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.

Top 10 Books Written By Billionaires That Will Teach You How to Build Wealth

Top 10 Books Written By Billionaires That Will Teach You How to Build Wealth

Building wealth is a goal shared by many, but few achieve the level of success that billionaires do. Fortunately, some of the world’s wealthiest individuals have shared their insights and strategies in books that can guide aspiring entrepreneurs and investors. This article explores ten influential books written by billionaires, each offering unique perspectives on wealth […]

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5 Things the Middle Class Should Stop Buying Now to Avoid Inflation

5 Things the Middle Class Should Stop Buying Now to Avoid Inflation

Inflation continues to impact household budgets across the United States, forcing many middle-class families to reassess their spending habits. By making strategic purchase choices, consumers can better navigate the current economic landscape and make better financial purchase decisions.This article explores five categories of items that the middle class should consider avoiding or reducing to mitigate

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10 Personal Finance Books That Can Take You From Broke to Rich

10 Personal Finance Books That Can Take You From Broke to Rich

In today’s complex economic landscape, the journey from financial struggle to prosperity can seem complicated. However, the proper knowledge and mindset can transform one’s financial future. I have read over 500 books on finance, investing, and trading, and I want to share with you the top 10 personal finance books that helped take me from

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People Who Achieve Wealth Focus on These 7 Core Behaviors

People Who Achieve Wealth Focus on These 7 Core Behaviors

Building lasting wealth isn’t just about smart investments or high-paying jobs—it’s about developing specific behaviors that create long-term success. The most successful wealth builders share common traits that set them apart. These seven core behaviors form the foundation of their approach to creating and maintaining wealth through deliberate practice and consistent execution. 1. Adopting a

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People Who Are Middle Class Need to Stop Following These 5 Common Financial Behaviors

People Who are Middle Class Need to Stop Following These 5 Common Financial Behaviors

Building wealth in the middle class often feels like running on a treadmill – lots of motion but little forward progress. Many in the middle class follow financial behaviors that seem sensible on the surface but hold them back from actual financial growth. These habits, often passed down through generations or learned from well-meaning friends

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People Who Build Real Wealth Never Fall for These 10 Financial Myths

People Who Build Real Wealth Never Fall for These 10 Financial Myths

Building wealth is a journey that requires knowledge, discipline, and the ability to separate financial facts from fiction. Many people struggle to accumulate wealth not because of a lack of income but because of misconceptions about money management and investing.Let’s explore and learn how to overcome ten common financial myths that often hold people back

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10 Ways the Rich Value Time More Than the Broke Value Money

10 Ways the Rich Value Time More Than the Broke Value Money

Time and money are two resources we all have in varying degrees, yet how we prioritize them often determines our financial trajectory. The wealthy and the financially struggling approach these resources from fundamentally different angles. While those struggling with money usually focus intensely on every dollar, the rich tend to prioritize time. Understanding these contrasting

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The Top 5 Things Keeping You Stuck in the Lower Middle Class

The Top 5 Things Keeping You Stuck in the Lower Middle Class

Living paycheck to paycheck while watching others advance financially can feel like running on a treadmill—an exhausting effort with little forward progress. For many Americans in the lower middle class, this struggle isn’t due to lack of effort but rather persistent economic barriers that create a cycle of financial stagnation. While the path to economic

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10 Books Middle-Class Millionaires Have Read That Broke People Never Opened

10 Books Middle-Class Millionaires Have Read That Broke People Never Opened

Building wealth isn’t just about earning more money—it’s about adopting the right mindset, habits, and strategies. Middle-class millionaires who have achieved financial independence through hard work and smart decisions often credit their success to the knowledge gained from specific books. These books provide insights into money management, personal growth, and wealth-building strategies that many financially

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5 Financial Decisions That Separate the Rich from the Working Class

5 Financial Decisions That Separate the Rich from the Working Class

Certain decisions can significantly impact an individual’s financial trajectory in their personal finances. While wealth accumulation is influenced by various factors, including opportunity and circumstance, specific financial choices often distinguish the wealthy from the working class. This article explores five key economic decisions that tend to separate these two groups, offering insights into how different

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People Who Build Wealth in Any Economy Follow These 5 Principles

