The 25-year-old won a dramatic quad sculls final in Paris alongside Team GB team-mates Georgie Brayshaw, Lola Anderson and Lauren Henry, coming from behind to edge the Netherlands on the very final stroke.
“The plan is to go for LA but take one day at a time, one step forward at a time,” the Northern Ireland woman exclusively told BBC Sport NI.
“I’m very process driven, so I don’t like to think too far ahead but I’m excited by the prospect.
“I’m in my 20s and I thought I could still do another Games when I’m in my 20s and if I didn’t, I feel like I would regret not doing that.”
Scott has been enjoying time away from the water since winning Olympic gold, receiving a number of accolades including an MBE in the New Year’s Honours List.
The Coleraine rower won European and world titles in the build-up to the Games last summer but admitted that nothing could have prepared her for the enormity of her success in Paris.
“I don’t think I quite understood the immensity of winning an Olympic gold and what it meant,” Scott continued.
“When I was out in Paris, I obviously had my friends and family, and all of my support there, and that was so special to me but then coming back home again, I did not expect the support and reception that I got, and that’s the bit that took me a bit by surprise.
“For all this time, it’s been my dream and my goal and I’ve been working towards it myself with my family around me and my friends.
“Then to feel like the whole of Northern Ireland come up and basically say well done afterwards, it was huge and really special.”
Becoming an Olympic champion does not always bring with it financial rewards, which is one of the many factors Scott had to consider before making this decision.
While Scott benefited from National Lottery funding that allowed her to train with GB Rowing as a full-time athlete in the build-up to Paris, in order to continue she has had to seek out sponsorship with two local companies coming on board to support her.
“When you’re a professional athlete, people think you’ve got the fast cars and you’re driving around with all the jewellery and the money. But for me, no, it’s quite the opposite.
“I think running into Paris, I was basically just making ends meet. I was grateful to be on the National Lottery funding, but that doesn’t go very far in the south of England.
“It was hindering what I wanted to do with my performance when you’re thinking about finances the whole time.
“Now looking towards LA, I definitely have felt the support of Northern Ireland again, and people wanting to reach out and support me with my journey forward and I feel very grateful. I feel like I can make a life out of this for four years.”
