024: The New Age of Real Estate Investors with Rachel Richards
04/15/21 • 52 min
Today, I’m speaking with Rachel Richards. Rachel and I have taken similar paths in life; she did very well selling Cutco, then took the leap to write a bestselling book and build a business buying real estate rentals. By the age of 27, she had quit her full-time job and successfully created over $15,000 a month in passive income.
At Money Honey Rachel, she provides resources to help female millennials take control of their financial future. She’s on a mission to empower young adults not just to manage, but to change how they feel about money, once and for all.
In our conversation, Rachel and I talk about how she discovered real estate investing and passive income as a kid, made her financial dreams come true as she became a full-time investor in her twenties, and the work she’s now doing to help people just like her achieve real financial independence.
Key Takeaways
- How Rachel envisioned her path to financial independence, graduated from college debt-free, and used savings from her extremely modest first salary to purchase her first rental.
- Rachel’s unique strategies for finding off-market deals before anyone else.
- The dangers of chasing net worth - and why cash flow is king.
- How Rachel is using her time now to help others learn at scale.
- The power of living truly in alignment with your values.
- How mentors can help you get from Point A to Point B so much faster.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/24
Get the Lifestyle Investor Book!
To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book
Rate & Review
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You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Justin Donald
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today, I’m speaking with Rachel Richards. Rachel and I have taken similar paths in life; she did very well selling Cutco, then took the leap to write a bestselling book and build a business buying real estate rentals. By the age of 27, she had quit her full-time job and successfully created over $15,000 a month in passive income.
At Money Honey Rachel, she provides resources to help female millennials take control of their financial future. She’s on a mission to empower young adults not just to manage, but to change how they feel about money, once and for all.
In our conversation, Rachel and I talk about how she discovered real estate investing and passive income as a kid, made her financial dreams come true as she became a full-time investor in her twenties, and the work she’s now doing to help people just like her achieve real financial independence.
Key Takeaways
- How Rachel envisioned her path to financial independence, graduated from college debt-free, and used savings from her extremely modest first salary to purchase her first rental.
- Rachel’s unique strategies for finding off-market deals before anyone else.
- The dangers of chasing net worth - and why cash flow is king.
- How Rachel is using her time now to help others learn at scale.
- The power of living truly in alignment with your values.
- How mentors can help you get from Point A to Point B so much faster.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/24
Get the Lifestyle Investor Book!
To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book
Rate & Review
If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Justin Donald
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Previous Episode
023: Achieving the Yield of Dreams with Charlie Epstein
Today, I’m talking to Charlie Epstein. Charlie is the Desirement Coach and the author of Paychecks for Life and Save America, Save! He’s coached over 10,000 financial advisors around the country and helped thousands of working Americans create paychecks for life, ensuring they can do all the things they desire to do.
He’s on a mission to make the word retirement disappear. He aspires to change the mindset of working Americans so that they do all of the things they desire to do today - not sometime in the future.
In our conversation, Charlie and I talk about how he caught the entrepreneurial bug as a child, how lifestyle investors can “bend time,” and the unique storytelling tools he’s created to help people achieve their financial goals in the present.
Key Takeaways
- What Charlie learned from his entrepreneur father and opera singer mother.
- What it means to have a sense of divine discontent.
- Why Charlie found jumping into the life insurance business as a 21 year old was so much harder than being a struggling actor in New York City - and how these experiences informed his one-man show, Yield of Dreams.
- The value of doing things to crack the code, rather than just for the paycheck.
- How to understand the vig and the spread in borrowing money.
- Why Charlie disagrees with Dave Ramsey and Suze Orman about paying off all debt in favor of paying off bad debt - and ways to use Other People’s Money and Uncle Sam’s Money to grow your own.
- The coaches and mentors who have helped Charlie achieve his goals in life and in business.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/23
Get the Lifestyle Investor Book!
To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book
Rate & Review
If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button in Apple Podcasts, (or wherever you listen) so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Justin Donald
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Next Episode
025: Phillip Stutts on The 5-Step Formula to De-Risking the Deal
Today, I’m talking with Phillip Stutts. Phillip is recognized as a political and corporate marketing genius, who has over 2 decades of experience working on campaigns with billions of dollars in political ad spend, and contributed to over 1,407 election victories, including 3 U.S. Presidential victories.
Phillip has spoken in front of 40 million+ people in his career and made more than 350 national media appearances. He’s been interviewed by renowned business, entertainment and health leaders including: Anderson Cooper, Gary Vaynerchuk, Peter Diamandis, James Altucher, and Michael Hyatt, just to name a few!
In today’s conversation, you’ll learn how Phillip grew his political marketing agency into an eight-figure business. He also reveals the 5-step marketing formula that’s responsible for electing presidents and building billion-dollar companies. This same formula will help you uncover key market insights, and find high quality, de-risked investment deals!
Key Takeaways
- Why Phillip left Washington, D.C. for Santa Rosa Beach, Florida in 2014 - and why so many New Yorkers, Bostonites, and San Franciscans are doing the same thing right now.
- Why we believe that business, rather than government, is more likely to solve the majority of the world’s problems.
- How Phillip grew his political marketing agency into an eight-figure business - and why the same strategies that get presidents elected can help companies scale.
- Phillip’s five-step strategy for brand building - and why it applies perfectly to finding high quality, de-risked investments.
- Why the world of investments is so ripe for disruption.
- How Phillip differentiated and scaled his businesses.
- The questions you should ask before you make any major investment.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/25
Get the Lifestyle Investor Book!
To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book
Rate & Review
If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Justin Donald
See Privacy Policy at
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