An interview with Scott Trench from Bigger Pockets on the creation of good luck, his background and journey to FI, and using house hacks to reach wealth.
On Today’s Show:
- Interview with Scott Trench from Bigger Pockets
- His book: Set For Life
- Scott’s background
- How he discovered the concepts of personal finance
- Why he wanted to bridge the gap between real estate and personal finance
- The tons of different ways to reach FI
- Becoming a lifelong learner
- His definition of luck: an intersection between preparation and opportunity
- How he started the chain of good luck
- How he constantly looked and found opportunities
- The three stages of wealth creation
- The core FI message
- How real estate is about buying an investment, not a house
- The different frameworks for getting started with real estate
- Where to include investment contributions
- Where to include investment contributions
- The different stages of house hacking
- Risk, reward, and leverage
- How to get young people on board with FI
- Hotseat questions
Listen to Brad and Jonathan’s thoughts about this episode here.
