MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous Today, we are talking all about money! Money most certainly isn’t everything, but it gives you options and through my progression as an entrepreneur, I’ve learned that it is a necessity to achieving your goals and is a tool to help you do so. Below I’ll detail how I made my first six figures as an entrepreneur and the journey to get there. My initial start was in the nonprofit world prior to taking on My Fab Finance or (MFF), full-time. Believe it or not, the most I ever made in the nonprofit world was 65K ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous The talk of the town over the last couple months has been the dreaded “R” word. Yes, I am talking about a recession. For those who don’t know, a recession is two quarters, or half a year of negative growth in the economy. Technically, we are in a recession based on that definition. However, many have been reluctant to say we are in one, including our president and his administration. When there is a recession, people lose their jobs and as of lately, the job market has continued to boom. In July alone, the ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous By Bryan Mapenzi The last several months have been a financial whirlwind for many. Inflation has been ravaging discretionary funds and demeanors left and right. This “invisible tax” has caused everything we purchase to be more expensive and in order to tame it, the Federal Reserve has raised interest rates at an alarming rate, increasing dramatically since the beginning of the year. For context, every 0.25 percentage-point hike of interest rates equates to paying $25 more per year on 10,000 of interest. &n ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous This summer, we were all so excited to FINALLY be outside, and seemingly turning the corner with COVID-19. However, other barriers have been placed before us, such as the increase of inflation. If you didn’t know what it was prior to the beginning of the year, I’m sure it has become a part of your vocabulary over the last six months. Currently, it is running hotter than Usain Bolt in 2009. For context, inflation typically should be around 2%, give or take a half percentage point. Currently, it is a whoppin ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous April is Financial Literacy month. As the month draws to an end we share one of the most commonly overlooked topics in financial literacy: the cyber scam. Learn about common cyber scams and how to identify cyber scams to protect your finances.  You work hard for your money. It may have taken years to build your wealth or maybe you are still building your wealth. Now imagine that all of your hard work is ripped away by scammers in one moment. Many unsuspecting victims have fallen prey and lost consider ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous By Bryan Mapenzi As we close out another year in a pandemic, we may wonder how we should approach 2022. We may be considering a large purchase next year, such as a house. Or maybe we’re really excited about the opportunity to travel internationally without the imminent danger of contracting COVID-19, with all of its mutations and variants (fingers crossed). Whatever your goals may be, starting 2022 off on the RIGHT foot can dictate how the rest of your fiscal year shapes up. This year-end financial checkli ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous By Bryan Mapenzi The racial wealth gap has a profound impact on communities of color. There are vast disparities in the attempt to achieve wealth, the American Dream and the pursuit of happiness. All three have paved the way for America being the wealthiest country in the world based on nominal GDP. Although this holds true, there is another stark truth. The distribution of wealth across America is vastly unequal across racial lines. According to the 2019 Survey of Consumer Finances (SCF), white households ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous By Bryan Mapenzi Work. A concept and aspect of our lives that, for many, has had many twists and turns over the last year and a half. Whether it was reduced hours, job loss, or the work from home transition because of the pandemic, we have all been shaped and molded by collective trauma in 2020 and 2021. These aspects, along with many joining the Great Resignation, have led to added stress about our future work lives. This rising stress can lead to burnout.  But what is burnout? Let’s get into it!&nbs ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous By Bryan Mapenzi The connection between sleep and reaching those money goals is a real thing! Try these simple sleep biohacks to master your money. You need sleep to master your money. Sleep is an essential function for our wellbeing and health. Yet many of us often wake up feeling unrested and groggy . Our grind culture pushes us to perform and hustle, and we often sacrifice sleep in the name of success. We often hear the phrase “sleep when you’re dead!” in support of the grind. This belief is quite contr ..read more

MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous January 21 is “Own Your Home Day” and was established to encourage homeownership. Today, in early observance of Own Your Home Day this post discusses three major benefits of homeownership. Homeownership is a milestone financial decision. Are you on the fence about whether or not to purchase a home? You’re not alone! Purchasing a home is not an easy or lighthearted decision. First and foremost, you need to determine if you are financially ready for this purchase. After reviewing your finances, you can ..read more