Wealth Archives - Page 3 of 96

Why Most People Never Build Wealth—The 7 Hidden Money Mistakes

Building wealth isn’t just about earning more—it’s about avoiding the common pitfalls that silently erode your financial future. While many dream of financial independence, the path there is often blocked not by insufficient income but by subtle mistakes that compound over time. According to the Federal Reserve’s Distributional Financial Accounts, the wealthiest 10% of American […]

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10 Books That Changed How the Rich Think About Money (According to Psychology)

Book Reviews, Books, Psychology, Wealth / Steve Burns

The way we think about money can significantly impact our financial success. Over the years, several influential books have shaped the mindset of wealthy individuals, offering valuable insights into the psychology of wealth creation and management. This article explores ten books that have revolutionized how the rich approach money based on psychological principles and real-world

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5 Life-Changing Money Rules Warren Buffett Followed Before He Got Rich

Personal Finance, Wealth / Steve Burns

Warren Buffett, often called the “Oracle of Omaha,” has amassed a fortune worth over $161 billion, making him one of the wealthiest individuals on the planet. Yet long before he became a household name, Buffett was already practicing fundamental money principles that would eventually form the bedrock of his extraordinary wealth. What’s most remarkable about

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The Billionaire’s Secret Library: 10 Books That Transform Your Money Psychology

Best books, Billionaires, Book Reviews, Books, Wealth / Steve Burns

In the world of wealth creation and financial success, mindset is everything. How you think about money, success, and opportunity can make or break your financial future. Billionaires often credit their achievements to the wisdom gleaned from a select group of books. These gems have the power to reshape your money psychology and set you

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If You Really Want to Know How the Rich Get Richer, Study These 7 Financial Secrets

Wealth / Steve Burns

The wealth gap continues to widen between the financially successful and everyone else. This disparity isn’t accidental or purely luck-based. The financially successful follow specific wealth-building principles consistently, creating a path to prosperity that compounds over time. These aren’t mysterious “get-rich-quick” schemes but proven strategies implemented with patience and discipline. Understanding and applying these principles

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10 Secret Wealth-Building Lessons from Warren Buffett That Few Follow

Warren Buffett, Wealth / Steve Burns

With a net worth exceeding $156 billion, Warren Buffett is one of history’s most successful investors. Since taking control of Berkshire Hathaway in 1965, Berkshire Hathaway’s overall stock return from 1965 through 2023 was 4,384,748%. S&P 500’s overall return: The S&P 500’s overall gain for the same period (1965-2023) was 31,223% Yet despite his openness

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Self-Made Millionaires Avoid These 10 Wealth-Destroying Decisions

If You Really Want to Be a Millionaire, You Must Avoid These 10 Wealth-Destroying Decisions

Wealth / Steve Burns

The path to millionaire status isn’t just about making money—it’s about making smart decisions with the money you have. While there’s no shortage of get-rich-quick schemes promising overnight success, true wealth-building is a methodical process requiring financial discipline and strategic choices. By identifying and avoiding the ten wealth-destroying decisions below, you’ll position yourself on the

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If You Really Want to Build Your First $100K Account, Follow These 7 Investing Rules

Investing, Wealth / Steve Burns

Reaching your first $100,000 in investments represents a significant milestone in your financial journey. According to many investment experts, the journey to your first $100K typically takes the longest, while subsequent $100K increments come more quickly, thanks to the power of compound returns. Research from Fidelity Investments shows that investors who reach this milestone are

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7 Old Money Books That Still Create Wealth Today (When Modern Advice Fails)

Book Reviews, Books, Wealth / Steve Burns

In an era of fleeting financial trends and quick-fix solutions, the enduring wisdom of classic wealth-building books stands out. These timeless writings offer principles that have weathered economic storms and societal shifts, proving their worth across generations. Let’s explore seven old money books that continue to teach people the principles of wealth-building today, even when

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The Self-Made Millionaire’s Reading List: 7 Books That Actually Work

Book Reviews, Books, Millionaire, Wealth / Steve Burns

Many aspiring millionaires turn to books for guidance and inspiration when pursuing financial success. While countless titles promise the secrets to wealth, only a few have consistently proven their worth. This carefully curated list below presents seven influential books that have helped self-made millionaires build their fortunes. Each book has helped lay the foundation for

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