# Uplift: She oversees largest Black owned bank where paycheck paid 2 days early and 100,000+ Surcharge-Free ATMs.

An episode of [Money Making Conversations Master Class](https://invisiblenetwork.ai/podcast/1264705641), 6 May 2025, 27 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/b1db7263-d1a3-4d00-8976-af62012aab44/81226f97-8d79-48d5-96a0-b2d300f7c509/audio.mp3?utm_source=Podcast&in_playlist=35a10561-3e1b-4d05-a529-af62012aab6a

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Teri Williams. President, COO, and owner of OneUnited Bank, the largest Black-owned bank in the United States. Here's a breakdown of the key highlights and takeaways: 🔑 Key Themes & Takeaways 1. OneUnited Bank’s Mission & Reach • Formed by merging four Black-owned banks in Boston, Miami, and Los Angeles. • First Black-owned digital bank (since 2005). • Serves customers in all 50 states. • Offers accessible, affordable financial services and promotes financial literacy. 2. Digital Banking for Underserved Communities • OneUnited provides: • Mobile check deposit (via smartphone). • Early direct deposit (get paid 2 days early). • Access to 100,000+ surcharge-free ATMs (including Walgreens, 7-Eleven, Chase, Citibank). • Designed to combat financial deserts and predatory check-cashing services in Black communities. 3. Financial Literacy & Trust • Teri emphasizes the need for Black communities to trust Black-owned institutions. • OneUnited is FDIC-insured and uses cutting-edge technology, including AI. • Financial literacy is key to building generational wealth. 4. WiseOne AI Tool • An AI-powered financial assistant that: • Tracks spending and subscriptions. • Offers insights on saving and debt reduction. • Aggregates data from multiple accounts to show net worth, cash flow, and financial health. 5. Youth Financial Literacy – “I Got Bank” Contest • 15th annual contest for kids ages 8–12. • Participants submit an essay or artwork based on a financial literacy book. • Ten winners receive $1,000 savings accounts. • Book: I Got Bank by Teri Williams (available free at oneunited.com/book). 6. OneTransaction Concept • Focuses on six key financial transactions to build generational wealth: • Homeownership • Life Insurance • Investments • Profitable Business • Credit Score • Savings • Encourages individuals to focus on just one to start their wealth-building journey. • Learn more: oneunited.com/onetransaction 💬 Notable Quotes • “We are a real bank, not a fintech. We are FDIC-insured.” • “We are great with money. We just haven’t always had access.” • “Focus on one transaction. That’s all it takes to start building generational wealth.” #STRAW #BEST #SHMS Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcast See omnystudio.com/listener for privacy information.

