December 28, 2021 • 10 mins
Our very own Money Moves correspondent, Mara Hall, was on the streets of Greenwood inquiring the people about investments.
Mara Hall sits in with Tanya to break down some much-needed information on all things investments.
Host IG: @itstanyatime
Correspondent IG: @mara_hall
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
From one to June one. In nine, the Greenwood District
in Tulsa, Oklahoma, affectionately dubbed Blackwall Street by Book or
t Washington, was burned to the ground. Ten thousand people
were left homeless, up to three hundred people were killed,
and four hundred homes and businesses were destroyed. A burgeoning
black community flourishing in the middle of the Jim Crow era,
(00:24):
was destroyed during a race massacre that so often gets
swept under the rug by our history books. And with that,
the legacy and strength of black and brown dollars and
the ways in which we can use our finances to
leverage power, wealth and independence in our world has been hidden.
But it's time we begin to uncover those truths and
spread them throughout our community. I'm Tanya Sam and welcome
(00:47):
to the Money Moves Podcast powered by Greenwood. Hey, everybody,
welcome to the Money Moves Podcast. As you know, our
focus for this week is investing. We're trying to figure
out how to recapture the glory, financial, power, and freedom
(01:09):
that was encapsulated in historical and legendary place that was
once the Greenwood District of Tulsa, Oklahoma. It's time that
we as the collective black and brown communities, find our
way to that place in the present time. But here's
the thing I think it's fair to say, even with
our intro from John Burnett, there's still a lot of
confusion out there around investing and investments, and in order
(01:33):
to clear all of that up, we first need to
reach out and see what it is people need to
really learn or unlearn about investing. Now, like I said earlier,
we're trying to recapture the glory that was Black Wall Street.
So where else to put our ear to the ground
but out in Tulsa, Oklahoma. Here with us today, we
have the beautiful, talented, amazing, intelligent Mara Hall. She's been
(01:55):
out in the mean streets of Tulsa trying to figure
out what it is people do and don't know about investing,
and she's here to let us know what the streets
were talking about. Hey, Marrow, welcome to the show. Girl. Hey,
it is so good to hear from you. I'm doing amazing.
I'm totally blessed and highly favored and so thankful I've
gotten the chance to go out to the historic Greenwood
(02:17):
District of Oklahoma and soak up to history even though
we look at it as a space that contained so
much history for our people, it is still a place
where regular people live, regular people. And it was amazing
being there talking to people, getting to know them, finding
the best places to eat, shop and kick back, figuring
(02:38):
out where was COVID safe and where it was not,
because you know, these days, that matters. But the key
to it all is that that's what you find out
when you talk to regular people. Love God, and so
I spoke to a few regular people that really just
seemed to be confused when it comes to investing. You know,
some basic misconceptions that you know what, we had. Money
(03:00):
Moves have an obligation to our community to clear up.
So let's check out what they had to say. Let's
check it out. Hi, Mara Hall here with the Money
Moves Podcast, live from Greenwood. We're here on the streets
(03:21):
of Greenwood, and we want to see what the people
have to say. Let's see how their money is moving
for them. I think right now, like the current state
of investing right now. Right when people think about investing,
they might think of it as like what they see
on social media, and they're like, oh, like kind of
like get rich quick, but it's never really like that.
Like I think, what people need to understand is that
(03:42):
this is like a process, it's something for not for
just right now, but for your future. I wanted to
ask the question about investing when it comes to big
coins and things of that nature. When people retire, what
are some of the things that we can invest in
to make our money go, make our money thread as
far as we can in order to have a relaxable retirement.
(04:06):
The biggest challenge to me is knowing where to put
your money and and knowing the difference, like you said,
between the different types of investments that you can make.
I think what what's holding some people back from investing
is the idea of too much negativity. You know, you
have to be positive, you have to believe in yourself.
(04:29):
And again, like I say, now that's a that's a
um to what to edge sword, because some of those
same people that might not want to invest in some
of those stocks will still go and pay five and
ten dollars a day to play the numbers, you know,
the powerballs and all of those other things you know,
(04:51):
cash three and so forth that you can make money
off that they that they are used to. So you have.
