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 Books Millionaires Read That Broke People Never Open (Wealth-Building Books)

10 Books Millionaires Read That Broke People Never Open (Wealth-Building Books)

The path to financial success often begins with the right mindset and knowledge. Millionaires understand this, so they consistently invest in their personal growth through reading. The wealth-building books in this article offer invaluable insights, strategies, and mindset shifts that can transform your financial future. The list below is based on interviews and surveys with […]

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5 Things the Middle Class Must Stop Buying In 2025

5 Things the Middle Class Must Stop Buying In 2025

As we approach 2025, the economic environment continues to evolve, presenting new challenges for the middle class. With rising inflation, persistent high interest rates, and increasing living costs, it’s crucial to reassess spending habits and make informed financial decisions. This article explores five key areas where middle-class consumers may need to curb their spending in

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5 Things Poor People Waste Money on Due to a Lack of Financial Education

Warren Buffett: 5 Things Poor People Waste Money on Due to a Lack of Financial Education

Warren Buffett, the “Oracle of Omaha,” is renowned for his financial wisdom and frugal lifestyle. Despite his immense wealth, Buffett’s approach to personal money management offers valuable lessons for people across all income levels. This article explores five common financial pitfalls that, according to Buffett’s teachings, poor people often fall into due to a lack

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People Who Actually Build Wealth Don't Waste Time on These 7 Activities

People Who Actually Build Wealth Don’t Waste Time on These 7 Activities

Building genuine wealth isn’t about luck or inheriting a fortune – it’s about cultivating habits that create space in your financial life for growth and prosperity. While many focus on what successful wealth builders do, the activities they consciously avoid are equally important. These choices free up valuable time and mental energy for wealth-building pursuits.

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10 Books That Help Middle-Class Readers Level Up to the Next Income Bracket

10 Books That Help Middle-Class Readers Level Up to the Next Income Bracket

In today’s competitive job market, advancing your career and increasing your income often requires more than just hard work. It demands strategic thinking, personal growth, and the proper knowledge. The appropriate guidance can make all the difference for middle-class individuals aspiring to climb the economic ladder. This article explores ten influential books offering valuable insights,

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Why Broke People Waste Money on These 7 Things the Rich Avoid

Why Broke People Waste Money on These 7 Things the Rich Avoid

In pursuing financial stability and wealth, it’s crucial to understand the habits that propel you forward or hold you back. The small, everyday decisions often make the most significant difference in your financial health. This article explores seven common financial pitfalls that frequently trap those struggling with money, while the wealthy tend to steer clear

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10 Books That Change Your Money Psychology

10 Books That Change Your Money Psychology

In the realm of personal finance, knowledge is power. However, true financial transformation often begins with a shift in mindset. The following ten books have the potential to revolutionize your relationship with money, offering unique perspectives and practical strategies that go beyond mere financial advice. These works delve into the psychology of wealth, challenging conventional

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5 Ways to Spot the Wealth Mindset of the Rich vs. the Broke Mindset

5 Ways to Spot the Wealth Mindset of the Rich vs. the Broke Mindset

Our mindset shapes our financial destiny far more than we might realize. How we think about money, opportunity, and growth can either propel us toward wealth or keep us trapped in a cycle of financial struggle. Let’s explore the key differences between wealth-building and scarcity mindsets and how understanding these distinctions can transform your financial

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5 Financial Rules The Middle Class Must Learn From Warren Buffett

5 Financial Rules The Middle Class Must Learn From Warren Buffett

Warren Buffett is one of the world’s most successful investors and CEOs, with a net worth exceeding $142.5 billion at the end of 2024. Surprisingly, the foundation of his wealth started with simple financial strategies when he was young. His approach to personal finance relies on simple, timeless principles that anyone can follow. While most

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10 Rules the Rich Follow That the Broke Don't Understand 2

10 Rules the Rich Follow That the Broke Don’t Understand

Have you ever wondered why some people build wealth effortlessly while others struggle to make ends meet? The difference often lies not in starting capital or luck but in understanding and following specific principles that govern wealth creation. These rules aren’t taught in schools, yet they form the foundation of financial success for many wealthy

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