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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Young and Profiting (YAP) with Hala Taha: Entrepreneurship and Self-Improvement Podcast · Scott Trench: How to Fast-Track Financial Freedom and Early Retirement | Finance | E367 · 8 Sep 2025 podcast

You and I, we're fundamentally different people in the way that we view some of these things, right?

I was very uncomfortable spending money and there's a huge hoarder problem in the fire community for a lot of folks.

I think I've largely escaped with the worst of that.

You certainly would not visit my house and say, what a cheapskate here at this point.

You would have said that about me seven, eight years ago.

I didn't install a heater in one of the duplexes I lived in for my section of it until the winter came because I wanted to accumulate wealth there.

But I also think that the goal was never to live frugally indefinitely.

It was, I'm living frugally for a reason right now, because there are levers on this journey.

I can spend less, I can earn more, I can create, or I can invest.

And I had no assets to invest.

I didn't have an entrepreneurial skillset to create.

And I was maxed out on the income front for what was impossible to me in the immediate future at each point, you know, in those first few, three, four, five years.

And so frugality was my lever in order to accumulate wealth at that point.

And as that has no longer my key lever, it's much more important for my financial position for me to build my business or manage my investment portfolio than it is to save a dollar or save $10,000.

It's just so much more important for me to focus on these other levers that I've stopped worrying about it.

And I spend pretty freely at this point.

I feel very comfortable doing that from my asset base in a way I wouldn't from business or earned income.

There's a number of things.

I've got some fun toys in the house.

I've got a home gym.

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