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A review by inkerly
Set for Life: Dominate Life, Money, and the American Dream by Scott Trench
hopeful
informative
inspiring
fast-paced
4.25
Notes: https://docs.google.com/document/d/1BHTzo8KZOm3odDXZpXDx0EFSgoYOVP1vnWTAMCeoodA/edit
This was a very thorough and enlightening personal finance and self improvement book that covered all the bases as to how to attain early financial freedom. This book is largely geared towards individuals who have just graduated college or are entering the workforce but the advice can apply to anyone in middle America wanting to change their lifestyle. I like that the holy Trinity - finance, health, and mental well being - were explored because if one is lackluster you will not be able to thrive in the others . I have heard all of the advice in this book more or less before so it’s not NEW but the way the author seams the advice together and lays it out is perfect for people just starting out . Trench’s advice is great for people who agree with the philosophy of Rich Dad Poor Dad but also want a realistic and on the ground approach to getting there without having to partake in “hustle culture” like so many other gurus stress. Parts II and III really dove into that and helped me to reassess my own strategies. Partial points taken off because it seems odd that some of his advice contrasts with that of Bigger Pockets -which he simultaneously promotes/is employed by . For instance, Trench says that investing using other peoples money doesn’t make you an investor, just a financial manager (which is in stark contrast to the Bigger Pockets team as they have a whole book series dedicated to investing in real estate with low/no money down as “creative” investing). Also towards the end there are templates provided for setting goals and todos and writing daily gratitudes but not many if any templates for the financial advice he espoused. Would like more templates for that. But overall this was a good book
This was a very thorough and enlightening personal finance and self improvement book that covered all the bases as to how to attain early financial freedom. This book is largely geared towards individuals who have just graduated college or are entering the workforce but the advice can apply to anyone in middle America wanting to change their lifestyle. I like that the holy Trinity - finance, health, and mental well being - were explored because if one is lackluster you will not be able to thrive in the others . I have heard all of the advice in this book more or less before so it’s not NEW but the way the author seams the advice together and lays it out is perfect for people just starting out . Trench’s advice is great for people who agree with the philosophy of Rich Dad Poor Dad but also want a realistic and on the ground approach to getting there without having to partake in “hustle culture” like so many other gurus stress. Parts II and III really dove into that and helped me to reassess my own strategies. Partial points taken off because it seems odd that some of his advice contrasts with that of Bigger Pockets -which he simultaneously promotes/is employed by . For instance, Trench says that investing using other peoples money doesn’t make you an investor, just a financial manager (which is in stark contrast to the Bigger Pockets team as they have a whole book series dedicated to investing in real estate with low/no money down as “creative” investing). Also towards the end there are templates provided for setting goals and todos and writing daily gratitudes but not many if any templates for the financial advice he espoused. Would like more templates for that. But overall this was a good book