©2019 by Rachel Richards

Bestselling author Rachel Richards quit her job and retired at age 27 with over $10,000 per month in passive income! Passive income is real and attainable for everyone, no matter your age or income.
 Passive Income, Aggressive Retirement has over 100 five-star reviews!

Two million dollars. That's how much money millennials will need to save by age 65 in order to retire.

 

Not only have we accepted the not-so-fun ratio of two leisure days for every five work days, and not only have we already bought into the idea of working from 8am-5pm for the next forty years, but we’ll also have to live on Ramen and penny pinch until we’re 60. Because how else are we going to save a cool $2 mil? I don’t know about you, but I feel defeated already. 

 

News flash: there’s a way out of the rat race. Allow me to introduce you to the concept of passive income, which is income that is earned without working. You have likely seen this type of income in everyday life. For example, if you bought a Harry Potter book lately, you generated income for JK Rowling, who wrote the book 20 years ago. If you’ve ever rented an apartment, you’ve generated income for the landlord. If you’ve ever bought a candy bar from a vending machine (guilty, every day) you’ve generated income for the owner of that machine.

 

These are all examples of passive income. These income streams require little to no work to maintain. $500 or $1,000 per month in passive income is exciting, right? $5,000 per month in passive income is freeing.

Once your passive income exceeds your living expenses, you are retired. #MicDrop.