Beyond Retirement

Rachel Richards left the 9-5 working world at the ripe old age of 27. How? By leveraging her understanding of finances and passive income.

She wrote her first book, Money Honey, in 2017 and it was a huge success. Suddenly people had a book about finances that wasn't mind-numbingly boring and dry as dust!  At the same time, she and her husband began investing in the real estate market, purchasing their first duplex. The resulting rental income, along with royalties from her book, provided them with an income allowing Rachel to quit her job and retire, the bottom line being that once your passive income exceeds your expenses, you no longer need to earn more money to live on.

Check out Money Honey here

Of course, that doesn't mean Rachel has stopped working! She is a dynamo, always looking for the next project. Her second book, Passive Income, Aggressive Retirement, is also a bestseller and they now own more than 40 rental properties.

Check out Passive Income, Aggressive Retirement here

Rachel gives some recommendations for getting ready to retire:

1. Pay off all high interest debts
2. Ensure you have an emergency fund of at least 3-6 months' worth of living expenses
3. Invest money where it will grow

When all these steps are in place, THEN it's time to start looking at passive income.

Timestamp 17:06 - Find your passion - Rachel offers some questions to help you sort this out.

You can find out more about Rachel through any of the following links:

Website: https://www.moneyhoneyrachel.com
IG: https://www.instagram.com/moneyhoneyrachel/
Facebook: https://www.facebook.com/MoneyHoneyRachel/  

And if you go to her website you can get her bonus Passive Income Starter Kit

I talked about a few of the online marketplaces where you can get products and become affiliates for various products. Here are links to some of those platforms:

Cickbank: https://www.clickbank.com/

Warrior Plus: https://warriorplus.com/

JVZoo: https://www.jvzoo.com/

And don't forget that I gave you some homework! You can send your list to me at: [email protected]

I'd like to mention also that if you're interested in affiliate marketing, one place to learn about it is through Wealthy Affiliate. This platform offers complete training and a community of support and encouragement. A great place to start!

Dan Schaeffer has been around the internet for a lot of years...he just turned 74 shortly after this episode was recorded, and he's firmly entrenched in the world of internet marketing.

Now living in norther British Columbia, Canada, he has travelled through many countries and has done his fair share of selling stuff. He figures he's pretty good at it and he must be right on the cusp of having his internet marketing efforts take off.

But he's quick to say that it's not an easy place to make your mark. It takes some effort, and you have to be willing to learn some new things along the way... but since the world is moving forward, we need to jump on and get with it, or we're going to get left behind.

His advice is to start planning for your retirement well before it's upon you... start doing the things you enjoy and get better at them. It's always possible to turn hobbies into income streams, if you put a little bit of time and effort into them.

He's got a website/blog devoted to healthy living with diabetes, because his wife has the disease. You can find out more about him and NewsToLose.com

Dan's willing to chat with anyone and always ready to lend a hand in getting someone started in their online business. He's just a phone call away and lots of fun to talk to! He can be reached at 250-650-1845.

Some of the highlights of this episode are:

1. Fear of leaving your job is normal
2. Grab the opportunity when it pops up
3.  Identify what people see as your skills

FEAR -  Forget Everything And Run 

or is it

FEAR - Face Everything And Rise

Nelson Mandela's definition:  “Courage is not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.”

The only sure way to fail is to never start.

**********************************************

Fear kills more dreams than failure ever will.

Ron's message is that you need to take the chances and the risks now, when you have the opportunity. There will be a time to back-pedal if you need to do it later, but you'll never have a better time to take that plunge than NOW.

It doesn't matter what the "plunge" is - like planting a tree, the best time was twenty years ago, but if you didn't start back then, at least start now. You will always have worries - should I wait till I save more money, should I wait till the kids are older, should we pay off our debts first...etc. But those doubts are a self-preservation technique ingrained into us by a brain that's programmed to "keep us safe".  

Something that helped Ron & his partner to start seeing the success they're having is the realization that they weren't positioning themselves as the experts at what they do. Instead, they were being reporters, letting other people take the limelight. Once they made that discovery and changed their point of view, the trajectory of their business shifted.

Now Hindsight Hacking Media is on its way to its rightful place in the podcast publishing space.

You can find out more about Ron, his partner Cory, and Hindsight Hacking Media through the following links:

gethhm.com

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