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.

People Who Build Wealth Follow These 5 Powerful Laws of Money

People Who Build Wealth Follow These 5 Powerful Laws of Money

Building wealth isn’t about earning the highest salary or getting lucky with investments. The individuals who consistently accumulate significant wealth follow specific financial principles that create systematic advantages over time. These aren’t complex strategies reserved for financial experts—they’re disciplined habits anyone can develop and maintain throughout their wealth-building journey. 1. The Law of Strategic Leverage: […]

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5 Money Traps Middle-Class People Fall Into in Their 20s (That are Hard to Escape)

5 Money Traps Middle-Class People Fall Into in Their 20s (That are Hard to Escape)

Your twenties represent a unique financial crossroads where newfound independence meets limited experience with money management. Fresh out of college with student loans and entry-level salaries, many young adults navigate complex financial decisions without a roadmap. Transitioning from financial dependence to independence creates vulnerability to certain money traps that can derail financial progress for years.

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Warren Buffett’s 5 Frugal Spending Habits Everyone Should Copy

Warren Buffett’s 5 Frugal Spending Habits Everyone Should Copy

Warren Buffett, the legendary investor known as the “Oracle of Omaha,” has amassed a fortune exceeding $153 billion through decades of shrewd investing that started with disciplined financial habits. What makes Buffett truly remarkable isn’t just his investment acumen but his steadfast commitment to frugal living despite his enormous wealth. While most billionaires indulge in

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10 Money Skills You Were Never Taught But Need Before Turning 30

10 Middle-Class Money Skills You Were Never Taught But Need Before Turning 30

Too many college graduates know how to solve complex equations but have no idea how to balance a checkbook or invest for retirement. The education system fails to teach the financial skills that determine whether you’ll thrive or struggle in your twenties and beyond. Let’s examine the ten essential middle-class money skills that can transform

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People With Low Financial Intelligence Display These 10 Behaviors (Without Realizing It)

People With Low Financial Intelligence Display These 10 Behaviors (Without Realizing It)

Financial intelligence isn’t just about understanding complex investment strategies or having an economics degree. It’s about recognizing the everyday behaviors that build or undermine your financial well-being. Many unknowingly engage in habits that sabotage their financial future, often viewing these patterns as normal or inevitable. The challenge is that these behaviors frequently feel reasonable in

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5 Signs You’re Getting an A+ Grade in Wealth Building Right Now

5 Signs You’re Getting an A+ Grade in Wealth Building Right Now

Building wealth can feel like navigating in the dark sometimes. You’re making financial decisions, saving money, and investing when possible, but how do you know if you’re succeeding? The truth is that wealth building isn’t just about having money in the bank. It’s about developing the proper habits and behaviors that compound over time. These

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5 Steps For Middle-Class Savers To Grow a Million-Dollar Nest Egg by 50

5 Steps For Middle-Class Savers To Grow a Million-Dollar Nest Egg by 50

Building substantial wealth on a middle-class income isn’t just possible—it’s achievable with the right strategy and discipline. While reaching seven figures by age 50 requires commitment, these five proven steps can help ordinary earners create extraordinary financial outcomes through thoughtful planning and consistent execution. It all starts with having money left over to convert to

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People Who Never Move Forward Financially Display These 5 Horrible Money Habits

People Who Never Move Forward Financially Display These 5 Horrible Money Habits

Financial success feels like a distant dream for millions of Americans trapped in an endless cycle of financial quicksand. Despite earning decent incomes, many people discover that their bank accounts remain stubbornly stagnant, leaving them wondering where all their money disappears each month. The harsh reality is that countless individuals struggle with debt, lack emergency

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5 Simple Warren Buffett Wealth-Building Techniques You Can Learn Today

5 Simple Warren Buffett Wealth-Building Techniques You Can Learn Today

Warren Buffett’s investment philosophy has created one of history’s best wealth-building track records. Despite his $154 billion net worth, the Oracle of Omaha’s approach remains refreshingly simple and accessible to everyday investors. His techniques don’t require advanced financial degrees or insider knowledge—just discipline, patience, and the willingness to think differently about money. The beauty of

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If You Have Invested in These 5 Wealth-Building Assets, Your in the Financial Elite Tier

If You’re Invested in These 5 Wealth-Building Assets, You’re in the Financial Elite Tier

The gap between the wealthy and everyone else isn’t just about income—it’s about the consistent asset classes that drive actual wealth accumulation. While most investors stick to traditional savings accounts and basic retirement funds, the financial elite builds fortunes through five specific wealth-building assets requiring higher capital thresholds, greater risk tolerance, and deeper market understanding.

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