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.Resources:• #STRShareSunday: @archhouse_wa• Passive Income: www.moneyhoneyrachel.com/passiveincome • Website: www.moneyhoneyrachel.com• Instagram: www.instagram.com/moneyhoneyrachel• Money Honey: https://amzn.to/3QhLVyH• Passive Investment, Aggressive Retirement: https://amzn.to/43E2OqhThanks for Visiting is produced by Crate Media.Mentioned in this episode:Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.Minoan | Visit MinoanExperience.com and tell them TFV sent you!Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!HBMM | Sign up today at hostmasterclass.com.Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Rachel Richards, a bestselling author and financial coach, achieved early retirement at 27 through real estate and passive income strategies. In the discussion, she reveals her journey to financial independence, emphasizing the importance of creating sustainable income streams. Rachel highlights common financial mistakes and offers insights on investing wisely, particularly in real estate syndications. She shares practical tips for beginners looking to enter the market and redefines what it means to be truly 'better than rich' by prioritizing wealth in happiness and fulfillment.

Rachel Richards, a financial guru and bestselling author, retired at just 27 thanks to her savvy passive income strategies. She reveals how she built a real estate portfolio yielding $20,000 monthly. Listen as she shares self-publishing tips, explains the true value of time in wealth building, and emphasizes the importance of financial literacy to dodge scams. Rachel also discusses practical steps to design your dream life in retirement and the power of actively managing your financial goals.