Steve Burns, Author at New Trader U

7 Leverage Secrets Rich People Use to Build Wealth Faster Than the Middle Class

The gap between the wealthy and the middle class widens over time. One key factor contributing to this disparity is the strategic use of leverage. The rich have mastered the art of using various leverage techniques to accelerate their wealth accumulation, often outpacing the middle class’s growth rate. This article explores seven leverage secrets wealthy […]

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10 Safest Places to Retire Abroad for Less Than $3,000 a Month

Retirement / Steve Burns

Retirement is a time for relaxation, exploration, and enjoying the fruits of your labor. However, for many Americans, the rising cost of living can make it challenging to maintain their desired lifestyle on a fixed income. Fortunately, numerous safe and affordable destinations worldwide exist where retirees can live comfortably for less than $3,000 a month.

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Need $10,000 per Month in Retirement? Here’s How Much to Save

Retirement / Steve Burns

Retirement planning can seem daunting, especially when aiming for a comfortable lifestyle requiring a substantial monthly income. If you’ve set your sights on $10,000 per month during retirement, you’re likely wondering how much you need to save to make that goal a reality. In this article, we’ll explain how to determine your savings target and

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5 Ways People in the Middle Class Could Become Poor in the Next 5 Years

Economics / Steve Burns

The middle class faces numerous challenges in an ever-changing economic landscape that could lead to financial instability. Understanding these risks is crucial for protecting your family’s financial future and maintaining a stable lifestyle. This article explores five critical ways that middle-class individuals and families could face poverty in the coming years and provides strategies to

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Here’s the Net Worth That Puts You in the Top 10% of American Households by Age

Wealth / Steve Burns

Net worth and wealth distribution across age groups in the United States offer fascinating insights into financial success and the economics of different age groups. Understanding where you stand can be both engaging and motivating. The Federal Reserve’s 2022 Survey of Consumer Finances provides a comprehensive look at American household finances, revealing the benchmarks for

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10 Things the Rich Avoid: The Secrets Behind Wealth

Wealth / Steve Burns

Wealth isn’t just about making money; it’s about making intelligent decisions and avoiding common pitfalls. The rich have mastered certain habits and strategies that set them apart from the average person. In this article, we’ll explore ten things that wealthy individuals typically avoid, revealing the secrets behind their financial success. 1. Steering Clear of Bad

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The US Debt Can’t Be Repaid: So What Will Happen Instead?

Economics / Steve Burns

As the world’s economic powerhouse, the United States has long been viewed as a bastion of financial stability. However, beneath the surface of prosperity lies a substantial monetary problem: a massive national debt that defies conventional solutions. In this article, we’ll explore the sobering reality of America’s debt dilemma and the potential scenarios that could

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How Middle-Class Americans Own Less Wealth Than the Top 1%

Wealth / Steve Burns

The US economic landscape has dramatically transformed over the past few decades, resulting in a startling shift in wealth distribution. This change has led to middle-class Americans owning less wealth than the top 1% of earners. To understand this phenomenon and its implications for society, we must delve into the factors driving this wealth concentration,

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10 Proven Ways to Build Wealth: How Wealthy People Do It

Wealth / Steve Burns

Building wealth is a goal shared by many but achieved by few. The path to financial success isn’t a mystery—it’s a well-trodden road paved with proven strategies and habits. In this article, we’ll explore ten essential methods wealthy individuals use to build and maintain wealth, providing actionable insights for your financial journey. 1. Maximize and

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Dave Ramsey: 25 Things Poor People Waste Money On: Frugal Living 2024 (Financial Independence)

10 Simple Habits of the Average Millionaire, According to Dave Ramsey

Wealth / Steve Burns

In a groundbreaking study, Ramsey Solutions surveyed 10,000 millionaires, uncovering surprising insights into how everyday people build wealth. This extensive research, known as The National Study of Millionaires, challenges common misconceptions about wealth accumulation. Let’s explore the ten simple habits these millionaires credit for financial success. These habits offer a roadmap for anyone aspiring to

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Author name: Steve Burns