You have a comfort zone that people have and once
they get out of that comfort zone and they feel
another area where they feel that they have some expertise
in making it and enjoying it. All of these people
have real good skills and finance as well too, But
(05:14):
a lot of it you have to encourage people. You
have to put it out there for them, and you
have to let them know that this can be a
part of you too. Mara, there was a lot there,
and let me just say, those aren't regular people, they
were extraordinary. That must have been so much fun. Absolutely
So when you look back at it, what do you
(05:34):
think was the most concerning misconception that you saw people have?
They don't know when the right time to buy a
stock is, and once something starts to take off, it
feels like it's too late, Like, well, bitcoin is already successful,
it's too late now it's fomo. So people have this
fear of missing out and they feel like the train
has already left the station, and it hasn't. It's not
(05:55):
too late. It may be more pricey, but if it's
a good investment, it will work out and continue to rise.
That's such a good point because I really feel like
especially with cryptocurrencies. Like people of color need to understand
that if you do the research, you put in the time,
this is a vehicle that will lead to huge generational
wealth building. Absolutely, Like we saw games Stop stock increase
(06:19):
in one day. That was a great one. A lot
of people made a lot of money on that. But
the point is it's never too late. Mara. Tell me
what the other second most pressing misconception you saw on
the streets of Tulsa that you don't have enough money
to invest. In order to make money, you have to
put money in. It takes money to make money. Large
(06:41):
investments can yield a larger return then you start where
you are. Even if it's five dollars a week or
a day, the return on that investment, if it's still invested,
will also yield returns. And that part is so important
because you know that the old adage scared money don't
make no money. But the other thing is you don't
need to be millionaire to start investing. In fact, investing
(07:03):
is what will get you to be a millionaire. You
take whatever little piece of your income that you can
and start investing it wisely, do your research and watch
your money move. Absolutely and We also have to remember
beginner investments used to range between five hundred to a
thousand dollars. However, with new apps in assisting programs, people
(07:23):
are able to invest with significantly less. So if you
have a little bit of money, if you have a
lot of money, you can do it all. That's so great.
You know, there's some great apps that I've been using.
Robin Hood is one, there's crowdfunding. There's a lot of
different ways that we're going to talk about on how
you can have easy access to entry level investing. On
further episodes of Money Moves, absolutely and I can't wait
(07:45):
to hear them. Okay, Mara, what are some other questions
that you heard? Well, word on the street is what
is the best investment options? Mutual funds or index for
big questions, big questions. I know they were really, really inquisitive,
and I told them index funds go with the market.
Mutual funds are being actively moved and managed. They try
(08:06):
to beat the market. And the average investment fee index
fund is zero point zero nine percent. Mutual fund is
zero point eight So I know you're wonderful Correspondent John
Burnett can help out with that more To get more
into it absolutely. Actually, you know, these people are kind
(08:26):
of extraordinary, you said regular, But I feel like there
was some sort of baseline understanding of investments, some of
the great investments that are out there. I love Tulsa.
I do too. Is this black excellence Personifi Square mar
You always come through with us. What a great time
in Tulsa, Oklahoma. Thank you for getting the word out
(08:47):
on the streets about Money Move and bringing it right
back to us so that we can share it with
everybody else. You are incredible. I love it. Thank you
so much for having me. Thank you so much for
tuning in Money Moves audience. If you want more or
a recap of this episode, please go to Bank Greenwood
dot com and check out the Money Moves podcasts blot
Stay tuned tomorrow and every day this week. From very
(09:09):
special Money Versus Moves, Dear Money Moves, I'm wondering if
I should just budge the budget a little bit, take
some money from this pot and start investing. If I
lose it, you won't know there's a lot there, right, Okay,
more from our expert. If you bond in state, bonds
have to pay is triple tax screen and a celebrity
(09:30):
guest you won't want to miss. The name is Killer Mike,
and the list of accomplishments is endless. Let's take all
the information from the mistakes that we may, and let's
be honest with them so that when we say, now,
this is what we're gonna do, if they understand you
speaking experiens. Money Moves is an i heeart radio podcast
(09:50):
powered by Greenwood Executive produced by Sunwise Media, Inc. For
more podcast on iHeart radio, visit the i Heart Radio app,
Apple Podcasts, or wherever you get your podcasts from.
