Set for life

Scott Trench does a good job of framing his thoughts in an easy to read format that breaks up the path to early financial freedom into three distinct steps.  Those steps are:

  1. Obtain your first $25,000 through Frugality
  2. Move to $100,000 through Housing and Income Generation
  3. Move to Financial Freedom

Overall, I feel that Scott's thoughts are well put, but they definitely tend to focus toward what I imagine his career trajectory looked like.  They are generally useful action items for people under 35 or so, but I believe that people later in their careers would also glean some useful nuggets from reading.

The Good:

First, I love the time that Scott takes to explain new topics or concepts as he introduces them in the book.  He doesn't assume that you know everything about everything, this can certainly be a double edged sword if you find yourself well read on the topics, but his breakouts were relatively concise and effective. Along that same vein, Scott also does a great job of compartmentalizing each of his topics.  He doesn't get off track very easily and does well in fully fleshing out topics where necessary.

I also appreciated that he provides insights into why he feels that a concept is either a good idea or a bad idea.  He does this through introducing multiple options on how to get from point A to point B.  With this book obviously being from, he was able to successfully sneak in nuggets about real estate and why he went that route without making it seem like he's forcing it down your throat.

His concepts are similar experiences to what I've felt for a long time and have been in the process of putting into words through my blog posts and I can agree with a lot of what he says, for the most part.  His writing style is clean and not overbearing, and the book was an overall pleasure to read as I found myself nodding along in agreement.

The Bad:

The biggest complaint I have about this book is that it seems to have fallen to the same problems that a lot of the books do.  There just wasn't enough effort in editing his writing.  I would say that at least every chapter there was something worded in an odd way, or written in a tense that didn't make sense for the writing.

My only other real concern about the book is that it's heavily focused on the younger generation.  While this book is perfect for someone even as young as high school, it will likely resonate less with someone above 35.  Scott also really only explores one option for changing your career and mentions that sales is the best career path to get into.  While I don't agree with that, and having been in a sales type position before, realizing that it wasn't my style - I can understand that this likely came from his lack of experience within a working career and finding something that happened to work well for him.

Why Read:

Though Scott Trench has a few missteps with his specific career advice, and comes from a relatively narrow lens of his personal background, (which I think can be attributed to his age), he does a fantastic job of clearly laying out the path that one could - and should - follow to set themselves up for life. I would absolutely read another book by Scott if there was one.