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.

8 Reasons Middle-Class People Never Become Wealthy

8 Reasons Most Middle-Class People Never Become Wealthy

The wealth gap between social classes has been a topic of intense discussion and concern for decades. While the middle class often represents the backbone of society, many individuals within this group struggle to accumulate significant wealth over their lifetimes. Understanding the barriers that prevent middle-class people from building substantial wealth is crucial for those […]

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If You Really Want To Be Rich, Warren Buffett Says Never Do These 10 Things

If You Really Want To Be Rich, Warren Buffett Says Never Do These 10 Things

Warren Buffett, one of the world’s most successful investors, has amassed a fortune through his keen understanding of the market and disciplined investment approach. His wisdom has guided countless investors to financial success. Buffett advises against the following ten practices if you aspire to build wealth. 1. Never Lose Money “Rule No. 1: Never lose

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If You Really Want To Become Wealthy, Change These 7 Things In Your Life

If You Really Want To Become Wealthy, Change These 7 Things In Your Life

Building sustainable wealth requires fundamental shifts in your approach to money and financial decisions. These seven transformations below will guide you from wishful thinking to strategic wealth building, creating lasting prosperity through deliberate action and mindset changes. Let’s dive into each one. 1. Change Your Money Mindset From Earning to Building Wealth Your relationship with

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5 Money Mistakes the Middle Class Makes Daily

5 Money Mistakes the Middle Class Makes Daily

In today’s fast-paced world, managing finances can be challenging, especially for the middle class. Many hardworking individuals find themselves struggling to make ends meet despite earning decent incomes. The root of this problem often lies in daily financial habits that, over time, can significantly impact your long-term financial health. Let’s explore five common money mistakes

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10 Things Warren Buffett Never Wastes Money On Even After He Was Rich

10 Things Warren Buffett Never Wasted Money On Even After He Was Rich

Warren Buffett, often referred to as the “Oracle of Omaha,” is known for his exceptional investment skills and remarkably frugal lifestyle. Despite being one of the wealthiest individuals in the world, Buffett’s spending habits reflect a commitment to simplicity and value. This article explores ten things Warren Buffett never wastes money on, illustrating how his

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If You Really Want To Build Wealth, Follow These 10 Rules

If You Really Want To Build Wealth, Follow These 10 Rules

Building substantial wealth isn’t a matter of luck – it requires strategy, discipline, and knowledge. Recent studies indicate that approximately 70% of millionaires accumulated wealth through systematic saving and investing rather than relying on inheritance or lottery winnings. This trend highlights the importance of disciplined financial habits in wealth creation. Many self-made millionaires emphasize the significance of saving

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10 Bad Habits Warren Buffett Says People Are Wasting Time And Money With

People Who Go from Middle Class to Rich Make These 10 Mindset Changes

The journey from middle class to wealthy status involves fundamental shifts in how we think about money, success, and personal development. The following ten mindset changes mark the difference between staying comfortable with a middle-class lifestyle and building wealth. Mindset Change #1: Stop Seeing Limits, Start Seeing Opportunities Where middle-class thinking focuses on constraints, the

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10 Bad Habits Warren Buffett Says People Are Wasting Time And Money With

10 Bad Habits Warren Buffett Says People Are Wasting Time And Money With

Warren Buffett, often called the “Oracle of Omaha,” has built his $148+ billion fortune through disciplined investing and careful money management. His straightforward advice on building wealth often focuses on what not to do—habits that silently drain time and money. Through decades of market cycles, Buffett’s wisdom has proven remarkably consistent and valuable for investors

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How to Use Self-Discipline to Move from Middle Class to Rich

7 Ways to Use Self-Discipline to Move from Middle Class to Rich

According to recent surveys and studies, approximately 50-52% of American adults identify as middle class, yet only a tiny percentage successfully transition to wealth. The key differentiator? Self-discipline. This article explores seven proven strategies that harness self-discipline to build lasting wealth. Let’s dive in. 1. How Self-Discipline in Goal Setting Paves Your Path to Wealth

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10 Habits That Prevent People from Becoming Rich, According to Warren Buffett

10 Habits That Prevent People from Becoming Rich, According to Warren Buffett

Warren Buffett, often called the “Oracle of Omaha,” built his fortune through intelligent investing and avoiding common financial pitfalls that plague many investors. With a net worth exceeding $148 billion and a track record spanning over six decades, Buffett’s wisdom offers invaluable insights into wealth building. His success stems from understanding what to do and

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