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 that Rich Traders Read that New Traders Rarely Open

10 Books that Rich Traders Read that New Traders Rarely Open

In the world of trading and investing, knowledge is power. While many novice traders focus on the latest hot tips or trendy strategies, seasoned professionals often turn to timeless wisdom found in classic trading books. In this article, I’ve listed the top ten most common trading books recommended by rich traders like the late William […]

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People Who are Middle Class Should Adopt These 7 Wealth-Building Tips

People Who are Middle Class Should Adopt These 7 Wealth-Building Tips

Building wealth isn’t reserved for the rich. Middle-class individuals have unique opportunities to create lasting financial security through strategic planning and consistent action. While the path to wealth may require patience, the following seven proven strategies can help you transform your financial future. 1. Make the Market Work for You The stock market remains one

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If You Really Want to Understand Why Warren Buffett Is so Rich, Read These 10 Books About Him

If You Really Want to Understand Why Warren Buffett Is so Rich, Read These 10 Books About Him

Warren Buffett, often called the “Oracle of Omaha,” is among the world’s wealthiest individuals and most successful investors. His journey to amassing a fortune estimated at over $114 billion is a testament to his unique investment philosophy and business acumen. Buffett’s approach to wealth creation is not based on get-rich-quick schemes but on sound principles,

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People Who Aspire to Wealth Must Follow These 5 Rules of Discipline

People Who Aspire to Wealth Must Follow These 5 Rules of Discipline

Actual wealth creation isn’t about luck or inheritance—it’s about unwavering discipline and consistent action. The path to financial success requires more than just earning money; it demands a structured approach and specific rules of conduct that separate the self-made wealthy from those who merely aspire to wealth. Understanding and implementing these rules creates the foundation

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People Who are Middle Class Tend to Waste Money on These 5 Things

People Who Are Middle Class Tend to Waste Money on These 5 Things

In today’s fast-paced consumer culture, it’s easy for middle-class individuals and families to fall into spending traps that can significantly impact their financial well-being. While the middle class often has enough income to cover basic needs and some wants, certain spending habits can prevent them from building wealth and achieving long-term financial stability. This article

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7 Financial Rules the Rich Follow That the Broke Ignore

7 Financial Rules the Rich Follow That the Broke Ignore

The path to building wealth isn’t a secret—it’s a set of proven principles that wealthy individuals consistently follow. While these rules might seem simple, they require discipline and long-term commitment. Let’s explore these seven crucial financial rules that separate self-made millionaires from those struggling financially. Here are the seven financial rules the rich follow to

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5 Strategies for Breaking Free From Middle-Class Financial Struggles

5 Strategies for Breaking Free From Middle-Class Financial Struggles

Living paycheck to paycheck despite earning a decent income has become an all-too-familiar reality for many middle-class families. The constant juggling between monthly bills, unexpected expenses, and trying to save for the future can feel overwhelming. While there’s no magical solution to financial freedom, implementing strategic changes can help you break free from financial constraints

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People Who Create Wealth in Their Sleep Have These 5 Passive Income Sources

People Who Create Wealth in Their Sleep Have These 5 Passive Income Sources

Building wealth doesn’t always require trading time for money. Successful wealth builders often harness the power of passive income – revenue streams that continue flowing with minimal daily effort. While establishing these income sources typically demands initial time, energy, and sometimes capital, they can provide consistent returns long after the foundational work is complete. Let’s

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People Who Are Truly Wealthy Value These 5 Things Most

People Who Are Truly Wealthy Value These 5 Things Most

True wealth extends far beyond financial success. While net worth achievements certainly play a role, individuals with genuine wealth often share a common understanding of what matters most. Their perspectives on values and success frequently challenge conventional wisdom, offering insights into what creates a prosperous life. In exploring the priorities of wealthy individuals, we discover

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