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Passive Income, Aggressive Retirement: The Secret to Freedom, Flexibility, and Financial Independence
Two million dollars.
That's how much money anyone under age 40 will need to accumulate to retire. That often means working 40-hour-weeks and penny-pinching your whole life. How else could you save a cool $2 mil?
Finance guru, former financial advisor, and Amazon bestselling author of Money Honey, Rachel Richards has one goal in mind: teaching you everything you need to know to become financially free earlier than you ever thought possible. At age 27, Rachel quit her job and retired, living off $10,000+ per month in passive income streams. Let her show you how to do it at any age—it's never too late.
What is passive income? Passive income is earned with little to no ongoing work. It's no get-rich-quick scheme, but once your passive income exceeds your expenses, you are set for life.
In a refreshingly realistic how-to guide, Rachel serves up 28 tried and true passive income stream models, helping you to: Achieve "Financial Independence, Retire Early" without penny-pinching Create consistent, long-term residual income (the non-multi-level-marketing way), so you can live life on your terms Have the flexibility to work when, where, and if you want Say "goodbye" to your 9-5, and create a life you totally love Eliminate your money stresses and fearsRachel supplements boatloads of research and personal expertise by interviewing well-known experts! You'll hear directly from big names such as HAL ELROD, BOBBY HOYT, DAVID OSBORN, HONORÉE CORDER, and more!
Hal Elrod is the internationally bestselling author of The Miracle Morning™ Series, which has been translated into 37 languages and has impacted over 2,000,000 people's lives!
Bobby Hoyt is a former high school band director and the founder of Millennial Money Man. He now makes six figures per month from his blog, online courses, and recurring revenue!
David Osborn is a multi-millionaire real estate mogul who started out broke and unemployed at age 26, only to become one of the most successful real estate franchise owners in the world!
Honorée Corder has written over 50 books. She teaches the You Must Write a Book Live Coaching Course and is an executive book coach!
Doug Skipworth is the co-founder and principal broker at Crestcore Realty, which manages 2,500 properties in Tennessee. He personally owns hundreds of rentals!
Thom Shepherd is a CMA of Texas Songwriter of the Year and has written five #1 singles!
If you regularly feel the Sunday Scaries or always dread getting up for work in the morning, this book is for you. This book is for the college student already dreading the 9-5 life that waits him upon graduating; the couple who would rather spend their time doing what they want, instead of slaving away for their employers every day; and the single parent who is barely scraping by.
Regardless of your WHY, passive income could be your HOW.
260 pages, Kindle Edition
Published November 12, 2019
2437 people are currently reading
2128 people want to read
About the author
Rachel Richards
2 books135 followersAt age 27, former financial advisor Rachel Richards quit her job and retired. She now lives off $15,000 per month in passive income.
Rachel Richards is the best-selling author of “Money Honey: A Simple 7-Step Guide for Getting Your Financial $hit Together.” She is an entrepreneur, professional speaker, and investor.
In her newest book, "Passive Income, Aggressive Retirement," Rachel dives deep into the topic of passive income and financial independence. She explains why building self-sustaining income streams is so brilliant (and not to mention doable for anyone and everyone). She outlines 28 different passive income models and how to start creating them.
Follow Rachel on social media! She is on Facebook and Instagram @moneyhoneyrachel.
Download your free passive income starter kit at www.moneyhoneyrachel.com/bonus
Rachel Richards is the best-selling author of “Money Honey: A Simple 7-Step Guide for Getting Your Financial $hit Together.” She is an entrepreneur, professional speaker, and investor.
In her newest book, "Passive Income, Aggressive Retirement," Rachel dives deep into the topic of passive income and financial independence. She explains why building self-sustaining income streams is so brilliant (and not to mention doable for anyone and everyone). She outlines 28 different passive income models and how to start creating them.
Follow Rachel on social media! She is on Facebook and Instagram @moneyhoneyrachel.
Download your free passive income starter kit at www.moneyhoneyrachel.com/bonus
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Displaying 1 - 30 of 120 reviews
November 15, 2019
Ok, so we can all agree that most financial books are boring right? Guess what? This one isn't!! It was an entertaining book that also provided some extremely valuable information. I read the book over 2 days. I couldn't put it down. I am so excited to start implementing some of Rachel's suggestions. Cannot recommend this book enough!!!
June 1, 2022
I did not enjoy this book. Surprisingly, I finished it but it did not bring me new information or inspiration. I do not think I am so educated in the passive money-making field, but most of her advice is kind of known, logical, and expected,... but so hard to make happen in real life. Do not recommend wasting the time, unless you are really young and a nubie.
September 12, 2021
**What this book is about**
- Explain the importance of passive income
- Compare and contrast different forms of passive income
- Motivate reader to approach passive income
**What this book is not about**
- NOT how to be rich quick
**What I like**
- Humor. I like the way she writes it. She knows how to make things simpler to understand.
- The explanation on why the "traditional" retirement plan is no longer effective.
- The motivation for reader as she shares how her condition was in the past, which is quite relatable to general audience like me.
- She admits it when she is not an expert in any particular method and just invite guests to speak instead.
**What I don't like**
- She sounds a bit too bragging at times. I understand that people who read this want to improve their financial situation but flexing about money too often makes it sound less genuine for my taste.
- Make it sound too much easier than I believe it should be (but it could be true)
- Too much focus on Real Estate. Understandable though, because it's what she loves the most and has the most success.
- A bit more business focus than my preference
**Who should read this book**
- Those who need an introduction to passive income
- Those who want some ideas on how to improve their financial situation (bonus if you are living in U.S.)
- Explain the importance of passive income
- Compare and contrast different forms of passive income
- Motivate reader to approach passive income
**What this book is not about**
- NOT how to be rich quick
**What I like**
- Humor. I like the way she writes it. She knows how to make things simpler to understand.
- The explanation on why the "traditional" retirement plan is no longer effective.
- The motivation for reader as she shares how her condition was in the past, which is quite relatable to general audience like me.
- She admits it when she is not an expert in any particular method and just invite guests to speak instead.
**What I don't like**
- She sounds a bit too bragging at times. I understand that people who read this want to improve their financial situation but flexing about money too often makes it sound less genuine for my taste.
- Make it sound too much easier than I believe it should be (but it could be true)
- Too much focus on Real Estate. Understandable though, because it's what she loves the most and has the most success.
- A bit more business focus than my preference
**Who should read this book**
- Those who need an introduction to passive income
- Those who want some ideas on how to improve their financial situation (bonus if you are living in U.S.)
February 20, 2020
The information in this book was worth putting up with the author’s somewhat obnoxious, cutesy language. She covers all the major passive income streams, analyzes which ones take more time or cash to start, discusses risks and marketing strategies, lists additional resources and even interviews several people with successful passive income sources. I especially liked when she extrapolated hypothetical figures, for example, how you could start out with one rental property and end up with 15 without as much cash outlay as you may expect. And all this financial information is presented in a way most people can easily absorb. I’m sure it’s a book I’ll return to through the years. I own the ebook version, but checked out the audio version from the library.
May 1, 2025
Written for people of all ages, this is a book that should generate plenty of ideas for those looking to increase their passive income at any age.
The book does tend to gloss over how hard it is to market a book or a collection of photographs, but the thoughts are all there.
The book does tend to gloss over how hard it is to market a book or a collection of photographs, but the thoughts are all there.
November 1, 2020
Passive Income Aggressive Retirement is a strange book to review. I powered through it, which is some testament to the writer I guess, but I felt on the fence about it throughout.
