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.

How Income Affects the Rich and Poor

10 Surprising Ways Income Makes the Rich Richer and the Poor Poorer

Wealth /

Income inequality is a pervasive issue in modern society, with far-reaching consequences extending beyond simple purchasing power disparities. This article explores 20 surprising ways income levels contribute to a widening wealth gap, perpetuating a cycle that makes the rich richer and the poor poorer. By understanding these mechanisms, we can gain insight into the complex […]

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8 Rules People with Financial Success Follow Consistently

8 Rules People with Financial Success Follow Consistently

Personal Finance /

In the world of personal finance, success often seems elusive. While basic principles like budgeting and saving are well-known, successful individuals follow more advanced, sometimes counterintuitive rules. These strategies go beyond conventional wisdom, offering a fresh perspective on managing and growing wealth. Let’s explore eight unconventional rules that financially successful people consistently apply to their

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If You Really Want to Avoid the Pitfalls of Poor Financial Choices, Start by Making These Key Changes

If You Really Want to Avoid the Pitfalls of Poor Financial Choices, Start by Making These Key Changes

Personal Finance /

Financial stability is a cornerstone of a secure and fulfilling life, yet many people find themselves trapped in cycles of poor financial decisions. The good news is that implementing a few fundamental changes can significantly improve your financial health and avoid common pitfalls. This article will guide you through six crucial steps to take control

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Gen X's Net Worth-How to Know if You're Poor, Middle-Class, Upper Middle-Class or Rich

Gen X’s Net Worth: How to Know if You’re Poor, Middle-Class, Upper Middle-Class or Rich

net worth /

1. Understanding Gen X’s Financial Landscape Generation X, born between 1965 and 1980, occupies a unique position in the current economic landscape. As the “sandwich generation,” Gen Xers often support aging parents and young children, creating a complex financial balancing act. This dual responsibility significantly impacts their ability to build and maintain wealth. Net worth

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From Broke to Wealthy 10 Steps Anyone Can Follow

People Who Want to go from Broke to Wealthy Need to Follow These 10 Steps

Wealth /

The journey from financial struggle to prosperity is challenging but achievable with the right mindset, strategies, and actions. This comprehensive guide outlines ten crucial steps to transform your financial situation from broke to wealthy. By following these steps consistently and with dedication, you’ll be well on your way to building lasting wealth and economic security.

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The Top 5 Passive Income Ideas According to Robert Kiyosaki

The Top 5 Passive Income Ideas According to Robert Kiyosaki

Wealth /

Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad” and financial educator, has long advocated for creating multiple passive income streams as a path to financial freedom. His strategies focus on building wealth through smart investments and business acumen. In this article, we’ll explore Kiyosaki’s top five passive income ideas, offering insights into how you

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The Financial Mindset of the Middle Class Explained

How to Escape the Financial Mindset of the Middle Class

Personal Finance /

Breaking free from the middle class’s financial mindset is a crucial step toward building lasting wealth and achieving true financial independence. This transformation requires more than just earning a higher income; it demands a fundamental shift in how you think about money, success, and your financial future. In this article, we’ll explore the key strategies

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10 Ways the Mindset of the Rich and Poor Differ

10 Ways the Mindset of the Rich and Poor are Different, According to Psychology

Wealth /

The path to financial success is often paved with more than just hard work and opportunity. Psychology plays a crucial role in shaping our economic destinies. This article explores ten vital psychological differences between the mindsets of the rich and the poor, offering insights into how our thought patterns can influence our financial outcomes. 1.

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