WELCOME

Welcome to my dfree® blog. I hope these thoughts will help someone think new thoughts and take new actions toward their financial freedom. The proverb says that "the borrower is slave to the lender." (Proverbs 22:7) I have dedicated the rest of my life to helping people obtain spiritual and economic freedom.

dfree® In The News: Dear Fall…Don’t Miss Me

Dear Fall…Don’t Miss Me: Tips for Making Your Dollars Stretch The Extra Mile This Fall

Tamika Stembridge, Esq.

Date: Oct. 29, 2019

 

This article was originally posted on HopeforWomenMag.com.

 

Last fall for me was all about staycations, selling stuff, and saving the proceeds. While these things are still very appropriate as one makes their way to financial wellness, I’m looking forward to being much more active this year.

But don’t get me wrong, I’m just as committed to stretching my coins as I am about stretching my social calendar, so here goes… Tamika’s Tips for a memorable fall while managing your money!

Less is More

The temperatures are dropping so it takes a lot more to do the most when it comes to fashion and style. With the fall social scene heating up, it can be very easy to click and ship, snag and swipe, and grab and go every time you get ready to head out. Believe me, this way of life is a one-way trip to seasonal sadness for your bank account. Give your wallet a break and your closet some room to breathe. Pick your fave pieces and style around them.

“Pool” Your Resources

Literally. I love a good afternoon at the pool, but tolls, parking, admission, private memberships, cabana fees, towel rentals, etc. can add up. I made it a point this year to be strategic about my water-wandering ways. My friends and I have agreed to never go at it alone. We always invite at least a plus one when we visit the pool club, and we carpool if we’re headed “down the shore.” Also, the super friends that have pool access with their apartment, condo, or community have already agreed to be the designated hosts for gatherings. We bring the food and other amenities in exchange!

Speaking of food…

What’s Cookin’?!?

Or should I say, “Who’s cookin’?” If you’re anything like me, you lovvvvve a good meal, especially one that someone else is serving, preferably on a rooftop deck, an umbrella’d patio, or in a cozy, heated oasis. But let’s face it, one too many mornings, afternoons, or nights on the town can wreak havoc on your wallet. As a first line of defense, scope out all of the restaurant weeks, happy hour discounts, and holiday specials you can find. Check your budget, mark your calendar, and make your way. Should the deals run dry, there’s nothing like a good ole gathering of friends at someone’s home. Prep or purchase a dish, prep your favorite playlist, and make a party out of potluck!

To read more of this article, subscribe to this season’s digital issue of Hope for Women!

Tamika Stembridge, Esq. is the executive director of dfree® Global Foundation, an organization dedicated to the wellness of the African American community.

Revolutionary Financial Freedom Movement Releases All-New Supplement Book for Black Millennials in Midst of Student Loan Crisis

Revolutionary Financial Freedom Movement Releases All-New Supplement Book for Black Millennials in Midst of Student Loan Crisis

 

New ‘Your dfree® for Young Adults’ to Serve as a Roadmap to Financial Health and Wellness, Available Now

 

In its new supplemental guide for young adults, available now, dfree® provides concrete, laser-focused strategy for Black Millennials to avoid and rid themselves of invasive consumer debt and become financially empowered. dfree® is a transformational lifestyle movement that promotes financial freedom through value-based principles and practical approaches to financial management. It was founded by pioneer of faith-based economics, Dr. DeForest B. Soaries, Jr., who is a pastor, community developer, civil rights advocate, husband, father and served in state and federal government. With a proven track record, dfree® has unprecedently assisted more than 10,000 individuals, of all ages, in paying down nearly $23 million in debt.

 

“In general, finances are something that are too rarely discussed, especially in the black community. It’s unacceptable,” said Soaries. “When you think about how Millennials were raised with parents sacrificing so much so they could be spoiled with luxuries, even when living in their parents’ homes, Millennials today are some of the most broke and lacking in knowledge about how to find and maintain financial freedom.”

 

According to Nielsen, Black Millennials have $162 billion in buying power and cultural influence like no other. However, based on a recent Forbes report, Millennials have $497.6 billion in outstanding student loan debt for this year alone.

