Steve Burns, Author at New Trader U

Why the Middle Class Can’t Afford These 5 Common Things Anymore

Economics, Personal Finance / Steve Burns

In 2024, the landscape of middle-class life in America is undergoing a profound transformation. Once considered the bedrock of the American Dream, the middle class faces many financial challenges that threaten their ability to achieve essential milestones and afford things that used to be common in the middle class. Many middle-class families struggle with rising […]

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Warren Buffett's Advice on Managing Money During Inflationary Times

Warren Buffett’s 8 Pieces of Advice For Managing Money During Inflationary Times

Inflation / Steve Burns

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has long been a voice of wisdom regarding money management, especially during challenging economic times. With inflation becoming a growing concern for many, Buffett’s insights on navigating these turbulent waters are more valuable than ever. This article delves into Buffett’s critical strategies for managing money

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People Who Are Middle Class Should Focus on These 5 Strategies for Wealth

Wealth / Steve Burns

Building wealth as a middle-class individual often feels like an uphill battle against stagnant wages, rising costs, and limited opportunities. Yet, with the right strategies and consistent effort, growing your net worth is achievable regardless of your starting point. The key lies in leveraging proven wealth-building tools that compound over time. By focusing on the

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10 Secrets the Rich Use to Grow Money That the Broke Never Learn

Wealth / Steve Burns

While the path to building wealth may seem mysterious to many, high-net-worth individuals often utilize specific strategies that go beyond essential financial advice. These methods require careful consideration, substantial initial capital, and usually professional guidance. The following insights reveal critical wealth-building approaches that separate the financially successful from those struggling to get ahead. Here are

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The 5 Big Differences Between Rich and Broke People’s Mindsets

Wealth / Steve Burns

Money flows toward those who understand the psychology of wealth. The distinction between financial success and struggle often lies not in the circumstances but in the mindset. Thomas Stanley’s research in the book The Millionaire Next Door suggests that millionaires often share certain psychological traits and attitudes that contribute to their financial success. These include

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Warren Buffett’s 7 Simple Rules for Avoiding Debt and Building Wealth

Personal Finance, Wealth / Steve Burns

Warren Buffett’s path to becoming one of the world’s wealthiest individuals wasn’t paved with complex financial instruments or risky gambles. Instead, his success stems from following simple, timeless principles that anyone can apply. The seven rules below work in tandem to help avoid debt while building lasting wealth. By implementing these strategies, you can create

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10 Bad Habits That Make Middle-Class People Unable to Save Money

Personal Finance / Steve Burns

In today’s economic landscape, many middle-class individuals struggle to save money despite earning a decent income. This financial predicament often stems from ingrained habits that silently erode their ability to build wealth over time. By identifying and addressing these counterproductive behaviors, middle-class earners can take control of their financial future and achieve greater financial security.

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How to Apply Warren Buffett's Stoic Principles to Personal Finance

8 Ways to Apply Warren Buffett’s Stoic Principles to Personal Finance

Personal Finance / Steve Burns

Warren Buffett’s investment philosophy and success align remarkably with ancient Stoic principles, offering a robust framework for personal finance. By combining Buffett’s practical wisdom with Stoic teachings, we can develop a more thoughtful, disciplined approach to managing our money. This guide explores how these complementary philosophies can enhance your financial decision-making and help you build

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The Psychology of Wealth: What the Rich Understand That the Broke Don’t

Psychology, Wealth / Steve Burns

The divide between wealth and being broke often extends beyond financial circumstances into psychology. Understanding the mental models and behavioral patterns that guide financial decision-making reveals profound differences between how wealthy individuals and those struggling financially approach money matters. Keep reading for a deep dive into the psychology of wealth and what the rich understand

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5 Signs You’re Moving from Middle Class to Upper Class

Wealth / Steve Burns

The transition from middle to upper class isn’t just about a bigger paycheck – it’s about fundamental shifts in how you earn, think about, and manage money. These changes often happen gradually, but there are sure signs indicating you’re moving up the socioeconomic financial ladder. Let’s explore the five key indicators that suggest you’re making

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Author name: Steve Burns