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Scott Trench

👤 Person
696 total appearances

Appearances Over Time

Podcast Appearances

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

People hate their jobs a lot of times in this country, and that's a powerful motivation to get started on the journey to financial independence.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

Frugality is extremely powerful, even if it sounds unappealing at first.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

It both increases the amount of capital you can accumulate in your personal portfolio, and it reduces the amount of wealth that your portfolio needs to generate for you to live off of.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

I had set out to achieve fire, to retire early and enjoy my life, and I had done well past that point.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

I want to practice what I preach a little bit.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

The best answer to that, I think, is tech.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

Thanks so much.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

I'm super excited to be here.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

Sure, so you go back into 2013 and I'm making $48,000 per year with an entry-level finance job, which is good for a kid just out of college at that point.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

When you talk about risk, the clarity of my career progression had I stayed in this corporate job

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

was a much bigger risk to me than taking a chance on something, right?

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

If I were to stay there, I would have gone from financial analyst one to financial analyst two to finance manager to senior finance manager to finance director.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

Senior finance director, you got the picture there.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

And in 20 years, I would have been, if things had gone really well, CFO of a large public corporation.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

Most people don't ever even get there.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

And to me, that was just not fast enough for my ambition and perhaps the yearn for freedom that I had.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

And so I began studying, what do I really want here?

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

Well, I want time freedom.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

I want the ability to direct exactly how I spend every hour, every waking hour of my day.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367

And the FIRE movement became very attractive to me at that point in time.

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