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.

People Who Like To Be Alone Have These 7 Special Personality Traits 2

People Who Like To Be Alone Have These 7 Special Personality Traits

Psychology /

People who like to be alone often exhibit seven personality traits that set them apart in unique and fascinating ways. In a society that often emphasizes extroversion and constant connectivity, people who prefer solitude and their unique personality traits can seem like an enigma. Often misunderstood, this group embodies a range of unique characteristics that […]

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How Do Interest Rates Affect Your Mortgage and Monthly Payment-Interest Rates Explained

How Do Interest Rates Affect Your Mortgage and Monthly Payment? Interest Rates Explained

Real Estate /

Navigating the world of mortgages and understanding how fluctuating interest rates impact your monthly payments can be a complex journey for many homeowners and potential buyers. This intricate dance between interest rates and mortgage payments is crucial to financial planning and real estate investment. In this comprehensive guide, we delve into the nuances of mortgage

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HOW DEBT CAN GENERATE INCOME

How Debt Can Generate Income

Wealth /

In the financial world, debt often carries a negative connotation, conjuring images of unmanageable bills and financial stress. However, debt can become a powerful catalyst for generating income when navigated with savvy and strategic insight. This intriguing paradox lies at the heart of savvy financial management and investment strategies. In this article, we delve into

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What’s the difference between Intrinsic Motivation and Extrinsic Motivation

What’s the Difference Between Intrinsic Motivation and Extrinsic Motivation?

Psychology /

Understanding intrinsic and extrinsic motivation is crucial in the intricate landscape of human behavior. These two forces, often invisible yet powerful, drive our actions, shape our goals, and influence our satisfaction in both personal and professional spheres. At the heart of every decision we make, whether pursuing a career, engaging in a hobby, or even

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What is Grit

What is Grit?

Success /

In the quest to understand what drives individuals towards remarkable achievements, the concept of grit emerges as a pivotal factor. This intriguing blend of passion and perseverance has garnered significant attention in discussions of personal development and professional success. At its core, grit represents more than resilience or determination; it encapsulates a deep-seated drive that

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Money and Energy

Money and Energy

Psychology /

In the intricate worlds of finance and physics, the concepts of money and energy stand as fundamental pillars, each governing their respective domains with a set of principles that surprisingly mirror each other. This intriguing parallel between economic resources and energy sources offers a unique lens through which we can understand the dynamics of our

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How To Convert A Liability Into An Asset

How To Convert A Liability Into An Asset

Investing, Personal Finance, Wealth /

Welcome to an exploration of transforming liabilities into valuable assets, a crucial skill for anyone looking to enhance their financial well-being. In the ever-evolving landscape of personal finance, understanding how to effectively convert financial liabilities into profitable cash-flowing assets is more critical than ever. This article delves into practical strategies and insights to help you

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How Anyone Can Develop The Mindset Of A Multi-Million Dollar Entrepreneur

How Anyone Can Develop The Mindset Of A Multi-Million Dollar Entrepreneur

Wealth /

Embarking on the journey to develop a mindset akin to that of a multi-million dollar entrepreneur is an ambitious yet achievable goal. This transformative process is not reserved for a select few; it’s accessible to anyone willing to embrace the principles and practices that drive the world’s most successful business minds. Entrepreneurship is not just

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How To Master the Law Of Assumption (10x More Powerful than the Law of Attraction)

How To Master the Law Of Assumption (10x More Powerful than the Law of Attraction)

Success /

Let me introduce you to the Law of Assumption, a concept often regarded as significantly more powerful than the Law of Attraction. We frequently explore various methods to attract success, happiness, and fulfillment in our quest for personal growth and achievement. However, the Law of Assumption offers a unique perspective, emphasizing the power of belief

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Modernity vs Stoicism-Embrace Discipline

Modernity vs Stoicism: Embrace Discipline

Psychology /

In our quest to understand the essence of discipline, exploring how different philosophies approach this concept is fascinating. Two such contrasting philosophies are Modernity and Stoicism. Modernity, a product of the Enlightenment and the Industrial Revolution, emphasizes individualism, technological progress, and societal change. Stoicism, an ancient Greek philosophy, focuses on virtue, self-control, and inner peace.

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5 Habits For Successful Traders

5 Habits For Successful Traders

Trading /

In the world of trading, success doesn’t come by chance. It’s the result of cultivating powerful habits that guide decision-making and strategy. Influential works like “Market Wizards” by Jack Schwager and Michael Covel’s “Trend Following” have shed light on these common practices of successful traders. Trading habits and strategies converge to create a roadmap for

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Charlie Munger-The Man Who Built Berkshire Hathaway

Charlie Munger: The Man Who Built Berkshire Hathaway

Business /

Charlie Munger is practically synonymous with Berkshire Hathaway, the massively successful conglomerate he built alongside investing legend Warren Buffett over decades. As Berkshire’s vice chairman for 45 years, until he passed away recently at 99 years old, Munger was instrumental in identifying and structuring the signature deals that have made Berkshire one of the most

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5 Bad Habits for Investing

5 Bad Habits for Investing

Investing /

Investing can be complex and challenging, even for the most seasoned investors. However, certain common pitfalls can significantly hinder investment success. Navigating the investing world can often feel like a maze, with various habits and practices determining the success or failure of your financial endeavors. In the stock market, certain tendencies, often overlooked or underestimated,

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Discipline over Motivation

Discipline over Motivation

Psychology /

The battle between discipline and motivation is a constant theme in the quest for personal and professional success. While motivation often receives the spotlight for kickstarting our ambitions, discipline is pivotal in carrying us across the finish line. This article delves into why a disciplined approach is crucial for achieving and sustaining our goals rather

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