Scott Trench
👤 PersonAppearances Over Time
Podcast Appearances
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.
Frugality is extremely powerful, even if it sounds unappealing at first.
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.
I had set out to achieve fire, to retire early and enjoy my life, and I had done well past that point.
I want to practice what I preach a little bit.
The best answer to that, I think, is tech.
Thanks so much.
I'm super excited to be here.
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.
When you talk about risk, the clarity of my career progression had I stayed in this corporate job
was a much bigger risk to me than taking a chance on something, right?
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.
Senior finance director, you got the picture there.
And in 20 years, I would have been, if things had gone really well, CFO of a large public corporation.
Most people don't ever even get there.
And to me, that was just not fast enough for my ambition and perhaps the yearn for freedom that I had.
And so I began studying, what do I really want here?
Well, I want time freedom.
I want the ability to direct exactly how I spend every hour, every waking hour of my day.
And the FIRE movement became very attractive to me at that point in time.