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!

00:00 Intro
02:27 Why Build an Investment Philosophy?
09:04 Goals and Core Tenets
18:53 Bonus Considerations
26:35 Do THIS First
27:50 Asset Classes and Emergency Funds
39:54 3 Steps to Take NOW

Get the Personal Investment Philosophy Template Here: http://BiggerPockets.com/InvestmentPlan
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Show Notes at:
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Find an Investor-Friendly Agent in Your Area:
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Episodes Mentioned in Today’s Show:
Money Date: https://www.biggerpockets.com/blog/bi...
Bill Bengen: https://www.biggerpockets.com/blog/bi...
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Consider This Before Defining Your Investment Philosophy:
https://www.biggerpockets.com/blog/de...
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
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Finance Friday: https://www.biggerpockets.com/finance...
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/s...
Mindy: https://www.biggerpockets.com/users/m...

Episode 362

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