Episode 23 Money Honey with Rachel Richards

In this episode, John talks with Rachel Richards. At the age of 27, Rachel quit her job and retired, and she now is living off over $15,000 per month in passive income. She's on a mission to empower female millennials to take control of their financial future. Here's a sampling of what this episode offers … [01:30] - If you're 100% dependent on a single source of income, that's not safe. [02:34] - Anyone can build multiple income streams, diversify, and really protect those. [05:39] - How to find a way to those things that aren't helping you in your relationships and minimizing or completely eliminating those things. [09:29] - Why quitting your job (without a plan) and taking a leap of faith is a bad idea. [12:43] - Communication is key! [15:32] - To combine or not combine income (after engagement/marriage), that is the question. [22:23] - Think long term and make time for each other so you can support one another. QUOTES: "The reason I'm not freaking out right now that my rental income is down by $9,000 is because we have all these other income streams keeping us afloat." "Is it going to be easier to free up time or will it be easier to create more money?" "But you really can't approach the relationship that way. You have to be totally selfless, totally into giving to them and adding value to them. And when you approach somebody like that, they know that you're not the scammy salesperson." "We listed out all of the different ways we spent our time, whether it was literally sleeping or eating or meditation or working, or being on social media. And then in columns next to those, we listed our three values, health, family, and freedom." USEFUL RESOURCES https://www.moneyhoneyrachel.com  https://course.moneyhoneyrachel.com/get-your-financial-hit-together  https://www.facebook.com/MoneyHoneyRachel/  https://www.instagram.com/moneyhoneyrachel/  https://tinyurl.com/MoneyHoneyBook  https://tinyurl.com/PIARBook  CONNECT WITH JOHN Website - https://thejohnhulen.com  Instagram - https://www.instagram.com/johnhulen  Facebook - https://www.facebook.com/johnhulen  Twitter - https://www.twitter.com/johnhulen  LinkedIn - https://www.linkedin.com/in/johnhulen  EPISODE CREDITS Intro music provided by Tony Palacios - https://www.instagram.com/tonytonedog/ Outro music provided by Jeff Scheetz - https://jeffscheetz.com/