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 Want To Become Millionaires Read These 10 Books

People Who Want To Become Millionaires Read These 10 Books

The proper knowledge can be your most valuable asset in pursuing a seven-figure net worth. Studies show that 85% of self-made millionaires read at least two books per month, while the average American reads less than one book yearly. The correlation between reading habits and wealth accumulation is no coincidence. These ten books represent the […]

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10 Ways A Middle-Class Mindset Keeps You Broke

10 Ways A Middle-Class Mindset Keeps You Broke

Many people work hard their entire lives yet struggle to build meaningful wealth. The issue often concerns income and the financial mindset guiding everyday decisions. While the middle class represents financial stability for many, specific financial behaviors can inadvertently prevent wealth building for this economic group. Understanding these limiting behaviors is the first step toward

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5 Wealth and Psychology Habits That Separate Rich from Poor

5 Wealth and Psychology Habits That Separate Rich from Poor

The psychological and behavioral differences between wealthy individuals and those who struggle financially often extend far beyond luck or circumstance. Research shows that specific mental frameworks and financial habits consistently appear among those who build and maintain wealth. This article explores five critical differences in mindset and behavior that create divergent financial trajectories. Let’s examine

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7 Millionaire Habits That Supercharge Wealth Creation

7 Millionaire Habits That Supercharge Wealth Creation

Wealth doesn’t happen by accident. Research consistently shows that most millionaires are self-made, not born into wealth. A common statistic is that over 79% of millionaires build wealth through hard work, smart financial decisions, and consistent habits. While economic success depends on many factors, certain behaviors consistently appear among those who successfully build and maintain

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The Book That Inspired A Young Warren Buffett That You Have Never Heard Of

The Book That Inspired A Young Warren Buffett That You Have Never Heard Of

1. The Forgotten Financial Manual That Shaped a Billionaire’s Mindset In the depths of the Great Depression, a practical guide to entrepreneurship was published that would go on to shape one of the greatest financial minds in history. “One Thousand Ways to Make $1000” by F.C. Minaker, released in 1936, found its way into the

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10 Alarming Predictions About the Future of Middle Class Jobs

10 Alarming Predictions About the Future of Middle Class Jobs by 2030

The middle class has long been considered the backbone of modern economies, providing stability and driving consumer spending. However, technological advancements, particularly in artificial intelligence and automation, rapidly transform the employment landscape. Based on current trends and expert analysis, the coming decade may bring unprecedented challenges to traditional middle-class careers. Here are ten concerning predictions

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5 Purchases Wealthy People Avoid: Because They Understand Math

5 Purchases Wealthy People Avoid: Because They Understand Math

Wealth creation isn’t just about making money—it’s about keeping it. The financially savvy understand that actual wealth building often comes down to what you don’t buy rather than what you do. While many aspire to live luxuriously, those with substantial wealth usually approach purchasing decisions through a mathematical lens, carefully weighing factors like depreciation, opportunity

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Warren Buffett's Single Biggest Mistake In His Investing Career

Warren Buffett’s Single Biggest Mistake In His Investing Career

Even the world’s most successful investor makes mistakes. In a stunning irony, Warren Buffett’s most considerable investment blunder wasn’t a bad stock pick or a missed opportunity in tech—it was purchasing the company that would become synonymous with his name: Berkshire Hathaway. This fateful decision, driven partly by emotion rather than sound business judgment, cost

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7 Certification-Based Jobs That Could Save Middle-Class Careers

7 Certification-Based Jobs That Could Save Middle-Class Careers

In today’s rapidly evolving job market, many middle-class careers face disruption from automation, artificial intelligence, and outsourcing. According to the World Economic Forum, technology may displace 85 million jobs by 2025. However, the same technological shifts create new opportunities for those willing to adapt. Certification programs offer an accessible path to stable, well-paying careers without

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Warren Buffett Reveals 5 Things Poor People Waste Money On

Warren Buffett Reveals 5 Things Poor People Waste Money On

Warren Buffett, one of the world’s most successful investors with a net worth of over $161 billion, is known for his investment acumen and frugal lifestyle. Despite his immense wealth, Buffett still lives in the house he bought in 1958 for $31,500, drives modest vehicles, and avoids wasteful spending. His financial wisdom offers valuable insights

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10 Books Wealthy Individuals Read That Changed Their Lives

