The School of Greatness - How to Transform Your Mindset Around Money & Negotiating w/Ryan Serhant EP 1098

Episode Date: April 16, 2021

“People want to work with people they like. Kindness will always take you further than any other emotion.”Today's guest is Ryan Serhant. Ryan is the CEO and founder of SERHANT., his real estate co...mpany. Ryan is one of the most successful real estate brokers in the world, averaging a billion dollars in sales every year.In this episode Lewis and Ryan discuss the most important principle around making money, the secrets to winning any negotiation, how to make more money at your current job, the next 3 steps you should take if you’re feeling financially stuck, and so much more!For more go to: www.lewishowes.com/1098Check out his book: Big Money Energy: How to Rule at Work, Dominate at Life, and Make MillionsCheck out his website: www.ryanserhant.comDaymond John on How to Close any Deal and Achieve Any Outcome: https://link.chtbl.com/928-podSara Blakely on Writing Your Billion Dollar Story: https://link.chtbl.com/893-podMel Robbins: The “Secret” Mindset Habit to Building Confidence and Overcoming Scarcity: https://link.chtbl.com/970-pod

Transcript
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Starting point is 00:00:00 This is episode number 1098 with New York Times best-selling author Ryan Serhant. Welcome to the School of Greatness. My name is Lewis Howes, a former pro-athlete turned lifestyle entrepreneur. And each week we bring you an inspiring person or message to help you discover how to unlock your inner greatness. Thanks for spending some time with me today. Now let the class begin. Oprah Winfrey said, do what you have to do until you can do what you want to do. And Benny Lewis said, the difference between a stumbling block and a stepping stone is how high you raise your foot.
Starting point is 00:00:43 My guest today is Ryan Serhant, who is the CEO and founder of Serhant, his real estate company. And Ryan is one of the most successful real estate brokers in the world, averaging a billion dollars in sales every year. He is also co-star on Bravo's hit show, Million Dollar Listing New York, and the author of the national bestseller, show, Million Dollar Listing New York, and the author of the national bestseller, Sell It Like Sirhant. He's written a new book called Big Money Energy, How to Rule at Work, Dominate at Life, and Make Millions. And in this episode, we discuss the most important principle around making money, the secrets to winning in any negotiation. And Ryan realized he's never talked about this before publicly, and it's that crucial
Starting point is 00:01:26 to his success. How to make more money at your current job, the next three steps you should take if you're feeling financially stuck, and so much more. If you're enjoying this, please share it with someone that you think would be inspired to listen to this as well. You can just copy and paste the link wherever you're listening to this, or send people to our show notes for this episode at lewishouse.com slash 1098. And if this is your first time here, click the subscribe button over on Apple podcast right now or on Spotify and stay subscribed and
Starting point is 00:01:56 up to date from the latest and greatest from around the world of the top minds on how to unlock your inner greatness. Okay, in just a moment, the one and only Ryan Surant. Time is so precious, and Expensify makes it easy for you to get paid back. Simply put, Expensify makes it easy to manage your expenses, bills, invoices, travel, and business slash corporate card spend all in one place so you can focus your time elsewhere. You can get reimbursed as soon as the next day. And if you have to travel for work these days, business slash corporate card spend all in one place so you can focus your time elsewhere. You
Starting point is 00:02:25 can get reimbursed as soon as the next day. And if you have to travel for work these days, Expensify offers lots of supported features for the modern day traveler, such as automatic international currency conversion, concierge for all your travel needs, real time notifications, and mileage tracking. Expensify is the most widely used expense management platform in the world with over 10 million users. They're built for the small business, but strong enough to support the complexity that might be needed for companies of all sizes. Visit Expensify.com slash greatness to get started with a free trial. That's Expensify.com slash greatness. Welcome back, everyone, to the School of Greatness podcast. Very excited about our guest. Ryan Serhant is in the house. My man,
Starting point is 00:03:12 good to see you. Good to see you. I'm excited to connect because I've known you for a few years. I've been watching your stuff on Bravo for a while, but I love the idea that you didn't know real estate and then you learned it. In your first year, I think I read that you didn't know real estate and then you learned it. And your first year, I think I read that you'd only done like $9,000 in transactions. And then over a decade later, you do the second largest sale in the U.S. history of a private home for $134 million in one transaction. transaction. So to go from someone who didn't know a skill, real estate at all, to not really doing well in the first couple of years to then selling one of the biggest sales in US history is pretty phenomenal. And the lessons you've learned along the way is inspiring to me. So I'm excited that you're here. And my first question for you is, what is your greatest
Starting point is 00:04:05 fear now that you went from nothing in real estate, have built this massive brand, and continue to achieve more and more success? What's the greatest fear while you're at this level of success moving forward? I think my biggest fear now, well, I think a lot of our fears stay the same, right? Like I still get scared about money, but it's relative now, right? It's different fears. Like when I first started, it was how am I going to pay rent, right? It's $1,100. What do I have to do to make $1,100?
Starting point is 00:04:43 And then what do I have to do for more money so that I can pay for food? And you don't even think about savings that way. Like you're just, how do I get through each month? Now it's, okay, so I just rented the Tommy Hilfiger headquarters, 15,000 square feet. It'll be the biggest office and retail lease in Soho this entire year.
Starting point is 00:05:04 I have to pay for that personally. How much do I have to sell so that I can pay for that? I got to build it out. And the build out is a million dollars in cash. How much do I... So those fears are always there. I'd say my biggest now is honestly um it's not letting down my daughter um who i now have i didn't have a kid back then so i have a baby girl now xena she's two she's you know she kind of wakes up a little bit more every day um and she is getting more and more aware of me and my being there and my not being there. Um, and I've, I feel like I've spent so much time trying to figure out myself and what works well for myself and how I work and how I do this and how I can be successful and how I can make money and how I can sell things that like, I don't want to let her down by one, not being there,
Starting point is 00:06:06 but also not teaching her the right way. And am I teaching her the right way? And she's not an employee. She is a baby. And how do I be careful with her? And how do I, you know, like those are my, my that's, that's like, she is my, my biggest excitement, my greatest joy, and also my biggest fear at the same exact time. Um, that coupled in, you know, a continuous fear of failure, right? Like I, I, I set this thing up. I started this business in the middle of a pandemic. I'm doing this stuff.
