Steve Burns, Author at New Trader U

10 Lessons Men Learn Too Late in Life to Become Wealthy

The path to wealth often comes with hard-learned lessons. For many men, these insights arrive after crucial years have passed. Understanding and applying these principles early can dramatically alter your financial trajectory. Wealth-building lessons are best learned early and used throughout your life. Keep reading for ten vital lessons that can transform your journey to wealth. […]

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12 Reasons Broke People Stay Broke While the Rich Get Richer

Wealth / Steve Burns

In America today, the share of wealth held by the top 1% increased from 30.9% in 2020 to 32% by 2024. As of 2024, the top 10% of households by wealth held 67% of total household wealth, averaging $6.9 million each, while the bottom 50% held only 2.5% of total wealth, averaging $51,000 each. The

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5 Ways to Stay Financially Independent in the Middle Class

Financial Freedom, Financial Independence, Personal Finance / Steve Burns

Financial independence represents a milestone many middle-class individuals strive to achieve. The path requires strategic planning, disciplined execution, and intelligent financial decisions. According to the Pew Research Center, a middle-class household in the United States typically earns between $52,000 and $156,000 annually, based on the definition of being within two-thirds to double the national median

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10 Books Wealthy People Read That Broke People Never Open

Book Reviews, Books, Wealth / Steve Burns

One often overlooked factor in the pursuit of success and wealth is the reading habits of those who have already achieved financial prosperity. The books that wealthy individuals gravitate towards often contain valuable insights, strategies, and mindsets that can contribute to personal and professional growth. This article explores ten books frequently read by the wealthy

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5 Things Middle-Class Americans Won’t Be Able to Afford in the Next Five Years

Psychology / Steve Burns

In recent years, middle-class Americans have faced mounting financial pressures as living costs continue to rise. With inflation, supply chain disruptions, and other economic factors at play, many families are finding it increasingly difficult to maintain their standard of living.Over the next five years, several essential aspects of life are expected to become even less

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People With Low Financial Intelligence Display These 9 Behaviors (Without Realizing It)

Personal Finance / Steve Burns

Financial intelligence isn’t about how much money you have but how well you understand and manage your finances. Many unknowingly exhibit behaviors that signal low financial literacy, which can impact long-term economic health. Let’s explore these nine common behaviors and learn how to address them. People with low financial intelligence (FI) often display these nine

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Warren Buffett: 10 Things Broke People Waste Money on (Frugal Living, Financial Independence)

Personal Finance, Warren Buffett / Steve Burns

Warren Buffett, the Oracle of Omaha, is renowned for his investment insight and frugal lifestyle. His approach to money management offers invaluable lessons on financial independence. Many people struggle with their finances due to poor spending habits. This article explores ten common areas where broke individuals often waste money, highlighting Buffett’s insights on frugal living.

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Rich People vs Broke People: 7 Hard Truths About Life

Wealth / Steve Burns

The path to financial success isn’t merely about how much money you make but how you think about and handle money. The stark contrast between wealthy and financially struggling individuals often comes down to fundamental differences in mindset, habits, and decision-making patterns. Based on years of research and real-world observations, this article’s analysis explores seven

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Warren Buffett’s 7 Golden Rules For Building High-Level Wealth

Warren Buffett, Wealth / Steve Burns

Warren Buffett, the Oracle of Omaha, has built an unparalleled legacy in wealth creation through decades of disciplined investing and unwavering business principles. His approach transcends market cycles and has proven effective across generations. The article covers his seven golden rules and distills his wisdom into actionable strategies for investors at any level. Let’s dive

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10 Middle-Class Money Habits That Are Keeping You Stuck

Personal Finance / Steve Burns

Financial freedom isn’t just about earning more—it’s about breaking free from habits that keep wealth out of reach. While the middle class represents financial stability for many, certain deeply ingrained money habits can prevent the leap from comfort to true financial peace, financial independence, and wealth building. According to a CareerBuilder survey, around 78% of

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Author name: Steve Burns