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.

Why Some Become Rich and Poor, According to Psychology

Why Some People Become Rich or Poor, According to Psychology

Wealth /

The dynamics of wealth accumulation and poverty have long fascinated psychologists, economists, and sociologists alike. While external factors such as economic conditions, social structures, and access to resources undoubtedly play significant roles, psychological principles offer valuable insights into why some individuals become rich while others remain poor. This article delves into the complex interplay of […]

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People Who Build Discipline and Wealth Follow These 10 Habits

People Who Build Discipline and Wealth Follow These 10 Habits

Wealth /

In today’s fast-paced world, the twin pursuits of discipline and wealth often go hand in hand. Those who master both tend to lead more fulfilling and successful lives. But how do they do it? The answer lies in cultivating habits that foster both personal growth and financial prosperity. Let’s explore the ten essential habits successful

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The Life Lessons Rich and Poor People Learn Differently

The Life Lessons Rich and Poor People Learn Differently

Wealth /

Life is a great teacher, but its lessons can vary dramatically depending on one’s economic circumstances. The financial landscape we navigate shapes our experiences, challenges, and opportunities, ultimately influencing the wisdom we gain. This article explores the distinct life lessons rich and poor individuals often learn, highlighting how economic situations can mold perspectives, habits, and

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10 Lessons People in the Middle Class Need to Learn in 2024

10 Lessons People in the Middle Class Need to Learn in 2024

Economics /

As we navigate the complex economic landscape of 2024, the middle class faces unique challenges brought on by rapid technological advancements and shifting economic paradigms. To thrive in this environment, adapting and developing new skills is crucial. This article explores ten essential lessons that can help middle-class individuals and families survive and flourish in the

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If You Really Want to Understand the Psychology of Success, Focus on Developing These Key Traits

If You Really Want to Understand the Psychology of Success, Focus on Developing These 6 Key Traits

Success /

Success is not merely a product of luck or circumstance. It’s deeply rooted in psychology, with specific traits consistently emerging among those who achieve their goals and reach the pinnacle of their fields. Understanding and cultivating these key psychological traits can significantly enhance your chances of success in any endeavor. Let’s delve into the six

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How the Middle Class Can Achieve Financial Independence

How the Middle Class Can Achieve Financial Independence

Financial Freedom, Financial Independence /

Many in the middle class aspire to financial independence, but it often seems out of reach. However, this dream can be achieved with careful planning, discipline, and the right strategies. This article will walk you through 15 steps to help your journey to financial freedom. 1. Define Your Financial Independence Goals Financial independence means different

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People Who Follow These 10 Simple Rules Build Strong Financial Habits

People Who Follow These 10 Simple Rules Build Strong Financial Habits

Personal Finance /

Building strong money habits is crucial for long-term success and security in today’s complex financial landscape. While the path to economic stability may seem challenging, it often comes down to consistently following simple yet powerful rules. This article explores ten principles that financially savvy individuals adhere to, helping them build wealth, reduce stress, and achieve

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