New Trader U - Page 241 of 662 - Empowering Your Financial Journey

The Most Powerful Way to Think (First Principles)

No one-size-fits-all solution for solving complex problems or making significant breakthroughs in any field exists. However, one decisive way to think can help us overcome the most challenging obstacles: First Principles thinking. First Principles thinking is a mental model that involves breaking down complex problems into their fundamental parts and rebuilding them from scratch based […]

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7 Tips For Improving Emotional Intelligence (EQ)

Psychology / Steve Burns

In today’s society, emotional intelligence has become an essential personal and professional skill. It enables individuals to effectively manage their own emotions and understand the feelings of others. Doing so allows them to communicate more effectively, build stronger relationships, and quickly navigate complex social situations. This article will explain emotional intelligence, why it’s essential, and

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What is the Cantillon Effect? Why It’s So Important in 2023

Economics / Steve Burns

This article examines the Cantillon Effect’s relevance in the current economic environment. The Cantillon Effect is a monetary phenomenon where the initial recipients of new money see a disproportionate benefit while the latter face a diminished effect. This article will provide an in-depth analysis of the Cantillon Effect and its implications for the global economy,

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Warren Buffett: 12 Things Poor People Waste Money On

Personal Finance / Steve Burns

Financial independence and financial education are crucial for achieving long-term financial success. One of the most successful investors of our time, Warren Buffett, has shared some insights on what poor people tend to waste their money on. In this article, we’ll explore these 12 things and how you can avoid them. Earnings Power – Invest in

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Current Bill Ackman Portfolio 2023

Investing / Steve Burns

What is Bill Ackman known for? Bill Ackman is a self-made billionaire through operating the Pershing Square Capital Management hedge fund that he founded in 2004. He became famous for his short position on bond insurer MBIA in 2008 and 2009 and his rescue of mall operator General Growth early in his career. He became

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Neuroscience: You will Never Lack Motivation Again

Psychology / Steve Burns

By learning to access pleasure from a task’s effort, you can improve your motivation and develop discipline for hard work. For many people, hard work can be a daunting task that is often avoided. However, when working towards a monetary, career goal, or social purpose, individuals may feel compelled to put in the necessary effort.

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Current Ray Dalio Portfolio 2023: Bridgewater Associates Holdings

Investing / Steve Burns

Ray Dalio is one of the most successful money managers in history in both lifetime returns and the size of his hedge fund. His rise to success began with the founding of Bridgewater Associates, a global investment firm he started in 1975. Ray Dalio started Bridgewater Associates from his two-bedroom apartment in New York City.

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30 Facts You Didn’t Know About The Wolf of Wall Street

Stock Market / Steve Burns

I’ve Been a Rich Man, and I’ve Been a Poor Man, and I Choose Rich Every Time The Wolf of Wall Street, directed by Martin Scorsese and starring Leonardo DiCaprio, is known for its wild and uncensored display of evil and greed. Based on the memoir of Jordan Belfort, the film tells the story of

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How Rare Is Your Myers-Briggs Personality Type?

Psychology / Steve Burns

The Myers-Briggs Type Indicator (MBTI) is a well-known and commonly used tool that helps to categorize individuals based on their unique psychological preferences. It is widely used in various organizations to get a better understanding of the personality types of their employees and to improve the performance of their teams. The main focus of this

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The Difference Between the Rich, Middle Class, and Poor

The Difference Between the Poor, the Middle Class, and the Wealthy

Personal Finance / Steve Burns

What is the Difference? The difference between the poor, the middle class, and the wealthy are vast, and it all comes down to the financial statements. The income statement and balance sheet show how much income and expenses someone has, as well as their assets and liabilities. For the poor, income is minimal, and expenses

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