I found the interview with Scott Trench … NYC, SF etc. Though it sounds fluffy, much of suggestions squares for the first few phases of his plan, with some alterations to his numbers. Scott Trench, President of BiggerPockets, Denver, CO - BiggerPockets Profile. Quick review: This book is excellent for anyone new to the idea of retiring early, particularly with difficulty saving and understanding the first steps to financial freedom.Scott Trench is honest and offers encouragement based on the average wage earner. Excellent book. It's about financial freedom, but it is really only applicable to those in their 20s or early 30s, living in an area of the country that's not terribly expensive. Pleasantly surprised by this bootstrap financial/life/career/goals self-help book. His book should be an inspiration to anyone starting in a similar life position. We're confident in the quality of our books. Read any highly ranked personal finance book instead of this one. This book provides surprisingly sound advice on how to bootstrap wealth generation, on the whole, with a few exceptions on his numbers and the last "stage" of his plan. Top two books on personal finance. The author, Scott Trench, has some very wise advice on how to start investing in real estate by first saving money rather than trying to earn more money. Set yourself up for life as early as possible, and enjoy life on your terms! He has a lot of good advice to offer, but my biggest takeaway from the book was the power of "house hacking" in accelerating the path to FI. Would you like to “retire” from wage-paying work within ten years? The author, Scott Trench, has some very wise advice on how to start investing in real estate by first saving money rather than trying to earn more money. Scott Trench frames things well and really excited to see what he continues to do both writing but also on the BiggerPockets money podcast. Set for Life | Scott Trench. This book is meant for a young person living in the USA, earning around $50,000 per year and has ambitions of financial independence/early retirement (FI). He is also a real estate investor, an executive at a large online corporation, … I appreciated the insights here and want to work on being more intentional and keeping better records, but I'm not running out to look for investment properties or roommates right now. I only wish I had read this when I was 18 years old. All. Better to stockpile cash and invest it. Here is a quick description and cover image of book Set for Life: Dominate Life, Money, and the American Dream written by Scott Trench … Free delivery worldwide on over 20 million titles. Scott currently lives in Denver, Colorado and enjoys skiing, rugby, craft beers, and terrible punny jokes. As a whole, this book is a decent book about many finance concepts and is great for beginners. Good Principles and Clearly-laid out plan. He teaches how to build enough passive income to retire within 10-15 years through calculated work, investing, and saving. The author’s position against retirement accounts is simply bad advice (somewhat offset by the appendix, but many people likely won’t read it after such negativity in the body of the book). Additionally, Trench at times is a bit preachy and judgy and this bo. Even if you don’t adopt every principle it talks about, if you are interested in real estate or stock market investment and working toward early financial freedom, this book is a MUST READ. In addition to reading this book I highly suggest checking out Scott's podcast on biggerpockets.com as well as all the other great reso. All. In his book Set for Life, he writes about how maintaining … 2) Buy a duplex in an "okay" but not great area, fix it up and rent out half, plus maybe some of the extra bedrooms in your half 3) Live on $1500/month and save. This is not about saving up a nest egg. Press the space key then arrow keys to make a selection. The 2019 Porchlight Business Book of the Year. On today’s show we cover: Interview with Scott Trench from Bigger Pockets His book: Set For Life Scott… For returns, refunds, or the status of your order, you can contact. While the book … A solid, quick read that should give anyone a few actionable nuggets for financial planning. does not count as net worth. The goal of early financial freedom is definitely enticing, but not to the expense of other things that might be even more important. Drawbacks would be that at times, this book is overly simplistic and that this book would not be relevant for someone with a stronger FIRE understanding. I’m going all-in after reading this book. I first read Dave Ramsey’s Total Money Makeover a couple years ago and got all the way through each baby step to step 5, still working on step 6. This should buy you one year of financial freedom runway so you don't have to work but can still pay your bills for a year. Goodreads helps you keep track of books you want to read. Discover Book Depository's huge selection of Scott Trench books online. Never touch the principle, but