Steve Burns, Author at New Trader U

9 Things the Middle Class Stopped Doing When They Became Wealthy

When individuals break through and leap from middle-class to wealthy, their financial habits and behaviors often change significantly. This shift reflects an increase in bank account balances and a fundamental transformation in mindset and approach to money management. Let’s explore nine critical practices the middle class typically abandons as they climb the economic ladder. 1. […]

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What to Do When a Key Employee Quits

career / Steve Burns

The departure of a key employee can send shockwaves through an organization. Losing a vital team member, whether a top performer, a crucial manager, or someone with irreplaceable knowledge, can be disruptive and challenging. However, with the right approach, you can navigate this transition smoothly and even turn it into an opportunity for growth. This

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The Middle-Class Trap: Why You’re Not Building Wealth

Economics / Steve Burns

Understanding the Middle-Class Financial Trap You’ve worked hard to achieve a stable income, a comfortable home, and a lifestyle many would envy. Yet, despite your best efforts, you struggle to build substantial wealth. Welcome to the middle-class financial trap, a perplexing phenomenon in which individuals with steady incomes are unable to accumulate significant assets or

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Mastering Self-Discipline: The Key to Financial and Personal Growth

Psychology, Success / Steve Burns

Understanding Self-Discipline: The Foundation of Growth Self-discipline is the cornerstone of personal and financial success. It’s the ability to control one’s thoughts, actions, and behaviors to pursue long-term goals, even in the face of temptation or adversity. This powerful skill enables individuals to consistently progress toward their objectives, whether aiming to build wealth, improve their

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How to Keep Your Key Employees From Leaving: Strategies for Retention

career / Steve Burns

In today’s competitive business landscape, retaining key employees is crucial for the success and stability of any organization. High turnover rates can lead to increased costs, reduced morale, and decreased productivity. As a business owner or manager, implementing effective retention strategies is essential to keep your valuable team members engaged and committed to your company’s

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Millennials & Gen-Z are Poorer Than Ever (Here’s Why)

Economics / Steve Burns

Millennials and Gen-Z have grown concerned about their financial well-being in recent years. They want to understand why their younger generation faces unprecedented economic challenges, leaving them to wonder why they seem financially so worse off than their predecessors. This article delves into the various factors contributing to this phenomenon, exploring the complex web of

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7 Wealth-Building Rules Smart People Follow

Wealth / Steve Burns

In pursuing financial success, savvy individuals often adhere to advanced wealth-building rules beyond essential financial advice. These strategies can help you accelerate wealth accumulation and achieve financial goals more effectively. Let’s explore seven critical rules financially astute people follow to build and maintain wealth. 1. Invest in Asymmetric Opportunities Smart wealth builders always seek investments

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6 Ways Upper-Middle Class People Become Rich by Retirement

Retirement, Wealth / Steve Burns

In today’s economic landscape, achieving substantial wealth by retirement is a common aspiration for many upper-middle-class individuals. While a comfortable income provides a solid foundation, the strategic financial decisions made over time pave the way to a prosperous retirement. This article explores six proven methods that upper-middle-class people can employ to boost their wealth when

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5 Cities Where the Rich Live A Middle-Class Lifestyle

Economics / Steve Burns

In today’s economy, the definition of wealth is increasingly relative, especially in major urban centers where the cost of living can quickly erode even substantial incomes and wealth. This phenomenon has given rise to a curious situation: cities where six-figure salaries and multimillionaires barely scratch the surface of what it means to live comfortably. Let’s

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10 Money Lessons Men Learn Too Late in Life

Personal Finance / Steve Burns

Money management is a crucial life skill many men unfortunately master too late. Financial literacy isn’t just about understanding complex investment strategies or economic theories; it’s about making informed decisions that can significantly impact your quality of life. Many men face financial hardships that could have been avoided had they learned these lessons earlier. Whether

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Author name: Steve Burns