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 Salary You Need to Be Considered Middle Class in Every U.S. State

The Salary You Need to Be Considered Middle Class in Every U.S. State

Economics /

In an era of economic uncertainty and shifting social dynamics, the “middle class” concept has become increasingly complex and nuanced. As the financial landscape evolves, so too does the definition of what it means to be middle class across different diverse American states. This article delves into the factors that determine middle-class status, offering a […]

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How To Retire At Age 60- Four Factors To Consider

How to Retire at Age 60: Four Factors to Consider

Retirement /

Retiring at age 60 is an appealing goal for many, but it requires careful planning and consideration. To ensure a successful early retirement, you must evaluate four crucial factors: financial preparedness, health care coverage and costs, Social Security benefits, and lifestyle and income needs. Let’s explore each of these factors in detail. 1. Financial Preparedness

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How to Achieve Your Financial Goals (using Financial Psychology)

How to Achieve Your Financial Goals (Using Financial Psychology): 7 Steps

Personal Finance /

Achieving financial goals is as much about understanding your mindset as managing your money. By leveraging economic psychology principles, you can create a robust strategy for reaching your monetary aspirations. This comprehensive guide will walk you through seven crucial steps to help you align your financial behavior with your goals, leading to long-term success and

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The 7 Income Streams of the Rich (How the Rich Make Money)

The 7 Income Streams of the Rich (How the Rich Make Money)

Wealth /

In a world where financial security is increasingly elusive, the ultra-wealthy have mastered a strategy that sets them apart: diversifying their income sources. This article delves into the seven distinct revenue streams that millionaires cultivate to build and maintain their fortunes. By understanding and potentially emulating these methods, even those of modest means can begin

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Why the American Middle Class Is Disappearing

Why the American Middle Class Is Disappearing

Economics /

The American middle class, once the backbone of the nation’s economy, has steadily shrunk over the past few decades. This decline has far-reaching implications for economic stability, social mobility, and the overall health of American society. To understand this troubling trend, we must examine the complex interplay of economic, technological, and policy factors contributing to

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Why Americans Don't Believe the Middle Class Can Afford Homes

Why Americans Don’t Believe the Middle Class Can Afford Homes

Economics, Real Estate /

The American Dream of homeownership, once a cornerstone of middle-class aspirations, is increasingly viewed as an unattainable goal. Recent surveys and economic data paint a stark picture of a housing market that has outpaced the financial capabilities of average Americans. This article explores the various factors contributing to this widespread belief and examines the potential

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10 Actually Harmful Baby Boomer Beliefs That Really Need to Die off ASAP

10 Actually Harmful Baby Boomer Beliefs That Really Need to Die off ASAP

Economics /

The Baby Boomer generation has undoubtedly shaped much of our modern world, but some of their long-held beliefs may hinder progress in today’s rapidly changing society. While respecting the experiences that formed these views is crucial, it’s equally important to recognize when certain attitudes no longer serve us well. This article explores ten outdated beliefs

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What Is a Money Disorder (Find out if You're at-Risk)

What Is a Money Disorder? (Find out if You’re at Risk)

Personal Finance /

Money is integral to our lives, influencing our decisions, relationships, and overall well-being. While most people experience occasional financial stress, some individuals develop persistent, unhealthy patterns of behavior and thought related to finances. These patterns, known as money disorders, can significantly impact a person’s financial stability and quality of life. In this article, we’ll explore

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The Psychology of Casinos (How Casinos Trick You)

The Psychology of Casinos (How Casinos Trick You)

Gambling, Psychology /

Casinos are masterful at employing psychological tactics to influence gamblers’ behavior and maximize profits. From the moment you step inside, every aspect of the environment is carefully designed to keep you playing longer and spending more. This article explores how casinos use psychology and mathematics to gain an edge over their patrons, providing insights that

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Rich Thinking vs Poor Thinking- Embracing an Abundance Mindset

Rich Thinking vs Poor Thinking: Embracing an Abundance Mindset

Wealth /

In a world of endless possibilities, the difference between success and stagnation often lies not in our circumstances but in our mindset. This exploration of rich thinking versus poor thinking reveals how embracing an abundance mindset can transform your life and unlock your full potential. Understanding Rich vs. Poor Mindsets Rich and poor thinking are

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Top 12 Middle Class Money Struggles in 2024

Top 10 Middle Class Money Struggles

Economics, Personal Finance /

In today’s economic landscape, the middle class faces various financial challenges that can make it increasingly difficult to maintain stability and achieve long-term financial goals. This article explores the top 10 money struggles experienced by middle-class individuals and families, offering insights, statistics, and practical advice for navigating these common financial hurdles. 1. Living Paycheck to

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How Much Does a Middle-Class American Need to Save for Retirement

How Much Does a Middle-Class American Need to Save for Retirement?

Retirement /

Retirement planning is crucial to financial health, especially for middle-class Americans. Understanding how much to save can be challenging, as it depends on various factors unique to each individual. This article aims to provide a comprehensive guide to help you navigate the complexities of retirement savings and set realistic goals. Understanding Middle-Class Retirement Savings Targets

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Insanely Expensive Stuff Michael Jordan Owns

Insanely Expensive Things Michael Jordan Owns

Wealth /

Michael Jordan’s name is synonymous with greatness in basketball, but his interests extend far beyond the court. As one of the most successful athletes-turned-businessmen, Jordan has amassed a fortune, allowing him to indulge in extraordinary purchases. Let’s look at some of the most costly things the legendary Michael Jordan owns. The $80 Million Superyacht “Joy”

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7 Key Reasons the Poor Stay Poor and Why the Middle Class Struggles to Achieve Wealth

7 Key Reasons the Poor Stay Poor and Why the Middle Class Struggles to Achieve Wealth

Economics, Wealth /

In today’s complex economic landscape, the struggles of the poor and middle class to build wealth have become increasingly apparent. This article explores seven key factors contributing to these challenges, shedding light on the interconnected issues perpetuating economic struggles and hindering financial progress for many. 1. The Poverty Trap: A Cycle of Limited Opportunities The

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Your First Year of Retirement- 5 Things to Expect

Your First Year of Retirement: 5 Things to Expect

Retirement /

Retirement is often portrayed as the ultimate reward after decades of hard work – a time of leisure, relaxation, and freedom. While this can certainly be true, the reality of retirement, especially in the first year, can be quite different from what many people anticipate. This transition period brings unique challenges and opportunities worth understanding

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The 3 Best Paying Jobs You Should Consider

The 3 Best Paying Jobs You Should Consider

career /

In today’s competitive job market, finding a career that offers financial stability and personal fulfillment can be challenging. However, certain professions stand out for their exceptional earning potential and growth opportunities. If you want to maximize your income while pursuing a rewarding career path, consider the three high-paying jobs below, which are in constant demand

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