Steve Burns, Author at New Trader U

10 Secret Wealth-Building Lessons from Warren Buffett That Few Follow

With a net worth exceeding $156 billion, Warren Buffett is one of history’s most successful investors. Since taking control of Berkshire Hathaway in 1965, Berkshire Hathaway’s overall stock return from 1965 through 2023 was 4,384,748%. S&P 500’s overall return: The S&P 500’s overall gain for the same period (1965-2023) was 31,223% Yet despite his openness […]

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The 7 Mental Models Rich Traders Understand (That Retail Traders Never Learn)

Mental Models, Trading / Steve Burns

The gap between professional and retail trading performance isn’t just about access to information or capital—it’s primarily about how traders think. While the average retail trader loses money consistently, professional traders at hedge funds and prop firms generate profits through different market cycles. This difference stems mainly from the mental models they use to interpret

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The Best 10 Books for Building Strong Money Rules

Book Reviews, Books, Personal Finance / Steve Burns

In today’s complex financial landscape, having a solid understanding of personal finance is crucial for achieving financial security and success. To help you navigate this terrain, I’ve compiled a list of the 10 best books that offer strong money rules and practical advice. These books provide valuable insights, strategies, and frameworks to help you build

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Self-Made Millionaires Avoid These 10 Wealth-Destroying Decisions

If You Really Want to Be a Millionaire, You Must Avoid These 10 Wealth-Destroying Decisions

Wealth / Steve Burns

The path to millionaire status isn’t just about making money—it’s about making smart decisions with the money you have. While there’s no shortage of get-rich-quick schemes promising overnight success, true wealth-building is a methodical process requiring financial discipline and strategic choices. By identifying and avoiding the ten wealth-destroying decisions below, you’ll position yourself on the

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The Hidden Hormonal Triggers That Control Your Trading Decisions

Investing, Trading / Steve Burns

Behind every trade you make lies a complex web of biological influences that operate beneath conscious awareness. While you might attribute your financial decisions solely to rational analysis, the truth is far more nuanced. Your body’s hormonal responses—evolved over millennia to handle entirely different threats and opportunities than stock charts and volatility—significantly impact how you

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If You Really Want to Build Your First $100K Account, Follow These 7 Investing Rules

Investing, Wealth / Steve Burns

Reaching your first $100,000 in investments represents a significant milestone in your financial journey. According to many investment experts, the journey to your first $100K typically takes the longest, while subsequent $100K increments come more quickly, thanks to the power of compound returns. Research from Fidelity Investments shows that investors who reach this milestone are

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7 Old Money Books That Still Create Wealth Today (When Modern Advice Fails)

Book Reviews, Books, Wealth / Steve Burns

In an era of fleeting financial trends and quick-fix solutions, the enduring wisdom of classic wealth-building books stands out. These timeless writings offer principles that have weathered economic storms and societal shifts, proving their worth across generations. Let’s explore seven old money books that continue to teach people the principles of wealth-building today, even when

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7 Hidden Lessons Warren Buffett Teaches That Schools Ignore

Success, Warren Buffett / Steve Burns

Warren Buffett, CEO of Berkshire Hathaway and one of the world’s most successful investors, has amassed a fortune through disciplined investing and business skills. Yet his most valuable lessons extend far beyond finance. While traditional education focuses on standardized curricula and test scores, Buffett’s wisdom addresses fundamental principles that drive long-term financial and life success.

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The Self-Made Millionaire’s Reading List: 7 Books That Actually Work

Book Reviews, Books, Millionaire, Wealth / Steve Burns

Many aspiring millionaires turn to books for guidance and inspiration when pursuing financial success. While countless titles promise the secrets to wealth, only a few have consistently proven their worth. This carefully curated list below presents seven influential books that have helped self-made millionaires build their fortunes. Each book has helped lay the foundation for

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5 Rags-to-Riches Movies That Inspire Wealth-Building"

The 7 Greatest Rags-to-Riches Movies That Will Inspire You to Build Wealth

Wealth / Steve Burns

The journey from poverty to prosperity has been a compelling narrative throughout film history. These seven exceptional movies below entertain and provide valuable insights about perseverance, innovation, and the mindset required to create wealth. Each film tells a unique story of struggle and triumph, illustrating that determination and resilience make financial success possible. Here are

