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.

5 Pieces of Financial Advice That Is Designed to Keep You Middle Class

5 Pieces of Financial Advice That Are Designed to Keep You Middle-Class

What if the financial advice you’ve followed your entire life keeps you trapped in the middle class? While conventional wisdom sounds safe and sensible, much of it serves to maintain the status quo rather than build true wealth or lead to financial freedom at a reasonable age. The advice that creates comfortable employees often fails […]

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10 Unusual Traits That Predict Whether You'll Become Wealthy or Stay Broke

10 Unusual Traits That Predict Whether You’ll Become Wealthy or Stay Broke

Building wealth isn’t just about intelligence, education, or starting capital. Recent psychological research reveals specific personality traits and behavioral patterns that consistently predict financial success. Here are 10 unusual characteristics that separate those who build wealth from those who stay broke. (These are based on psychological research and behavioral patterns of financially successful individuals). How

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If You Understand These 3 Financial Concepts, You’re Already Ahead of 90 of the Middle Class

If You Understand These 3 Financial Concepts, You’re Already Ahead of 90% of the Middle Class

The gap between financial understanding and financial success often comes from grasping fundamental concepts that most people never truly learn. While many Americans can balance a checkbook or create a budget, the deeper principles of wealth-building remain mysteries to most of the middle class. These three concepts separate those who build lasting wealth from those

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10 Bad Habits That Will Keep You Poor, Broke, and Unhappy In Life

10 Bad Habits That Will Keep You Poor, Broke, and Unhappy In Life

Success and wealth aren’t just about what you do—they’re equally about what you avoid doing. The habits that keep people trapped in cycles of financial struggle and unhappiness are often subtle, deeply ingrained patterns that feel comfortable in the moment but devastate long-term potential. Ten keystone habits will simultaneously keep you poor, broke, and unhappy

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4 Simple Rules for Getting Rich You Were Never Taught In School

4 Simple Rules for Getting Rich You Were Never Taught In School

Traditional education teaches us to follow instructions, earn good grades, and land steady jobs. Yet despite decades of schooling, most people graduate without understanding the fundamental principles that build wealth. The educational system prepares us to be employees rather than wealth builders, focusing on earning money instead of making money work for us. This disconnect

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Warren Buffett’s 5 Self-Discipline Principles for Wealth Building

Warren Buffett’s 5 Self-Discipline Principles for Wealth Building

Warren Buffett, the legendary investor known as the “Oracle of Omaha,” has built one of the greatest fortunes in history through disciplined investing and unwavering principles. His wealth-building philosophy isn’t based on complex financial instruments or market timing but on fundamental self-discipline practices that anyone can adopt. These principles have guided Buffett through decades of

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How AI is Causing a Middle-Class White Collar Job Disaster in 2025

How AI is Causing a Middle-Class White Collar Job Disaster in 2025

Concerns about AI causing widespread job losses among middle-class, white-collar workers have become a major topic of discussion and media coverage in 2025, with significant increases in related search activity and public debate.  This surge in interest reflects growing public anxiety about artificial intelligence’s impact on professional employment. Industry leaders have issued increasingly stark warnings

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Wealthy People Think Differently—Here Are 5 Thought Patterns That Separate Them

Wealthy People Think Differently—Here Are 5 Thought Patterns That Separate Them

What often separates those who build lasting wealth from those who struggle financially isn’t income, education, or luck—it’s how they think about money and opportunities. Research reveals that wealthy people have developed specific mental frameworks that guide their choices, which aren’t genetic traits or mysterious secrets. They’re learnable mindsets anyone can develop. The distinction becomes

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7 High Income Skills of the Top 1%

7 High Income Skills of the Top 1%

According to recent tax data, the top 1% of earners in the United States are individuals making approximately $800,000 or more annually. These high earners don’t simply work harder—they possess specific skills that create disproportionate value in the marketplace. While traditional employment often involves trading time for money, top earners have mastered skills that leverage

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5 Paths to Financial Freedom the Middle Class Still Think Are Too Risky

5 Paths to Financial Freedom the Middle Class Still Think Are Too Risky

The middle class is often caught between financial security and actual wealth building. While many aspire to financial freedom, deeply ingrained risk aversion prevents them from pursuing strategies that could accelerate their journey to financial independence. Though perceived as dangerous territory, these five paths represent legitimate wealth-building opportunities when approached with proper planning and education.