 

dfree® understands many young adults have chosen a different adult lifestyle than previous generations. Although young adults are technically savvy, when it comes to financial management, many are in debt, delinquent and living in deficit. Many young adults feel they have not been provided with the information they need to make good financial decisions. However, financial awareness, at the most basic level, is crucial to living a life free of financial bondage. The ‘Your dfree® for Young Adults’ supplement details:

 

  • Credit
  • Spending
  • Goal Setting and Saving
  • Budgeting
  • Banking and Alternative Financial Services
  • Entrepreneurship, and more!

 

Your dfree® for Young Adults’ is the newest release from dfree®. The core dfree® books, Say Yes to No Debt book and workbook, were written by Soaries, who drew upon his experience as a pastor, public policymaker, community leader and former debtor to create a movement that everyone can join.

 

‘Your dfree®’ is a series of supplemental guides to compliment the ‘Say Yes to No Debt’ book. Each supplement addresses the particular circumstances, common issues, and concerns facing particular audiences. These supplements may be used as stand-alone tools and/or as companion guides to the dfree® Lifestyle 12-Step Curriculum. The organization also has supplements for entrepreneurs and senior citizens, with more to come in 2020.

 

Available now on Amazon for $17.95 each, the ‘Your dfree® for Young Adults’ supplement will launch at events nationwide this month including Karleen Roy’s ‘Owning the Block’ event in Memphis, Morgan State University and at Prudential’s Legacy Lives On private documentary screening in Atlanta.

Pioneer of Faith-Based Economic Empowerment Dr. DeForest B. Soaries, Jr. and dfree® Accelerate Movement to the Next Level of Financial Freedom for Black Community

Pioneer of Faith-Based Economic Empowerment Dr. DeForest B. Soaries, Jr. and dfree® Accelerate Movement to the Next Level of Financial Freedom for Black Community

 

Organization’s National Leadership Retreat Gave Attendees Tangible Strategies, Tools and Resources to Further Transform Lives by Debt Reduction and Wealth Building

 

NATIONAL – October 11, 2019 – Last month dfree® took to Indianapolis for the ultimate financial “Level Up” for its Leadership Retreat, September 26-28. Designed specifically for the African American community and used by more than 4,000 churches and 100,000 individuals around the world, dfree® gave nearly 700 attendees strategy for elevation to the next level of financial freedom through live workshops, trainings and panel discussions, plus exclusive access to new dfree® solutions, resources, tools, content, partnerships and offerings for things such as entrepreneurship, banking, homeownership and more. Prudential was the title sponsor of this event.

The weekend kicked off with a welcome dinner and documentary screening of Prudential and Urban One’s critically-acclaimed Legacy Lives On that features dfree®, which has unprecedently aided nearly 10,000 individuals in paying down more than $22 million of consumer debt. Legacy Lives On examines the legacy of money in the black community as told through the stories of three millennial women – from Tulsa, Detroit and Atlanta – who, despite historic and present-day barriers, are discovering the path for financial wellness for themselves and creating a legacy for their families and communities. After the screening, Dr. DeForest B. Soaries, Jr., dfree®’s CEO and founder, moderated an inspiring panel discussion that featured one of the stars of the film, Onikah Asamoa-Caesar; Delvin Joyce, former NFL player turned Prudential Financial Advisor; and Tuwisha D. Rodgers, VP of Strategic Partnerships at Urban One’s One Solutions.

“We wanted to get to the heart and emotion of where our community is regarding economic empowerment and we couldn’t have that conversation without going back to talk about how we got here, who we are and the circumstances our communities faced so that we can lean forward and take action to change what that looks like,” Rodgers said, describing Legacy Lives On. “This film was a very bold move and we could not have done it without Prudential.”

“Legacy means that those who come behind me can benefit from my assets and my ideas,” said Dr. Soaries. “We’re talking about empowering our people to redevelop our old neighborhoods, to build our own institutions and to protect own our legacies and that’s what dfree® stands for.”

Bright and early on Friday Morning, September 27, dfree® simultaneously hosted programming for nearly 500 high school students at Indy’s Thomas Carr Howe High School and held live workshops and training for retreat attendees looking to get to the next level of financial freedom.

Media mogul and serial entrepreneur Yandy Smith of VH1’s Love & Hip Hop New York stopped by the coined “dfree® Young Money Building Billionaires Live” event to discuss the challenges and triumphs of entrepreneurship and the importance of smart financial decisions at an early age. Between student performances and dance contests, fireside chats were enmeshed to emphasize the vitality of basic financial awareness and wellness.

