Uplift: She compares how different early investment plans grow exponentially.

Strawberry Letter

iHeartPodcasts

Relationships, Society & Culture

4.4 • 1.6K Ratings

🗓️ 31 May 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Sonia Fears.

First Vice President and Financial Advisor at Morgan Stanley. She leads The Fears Group, a wealth management team specializing in alternative investments, retirement planning, and financial education.

🔑 Key Themes & Highlights

Building a Legacy Through Family Business

Fears built a family practice at Morgan Stanley with her two daughters.
She emphasized the importance of generational wealth and passing financial knowledge down.

Financial Education & Wealth Management

Many in the Black community lack access to financial education, leading to lost wealth.
Fears stressed that financial literacy is available to everyone, not just those with advanced degrees.

High-Yield Savings & Investment Strategies

Traditional banks offer low interest rates, while Morgan Stanley’s Preferred Savings Program provides 4.6% on cash deposits.
She explained how banks use deposited money for overnight lending, profiting more than account holders.

Power of Compound Interest

Fears illustrated how starting early leads to significantly higher returns over time.
She compared two individuals saving at different ages, showing how early investment grows exponentially.

529 Plans & Roth IRAs for College Savings

A 529 plan helps families save for college, and unused funds can be rolled into a Roth IRA.
Roth IRAs allow tax-free growth, making them a powerful tool for long-term wealth building.

Name, Image & Likeness (NIL) Financial Planning

Young athletes earning NIL money need financial education to manage their earnings wisely.
The Fears Group provides guidance for athletes and their families to ensure long-term financial stability.

📘 About Sonia Fears
Sonia Fears is a leading financial expert specializing in stocks, savings programs, compounded interest portfolios, and lines of credit. She has over 17 years of experience in wealth management, previously working at Merrill Lynch before joining Morgan Stanley.

She is a Global Sports & Entertainment Director, helping clients in sports, entertainment, and business navigate financial success.

#AMI

#BEST

#STRAW

#SHMS

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	This is an IHeart podcast.
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0:18.0	This is Absolute Season 1, Taser Incorporated.
0:21.7	I get right back there and it's bad.
0:25.0	Listen to Absolute Season 1, Taser Incorporated on the IHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
0:34.8	Why is a soap opera Western like Yellowstone so wildly successful?
0:39.9	The American West with Dan Flores is the latest show from the Meat Eater Podcast Network.
0:45.9	So join me starting Tuesday, May 6th, where we'll delve into stories of the West
0:50.5	and come to understand how it helps inform the ways in which we experience the region today.
0:57.6	Listen to the American West with Dan Flores on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts.
1:04.7	Sometimes as dads, I think we're too hard on ourselves.
1:07.7	We get down on ourselves on not being able to, you know, we're the providers,
1:12.1	but we also have to learn to take care of ourselves. A wrap away, you've got to pray for yourself
1:17.0	as well as for everybody else, but never forget yourself. Self-love made me a better dad
1:22.6	because I realized my worth. Never stop being a dad. That's dedication.
1:28.3	Find out more at fatherhood.gov.
1:30.6	Brought to you by the U.S. Department of Health and Human Services and the Ad Council.
	...

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