The Money hustle

ABOUT THE MONEY HUSTLE

The Money Hustle is an innovative financial education program for individuals and start-up entrepreneurs. It’s a personal growth challenge and it equips participants with basic financial skills to grow and sustain their lives. It’s based on a group model of learning where members learn together and support each other to achieve their dreams. The participants learn in small groups and develop mutually beneficial relationships. The program is delivered largely online with limited sessions in person. The program is highly personalized as it is delivered in small groups. This is a practical program based on personal experience and lots of research. It blends elements of psychology and behavior finance to instill key money habits among the participants.

TARGET AUDIENCE

The project seeks to equip a small group of 10 to 15 individuals who typically hold the following roles:

  • Start-up founders
  • Professionals
  • Small business owners
  • Youth entrepreneurs
  • Aspiring investors and entrepreneurs;
  • Young graduates

These are people who desire to grow financially and economically and are willing to invest the time and resources to achieve their goals.

PROGRAM OBJECTIVES

  1. To equip individuals and business owners with key financial skills to make their businesses profitable;
  2. To improve the financial knowledge of individuals and business owners;
  3. To improve odds of success of small businesses through improved financial management.
  4. To increase the financial well-being of participants

LEARNING OUTCOMES

At the end of the course each participant should be able to walk away with a written personal financial plan which they have developed personally and are intent on following. The Money Engineer can offer to help follow up with participants for a small fee to ensure effective implementation.

We expect the following measurable outcomes:

  • Demonstrable understanding of key financial concepts (assets, liabilities, equity, cashflow, leverage, profit, return on investment, risk, interest rates, compounding, etc.)
  • Improved savings rates among the target audience;
  • Increased net assets;
  • Optimized/reduced debt/credit exposure;
  • Improved business performance/growth;
  • Career/professional growth.

PROGRAM STRUCTURE

The program will be delivered over three-hour sessions delivered once a month for 12 months. The sessions will be delivered online via Zoom every last Saturday of the month from 10.00am to 1.00pm. Each month participants will be expected to read and share at least one book on personal finance/development.

The program is divided into four modules. Participants can choose which modules they wish to participate in.

  • Module 1: Personal Finance
  • Module 2: Business Finance
  • Module 3: Investment Planning
  • Module 4: Your personal financial plan

Learning will be reinforced in the group by all participants sharing different perspectives. Participants will be expected to hold each other accountable on their personal goals throughout the 12 months.

MODULE 1: PERSONAL FINANCE

Date: 30th-Jan-2021

Topics:

  • Introduction
    • Foundational Money Principles
    • Psychology of Money
    • Why is Personal Financial Planning important
    • Personal Financial Goals
    • Principles of Financial Planning
    • Your Personal Financial Plan
    • Understanding your money personality type
    • Finding your gift/calling/purpose

Learning outcomes:

  • Establish personal and business financial goals;
  • Understand mental barriers to individual/business success;
  • Define template for personal financial plan.

Reference books:

  • Think and Grow Rich – Napoleon Hill
  • You were born rich – Bob Proctor
  • Secrets of the millionaire mind – T. Harv Eker
  • The Science of getting rich – Wallace D. Wattles.

Date: 27th Feb 2021

  • Budgeting
    • Income management
    • Expenses Management
    • Savings
    • Budgeting tools and templates
    • Personal financial statements

Learning outcomes:

  • Essentials of budgeting

Reference Books:

  • The automatic millionaire – David Bach
  • Your money or your life – Vicky Robins
  • The Way to wealth – Benjamin Franklin

Date: 27th March 2021

Topics covered:

  • Managing debt
    • Un-paid bills
    • Consumer loans
    • Salary loans
    • Mortgages
    • Business loans
    • Credit cards

Learning outcomes:

  • How to use and manage debt/credit

Reference books:

  • Total Money makeover – Dave Ramsey
  • The rules of work – Richard
MODULE 2: BUSINESS FINANCE

Date: 24th April 2021

Topics:

  • Business Finances
    • Starting a business
    • Business planning
    • Product development
    • Pricing + costing
    • Financial + management reporting
    • Investment appraisal
    • Financial controls and systems
    • Sales management
    • Taxes and legal requirements

Learning outcomes:

  • How to manage business finances

Reference books:

  • The Lean startup – Eric Ries
  • Startup school – Seth Godin
  • The E-myth – Michael E. Garber

Date: 29th May 2021

Topics:

  • Cash Management
    • Cashflow/liquidity management
    • Savings
    • Fixed deposits
    • Collective Investment schemes (Unit trusts)

Learning outcomes:

How to manage cashflows in business and as individuals

Reference books:

  • The Art of money getting – P.T. Barnum
  • Richest Man in Babylon – George Samuel Clason

Date: 26th June 2021

Topics:

  • Basic Financial Management Concepts
    • Time value of Money
    • Inflation Vs interest rates
    • Evaluating investment options
    • Managing Financial Risk
    • Portfolio analysis

Learning outcomes:

  • Essential financial management concepts

Reference books:

  • Shark Tank Jump Start Your Business – Michael Parrish
  • Elon Musk – Ashlee Vance
MODULE 3: INVESTMENT PLANNING

Date: 31st July 2021:

Topics:

  • Investment planning
    • Stocks/shares
    • Bonds/Bills
    • Property/rentals/land
    • Cash
    • Starting and running businesses
    • Asset allocation and risk
    • Portfolio performance evaluation

Learning outcomes:

Criteria for making investment decisions

Reference Books:

  • Founder – Maynard Webb
  • Zero to One – Peter Thiel

Date: 29th August 2021

Topic:

  • Key purchases/expenditures
    • The home decision
    • The car decision
    • The education decision
    • Land purchase

Learning outcomes:

  • Evaluation criteria for making significant purchases.

