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.

Escape the Rat Race - Reach Financial Freedom

Escape the Rat Race (Reach Financial Freedom)

The rat race, as we know it, represents the relentless pursuit of higher social status and wealth. Quite often, this grind leaves little room for personal fulfillment and enjoyment. Financial freedom, in stark contrast, is the ability to live comfortably, free from the constraints of money-related stress and anxieties. Financial freedom is independence from debts […]

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The Scary Parallels Between The Great Depression And Today

The Scary Parallels Between The Great Depression And Today

History holds many lessons. Looking back, it’s pretty alarming to note the striking parallels between the Great Depression of the 1930s and today’s economic climate. Echoes from the past seem to be resounding louder than ever. Many people will point to the differences between 2023 versus the Great Depression. Still, they may not remember the

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Critical Thinking Fundamentals Introduction to Critical Thinking

Critical Thinking Fundamentals (Introduction to Critical Thinking)

Welcome to the world of critical thinking, a journey to heighten your perception and elevate your decision-making abilities. In this post, I will introduce you to the basics of critical thinking and then cover the fundamentals. This can be life-changing for those readers who have never been introduced to the concept. Understanding the Concept of

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6 Money Traps The Middle Class Is Falling For

6 Money Traps The Middle Class Is Falling For

In the middle-class quest for financial stability, you will often navigate a maze filled with potential money traps that can hinder progress and lead to severe financial strain. The middle class, in particular, faces several unique challenges. From misguided educational investments to the societal pressure to maintain certain appearances, numerous pitfalls can ensnare the unsuspecting

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Rich Habits, Poor Habits The success beliefs of the Rich

Rich Habits, Poor Habits (The Success Beliefs of the Rich)

While exploring the attitudes and habits that shape the financial destiny of self-made millionaires and billionaires, I have found several repeating psychological and behavioral habits of the wealthy. Those who have amassed considerable wealth have a distinctive mindset and certain habits that guide their path to financial success. Let me share these rich habits with

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Your Brain is Wired for Negative Thoughts

Your Brain is Wired for Negative Thoughts. Here’s How to Change It.

Have you ever dwelled on the small amount of negativity in a situation and ignored all the positivity? You’re not alone, and there’s a scientific explanation for it. It’s not just you; it’s your brain’s negativity bias. But don’t fret; this predisposition towards negativity can be understood and combated. This article will guide you on

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Scarcity vs Abundance Mindset

Scarcity vs Abundance Mindset: What’s the Difference?

In this blog post, I’ll dive deep into a realm that subtly shapes our realities. We’ll explore scarcity and abundance – two contrary mentalities with profound implications. The scarcity and abundance mindsets are contrary mentalities because they fundamentally differ in how they view the world and its resources. A scarcity mindset views life as a

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3 Cognitive Biases That Are Making You Poor and Unhealthy

3 Cognitive Biases That Are Making You Poor and Unhealthy: How To Overcome Them

You’re often making choices, aren’t you? Choices that seem reasonably beneficial sometimes lead to unfavorable outcomes. It’s puzzling, this human propensity to pick paths that aren’t optimal. Why are so many of your thoughts self-defeating? More often than not, cognitive biases and subtle mental frameworks you’re programmed to use skew decision-making, guiding you into pitfalls

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Marginal Gains Theory

Marginal Gains Theory: Why Successful People Seek 1% Improvement Everyday

The Marginal Gains Theory is a concept that suggests making small, incremental changes or improvements in various areas of life or work, which, when combined, result in a significant overall improvement. The theory is based on the premise that improving activity by just 1% isn’t notably tricky. Still, if you can repeat these minor improvements

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