steve Burns

Retiring abroad has become an increasingly attractive option for many, offering the promise of adventure, cultural enrichment, and, often, a lower cost of living. Several destinations worldwide offer affordability, safety, and a high quality of life for those looking to stretch their retirement savings. This article explores the ten safest places to retire comfortably at

10 Safest Places Abroad to Retire on $1,000 a Month or Less Read More »

The Psychology of Wealth: How Your Mind Affects Your Money

Psychology, Wealth / Steve Burns

Money is more than just numbers in a bank account or bills in your wallet. It’s a reflection of our thoughts, beliefs, and emotions. Understanding the psychology behind wealth can be the key to unlocking your financial potential. This article will explore how your mindset shapes your financial reality and provide practical strategies to cultivate

The Psychology of Wealth: How Your Mind Affects Your Money Read More »

7 Poor Money Habits You Learned Long Ago That Are Still Hurting You Today

Personal Finance / Steve Burns

Financial habits formed early in life can impact our economic well-being. Many people unknowingly pick up poor money habits in their youth that continue to affect their financial health today. By identifying and addressing these habits, you can take steps towards a more secure financial future. Let’s explore seven everyday poor money habits and how

7 Poor Money Habits You Learned Long Ago That Are Still Hurting You Today Read More »

Author name: Steve Burns