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.

Financial Discipline Is Everything

Why Financial Discipline Is Everything

Personal Finance /

Most financial mistakes are behavioral; no math can correct errors caused by a lack of self-discipline or greed. Financial discipline is the cornerstone of success in personal finance, business, entrepreneurship, and wealth building. It’s the art of managing, allocating, and growing resources over time through consistent, thoughtful practices. In today’s complex financial landscape, mastering this skill […]

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Wealth Without Wall Street- Building Riches Your Own Way

Wealth Without Wall Street: Building Riches Your Own Way

Wealth /

In today’s financial landscape, many individuals seek alternatives to traditional Wall Street investments to build wealth. This article explores innovative strategies that empower you to take control of your financial future and create wealth on your terms. By diversifying your approach and leveraging alternative methods, you can build a robust financial foundation that aligns with

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Surprising Signs You’re No Longer Middle Class

Surprising Signs You’re No Longer Middle Class

Economics /

In today’s rapidly changing economic landscape, the “middle class” concept is becoming increasingly fluid. Many Americans who once considered themselves firmly in this category may be surprised that their financial situations have shifted. This article explores some unexpected indicators that you might no longer be part of the middle class. It offers insights into the

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8 Traps That Rich People Avoid, but the Middle Class Does Not

8 Traps That Wealthy People Avoid, but the Middle Class Does Not

Wealth /

In personal finance, the path to wealth is often paved with intelligent decisions and careful planning. However, it’s equally important to recognize and avoid the financial pitfalls hindering our progress. Wealthy individuals have mastered navigating these treacherous waters, while many in the middle class find themselves caught in common financial traps. This article explores eight

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The Psychology of Spending- 10 Behaviors That Keep You Financially Poor

The Psychology of Spending: 10 Behaviors That Keep You Financially Poor

Personal Finance /

Personal money management isn’t just about numbers—it’s deeply rooted in psychology. Our spending habits often reflect our emotional states, upbringing, and subconscious beliefs about money. Understanding these psychological factors can be the key to unlocking financial success. In this article, we’ll explore ten common behaviors that can keep you financially poor and offer insights on

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The Net Worth You Need to Be Considered Wealthy in 2024

The Net Worth You Need to Be Considered Wealthy in 2024

Wealth /

What does it mean to be wealthy in today’s world? As we navigate the complex financial landscape of 2024, this question becomes increasingly nuanced. The definition of wealth varies dramatically depending on where you live, your perspective, and the metrics used to measure it. This article explores the net worth thresholds considered “wealthy” in 2024,

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10 Things the Middle Class Can't Afford Anymore

10 Things the Middle Class Can’t Afford Anymore

Economics /

In 2024, the middle class faces unprecedented financial challenges. High interest rates, skyrocketing living costs, and stagnant wage growth have created a perfect storm of economic pressure. This article explores ten items or experiences that have become increasingly unaffordable for middle-class families, highlighting the changing landscape of financial stability in America. 1. The Elusive Dream

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10 Habits Rich People Have That Poor People Should Adopt

10 Habits Rich People Have That Poor People Should Adopt

Wealth /

Wealth isn’t just about luck or inheritance. Often, it’s the result of cultivating specific habits and mindsets that lead to financial success. While adopting these habits won’t guarantee riches overnight, they can set you toward a better path to financial stability and prosperity. Let’s explore ten habits that wealthy individuals often practice, which anyone can

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The Psychology of Wealth- Mindsets That Keep You Poor or Make You Rich

The Psychology of Wealth: Mindsets That Keep You Poor or Make You Rich

Wealth /

Introduction to Wealth Psychology The journey to financial success is as much a mental game as a matter of numbers and strategies. Wealth psychology, the study of how our mindsets and beliefs influence our economic outcomes, is crucial in determining whether we struggle financially or thrive in abundance. At its core, wealth psychology revolves around

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