How to Set FIRE Goals and Actually Achieve Them (2026)
Episode
36 min
Read time
2 min
Topics
Productivity, Health & Wellness, Personal Finance
AI-Generated Summary
Key Takeaways
- ✓Life Vision Document: Create a one-page document describing ideal home life, daily routines, weekends, community, fitness, and financial position; update quarterly to ensure goals align with this vision and maintain consistency over time.
- ✓Mindset Shift from Accumulation: Scott transitions from aggressive wealth building to preservation mode after achieving financial independence, focusing on living off portfolio cash flows rather than maximizing net worth growth, marking first year without financial goals.
- ✓Weekly Goal Review Protocol: Spend fifteen to thirty minutes every Sunday planning the week ahead, ensuring at least one or two actions progress each top goal; this simple habit creates momentum even without daily tracking.
- ✓Risk Parity Portfolio Results: Starting with ten thousand dollars in July and withdrawing five percent annually (forty-two dollars monthly), the portfolio grew to eleven thousand two dollars by year-end, demonstrating sustainable withdrawal strategies work.
What It Covers
Scott Trench and Mindy Jensen share their 2025 accomplishments and reveal their 2026 goals across personal, professional, and financial categories, demonstrating contrasting approaches to goal-setting and life planning for FIRE-focused individuals.
Key Questions Answered
- •Life Vision Document: Create a one-page document describing ideal home life, daily routines, weekends, community, fitness, and financial position; update quarterly to ensure goals align with this vision and maintain consistency over time.
- •Mindset Shift from Accumulation: Scott transitions from aggressive wealth building to preservation mode after achieving financial independence, focusing on living off portfolio cash flows rather than maximizing net worth growth, marking first year without financial goals.
- •Weekly Goal Review Protocol: Spend fifteen to thirty minutes every Sunday planning the week ahead, ensuring at least one or two actions progress each top goal; this simple habit creates momentum even without daily tracking.
- •Risk Parity Portfolio Results: Starting with ten thousand dollars in July and withdrawing five percent annually (forty-two dollars monthly), the portfolio grew to eleven thousand two dollars by year-end, demonstrating sustainable withdrawal strategies work.
Notable Moment
Mindy reveals she and Scott weighed the same 190 pounds in November 2024 despite her being five-foot-four and Scott six-foot-one, leading to her successful 30-pound weight loss journey and his intentional 30-pound muscle gain transformation.
Episode Transcript
New Year's means new goals. And today, we are doing ours live. Scott and I are looking back on what we've accomplished this year, and we will walk through our goal setting process for 2026 across personal life, professional growth, and financial targets. Hello. Hello. Hello. And welcome to the Bigger Pockets Money podcast. My name is Mindy Jensen. And with me as always is my loves to set goals cohost, Scott Trent. Thanks, Mindy. Great to be here with my resolute cohost, Mindy Jensen. Like Mindy said, I think setting goals is hugely important. I think that the end of the year is a great time to look at all of this progress and look towards next year. You know, I I'm so into goal setting that I can't help myself. I actually probably spend way too much time setting and revising and and those types of things with goals, on their consistency and sticking with it every single day is definitely my bigger challenge than having clear goals. I love it. I can't get enough of it, and I'm excited to talk about it today. Well, let's jump into it, Scott. Let's recap twenty twenty five. What did you accomplish personally, professionally, and financially? On the personal side, we welcomed our newest family member this year. That was not really a accomplishment of mine, but rather of my wife's. Thank you, Virginia. Great job, on there. Thank you for all the sacrifice that goes into everything around there from the pregnancy to deliver. I mean, it's just it's just crazy, in there. But that's been wonderful to welcome Taylor into the trench household and see her kind of develop and grow. And she finally moved into her sister's room this week, actually, and that's gone pretty smoothly. So that's been really fun. Just watching the family grow. And on the personal front, I'll also say, as CEO, I was definitely completely obsessed with my work. A lot of the things that you find with, like, very, you know, career oriented people and the the challenges that that provides in their life, those were definitely happening to me in a lot of different areas. And I was able to unwind, a lot of those things and and really kind of reset into a much better place where I'm much, much healthier in my personal life, my family life, all those kinds of things. All that has just completely been a one eighty since this time last year when, things are really challenging for me, frankly, in a lot of ways. On a professional front, this has been just one of the most fun years professionally I've ever had. It's so fun to do this show and to actually have the time to kind of think about, hey, what we did talk about on the show. For eight years, we were doing this. I mean, how many times did I show up and I would just arrive, like, after three …
Get the full transcript (8,152 words) + summary by email — free
One-time email with the complete transcript and AI summary of this episode. No account needed.
One email, no spam. We’ll also show you what SignalCast does.
You just read a 3-minute summary of a 33-minute episode.
Get BiggerPockets Money Podcast summarized like this every Monday — plus up to 2 more podcasts, free.
Pick Your Podcasts — FreeKeep Reading
More from BiggerPockets Money Podcast
How She Built a $1 Million Net Worth and Quit Her Job Before 35
Sep 11 · 51 min
Pivot
Tucker Carlson's Rebrand, Apple’s New Era, and SpaceX’s AI Deal
Apr 24
More from BiggerPockets Money Podcast
How to Buy a Franchise: What You Need to Know Before Investing
Sep 8 · 50 min
Hidden Brain
Why You're Smarter Than You Think
Feb 16
More from BiggerPockets Money Podcast
We summarize every new episode. Want them in your inbox?
How She Built a $1 Million Net Worth and Quit Her Job Before 35
How to Buy a Franchise: What You Need to Know Before Investing
How to Buy a Franchise: What You Need to Know Before Investing
Both Own Liquor Stores. One Makes $300K. The Other Makes $2.1M. What Went Wrong?
Both Own Liquor Stores. One Makes $300K. The Other Makes $2.5M. What Went Wrong?
Similar Episodes
Related episodes from other podcasts
Pivot
Apr 24
Tucker Carlson's Rebrand, Apple’s New Era, and SpaceX’s AI Deal
Hidden Brain
Feb 16
Why You're Smarter Than You Think
The School of Greatness
Jan 30
Why I Cried Myself to Sleep Running a Billion-Dollar Brand
The James Altucher Show
Jan 16
Scott Adams: The Advice I Still Think About
Syntax
Jan 7
968: Habits and Changes We Want to Make in 2026
Explore Related Topics
This podcast is featured in Best Finance Podcasts (2026) — ranked and reviewed with AI summaries.
Read this week's Health & Longevity Podcast Insights — cross-podcast analysis updated weekly.
You're clearly into BiggerPockets Money Podcast.
Every Monday, we deliver AI summaries of the latest episodes from BiggerPockets Money Podcast and 192+ other podcasts. Free for one show.
Start My Monday DigestNo credit card · Unsubscribe anytime