Ready to get your financial $hit together?
Hi, I'm Rachel. At the age of 27, I quit my job and retired, and I'm now living off over $15,000 per month in passive income. I am on a mission to empower female millennials to take control of their financial future.
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We are in a financial education crisis.
At no point in our lives are we taught how to manage money...
...and then we're left as young adults trying to figure it all out on our own.
No wonder so many of us feel guilt, shame, embarrassment, and despair when it comes to our finances.
That's why I set out to change the way we feel about money.
In high school and college, my family and friends constantly approached me for financial advice. I began to wonder, "Why don't people learn on their own?"
And then I realized, "Oh yeah... personal finance is boring! It's dull, complex, and totally overwhelming. Thank you, next."
I began to wonder how I could make the topic of money management fun, entertaining, and simple instead...
...and that's when Money Honey was born.
My first bestselling book was an enormous success and has resonated strongly with female millennials. I began getting booked on live TV and on college stages.
I became an even more committed student of wealth creation. I learned all I could about achieving financial independence at a young age. And just a couple years later, I quit my job and retired.
I now bring in over $15,000 per month in passive income.
We now own over almost 40 rental units. In 2019, I published my second bestseller, Passive Income, Aggressive Retirement.
And in 2020, I launched my first online course.
I now work when, where, and IF I want.
I have the freedom and flexibility to follow my passions and travel the world.
And most of all, I teach other young women how to get their financial $hit together and replicate this process for themselves.
I often get asked, "How did you retire at age 27?"
It all started with passive income.
Passive income is money earned with little to no ongoing effort. Don't get me wrong: it's no get-rich-quick scheme. It does take time or money to create.
But once your passive income exceeds your living expenses, you are retired. #Micdrop.
Not only did I publish my first book in 2017, but my husband and I began investing in real estate, which was something we always wanted to do. We bought our first duplex that year, generating $500/month in cash flow.
We had these 2 passive income streams: royalty income and rental income.
We focused on growing those as much as we could.