Growing the Money with Rich Lennon

Episode 53: How Lending Pays Me $6,000 an Hour (And Gave Me My Time Back)


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What’s the point of building wealth if you never get your time back? For years, Rich Lennon chased passive income through rentals and flipping, only to find himself with no time, more stress, and yet another job. That all changed when he discovered private lending. Now? He earns $30,000 per deal, spends just 5 hours on each one, and gets to take random Tuesday mornings off to go fishing with his son.

In this episode, Rich Lennon breaks down exactly how lending works, where the time goes, and why this strategy finally gave him what he was really after: freedom. Whether you’re a tired landlord, a busy entrepreneur, or want more life in your life, this one’s worth a listen.


You’ll Learn How To:

  • Earn $30K on a deal without swinging a hammer or chasing tenants
  • Break down the lending process into simple, time-based steps
  • Avoid common mistakes during underwriting and drawing
  • Work fewer hours and grow your wealth
  • Use lending to create space for what matters: family, flexibility, and freedom

Who This Episode Is For:

  • Real estate investors who feel burned out by rentals or flips
  • Busy professionals looking for actual passive income
  • Parents and freedom-seekers who want their time back without sacrificing returns

Why You Should Listen:
Rich Lennon doesn’t just talk about money; he talks about why we chase it in the first place. This episode offers more than numbers; it’s a mindset shift. If you’re tired of trading time for income and want to start investing in a way that supports your life, not steals from it, this episode will show you how. 

What You’ll Learn in This Episode:

[00:00] The math behind $6,000/hour lending
[01:00] The 3 phases of a loan: underwriting, maintenance, and closing
[02:00] How Rich vets deals and chooses only 1 out of 3
[03:30] What the draw process looks like (and how to simplify it)
[04:30] Why the closing phase is easier than you think
[05:30] What “time freedom” really means—and why lending delivers it
[06:30] Rich Lennon’s personal “why” and the moment that made it all click

Follow Rich Lennon here:
Website: https://richlennon.com/
Facebook: https://www.facebook.com/rich.lennon.121
Instagram: https://www.instagram.com/richlennon92/

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Growing the Money with Rich LennonBy Rich Lennon

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