Description
Welcome to the "Go Big to Give Big" podcast with Randy Molland and Steve Arneson! In this episode, we are talking about the passion of purposeful real investing with Andrea Cwik and Rachel Grunn! Andrea and Rachel are nationally recognized business experts in the field of real estate, who together have established themselves as personal money multiplier strategists. With their education podcast and expertise in smart investments, they have a combined investment portfolio of over $180M in assets under management. They are the co-founders and Managing Partners of GoodGood Investing, a company that empowers entrepreneurs and busy professionals with creative ways to multiply their money and take control of their time. Their mission is to help others build a passive income stream that generates wealth while they sleep, allowing them to achieve more free time and live the life they have always wanted.
In this episode, Rachel and Andrea share insights on overcoming obstacles as business partners and the importance of giving back. They discuss their passion for making commercial real estate investing accessible, offer a self-audit tool for personal finances, and provide coaching and education for investors. They also emphasize the significance of alignment, community impact, and purposeful living, as well as teaching children about gratitude and giving back. Overall, this episode highlights the value of communication, service, and making a positive impact.
Join us for an inspiring conversation on how entrepreneurs use their businesses to make an impact and create a better future!
[00:00 – 13:38] The Birth of a Partnership
· Rachel and Andrea from Good Good Investing are passionate about giving back and are heavily involved in the educational space, hosting their own podcast, webinars, and meetups, and selling different types of products to help real estate investors.
· Good Good Investing is not only about education but also provides opportunities for investors.
· Rachel and Andrea's partnership started with a podcast, but it has evolved into a sophisticated platform that provides opportunities for investors as well.
· Rachel and Andrea's partnership is flourishing because they think alike and are passionate about the same things.
[13:38 - 24:22] Building the Importance of Trust and Respect in Partnerships
· Finding partners with offsetting skill sets is the biggest benefit of any kind of partnership.
· Partners are like cogs in a wheel, pieces that keep everything formed, structured, and propelling forward.
· Balancing different philosophies is a challenge, but talking through ideas helps
· Working with a partner helps identify blind spots and pushes you out of your comfort zone
[24:22 - 39:40] Giving Back and Social Responsibility in Real Estate Investing
· Giving back is important in the real estate space, which is often associated with greed and bad stigmas.
· Investors appreciate partnering with real estate companies that do well with their money.
· Real estate investors should care about their investors and want to do good in the world.
· Incorporating a "feel good" element into real estate investments adds value to investors.
[39:40 - 44:13] Quick Questions
· Brag one about a charity you like: To Andrea: Dream Center Dallas. To Rachel: the Housing Crisis Center of Dallas
· What would get you more excited? Donating a $1 million check or spending a week physically helping others: Spending a week physically helping others.
· Who inspires you with their giving? Andrea and Rachel’s moms
· Do you entrepreneurs should start including a giving component in their business from day one, or wait until they've seen some success and have some money in the bank: “From day one of your business if you aren't a good steward of n
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