“Entrepreneurship is taking everything you’ve learned and then really putting on your ‘hustle hat,’ your ‘moral and integrity hat,’ and your ‘wanting to leave a legacy hat.’ And, with all those attributes you have a real entrepreneur,” Smith told the students. “It’s all about being diligent and finding opportunities to put yourself in positions for success.”

Karleen Roy, former executive assistant of hip-hop mogul Sean “P. Diddy” Combs and founder of The Vanity Group boutique creative agency, and Cayla Cousins of Capitol Records also stopped by the event to share insight with the students. As a part of its dfree® Young Money initiative, dfree® partners with high schools, colleges, churches and community organizations to awaken and educate young people about the importance of finances and incorporating financial freedom as a daily lifestyle.

Concurrently, more than 150 dfree® leaders and teachers gathered to learn about new strategies and updates, tips and tools to further inspire, motivate and lead them in changing their communities in 2020. Led by the dfree® Training and Engagement Team, attendees learned strategy for the newly-updated Billion Dollar Challenge website, best practices to introduce and incorporate dfree® into sororities, fraternities and community organizations, and an overview of MoneyLion banking solutions. The team also introduced and launched the all-new dfree® EDU platform – the learning segment of dfree® all pulled into one location.

On Friday night, sponsored by MoneyLion, dfree® and Emmanuel Missionary Baptist Church hosted a free celebration gospel concert featuring singing sensations The Walls Group and Tiffany Andrews of BET Sunday Best. During the concert, in between serenades, dfree® awarded its top pastor, ministry, financial professional and Delta Sigma Theta Sorority chapter for exceedingly excelling in the journey to financial freedom.

The dfree® Leading Pastor of the Year, Pastor Bruce Farr of Overcoming Church in Indy has led his congregation in paying down approximately $230,643 of debt in 2019 using the dfree® strategy and curriculum. His church congregation has also increased its saving to a combined $57,595.

To wrap up the weekend, Saturday’s programming featured a diverse lineup of speakers and panelists including discussion around banking solutions,

homeownership, entrepreneurship, plus dfree® in Greek organizations, churches and in corporations for employees.

About the dfree® Financial Freedom Movement:

As the only faith-based, wealth-building system specifically designed with the black community in mind, dfree® delivers access to financial freedom. dfree® uses a variety of tools to educate, motivate and support people who make the choice to achieve and sustain financial freedom. dfree® began as a faith-based initiative to help stem an epidemic of overspending, particularly in the African-American community. dfree® has grown into a movement that gives participants the: ability to handle their own financial responsibilities; willingness to help others do the same; and, capacity to leave assets for future generations.

In the tradition of Rev. Dr. Martin Luther King, Jr., dfree® also is a movement to help achieve economic justice in America. Rev. Dr. King once said, “We must never let it be said that we spend more for the evanescent and ephemeral than for the eternal values of freedom and justice.” dfree® emphasizes controlling money matters so that individuals have the freedom to focus on more purposeful pursuits.

The Level Up: Financial Freedom Movement Heads to Indianapolis to Celebrate 10,000 Individuals Paying Down Over $22 Million of Consumer Debt

The Level Up: Financial Freedom Movement Heads to Indianapolis to Celebrate 10,000 Individuals Paying Down Over $22 Million of Consumer Debt

 

Media Mogul & Entrepreneur Yandy Smith, Former NFL Player turned Prudential Financial Professional Delvin Joyce, and Gospel Singing Sensations The Walls Group Join Pioneer of Faith-Based Economic Empowerment Dr. DeForest B. Soaries Jr. in Indianapolis for Level Up Retreat, Sept. 26-28.

 

INDIANAPOLIS, IN – September 24, 2019 – Dr. DeForest B. Soaries, Jr. and dfree®, the financial freedom movement that has unprecedently aided nearly 10,000 individuals in paying down more than $22 million of consumer debt through its Billion Dollar Challenge, is headed to Indianapolis for the ultimate financial freedom level up, September 26-28. The groundbreaking organization will host its dfree® Level Up Leadership Retreat in partnership with Emmanuel Missionary Baptist Church where Reverend Darryl K. Webster is the senior pastor. Longtime dfree® partner Prudential Financial serves as the title sponsor of this event.

The retreat weekend will take attendees to the next level of financial freedom through live workshops and trainings, exclusive access to new dfree® Solutions, resources and tools, partnerships and offerings, panel discussions and new books on topics such as entrepreneurship, banking solutions, legacy and more.

