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 Mental Habits to Break the Poverty Mindset and Start Building Wealth, According to Psychology

5 Mental Habits to Break the Poverty Mindset and Start Building Wealth, According to Psychology

Psychology, Wealth /

The difference between those who build wealth and those who struggle financially often lies not in circumstances but in mental patterns. Research in behavioral economics and cognitive psychology reveals that specific thought processes either accelerate or sabotage financial success. Breaking free from limiting mental habits isn’t just motivational advice—it’s a scientifically-backed approach to rewiring the […]

5 Mental Habits to Break the Poverty Mindset and Start Building Wealth, According to Psychology Read More »

The Secret To Warren Buffett’s Longevity According to Science

The Secret To Warren Buffett’s Longevity According to Science

Warren Buffett /

Warren Buffett presents a fascinating medical puzzle at 95 years old and is still actively leading Berkshire Hathaway as its chairman. His daily diet includes five 12-ounce Coca-Colas, McDonald’s breakfasts, and frequent Dairy Queen sundaes—habits that fly in the face of conventional health wisdom. Yet the Oracle of Omaha remains sharp, energetic, and remarkably healthy.

The Secret To Warren Buffett’s Longevity According to Science Read More »

5 Imported Goods that Middle-Class Americans Won’t Be Able to Afford in 2025 Due to Inflation

5 Imported Goods that Middle-Class Americans Won’t Be Able to Afford in 2025 Due to Inflation

Economics, Personal Finance /

The economic landscape of 2025 presents an unprecedented challenge for middle-class American families as new tariff policies combine with persistent inflation to create significant price pressures on imported goods. While these items haven’t completely disappeared from store shelves, trade policies and global economic factors push many everyday products beyond typical household budgets. The Perfect Storm:

5 Imported Goods that Middle-Class Americans Won’t Be Able to Afford in 2025 Due to Inflation Read More »

The First 5 Steps To Becoming Wealthy

The First 5 Steps To Becoming Wealthy

career, Investing, Personal Finance, Wealth /

Building first-generation wealth isn’t about luck or inheritance—it’s about following proven strategies that compound over time. While the path to financial freedom requires patience and discipline, anyone can achieve it by mastering five fundamental steps that have helped countless individuals transform their economic lives. The journey to wealth is a systematic process, not a destination

The First 5 Steps To Becoming Wealthy Read More »

10 Habits Of All Successful People According to Warren Buffett

The 10 Habits Of All Successful People According to Warren Buffett

Success, Warren Buffett /

Warren Buffett’s journey from a young investor in Omaha to becoming one of the world’s wealthiest individuals offers invaluable lessons about the habits that drive long-term success. Through decades of annual shareholder letters, interviews, and public appearances, the “Oracle of Omaha” has consistently shared the principles that shaped his extraordinary career. These aren’t just investment

The 10 Habits Of All Successful People According to Warren Buffett Read More »

5 Affordable Things The Middle Class Can Buy To Be Happier, According To Psychology

5 Affordable Things The Middle Class Can Buy To Be Happier, According To Psychology

Personal Finance, Psychology /

Psychology suggests happiness stems from experiences, relationships, and meaningful purchases rather than extravagant spending. Focusing on affordable purchases that align with positive psychological principles for the middle class can boost well-being without breaking the bank. Research shows that strategic spending on the following types of items fosters connection, growth, and well-being and delivers more satisfaction

5 Affordable Things The Middle Class Can Buy To Be Happier, According To Psychology Read More »

People Who Build Real Wealth Don’t Waste Time on These 10 Status Games

People Who Build Real Wealth Don’t Waste Time on These 10 Status Games

Personal Finance, Success, Wealth /

Actual wealth builders operate by different rules than those seeking to appear wealthy. While many focus on projecting success through expensive purchases and social positioning, individuals who accumulate lasting wealth understand that substance always trumps appearance. The most financially successful people avoid the following ten standard status games that drain resources without building genuine wealth.

People Who Build Real Wealth Don’t Waste Time on These 10 Status Games Read More »

Dave Ramsey's Mutual Fund Portfolio Advice for Middle-Class Investors

Dave Ramsey’s Mutual Fund Portfolio Advice for Middle-Class Investors

Investing, Stock Market /

1. Dave Ramsey’s Four-Fund Portfolio Strategy Dave Ramsey’s investment philosophy centers on keeping investing simple and accessible for middle-class families building long-term wealth. His four-category mutual fund approach removes the complexity that often paralyzes everyday investors, providing a straightforward framework for professional money management. This strategy, promoted through his financial education programs, targets working families

Dave Ramsey’s Mutual Fund Portfolio Advice for Middle-Class Investors Read More »

10 Books Rich People Read To Get Richer That Poor People Never Opened

10 Books Rich People Read To Get Richer That Poor People Never Opened

Best books, Book Reviews, Books, Wealth /

Wealth creation isn’t just about making money—it’s about understanding sophisticated systems, market psychology, and long-term strategic thinking. Certain books offer advanced financial and business insights that require deeper analytical thinking. They focus on sustainable wealth-building strategies rather than quick fixes. These texts demand intellectual engagement and often challenge conventional wisdom about money, investing, and business

10 Books Rich People Read To Get Richer That Poor People Never Opened Read More »