Latest / The Steve Harvey Morning Show / Wole Coaxum Full Interview

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Wole Coaxum Full Interview · The Steve Harvey Morning Show

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Speaker 1: overcoming the arts, and how to live a balanced life.
1:52
Speaker 1: My next guest is the founder and chief executive officer
1:55
Speaker 1: of Mobility Capital Finance, Incorporated in fourteen. As the city
2:00
Speaker 1: of Ferguson, Missouri, erupted into protests following the shooting death
2:04
Speaker 1: of them on armed black teenager sounds familiar. An Oxford
2:08
Speaker 1: educated African American financial executive setting this office at the
2:11
Speaker 1: Fortunate one hundred company and decided and considered ways to
2:15
Speaker 1: close the economic gap. Two years later, that executive launched
2:19
Speaker 1: a digital banking platform that would target them more than
2:23
Speaker 1: fifty million unbanked and underbanked people living in this country.
2:28
Speaker 1: Please welcome to money making conversation, role coax him. Thank
2:33
Speaker 1: you very much for Sean. It's great to be with you. Well, uh,
2:36
Speaker 1: that's a pretty dramatic opening. That's uh an inspiration. We
2:41
Speaker 1: all need to be inspired by something. We all need
2:44
Speaker 1: to look at, look in the mirror and saying it's
2:45
Speaker 1: this my ultimate path, this is my journey. You know,
2:49
Speaker 1: we all go to school, you highly educated. And then
2:52
Speaker 1: we opened about this conversation about an on armed black man,
2:56
Speaker 1: young teenager, and in that was this world is in
3:01
Speaker 1: the world. I say it's an emotional turner turner all
3:04
Speaker 1: because of what happened to George Floyd in Minnesota. With
3:08
Speaker 1: that being said, in the middle of a pandemic and
3:11
Speaker 1: you saw something, sir, and I I give a lot
3:15
Speaker 1: of speeches. I'm on news all the time, talking about
3:18
Speaker 1: economic crisis, and it all keeps going back to the minorities,
3:23
Speaker 1: people of color, African American who are suffering, who don't
3:27
Speaker 1: have the right banking talked to us about that whole
3:29
Speaker 1: process that's starting in and we're gonna come forward to
3:33
Speaker 1: because what you created is definitely needed. I know that
3:37
Speaker 1: for a fact, and that's why I have your money
3:39
Speaker 1: making conversations. Yeah, so you know the reality is that, Um,
3:45
Speaker 1: when I was at my job, I was one of
3:48
Speaker 1: the most senior Black people at JP Morgan, and I
3:52
Speaker 1: realized that where I was sitting, I was not in
3:56
Speaker 1: a position to impact my community where I come from,
4:00
Speaker 1: to my people, and I wanted out a stage in
4:05
Speaker 1: life where I said, you know what, I'd rather try
4:08
Speaker 1: and solve this problem and fail than to stay in
4:13
Speaker 1: my job and keep doing what I'm doing, because at
4:15
Speaker 1: least I can have the satisfaction in life of trying
4:19
Speaker 1: to tackle it. And I was so frustrated with being
4:23
Speaker 1: in conversations with people talking about the problem and not
4:28
Speaker 1: really having a conversation about, well, here's some tangible solutions.
4:33
Speaker 1: So I thought, let me take my training. I've been fortunate,
4:37
Speaker 1: fortunate to have worked at some of the biggest financial
4:40
Speaker 1: services companies in this country with some well known people,
4:44
Speaker 1: and I said, let me take this training and see
4:46
Speaker 1: if I can bring it back to my community. UM.
4:49
Speaker 1: And that's how we got to mokify. And we all
4:52
Speaker 1: have our moments in life. But when I was watching
4:55
Speaker 1: ferguson Burn, it reminded me of episodes of I as
5:00
Speaker 1: on the Prize that so many of us grew up
5:02
Speaker 1: watching as a as a young person, and so many
5:05
Speaker 1: more of us lived through UM in the civil rights era.
