Mahalene Dulay x What the FAQ Money

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Mahalene Dulay x What the FAQ Money CEO. Whether you’ve come across my Social Media pages, or you’re somehow connected to me through the many networks I’m a part of, I’m glad you’re here!

speaker, advocate, and boy and dog mom 24/7 --I’m your Brown Finance Bestie helping women+ of color confidently build current and generational wealth and elevate their financial power one money, business and career FAQ at a time. My own money story begins before I was born. I am a proud daughter of Filipino immigrants; my parents came to the U.S. with the idea of the “American Dream” to work hard

to achieve what they couldn’t back home. My parents did all this and more for 30+ years — it was through their story of resilience and perseverance as parents and business owners that inspired me to start my own journey as an entrepreneur. I graduated from the University of San Diego with a degree in Business Administration Finance, then started my career in financial services with a larger firm in San Diego in 2007. I built a successful business in helping people with their most important financial goals, but with changes in the company and having my second son, I realized that to grow my business and create a greater impact in my life and the communities I serve, I had to do something different. I took a leap of faith with baby, toddler and husband in his own career transition in 2018 to start a firm for women+ of color. Fast forward to now, I have expanded my impact with an emphasis on financial education, financial wellness programs for companies and organizations, speaking engagements and coaching other financial professionals in a fun, relatable way. Here’s the thing about the finance industry: the “old school” way of money (aka: work hard, save and work some more) does not work for many women of color today. With pay gaps, minimal funding capital for WOC+ owned businesses, broken systems and lack of representation in the money space… how can we build wealth for ourselves and future generations in a way that aligns with our values, our cultures and our experiences as women of color? Let’s face it… there are not many money advocates that look like me. As a woman of color in a predominately white male industry, I’ve made it my mission to empower and educate other women+ of color with the wealth of knowledge (total pun intended) they need to confidently make, build and protect their money. And what better way to do it than showing you “How the FAQ” to make money conversation more like FUN-ance instead of complex finance! When I’m not working, you’ll find me:
Having dance parties with my kids, napping, figuring out this journey called motherhood, eating my way through my travels and belly laughing with my family and friends. Fun Fact About Me:
My name comes from the Tagalog root word “Mahal”, which means “love” (or expensive if you ask my parents) . I hated it as a kid because my name was hard to pronounce, but learned that my name embraces all that I am as a lover of life, what I do and the people in it. What I’m most proud of:
Instead of listening to those throughout my career saying I wouldn’t make it, I used that as motivation to build a successful business that allows me to provide for my family, elevate other women+ of color in their wealth journey and advocate for my community.

Crypto, meme stock and the list goes on... and while these investments can provide a higher reward, you have to consider...
29/02/2024

Crypto, meme stock and the list goes on... and while these investments can provide a higher reward, you have to consider your risk tolerance:

☑️ How much risk you’re WILLING to take on as an investor AND
☑️ How much risk you CAN take on based on your overall financial health

Saving and investing are not one in the same, so it’s important to understand the difference.
27/02/2024

Saving and investing are not one in the same, so it’s important to understand the difference.

The short answer: you can invest in both if it makes sense for your financial goals and situation!Here are some consider...
21/02/2024

The short answer: you can invest in both if it makes sense for your financial goals and situation!

Here are some considerations:

✔️A traditional 401(K) through your employer is tax-deferred, meaning the contributions and the money in the account does not get taxed until you withdraw it in retirement. The advantage of a tax-deferred account is that it helps LOWER your reported income to the IRS each year you make contributions.

➡️ If you typically owe a lot in taxes, your 401(K) can be a great way to save for retirement and lower your reported income.

✔️A Roth IRA is funded with AFTER TAX dollars. If you’ve held your Roth for 5 years or longer AND you’re 59.5 when you start withdrawals, any potential growth from your Roth is income tax free.

➡️ If your current tax situation is manageable or you don’t owe taxes AND you’re income-eligible, then a Roth IRA can be a great tax-advantaged account for your goals.

It is possible to contribute to both accounts (up to the IRS max limit) and have the opportunity for different tax savings strategies.

As always, consult with your financial and tax professionals for the best strategy for you.

