Author name: Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.

If You Really Want To Build Wealth, Follow These 10 Rules

If You Really Want To Build Wealth, Follow These 10 Rules

Building substantial wealth isn’t a matter of luck – it requires strategy, discipline, and knowledge. Recent studies indicate that approximately 70% of millionaires accumulated wealth through systematic saving and investing rather than relying on inheritance or lottery winnings. This trend highlights the importance of disciplined financial habits in wealth creation. Many self-made millionaires emphasize the significance of saving […]

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10 Bad Habits Warren Buffett Says People Are Wasting Time And Money With

People Who Go from Middle Class to Rich Make These 10 Mindset Changes

The journey from middle class to wealthy status involves fundamental shifts in how we think about money, success, and personal development. The following ten mindset changes mark the difference between staying comfortable with a middle-class lifestyle and building wealth. Mindset Change #1: Stop Seeing Limits, Start Seeing Opportunities Where middle-class thinking focuses on constraints, the

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10 Bad Habits Warren Buffett Says People Are Wasting Time And Money With

10 Bad Habits Warren Buffett Says People Are Wasting Time And Money With

Warren Buffett, often called the “Oracle of Omaha,” has built his $148+ billion fortune through disciplined investing and careful money management. His straightforward advice on building wealth often focuses on what not to do—habits that silently drain time and money. Through decades of market cycles, Buffett’s wisdom has proven remarkably consistent and valuable for investors

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How to Use Self-Discipline to Move from Middle Class to Rich

7 Ways to Use Self-Discipline to Move from Middle Class to Rich

According to recent surveys and studies, approximately 50-52% of American adults identify as middle class, yet only a tiny percentage successfully transition to wealth. The key differentiator? Self-discipline. This article explores seven proven strategies that harness self-discipline to build lasting wealth. Let’s dive in. 1. How Self-Discipline in Goal Setting Paves Your Path to Wealth

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10 Habits That Prevent People from Becoming Rich, According to Warren Buffett

10 Habits That Prevent People from Becoming Rich, According to Warren Buffett

Warren Buffett, often called the “Oracle of Omaha,” built his fortune through intelligent investing and avoiding common financial pitfalls that plague many investors. With a net worth exceeding $148 billion and a track record spanning over six decades, Buffett’s wisdom offers invaluable insights into wealth building. His success stems from understanding what to do and

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5 Financial Habits of the Wealthy That Lead to a Happier Life

5 Financial Habits of the Wealthy That Lead to a Happier Life

True wealth extends beyond bank account balances, encompassing financial security, personal fulfillment, and life satisfaction. Wealthy individuals often share everyday financial habits that build monetary success and contribute to happiness. This article explores five vital financial practices that create prosperity and contentment, drawn from extensive research and real-world examples of successful individuals. By understanding and

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7 Wealth-Building Rules Smart People Never Break

7 Wealth-Building Rules Smart People Never Break

Building lasting wealth isn’t about get-rich-quick schemes or lucky breaks—it’s about following time-tested principles with unwavering discipline. The most financially successful people understand that specific rules can’t be broken on the path to wealth creation. These seven non-negotiable rules form the foundation of sound financial management and long-term prosperity. Let’s explore why intelligent people who

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7 Things That Make the Middle Class Different From the Rich

7 Things That Make the Middle Class Different From the Rich

The gap between the middle class and the wealthy isn’t just about money in the bank—it’s about fundamental differences in how these groups think about and handle their finances, time, and opportunities. While middle-class families often focus on stability and traditional paths to success, wealthy individuals typically approach life and money from a different angle.

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10 Money Rules From Warren Buffett That People Learn Too Late In Life

Warren Buffett’s 5 Best Rules For Growing Rich From Nothing

Building lasting wealth isn’t about get-rich-quick schemes or complex financial instruments. Warren Buffett, one of the world’s most successful investors, has consistently advocated for simple yet powerful principles anyone can follow. His approach focuses on sustainable growth, intelligent decision-making, and the power of compounding. Based on Warren Buffett’s teachings, here are five of the best

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13 Psychological Factors That People Who Build Wealth Have

People Who Build Wealth Have these 13 Psychological Factors

The path to building wealth extends far beyond income levels or market opportunities. Research shows that psychological factors are crucial in determining who successfully accumulates wealth over time. Understanding these mental frameworks and behavioral patterns can help explain why some individuals consistently build wealth while others struggle, regardless of their income level. Let’s take a

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