Episode 197 talks about navigating divorce as an entrepreneur, featuring Rachel Richards of Money Honey Rachel Inc. Listen now!
At the age of 27, Rachel Richards quit her job and retired. She is now living off $20,000 per month in passive income. Rachel is the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement.” She built a real estate portfolio of 38 rental units by the age of 26.
She is a former financial advisor, and has been featured in CNN and Business Insider. By making the topic of money management fun, entertaining, and simple for her 250,000+ millennial followers, Rachel has helped thousands of millennials work their way out of financial despair.
You can follow Rachel on Instagram, Facebook and TikTok. Download Rachel’s Free Passive Income Starter Kit today!
Episode 197 Highlights:
- Instagram vs. reality— As successful entrepreneurs who share a lot of their lives on social media, you probably couldn’t tell that Jannese and Rachel were navigating through a divorce last year at the same time they were running their businesses. They both get raw & real and talk about their stories of dealing with the grief that comes from a divorce, especially as an entrepreneur.
- The power behind passive income when going through a divorce— Rachel and Jannese talk about how and why passive income is so important for women to have, especially when it comes to dealing with a divorce. Not having the stress or burden of worrying about how you’re gonna pay your bills and all the costs that comes with divorce hits different. WE NEED TO BE FINANCIALLY INDEPENDENT, Y’ALL!
- Dealing with the logistics of a divorce as an entrepreneur— Jannese and Rachel have 2 very different experiences when it came to splitting assets and dividing things up between their ex-spouses. If there’s one thing you take away from this week’s episode… GET A F*CKING PRENUP!📣
- The financial impact of a divorce— We’re sold a dream from when we’re kids around the idea of marriage, the lavish wedding reception, the beautiful white gown & living happily ever after with our Prince Charming… but what isn’t spoken of is how a divorce can literally destroy some peoples finances. Rachel shares her own experiences on how getting a divorced without a pre or postnuptial agreement affected her dinero.
- The biggest mistakes they made in their marriages & divorce— Rachel and Jannese talk about the things they wish they did differently both financially & emotionally in those relationships and what they learned from it. We’re getting super vulnerable in today’s episode, y’all!
- And more!
Divorce isn’t a sexy conversation to talk about, y’all… We get it. No one enters into a marriage or relationship thinking it’s going to end. But, it’s a reality that many of us will face at one point in our lives. And it’s important for us to have these uncomfortable conversations because THIS IS REAL LIFE!
While Jannese and Rachel’s situations looked completely different, one thing was for sure… Maintaining your independence (especially financially) is ESSENTIAL. What you experienced in the beginning of your relationship may not necessarily be the way it will end. We hope listening to this conversation resonates with whoever needs to receive it and helps you figure out what decisions you need to take a look at in your own lives.
Thank you to Rachel for coming back onto to the show to have this vulnerable AF conversation that needed to be had. We appreciate your realness, sis!
Listen to Rachel’s 1st episode “How To Create Passive Income” here.
Loving episode 197? Leave us a review if you’re listening on Apple podcasts and be sure to follow us on Instagram, Facebook, Twitter and YouTube!
Until next time, stay empowered, stay inspired and #staypoderosa ✨
Watch the full interview on our YouTube channel! Subscribe here.
Get our exclusive Yo Quiero Dinero® merchandise available now!
click here to purchase
WANT TO KICKSTART YOUR FINANCIAL JOURNEY?
Download our FREE 14-page guide covering all the topics you need to start making your dinero moves. Visit here. From money mindset, to budget basics, we’ve got you covered.
Check out these YQD™ Partners:
BetterHelp— Professional Support When You Need It, At The Fraction Of The Cost Of In-Person Therapy. Get 10% off your first month!
HelloPrenup— Need a prenup? HelloPrenup is a lawyer-free prenuptial agreements platform. No divorce lawyers, low cost, and fast!
Trust&Will— Helps you create the important documents you need for official estate planning, including your Will, Power of Attorney, and more.