5:10
Speaker 1: And I just thought that, you know what, there's got
5:13
Speaker 1: to be a better way. And got all this training,
5:15
Speaker 1: Let's see if you can put it to you. So
5:16
Speaker 1: that was my sort of George Floyd moment happened um then,
5:21
Speaker 1: and it put me in a position to ask some
5:25
Speaker 1: difficult questions. Why do black folks spend more than on
5:35
Speaker 1: banking products in their white counterparts every month? Right? Why
5:39
Speaker 1: is it that, over the course of a lifetime, a
5:42
Speaker 1: black person can spend forty dollars more for banking services
5:49
Speaker 1: than their counterpart. And how can we have an impact?
5:51
Speaker 1: Because it's all about how do we create wealth in
5:53
Speaker 1: our communities? And it's got to start by not going
5:56
Speaker 1: to the check casher hapsolutely you know, you know in
6:01
Speaker 1: two thousands, you know, when I was doing radio, Steve Harman,
6:04
Speaker 1: I was doing radio just watching them going to Compton.
6:07
Speaker 1: These czecks hashings just outrageous fees they're paying in watts
6:10
Speaker 1: and competence South l A. And not only just there,
6:13
Speaker 1: but in the Fifth War and the third wards of Houston,
6:15
Speaker 1: Texas and south side of Chicago. You know, in the
6:18
Speaker 1: communities of Harlem, New York, and other boroughs in the
6:21
Speaker 1: d C Area. Everywhere you go, black people are being
6:24
Speaker 1: exploited because they don't have access to the correct way
6:28
Speaker 1: to you to to to to receive their money and
6:31
Speaker 1: deposit their money. That's exactly right, and there's an assumption
6:35
Speaker 1: that those are the right ways that should serve the
6:38
Speaker 1: black community. The fact that they're more check cashers than
6:41
Speaker 1: there are McDonald's and burger Kings in this country tells
6:45
Speaker 1: you a lot. Right of the black of the bank
6:48
Speaker 1: branches that are closed in this country have been in
6:50
Speaker 1: low and modern income communities, and that's our community. So
6:56
Speaker 1: we can do better. And I wanted to try to
6:58
Speaker 1: be a part of that conversation as um and to
7:01
Speaker 1: bring it to today, to your point we're seeing the
7:05
Speaker 1: implications of being on the outside looking in from the
7:08
Speaker 1: financial services perspective. How does that manifest itself? It manifests
7:12
Speaker 1: itself in such a way that you've got um, hundreds
7:16
Speaker 1: of thousands of people who still haven't collected there. Yes,
7:26
Speaker 1: if you couple or five hundred dollars a child, if
7:30
Speaker 1: child has not turned eighteen, that's exactly right. And so
7:35
Speaker 1: why are we, the most vulnerable of us, need these dollars?
7:41
Speaker 1: And yet if we're waiting for a check, and even
7:44
Speaker 1: if we get the check, we still got to go
7:46
Speaker 1: to the check casher to cash it. Oh, but by
7:49
Speaker 1: the way, the check casher is I've got to leave
7:53
Speaker 1: my home to get there. That puts me at risk,
7:56
Speaker 1: you know, with this COVID nineteen situation. And so now
8:00
Speaker 1: I've got to risk my life to cash a check
8:05
Speaker 1: that and I oh, by the way, I'm not gonna
8:06
Speaker 1: get my full twelve gotta pay a fee to get
8:09
Speaker 1: that money in the first place. I mean, it all
8:11
Speaker 1: doesn't make sense. And also, let's remind this, and you're
8:14
Speaker 1: cashing it not in the most friendly environment. You know,
8:18
Speaker 1: you got a buzz in fifteen inch glass. They don't
8:22
Speaker 1: even trust you as a customer. They don't see you
8:24
Speaker 1: as a lawyer customer. They don't want to grow your money.
8:27
Speaker 1: They don't want to posit your money. They want they
8:29
Speaker 1: want to just see you for that one time, get
8:31
Speaker 1: what they can get out of you, buzz you out.
8:34
Speaker 1: So it's never environment that they wants you to bring
8:37
Speaker 1: your children into. There's nobody there with a lollipops that
8:42
Speaker 1: condition environment what you sit on the chair, you know
8:44
Speaker 1: what I'm talking This is this. That's how people do
8:47
Speaker 1: quality banking when you want to put your money in.
