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

So if you're really serious about going into business, getting your expenses super low so that you have all this runway and all this time to begin getting your business off the ground can be very powerful.

And that's a great use case for house hacking or buying a business, right?

Bart Cuban, I don't know what he invests in now, but I'd be surprised if he was buying duplexes.

Wouldn't be surprised if he had some allocation to real estate in a general sense as a result of his training wheels and his duplex all those years ago getting started.

But I think you'll find a surprising number of self-made,

very wealthy people actually did something like having a bunch of roommates or even buying a property and letting out a few of them to take a little bit of cash flow to free them up to actually spend the rest of their time not working a job, but working on their business.

I live in a nice house.

And the house specifically has the toys that I've told you about.

And it specifically has this bedroom, which was perfect for an office.

and a podcasting studio.

And it's not an investment.

This is why I worked to generate this wealth is so that I could spend it and live a fire lifestyle the way I wanted to.

And I think that at this point in your life, you should buy exactly where you want to live.

You should get all the things that help you, your business be convenient and successful.

And it's a great use of funds with it.

I would say that in your situation, it probably doesn't matter too much.

And it will depend, in your case, less on the actual financial model and more on if you rented it, would your landlord be cool with you actually making this other property into a podcast studio and decorating it the way you want?

You buying it and having that flexibility may completely overwhelm any other math on the buy versus rent decision.

But I would bet that if you ran a, should I buy or rent on the condo, that it would say you should rent instead of buy unless your timeline for ownership is at least 10 to 12 years.

That'd be my guess without knowing anything else about what you're asking.

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