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
riskier job at a company like BiggerPockets, for example, and use that to explode my income and asset base, which now supports a very high standard of living.
And I think people are starting to realize this phenomena of how by moving into a dumpy duplex house hack for a few years, you can begin to compound the amount of cash you can accumulate and deploy it
to get on the other side.
So all these other new acronyms like chubby fire, two and a half to $5 million portfolio, or a fat fire, five to 10 million or much greater portfolio are starting to come into play.
Where folks are like, no, no, I want to retire early.
I don't want to spend this little, but I'm willing to put in a couple of years of grind in order to flip the script so I can do that for the rest of my life.
That was more appealing to me.
And that's what I've been able to achieve.
Yeah.
What is FIRE?
It's when you have enough passive cash flow from your asset base to cover your standard of living, most commonly defined as a $2.5 million portfolio distributing 100 grand at the 4% rule.
Like you said, 4% of the portfolio per year.
I didn't suggest that one.
We talked about that in a recent podcast.
Great research from you on there.
But a friend of mine put into ChatGPT a new concept where it was going to cash flow.
His portfolio is going to cash flow enough.
So the FIRE community, last thing it needs is more acronyms.
FLOW is not a real acronym, Jim.
I don't know where you're going with that.
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