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

Yes, it is possible to invest in real estate and earn passive income on any income. 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 generating passive income and essentially retiring 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 Sponsors

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

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.

Start your 100-day trial and shop the entire Away lineup of travel essentials, including their best-selling suitcases at http://www.away.com/mymoney.

Join the fastest growing venture capital investment community and invest in IntellAct at http://www.ourcrowd.com/mymoney .

I want you to start living a happier life today. As a listener, you’ll get 10% off your first month by visiting our sponsor at http://www.betterhelp.com/mymoney.

FOLLOW & SHARE

Love this episode? Share it with a few friends so they can learn these valuable money concepts as well.

Be sure to FOLLOW and SUBSCRIBE to never miss an episode bit.ly/millennial-money

Sign up for my weekly Let’s Talk Money email newsletter https://bit.ly/letstalkmoneyemail

Shannah Shares: Community Q&A

Have a Shannah Shares question, submit it here https://www.mmoneypodcast.com

Follow Me Here for More Money Tips

Shannah on Twitter https://twitter.com/shannahgame

Shannah on Instagram https://www.instagram.com/shannahgame/

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.