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.

5 Wealth Habits That Separate the Rich from the Middle Class

5 Wealth Habits That Separate the Rich from the Middle Class

Business, Investing, Wealth /

The gap between the self-made wealthy and those stuck in the middle class isn’t primarily about starting income—it’s about daily habits and mindsets around money. The self-made rich have developed specific financial behaviors that compound over time, creating lasting prosperity. The good news? These habits aren’t reserved for those born into wealth. They’re patterns anyone […]

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5 Books That Give You 5 Road Maps to Success in Life

5 Books That Give You 5 Road Maps to Success in Life

Best books, Book Reviews, Books, Success /

Success means different things to different people, but certain books have stood the test of time by offering clear pathways to achievement. These five classics provide distinct roadmaps that can transform how you approach your goals, relationships, and personal growth. Each book presents a unique philosophy backed by years of research and real-world application. 1.

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Warren Buffett Refuses to Waste Money On These 5 Things

Warren Buffett Refuses to Waste Money On These 5 Things

Personal Finance, Warren Buffett /

Warren Buffett is one of the wealthiest individuals on the planet, yet his spending habits remain remarkably frugal. The Oracle of Omaha built his fortune early in life, not just through savvy investing, but by refusing to waste money on things that don’t add real value to his life. While many assume that accumulating wealth

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The 5 Formulas for Successful Investing According to Warren Buffett

The 5 Formulas for Successful Investing According to Warren Buffett

Investing, Value Investing, Warren Buffett /

Warren Buffett’s investment philosophy has created extraordinary wealth over six decades, transforming Berkshire Hathaway from a struggling textile company into one of the world’s most valuable corporations. His approach isn’t based on complex algorithms or market timing, but rather on fundamental principles that any investor can understand and apply. These five essential formulas form the

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5 Books That Give the Middle Class the 5 Principles of Financial Freedom

5 Books That Give the Middle Class the 5 Principles of Financial Freedom

Financial Freedom, Financial Independence, Personal Finance /

Between stagnant wages and mounting debt, financial freedom feels increasingly distant for middle-class families. Yet certain books have distilled timeless principles that everyday people can apply to break the paycheck-to-paycheck cycle. These five transformative books each offer a distinct principle that, combined, create a comprehensive roadmap to financial independence. 1. Rich Dad Poor Dad: Master

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People Who Build Real Wealth Don’t Waste Time on These 5 Assets

People Who Build Real Wealth Don’t Waste Time on These 5 Assets

Investing, Wealth /

Building genuine wealth requires strategic thinking about where to invest resources and what to avoid. While paths to financial success vary, those who successfully accumulate wealth share a common trait: they recognize and sidestep assets that drain their net worth rather than build it. Understanding which investments to avoid can be just as crucial as

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The Top 5 Wealth Destroyers in the World

The Top 5 Wealth Destroyers in the World

Economics, Wealth /

Building wealth takes years of discipline, smart decisions, and often a bit of luck. Yet that wealth can vanish far more quickly than it was created. Throughout history, specific economic forces have consistently proven themselves capable of destroying the accumulated prosperity of individuals, families, and entire nations. Understanding these wealth destroyers is essential for anyone

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5 Books That Give You the 5 Mindsets of the Rich

5 Books That Give You the 5 Mindsets of the Rich

Business, Psychology, Wealth /

The difference between those who build lasting wealth and those who struggle financially often comes down to mindset rather than income. How you think about money matters far more than how much you make. These five transformative books each reveal a distinct mindset that sets the financially successful apart from others, offering practical wisdom that

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5 Signs a Person is Broke, Even If They Seem Upper Middle-Class

5 Signs a Person is Broke, Even If They Seem Upper Middle-Class

Economics, Wealth /

The carefully curated image of success can be deceiving. In neighborhoods across America, people who appear to have it all together are secretly struggling with financial stress. They drive luxury cars, live in decent neighborhoods, and maintain the outward appearance of prosperity. Yet, behind closed doors, they’re juggling bills and making increasingly complex choices about

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5 Books That Give You the 5 Disciplines of Successful Peak Performers

5 Books That Give You the 5 Disciplines of Successful Peak Performers

Best books, Book Reviews, Books, Success /

What separates extraordinary achievers from those who struggle to reach their potential? The answer isn’t talent, luck, or working harder—it’s mastering specific disciplines that transform how you think, practice, and execute. These aren’t abstract concepts but learnable skills that anyone can develop. The following five books each illuminate one essential discipline that forms the foundation

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The 5 Costly Habits Destroying Middle-Class Wealth-Building