Reference books:

  • Everyday millionaires – Chris Hogan
  • The millionaire next door – Thomas J. Stanley

Date: 26th September 2021

Topics:

  • Protecting your investments
    • Car Insurance
    • Health Insurance
    • Life assurance
    • Education insurance
    • Home Insurance

Learning outcomes:

  • Understand the value and the different available insurance products.

Reference books:

  • Happy Money – The Japanese Art of Making Peace with Your Money – Ken Honda
  • Grit – Angella Duckworth
MODULE 4: YOUR FINANCIAL PLAN

Date: 31st October 2021

Topics:

  • Retirement + Estate Planning
    • Retirement planning
    • Your will
    • Sustaining your estate beyond

Learning outcomes:

  • Planning for retirement

Reference books:

  • Earn it and enjoy it – Linda Proctor
  • Built to last – Successful Habits of

Date: 28th November 2021

Topics:

  1. Family finances
  • Family finances
    • Money + relationships
    • Children + money
    • Giving
    • In-laws and relatives

Learning outcomes:

  • Understand the role of money in personal relationships.

Reference books:

  • Debt proof your marriage – Mary Hunt

Date: 18th December 2021

Topics:

  • Your personal financial plan
    • Money goals
    • Investments
    • Retirement
    • Businesses
    • Career development
    • Multiple streams of Income

Learning outcomes:

  • Finalize your personal financial plan and present it to the group

Reference books:

  • Atomic habits – James Clear
  • Take Charge of your money – John Ntende

FACILITATORS

The facilitation team will be led by John Ntende (The Money Engineer). Different facilitators will be brought in for different sessions to share their experiences.

John has diverse experience in Management, Finance, Strategy, Enterprise development, etc. as indicated in the table below. John also publishes a daily financial literacy blog called the “The Money Engineer.”

PROGRAM BENEFITS

The program comes with the following FREE benefits/resources:

  1. A FREE copy of my book – Take Charge of your Money by John Ntende;
  2. Knowledge and information valued at over UGX 10 million distilled in a simple to understand fashion;
  3. Membership to an exclusive Whatsapp forum dedicated to helping you grow financially (all questions and inquiries will be addressed here);
  4. Monthly one on one coaching call with one of the leading experts on personal and business finance in the country (The Money Engineer);
  5. Interaction with likeminded peers eager to grow financially;
  6. Interface with different experts on different topics;
  7. MONEY BACK GUARANTEE: If anyone goes through this entire program, applies all the principles learned and they fail to either save, invest, or earn an additional UGX 1,000,000 within 12 months then we shall reimburse their tuition;
  8. FREE tools, apps and templates on budgeting, investment analysis, business plans, etc;
  9. FREE personal finance plan reviewed by The Money Engineer;
  10. Flexible and modular three-hour online sessions delivered monthly focussing on improving your economic wellbeing;
  11. FREE work book with all the templates and reference materials;
  12. The following FREE e-books (and many others):
  • Think and Grow Rich – Napoleon Hill
  • You were born rich – Bob Proctor
  • Secrets of the millionaire mind – T. Harv Eker
  • The Science of getting rich – Wallace D. Wattles.
  • The automatic millionaire – David Bach
  • Your money or your life – Vicky Robins
  • The Way to wealth – Benjamin Franklin
  • Total Money makeover – Dave Ramsey
  • The rules of work – Richard Templar
  • The Lean startup – Eric Ries
  • Startup school – Seth Godin
  • The E-myth – Michael E. Garber
  • The Art of money getting – P.T. Barnum
  • Richest Man in Babylon – George Samuel Clason
  • Shark Tank Jump Start Your Business – Michael Parrish
  • Elon Musk – Ashlee Vance
  • Dear Founder by Maynard Webb
  • Zero to One – Peter Thiel
  • Everyday millionaires – Chris Hogan
  • The millionaire next door – Thomas J. Stanley
  • Happy Money – The Japanese Art of Making Peace with Your Money – Ken Honda
  • Grit – Angella Duckworth
  • Earn it and enjoy it – Linda Proctor
  • Built to last – Successful Habits of Visionary Companies – Jim Collins and Jerry I. Porras
  • Debt proof your marriage – Mary Hunt
  • Atomic habits – James Clear

YOUR INVESTMENT

The total program cost is UGX 1,000,000 for all the four modules delivered on a quarterly basis. Each module goes for UGX 250,000. Participants can choose which module to pay for and participate in. A discounted price of UGX 900,000 is available for anyone who pays upfront for the whole year.

If you are interested in this program please get in touch with us through email (john.ntende@gmail.com) or Telephone/WhatsApp on +256788437543/+256708724953.

The first session will be held on Saturday 30th January 2021.