10 Books Wealthy Individuals Read That Changed Their Lives

Reading has consistently been identified as a common habit among many of the world’s most successful and wealthy individuals. Beyond mere entertainment or casual learning, certain books have transformed how these people think about business, investing, and life. The right book at the right time can spark innovations, reshape decision-making frameworks, and ultimately alter the

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7 Middle-Class Jobs That Will Thrive While Others Disappear by 2033, According to the Bureau of Labor Statistics

7 Middle-Class Jobs That Will Thrive While Others Disappear by 2033, According to the Bureau of Labor Statistics

The Changing Landscape of Middle-Class Employment The American job market is undergoing a significant transformation. According to the Bureau of Labor Statistics (BLS), the U.S. economy will add 6.7 million jobs by 2033. However, this represents an annual growth rate of just 0.4%, considerably slower than the 1.3% yearly growth recorded over the previous decade.

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10 Investing Books Smarter Than Your Financial Advisor

10 Investing Books Smarter Than Your Financial Advisor

While financial advisors serve an essential role, the most successful investors are often self-educated through timeless literature that cuts through industry jargon and conflicts of interest. The ten books in this article below, written by market legends and innovative thinkers, offer investment wisdom that frequently surpasses generic financial advice. From Benjamin Graham’s value investing principles

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10 Money Habits that Make You Rich (Even with a Middle-Class Income)

10 Money Habits that Make You Rich (Even with a Middle-Class Income)

According to research from the National Study of Millionaires, nearly 79% of millionaires didn’t inherit their wealth—they built it through consistent habits over time. Building wealth isn’t necessarily about making six figures; it’s about implementing innovative financial practices that grow your wealth over decades. Whether you earn $50,000 or $80,000 a year, these habits can

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10 Things You Must Sacrifice If You Want to Build Wealth Quickly

10 Things You Must Sacrifice If You Want to Build Wealth Quickly

Building wealth quickly isn’t about finding a secret formula or overnight success. Instead, it’s about prioritizing financial growth over immediate comfort or convenience. While everyone’s financial journey differs, sacrifices consistently appear among those who successfully accelerate their wealth-building. This article explores ten essential trade-offs that can help you build wealth more rapidly than the average

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10 Books That Changed My Financial Life Forever

10 Books That Changed My Financial Life Forever

My goal was to dramatically change my financial trajectory when I picked up my first personal finance book 35 years ago. Before discovering these transformative books, I was trapped in a cycle of living paycheck-to-paycheck, accumulating debt, and constantly anxious about money. My journey to financial literacy began with a simple desire to stop worrying

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10 Money Habits That Will Ruin Your Ability to Build Wealth

10 Money Habits That Will Ruin Your Ability to Build Wealth

Building wealth isn’t just about making more money—it’s about developing good financial habits and avoiding destructive ones. Many people sabotage their financial futures without even realizing it. Daily spending, saving, and investing decisions can dramatically impact your long-term economic health. In this article, I will cover everyday money habits that prevent wealth-building and provide practical

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10 Middle-Class Jobs That AI Will Replace by 2030

10 Middle-Class Jobs That AI Will Replace by 2030

Artificial intelligence rapidly transforms the workplace, with significant implications for middle-class employment. While AI creates new opportunities, it threatens traditional roles that have long provided stable incomes and career paths. Based on analyses from organizations like the World Economic Forum, McKinsey, and Forbes, certain professions face substantial disruption by 2030. This article examines ten middle-class

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The Untold Financial Story of a Young Warren Buffett

The Untold Financial Story of a Young Warren Buffett

Long before becoming the “Oracle of Omaha” and one of the world’s wealthiest individuals, Warren Buffett was just a boy with an unusual fascination for numbers and business. His journey to financial stardom didn’t begin with massive investments or corporate takeovers but with simple ventures and a voracious appetite for knowledge that set him apart

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5 Terrible Things The Middle Class Wastes Money On According To Robert Kiyosaki

Robert Kiyosaki’s Top 5 Tips for Getting Wealthy

Financial independence remains one of the most sought-after goals for people worldwide, yet relatively few achieve it. Robert Kiyosaki, author of the international bestseller “Rich Dad Poor Dad,” which has sold over 40 million copies since its publication in 1997, has dedicated his career to teaching financial literacy. His straightforward approach challenges conventional wisdom about

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