362: Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan

A financial plan puts you on the path to long-term wealth and a life rich in time freedom. So why don’t most Americans have one? Everyday workers are often so focused on paying bills and having a sliver of time to relax that they completely forget the whole reason many of us work—to one day do what we want, when we want, with who we want. So, if you’ve been on the grind, making money, wanting to build wealth, but don’t know where to start, this is the episode for you.

In it, Scott Trench walks through his “investment philosophy,” a simple, customizable plan that has allowed him to build wealth at record speed all in less than ten years. This document can be used by anyone in any position no matter how much you have invested or saved up. Once written, this simple financial plan gives you laser-focus on building wealth, so market crashes or corrections become a buying opportunity and slow months/years are something to cherish, not worry over.

Scott and Mindy walk through this document piece by piece, giving you the exact answers you need to build your investment plan today. Although this document may sound simple, it’s what will define your life’s effort for the foreseeable future and give you the structure you need to accomplish massive wealth-building goals that may have seemed almost impossible before!

Get the Personal Investment Philosophy Template Here!

In This Episode We Cover

Why creating a financial plan/investment philosophy is so crucial when building wealth 

Goal setting and discovering the principles of investing that you follow

How to set your “target state” and what to do after you’ve achieved your biggest goals

How to choose which asset classes to invest in (even if you’re brand new to investing)

Emergency funds, safety reserves, and when or when not to keep a large cash position

The three steps you can do TODAY that will fast-track your wealth-building

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

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BiggerPockets Forums

Finance Review Guest Onboarding

Mindy's Twitter

Scott's Instagram

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Check Out Mindy’s 2022 Live Spending Tracker and Budget

Get the Personal Investment Philosophy Template Here! 

Finance Friday: First Down Market? Here’s How to Stop Stressing

The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-362

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