MI004: Entry Level Analyst to CEO & Financial Freedom with Scott Trench (Investing Podcast)
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 4 September 2019
⏱️ 32 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.6 | Hey, everyone. On today's show, I sit down with Scott Trench to discuss his career advice, |
| 0:07.3 | personal finance, investing in real estate, picking individual stocks, and much, much more. |
| 0:12.4 | For those of you who may not know who Scott is, Scott quickly progressed through his career |
| 0:16.0 | by becoming the vice president of operations at biggerpockets.com just one year after he graduated college, |
| 0:21.8 | where he is now currently the CEO. He is also the author of Set for Life, a successful real estate |
| 0:27.2 | investor, and co-host of the Bigger Pockets Money podcast. I hope you all enjoy this educational |
| 0:32.4 | and thought-provoking conversation with Scott Trench. You're listening to Millennial Investing by the Investors Podcast Network, where your host, |
| 0:41.7 | Robert Leonard, interview successful entrepreneurs, business leaders and investors to help |
| 0:46.8 | educate and inspire the millennial generation. Welcome to the show. I'm your host, Robert Leonard, and I have Scott Trench from |
| 1:02.4 | BiggerPockets.com here with me today. Welcome to the show, Scott. Thanks for having me here. |
| 1:07.1 | Yeah, I'm super, super excited to have you here today. As I mentioned, when we were talking briefly before, is I'm a big fan of yours in your book and Bigger Pockets in general, so I'm really excited to be talking to you today. And I gave a brief introduction about you already, but can you talk to us about your story? I want to hear about your journey from college into the corporate world and then how you realized that that wasn't necessarily right for you and |
| 1:27.5 | you want to go into real estate investing and then you know now you're ultimately CEO of bigger pockets |
| 1:31.7 | can you walk us through that journey yeah awesome so i went to college at a school in Nashville |
| 1:37.1 | Tennessee it was Vanderbilt university and joined a fraternity and really wasn't really thinking |
| 1:42.4 | hmm how do i just as assertively as possible build a |
| 1:45.0 | career foundation here? It was more like, I'm going to get my degree, have a great experience, |
| 1:48.9 | and see what happens after that. Money was not a topic in my head. However, I was surrounded by a lot |
| 1:54.3 | of wealth while in school with a lot of my peers. Some of the folks that I went to school with would have a concept of money of, hey, my father makes a lot of money. And so when my bank account runs low, my father's secretary will fill it back up again. And that's my relationship with money. I was like, oh my gosh, this is ridiculous. After college, I went to Europe for a couple of weeks with a couple of buddies and spent the last few thousand dollars that I had saved up, working summer jobs and all that kind of stuff. At my first job, I was making about $48,000 per year. And within three months, I was very ambitious. I wanted to kind of make an impact at the company and have and leave a mark and make a difference. And so I would use my path as a financial analyst to think, like, how can I save the company |
| 2:37.2 | a lot of money? |
| 2:37.7 | How could I make a lot of money? |
| 2:39.3 | And it really felt to me very quickly that there were a few opportunities to have an impact |
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