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.

10 Books Warren Buffett Thinks Everyone Should Read

10 Books Warren Buffett Thinks Everyone Should Read

Warren Buffett, one of the most successful investors in history, has long emphasized the importance of reading in shaping his investment philosophy and business acumen. Over the years, he has recommended numerous books that have influenced his approach to investing, business, and life. These books offer valuable insights into Buffett’s thinking and provide readers with […]

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These 10 Brutal Truths About Middle-Class Money Habits Will Help You Get Your Finances Together

These 10 Brutal Truths About Middle-Class Money Habits Will Help You Get Your Finances Together

Do you consider yourself financially stable yet constantly wonder why your bank account doesn’t reflect it? You’re not alone. Many middle-class households maintain habits that sabotage their financial progress. Let’s examine the uncomfortable financial truths holding the middle class back and how to overcome them. 1. You’re Spending Too Much on Status Symbols That Depreciate

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10 Passive Income Ideas for Building Wealth in Your Sleep

10 Passive Income Ideas for Building Wealth in Your Sleep

Passive income—money earned with minimal ongoing effort—offers a path to financial freedom and long-term wealth building. Here are ten proven strategies to generate income while you sleep. 1. Dividend-Paying Stocks Dividend stocks provide regular cash distributions from company profits. Focusing on dividend aristocrats—companies like Johnson & Johnson and Procter & Gamble that have increased dividends

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10 Subtle Ways to Spot a “Quiet Millionaire”

10 Subtle Ways to Spot a “Quiet Millionaire”

In a world where wealth is often associated with flashy cars, designer clothes, and lavish mansions, a different breed of wealthy individuals prefer to keep their financial status under the radar. These “quiet millionaires” have mastered the art of stealth wealth, building substantial fortunes while living seemingly ordinary lives. Here’s how to spot these financially

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10 Habits Of The Wealthy Vs The Broke (Financial Literacy)

10 Habits Of The Wealthy Vs The Broke (Financial Literacy)

Financial success rarely happens by accident. Research consistently shows wealth accumulation is more closely tied to daily habits than inheritance or luck. According to Thomas C. Corley, who spent five years studying the habits of the rich and poor, many self-made millionaires read two or more books per month. In contrast, only a tiny fraction

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5 Signs You Have Lost the Middle Class Lifestyle

5 Signs You Have Lost the Middle-Class Lifestyle

The “middle-class lifestyle” concept has been a cornerstone of American economic identity for generations. It traditionally represented financial stability, homeownership, access to healthcare and education, and the ability to enjoy occasional leisure activities. However, this lifestyle has become increasingly difficult for many Americans in recent years. Economic shifts, rising costs, and stagnant wages have created

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10 Skills You Need To Develop If You Want To Be Wealthy (2025)

10 Skills You Need To Develop If You Want To Be Wealthy (2025)

Building wealth requires more than working hard or making lucky investments in today’s rapidly evolving economic landscape. The path to financial success in 2025 increasingly depends on developing specific skills that position you to recognize opportunities, make sound decisions, and adapt to changing market conditions. The following ten skills represent the most essential capabilities you

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Warren Buffett's Top 5 Tips To Become The First Millionaire In Your Family

Warren Buffett’s Top 5 Tips To Become The First Millionaire In Your Family

Did you know that 88% of millionaires in America are self-made, based on studies? That’s right—they didn’t inherit their wealth. Warren Buffett, worth approximately $165 billion, is perhaps the most famous example of building extraordinary wealth through wise investing and financial discipline starting at a young age. Despite his massive fortune, Buffett still lives in

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7 Things the Middle Class Must Stop Buying Due to Tariffs in 2025

7 Things the Middle Class Must Stop Buying Due to Tariffs in 2025

The New Economic Reality: How 2025 Tariffs Are Reshaping Middle-Class Spending The 2025 tariff landscape has dramatically altered the purchasing proposition for middle-class Americans. With a 10% universal tariff now in place alongside country-specific tariffs (China at 34%, Vietnam at 46%, and Bangladesh at 37%, etc.), everyday purchases will become increasingly expensive as they take

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4 Warren Buffett Hobbies That Science Says Will Make You Smarter

