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We all go through challenging life experiences, be it the loss of a loved one, a serious illness, or painful divorce.

And the last thing we need in those circumstances is to worry about money.

But what is the best way to build the kind of passive income you need to make it through tough times without stressing about finances?

Rachel Richards is the creator of Money Honey, a financial education platform that helps young women manage their money effectively and achieve financial freedom.

Rachel achieved her own financial independence at the age of 27 with a portfolio of 38 rental units, and she is the bestselling author of Money Honey and Passive Income, Aggressive Retirement.

On this episode of Financial Freedom with Real Estate Investing, Rachel explains how she and her then-husband leveraged real estate to reach a passive income goal of $10,000 a month in just three years.

Rachel shares her definition of financial independence and describes how it gave her the opportunity to escape to Italy and heal from a painful divorce.

Listen in for Rachel’s insight on rebuilding after a challenging life experience and learn how real estate can give you the financial independence to pursue what you love!

Key Takeaways

What inspired Rachel to create the Money Honey platform

How Rachel got into real estate investing

Why Rachel and her then-husband set a goal of $10K in passive income

What financial independence means to Rachel

Rachel’s lifestyle since she achieved financial independence

How Rachel benefitted from financial independence in divorce

How Rachel thinks about selling all but 2 properties in her divorce

Why Rachel recommends learning all aspects of real estate

What’s next for Rachel and the Money Honey platform

Rachel’s desire to make an impact on others

Connect with Rachel Richards

Money Honey Rachel

Rachel on Instagram

Rachel’s Free Passive Income Starter Kit

Connect with Michael Blank

Michael on Facebook

Michael on Instagram

Michael on YouTube

Michael on TikTok

Apartment Investor Network Facebook Group

Email [email protected]


Explore Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Access Michael’s Free Resources in the Freedom Vault

Review the Podcast on Apple Podcasts

Financial Freedom with Real Estate Investing by Michael Blank

Podcast Show Notes

Money Honey: A Simple 7-Step Guide for Getting Your Financial $hit Together by Rachel Richards

Passive Income, Aggressive Retirement: The Secret to Freedom, Flexibility and Financial Independence (& How to Get Started!) by Rachel Richards

Published: The Proven Path from Blank Page to 10,000 Copies Sold by Chandler Bolt

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