{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F2e871876-4cdd-445f-a62e-afa7c8a988e9","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"Multiple Streams of Passive Income","description":"Rachel Richards left the 9-5 working world at the ripe old age of 27. How? By leveraging her understanding of finances and passive income.\n\nShe wrote her first book, Money Honey, in 2017 and it was a huge success. Suddenly people had a book about finances that wasn't mind-numbingly boring and dry as dust! \u00a0At the same time, she and her husband began investing in the real estate market, purchasing their first duplex. The resulting rental income, along with royalties from her book, provided them with an income allowing Rachel to quit her job and retire, the bottom line being that once your passive income exceeds your expenses, you no longer need to earn more money to live on.\n\nCheck out Money Honey here [https://amzn.to/3gBEJtq]\n\nOf course, that doesn't mean Rachel has stopped working! She is a dynamo, always looking for the next project. Her second book, Passive Income, Aggressive Retirement, is also a bestseller and they now own more than 40 rental properties.\n\nCheck out Passive Income, Aggressive Retirement here [https://amzn.to/376RsB3]\n\nRachel gives some recommendations for getting ready to retire:\n\n 1. Pay off all high interest debts\n 2. Ensure you have an emergency fund of at least 3-6 months' worth of living expenses\n 3. Invest money where it will grow\n\n\nWhen all these steps are in place, THEN it's time to start looking at passive income.\n\nTimestamp 17:06 - Find your passion - Rachel offers some questions to help you sort this out.\n\nYou can find out more about Rachel through any of the following links:\n\nWebsite:\u00a0https://www.moneyhoneyrachel.com [https://www.moneyhoneyrachel.com/]\nIG:\u00a0https://www.instagram.com/moneyhoneyrachel/\nFacebook:\u00a0https://www.facebook.com/MoneyHoneyRachel/ \u00a0\n\nAnd if you go to her website you can get her bonus Passive Income Starter Kit [https://www.moneyhoneyrachel.com/bonus]","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/97d47cc4-e1f0-43c1-826c-a75a1968e482/3ee0adf8-8e57-4e79-9c44-01c9063b6674.jpg"}