Since yesterday was the 4th of July, we’re talking about financial independence with someone who has achieved it at the young age of 27. Rachel Richards is a former financial advisor, a real estate investor with almost 40 rental units, and the bestselling author of “Money Honey.” She has also written “Passive Income, Aggressive Retirement” which we’re covering today as we discuss the lessons Rachel has learned on her way to financial independence. Rachel quit her 9-5 job and now lives off over $15,000 a month in passive income and she spends her time doing whatever she feels like- whether that’s traveling the world with her husband or hiking the Rockies with her dog. Learn how setting up streams of passive income to achieve financial independence is more attainable than you think!
Rachel mentioned that folks can check out “The Millionaire Fastlane” if you want to transform how you think about entrepreneurship. And be sure to head over to her site where you can get a free copy of her Passive Income Starter Kit that’ll get you thinking about passive income differently. You can also keep up with Rachel’s cross country adventure over on Instagram!
- Extra cash – And regardless of where you are on the path to financial independence, we believe in the responsible use of credit cards. It’s smart to utilize the additional benefits that credit cards offer- for instance the 60,000 points that come with the Chase Sapphire Preferred Card. That’s $750 when you redeem through Chase Ultimate Rewards! This is no joke- I’ve already done this myself which we discussed on a recent episode after I met the initial spending requirements of $4,000 over 3 months!
During this episode we enjoyed a M-43 Tart Strawberry by Old Nation Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
Best friends out!
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