4.9 • 607 Ratings
🗓️ 28 August 2022
⏱️ 47 minutes
🧾️ Download transcript
Episode 169 talks about how to create passive income, featuring Rachel Richards of Money Honey Rachel Inc. Listen now!
At the age of 27, Rachel Richards quit her job and retired. She is now living off $20,000 per month in passive income. Rachel is the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement.” She built a real estate portfolio of 38 rental units by the age of 26.
She is a former financial advisor, and has been featured in CNN and Business Insider. By making the topic of money management fun, entertaining, and simple for her 250,000+ millennial followers, Rachel has helped thousands of millennials work their way out of financial despair.
Download Rachel's Free Passive Income Starter Kit today!
For full episode show notes, visit here.
Loving this episode? Leave us a review if you’re listening on Apple podcasts and be sure to follow us on Instagram, Facebook, Twitter and YouTube!
Until next time, stay empowered, stay inspired and #staypoderosa ✨
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0:00.0 | You don't want to quit your nine to five just to create another nine to five for yourself. |
0:05.2 | So we have to be really intentional about this as we are creating passive income streams or starting a |
0:09.9 | business. You don't want to trap yourself into the same lifestyle that you were trying to escape from |
0:14.3 | in the first place. And then another note on why it's so important to have multiple streams of |
0:18.9 | income is I think at some point we were all taught |
0:21.5 | that having a full-time salaried position equated to job security and income security. At least I |
0:26.6 | taught that. And that's silly in my opinion because what happens if you lose your job or |
0:31.9 | there's a pandemic and your hours get cut, you get laid off, whatever happens, there goes your job security, |
0:38.4 | there goes your income security. But if you have multiple sources of income, to me, that is true |
0:44.8 | financial security. Because if something happens and one of those income streams goes away, |
0:50.1 | you will still have other income streams to keep you afloat. |
0:55.5 | You're listening to Yo Quiero Dinoero, a personal finance podcast for the modern Latina. |
1:01.6 | I'm your host, Janice Torres, award-winning Latina personal finance expert. |
1:06.3 | I didn't always have my financial shit together, but when I started looking for POC-friendly personal finance |
1:11.9 | podcasts, I couldn't find any. And so Yo Quiero Dino was born. On this show, I'll show you how to make |
1:17.5 | Dineiro, how to keep your Dino, and most importantly, how to make it grow. Each week, I'm connecting |
1:23.3 | you with the most brilliant minds in the world of money and business. So you can learn about investing, entrepreneurship, and building wealth. |
1:30.5 | The best part, I'm dishing up all this knowledge with a sassy side of sason. |
1:35.6 | So if you're ready to be Poderosa with your dinero, you've come to the right place. |
1:40.2 | Let's dive in. |
1:43.5 | Before we hop into today's conversation, I want to remind you to follow us on social. |
1:48.4 | If you're loving this podcast and you want more community, you want to find out more about |
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