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 Financial Habits of the Wealthy That Lead to a Happier Life

5 Financial Habits of the Wealthy That Lead to a Happier Life

True wealth extends beyond bank account balances, encompassing financial security, personal fulfillment, and life satisfaction. Wealthy individuals often share everyday financial habits that build monetary success and contribute to happiness. This article explores five vital financial practices that create prosperity and contentment, drawn from extensive research and real-world examples of successful individuals. By understanding and […]

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7 Wealth-Building Rules Smart People Never Break

7 Wealth-Building Rules Smart People Never Break

Building lasting wealth isn’t about get-rich-quick schemes or lucky breaks—it’s about following time-tested principles with unwavering discipline. The most financially successful people understand that specific rules can’t be broken on the path to wealth creation. These seven non-negotiable rules form the foundation of sound financial management and long-term prosperity. Let’s explore why intelligent people who

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7 Things That Make the Middle Class Different From the Rich

7 Things That Make the Middle Class Different From the Rich

The gap between the middle class and the wealthy isn’t just about money in the bank—it’s about fundamental differences in how these groups think about and handle their finances, time, and opportunities. While middle-class families often focus on stability and traditional paths to success, wealthy individuals typically approach life and money from a different angle.

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10 Money Rules From Warren Buffett That People Learn Too Late In Life

Warren Buffett’s 5 Best Rules For Growing Rich From Nothing

Building lasting wealth isn’t about get-rich-quick schemes or complex financial instruments. Warren Buffett, one of the world’s most successful investors, has consistently advocated for simple yet powerful principles anyone can follow. His approach focuses on sustainable growth, intelligent decision-making, and the power of compounding. Based on Warren Buffett’s teachings, here are five of the best

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13 Psychological Factors That People Who Build Wealth Have

People Who Build Wealth Have these 13 Psychological Factors

The path to building wealth extends far beyond income levels or market opportunities. Research shows that psychological factors are crucial in determining who successfully accumulates wealth over time. Understanding these mental frameworks and behavioral patterns can help explain why some individuals consistently build wealth while others struggle, regardless of their income level. Let’s take a

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The Middle-Class Money Trap 6 Ways to Break Free Now

The Middle-Class Money Trap: 6 Ways to Break Free Now

Across the US, millions of middle-class households face a financial paradox. Despite earning comfortable incomes that place them well above national averages, they are trapped in a cycle of financial stress. These individuals and families often appear successful on the surface—living in nice neighborhoods, driving reliable vehicles, and taking modest vacations. Yet beneath this veneer

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10 Money Rules From Warren Buffett That People Learn Too Late In Life

10 Money Rules From Warren Buffett That People Learn Too Late In Life

Warren Buffett’s timeless wisdom stands as a beacon of clarity in a world of constant financial noise. His principles have guided millions toward economic success, yet many discover these essential lessons too late. Here are ten crucial money rules that, if embraced early, can transform your financial future. 1. Make Your Money Work For You,

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Warren Buffett's 7 Golden Rules For Building Wealth According To Psychology

Warren Buffett’s 7 Golden Rules For Building Wealth According To Psychology

Warren Buffett, often called the “Oracle of Omaha,” is renowned for building substantial wealth through insightful investments and savvy business decisions. His most famous rules for investing and personal finance are rooted in fundamental psychological principles that influence how we think, behave, and make decisions. Understanding these psychological insights allows you to adopt more disciplined

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10 Lessons Rich People Teach That Broke People Never Learn

10 Lessons Rich People Teach That Broke People Never Learn

The fundamental difference between the wealthy and the financially struggling often lies not in their starting points but in their mindsets and approaches to money. Many times, self-made millionaires are happy to teach others the principles that made them wealthy if someone asks them. The following ten lessons encapsulate the critical wisdom that separates those

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