Money Tips: Promotes financial literacy, wealth-building strategies, and entrepreneurial thinking within the Black community.
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. George C. Fraser. Chairman & CEO of FraserNet, Inc. Purpose of the Interview The interview aimed to: Promote financial literacy, wealth-building strategies, and entrepreneurial thinking within the Black community. Share actionable steps for creating generational wealth and economic empowerment. Highlight FraserNet’s mission to foster networking, education, and business development for people of African descent. Key Takeaways Knowledge & Execution Are Critical “My people perish for lack of knowledge”—Dr. Fraser emphasizes that progress requires knowledge and execution, not just protest. Rejecting knowledge leads to stagnation; skill-building and financial education are essential. Entrepreneurial Thinking vs. Entrepreneurship Focus on taking ownership and responsibility for your life. Entrepreneurial thinking can evolve into entrepreneurship, creating jobs and wealth for the community. Black Economic Empowerment By the end of the 21st century, Black people must become the #1 employer of Black people, mirroring other ethnic groups. This requires sacrifice, planning, and multiple income streams. Practical Wealth-Building Steps Open a high-interest savings account and start with $100. Buy stocks in companies you use (Nike, McDonald’s, Home Depot). Open or maximize 401(k), IRA, or Roth IRA contributions. Improve credit score by 20 points every six months until above 700. Pay $50 above minimum payments on credit cards and loans to reduce payoff time. Research term vs. whole life insurance—insurance is key for wealth transfer. Start a 529 college plan or Roth IRA for children. Gift U.S. Treasury bonds or indexed universal life policies for grandchildren. Generational Wealth & Insurance 60% of wealth transfer occurs through proper insurance planning. Example: Indexed universal life policies can yield millions tax-free for future generations. Seven Streams of Income Earned income (jobs), Profit income (buying/selling), Interest income, Dividend income, Rental income, Capital gains, Royalty income. Goal: Add a new income stream every year. Mindset Shift “The rich stay rich by pretending to be poor; the poor stay poor by pretending to be rich.” Focus on winning, not looking like you’re winning. Giving Wealth Support Black-owned businesses, restaurants, salons, authors. Volunteer, tithe, and donate to HBCUs. Encourage and uplift Black men, women, and children. Notable Quotes “We are suffering because we cannot see our problems clearly.” “Execution, execution, execution—protest without execution is meaningless.” “To be gifted, Black, and beautiful means nothing unless you are Black and powerful.” “Don’t quit your job until your side income covers twice your monthly expenses.” “White folks plan for three generations; we plan for Saturday night.” “Money attracts money—start with $100 in a savings account.” “There should not be a Negro in America with a single stream of income.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
6 Tammi 16min
Money Tips: “Represents first Black-owned digital bank—and now the largest Black-owned bank in the country.
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, from Money Making Conversations Masterclass: Purpose of the Interview The interview aimed to: Showcase OneUnited Bank’s role as the largest Black-owned bank and its commitment to financial empowerment. Educate listeners on digital banking solutions, financial literacy, and generational wealth strategies. Promote OneUnited Bank’s services and initiatives, including its youth financial literacy contest and “One Transaction” wealth-building concept. Key Takeaways Origins & Growth of OneUnited Bank Started as a community bank in Boston, later acquired four Black-owned banks (Miami, LA, Boston) and merged into OneUnited. Became the first Black-owned digital bank and now serves customers nationwide. Digital Banking & Accessibility Customers can open accounts online in minutes. Features include: Mobile check deposit (take a photo of your check). Direct deposit with early pay (up to 2 days early, no fees). Largest surcharge-free ATM network (100,000 ATMs, including Walgreens, 7-Eleven, Chase, Citibank). Combatting Financial Deserts Addresses lack of brick-and-mortar banks in Black communities and reliance on predatory check-cashing services. Emphasizes that check-cashing services never improve credit scores and often harm financial health. Financial Literacy & Wealth Building Advocates automatic savings as a key wealth-building habit. Introduced WiseOne, a tool that aggregates financial data to: Track net worth, income, expenses. Identify duplicate charges and suggest savings. Provide debt-reduction strategies. Youth Financial Literacy Initiative “I Got Bank” Contest for ages 8–12: Read a financial literacy book (free download available). Submit an essay or artwork on what they learned. 10 winners receive $1,000 savings accounts. One Transaction Concept Six key transactions to build generational wealth: Homeownership (OneUnited offers $25K–$50K down payment assistance). Life Insurance (affordable way to transfer wealth). Investments (automatic contributions). Profitable Business (entrepreneurship or side gigs). Credit Score Improvement. Savings (automatic transfers). Focus on one transaction at a time for sustainable progress. Economic Advice for Uncertain Times Anticipates stagflation (inflation + rising unemployment). Recommendations: Hold on to your job (avoid unnecessary job changes). Save more, spend less. Notable Quotes “We were the first Black-owned digital bank—and now the largest Black-owned bank in the country.” “Check cashers only report to credit bureaus when you don’t pay them. That’s crazy.” “If it goes in your pocket, you’re more likely to spend it. Wealthy people automate savings.” “One transaction can make the difference between being wealthy or not.” “We have the largest surcharge-free ATM network in the country—100,000 ATMs.” “Hold on to your job. Start saving more and spending less.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
6 Tammi 24min
Money Tips: He helps buyers secure financing, conduct due diligence, and close profitable deals.
Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Elliot Holland. The managing partner of Guardian Due Diligence. Here’s a breakdown of the key topics and highlights: Key Themes & Highlights Buying Small Businesses vs. Franchises Holland explains the differences between purchasing a franchise and acquiring an independent business. He highlights the risk-reward balance, noting that franchises offer a structured model, while independent businesses can be more lucrative but require deeper due diligence. Financial Strategies for Business Acquisition He discusses the SBA 7(a) loan program, which allows buyers to acquire businesses with 90-95% financing, making ownership more accessible. Holland explains how leveraging financing can turn a small investment into a million-dollar business. Due Diligence & Avoiding Bad Deals He emphasizes the importance of financial diligence to ensure buyers don’t acquire failing businesses. Holland shares red flags to watch for, such as misleading financials and sellers masking poor performance. Masterclass for First-Time Buyers Holland introduces his Business Buying Masterclass, designed to educate entrepreneurs on the acquisition process. He provides one-on-one coaching, helping buyers navigate financing, negotiations, and deal structuring. Success Stories & Case Studies He shares examples of clients who successfully acquired businesses, including a 24-year-old entrepreneur and a 60-year-old investor. Holland highlights how his expertise helped buyers secure financing, conduct due diligence, and close profitable deals. About Elliot Holland & Guardian Due Diligence Elliot Holland is a Harvard MBA, private equity investor, and business acquisition expert. He founded Guardian Due Diligence to help first-time buyers confidently purchase profitable businesses. His firm specializes in financial diligence, ensuring buyers make informed decisions and avoid costly mistakes. Through his masterclass and consulting, Holland empowers entrepreneurs to build wealth through business ownership. #BEST #STRAW #SHMS Support the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
6 Tammi 28min
FULL SHOW: Christmas Light Expiration, Strawberry Letter: Her Special Healing Soup - 01.05.26
The Steve Harvey Morning Show for Monday, January 5th, 2026: Steve Harvey's Morning Inspiration | Show Open | Run That Prank Back - "Bad Potluck" | Ask The CLO | That Ain't Your Business | Would You Rather | Right Or Wrong | Nephew Tommy's Prank - "Christmas Light Expiration" | Strawberry Letter - "Her Special Healing Soup" Pt. 1-2 | What Is Your Lying "Tell" | Social Media Advice | STI's Up Among Seniors | Would You Rather | Steve Harvey's Closing RemarksSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
5 Tammi 1h 32min
FULL SHOW: NYE Comedy Roulette, Strawberry Letter: What's So Darn Funny? - 1.2.26
The Steve Harvey Morning Show for Friday, January 2nd, 2026: Steve Harvey's Morning Inspiration | Show Open | Run That Prank Back - "CPS" | Ask The CLO | Ready For Company To Leave | Would You Rather | Comedy Roulette - A Relative Got So Drunk On New Year's Eve... | Nephew Tommy's Prank - "Bad Potluck" | Strawberry Letter - "What's So Darn Funny?" Pt. 1-2 | Frisky Fitness | Social Media Advice | Top Soup Survey | Would You Rather | Steve Harvey's Closing RemarksSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
2 Tammi 1h 32min
FULL SHOW: Happy New Year, Strawberry Letter: How Did He Know Where To Put It - 1.1.26
The Steve Harvey Morning Show for Thursday, January 1st, 2026: Steve Harvey's Morning Inspiration | Show Open | Run That Prank Back - "K Dogg" | Ask The CLO | Tell-All Biography | Would You Rather | Question For Unc| Nephew Tommy's Prank - "CPS" | Strawberry Letter - "How Did He Know Where To Put It?" Pt. 1-2 | Negative Thoughts | Social Media Advice Pt.1 | Social Media Advice Pt.2 | Would You Rather | Steve Harvey's Closing RemarksSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
2 Tammi 1h 32min
FULL SHOW: Things You've Never Seen, Strawberry Letter: He Said, She Said - 12.31.25
The Steve Harvey Morning Show for Wednesday, December 31st, 2025: Steve Harvey's Morning Inspiration | Show Open | Run That Prank Back - "Wax That Ass" | Ask The CLO | Truth Be Told: Unattractive Family Members | Would You Rather | Comedy Roulette: Things You Say To Yourself When You're Mad | Nephew Tommy's Prank - "K Dogg" | Strawberry Letter - "He Said, She Said" Pt. 1-2 | Things you've NEVER Seen | Dating A Sick Man | Steve Harvey's Voicemail | Would You Rather | Steve Harvey's Closing RemarksSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
31 Joulu 20251h 32min
FULL SHOW: None Of Your Business, Strawberry Letter: You're Not Doing That Tonight - 12.30.25
The Steve Harvey Morning Show for Tuesday, December 30th, 2025: Steve Harvey's Morning Inspiration | Show Open | Run That Prank Back - "4-3 Relationship" | Ask The CLO | None Of Your Damn Business | Would You Rather | Comedy Roulette: Things People Say When They Don't Know They're On Speakerphone | Nephew Tommy's Prank - "Wax That Ass" | Strawberry Letter - "You're Not Doing That Tonight" Pt. 1-2 | JAB At A Kwanzaa Party | Relationship Labels | Financial Regrets | Would You Rather | Steve Harvey's Closing RemarksSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.
30 Joulu 20251h 32min