Starting point is 00:06:41 I, I can't fail because I also don't want to let everybody else down. Just like yourself, there's agents all around the world who follow what we do and have gotten into real estate because of us. And now I got to sell more just to keep them inspired. There's weight there that I definitely feel. there's weight there that I definitely feel. Yeah, the bigger we get, the more pressure or weight that there is for sure until we learn how to manage it. I'm curious, it sounds like you have a great connection to your daughter and it's made you think in a different way as a human being
Starting point is 00:07:19 than before you had your daughter. If you could only share one principle around money with your daughter If you could only share one principle around money with your daughter and you could never share another principle for the rest of her life, what would that one principle be? Scared money don't make money. What does that mean?
Starting point is 00:07:38 I mean, it's from a rap song, but what it means is you can't put money on a pedestal. You can't be afraid of it, right? Money is a resource. It is there. The minute you're afraid of money, the minute you're afraid of anything,
Starting point is 00:07:55 that thing wins. And it's always you versus the thing. It's you versus food. It's you versus money. It's you versus religion. It's you versus that guy, that girl. It's you versus food. It's you versus money. It's you versus religion. It's you versus that guy, that girl. It's you versus traffic. The minute you get afraid of it, then it wins. And you can talk about how, well, it's not all about winning and losing. It's about enjoying
Starting point is 00:08:18 the game. And I get part of that, but I also don't. And I want her to know that money is a resource and it is there to provide her with options. So I don't ever want her to be afraid of it. I don't ever want her to be too excited about it either, right? To be so afraid of it, she gets so obsessed with it because that is also not the right way. And, you know, you've got to be able to spend money to make money we were just talking about that before we started right like i have always put myself in uncomfortable financial situations because i know myself and i know that i will fight my way out of it so that future Ryan, looking back in time, will say, hey, remember?
Starting point is 00:09:09 Remember when I was afraid of rent? Now look what I'm afraid of. And I think it's tough for people to learn that, that if you're scared of money, you will not be able to make money and you will let money rule your life and control your life and you will forever be a slave life and control your life and you will
Starting point is 00:09:25 forever be a slave to rent you'll forever be a slave to the dollar you'll check your bank account 10 times a day out of anxiety or you'll never check it because you're so nervous about what's not in there um uh and then you'll just become another cog in the wheel of society and you'll just become a worker bee and that's uh uh i don't want her to do that you know i want her to know that especially now in the 2020s man in the you know the 2020s the 2030s the 2040s like she she can do whatever she wants she can be whoever she wants she can be the president she could She could go with Elon Musk's little kid whose name I don't know and go start a new business on Mars. Let's go. Whatever you want to do. Do you feel like every time you hit a new level of financial opportunity, financial gain, success, do you feel like the old fears come up? You've
Starting point is 00:10:26 got to spend 20 times more in rent than you ever have before. Is there the same fear or do you feel like you can ever master the fear no matter how much more money you're dealing with? I don't know if you ever master anything. I think you make things relative and I think you keep pushing, but it also depends on what makes you happy, right? Like I am the type of person, and I know this about myself, I am not going to be happy in a nice three bedroom house with a fence and like a car and the ability to go on vacations and just like live an awesome life. Like that's an awesome life for so many people. And I, and I envy those people who can be okay with that. Um, I am not okay with being okay. Um, and you know, I have always wanted more, not out of greed, but kind of like a mountain climber,
Starting point is 00:11:24 right? You talk to the, you read the interviews and the books and the podcasts, the guys that have climbed Kilimanjaro and Everest. It's like, dude, why the, would you do that? Like it's, you know, you don't have to climb the mountain. You can go around. You're like, I climb it because it's there. Like they can't not, you know? And I, and I feel the same way about my own life, my own career. You know, there's so many paths I could have gone down that just definitely wouldn't have worked out. But if you can find that one where things start to work a little bit, like you get like, take it as far as you can,
Starting point is 00:11:54 because who knows when you'll get that opportunity again, and life is really, really, really quick. And then the next thing you know, COVID, and you have the blood type, that is not going to be okay. And I wish I had just taken advantage of that opportunity last year. And I never want to be the type of person who says, if only, like that, I think. I wish I would have. Yeah. If only are probably the two scariest words that I can think about. Because before I know it, I'm going to be at a point in my life and older where I hope not, but I could look back and say, well, if only I'd done that when I was 30, 36, 15.
Starting point is 00:12:40 And I understand that regret is a part of life and there's always going to be mistakes. There's always going to be things we missed. If only I'd bought Bitcoin at a hundred bucks, you know, stuff like that. But I'd rather regret the things I did than the things I never tried. What's some of the greatest lessons or lesson
Starting point is 00:12:59 you've learned from some of your clients? Maybe they weren't actually even trying to teach you something, but just by their energy, their way of being, of you showing the homes or the conversations you had with negotiations or just their approach to life, was there any few lessons that have really stuck out from maybe the uber successful billionaires or in the first couple of years when you were just working with people that were maybe buying less fancy homes? Oh, man. I feel like I learned something
Starting point is 00:13:33 from every single one of my clients because they come from a different walk of the earth that I've never been on. We all have our own journeys. We all learn our own lessons. I've never been on, right? Like we all have our own journeys. We all learn our own lessons. I'll say like, if I dig down, you know, one of my first rental clients ever, cause you know, I, I got into the business at the end of 2008 so that I could stay in New York city so that I could pay rent. Right. And so real estate was way better than waiting tables or bartending or getting a temp job and being a receptionist or going back to school or moving home. And so I would post ads for rental listings on Craigslist. I'd meet people on the corner of Christopher and Greenwich, and I would get lost with them in the West Village trying to find
Starting point is 00:14:19 that walk-up building to go up six flights of stairs to hope to God the door would be left open for me because if it's not, then I'm the worst. And trying to rent apartments for $1,000 to $3,000 a month, right? That was nearly two years of my life. Man, I wish rent was that cheap right now in New York. Yeah, right? Credit to Christopher for $1,000 a month? Give me that rent. No, that was more like Avenue D. And that was like run real fast to get up there yeah yeah uh but i had like i had one client a girl her name was jessica and she you know was renting an apartment her and her two
Starting point is 00:14:56 roommates um and so we were looking kind of like ideally a three bedroom but they couldn't afford it so we were just going to look for a one bedroom that could be cut up into three bedrooms. And she had her parents on the phone the whole time because they were guaranteeing it and they couldn't be there. And I got lost. And I wasn't, West Village, I wasn't familiar with the West Village.