8:50
Speaker 1: This is the environment that they're not used to. So
8:52
Speaker 1: guess what generation behind you sees that and say that's
8:55
Speaker 1: how I do my money too. That's how I'm supposed
8:58
Speaker 1: to live. That's why I say now I had to
8:59
Speaker 1: bring you the show man. This is just right here.
9:01
Speaker 1: We just started scratching the surface of the greatness of
9:04
Speaker 1: what you have come about, what you're delivering, because I'm
9:08
Speaker 1: at the forefront of just black people. You know, they
9:11
Speaker 1: when these dollars dim, the checks going straight to the
9:14
Speaker 1: people who file taxes and they then that money gets
9:16
Speaker 1: returned back to the government. They never see it because
9:19
Speaker 1: they don't have bank accounts, right right, right. And the
9:24
Speaker 1: thing about it is a bank account. It sounds so simple,
9:27
Speaker 1: but for so many of us, it's not that simple.
9:30
Speaker 1: And one of the things that we're imagining a world
9:34
Speaker 1: is we're going to transform the stores and the locations
9:38
Speaker 1: where we live into virtual bank branches. So what we're
9:43
Speaker 1: what we're setting up is you can get there's a
9:45
Speaker 1: free a t M network. We've got an a t
9:47
Speaker 1: M network. You can get your cash out for free.
9:49
Speaker 1: I don't care what your balances. We're not charging a
9:51
Speaker 1: monthly minimum fee. We're not charging you um to set
9:55
Speaker 1: up the account. You can start transacting with us for free,
9:58
Speaker 1: and you get the state of the art plastic touchless.
10:03
Speaker 1: It's got a chip in it, it's got a pen,
10:05
Speaker 1: because that's what we deserve because our philosophy is if
10:07
Speaker 1: you bring a high quality product to a large market,
10:11
Speaker 1: you've got a game with the business. So anyway, so
10:13
Speaker 1: we're transforming the walmarts, the CVS is, the Riot aids
10:18
Speaker 1: into places where you can put cash in your account
10:22
Speaker 1: for free, take cash out of your account for free,
10:24
Speaker 1: and we're allowing people to take checks, pictures of their
10:27
Speaker 1: check and that money will be deposited into your account
10:31
Speaker 1: for free, real time. There's no reason you need to
10:33
Speaker 1: go to a check cash or ever again if you
10:35
Speaker 1: work with and and the part that I'm so excited about.
10:40
Speaker 1: I'm excited about so many parts of this and you're not.
10:45
Speaker 1: You know this is this is where I'm excited, so
10:48
Speaker 1: is Dad. See what black people or people of color
10:51
Speaker 1: I have to have to learn and understand that that
10:53
Speaker 1: cell phone is a mini computer, oh a meaning computer.
10:58
Speaker 1: And that is the game change that we have to
11:00
Speaker 1: educate them about because you're about to get hit again
11:03
Speaker 1: with this potential home schooling are are are because of pandic,
11:09
Speaker 1: because of the pandemic and COVID eighteen. We have to
11:11
Speaker 1: learn that this this little app that you can drop,
11:14
Speaker 1: that you can did you did you feel it's only
11:17
Speaker 1: for texting, for taking photos and making phone calls? Is
11:21
Speaker 1: the game changer for your financial life. That is what
11:25
Speaker 1: I really want to pound on this interview is that
11:28
Speaker 1: you know, black people about more Android phones than anybody
11:31
Speaker 1: in the world Black people right right right, And when
11:36
Speaker 1: I saw this, I went Okay, as a team, we
11:39
Speaker 1: have to I have to talk to him because I
11:41
Speaker 1: gotta figure out a way to be able to sell this.
11:44
Speaker 1: I got you know, I got a bi monthly newsletter
11:46
Speaker 1: goes out the ninety thousand fans every month, and to
11:50
Speaker 1: grow is growing, and I want to drop this information
11:53
Speaker 1: in there. You know. Sometimes they're block you on Facebook
11:56
Speaker 1: when you start talking financial and stuff like that. But
11:58
Speaker 1: I have my own assets and I can put the
12:00
Speaker 1: word out because this type of information that you're delivering
12:05
Speaker 1: has to be told and has to be shared because
12:07
Speaker 1: of the fact that if we don't understand that that
12:10
Speaker 1: that this this pandemic should be an eye opening from
12:13
Speaker 1: the technology side or the lack of information that we're
12:17
Speaker 1: using through technology. And this mobility app that you created,
12:21
Speaker 1: that mobility Capital finance app is the game changer, sir.
