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.

Warren Buffett's 7 Simple Rules for Avoiding Debt and Building Wealth

Warren Buffett’s 7 Simple Rules for Avoiding Debt and Building Wealth

Warren Buffett’s path to becoming one of the world’s wealthiest individuals wasn’t paved with complex financial instruments or risky gambles. Instead, his success stems from following simple, timeless principles that anyone can apply. The seven rules below work in tandem to help avoid debt while building lasting wealth. By implementing these strategies, you can create […]

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10 Bad Habits That Make Middle-Class People Unable to Save Money

10 Bad Habits That Make Middle-Class People Unable to Save Money

In today’s economic landscape, many middle-class individuals struggle to save money despite earning a decent income. This financial predicament often stems from ingrained habits that silently erode their ability to build wealth over time. By identifying and addressing these counterproductive behaviors, middle-class earners can take control of their financial future and achieve greater financial security.

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How to Apply Warren Buffett's Stoic Principles to Personal Finance

8 Ways to Apply Warren Buffett’s Stoic Principles to Personal Finance

Warren Buffett’s investment philosophy and success align remarkably with ancient Stoic principles, offering a robust framework for personal finance. By combining Buffett’s practical wisdom with Stoic teachings, we can develop a more thoughtful, disciplined approach to managing our money. This guide explores how these complementary philosophies can enhance your financial decision-making and help you build

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The Psychology of Wealth What the Rich Understand That the Broke Don't

The Psychology of Wealth: What the Rich Understand That the Broke Don’t

The divide between wealth and being broke often extends beyond financial circumstances into psychology. Understanding the mental models and behavioral patterns that guide financial decision-making reveals profound differences between how wealthy individuals and those struggling financially approach money matters. Keep reading for a deep dive into the psychology of wealth and what the rich understand

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5 Signs You're Moving from Middle Class to Upper Class

5 Signs You’re Moving from Middle Class to Upper Class

The transition from middle to upper class isn’t just about a bigger paycheck – it’s about fundamental shifts in how you earn, think about, and manage money. These changes often happen gradually, but there are sure signs indicating you’re moving up the socioeconomic financial ladder. Let’s explore the five key indicators that suggest you’re making

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10 Lessons Men Learn Too Late in Life to Become Wealthy

10 Lessons Men Learn Too Late in Life to Become Wealthy

The path to wealth often comes with hard-learned lessons. For many men, these insights arrive after crucial years have passed. Understanding and applying these principles early can dramatically alter your financial trajectory. Wealth-building lessons are best learned early and used throughout your life. Keep reading for ten vital lessons that can transform your journey to wealth.

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5 Ways to Stay Financially Independent in the Middle Class

5 Ways to Stay Financially Independent in the Middle Class

Financial independence represents a milestone many middle-class individuals strive to achieve. The path requires strategic planning, disciplined execution, and intelligent financial decisions. According to the Pew Research Center, a middle-class household in the United States typically earns between $52,000 and $156,000 annually, based on the definition of being within two-thirds to double the national median

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10 Books Wealthy People Read That Broke People Never Open

10 Books Wealthy People Read That Broke People Never Open

One often overlooked factor in the pursuit of success and wealth is the reading habits of those who have already achieved financial prosperity. The books that wealthy individuals gravitate towards often contain valuable insights, strategies, and mindsets that can contribute to personal and professional growth. This article explores ten books frequently read by the wealthy

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5 Things Middle-Class Americans Won't Be Able to Afford in the Next Five Years

5 Things Middle-Class Americans Won’t Be Able to Afford in the Next Five Years

In recent years, middle-class Americans have faced mounting financial pressures as living costs continue to rise. With inflation, supply chain disruptions, and other economic factors at play, many families are finding it increasingly difficult to maintain their standard of living.Over the next five years, several essential aspects of life are expected to become even less

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