Personal Development

Success Without Fulfillment is the Ultimate Failure: Why Giving Back is Vital to Good Business

Expertise: Real Estate Investing Basics, Personal Development, Landlording & Rental Properties, Real Estate News & Commentary, Business Management, Flipping Houses, Real Estate Deal Analysis & Advice, Personal Finance, Real Estate Marketing
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find-purpose

“We make a living by what we get, but we make a life by what we give.” —Winston Churchill

Successful real estate investors are go-getters and achievement-oriented typically. They desire financial independence and work hard toward this goal. Still, many of the successful real estate investors I have met over the years also have a strong interest and desire to give back, as well. When you meet very successful people, they are always the type who are contributing to their community in some capacity. Ironically, giving back has been one of the ways they have become so successful.

I have learned that the more you give, the more you get. It is like a boomerang. Whatever you throw out comes back to you.

So what are the best ways to give back? There are hundreds of creative ways, but I thought I would share three areas of your life where you can give to others. Hopefully the following examples inspire you in some way to give a bit more to your community and to this world.

3 Ways Investors Can Give Back to Their Communities (& the Larger World)

1. Your Time

As I have shared in other blog posts, the one limited resource is time. There is an abundance of everything else—money, energy, resources, people, etc. However, time is that one limited resource. As such, we all must use our time as wisely as possible.

Giving up your time is a big deal. It’s precious, after all. So choose wisely.

I love when people say they “don’t have the time” to give back. I think this is absolute nonsense. It is unlikely that you “don’t have the time”; it is that you choose to not “make” the time. We all make time for what is important to us and what aligns with our values. So if you find yourself saying this often, then you might want to examine it a bit closer. If giving back is important to you, you will make the time to do it.

Interview of two business professionals

Related: Why Investors Should Give Back to Their Communities Year Round (NOT Just at the Holidays!)

In the world of real estate investing, sharing your knowledge is a simple yet powerful way to give back. I am sure you know this already, but answering questions on the BiggerPockets Forums is an incredible way to give back to others. By sharing the lessons you’ve learned and knowledge you’ve acquired as a real estate investor (regardless of how long you have been investing), you help others avoid mistakes and create a successful real estate investing business. Everyone has something to give. Share what you know. Knowledge is invaluable.

Another terrific way to give your time is in the community where you are investing. Find local organizations that align with your values and goals. Even if you invest out of state, there are ways to help organizations and give your time without having to be there physically.

Additionally, one of the easiest ways to give back is to volunteer for your local real estate investing group. Many real estate investing clubs are volunteer-based and nonprofit. We have volunteered for our local New Jersey REIA group (SJREIA) since we began investing many years ago. Some would say, “Well, the reason you volunteer is for exposure, finding deals, and networking.” Yes, over the years, volunteering for this organization has produced deals, resources, and networking opportunities. However, we are very clear that our involvement is mainly about giving back to investors and the investor community.

Every single nonprofit group needs help and support. Get involved and help out—and these efforts will be returned to you.

2. Your Talent

“Everyone has talent. What is rare is the courage to follow the talent to the dark place where it leads.” —Erica Jong

We all have talents. I don’t care who you are, where you are from, how many units you own, etc. You have certain talents that are gifts to this world. Talents are your top strengths and skills. What are you amazing at? What do you do at an exceptional level?

Here are some examples of talents that you can share and “give” to others:

  • Public speaking
  • Writing
  • Networking
  • Critical thinking
  • Research
  • Marketing
  • Sales
  • Advertising
  • Graphics
  • Photography
  • Programming
  • Teaching/training
  • Negotiating skills
  • Planning

My challenge to you is to get clear on your true talents and then find ways to share them with others. One of my talents is teaching and training. I came from corporate America, and for many years, I was a trainer and consultant. So, teaching others comes fairly easy to me. I have taught various workshops (for free) for our local REIA group. This has been a wonderful way for me to give back and share my talents with others.

So, what one or two of your talents can you begin to give away to help others?

Pensive African man sitting in the office at the table making notes in a notebook

3. Your Treasures

According to Merriam-Webster, a treasure is something of great worth or value.

When most people think of “treasures,” they often think of jewels, diamonds, and, of course, money. And yes, giving away money is a huge way you can give back as a real estate investor. However, I often like to think of “treasures” more like assets. Assets can be anything from money to property to resources.