From one to June one. In nine, the Greenwood District
in Tulsa, Oklahoma, affectionately dubbed Blackwall Street by Book or
t Washington, was burned to the ground. Ten thousand people
were left homeless, up to three hundred people were killed,
and four hundred homes and businesses were destroyed. A burgeoning
black community flourishing in the middle of the Jim Crow era,
(00:24):
was destroyed during a race massacre that so often gets
swept under the rug by our history books. And with that,
the legacy and strength of black and brown dollars and
the ways in which we can use our finances to
leverage power, wealth and independence in our world has been hidden.
But it's time we begin to uncover those truths and
spread them throughout our community. I'm Tanya Sam and welcome
(00:47):
to the Money Moves Podcast powered by Greenwood. Hey, everybody,
welcome to the Money Moves Podcast. As you know, our
focus for this week is investing. We're trying to figure
out how to recapture the glory, financial, power, and freedom
(01:09):
that was encapsulated in historical and legendary place that was
once the Greenwood District of Tulsa, Oklahoma. It's time that
we as the collective black and brown communities, find our
way to that place in the present time. But here's
the thing I think it's fair to say, even with
our intro from John Burnett, there's still a lot of
confusion out there around investing and investments, and in order
(01:33):
to clear all of that up, we first need to
reach out and see what it is people need to
really learn or unlearn about investing. Now, like I said earlier,
we're trying to recapture the glory that was Black Wall Street.
So where else to put our ear to the ground
but out in Tulsa, Oklahoma. Here with us today, we
have the beautiful, talented, amazing, intelligent Mara Hall. She's been
(01:55):
out in the mean streets of Tulsa trying to figure
out what it is people do and don't know about investing,
and she's here to let us know what the streets
were talking about. Hey, Marrow, welcome to the show. Girl. Hey,
it is so good to hear from you. I'm doing amazing.
I'm totally blessed and highly favored and so thankful I've
gotten the chance to go out to the historic Greenwood
(02:17):
District of Oklahoma and soak up to history even though
we look at it as a space that contained so
much history for our people, it is still a place
where regular people live, regular people. And it was amazing
being there talking to people, getting to know them, finding
the best places to eat, shop and kick back, figuring
(02:38):
out where was COVID safe and where it was not,
because you know, these days, that matters. But the key
to it all is that that's what you find out
when you talk to regular people. Love God, and so
I spoke to a few regular people that really just
seemed to be confused when it comes to investing. You know,
some basic misconceptions that you know what, we had. Money
(03:00):
Moves have an obligation to our community to clear up.
So let's check out what they had to say. Let's
check it out. Hi, Mara Hall here with the Money
Moves Podcast, live from Greenwood. We're here on the streets
(03:21):
of Greenwood, and we want to see what the people
have to say. Let's see how their money is moving
for them. I think right now, like the current state
of investing right now. Right when people think about investing,
they might think of it as like what they see
on social media, and they're like, oh, like kind of
like get rich quick, but it's never really like that.
Like I think, what people need to understand is that
(03:42):
this is like a process, it's something for not for
just right now, but for your future. I wanted to
ask the question about investing when it comes to big
coins and things of that nature. When people retire, what
are some of the things that we can invest in
to make our money go, make our money thread as
far as we can in order to have a relaxable retirement.
(04:06):
The biggest challenge to me is knowing where to put
your money and and knowing the difference, like you said,
between the different types of investments that you can make.
I think what what's holding some people back from investing
is the idea of too much negativity. You know, you
have to be positive, you have to believe in yourself.
(04:29):
And again, like I say, now that's a that's a
um to what to edge sword, because some of those
same people that might not want to invest in some
of those stocks will still go and pay five and
ten dollars a day to play the numbers, you know,
the powerballs and all of those other things you know,
(04:51):
cash three and so forth that you can make money
off that they that they are used to. So you have.
