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.

Charlie Munger-100 Years of Wisdom Summed up in 1,000 words

Charlie Munger: 100 Years of Wisdom Summed up in 1,000 words

Charlie Munger /

Decades of knowledge, distilled into a few insightful nuggets, can transform our approach to life and investing. Charlie Munger is one individual whose wisdom transcends time and continues to be influential in various spheres of life, particularly in investing. Known as Warren Buffett’s right-hand man and the vice-chairman of Berkshire Hathaway, Munger’s insights into human […]

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Why High Paid Americans Are Actually BROKE

Why High Paid Americans Are Actually Broke

Wealth /

In a society often blinded by the luster of large paychecks, an underbelly of financial reality is not widely acknowledged. We’re led to believe that a substantial salary automatically guarantees a life of comfort and financial security. However, digging beneath the surface reveals a startling contrast. Despite impressive incomes, many high-income-earning Americans struggle financially due

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10 Success Habits of Millionaires and Billionaires

10 Success Habits of Millionaires and Billionaires (Habits to Become a Millionaire)

Wealth /

Have you ever wondered what separates the genuinely affluent from the average person? Is it a winning lottery ticket? An inheritance? Or simply a stroke of good luck? While these factors can contribute in rare cases, they are far from the main reason behind significant wealth accumulation. The secret lies in adopting certain habits and

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8 Most Important Lessons from the 2023 Berkshire Hathaway Annual Meeting

8 Most Important Lessons from the 2023 Berkshire Hathaway Annual Meeting

Warren Buffett /

Every year, the financial world eagerly anticipates the wisdom that will be shared by two of the greatest minds in investing – Warren Buffett and Charlie Munger – during the annual Berkshire Hathaway gathering. The insights provided by these experts transcend the world of finance and investing, often serving as life lessons for personal growth,

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Warren Buffett: How I Started a Business at 7 YEARS OLD

Warren Buffett: How I Started a Business at 7 YEARS OLD

Warren Buffett /

Everyone knows him as the “Oracle of Omaha,” an investment wizard whose name has become synonymous with investing skills and wealth accumulation. But have you ever wondered how Warren Buffett, one of the world’s richest and most successful investors, embarked on his entrepreneurial journey? Let’s wind back the clock to when this icon was just

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10 Things Poor People Do That The Rich Don’t

10 Things Poor People Do That The Rich Don’t (How To Change Your Behavior And Change Your Life)

Wealth /

Welcome to a transformative exploration of financial habits and behaviors. This article unveils the differences between those who have successfully amassed wealth and those still grappling with financial challenges. Understanding these different practices allows you to recalibrate your behaviors, paving the way for financial success and prosperity. We will dive into ten critical habits, offering

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10 Passive Income Cashflow Assets To Grow Wealth and Live Off Your Investments for Life

10 Passive Income Cash Flow Assets To Grow Wealth and Live Off Your Investments for Life

Investing /

Navigating personal finance to secure a stable, prosperous future is a common goal for many. Yet, the question of how to effectively grow wealth often seems daunting. Imagine not having to work for your income actively but instead having your investments do the heavy lifting. This dream can turn into a reality with the magic

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Charlie Munger-Every time you hear EBITDA

Charlie Munger: ‘Every time you hear ‘EBITDA’ substitute it with ‘bull**** earnings”

Investing /

In the fascinating world of financial analysis and corporate accounting, jargon abounds. This wealth of terminology, while beneficial in its precision, can often mask the economic realities beneath. When used thoughtfully and transparently, these financial metrics can provide insightful snapshots of a company’s performance. But, in the wrong hands, they can also serve as smoke

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Warren Buffett & Charlie Munger- How to get excellent investment ideas

Warren Buffett & Charlie Munger: How to get excellent investment ideas?

Warren Buffett /

In investing, two individuals have carved out their legacies based on their incredible wealth, successes, insights, and wisdom. Warren Buffett and Charlie Munger, serve as guiding lights for many who venture into the investing world. Their unique, simple, wise, and profoundly effective approaches have outperformed most of the investment world overall for decades. This article

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Doing vs. investing in what you love - Robert Kiyosaki

Doing vs. Investing In What You Love: Robert Kiyosaki

Investing /

In a world where conventional wisdom often encourages us to ‘do what we love,’ an influential financial advisor takes a different stance. He advocates for an alternative, yet compelling, viewpoint: ‘Invest in what you love.’ This shift in perspective proposes a more direct path towards financial freedom, combining passion with economic sense. By delving into

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How to Get Rich

How to Get Rich

Wealth /

On life’s financial journey, getting rich is a destination many aspire to reach. Yet, it remains elusive for most, creating a mystery around the practices and principles that lead to wealth accumulation. It’s not about get-rich-quick schemes or luck; it’s a systematic process involving the right mindset, discipline, strategic decision-making, and more. Through this detailed

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The Law Of Averages - Jim Rohn

The Law Of Averages – Jim Rohn

Success /

In our continuous pursuit of success and fulfillment, we often encounter circumstances that can challenge our resolve. Through the wisdom of renowned motivational speaker, Jim Rohn, we can gain insights that will help us navigate these unpredictabilities. Drawing from the math of ratios, the speaker offers us timeless lessons on perseverance, understanding probabilities, and leveraging

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what is value investing

What is Value Investing?

Investing /

Value investing is a well-established approach to growing wealth, but many may still be unsure exactly what it entails. This article aims to break down the basic principles and methodologies of value investing, providing an informed foundation to start your journey as a value investor. Navigating the world of investments can sometimes feel like deciphering

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