12:25
Speaker 1: It's the game change. Uh well, the things that I
12:29
Speaker 1: appreciate that and we want to be very much a
12:32
Speaker 1: part of your getting the word out. So I look
12:34
Speaker 1: forward to taking advantage of how you reach your ninety
12:37
Speaker 1: and growing. Um, I got eight hundred thousands on my Facebook.
12:41
Speaker 1: I got another hundred thousands. We're gonna figure out how
12:43
Speaker 1: to get this out there, you know, And I just
12:45
Speaker 1: know that sometimes we say financial money in your copy,
12:49
Speaker 1: you know, Facebook or Flag and all this, But we're
12:52
Speaker 1: gonna figure this out because you you just say mobility,
12:55
Speaker 1: capital finance. I think I can get that out like that.
12:57
Speaker 1: But I just know that you to be smart, you
13:00
Speaker 1: know when you trying to reach your people. I got
13:02
Speaker 1: eighty eight percent of my excuse me, of my followers
13:05
Speaker 1: on my Facebook account are female, which are the decision
13:09
Speaker 1: makers who are the usually the people who handle the
13:12
Speaker 1: purse strings. So I know I have the right audience
13:16
Speaker 1: to be able to communicate. Is just being able to
13:18
Speaker 1: get you on the show. Let you know I'm a fan,
13:21
Speaker 1: and let you know I have a high degree of
13:22
Speaker 1: sincerity when I'm talking to you. Well, I appreciate that
13:26
Speaker 1: very much. You when you talk about the your your
13:30
Speaker 1: your fan base, and your women, that reminds me of
13:35
Speaker 1: something my mom says often, which is stopping the women
13:38
Speaker 1: stops the power. And so we need to empower women
13:44
Speaker 1: so they are because they really do. M have the
13:47
Speaker 1: responsibility of managing our owns and managing our lives. One
13:50
Speaker 1: of the things that I've been very we're very focused
13:53
Speaker 1: on is around and and and just peep this around
13:59
Speaker 1: grant aiments being a way that people can build their
14:03
Speaker 1: credit score. So if you think about it, for many
14:07
Speaker 1: of us, our rent payment on a monthly basis is
14:12
Speaker 1: the largest expense that we have each month, and so
14:18
Speaker 1: few of us actually get that payment into the credit file.
14:24
Speaker 1: We make that free for people. We we enable that
14:27
Speaker 1: and it's free to people. So if they pay their
14:29
Speaker 1: rent on our platform and they can give us the
14:31
Speaker 1: name of their landlord and we can send the landlord
14:33
Speaker 1: a check, we can at the same time provide the
14:38
Speaker 1: two of the bureaus, Equifax and TransUnion that information and all.
14:44
Speaker 1: By the way, that was that was brilliant, sir. That
14:48
Speaker 1: was I've read that. I went, that's brilliant because you know,
14:51
Speaker 1: and that's true because of the fact that you know,
14:55
Speaker 1: they don't report that, and so that's the number one
14:58
Speaker 1: thing that we do is pay rent. Pay rent okay,
15:02
Speaker 1: and the fact that you can't even get credit for
15:05
Speaker 1: paying rent. And when I saw that part, I went, wow, Wow,
15:10
Speaker 1: this is brilliant. This is brilliant. Now how are you
15:13
Speaker 1: because I see years which is not enough. We are
15:16
Speaker 1: not even close to our number. How do we get
15:19
Speaker 1: that number moving exponentially in the black community. That's a
15:25
Speaker 1: great question. So we think about it in two ways.
15:27
Speaker 1: It's having this conversation, uh and having as many of
15:31
Speaker 1: your readers and listeners UM tune in and try us
15:37
Speaker 1: out UM and making sure that people understand the value.
