Latest / The Steve Harvey Morning Show / Uplift: She oversees largest Black owned bank where paycheck paid 2 days early and 100,000+ Surcharge-Free ATMs.

Transcript

Uplift: She oversees largest Black owned bank where paycheck paid 2 days early and 100,000+ Surcharge-Free ATMs. · The Steve Harvey Morning Show

• 0:00
  Speaker 1: Hi, I'm Rashaan McDonald, our host the weekly Money Making
• 0:03
  Speaker 1: Conversation Masterclass show. The interviews and information that this show
• 0:06
  Speaker 1: provides are for everyone. It's time to stop reading other
• 0:10
  Speaker 1: people's success stories and start living your own. If you
• 0:13
  Speaker 1: want to be a guest on my show, please visit
• 0:15
  Speaker 1: our website Moneymakingconversations dot com and clip to be a guest,
• 0:20
  Speaker 1: but first to submit and information will come directly to me.
• 0:24
  Speaker 2: Now let's get this show started.
• 0:26
  Speaker 1: My guest is the president and chief operating officer a
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  Speaker 1: One United Bank. One United Bank is the nation's largest
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  Speaker 1: black owned bank and award winning community development financial institution.
• 0:39
  Speaker 1: It serves as a bridge by offering affordable financial services
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  Speaker 1: and promoting financial literacy. Please welcome to the Money Making
• 0:47
  Speaker 1: Conversation Masterclass. Terry Williams. How are you doing, Miss Williams.
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  Speaker 2: I'm great. It's good to be here. Okay.
• 0:55
  Speaker 1: You know I'm based in Atlanta. So where are you
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  Speaker 1: calling in from?
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  Speaker 2: I'm calling in from Miami.
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  Speaker 1: Miami, Florida. Okay. Now, One United Bank. I I talked
• 1:07
  Speaker 1: to Ken. I met him many many years ago in
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  Speaker 1: Los Angeles. Now, how did the One United Bank four
• 1:14
  Speaker 1: match start?
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  Speaker 3: So we started with a community bank in Boston, and
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  Speaker 3: we acquired four black owned banks, one here in Miami,
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  Speaker 3: which is where I am now, and two in LA
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  Speaker 3: and the one in Boston. We combined them into one
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  Speaker 3: and we changed our name to One United Bank. That
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  Speaker 3: was over twenty years ago, and since then we have
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  Speaker 3: launched a digital platform.
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  Speaker 2: We were actually the first digital.
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  Speaker 3: Black owned bank, and that was in two thousand and five,
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  Speaker 3: so twenty years ago. And from there we have become
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  Speaker 3: the largest black owned bank in the country with customers
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  Speaker 3: all over in all fifty states.
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  Speaker 1: Now, how could people get information about One United Bank?
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  Speaker 3: You can go to one United o Neunited dot com
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  Speaker 3: and you can learn about who we are, our technology,
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  Speaker 3: and you can also open up an account online within minutes.
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  Speaker 1: Okay, that's great because one thing I've always been mad
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  Speaker 1: about is that in the black community, community of color,
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  Speaker 1: they've taken all the brick and mortar banks basically out.
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  Speaker 1: You know, you talk about food deserts, in the black community,
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  Speaker 1: the financial desert doesn't even exist, and so we are
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  Speaker 1: prisoners of those high check cash in places I can't
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  Speaker 1: stand there. You go into the community of color, you
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  Speaker 1: see churches, you see these they call them hot sheets motels,
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  Speaker 1: you see liquor stores and these check cash in places.
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  Speaker 1: That really is embarrassing to me because you know, you
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  Speaker 1: got to get buzzed in, you got to get buzzed out.
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  Speaker 1: You bringing your money in there to get cash, and
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  Speaker 1: you're being treated like a criminal. And so it's so
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  Speaker 1: enlightening to have one United Bank positioned itself to make services,
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  Speaker 1: proper banking services available to our community in the digital format.
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  Speaker 1: Let's go in detail of why that's so important. Mis Williams.