Starting point is 00:15:16 I didn't know the streets. I knew the grid because I lived in Koreatown. I lived on 31st Street in Broadway. I knew the grid, right? It goes from east to west, north to south. Like you can figure it out. You go to the West Village and you're like, oh, so these roads were created by horses
Starting point is 00:15:31 and no one ever changed it. So I guess I got to figure that out. And I got lost. And I got lost like twice. The first time I kind of sold my way through it. The second time I didn't know where I was going and I couldn't figure it out. And I didn't have an iPhone back then, right?
Starting point is 00:15:49 This early 2009. And she told me on the street that I was the worst. She regretted calling me and that I should never be allowed to do real estate with anyone ever. Wow. And left. And I quickly ran the
Starting point is 00:16:05 other way. I think I had like tears in my eyes. But that lesson was know your, like no matter what, doesn't matter how long you've been in any business, doesn't matter. Everything goes out the door. But the one thing I could control was I could have researched better. I could have prepared better. The tour that I was going to take her on, I could have woken up an hour earlier and done that tour because I knew I didn't really know where I was going. I just was lazy, right?
Starting point is 00:16:33 I didn't have the time. I was like running. I found other things to be busy with. I just figured I'd figure it out. And she probably, she'll never call me ever again. I still think about her. Jessica, if you're listening, I'm sorry that we got lost in the West Village. I still think about her. Jessica, if you're listening, I'm sorry
Starting point is 00:16:45 that we got lost in the West Village. I should have done my homework and done that. But know your- I'd say a little while after that, I met a client, an international client who really was the light bulb game changer for me because I had zero confidence in myself. No one knew me in New York City.
Starting point is 00:17:11 I made the determination at that point, okay, if I'm going to stay here and do this, I want to be the best. I want to be the best real estate broker ever. I know I'm not from here. I don't look like the best real estate broker. I definitely don't blend in, but I can figure it out. And no one would buy it no one would believe me I was super young you know I was in my early 20s and I had premature gray hair at the same time
Starting point is 00:17:30 so it was just sort of weird and I didn't go to the schools here my family's not from here so the best agents in New York City the ones who make millions and millions and millions of dollars
Starting point is 00:17:39 have all that and then this international client reaches out I super get lucky and she flies into New York. And I just had this light bulb moment of saying to myself, you know what? I am going to be the greatest salesperson in the world for her. I'm not going to mess up like I did for Jessica or like I did for a bunch of other people. I'm going to know my, I'm going to memorize everything.
Starting point is 00:18:05 I'm going to fall back on the information that I have in my brain. And I'm going to present myself like the real estate agent I want to be in five years. And she's going to see that person. I'm going to put on a show, right? Like I came to New York City to do theater. I'm going to put on the best performance of my life. And let's see what happens. And it worked. And she bought an apartment for $2.1 million. And it's not the biggest deal I've ever done in my life, but that commission I think was like 24,000 bucks,
Starting point is 00:18:37 something like that. That was two years of rent. It gave me some breathing room. She proved to me that I can be whoever I want to be. I just got to believe in it. And I got to tell people. Those are probably the two biggest lessons that I learned early on in my career. I've learned lots of lessons since then, but those were two important ones that really shaped how I carried myself and started working on my career and building my brand going forward.
Starting point is 00:19:05 That was 11 years ago. How did you learn to believe in yourself when you didn't have the credibility or the skills yet? I realized that the most confident people in the markets that I was dealing with, so the most successful people, the most successful agents, brokers, developers, bankers, whatever, right? They carry themselves with confidence because they played the game like they already had the money in their pocket. They weren't desperate. There's no desperation. They walked into the room like they already won. And this was their second time coming here, right? Like they already had the master's jacket.
Starting point is 00:19:47 They already had the green jacket at home. This is the second time. And they could keep calm. They could keep their nerves. And they always relaxed on the fact that I played this hole before, right? I've been here before. Even if they hadn't, they practiced it so well and studied it and rehearsed it and learned it and knew the gradients and knew everything that even if this is the first time
Starting point is 00:20:09 they're hitting the ball on this ball, it's as if in their core, they've done it a hundred times. And so they could believe in themselves as being the greatest golfer. And so for me, it was, okay, all I have to do is memorize information, study the information, know what I'm talking about, and then I can always fall back on facts, right? And then I just have to then believe that the facts will help me tell the stories and do the deals. And then I just have to be a person and that's it. And I think I can be great right
Starting point is 00:20:46 like i i looked at all these people that were doing what i was trying to do and they were doing much better than me and making way more money it's like wait a minute i why not me right like it said you know if only are the two scariest words in the english language for me uh why not me are the three most motivating words in the English language for me, because they always push me to, to, to do a little bit more. And so I would say that's how I was able to kind of like build that confidence was just learn the information, right? Learn everything about a certain area. And that's how I'm going to beat the internet, right? Because these people can buy on the internet now, you then and now especially they can sell on the internet they don't need a real estate
Starting point is 00:21:28 salesperson you know real estate agents are going out of business they're going out of style who needs a human anymore turns out humans need humans to help them make decisions and until a house figures out how to sell itself to another house we'll be there as long as we know more and can discuss the information. And that gave me the confidence to then move forward. And then I would do one deal and I would just scream it from a mountaintop so that the success of today would beget the success of tomorrow and then just keep pushing and pushing and pushing. And then here I am 13 years later. And what's the greatest strategies you've learned about negotiating down and negotiating up? You just negotiated down, I think you said a big amount off of rent for your new office space, but you also negotiate up to try to get the maximum out of
Starting point is 00:22:28 selling as well. So when you're buying and you're want to, what's the most you've taken off of a listing price that you've helped someone buy and purchase? And what was the strategy for getting it to that much off and also in the reverse above listing? Can I tell you something that's so interesting about that question? I've done a lot of podcasts. I do a lot of talking about real estate for 13 years. No one has ever asked me how to negotiate. And I don't know why.
