The African American Business Owner, Building True Wealth
What does it mean to be a lifestyle entrepreneur?
Episode Summary
Lifestyle entrepreneurs come in many different types. Some of them seek a simple, enjoyable, comfortable, peaceful life and they have the resources to do just that. However, achieving this won’t be easy. It will require a person to undergo considerable difficulty and growth. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 7th episode of the African-American Business Owners Podcast, Ron Escoffery reminds business owners to take a closer look at their net worth. He also discusses the importance of taking the time to pause by sitting down for a while and writing down your vision for your life in order to gain clarity.
Episode Notes
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 of what you want that lifestyle to look like [5:34]
- I want you to write it down [6:10]
- The focus, the discipline, and the steps are important [7:45]
- Perfection is a synonym for procrastination. [9:29]
- Knowing where you are...where you’re starting from [10:38]
- Do you have a clear vision of what the next small step should be? [12:09]
- We really haven't failed until we give up [17:33]
- Failure is not a bad thing [18:00]
- Do not spare on your dreams when you're writing your lifestyle plan [19:20]
- Pick people who you want to associate with [21:10]
- It will be problematic at times, discouraging at times but… [27:09]
- I hope that every mistake I make is a building block to more clarity, more progress, more joy, and more peace of mind [28:51]
- Closing Remarks [30:19]
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