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.

People Who Build Wealth in the Stock Market Do These 7 Things Consistently

People Who Build Wealth in the Stock Market Do These 7 Things Consistently

Investing, Wealth /

Building lasting wealth in the stock market isn’t about getting lucky with the next hot stock tip or perfectly timing market swings. Investors who consistently grow their portfolios over time share everyday habits that distinguish them from those who struggle to make progress. These aren’t complicated strategies reserved for financial experts, but relatively straightforward principles […]

People Who Build Wealth in the Stock Market Do These 7 Things Consistently Read More »

People Who Escape the Middle Class Use These 5 Steps

People Who Escape the Middle Class Use These 5 Steps

Personal Finance, Success /

The middle class often represents stability, but for many, it also represents a ceiling. Those who break through and achieve financial freedom don’t rely on luck or inheritance—they follow a deliberate path that separates them from the masses. Here are the five steps people use to escape the middle-class trap and build life-changing wealth. 1.

People Who Escape the Middle Class Use These 5 Steps Read More »

People Who Build Real Wealth Don’t Waste Their Energy on These 5 Activities

People Who Build Real Wealth Don’t Waste Their Energy on These 5 Things

Time Management, Wealth /

Building real wealth isn’t just about making money—it’s about how you manage your most precious resources: time, energy, and attention. While most people focus solely on income generation, those who achieve lasting financial success understand something more fundamental. They recognize that certain activities drain these finite resources without providing meaningful returns. The difference between those

People Who Build Real Wealth Don’t Waste Their Energy on These 5 Things Read More »

5 Books That Will Make You Smarter Than 98% of People

5 Books That Will Make You Smarter Than 98% of People

Best books, Book Reviews, Books, Intelligence /

In a world drowning in information, intelligence isn’t about knowing more facts—it’s about thinking better. Most people consume content passively, never questioning their reasoning or examining the mental frameworks guiding their decisions. By reading the right books and genuinely absorbing their insights, you can develop cognitive advantages that most people will never possess. The five

5 Books That Will Make You Smarter Than 98% of People Read More »

Warren Buffett: 7 Things the Middle Class Waste Money On

Warren Buffett: 7 Things the Middle Class Waste Money On

Personal Finance, Warren Buffett /

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has amassed a fortune exceeding $150 billion through disciplined investing and meticulous financial management. What makes his financial wisdom particularly valuable is that, despite his immense wealth, he still lives in the same modest Omaha house he purchased in 1958 for $31,500. His approach to

Warren Buffett: 7 Things the Middle Class Waste Money On Read More »

I Read 10 Psychology Books to Learn These 10 Lessons

I Read 10 Psychology Books to Learn These 10 Lessons

Best books, Book Reviews, Books, Psychology /

The human mind is endlessly fascinating, and diving into psychology books offers a window into understanding why we think, feel, and behave the way we do. After reading ten influential psychology books, I discovered profound lessons that have changed how I view myself and others. These aren’t just abstract concepts confined to academic journals—they’re practical

I Read 10 Psychology Books to Learn These 10 Lessons Read More »

5 Terrible Things People Must Stop Buying If They Want to Be Wealthy

5 Terrible Things People Must Stop Buying If They Want to Be Wealthy

Wealth /

Building wealth isn’t just about earning more—it’s about making smarter decisions with the money you already have. Many people work hard their entire lives yet never achieve financial security because they consistently purchase items that drain their resources rather than build them. The wealthy understand a fundamental principle: every dollar spent is a dollar that

5 Terrible Things People Must Stop Buying If They Want to Be Wealthy Read More »

5 Things Middle-Class People Think Are Status Symbols But Self-Made Millionaires Know Are Not

5 Things Middle-Class People Think Are Status Symbols But Self-Made Millionaires Know Are Not

Personal Finance, Wealth /

The gap between appearing wealthy and actually being wealthy is wider than most people realize. While the middle class often focuses on acquiring visible symbols of success, self-made millionaires typically take a completely different approach. They understand that true wealth isn’t about showcasing success through expensive purchases but rather about building assets that grow over

5 Things Middle-Class People Think Are Status Symbols But Self-Made Millionaires Know Are Not Read More »

People Who Build Real Wealth Don’t Waste Money on These 5 Things

People Who Build Real Wealth Don’t Waste Money on These 5 Things

Personal Finance, Wealth /

Building genuine wealth isn’t just about earning a massive salary or winning a lottery jackpot. It’s about making smart decisions with the money you have, regardless of how much comes in each month. The truly wealthy understand that accumulating assets requires discipline, patience, and the ability to say no to purchases that drain resources without

People Who Build Real Wealth Don’t Waste Money on These 5 Things Read More »

