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 Principles of Building Wealth the Middle Class Needs To Study (Eye-Opening)

10 Principles of Building Wealth the Middle Class Needs To Study (Eye-Opening)

Building wealth isn’t reserved for those born into privilege. The middle class has tremendous potential to create lasting financial security, yet many spend decades working without seeing their net worth grow substantially. The difference between those who build wealth and those who don’t comes down to understanding fundamental principles that wealthy individuals have practiced for […]

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10 Lessons Men Learn Too Late In Life, According To Epictetus (Stoicism)

10 Lessons Men Learn Too Late In Life, According To Epictetus (Stoicism)

The ancient Stoic philosopher Epictetus possessed a profound understanding of human nature. Born into slavery in Rome, he rose to become one of history’s most influential teachers. His wisdom remains startlingly relevant today, particularly for men who often discover life’s most essential truths only after years of struggle. These ten lessons from Epictetus reveal timeless

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How People Use The Pygmalion Effect to Build Wealth, According to Psychology

How People Use The Pygmalion Effect to Build Wealth, According to Psychology

The path to building substantial wealth isn’t just about financial literacy or market timing—psychology plays a surprisingly influential role in determining economic success. One of the most fascinating psychological phenomena that ambitious individuals leverage is the Pygmalion effect, a principle suggesting expectations can literally shape reality. Understanding the Pygmalion Effect The Pygmalion effect, first demonstrated

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People Who Are Middle-Class Millionaires Act Differently In These 5 Ways

People Who Are Middle-Class Millionaires Act Differently In These 5 Ways

When most people think of millionaires, they picture mansions, luxury cars, and designer wardrobes. However, there’s a quiet group of wealthy individuals who defy that stereotype. They’re called middle-class millionaires—self-made, first-generation wealthy people with a net worth between one and ten million dollars who didn’t inherit their money and don’t act like the millionaires you

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5 Small Mental Habits That Will Change Your Life Forever, According to Stoicism

5 Small Mental Habits That Will Change Your Life Forever, According to Stoicism

Most people chase happiness through external achievements—such as promotions, relationships, and possessions. Yet they still feel anxious, overwhelmed, and out of control. The ancient Stoics knew a secret: lasting transformation doesn’t come from changing your circumstances. It comes from rewiring your mind through small, daily mental habits. According to Stoicism—the ancient philosophy of Epictetus, Seneca,

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5 Strategies Rich People Use to Multiply Their Wealth: Tips for Building Wealth from Zero

5 Strategies Rich People Use to Multiply Their Wealth: Tips for Building Wealth from Zero

The path to wealth isn’t as mysterious as many people believe. While wealthy individuals certainly have advantages, the strategies they use to multiply their money are accessible to anyone willing to learn and apply them consistently. The difference between those who build lasting wealth and those who struggle financially often comes down to knowledge, discipline,

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7 Habits That Cause You to Outgrow Your Middle-Class Friends

7 Habits That Cause You to Outgrow Your Middle-Class Friends

Personal growth has an uncomfortable side effect: the habits that propel you forward financially often create distance from the people you grew up with. This isn’t about superiority—it’s about compounding choices. When you consistently make different decisions about time, money, and energy, you end up in a different mental, financial, and social state. The middle

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People Who Build Wealth Understand the Exponential Function in Math

People Who Build Wealth Understand the Exponential Function in Math

The difference between those who build lasting wealth and those who struggle financially often comes down to a single mathematical concept: the exponential function. While most people understand basic arithmetic, wealthy individuals grasp something far more powerful. They know that money doesn’t just accumulate over time; it multiplies. This fundamental insight transforms how they think

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7 Stoic Books Every Man Should Read

7 Stoic Books Every Man Should Read

Philosophy isn’t abstract theory—it’s a practical guide for living with purpose under pressure. Stoicism offers timeless wisdom for building resilience, clarity, and virtue in an unpredictable world. The ancient Stoics were emperors on battlefields, enslaved people turned teachers, and exiled statesmen who faced death with dignity. Their writings serve as field manuals for living with

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How to Ruin Your Middle-Class Lifestyle in 4 Simple Steps