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  Speaker 3: Yeah, you're absolutely right, and that's what we saw twenty
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  Speaker 3: years ago, where, first of all, where our community was
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  Speaker 3: actually at the forefront of digital you know, they talk
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  Speaker 3: about the digital divide, but the reality is that the
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  Speaker 3: black community, we were at the forefront of using technology,
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  Speaker 3: of using smartphones, of using social media, and so we
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  Speaker 3: saw the young people growing up in this environment and
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  Speaker 3: they didn't have a need to go into a branch
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  Speaker 3: as much as some of us older folks did. And
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  Speaker 3: so we, you know, twenty years ago, decided that we
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  Speaker 3: wanted to build this platform not only because the technology
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  Speaker 3: was important, but because of what you said, which is
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  Speaker 3: that the branches were declining in our community. And you know,
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  Speaker 3: one of the things about myself. I've lived in major cities,
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  Speaker 3: but I've also lived in rural America. And you know,
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  Speaker 3: there's just not enough financial services in rule America as well,
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  Speaker 3: and there are a lot of us that live in
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  Speaker 3: small towns.
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  Speaker 4: Now.
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  Speaker 1: I love people like Terry Williams because she knows her
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  Speaker 1: brand so well that I always like to have to
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  Speaker 1: do a pump the breaks because she slid rights by
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  Speaker 1: something that was so important, that's taking a picture of
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  Speaker 1: your payroll check.
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  Speaker 2: This is the.
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  Speaker 1: Part where I feel our community has been imprisoned by
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  Speaker 1: these high check cashing places. They go in there, they
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  Speaker 1: take a major portion of your check with these high fees,
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  Speaker 1: treat you like I'm just cherry. They treat I don't
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  Speaker 1: think to treat you well. I've been in there, I've
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  Speaker 1: seen it. I've been fighting this cherry since i've been
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  Speaker 1: when Steve Harven I was in LA back in two thousand,
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  Speaker 1: so I've been on a war path about this, and
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  Speaker 1: so when I that's why I'm such a fan of
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  Speaker 1: one United Bank.
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  Speaker 2: You know you I may not.
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  Speaker 1: I'm not a paid brand abaschetor. I'm just gonna put
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  Speaker 1: it out there, but I am an ambacheldor of Change.
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  Speaker 1: I am a bassador, ambassador of information and walk them
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  Speaker 1: through detail how they can take a picture dick check
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  Speaker 1: and how they can get their money back through the
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  Speaker 1: ATM services they are everywhere.
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  Speaker 3: Yes, yes, So again we realized that, you know, access
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  Speaker 3: to money, what's going to be is important, not what's
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  Speaker 3: going to be is important to our community. So you
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  Speaker 3: bring up ATM networks because people will be like, okay,
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  Speaker 3: if I bank with you, how do I get access
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  Speaker 3: to my money. We have the largest searcharge free ATM
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  Speaker 3: network then any other bank in the country. You can
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  Speaker 3: go if you're a customer when United, you can go
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  Speaker 3: into a Walgreens seven eleven. You can even go to
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  Speaker 3: a Chase Bank or a City bank and get access
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  Speaker 3: to your money without paying a fee. We have one
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  Speaker 3: hundred thousand surcharge free ATMs where you can access your money.
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  Speaker 3: And the reason that we did that is we you know,
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  Speaker 3: developed these partnerships, is because we realize that those you know,
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  Speaker 3: some of those ATMs. In fact, I have to say this,
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  Speaker 3: I was I needed cash, and I was in a
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  Speaker 3: hotel and I went to the hotel ATM to get
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  Speaker 3: some cash, and the fee was five dollars a ninety
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  Speaker 3: nine cent just to get access to one hundred dollars.
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  Speaker 2: It's crazy.
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  Speaker 3: So I say that to say we know that these
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  Speaker 3: fees add up, and that we have to be able
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  Speaker 3: to access our money and want to access and not
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  Speaker 3: only does deserve to access our money surcharge free. You mentioned,
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  Speaker 3: you know, getting paid two days or early. You know
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  Speaker 3: this is not a you know, payday advance loan. You
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  Speaker 3: know this is not something that we charge you for.
