Weiss Advice
Weiss Advice
Becoming a 10x Giver Through Real Estate with Nick Stromwall
While profit is important, Nick Stromwall's driving motivations are faith, community, and outsized generosity. How outsized? He aims to one day live on just 10% of his income, giving away the other 90%. And he's using real estate investing as the vehicle to create the wealth to make that extraordinary generosity possible. He's also teaching his three young sons (plus one daughter on the way!) to be entrepreneurial—they already launched their own candle business.
Nick is the Operations Director for Kingdom REI and the founder of Oak and Vine Capital. Nick loves serving others and finding ways to maximize technology to leverage kingdom impact. Nick enjoys spending time with his wife and three sons enjoying the outdoors, mountain biking, and cultivating a love of music. Nick is passionate about investing in businesses that want to create Kingdom Impact.
[00:00 - 14:35] The Motivation Behind Giving
- Nick was drawn to Kingdom REI's values of prioritizing impact over profit
- The aim to live on 10% of his income so he can give away the other 90%
- How real estate investing can create extraordinary resources to help others
[14:36 - 21:50] Discovering Real Estate and Entrepreneurship
- Nick had some financial education from his parents at a young age
- The power of real estate investing through books like Rich Dad Poor Dad
- He learned about cash flow, appreciation, and tax savings opportunities in real estate
[21:51 - 26:33] Using Profits to Create Legacy and Impact
- Oak and Vine represent strength and being tethered
- Nick helps people invest so they can create impact and leave a legacy
- Ties charitable giving to each new real estate project
[26:34 - 32:42] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
- Worst job ever was biking to a nursery
- Book that gave a paradigm shift: “The Ruthless Elimination of Hurry” by John Mark Comer
- Skill/talent to learn: Wail a saxophone
- Success means getting to that point of living on 10% to give 90% away
Connect with Nick
Website: https://www.oakandvinecapital.com/
LinkedIn: https://www.linkedin.com/in/nickstromwall/
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Tweetable Quote:
"Everybody has this idea of financial freedom as their monthly budget number...why aren't people 10X-ing what they need so they can give the other nine parts away?" - Nick Stromwall