Wisdom for the Modern Architect
by Global Architect
A newsletter for business-oriented architects to feed their curious minds.
Carefully curated by Aitor Arteta.
🕑 5 Minute Read
Welcome to a new episode of the Wisdom for the Modern Architect series, where I share a dose of ideas, research conclusions, principles, models, books, podcasts, tools, and other random stuff with you, personally curated by myself.
Let’s get started.
📍 Message of the week
You can’t do anything without money.
Architects are usually afraid of it, I don’t know why.
Would you like to build a successful architecture business?
You need to learn more about money.
📰 Story of the week
Like many other architects, I’m passionate about designs.
But I used to feel completely lost when it came to money matters.
Every month, I checked my bank statement and it freaked me out.
The numbers just mixed into a mess of money confusion.
My business was not working as it was supposed to.
I struggled each month to pay all the bills.
My income was far from being stable.
And I f***ing hated this situation.
It made me really anxious.
I knew I needed help.
So, I turned to the internet, hoping to find some answers.
What I found changed my life, forever.
This is what I learned about Money:
🦸♂️ Influencer of the week
Influencers are natural people, like you and me, who make an extraordinary job, and have the ability to inspire and lead with example.
In this episode:
This one is a special for me.
Because we both share a very similar story.
Ryan is an Engineer from Montana (US), turned financial planner.
He started his career as a Mechanical Engineer designing mechanical and plumbing systems for buildings across the country.
Today he is on a journey to help 100 families achieve financial freedom.
You’d better read his story.
🛠️ Tool of the week
Digital tools that will make you a more productive architect, producing more using less effort.
The tool I reviewed this week:
Quicken is like that Swiss Army knife for your finances.
You're not just tracking your spendings or checking how much you've got in the bank.
Budgeting, investing, handling debts – it’s got you covered on all fronts.
And the cool part?
You don't need to break the bank to keep track of it.
Plus, it's not just for your personal money.
You can even manage your business expenses.
So if you're in the architecture game and wanna keep your money game strong too, Quicken is a solid pick.
Try it, use it, and let me know what you think.
📘 Book of the week
Reading books is like sucking other minds that have already been in your place.
Why should you reinvent the wheel when someone else is showing you the way?
The book I recommend you to read:
If you're grinding away at your architecture firm, you're probably thinking a lot about design, client relationships, and permits.
But let's get real. Money matters too, right?
Reading "The Psychology of Money" can give you a fresh perspective on how you think about, earn, and save money.
This is not your typical finance book.
It dives deep into the human behavior around money.
Would you like to be a successful architect?
You've got to read "The Psychology of Money".
📝 Posts of the week
Top-notch architects are always learning.
These publications give you direct access to my experiences, where I share my views.
Much like having a mentor to guide you through today's complex challenges.
The best posts of the week are:
- Make Money Great Again
- This is how I charge 200€/hour
- We need to talk more about money
- Can you live on an architect's salary?
- Architects, learning about Money isn’t that expensive
Use these posts to find new relationships, engage with other people and learn new things.
♟️ Quote of the week
Quotes make you reflect and think.
The quote of the week was:
I used to think so too, but then I had a little reality check.
Let's break this classic saying, shall we?
🎧 Song of the week
⚡️ Let's energize your day with a little bit of music.
The song of the week is:
⚡️ Let's energize your day with a little bit of music.
🖤 I really enjoy listening to music (very few know that I used to be a DJ).
To help you boost you mood, be more present or be more creative.
❤️ Healthy of the week
Your health is the most important thing you need to take care of.
Above anything else. Including your architectural career. It's not worth it.
Here is the highlight of the week:
We architect work long hours. Sometime too much.
But the pay doesn’t usually match up.
This mismatch can mess with our heads.
Let’s talk about it.
💎 Business of the week
Architecture is big business, and it’s on track to becoming even bigger in the coming years.
A lot of companies are emerging to make life easier for AEC professionals by improving job site safety, streamlining project communication, opening up job access, and more.
Keep an eye on the companies that will disrupt the industry.
This most valuable business of the week is:
Briq helps real estate and construction professionals manage budgets and investments.
The startup's target market includes contractors, construction managers, CFOs and project managers.
The Briq platform also has a "predictive analytics" tool designed to test out the impact of changing variables within an active construction project.
If this is not a valuable business, what is?
💥 Offer of the week
Are you tired of being a broke architect?
Feeling like your architecture career is stuck in neutral?
You need a game plan for making more money.
And we've got just the thing:
These are bite-sized, actionable lessons focused solely on boosting your income and business growth.
No fluff, just proven steps to help you level up financially.
Let’s make 2024 the year you break through.
I hope to see you win 💪
❓ Quick question
I'm working on understanding our audience better so we can make more helpful content.
Help me with this question:
How much revenue does your architecture business make each year?
- We have several income streams and bill up to 500.000€/year.
- We have more than one means of income, and we make up to 200.000€/year.
- I only have one source of income and we make less than 50,000 euros a year.
Reply to this email and let me know.
For those who enjoyed this content, this is just the tip of the iceberg.
There's more value inside the Global Architect Membership, an exclusive area where you will have full access to all the content, including the Notion databases, challenges and resources to apply into your business.
Reading free stuff is ok. But putting this concepts into practice, growing your business, making money is even greater.
I'll let you discover it.
If you missed any of the previous episodes, don't trip over the same stone twice.
Here they are:
- Håvard Bell and Rich Dad’s Cashflow Quadrant
- Xavier Blesa, Opal and The Obstacle is the Way
- Gerardo Perez, Miro and Ikigai
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