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 Stoic Secrets to Trading Success- Stoicism

10 Stoic Secrets to Trading Success: Stoicism

Maintaining a steady mindset can be the difference between success and failure in the volatile world of trading. Stoicism, an ancient Greek philosophy, offers timeless principles that can be applied to modern-day trading. By incorporating these Stoic secrets into your trading practice, you can develop resilience, improve decision-making, and achieve long-term market success. Let’s look […]

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The Hidden Path to Wealth- What Schools Don't Teach

The Hidden Path to Wealth: What Schools Don’t Teach

In today’s fast-paced financial world, many find themselves ill-equipped to navigate the complexities of personal finance and wealth building. Traditional education systems often fail to prepare students for real-world financial challenges, leaving a significant gap in financial literacy. This article explores critical wealth-building aspects frequently overlooked in school curricula, providing insights into the hidden paths

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5 Luxuries the Lower Middle Class Can’t Afford Anymore Due to Inflation

5 Luxuries the Lower Middle Class Can’t Afford Anymore Due to Inflation

In 2024, the economic landscape has shifted dramatically for many Americans, particularly those in the lower middle class. Inflation has eroded purchasing power, turning what was once considered modest luxuries into unattainable dreams for many families. This article explores five key areas where the impact of inflation has been most keenly felt, changing lifestyles and

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The Two Most Destructive Attitudes

The Two Most Destructive Attitudes, According to Psychology

Certain attitudes can profoundly impact our lives, relationships, and overall well-being in the area of human behavior and psychology. Two stand out as particularly harmful: arrogance and resentment. These destructive mindsets can erode our connections with others, hinder personal growth, and lead to a cascade of adverse outcomes. In this article, we’ll delve into the

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How the Housing Crisis Could Be the End of America's Middle Class

How the Housing Crisis Could Be the End of America’s Middle Class

The American Dream has long been synonymous with homeownership, a cornerstone of middle-class stability and wealth-building. However, the ongoing housing crisis threatens to undermine this fundamental aspect of American life, potentially reshaping the very fabric of our society. As housing costs soar and affordability plummet, the middle class becomes increasingly squeezed. It faces a future

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The Frugal Path to Wealth: How to Save Your Way to Being Wealthy

The Frugal Path to Wealth: How to Save Your Way to Being Wealthy

Building wealth through frugality might seem old-fashioned in a world of instant gratification and conspicuous consumption. However, adopting a frugal lifestyle and intelligent saving strategies can be one of the most effective paths to wealth and financial freedom. This article will guide you through the essential steps to save your way to wealth, combining practical

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Wealth Psychology: Why Some People Always Get Richer

Wealth Psychology: Why Some People Always Get Richer

Some individuals seem to have an uncanny ability to accumulate wealth consistently. What sets these people apart isn’t just their financial skills or market savvy—it’s their mastery of wealth psychology. This fascinating field explores the intricate relationship between our minds and money, shedding light on why some people always get richer while others struggle to

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TThe One Investment the Rich Make That the Middle Class and Poor Often Miss

One Investment the Rich Make That the Middle Class and Poor Often Don’t

In personal finance and wealth-building, there’s a subtle yet significant difference in how the rich approach their purchases compared to the poor and middle class. This difference isn’t about flashy cars or luxurious vacations but rather a fundamental mindset shift in everyday buying decisions. The one investment the rich make that the middle class and

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The Uncomfortable Facts About IQ

The Uncomfortable Facts About IQ

Intelligence Quotient (IQ) has long been a fascination and controversy among researchers, educators, and the public. While IQ tests aim to measure cognitive abilities, their implications extend beyond simple numbers. This article explores IQ’s challenging and often controversial aspects, shedding light on its impact, limitations, and ongoing debates surrounding this complex subject. The Impact of

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8 Things the Middle Class Thinks Are Assets but Are Not

8 Things the Middle Class Thinks Are Assets but Are Not

Understanding the difference between assets and liabilities is crucial for building wealth and achieving financial freedom. An asset puts money in your pocket, generating income or appreciating in value over time. However, many middle-class individuals and families mistakenly categorize some possessions as assets that drain their finances. This misconception can lead to financial stress and

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