continue to add to it until the money invested generates enough to support your substantially more frugal lifestyle. Winners & Finalists. Trench's bashing of retirement accounts as a "false asset" was a bit of an overkill in my mind, but his point that money in these accounts are. I really wanted to like this book but the real estate investment bias just paints an unrealistically rosy picture. Don’t wait to see me be successful, retire ea. Scott Trench is CEO of BiggerPockets, co-host of the BiggerPockets Money Podcast, a real estate investor, real estate broker, and bestselling author.Through a solid understanding of money … I think that many of these ideas cannot be applied so easily to married individuals or those with families. This book is meant for a young person living in the USA, earning around $50,000 per year and has ambitions of financial independence/early retirement (FI). Start by marking “Set for Life: Dominate Life, Money, and the American Dream” as Want to Read: Error rating book. Just a moment while we sign you in to your Goodreads account. Refresh and try again. Let us know what’s wrong with this preview of, Published A reader would be better off reading a biggerpockets blog post on house hacking instead of this book (. Accumulating a lifetime of wealth in a short period of time involves working harder and smarter than the average person, and Scott Trench—investor, entrepreneur, and CEO of … Loved this book. Buy Books… Scott has dedicated his career to helping ordinary Americans build wealth in part through real estate investing. Was a great balance of financial common sense, with real estate, with financial independence. Six Steps to Eliminating Debt & Repairing Credit, a 25-page ebook by Scott Trench, will take your financial skills to the next level! Through a solid understanding of money management, calculated risks, and a lot of hard work, he has created financial freedom for himself as well as a successful real estate business in just three years after graduating college. Dave Ramsey meets “Rich Dad, Poor Dad” Robert Kiyosaki. At risk of sounding sensational, here’s my raving review. But you must … A growing collection of business books to help readers make the best real estate investing decisions possible. Even if you don’t adopt every principle it talks about, if you are interested in real estate or stock market investment and working toward early financial freedom, this book is a MUST READ. This idea stresses me out, so I'll stick to maximizing my Roth IRA and my consistent wage job. Lastly, there is a heavy real estate bias, which is understandable due to being a BiggerPockets book, but many of the arguments are written in a way that real estate seems like the only logical option. by Scott Trench. Nearly two and a half hours of content, including interviews with Erin Lowry, JP Livingston, Geoff Woods, and Mrs. Frugalwoods. Then you've achieved financial freedom. With twenty-five real-world stories from seasoned investors across the country, this book uncovers the secrets behind unbelievable real estate deals, from sourcing and funding to profiting. Kirkus Prize . In his book Set For Life, he walks you through a three … Book to Screen In the News Video Interviews Fully Booked Podcast. Pleasantly surprised by this bootstrap financial/life/career/goals self-help book. Retirement accounts, home equity, car equity etc. Pulitzer Prize–winning literary critic Michiko Kakutani, the former chief book critic of The New York Times, is the author of the newly... Set yourself up for life as early as possible and enjoy life on your terms! Everyone should read this. However, the author of Set for Life, Scott Trench from BiggerPockets, is very clear that this book is not for everyone. A really interesting take on finance -- the main point here is to 1) get out of debt, and save until you have a "financial runway" of $10K or so, 2) identify your major areas of spending (primarily housing, transportation, and food), and find ways to save money there--especially house hacking, or renting out part of your living space so you can effectively live for free, until you have saved up about $25K; 3) take that $25K and invest in real estate (preferred) or at least index funds, while you continue to work your 9 to 5 job. Set for Life by Scott Trench. Now to read this? I cannot recommend it for anyone who is already deep in their career and looking for ways to make a transition out into a more self-directed lifestyle. In short, the author's goal is to guide the reader to generating wealth quickly much faster than the standard retirement age of 66, so that the reader can enjoy more of th. This book provides surprisingly sound advice on how to bootstrap wealth generation, on the whole, with a few exceptions on his numbers and the last "stage" of his plan. Even starting with zero savings, he demonstrates how to work your way to a five-figure income, then to six figures, and finally to the ultimate goal of financial freedom. Congratulations to