First, PIAR is American focused. This isn't made clear before you buy the book. But I found there is quite a lot of content to ponder over and consider for passive income avenues. For American readers, I think the book will provide that bit more than I, a Brit found...
The book is written in a slight amateurish way. In that I mean, it often goes on a tangent/random tales of celebrities or pop culture. There's often sayings that simply don't fit the written word. Examples would be where she'd often use sayings like SMH and other slang that just felt out of place and broke a fourth wall.
There were things I enjoyed about the book though. For instance, this is all about gaining financial freedom and earning passively. So when I saw how she used (often abused!) the link to sign up for more free content - that gave me ideas on how to work this into my own book in progress. I also enjoyed that the book glosses over quite a few ideas to think about for your own portfolio. I won't say much of the book is groundbreaking, but I did find myself with a ton of postit notes after reading for further work myself.
If you're after a book that blurts everything at you, in manageable small chapters, PIAR is great. If you can read beyond the cringey swear-bleeps and how the book frequently feels like an advertisement for other products (like the numerous other books + authors interviewed), its a decent read.
Like I say, there's plenty that holds this book back. But in a sense that's what this author is all about. Doing enough to tick a box rather than procrastinate and never get a final product out. Could the book be better? A million percent. But did she get it done and is she earning? Also, a million percent.
First, PIAR is American focused. This isn't made clear before you buy the book. But I found there is quite a lot of content to ponder over and consider for passive income avenues. For American readers, I think the book will provide that bit more than I, a Brit found...
The book is written in a slight amateurish way. In that I mean, it often goes on a tangent/random tales of celebrities or pop culture. There's often sayings that simply don't fit the written word. Examples would be where she'd often use sayings like SMH and other slang that just felt out of place and broke a fourth wall.
There were things I enjoyed about the book though. For instance, this is all about gaining financial freedom and earning passively. So when I saw how she used (often abused!) the link to sign up for more free content - that gave me ideas on how to work this into my own book in progress. I also enjoyed that the book glosses over quite a few ideas to think about for your own portfolio. I won't say much of the book is groundbreaking, but I did find myself with a ton of postit notes after reading for further work myself.
If you're after a book that blurts everything at you, in manageable small chapters, PIAR is great. If you can read beyond the cringey swear-bleeps and how the book frequently feels like an advertisement for other products (like the numerous other books + authors interviewed), its a decent read.
Like I say, there's plenty that holds this book back. But in a sense that's what this author is all about. Doing enough to tick a box rather than procrastinate and never get a final product out. Could the book be better? A million percent. But did she get it done and is she earning? Also, a million percent.
November 27, 2023
Easier said than done, but I took notes anyway. People are often tripped up by their own limiting beliefs. Whatever the passive income path, there’ll always be self-doubt; fears of skill shortages or potential failures are common barriers. But here's the thing: most of these beliefs crumble under scrutiny. Say you have initial apprehension about investing. It’s always possible to start small, risking only $600, for example, and building your confidence from there.
Takeaways:
- Value your time over money. Money is replenishable – time isn't.
- The future isn’t about saving; it's about strategically earning.
- The path to financial freedom isn't paved with get-rich-quick schemes but with informed choices, strategic planning, and consistent efforts
- 1950s Life is simpler, and retirement, based on the “Nest Egg Theory,” feels attainable (Jump to the present, and factors like inflated household expenses, skyrocketing college costs, a strained social security system, and vanishing pensions have drastically altered the financial landscape.)
On passive income:
- Envision the happiness that comes from outsourcing chores, giving you free weekends. This isn’t just about money; it's about freedom. Passive income, unlike active income, doesn't bind you to a desk. It's money earned without consistently trading your time. Sure, it requires initial work – building an online course, for instance. But once set, it's a stream that keeps flowing. From book royalties, like those enjoyed by authors such as Stephen King, to the consistent income from a well-managed rental property, the options are diverse.
- As you mull over these income streams, consider their scalability, controllability, investment required, marketability, and, of course, passivity. Be strategic. Passive income isn’t about getting rich quickly; it's about building wealth that lasts.
- No matter what you create, remember that passive income doesn't mean no effort.
- The market may dip, but historically, it's shown resilience and recovery. Embracing a long-term mindset is crucial.
- What does an ideal day look like when money isn't holding the brush? Maybe it's that café in Paris, or perhaps it's volunteering in your community, or indulging in hobbies that time previously didn't permit. If you dream of expanded travel, then you need to ensure that you account for these desires in your budget.
- egin by examining where your hours go daily. Richards found that she squandered three hours daily on trivial pursuits like TV. You could discover pockets of time you never knew existed! As for funds, consider short-term sacrifices like forgoing a fancy dinner or that extra streaming service. Lay out all potential passive income avenues, but be discerning – strike off those that don't align with your skills or current resources. Writing was Richards’s strength, so publishing a book was a clear contender. Consider your priorities; if complete autonomy is your end goal, rank passivity at the top.
Action points/ideas:
- With traditional publishing, a publisher takes care of everything – from editing to marketing. But you'll earn a smaller chunk of the royalties, usually around 8–15 percent. On the flip side, self-publishing means you wear all the hats, but you can earn anywhere from 35–70 percent in royalties. Just look at Hal Elrod. He raked in over $700,000 a year from his self-published book The Miracle Morning.
- Successful royalty income often rests on effective marketing. Engage with your audience, join relevant groups, consider some paid advertising, and most importantly, keep the momentum going even after the launch.
- Real Estate Investment Trusts or REITs. Think of them as a buffet of properties you can invest in, enjoying the diversity of real estate assets from various cities without owning them directly. What's more, REITs, by law, have to distribute 90 percent of their taxable income as dividends to investors. There are also crowdfunded real estate platforms like Fundrise, offering eREITs and a closer, intimate look at the exact properties you're backing.
- You might think of homes, but have you ever considered generating income from storage spaces, parking, or even equipment rentals?
- A crucial player in this game is the property manager. While they might take a small percentage of your income – around 8 percent – they can make your rental business virtually hands-off.
- Techniques like house hacking, where you buy a multi-unit property, live in one, and rent out the rest, can substantially cut down your initial investment. And if you're really savvy, you might try the BRRRR method – buying, renovating, renting, refinancing, and repeating the process.
- When evaluating properties, lean on the 1 percent rule as a rough guide – a property priced at $100,000 should ideally fetch about $1,000 in monthly rent. (clearly haven't seen the cost of living and rental crisis in Australia haha)
Takeaways:
- Value your time over money. Money is replenishable – time isn't.
- The future isn’t about saving; it's about strategically earning.
- The path to financial freedom isn't paved with get-rich-quick schemes but with informed choices, strategic planning, and consistent efforts
- 1950s Life is simpler, and retirement, based on the “Nest Egg Theory,” feels attainable (Jump to the present, and factors like inflated household expenses, skyrocketing college costs, a strained social security system, and vanishing pensions have drastically altered the financial landscape.)
On passive income:
- Envision the happiness that comes from outsourcing chores, giving you free weekends. This isn’t just about money; it's about freedom. Passive income, unlike active income, doesn't bind you to a desk. It's money earned without consistently trading your time. Sure, it requires initial work – building an online course, for instance. But once set, it's a stream that keeps flowing. From book royalties, like those enjoyed by authors such as Stephen King, to the consistent income from a well-managed rental property, the options are diverse.
- As you mull over these income streams, consider their scalability, controllability, investment required, marketability, and, of course, passivity. Be strategic. Passive income isn’t about getting rich quickly; it's about building wealth that lasts.