15:41
Speaker 1: So that's part of it. We we we too are really
15:45
Speaker 1: trying to improve our digital game UH and spend time
15:51
Speaker 1: on the various social media platforms where people are looking
15:54
Speaker 1: for solutions. And then we're also just but you know,
15:58
Speaker 1: if you look at our community and our history, movements
16:01
Speaker 1: start from the bottom up, right, and so we just
16:04
Speaker 1: need to be in the community. For example, we're in
16:08
Speaker 1: Newark and the folks who are in a summer job
16:12
Speaker 1: program working with the City of Newark, they're using our
16:16
Speaker 1: platform to get paid their summer wages. Instead of getting
16:19
Speaker 1: gift cards, they're actually opening up a full d d
16:22
Speaker 1: a bank account on our platform. Right, We've got folks
16:26
Speaker 1: in Brooklyn who are um getting some COVID relief dollars
16:32
Speaker 1: and they are instead of getting along gift cards, they
16:37
Speaker 1: are able to sign up and get their dollars by
16:40
Speaker 1: opening up an account with us, and the organizations are
16:43
Speaker 1: putting dollars into those accounts. So it's those kinds of opportunities.
16:47
Speaker 1: We've got folks in Atlanta who are we're helping provide
16:52
Speaker 1: through some philanthropic dollars rent relief so people don't get
16:59
Speaker 1: evicted from their homes and at the same time saying
17:01
Speaker 1: now is the time for you to think about improving
17:05
Speaker 1: your banking situation so you don't have to waste money
17:08
Speaker 1: on excess fees. So we're just trying to go through
17:11
Speaker 1: all the channels of with great community partners, folks like
17:15
Speaker 1: yourselves who reach such an important audience, UH to tell
17:20
Speaker 1: the story and hopefully each person that uses the product,
17:23
Speaker 1: they'll tell a friend and you know, we'll grow out
17:26
Speaker 1: that way. One of the things that's credit is you
17:28
Speaker 1: can send money to another Mokifi we called Mobility Capital Finance.
17:33
Speaker 1: We go buy mokifi another Mokify card holder for free instantaneously,
17:41
Speaker 1: versus going to Western Union Exactly. I'm telling it's finally
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Speaker 1: dot Ai. This is a This is a lot of
19:46
Speaker 1: stuff going on, you know, because you know when you
19:48
Speaker 1: when you when you sit on the other side, and
19:51
Speaker 1: just like you you said, on the other side, and
19:54
Speaker 1: you do business a certain way and you're going to bank,
19:56
Speaker 1: they look at you different and bank accoud looks different.
19:58
Speaker 1: And then I see my people living a life struggling, struggling,
20:05
Speaker 1: and then you're struggling because I grew up in the
20:09
Speaker 1: inner city, so I know struggle and um and so
20:13
Speaker 1: this this is such a quality mission. And the reason
20:15
Speaker 1: I keep bringing it up is that black people function
20:18
Speaker 1: in this country and we don't get credit for how
20:21
Speaker 1: we function. And that's what racism is all about. And
20:24
Speaker 1: we don't get in function and that's the problem we're
20:26
Speaker 1: having right now with with with with the with these
20:29
Speaker 1: Confederate statutes. See, if you actually taught our history, it
20:33
Speaker 1: put us in the history books, You're clearly understand those
20:36
Speaker 1: statues should never have been up. You'll clearly understand what
20:39
Speaker 1: we've had to do. But they take all that Jim
20:41
Speaker 1: Crow out of the history books use because white people
20:44
Speaker 1: don't want to feel uncomfortable reading about how they treated blacks.
20:48
Speaker 1: They don't feel uncomfortable how they were hanging blacks, how
20:51
Speaker 1: they were denying blacks opportunities. That's uncomfortable part of history.
20:54
Speaker 1: So flash forward, they go, what's the problem, what's the
20:58
Speaker 1: problem with the flag? What's prob would the statues the heroes?
21:05
Speaker 1: Because they removed all that information as to why they
21:08
Speaker 1: are not heroes to the people in power and for
21:12
Speaker 1: the people who have suffered. The indignity is because of
21:16
Speaker 1: that situation that they put us in. And So when
21:18
Speaker 1: I see your app and I see technology, because that's
21:22
Speaker 1: the one thing that came out of this whole pandemic
21:24
Speaker 1: for me, that black people we got to put our
21:28
Speaker 1: foot to the metal and technology, Yeah, yeah, I agree
21:32
Speaker 1: with that on a percent. And technology is the great
21:35
Speaker 1: uh equalizer. If you will. To your point, we all
21:38
Speaker 1: have the same phone. Uh there's more technology and the
21:42
Speaker 1: phones that we have today than there was and they
21:44
Speaker 1: put someone on the moon, um, you know, fifty years ago.
