Sarah L Bromley

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Everyone wants to be wealthy — but what does that even mean? Generally, as we get richer, our definition becomes broader. Still, objectively speaking, we all follow a similar path as we go from “zero to hero,” which can be traced to the eight stages of wealth.
We’ll run through what this journey looks like and what to expect at each stage so you can figure out where you are today and understand how to build wealth.
Stages of wealth
Most people don’t go from being broke and living ...

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Wealth management is often considered a comprehensive service that takes a more holistic view of the client’s financial picture. This includes various things, such as estate planning, financial planning, tax planning, and investment management.
Most people consider it a high-end service. Sometimes, companies require a client to have a minimum net worth or a particular level of investment assets. When customers need those things, it’s often useful to consolidate various financial a...

As anyone involved in the nonprofit world is no doubt aware of already, Giving Tuesday (30 November) is fast approaching. It’s a brilliant time to discuss scalability, a term generally confined to the commercial sphere that has so much value for charities too. If your goal is to fundraise as much as possible, you need to think about how to get the most out of the resources you have by implementing the right processes. For some inspiration on how to do that, we talked to master auctioneer Emil...

After a career spent working with musical talents like Kendrick Lamar, working with culturally relevant brands like Nike, and even producing his own Netflix documentary, it’s fair to say that DJ Skee is no stranger to spotting trends. Now, he’s turning his attention to the metaverse.
People have been dreaming of some form of metaverse for a while. In fact, the word “metaverse” dates back to a book from 1982 called “Snow Crash.” But while many saw some form of virtual reality world coming, few...

Popular YouTuber, businessman, and hobbyist Geoff Wilson gives us a deeper look into the world of collectibles—and why the best may be yet to come
Card trading is a hobby that taps into very human urges, such as the thrill of gambling and the fun of obsessing over something we love. If you ever experimented with trading cards as a child, you’ll be familiar with the ultimate feeling of anticipation as you open the packet you just bought with your pocket money, your mind awash with the possibil...

The conventional wisdom about wealth management is that bonds don’t offer a return high enough to beat inflation, so investors are better off filling their portfolios with funds instead. But the numbers suggest otherwise for a particular type of bond — the return for Series I savings bonds issued between November 2021 and April 2022 is 7.12%. And no, that decimal place isn’t supposed to go before the number seven.
In the current climate, even the best high-yield savings accounts will barely n...

The Financial Independence, Retire Early (FIRE) movement has gained a lot of traction and publicity over the last few years. Its popularity shouldn’t come as a surprise: why would you want to slave away at a 9-5 until you’re 65 if you could build your wealth enough to stop working within the next decade or so? If you’ve come to this conclusion yourself, you’re probably wondering how to get started with FIRE — but there’s more than one way to approach it.
We’ll take a look at three of the most...

For many things in life, the earlier, the better — but does that also go for paying your credit card?
It can be challenging enough to have the cash needed to pay off your credit card balance at all each month without worrying about early payments.
But if you’re fortunate enough to find yourself in a position where you can pay before the billing cycle ends, you might be wondering what happens if you pay your credit card early. Is it worth it? Is the outcome good, bad or neutral?
To answer thes...

Earning money for work you did years ago doesn’t have to be a pipe dream. Here are a few realistic ways to get there.
Doing something once and getting paid for it for the rest of your life? It almost sounds too good to be true. That’s the general idea behind residual income.
Study up on the concept of residual income by learning a few definitions, understanding why you should care about residual income and finding out how to get started yourself.
What is residual income?
Usually, giving a def...

Money management isn’t just for millionaires trying to become billionaires. In fact, if your net worth isn’t quite where you want it to be, knowing how to manage your wealth is one of the best things you can do to bring you one step closer. To get from A to B, you need to know exactly where you’re starting from and what route you’ll take.
Many people assume that they can’t manage their wealth effectively without a financial advisor. But while enlisting a professional for help is never a bad t...

A decent credit score is the key to many financial opportunities, but is a fair credit score high enough to help you access them?
You’ve probably heard you should aim for a decent credit score — that’s any score that falls in the “good,” “very good” or “exceptional” category. But what is a fair credit score, and how does it fit into the picture?
Let’s look at:
What a fair credit score is,
The mechanisms behind credit scores
Why credit scores matter
Strategies to improve your credit score
What...

If you’d like to spend your retirement sipping cocktails on a beach (or even sitting in front of the television), you can no longer rely on the government to provide you with the income necessary to make that possible. With an aging population making the future of pensions questionable, it’s more important than ever to take wealth building into our own hands. Yet only 36% of non-retired Americans think they’re on track with their retirement savings. If you’re in the unprepared majority, it’s ...

Have you ever googled “(enter celebrity name) net worth”? You don’t need to lie; we’re all friends here. Few could deny there’s something perversely satisfying about guessing how much money prominent figures have, but net worth tracking isn’t just about bemoaning or admiring the rich and famous. It’s a fundamental tool for financial management.
No matter how high or low your net worth happens to be, you need to know what you’re working with so you can evaluate where you are now and make plans...

You wouldn’t set off to do your grocery shopping for the week without knowing how much money you have in your checking account or wallet. Yet so many people make vague financial goals without having a clear idea of what their net worth is. And the consequences of this are far worse — at least being unable to afford your full grocery shop probably won’t affect your entire financial future. This is just a glimpse of why a net worth tracker is so important.
Many people have misconceptions about ...