Starting point is 00:23:03 You were the first guy to ask me how to negotiate. And it's what I do't know why. You were the first guy to ask me, how did it go? And it's what I do all day long. It's so, people are like, well, how do you close and talk to me about this, that? It's so interesting. And I wouldn't have known to tell you
Starting point is 00:23:16 to ask me that question. Like if you had said, Ryan, what's the one question? I wouldn't have jumped to that. And I also don't know why, but to answer your great question. Well, the reason I ask is because I feel like anyone listening, and myself, I've never purchased a home. I've done investments and stuff like that, but I've never purchased a home. And I'm
Starting point is 00:23:32 always thinking, okay, and you triggered it by saying, well, I got this lease for way more than the asking price off. I'm like, well, how do we negotiate down a car a house or whatever and how do we negotiate up to get a premium on what the market is offering what is the psychological strategies what is any strategy done in an ethical manner in order to do that isn't an energy thing is it psychology is it uh you know the approach what are all these things that you do? And what is the biggest down negotiation you've had and the biggest up? And then what are the strategies? Sure.
Starting point is 00:24:10 So there is an amazing movie starring Matthew McConaughey called The Ghost of Girlfriend's Past. Okay. It's classic. Everyone should see it. At the end of that movie, Michael Douglas is like his dead uncle
Starting point is 00:24:28 who taught him everything he knows about dating. And he's got a scene where he says, the one in the relationship who has all the power is the one who cares the least. And that is true for any business negotiation, house negotiation, promotion negotiation, anything. What if you really want it? You really want it, but you can't show it.
Starting point is 00:24:51 Yeah, I'll get to that. So how to negotiate down is by far the easiest because all you have to do is not want it. You have to be willing to walk away you have to be willing to be okay with loss and know there are other options so the biggest discount i've ever gotten was probably um i would say uh this summer the past summer that just happened so listen covid hit and destroyed new york. A million people left New York City. Wow. The real estate market was soft here to begin with because of oversupply and it got real bad. Like transaction volume dropped by over 80%
Starting point is 00:25:34 when COVID hit, disaster. So the lowest market, I think, in real estate history was this past summer. So I had a buyer, which means it was a great opportunity to buy for to buy and for opportunists who who know that you don't bet against new york city like and so uh there was a seller at a building called 157 west 57th street okay um they bought this apartment for 34 million dollars years ago oh. They outfitted it with about $2 million worth of upgrades,
Starting point is 00:26:07 audio, furniture, everything. So $36 million in. $36 million in. It's been on the market for a while. They'd cut the price down. They're losing money. They're losing money. What were they trying to sell it for?
Starting point is 00:26:19 I think they started really high, and then they, like everybody. Like $50 million or something? Yeah, I don't remember if it was that high, and then they, like everybody. Like 50 million or something? Yeah, I don't remember if it was that high, but then they went down. I think they eventually got down to like 25. Wow. So they were willing to take a $12 million loss because they own it in cash. And so it's like, what else can I do with the money?
Starting point is 00:26:39 And listen, people are like, oh, I lose so much money in real estate. You don't lose money if you don't sell. So the asset is worth something when you buy, and it'll always be worth more at some point, unless you need the money today. If you need the money today, yeah, sure. Could you lose money? Yes. Which is why cash flow will kill you.
Starting point is 00:26:58 But anyway, so I had a client who just wanted a great deal. He's like, listen, I don't need to buy anything in New York City. I don't even know if I would ever even use it. But if you buy me a deal of a lifetime, I'll buy. If you buy me a good deal, I'll buy. And so that to me is a challenge. Where I say to myself,
Starting point is 00:27:13 all right, all right, dude, let me see what I can find you. So I see this apartment. It's been on the market for a while. I say, let's go see it. Sees it. Okay, all right. What do you want to offer?
Starting point is 00:27:24 15. Right now it's around 24 at this moment 20 at 25 yeah so we offered 15 million okay this guy's in it for 36 we offered 15 which is 10 million off the current ask which is already reduced by a million yeah yeah yeah um and long story short, fast forward, uh, we held firm for four months and he just said, listen, I'll buy it, but I don't need it. And we went out and we saw other things, but at the same time, I kept pushing him a little bit, like, cause I want to get a deal done. So let's go 15, two 50, right?
Starting point is 00:28:03 All right, fine. Give them another two 50. It's not going to, it won't do anything. But I slowly, slowly, slowly got them to come down 22, 20. So you could tell they wanted to do a deal, but the one in the relationship who has all the powers, the one who cares the least. So we, I got them up to 16 and a half and we held firm.
Starting point is 00:28:24 They came back finally at 16, 750. And that was the hardest negotiation I'd ever have to do is get them up $250,000. Shut up. Because he's like, I don't want it. I'm already up more than I want. Yeah, exactly. He's like, I don't need this. Why are you buying? I'm not buying this. And I, again, went through the whole process. I explained to him the value. It's like, the money doesn't mean anything to you and you're buying this for 51% off. This is going to be the biggest luxury discount trade in the history of New York City. And we closed.
Starting point is 00:28:54 And that's exactly what it was. CNBC, CNN, every single press. But you can look up the deal. It closed last summer. Or sorry, it was summer. It closed towards the end of the year, actually, probably. You know what? I think it closed in December. And he bought it for 51 off wow since then
Starting point is 00:29:10 the market's totally rebounded so that was holding firm and saying basically saying hey please sell to someone else by all means please sell to someone you can find a buyer, go ahead. Sell to somebody else. Negotiating somebody up is a different story. It's the fear of loss, but on the total opposite side. I got a good offer here. Should I just take it and not go for more? Sure. But if you're trying to get a buyer to pay more money, then you're working on what we call the difference between a want and a need. So how do I make a want a need?
Starting point is 00:29:52 So this guy might want something. Yeah, sure, they want it. But I'm only going to get him to pay more if I convince him that he needs it. And so you have to then look for people's points of fear. And so you have to then look for people's points of fear. If he doesn't get this, what triggers that fear? Like, what's he going to be afraid of? Is it finding something else that's as nice? Is it doing the whole process all over again and going and trying to find something else?
