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
The obvious components are keep your housing expenses low through house hacking, starting a business, but these are nothing new.
What I think is new to the community is we're seeing a huge population in this country that are actually millionaires.
I think there's 22 million millionaire households in this country.
And there's a big wealth dichotomy.
So there's plenty of people at the bottom too.
But this surge in the millionaire population and people who are technically at this fire level of wealth, I think is really catching a large amount of people by surprise.
And from there, I think what's emerging is, oh, I'm so used to investing very aggressively.
Like if you talk to most people listening to this, they probably have 100% stock portfolio and no diversification outside of that asset class.
Maybe they're in stocks in Bitcoin or maybe they have a highly leveraged real estate investments, but nobody has a conservative portfolio in this space.
And I think a lot of people have the stated goal of time freedom and the cost of time freedom for most people is going to be a less aggressive investment portfolio.
So I think that's what's really new in this space is huge chunks of the community waking up and being like, I'm actually kind of rich right now, but I'm so used to hoarding.
I'm so used to spending very little and I'm so used to investing aggressively and I can't shift my brain to actually putting together a conservative portfolio and spending anything close to what I'm capable of.
And that's a really interesting problem.
It's not what anyone would have expected.
It's a very first world problem, but that's the fun one I think is actually new.
Well, for example, retirement research, retirement planning research typically uses an example of a 60-40 stock bond portfolio.
Do you own any bonds?
Neither does anybody else, right?
I poll our community, third of which say that they're at their FIRE number.
90% of them own no bonds.
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