EP156 Milli Moves How to Earn Passive Income with Rachel Richards

Have you ever wanted to walk away from your job and never look back? At the age of 27, Rachel Richards quit her job and retired. She is now living off of $15,000 a month in passive income. In this episode, Rachel shares what pushed her to get into real-estate investing and how she did so with a small amount of money.

Listen in as she explains the importance of diversifying your income so you have a steady stream coming in from multiple sources. If you want to achieve financial independence and income security, this is the episode for you.

I use the words ‘retired’ and ‘financially independent’ interchangeably. So it‘s not that I am not working, you know. I still have a purpose, I still have things I am passionate about. Right now it’s just about working when, where, and if want.” – Rachel Richards

This Week on Young Money:

  • Why it is okay to say “no” sometimes.
  • The importance of reading.
  • How to get into real-estate with a small amount of money.
  • Tips for diversifying your income.

Key takeaways:

  1. Choose projects that are important to you. 
  2. Mental health comes first.
  3. Invest at a young age.
  4. Lower your interest rate.

Connect with Rachel Richards:

Resources Mentioned:

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  1. Anonymous

    I saw this over on LinkedIn and was so excited to come and listen. Great information especially in this pandemic.
    Loved it!

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