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 Bad Habits That Keep the Lower Middle Class Struggling

10 Bad Habits That Keep the Lower Middle Class Struggling

Financial stability often seems elusive for many in the lower middle class. Despite working hard and having steady incomes, numerous individuals are caught in a cycle of economic struggle. This article explores ten everyday habits frequently hindering financial progress and offers practical advice on overcoming them. 1. Living Beyond Your Means One of the most […]

10 Bad Habits That Keep the Lower Middle Class Struggling Read More »

People Who Follow These Rules of Wealth Become Richer

People Who Follow These 8 Rules of Wealth Become Richer

Building wealth isn’t about luck or innate talent—it’s about consistently following a set of proven principles over time. The following eight rules can guide you toward a more prosperous future, whether you’re just starting your financial journey or looking to accelerate your wealth accumulation. 1. Save and Invest Consistently The foundation of wealth-building lies in

People Who Follow These 8 Rules of Wealth Become Richer Read More »

How to Make Better Financial Decisions, According to Psychology

How to Make Better Financial Decisions, According to Psychology

Making sound financial decisions is crucial for achieving long-term financial stability and success. However, our minds often work against us regarding money matters. By understanding the psychology behind financial decision-making, we can develop strategies to make smarter choices with our money. This article explores critical psychological insights and practical techniques to improve economic decision-making. 1.

How to Make Better Financial Decisions, According to Psychology Read More »

7 Habits of Wealthy People, According to Psychology

7 Habits of Wealthy People, According to Psychology

Wealth isn’t just about luck or inheritance. Often, it results from specific habits and mindsets cultivated over time. Psychology has identified key behaviors common among wealthy individuals, offering insights that can be valuable for anyone aspiring to build wealth. Understanding and implementing these habits can potentially improve your financial mindset and outlook for wealth building.

7 Habits of Wealthy People, According to Psychology Read More »

The Financial Secrets of the Upper Class

The 8 Financial Secrets of the Upper Class

In a world where financial disparities continue to widen, understanding the strategies employed by the upper class can provide valuable insights for anyone looking to improve their economic situation. While some methods may require significant resources or specialized knowledge, many principles can be adapted to various financial situations. Let’s delve into the critical financial secrets

The 8 Financial Secrets of the Upper Class Read More »

People With a Minimalist Mindset Avoid These Financial Pitfalls

People With a Minimalist Mindset Avoid These 11 Financial Pitfalls

In a world of constant consumption and financial complexity, a minimalist mindset can be a powerful tool for achieving monetary stability and freedom. Minimalism isn’t just about decluttering your physical space; it’s a philosophy that can transform your relationship with money and help you avoid common financial pitfalls. Let’s explore how embracing minimalist principles can

People With a Minimalist Mindset Avoid These 11 Financial Pitfalls Read More »

People With High Intelligence Use These Simple Mental Strategies

People With High Intelligence Use These Simple Mental Strategies

Intelligence is not just about having a high IQ; it’s about how effectively we use our cognitive abilities. Intelligent people often employ specific mental strategies that enhance their thinking, problem-solving, and learning capabilities. In this article, we’ll explore these strategies and how you can incorporate them into your own life to boost your cognitive performance.

People With High Intelligence Use These Simple Mental Strategies Read More »

The Hidden Costs of Being Middle Class

The Hidden Costs of Being Middle Class

In today’s economy, being “middle class” often means walking a financial tightrope. While this demographic is typically associated with stability and comfort, numerous hidden costs can strain even the most carefully planned budgets. This article delves into the often-overlooked financial challenges middle-class individuals and families face, shedding light on the actual cost of maintaining a

The Hidden Costs of Being Middle Class Read More »

The Secrets of Happiness That Wealthy People Swear By

The Secrets of Happiness That Wealthy People Swear By

Have you ever wondered if money truly buys happiness? While financial comfort certainly has its perks, the wealthiest among us often attribute their joy to factors beyond their bank accounts. This article will explore eight key areas wealthy individuals frequently credit for their happiness. The best part? These principles aren’t exclusive to the rich –

The Secrets of Happiness That Wealthy People Swear By Read More »

5 Things to Stop Doing if You Want to Become Wealthy

5 Things to Stop Doing if You Want to Become Wealthy

Building wealth isn’t just about what you start doing—it’s also about what you stop doing. Many unknowingly sabotage their financial success through habits and mindsets holding them back. Identifying and eliminating these wealth-draining behaviors can pave the way for greater economic prosperity. In this article, we’ll explore five crucial things you must stop doing to

5 Things to Stop Doing if You Want to Become Wealthy Read More »