I did a quick google search and found a puzzle piece already in .svg format. https://www.svgrepo.com/svg/55656/puzzle
I imported it into Easel, removed the bottom cutout, and resized it to my wood dimensions. I then added my text and made 2 copies. The first copy was for the text to be carved with a 60° V-Bit. The second copy was to cut out the puzzle shape using a 1/8" 2 flute bit.
I mounted the wood to my X-Carve and carved the text first with the 60° V-Bit.
Estimated time: 25 minutes
I then changed the bit over to the 1/8" 2 flute bit and cut out the puzzle piece. It didn't quite cut all the way through the material so I cleaned it up with a flush trim saw and a razor knife.
Estimated time: 25 minutes
I masked off the text to lessen the sanding time and then gave it a good coat of black spray paint.
I let that dry for about 20 minutes and then removed the tape.
Estimated time: 10 minutes
I let the spray paint dry over night and then sanded off the excess with 120 grit sandpaper on my orbital sander.
Estimated time: 30 minutes