Description
Welcome to the "Go Big to Give Big" podcast with Randy Molland and Steve Arneson! In this episode, we discuss the importance of life beyond money with Saket Jain. Saket is a #1 bestselling author, investor, syndicator, tech enthusiast, and philanthropist. As the Founder and CEO of Impact Wealth Builders, he helps people achieve financial freedom through real estate. With over 15 years of experience, Saket has built a portfolio of 2000+ units worth $200M. He also serves as a Business Operations leader at Airbnb HQ, leveraging his expertise in technology and finance. Saket holds an MBA from Columbia Business School and a Bachelor's degree in Engineering from IIT, India. When not working, he enjoys quality time with his wife and two daughters.
In this episode, Saket shares his transformative journey from tech consultant to living with monks in India. Inspired by personal challenges, including his father's refusal of money for medical treatment and the loss of family members, Jain returns with a mission to use real estate as a long-term passive investment for philanthropy. He and his wife prioritize education and aim to sponsor K-12 education for 100,000 children by 2030. Randy joins the conversation, discussing fulfillment, life balance, and supporting disadvantaged individuals through education. Jain also explores the positive response of investors to businesses incorporating giving components, such as Airbnb's concept of belonging. He emphasizes the importance of structuring donations properly for long-term sustainability in helping the less fortunate.
Tune into this inspiring discussion about the importance of giving both monetarily and non-monetarily!
[00:00 - 14:25] Delivering High Yield Returns for Socially-Minded Investors
· Saket is the CEO of Impact Wealth Builders and host of the Migrate2Wealth Podcast.
· He is focused on using real estate as a long-term passive investment to give back.
· He left his corporate job to live with monks in India, and now he is back building an empire to make a massive impact in the world.
· His tagline is "Delivering high yield returns for socially minded investors".
[14:16 - 30:37] How to Achieve Balance in Life and Make an Impact
· Saket had two life-changing moments: Dad developed cancer, leading to a shift in perspective that decisions affect an extended ecosystem, and he lost a job in 2016, leading to the realization of the importance of financial autonomy.
· Money is important, but not everything - understanding this helped lead to a happier life
· Saket realized education was the lever that changed his life and discusses the importance of giving education to those without resources.
· Saket also shares how he uses the same model in his life, creating financial freedom for others.
[35:37 – 42:40] Discovering the Power of Giving
· Donation is becoming more accepted, and people are looking for ways to make an impact.
· Giving doesn't always have to be money; it can be something else that someone needs
· Giving can be beyond money, such as time, learning, and teachings
[42:40 – 49:09] Quick Questions
· Brag about a charity you like: Isha Foundation
· What would get you more excited? Donating a $1 million check or spending a week physically helping others: A week physically helping others.
· Who inspires you with their giving? Randy Molland and Steve Arneson
· Do you think that entrepreneurs should include a giving component from day one or wait until they've seen a little bit of success and have some money in the bank? Saket thinks that people should incorporate a giving element into their lives.
· What is the first thing you think of when you hear Go Big to Give Big: Inspiration.
· In one word, describe the feeling you get when you give: Fulfillment
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