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  Speaker 3: If you bank with one United and you do a
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  Speaker 3: direct deposit of your paycheck as opposed to you getting
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  Speaker 3: that pay on Friday, you will get it on Wednesday,
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  Speaker 3: no fee, no charge.
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  Speaker 2: You just get your money early.
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  Speaker 3: Again, we recognize that that could make the difference between
• 7:26
  Speaker 3: you needing a payday loan or you not needing a
• 7:28
  Speaker 3: payday loan.
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  Speaker 1: And the key in this conversation, ladies and gentlemen, is
• 7:32
  Speaker 1: that you're now doing positive banking these high fee charging places.
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  Speaker 1: That's not banking. That's not banking. They're never going to
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  Speaker 1: improve your credit score, there's never going to be in
• 7:46
  Speaker 1: a position to give you a debit credit card. None
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  Speaker 1: of those things are going to happen if you continue
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  Speaker 1: to bank or do financial transactions with these high check
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  Speaker 1: cashing places. And that's important that we say this in
• 8:00
  Speaker 1: this interview, is that money making conversations masterclass is what
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  Speaker 1: I call education information. Terry Williams is on this show
• 8:10
  Speaker 1: because I asked her to come on the show because
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  Speaker 1: she's providing a service that everybody on this call need
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  Speaker 1: to hear. Because even I Rashawn McDonald, because I use ATMs, Terry,
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  Speaker 1: I bank with a particular bank. If I go to
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  Speaker 1: another bank that's not my bank, I get.
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  Speaker 2: Charged that fee.
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  Speaker 1: You talking about it? Yeah, Okay, Now she's telling you
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  Speaker 1: you bank with one United Bank, you can go anywhere
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  Speaker 1: no fee. That right there is the home run we're
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  Speaker 1: looking for. We are looking for as a community because
• 8:42
  Speaker 1: now we're banking. Take a picture of your check. I've
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  Speaker 1: done this.
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  Speaker 2: Now I've taken.
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  Speaker 1: A picture of Sometimes I go in the bank, I
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  Speaker 1: don't feel like standing in that line. I just go
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  Speaker 1: up there, take a picture of the check depositive and
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  Speaker 1: everything's good. Never never have to stand in a long line.
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  Speaker 1: So I know that even my bank, I use their service.
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  Speaker 1: So you could know that. Okay, Rishon, have you ever
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  Speaker 1: used that type of banking service? You wanted to deposit
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  Speaker 1: your check through a camera.
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  Speaker 2: And it goes it to your bank account.
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  Speaker 1: Yes, it does work like that. It works like that
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  Speaker 1: for me and can work like that for you. Now,
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  Speaker 1: when you start pushing this idea, how you getting the
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  Speaker 1: word out terry about this because it's so it's not
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  Speaker 1: even groundbreaking because guess what, like you said, black people
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  Speaker 1: and people of color have always used smartphones, have always
• 9:30
  Speaker 1: been at the fort tronk of video gaming digital and
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  Speaker 1: now we just need to start being acknowledged and start
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  Speaker 1: using it other than just taking pictures and texting people.
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  Speaker 3: Well, you know, I have to say that this has
• 9:44
  Speaker 3: been a really wonderful but long journey.
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  Speaker 2: And what I mean by that is, you know, there was.
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  Speaker 3: A time when people didn't even know that black banks existed.
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  Speaker 3: You know, they are like, oh no, you know, and
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  Speaker 3: you know one of the things that you mentioned, Yes
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  Speaker 3: I'm the president and see oh but I'm actually also
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  Speaker 3: the owner of the bank. And so there, you know,
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  Speaker 3: I always said I have to pop my head out
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  Speaker 3: and say, see, I'm black, you know, and that, you know,
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  Speaker 3: because people are like, oh, black people don't.
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  Speaker 2: Own banks, you know.
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  Speaker 3: But and and I will also say that we as
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  Speaker 3: a community need to learn to trust each other with
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  Speaker 3: our business. With our business. We are a FDIC insured bank.