- No matter what you create, remember that passive income doesn't mean no effort.
- The market may dip, but historically, it's shown resilience and recovery. Embracing a long-term mindset is crucial.
- What does an ideal day look like when money isn't holding the brush? Maybe it's that café in Paris, or perhaps it's volunteering in your community, or indulging in hobbies that time previously didn't permit. If you dream of expanded travel, then you need to ensure that you account for these desires in your budget.
- egin by examining where your hours go daily. Richards found that she squandered three hours daily on trivial pursuits like TV. You could discover pockets of time you never knew existed! As for funds, consider short-term sacrifices like forgoing a fancy dinner or that extra streaming service. Lay out all potential passive income avenues, but be discerning – strike off those that don't align with your skills or current resources. Writing was Richards’s strength, so publishing a book was a clear contender. Consider your priorities; if complete autonomy is your end goal, rank passivity at the top.
Action points/ideas:
- With traditional publishing, a publisher takes care of everything – from editing to marketing. But you'll earn a smaller chunk of the royalties, usually around 8–15 percent. On the flip side, self-publishing means you wear all the hats, but you can earn anywhere from 35–70 percent in royalties. Just look at Hal Elrod. He raked in over $700,000 a year from his self-published book The Miracle Morning.
- Successful royalty income often rests on effective marketing. Engage with your audience, join relevant groups, consider some paid advertising, and most importantly, keep the momentum going even after the launch.
- Real Estate Investment Trusts or REITs. Think of them as a buffet of properties you can invest in, enjoying the diversity of real estate assets from various cities without owning them directly. What's more, REITs, by law, have to distribute 90 percent of their taxable income as dividends to investors. There are also crowdfunded real estate platforms like Fundrise, offering eREITs and a closer, intimate look at the exact properties you're backing.
- You might think of homes, but have you ever considered generating income from storage spaces, parking, or even equipment rentals?
- A crucial player in this game is the property manager. While they might take a small percentage of your income – around 8 percent – they can make your rental business virtually hands-off.
- Techniques like house hacking, where you buy a multi-unit property, live in one, and rent out the rest, can substantially cut down your initial investment. And if you're really savvy, you might try the BRRRR method – buying, renovating, renting, refinancing, and repeating the process.
- When evaluating properties, lean on the 1 percent rule as a rough guide – a property priced at $100,000 should ideally fetch about $1,000 in monthly rent. (clearly haven't seen the cost of living and rental crisis in Australia haha)
November 5, 2023
Passive Income, Aggressive Retirement: The Secret to Freedom, Flexibility, and Financial Independence (& How to Get Started!) by Rachel Richards serves as a comprehensive guide for those aiming to achieve financial freedom through passive income. Richards underscores the significance of diversifying income sources and making informed choices to secure a comfortable retirement and pursue personal dreams. The book explores a variety of strategies, including royalties, portfolio income, real estate investments, and various passive income avenues. Richards emphasizes the importance of understanding the evolving financial landscape and redefines retirement as a state of financial independence rather than a complete departure from work.
The book begins by redefining retirement, highlighting the significant shifts in the financial landscape over the years. It underscores the importance of taking control of one's financial destiny through strategic planning and leveraging passive income, while debunking traditional retirement myths and highlighting the potential pitfalls of relying solely on conventional savings and investments. The discussion delves into the magic of royalties, emphasizing the scalability of this income stream from creative or artistic endeavors. It provides practical advice for aspiring creators, authors, and musicians, stressing the importance of effective marketing to maximize income potential. The concept of portfolio income is examined next, exploring diverse investment options such as stocks, bonds, peer-to-peer lending, and real estate investment trusts (REITs). The book emphasizes the significance of maintaining a long-term perspective while navigating the complexities and risks of the financial market.
Real estate investments are then highlighted as a promising avenue for passive income, with the book providing comprehensive guidance on rental properties, property management, and the importance of careful financial planning. It underscores the potential benefits of real estate investment, including steady cash flow, appreciation in property value, and tax advantages, while also warning against potential risks and pitfalls. The final section of the book emphasizes the importance of goal setting, time management, and overcoming personal limitations to build a sustainable passive income portfolio. It encourages readers to envision their desired lifestyle, identify their strengths, and develop a clear plan for achieving financial independence through various passive income strategies.
Overall, Passive Income, Aggressive Retirement serves as an insightful and practical resource for individuals seeking to diversify their income streams, secure their financial future, and pursue a more fulfilling and flexible lifestyle. Richards effectively combines theoretical insights with actionable advice, making the book accessible and engaging for readers looking to embark on their journey toward financial independence.
The book begins by redefining retirement, highlighting the significant shifts in the financial landscape over the years. It underscores the importance of taking control of one's financial destiny through strategic planning and leveraging passive income, while debunking traditional retirement myths and highlighting the potential pitfalls of relying solely on conventional savings and investments. The discussion delves into the magic of royalties, emphasizing the scalability of this income stream from creative or artistic endeavors. It provides practical advice for aspiring creators, authors, and musicians, stressing the importance of effective marketing to maximize income potential. The concept of portfolio income is examined next, exploring diverse investment options such as stocks, bonds, peer-to-peer lending, and real estate investment trusts (REITs). The book emphasizes the significance of maintaining a long-term perspective while navigating the complexities and risks of the financial market.
Real estate investments are then highlighted as a promising avenue for passive income, with the book providing comprehensive guidance on rental properties, property management, and the importance of careful financial planning. It underscores the potential benefits of real estate investment, including steady cash flow, appreciation in property value, and tax advantages, while also warning against potential risks and pitfalls. The final section of the book emphasizes the importance of goal setting, time management, and overcoming personal limitations to build a sustainable passive income portfolio. It encourages readers to envision their desired lifestyle, identify their strengths, and develop a clear plan for achieving financial independence through various passive income strategies.
Overall, Passive Income, Aggressive Retirement serves as an insightful and practical resource for individuals seeking to diversify their income streams, secure their financial future, and pursue a more fulfilling and flexible lifestyle. Richards effectively combines theoretical insights with actionable advice, making the book accessible and engaging for readers looking to embark on their journey toward financial independence.
July 5, 2021
Earn passive income so early retirement is possible
Passive Income, Aggressive Retirement contains 28 great ideas (Rachel Richards, the author, counted them) to achieve retirement early. In the past, the traditional method of saving and investing in savings accounts, stocks, and bonds, was the main way to generate passive income, but she shows how that will never work 100% in today’s worlds. With today’s ultra-low interest rates, one would have to save about $2 million to generate enough passive income to retire. That is beyond the reach for most ordinary mortals. With passive income, Richards means income flows that in time will exceed monthly expenses, which means at that point true retirement is possible. She stresses often that passive income doesn’t mean no work to maintain these income flows, but in time they can become low maintenance/high income sources. She presents a load of ideas, urging the reader to pick a handful to pursue on the road to financial independence. She doesn’t claim expertise on any single method, but she isn’t afraid to try her hand at those which interest her most, and she has turned that interest to great success for her and her husband, so she urges the reader to consider taking similar bold steps. She also provides a lot of resources for the reader to consider in expanding their knowledge even further after she has piqued our interest in the 28 methods. I’m looking forward to testing her some of her ideas as I further my own flow of passive income toward aggressive retirement.