Starting point is 00:30:18 Is it his wife is going to be pissed? Is it they won't be in the school district? Whatever it is, that fear. And you do this on both sides. For any negotiation, a tip is, and I write this down. If you're in between one side and another, you write down what makes the other side afraid, what makes that side afraid. And you play towards those fears to get the exact number you want.
Starting point is 00:30:41 And oftentimes, I'll pick the number ahead of time before I even start to the negotiation. And more often than not, I always get my sides to the number I knew that they were going to come to anyway. How do you ask what their fear is without asking them what their fear is? You talk to them just the same way you talk to people. You ask questions. The greatest thing any adult likes to do is hear the sound of their own voice. Talk about their life, yeah. Talk about their life. Talk to me.
Starting point is 00:31:10 Let them yell. When clients yell and scream and get angry, it shows to me that I'm getting closer because they would not exhibit that emotion if they didn't care. And the one who cares the least how's all the power so if you're yelling and screaming at me because fuck that guy and i'm not doing this and screw him and you're hanging up the phone you're calling me back or you're gonna text me tomorrow or you're gonna email me in three days where can we get that can we get that yeah right so um i would say i dude the deal we just did in uh uh in palm beach right um uh he was looking at things that were in the 10 to 20 25 million dollar range and he went for 134 and he paid 134 that's crazy yeah but to understand so what's the fear there, right? If you start to look at those types of buyers
Starting point is 00:32:07 who have that type of money, the fear there is one, you're gonna buy a house that is gonna be out of market in 12 months, right? So do you really wanna even spend, if you had the money, do you wanna spend 20 to have a house that's gonna be dated in 12 months, to have a house that's gonna be rebuilt by somebody else that'll be worth even more? Do want to be driving by other people's houses that
Starting point is 00:32:28 are nicer that you could 10 times bigger yeah exactly um uh also there's a tax play um and so how do you upsell um when you play to the fear you turn a want into a need, and then you also don't focus on the money, you focus on the value. So it's not about the money. It's not about it being $134 million of dollars, right? It's $134 million in value because he would have spent that money in tax, he would have spent that money in tax, right? And so in Florida, there's no state income tax. And so let's not spend that money in New York. Let's spend that money on the beach, right? In Florida. And there's a lot of different things you can do there, but it's about playing to those wants, turning them into needs and saying, hey, this house can't be replaced. Is it a lot more than you wanted to spend?
Starting point is 00:33:27 Sure. Also, don't buy it, right? Don't buy it. So you're not pushing on someone, taking it away from them. Yeah, yeah. We do the takeaway. Not being desperate,
Starting point is 00:33:39 not being like you need this house, you should get it, but saying, hey, don't buy it. Yeah, listen, I could talk to you about how to negotiate a thousand times. Negotiation is all an improv. Everybody has different triggers. Everyone has different cultural ideas for how they want to negotiate.
Starting point is 00:33:54 People are born stubborn. People are born soft. Everyone is completely different. You play to people's egos, right? You play to the fact that it you know, it's okay. It's totally fine if you can't afford this. Let me go show you something else. Oh, we'll find something in your price range.
Starting point is 00:34:13 Yeah, yeah. No, listen, it's totally okay, right? That's the wow moment. Like the wow moment is when you, someone gives you a budget, you show them four houses in the budget and one that you tell them do not buy i'm not even telling you i just want to show you because i got access to it and it's insane let's just go for two
Starting point is 00:34:30 minutes let's just go i'll show you what you could get in maybe five to ten years yeah yeah like this is so awesome it's on the way let me just show you for fun wow them and i dare them to buy anything in the price range. Wait a minute. So let's say you do this 100 times to your clients. You show the four options, three in their price range, one in the lower end, one in the middle, one a little bit higher, and then one three times more than what they're thinking,
Starting point is 00:35:01 or 10 times, whatever. How many people, what's the percentage of people that take the one that's so far out of their price range? Super small. Like 3%, 2%? I would say 5% actually go for it. But what I'm trying to do is not actually sell that property. I'm trying to close them in general because I don't want to show anyone 10 houses
Starting point is 00:35:24 or 20 houses or 50 houses. That's not a good use of my time. My job is to sell and to close them in general because I don't want to show anyone 10 houses or 20 houses or 50 houses. That's not a good use of my time. My job is to sell and to close. So I will, you know, when people say, Hey, I want to see something between one and $2 million. If I just show you houses between one and $2 million, you're going to want to go back out next weekend and the next weekend. And then you're going to go on Zillow and you're going to see a thousand things. And then your friend's going to tell you about this other place and da, da, da, da, ba, ba, ba, ba, ba. So if I show you three to four houses that are the best, because I know all the product, I know all the inventory.
Starting point is 00:35:54 These are the best. You should buy any of these. And let me just show you one more thing. And it's 3.2. Do not buy it. Don't even think about it. Don't call your banker. I know you can figure it out.
Starting point is 00:36:04 You're rich. I get it. I get it. Even if they're not rich, right? Pad the ego. Then what I do is then I take them to something that's 2.2, 2.4, 2.5. So it's above the budget, but it's not nearly as scary as the house I just blew their socks off with. And then I take them to the house that i knew they were going to buy all along which is then how you close them because then we go in and like well this one i think i can make this one work like yeah i know you can't that's why i brought you here right but we got to move fast because somebody else is interested or whatever the situation might be that works 70 of the time. Wow. That's great.
Starting point is 00:36:50 So instead of doing six weeks of showing every weekend with them, you show one weekend, four, five properties, and hopefully you can get to a faster decision. I had a woman client years ago who taught me that lesson because she wanted to see everything in the city, Upper East Side, downtown, Fidei. Let's go to Brooklyn. Let's look at everybody. And I just said, yes, because I didn't want to lose her as a client, right?
Starting point is 00:37:10 She's going to buy. She's got the money. She's pre-approved for a loan. Let's go. And she just couldn't figure out what she wanted. And I kept trying to get it out of her. And I was very close to firing her. I've never fired a buyer, but I just kind of wanted to be like,
Starting point is 00:37:26 you know what? I don't think this is working. I can't be your New York tour guide. Thank you. I've seen more apartments with you than I've ever seen in my life. But if you're actually going to buy something, like I got to show apartments to people who will buy them
Starting point is 00:37:39 because that's how I make a living. There's no salary. There's no benefits in this job. I eat what I kill. And then I started asking her questions the same way like we were just talking about. And it was when I really realized, wait a minute. I have to ask buyers more questions to get them to talk about themselves so I can really see what they like. What makes them tick?