“The first step to financial freedom is to free yourself from debt. We currently help our people do that with no problem,” says Dr. Soaries, Founder and CEO of dfree®. “We now have tools and resources for people after the burden of debt has been lifted. In 2020, dfree® will be able to get people the tools they need to do better, solve problems and achieve significant outcomes.”

dfree® is the leading financial freedom movement programmed to equip the African American community with the strategies and resources to live a financially empowered life. Founded in 2005 by Dr. Soaries, the movement has grown globally and is used by more than 4,000 churches and 200,000 individuals. dfree® empowers churches, community organizations and individuals to lead richer lives by improving how they think about and manage money.

Highlights of the retreat weekend include a free celebration concert featuring gospel singing sensations The Walls Group and Tiffany Andrews of BET’s Sunday Best, sponsored by MoneyLion; a special documentary screening of Urban One’s Legacy Lives On, featuring dfree® and powered by Prudential; plus, special

programming for nearly 1,000 high school students featuring media mogul and entrepreneur Yandy Smith.

“dfree® is a strategy and a movement that seeks to mitigate the lingering effects of the legacies of denial and determination among African Americans,” continued Soaries, who is also a former New Jersey Secretary of State. “Although we faced systemic denials for all of these years, we can celebrate tremendous achievement against formidable odds that are worthy of celebration.”

dfree® participants and organizations from around the nation have proven that financial freedom is possible to overcome and achieve. Debt reduction, improved credit scores, homeownership, entrepreneurship and increased investing are just a few of the accomplishments achieved by dfree® graduates.

For more information and to register, visit mydree.org.

About the dfree® Financial Freedom Movement:

As the only faith-based, wealth-building system specifically designed with the black community in mind, dfree® delivers access to financial freedom. dfree® uses a variety of tools to educate, motivate and support people who make the choice to achieve and sustain financial freedom. dfree® began as a faith-based initiative to help stem an epidemic of overspending, particularly in the African-American community. dfree® has grown into a movement that gives participants the: ability to handle their own financial responsibilities; willingness to help others do the same; and, capacity to leave assets for future generations.

In the tradition of Rev. Dr. Martin Luther King, Jr., dfree® also is a movement to help achieve economic justice in America. Rev. Dr. King once said, “We must never let it be said that we spend more for the evanescent and ephemeral than for the eternal values of freedom and justice.” dfree® emphasizes controlling money matters so that individuals have the freedom to focus on more purposeful pursuits.

dfree® Around the Country: Indy Ministry Reduces More than $230K in Debt

Class Hosted by Overcoming Church Reduces Debt by $230,000+, Saves $57,500+

dfree® Financial Freedom Curriculum Makes Impact on Indianapolis

 

On Thursday, Aug. 8, 49 Indianapolis community members walked across the stage and steps closer to a life-changing goal of financial freedom thanks to the 12-week dfree® class facilitated by Overcoming Church (OCC).  

 

Spearheaded by Senior Pastor Bruce Farr and Executive Pastor Loretta Farr, OCC exceeded its 2019 combined debt reduction goal by more than 203 percent—resulting in approximately $230,643 vin debt reduction. The class also accomplished a combined increase in savings of $57,595. This was OCC’s fourth year hosting the program.

 

“dfree® revolutionized how I feel, think and act as I revamp financial management and stewardship for my life,” said Lillie Skipwith, a former dfree class participant.

Participants also commended the class’ collaborative environment and support from classmates.

“dfree®’s learning environment is very conducive to self-improvement,” said Dalaun Williams. “Being surrounded by others with similar goals is inspiring and helps you to better focus on your own.”

Also during Thursday’s ceremony, attendees heard of the program’s impact from the graduates themselves. Several community leaders were on hand to recognize the dfree graduates including Gloria Crawford, vice president and office manager of Lake City Bank’s Indianapolis Clearwater branch, Willie Roper, Indianapolis Urban League Board Chair, and SBA Indiana Deputy District Director Martin Anderson.




 

Church leaders shared that this success wouldn’t be possible without community partners including Lake City Bank and the Marion County Prosecutor’s office.

 

Class Structure

OCC’s dfree 12-week class began on Feb. 7 and was divided into four levels: “Getting Started,” “Gaining Control,” “Getting Ahead” and “Giving Back.” In the first level, participants addressed their current financial state and clearly defined their life goals.


