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.

5 Money Rules the Rich Follow That the Broke Can't Understand

5 Money Rules the Rich Follow That the Broke Can’t Understand

Wealth /

Wealth building isn’t just about making money—it’s about understanding and applying fundamental principles that distinguish those who build lasting wealth from those who struggle financially. These rules aren’t complex but require a dramatic shift in mindset and behavior. Let’s explore five critical rules that wealthy individuals follow consistently on their path to financial success. 1. […]

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If You Really Want to Build Wealth, Stop Making These 9 Excuses

If You Really Want to Build Wealth, Stop Making These 9 Excuses

Wealth /

Building wealth isn’t just for the privileged few – it’s accessible to anyone willing to overcome their mental barriers and take consistent action. While the path to financial success has its challenges, the most significant obstacles often exist in your mind. Let’s examine the most common excuses for preventing people from building wealth and discover

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5 Proven Ways to Escape the Financial Traps

5 Proven Ways to Escape the Financial Traps of the Middle Class

Personal Finance, Wealth /

Living paycheck to paycheck while watching others build wealth can feel frustrating. Yet, with strategic planning and deliberate action, you can break free from the typical financial constraints that hold many in the middle class back. Here are five proven strategies for building lasting wealth and some level of financial freedom. Each approach has been

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If You Really Want to be Wealthy Read These 10 Books

If You Really Want to be Wealthy Read These 10 Books

Book Reviews, Books, Wealth /

Knowledge is power in the pursuit of wealth. The right books can provide invaluable insights, strategies, and mindsets to help you achieve financial success. This article explores ten essential books that offer diverse perspectives on building wealth, from personal finance basics to advanced investing strategies. The principles in each of these ten books helped me

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From Broke to Financial Independence 7 Steps the Rich Actually Take

From Broke to Financial Independence: 7 Steps the Rich Actually Take

Financial Freedom, Financial Independence, Wealth /

Starting the journey to financial independence might seem daunting, especially with limited resources. Yet the path to building wealth follows consistent principles proven effective by those who’ve achieved significant financial success. Anyone can build a strong financial foundation by understanding and implementing the following seven key steps. Here are the specific seven steps I used

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5 Middle-Class Habits That Keep You From Reaching the Upper Class

5 Middle-Class Habits That Keep You From Reaching the Upper Class

Wealth /

Building wealth and advancing beyond middle-class status requires more than just hard work. It demands strategic thinking, deliberate action, and breaking free from limiting habits. Understanding and overcoming these barriers can significantly impact your journey toward advancement up the socioeconomic ladder. Let’s explore five critical behaviors that often hold people back from achieving outsized economic

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People Who Build Wealth Have These 5 Financial Intelligence Traits

People Who Build Wealth Have These 5 Financial Intelligence Traits

Wealth /

Building wealth is not just about making money; it’s about developing a set of financial intelligence traits that enable you to manage, grow, and protect your assets over time.Successful wealth builders share common characteristics that set them apart from those who struggle financially. By understanding and cultivating these traits, you can improve your financial outcomes

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Why Social Class Matters in Financial Success 7 Key Lessons

Why Social Class Matters in Financial Success: 7 Key Lessons

Economics, Personal Finance /

Social class, a complex societal construct that categorizes individuals based on economic and social factors, is pivotal in shaping financial success. This article delves into seven key lessons showing why social class matters in pursuing financial prosperity.Understanding these factors is crucial for individuals seeking to navigate the economic landscape and for society to address inequalities.

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5 Financial Traps the Broke Fall Into That the Rich Avoid

5 Financial Traps the Broke Fall Into That the Rich Avoid, According to Math

Personal Finance /

Financial success often hinges on understanding and leveraging mathematical principles that govern money growth and debt accumulation. Many people unknowingly fall into financial traps that the wealthy typically avoid. By recognizing these pitfalls and adopting better financial strategies, individuals can improve their financial health and work towards building wealth. Let’s explore five common financial traps

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