Rachel achieved financial independence through real estate investing at a young age.
Rachel emphasizes the importance of personal growth, happiness, and pursuing passions.
Rachel shares investment hacks, like operating a cash-efficient boarding house, and the value of taking action despite fears.
Deep dives
Personal Growth and Financial Independence
Rachel is focused on personal growth and healing post-divorce, aiming to be the best version of herself. She plans to explore hobbies like playing the piano, learning languages, salsa dancing, hiking, traveling, and weightlifting. Rachel emphasizes the importance of finding happiness and reaching her full potential.
Real Estate Investment Journey
Rachel shared her journey in real estate investing, including overcoming challenges and making mistakes like underpricing a medium-term rental. She discussed her successful house hacking strategy with a duplex in Denver, converting one unit to short-term rental and working on a long and medium-term lease.
Lessons Learned and Future Plans
Rachel opened up about her mistakes, including unexpected expenses during renovations, like fixing an AC unit and installing a privacy fence. She emphasized the importance of taking action despite fears and highlighting time as a valuable asset. Looking ahead, Rachel aims to focus on self-improvement, pursue passions, and maximize her financial independence.
Engagement Opportunities with Rachel
Listeners can follow Rachel on Instagram (@MoneyHoneyRachel) for updates on her journey. Her books are available on Amazon in various formats. Rachel generously offers her Passive Income Starter Kit for free download at moneyhoneyrachel.com/passiveincome, providing valuable resources for financial independence seekers.
Interactive Workshop and Membership Benefits
Listeners are encouraged to attend the on-demand workshop by Thanks for Visiting podcast hosts Sarah Carrigan and Annette Grant. The workshop offers opportunities for personalized guidance, insights from industry professionals, and transformative business growth strategies. By joining the membership, attendees gain access to exclusive coaching, community support, and elite resources to elevate their hosting businesses.
Final Thoughts and Networking Opportunities
The podcast hosts, Sarah Carrigan and Annette Grant, wrap up the episode with gratitude for Rachel's vulnerability and expertise. They invite listeners to engage by leaving reviews, subscriptions, and attending the on-demand workshop. Networking opportunities and community support are highlighted as key components of the podcast and membership benefits, fostering growth and success in the hosting industry.
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 makes the topic of money management fun, entertaining, and simple for her 250,000+ millennial followers.
We talk about the advantages of being an out-of-state landlord, her mental health journey during her busiest years, how she’s reframed failure, and making sacrifices while scaling up. Rachel also shares some incredible investment hacks, like operating a cash-efficient boarding house and leveraging a real estate license to better survey a market’s listings.
Rachel helps women feel excited, capable, and confident about their financial futures. And listeners, just wait because Rachel is vulnerable, honest, and is going to help you just keep going right now, especially if you're going through something tough. This is the episode for you.