21:49
Speaker 1: So the power is there. But we have another fundamental problem,
21:53
Speaker 1: which you what you remind me of, right, thirty six
21:56
Speaker 1: percent of black households do not have internet or computer access.
22:01
Speaker 1: That's right, you know, so we have to deal with
22:04
Speaker 1: some fundamental Banking is a fundamental thing. It's mobile, and
22:08
Speaker 1: I think that allows us to bank the way we
22:10
Speaker 1: want to be banked because we're pretty sophisticated. People give
22:13
Speaker 1: us a good product, and that's what that That's what
22:16
Speaker 1: I'm saying. There's twenty five. We got to move that
22:18
Speaker 1: number because we don't know. I'm gonna tell you some man,
22:23
Speaker 1: nobody likes just giving away their money. Okay, nobody likes
22:26
Speaker 1: going down to those check cashing place. I know nobody
22:28
Speaker 1: leaves they're happy. I never see anybody click their heels
22:32
Speaker 1: come out of the check cashing man. Okay, Like I said,
22:35
Speaker 1: they gotta budge you in. It's just just like going
22:37
Speaker 1: into jail. Took get your money. It's term. It's terrible,
22:41
Speaker 1: and so and so and so when I and and
22:43
Speaker 1: it just and so when I when I hear you're talking.
22:46
Speaker 1: That's why I have to realize that that that they're
22:49
Speaker 1: the opportunity with this phone to be let them know
22:52
Speaker 1: there's more than just a phone, because through limited education,
22:55
Speaker 1: that's all we think there is. We think I talk,
22:57
Speaker 1: I text, I take photos, that sit app because those
23:01
Speaker 1: apps have no value to them. They don't care about
23:05
Speaker 1: running the call, they don't care about airline, airline tickets,
23:09
Speaker 1: they don't care about a lot of things that are
23:10
Speaker 1: important to you and I. All they care about is
23:13
Speaker 1: their money. And there's no there to not knowledge. There's
23:17
Speaker 1: no app on there that can help them with their money.
23:20
Speaker 1: And that's what we got to educate our people about.
23:23
Speaker 1: That's right. What we think about the world in three plays,
23:25
Speaker 1: in three ways. One, we want to get people banged.
23:28
Speaker 1: Sent to your point, half of African Americans are unbanked
23:34
Speaker 1: or underbanked. That's that we don't have to live that way.
23:37
Speaker 1: The second is we want to help people build their
23:38
Speaker 1: credit score. And um we're doing through rent payments. We
23:42
Speaker 1: report to the two of the bureaus and that and
23:45
Speaker 1: of the self consadium money. Because you know there are
23:47
Speaker 1: these credit repair places that most could charge you, you know,
23:51
Speaker 1: hundred dollars, two hundred dollars to get you fifty points.
23:54
Speaker 1: Um see the commercials, I see the commercial on our platform.
23:59
Speaker 1: You know you can. We can take up to two
24:01
Speaker 1: years of rental history. And this is not gonna be
24:04
Speaker 1: true for everybody, but the statistics suggests that over will
24:08
Speaker 1: see and improvement in their credit score. We have seen
24:11
Speaker 1: people get up to fifty to points of credit score
24:16
Speaker 1: improvement by taking rent payments and going back two years.
24:20
Speaker 1: And that can be done in a relatively short period
24:22
Speaker 1: of time. So that's the second part. And then the
24:24
Speaker 1: third part. If you've got your banking right, if you've
24:27
Speaker 1: got your credit score right, then we can start talking
24:30
Speaker 1: about how do we build wealth. Can you buy a house?
