Teri Williams, who runs OneUnited Bank with her husband, shares her experiences of teaching her children about money. She grew up inspired by her great-grandmother, who was a successful businesswoman. Teri emphasizes the importance of saving money and explains that having savings allows people to take risks, which can lead to greater rewards. Despite their banking background, Teri acknowledges that building financial knowledge can be tough, even for her family. She recalls a moment when her child misunderstood credit card balances, highlighting how confusing financial terms can be. Teri notes that her children manage money differently than she did, as they invest in individual stocks and cryptocurrencies, while she preferred mutual funds. She hopes that her children will think big and continue to serve their communities and beyond, just like her great-grandmother did.
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