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.

Stealth Wealth- The Art of Silent Financial Success

Stealth Wealth: The Art of Silent Financial Success

Wealth /

In a world characterized by flashy displays of wealth and conspicuous consumption, an alternative approach to personal finance is “stealth wealth.” By accumulating wealth quietly and living modestly, those who practice stealth wealth enjoy a life that prioritizes financial security, freedom, and authenticity over outward displays of financial success. People practicing stealth wealth are undercover […]

Stealth Wealth: The Art of Silent Financial Success Read More »

THE MILLIONAIRE FASTLANE

The Millionaire Fastlane

Wealth /

In personal finance and wealth-building, conventional wisdom often directs us towards a predictable path: secure stable employment, save diligently, invest in long-term assets, and eventually retire to enjoy the fruits of years of hard work. However, one author challenges this standard approach advocating for a more accelerated route to financial independence. M. J. DeMarco argues

The Millionaire Fastlane Read More »

The Poverty Programming Trap

The Poverty Programming Trap

Wealth /

Human minds operate with astounding complexity, much like powerful supercomputers. However, just as a computer runs on an operating system, our minds are governed by deeply ingrained beliefs and assumptions. These mental frameworks often shape our reality in ways we might not fully understand or appreciate. From our upbringing and social circles to our education

The Poverty Programming Trap Read More »

First Who Then What

First Who, Then What

Business /

Jim Collins’ book “Good to Great” is a treasure trove of insights into the pivotal role of human capital in building a successful company. Through rigorous research, Collins reveals that prioritizing the right people is the cornerstone of greatness. This blog post delves deeper into the core concepts presented in “Good to Great” and explores

First Who, Then What Read More »

The 6 BIGGEST Middle-Class Habits Keeping You in the Rat Race

The 6 Biggest Middle-Class Habits Keeping You in the Rat Race

career /

The proverbial “rat race” often refers to a seemingly endless cycle of working, paying bills, and repeating. It may seem like there’s no escape from this cycle for many hard-working people, especially those living a middle-class lifestyle of earning and spending on debt payments. However, with some awareness and changes in your habits, you can

The 6 Biggest Middle-Class Habits Keeping You in the Rat Race Read More »

The BEST Methodology to INCREASE your Odds of SUCCESS at Anything

The Best Methodology to Increase Your Odds of Success at Anything

Success /

Success in any endeavor requires more than just talent or luck. It combines clearly defined goals, perseverance, continuous learning, and the ability to adapt to new situations. In this post, we’ll explore various methodologies that can help increase your odds of success in any field. Whether striving for professional achievement, personal growth, or mastering a

The Best Methodology to Increase Your Odds of Success at Anything Read More »

9 Most Popular Investment Portfolio Strategies

9 Most Popular Investment Portfolio Strategies

Investing /

Crafting the ideal investment portfolio is an intensely debated topic among investors. With the wide selection of options, from equities to fixed income to real estate and more, allocating your hard-earned money into a portfolio allocation can be daunting. Experts promote varying philosophies, ranging from simplicity to complexity. While no asset allocation is the best

9 Most Popular Investment Portfolio Strategies Read More »

A Deep Look Into Warren Buffett's Portfolio - 2023 Update

A Deep Look Into Warren Buffett’s Portfolio: 2023 (Q2)

Warren Buffett /

Warren Buffett, the Oracle of Omaha, has long been admired for his astute investment decisions and the ability to build wealth through strategic stock picking. As the chairman and CEO of Berkshire Hathaway, Buffett oversees a diverse portfolio of stocks representing a wide range of industries. It’s important to note that these stocks are part

A Deep Look Into Warren Buffett’s Portfolio: 2023 (Q2) Read More »

Michael Burry-Big Short Portfolio Update-Q2 2023

Michael Burry: Big Short Portfolio Update: Q2 2023

Portfolio /

Investing enthusiasts and market watchers often look to seasoned investors for insights into intelligent investment strategies. One such investor who has captured the world’s attention is Michael Burry, the famed hedge fund manager and founder of Scion Asset Management. Known for his contrarian and value-driven approach, Burry gained widespread recognition for his successful bet against

Michael Burry: Big Short Portfolio Update: Q2 2023 Read More »

Where Money Comes From

Where Money Comes From

Economics /

Understanding the genesis of money is crucial for anyone keen on decoding the intricacies of modern economics and finance. The mechanisms of money creation, driven by central banks, commercial banks, and even novel digital currencies, underpin our entire economic system. By delving into the multifaceted processes of how money comes into existence, you’ll gain invaluable

Where Money Comes From Read More »

Top 10 Richest Rappers In The World (2023)

Top 10 Richest Rappers In The World (2023)

Wealth /

The hip-hop industry has long been synonymous with flashy displays of wealth, but few manage to amass fortunes that catapult them into centi-millionaires or billionaires. The stories of rappers who have reached these heights reveal a fascinating mix of talent, entrepreneurship, and investment prowess. What sets these wealthy lyricists apart? It’s more than just chart-topping

Top 10 Richest Rappers In The World (2023) Read More »

Rules of the Rich

Rules Of The Rich

Wealth /

Certain timeless principles stand out in the wealth-building pattern, guiding those who navigate its complexities toward financial success. Many aspire for prosperity, but only a few truly understand and harness the rules the self-made millionaires and billionaires live by. Diversifying income, leveraging resources, prioritizing financial knowledge, and thinking long-term are more than mere tactics; they

Rules Of The Rich Read More »

The Colossal Power of Compounding Dividends

The Colossal Power of Compounding Dividends

Investing /

In the vast realm of investment strategies, few concepts hold as much allure and promise as dividend compounding. Compounding capital was supposedly called the “eighth wonder of the world” by Albert Einstein (though likely apocryphally). Many investing experts like Warren Buffett believe this mechanism can turn even modest investments into formidable sums over time. Imagine

The Colossal Power of Compounding Dividends Read More »