24:33
Speaker 1: Can you start that, uh, that new business? Can you
24:38
Speaker 1: think about maybe putting some couple of dollars aside and
24:41
Speaker 1: putting it in the stock market? So how do we
24:44
Speaker 1: start to create? And then what we do is we
24:46
Speaker 1: provide coaches free to people that understand you that a
24:52
Speaker 1: coach that looks like your your cousin or your sister,
24:55
Speaker 1: who you know it's got your best interest in heart,
24:57
Speaker 1: not just trying to sell you the next shiny object. Um,
25:03
Speaker 1: so we're trying to think about it holistically and tell
25:06
Speaker 1: in terms of banking, building credit and then creating wealth
25:10
Speaker 1: in our communities. And so I'm with you. You want
25:12
Speaker 1: to I don't want the twenty five thousand, Well, next
25:15
Speaker 1: time I come on your show, I wanted to be
25:16
Speaker 1: a hundred thousand. It has to be. And I'm not
25:20
Speaker 1: saying that in a negative manner. I just don't know that.
25:24
Speaker 1: I just know that, you know that. That's all I
25:26
Speaker 1: do is market you know. I just think of ways
25:28
Speaker 1: of being able to get the message out and that
25:31
Speaker 1: messages that phone and and understand it's almost like you
25:34
Speaker 1: know what, you know what a noys to me? Like
25:36
Speaker 1: you you you're you're buy a phone, or you buy
25:38
Speaker 1: a computer, you get a remote and Netflix already on
25:40
Speaker 1: the remote, it's already. If you don't have if you
25:46
Speaker 1: don't is there, it is there already, you know what
25:49
Speaker 1: I'm saying. And so so in my mind, I'm sitting
25:51
Speaker 1: over here, how can I get his app phone? I'm
25:54
Speaker 1: saying right there, That's where I'm at right now. I'm
25:57
Speaker 1: trying to figure out how can I not have his
26:00
Speaker 1: app standard on every black phone in the minority community.
26:04
Speaker 1: How can we how can we not make that happen?
26:07
Speaker 1: Because I see it happening with Netflix, right I this
26:14
Speaker 1: happened on the regular. You know, you look at you,
26:16
Speaker 1: look at TV. Twitter already getting self promoted to follow Twitter,
26:20
Speaker 1: follow Facebook, you know all of you know, follow, follow,
26:23
Speaker 1: all these all these different brands. You are a brand,
26:27
Speaker 1: coax them. And my mind is like, how can I
26:30
Speaker 1: get this brand to become relevant to the black community.
26:33
Speaker 1: One of the ways it has to become a standard
26:35
Speaker 1: bearer for opportunity. And we have to talk to the
26:39
Speaker 1: right people. And right now, right now, everybody's talking about diversity.
26:44
Speaker 1: Everybody's talking about trying to help out black people, trying
26:46
Speaker 1: to equal the playing field. My man, you have the software.
26:52
Speaker 1: Now you have to talk to the right people. Go look,
26:55
Speaker 1: if you're trying to help the black community, to get
26:57
Speaker 1: them out of those check hashes. I got it here.
27:00
Speaker 1: There's no agenda tie to it. Make it, make it
27:03
Speaker 1: a make it a loadable feature, right right, let's right,
27:12
Speaker 1: that's ada. That's that's that's a great idea. That's exactly right,
27:16
Speaker 1: and it's just right there. People don't have to think
27:18
Speaker 1: about it, just just sign up. And that's the other thing.
27:22
Speaker 1: So many of us may find ourselves if we were
27:25
Speaker 1: to go to a traditional bank excluded because they might check.
27:30
Speaker 1: They might they do check the check system. And if
27:34
Speaker 1: you have a history of UM a bank account problem,
27:39
Speaker 1: they're not gonna open up account for you. We don't
27:41
Speaker 1: have that problem. We want everybody right. We just want
27:44
Speaker 1: to make sure you are you stare you are. You
27:46
Speaker 1: can open up your account. It takes three minutes and
27:48
Speaker 1: at the end of the process, you've got your six
27:51
Speaker 1: team digital account number. You can start charging, and you've
27:54
Speaker 1: got your UM account number and routing number. You can
27:59
Speaker 1: start doing rectorposit and keep this. In the coming couple
28:04
Speaker 1: of weeks, we're gonna have a set up that you
28:05
Speaker 1: can get your paycheck two days early if you do
28:09
Speaker 1: director posit with us. Okay, cool, I'm in. I'm in.
