Ep.057 - Passive Income, Writing, and Self-Publishing with Rachel Richards


"Find a problem in the market that hasn’t been solved yet and then go out and solve it for people”

Only 27 years old, former financial advisor Rachel Richards has made a name for herself in the personal finance realm. In 2019, Rachel quit her job and retired, with over $10,000 per month in passive income! She is the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement”. She has been featured on the Penny Hoarder and the New York Times and has been contracted to speak at colleges.

Rachel is also a real estate investor with 35 rental units. Her valuable money lessons have helped thousands of millennials work their way out of financial despair. She has successfully done what no one has done before: made the topic of money management fun, entertaining, and simple.

If you have questions about passive income, creating, and launching a book that needs to be answered, then this episode is for you!

We discuss:

  • How passive is a passive income?
  • How Money Honey started
  • Writing and launching the first book
  • Self-publishing or traditional publishing
  • What to invest on when publishing a book
  • Importance of market research from your target audience
  • Pre-selling an online course
  • The importance of beta versions of a course
  • A unique value proposition

Want to connect with Rachel Richards?

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

Passive Income Starter kit: https://www.moneyhoneyrachel.com/bonus


Are you currently in a launch and feeling stuck? Or about to get into a launch and you're not quite sure what your next move should be?

Then why don't you and I hop on a quick 20 minute Launch Chat and see if we can help you move forward. All you have to do is click on this link and find a time that works for you. https://calendly.com/kenwestgaard/20-minute-launch-chat

Looking forward to connect with you!


If you enjoy this episode and it inspired you in some way, I’d love to hear about it and know your biggest takeaway. Take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @kenwestgaard

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