Passive Income, Aggressive Retirement contains 28 great ideas (Rachel Richards, the author, counted them) to achieve retirement early. In the past, the traditional method of saving and investing in savings accounts, stocks, and bonds, was the main way to generate passive income, but she shows how that will never work 100% in today’s worlds. With today’s ultra-low interest rates, one would have to save about $2 million to generate enough passive income to retire. That is beyond the reach for most ordinary mortals. With passive income, Richards means income flows that in time will exceed monthly expenses, which means at that point true retirement is possible. She stresses often that passive income doesn’t mean no work to maintain these income flows, but in time they can become low maintenance/high income sources. She presents a load of ideas, urging the reader to pick a handful to pursue on the road to financial independence. She doesn’t claim expertise on any single method, but she isn’t afraid to try her hand at those which interest her most, and she has turned that interest to great success for her and her husband, so she urges the reader to consider taking similar bold steps. She also provides a lot of resources for the reader to consider in expanding their knowledge even further after she has piqued our interest in the 28 methods. I’m looking forward to testing her some of her ideas as I further my own flow of passive income toward aggressive retirement.
November 14, 2019
Passive Income, Aggressive Retirement is a quick, fun, and informative read for anyone looking to supplement or replace their active income and pursue a more flexible lifestyle.
It goes beyond describing the five types of passive income that exist to detailing the exact steps you can take to pursue them - de-mystifying and democratizing the opportunities often used to build wealth.
The “SCRIMP” framework Rachel uses to compare passive income streams helps readers make an informed decision about where to start based on the resources they have available (time, money, or both).
Her journey to passive income is equal parts relatable and inspiring, practical and dreamy - making the book a particularly useful read for couples that may have different decision-making and money management styles.
Rachel packages her years of education, experience, and connections in this quick and affordable read. It can carry a high ROI if you give her tips a try!
It goes beyond describing the five types of passive income that exist to detailing the exact steps you can take to pursue them - de-mystifying and democratizing the opportunities often used to build wealth.
The “SCRIMP” framework Rachel uses to compare passive income streams helps readers make an informed decision about where to start based on the resources they have available (time, money, or both).
Her journey to passive income is equal parts relatable and inspiring, practical and dreamy - making the book a particularly useful read for couples that may have different decision-making and money management styles.
Rachel packages her years of education, experience, and connections in this quick and affordable read. It can carry a high ROI if you give her tips a try!
November 14, 2019
I loved this book!!!!!!!
The most helpful part is that Rachel interviews people across various lines of work and asks them how they generate passive income. It's nice to hear from one author, but it's really credible when the author takes the time to interview others (Such as Hal Elrod, one of my personal role models for his Miracle Morning) and show that these principles work across different industries and lines of work.
I also loved that Rachel was clear about the up front work for passive income streams. It's not a get rich process, it's something you do over time.
READ THIS BOOK!
The most helpful part is that Rachel interviews people across various lines of work and asks them how they generate passive income. It's nice to hear from one author, but it's really credible when the author takes the time to interview others (Such as Hal Elrod, one of my personal role models for his Miracle Morning) and show that these principles work across different industries and lines of work.
I also loved that Rachel was clear about the up front work for passive income streams. It's not a get rich process, it's something you do over time.
READ THIS BOOK!
January 19, 2021
Two wonderful things about this book are its simplicity and the author’s enthusiasm about the subject. If you are curious about passive income for you or for your kids, this book is the perfect place to begin.
I find two faults, which are definitely not meant to discourage readers. One, the author says she’s retired at age 27. This is misleading. She is an entrepreneur, specializing in the creation and management of multiple sources of income. While she does not specify how much she works, I’m guessing it’s 10-25 hours a week. Granted, she’s at a place where the work is easy and allows for a flexible lifestyle. Retiring with passive income streams requires many years of time and effort.
Two, she presents publishing as something you can do with no money, which is misleading. To publish a book properly takes a team of people and a substantial amount of money.
These faults notwithstanding, this book is wonderful for anyone who wants to stop working for someone else and create a financially independent life.
I find two faults, which are definitely not meant to discourage readers. One, the author says she’s retired at age 27. This is misleading. She is an entrepreneur, specializing in the creation and management of multiple sources of income. While she does not specify how much she works, I’m guessing it’s 10-25 hours a week. Granted, she’s at a place where the work is easy and allows for a flexible lifestyle. Retiring with passive income streams requires many years of time and effort.
Two, she presents publishing as something you can do with no money, which is misleading. To publish a book properly takes a team of people and a substantial amount of money.
These faults notwithstanding, this book is wonderful for anyone who wants to stop working for someone else and create a financially independent life.
November 14, 2019
This book is amazing for people looking to change the way we think about retirement AND implement the steps to do it! I’ve been a fan of Rachel Richards since her first book “Money Honey” came out! Her first book helped us reach our financial goals so I was excited for the second. Well now, this author is helping us reach our future financial goals! So grateful to have stumbled upon her work!
September 22, 2024
what do you thing it means to be retired? How would you define it? Does it have to do with freedom or financial independence? Is it simply the act of quitting your job and never working again? Can you "retire" and still work?
Guys and gals, your most valuable resource is your time.
You can always make more money, but you can't make more time.
If you have enough time, you can make more money. But no matter how much money you have, you can't make more time.
If your passive income exceeds your expenses, you are retired.
If you have no idea what fullfills you, consider the following questions:
If money didn't exist, how would you spend your time?
What would you do if you only had one year left to live?
If you won $20 million in the lottery, what would you do at first, and what would you do later?
..a system for evaluating one passive income stream against another - SCRIMP:
1. Scalability
2. Comtrollablity &Regulation
3. Investment
4. Marketability
5. Passivity
What are you passionate about? You can list activities, objects, people, things - whatever. Be messy about it. The messier, the better. Don't hold back. What are your hobbies or passions? What are you really good at doing? What do people come to you for help with? What advice do people seek you out for? What activities or sports or clubs have you played or been involved in? What would your TED Talk be about? What makes you unique? What expertise do you have that others typically don't? Where have you gone that other people haven't? What have you done or achieved that other people haven't?
Guys and gals, your most valuable resource is your time.
You can always make more money, but you can't make more time.
If you have enough time, you can make more money. But no matter how much money you have, you can't make more time.
If your passive income exceeds your expenses, you are retired.
If you have no idea what fullfills you, consider the following questions:
If money didn't exist, how would you spend your time?
What would you do if you only had one year left to live?
If you won $20 million in the lottery, what would you do at first, and what would you do later?
..a system for evaluating one passive income stream against another - SCRIMP:
1. Scalability
2. Comtrollablity &Regulation
3. Investment
4. Marketability
5. Passivity
What are you passionate about? You can list activities, objects, people, things - whatever. Be messy about it. The messier, the better. Don't hold back. What are your hobbies or passions? What are you really good at doing? What do people come to you for help with? What advice do people seek you out for? What activities or sports or clubs have you played or been involved in? What would your TED Talk be about? What makes you unique? What expertise do you have that others typically don't? Where have you gone that other people haven't? What have you done or achieved that other people haven't?
This entire review has been hidden because of spoilers.
May 6, 2020
This book was so good! Rachel does a great job packing this full of great information without it being boring. I took away so many ideas and inspiration to generate passive income - some of them I hadn't thought of before or some of them that I thought weren't realistic if I didn't have the capital. Thank you thank you thank you for writing this!
November 10, 2019
This fantastic book will be available in 9 days and if it’s anything like her first book it will be nothing less than amazing. Mark your calendars as you don’t want miss the launch.
November 12, 2019
Feels like I'm in an interesting conversation with a girlfriend who is an expert in this field, not reading a textbook. I hate money things (biologist/nurse/informatics) but I'm learning! I'm gonna have to get the first book, too!