4 Warren Buffett Hobbies That Science Says Will Make You Smarter

With a net worth exceeding $167 billion and an investment track record over six decades, Warren Buffett remains one of the sharpest minds in business at 94. While many attribute his success to his investment philosophy and business acumen, his choice of leisure activities might play an essential role in maintaining his cognitive edge. The

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The 10 Real Reasons the Poor Stay Poor and the Middle Class Doesn’t Become Wealthy

The 10 Real Reasons the Poor Stay Poor and the Middle Class Doesn’t Become Wealthy

In a world where financial success seems increasingly elusive for many, understanding the barriers to wealth accumulation is essential. Despite working hard and harboring dreams of financial freedom, millions find themselves trapped in cycles of financial struggle. This article explores the ten fundamental reasons why economic mobility remains challenging, examining systemic obstacles and personal behaviors

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7 Things the Middle Class Thinks Are Assets but Are Not

7 Things the Middle Class Thinks Are Assets but Are Not

In pursuing financial security, many middle-class individuals invest in possessions they believe will build wealth. However, several everyday purchases often masquerade as assets while diminishing net worth. Let’s examine seven items frequently mistaken for wealth-building tools. 1. Overzealous Home Renovations Home improvement projects can provide enjoyment and functionality, but many homeowners overspend on renovations that

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10 Everyday Habits of a Wealthy Man

10 Everyday Habits of a Wealthy Man

The path to wealth isn’t just about making smart investments or landing a high-paying job. Actual wealth builders understand that their everyday habits lay the foundation for long-term financial success. Here are ten daily habits that wealthy individuals consistently practice to build and maintain their fortunes. 1. Consistent Early Rising Financially successful people understand the

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Why Everything Changes Once You Save $10K

Why Everything Changes Once You Save $10K

Financial experts often discuss significant milestones like having $100,000 or becoming a millionaire. But truth be told, the first most substantial financial threshold for many people is much more attainable: $10,000. This five-figure milestone represents a pivotal shift in your financial journey—the point where you transition from merely surviving to having options. At $10K, your

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People Who Are Self-Made Middle-Class Millionaires Think Differently In These 10 Ways

People Who Are Self-Made Middle-Class Millionaires Think Differently In These 10 Ways

The journey to financial independence isn’t just about earning more—it’s about developing a distinct mindset that shapes decisions, habits, and long-term strategies. Self-made middle-class millionaires aren’t typically lottery winners or recipients of massive inheritances. Instead, they’re ordinary people who think and act in extraordinary ways with their finances. Let’s explore the ten crucial mindset differences

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10 Signs Warren Buffett is a Lone Wolf Personality (Not Just an Introvert)

10 Signs Warren Buffett is a Lone Wolf Personality (Not Just an Introvert)

Warren Buffett is widely known as an introvert, but his personality runs deeper than mere social modesty. The “Oracle of Omaha” exemplifies what psychologists might call a “lone wolf” personality—someone who not only functions well independently but actively thrives outside the pack. While introverts prefer less social stimulation, lone wolves operate with a fundamental self-sufficiency

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Real Wealth vs. Fake Wealth Explained

Real Wealth vs. Fake Wealth Explained

In a world obsessed with appearances, understanding the difference between real and fake wealth has never been more important. This distinction goes far beyond bank account balances—it permeates our behaviors, possessions, relationships, and, ultimately, our happiness. Let’s explore what constitutes wealth versus what merely creates its illusion. 1. Quiet Confidence vs. Loud Insecurity Real wealth

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America’s Biggest Wealth Killer No One Is Talking About

America’s Biggest Wealth Killer No One Is Talking About

1. The Silent Financial Crisis Affecting Millions of Americans Financial illiteracy has become America’s most devastating wealth killer, silently eroding the financial potential of millions while rarely making headlines. At its core, financial literacy encompasses understanding and effectively applying various financial concepts and skills—from budgeting and saving to investing and managing debt. According to the

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10 Warren Buffett Rules to Help the Broke Become Rich

10 Warren Buffett Rules to Help the Broke Become Rich

Warren Buffett’s time-tested wisdom is a beacon for those seeking genuine financial transformation in a world of get-rich-quick schemes and economic fads. Known as the “Oracle of Omaha,” Buffett has amassed extraordinary wealth through disciplined investing and sensible money management. Yet his principles remain remarkably accessible to anyone, regardless of their financial situation. Let’s explore

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