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 Be Wealthy, Practice These Habits for Financial Independence

If You Really Want to Be Wealthy, Practice These Habits for Financial Independence

Financial Freedom, Financial Independence /

Many aspire to financial independence, but few achieve it. The path to true wealth isn’t about getting rich quickly; it’s about developing sustainable habits and making wise financial decisions consistently over time. Financial freedom is about letting your cash-flowing assets, savings, or investments pay your bills and not relying on a paycheck. By incorporating the […]

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10 Financial Rules Rich People Follow and Poor People Ignore

10 Financial Rules Rich People Follow and Poor People Ignore

Wealth /

In the world of personal finance, there’s often a stark contrast between the habits of the wealthy and those struggling to make ends meet. While various factors contribute to financial success, certain principles consistently separate those who build and maintain wealth from those who don’t. This article explores ten crucial financial rules that wealthy people

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5 Signs You're On the Path to Wealth, According to Economics

5 Signs You’re On the Path to Wealth, According to Economics

Economics /

Wealth accumulation is not merely a product of luck or inheritance; it’s a systematic process rooted in sound economic principles. While personal finance advice often focuses on budgeting and saving, economics provides a broader framework for understanding how wealth is built over time. This article explores five key indicators that suggest you’re on the path

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10 Unusual Habits Rich People Have That Poor People Don't

10 Unusual Habits Rich People Have That Poor People Don’t

Wealth /

In wealth and success, there’s often more than meets the eye. While we may assume that the wealthy live lives of unbridled luxury, the reality is far more nuanced. Many wealthy individuals have cultivated unique habits that set them apart from the average person. These practices often contribute significantly to their success and continued prosperity.

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How People in the Middle Class Waste Money Too Late in Life

How People in the Middle Class Waste Money Too Late in Life

Personal Finance /

As people approach retirement, financial decisions become increasingly critical. Many middle-class individuals, despite years of careful saving, make costly mistakes that can jeopardize their economic security. This article explores common ways middle-class people waste money later in life and offers practical advice for avoiding these pitfalls. 1. The Empty Nest Money Pit: Holding Onto Oversized

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People Who Want Wealth Should Develop These 10 Habits

People Who Want Wealth Should Develop These 10 Habits

Wealth /

Building wealth is a journey that requires dedication, patience, and cultivating specific habits. While there’s no guaranteed path to riches, those consistently practicing certain behaviors are more likely to achieve financial success. This article explores ten crucial habits that can significantly boost your chances of accumulating wealth over time. 1. Master Financial Discipline Financial discipline

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7 Patterns Poor People Display Without Realizing It, That the Rich Don't

7 Patterns Poor People Display Without Realizing It, That the Rich Don’t

Personal Finance, Wealth /

Financial success often hinges on more than just income or circumstances. It’s deeply rooted in our behaviors, thought patterns, and habits. While poverty is a complex issue influenced by numerous societal and personal factors, specific patterns financially struggling individuals tend to display, often unknowingly, which can perpetuate their difficulties. In contrast, wealthy individuals avoid these

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5 Ways the Middle Class Can Become Happier, According to Psychology

5 Ways the Middle Class Can Become Happier, According to Psychology

Economics, Psychology /

In today’s fast-paced world, finding happiness can feel like an uphill battle, especially for the middle class, balancing work, family, and financial responsibilities. The good news is that psychological research offers evidence-based strategies to enhance well-being regardless of circumstances. This article explores five scientifically supported methods that can help you boost your happiness and lead

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7 Lessons Millionaires Learn Too Late In Life Warren Buffett's Wisdom 2

7 Lessons Millionaires Learn Too Late In Life: Warren Buffett’s Wisdom

Warren Buffett /

Warren Buffett, one of history’s most successful investors and businessmen, has shared invaluable life lessons throughout his career. His wisdom extends beyond financial strategies, offering insights that even millionaires often grasp too late. Let’s explore seven critical lessons from the Oracle of Omaha that can transform your approach to success and fulfillment. 1. The Importance

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