November 5, 2022
Side Hustles
Great book if you are looking for a side hustle or a full time gig. This book will give you some ideas of possible venture for you. Very easy reading.
Great book if you are looking for a side hustle or a full time gig. This book will give you some ideas of possible venture for you. Very easy reading.
December 23, 2020
Geared toward younger investors. The author, who retired at 26, talked about ways to generate passive income, same old, same old, t-shirt printing, real estate investing(duplexes, emphasize the "es"),as well as, in her case, book royalty, social media and growth+income portfolios.
This entire review has been hidden because of spoilers.
November 21, 2019
After reading Money Honey, I couldn’t wait to get my hands on Passive Income, Aggressive Retirement! I wasn’t quite sure what to expect with this book other than I knew it was going to be great. I was not disappointed! Rachel went into SO MUCH detail in this book about passive income streams. She talks about the 5 main passive income streams: royalty income, portfolio income, coin-operated machines, ads and e-commerce, and rental income. For each category Rachel lists multiple examples and goes into great detail on how to implement each one. I was blown away by all of the valuable information she shares. And she really stresses how passive income DOES take work up front. NOTHING she writes about is a get-rich-quick-scheme. Each option takes a little time or money in the beginning to get started but will get more passive over time. The whole idea is to be able to retire early off of your passive income stream(s)! I’m so excited and confident that I can implement an idea from this book and really live the life I’ve always wanted. Rachel is a wealth of knowledge and I’m so thankful for this book and her expertise!
August 31, 2024
If your time is worth $30 per hour, you wouldn’t agree to spend an hour of your time to save $10 [at the grocery store]. Yet people do it all the time.
If you’re wired to work like I am, you just keep stacking income streams on top of each other and diversify to whatever seems fun/challenging to you.
- The idea of using my free time to build additional income streams that are scalable is certainly appealing, but this book was not the thorough study of that topic which I was hoping for. The real estate section was great and full of useful information, which is fitting since Richards is primarily a real estate investor. However, the rest of the revenue streams discussed just felt sort of tacked on to make the book broader. I also didn’t like how the focus was geared towards “escaping the 9-5” without really appreciating that corporate jobs will give you far more money and scope to play with than any of these passive income businesses ever could. Sure, that money may not be yours per se, but in terms of accomplishment, your time will go much further as part of a corporation.
C
If you’re wired to work like I am, you just keep stacking income streams on top of each other and diversify to whatever seems fun/challenging to you.
- The idea of using my free time to build additional income streams that are scalable is certainly appealing, but this book was not the thorough study of that topic which I was hoping for. The real estate section was great and full of useful information, which is fitting since Richards is primarily a real estate investor. However, the rest of the revenue streams discussed just felt sort of tacked on to make the book broader. I also didn’t like how the focus was geared towards “escaping the 9-5” without really appreciating that corporate jobs will give you far more money and scope to play with than any of these passive income businesses ever could. Sure, that money may not be yours per se, but in terms of accomplishment, your time will go much further as part of a corporation.
C
November 5, 2023
I listened to this audiobook assuming it would be boring and put me to sleep.
Wrong! I ended up live tweeting and take notes on my phone and Goodreads!
Notes for today’s Blinkist Book of the Day:
secrets to financial freedom
The path to financial freedom isn't paved with get-rich-quick schemes but with informed choices, strategic planning, and consistent efforts.
Redefining retirement in a transforming world
Today, homes sprawl over 2,500 sq ft, families juggle multiple cars, and the glare of the “perfect life” on social media spurs increased spending. Some think that working longer hours is the solution, but it's a trap. The archaic 40-hour workweek still reigns, leaving little flexibility to save or invest.
The thing is, retirement isn't just about leaving a job. It's about financial independence and the freedom of choice. While conventional wisdom insists on a $2 million nest egg for a comfortable retirement, consider this: to achieve that starting at age 25, you'd have to stash away $621 every month for 40 years, expecting an 8 percent return. When reality hits, we find the average retirement savings for those in their late 50s is a mere $163,577. Relying solely on the stock market is dicey; remember 2008? Life’s uncertainties, such as health issues or divorce, can also deal massive blows to these savings. But there's hope. The younger generation is tapping into the power of passive income.
Value your time over money. Money is replenishable – time isn't. Maybe you’re saving a few cents on gas but what's the cost of the time you waste? Making smart trade-offs is crucial. Envision the happiness that comes from outsourcing chores, giving you free weekends. This isn’t just about money; it's about freedom. Passive income, unlike active income, doesn't bind you to a desk. It's money earned without consistently trading your time. Sure, it requires initial work – building an online course, for instance. But once set, it's a stream that keeps flowing. From book royalties, like those enjoyed by authors such as Stephen King, to the consistent income from a well-managed rental property, the options are diverse.
As you mull over these income streams, consider their scalability, controllability, investment required, marketability, and, of course, passivity. Be strategic. Passive income isn’t about getting rich quickly; it's about building wealth that lasts.
So, as the traditional idea of retirement crumbles, and the norms of the 1950s fade, are you ready to pivot? Dive into the realm of passive income. The future isn’t about saving; it's about strategically earning.
At the heart of passive income through real estate are rental properties. You might think of homes, but have you ever considered generating income from storage spaces, parking, or even equipment rentals? Real estate offers three primary benefits: steady cash flow, appreciation in property value over time, and invaluable tax benefits. But diving in requires an initial investment. Newcomers are often advised to begin with their homes, converting them into rentals. A word to the wise though: don't stretch your finances too thin – over-leveraging can be disastrous. A crucial player in this game is the property manager. While they might take a small percentage of your income – around 8 percent – they can make your rental business virtually hands-off. Imagine managing over 100 properties, bringing in a significant annual passive income, all overseen by a reliable property manager.
I got a lot of ideas from this book, however I’m not exactly sure about how some of the strategies would look for me. I’m mindfully working on my plan in a realistic small steps approach.
My biggest take away:
FIRST U need clarity on your current financial situation. Understand your monthly expenses. Want to relocate or pick up a new hobby? Factor in those costs. Can't quite picture life post-retirement? Delve deep into passions and causes that resonate with you.
Next, look at how to initiate that first stream of passive income. Begin by examining where your hours go daily. Richards found that she squandered three hours daily on trivial pursuits like TV. You could discover pockets of time you never knew existed! As for funds, consider short-term sacrifices like forgoing a fancy dinner or that extra streaming service. Lay out all potential passive income avenues, but be discerning – strike off those that don't align with your skills or current resources. Writing was Richards’s strength, so publishing a book was a clear contender. Consider your priorities; if complete autonomy is your end goal, rank passivity at the top.
The journey to establishing passive income isn't devoid of hurdles, though. People are often, tripped up by their own limiting beliefs. Whatever the passive income path, there’ll always be self-doubt; fears of skill shortages or potential failures are common barriers. But here's the thing: most of these beliefs crumble under scrutiny. Say you have initial apprehension about investing. It’s always possible to start small, risking only $600, for example, and building your confidence from there.
The road to passive income demands dedication, consistent effort, and patience. It's easy to get discouraged, but remember what you’re doing it for. Whether it's that dream of sipping coffee in Paris or spending quality time with loved ones, keep your vision at the forefront. And don't rush to bid your job goodbye; ensure your streams can sustain your lifestyle first.
Building passive income isn't a walk in the park, but oh, the places it can take you! Embrace the possibilities, chart your course, and embark on the transformative journey from dreaming to doing. And who knows? Maybe we'll soon find you in that Parisian café, reveling in the life you’ve crafted.
Wrong! I ended up live tweeting and take notes on my phone and Goodreads!
