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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

Aug 25, 2020

Have you ever wanted to walk away from your job and never look back? At the age of 27, Rachel Richards quit her job and retired. She is now living off of $15,000 a month in passive income. In this episode, Rachel shares what pushed her to get into real-estate investing and how she did so with a small amount of money.

Listen in as she explains the importance of diversifying your income so you have a steady stream coming in from multiple sources. If you want to achieve financial independence and income security, this is the episode for you.

I use the words 'retired' and 'financially independent' interchangeably. So it’s not that I am not working, you know. I still have a purpose, I still have things I am passionate about. Right now it’s just about working when, where, and if want.” - Rachel Richards

This Week on Young Money:

  • Why it is okay to say “no” sometimes.
  • The importance of reading.
  • How to get into real-estate with a small amount of money.
  • Tips for diversifying your income.

Key takeaways:

  1. Choose projects that are important to you. 
  2. Mental health comes first.
  3. Invest at a young age.
  4. Lower your interest rate.

Connect with Rachel Richards:

Resources Mentioned:

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