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.

If You Really Want to Discover the Rules of Building Wealth, Master These 5 Essential Skills

If You Really Want to Discover the Rules of Building Wealth, Master These 5 Essential Skills

Many share the goal of building wealth, but the path to financial success isn’t always straightforward. While there’s no one-size-fits-all approach to accumulating riches, specific fundamental skills can significantly improve one’s chances of building wealth. This article explores five essential skills that, when mastered, can help you unlock the secrets of building lasting wealth. Focusing […]

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Why Some People Will Never Become Wealthy Despite Hard Work

Why Some People Will Never Become Wealthy Despite Hard Work

Have you ever wondered why some people work tirelessly their entire lives yet never achieve financial success? This perplexing question challenges the common belief that hard work always leads to wealth. While dedication and effort are undoubtedly essential, they’re not the only factors at play. In this article, we’ll explore why some hardworking individuals struggle

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How Motivation Differs Between the Rich and Poor

How Motivation Differs Between the Rich and Poor

The path to financial success is paved with motivation, but the driving forces behind this motivation can vary significantly between those who have achieved wealth and those struggling with poverty. This article explores the most common critical differences in motivation between rich and poor individuals, shedding light on the mindsets and approaches that often distinguish

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People With Smart Financial Habits Avoid These Critical Mistakes

People With Smart Financial Habits Avoid These 6 Critical Mistakes

Developing smart money habits is crucial for long-term success and stability in today’s complex financial landscape. While many factors contribute to economic well-being, avoiding critical mistakes is equally important. This article explores six key areas where financially savvy individuals excel by avoiding common pitfalls. By understanding and implementing these strategies, you, too, can set yourself

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How to Build a Wealth Mindset, According to Psychology

How to Build a Wealth Mindset, According to Psychology

A wealth mindset is more than just thinking about money—it’s a psychological framework that shapes how you perceive and interact with financial opportunities. Developing this mindset is crucial for long-term economic success, as it influences your decisions, habits, and, ultimately, your ability to build and maintain wealth. In this article, we’ll explore ten vital psychological

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Signs You’re Moving Up in Social Class

14 Signs You’re Moving Up in Social Class

Social class mobility is a complex journey, filled with subtle shifts and significant milestones. As you climb the socioeconomic ladder, you may notice changes in your financial situation, lifestyle, mindset, and career. This article explores 14 key indicators that suggest you’re moving up in social class, offering insights into the multifaceted nature of this transition.

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If You Really Want to Develop the Mindset for Success in the Middle Class, Adopt These 7 Core Beliefs

If You Really Want to Develop the Mindset for Success in the Middle Class, Adopt These 7 Core Beliefs

In today’s dynamic economic landscape, achieving financial success and breaking free from the constraints of a middle-class mindset requires more than just hard work. It demands a fundamental shift in thinking about wealth, success, and our potential. Adopting the seven core beliefs below can transform your approach to personal finance and career growth, setting yourself

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10 Habits That Help You Save More Money, According to Psychology

10 Habits That Help You Save More Money, According to Psychology

In today’s fast-paced world, saving money can feel like an uphill battle. However, by understanding the psychology behind our financial behaviors, we can develop habits that make saving not just easier but also more rewarding. Let’s explore ten habits based on the principles of psychology that can transform your approach to saving money. 1. The

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