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.

If You Really Want to Retire as a Middle-Class Millionaire, Do These Five Things

If You Really Want to Retire as a Middle-Class Millionaire, Do These Five Things

Retirement, Wealth /

The path to becoming a millionaire isn’t reserved for the elite or those born into wealth. For many middle-class Americans, reaching millionaire status by retirement is achievable through consistent, strategic decisions that compound over time. Here are five proven strategies for building lasting wealth through innovative planning, disciplined execution, and a long-term mindset. 1. Choose […]

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10 Ways to Use Stoicism to Manage Your Trading Psychology

10 Ways to Use Stoicism to Manage Your Trading Psychology

Stoicism, Trading Psychology /

The volatility inherent in the markets can test even the most seasoned traders. Yet within the ancient wisdom of Stoic philosophy lie potent principles that can transform your approach to market psychology. By applying these timeless teachings to modern trading, you can develop stronger emotional regulation, more transparent decision-making, and a more sustainable approach to

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The 10 Psychological Traps That Secretly Keep You From Building Wealth

The 10 Psychological Traps That Secretly Keep You From Building Wealth

Wealth /

Most people dream of building wealth yet find themselves stuck in patterns that prevent financial growth. While external factors like market conditions and economic cycles play a role, internal psychological barriers often pose the most significant obstacles to financial success. Understanding and overcoming these mental blocks can make the difference between financial stagnation and prosperity.

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5 Things Middle-Class Americans Still Can’t Afford in 2025 Due to Inflation

5 Things Middle-Class Americans Still Can’t Afford in 2025 Due to Inflation

Economics, Inflation /

As they navigate the economic landscape of 2025, middle-class Americans continue to face significant financial challenges. Despite some economic improvements, inflation has left many struggling to afford essential aspects of life that were once considered attainable. This article explores five key areas where middle-class families feel the pinch, highlighting the ongoing impact of rising costs

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Money Signs You’re Stuck in Middle-Class Thinking (And How to Break Free)

7 Money Signs You’re Stuck in Middle-Class Thinking (And How to Break Free)

Personal Finance /

Financial freedom isn’t just about earning more money—it’s about transforming your relationship with money. Many people remain trapped in middle-class thinking patterns that limit their potential for building lasting wealth. These patterns often feel comfortable and normal, yet they create invisible barriers to financial growth. You can begin your journey toward greater financial success by

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15 Steps to Build Wealth When You’re Starting With Nothing

15 Steps to Build Wealth When You’re Starting With Nothing

Personal Finance, Wealth /

Building wealth from scratch might seem impossible, but it’s an achievable goal with the right approach and mindset. Whether starting your first job or rebuilding your finances, these practical steps will guide you toward financial success. Let’s explore how to transform your financial future, starting today. Here are the fifteen steps to wealth when you’re

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10 Powerful Books That Teach the Psychology of Success

10 Powerful Books That Teach the Psychology of Success

Book Reviews, Books, Psychology, Success /

Success is not just about hard work and luck; it’s deeply rooted in psychology. Understanding the mental aspects of achievement can significantly boost your chances of reaching your goals. This article explores ten influential books that delve into the psychology of success. They offer valuable insights and practical strategies to help you unlock your potential

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Top 10 Books That Dave Ramsey Wants You To Read

Top 10 Books That Dave Ramsey Recommends to the Middle Class

Book Reviews, Books, career, Personal Finance, Wealth /

Dave Ramsey, a renowned financial expert, has guided millions towards financial peace for decades. His approach to personal finance emphasizes debt elimination, smart saving, and wise investing. Ramsey often recommends books that align with his financial philosophy to complement his teachings. Here are the top 10 books Dave Ramsey recommends to help the middle class

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If You Really Want to Keep More of Your Money, Avoid These 7 Hidden Wealth Killers

If You Really Want to Keep More of Your Money, Avoid These 7 Hidden Wealth Killers in Your 20s and 30s

Personal Finance /

You’re earning good money in your 20s and 30s, yet somehow, wealth building feels like an uphill battle. Despite a solid income, you might wonder where all your money goes each month. The truth is that several hidden wealth killers could be secretly sabotaging your financial future. These wealth destroyers often go unnoticed until significant

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These Are The People Who Get Wiped Out First in a Recession

These Are The People Who Get Wiped Out First in a Recession

Economics /

Recessions are periods of economic decline characterized by falling GDP, rising unemployment, and decreased consumer spending. While they affect everyone somewhat, certain groups are particularly vulnerable to financial hardship during these downturns. Understanding who tends to be most at risk can help individuals and policymakers better prepare for and mitigate the impacts of economic contractions.

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