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.

7 Things I Will Never Spend Money On Again

7 Things I Will Never Spend Money On Again: (How To Practically Save More Money)

In the pursuit of financial success, we all find ourselves looking for ways to save money and invest wisely. Over the years, I’ve identified seven everyday spending habits that, in my opinion, often prove to be terrible uses of money. Lottery Tickets Gambling in a Casino Credit card interest  Cable Television Package Gym membership Extended […]

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10 Principles of Building Wealth

10 Principles of Building Wealth (Not What You Think)

Some principles might seem unconventional or surprising regarding wealth creation, but they have repeatedly proven to be the foundational blocks of financial success. Pursuing financial stability and prosperity is a journey many people attempt to travel, but few navigate easily. Traditional wisdom and methods often fall short, leaving individuals overwhelmed and adrift financially. But what

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Warren Buffett- Why I Don't Put $100 Billion in S&P Index

Warren Buffett: Why I Don’t Put $100 Billion in the S&P Index

Renowned investor Warren Buffett, often regarded as the “Oracle of Omaha”, has long made strategic financial decisions that have yielded extraordinary results. Among these, one particular approach stands out: his decision to keep a substantial amount of Berkshire Hathaway’s capital in cash rather than investing it all in the S&P 500 Index. If you’ve ever

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11 Frugal Habits That Could Save You Thousands

11 Frugal Habits That Could Save You Thousands: Dave Ramsey’s Money-Saving Tips

If you want to improve your financial health, the following tips by personal finance guru Dave Ramsey are precisely what you need. By cultivating the 11 frugal habits in this article, you could save thousands yearly and ultimately enhance your financial piece. If you’ve ever felt overwhelmed by your financial situation or unsure how to

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Why Warren Buffett Does Not Trade Commodities

Why Warren Buffett Does Not Trade Commodities

Have you ever wondered why renowned investor Warren Buffett refrains from trading commodities? If so, you’re about to delve into a comprehensive analysis that could potentially redefine your investing and trading approach. The following sections unravel a captivating dialogue between Catherine Voorhood, a Los Angeles-based investor, and Warren Buffett, alongside his long-time partner Charlie Munger.

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Why LOOKING Poor Is Important

Why Looking Poor Is Important

This article is an exploration of the misconceptions of wealth and appearances. Financial realities challenge conventional beliefs and societal stereotypes that equate affluence with ostentatious displays of material wealth through luxury cars and designer brands. We will dive into financial teachings and research, scrutinize popular culture’s influence on our perception of prosperity, and explore the

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