Financial education is so important and it’s the one topic we hear too often that people wish they learned in school.We’...
20/02/2024

Financial education is so important and it’s the one topic we hear too often that people wish they learned in school.

We’d love to hear your answers in the comments below.

... do you want to see more of on this page?There are soooo many topics about money, but I want to hear from you.  Comme...
15/02/2024

... do you want to see more of on this page?

There are soooo many topics about money, but I want to hear from you. Comment below with the content you want to see more of:

♦️Saving and budgeting
♦️Paying off debt
♦️Life insurance
♦️Health, disability, car and home insurances
♦️Career
♦️Investing
♦️Real estate
♦️Raising financially saavy kids
♦️Starting and running a business
♦️How culture affects money

How the FAQ I incorporate astrology and other modalities into my life and business? 🙌🏽Come find out as I go on IG LIVE w...
14/02/2024

How the FAQ I incorporate astrology and other modalities into my life and business? 🙌🏽

Come find out as I go on IG LIVE with this Friday, Feb. 16 at noon PST.

We’re diving deeper into:

- How to let go of what you think life’s timing should be (aka: “why I’m not where I thought I’d be”) 🤍

- Integrating the “woo” with the work as a tool and finding the right person to do it with ⭐️

- Sharing my very own charts and how I use it to bring more clarity and abundance to my business (this should be fun 😂)

Sending all the love today and everyday to you

With gratitude,
Mahalene

How the FAQ money can be an act of LOVE❤️ Having a will and/or trust in place to ensure that your family keeps your hous...
14/02/2024

How the FAQ money can be an act of LOVE

❤️ Having a will and/or trust in place to ensure that your family keeps your house and that they’re taken care of

❤️ Putting a life insurance plan in place to ensure that your family doesn’t have the financial stress to deal while giving them the space to grieve

❤️ Investing to build generational wealth because you’re the first in your family to break the generational cycle of financial trauma

❤️ Giving yourself grace from poor money decisions in the past and learning how to make smart money decisions moving forward

❤️ Spending your money with intention instead of impulse

❤️ Celebrating your small and big money wins because you’re awesome

- Negotiate your pay raise.- Side hustles.- Start a business.- Affiliate marketing.- Investing.- Look for another job th...
13/02/2024

- Negotiate your pay raise.
- Side hustles.
- Start a business.
- Affiliate marketing.
- Investing.
- Look for another job that will pay you more.
- Building passive income.

What the FAQ are other ways you’re increasing your income this year?

Time is one of the most important factors to building and protecting your wealth.  Here are 3 solid money moves you shou...
12/02/2024

Time is one of the most important factors to building and protecting your wealth. Here are 3 solid money moves you shouldn’t wait on and how the FAQ to get started:

1️⃣ INVESTING
The sooner that you start investing for the long-term, the less financial anxiety you have when you’re ready to put up you’re official OOO.

If your employer offers a retirement plan, start a small percentage of your paycheck to automatically contribute to your plan. If your employer offers a match, do at least the minimum amount needed to meet the maximum match.

2️⃣ LIFE INSURANCE
One of the factors in determining your life insurance premium (aka: how much you pay for the plan) is based on your age. If you have someone that depends on your income or you have debt, life insurance gives financial peace of mind to your beneficiaries upon your death.

Start by reviewing what you have available through your employer and then work with a professional to get ADDITIONAL life insurance that you can carry with you no matter what your job situation looks like.

3️⃣ GETTING A WILL OR TRUST
Regardless of how much money you have, having a will or trust is crucial in protecting your wealth. This document will advocate for you in the event you’re not able to or after you die.

Work with an estate planning attorney to find the right option for your situation.

Some things, unfortunately, are just not worth waiting until “something happens” for you to realize its importance. Get to it, friends.

As someone with a Type-A, high-achieving  personality, it was really hard for me not to feel disappointed when I didn’t ...
08/02/2024

As someone with a Type-A, high-achieving personality, it was really hard for me not to feel disappointed when I didn’t accomplish everything I wanted to in 2023. Though I didn’t hit all my goals last year, I proudly celebrate all my wins, the time I got back and the opportunities that opened to me for a stronger 2024.

So, to kick off the New Year, here’s my first blog to share with you all! Check out what the FAQ are the habits and lessons 2023 taught me that will make 2024 even better.

