New Trader U - Page 4 of 852 - Empowering Your Financial Journey

10 Books That Changed How the Rich Think About Money (According to Psychology)

Book Reviews, Books, Psychology, Wealth / Steve Burns

The way we think about money can significantly impact our financial success. Over the years, several influential books have shaped the mindset of wealthy individuals, offering valuable insights into the psychology of wealth creation and management. This article explores ten books that have revolutionized how the rich approach money based on psychological principles and real-world […]

10 Books That Changed How the Rich Think About Money (According to Psychology) Read More »

5 Life-Changing Money Rules Warren Buffett Followed Before He Got Rich

Personal Finance, Wealth / Steve Burns

Warren Buffett, often called the “Oracle of Omaha,” has amassed a fortune worth over $161 billion, making him one of the wealthiest individuals on the planet. Yet long before he became a household name, Buffett was already practicing fundamental money principles that would eventually form the bedrock of his extraordinary wealth. What’s most remarkable about

5 Life-Changing Money Rules Warren Buffett Followed Before He Got Rich Read More »

5 Ways Emotionally Intelligent People Embrace Frugal Living (Without Feeling Deprived)

Psychology / Holly Burns

Emotional intelligence (EQ) is the ability to understand and manage one’s emotions and recognize and influence the feelings of others. But did you know there’s a strong link between high emotional intelligence and successful frugal living? Emotionally intelligent individuals are able to approach money-saving with a unique mindset that allows them to spend less without

5 Ways Emotionally Intelligent People Embrace Frugal Living (Without Feeling Deprived) Read More »

The Billionaire’s Secret Library: 10 Books That Transform Your Money Psychology

Best books, Billionaires, Book Reviews, Books, Wealth / Steve Burns

In the world of wealth creation and financial success, mindset is everything. How you think about money, success, and opportunity can make or break your financial future. Billionaires often credit their achievements to the wisdom gleaned from a select group of books. These gems have the power to reshape your money psychology and set you

The Billionaire’s Secret Library: 10 Books That Transform Your Money Psychology Read More »

If You Really Want to Know How the Rich Get Richer, Study These 7 Financial Secrets

Wealth / Steve Burns

The wealth gap continues to widen between the financially successful and everyone else. This disparity isn’t accidental or purely luck-based. The financially successful follow specific wealth-building principles consistently, creating a path to prosperity that compounds over time. These aren’t mysterious “get-rich-quick” schemes but proven strategies implemented with patience and discipline. Understanding and applying these principles

If You Really Want to Know How the Rich Get Richer, Study These 7 Financial Secrets Read More »

10 Secret Wealth-Building Lessons from Warren Buffett That Few Follow

Warren Buffett, Wealth / Steve Burns

With a net worth exceeding $156 billion, Warren Buffett is one of history’s most successful investors. Since taking control of Berkshire Hathaway in 1965, Berkshire Hathaway’s overall stock return from 1965 through 2023 was 4,384,748%. S&P 500’s overall return: The S&P 500’s overall gain for the same period (1965-2023) was 31,223% Yet despite his openness

10 Secret Wealth-Building Lessons from Warren Buffett That Few Follow Read More »

The Hidden '1950s Money Rules' That Still Make People Rich Today

The 5 Hidden ‘1950s Money Rules’ That Still Make People Rich Today

Psychology / Holly Burns

Many of today’s wealthiest people still follow financial principles from the 1950s. While times have changed dramatically, certain old-fashioned ’50s money rules remain as powerful as ever when building enduring wealth. Let’s explore some of those hidden 1950s money lessons that continue to make people rich today. By adopting these timeless principles – even if

The 5 Hidden ‘1950s Money Rules’ That Still Make People Rich Today Read More »

The 7 Mental Models Rich Traders Understand (That Retail Traders Never Learn)

Mental Models, Trading / Steve Burns

The gap between professional and retail trading performance isn’t just about access to information or capital—it’s primarily about how traders think. While the average retail trader loses money consistently, professional traders at hedge funds and prop firms generate profits through different market cycles. This difference stems mainly from the mental models they use to interpret

The 7 Mental Models Rich Traders Understand (That Retail Traders Never Learn) Read More »

The Best 10 Books for Building Strong Money Rules

Book Reviews, Books, Personal Finance / Steve Burns

In today’s complex financial landscape, having a solid understanding of personal finance is crucial for achieving financial security and success. To help you navigate this terrain, I’ve compiled a list of the 10 best books that offer strong money rules and practical advice. These books provide valuable insights, strategies, and frameworks to help you build

The Best 10 Books for Building Strong Money Rules Read More »

Self-Made Millionaires Avoid These 10 Wealth-Destroying Decisions

If You Really Want to Be a Millionaire, You Must Avoid These 10 Wealth-Destroying Decisions

Wealth / Steve Burns

The path to millionaire status isn’t just about making money—it’s about making smart decisions with the money you have. While there’s no shortage of get-rich-quick schemes promising overnight success, true wealth-building is a methodical process requiring financial discipline and strategic choices. By identifying and avoiding the ten wealth-destroying decisions below, you’ll position yourself on the

If You Really Want to Be a Millionaire, You Must Avoid These 10 Wealth-Destroying Decisions Read More »