Notes for today’s Blinkist Book of the Day:
secrets to financial freedom
The path to financial freedom isn't paved with get-rich-quick schemes but with informed choices, strategic planning, and consistent efforts.
Redefining retirement in a transforming world
Today, homes sprawl over 2,500 sq ft, families juggle multiple cars, and the glare of the “perfect life” on social media spurs increased spending. Some think that working longer hours is the solution, but it's a trap. The archaic 40-hour workweek still reigns, leaving little flexibility to save or invest.
The thing is, retirement isn't just about leaving a job. It's about financial independence and the freedom of choice. While conventional wisdom insists on a $2 million nest egg for a comfortable retirement, consider this: to achieve that starting at age 25, you'd have to stash away $621 every month for 40 years, expecting an 8 percent return. When reality hits, we find the average retirement savings for those in their late 50s is a mere $163,577. Relying solely on the stock market is dicey; remember 2008? Life’s uncertainties, such as health issues or divorce, can also deal massive blows to these savings. But there's hope. The younger generation is tapping into the power of passive income.
Value your time over money. Money is replenishable – time isn't. Maybe you’re saving a few cents on gas but what's the cost of the time you waste? Making smart trade-offs is crucial. Envision the happiness that comes from outsourcing chores, giving you free weekends. This isn’t just about money; it's about freedom. Passive income, unlike active income, doesn't bind you to a desk. It's money earned without consistently trading your time. Sure, it requires initial work – building an online course, for instance. But once set, it's a stream that keeps flowing. From book royalties, like those enjoyed by authors such as Stephen King, to the consistent income from a well-managed rental property, the options are diverse.
As you mull over these income streams, consider their scalability, controllability, investment required, marketability, and, of course, passivity. Be strategic. Passive income isn’t about getting rich quickly; it's about building wealth that lasts.
So, as the traditional idea of retirement crumbles, and the norms of the 1950s fade, are you ready to pivot? Dive into the realm of passive income. The future isn’t about saving; it's about strategically earning.
At the heart of passive income through real estate are rental properties. You might think of homes, but have you ever considered generating income from storage spaces, parking, or even equipment rentals? Real estate offers three primary benefits: steady cash flow, appreciation in property value over time, and invaluable tax benefits. But diving in requires an initial investment. Newcomers are often advised to begin with their homes, converting them into rentals. A word to the wise though: don't stretch your finances too thin – over-leveraging can be disastrous. A crucial player in this game is the property manager. While they might take a small percentage of your income – around 8 percent – they can make your rental business virtually hands-off. Imagine managing over 100 properties, bringing in a significant annual passive income, all overseen by a reliable property manager.
I got a lot of ideas from this book, however I’m not exactly sure about how some of the strategies would look for me. I’m mindfully working on my plan in a realistic small steps approach.
My biggest take away:
FIRST U need clarity on your current financial situation. Understand your monthly expenses. Want to relocate or pick up a new hobby? Factor in those costs. Can't quite picture life post-retirement? Delve deep into passions and causes that resonate with you.
Next, look at how to initiate that first stream of passive income. Begin by examining where your hours go daily. Richards found that she squandered three hours daily on trivial pursuits like TV. You could discover pockets of time you never knew existed! As for funds, consider short-term sacrifices like forgoing a fancy dinner or that extra streaming service. Lay out all potential passive income avenues, but be discerning – strike off those that don't align with your skills or current resources. Writing was Richards’s strength, so publishing a book was a clear contender. Consider your priorities; if complete autonomy is your end goal, rank passivity at the top.
The journey to establishing passive income isn't devoid of hurdles, though. People are often, tripped up by their own limiting beliefs. Whatever the passive income path, there’ll always be self-doubt; fears of skill shortages or potential failures are common barriers. But here's the thing: most of these beliefs crumble under scrutiny. Say you have initial apprehension about investing. It’s always possible to start small, risking only $600, for example, and building your confidence from there.
The road to passive income demands dedication, consistent effort, and patience. It's easy to get discouraged, but remember what you’re doing it for. Whether it's that dream of sipping coffee in Paris or spending quality time with loved ones, keep your vision at the forefront. And don't rush to bid your job goodbye; ensure your streams can sustain your lifestyle first.
Building passive income isn't a walk in the park, but oh, the places it can take you! Embrace the possibilities, chart your course, and embark on the transformative journey from dreaming to doing. And who knows? Maybe we'll soon find you in that Parisian café, reveling in the life you’ve crafted.
This entire review has been hidden because of spoilers.
July 8, 2021
Step one of passive income is to do something like wrote a book. This is the author's attempt at pasive income and it's shiiiiiiite
