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The African American Business Owner, Building True Wealth - Which Lifestyle Do You Want? Rich or Wealthy?

Which Lifestyle Do You Want? Rich or Wealthy?

The African American Business Owner, Building True Wealth

10/29/20 • 29 min

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Topics Covered:

  • Do you want to be rich or do you want to be wealthy? [0:52]
  • Money does one thing very very well- it buys you options [1:11]
  • The important thing is what do you desire for yourself [2:49]
  • Building wealth is a journey [3:35]
  • If you're not moving forward, you're moving backward [4:25]
  • Peace of mind is something that is priceless [5:03]
  • What it means to be rich [6:05]
  • Why is networking so important [7:45]
  • You really should only save until you get to the point that you can start investing [10:38]
  • You have to invest [11:24]
  • We can't have everything we want at the same time [12:58]
  • You deserve to celebrate your success but it is a journey. Don't fall asleep. [13:44]
  • Calculate now what the lifestyle you desire in your golden years is going to cost. [14:42]
  • A rule of thumb [17:09]
  • Investing in real estate [23:59]
  • Become conscious of what it will take to have peaceful, enjoyable, and happy golden years [26:37]
  • Closing Remarks [27:05]

Connect with Ron Escoffery:

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10/29/20 • 29 min

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