Thursday, January 19, 2012

the $10 business :: an introduction

As if this week could get more exciting- the big sofa redo, this awesome giveaway, a very happy Wednesday, and then today... even more big news! :)

I’ve had this little project in the works for a few weeks, and I couldn’t wait to tell you all about it!

I got this in the mail last month for completing a survey:

IMG_8105

and it really made me stop and think, because these verses from Matthew have been a recent point of long discussions at our house lately:

“For it will be like a man going on a journey, who called his servants and entrusted to them his property. To one he gave five talents, to another two, to another one, to each according to his ability. Then he went away. He who had received the five talents went at once and traded with them, and he made five talents more. So also he who had the two talents made two talents more. But he who had received the one talent went and dug in the ground and hid his master's money. Now after a long time the master of those servants came and settled accounts with them. And he who had received the five talents came forward, bringing five talents more, saying, ‘Master, you delivered to me five talents; here I have made five talents more.’ His master said to him, ‘Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.’ And he also who had the two talents came forward, saying, ‘Master, you delivered to me two talents; here I have made two talents more.’ His master said to him, ‘Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.’ He also who had received the one talent came forward, saying, ‘Master, I knew you to be a hard man, reaping where you did not sow, and gathering where you scattered no seed, so I was afraid, and I went and hid your talent in the ground. Here you have what is yours.’ But his master answered him, ‘You wicked and slothful servant! You knew that I reap where I have not sown and gather where I scattered no seed? Then you ought to have invested my money with the bankers, and at my coming I should have received what was my own with interest. So take the talent from him and give it to him who has the ten talents. For to everyone who has will more be given, and he will have an abundance. But from the one who has not, even what he has will be taken away. And cast the worthless servant into the outer darkness. In that place there will be weeping and gnashing of teeth.’
Matthew 25:14-30 ESV

Now we probably all agree that there is a larger concept being taught here- Jesus is telling a parable of using what you’ve been given by God for the glory of His kingdom- your gifts, your talents, your skills, your creativity- all of it belongs to Him, and we are to give back to His kingdom by bearing fruit. We aren’t supposed to take salvation only for ourselves, or hold on to and hide what God has given us! That’s a sin that is worthy of eternal punishment. Some very serious business- Jesus isn’t kidding around here.

But just thinking about what this parable means literally- a talent was worth about 20 years of wages for a laborer. In today’s terms that would be about $600k for your average worker making $30k per year. Imagine if someone gave you that much money to invest!! Would you be a little scared? And the one with the greatest ability got a cool $3 million to play with! Yikes! That’s crazy! It’s not so hard to imagine the one with the least ability being a little scared of handling their exacting master’s $600k, is it now?

It’s been such an interesting topic for us!

We are supposed to be good stewards of what the Lord has given us- we are to be faithful in finances as much as every other part of our lives. There isn’t one compartment for the physical matters of this life and a separate one for the spiritual things. They are ALL His. Right?

So anyway, my idea is this: I want to take this $10 bill and follow the literal example Jesus gave in the parable. God gave me the $10 {who randomly gets $10 cash in the mail from a survey, anyway?} and I wanted to take it and see what it could become in six months, then in one year, and then in two.

I’m calling it The $10 Business- it’s basically what I consider starting a business from scratch. Pretty much anyone can find an extra $10 to do the same, don’t you think?

The Rules:

  • I will only reinvest any earnings the business makes for the entirety of the project {ending at year two.}
  • I will not pay myself for my time during these two years.
  • I will not go into debt.
  • Every transaction will be conducted with cash behind it.
  • Profits and losses will be recorded just the same way- the business will absorb any loss just as any gain.
  • I will give you guys a running total each quarter of profit, loss, and completed transactions.
  • I will render to Caesar’s what is Caesar’s, and follow business laws to the best of my ability.

This experiment is not a short-term one by any means, and I’m expecting as the investment funds grow, I will have to deal with larger transactions, which means more risk for the business. It’s going to be a big challenge- I can see lots of part-time work in my future!

Ahhh, I’m excited! This is going to be fun! I’ll be posting about this project on a regular basis! {as long as I don’t lose it all! ha!}

next week: the very first investment of my $10 business!

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don’t forget to enter the big giveaway:

to win 1 of 3 copies of the Money Saving Mom’s Budget!

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