Feb 28 2025 42 mins 359
How has Scott achieved so much financial success already in his early 30s? He’s got a secret weapon nobody else has: Virginia Trench! That’s right, the woman behind half of the puns you hear on this podcast is coming on the show! She's sharing her view on Scott’s early (and extreme) frugality, massively successful financial planning dates, goal setting as a couple, prenuptial agreements, and the Trenches’ recent decision to sell a solid chunk of their index fund portfolio.
Virginia met Scott before he was CEO, before he had a sizable rental portfolio, and before he became one of the internet’s favorite money nerds. Together, they’ve worked hand-in-hand, building a FI lifestyle that fits their family while chasing their own individual dreams, including Virginia becoming a published author with her new book, Our Secrets Were Safe, coming out this summer!
In this episode, we peel back the curtain and get a glimpse into how Scott and Virginia run the Trench household and its finances. What’s the one thing they have trouble not spending on? What is their repeatable process for achieving enormous financial goals? And is Scott secretly the world’s worst/best baker? If you’re a long-time listener, this is an episode you can’t miss!
In This Episode We Cover
The repeatable money date that Scott and Virginia use to keep their family finances in shape
Goal setting as a couple and how to reach seemingly impossible milestones
Prenuptial agreements and why Scott and Virginia would recommend one for couples
What Virginia thinks about Scott’s recent decision to sell off their index funds
The one spending problem that Scott and Virginia both admit they struggle with
And So Much More!
Links from the Show
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Email Scott: [email protected]
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BiggerPockets Money YouTube Channel
BiggerPockets Money 301 - Why You’re (Probably) Wrong About Prenups
Preorder Virginia’s New Book, “Our Secrets Were Safe”
Grab Scott and Mindy’s Book, “First-Time Home Buyer”
Sign Up for the BiggerPockets Money Newsletter
Find an Investor-Friendly Agent in Your Area
BiggerPockets Money 607 - Has the FIRE Formula Changed? Why 100% Index Funds Isn’t the Answer
(00:00) Intro
(01:47) Super Frugality and FIRE Goals
(04:57) Spending and Blind Spots
(08:42) Getting a Prenup
(12:08) Financial Planning Dates
(17:08) Goal Setting 101
(24:57) Scott Goes Coconuts
(321:05) Selling Index Funds
(35:49) Grab Virginia’s Book!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-611
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