In level two, participants put these goals into action with the guidance of skilled facilitators. They created a spending plan, set milestones to financial freedom and were held accountable by their community of classmates.

 

“The presenters excel in their particular areas,” said Skipwith. “They come with valuable information, incentives and additional opportunities to aid in the dfree journey.”      

In level three, participants learned how to “maximize the margins” with methods that allow participants to build wealth, savings and an investment plan, while also minimizing stress through estate planning and other practices.


Level four brought OCC’s dfree class full-circle with the “Giving Back” level. In this final and pivotal level, participants invested in others through tithing, leadership/mentorship and community engagement. They were also charged to “Impact the Culture” by setting daily examples, pointing others to financial freedom and becoming a trained dfree class facilitator.

 

About Overcoming Church: Overcoming Church (OCC) opened its doors in December of 1992 in a downtown warehouse and has since expanded into a campus setting. Led by Senior Pastor Bruce Farr and Executive Pastor Loretta Farr, OCC is a thriving ministry growing to meet the needs of its surrounding community. OCC is a multi-cultural, non-denominational church with a passion to reach the lost and a commitment to equip and empower the believer through its 35 ministries along with discipleship groups and a variety of biblical foundational classes. OCC is located at 2203 Columbia Avenue, Indianapolis, IN 46205, and can be found on Facebook at Church Overcoming and Instagram @OvercomingChurch.

 

About dfree®: Founded in 2005 by DeForest B. Soaries, Jr., dfree® is a financial freedom movement that addresses the cultural, psychological and spiritual influences on financial wellness and offers practical strategies for achieving financial success. As the only faith-based, wealth-building system specifically designed with the black community in mind, dfree® delivers access to financial freedom. dfree® uses a variety of tools to educate, motivate and support people who make the choice to achieve and sustain financial freedom. 

It’s Time to Enroll in MoneyLion Banking 101

Thanks for your interest in joining the dfree® and MoneyLion community!

My name is Anscia, and I’m part of the MoneyLion family. As a recent graduate and new homeowner, I really value the financial tools I’ve received from my MoneyLion membership.

When I finished up my master’s program, got married, and moved all the way across the country to California two years ago, I had to figure out a financial game plan with my husband in a hurry. More than ever, I needed ways to keep my finances in check.

I not only started working at MoneyLion at this time, but I also started using the MoneyLion app to monitor my credit score, alert me when I’m spending too much, and provide me with financial literacy content. MoneyLion was the personal finance app that I needed!

Recently, after a year of renting, my husband and I decided to chase a wild dream — buy a house in the Bay Area. We had saved up for a down payment and monitored our credit scores using the app to prepare us to get the best interest rate on our mortgage. After months of searching, my husband and I purchased a 3-bedroom and 2.5 bathroom home with a backyard for our puppy to play in!

I also really enjoy my MoneyLion Visa Debit Card. I can earn cashback and rewards to spend on date nights with my husband or snacks for my puppy. Even after the purchase of our home, we’re still saving for our future. MoneyLion is continuing to help my family create healthy financial habits, which is our new lifestyle, especially when the world is moving pretty fast.

I hope you’ll enjoy MoneyLion membership benefits as much as I do. MoneyLion is honored to partner with dfree® to provide financial tools that empower you to attain your dreams, whether that’s homeownership, building generational wealth, or something unique to you.

There’s an entire community here rooting for you to join America’s most powerful financial membership today and start investing in you! Here We Roar.

Join the dfree® MoneyLion community today!

dfree®Financial Freedom Movement to Offer Solutions for African Americans to Break Financial Barriers with New MoneyLion Partnership

dfree®Financial Freedom Movement to Offer Solutions for African Americans to Break Financial Barriers with New MoneyLion Partnership

MoneyLion to provide powerful financial tools and services to help bring financial wellness to a traditionally underserved community

NEW YORK, NY – July 17, 2019 –According to FDIC, 21 percent of African Americans do not have a bank account and 33 percent are underbanked. For this reason, many African Americans rely on predatory payday lending options which result in high interest rates and the insurmountable reality of never paying them back and drowning in debt. Civil rights activist and author, Dr. DeForest B. Soaries, Jr. and the dfree®Financial Freedom Movementhave teamed up with MoneyLion, America’s most powerful financial membership, to combat these financial issues with real solutions for change. dfree® is a values-based, wealth-building system designed specifically with the black community in mind.