The 5 Costly Habits Destroying Middle-Class Wealth-Building

Personal Finance, Wealth /

Building wealth as a middle-class earner has never been more challenging. While income inequality and economic headwinds play their role, many families unknowingly sabotage their financial futures through everyday habits that seem harmless in isolation. These patterns quietly drain financial resources that could otherwise compound into significant wealth over time. Understanding these wealth destroyers is

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Dave Ramsey's 5 Financial Life Lessons People Learn Too Late In Life

Dave Ramsey’s 5 Financial Life Lessons People Learn Too Late In Life

Personal Finance, Wealth /

Financial regret is one of the heaviest burdens people carry as they age. The realization that simple principles, applied consistently over time, could have changed everything often arrives decades too late. Dave Ramsey, the personal finance expert who has helped millions escape debt and build wealth, teaches lessons that seem obvious in hindsight but remain

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The 5 Most Powerful Wealth-Building Strategies

The 5 Most Powerful Wealth-Building Strategies

Business, Investing, Real Estate, Stock Market, Wealth /

Building substantial wealth isn’t about luck—it’s about implementing proven strategies that compound over time. While there are numerous approaches to growing wealth, these five have consistently proven to be the most effective. Each has its own risk profile, time commitment, and return potential, and they aren’t mutually exclusive. Many successful wealth builders combine multiple strategies

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5 Career Success Lessons Middle-Class Men Learn Too Late In Life

5 Career Success Lessons Middle-Class Men Learn Too Late In Life

career, Job, Success /

There’s a painful moment that arrives for many men somewhere in their mid-40s. They look around at colleagues who started in similar positions and wonder how their career gap widened so dramatically. The difference rarely comes down to intelligence or effort—it’s about timing. Specifically, which lessons were learned early versus which came too late to

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5 Books with 5 Lessons to Master Your Money

5 Books with 5 Lessons to Master Your Money

Best books, Book Reviews, Books, Personal Finance, Wealth /

Financial literacy isn’t taught in most schools, leaving many people to figure out money management on their own. Fortunately, some of the best financial education comes from books written by experts who have spent decades studying wealth-building. These five classics offer practical wisdom that can transform your approach to and management of money. Each book

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People Who Build Real Wealth Don’t Waste Time on These 5 Middle-Class Habits

People Who Build Real Wealth Don’t Waste Time on These 5 Middle-Class Habits

Personal Finance, Wealth /

The gap between the middle class trapped in the coporate rat race and the self-made wealthy isn’t just about income—it’s about mindset. While middle-class earners often work hard and earn a decent income, they unknowingly trap themselves in patterns that keep real wealth building just out of reach. Understanding these distinctions can be the difference

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5 Books That Give You the 5 Paths to Financial Success

5 Books That Give You the 5 Paths to Financial Success

Best books, Book Reviews, Books, Finance, Personal Finance, Wealth /

Financial success isn’t achieved through a single formula. Different people find prosperity through various approaches, and what works for one person might not resonate with another. Some thrive on aggressive debt elimination, while others prefer steady wealth accumulation through frugal living. Some find freedom through mindful spending, while others succeed by automating their finances. The

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Warren Buffett: 5 Things Poor People Waste Money On That Keeps Them Broke

Warren Buffett: 5 Things Poor People Waste Money On That Keeps Them Broke

Economics, Personal Finance /

Warren Buffett didn’t become one of the world’s wealthiest investors by chasing luxury. He built his fortune through disciplined habits, delayed gratification, and understanding compounding gains. The difference between wealth and poverty often isn’t about income but what you do with what you have. Buffett’s lifestyle reflects his philosophy. He lives in the same modest

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5 Odd Trading Behaviors That Point to an Extremely High IQ For Traders

5 Odd Trading Behaviors That Point to an Extremely High IQ For Traders

Intelligence, Trading /

Intelligence in trading doesn’t always look the way you’d expect. The most astute traders often exhibit behaviors that seem counterintuitive, even bizarre, to the average market participant. While conventional wisdom celebrates confidence and constant action, genuinely high-IQ traders operate in a different manner. They’ve learned that success in markets requires a different kind of thinking—one

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The Most Powerful Wealth-Building Engine Ever Created

The Most Powerful Wealth-Building Engine Ever Created

Stock Market, Wealth /

Throughout human history, people have sought the secret to creating lasting wealth. From gold and land to businesses and bonds, countless vehicles have promised financial security and prosperity. Yet one stands above all others in its proven ability to transform ordinary savers into millionaires: the stock market. Specifically, broad-based equity ownership held over long periods

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