New Venture Lab: Equipping Christian Entrepreneurs

Question

Should I consider ways of investing the money God has given me in a way to produce more income/wealth?

Answer

Absolutely.  We need to "trade" with the "talents" God has given us to produce more.  The easiest leverage to be gained is money leverage.  Putting money out at interest or investing in a cash-flow producing asset with money is the easiest and most powerful way of producing income without effort.  I often refer to this as leverage.  There are several different ways of creating leverage such as the following:

1) Customer relationship leverage - ability to cross-sell more goods and services to a customer once a customer is acquired; 

2) People leverage - ability to delegate tasks to others in order to produce an income from their efforts;

3) Technology leverage - ability to automate a business process in order to reduce costs;

4) Financial leverage - the ability to use money to produce an income with minimal effort;

5) Asset leverage - the ability to use assets to produce an income with less effort; and 

6) Intellectual property leverage - the ability to create something once and sell it over and over again with no effort to reproduce it (books, movies, software, patents, etc.)