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033: Achieving Financial Freedom with Scott Trench

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Scott is the Vice President of Operations at BiggerPockets. He is passionate about personal finance, financial freedom, and real estate investing. Scott is the author of Set for Life.

Scott started building his real estate portfolio by house hacking his first duplex in Denver, Colorado. He has since expanded his real estate through small multifamily properties.

Outside of real estate investing, Scott enjoys biking, rugby, and exploring Colorado. Scott prides himself on his Hawaiian shirt collection and has one rule when wearing a Hawaiian shirt. That is, you get only one button, it doesn’t matter wear, but you can only button one button.

Key Points

  1. Saving your way to financial freedom
  2. House hacking your first property
  3. The first $25,000 is the hardest
  4. Pursuing the path of financial freedom rather than the traditional path of retirement accounts

Lightning Round

  1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Saving up the down payment. Scott was able to save by optimizing his savings and living frugally.
  2. Do you have a personal habit that contributes to your success? Scott sets our his goals every year, quarter, and week, and day. This keeps Scott accountable.
  3. Do you have a favorite online resource? BiggerPockets and Mr. Money Mustache
  4. What book would you recommend to the listeners and why?
    The One Thing, by Gary Keller and Jay Papasan
    The Compound Effect by Darren Hardy
  5. If you were to give advice to your 20 year old self, what would it be? Do a house hack while in college.

Resources

Set for Life: Dominate Life, Money, and the American Dream by Scott Trench

The One Thing, by Gary Keller and Jay Papasan

The Compound Effect by Darren Hardy

Visit Audible for a free trail, and a free audio book download.

Contact Scott

https://www.biggerpockets.com/users/ScottTrench

About the author, Jacob

Jacob Ayers is an entrepreneur, real estate investor, and constant learner of business, self-improvement, time management, real estate investing, and a myriad of other things.

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