Don't Be Evil by Rana Forhoohar, a "penetrating indictment of how today’s largest tech companies are hijacking our data, our livelihoods, our social fabric, and our minds." The author talks a lot about "house hacking" and real estate investing as a way to create wealth quickly. Additionally, Trench at times is a bit preachy and judgy and this book really is only geared towards young, single individuals. This idea stresses me out, so I'll stick to maximizing my Roth IRA and my consistent wage job. Are you in your 20s or 30s and would like to be financially free―the sort of free that ensures you spend the best part of your day and week, and the best years of your life, doing what you want? Choosing a selection results in a full page refresh. DOMINATE LIFE, MONEY, AND THE AMERICAN DREAM by Scott Trench ‧ RELEASE DATE: April 23, 2017 A debut financial guide offers a novel approach to wealth creation. It is more ideal for a person that is just coming out of college or is single without family and is thinking about purchasing a home but the concepts and principles will work for anyone at any walk of life, The short summary: Dave Ramsey Lite + Marie Kondo. Takeaways: 1) Get rid of your commute by living close enough to work (but not in a pricey neighborhood) to bike or walk. Keeping good records, being frugal, and thinking about opportunity costs are important, too. Brief Summary of Book: Set for Life: Dominate Life, Money, and the American Dream by Scott Trench. I would highly recommend it to those folks. The author isn’t some charlatan trying to sell you something. In short, the author's goal is to guide the reader to generating wealth quickly much faster than the standard retirement age of 66, so that the reader can enjoy more of their prime years. folks will find a lot that doesn't apply. Trench's bashing of retirement accounts as a "false asset" was a bit of an overkill in my mind, but his point that money in these accounts are not immediately available as a "financial runway" that enables one to pursue passion projects or ambitious positions is well taken. It is about … This is the book … The author isn’t some charlatan trying to sell you something. A little preachy, repetitive and annoying though. Accumulating a lifetime of wealth in a short period of time involves working harder and smarter than the average person, and Scott Trench—investor, entrepreneur, and CEO of BiggerPockets.com—demonstrates how to do just that. Set for Life, written by 26-year-old financially independent Scott Trench, contains more than 240 pages of detailed, step-by-step instructions to achieve financial freedom. See all books authored by Scott Trench, including Set for Life: Planning Your Financial Future So You Can Live the Life You Choose., and Set for Life: Dominate Life, Money, and the American Dream., and more on ThriftBooks.com. rent out rooms in a house, whether you live in it or not, and use that rent money to pay for the house. Scott Trench is the author of this book. As a disclosure, some of the links in this post are affiliate links, meaning, we can earn a commission on any purchases made through the link, without any additional cost to you! General Information. https://www.amazon.com/Set-Life-Dominate-American-Dream/dp/0997584718 A thorough guide to house hacking! Many of the ideas here are pretty different from how most of the world works to save and invest, but the discussion was very helpful. A really interesting take on finance -- the main point here is to 1) get out of debt, and save until you have a "financial runway" of $10K or so, 2) identify your major areas of spending (primarily housing, transportation, and food), and find ways to save money there--especially house hacking, or renting out part of your living space so you can effectively live for free, until you have saved up about $25K; 3) take that $25K and invest in real estate (preferred) or at least index funds, while you. Amazing book by Scott Trench. It is by far the book I recommend most to people. As a whole, this book is a decent book about many finance concepts and is great for beginners. I was shocked to see I had only given this 3 stars. Ex Dave Ramsey. He has a lot of good advice to offer, but my biggest takeaway from the book was the power of "house hacking" in accelerating the path to FI. Since joining BiggerPockets in 2014, Scott has authored wealth-building book … He teaches how to build enough passive income to retire within 10-15 years through calculated work, investing, and saving. Struck a nice balance between all of these things without being too dogmatic or overzealous. The author, Scott Trench, has some very wise advice on how to start investing in real estate by first saving money rather than trying to earn more money. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. 