Fit Rich Life Scott Trench: Avoiding the Middle Class Trap & Proactively Building Financial Freedom | Episode 31
Scott Trench, CEO of BiggerPockets, shares his story on how he achieved Financial Independence by age 27 & then how he went on to become the CEO of a company that he is incredibly passionate about. Scott dives deep into multiple strategies for achieving Financial Freedom in addition to sharing how one can avoid the “Middle Class Trap” that could potentially forever rob you from ever becoming financially free. We also cover several other wealth building strategies in the episode.
Scott is an expert in Real Estate Investing, Wealth Accumulation & Business Building. He’s also got some great Dad Jokes.
Tune into this episode for a fun & inspiring interview that packs a massive amount of actionable-insight to power your Entrepreneurial & Financial Freedom Journey.
What you will learn in this episode:
- Financial Freedom tools like House Hacking & Real Estate Investing
- How to avoid the Middle Class Trap
- How to get on the same page with Money and your Spouse/Partner
- How to pursue Financial Independence w/ speed & efficiency
- An evolving definition of Financial Independence
- How to be an Entrepreneur & maintain an Entrepreneurial Mindset
- Utilizing Networking to proactively grow your career
- The power of a Sales Career for reaching FI very fast
- Whether or not you should get into Real Estate investing
- Asset classes that are ripe for the picking
Connect with Scott on Instagram.
Website: www.BiggerPockets.com
Key Quotes:
“If you wanna become financially free, you gotta sell the house.” - Scott Trench
“My goal was to become financially free.” - Scott Trench
“The four levers (of Financial Independence) are to spend less, earn more, invest, or create.” - Scott Trench
Resources Mentioned:
Set For Life by Scott Trench
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Show Notes: www.alchemizelife.com/podcast/
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