The African American Business Owner, Building True Wealth

“The person that is doing the job that you have, do they have the right experience?  Do they have the right qualification or it's just a body?” - Ron Escoffery.  

In today's episode of African-America…

Episode Highlights

• [00:45] Wealth Inequality: Why do the gaps keep getting wider?
• [05:40] Why you should unfollow the Joneses and the Gurus
• [10:30] Being clear of your lifestyle and what you really want
• …

Topics Covered:

• Those that came before us put in the work. [0:36]
• Opening remarks [1:24]
• Putting in the work allows you to make progress. [2:44]
• What does the destination look like? [4:26]
• Most of us are …

Topics Covered:

• The wealthy get wealthier, the poor get poorer. [1:17]
• We want you to become aware of what’s happening. [2:14]
• Why are we not making progress? [3:33]
• Look at yourself before your business…

Topics Covered:

• As business owners, we must decide what kind of future we want. [1:17]
• This is a good time to start becoming a lifestyle entrepreneur. [2:14]
• Sometimes, we still live paycheck to paychec…

Topics Covered:

• When we reflect, we often dwell on the negative (3:27)
• Most resolutions don’t come true because we didn’t believe that we could achieve them (4:11)
• You need to have the mindset that it i…

Topics Covered:

• You have to see progress in business and life (1:32)
• Having abundances in financial life while relaxing (1:50)
• This year has been different due to the pandemic (3:28)
• We’ve had to endure …

Topics Covered:

• December is the month of ambitious plans [1:53]
• If you do not start with the “Why”, you’re going to fail.. [3:56]
• I want more financial abundance [6:13]
• Money doesn’t give you joy and hap…

Topics Covered:

• Thinking about the change that you want to happen in your life [0:48]
• Ron’s personal approach towards speaking to his audience as a coach and mentor [1:59]
• December is planning month [3:…

Topics Covered:

• On Thanksgiving [1:22]
• Christmas is on its way [2:37]
• Thinking past the holidays [3:42]
• Maintaining the entrepreneur lifestyle [4:40]
• Having a business that runs no matter how you’re feeli…

Topics Covered:

• Intro [01:02]
• Ron shares the three questions [01:30]
• What kind of lifestyle do I want as an entrepreneur or as a person? [01:50]
• Why do I want it? [02:13]
• The logical third question [03:58…

Topics Covered:

• Find one nugget that will slowly but surely transform your financial life [1:27]
• A lifestyle entrepreneur is... [2:50]
• The desire to become a lifestyle entrepreneur  [5:13]
• Have a vision …

Topics Covered:

• The challenges that we have in business and in life has that money component to it [2:10]
• Why do so many entrepreneurs fail at achieving this lifestyle that they so desire?  [3:46]
• What…

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]
• …

On the fourth episode of the African-American Business Owners Podcast, Ron Escoffery discusses the importance of building a relationship with your bank, how to start understanding your business by ma…

Owning a financially successful business is the surest way to build wealth. Each Thursday, join Ron Escoffery, a serial entrepreneur, real estate investor, speaker, and author as he interviews Africa…