Early Retirement at 30 with $20K/Month in Passive Income

Can you really reach retirement at 30? Early retirement is something people in their forties and fifties do, right? It would seem almost impossible for someone to retire in their mid/late twenties or early thirties without a large inheritance or winning the lottery. Today you’ll meet the woman who did the impossible—Rachel “Money Honey” Richards. Her voice may sound familiar as not so long ago Rachel was a guest on The "BiggerPockets Real Estate Podcast” where she talked about retiring in just two years thanks to “aggressive” real estate investing.

This time, Rachel talks about the more “passive” income streams she built over her twenties, allowing her and her husband to travel the world while making an enviable income, much of which requires little to no effort from Rachel. It’s not surprising that Rachel came from a finance-first background, working as a financial advisor immediately after college. She’s had multiple jobs in a variety of industries but knew running her own ship was where she was meant to be.

Fast forward a few years and Rachel has a strong real estate portfolio, bestselling financial literacy books, an exclusive mastermind and coaching program, as well as courses to help women feel empowered by finances, not afraid. Rachel is the embodiment of putting your future self first, and you’ll probably do the same after hearing about how she got here.

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Join the BiggerPockets Money Facebook Group:
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Past Episodes Mentioned on The Show:
Rachel on The BiggerPockets Real Estate Podcast: https://www.biggerpockets.com/blog/biggerpockets-podcast-454-rachel-richards?utm_source=youtube&utm_medium=description&utm_campaign=none
J Scott: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-219-j-scott?utm_source=youtube&utm_medium=description&utm_campaign=none
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Books Mentioned on Today’s Show:
Set For Life: https://store.biggerpockets.com/products/set-for-life?utm_source=youtube&utm_medium=description&utm_campaign=none
First Time Home Buyer: https://store.biggerpockets.com/products/first-time-home-buyer?utm_source=youtube&utm_medium=description&utm_campaign=none
Money Honey: https://www.amazon.com/Money-Honey-Getting-Financial-Together-ebook/dp/B075HGM2WG/
Passive Income, Aggressive Retirement: https://www.amazon.com/Passive-Income-Aggressive-Retirement-Independence-ebook/dp/B081DH1V97/ref=sr_1_1
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Should I Get My Real Estate License? An Examination of Benefits & Costs:
https://www.biggerpockets.com/blog/2014-12-03-real-estate-license-benefits-costs-investors?utm_source=youtube&utm_medium=description&utm_campaign=none
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Grab Your Free Passive Income Starter Kit:
https://www.moneyhoneyrachel.com/passiveincome
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none
Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 317

Show notes at: https://www.biggerpockets.com/blog/money-317?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
02:27 The 21-Year Old Financial Advisor
10:49 Diving into Real Estate
16:41 Building a Passive Income Portfolio
19:46 Should Investors Get Their Real Estate License?
26:04 The $8K/Month Book Publishing Income Stream
41:26 Launching Her Businesses for BIG Profits
45:37 Retired Early at 30
48:15 Famous Four

#biggerpockets #biggerpocketsmoneypodcast #ep317


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