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.

The Most Powerful Wealth-Building Habits According To Research

The 13 Most Powerful Wealth-Building Habits According To Research

Wealth /

Building sustainable wealth isn’t about quick wins or secret formulas—it’s about consistent, research-backed habits practiced over time. Recent studies in economics, behavioral finance, and wealth accumulation reveal clear patterns among those who successfully build and maintain wealth. Analysis of thousands of millionaires shows that certain vital behaviors consistently predict financial success regardless of starting point […]

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People Who Think Like Warren Buffett Get Rich With These 7 Money Habits

People Who Think Like Warren Buffett Get Rich With These 7 Money Habits

Personal Finance, Wealth /

Few names carry as much weight in investing and wealth-building as Warren Buffett. The Oracle of Omaha’s time-tested strategies and straightforward wisdom have created not just wealth but a blueprint for financial success that anyone can follow. By understanding and applying seven of his most crucial money habits, you’ll think like Buffett and build wealth

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10 Things the Middle Class Should Never Buy Again

10 Things the Middle Class Should Never Buy Again

Economics, Personal Finance /

In 2024’s challenging economic landscape, smart spending decisions have become crucial for middle-class financial stability. Inflation rates, stagnant wages, and evolving consumer markets demand a fresh look at traditional purchasing habits. Many typical expenditures that once seemed reasonable now represent significant drains on household budgets. This article examines ten purchases that middle-class consumers should reconsider,

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If You Really Want To Build Wealth, Stop These 10 Daily Habits

If You Really Want To Build Wealth, Stop These 10 Daily Habits

Wealth /

Have you ever noticed how your bank account seems to shrink despite your best intentions? Small daily habits might be the silent wealth destroyers you never suspected. Building wealth isn’t just about making big financial decisions – it’s about the tiny choices you make daily. Let’s explore ten daily habits that could keep you from

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10 Money Rules the Upper Class Keeps From the Middle Class

10 Money Rules the Upper Class Keeps From the Middle Class

Wealth /

The most significant difference between the upper and middle classes isn’t just the amount of money they have—it’s how they think about and handle money. While the middle class focuses on saving and budgeting, the wealthy operate by different rules rarely discussed in mainstream financial advice. These hidden rules govern how the upper class builds

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7 Ways Rich People Use Money While Broke People Waste Money

7 Ways Rich People Use Money While Broke People Waste Money

Wealth /

Financial success isn’t just about how much money you make—it’s about how you use it. According to various studies, approximately 70% of lottery winners face financial difficulties within a few years, while self-made millionaires typically preserve and grow their wealth over time through disciplined financial habits and prudent investment strategies. This stark contrast highlights that

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8 Ways the Middle Class Can Become Rich, According to Warren Buffett

8 Ways the Middle Class Can Become Rich, According to Warren Buffett

Warren Buffett, Wealth /

Building wealth often seems like a privilege reserved for people who are already rich. Still, Warren Buffett, one of history’s most successful investors, started from middle-class roots and built his fortune through disciplined financial principles. His journey from selling gum door-to-door to becoming one of the world’s wealthiest individuals proves that strategic money management and

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People Who Build Long-Term Wealth Live By These 7 Principles

People Who Build Long-Term Wealth Live By These 7 Principles

Wealth /

The path to building lasting wealth isn’t a secret – it’s a science backed by decades of financial research and real-world success stories. A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. Here’s an in-depth look at the seven fundamental principles that set wealth builders apart from the crowd. 1. The Strategic Asset Allocation

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If You Really Want to Build Wealth, Follow These 10 Lessons From Warren Buffett

If You Really Want to Build Wealth, Follow These 10 Lessons From Warren Buffett

Warren Buffett, Wealth /

Warren Buffett’s path to becoming one of the world’s wealthiest individuals wasn’t paved with complex financial instruments or risky bets. Instead, his success stems from following simple, timeless principles that any investor can apply. Here are ten essential lessons from the Oracle of Omaha that can help guide your wealth-building journey. 1. Protect Your Capital

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