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  Speaker 3: We are a real bank, not a fintech, not somebody
• 10:32
  Speaker 3: that's you know, asking you for your money and your
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  Speaker 3: confidential information but doesn't have.
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  Speaker 2: The full faith and credit.
• 10:38
  Speaker 3: We have the full faith, faith and credit of the
• 10:42
  Speaker 3: US government for the bank. So you know, there's sort
• 10:47
  Speaker 3: of a mistrust that we have to get over as
• 10:50
  Speaker 3: a community. There's also a need for financial literacy. This
• 10:54
  Speaker 3: is where you know, your podcast, where your your program
• 10:58
  Speaker 3: comes in, because we we do need to get educated.
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  Speaker 3: You know, I sometimes get annoyed when people talk about
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  Speaker 3: black folks and try to make it seem like we're
• 11:11
  Speaker 3: not good with money. We are great with money. We
• 11:14
  Speaker 3: are great with money. We've always been great with money.
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  Speaker 3: We don't have the same income. You know, we have
• 11:21
  Speaker 3: faced discrimination.
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  Speaker 2: We have been.
• 11:24
  Speaker 3: Actually precluded from We were the asset that was owned
• 11:28
  Speaker 3: and we couldn't buy assets, We couldn't live where we
• 11:31
  Speaker 3: wanted to live because of laws.
• 11:33
  Speaker 2: That discriminated against us.
• 11:36
  Speaker 3: But if you look at you know what we are
• 11:38
  Speaker 3: able to accomplish given the amount of income that we
• 11:42
  Speaker 3: do have. We've accomplished a tremendous amount.
• 11:45
  Speaker 2: But we do need to.
• 11:46
  Speaker 3: Learn more about how wealthy people build wealth.
• 11:52
  Speaker 2: And I, you know, I say this to everyone. One
• 11:54
  Speaker 2: of the ways.
• 11:55
  Speaker 3: One of the things that wealthy people know about building
• 11:58
  Speaker 3: wealth is that you have to say up an automatic
• 12:01
  Speaker 3: way to save.
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  Speaker 2: If you don't have an automatic.
• 12:04
  Speaker 3: Way of saving, if it goes in your pocket, you're
• 12:07
  Speaker 3: more likely to spend it.
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  Speaker 2: So you got to put aside, you know, whatever it is.
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  Speaker 3: I don't care if it's a dollar a week, ten
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  Speaker 3: dollars a week, hundred dollars, whatever you you think you
• 12:17
  Speaker 3: can afford to put a side into a savings account automatically.
• 12:22
  Speaker 3: It should go from your paycheck into a savings account,
• 12:25
  Speaker 3: or your paycheck to a four to one k, or
• 12:28
  Speaker 3: your paycheck to an investment account, and not go in
• 12:31
  Speaker 3: your pocket because if it goes in your pocket, you're
• 12:34
  Speaker 3: more likely to spend it. That's what wealthy people know,
• 12:37
  Speaker 3: and they've been doing this for many, many years. And
• 12:39
  Speaker 3: you look up and you see that you have a
• 12:41
  Speaker 3: substantial investment account or savings account. But these are things
• 12:46
  Speaker 3: that you know, we just need to learn. It's like
• 12:49
  Speaker 3: learning the games, Like learning a video game.
• 12:51
  Speaker 2: You got to know the rules.
• 12:54
  Speaker 3: In fact, you know, let me bring up another thing
• 12:56
  Speaker 3: you talk about check cashers. Check cashers only report to
• 12:59
  Speaker 3: the credit Euros when you don't pay them, so it
• 13:03
  Speaker 3: can only negatively impact your credit score. We said, that's crazy,
• 13:09
  Speaker 3: you know, with our cast Please program, which again the
• 13:12
  Speaker 3: interest rate is you know, one twentieth of that of
• 13:15
  Speaker 3: the check casher, but we also report positive payments, so
• 13:21
  Speaker 3: it can actually improve your credit score.
• 13:24
  Speaker 4: Please don't go anywhere. We'll be right back with more
• 13:27
  Speaker 4: Money Making Conversations Masterclass. Welcome back to the Money Making
• 13:36
  Speaker 4: Conversations Masterclass hosted by Rashaan McDonald for.