Why the FAQ I love “Buy Nothing” and why you should, tooI came across the movement called “The Buy Nothing Project” seve...
30/01/2024

Why the FAQ I love “Buy Nothing” and why you should, too

I came across the movement called “The Buy Nothing Project” several years ago and let me tell you... I’m hooked! The concept is to gift and receive items, services, ideas or knowledge within your designated geographic neighborhood FOR FREE. I love this concept because:

✅ it allows for the opportunity for items to be diverted away from the landfill and reused by someone else

✅ it gives you the chance to meet your neighbors (I have some of the best!) and build community

✅ you can get some pretty cool items for free without any obligation

Have you signed up for your neighborhood’s Buy Nothing group yet? If not, check out the link in my bio to learn more.

Before we got married, my husband and I decided that we would have separate bank accounts.  It wasn’t because we didn’t ...
24/01/2024

Before we got married, my husband and I decided that we would have separate bank accounts. It wasn’t because we didn’t trust each other — it was because financial autonomy was important. We have one joint account that we use for combined household expenses (mostly that have to do with the kids and groceries) while each of us have our own checking accounts for our own bills. Anything leftover in our own separate account after investments, bills and obligations have been allocated are considered “guilt-free” spending money that each of individually decides for ourselves.

Why the FAQ is this important? Money is one of the leading causes of stress, arguments and divorce. You can have financial independence while contributing to common family goals. Regardless of how you set-up your bank accounts, find a system that works by talking money to your honey often and honestly.

What do you think?

A 401(K) or employer-sponsored plan is one of the easiest ways to save and invest for retirement without too much work, ...
15/01/2024

A 401(K) or employer-sponsored plan is one of the easiest ways to save and invest for retirement without too much work, but don't make these common mistakes or it could cost you a lot of money.

❌Leaving your investment allocation in cash:
If you want your 401(K) to have the opportunity for growth potential, don't leave it in cash holdings. Most 401(K) plans have different investment options for you to choose from. Find the one(s) that aligns with your goals, time horizon and risk tolerance.

❌Not naming (or updating) your beneficiary:
This is a big one right here. If you go through a life change, make sure that your 401(K) beneficiary is updated. You don't want your money going to the wrong person after you die.

❌Not taking advantage of your employer's match:
If your employer offers matching your contributions, contribute AT LEAST the amount needed to get the maximum match from the employer. Keep in mind that your contribution to meet this match does not necessarily mean that you're maxing out the total allowed contribution amount into your 401(K).

One big difference the wealthy and the poor are their view on debt.  While everyone is accountable for their own money d...
10/01/2024

One big difference the wealthy and the poor are their view on debt. While everyone is accountable for their own money decisions made, it's just as important to understand and acknowledge that financial education is WAY lacking to help people learn how to spot "good debt" from "bad debt". Swipe to learn how the FAQ the wealthy use debt as leverage to build their wealth.

Hey there, Friends!If you're new here, WELCOME!  If you've followed me for a while, WELCOME BACK!  I'm Mahalene, your Br...
08/01/2024

Hey there, Friends!

If you're new here, WELCOME! If you've followed me for a while, WELCOME BACK!

I'm Mahalene, your Brown Finance Bestie with a passion for helping women+ of color confidently build current and generational wealth and elevate their financial power one FAQ at a time. CEO in the financial industry by trade, boy and dog mom 24/7, and multi-passionate advocate by nature… I’m the creator of “What the FAQ Money™” where I answer your most frequently asked money, business and career questions.

Here's what to expect on my page:
❇️ Learn and talk about money with me in FUN way

❇️ If you're just starting out in your investing and money journey, this is a great place to get FREE and ACCESSIBLE resources

❇️ Mom jokes and dance parties WILL not disappoint

❇️ OUT with the traditional Wall Street "boys club" jargon and IN with the diverse conversations for and by women+ of color

❇️ Cameo appearances from my favorite people who want to also help you level-up your money game

❇️All content is for financial education only and is NOT intended to be specific financial, tax or legal advice (you'll need to consult the professionals for that... if you need resources, I have some for you!).

A new year means new opportunities for you to build wealth in alignment with the life that YOU want -- and I can help you get there. 2024 is YOUR year. Let's do this.

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