April 22, 2025
本書的標題寫得蠻聳動的，財務自由相信是每一個人都在追求的境界，所以看到這本書標題後，看了前面幾頁就決定買了。此書是在斗六的田納西書店買的，值得一提的是，田納西書局在斗六吆鬼街對面，雖然是隱身在大樓裡面的小書店，不過裡面給人的感覺很舒服，結帳完後還給我一本兩廳院的展覽DM，在斗六這種鄉下地方居然還有具有文藝氣息的地方，推薦住在斗六的人可以去田納西書店逛逛。
雖然本書看完後覺得有些失望，不過對於被動投資的觀念倒是讓人耳目一新，一些想法如果小時候家裡沒有開店或是擁有自己事業的人，是很難有機會可以體會到了。作者Rachel Richards，宣稱自己在27歲時已經透過被動投資達成財富自由的目標，本書是他第二本書，更是直截了當的介紹被動投資的方法以及如何達成。不過看到最後發現他的財富自由方式，也只是炒房地產跟當收租婆，如此內捲化的賺錢方式，適合性格投機的人嘗試。
其實這本書還是有一些值得參考的地方，包括了作者對於建立被動收入的觀念與態度。被動收入的定義是不需要花費心力(或是很少)也可以賺錢的收入，正所謂「天下沒有白吃的午餐」，建立被動收入的事前準備卻需要花費相當大的時間或是金錢，不過一但真正建立了可以穩定維持的被動收入金流，便可以逐漸脫離主動收入這種受制於人的生活，往財富自由的道路更進一步。
SCRIMP法則
這邊作者還介紹一種評估被動收入的工具，也就是所謂的SCRIMP法則
1. 規模性(Scalability)：方法可以觸及的人數，越多的話可增加投資機會。
2. 控制與限制(Control＆Regulation)：是否可以自己控制與該方法是否有硬性限制。
3. 投資實現(Investment)：投入的難易度，包含時間與金錢。
4. 市場接受度(Marketability)：是否可以解決市場的難題，大眾接收度如何。
5. 被動性(Passivity)：生意建立後是否要繼續投入，可不可以外包。
SCRIMP法則我覺得相當實用，不管是要做任何被動收入投資，甚至是開店、創立自己的事業，這個法則可以幫助簡單評估可能性，至少可以避免不做功課一股腦兒投入最後失敗的慘況。
被動收入
書名叫做28種財務自由的方法，認真講大概只有5種被動收入方式，包括了
1. 授權金收入：出書、寫音樂、繪畫、照片......等，使用這些創作都會帶來授權金收入。這種被動收入不需要金錢，不過需要大量時間，但這個收入真正對世界進步有幫助。
2. 投資組合收入：包含股市投資、債市投資、原物料期貨市場等。這種收入需要大筆金錢，但不需要時間。
3. 自動販賣機收入：包含自動販賣機、自助洗衣機、ATM等。受限台灣法規，這類型的收入很多無法執行，不過在台灣的變形就是夾娃娃機，這幾年冒出一大堆夾娃娃機店，增加投入這個收入的難度。
4. 廣告業務收入：就是俗稱的流量變現。很多YTB、網紅擁有一定數量的點閱率流量後，便會有業配廣告找上門，背後的商機無限，不過在這之前需要累積流量，這也是最困難的地方。
5. 租金收入：作者最推崇的被動收入，也是她財富自由的主要方法，一句話就是炒房。
省思
房地產投資能夠成功，是建立在量化寬鬆政策下，市場資金氾濫，過多的資金需要找到一個存放的地方，而房地產正好是最佳的避風港。然而全球金融市場從2008年金融海嘯到現在，已經經歷了超過十年的多頭，近幾年的COVID-19疫情更是讓FED瘋狂印鈔，推升了資產價格上漲，除了貧富差距加大，更推升了通膨，綜觀金融史還從未有如此長的牛市，未來市場是否能繼續走高，是每個投資人都想知道的問題。
早在去年年中，FED已經預告資金派對即將結束，甚至暗示了年中會啟動升息計畫，美國的通膨率來到7%，高通膨更讓聯準會鷹派陣營增添柴火。台灣從去年開始正式進入人口負成長國家，每年出生率不停倒退，節節上升的物價與房價，可說是效果最好的避孕器，房市是否還是可以像過去20年一樣繼續飛天，值得思考。
這本書作者給我的感覺跟「富爸爸、窮爸爸」作者羅博特．清崎一樣，為了賺錢可以不擇手段的人，用這種方式確實可以賺到錢，也真的能夠財富自由，只是這種方式我不太認同罷了，當然每個人有不同的看法，如果不介意炒房無助世界進步且影響下一代人，這本書可以看一下，另外書中被動收入的觀念也是可取的地方。
雖然本書看完後覺得有些失望，不過對於被動投資的觀念倒是讓人耳目一新，一些想法如果小時候家裡沒有開店或是擁有自己事業的人，是很難有機會可以體會到了。作者Rachel Richards，宣稱自己在27歲時已經透過被動投資達成財富自由的目標，本書是他第二本書，更是直截了當的介紹被動投資的方法以及如何達成。不過看到最後發現他的財富自由方式，也只是炒房地產跟當收租婆，如此內捲化的賺錢方式，適合性格投機的人嘗試。
其實這本書還是有一些值得參考的地方，包括了作者對於建立被動收入的觀念與態度。被動收入的定義是不需要花費心力(或是很少)也可以賺錢的收入，正所謂「天下沒有白吃的午餐」，建立被動收入的事前準備卻需要花費相當大的時間或是金錢，不過一但真正建立了可以穩定維持的被動收入金流，便可以逐漸脫離主動收入這種受制於人的生活，往財富自由的道路更進一步。
SCRIMP法則
這邊作者還介紹一種評估被動收入的工具，也就是所謂的SCRIMP法則
1. 規模性(Scalability)：方法可以觸及的人數，越多的話可增加投資機會。
2. 控制與限制(Control＆Regulation)：是否可以自己控制與該方法是否有硬性限制。
3. 投資實現(Investment)：投入的難易度，包含時間與金錢。
4. 市場接受度(Marketability)：是否可以解決市場的難題，大眾接收度如何。
5. 被動性(Passivity)：生意建立後是否要繼續投入，可不可以外包。
SCRIMP法則我覺得相當實用，不管是要做任何被動收入投資，甚至是開店、創立自己的事業，這個法則可以幫助簡單評估可能性，至少可以避免不做功課一股腦兒投入最後失敗的慘況。
被動收入
書名叫做28種財務自由的方法，認真講大概只有5種被動收入方式，包括了
1. 授權金收入：出書、寫音樂、繪畫、照片......等，使用這些創作都會帶來授權金收入。這種被動收入不需要金錢，不過需要大量時間，但這個收入真正對世界進步有幫助。
2. 投資組合收入：包含股市投資、債市投資、原物料期貨市場等。這種收入需要大筆金錢，但不需要時間。
3. 自動販賣機收入：包含自動販賣機、自助洗衣機、ATM等。受限台灣法規，這類型的收入很多無法執行，不過在台灣的變形就是夾娃娃機，這幾年冒出一大堆夾娃娃機店，增加投入這個收入的難度。
4. 廣告業務收入：就是俗稱的流量變現。很多YTB、網紅擁有一定數量的點閱率流量後，便會有業配廣告找上門，背後的商機無限，不過在這之前需要累積流量，這也是最困難的地方。
5. 租金收入：作者最推崇的被動收入，也是她財富自由的主要方法，一句話就是炒房。
省思
房地產投資能夠成功，是建立在量化寬鬆政策下，市場資金氾濫，過多的資金需要找到一個存放的地方，而房地產正好是最佳的避風港。然而全球金融市場從2008年金融海嘯到現在，已經經歷了超過十年的多頭，近幾年的COVID-19疫情更是讓FED瘋狂印鈔，推升了資產價格上漲，除了貧富差距加大，更推升了通膨，綜觀金融史還從未有如此長的牛市，未來市場是否能繼續走高，是每個投資人都想知道的問題。
早在去年年中，FED已經預告資金派對即將結束，甚至暗示了年中會啟動升息計畫，美國的通膨率來到7%，高通膨更讓聯準會鷹派陣營增添柴火。台灣從去年開始正式進入人口負成長國家，每年出生率不停倒退，節節上升的物價與房價，可說是效果最好的避孕器，房市是否還是可以像過去20年一樣繼續飛天，值得思考。
這本書作者給我的感覺跟「富爸爸、窮爸爸」作者羅博特．清崎一樣，為了賺錢可以不擇手段的人，用這種方式確實可以賺到錢，也真的能夠財富自由，只是這種方式我不太認同罷了，當然每個人有不同的看法，如果不介意炒房無助世界進步且影響下一代人，這本書可以看一下，另外書中被動收入的觀念也是可取的地方。
November 18, 2019
I bought Rachel’s first book Money Honey about a year ago thanks to a friend’s recommendation and LOVED it. It helped me pay down my credit card debt within 7 months and begin building up my savings and investment portfolio. I’ve been following Rachel’s career ever since.
When she announced that she was writing a second book, this time about passive income, I was ecstatic. I am a young millennial and in my first year of my career, and I already know I don’t want to spend the next 40+ years of my life working at a desk all day.
I flew through this book in just a few hours and now I’m super excited to get started implementing what I learned from it. Rachel goes through a ton of passive income stream ideas – a lot of which I hadn’t even heard of before. She also tells you exactly how to evaluate each type and how to get started creating them so you know exactly what to do. I was worried that I wouldn’t be able to find a passive income stream that I could make work for me and my skills, but I was wrong. This is definitely accessible to anyone and everyone who is willing to put in some work up front.
My favorite part is about rental property. I thought you had to have a bunch of money to invest in rental property to get started but Rachel explained why that’s not actually true. I am now super motivated to finish paying off my student loans early so I can begin working on passive income streams. My goal is to build enough passive income in the next 5 years to retire before 30, just like Rachel did.
Seriously everyone can benefit from this book!!
When she announced that she was writing a second book, this time about passive income, I was ecstatic. I am a young millennial and in my first year of my career, and I already know I don’t want to spend the next 40+ years of my life working at a desk all day.
I flew through this book in just a few hours and now I’m super excited to get started implementing what I learned from it. Rachel goes through a ton of passive income stream ideas – a lot of which I hadn’t even heard of before. She also tells you exactly how to evaluate each type and how to get started creating them so you know exactly what to do. I was worried that I wouldn’t be able to find a passive income stream that I could make work for me and my skills, but I was wrong. This is definitely accessible to anyone and everyone who is willing to put in some work up front.
