Scott Trench
speaker
696 appearances
1 recordings
1 series
first heard Sep 2025
last heard Sep 2025
Scott Trench’s voice in public audio — every appearance, attributed to the second.
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Appearances
And so it's a tool, but it's not the main story for a lot of folks that go about it.
It's not one that everybody uses.
But I think that by being strong in real estate, that will help me think about the other ways to help people achieve FIRE and how and when to incorporate it.
I would say that this wave of fire influencers in the 2010s, early 2010s, which I'll throw out the Mad Scientist, all these funny names, Mr. Money Mustache was in there.
There was an earlier Retirement Extreme blog out there.
It really kind of reset, what is this American dream?
The American dream, I think, used to be house on a hill with white picket fence.
And I think that that shifted around that time to this concept of some level of financial independence and time freedom.
And it's continued to shift in that direction and evolve since then.
I think FIRE at that time also was grounded in savings rate.
It was as simple as you're going to just save a tremendous percentage of your income by cutting back your expenses.
And some people took that to the point of such extreme that it was very off-putting to a big portion of the population.
And I think that that is beginning to shift to a large degree.
The spending is still a central tenant in this, but I think that
What I'm learning and I've observed is that it's really important at the beginning of the FIRE journey.
If you actually want to retire early, yes, you do have to adopt these extreme low spending principles for the most part, or you have to be an outlier on the income production or entrepreneurial side.
But you only have to do that for maybe two, three, four years to get on the other side of the capitalism snowball.
And from there, your asset base begins to expand and often your income opportunities begin to expand.
So for example, I'm able to spend much more now
If I had saved 10% of my income starting in 2013, I would be spending much less today than I currently can because I was able to amass a big asset base, turn that into large piles of passive income, turn that into opportunities like being able to take a lower-paying
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