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5 Financial Freedom Paths Rich People Use That Schools Never Teach You

5 Financial Freedom Paths Rich People Use That Schools Never Teach You

Traditional education teaches us to work hard, save money, and retire at 65. While these principles have merit, they often fail to create true financial freedom. Wealthy individuals understand that building sustainable wealth requires fundamentally different strategies than what’s taught in conventional classrooms. These five approaches below focus on developing systems that generate income without

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People Who Build Wealth Follow These 10 Self-Control Rules

People Who Build Wealth Follow These 10 Self-Control Rules

Building wealth isn’t about earning a massive salary or getting lucky with investments. The most successful wealth builders share a common trait: exceptional self-control. They consistently make decisions that prioritize long-term financial growth over immediate gratification. These individuals follow specific behavioral rules that separate them from those who struggle financially despite earning decent incomes. The

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The 5 Top Ways To Become a Millionaire According to Math

The 5 Top Ways To Become a Millionaire According to Math

Becoming a millionaire isn’t just a dream—it’s a mathematical equation with proven solutions. While many believe millionaire status requires luck, inheritance, or extraordinary circumstances, the data reveals a different story. Mathematical principles and compounding formulas provide clear pathways to seven-figure wealth, regardless of your starting point. Decades of financial data validate these strategies, and they

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10 Signs That You Will Become A Wealthy Man One Day

10 Signs That You Will Become A Wealthy Man One Day

Wealth isn’t just about luck or inheritance. Self-made millionaires share remarkably similar traits and behaviors that set them apart from the average person. These characteristics often emerge early in life and are reliable predictors of future financial success. If you recognize these signs in yourself, you may already be on the path to building substantial

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5 Horrible Things The Middle Class Wastes Money On According To Warren Buffett

5 Horrible Things The Middle Class Wastes Money On, According To Warren Buffett

Warren Buffett, the Oracle of Omaha, has built his fortune through disciplined spending and smart investing. While most people focus on his investment strategies, his approach to personal finance offers equally valuable lessons for middle-class Americans. Throughout his decades of public speaking and shareholder letters, Buffett has consistently warned against certain spending habits that destroy

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5 Mathematically Sound Wealth Building Purchases

5 Mathematically Sound Wealth Building Purchases

Building wealth requires strategic purchases that leverage mathematical principles like compounding gains, capital appreciation, and income generation. The key lies in prioritizing investments with strong historical returns while minimizing risk through diversification. These five mathematically sound purchases below can transform your financial future when implemented consistently over time. 1. Index Funds and ETFs: Harness the

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10 Professional Skills You Must Develop To Survive The AI Job Revolution

10 Professional Skills You Must Develop To Survive The AI Job Revolution

The AI Revolution Is Here: Are You Ready? Workplace transformation is no longer a distant possibility—it’s happening now. According to the World Economic Forum’s Future of Jobs Report 2025, artificial intelligence will create 170 million new jobs while displacing 92 million by 2030. This represents a fundamental shift in work, not the apocalyptic job destruction

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5 Middle-Class Jobs That Won’t Exist in 5 Years Due to the AI Revolution

5 Middle-Class Jobs That Won’t Exist in 5 Years Due to the AI Revolution

The artificial intelligence revolution is reshaping the employment landscape at an unprecedented pace. While previous technological advances primarily affected manufacturing and manual labor, AI now targets knowledge-based professions that have long been considered secure middle-class careers. These positions, which typically require education and specialized training, are increasingly vulnerable to automation as AI systems become more

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People Who Build Wealth Follow These 5 Powerful Laws of Money

People Who Build Wealth Follow These 5 Powerful Laws of Money

Building wealth isn’t about earning the highest salary or getting lucky with investments. The individuals who consistently accumulate significant wealth follow specific financial principles that create systematic advantages over time. These aren’t complex strategies reserved for financial experts—they’re disciplined habits anyone can develop and maintain throughout their wealth-building journey. 1. The Law of Strategic Leverage:

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