• 13:40
  Speaker 2: Our community to understand.
• 13:41
  Speaker 3: Not only do we have an app, but we also
• 13:44
  Speaker 3: use artificial intelligence. Now, this is sort of a new
• 13:48
  Speaker 3: thing that you know, some people are afraid of, but
• 13:52
  Speaker 3: it is the future and it is important for us
• 13:55
  Speaker 3: to see the future. So we have something called wise
• 13:58
  Speaker 3: one and what it is is a service that looks
• 14:03
  Speaker 3: at your bank account and provides you with insights about
• 14:08
  Speaker 3: how you could make more money. It will tell you
• 14:12
  Speaker 3: things like, you know, did you know that your bill
• 14:15
  Speaker 3: from you know, AT and T went up last month?
• 14:20
  Speaker 3: Do you know that you paid Netflix twice? You have
• 14:23
  Speaker 3: two Netflix bills? Do you know that you have some
• 14:27
  Speaker 3: additional cash that you should move to savings. It will
• 14:31
  Speaker 3: provide you with insights to your spending to help you
• 14:35
  Speaker 3: make better financial decisions. And it uses data aggregation, so
• 14:42
  Speaker 3: it can combine not only your bank account with US,
• 14:45
  Speaker 3: it can combine your mortgage. It can combine other accounts
• 14:48
  Speaker 3: you have with other organizations all into one. It will
• 14:52
  Speaker 3: tell you what your net worth is. It'll tell you
• 14:55
  Speaker 3: what your cash flow is, your income, your expenses, and
• 15:00
  Speaker 3: it'll tell you how you can reduce your dat and
• 15:03
  Speaker 3: how you can reduce your expenses. Which bills should you
• 15:07
  Speaker 3: pay first? You can either pay the highest the bill
• 15:11
  Speaker 3: with the highest interest.
• 15:12
  Speaker 2: Rate, or.
• 15:16
  Speaker 3: You can pay a bill that has a low interest rate.
• 15:20
  Speaker 3: But that is a smaller bill, right.
• 15:23
  Speaker 1: I'm a big fan of to get rid of the
• 15:26
  Speaker 1: small ones.
• 15:27
  Speaker 2: Yes, I am too. I am too out of college.
• 15:31
  Speaker 1: You know what I'm saying Exactly if you see a
• 15:33
  Speaker 1: medical degree gonna take you eight years to get to,
• 15:36
  Speaker 1: I'm gonna take some course. It's gonna make me happy
• 15:39
  Speaker 1: off some low bills immediately. I'm paying off those low
• 15:41
  Speaker 1: bill at least. That's called goal setting. A lot of
• 15:46
  Speaker 1: people get traumatized because they they set the wrong goal
• 15:50
  Speaker 1: and they then they, as they say in the neighborhood,
• 15:53
  Speaker 1: bite off more than you can shoot. R. Taylor, let
• 15:57
  Speaker 1: me let me just it's something you want to launch
• 15:59
  Speaker 1: on my show. I'm so proud that Terry chose and
• 16:01
  Speaker 1: launches on my show. I feel so good. I feel
• 16:04
  Speaker 1: like money made conversation. Get up in the big world.
• 16:06
  Speaker 1: One United Bank has come here.
• 16:08
  Speaker 2: Now you got the.
• 16:09
  Speaker 1: Fifteenth annual I Got Bank Youth Financial Literacy competition for
• 16:15
  Speaker 1: kids eight through twelve. Till us about that?
• 16:17
  Speaker 3: Yeah, So, like you said, it's our fifteenth year and
• 16:21
  Speaker 3: we provide a way for kids to learn about money.
• 16:26
  Speaker 3: I actually wrote a book called I Got Bank. If
• 16:30
  Speaker 3: you go to one Night dot com slash book, you
• 16:32
  Speaker 3: can learn about the contest, but you can also download
• 16:35
  Speaker 3: the book, so we make it free and it's a
• 16:38
  Speaker 3: book that teaches kids everything they need to know about money.
