Debt Archives - New Trader U

5 Terrible Things The Middle Class Must Stop Buying, According To Dave Ramsey

Dave Ramsey has spent decades teaching Americans how to build wealth, and his message is clear: the middle class stays middle class because they buy things that keep them broke. While most financial advice focuses on what to invest in, Ramsey’s teachings cut deeper by exposing what’s draining bank accounts in the first place. These […]

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Your 2023 Guide to Becoming Debt-Free

Debt / Steve Burns

This is a guest post by Echo Mayernik. Are you looking for a plan to become debt-free by 2023? If so, you’re in the right place! Let’s first break down what it means to become debt-free. Between isolating debts and collections and looking at the interest rates of your payments, becoming debt-free requires creating a

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5 Ways Rich People Make Money With Debt

Debt, Wealth / Steve Burns

In finance there is both bad debt and good debt. Bad debt is owing money on depreciating assets that have fixed payments and go down in value. Good debt is owning an asset by using debt that goes up in value and/or creates positive cash flow above the debt payment and expenses. All debt comes

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Current National Debt 2021

Debt, Economics, Inflation / Steve Burns

What is the current national debt? The current national debt in June 2021 for the United States is approximately $28.4 trillion U.S. dollars. This is more than $3.2 trillion from a year ago, when it was approximately $24.9 trillion U.S. dollars. This debt increases the amount of U.S. dollars in circulation and can cause inflation

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