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 5 Most Powerful Wealth Habits that the Middle Class Needs to Adopt

The 5 Most Powerful Wealth Habits that the Middle Class Needs to Adopt

The difference between the middle class and the wealthy isn’t just income—it’s mindset and habits. While many middle-class families earn decent salaries, they often remain trapped in negative financial cycles that prevent wealth accumulation. The wealthy understand that building lasting wealth requires adopting specific behaviors and thinking patterns that compound over time. These five powerful […]

The 5 Most Powerful Wealth Habits that the Middle Class Needs to Adopt Read More »

The Top 5 Careers of Millionaires Based On Dave Ramsey's Study

The Top 5 Careers of Millionaires Based On Dave Ramsey’s Study

When most people envision millionaires, they picture high-powered executives, celebrity entrepreneurs, or Wall Street moguls driving luxury cars and living in mansions. However, Dave Ramsey’s groundbreaking National Study of Millionaires paints a dramatically different picture of wealth in America. This comprehensive research project, involving over 10,000 millionaire participants, represents the most extensive study ever conducted

The Top 5 Careers of Millionaires Based On Dave Ramsey’s Study Read More »

10 Books That Inspired Jeff Bezos to Build Amazon and Become a Billionaire

10 Books That Inspired Jeff Bezos to Build Amazon and Become a Billionaire

Jeff Bezos, the founder of Amazon and one of the world’s most successful entrepreneurs, has long been known as a voracious reader whose business philosophy was shaped by carefully selected books. The literature that influenced Bezos, from disruption theory to operational excellence, provided the intellectual framework for building Amazon into today’s global powerhouse. These ten

10 Books That Inspired Jeff Bezos to Build Amazon and Become a Billionaire Read More »

10 Rules for Avoiding Middle-Class Money Traps That Keep You Broke

10 Rules for Avoiding Middle-Class Money Traps That Keep You Broke

The middle class faces a unique financial paradox: earning enough to feel comfortable but not enough to feel secure. While paychecks arrive steadily, wealth remains frustratingly out of reach. The culprit isn’t income—subtle money traps drain resources and prevent financial growth. Understanding and avoiding these pitfalls can mean the difference between perpetual financial stress and

10 Rules for Avoiding Middle-Class Money Traps That Keep You Broke Read More »

5 Rich Mindsets: The Psychology Behind Wealth Creation

5 Rich Mindsets: The Psychology Behind Wealth Creation

The difference between those who accumulate wealth and those who struggle financially often lies not in their circumstances but their psychological approach to life. While external factors certainly play a role, research in psychology and behavioral economics reveals that specific mindsets consistently separate wealth builders from others. These mental frameworks shape how people perceive opportunities,

5 Rich Mindsets: The Psychology Behind Wealth Creation Read More »

I Read 200 Books on Money: Only These 5 Are Worth Reading

I Read 200 Books on Money: Only These 5 Are Worth Reading

After spending decades immersed in financial literature—and reading over 200 books on personal finance and money management—I’ve come to a surprising conclusion: most of them recycle the same concepts with different packaging. Only five books on this topic, out of this extensive reading journey, fundamentally transformed my relationship with money and changed my financial life.

I Read 200 Books on Money: Only These 5 Are Worth Reading Read More »

People Who Build Wealth Avoid These 5 Common Financial Pitfalls

People Who Build Wealth Avoid These 5 Common Financial Pitfalls

The path to building wealth isn’t always about making more money—it’s often about avoiding the mistakes that can derail your financial journey. According to the Federal Reserve’s Survey of Consumer Finances, the wealth gap in America continues to widen, with the top 10% of families holding nearly 70% of the wealth. What separates those who

People Who Build Wealth Avoid These 5 Common Financial Pitfalls Read More »

5 Status Symbols That the Middle Class Confuse for Financial Success

5 Status Symbols That the Middle Class Confuse for Financial Success

In a world where social media showcases the lifestyles of the rich and famous, many middle-class individuals find themselves chasing symbols of wealth rather than building actual financial security. The gap between appearing wealthy and being financially stable has never been wider. This distinction matters because pursuing status objects often comes at the expense of

5 Status Symbols That the Middle Class Confuse for Financial Success Read More »

5 Psychology Books to Make You Emotionally Stronger

5 Psychology Books that Can Make You Emotionally Stronger

In today’s fast-paced and often challenging world, developing emotional strength isn’t just helpful—it’s essential. Emotional strength enables us to cope with life’s inevitable challenges, bounce back from setbacks, and manage our feelings effectively rather than being overwhelmed by them. While building this inner resilience takes time and practice, evidence-based psychology books offer valuable insights and

5 Psychology Books that Can Make You Emotionally Stronger Read More »

People Who Build Wealth Focus on These 4 Long-Term Strategies

People Who Build Wealth Focus on These 4 Long-Term Strategies

Building significant wealth rarely happens by accident. Those who successfully grow their net worth over time tend to follow specific patterns of behavior that compound into substantial financial gains. While get-rich-quick schemes promise immediate results, actual wealth creation requires patience, discipline, and adherence to time-tested principles. Understanding these four strategies can put you on the

People Who Build Wealth Focus on These 4 Long-Term Strategies Read More »