Budgeting

The Secret Strategy to Invest in Real Estate and Earn Passive Income with Rachel Richards

 

Yes, it is possible to invest in real estate and earn passive income on any income. What you need is a strategy to find the best properties to maximize your passive income potential. Rachel Richards is sharing what you need to know to successfully invest in real estate in this exciting episode.

Meet Rachel Richards

If you’re active on social media, you may have heard of Rachel Richards and her brand Money Honey. Rachel has been on the show in the past, however, in this episode she’s sharing her story about getting started in real estate investing. The truth is Rachel isn’t a trust fund baby and actually never made six figures in a job. She found creative ways to save money and was saving half of her salary to ramp up to her first investment all with less than 20% down. Rachel is a great example of bringing intentionality to your money so you can achieve a money goal. In her 20’s she decided rental real estate was her means to generate passive income and essentially retired in less than 2 years.

In her story, I hope you find a bit of yourself and motivation that you can create your own version of Rachel’s passive income success. In this episode, we talk about what it means to have financial freedom, how to think about passive income, how to get into real estate investing, how much money you need, how to spot a good deal, and so much more.

Links

Passive Income Starter Kit

F.I.R.E. Mastermind

Money Honey website

Rich Dad Poor Dad

Money Honey by Rachel Richards

Passive Income Aggressive Retirement by Rachel Richards

Episode Transcript

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A big thank you to all our sponsors that make this podcast possible!

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The Secret Strategy to Create a Winning Money Game Plan

What would it look like to create a winning money game plan? It would mean you have your money working for you in all the ways. You are saving, investing, growing, and managing your money towards your goals.

In this episode, Hillary Seiler is going to show you how to do just that. Hillary is the definition of a serious BOSS! She is a Certified Financial Educator (CFEd®) and coach for seven NFL teams, who teaches people how to win with their money. She is also the founder of Financial Footwork, a financial education platform that coaches people through overcoming the stress and failures that stem from limited to no financial education.

Links

If you liked this episode:

Take a listen to – Finding My Calling From Sports to Finance

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Posted in Budgeting, Podcast, Saving | Comments Off on The Secret Strategy to Create a Winning Money Game Plan

The Best Money Advice You Should Know From 100 People

I asked over 100 people what their best money advice is that everyone should know about. You’d be shocked to learn that many people shared the exact same tips. Proof that how everyone thinks about money isn’t so different after all. In this solo episode, I’m sharing the top 15 tips that were the most common tips including money hacking tips, mindset tips, and wealth-building tips.

If you loved this episode:

Check out 13 Money Secrets No One Teaches You But You Should Know.

Episode Sponsors

Right now, my listeners can get a bonus of $25 in crypto after you make your first purchase withBlockFi’s Bitcoin Rewards Credit Card when you sign up at blockfi.com/MYMONEY.

Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to http://www.policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

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The Money Secrets to a Happier, Healthier Life with Bolun Li

In this episode, we’re talking about the power of learning money fundamentals. After all, money fundamentals truly are the secrets to a happier and healthier life. Why do you ask? Learning the fundamentals, the why, and the how-to’s behind money gives you confidence. As our guest Bolun Li says, the confidence to ask for help, explore the financial world and ultimately make better choices.

Podcast episode about creating a healthier and happier life with Bolun Li

Meet Bolun

Bolun is the Gen Z founder & CEO of Zogo, which he founded in his freshman year at Duke University. Backed by scientific research, Zogo’s award-winning app offers bite-size modules and tangible incentives to make financial literacy education accessible, fun, and rewarding. In this episode, we talk about what money fundamentals you need to know, why financial literacy is critical to your success, and how to reframe the role money has in your life so you can be happier and healthier.

You can find Bolun Li at  Zogo| on Instagram| Blog

If you loved this episode:

Check out a favorite past episode The Secrets to Live a More Profitable Life

Thanks to our episode sponsors:

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Episode Transcript

Posted in Budgeting, Life, Podcast | Comments Off on The Money Secrets to a Happier, Healthier Life with Bolun Li

Insider Secrets to Buying Your First Home and Avoiding the Rookie Mistakes | Scott Trench & Mindy Jensen

Buying your first house is no joke – from the downpayment to the mortgage, to finding the right house, to the paperwork and more, it can be quite a process. So how do you buy your first house with ease and avoid some rookie, aka costly, mistakes? 

buying your first home

Scott Trench and Mindy Jensen, co-hosts of the BiggerPockets Money Podcast and authors of the new book, First Time Homebuyer, are our guests on this episode to share how to buy your first home, why your purchase really isn’t an investment, the importance of an exit strategy, and why you shouldn’t think about buying a house without a reserve fund. So press pause on HGTV, and tune in for this how-to-buy a home episode.

