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.

10 Books That Will Teach You More Than Any Psychology Degree

10 Books That Will Teach You More Than Any Psychology Degree

Book Reviews, Books, Psychology /

While formal psychology education provides valuable theoretical foundations, the following ten carefully selected books offer profound insights into human behavior, cognition, and emotional well-being that often surpass what traditional academic programs deliver. Each work distills decades of research and practical experience into accessible, actionable wisdom that readers can immediately apply to better understand themselves and […]

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Middle-Class People Who Never Move Forward in Life Usually Display These 10 Patterns of Behavior

Middle-Class People Who Never Move Forward in Life Usually Display These 10 Patterns of Behavior

Success, Wealth /

Success isn’t determined by your starting point but by your development patterns. Many middle-class individuals possess the resources and opportunities to advance significantly, yet find themselves stuck in the same position year after year. The difference between those who break through to higher levels of success and those who remain stagnant often comes down to

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Warren Buffett's Portfolio Is Invested in these 5 Artificial Intelligence (AI) Stocks

Warren Buffett’s Portfolio Is Invested in these 5 Artificial Intelligence (AI) Stocks

AI, Investing, Stock Market, Stocks, Warren Buffett /

Warren Buffett, the legendary investor known as the Oracle of Omaha, has built his fortune by identifying undervalued companies with substantial competitive advantages. While he’s traditionally been cautious about technology investments, Berkshire Hathaway’s Q2 2025 portfolio reveals significant exposure to artificial intelligence through five major holdings. These investments demonstrate how Buffett applies his time-tested value

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People Who Build Wealth Use These 6 Powerful Force Multipliers

People Who Build Wealth Use These 10 Powerful Force Multipliers

Investing, Real Estate, Wealth /

What is a Force Multiplier? A force multiplier is a strategy or tool that amplifies your financial efforts to produce disproportionately larger results than direct effort alone. Unlike linear approaches, where doubling your effort doubles your results, force multipliers create exponential returns—where small, strategic actions compound into massive wealth accumulation over time. Instead of working

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The Fastest Way For Middle-Class People to Become a Millionaire According to Dave Ramsey

The Fastest Way For Middle-Class People to Become a Millionaire According to Dave Ramsey

Millionaire, Personal Finance /

Few voices carry as much weight when it comes to building wealth in America as Dave Ramsey. His systematic approach to financial freedom has transformed millions of lives, proving that ordinary people can achieve extraordinary wealth through disciplined action and proven principles. Here is Dave Ramsey’s fastest way for middle-class people to become a millionaire:

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5 Unusual Wealth-Building Habits That Indicate a High Level of Intelligence

5 Unusual Wealth-Building Habits That Indicate a High Level of Intelligence

Wealth /

Most people think wealth-building is about earning more, spending less, and investing wisely. While these fundamentals matter, truly intelligent wealth-builders operate differently. They engage in behaviors that might seem counterintuitive or wasteful to the average observer. These habits reveal a sophisticated understanding of systems, time, and opportunity beyond basic financial literacy. Individuals who accumulate significant

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Warren Buffet's 10 Investing Edges That Made Him Rich

Warren Buffet’s 10 Investing Edges That Made Him Rich

Investing, Warren Buffett /

Warren Buffett didn’t accidentally become one of the world’s wealthiest investors. The Oracle of Omaha built his fortune through analytical brilliance, emotional discipline, and structural advantages that few investors can replicate. His approach to investing has generated extraordinary returns for Berkshire Hathaway shareholders over decades, transforming a struggling textile company into a massive conglomerate. Understanding

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10 Minimalist Habits That Can Save the Middle Class Money

10 Minimalist Habits That Can Save the Middle Class Money

Personal Finance /

Rising living costs continue to squeeze middle-class families, making every dollar count more than ever. While dramatic lifestyle changes might seem overwhelming, small shifts toward minimalist habits can create substantial savings over time. The following ten practical strategies help reduce expenses without sacrificing quality of life, offering financial relief through intentional living choices. 1. Practice

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People Who Build Wealth Master These 5 Power Laws

People Who Build Wealth Master These 5 Power Laws

Business, Investing, Wealth /

Wealth creation isn’t random luck or genetic predisposition—it follows predictable mathematical patterns that govern everything from compound growth to market dynamics. These power laws, rooted in mathematical principles, explain why some people accumulate extraordinary wealth while others struggle financially. Understanding and applying these five fundamental power laws can transform your approach to building wealth. You

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How Warren Buffett Built a $1 Trillion Empire: His 10 Golden Rules

How Warren Buffett Built a $1 Trillion Empire: His 10 Golden Rules

Business, Investing, Warren Buffett /

Warren Buffett, the legendary “Oracle of Omaha,” is one of history’s most successful investors. Born in 1930, this 95-year-old investing and business genius has demonstrated that consistent application of sound principles can create extraordinary wealth. Buffett turned the struggling textile company Berkshire Hathaway into one of America’s most valuable corporations by repurposing it as an

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