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317: Early Retirement by 30 with $20K/Month in (Actually) Passive Income

317: Early Retirement by 30 with $20K/Month in (Actually) Passive Income

FromBiggerPockets Money Podcast


317: Early Retirement by 30 with $20K/Month in (Actually) Passive Income

FromBiggerPockets Money Podcast

ratings:
Length:
65 minutes
Released:
Jul 11, 2022
Format:
Podcast episode

Description

Early retirement is something people in their forties and fifties do, right? It would seem almost impossible for someone to retire in their mid/late twenties or early thirties without a large inheritance or winning the lottery. Today you’ll meet the woman who did the impossible—Rachel “Money Honey” Richards. Her voice may sound familiar as not so long ago Rachel was a guest on The BiggerPockets Real Estate Podcast where she talked about retiring in just two years thanks to “aggressive” real estate investing.This time, Rachel talks about the more “passive” income streams she built over her twenties, allowing her and her husband to travel the world while making an enviable income, much of which requires little to no effort from Rachel. It’s not surprising that Rachel came from a finance-first background, working as a financial advisor immediately after college. She’s had multiple jobs in a variety of industries but knew running her own ship was where she was meant to be.Fast forward a few years and Rachel has a strong real estate portfolio, bestselling financial literacy books, an exclusive mastermind and coaching program, as well as courses to help women feel empowered by finances, not afraid. Rachel is the embodiment of putting your future self first, and you’ll probably do the same after hearing about how she got here.In This Episode We CoverUsing your age as a benefit and how to get around clients/customers judging you by your youthWhere to find the most cash-flowing real estate deals that no one else knows aboutLiving frugally as you make more money and resisting lifestyle creep at all costsThe multitude of passive income streams almost anyone can createSelling your rental properties in 2022 and why the “passive” landlord dream isn’t all it’s cracked up to beImposter syndrome and why self-doubt could be costing you tens of thousandsAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and BudgetRetiring in 2 years Through “Aggressive” Rental Property Investing with Rachel RichardsMoneyHoney WebsiteDownload Rachel's "Passive Income Starter Kit"Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 11, 2022
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.