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.

5 Things Rich People Invest In That Poor People Can't Afford

5 Things Rich People Invest In That Poor People Can’t Afford

Investing, Wealth /

The wealth gap between rich and poor investors extends far beyond simple dollar amounts – it reaches into the very nature of available investment opportunities. While most people focus on stocks and mutual funds, high-net-worth individuals have access to an entirely different tier of investments. Here’s an in-depth look at five exclusive investment categories that […]

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7 Bad Habits That Keep the Middle Class from Achieving Financial Independence

7 Bad Habits That Keep the Middle Class from Achieving Financial Independence

Financial Independence /

According to a recent Federal Reserve survey, approximately 37% of Americans don’t have enough savings to cover a $400 emergency expense, meaning roughly 63% could cover it with cash or its equivalent. This startling statistic reveals a broader pattern among middle-class households struggling to achieve financial independence. While external factors like stagnant wages and rising costs

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7 Ways Rich People Move Forward in Life That the Poor Never Do

7 Ways Rich People Move Forward in Life That the Poor Never Do

Wealth /

The path to financial success often seems mysterious, but wealthy individuals frequently share common behaviors and mindsets that drive their progress. Understanding and adapting these strategies can help anyone build a stronger financial future, regardless of their starting point. 1. Why the Rich Put Their Money in Assets, Not Liabilities Wealthy individuals understand the fundamental

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7 Tips From Warren Buffett on Building Wealth

7 Tips from Warren Buffett on Building Wealth

Wealth /

Warren Buffett’s path to becoming one of the world’s most successful investors wasn’t paved with complex formulas or insider secrets. Instead, his wealth-building strategy centers on straightforward principles that anyone can apply. Known as the “Oracle of Omaha,” Buffett has consistently demonstrated that successful investing is less about technical expertise and more about discipline, patience,

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10 Ways Rich People Save Money That Poor People Never Learn

10 Ways Rich People Save Money That Poor People Never Learn

Personal Finance /

The divide between wealth and poverty often comes from understanding and implementing key financial strategies. While these methods aren’t secret, they’re rarely taught in schools or passed down in families that haven’t accumulated wealth. Let’s explore wealthy individuals’ ten critical money-saving approaches to maintain and grow their fortunes. 1. Master the Art of Negotiation According

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How to Afford the Upper-Class Lifestyle in the Next 5 Years

How to Afford the Upper-Class Lifestyle in the Next 5 Years

Wealth /

Transforming your financial status to achieve an upper-class lifestyle isn’t just about earning more – it’s about making strategic moves that compound your wealth and influence over time. This article outlines the practical steps needed to elevate one’s financial standing to a higher socioeconomic level within the next five years. Whether you’re a high-performing professional,

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10 Signs You're Becoming Wealthier Every Day

10 Signs You’re Becoming Wealthier Every Day

Wealth /

Building wealth isn’t just about watching numbers climb in your bank account—it’s a comprehensive transformation that encompasses your financial habits, mindset, and daily decisions. Whether you’re just starting your wealth-building journey or well along the path, specific indicators reveal that you’re moving in the right direction. These signs might not be evident initially, but they

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How to Change Your Life and Move Beyond the Middle Class

How to Change Your Life and Move Beyond the Middle Class

Wealth /

Breaking free from the middle class isn’t just about earning more money—it’s about transforming your entire approach to wealth creation and personal growth. In today’s dynamic economy, the traditional path of working a steady job and saving diligently may no longer be enough to achieve true financial independence. This article offers proven strategies to help

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10 Poor Habits That Keep You From Being Rich

10 Poor Habits That Keep You From Being Rich

Personal Finance /

Building wealth isn’t just about making money—it’s about developing smart financial habits and avoiding common pitfalls that can derail your path to financial success. Let’s explore ten habits that might keep you from reaching your full financial potential and practical solutions to overcome them. 1. Living Beyond Your Means: The Mathematics of Negative Savings The

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