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.

Millionaire Behaviors That Most People Wouldn't Believe copy

Millionaire Behaviors That Most People Wouldn’t Believe

Wealth /

Welcome to a fascinating exploration of the real-life habits and traits of self-made millionaires, a topic that often sparks curiosity and disbelief. The journey to substantial wealth accumulation is shrouded in misconceptions and myths. Contrary to popular belief, the path tread by many self-made millionaires is not commonly lined with extravagant spending, high-profile careers, or […]

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What Happens to the Borrower and Lender in Hyperinflation

What Happens to the Borrower and Lender in Hyperinflation

Economics /

Understanding the dynamics between borrowers and lenders becomes crucial in a landscape where hyperinflation takes hold. This phenomenon, marked by rapid and excessive inflation, radically alters the value of money, reshaping the financial obligations and strategies of those in debt and those extending credit. This article delves into the intricate interactions between lending and borrowing

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Living Off Dividends in Retirement - Not So Fast

Living Off Dividends in Retirement? – Not So Fast

Retirement /

Many retirees are attracted to the idea of living solely off the dividends from their retirement investments. The theory is that income can continue indefinitely by only spending the dividend payments and leaving the investment principal untouched. However, the practical reality of relying entirely on dividends to fund retirement makes this onerous or even inadvisable

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Dave Ramsey Says the 4% Rule

Dave Ramsey Says the 4% Rule is Ridiculous and 10% Withdrawals are Possible

Personal Finance /

The 4% rule is a well-known guideline for retirement withdrawals. It states that retirees can safely withdraw 4% of their nest egg each year in retirement. However, popular finance personality Dave Ramsey thinks this rule is overly conservative. He believes withdrawal rates of 6% are a better starting point upwards of 10% are reasonable for

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4 Brutal Truths About Money They Don't Want You to Know

4 Brutal Truths About Money They Don’t Want You to Know

Wealth /

In finance, there are truths about money that remain elusive to many. Often unspoken or misunderstood, these truths are key to understanding how wealth is built, maintained, and eroded. This article delves into the brutal realities of financial wisdom that are essential yet frequently overlooked or hidden from general knowledge. From the relentless force of

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10 Reasons Why The Rich Get Rich-The Mind blowing Truth

10 Reasons Why The Rich Get Richer (The Mind Blowing Truth)

Wealth /

The wealthy seem to have a knack for getting richer, and it’s not just about luck. There are specific habits and principles that they follow which set them apart. Understanding these habits can provide valuable insights into wealth accumulation and management. The phenomenon of the rich accumulating greater wealth and the habits that facilitate this

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10 Biggest Financial Mistakes High-Income Earners Make

10 Biggest Financial Mistakes High-Income Earners Make

Personal Finance /

High-income earners often assume their sizable salaries equate to naturally savvy money management. However, high incomes do not automatically translate into financial wisdom. Top-tier professionals across fields like medicine, law, and business are prone to significant money mistakes. These blunders made by even the highest earners can jeopardize their long-term financial freedom after their careers

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You don't need Self-improvement

You Don’t Need Self-Improvement

Success /

In our fast-paced, achievement-oriented world, self-improvement is often glorified. However, this relentless pursuit can sometimes lead us away from true contentment, self-acceptance, and ever feeling good enough to begin pursuing our goals. Self-improvement is often seen as a relentless quest; it’s essential to pause and reconsider this commonly accepted notion. The drive to constantly enhance

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13 Businesses That Will Always Be In Demand

13 Businesses That Will Always Be In Demand

Business /

In a world where market trends and consumer preferences constantly evolve, certain businesses remain perpetually in demand. These industries, characterized by their resilience and necessity, offer services and products fundamental to our everyday lives and the broader economy. From the unwavering need for healthcare services to the consistent demand for food, agriculture, and consumer staples,

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Basic Guide to Personal Finance-Cash Flow, Assets, Liabilities

Basic Guide to Personal Finance: Cash Flow, Assets, Liabilities

Personal Finance /

Navigating the complexities of personal finance can often feel like charting a course through uncharted waters. The key to this journey is understanding the fundamental concepts of cash flow, the value of assets, and the role of liabilities. These elements are the building blocks of a solid financial foundation, each playing a pivotal role in

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All I’m Offering is the Truth_ The Philosophy of the Matrix

All I’m Offering is the Truth: The Philosophy of the Matrix

Psychology /

The Matrix film franchise has sparked endless philosophical debates since its inception. At the core of these debates lies the complex relationship between humanity and truth. As established early on with Morpheus’ iconic line, “All I’m offering is the truth,” The Matrix mirrors how we perceive, accept, deny, and relate to truth and reality. Like

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