• 16:44
  Speaker 3: It's actually about a young boy named Jazz Ellington. He
• 16:48
  Speaker 3: is ten years old and his brother, his sister, and
• 16:53
  Speaker 3: his mother are trying to spend his savings. He saves
• 16:57
  Speaker 3: a little over two thousand dollars because he did what
• 17:00
  Speaker 3: his granddad taught him to do.
• 17:02
  Speaker 2: He just saved his money.
• 17:04
  Speaker 3: His money went right into his savings account, but his mother,
• 17:08
  Speaker 3: his brother, and sister are trying to.
• 17:09
  Speaker 2: Spend his money.
• 17:11
  Speaker 3: And the reason that I wrote that story is because
• 17:13
  Speaker 3: for a lot of us in our community, you know,
• 17:15
  Speaker 3: we might have one of us that is done okay,
• 17:19
  Speaker 3: and then everyone else, you know, wants to figure out
• 17:22
  Speaker 3: how that one person can help. And sometimes it's hard
• 17:26
  Speaker 3: for us to help everybody, but Jazz figures it out.
• 17:29
  Speaker 3: But this book, this essay contest, we give ten kids
• 17:34
  Speaker 3: a thousand dollars savings account, and all they have to
• 17:39
  Speaker 3: do is read a book, whether it's my book that
• 17:43
  Speaker 3: they can get for free or another financial literacy book,
• 17:47
  Speaker 3: and talk about how that book can help them help
• 17:51
  Speaker 3: their family. Now I say that, and this is what
• 17:55
  Speaker 3: I also say on your show.
• 17:57
  Speaker 2: We're not asking you for a book report. We don't
• 18:00
  Speaker 2: want a book report.
• 18:01
  Speaker 3: We want you to tell us what you learned from
• 18:04
  Speaker 3: the book and how you can use that learning to
• 18:07
  Speaker 3: build wealth for you and your family. We choose ten
• 18:11
  Speaker 3: or do a piece of art, So you could either
• 18:13
  Speaker 3: write an essay or do a piece of art, and
• 18:17
  Speaker 3: we will choose ten winners, and on August thirty first,
• 18:21
  Speaker 3: we will announce the winners.
• 18:23
  Speaker 2: Of the I Got Bank Essay contest.
• 18:26
  Speaker 3: Ten winners, ten kids win a thousand dollars savings account.
• 18:30
  Speaker 1: No, not, Terry, if you're going to launch it on
• 18:32
  Speaker 1: my show, you gotta come back on my show and
• 18:35
  Speaker 1: now it's the.
• 18:36
  Speaker 2: Winnow, Yes, I will. I absolutely will do that.
• 18:39
  Speaker 3: I would love to do that and maybe even have
• 18:41
  Speaker 3: one of the winners, one of the kids. I'm on
• 18:44
  Speaker 3: the show because I will tell you that it's amazing
• 18:48
  Speaker 3: what these kids write, what they learn. They are so
• 18:51
  Speaker 3: much further along than I know I was at ten
• 18:54
  Speaker 3: years old. Part of the reason I wrote the book
• 18:57
  Speaker 3: is because I couldn't figure out money when I was ten,
• 19:00
  Speaker 3: and I was like, that shouldn't be the case. And
• 19:02
  Speaker 3: these kids, either from reading my book or reading some
• 19:05
  Speaker 3: other book, they learn about money at a very young age,
• 19:09
  Speaker 3: and it makes it. In fact, I think all the
• 19:11
  Speaker 3: kids that participate our winners. I mean, we definitely have
• 19:15
  Speaker 3: the ten winners, but really every child that participates in
• 19:18
  Speaker 3: this contest wins.
• 19:20
  Speaker 1: So let measure you this, Terry, how do they apply?
• 19:24
  Speaker 3: They go to one United dot Com slash book.
• 19:27
  Speaker 1: Here's a lot of things are happening out there in
• 19:29
  Speaker 1: the community that affects our popa book.
• 19:32
  Speaker 2: What should black people be.
• 19:33
  Speaker 1: Doing with their money in these uncertain times?
• 19:35
  Speaker 2: Yeah, no, it's a really good question.
