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.

12 Ways the Smartest People in the Middle Class Build Wealth in Hard Times

12 Ways the Smartest People in the Middle Class Build Wealth in Hard Times

Wealth /

Economic uncertainty often creates anxiety for middle-class families striving to build lasting wealth. Yet history shows that challenging times can present unique opportunities for those who approach wealth-building strategically. While many don’t try to adjust and profit during market downturns and recessions, the brightest middle-class wealth builders recognize these periods as chances to accelerate their […]

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5 Ways Rich People Think That Broke People Don't Understand

5 Ways Rich People Think That Broke People Don’t Understand

Wealth /

Wealth creation isn’t merely about making more money – it’s about fundamentally changing how you think about money, success, and opportunity. While many focus on specific investment strategies or business tactics, the difference between the wealthy and the financially struggling often lies in their mindset. Through years of studying successful individuals and analyzing wealth-building patterns,

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If You Really Want To Be Rich, Warren Buffett Says Learn These 7 Rules

If You Really Want To Be Rich, Warren Buffett Says Learn These 7 Rules

Warren Buffett, Wealth /

Warren Buffett, one of the most successful investors in history, has amassed a fortune of over $149 billion through his savvy investment strategies and business acumen. His approach to wealth creation is simple and profound, offering valuable lessons for anyone aspiring to financial success.Here are seven essential rules that Buffett swears by, each accompanied by

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5 Simple Paths To Wealth Most People Never Learn

5 Simple Paths To Wealth Most People Never Learn

Wealth /

Financial success often seems complex, but the path to wealth can be surprisingly straightforward. According to the Federal Reserve’s Survey of Consumer Finances, the top 10% of wealthy American households owned approximately 69% of total household wealth in 2023, with a median net worth of $2.6 million per household. These wealthy households typically didn’t build

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10 Middle-Class Beliefs That Keep You From Getting Rich (#7 Is a Big Problem)

10 Middle-Class Beliefs That Keep You From Getting Rich (#7 Is a Big Problem)

Wealth /

The path to building wealth often seems straightforward: study hard, get a good job, and save money. Yet millions of middle-class professionals follow this blueprint without achieving financial freedom or getting rich. The difference between staying middle class and building real wealth often comes down to understanding and breaking free from the following ten limiting

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How Rich People Work vs How Broke People Work (5 Differences)

How Rich People Work vs How Broke People Work (5 Differences)

career, Wealth /

The path to financial success often lies in what we do and how we approach our work. Research from Harvard Business School indicates that work habits and mindset significantly influence long-term financial success, with estimates suggesting they may account for a substantial portion of this success. Let’s explore five critical differences in how wealthy and

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7 Ways Rich People Maximize Time While Broke People Waste It

7 Ways Rich People Maximize Time While Broke People Waste It

Wealth /

Time is the great equalizer—we all get 24 hours each day, yet some people consistently transform these hours into productive wealth-building strategies while others struggle to get ahead. Examining the habits of financially successful individuals versus those facing monetary challenges reveals clear patterns in how they approach time management. This isn’t about natural time management

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If You Really Want To Be Like Warren Buffett, You Must Learn These 7 Life Habits

If You Really Want To Be Like Warren Buffett, You Must Learn These 7 Life Habits

Habits, Warren Buffett /

Warren Buffett, the “Oracle of Omaha,” is renowned for his investment skills and business success. However, his life habits are equally impressive and contribute significantly to his achievements. By adopting the seven essential life habits below, you can copy Buffett’s approach to life and potentially improve your success and satisfaction. If you really want to

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6 Ways Rich People Think Big While Broke People Think Small

6 Ways Rich People Think Big While Broke People Think Small

Psychology, Wealth /

In the realm of personal finance and success, the stark contrast between the mindsets of the wealthy and those struggling financially often comes down to one key factor: the ability to think big. This article explores six crucial ways rich people approach life and business with a broader perspective, while those with less financial success

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