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It's Up To You!

December 29, 20233 min read

“The more you learn the more you earn, IF you take action!”

- Emma Powell

It's Up To You


So much confusion over words.

Retirement. Passive income. Financial freedom.

It helps to define the terms,but it really doesn't matter.

Even though Warren Buffett and Charlie Munger choose to work until they died, they didn't HAVE to.

Justifications for not achieving financial freedom such as,

"I like my job."

"I don't want to retire."

"I would get bored in retirement."

"I don't want to lose my purpose."


What if you were financially free, just imagine, and you could CHOOSE to work...or not...

Financial freedom is about freedom of TIME and CHOICE.

After that, there are no rules because you are FREE!

We CANNOT truly retire unless we are receiving passive income, meaning we we invest MONEY that works for us and trust SOMEONE else to manage that property or business or investment on our behalf.

Financial freedom is about having freedom of TIME, not money.

This type of passive income is a commonly accepted concept when people reach 65 and live on their IRA or pension. We KNOW when we invest in stocks that we have no control.

When we get to control what, when, how, and with whom we spend doing, that means we have control of whether and how we choose to work.


Passive income is a term thrown about a lot and can mean different things, so let's define the three types of income so we're all on the same page.

  1. Passive income is derived from investing MONEY and doing no work for the returns.(Example: any limited or "silent" partner investments such as investing money in another person's business whether real estate or other.)

  2. Residual income is derived from doing up front work and occasional maintenance: it can be differing degrees of "hands off," but it is not passive.(Example: delegating business activities so work happens both when you are or are not doing the work through employees, automations, outsourcing, etc).

  3. Active income is derived from earning money only when you are putting in time working.(Example: a job like a W-2, or business like a sole proprietorship or 1099 contractor where you get paid for completing tasks.)

It's important when diversifying to diversify sources of income not just by type of business, location, risk, but also by TIME input needed from you.


What we choose to do with our time in retirement is highly variable:

⚫️ Some want to visit every all-inclusive resort on the Mexican Riviera

⚫️ Others want to work or volunteer part time

⚫️ Still others want to work until they die because they truly enjoy the contributions they make.

⚫️ MOST of us want to enjoy a combination of all of the above when, where, and how we choose.

The common thread is CHOICE. We want financial freedom so that we can CHOOSE what "retirement" looks like.

Just think of the difference of working until you die to make ends meet or cannot trust others with their money, and someone who chooses to work for fulfillment and service even though they don't need the money.

NOT needing the money is where the magic happens.

Not needing it means that the money is coming in whether we work for it or not!

So if we're not working for the money in retirement, who is?

OTHER PEOPLE are working for the money, working for us using our money!

In real estate, we often talk about OPM (Other People's Money), but what's not stressed enough is that those with money looking to invest are using OPT and OPE (Other People's TIME and EXPERIENCE).

You CANNOT retire, even partially, without leveraging other people working with the money you invest passively.

Otherwise, you will work until you die not because you want to, but because you have to.

Learning to trust others to manage part or all of our money passively is the key to financial freedom and any type of time freedom.

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Emma Powell

Emma Powell is a seasoned commercial real estate investor specializing in multifamily properties. With a strong belief in the importance of knowledge and risk mitigation in investments, Emma has dedicated their career to mastering the art of passive real estate investing. Leveraging various financial tools, such as self-directed IRAs, 401(k)s, 1031 exchanges, dividend-paying whole life insurance, HELOCs, and discretionary income, Emma has successfully built a diverse portfolio while enjoying passive cash flow, tax advantages, and substantial returns.

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