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.

Consistency Will Take You Places Where Motivation Can't

‘You Can’t Take It With You’: 5 Less-Frugal Money Habits to Adopt as You Get Older

Wealth /

Many people develop frugal habits that help them build financial security as they journey through life. These habits serve them well, allowing them to save for retirement, weather unexpected storms, and achieve their long-term goals. However, as we age and become more financially stable, we must balance saving for the future and enjoying the present. […]

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5 Essentials the Lower Middle Class Can't Afford Anymore Due to Inflation

5 Essentials the Lower Middle Class Can’t Afford Anymore Due to Inflation

Economics /

Inflation has become a pressing concern for many Americans, but its impact is particularly severe for the lower middle-class income bracket. This demographic, often characterized by households earning between $30,000 and $50,000 annually, is increasingly squeezed as the cost of living outpaces wage growth. Many lower middle-class families once maintained a modest yet comfortable lifestyle

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6 Poor Money Habits That Can Keep You Living Paycheck to Paycheck

6 Poor Money Habits That Can Keep You Living Paycheck to Paycheck

Personal Finance /

In today’s expensive world, managing finances can be challenging. Many people are caught in the cycle of living paycheck to paycheck, regardless of their income level. This financial strain often stems from poor money habits that, once identified and addressed, can lead to greater financial stability and freedom. In this article, we’ll explore six everyday

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Millennial's Net Worth- How to Know if You’re Poor, Middle-Class, Upper Middle-Class or Rich

Millennial’s Net Worth: How to Know if You’re Poor, Middle-Class, Upper Middle-Class or Rich

Wealth /

1. Understanding Millennial Net Worth Born between 1981 and 1996, millennials are now entering their prime earning years, ranging from their late 20s to early 40s. Understanding net worth becomes crucial as this generation navigates the complex financial landscape in 2024. Net worth is the total value of an individual’s assets minus their liabilities, providing

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The Psychology Behind Moving Average Strategies

The Psychology Behind Moving Average Strategies

Technical Analysis /

1. Understanding Moving Averages: A Trader’s Psychological Compass Moving averages are fundamental tools in technical analysis, serving as a psychological compass for traders navigating the complex world of financial markets. At their core, moving averages calculate the average price of an asset over a specified period, creating a smoothed line that helps identify trends and

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From Poor to Upper Class- 2 Habits That Change Your Financial Life

From Poor to Upper Class: 12 Habits That Change Your Financial Life

Wealth /

Financial transformation is not just a dream—it’s a reality that can be achieved through consistent habits and intelligent decisions. While systemic factors affect economic mobility, adopting certain financial habits can significantly improve your financial situation. This article explores 12 essential habits that can help you move from struggling financially to achieving upper-class status. By implementing

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The Science of Smart Spending- 7 Things Worth Buying for Long-Term Happiness

The Science of Smart Spending: 7 Things Worth Buying for Long-Term Happiness

Personal Finance /

Money can’t buy happiness—or can it? While the age-old adage suggests that wealth doesn’t equate to joy, recent research in psychology and behavioral economics paints a more nuanced picture. How we spend our money can significantly impact our long-term happiness and well-being. Welcome to the “smart spending” world, where strategic financial decisions can lead to

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