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.

15 Business Books Everyone Should Read

15 Business Books Everyone Should Read

In today’s fast-paced business landscape, staying ahead of the curve requires more than technical skills—it demands a deep understanding of leadership, innovation, and strategy. Numerous influential business books offer timeless insights and practical advice for entrepreneurs, managers, and professionals seeking to enhance their skills and knowledge. This article explores 15 such books, each providing unique […]

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The 5 Habits of Warren Buffett You Should Adopt

The 5 Habits of Warren Buffett You Should Adopt

Warren Buffett, often called the “Oracle of Omaha,” has built an extraordinary investment legacy. Berkshire Hathaway has delivered an average annual growth of approximately 20% since 1965. While his investment acumen is legendary, the habits that underpin his success are surprisingly accessible. Buffett’s net worth of over $166.7 billion wasn’t achieved through complex financial engineering

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10 Financial Lessons Middle-Class People Often Learn Too Late in Life

10 Financial Lessons Middle-Class People Often Learn Too Late in Life

Life’s financial journey often teaches its most valuable lessons through experience—sometimes, when it’s too late to benefit from the wisdom fully. Many middle-class individuals wish they had understood specific financial principles decades earlier. This article explores ten critical financial insights that, when learned early, can transform your financial trajectory. Let’s dive in. 1. Emergency Funds

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Only 2% Of People Have Hit This Wealth Goal and Why It Matters

Less Than 2% Of People Have Hit This Wealth Goal and Why It Matters

In an economic environment where many Americans struggle to save adequately for retirement, achieving a multi-seven-figure nest egg represents a remarkable milestone. If you have $2.5 million saved for retirement, you’re among a select group of Americans. According to an Employee Benefits Research Institute analysis of Federal Reserve data, only 1.8% of households have $2

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If You Really Want To Invest Like Warren Buffett, Follow These 10 Rules

If You Really Want To Invest Like Warren Buffett, Start Following These 10 Rules

Warren Buffett is one of history’s most successful investors, with a net worth exceeding $166 billion and a track record of outperforming the S&P 500 over several decades. While many investors attempt to replicate his success, few genuinely understand the disciplined principles that guide his investment decisions. The “Oracle of Omaha” hasn’t accumulated wealth through

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The Knowledge That Creates Wealth vs. The Beliefs That Keeps You Stuck

The Knowledge That Creates Wealth vs. The Beliefs That Keep You Stuck

Achieving financial prosperity isn’t just about working harder—it’s about understanding the principles that generate wealth and identifying the limiting beliefs that prevent it. This article explores the stark contrast between wealth-building knowledge and the mental barriers that keep many financially stuck. 1. Investment Principles vs. Money Is Hard to Earn The wealthy understand that investment

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5 Common Middle-Class Habits That Are Keeping You from Ever Getting Rich

5 Common Middle-Class Habits That Are Keeping You from Ever Getting Rich

The path to building wealth isn’t just about making more money—it’s about changing your relationship with money entirely. Many middle-class individuals work hard but are stuck in a financial rut despite earning decent incomes. The problem often lies not in how much they earn but in the financial habits they’ve developed. Let’s explore five everyday

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Are You Rich? Here’s the Net Worth You Need to Be Considered Poor, Middle Class, and Wealthy (2025)

Are You Rich? Here’s the Net Worth You Need to Be Considered Poor, Middle Class, and Wealthy (2025)

In today’s high-cost-of-living economy, understanding where you stand financially can be interesting and enlightening. The terms “poor,” “middle class,” and “wealthy” are often used to describe socioeconomic statuses, but what do these labels mean in terms of net worth? This article delves into each social class’s financial characteristics and challenges, providing a clear picture of

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10 Books Millionaires Swear By (But the Broke Ignore)

10 Books Millionaires Swear By (But the Broke Ignore)

Financial success often requires more than a solid understanding of economics or a lucrative career. It demands a mindset shift, skills, and a deep knowledge of personal finance and wealth creation. For decades, influential books have guided individuals toward financial freedom by offering insights into the psychology of wealth, effective communication, and strategic investing. This

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People with a Success Mindset Don’t Waste Time on These 5 Things, According to Warren Buffett

People with a Success Mindset Don’t Waste Time on These 5 Things, According to Warren Buffett