28:13
Speaker 1: You know. We need to stay in touch her, all right.
28:16
Speaker 1: We need to stay in touch from the standpoint of UH,
28:20
Speaker 1: any tool I have available because in the end, I've
28:25
Speaker 1: been fortunate. I'm just have a natural drive just like you. UM.
28:29
Speaker 1: You know, we all have different hands that we have
28:31
Speaker 1: been dealt. But it's what you deal with those opportunities.
28:35
Speaker 1: So and I don't feel that I'm I can't be
28:37
Speaker 1: happy if everybody if I'm not at least sharing the
28:41
Speaker 1: gifts that God has given me. And that's what this is,
28:43
Speaker 1: what this interview is about. And uh, and I just
28:46
Speaker 1: wanted my my my take on this would let you know,
28:49
Speaker 1: I get what you do with my friend, I get it.
28:52
Speaker 1: We gotta we gotta, we gotta quadruple that number. We
28:56
Speaker 1: gotta we gotta do some mad math. Or my degree
28:58
Speaker 1: is in mathematics. We gotta do mad math on that
29:01
Speaker 1: number because if we if we don't, then we're not
29:05
Speaker 1: doing what it's purpose. We're not. The purpose of it
29:08
Speaker 1: is to is to engage African America or people of
29:11
Speaker 1: color financially to a level playing field, better credit, better
29:17
Speaker 1: banking that we pay more fees than anybody. We got
29:20
Speaker 1: to stop all that, right right, and and you know
29:24
Speaker 1: what happens you give us a level playing field. Guess
29:27
Speaker 1: who wins? We do all the time, and guess who
29:32
Speaker 1: else wins? The country wins. And that's what makes me
29:34
Speaker 1: mad about racism. I always tell people, you know what,
29:36
Speaker 1: some man all my life, I'm I'm a black man.
29:39
Speaker 1: I groping up black. All I ever wounded man was
29:42
Speaker 1: the was the lifestyle of a white person. That's why
29:45
Speaker 1: I went to college to get educated so I can
29:48
Speaker 1: live in a better neighborhood. All I've ever wanted was
29:50
Speaker 1: my child to have a better life than I have.
29:52
Speaker 1: What does the same values to everybody in America wants.
29:55
Speaker 1: But because when you try to pursue these values, people
29:58
Speaker 1: looking at it because of our color, the color skating,
30:01
Speaker 1: we're not giving equal opportunity to have that same opportunity
30:04
Speaker 1: because guess what, they don't want us to move into suburbs,
30:06
Speaker 1: then we don't want us to move in the better
30:08
Speaker 1: they woods. And so when I say this, I'm not
30:10
Speaker 1: saying this as a as a radical person. I'm just
30:13
Speaker 1: saying the facts is you give us an opportunity, we
30:17
Speaker 1: become better taxpaying citizens. The community gets better, the education
30:22
Speaker 1: gets better, the jail system is less important in our community,
30:26
Speaker 1: and America wins. That is how you make America better. Well,
30:34
Speaker 1: the that is a that is very true. I can't
30:38
Speaker 1: agree with that more. And the reality is um that
30:43
Speaker 1: if we do become fully a part of the economy,
30:46
Speaker 1: the whole place gets better. Yes, and we're able to
30:49
Speaker 1: get all votes rise. It's not. It's not at the
30:52
Speaker 1: expense of somebody else. All votes rise. And that's what
30:55
Speaker 1: we got to keep in mind. My friend, we will
30:58
Speaker 1: talk soon. You just let me know if you want
31:00
Speaker 1: to a zoom call or whatever. Um and my passion
31:03
Speaker 1: and my God, the talents the God gave him. My
31:06
Speaker 1: DNA is allied with what you're trying to do. Let's
31:10
Speaker 1: let's let's just change the world, Okay, especially in the
31:12
Speaker 1: minority communities. All right, all day, I'm your partner on that.
31:16
Speaker 1: Thank you, sir. I appreciate you. Thank you for calling
31:18
Speaker 1: my show, Money Making Conversation. If you want to hear
31:21
Speaker 1: any interview, just go to Money Making Conversation dot com.
31:24
Speaker 1: I'm ra Sean McDonald. I'm your host. In this season
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