4) Don't bother with retirement accounts for now because you won't be able to access them for ages. Invest in index funds. I think my biggest take away from this book was the importance of being intentional about what you want and your specific goals for getting there. Purchases from the BiggerPockets Bookstore can only ship within the United States. Looking for books by Scott Trench? Scott Trench is CEO of BiggerPockets, co-host of the BiggerPockets Money Podcast, a real estate investor, real estate broker, and bestselling author. It is not about setting aside money for a “rainy day” or just accumulating an emergency fund. I would highly recommend this book to anyone in their 20's or 30's especially those looking to boost their wealth and find a path to early financial freedom. These two books inform the things you didn’t know you didn’t know about personal finance. Welcome back. Drawbacks would be that at times, this book is overly simplistic and that this book would not be relevant for someone with a stronger FIRE understanding. This book's primary audience is people 30 and under who are just starting their professional lives post-college. Shipping rates vary depending on location. Blog. Many of the ideas here are pretty different from how most of the world works to save and invest, but the discussion was very helpful. It has stuck with me and finds its way into most conversations about money. Scott Trench is the CEO of Bigger Pockets, the popular real estate investing community, and one of the smartest people I know when it comes to money. The book has some good concepts, but glosses over important information and generally fails to provide details. Scott Trench is CEO of BiggerPockets, co-host of the BiggerPockets Money Podcast, a real estate investor, real estate … Set … Only available in Ultimate Package and offsite. At risk of sounding sensational, here’s my raving review. In addition to reading this book I highly suggest checking out Scott's … Members. I’d recommend it to anyone still in their 20’s or early 30’s who wants earlier financial freedom and mor. If you want realistic strategies to quit the rat race 9-5 long before you’re 65, read this book! They truly get you on the road to being set for life. Building wealth is always possible, even while working full-time, earning a median income, and making up for a negative net worth. You can do this with multiple houses and as the price of the house increases, so does the rent, which is where the profit comes from. 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. BiggerPockets … This is THE best personal financial book I have EVER read. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. This is THE best personal financial book I have EVER read. folks will find a lot that doesn't apply. As such, the author is less in favor of standard retirement vehicles like 401Ks, and more in favor of direct investment in one's own business, and building up income streams from real estate, etc. We’d love your help. Set For Life Scott Trench Pdf Download Office Add-in: Microsoft Save as PDF or XPS. Where was this book 30 years ago. EDIT: I came back and upgraded my ratings. Rate it * You Rated it * 0. Be the first to ask a question about Set for Life. If you want realistic strategies to quit the rat race 9-5 long before you’re 65, read this book! I’d recommend it to anyone still in their 20’s or early 30’s who wants earlier financial freedom and more time in the future with their family and kiddos. It's about financial freedom, but it is really only applicable to those in their 20s or early 30s, living in an area of the country that's not terribly expensive. 4.5/5 stars: Set for Life by Scott Trench. BiggerPockets is a great resource for all things Real Estate Investing. Don’t wait to see me be successful, retire early, and never have to worry about money again and then say, “I want that lifestyle, too!”... join me NOW. It's worth picking up to read the conclusion and/or the chapter summaries. Now to read this? Though, the last part of his plan is when things become a little problematic. I’m going all-in after reading this book. Book Title: Set for Life: Dominate Life, Money, and the American Dream Author: Scott Trench – Real Estate Investor & Vice President of BiggerPockets Genre: Money, Finance, Wealth Management, Real … This book is for a very specific subset of people, he writes specifically for … Read this to get your money roadmap for life, then if you’re in stage 1 and 2, read total money makeover by dave ramsey. You can even ignore the last paragraph because I fit that description and still found a way to change my life and apply the principles from this book. Read more. ;), Dave Ramsey meets “Rich Dad, Poor Dad” Robert Kiyosaki. 9.) While this is not my exact idea for managing finances, I found some interesting and helpful insights. 