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 Don’t Waste Time on These 5 Mindsets

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

The journey to financial success is as much about mindset as money management. While investment strategies and saving habits are crucial, the psychological foundation upon which wealth is built often separates those who achieve financial freedom from those who struggle. Wealthy individuals share common thought patterns that enable them to make better financial decisions, take […]

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These Are the Best Psychology Books I’ve Read So Far

These Are the Best Psychology Books I’ve Read So Far

Psychology books have been instrumental in my journey of self-discovery and understanding human behavior. They’ve provided me with frameworks to make better decisions, build stronger relationships, and navigate life’s challenges with greater awareness. The nine books I will share in this article have fundamentally changed how I see the world and interact with others. Each

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Warren Buffett’s 10 Pieces of Advice For Investors

Warren Buffett’s Best 10 Pieces of Advice For Investors

Warren Buffett, often called the “Oracle of Omaha,” has amassed a fortune through disciplined investing and business acumen. His principles have guided countless investors through market cycles, economic downturns, and periods of irrational exuberance. This article explores ten key pieces of wisdom from one of history’s greatest investors—advice that remains as relevant today as when

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5 Essential Books Every Aspiring Millionaire Should Read

5 Essential Books Every Aspiring Millionaire Should Read

The path to financial success isn’t paved with luck alone—it requires knowledge, mindset shifts, and strategic action. While there’s no shortcut to wealth, the proper guidance can dramatically accelerate your journey. These five books represent different approaches to wealth creation, from mindset conditioning to practical investment strategies. What makes them powerful isn’t just the information

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7 Subtle Red Flags You’re in the Wrong Career for Building Wealth

7 Subtle Red Flags You’re in the Wrong Career for Building Wealth

Building wealth goes far beyond simply earning a high salary. It encompasses creating sustainable financial growth, developing valuable assets, and establishing income streams that can compound over time. While personal finance habits play a crucial role, your career path may create invisible barriers to wealth accumulation. Many professionals feel financially stuck despite working hard and

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Middle-Class People Living Paycheck to Paycheck Have These 7 Bad Habits

Middle-Class People Living Paycheck to Paycheck Have These 7 Bad Habits

Despite earning decent incomes, nearly half of American adults report living paycheck to paycheck, according to a 2024 Bank of America survey. Specifically, 47% of respondents in the third quarter of 2024 indicated they felt this way. Even more surprising is that this financial struggle isn’t limited to lower income brackets—multiple studies show that approximately 36%

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People Who Build Wealth Invest In These 10 Assets

People Who Build Wealth Invest In These 10 Assets

Building wealth isn’t about luck or timing the market perfectly—it’s about consistently investing in assets that grow over time. Successful wealth builders understand that diversification across multiple asset classes provides growth opportunities and protection against market volatility. Here are the ten key assets that form the foundation of most wealth-building strategies: 1. Stocks (Equities) Stocks

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Middle Class Mistakes: 5 Warren Buffett Tips to Fix Your Finances

Middle Class Mistakes: 5 Warren Buffett Tips to Fix Your Finances

The Oracle of Omaha’s wisdom isn’t just for billionaires. Warren Buffett’s timeless financial principles can help anyone escape the paycheck-to-paycheck cycle and build lasting wealth. While the middle class faces unique economic challenges, the following five Buffett-inspired strategies offer a roadmap to financial success. Let’s dive into each piece of his financial advice. 1. Pay

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5 Books to Build a Strong Mindset

5 Books to Build a Strong Mindset

In today’s fast-paced, unpredictable world, mental resilience has become more crucial than ever. Whether you’re navigating career challenges, personal setbacks, or global uncertainties, the strength of your mindset determines how you respond to life’s inevitable obstacles. A strong mindset isn’t unaffected by difficulties—it’s about developing the mental tools to face challenges head-on, learn from failures,

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Warren Buffett’s 10 Step Stock-Picking Formula: What to Look for in 2025

Warren Buffett’s 10 Step Stock-Picking Formula: What to Look for in 2025

Warren Buffett’s investment philosophy has created extraordinary wealth over decades, transforming Berkshire Hathaway from a struggling textile company into one of the world’s most valuable corporations. While Buffett has never formally outlined a rigid “10-step formula,” his consistent principles and methodologies reveal a clear framework investors can follow. This comprehensive guide breaks down Buffett’s approach

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