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 Surprising Ways Introverts Are Better at Building Wealth Than Extroverts

5 Surprising Ways Introverts Are Better at Building Wealth Than Extroverts

In a world that often celebrates the bold and outgoing, a surprising truth emerges from financial research: introverts, who comprise 33% to 50% of the American population, possess distinct advantages when building wealth. While extroverts may dominate boardroom presentations and networking events, recent studies published in Psychological Science reveal that poor extroverts spend more money […]

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Dave Ramsey's Middle-Class Millionaire Formula

Dave Ramsey’s Middle-Class Millionaire Formula

1. The Foundation: Why Middle-Class Millionaires Are Made, Not Born Dave Ramsey’s wealth-building philosophy centers on a fundamental truth: millionaires are created through behavior, not circumstances. Most wealthy Americans didn’t inherit their money or earn exceptionally high incomes. Instead, they followed systematic principles that transformed ordinary earnings into extraordinary wealth. This reality challenges the belief

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5 Essential Things the Middle Class Will Struggle to Afford If Tariffs Go Into Effect

5 Essential Things the Middle Class Will Struggle to Afford If Tariffs Go Into Effect

When tariffs are imposed on imported goods, the costs are typically passed directly to consumers, creating a ripple effect that particularly impacts middle-class households. These families, already navigating rising living costs, face the prospect of essential items becoming increasingly unaffordable as import taxes drive up prices across multiple categories. Let’s look at five essential things

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5 Habits of Unsuccessful People: A Wealth Mindset vs. A Poor Mindset

5 Habits of Unsuccessful People: A Wealth Mindset vs. A Poor Mindset

Picture two people facing the same setback at work. One immediately starts explaining the unfair situation, how their boss has it out for them, and how they never get the breaks others receive. The other person asks themselves what they could have done differently, what skills they need to develop, and how they can prevent

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10 Middle-Class Money Milestones That Prove You're Crushing It

10 Middle-Class Money Milestones That Prove You’re Crushing It

Financial success isn’t always visible from the outside. While your neighbors might drive flashier cars or post expensive vacation photos, true financial success lies in the milestones behind the scenes that are not visible. The following ten achievements represent genuine financial progress that puts you ahead of most Americans and demonstrates you’re building lasting wealth

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People Who Follow Dave Ramsey’s Advice Avoid These 10 Financial Mistakes

People Who Follow Dave Ramsey’s Advice Avoid These 10 Financial Mistakes

Dave Ramsey’s financial philosophy has guided millions toward financial peace through his proven Baby Steps program. His followers develop disciplined habits that help them avoid the most common financial pitfalls that keep people trapped in cycles of debt and economic stress. Individuals can build wealth systematically while maintaining financial security by understanding and avoiding the

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How to Take Care of Your Finances: Dave Ramsey's 5 Self-Discipline Rules

How to Take Care of Your Finances: Dave Ramsey’s 5 Self-Discipline Rules

Dave Ramsey has built his reputation on a simple but powerful premise: personal finance is 80% behavior and 20% knowledge. His approach emphasizes self-discipline as the cornerstone of financial success, offering five specific rules that form the foundation of his wealth-building philosophy. These behavior-driven strategies focus on practical steps that anyone can implement, regardless of

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5 Middle Class Career Paths That Won’t Exist in 5 Years Due to the AI Revolution

5 Middle Class Career Paths That Won’t Exist in 5 Years Due to the AI Revolution

The AI Revolution is Reshaping Middle-Class Employment The artificial intelligence revolution fundamentally transforms the employment landscape, particularly affecting middle-class professional roles that once seemed secure. While complete job elimination rarely happens overnight, significant transformation is inevitable across numerous industries. The convergence of machine learning, natural language processing, and automation technologies creates a perfect storm that

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9 Simple Japanese Wealth-Building Habits That Will Make Your Life So Much Better

9 Simple Japanese Wealth-Building Habits That Will Make Your Life So Much Better

For centuries, Japanese culture has cultivated distinctive approaches to building and preserving wealth that emphasize patience, mindfulness, and community over quick gains. These time-tested practices offer valuable lessons for anyone seeking financial stability and peace of mind. Here are nine powerful Japanese wealth-building habits that can transform your relationship with money: 1. Master Kakeibo: The

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10 Laws of Wealth Building According to the Power of Psychology

10 Laws of Wealth Building According to the Power of Psychology

Building wealth isn’t just about mathematical formulas and investment strategies—it’s a psychological game. Your mindset, behavioral patterns, and emotional responses determine financial success far more than financial and market knowledge alone. This article’s ten laws of wealth combine psychological insights with practical financial strategies, emphasizing that the human element drives every monetary decision. Let’s explore

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