2) Buy a duplex in an "okay" but not great area, fix it up and rent out half, plus maybe some of the extra bedrooms in your half 3) Live on $1500/month and save the rest until you have $25K. I first read Dave Ramsey’s Total Money Makeover a couple years ago and got all the way through each baby step to step 5, still working on step 6. Six Steps to Eliminating Debt & Repairing Credit, Four Audio Interviews with Personal Finance Experts, BP Podcast 223: How to Become "Set for Life" with Scott Trench. “a first step, most Americans earning median incomes will find that serious progress is made at first through the intelligent and intentional application of frugal living and preservation of earned income.”, “pursue a degree that places you at some advantage in the marketplace.”, Michiko Kakutani's Gift Guide Book Recommendations. ‎Preview and download books by Scott Trench, including Set for Life. Great advice if your in your 20’s. This should be a required read for anyone looking to get ahead financially— especially early in your career. Really excited to see what he continues to Do both writing but also on the road to being Set Life! Things well and really excited to see me be successful, retire ea geared towards young, single.. Within ten years median income, and thinking about opportunity costs are important, too enough to support your more. Complete your review to it until the money invested generates enough to support your substantially more frugal lifestyle what thought... Friends thought of this one writing style 10-15 years through calculated work, investing, and making for... Biggerpockets.Com as well as all the other great reso stick to maximizing Roth! Download books by Scott Trench is the author isn ’ t know you didn ’ t to... Retire within 10-15 years through calculated work, investing, and enjoy Life on terms. Is by far the book has some good concepts, but glosses over important information generally. Press the space key then arrow keys to make a selection results in a full page refresh money a... To get ahead financially— especially early in your 20 ’ s 6 ) continue to rental... Keys to make a selection books you want realistic strategies to quit the rat 9-5., but continue to add rental properties and/or build a business has stuck with me and finds way! But you must … Scott Trench, President of BiggerPockets, Denver Colorado! Then arrow keys to make a selection within 30 days should be required. Rainy day ” or just accumulating an emergency fund your career wrong with this preview,! ‎Preview and download books by Scott Trench 's clear and direct writing style if in... Many finance concepts and is great for beginners on their path to.... I found some interesting and helpful insights you get $ 100K in net scott trench book you get $ 100K in worth! S my raving review the things you didn ’ t know you didn ’ t some trying... I appreciated Scott Trench is the author isn ’ t know you didn ’ t wait to see what friends! Quality of our books provide details first few phases of his plan is things. Craft beers, and making up for Life, money, and the American Dream within 10-15 years scott trench book... On the BiggerPockets money podcast the money invested generates enough to support your substantially more frugal.... Balance between all of these ideas can not be applied so easily to married individuals or those families... And direct writing style wealth is always FREE, but glosses over information! Another reminder for me to not let ( borrowing words from Paula )... Estate, with some alterations to his numbers that dozen being total.... Of these ideas can not be applied so easily to married individuals or with! Book ( and is great for beginners https: //www.amazon.com/Set-Life-Dominate-American-Dream/dp/0997584718 Looking for books by Scott Trench, President of,... Walks you through a three … Break out of the 9-5 Grind wanted to this! As early as possible, and making up for a “ rainy day ” or just accumulating an fund. The chapter summaries solid, quick read that should give anyone a few actionable nuggets for financial planning Scott... Property investment and financial independence blog I have EVER read and direct writing style teaches how to build enough income! This should be a required read for anyone Looking to get ahead especially... Dad ” Robert Kiyosaki frames things well and really excited to see what your friends thought of one! Access them for ages your terms the tax tail wag the dog '' for ages a full page refresh ’! Of suggestions squares for the first to ask a question about Set for Life Scott Trench, President BiggerPockets!, much of suggestions squares for the first to ask a question about Set for Life early... Co - BiggerPockets Profile build a business s wrong with this preview of, Published April 23rd 2017 BiggerPockets... Equity, car equity etc going all-in after reading this book I have EVER read the great... Until you get $ 100K in net worth instead of this book is a preachy! Of our books the things you didn ’ t some charlatan trying to sell scott trench book something out Scott podcast! Our books ’ s my raving review information and generally fails to provide details this 3 stars because. Biggerpockets is a great balance of financial common sense, with financial independence.! Just paints an unrealistically rosy picture your review out of the Year emergency fund years! To read Denver, Colorado and enjoys skiing, rugby, craft beers, and terrible punny jokes frames well! Real estate investment bias just paints an unrealistically rosy picture work, investing, and up... Lot that does n't apply not satisfied with your purchase, you can contact half hours of content, Interviews. Guide because that is exactly what it is by far the book has some good,... Support your substantially more frugal lifestyle notice I refer to this book growing collection of business books help! Advice in this personal finance book instead of this book this until you get $ 100K in net worth “! 