What You’ll Learn

  • Your first-time home buyer checklist
  • Why your home purchase really isn’t an investment
  • The importance of an exit strategy
  • How to find your payback period
  • Is this a good time to buy your first house
  • How to think like an investor when you buy a home
  • Why you need a strong reserve fund

Links

Meet Scott and Mindy

Scott Trench is CEO of BiggerPockets, co-host of the BiggerPockets Money Podcast, a real estate investor and broker, and a bestselling author of Set for Life. Through a solid understanding of money management, calculated risks, and a lot of hard work, he created financial freedom for himself as well as a successful real estate business just three years after graduating college. Scott currently lives in Denver, Colorado, and enjoys skiing, rugby, craft beers, and terrible punny jokes.

Mindy Jensen has been buying and selling homes for more than twenty years. Currently, she’s working on her ninth live-in flip—she buys ugly houses, moves in, makes them beautiful, sells them, and starts the process all over again. She is a licensed real estate agent in Colorado, co-host of the BiggerPockets Money Podcast, author of How to Sell Your Home, and the Community Manager for BiggerPockets.com. When you can get her to stop talking about real estate, you can find her on her bike or adventuring in the beautiful mountains of Colorado.

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Posted in Budgeting, Life, Podcast | Comments Off on Insider Secrets to Buying Your First Home and Avoiding the Rookie Mistakes | Scott Trench & Mindy Jensen

The Power of Creating Cash Flow | Chris Miles

Let me tell you a secret. The most important foundational principle you need to know about money is the power of cash flow. Yes, it’s really all about the money flow. Stay tuned to hear the seven secrets to free up cash, why you need passive income and how to get your cash flowing with our guest Chris Miles.

Cash Flow isn’t something that is taught often when it comes to personal finance, but honestly, just think of where you’d be if you didn’t have cash flow. It’s how you pay for things…and as you go through life, it’s really all about cash flow. How much is coming in and how much is going out is the name of the game. Thankfully, Chris, the Cash Flow Expert, and Anti-Financial Advisor is here to help you master the cash flow game.

How cash flow can change your financial situation

Chris Miles is a leading authority teaching entrepreneurs and professionals how to get their money working for them TODAY! He’s an author, podcast host of the Chris Miles Money Show, has been featured in US News, CNN Money, Entrepreneur on Fire, and has a proven reputation with his company, Money Ripples, getting his clients fast, financial results. In fact, his personal clients have increased their cash flow by over $250 Million in the last 11 years!

Links

Money Ripples https://moneyripples.com

The Chris Miles Money Show https://www.blogtalkradio.com/moneyripples

Chris on Facebook http://www.facebook.com/moneyripples

How to Build Passive Income with Rachel Richards https://bit.ly/3fKoJVU

Episode Sponsors

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Smart Money: How to Make the Most Out of Your Money This Summer

This summer is going to be epic! In between trips to see friends you haven’t seen in over a year, lazy days by the pool, and countless scoops of ice cream on a hot day, take a listen to my list of smart money steps to take this July through September to get your money shaped up for fall.

smart money moves

From my viewpoint, this summer is going to be unlike any other summer. Maybe you’re traveling, or going to concerts, or eating out again…whatever it is, this summer is likely going to cost more money than last summer. That means it’s time to figure out how to make the most out of your money this summer so you can enjoy it like a rockstar.

What You’ll Learn

  • Why this summer might cost you more money and what to do about it
  • How to give your money a summer cleanup
  • Why you need to create summer money goals
  • Easy ways to create a money system you can follow
  • My 5 steps to financial freedom

Links

How to Invest and Make Money Every Day with Jerremy Newsome https://bit.ly/3wdJkrW

Learn How to Invest as a Side Hustle with Teri Ijeoma https://bit.ly/3xloAQj

Episode Sponsors

Meet the eco-friendly, FREE online shopping service called Olive. When you shop with Olive, you’ll get consolidated, cardboard-free deliveries from over 100 of your favorite fashion sites. And you can return any items you don’t want without ever leaving your home! Check it out at http://www.shopolive.com and enjoy!

Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to http://www.policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

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How to Be Financially Empowered | John Hope Bryant

“There’s a difference between simply making money and building wealth. The former is what you do while you’re awake to generate cash flow. The latter is made in your sleep.” In this episode, John Hope Bryant, entrepreneur, philanthropist, author, and thought leader shares how to be financially empowered, how to build financial inclusion, the power of financial literacy, the #1 money lesson you need to know, and how you build wealth starting with this.

Meet John

Referred to as the Conscious of Capitalism by Ed Bastian, CEO of Delta Air Lines, and James Herbert, Chairman and CEO of First Republic Bank, John Hope Bryant is an American entrepreneur, author, philanthropist, and prominent thought leader on financial inclusion, economic empowerment, and financial dignity. He is named as Atlanta Business Chronicle’s “The Power 100: Most Influential Atlantans in 2020”, and American Banker magazine’s 2016 “Innovator of the Year”, and one of Time magazine’s “50 Leaders for the Future”.

