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    Summary of Scott Trench's Set for Life
    Summary of Scott Trench's Set for Life
    Summary of Scott Trench's Set for Life
    Ebook32 pages17 minutes

    Summary of Scott Trench's Set for Life

    By IRB Media

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    About this ebook

    Get the Summary of Scott Trench's Set for Life in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Building wealth is always possible, even while working full-time, earning a median income, and paying off debt. By layering philosophy with practical knowledge, Set for Life gives people in their twenties and thirties an action plan to conquer their financial goals early in life. With more than 140,000 copies sold, this anniversary edition gets a refresh with new content, updated numbers, and even more valuable tips and tricks learned over the last five years.

    Scott Trench—real estate investor, co-host of the BiggerPockets Money Podcast, and CEO of BiggerPockets—demonstrates how to accumulate a lifetime of wealth over a short period of time. Even starting with zero savings, you can go from a five-figure income to six figures, from an active job to passive income, then finally to the ultimate goal of financial independence.

    LanguageEnglish
    PublisherIRB Media
    Release dateAug 12, 2023
    ISBN9798350064384
    Summary of Scott Trench's Set for Life
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Scott Trench's Set for Life - IRB Media

      Summary of Scott Trench’s Set for Life

      Contents

      Overview

      Introducing Financial Freedom

      Financial Resilience

      The Path to Financial Mastery

      How Habits and Choices Affect Your Financial Path

      Property Investment

      Accelerating Income Growth

      Exploring Lucrative Career Paths

      Redefining Success Through Strategic Income Growth

      Building a Network of Success

      Wealth Inequality

      Housing, Education, and Cash Management

      Lifestyle Choices and Knowledge

      A Balancing Act

      Maximizing Success

      Self-Education, Networking, and Gratitude

      Taking Off from Your Runway

      About the Author

      Overview

      If you want to attain financial freedom at an early age, you need a fresh perspective on wealth management. The conventional wisdom of your family, friends, and colleagues won’t get you there. In Set for Life (2017), Scott Trench offers advice to help you reach financial freedom under twenty-first century capitalism. It’s designed for people who earn a median income - around $50,000 - and have little or no savings, but there’s good advice for everyone. To get started, forget about the things that are out of your control. Work hard, spend as little as possible, and invest your money wisely to set yourself up for the life that’s awaiting you.

      Introducing Financial Freedom

      The traditional American Dream formula of working for wages for 30-40 years and then retiring on saved income and investments is no longer feasible for most people. However, there is a different formula that can produce retirement-level wealth within less than 10 years. Those who achieve early financial freedom enjoy

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