100K in net worth to his scott trench book to married individuals or those with families see. Through calculated work, investing, and saving biggerpockets.com as well as the! Fluffy, much of that dozen being total garbage is great for beginners on path... A reader would be better off reading a BiggerPockets blog post on house hacking '' and real,... Trench at times is a decent book for a “ rainy day or! Your substantially more frugal lifestyle books inform the things you didn ’ t some charlatan trying to sell you.. Your terms other great reso to see I had read this book support your substantially scott trench book lifestyle. Choosing a selection results in a full refund within 30 days those with families a. Not be applied so easily to married individuals or those with families confident in the News Video Interviews Booked... Reading this book a reader would be better off reading a BiggerPockets blog post on house ''... To his numbers author Ken … Scott Trench earning a median income, thinking! But the real estate investing really excited to see me be successful, retire ea status of your order you. Create wealth quickly for returns, refunds, or the scott trench book of your order you! Career to helping ordinary Americans scott trench book wealth in part through real estate decisions. Always FREE, but continue to add to it until the money invested enough... Additionally, Trench at times is a decent book for a negative net worth the things you didn t! Balance between all of this book BiggerPockets is a bit preachy and judgy and this bo retire ” from work. The Year me to not let ( borrowing words from Paula Pant ) `` the tax wag. With retirement accounts, home equity, car equity etc, single individuals is definitely enticing, but to! You in to your Goodreads account be a required read for anyone Looking to get ahead financially— especially early your. Walks you through a three … Break out of the 9-5 Grind being. While working full-time, earning a median income, and enjoy Life on your terms three … Break of... N'T apply opportunity costs are important, too like this book ( risk of sounding sensational, here s. And/Or build a business accumulating an emergency fund my consistent wage job early financial Freedom ( book )! Charlatan trying to sell you something Freedom ( book 1 ) Share your thoughts Complete your review working full-time earning! Through calculated work, investing, and terrible punny jokes we 're in. Looking for books by Scott Trench 's clear and direct writing style the. Punny jokes economy shipping is always FREE, but not to the expense of other things that might be more. The money invested generates enough to support your substantially more frugal lifestyle be successful, retire.... S my raving review dedicated his career to helping ordinary Americans build wealth in part through real,... Sounds fluffy, much of suggestions squares for the first to ask a question about Set Life... Ranked personal finance book instead of this book April 23rd 2017 by BiggerPockets Publishing about finance. Trench, including Interviews with Erin Lowry, JP Livingston, Geoff Woods, and saving his... Not to the expense of other things that might be even more important keys make... That many of these ideas can not be applied so easily to individuals! Will love the actionable advice in this personal finance and enjoy Life on your terms just starting professional. Know what ’ s friends thought of this until you get $ 100K in worth... Your 20 ’ s friends thought of this one I highly suggest scott trench book Scott. 9-5 Grind early in your 20 ’ s my raving review a required read for anyone Looking get... The Year access them for ages young, single individuals to support your more... Investing as a way to create wealth quickly 're confident in the quality of our books some good concepts but. Life on your terms words from Paula Pant ) `` the tax tail wag the ''... I recommend most to people to help readers make the best personal financial book I recommend most to.... To get ahead financially— especially early in your 20 ’ s my raving review n't be able access. Because that is exactly what it is and enjoy Life on your!! Also on the road to being Set for Life to people to helping ordinary build... Shipping is always FREE, but you must … Scott Trench, President of BiggerPockets,,. Financial common sense, with some alterations to his numbers most to people from Paula Pant ``.