5 Everyday Things The Middle Class Can't Afford Anymore

5 Everyday Things The American Middle Class Can’t Afford Anymore

Personal Finance /

The American middle class once represented the backbone of economic stability—families who could afford a home, a reliable car, quality education, and a comfortable retirement. Today, that reality has shifted dramatically. What were once standard middle-class milestones have become increasingly out of reach, even for dual-income households. The gap between wages and the cost of

5 Everyday Things The American Middle Class Can’t Afford Anymore Read More »

5 Things To Buy To Be Wealthier, According To Financial History

5 Things To Buy To Be Wealthier, According To Financial History

Wealth /

Building lasting wealth isn’t about luck or timing the market perfectly. Throughout financial history, certain purchases have consistently separated those who make substantial wealth from those who struggle financially. The key difference often comes down to how people spend their money. While consumer purchases depreciate immediately, wealth-building purchases either appreciate over time, generate ongoing income,

5 Things To Buy To Be Wealthier, According To Financial History Read More »

5 Things The American Middle Class Must Stop Buying According To Dave Ramsey

5 Things The American Middle Class Must Stop Buying According To Dave Ramsey

Personal Finance /

Dave Ramsey has built his reputation as one of America’s most trusted financial advisors by delivering straightforward advice that challenges conventional spending wisdom. His core philosophy centers on a simple but powerful principle: if you can’t afford to pay cash for something, you really can’t afford it. Through his radio show, books, and financial coaching

5 Things The American Middle Class Must Stop Buying According To Dave Ramsey Read More »

Charlie Munger Investment Strategy: 8 Principles Every Investor Should Know

Charlie Munger’s Investment Strategy: 8 Principles Every Investor Should Know

Investing /

The late Charlie Munger, the legendary vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, built one of the most impressive investment track records in history. While Buffett often receives the spotlight, Munger’s influence on modern value investing is profound and transformative. His principles shifted Buffett’s approach from buying mediocre companies at bargain

Charlie Munger’s Investment Strategy: 8 Principles Every Investor Should Know Read More »

People Who Build Real Wealth Don’t Waste Time on These 5 Myths

People Who Build Real Wealth Don’t Waste Time on These 5 Myths

Psychology /

Building genuine wealth isn’t about luck, inheritance, or wild gambles—it’s about understanding fundamental money principles and avoiding misconceptions that keep most people from achieving financial independence. While many struggle financially despite good incomes, a smaller group steadily accumulates wealth by focusing on what actually works and ignoring popular myths. The difference between those who build

People Who Build Real Wealth Don’t Waste Time on These 5 Myths Read More »

Middle-Class People Who Want to Be Happy Should Remove These 10 Words From Their Vocabulary

Middle-Class People Who Want to Be Happy Should Remove These 10 Words From Their Vocabulary

Psychology /

The words we use shape our reality more than most realize. Language isn’t just a communication tool—it’s the framework through which we interpret experiences, set expectations, and define limitations. For middle-class individuals navigating career advancement, financial stability, and personal fulfillment, certain words become silent saboteurs of happiness. The middle-class experience involves unique pressures: balancing ambition

Middle-Class People Who Want to Be Happy Should Remove These 10 Words From Their Vocabulary Read More »

The Hidden Social Class Rules For the Poor, Middle Class, and Wealthy

The Hidden Social Class Rules For the Poor, Middle Class, and Wealthy

Personal Finance, Success, Wealth /

Every social class operates by an invisible playbook—unwritten rules that govern everything from how money is handled to what drives personal ambition. These hidden frameworks shape worldviews, influence daily decisions, and create cultural divides that often go unrecognized. Understanding these distinctions isn’t about perpetuating stereotypes but illuminating how people from different economic backgrounds navigate the

The Hidden Social Class Rules For the Poor, Middle Class, and Wealthy Read More »

5 Things To Buy To Be Happier, According To Charlie Munger

5 Things To Buy To Be Happier, According To Charlie Munger

Psychology, Success /

The late Charlie Munger, Warren Buffett’s legendary business partner, built a fortune worth billions yet lived with remarkable simplicity. His unconventional views on happiness focused not on luxury or status symbols, but on a handful of essential investments that compound in value over a lifetime. His wisdom offers a refreshing counterpoint to consumer culture and

5 Things To Buy To Be Happier, According To Charlie Munger Read More »

Dave Ramsey Refuses To Spend Money On These 4 Things

Dave Ramsey Refuses To Spend Money On These 4 Things

Personal Finance /

Dave Ramsey has built his reputation as one of America’s most trusted financial advisors by challenging conventional spending wisdom. His straightforward approach to money management has helped millions break free from debt and build lasting wealth. Understanding what he refuses to spend money on reveals the core principles that guide his financial philosophy. These four

Dave Ramsey Refuses To Spend Money On These 4 Things Read More »