
Set for Life: An All-Out Approach to Early Financial Freedom

How to Track Your Time
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
Much like frugality, increased earning potential must be pursued by dissecting one’s resources and ruthlessly cutting out the fat.
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
Benefits are nothing, nothing, in comparison to the opportunity to scale and to bet on yourself. Benefits are one piece of the puzzle when selecting a job. Understand their purpose. Their purpose is to attract you to the job and keep you satisfied enough to stay as long as you are needed.
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
Don’t be that brilliant young professional who contributes greatly to an organization yet buys themselves into a lifestyle where they are incapable of pursuing any dreams beyond those of the next rung on the corporate ladder. Don’t become dependent on a standardized career track with predictable earning increases. Don’t wake up in five years and re
... See moreScott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
How to Track Your Time
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
Don’t shy away from monthly cash flows that take a little bit of effort to maintain; instead, view them as exceptionally high-wage jobs that require a small amount of periodic effort.
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
Pursue opportunity, not stability.
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
The threshold to be in the top 1 percent was about $600,000 per year, according to a SmartAsset study in 2022.18
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
Instead of seeking totally passive income, investors should seek investments that produce large amounts of income with relatively little work. They should look for opportunities to solve problems in return for large savings or revenue opportunities,