MONEY WORKSHOP FOR
DESIGNERS
PRESENTED BY NGUYEN LE | MADE POSSIBLE BY VERSE CO.
How I think about wealth creation, personal finance & money
MONEY WORKSHOP FOR
DESIGNERS
PRESENTED BY NGUYEN LE | MADE POSSIBLE BY VERSE CO.
TABOO
😱
💸
WE’RE NOT TAUGHT ABOUT MONEY - WEALTH
CREATION - PERSONAL FINANCES
MONEY DOES NOT GUARANTEE HAPPINESS
1. INNER BELIEFS / PYSCHOLOGY
MONEY IS THE EXCHANGE OF VALUE
MONEY IS A TOOL
MINDSET
WHAT ARE YOU WORTH?
WHAT DO YOU DESERVE?
HOW BIG DO YOU THINK?
WHAT ARE YOU WILLING TO SACRIFICE TO LIVE
YOUR BEST LIFE?
”Whether you think you can or
you can’t – you’re right”
HENRY FORD
UPGRADE YOUR MINDSET
ABUNDANCE VS. SCARCITY
KNOWLEDGE IS WEALTH – IT COMPOUNDS
OVER TIME
"Ultimately, there's one investment that
supersedes all others: Invest in yourself,"
WARREN BUFFET
KNOWLEDGE THAT IS APPLIED COMPOUNDS
OVER A LIFETIME
THE SOONER YOU ACQUIRE IT AND APPLY THE
MORE IT WILL COMPOUND IN YOUR LIFETIME
2. MAKE MORE MONEY
UPGRADE YOUR MINDSET WITH PEOPLE WHO
THINK BIGGER AND ARE WHERE YOU WANT TO BE
MINDSET VS. SKILLSET
YOU HAVE TO GROW BOTH
This is the bigger driver of the 2 – when focusing on just money
MINDSET VS. SKILLSET
WANT TO MAKE MORE MONEY?
MONEY IS THE EXCHANGE OF VALUE
PERCEPTION, NEED, VALUE & SUPPLY AND
DEMAND
WHERE IN THE VALUE CHAIN DO YOU
PROVIDE VALUE?
SOLVE A BIG EXPENSIVE PROBLEM
FOR 1 CLIENT
SOLVE A BIG EXPENSIVE PROBLEM
FOR 1 CLIENT
(AGENCY, FREELANCER MODEL)
MORE DIFFICULT TO SCALE –
SCALABLE ONLY BY SCALING
WITH MORE PEOPLE
SOLVE PROBLEMS FOR A LOT OF
PEOPLE AT SCALE INEXPENSIVELY
SOLVE PROBLEMS FOR A LOT OF
PEOPLE AT SCALE INEXPENSIVELY
(TECH SERVICES, NETFLIX,
SPOTIFY, INFO PRODUCTS – LIKE
PROCESS MASTERCLASS)
SCALABLE BASED ON HOW MANY
PEOPLE REACH YOUR PRODUCT
– EASIER TO SCALE
YOU CAN DO A MIXTURE OF BOTH
LEVERAGED INCOME AND PASSIVE INCOME
LEVERAGED INCOME
PASSIVE INCOME
REMOVE TIME FROM THE EXCHANGE OF MONEY
– EVENTUALLY DON’T TRADE DOLLARS FOR
HOURS
IF MONEY IS THE RESULT OF VALUE EXCHANGE,
YOU CAN FRONT LOAD THE VALUE
HELP 20,000 PEOPLE 5% BUY WHAT YOU SELL 1000 X $1000 =
$1 MIL
HELP 100,000 PEOPLE 5% BUY WHAT YOU SELL 5000 X $1000 =
$5 MIL
5000 X $1000 =
HELP 100,000 PEOPLE 5% BUY WHAT YOU SELL $5 MIL
(PER YEAR)
500,000 X $1000 =
HELP 10,000,000 PEOPLE 5% BUY WHAT YOU SELL $50 MIL
(PER YEAR)
HYPER WEALTH IS CREATED EXPONENTIALLY
NOT LINEARLY
YOU CAN’T SAVE YOUR WAY TO WEALTH IF
YOU DON’T EARN ENOUGH
GOOD THINGS TAKE TIME BUT IT’S NOT AS
LONG AS YOU THINK - 5 TO 10 YEARS
CREATE A WEALTH MACHINE AND THE RIGHT
WEALTH VEHICLE
CREATING A BUSINESS / ENTREPRENEURSHIP
YEAR 1 YEAR 1
$55,000 $0
IF YOU ARE GOING TO EAT SHIT – DON’T
NIBBLE
BILLIONAIRE BEN HORROWITZ – HARD THINGS ABOUT HARD THINGS
YEAR 5 YEAR 5
$80,000 $300,000
YEAR 10 YEAR 10
$150,000 $1 million + scalable assets
YEAR 10 YEAR 10
You are the vehicle trading time for You have a wealth engine –
dollars - there is a cap on how many $ * No. of customers = Revenue
hours you have
Business is an asset with
Money stops as you stop working a multiple valuation
EMPLOYEE – HIGH WAGES REINVESTED
EMPLOYEE – EQUITY
YOU CAN’T STAY THE SAME AND EXPECT
NEW RESULTS
EXPAND AND CHALLENGE YOUR COMFORT
ZONE
3. WEALTH FORMULA / PERSONAL FINANCE
YOU’RE NOT A BIGSHOT JUST BECAUSE YOU MAKE
MONEY
YOU HAVE TO KNOW HOW TO KEEP IT, GROW IT
AND MANAGE IT
IT’S WHY ATHLETES, MOVIE STARS AND LOTTERY
WINNERS GO BROKE – EVEN WHEN THEY EARN
TENS OF MILLIONS
😢
LIVE BELOW YOUR FUCKING MEANS
DON’T WORRY ABOUT THE JONSES’
TRY TO SAVE 40-50% OF YOUR INCOME
DON’T SAVE FOR THE SAKE OF SAVING –
SAVE TO INVEST
DIVERSIFY
BUSINESS FOR LEVERAGED INCOME
HIGH INCOME JOB
VANGUARD ETFS
STOCKS YOU UNDERSTAND AND VALUE
INVEST IN PROPERTY / REAL ESTATE
WEIGH UP THE RISK OPTIONS
HAVE FUN, LIVE YOUR LIFE BUT BE CONSCIOUS OF
YOUR FINANCIAL ACTIONS
YOU DON’T NEED MUCH MONEY TO BE HAPPY
RECOMMENDED READING
RECOMMENDED CHANNELS
DAN LOK GRANT CARDONE VALUETAINMENT SMART PASSIVE INCOME
*Some of these guys can have a snake oil salesman vibe on first impressions. If you can get past it there’s plenty of value when it comes to thinking about money and wealth.