My favorite part is about rental property. I thought you had to have a bunch of money to invest in rental property to get started but Rachel explained why that’s not actually true. I am now super motivated to finish paying off my student loans early so I can begin working on passive income streams. My goal is to build enough passive income in the next 5 years to retire before 30, just like Rachel did.
Seriously everyone can benefit from this book!!
September 12, 2021
On a scale of cotton candy to Brussels sprouts, Passive Income, Aggressive Retirement by Rachel Richards is your morning coffee. For most, coffee is an essential start to the day, and it makes everything go so much smoother.
Rachel Richards (@moneyhoneyrachel) decided to write a spunky take on becoming financially independent, and she shares how she did it before she was thirty. Relying heavily on her own experience while tagging in individuals with interviews about their own journey in different areas helps to flesh out the pros and cons of different types of passive income from coin-slot machines to real estate rentals. Finances don't have to be boring, and Rachel is out to show you that.
By purchasing Rachel's book on finances, I became a part of her passive income, and I'm not sorry. I'd pay that $2.99 again for her discounted eBook on finances because this was one of the easiest reads I've ever read on finances. She made it fun, and Rachel broke down the math in a way that was simple. While this book offers an overview, it's helpful because it's a starting point for pursuing other avenues of passive income.
If you're looking to increase your income but you aren't sure where to start, I suggest downloading Passive Income, Aggressive Retirement today. Rachel writes in such an upbeat way that finances became seriously interesting to me. Thanks, Rachel!!
Rachel Richards (@moneyhoneyrachel) decided to write a spunky take on becoming financially independent, and she shares how she did it before she was thirty. Relying heavily on her own experience while tagging in individuals with interviews about their own journey in different areas helps to flesh out the pros and cons of different types of passive income from coin-slot machines to real estate rentals. Finances don't have to be boring, and Rachel is out to show you that.
By purchasing Rachel's book on finances, I became a part of her passive income, and I'm not sorry. I'd pay that $2.99 again for her discounted eBook on finances because this was one of the easiest reads I've ever read on finances. She made it fun, and Rachel broke down the math in a way that was simple. While this book offers an overview, it's helpful because it's a starting point for pursuing other avenues of passive income.
If you're looking to increase your income but you aren't sure where to start, I suggest downloading Passive Income, Aggressive Retirement today. Rachel writes in such an upbeat way that finances became seriously interesting to me. Thanks, Rachel!!
May 23, 2020
“Imagine a world that makes no demands of you. You don’t have to worry about money. You don’t have to be physically present in any particular place.” This book is based on the premise of creating passive income which will allow you to pursue other interests. Time is money, and money is time. We live in a world where our life is ephemeral so why not do things you love? Today’s workplace is antiquated, most Americans are overworked and find their jobs to be monotonous.
Rachel Richards at the age of 27, left her cubicle to pursue other interests that she enjoyed. In this comprehensive and informing book, she lists a plethora of ways to generate passive income. While noting real estate to be her favorite, she lists other as well such as vending machines, book writing,etc. Rachel says that their are two phases when it comes to generating passive income. Stage one is the investment phase, and stage two is the sit back and do little phase. As a 20 year old, I’m definitely interested in creating passive income. Social security may not be around when I retire, something Rachel presented in the book. The nest egg theory is far fetched. I wish curriculum like this would be presented in educational institutions.
Rachel Richards at the age of 27, left her cubicle to pursue other interests that she enjoyed. In this comprehensive and informing book, she lists a plethora of ways to generate passive income. While noting real estate to be her favorite, she lists other as well such as vending machines, book writing,etc. Rachel says that their are two phases when it comes to generating passive income. Stage one is the investment phase, and stage two is the sit back and do little phase. As a 20 year old, I’m definitely interested in creating passive income. Social security may not be around when I retire, something Rachel presented in the book. The nest egg theory is far fetched. I wish curriculum like this would be presented in educational institutions.
November 15, 2019
Money Honey spoke to a generation of young people who needed approachable financial advice. With Passive Income, Aggressive Retirement, Rachel Richards has leveled UP! This book has the same lovable, sassy tone as Money Honey, but the content is geared towards people who are already serious about their financial future and looking for the next step to optimize their life plan.
This book gives the essential details on precisely how to develop passive income streams. This isn’t a theoretical book with ideas on how passive income can be achieved. Rachel explains EXACTLY how to do it. She has first hand experience with several streams of passive income, and interviews experts on others.
I legit had to put this book down like 12 times to make notes because I was so inspired with ideas of applying this content to my own life and dreaming up ways to create my empire of generational wealth.
Enough reviewing for now. Please excuse me while I create my own online course, write a book, create downloadable content, start a vending machine business and also buy some rental properties. I am armed with the ammunition I need to do it all!
This book gives the essential details on precisely how to develop passive income streams. This isn’t a theoretical book with ideas on how passive income can be achieved. Rachel explains EXACTLY how to do it. She has first hand experience with several streams of passive income, and interviews experts on others.
I legit had to put this book down like 12 times to make notes because I was so inspired with ideas of applying this content to my own life and dreaming up ways to create my empire of generational wealth.
Enough reviewing for now. Please excuse me while I create my own online course, write a book, create downloadable content, start a vending machine business and also buy some rental properties. I am armed with the ammunition I need to do it all!
November 18, 2019
I'm Obsessed with Rachel Richards and her way of making all things financial seems so easy to understand! Her first book, Money Honey, was incredible and such an education in financial planning, saving money, and most importantly for me, paying down the dreaded credit card debt. So, when I heard she had a new book on passive income I JUMPED at the chance to get an Advanced Reader Copy. I have been looking for additional revenue streams (I love my job, and make enough to have a good living, but more money is more money!), to help pay down that debt and tackle my student loans. Rachel's "Passive Income, Aggressive Retirement" gave me everything I needed and more. She made things like social security and 401K, seem simple and relatable. I now have a laundry list of ideas on ways to increase my income, and I can't thank Rachel enough for bringing her books and ideas and writing style into my life. If you need a financial planning book, and are tired of listening to older people (mainly men) tell you what to do, Rachel and her books are like having coffee with a friend and getting the best advice you'd could hope for.
November 14, 2019
Not, going to lie....I thought I knew about Passive Income, but this book filled me in and gave me way more information than I ever knew. It also encourages and supports the reader in many ways to develop their own income streams without being self-promoting or overly-egotistical.
From explaining why we all need some passive income (her section on the demise of Social Security was legit amazing!!!) to details on how to get started in the five streams of PI, this book covers all the details on how to get started. I loved how Rachel gives real-life examples with her case studies and shares the good, bad, and ugly about starting different income streams. Such an easy read, not just for the millennial but for anyone who wants to break free of traditional employment settings. I'm 44 years old and my mind is blowing up with ideas on how to start. She is so encouraging, educational, and lighthearted. I highly suggest anyone read this!
From explaining why we all need some passive income (her section on the demise of Social Security was legit amazing!!!) to details on how to get started in the five streams of PI, this book covers all the details on how to get started. I loved how Rachel gives real-life examples with her case studies and shares the good, bad, and ugly about starting different income streams. Such an easy read, not just for the millennial but for anyone who wants to break free of traditional employment settings. I'm 44 years old and my mind is blowing up with ideas on how to start. She is so encouraging, educational, and lighthearted. I highly suggest anyone read this!
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