EP 5: How Rachel Retired at 27 Years Old and Earns $15k Passively Every Month

Retiring at the age of 27 and making $15,000 of passive income sounds like a dream to most of us, and it’s an achievement today’s guest, Rachel Richards, does not take for granted. As a former financial advisor, real estate investor, and author, Rachel has helped thousands of millennials work their way out of financial despair by making the topic of money fun, entertaining, and simple. While it’s natural to envy someone in a position like this, Rachel does not sugarcoat what it took to get there. Being a highly ambitious and driven person, she would simply move from one goal to the next without slowing down, looking around her, and, soaking up the scenes. In this episode, Rachel shares more about her struggles with anxiety and depression. We discover the accessible strategies she used to get herself out of this difficult headspace, like gratitude journaling, lowering her expectations, and going to therapy. From this dark place, she clawed her way out of, Rachel realized the importance of giving from a full cup and has learned to prioritize herself and make space for her needs. After delving into this inspiring story, we then move onto the second part of the show, where Chris and Rachel do a live coaching session. Rachel works through some doubts around a potential product offering and the seemingly high price point that it comes with. Bravely, Rachel vocalizes some of her fears and uncertainties, and we hear an audible shift in her energy over the course of the session. This was a great show for so many reasons, so be sure to tune in today!Key Points From This Episode:Rapid-fire questions with Rachel: Where she’s from, where she lives, and a quote that’s meaningful to her.The importance of getting started and how Rachel moves past her perfectionism.Rachel’s journey with fiction writing and what she’s learning from this creative process.Hear about Rachel’s background and her passion for helping others with finances. How fear of financial insecurity drove Rachel to relentlessly pursue financial freedom.Links Mentioned in Today’s Episode:Money Honey RachelRachel Richards TwitterPassive Income, Aggressive RetirementMoney HoneyZig ZiglarDavid OsbornThe Motley Fool Investment Guide for TeensRichard BransonSimon SinekStart With WhyHow Great Leaders Inspire Action TED TalkThe Miracle MorningHal ElrodThe Enneagram InstituteHonoree CorderThe Prosperous CoachTony RobbinsGoodman CoachingChris Goodman on LinkedInChris Goodman on InstagramGet to know Chris - Connect on InstagramCoach with ChrisLearn more about Goodman Coaching