People Who Build Wealth in Any Economy Follow These 5 Principles

Building lasting wealth isn’t about timing the market or catching the next big trend. It’s about following time-tested principles that work regardless of economic conditions. The most successful wealth builders understand that financial success comes from a strategic approach that combines career planning, business acumen, and wise investment decisions regardless of the economic environment they

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People Who Are Wealthier Know These 5 Key Investment Strategies

People Who Are Wealthier Know These 5 Key Investment Strategies

Building wealth through investing isn’t about finding secret strategies or making risky bets. Wealthy investors often follow straightforward, time-tested approaches that leverage the power of consistency, low costs, and patience. Let’s explore five key investment strategies successful investors use to build and maintain wealth. 1. Why Smart Investors Use Dollar-Cost Averaging to Build Wealth Dollar-cost

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America's Middle Class Is Fleeing From These 10 States in Droves in 2024

America’s Middle Class Is Fleeing From These 10 States in Droves in 2024

The American middle class, long considered the backbone of the nation’s economy, faces unprecedented challenges in 2024. As the cost of living continues to rise and economic opportunities shift, many middle-class families are making the difficult decision to leave their home states in search of greener pastures.This exodus is reshaping the country’s demographic landscape and

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10 Financial Behaviors That Scream I'll Never Be Rich and Stay Broke

10 Financial Behaviors That Scream “I’ll Never Be Rich and Stay Broke”

Financial success isn’t just about how much you earn—it’s about the habits you develop and maintain. The path to building wealth often becomes blocked by behaviors that might seem harmless but create significant obstacles to financial growth over time. Let’s explore ten common financial behaviors that can keep you trapped in a cycle of economic

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8 Powerful Mindset Shifts That Help Build Real Wealth

8 Powerful Mindset Shifts That Help Build Real Wealth

Think about the last significant financial decision you made. Was it driven by fear or confidence? By short-term thinking or long-term vision? Your mindset shapes not just your financial choices but also their outcomes. Years of observing successful wealth-builders have revealed a clear pattern: those who achieve lasting financial success share specific ways of thinking

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10 Books Warren Buffett Studied That Broke People Never Opened

10 Books Warren Buffett Studied That Broke People Never Opened

Warren Buffett, one of the world’s most successful investors, attributes much of his success to his voracious reading habit. While many aspiring investors and entrepreneurs dream of achieving Buffett’s level of success, few are willing to put in the time and effort to study the books that shaped his investment philosophy. Here are ten books

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If You Really Want to Be Rich, Abandon These 5 Middle-Class Habits

If You Really Want to Be Rich, Abandon These 5 Middle-Class Habits

Wealth accumulation is a goal for many, but the path to financial success often requires breaking free from everyday middle-class habits that can hinder your progress. You can set yourself toward greater prosperity by identifying and abandoning certain financial habits that hold you back. Let’s explore five critical middle-class habits you should leave behind to

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The Rich Don't Work Like You Think 5 Wealth-Building Secrets

The Rich Don’t Work Like You Think: 5 Wealth-Building Secrets

Many assume wealthy individuals work longer hours or get lucky with their careers. The reality is far more nuanced. Successful wealth builders approach their financial journey with distinct strategies and mindsets that set them apart from the average earner. These principles aren’t secrets in the sense of being hidden—they’re observable patterns that anyone can learn

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5 Reasons the Middle Class Stays Broke While the Upper Class Thrives

5 Reasons the Middle Class Stays Broke While the Upper Class Thrives

The growing wealth disparity between middle-class and upper-class families in America isn’t just about individual choices—it’s deeply rooted in systematic patterns and economic structures perpetuating financial patterns of being stuck or wealthy. Understanding these patterns reveals why the middle class often struggles to get ahead while wealthy families continue to prosper. Here are five reasons

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If You Really Want To Think Like Warren Buffett, Stop These 5 Poor Money Habits

If You Really Want To Think Like Warren Buffett, Stop These 5 Poor Money Habits

Warren Buffett’s path to becoming one of the world’s most successful investors wasn’t paved with complex strategies or secret formulas. Instead, his approach centers on eliminating poor financial habits while cultivating disciplined money management practices. By understanding and eliminating the following five critical money mistakes, you can begin thinking more like the Oracle of Omaha.

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