“dfree®was created to give African Americans freedom from the chains of high-interest debt and to assist in closing the wealth gap, and we are excited to finally share the tools with our community that will enable them to get ahead of their financial problems and make their goals achievable,” said Dr. DeForest B. Soaries Jr., Founder and CEO of dfree®. “One of my frustrations in the past has been that we’ve not been able to really help people solve financial problems. This partnership with MoneyLion provides hardworking individuals with real solutions for financial freedom.”

MoneyLion helps even the playing field to achieve financial wellness by providing the powerful tools people need to break free from financial stress, including a zero-fee checking account, zero-fee debit card, zero-fee managed investment account, 0% APR daily cash advances, cashback rewards, and personalized financial advice. Used by 5 million members, MoneyLion also provides access to responsible, low APR, credit-building loans that won’t continue the cycle of debt but rather put people in charge of their finances.

“Our mission at MoneyLion is to end financial stress for all Americans through unprecedented access to the tools they need to take control of their financial futures,” said Dee Choubey, CEO and Founder of MoneyLion. “Our partnership with dfree®will provide its members with access to our innovative and integrated technology platform to make financial freedom a reality.”

The dfree®strategy and curriculum prepares individuals to take charge of their financial future through literacy. Now, through the MoneyLion partnership, dfree®members are further empowered with access to powerful financial tools and state-of-the-art metrics to ensure continued success.

The partnership between dfree®and MoneyLion primarily focuses on two audiences: the unbanked and underbanked communities. For the unbanked population, MoneyLion offers its Core membership which includes free checking accounts, 0% APR cash advances, no overdraft fees and rewards. One of the major benefits for the underbanked population is that MoneyLion offers credit building loans at 5.99% APR in its Plus membership. Out of the current members, 70% have seen an increase in their credit scores. For fully banked dfree®members, MoneyLion offers easy-to-understand and manage investment opportunities for legacy building. One of the many reasons why predatory payday loans have had such success in urban communities is because they are advertised as a way for people with no or bad credit to get quick cash. MoneyLion offers access to new ways to save, invest, borrow and grow.

dfree®members can sign up for MoneyLion at a discounted rate to take advantage of zero-fee checking, hassle-free saving, fully managed investment accounts and personalized financial advice. MoneyLion will further amplify dfree®‘s existing 12-step program to becoming debt free and inspire the community to earn rewards, make smart investments and save for the future.

For more information about this partnership, please visit: http://get.moneylion.com/dfree/.

 

For media inquiries, please contact Jasmine Walden at jwalden@corpcominc.com.

 

About dfree Financial Freedom Movement:

As the only faith-based, wealth-building system specifically designed with the black community in mind, dfree® delivers access to financial freedom. dfree® uses a variety of tools to educate, motivate and support people who make the choice to achieve and sustain financial freedom. dfree® began as a faith-based initiative to help stem an epidemic of overspending, particularly in the African-American community. dfree® has grown into a movement that gives participants the: ability to handle their own financial responsibilities; willingness to help others do the same; and, capacity to leave assets for future generations.

In the tradition of Rev. Dr. Martin Luther King, Jr., dfree® also is a movement to help achieve economic justice in America. Rev. Dr. King once said, “We must never let it be said that we spend more for the evanescent and ephemeral than for the eternal values of freedom and justice.” dfree® emphasizes controlling money matters so that individuals have the freedom to focus on more purposeful pursuits.

About MoneyLion:

MoneyLion is America’s most powerful financial membership, which empowers people to take control of their finances. Since its launch in 2013, MoneyLion has amassed more than five million members and has earned its customers’ trust with new mobile onlinebankingand managedinvestmentservices that offer a one-of-a-kindcashback rewardsprogram, no-fee checking account, overdraft protection, andloansfunded in 15 seconds. From a single mobile app, users can get a 360-degree snapshot of their financial lives and have access to personalized tips and tools to build andimprove their creditand achieve everyday savings.

A brand committed to ending financial stress for all hard-working Americans, MoneyLion created the Financial Heartbeat, the industry’s first health tracker for finances. MoneyLion knows that good habits are formed over time, so the Financial Heartbeat rewards users for decisions that move them closer to their financial goals.

MoneyLion’s success relies on finding ways to make its members’ money work as hard as they do. MoneyLion is headquartered in New York City, with offices in San Francisco, Salt Lake City and Kuala Lumpur, Malaysia.

For more information, visitwww.moneylion.comor download the app.


