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.

10 Ways People Who Build Wealth Think Differently About Money

10 Ways People Who Build Wealth Think Differently About Money (Rich Mindsets)

Wealth /

Building sustainable wealth requires more than intelligent investing or a high income—it demands a fundamental shift in how you think about money. Let’s explore the ten distinct mindsets that set wealthy individuals apart. 1. Money Is Their Servant, Not Their Ruler Successful wealth builders understand that money itself isn’t the goal – it’s what money […]

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Why Middle-Class People Stay Broke According to Warren Buffett

10 Reasons Middle-Class People Stay Broke According to Warren Buffett

Personal Finance, Warren Buffett /

According to a report by PYMNTS and LendingClub, a whopping 64.4% of Americans live paycheck to paycheck. While that’s challenging enough, many also have trouble paying their bills. While numerous factors contribute to financial struggles, legendary investor Warren Buffett has identified behaviors that keep middle-class individuals from building wealth. Through decades of observation and personal

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10 Simple Habits Rich People Have That Poor People Never Learn

10 Simple Habits Rich People Have That Poor People Never Learn

Wealth /

While financial success stems from various factors, including education and opportunities, certain habits consistently appear among wealthy individuals. When implemented thoughtfully, simple practices can positively impact anyone’s financial trajectory and personal development. Let’s explore ten simple habits rich people commonly have that poor people have trouble learning. 1. The Power of Clear Financial Vision: Goal-Setting

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5 Common Things Middle-Class People Shouldn't Buy Right Now Due to Inflation

5 Common Things Middle-Class People Shouldn’t Buy Right Now Due to Inflation

Economics /

In today’s economic climate, inflation continues to impact middle-class households across America. While some expenses are unavoidable, certain purchases deserve careful consideration before committing your hard-earned dollars. Let’s explore five significant purchases you might want to postpone or approach differently in the current economic environment due to the elevated prices over the past four years.

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People Who Build Wealth Never Waste Time On These 5 Things

People Who Build Wealth Never Waste Time On These 5 Things

Wealth /

How you spend your time directly impacts your ability to build wealth. The most successful wealth-builders have mastered eliminating time-wasting behaviors that hold others back. People who build wealth never waste time on these five things: Complaining or blaming others.  Engaging in unproductive activities, Holding onto grudges or negative emotions. Worrying about others’ opinions. Procrastination

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Why the Middle Class Stays Middle Class- 7 Hard Lessons

Why the Middle Class Stays Middle Class: 7 Hard Lessons

Personal Finance, Wealth /

In today’s economy, the middle class faces unique challenges that often create invisible barriers to building lasting wealth. Let’s explore seven critical lessons that explain why many hardworking people find themselves stuck in the financial middle ground despite their best efforts. 1. The Paycheck-to-Paycheck Trap: When Every Dollar is Spoken For Living paycheck to paycheck

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People Who Build Financial Freedom use These 5 Strategies for Passive Income

People Who Build Financial Freedom use These 5 Strategies for Passive Income

Passive Income, Wealth /

Financial freedom isn’t about working harder but making your money work smarter. The most successful wealth-builders have cracked the code on passive income, developing multiple revenue streams that generate money while they sleep. Here are five proven strategies that can help you build lasting financial independence. 1. Transform Your Knowledge into Digital Gold: The Digital

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The 5 Ways Rich People Build Wealth Versus the 5 Ways Poor People Waste Money

The 5 Ways Rich People Build Wealth Versus the 5 Ways Poor People Waste Money

Wealth /

What separates those who build lasting wealth from those who struggle financially? The answer lies not in luck or inheritance but in specific daily choices about how money flows through our lives. A 20-year study by the Williams Group, which examined 3,200 families, found that 70% of wealthy families lose their wealth by the second

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10 Reasons the Middle-Class Stay Broke and the Rich Get Richer

10 Reasons the Middle-Class Stays Broke and the Rich Get Richer

Economics, Personal Finance, Wealth /

Recent data from the Federal Reserve shows the wealth gap between America’s middle class and the top 1% has reached historic levels. The distribution of wealth is heavily skewed towards the wealthiest Americans. As of the second quarter of 2024: The top 10% of households by wealth had an average of $6.9 million and held

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