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.

How Much Will You Spend in Retirement-The Data May Shock You

How Much Will You Spend in Retirement? The Data May Shock You

Retirement /

Many look forward to retirement, but it also brings financial uncertainties. Understanding how much you’ll spend in retirement is crucial for effective planning. Recent data on retirement spending patterns reveals surprising trends that may challenge common assumptions. Let’s dive into the numbers and explore their meaning for your retirement strategy. Understanding Average Retirement Spending According […]

How Much Will You Spend in Retirement? The Data May Shock You Read More »

10 Everyday Items That Are Now Luxuries for the Middle Class

10 Everyday Items That Are Now Luxuries for the Middle Class

Economics /

In recent years, the economic landscape has shifted dramatically, reshaping the spending habits and lifestyle of the middle class. Items once considered everyday essentials have become luxuries, out of reach for many who previously took them for granted. This transformation reflects broader economic trends, including wage stagnation, inflation, and changing market dynamics. This article will

10 Everyday Items That Are Now Luxuries for the Middle Class Read More »

3 Reasons Why Being Jealous of Rich People Will Keep You Poor

3 Reasons Why Being Jealous of Rich People Will Keep You Poor

Wealth /

In a world where social media flaunts luxury lifestyles and financial success stories seem to dominate headlines, it’s easy to envy the wealthy. However, this seemingly harmless emotion can be an invisible anchor, weighing down your financial progress and personal growth. Let’s explore how shifting your perspective from jealousy to self-empowerment can unlock your potential

3 Reasons Why Being Jealous of Rich People Will Keep You Poor Read More »

How Entrepreneurs Can Prevent Burnout and Build Strong Mental Resilience

How Entrepreneurs Can Prevent Burnout and Build Strong Mental Resilience

Business /

Entrepreneurship is an exhilarating journey filled with challenges, triumphs, and constant demands. While pursuing success can be gratifying, it often comes at a cost. Many entrepreneurs are teetering on the edge of burnout, struggling to maintain their mental health and resilience in the face of relentless pressure. This article explores critical strategies for preventing burnout

How Entrepreneurs Can Prevent Burnout and Build Strong Mental Resilience Read More »

5 Things the Average Retiree Won’t Be Able to Afford in the Next 5 Years

5 Things the Average Retiree Won’t Be Able to Afford in the Next 5 Years

Retirement /

Retirement is often envisioned as a time of relaxation and enjoyment, free from the daily grind of work. However, the financial landscape for retirees is rapidly changing, presenting new challenges that many may find difficult to navigate. Several critical expenses are projected to become increasingly unaffordable for the average retiree in the next five years.

5 Things the Average Retiree Won’t Be Able to Afford in the Next 5 Years Read More »

7 of the Highest Paying Jobs That Don’t Require a College Degree

7 of the Highest Paying Jobs That Don’t Require a College Degree

career /

In today’s rapidly evolving job market, obtaining a four-year college degree is no longer the only route to a high-paying career. As industries adapt to new technologies and changing demands, numerous opportunities have emerged for individuals to secure lucrative positions without needing a bachelor’s degree. This article explores seven of the highest-paying jobs that don’t

7 of the Highest Paying Jobs That Don’t Require a College Degree Read More »

The Secrets of the Wealthy- Psychology and Habits of the Rich vs Middle Class

The Secrets of the Wealthy: Psychology and Habits of the Rich vs Middle Class

Wealth /

The gap between the wealthy and the middle class extends beyond just income levels. It encompasses distinct psychological traits, financial habits, and mindsets that contribute to the continuous accumulation of wealth among the rich. Understanding these differences can provide valuable insights for those aspiring to improve their financial situation. Let’s explore the key factors that

The Secrets of the Wealthy: Psychology and Habits of the Rich vs Middle Class Read More »

Why the US Debt Is Unsustainable and Is Destroying the Middle Class

Why the US Debt Is Unsustainable and Is Destroying the Middle Class

Economics /

The United States’ national debt has reached alarming levels, posing a significant threat to the country’s economic stability and the prosperity of its middle class. This article explores the diverse impact of unsustainable debt on America’s economic backbone – the middle class. The Alarming Growth of US National Debt As of July 2024, the US

Why the US Debt Is Unsustainable and Is Destroying the Middle Class Read More »