Disclosure

MoneyLion’s affiliate, ML Wealth LLC, is a Registered Investment Advisor with the SEC. MoneyLion Plus members’ investments are protected by the SIPC (Securities Investor Protection Corporation) for up to $500,000. Brokerage services provided to clients of ML Wealth by Drive Wealth LLC, a member of FINRA/SIPC. Other services provided by our affiliates include ML Plus, LLC. This communication and all data are for informational purposes only and do not constitute a recommendation to buy or sell securities. Past performance is no guarantee of future results. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any securities or services.

The Legacy Lives On

The Legacy Lives On

By Nzingha Florence, Intern

When it comes to the word “legacy,” there are multiple definitions that are used to describe the meaning of this noun. After doing a quick Google search on the word legacy, I learned it is defined as an amount of money or property left to someone in a will or something handed down by a predecessor. While I believe all these definitions to be correct, watching the ‘Legacy Lives On’ documentary changed my perspective on the concept of legacy drastically, especially when I viewed it through the lens of being a young black woman in America. Legacy in this context is much more complex than passing on a simple gift from one generation to another. It’s about overcoming generational trauma and continuing to break down the barriers of racial injustice, just as our ancestors did before us.

Legacy Lives On aired on Wednesday June 19, 2019 at 9 p.m. EST on TV One. Urban One and Prudential Financial Inc. partnered to create a work that opened up the conversation of how financial freedom relates to legacy in the black community. Prior to watching this film, the idea of what I wanted my legacy to be was something that didn’t often cross my mind. That changed once I heard the stories of three black women from the creative and vibrant cities of Tulsa, Detroit, and Atlanta. Their stories exemplified how they wanted financial freedom not only to benefit themselves, but to benefit their families and their communities as well. In a country where the African American people have been systematically oppressed for centuries and it feels like we have no one to lean on but each other, the only way to continue our legacy is to support, uplift, and encourage one another in all aspects of life. One way legacy was described in the documentary was “planting seeds that will grow trees whose shade you will never sit under.” This was the quote that ultimately transformed my view on legacy. It revealed to me that my legacy shouldn’t just be about how my accomplishments are perceived, and that building a legacy worth continuing isn’t born out of selfishness. Legacy is about creating an ecosystem that is viable and transferable for all who come after you, even when you don’t reap the benefits of the seeds you planted. I realized that this was the similarity Onikah, Audrey, and Jewel shared in their stories, despite them being from different areas in the United States and going through different trials and tribulations. Something they equally share was their determination to excel financially as well as provide for those around them. Whether it be for their city, their children, or other black peers working towards the same goal as them, they were adamant in creating a legacy for a cause they cared about. They used resources geared towards helping diverse groups, such as Dr. DeForest Soaries’ dfree initiative and Atlanta’s diverse networking site The Gathering Spot, to take those steps towards building their legacy.

If I could describe the Legacy Lives On documentary in three words, it would be intriguing, inspirational, and inclusive. I admired the fact that a bit of each city’s history was shared for a better understanding of these women’s stories and the background behind their struggles.

I also applauded the imagery that was included to evoke feelings of African American pride and how our culture was embedded in the film in a way that was relatable. Another quote that I felt held significance was, “when money becomes reciprocal in the community, it stops feeling like money and starts to feel more like a bloodline.” There is a constant theme that reappears in this film about how when we view money as a tool to serve a greater purpose, we will use our money more wisely. This message is relevant for all age groups, but especially my generation because we are just now being introduced to the responsibilities that come with creating our own legacy and determining what we want that legacy to look like. Overall, Legacy Lives On is a film that emphasizes the importance of financial success and legacy within the black community, information we should all educate ourselves with to progress in society.

In the News: From Debt to Financial Freedom: Dr. Soaries Talks Building and Protecting a Legacy


This article originally appeared on MadameNoire.com.

African-American pastor and civil rights activist, Dr. DeForest Soaries, founder of the dfree® Financial Freedom movement, focuses on reducing debt and building wealth within black communities through his Billion Dollar Challenge campaign. Inspired by his late-grandmother, a woman who had no civil rights, but owned residential property, Soaries channeled his energy toward building wealth. In this clip presented by Prudential and Urban One, Soaries explains what it is to build and protect your legacy. From redeveloping neighborhoods to building institutions, Soaries encourages the Black community to be financially well and benefit from his ideas around money management.