Another clip from my interview with Giuseppe Tulino on his upcoming podcast.
Many business owners reinvest everything back into their business. But at what cost? Here’s why you need to start paying yourself sooner.
Did you hear about the guy who put all his eggs in one basket?
Turns out he’s not very good at carrying baskets.
Luckily, in investing, concentrating your eggs in one basket may sometimes be a good idea—if you carefully manage the risk and bring in expertise to help mitigate your blind spots.
And I know - this goes against “Traditional Financial Advice” which CLEARLY says never to have more than 10% of your wealth in one asset. (And to be clear, I DON’T disagree with this!) It’s just … while that’s great advice for preserving wealth, ask any wealthy person how they got where they are and the answer is often concentration.
Concentrating your time, energy, and money on one big opportunity can build wealth—but it’s risky. If things don’t go as planned, the consequences can be significant. Here’s how to manage it:
✔️ Be confident in your decision.
✔️ Have a plan to protect yourself if things go wrong.
Concentration builds wealth. Diversification preserves it. The key to success is knowing when to shift focus from one to the other.
Have you ever wondered if your investments could effect Kingdom change around the world?
Imagine funding:
✔️ A little girl receiving life-saving medicine.
✔️ A village gaining access to clean water.
✔️ Breakthroughs in healthcare bringing hope to families battling Alzheimer’s.
These are real examples of how businesses can make a difference when they prioritize human flourishing. But have you ever considered where your investments are going? Do they align with your values?
Faith-based investing allows you to be intentional with your wealth while seeking to make an impact.
