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.

10 Books That Change Middle-Class Thinking and Build Millionaire Mindsets

10 Books That Change Middle-Class Thinking and Build Millionaire Mindsets

Book Reviews, Books, Millionaire, Wealth /

Reading books can profoundly reshape our perspectives, especially regarding wealth and financial independence. The following ten books have been instrumental in transforming middle-class mindsets and guiding readers toward millionaire status. Each offers unique insights and strategies to help individuals reframe their approach to money, success, and personal growth. Here are the ten books that change […]

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12 Skills You Need to Master Wealth Creation

12 Skills You Need to Master Wealth Creation

Wealth /

Building sustainable wealth requires mastering specific skills that go beyond basic money management. This article explores the essential skills you must develop for effective wealth creation. Here are the twelve skills you need to master wealth creation: 1. How to Calculate Compound Interest and Investment Returns Understanding compound interest fundamentally changes how you view money

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The 7-Step Guide to Making Your First $100K Through Investing

The 7-Step Guide to Making Your First $100K Through Investing

Investing, Wealth /

Building wealth through investing might seem like an overwhelming challenge, especially when aiming for a significant milestone like $100,000. However, breaking down the journey into manageable steps makes this goal achievable for disciplined investors. This guide outlines seven proven strategies for navigating the path to your first $100K, focusing on practical actions you can implement

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Saving vs. Investing: The One That Actually Builds Wealth Faster

Saving vs. Investing: The One That Actually Builds Wealth Faster

Wealth /

Financial success often hinges on the choices we make with our money today. While saving and investing are essential tools in your financial toolkit, understanding each strategy’s distinct advantages and optimal uses can dramatically impact your long-term wealth. Many people default to saving because it feels safe and familiar, but this cautious approach might limit

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10 Passive Income Ideas That Help Middle-Class Americans Escape the 9-5

10 Passive Income Ideas That Help Middle-Class Americans Escape the 9-5

Passive Income, Wealth /

The dream of breaking free from the traditional 9-5 grind resonates with many middle-class Americans seeking financial independence. The allure of passive income—money earned with minimal ongoing effort—has grown stronger as digital opportunities expand. While passive income requires initial effort or investment, these strategies can create sustainable revenue streams with proper planning and execution. Let’s

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10 Books Self-Made Millionaires Read That the Average Person Ignores

10 Books Self-Made Millionaires Read That the Average Person Ignores

Wealth /

In the journey to financial success, knowledge is power. Self-made millionaires often attribute their achievements to the wisdom they’ve gained from books. While many of these texts are available to everyone, they’re frequently overlooked by the average reader. Let’s explore ten influential books that have shaped the mindsets and strategies of self-made millionaires. Some inspired

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5 Things the Wealthy Buy That Actually Make Them Richer

5 Things the Wealthy Buy That Actually Make Them Richer

Wealth /

Building sustainable wealth isn’t just about saving money—it’s about making strategic investments that generate ongoing returns. While many focus on cutting expenses, truly wealthy individuals understand that certain purchases can accelerate their path to greater prosperity. These investments often require significant upfront capital, but their potential for long-term wealth creation makes them invaluable tools in

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If You Really Want to Escape the Middle Class, You Must Break These 7 Money Habits

If You Really Want to Escape the Middle Class, You Must Break These 7 Money Habits

Personal Finance /

Building wealth and escaping the middle class requires more than earning a good income. It demands breaking deeply ingrained financial habits that keep many stuck in their current financial situation. By understanding and actively working to change these seven critical money habits, you can create a foundation for lasting financial success and generational wealth. These

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5 Reasons the Rich Get Richer While the Middle Class Stay Hopelessly Stuck

5 Reasons the Rich Get Richer While the Middle Class Stay Hopelessly Stuck

Wealth /

In 2025, the wealth gap between the rich and the middle class will continue to widen, raising concerns by many about economic inequality and social mobility. This article explores five key factors contributing to this growing disparity, shedding light on why the wealthy accumulate wealth faster while the middle class struggles to keep pace. Here

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