1. EachPod

Which Lifestyle Do You Want? Rich or Wealthy?

Author
Ron Escoffery
Published
Thu 29 Oct 2020
Episode Link
https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/which-lifestyle-do-you-want-_FSba3Ia

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]

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