## Transcript

[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
[0:30] Speaker 1: One United Bank. One United Bank is the nation's largest
[0:34] 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
[0:43] 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.
[0:52] 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
[0:58] Speaker 1: calling in from?
[1:00] Speaker 2: I'm calling in from Miami.
[1:02] 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
[1:10] Speaker 1: Los Angeles. Now, how did the One United Bank four
[1:14] Speaker 1: match start?
[1:17] Speaker 3: So we started with a community bank in Boston, and
[1:21] Speaker 3: we acquired four black owned banks, one here in Miami,
[1:25] Speaker 3: which is where I am now, and two in LA
[1:29] Speaker 3: and the one in Boston. We combined them into one
[1:33] Speaker 3: and we changed our name to One United Bank. That
[1:38] Speaker 3: was over twenty years ago, and since then we have
[1:43] Speaker 3: launched a digital platform.
[1:45] Speaker 2: We were actually the first digital.
[1:47] Speaker 3: Black owned bank, and that was in two thousand and five,
[1:52] Speaker 3: so twenty years ago. And from there we have become
[1:55] Speaker 3: the largest black owned bank in the country with customers
[2:00] Speaker 3: all over in all fifty states.
[2:03] Speaker 1: Now, how could people get information about One United Bank?
[2:09] Speaker 3: You can go to one United o Neunited dot com
[2:13] Speaker 3: and you can learn about who we are, our technology,
[2:18] Speaker 3: and you can also open up an account online within minutes.
[2:23] Speaker 1: Okay, that's great because one thing I've always been mad
[2:27] Speaker 1: about is that in the black community, community of color,
[2:30] Speaker 1: they've taken all the brick and mortar banks basically out.
[2:34] Speaker 1: You know, you talk about food deserts, in the black community,
[2:37] Speaker 1: the financial desert doesn't even exist, and so we are
[2:42] Speaker 1: prisoners of those high check cash in places I can't
[2:50] Speaker 1: stand there. You go into the community of color, you
[2:53] Speaker 1: see churches, you see these they call them hot sheets motels,
[2:58] Speaker 1: you see liquor stores and these check cash in places.
[3:01] Speaker 1: That really is embarrassing to me because you know, you
[3:05] Speaker 1: got to get buzzed in, you got to get buzzed out.
[3:08] Speaker 1: You bringing your money in there to get cash, and
[3:10] Speaker 1: you're being treated like a criminal. And so it's so
[3:14] Speaker 1: enlightening to have one United Bank positioned itself to make services,
[3:20] Speaker 1: proper banking services available to our community in the digital format.
[3:26] Speaker 1: Let's go in detail of why that's so important. Mis Williams.
[3:30] Speaker 3: Yeah, you're absolutely right, and that's what we saw twenty
[3:32] Speaker 3: years ago, where, first of all, where our community was
[3:37] Speaker 3: actually at the forefront of digital you know, they talk
[3:40] Speaker 3: about the digital divide, but the reality is that the
[3:43] Speaker 3: black community, we were at the forefront of using technology,
[3:47] Speaker 3: of using smartphones, of using social media, and so we
[3:50] Speaker 3: saw the young people growing up in this environment and
[3:53] Speaker 3: they didn't have a need to go into a branch
[3:55] Speaker 3: as much as some of us older folks did. And
[3:58] Speaker 3: so we, you know, twenty years ago, decided that we
[4:01] Speaker 3: wanted to build this platform not only because the technology
[4:06] Speaker 3: was important, but because of what you said, which is
[4:09] Speaker 3: that the branches were declining in our community. And you know,
[4:13] Speaker 3: one of the things about myself. I've lived in major cities,
[4:17] Speaker 3: but I've also lived in rural America. And you know,
[4:21] Speaker 3: there's just not enough financial services in rule America as well,
[4:26] Speaker 3: and there are a lot of us that live in
[4:28] Speaker 3: small towns.
[4:29] Speaker 4: Now.
[4:30] Speaker 1: I love people like Terry Williams because she knows her
[4:33] Speaker 1: brand so well that I always like to have to
[4:35] Speaker 1: do a pump the breaks because she slid rights by
[4:39] Speaker 1: something that was so important, that's taking a picture of
[4:42] Speaker 1: your payroll check.
[4:45] Speaker 2: This is the.
[4:46] Speaker 1: Part where I feel our community has been imprisoned by
[4:50] Speaker 1: these high check cashing places. They go in there, they
[4:54] Speaker 1: take a major portion of your check with these high fees,
[4:57] Speaker 1: treat you like I'm just cherry. They treat I don't
[4:59] Speaker 1: think to treat you well. I've been in there, I've
[5:02] Speaker 1: seen it. I've been fighting this cherry since i've been
[5:05] Speaker 1: when Steve Harven I was in LA back in two thousand,
[5:09] Speaker 1: so I've been on a war path about this, and
[5:13] Speaker 1: so when I that's why I'm such a fan of
[5:15] Speaker 1: one United Bank.
[5:16] Speaker 2: You know you I may not.
[5:18] Speaker 1: I'm not a paid brand abaschetor. I'm just gonna put
[5:20] Speaker 1: it out there, but I am an ambacheldor of Change.
[5:23] Speaker 1: I am a bassador, ambassador of information and walk them
[5:27] Speaker 1: through detail how they can take a picture dick check
[5:31] Speaker 1: and how they can get their money back through the
[5:34] Speaker 1: ATM services they are everywhere.
[5:36] Speaker 3: Yes, yes, So again we realized that, you know, access
[5:40] Speaker 3: to money, what's going to be is important, not what's
[5:43] Speaker 3: going to be is important to our community. So you
[5:46] Speaker 3: bring up ATM networks because people will be like, okay,
[5:49] Speaker 3: if I bank with you, how do I get access