You have a comfort zone that people have and once
they get out of that comfort zone and they feel
another area where they feel that they have some expertise
in making it and enjoying it. All of these people
have real good skills and finance as well too, But
(05:14):
a lot of it you have to encourage people. You
have to put it out there for them, and you
have to let them know that this can be a
part of you too. Mara, there was a lot there,
and let me just say, those aren't regular people, they
were extraordinary. That must have been so much fun. Absolutely
So when you look back at it, what do you
(05:34):
think was the most concerning misconception that you saw people have?
They don't know when the right time to buy a
stock is, and once something starts to take off, it
feels like it's too late, Like, well, bitcoin is already successful,
it's too late now it's fomo. So people have this
fear of missing out and they feel like the train
has already left the station, and it hasn't. It's not
(05:55):
too late. It may be more pricey, but if it's
a good investment, it will work out and continue to rise.
That's such a good point because I really feel like
especially with cryptocurrencies. Like people of color need to understand
that if you do the research, you put in the time,
this is a vehicle that will lead to huge generational
wealth building. Absolutely, Like we saw games Stop stock increase
(06:19):
in one day. That was a great one. A lot
of people made a lot of money on that. But
the point is it's never too late. Mara. Tell me
what the other second most pressing misconception you saw on
the streets of Tulsa that you don't have enough money
to invest. In order to make money, you have to
put money in. It takes money to make money. Large
(06:41):
investments can yield a larger return then you start where
you are. Even if it's five dollars a week or
a day, the return on that investment, if it's still invested,
will also yield returns. And that part is so important
because you know that the old adage scared money don't
make no money. But the other thing is you don't
need to be millionaire to start investing. In fact, investing
(07:03):
is what will get you to be a millionaire. You
take whatever little piece of your income that you can
and start investing it wisely, do your research and watch
your money move. Absolutely and We also have to remember
beginner investments used to range between five hundred to a
thousand dollars. However, with new apps in assisting programs, people
(07:23):
are able to invest with significantly less. So if you
have a little bit of money, if you have a
lot of money, you can do it all. That's so great.
You know, there's some great apps that I've been using.
Robin Hood is one, there's crowdfunding. There's a lot of
different ways that we're going to talk about on how
you can have easy access to entry level investing. On
further episodes of Money Moves, absolutely and I can't wait
(07:45):
to hear them. Okay, Mara, what are some other questions
that you heard? Well, word on the street is what
is the best investment options? Mutual funds or index for
big questions, big questions. I know they were really, really inquisitive,
and I told them index funds go with the market.
Mutual funds are being actively moved and managed. They try
(08:06):
to beat the market. And the average investment fee index
fund is zero point zero nine percent. Mutual fund is
zero point eight So I know you're wonderful Correspondent John
Burnett can help out with that more To get more
into it absolutely. Actually, you know, these people are kind
(08:26):
of extraordinary, you said regular, But I feel like there
was some sort of baseline understanding of investments, some of
the great investments that are out there. I love Tulsa.
I do too. Is this black excellence Personifi Square mar
You always come through with us. What a great time
in Tulsa, Oklahoma. Thank you for getting the word out
(08:47):
on the streets about Money Move and bringing it right
back to us so that we can share it with
everybody else. You are incredible. I love it. Thank you
so much for having me. Thank you so much for
tuning in Money Moves audience. If you want more or
a recap of this episode, please go to Bank Greenwood
dot com and check out the Money Moves podcasts blot
Stay tuned tomorrow and every day this week. From very
(09:09):
special Money Versus Moves, Dear Money Moves, I'm wondering if
I should just budge the budget a little bit, take
some money from this pot and start investing. If I
lose it, you won't know there's a lot there, right, Okay,
more from our expert. If you bond in state, bonds
have to pay is triple tax screen and a celebrity
(09:30):
guest you won't want to miss. The name is Killer Mike,
and the list of accomplishments is endless. Let's take all
the information from the mistakes that we may, and let's
be honest with them so that when we say, now,
this is what we're gonna do, if they understand you
speaking experiens. Money Moves is an i heeart radio podcast
(09:50):
powered by Greenwood Executive produced by Sunwise Media, Inc. For
more podcast on iHeart radio, visit the i Heart Radio app,
Apple Podcasts, or wherever you get your podcasts from.
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