Starting point is 00:37:59 What do they want? So that I can then connect the product to their wants and desires. Because she might think that she wants Upper East Side because that's where she grew up and that's where her family is and this is this. But it turns out she's a female bodybuilder, okay? And she really likes fitness, which I could tell. But I didn't know to the extent.
Starting point is 00:38:23 And she really likes strip clubs. She's straight, but she really liked strip clubs. She's straight, but she really liked men's strip clubs because she loved seeing women and their bodies, and she would acknowledge them, and she was like friends with a bunch of, you know, with exotic dancers,
Starting point is 00:38:40 and it was like a, it was, you know, and I had no idea. It was like a year into this damn search that I actually found this out for her. It's like, wait a minute. I have one more thing I want to show you.
Starting point is 00:38:53 540 West 28th street. Uh, right next to scores, which is a strip club in New York city. Uh, it's such a long time ago, a penthouse just above her budget outdoor space with a strip club next door tough building to sell in because most people you know they're like well i have a three
Starting point is 00:39:14 year old is there is there a strip club like yeah but you know it's it's it's the future man everyone strips now it's cool um i took her there she saw that she laughed she thought it was funny she bought that apartment wow you spoke to her emotions you speak you speak to the desires right like what are the wants what are the true desires what's what is your client's love language um and you dig down and all you have to do is ask questions right it's improv it's yes and and just consistently ask questions. If you could only ask three questions to a potential buyer or seller to get as much information as you could to then use that information for negotiations, what would those three questions be? And you couldn't do a follow
Starting point is 00:40:02 up question. It can only be three questions. The answers they give you are the answers they give you. Only three. I ask a lot more questions than that. I know. I'd say the first question is always, for me anyway, let's say you're buying in New York City and I got to ask you three questions,
Starting point is 00:40:18 is talk to me about your personal connection to the city. Right? Because that's going to help me answer, are you from here or are you not from here? Do you have any connection to it? Do you love the park? Right? Do you work in this?
Starting point is 00:40:33 What do you do? Talk to me about your connection to the city. Because they'll also then talk to me about their fears of the city. Maybe there's certain parts they really don't like. Maybe there's certain things they don't. Maybe they like to, you parts they really don't like maybe there's certain things they don't maybe they they like to you know i don't know um my second question is going to be uh where do you work because i need to know if they do go to the office two hours or if they want yeah they commute where do you where do you work you know what's that are you do you need to work from home if
Starting point is 00:41:00 you can work from home and you want to be in new york then that opens up a lot of things also we should probably look for another bedroom because you need a zoom room these days um uh if you can work from home and you want to be in new york then that opens up a lot of things also we should probably look for another bedroom because you need a zoom room these days um uh and you can get more in brooklyn let's say like instead of getting a three-bedroom condo in the city if you work from home now two days a week let's go get a townhouse in brooklyn that's going to double in value in five years right um and then i would probably ask um uh are you prepared to spend more money than you've ever thought about spending on a house because most people get very very shocked not just in new york city this is everywhere just the down payment you have to pay on a house is crazy.
Starting point is 00:41:46 So I want to know, one, that answers me, budget, conversation about price. We got to talk about money. But it also, the way you phrased that question, enables me to have an emotional conversation about money with them and see how they answer that question. And that also shows me, are they going to be uncomfortable with me when I'm talking to them about closing costs, about money with them, right? And see how they answer that question. And that also shows me, are they going to be uncomfortable with me when I'm talking to them about closing costs, taxes, purchase prices, pre-approvals, talking to their husband, to anybody? Or are they going to be an open book with me
Starting point is 00:42:16 and just say, Ryan, let's go get this deal done. This is what I got. Let's figure this out. Help me maximize my, you know, whatever the situation may be. Those are probably the three most important questions. Everything else is filler and it'll help me do the deal. And why do you think most people are just bad at making money in general?
Starting point is 00:42:34 I think most people are afraid of money, honestly. What are they afraid of? Is it the opinions of the people? They're so afraid of not having it that they literally manifest not having it. If you focus so much every day on your lack of money, then your future will give you exactly what you focus on, which is a lack of money. I believe that we have the power to predict our own future. Like we, that was me with my Chinese buyer. Like I'm gonna be the best broker ever. I'm gonna be me in five years.
Starting point is 00:43:14 I'm gonna be future me for you for three days. Let me see if I can do this. And it works. And she buys something. Now I didn't transport myself into the future, but my brain, the way I presented myself, I got a suit on a debit card. I got a car service on a credit card. I got new shoes. I put everything into current Ryan's wallet, which was terrible, but I carried myself with a level of confidence that I was hoping that I would be able to in the future. And it like set me free. And I think so many people either focus on the money.
Starting point is 00:43:52 You know how they say a watched pot never boils. Like if you put the pot right like on the burner to boil water, it takes forever. You put the pot on the burner and you go watch tv and it's like it's boiling it's the same exact amount of time but your connection to that time is different because in one instance all you do is care about the water boiling and in the other you don't give and guess what the water still boils so the people who focus on the money, the people who are afraid of the money will have the least amount of it. How do we shift our mindset around that in order to attract and earn more money? So it's the same way that you present to a buyer, the same way I would.
Starting point is 00:44:46 you present to a buyer the same way I would. It's not about the money. It's about the value, right? If you want to make more money, you need to start figuring out what is your value? What can you provide? And is it to your boss? Is it to the community? Is it in the form of content? Is it in the form of flipping card? I don't know. What is your thing and what is your value that you can provide that someone is willing to pay for? And then how can you maximize that value with the allotted time that you have every day? Because not everyone has the same amount of time, right? I mean, we do. We all have the same 24 hours every day, you, me, Oprah, Jeff Bezos, right? We all have the same amount of time. But it's not necessarily fair to say that because some of us have three jobs. Some of us have 10 kids, some of, you know,
Starting point is 00:45:36 we all have different responsibilities. So we don't have the most time to put the work in, but what is your value? And if you're in a job, let's say, so that we can talk about like a specific example, and you want to make more money, but you are a W-2 employee, or you're an hourly wage employee, and you want to make more money there, you need to show that you provide more value than what your current hourly wage is and what your current salary is. So you need to start being the future role before you are the role. So a pure example of that is- Mike Tyson, when I interviewed him, he said, you need to be the champ before you become the champ. You need to train like the champ. You need to think like the champ. You
Starting point is 00:46:21 need to act like it. You need to be the champ before you be the champ. A thousand percent. Assume the role before you are the role. So like I'm looking to my right. There's a girl who sits here. The majority of my company is run by women. And she started as a rental agent for me and really wanted to make more and do more. But hey, you're a rental agent.
