Welcome back to Don’t Retire... Graduate! Today’s guest has had an amazing journey that led to retiring at age 27. Rachel Richards is the best-selling author of Money Honey and Passive Income, Aggressive Retirement and is here to tell her story and share her tips on how you can create your own passive income streams.
In this episode we’ll talk about:
- How Rachel retired at 27 with $20,000 of monthly passive income
- Self-publishing tips for personal finance writers
- Why Money Honey was written to begin with
- Seeing market dips as a sale on stocks and an opportunity for a good deal
- The misconception of how you lose money in the stock market
- The value of time in growing wealth
- Strategies for creating passive income streams and retiring early
- The steps you take to designing your dream life
- Having a plan for what you want to do with your time in retirement, whether you’re retiring early or at a traditional age
- The importance of writing down your goals
- Recognizing if a financial advisor is a fiduciary or a scammer
Free budgeting worksheet: www.moneyhoneyrachel.com/worksheets
Visit brotmanmedia.com/podcasts for a full transcript of this episode.
About Rachel Richards:
At the age of 27, Rachel Richards quit her job and retired, living off $15,000 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, Rachel has helped thousands of millennials work their way out of financial despair.
Links:
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