EP 205 | Wealth is the Goal with Kimberley Seldon

January 19, 2021

Listen Now

2,040 hours a year is the typical full-time work week. If you are bringing home a salary of $30,000 for your full-time work as an interior design professional, you are making minimum wage. Can that really be enough compensation for the hard work you do? Absolutely not. Particularly not when wealth (not income) is the goal.

In this episode we learn:

  • $30,000 for full-time work as an interior design professional is minimum wage
  • pay yourself first and you will be alerted to what needs to change in your business model
  • salary is the first step in a viable business model
  • profit comes after all expenses, including salaries, are paid
  • wealth is the goal
  • accumulated wealth allows you to retire when you want

 

Design Intervention

Pay yourself first.

 

Take Aways 

Venice Design Series

 

BOD & You

As interior design professionals, we LOVE our work because it matters so much. We want our clients to get our best every time, because it’s going to affect the way they live for years to come. But doing our best work isn’t possible if we can’t dedicate ourselves to it. And we can’t dedicate ourselves to it if doesn’t earn us a living.

Business of Design™ is the best professional advice and business coaching available, and it’s just for you. Our mission is to liberate your talent and skill by showing you how to run a business that supports you, empowers you, and lets you love your work again.

Become a member, today.

Subscribe to the Podcast

Legal Disclosure | This podcast is for educational purposes only and provides general business advice for interior designers and design professionals. It is not intended as individual legal, accounting, or professional guidance. Kimberley Seldon and Business of Design® make no guarantees regarding accuracy and are not liable for how information is used. Strategies shared may not apply to every situation—listeners should seek qualified legal, financial, or professional advice before making business decisions. References and resources mentioned may change over time.

|