AREI 20: Keeping a Balance Between Learning and Fear with Emma Powell
It’s a great thing to learn from other people’s mistakes, but that doesn’t mean we have to stay in fear. Today’s guest, Emma Powell, talks about that in this episode. Emma is the owner/operator of Highrise Group along with her husband of 23 years, Troy Powell, acquiring 92 units in their first 18 months. They have extensive property management and construction management experience, as well as partnering in a variety of deals as a private lender, deal sponsor, co-owner, syndicator. Emma is also a former real estate photographer. Emma specializes in small business project management with a BS in Business Administration and Entrepreneurial Management with a certificate in Marketing Graphic Design. As key credit partners and owners on several properties, Emma and her husband have experience building teams to creatively get transactions to the finish line.
In this episode, Emma shares her thoughts on parenting, decision-making, and dealing with fear. She talks about why we should keep a balance between learning from other people’s mistakes and staying in our fear zone. She expounds on how why you should consider other people’s mistakes as lessons, and not as a hindrance to growth. Join us and listen in!
[00:01 - 09:06] Opening Segment
We introduce Emma to the show
Emma shares her background
Starting out as a real estate photographer
Being into graphic design
How she got into real estate investing
[09:07 - 27:37] Learn from Other People’s Mistakes, But Don’t Stay in Fear
Emma talks about being a mom and a real estate investor at the same time
How she is as a parent
What she teaches her kids about decision-making
Setting an example
Being an expert vs. being an advisor
The importance of learning from other people’s mistakes
Being motivated by fear
‘Packing your fears’
Why you still have to evaluate every situation
Overniching yourself
Don’t judge people, but judge decisions
[27:38 - 35:47] Closing Segment
Asking Emma the Adventurous Four
How you can connect with Emma
Closing words
Memorable Quotes:
“The best parenting advice is usually good business advice, too.” - Emma Powell
“I think humans tend to learn better from bad decisions because they're more impactful because of that fear.” - Emma Powell
“Don’t judge people, but you certainly should judge situations and decisions in life.” - Emma Powell
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Until next time...
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