The Lifestyle Investor - Investing, Passive Income, Wealth 024: The New Age of Real Estate Investors with Rachel Richards
Today, I’m speaking with Rachel Richards. Rachel and I have taken similar paths in life; she did very well selling Cutco, then took the leap to write a bestselling book and build a business buying real estate rentals. By the age of 27, she had quit her full-time job and successfully created over $15,000 a month in passive income.
At Money Honey Rachel, she provides resources to help female millennials take control of their financial future. She’s on a mission to empower young adults not just to manage, but to change how they feel about money, once and for all.
In our conversation, Rachel and I talk about how she discovered real estate investing and passive income as a kid, made her financial dreams come true as she became a full-time investor in her twenties, and the work she’s now doing to help people just like her achieve real financial independence.
Key Takeaways
- How Rachel envisioned her path to financial independence, graduated from college debt-free, and used savings from her extremely modest first salary to purchase her first rental.
- Rachel’s unique strategies for finding off-market deals before anyone else.
- The dangers of chasing net worth - and why cash flow is king.
- How Rachel is using her time now to help others learn at scale.
- The power of living truly in alignment with your values.
- How mentors can help you get from Point A to Point B so much faster.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/24
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To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book
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