Starting point is 00:46:46 You just started, do that. She had a knack for new development. And so she started just doing new development research and putting it in front of me without me having to ask for it. I was like, okay, thanks. And I would still go to everybody else for projects, right? Not her, she's brand new, she does rentals.
Starting point is 00:47:03 And then she started cold calling developers wow putting appointments in front of me it's like okay but you have no idea what you're doing i have to go with you she's like yeah no i know please do all the talking okay yeah slowly but surely she she's making you basically is making me money she's showing me value she's doing work that i have to tell other people to do. She's doing without me having to tell her to do it, which shows me that she can take incredible initiative, even though she has zero experience, doesn't know what she's doing, but she's figuring it out and willing to figure it out. And now she runs new development for me and helped me build the company
Starting point is 00:47:42 that I'm running today and makes way more money than she ever did as a rental agent because she said to herself, I want to run new development for this guy. That's a big business. I want to sell towers. If I ask him to put me on towers, he's going to ignore me or that's going to be weird. So I just need to start showing my value today.
Starting point is 00:48:00 Here's my value. I have extra time because I'm brand new and I have no business. I'm going to start doing research that I see his people are too busy to do i'm just going to start presenting it to him for free right present it for free show your value so that there will be a point when i realize i i need her here i don't know i need to can you do that same report you did for me last month? Can you do that again? And presenting opportunities and presenting value. Show your value and also show what your position would be like if you weren't there, right? Yeah. When you're not there, what is the pain
Starting point is 00:48:38 that someone's going to have? Yeah. The cost of replacing you is oftentimes more than paying you more. Exactly. Every job is completely different, but I would really, really say assume the role before you are the role and present your value, and that's how you make more money. If you don't have a job, then there's a thousand places you can make money. There's so many things you can do today. Figure out what you like talking about. Go do that thing and do it more. And find other people who like talking about those same things.
Starting point is 00:49:15 Even if it's movies, whatever it is. You're obsessed with Billie Eilish. There are ways to make money out of that obsession and that passion. And you'll turn that into something else. Next thing you know, you're Ryan Seacrest. Right. What do you think is the difference between a rich mindset or abundance mindset around wealth and a poor mindset? know how to use money. And unwealthy people, they know how to spend money.
Starting point is 00:49:56 Without being overly simplified, that is what I've seen the best. And wealthy people also don't nickel and dime. They don't because they know that their greatest asset isn't their money. Their greatest asset is their time. People who are less wealthy will nickel and dime everything because every dollar counts. And they will spend hours, days negotiating, fighting over something. And I'm like, dude dude the amount of time that you have spent trying to save seventy eight hundred dollars and forty seven cents you could have made twenty thousand dollars doing this that or the other um and so that's probably the biggest
Starting point is 00:50:40 difference the wealthy understand that their greatest asset is their time. The poor feel like their greatest asset is money. And so it's about where you put your focus, right? And not being afraid of money, understanding that money is a resource, and not putting it on that pedestal. Do you negotiate the same way you do with a billion-dollar buyer-seller, that way that you do with a billion dollar buyer seller uh that way that you do with your daughter and your wife i yeah yeah lewis house um i really try not to that is a a real you do it is a real sticking you know i i remember i went to like a benefit charity benefit back in the day when those things used to be legal um i don't know eight years ago and this wealthy hedge fund guy was getting this award because wealthy people they award themselves all the time, just like actors.
Starting point is 00:51:47 And he got up there and he was being funny. And he was like, you know, I just told this story about how he had to hire a therapist to teach him that his family are not his employees and that he can't boss his children and wife around the same way he does at work all day. And that it was tough for him because if you work 12 hours a day, the majority of your life
Starting point is 00:52:07 is telling people what to do in his position. And then you get home and you can't do that. And you have to become a different person. And you're cleaning up diapers and you're doing everything else. Yeah, or you're expecting other people. And it's so funny. Here's my wife who's like,
Starting point is 00:52:23 she's FaceTiming in in i think it's the baby probably trying to say good night but um um you know it is uh i really try not to um and it is hard man it's hard not to take work home it is very very difficult um and it's it's very frustrating it's probably like one of the hardest things that i have to consistently work on is not negotiating with my family and working with the family the same day i do at work and i saw my dad had the same struggles when i was growing up right he was very tough very strict very stern because that's exactly how he was at work. And that was his life. It's definitely hard to do. What's the thing about your wife you love the most?
Starting point is 00:53:13 A lot. My mind immediately goes to the physical. She has a great body. Do I love that the most? body uh do i love that the most um it's a it's a part of it she to be honest man like we have so much in common and we like the same amount of things we also don't like the same amount of things like back when there were events and things we would both love a good cancel like oh do they they canceled oh yes let's just sit let's do zero things just be yeah let's just be let's just like what do you want let's watch a show about people being brutally murdered that's calming let's do that right um but i would say she has this insane she is like my biggest she's my biggest fan she and she is so unbelievably protective that sometimes it's almost uncomfortable because i'm like i got it i i you know i i can i don't worry about me i can figure it out
Starting point is 00:54:13 but she is you know my beautiful rock um and uh will stand by me through everything and believes in me way more than absolutely anybody, uh, through thick and through thin, even when I'm not there, even when I make the mistake of treating her or anybody else like an employee, even when I put myself first every day, um, uh, she is still there. And that is very, very hard to do. And what's the thing you're most proud of as a father about your relationship with your daughter? Zena. So Zena's two. My relationship with her.
Starting point is 00:54:52 I am baba to her. She knows I'm her dad, I think. She's bilingual. She's bilingual. Oh, that's good to go. Because Amelia and her mom who live with us are Greek, and everyone's Greek, hardcore Greek from Athens. So it's Greek all day and then dad English.
