Money Honey Rachel Richards – Retire Early With Passive Income

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 16 October 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Money Honey Rachel Richards retired at age 27 with a $15,000 per month passive income stream. Do you feel lazy yet? I know I do after hearing that.

Find out how she did it and how you can too. Don't worry if you are 28, 35, or 60 years old, the principals she talks about are just as applicable at age 60 as they are at 25. Learn the secrets to her success on this week's show.

For more information, visit the show notes at https://moneytreepodcast.com/money-honey-rachel-richards-passive-income

^{Today's Panelists:}

^{Kirk Chisholm | Innovative Wealth}
^{Barbara Friedberg | Barbara Friedberg Personal Finance}
^{Megan Gorman | The Wealth Intersection}

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.0	Hello, Smart Money Tree Podcast listeners.
0:13.5	Welcome to this week's show.
0:14.9	My name is Kirk Chisholm and I will be your host.
0:18.1	Today we are talking with Rachel Richards.
0:21.6	How you doing today, Rachel?
0:26.5	Hey, Kirk. I'm great. How are you? Doing well. So today we're going to be talking about multiple different things, but I'm glad we had a chance to get you on. Rachel is one of our
0:31.1	younger guests, but she's had a lot of success in her life, and I really wanted to share that
0:36.6	with our listeners here. Rachel, can you tell
0:38.3	us a little bit about your background? So I am a lot of things. I'm a bestselling author of two
0:44.0	books on finance. I'm a real estate investor and I have almost 40 rental units. I'm a former
0:51.2	financial advisor. But what people find most interesting about me is that last year at the age of 27, I quit my job and retired.
0:59.8	And I'm now living off over $15,000 per month in passive income.
1:04.8	How are you able to do all that?
1:07.2	Do you have like a twin or you're making me feel lazy?
1:10.8	Can you talk about some of the reasons you've been able to get your success? Do you have like a twin or you're making me feel lazy?
1:16.7	So can you talk about some of the reasons you've been able to get your success at such a large degree?
1:20.7	Yeah, I often wish I could clone myself, but we're not there yet.
1:23.9	But, you know, I do have my husband to help.
1:25.0	You know, he's my business partner.
1:27.3	So he's been there with me along the way.
	...

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