Digital Social Hour
Richmond Dinh: Lost $1,000,000… Then Spent His Last $50K on Tony Robbins | DSH #1661
12 Dec 2025
Chapter 1: What is the main topic discussed in this episode?
Just do it the right way. I was chasing money as a young person without any real purpose to what the money could do for me.
Chapter 2: How did Richmond Dinh lose over $1 million in the Australian property market?
And the biggest lesson I learned, like if money does not have a purpose, then there is no purpose for money. And so most people chase money and then when they get it, they don't know what to do with it.
Chapter 3: What motivated Richmond to invest his last $50K in personal development?
But I was young, I was like looking for the shortcut and I didn't have a purpose for money. And so I think, you know, if you're young and you're looking for a shortcut, like I always say the right way, like the shortest way is the right way.
Okay, guys, all the way from Australia. Let's go down under. We got Richmond here today. Long flight, man.
Chapter 4: How does AI impact job security in various professions?
Long flight. And I'm bummed that I'm not your first Australian on the show.
Chapter 5: What are the hidden risks associated with certain professional degrees?
You're not. You're probably top 10, I'd say.
Chapter 6: What is the Tiny Challenge framework and how does it work?
It is a long flight, you know. Let's go.
I got to get out there one of these days and just film a bunch.
You should. You should, man.
Chapter 7: What lessons did Richmond learn about the purpose of money?
I'll connect you a lot of people to film with.
Where in Aussie are you? Sydney. Sydney? That's where all the ballers are, right?
Yeah.
I think the average house there is like a million.
It's crazy, man. Yeah, it's about 1.2 average house. But I don't even know how people afford it these days. It's just even in America, like how do people afford this cost of living? They just find a way.
With the interest rate. I don't know what the interest rate in Australia is, but like it's 8% here right now for a house on a mortgage.
Yeah, it's pretty similar. Yeah.
So if you're spending a million on a house, I mean, the payment. Yeah, it's crazy. Were you in Sydney for a while before the market blew up?
Yeah, I grew up in Sydney.
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Chapter 8: How can someone effectively sell outcomes instead of time?
I was born there. I'm 42 now. I know it's so hard with Asians, right? It's hard.
You could have been anywhere from 20 to 50.
Dude, when I tell people I've been with my wife for 21 years, they're like, what? You look like you're 22 though. That's crazy. Yeah, yeah.
Your wife Asian too?
Yeah, she is. No one picks her ages as well.
My mom wanted me to marry Asian.
Oh, but why not?
I don't know, just didn't fall that way, you know. Asians love to keep it in house, you know.
Yeah, well, my dad's Vietnamese and, well, my parents are Vietnamese, but my dad was like, you got to marry only a Vietnamese girl. I'm like, that's very specific, you know.
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