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 Financial Traps the Broke Fall Into That the Rich Avoid

5 Financial Traps the Broke Fall Into That the Rich Avoid, According to Math

Financial success often hinges on understanding and leveraging mathematical principles that govern money growth and debt accumulation. Many people unknowingly fall into financial traps that the wealthy typically avoid. By recognizing these pitfalls and adopting better financial strategies, individuals can improve their financial health and work towards building wealth. Let’s explore five common financial traps […]

5 Financial Traps the Broke Fall Into That the Rich Avoid, According to Math Read More »

12 Reasons Homeownership Is Becoming Unaffordable for the Middle Class

12 Reasons Homeownership Is Becoming Unaffordable for the Middle Class

In recent years, the dream of homeownership has become increasingly out of reach for many middle-class families across the United States. As housing markets evolve, a confluence of factors has contributed to a growing affordability crisis that poses significant challenges for potential buyers. From soaring home prices and rising mortgage rates to stagnant wages and

12 Reasons Homeownership Is Becoming Unaffordable for the Middle Class Read More »

If You Really Want to Accelerate Your Wealth-Building, Master These Skills

If You Really Want to Accelerate Your Wealth-Building, Master These 10 Skills

Building wealth is a journey that requires a combination of strategic planning, disciplined habits, and continuous learning. Mastering specific skills can significantly accelerate your wealth-building efforts. This article explores ten essential skills that can help you achieve financial success. If you really want to accelerate your wealth-building, master these ten skills below: 1. Learn from

If You Really Want to Accelerate Your Wealth-Building, Master These 10 Skills Read More »

People Who Create Wealth From Nothing Share These 5 Success Habits

People Who Create Wealth From Nothing Share These 5 Success Habits

The journey from rags to riches has captivated imaginations for generations. Self-made millionaires and billionaires often seem to possess a secret formula for success, turning modest beginnings into vast fortunes. While there’s no one-size-fits-all approach to wealth creation, these individuals share everyday habits that contribute significantly to their financial success. By understanding and adopting these

People Who Create Wealth From Nothing Share These 5 Success Habits Read More »

7 Ways Discipline Keeps the Rich Wealthy

7 Ways Discipline Keeps the Rich Wealthy and the Broke Struggling

Discipline plays a pivotal role in shaping financial outcomes. It acts as a bridge between where individuals are and where they aspire to be. While the rich often leverage disciplined habits to maintain and grow their wealth, a lack of discipline frequently keeps others trapped in cycles of financial struggle. This article explores how discipline

7 Ways Discipline Keeps the Rich Wealthy and the Broke Struggling Read More »

5 Ways Warren Buffett’s Frugal Living Tips Can Help the Middle Class

5 Ways Warren Buffett’s Frugal Living Tips Can Help the Middle Class

Warren Buffett, one of the world’s wealthiest individuals with a net worth exceeding $150 billion, is renowned for his investment acumen and frugal lifestyle. Despite his vast fortune, Buffett’s approach to personal finance offers valuable lessons for middle-class families striving to build wealth and achieve financial stability. This article explores five critical frugal living tips

5 Ways Warren Buffett’s Frugal Living Tips Can Help the Middle Class Read More »

If You Really Want to Double Your Wealth, Start These 5 Practices Today

If You Really Want to Double Your Wealth, Start These 5 Practices Today

Building sustainable wealth requires more than wishful thinking—it demands strategic action and consistent effort. While there’s no guaranteed path to doubling your wealth, implementing the five essential practices below can significantly improve your chances of reaching your boldest financial goals. If you really want to double your wealth, start these five practices today: 1. Double

If You Really Want to Double Your Wealth, Start These 5 Practices Today Read More »

Rich vs. Broke 8 Money Habits That Define Your Future

Rich vs. Broke: 8 Money Habits That Define Your Future

Financial success isn’t just about how much you earn – it’s about the habits you develop and maintain over time. The difference between building wealth and living paycheck to paycheck often comes down to specific behavioral patterns that enrich or drain your financial future. Let’s explore eight crucial habits that separate those who build wealth

Rich vs. Broke: 8 Money Habits That Define Your Future Read More »

Why the Middle Class Can't Afford These 5 Common Things Anymore

Why the Middle Class Can’t Afford These 5 Common Things Anymore

In 2024, the landscape of middle-class life in America is undergoing a profound transformation. Once considered the bedrock of the American Dream, the middle class faces many financial challenges that threaten their ability to achieve essential milestones and afford things that used to be common in the middle class. Many middle-class families struggle with rising

Why the Middle Class Can’t Afford These 5 Common Things Anymore Read More »

Warren Buffett's Advice on Managing Money During Inflationary Times

Warren Buffett’s 8 Pieces of Advice For Managing Money During Inflationary Times

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has long been a voice of wisdom regarding money management, especially during challenging economic times. With inflation becoming a growing concern for many, Buffett’s insights on navigating these turbulent waters are more valuable than ever. This article delves into Buffett’s critical strategies for managing money

Warren Buffett’s 8 Pieces of Advice For Managing Money During Inflationary Times Read More »