• 19:39
  Speaker 3: So we should know that there's likely to be some
• 19:42
  Speaker 3: sort of recession and there's likely to also be inflation.
• 19:47
  Speaker 3: This is twenty twenty five, and with everything that's going on,
• 19:51
  Speaker 3: there's something called stagflation. Your audience will hear that word.
• 19:55
  Speaker 2: More and more. And what it.
• 19:57
  Speaker 3: Is is usually when there's inflation, it's because the economy
• 20:01
  Speaker 3: is growing, or when there's you know, a loss of employment,
• 20:07
  Speaker 3: the economy is declining. In this case, what they're expecting
• 20:11
  Speaker 3: is that there to be inflation or increase in prices
• 20:15
  Speaker 3: and at the same time an increase in unemployment. And
• 20:21
  Speaker 3: because of that, what I say to everyone, hold on
• 20:24
  Speaker 3: to your job. This is not a time to be
• 20:27
  Speaker 3: taking a new job. We're always the last hired, first fire,
• 20:32
  Speaker 3: so hold on to your job. The second is to
• 20:36
  Speaker 3: start saving more and spending less because this economy is
• 20:41
  Speaker 3: going to be very, very difficult. Those are my two recommendations.
• 20:49
  Speaker 3: Hold on to your job, start spending less, saving more.
• 20:53
  Speaker 1: The narrative that's put out there is that Terry Wibbs
• 20:58
  Speaker 1: does not exist. The narrative that's put out there is
• 21:01
  Speaker 1: that one United Bank does not exist because when they
• 21:06
  Speaker 1: use the words like DEI, and they use the words
• 21:10
  Speaker 1: like welfare, they use the words like unemployment, they use
• 21:13
  Speaker 1: the words like anything that is negative, they make it
• 21:18
  Speaker 1: seem like black people are the sole benefactors of this,
• 21:22
  Speaker 1: and that's not true. White women dominate all those categories.
• 21:30
  Speaker 1: When they came out there screaming by DEI when those
• 21:33
  Speaker 1: planes crashed, you know, they was insinuating us. But that's
• 21:40
  Speaker 1: not true, like we were the ones benefited from DEI.
• 21:43
  Speaker 1: I will close the show with one question that's going
• 21:46
  Speaker 1: to be an extensive response by you because of the
• 21:49
  Speaker 1: one transaction concept, which focused on six major transactions that
• 21:55
  Speaker 1: working together will create generational wealth. I'm allowed the floor
• 22:00
  Speaker 1: to run them down to us and tell us the
• 22:02
  Speaker 1: importance to the floors.
• 22:04
  Speaker 2: Yeah.
• 22:05
  Speaker 3: Yeah, that's one of the things that we think is
• 22:08
  Speaker 3: important for our community to know, is that it really
• 22:10
  Speaker 3: is one transaction that can make a difference between you
• 22:14
  Speaker 3: being wealthy or not, in fact, building generational wealth, and
• 22:19
  Speaker 3: the six transactions include home ownership. In fact, that's one
• 22:24
  Speaker 3: of the other things that we have. If you go
• 22:26
  Speaker 3: to one Unite Dot com slash home loans.
• 22:29
  Speaker 2: You'll learn that we.
• 22:30
  Speaker 3: Are providing twenty five to fifty thousand dollars in downpayment
• 22:34
  Speaker 3: assistance to first time home buyers. So home ownership is one.
• 22:39
  Speaker 3: The second is insurance. Life insurance. Life insurance is a
• 22:46
  Speaker 3: really inexpensive way to build generational wealth. So whether that's
• 22:50
  Speaker 3: your parents or your grandparents, make sure they have insurance
• 22:52
  Speaker 3: so that when they pass that that those funds go to.
• 22:56
  Speaker 2: You or your or your childrens.
