Investing

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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The 5 Letter Trick to Create a Diversified Stock Portfolio

There is power in creating a diversified stock portfolio. But how exactly do you create diversification? In this episode, Myles Gage deep dives into the how and why behind creating a diversified stock portfolio using his 5 letter trick, FETCH. Myles is the Co-Founder and Chief Marketing Officer of Rapunzl Investments, a mobile app that allows you to simulate a stock portfolio with real-time data. Myles is also an advocate for encouraging young people to invest given his exposure of learning how to invest in elementary school where he won stock trading competitions. He even got to hold Warren Buffet’s wallet. This is a conversation you don’t want to miss.

Links

Rapunzl Investments

Rapunzl Investments on Instagram

Myles on LinkedIn

Episode Sponsors

Right now, my listeners can get a bonus of $25 in crypto after you make your first purchase with BlockFi’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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Transcript

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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

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How to Invest to Make Money Every Day with Jerremy Alexander Newsome

You’re probably thinking, “how can I invest to make money?” Good question. Did you know if you would’ve bought Apple stock in 1995, provided you were alive and spent $3,000 you would have somewhere around 14 million dollars today? So maybe you missed the opportunity with Apple, but what about the future Apples that are out there? How do you find them, what are you looking for, how much should you invest, and how do you make money every day? Those questions and more in today’s episode with Jerremy Alexander Newsome.

Learn how to invest and make money every day in this podcast episode

Today’s Guest

Jerremy Alexander Newsome

Jerremy Alexander Newsome is on a mission to enrich lives with mentally liberating education. Since the age of seven, he has been fascinated with investing and growth. His passion for helping others enrich their lives through investing led him to found Real Life Trading in 2014. This starting point has allowed him to assist and enrich tens of thousands of lives while also growing the company organically to a seven-figure business.

Real Life Trading https://www.reallifetrading.com/?afmc=9e

Real Life Trading Beginner Investing Course https://www.reallifetrading.com/beginner-trading-course-new

My Takeaways

I took Jerremy’s beginner investing FREE course that he talks about in this episode, and I have to tell you it was amazing! I know a lot about investing but what I learned from Jerremy was an easier way to invest and make money every day. He is an amazing teacher and guides you through his system of investing. If you’ve always been a little afraid of day or swing trade, this podcast episode will change your mind!

You’ll Learn

  • How to start to invest to make money every day
  • The difference between day trading and swing trading
  • Jerremy’s tips to finding stocks to invest in
  • Why most people fail at investing
  • What you’ll looking for when you evaluate stocks
  • Jerremy’s story of turning his love of investing into a career

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 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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Transcript

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Learn How to Invest as A Side Hustle & Achieve All Your Money Goals | Teri Ijeoma

“You don’t have to be rich, you just have to have enough to cover your bills.” Powerful words from Teri Ijeoma, the brains behind Trade and Travel. Getting good, and I mean really good, at trading stocks isn’t about being able to afford airplanes and Maserati’s, but it’s about learning a skill that can help you achieve so many money goals like paying off your student debt or just earning some extra cash to buy a house. Teri went from working in education and nonprofits to trading stocks, traveling the world, and teaching others like you and me how to do the same. This episode is all about the life-changing magic of learning how to invest in stocks.

About Teri

Teri Ijeoma began her professional career working in education and non-profits. When she started trading stocks nine years ago, she initially saw it as an opportunity to simply supplement her income. However, she was so successful with this side hustle that in 2017, she decided to quit her job, travel the world, and begin trading full-time. While traveling, Teri was constantly asked to show others how she was successfully trading in the stock market.

She set up and taught her first class in Thailand, her second in Vietnam, and had a fully-fledged curriculum created by the time she returned to the States. Teri now offers an online curriculum that shares her investing strategies with people all over the world. She also partners with organizations and companies to train and empower individuals to achieve financial freedom and build wealth through investing.

Teri received her Bachelor’s degree in Management Science from Massachusetts Institute of Technology (MIT) and her Masters in Media and Communications from Dallas Theological Seminary. She was named 2018 Entrepreneur of the Year by National Black MBA Association and was the Grand Champion of Teachable’s 2019 Creator Challenge. You can reach her on Instagram at @imaninvestor or online at itradeandtravel.com.

What You’ll Learn

  • Why investing is about more than fancy cars and airplanes
  • How your investing practice can help you achieve some big money goals
  • Teri’s story of going from education to owning her own business
  • How to pick a good company (aka, who is hiring)
  • How to avoid some common investing mistakes
  • The average day of a stock investor

Links

More Investing Episodes

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