As for what it is that the 21-year-old wants to do, she said that she's still figuring it out, noting that modeling isn't the only thing she wants to pursue.

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As for what it is that the 21-year-old wants to do, she said that she's still figuring it out, noting that modeling isn't the only thing she wants to pursue.

"A lot of people just become models because they're influencers," Richie explained. "We would all get the same jobs, be in the same space and be labelled the same thing, and I hated it. It made me step back and be like, ‘OK, I'm a creative individual and I want to be smart, start my own businesses, do something I can do on my own and not be attached to other people.'"

In addition to kickstarting her bikini line and launching a beauty company, Richie teased that she's been working with an acting coach and also wants to use her platform to start a dialogue about mental health, noting that she suffers from "severe anxiety" and would experience "zero-to-a-hundred panic attacks."

"It's time to start hustling. 2020 is about no fear, and I'm doing things that would usually make me very uncomfortable," she said. "This year, I'm not scared to fail. I don't think there's necessarily failing. It's just learning and growing."