Warren Buffett is one of the most remarkable success stories in business history. With a net worth of over $164 billion and a career spanning over seven decades, Buffett has become known as the “Oracle of Omaha” for his investment wisdom and business acumen. Buffett’s philosophy is particularly valuable because it focuses on what successful

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How Warren Buffet Gets His Edge in Investing

How Warren Buffet Gets His Edge in Investing

Few investors have achieved the legendary status of Warren Buffett, whose disciplined approach over more than six decades has delivered extraordinary returns to Berkshire Hathaway shareholders. Buffett’s success is fascinating because his investment principles aren’t secret—he shares them openly in annual letters and meetings. Yet few have matched his performance. This article explores the multifaceted

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The 7 Greatest Books for Investing and Money (Ranked)

The 7 Greatest Books for Investing and Money (Ranked)

Investing and managing money effectively requires knowledge and discipline. Over the years, several books have stood out as essential guides for investors and individuals seeking financial literacy. These books offer timeless wisdom, practical strategies, and insights into the psychology of investing, making them invaluable resources for anyone interested in building wealth or securing financial stability.

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10 Ways the Wealthy Save Money That Poor and Middle Class People Don’t

10 Ways the Wealthy Save Money That Poor and Middle-Class People Don’t

Financial habits can differ dramatically across economic classes. While many assume the wealthy just earn more and spend more, they often approach money management with fundamentally different strategies. They use many money-saving approaches to preserve their wealth and frequently expand it. By understanding these strategies, even those with modest means can adapt certain principles to

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Warren Buffett Breaks Down How He Would Invest if He Had to Start Again With $1 Million

Warren Buffett Breaks Down How He Would Invest if He Had to Start Again With $1 Million

Few names in investing carry as much weight as Warren Buffett. The Oracle of Omaha, known for transforming Berkshire Hathaway from a struggling textile mill into one of the most valuable companies in the world, has consistently demonstrated an uncanny ability to identify undervalued opportunities. But what if this legendary investor had to start over?

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Economics Explained: 10 Money Habits Keeping You Poor

Economics Explained: 10 Money Habits Keeping You Poor

Money habits shape our financial futures in profound ways. Our daily money decisions can either propel us toward prosperity or keep us trapped in cycles of financial insecurity. This article explores ten everyday money habits that economic principles suggest contribute to ongoing financial struggles. Here are the top ten money habits that keep people poor

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10 Rare Wealth-Building Habits the Middle Class is Missing

10 Rare Wealth-Building Habits the Middle Class is Missing

Traditional financial advice has failed millions of middle-class Americans despite decades of budgeting, saving, and retirement planning. The wealth gap continues to widen not because of income differences alone but because of uncommon habits that wealthy individuals practice, which rarely appear in mainstream financial guidance. These ten habits represent fundamental shifts in approaching earning, spending,

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10 Signs You’re Moving from Middle Class to Wealthy

10 Signs You’re Moving from Middle Class to Wealthy

Wealth isn’t just about a specific number in your bank account—it’s a gradual evolution in how you think about and interact with money. The transition from middle class to wealthy status often happens subtly through shifting behaviors, priorities, and opportunities. If you’ve been diligently building your financial foundation, you might notice some telltale signs indicating

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10 Powerful Signs Warren Buffett is an Introvert (And How It Made Him Billions)

10 Powerful Signs Warren Buffett is an Introvert (And How It Made Him Billions)

Warren Buffett is a powerful counterexample in a business world that often celebrates extroverted personalities. The “Oracle of Omaha” has amassed one of history’s greatest fortunes while embodying many classic introvert traits. What’s remarkable is not just that Buffett succeeded despite being an introvert but that his introversion has been instrumental to his success. His

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7 Books Everyone in Their 20's Should Read

7 Books Everyone in Their 20’s Should Read

Your twenties can be a transformative decade filled with opportunities for growth, exploration, and self-discovery. Many young adults are navigating the transition from adolescence to adulthood, making decisions that can shape their future careers, relationships, and personal development. Reading the right books during this journey can provide invaluable insights and strategies to help navigate life’s

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7 Odd Behaviors That Point to an Extremely High Financial IQ

7 Odd Behaviors That Point to an Extremely High Financial IQ

Most assume financial intelligence is about memorizing complex investment strategies or having a finance degree. Those with genuinely high financial IQs often display behaviors that seem odd or counterintuitive to the average person. These individuals approach money differently, making decisions that might appear strange until you understand the sophisticated thinking behind them. Whether you’re looking

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