How I Made Six Figures As An Entrepreneur
My Fab Finance | Black Personal Finance Blog
by Tonya
1y ago
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
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5 Ways You Can Start Now to Prepare For a Recession
My Fab Finance | Black Personal Finance Blog
by Tonya
1y ago
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
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Navigating Buying a Home Among Rising Interest Rates
My Fab Finance | Black Personal Finance Blog
by Tonya
1y ago
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
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5 Ways to Fight Back Against Inflation This Summer
My Fab Finance | Black Personal Finance Blog
by Tonya
1y ago
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
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How to Protect Your Money from Common Cyber Scams
My Fab Finance | Black Personal Finance Blog
by Tonya
2y ago
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
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The Racial Wealth Gap: Origins and Solutions
My Fab Finance | Black Personal Finance Blog
by Tonya
2y ago
MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous By Bryan Mapenzi Wealth. The American Dream. The pursuit of happiness. All three are inextricably tied together and 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. These inequities has led to the racial wealth gap. According to the 2019 Survey of Consumer Finances (SCF), white households had a median and mean family wealth of ..read more
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Here’s How Sleep Can Help You Master Your Money
My Fab Finance | Black Personal Finance Blog
by Tonya
2y ago
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. 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 contrary to the truth. Lack of quality sleep impacts brain acti ..read more
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3 Reasons to Buy A Home This Year
My Fab Finance | Black Personal Finance Blog
by Tonya
2y ago
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. 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 delve into the benefits of owning a home. There are many ..read more
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The Only Year-End Financial Checklist You’ll Need to Come Out On Top in 2022
My Fab Finance | Black Personal Finance Blog
by Tonya
2y ago
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 checklist outlines key ste ..read more
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How I Paid Off Six Figures in Student Loans
My Fab Finance | Black Personal Finance Blog
by Tonya
2y ago
MyFabFinance MyFabFinance - Helping You Change Your Money Story and Become Your Fabulous By Melody Barthelemy Melody’s story is not uncommon. According to Student Aid.gov, the majority of student loan borrowers take out loans from the federal government, with a total of 43 million borrowers that have $1,447.1 billion outstanding in student loan debt. Although these numbers seem daunting, with a plan and focus, it is possible to conquer this debt. Melody shared her journey to paying off six figures in student loans. My Back Story The majority of my student loan debt accumulated while I was ..read more
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