How to Ruin Your Middle-Class Lifestyle in 4 Simple Steps

The middle-class lifestyle offers something valuable: stability, options, and breathing room. You can handle emergencies without panic and plan for the future without constant anxiety. Yet thousands of people destroy this strong financial foundation every year through quiet, consistent habits that slowly erode everything they’ve built. These financial failures feel normal in the moment—disguised as

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5 Ways the Upper Class Invest Money That Poor and Middle Class People Don't

5 Ways the Upper Class Invest Money That Poor and Middle Class People Don’t

The gap between the wealthy and everyone else isn’t just about income—it’s about mindset. While the middle and lower classes focus on earning more through more hours of work, the upper class plays a different game entirely. They invest in ways that create passive income, build long-term wealth, and offer tax advantages most people never

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10 Lessons Men Learn Too Late In Life, According to Marcus Aurelius

10 Lessons Men Learn Too Late In Life, According to Marcus Aurelius

Marcus Aurelius, the philosopher-emperor of Rome, wrote his private reflections in Meditations, offering timeless wisdom on living a meaningful life. Despite ruling one of history’s greatest empires, he grappled with anxiety, frustration, and the search for purpose. His insights reveal profound lessons most men understand only after years of struggle. 1. You Control Only Your

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5 Wealth Habits You Should Always Keep Private: The Stoic Guide to Personal Finance

5 Wealth Habits You Should Always Keep Private: The Stoic Guide to Personal Finance

In a world where social media encourages us to share every aspect of our lives, the ancient Stoics offer refreshing wisdom: some things are better kept to yourself. This is especially true when it comes to personal finance. The Stoic philosophers, including Marcus Aurelius and Seneca, understood that true wealth isn’t about external validation or

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10 Books Self-Made Millionaires Recommend That Most People Ignore

10 Books Self-Made Millionaires Recommend That Most People Ignore

The bookshelf of a self-made millionaire often looks different from what you’d expect. While everyone crowds around the latest business bestseller, those who’ve actually built substantial wealth recommend titles that gather dust in overlooked corners. These books don’t promise overnight success—they offer counterintuitive wisdom and uncomfortable truths that challenge conventional thinking about money. Here are

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5 Warren Buffett’s Rules to Help the Middle Class Become Rich

5 Warren Buffett Rules to Help the Middle Class Become Rich

Warren Buffett stands as one of history’s most successful investors, yet his approach to building wealth isn’t reserved for the ultra-wealthy. The Oracle of Omaha has consistently shared wisdom that directly applies to middle-class Americans seeking financial independence through common-sense principles rather than complex financial strategies. What makes Buffett’s guidance particularly valuable is his own

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7 Old Fashioned Habits We Need to Bring Back For Wealth Building

7 Old Fashioned Habits We Need to Bring Back For Wealth Building

In our world of instant gratification and one-click purchases, we’ve lost touch with financial practices that helped previous generations build lasting wealth. Digital payments and easy credit have disconnected us from the tangible reality of our finances. The good news? We can reclaim these time-tested habits and adapt them to contemporary life. These aren’t restrictive

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5 Assets Wealthy People Own That Most People Don’t Understand

5 Assets Wealthy People Own That Most People Don’t Understand

The fundamental difference between wealthy people and average earners isn’t income—it’s approach. While most focus on earning paychecks and spending on lifestyle, the wealthy concentrate on acquiring assets that generate revenue, appreciate over time, and don’t require constant personal effort. These assets create money while you sleep, and they’re often misunderstood or invisible to those

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Read These 7 Books and You will Never Lack Motivation Again

Read These 7 Books and You will Never Lack Motivation Again

Motivation isn’t something you’re born with—it’s a fire you learn to build and reignite when life tries to snuff it out. These seven books offer more than temporary inspiration; they provide frameworks and proven strategies to keep your inner drive burning bright through any challenge. 1. “Can’t Hurt Me” by David Goggins David Goggins delivers

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10 Terrible Things The American Middle Class Wastes Money on in 2025

10 Terrible Things The American Middle Class Wastes Money On In 2025

The American middle class faces a challenging financial landscape in 2025. While incomes have grown, so have the subtle ways money slips through the cracks. What makes these financial leaks particularly dangerous is that they feel normal or even necessary, making them harder to recognize and eliminate. These aren’t minor inconveniences—they’re systematic drains that compound

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