[5:51] Speaker 3: to my money. We have the largest searcharge free ATM
[5:55] Speaker 3: network then any other bank in the country. You can
[5:58] Speaker 3: go if you're a customer when United, you can go
[6:00] Speaker 3: into a Walgreens seven eleven. You can even go to
[6:04] Speaker 3: a Chase Bank or a City bank and get access
[6:06] Speaker 3: to your money without paying a fee. We have one
[6:11] Speaker 3: hundred thousand surcharge free ATMs where you can access your money.
[6:16] Speaker 3: And the reason that we did that is we you know,
[6:18] Speaker 3: developed these partnerships, is because we realize that those you know,
[6:23] Speaker 3: some of those ATMs. In fact, I have to say this,
[6:26] Speaker 3: I was I needed cash, and I was in a
[6:29] Speaker 3: hotel and I went to the hotel ATM to get
[6:32] Speaker 3: some cash, and the fee was five dollars a ninety
[6:35] Speaker 3: nine cent just to get access to one hundred dollars.
[6:40] Speaker 2: It's crazy.
[6:42] Speaker 3: So I say that to say we know that these
[6:46] Speaker 3: fees add up, and that we have to be able
[6:49] Speaker 3: to access our money and want to access and not
[6:52] Speaker 3: only does deserve to access our money surcharge free. You mentioned,
[6:58] Speaker 3: you know, getting paid two days or early. You know
[7:00] Speaker 3: this is not a you know, payday advance loan. You
[7:04] Speaker 3: know this is not something that we charge you for.
[7:06] Speaker 3: If you bank with one United and you do a
[7:09] Speaker 3: direct deposit of your paycheck as opposed to you getting
[7:12] Speaker 3: that pay on Friday, you will get it on Wednesday,
[7:16] Speaker 3: no fee, no charge.
[7:19] Speaker 2: You just get your money early.
[7:22] 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.
[7:30] 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.
[7:40] Speaker 1: That's not banking. That's not banking. They're never going to
[7:43] 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
[7:49] Speaker 1: of those things are going to happen if you continue
[7:52] Speaker 1: to bank or do financial transactions with these high check
[7:57] 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
[8:05] 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
[8:12] Speaker 1: she's providing a service that everybody on this call need
[8:16] Speaker 1: to hear. Because even I Rashawn McDonald, because I use ATMs, Terry,
[8:21] Speaker 1: I bank with a particular bank. If I go to
[8:23] Speaker 1: another bank that's not my bank, I get.
[8:26] Speaker 2: Charged that fee.
[8:26] Speaker 1: You talking about it? Yeah, Okay, Now she's telling you
[8:31] Speaker 1: you bank with one United Bank, you can go anywhere
[8:36] Speaker 1: no fee. That right there is the home run we're
[8:39] 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
[8:45] Speaker 1: done this.
[8:45] Speaker 2: Now I've taken.
[8:46] Speaker 1: A picture of Sometimes I go in the bank, I
[8:48] Speaker 1: don't feel like standing in that line. I just go
[8:51] Speaker 1: up there, take a picture of the check depositive and
[8:54] Speaker 1: everything's good. Never never have to stand in a long line.
[8:57] Speaker 1: So I know that even my bank, I use their service.
[9:00] Speaker 1: So you could know that. Okay, Rishon, have you ever
[9:03] Speaker 1: used that type of banking service? You wanted to deposit
[9:06] Speaker 1: your check through a camera.
[9:10] Speaker 2: And it goes it to your bank account.
[9:11] Speaker 1: Yes, it does work like that. It works like that
[9:14] Speaker 1: for me and can work like that for you. Now,
[9:16] Speaker 1: when you start pushing this idea, how you getting the
[9:19] Speaker 1: word out terry about this because it's so it's not
[9:23] Speaker 1: even groundbreaking because guess what, like you said, black people
[9:26] 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
[9:34] Speaker 1: now we just need to start being acknowledged and start
[9:38] Speaker 1: using it other than just taking pictures and texting people.
[9:42] Speaker 3: Well, you know, I have to say that this has
[9:44] Speaker 3: been a really wonderful but long journey.
[9:47] Speaker 2: And what I mean by that is, you know, there was.
[9:50] Speaker 3: A time when people didn't even know that black banks existed.
[9:54] Speaker 3: You know, they are like, oh no, you know, and
[9:56] Speaker 3: you know one of the things that you mentioned, Yes
[9:58] Speaker 3: I'm the president and see oh but I'm actually also
[10:01] Speaker 3: the owner of the bank. And so there, you know,
[10:05] Speaker 3: I always said I have to pop my head out
[10:07] Speaker 3: and say, see, I'm black, you know, and that, you know,
[10:10] Speaker 3: because people are like, oh, black people don't.
[10:11] Speaker 2: Own banks, you know.
[10:13] Speaker 3: But and and I will also say that we as
[10:17] Speaker 3: a community need to learn to trust each other with
[10:22] Speaker 3: our business. With our business. We are a FDIC insured bank.
[10:28] 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
[10:34] Speaker 3: confidential information but doesn't have.
[10:37] 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.
[11:01] Speaker 3: You know, I sometimes get annoyed when people talk about
[11:08] 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.
[11:18] Speaker 3: We don't have the same income. You know, we have
[11:21] Speaker 3: faced discrimination.
[11:23] 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.
[12:02] 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.
[12:09] Speaker 2: So you got to put aside, you know, whatever it is.
[12:12] Speaker 3: I don't care if it's a dollar a week, ten
[12:14] 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

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