Related: The Top 10 Coolest Gifts Financial Freedom Has Given Me

You can certainly give back by good old financial giving. One of the ways we have financially given in our community of Trenton, N.J., has been sponsoring events. Our office building is located in a community called Mill Hill. Each year, they host a holiday walk through old historic homes. We typically sponsor this event and others in the city. This is one small way we can give back and also support the organizations doing good work in our local community.

As real estate investors, you have the amazing ability to also give your properties. For example, our church was paying a ton of money to store extra chairs in a storage unit. We told them that they can use the basement of our office building to store these chairs. Simple as that! It is one way we help out by using our space.

The Bottom Line

I share these examples today to help inspire you to find ways on a daily, weekly, and monthly basis to give back. I encourage you to brainstorm how to give back through your time, talents, and treasures.

In closing, Zig Ziglar said it best:

“Life is an echo. What you send out, comes back. What you sow, you reap. What you give, you get. What you see in others exists in you.”

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Any other ideas on how to give back?

Let me know your thoughts with a comment!

Engelo Rumora, a.k.a.”the Real Estate Dingo,” quit school at the age of 14 and played professional soccer at the age of 18. From there, he began to invest in real estate. He now owns real estate all over the world and has bought, renovated, and sold over 500 properties. He runs runs Ohio Cashflow, a turnkey real estate investment company in the country (Inc 5000 2017 & 2018) and is currently in the process of launching a real estate brokerage called List’n Sell Realty. He is also known for giving houses away to people in need and his crazy videos on YouTube. His mission in life is to be remembered as someone that gave it his all and gave it all away.

    Jerry W. Investor from Thermopolis, Wyoming
    Replied over 2 years ago
    Engelo, Probably your best blog post ever. Thank you for sharing it with us. A life that is only about a dollar amount in the bank is not much of a life.
    Engelo Rumora Specialist from Toledo, OH
    Replied over 2 years ago
    Thanks Jerry, I appreciate your kind words mate and very true. I’m still “chasing” the dollar but that will soon completely change. We only need so much before we can live a life full of purpose and helping others in anyway we can. Have a great day and speak soon
    Adam Ulery from Safety Harbor, FL
    Replied over 2 years ago
    Love this. It’s awesome and inspirational, Engelo. I also want to remind people that you don’t have to wait until you’re “successful” or until you can give huge (e.g. a house). Give what you can, based on your circumstances. I’m working hard so I can give huge one day, too. Until then, I’ll continue giving what is “huge” to me now.
    Engelo Rumora Specialist from Toledo, OH
    Replied over 2 years ago
    Thanks Adam, 100% agree. There are many ways to help and the best ones don’t necessarily consist of giving something tangible. I strongly believe that the more you give, the more you will get. Much success and keep the dream alive 🙂
    Kevin Leonce Investor from Atlanta, N/A
    Replied over 2 years ago
    Really appreciate this one. Thanks for taking the time to put it together and sharing.
    Engelo Rumora Specialist from Toledo, OH
    Replied over 2 years ago
    No worries Kevin and thanks for your comment. Have a great day
    Katie
    Replied over 2 years ago
    Giving away houses is great AFTER landlords have first made sure that they are providing their tenants with clean, durable, well-maintained HOMES to rent. Otherwise, it reminds me of (true story) a certain local dentist who plays money games with his patients in order to finance his charity trips to provide free dental care in Africa. Charity begins at home.
    Engelo Rumora Specialist from Toledo, OH
    Replied over 2 years ago
    Thanks Katie, We had thousands of folks praise our efforts for giving the house away as we could have sold it easier than giving it away for free and made a huge profit. We did get a few messages from folks with corrupt mindset that said we are doing it for tax purpose and to redeem our souls for something we have done in the past lol Ultimately, the deed was done from the heart and we didn’t allow a few people to spoilt the good that we did. Charity begins from the heart and without a hidden agenda. Much success 🙂
    Craig Pfeffer
    Replied over 2 years ago
    Enjoyed your podcast and thanks for sharing. I have a strong faith in God and live by the scriptures taught in the Bible. There are several scriptures in the Bible regarding “giving”, but one of my favorite ones is Proverbs 11:24-25: “One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed.”
    Craig Pfeffer Rehabber from Louisville, Kentucky
    Replied over 2 years ago
    Keep up the podcasts Engelo!
    Engelo Rumora Specialist from Toledo, OH
    Replied over 2 years ago
    I sure will Thanks
    Engelo Rumora Specialist from Toledo, OH
    Replied over 2 years ago
    Beautiful words mate and thanks for sharing. Have a great day
    Clark Harris Rental Property Investor from California
    Replied about 2 months ago
    Thanks for sharing this! This is really good stuff I should learn from.