279. Make More Money, Honey: Hacking the STR Business Model with Rachel Richards

At the age of 27, Rachel Richards quit her job and retired. She is now living off $20,000 per month in passive income. Rachel is the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement.” She built a real estate portfolio of 38 rental units by the age of 26. She makes the topic of money management fun, entertaining, and simple for her 250,000+ millennial followers.

We talk about the advantages of being an out-of-state landlord, her mental health journey during her busiest years, how she’s reframed failure, and making sacrifices while scaling up. Rachel also shares some incredible investment hacks, like operating a cash-efficient boarding house and leveraging a real estate license to better survey a market’s listings.

Rachel helps women feel excited, capable, and confident about their financial futures. And listeners, just wait because Rachel is vulnerable, honest, and is going to help you just keep going right now, especially if you're going through something tough. This is the episode for you.

Resources:

• #STRShareSunday: @archhouse_wa

• Passive Income: www.moneyhoneyrachel.com/passiveincome

• Website: www.moneyhoneyrachel.com

• Instagram: www.instagram.com/moneyhoneyrachel

• Money Honey: https://amzn.to/3QhLVyH

• Passive Investment, Aggressive Retirement: https://amzn.to/43E2Oqh

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!