• 23:00
  Speaker 3: You know, look at investments as an option again, make
• 23:03
  Speaker 3: sure it goes from your paycheck into an investment account. Business,
• 23:13
  Speaker 3: you know, small businesses having a profitable business. So whether
• 23:19
  Speaker 3: it's you have a you know, sort of a gig
• 23:20
  Speaker 3: on the side, or whether you are an entrepreneur, but
• 23:24
  Speaker 3: having a profitable business can make the difference between you know,
• 23:28
  Speaker 3: you building wealth or you not building wealth. Credit score,
• 23:35
  Speaker 3: credit score is important, and that's why you know these
• 23:38
  Speaker 3: check cashers, they're they're worse, you know, because of the
• 23:41
  Speaker 3: the high interest rate that they charged. They actually only
• 23:47
  Speaker 3: can hurt your credit, they can't help your credit. Building
• 23:52
  Speaker 3: your credit is really important and again can make the difference.
• 23:57
  Speaker 3: And so if you can take those transactions home ownership, savings,
• 24:01
  Speaker 3: credit scores, profitable business insurance investments. If you look focused
• 24:07
  Speaker 3: on those six transactions, you can build generational wealth, and
• 24:11
  Speaker 3: you should focus on one of them. Just focus on
• 24:14
  Speaker 3: one and again. If you go to our website one
• 24:18
  Speaker 3: night dot com slash one Transaction, you will see all
• 24:21
  Speaker 3: of the six transactions and a step by step guide
• 24:24
  Speaker 3: that you can take to build generational wealth. Don't focus
• 24:28
  Speaker 3: on all six, focus on one.
• 24:32
  Speaker 1: Well, she's come on my show, Ladies and gentlemen. Terry Williams,
• 24:37
  Speaker 1: Owner President COO or one United Bank. There are three
• 24:41
  Speaker 1: uols that are important to remember from this call. One
• 24:45
  Speaker 1: United buck dot com. Going there, you can shut up
• 24:49
  Speaker 1: an account which will allow you to be able to
• 24:53
  Speaker 1: deposits your checks. Do direct deposits, get you paid two
• 24:57
  Speaker 1: days earlier. It allows you to go to any ATM
• 25:00
  Speaker 1: in this country with no fees charge and remove money
• 25:03
  Speaker 1: from your account that you've set up with One United.
• 25:06
  Speaker 1: They have a contest called It's the fifteenth Daniel I
• 25:09
  Speaker 1: Got Banked Youth Financial Literacy competition for kids eight through twelve.
• 25:14
  Speaker 1: That's eight through twelve. Ten kids will win one thousand
• 25:18
  Speaker 1: dollars saves account one ten kids. It's an artwork or
• 25:24
  Speaker 1: an essay. It's about financial literacy. It's about your approach
• 25:28
  Speaker 1: to success. That's one United Slash book. And it's the
• 25:33
  Speaker 1: last thing we talked about was the one Transaction concept.
• 25:37
  Speaker 1: It's one United Slash, one Transaction. Thank you Terry for
• 25:42
  Speaker 1: coming on my show, Money Making Conversation Massaclins and I'm
• 25:45
  Speaker 1: telling you right now, you change some lives today, my friend.
• 25:48
  Speaker 1: I appreciate you taking the time because you are a
• 25:49
  Speaker 1: busy person. You are the town. Money you count I
• 25:52
  Speaker 1: need to put them in the bank.
• 25:55
  Speaker 2: Thank you for having me now. I really appreciate it.
• 25:58
  Speaker 3: And yeah, like I said, you're doing your so I
• 26:01
  Speaker 3: really appreciate you sharing this knowledge with the.
• 26:04
  Speaker 1: World and we will thank you again. This has been
• 26:07
  Speaker 1: another edition of Money Making Conversation Masterclass hosted by me
• 26:11
  Speaker 1: Rushaun McDonald. Thank you to our guests on the show
• 26:14
  Speaker 1: today and thank you listening to the audience now. If
• 26:17
  Speaker 1: you want to listen to any episode I want to
• 26:19
  Speaker 1: be a guest on the show, visit Moneymakingconversations dot com.
• 26:23
  Speaker 1: Our social media handle is money Making Conversation. Join us
• 26:26
  Speaker 1: next week and remember to always leave with your gifts.
• 26:29
  Speaker 2: Keep winning