All Forum Posts by: Scott Trench

This is awesome Derrick!

You may want to consider advertising with BiggerPockets.  I can help you out with that if you are interested.

-Scott

Also FYI "Hodgepodge" = "A confused mixture"

Hi All,

I think most people on BP are self-taught or self teaching when it comes to Personal Finance.  I know that my study has been a hodge-podge of Corporate Finance, blog and Podcast study, books, and trial and error.

I wish there was a course on how to do all this, but being young and naive ( @Ben Leybovich ) I would love to have some structure to my ongoing education in personal finance!

Can anybody list some resources that did the following for them:

- Sparked interest/passion in personal finance

- Changed their outlook on finance/investing

- Actually got into the nitty gritty of specific types of investments

- Just proved useful when studying personal finance in some other way

Some of my favorite personal finance materials so far are:

The Four Hour Work Week - Tim Ferris

The Millionaire Next Door - Thomas Stanley + William Danko

Rich Dad, Poor Dad - Robert Kiyosaki

For more in depth study, I look to Coursera courses and of course blogs like BP.  

Anyways - I would love to hear your favorite resources and read up on them!

Andrew,

Thank you for your donation to BiggerPockets!  I've gone ahead and attached the donor badge to your profile.

If anyone has any questions about donations, or has any trouble, please feel free to reach out to me! 

-Scott

Hi guys,

I was just curious to see how much many Real Estate Deals are made possible with BiggerPockets.  I know that the Duplex I'm buying was made possible by my agent - who I met through BiggerPockets.  

I know others out there have done deals through the platform, and I'd love to hear a story of how the site helped you, and to know how many deals have been made possible because of the platform.

Any thoughts?

@Seneca Stephens I think that you might not actually be the youngest person to make a comment about financial independence - I just turned 24 actually and am extremely interested in this.

I think that you are right that material goods don't mean happiness in the long run, but that the relief from the financial rat race, and not having to struggle (or work) at all IS something you can buy - I think it costs about $1 million per family give or take!

At a very safe after inflation 4% return, $1 million generates about $40,000 per year, which is all that I think that I'll ever NEED.  After that level of wealth, everything else can go to luxury spending, which is just icing on the cake, but certainly not worth working a job that you don't like for!

I certainly keep it a secret from @Joshua Dorkin 

 Thanks Dawn!  That job sounded hellish.  I'm glad you found a way out of it and are making your own way - your story is particularly interesting and I'm glad you got a chance to share it on the Podcast!

@David C. Very cool - That obviously took both planning and guts!  I was thinking of Financial Independence in the OP as more of "early retirement" or completely passive cashflow, but your post has shown me that financial freedom has more than just that form.  Clearly, you've created a situation where you are able to spend your days doing as you please, and doing business with who you please.  Very impressive.