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.
Passive Income Starter Kit
Money Honey website
Rich Dad Poor Dad
Money Honey by Rachel Richards
Passive Income Aggressive Retirement by Rachel Richards
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Shannah Compton Game is a Money Wellness expert, host of the top-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 20 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.