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 8 Laws of Money to Get Rich-Apply them Now

The 8 Laws of Money to Get Rich (Apply them Now)

Personal Finance, Wealth /

Welcome to the world of financial empowerment, where understanding and applying critical laws of money can significantly enhance your journey towards wealth and prosperity. In today’s fast-paced economic landscape, getting rich is not just a matter of luck or inheritance; it’s about strategic planning, intelligent decisions, and consistent application of proven financial principles. This guide […]

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Should You Drop Out Of College-It's Not A Simple Answer

Should You Drop Out Of College: It’s Not A Simple Answer

Personal Finance /

In today’s ever-changing educational and professional landscape, deciding whether to drop out of college is challenging for many. It’s a question that doesn’t yield a straightforward one-size-fits-all answer, as it intertwines with career aspirations, financial considerations, and personal growth. This article delves into the complexities surrounding this decision, exploring the pros and cons of leaving

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The Secret Wealth Machine of the New Rich

The Secret Wealth Machine of the New Rich

Business, Wealth /

In the digital age, the Internet has emerged as a pivotal force in redefining wealth creation, offering unparalleled opportunities for entrepreneurs and investors. Revolutionizing how we do business, invest, and grow our brands. This blog post explores how the digital world has become a powerful tool for generating wealth, transforming traditional business models, and creating

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How Lifestyle Inflation Is Keeping You In The Rat Race-Avoid To Build Wealth

How Lifestyle Inflation Is Keeping You In The Rat Race (Avoid To Build Wealth)

Personal Finance, Wealth /

In a world where lifestyle inflation and the rat race often go hand in hand, understanding how to navigate your finances to build wealth is more crucial than ever. Many people fall into the trap of increasing their spending as their income grows, unknowingly stepping onto a treadmill that keeps them running in place financially.

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The Loneliness Economy

The Loneliness Economy

Economics, Psychology /

Loneliness and the economy have become deeply intertwined in modern society. As isolation reaches epidemic proportions, new industries arise to exploit this vacuum in human connection. Many fail to realize that this loneliness crisis is no accident – our current culture and corporations are aligned to cultivate disconnection actively. With callous efficiency, economic systems fracture

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4 Types of Narcissism

4 Types of Narcissism

Psychology /

Narcissism, often thrown around in casual conversations, is more than an obsession with selfies or a bloated ego. It’s a complex psychological phenomenon that manifests in various forms. Narcissism, a term often associated with self-love and ego, is far more complex and multifaceted than its ordinary usage suggests. This psychological trait has significant implications in

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The (Overdue) Collapse Of Short Term Rentals

The (Overdue) Collapse Of Short-Term Rentals

Real Estate /

In recent years, the landscape of short-term rentals has dramatically transformed, leading to a significant downturn in what was once a booming market. This shift, long in the making, has brought to light the complexities and challenges inherent in the short-term rental industry. From Airbnb’s meteoric rise to the increasing regulatory pressures and market saturation,

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Why Entry-Level Jobs Now Demand 3-5 Years Experience

Why Entry-Level Jobs Now Demand 3-5 Years Experience

Business /

In today’s competitive job landscape, the requirement for experience in entry-level roles has become a perplexing and often frustrating norm. This shift, demanding several years of professional background for positions traditionally seen as stepping stones for recent graduates or newcomers, has sparked discussions and concerns among job seekers and employers alike. This article delves into

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What Net Worth Puts You in the Upper Middle & Lower Class

What Net Worth Puts You in the Upper, Middle, & Lower Class?

Personal Finance, Wealth /

In personal finance, understanding the distinctions in net worth that define upper, middle, and lower-class status is crucial for perspective on where you are on your financial journey. This article delves into the financial thresholds that separate these socioeconomic classes in the United States, offering a comprehensive view of what it means to belong to

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5 Strategies Rich People Use to Multiply Their Wealth-Tips for Building Wealth from Scratch

5 Strategies Rich People Use to Multiply Their Wealth: Tips for Building Wealth from Scratch

Wealth /

Welcome to my exploration of wealth multiplication strategies and tips for growing your financial assets from the ground up. In a world where financial security is a coveted goal, understanding the tactics and approaches the affluent use to increase their wealth can be incredibly empowering. This guide delves into five key strategies that have been

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8 Dangerous Middle-Class Money Habits Keeping You Broke

8 Dangerous Middle-Class Money Habits Keeping You Broke

Personal Finance /

In personal finance, certain habits, particularly prevalent among the middle class, can significantly hinder financial progress and even lead to perpetual financial struggle. Often overlooked or underestimated in their impact, these habits can quietly keep individuals and families from achieving their financial goals. This article delves into eight critical behaviors that, if not addressed, can

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12 Amazing Qualities of People Who Like to Be Alone

12 Amazing Qualities of People Who Like to Be Alone

Psychology /

Solitude gets a bad rap in our increasingly hyperconnected world. Enjoying time alone is often misperceived as anti-social when, in fact, it’s pretty healthy. There are many remarkable qualities that emotionally strong and independent thinkers who thrive in solitude tend to share. Thriving while alone requires great emotional strength and self-reliance. This article explores the

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How to Take Hold of Your Money-Dave Ramsey

How to Take Hold of Your Money: Dave Ramsey

Personal Finance /

In today’s fast-paced world, taking hold of your finances is more important than ever. Many people grapple with money management, debt, and the quest for financial freedom. It’s here that the teachings of Dave Ramsey, a renowned financial expert, become invaluable. Ramsey’s approach to personal finance isn’t just about crunching numbers; it’s about transforming your

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Why NFL Athletes Go Broke

Why NFL Athletes Go Broke

Wealth /

According to a working paper from the National Bureau of Economic Research, 15.7% of NFL players have filed for bankruptcy within twelve years of retiring.[1] The National Football League (NFL) is known for its high-energy games and the astronomical salaries of its players. However, despite these lucrative incomes, many NFL athletes struggle financially after their

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Outwork Everyone By Doing Less

Outwork Everyone By Doing Less

Success /

In today’s fast-paced world, the traditional approach to productivity – working long hours and multitasking – is quickly becoming obsolete. The secret to outworking everyone is not working more but working smarter. This means focusing on high-impact tasks, embracing efficiency, and using strategic approaches to maximize productivity while minimizing effort. In the competitive landscape of

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Leverage Debt Like The Wealthy-How To Use Debt To Build Wealth

Leverage Debt Like The Wealthy: How To Use Debt To Build Wealth

Wealth /

In wealth creation, leveraging debt effectively and using it strategically can be a game-changer. Many affluent investors and entrepreneurs have long utilized the power of debt as a catalyst for building substantial wealth. This approach, often perceived as a well-kept secret of the financially savvy, involves a nuanced understanding of how to turn debt into

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