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 Signs You're Probably Not Part of the Middle Class Anymore

5 Signs You’re Probably Not Part of the Middle Class Anymore

Economics /

The “middle class” concept has long been a cornerstone of American society, representing financial stability, comfort, and opportunity. However, in recent years, many individuals and families have found themselves struggling to maintain their middle-class status due to the cost of living, inflationary pressures, and low-paying jobs. This subtle shift can make recognizing when you’ve slipped […]

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5 Things the Middle Class Can't Afford Anymore Due to Inflation

5 Things the Middle Class Can’t Afford Anymore Due to Inflation

Economics /

Inflation has hit the middle class hard, making many once-attainable aspects of life increasingly out of reach. From essential services to traditional symbols of financial stability, the rising cost of living is reshaping what it means to be middle class in America. This article explores five key areas where inflation has made it difficult for

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The 7 Wealth Killers That No One Talks About

The 7 Wealth Killers That No One Talks About

Personal Finance /

When pursuing financial success, we often focus on strategies to build wealth. However, it is equally important to know the hidden traps that can silently erode our hard-earned money. This article delves into seven wealth killers that are rarely discussed but can significantly impact your financial future. Understanding and avoiding these pitfalls can protect your

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7 Frugal Living Tips That Work- Warren Buffett's Money-Saving Habits

7 Frugal Living Tips That Work: Warren Buffett’s Money-Saving Habits

Personal Finance /

Warren Buffett, one of the world’s most successful investors, is renowned for his financial acumen and frugal lifestyle. Despite his immense wealth, Buffett’s money-saving habits offer valuable lessons for anyone looking to improve their financial health. Let’s explore seven essential frugal living tips inspired by the Oracle of Omaha himself. 1. Live Modestly: The Power

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10 Things To Buy To Be Happier- According To Science

10 Things To Buy To Be Happier: According To Science

Psychology /

In our quest for happiness, we often overlook the power of strategic purchases. While money can’t buy happiness directly, science suggests that certain investments can significantly boost our well-being. Let’s explore ten scientifically-backed purchases that can enhance our happiness and overall quality of life. 1. Experiential Purchases Research consistently shows that spending money on experiences

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World's Simplest 2-Fund Portfolio- VTSAX + VBTLX + Cash

World’s Simplest 2-Fund Portfolio: VTSAX + VBTLX + Cash

Investing /

In the complex world of investing, simplicity can be a powerful strategy. The 2-Fund Portfolio, consisting of VTSAX, VBTLX, and cash, offers a straightforward approach to building wealth over time. This article will explore this uncomplicated investment strategy, its components, benefits, and considerations. Understanding the 2-Fund Portfolio Concept The 2-Fund Portfolio is rooted in the

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8 Middle Class Habits That Keep You Poor

8 Middle Class Habits That Keep You Poor

Personal Finance /

Many middle-class individuals struggle to build wealth and achieve financial stability in today’s economy. Despite earning decent incomes, certain habits can sabotage their efforts to get ahead financially. This article explores eight common behaviors that often keep middle-class people from reaching their full financial potential and offers practical advice on how to break free from

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Charlie Munger Said He 'Wouldn't Be so Rich' if Others 'Weren't so Often Wrong': 5 Deadly Investing Mistakes to Avoid

Charlie Munger Said He ‘Wouldn’t Be so Rich’ if Others ‘Weren’t so Often Wrong’: 5 Deadly Investing Mistakes to Avoid

Investing, Wealth /

Charlie Munger, the late investment sage and long-time partner of Warren Buffett, was renowned for his sharp intellect and candid insights into the world of finance. During a 2015 Berkshire Hathaway annual shareholder meeting, Munger made a statement that encapsulates much of his investment philosophy: “Warren, if people weren’t so often wrong, we wouldn’t be

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The (Overdue) Collapse Of Short Term Rentals

The Very Overdue Collapse Of Short Term Rentals Has Started

Real Estate /

In recent years, the short-term rental market has experienced a meteoric rise followed by a sudden and dramatic downturn. This article explores the factors contributing to what many are calling the overdue collapse of short-term rentals, with a particular focus on industry leader Airbnb. The Rise of Airbnb: From Air Mattresses to $100 Billion Industry

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Minimum Annual Income Needed To Qualify As Middle Class In Mississippi 2024

Minimum Annual Income Needed To Qualify As Middle Class In Mississippi 2024

Economics /

In today’s ever-changing economic landscape, understanding what it means to be “middle class” is crucial, especially when considering the unique economic situation of individual states. This article delves into the specifics of what a middle-class income is in Mississippi for 2024, exploring how it compares to national averages and what it truly means for residents

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Housing Affordability- Over 75% of Homes Too Expensive for Middle Class

Housing Affordability: Why Over 75% of Homes Are Too Expensive for Middle Class

Economics, Housing, Housing Market, Real Estate /

The American dream of homeownership is becoming increasingly elusive for middle-class families across the United States. A startling new statistic reveals that, according to a recent report from the National Association of Realtors and Realtor.com, over 75% of homes on the market are now too expensive for middle-income buyers. This highlights a growing crisis in

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6 Money Lessons Rich Parents Teach Their Kids

6 Money Lessons Rich Parents Teach Their Kids

Wealth /

In today’s complex financial landscape, teaching children about money is more important than ever. Wealthy parents often have a unique perspective on economic education, instilling valuable lessons that set their kids up for future success. This article explores six crucial money lessons that wealthy parents typically teach their children, offering insights that any family can

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Understanding Financial Ratios to Achieve Personal Finance Success

Understanding Financial Ratios to Achieve Personal Finance Success

Personal Finance /

What Are Financial Ratios? Financial ratios are powerful tools that provide insights into your financial health by comparing different aspects of your financial life. Initially developed for corporate finance, these ratios have been adapted to personal finance to help individuals make informed decisions about their money. A financial ratio expresses the relationship between two financial

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The Rise and Fall of America's Middle Class

The Rise and Fall of America’s Middle Class

Economics /

The Golden Age: Post-World War II Prosperity The period following World War II they marked an unprecedented era of economic growth and prosperity in the United States. As Europe and Asia grappled with rebuilding their war-torn economies, America’s industrial base flourished, unscathed by the conflict. Rapid technological advancements and industrial expansion characterized the economic boom,

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AI's Negative Economic Impact on White-Collar Middle Class Workers

AI’s Negative Economic Impact on White-Collar Middle-Class Workers

career, Economics /

Artificial Intelligence (AI) is rapidly transforming the work landscape, with profound implications for white-collar middle-class workers. As AI systems become increasingly sophisticated, they’re capable of performing tasks once thought to be the exclusive domain of human intelligence. This technological revolution promises increased efficiency and productivity. However, it also poses significant challenges to the job security

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