Scott and Virginia Trench: Goals, Spending, Prenups, and Family Finances | Bigger Pockets Video

Episode #611

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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

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!