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The Hidden Reading List: 10 Books Self-Made Billionaires Secretly Love

Billionaires, Book Reviews, Books, Wealth / Steve Burns

In the world of self-made billionaires, reading is often a common thread that weaves through their journeys to success. Many of these influential figures attribute their knowledge, insights, and even their philosophies to the books they have read. This article explores ten books that self-made billionaires secretly love, providing insights into how these works have

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7 Signs Your Money Mindset is Keeping You From the Upper Class

Wealth / Steve Burns

The difference between those who achieve significant wealth and those who remain financially stagnant often has less to do with circumstances and more with mindset. While external factors certainly play a role, the psychological barriers we create around money can be the biggest obstacles to financial advancement in economic class. These invisible mental blocks shape

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The Truth About Manifesting Wealth (It’s Not What You Think)

The 10 Truths About Manifesting Wealth (It’s Not What You Think)

Wealth / Steve Burns

Recently, the concept of “manifesting wealth” has exploded in popularity. Countless books, courses, and social media influencers promise that visualizing abundance and maintaining positive thoughts will magically attract money into your life. The appeal is obvious—who wouldn’t want to think their way to financial freedom? Yet behind these seductive promises lies a more complex reality.

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6 Books That Build Wealth vs. 5 Books That Waste Your Time

Best books, Book Reviews, Books, Wealth / Steve Burns

In the vast sea of financial literature, some books stand out as beacons of wisdom, while others may lead you astray. This article explores six books that can help you build wealth and five that might waste your time and money. Let’s dive into these books and discover which ones are worth your investment. Books

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Warren Buffett Says This Is the Only Investment That Matters (And Most People Don’t Get It)

Success, Warren Buffett / Steve Burns

Warren Buffett’s name represents wisdom and success in business and investments. Known for his shrewd investment strategies and long-term approach to wealth building, Buffett has amassed a fortune that has made him one of the wealthiest individuals on the planet. However, his most valuable piece of advice might surprise you. It’s not about stock picks

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If You Really Want to Retire as a Middle-Class Millionaire, Do These Five Things

Retirement, Wealth / Steve Burns

The path to becoming a millionaire isn’t reserved for the elite or those born into wealth. For many middle-class Americans, reaching millionaire status by retirement is achievable through consistent, strategic decisions that compound over time. Here are five proven strategies for building lasting wealth through innovative planning, disciplined execution, and a long-term mindset. 1. Choose

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10 Ways to Use Stoicism to Manage Your Trading Psychology

Stoicism, Trading Psychology / Steve Burns

The volatility inherent in the markets can test even the most seasoned traders. Yet within the ancient wisdom of Stoic philosophy lie potent principles that can transform your approach to market psychology. By applying these timeless teachings to modern trading, you can develop stronger emotional regulation, more transparent decision-making, and a more sustainable approach to

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The 10 Psychological Traps That Secretly Keep You From Building Wealth

Wealth / Steve Burns

Most people dream of building wealth yet find themselves stuck in patterns that prevent financial growth. While external factors like market conditions and economic cycles play a role, internal psychological barriers often pose the most significant obstacles to financial success. Understanding and overcoming these mental blocks can make the difference between financial stagnation and prosperity.

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5 Things Middle-Class Americans Still Can’t Afford in 2025 Due to Inflation

Economics, Inflation / Steve Burns

As they navigate the economic landscape of 2025, middle-class Americans continue to face significant financial challenges. Despite some economic improvements, inflation has left many struggling to afford essential aspects of life that were once considered attainable. This article explores five key areas where middle-class families feel the pinch, highlighting the ongoing impact of rising costs

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7 Money Signs You’re Stuck in Middle-Class Thinking (And How to Break Free)

Personal Finance / Steve Burns

Financial freedom isn’t just about earning more money—it’s about transforming your relationship with money. Many people remain trapped in middle-class thinking patterns that limit their potential for building lasting wealth. These patterns often feel comfortable and normal, yet they create invisible barriers to financial growth. You can begin your journey toward greater financial success by

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Author name: Steve Burns