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
But yes, there is a concept, I think, that's emerging in the space of people don't actually do this, right?
I spent a lot of time talking about FIRE and how you can build a $2.5 million portfolio and withdraw 4% a year.
But the research shows that nobody does this.
Traditional retirees, they cannot bring themselves to sell off a portion of their stock market index funds, for example, or stock holdings, sell the principal and use it to fund consumption.
People just can't mentally do this.
It's a very key problem in financial planning.
I can't do this personally.
And I spent my whole career studying this.
That's one of the reasons why I like real estate is because it generates cashflow.
And for some reason, cashflow hits different.
My rental properties are spitting off a lot more cashflow than a good lifestyle cost for me.
That's something that's very comfortable.
It's something that I really can just enjoy my time.
And I can spend three days doing nothing here and two days on the podcast and feel comfortable with that in a way I wouldn't if I had a traditional stock bond portfolio.
So that's a really interesting problem that I'm trying to explore in this space.
And I think I'm annoying people as I share this problem because, you know, he spent 15 years trying to build a portfolio where you can distribute at 4%.
And then you learn that you can't bring yourself to do it in the end, or most people can't.
What does that say about the FIRE community and the goal that we've set for ourselves in this space?
Coast fire is a young person's acronym, right?
It's for someone in their 20s or 30s for the most part.
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