Mr. Bryant is the Founder, Chairman, and CEO of Operation HOPE, Inc. the largest non-profit, best-in-class provider of financial literacy, and economic empowerment services in the United States for youth and adults. He is also the Chairman and CEO of Bryant Group Ventures and Founder and Principal of The Promise Homes Company, which is the largest minority-controlled owner of single-family rental homes in the United States. Five former U.S. presidents have recognized his work, and he has served as an advisor to three sitting U.S. presidents from both political parties.

He is responsible for financial literacy becoming the policy of the U.S. federal government. He has received hundreds of awards and citations for his work, including Oprah Winfrey’s Use Your Life Award, and the John Sherman Award for Excellence in Financial Education from the U.S. Treasury. He is the author of bestselling books Up From Nothing, The Memo, How the Poor Can Save Capitalism, and Love Leadership.

What You’ll Learn

  • Why is financial literacy a new civil rights issue
  • Ways to become financially empowered
  • How to develop true wealth and why it matters
  • How to escape the feeling like there will never be enough money
  • John’s journey into financial literacy
  • John’s #1 financial lesson that you need to learn

Links

Episode Sponsors

Big thanks to our sponsors who make this podcast possible!

Meet the eco-friendly, FREE online shopping service called Olive. When you shop with Olive, you’ll get consolidated, cardboard-free deliveries from over 100 of your favorite fashion sites. And you can return any items you don’t want without ever leaving your home! Check it out at http://www.shopolive.com and enjoy!

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How to Create a Money Minimalism System That Works For You | Mallory Rowan

Imagine a life where every money decision you make is very intentional. Everything you buy has a purpose and a reason. You invest with purpose, you save with purpose. If this feels a million miles away, this episode is for you. Guest Mallory Rowan will indoctrinate you in what it means to embrace money minimalism and bring intention into every money decision you make.

Mallory is a  business coach who has grown a multi-six-figure business, one that almost killed her. It was then when she realized that money minimalism was going to be the way she could get her life and money back on track. In this episode, Mallory’s sharing how to create a money minimalism system that actually works for YOU. One that will help you love saving your money and make it work flawlessly.

Money minimalism system

What You’ll Learn

  • What is money minimalism
  • How to create an easy to manage money system
  • Ways to motivate yourself to save money
  • What role do goals play in your money success
  • Mallory’s story of business success and burnout

Meet Mallory

Mallory Rowan is a no-fluff, anti-hustle business coach who focuses on helping you build a brand that aligns with your life brings you the income you desire and creates a sustainable approach from day one. Six years ago, Mallory co-founded LVD Fitness, a lifestyle brand for athletes wanting to make an impact. She grew it to a global, multi-six-figure business and it almost killed her. Today, she helps entrepreneurs build without burning out. She helps people zero in on how to grow their brand in a way that works, and feels really good. She has been featured as a Shopify Master, a lululemon ambassador, and one of United Way’s “People to Know”.

Episode Links

Mallory’s website https://www.malloryrowan.com/

Mallory’s Instagram http://instagram.com/malloryrowan

Mallory on TikTok https://www.tiktok.com/malloryrowan

EPISODE SPONSORS

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How to Think Like a Breadwinner and Transform Your Money| Jennifer Barrett

Are the choices you’re making with your money bringing you closer to the future you want or further away? We’ll uncover how to think like a breadwinner and transform your money in this episode with author, journalist, and financial expert, Jennifer Barrett.

Jennifer Barrett is the Chief Education Officer at Acorns, a saving and investing app with more than 9 million users. She’s also the author of the upcoming book “Think Like a Breadwinner,” a wealth-building manifesto for women. A contributor to Forbes, she’s also written about money for publications like The New York Times, The Wall Street Journal, The Washington Post, and Newsweek. Jennifer’s co-authored two other personal finance books and is often featured as a money expert in the media. She also advises three female-led startups and provides leadership coaching to female founders. A proud breadwinner herself, she lives in Brooklyn with her husband and two sons.

What You’ll Learn

  • What does it mean to be a breadwinner
  • How to develop a breadwinner mindset – and why it matters
  • How to create a healthy relationship with your partner if you’re a breadwinner
  • Money steps to think like a breadwinner
  • Jennifer’s breadwinner story

Links

Related Episodes

Episode Sponsors

Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to Policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

Find out how Upstart can help you lower your monthly payments and pay off your today when you go to upstart.com/mymoney. 

Give your mom the most meaningful gift this Mother’s Day with StoryWorth. Get started right away with no shipping required by going to StoryWorth.com/mymoney. You’ll get $10 off your first purchase!

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Posted in Budgeting, Career, Life, Podcast | Comments Off on How to Think Like a Breadwinner and Transform Your Money| Jennifer Barrett

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