Starting point is 00:55:12 And so she doesn't speak a lot yet because there's lots of different things going on in her head. The thing I'm probably most proud of is, I don't know why this is so, I don't know why this stands out to me. We were going to go out to the park. I was putting her in her stroller and she looked at me and she put her finger up and basically said, wait, like she forgot something. And she went back to the playroom and she came back and she got into her stroller and she had gone and she had gotten both of her fake cell phones.
Starting point is 00:55:52 And I carry two cell phones. And my mind immediately went to memory. And to, wow wow she watches like everything um and you know she will have a strong memory and she will be good at follow-up and making sure that things get done i think the ability to execute is a very very hard thing to teach people. And I think that she'll be able to do that. She's also super nice. Like she holds kids' hands that she doesn't know. She hugs people she doesn't know. And that was not me as a little kid.
Starting point is 00:56:37 So I can't take any credit for that. But it's like, it's awesome for me to see. Because if I could go back in time to myself as a little kid, I would tell myself to open up, stop being so shy. People are going to be your greatest asset. Please meet more of them, uh, instead of just watching TV. And I don't think Xena is ever going to have that problem. She thinks like the whole world is her friend.
Starting point is 00:57:01 That's cool. If someone is feeling financially broke right now or just hasn't been able to break through this kind of limited amount of financial resources that have come in their life, whether they're entrepreneurial and they're broke or they're at a job that they haven't really made a lot of money from and they're just like, how do I really do this to get to the next level? They don't have the confidence.
Starting point is 00:57:24 They don't have the skills yet. They have the desire, but they don't know how to make it happen. If you could only share three next steps, three next moves from that place on how they could really set themselves up for more financial success and really attract that big money, what would those three steps be? and really attract that big money. What would those three steps be? First of all, I think step one is doing a, and I'm not going to give you like tactical steps, like, okay, here's what you're going to do 9am every day, right? Step one, you got to do a self audit. And you need to decide if the things that you're doing with your time, because again,
Starting point is 00:58:02 think about the wealthiest people. They're not going after the money every day. They're trying to maximize their time. So time is your greatest asset. Are you making the absolute best use of your time? Is what you are currently doing for work, where you get your paycheck, is that the best use of that time to do that job? Is there any growth there? Is there anything else you can do? Do you even like it? You don't have you can do? Do you even like it? You don't have to love it. Do you even like doing it? Because if you don't like doing it, you're not going to push yourself to do it. You're not going to get out of bed to do it. And then you are going to get stuck in a rut and then you are going to get burnt out.
Starting point is 00:58:38 And you are going to be sitting there waiting, right? We all need a place to go. We're all fish, waiting, right? We all need a place to go. We're all fish, man. If you're a hamster in a wheel, eventually you're just going to slow down and you're going to stop. But if you are on the river of life, success is around some corner. It's probably not around the first one or the second one, but it's out there somewhere. And eventually, the more you work and the harder you persevere, you will be dumped into the ocean, which is going to give you a thousand more possibilities. And then you're going to say, I didn't even know this was possible for me. So do that self audit as step one and really focus on what are you doing with your time that is making you money right and could you do anything else like for example i was trying to model and act and very close to doing an hourly wage job to make money and i knew that it all would have sucked i was holding self i was
Starting point is 00:59:42 hand modeling i was holding phones for 150 bucks an hour pre-tax to make money. And I thought that was awesome. And so I didn't want to do that stuff anymore. And so I got my license. I got my real estate license because I could do whatever I want all day long, every day to make money. And not a single person is ever going to come to me and say, listen, Ryan, I think you sold too much.
Starting point is 01:00:04 You know what? That deal is too large. You're making the other agents look bad. We're not going to give you the bonus this year. It doesn't happen. And it's not, okay, well, I work my ass off hard today and then I kind of take it easy tomorrow. So I'm still going to make the same amount of money this week. I work my ass off really hard. I might make $0. I do nothing. I might still make $0, but what I put into it, I'm eventually going off really hard. I might make $0. I do nothing. I might still make $0. But what I put into it, I'm eventually going to take out. So figure out what you're doing with that time is your first step. The second step is most people, and it blows my mind.
Starting point is 01:00:39 Most people have no idea the person they want to become. They just kind of go with the person they want to become. They have, they just kind of go with the flow, which is okay. They follow the path. They're like, well, I got this job.
Starting point is 01:00:52 Oh, I had a kid. Oh, I do this. I do that. Like it is not that hard to look at your life like a whole movement, get a pen and a paper or use your phone. Right. But I find pen and paper
Starting point is 01:01:06 sometimes is good for exercises because it actually like moving your arm physically in your wrist and your hand helps you remember things. And we're so used to typing, your brain can't remember whether you typed a note or a text or an email because it's all the same physical movement. And so if you don't write things down, important things, make sure you do it with a pen and paper because you remember it. So write down who you want to be in 24 months and get really, really, really detailed. For me, I go out much further than that, but figure out where you want to be in two years. And maybe in two years, you're still in school if you're listening to this. So go out five years. Five years. What do you look like?
Starting point is 01:01:47 How much do you weigh? What are you wearing? Where are you standing? Who are you standing next to? And don't write Abraham Lincoln. Be realistic. Think about the absolute best version of yourself five years from today. What is that person doing? five years from today, what is that person doing? And if they are living the greatest life ever,
Starting point is 01:02:13 write that down and then do the reverse math and figure out for yourself how you're going to get there. Rip out that piece of paper and carry it in your pocket every day for the next year. And I swear to God, you will by default have predicted your future and you will figure out how to make more money because you're carrying it in your pocket with something that you personally wrote down. Like if anyone wants like a secret little mind trick, you do that little exercise and it works. Now maybe you don't have the yacht that you wrote down for yourself. You lunatic.
Starting point is 01:02:42 Um, but your life is going to be way better than it would have otherwise right that's step two um uh uh and step three is honestly do not be afraid to ask for help i think a big fear that a lot of people have um some people ask for help too much okay but most people have a fear um and a friend told me this a fear of being embarrassed and it's not even a fear of failure they have a fear of being embarrassed we are so focused on our appearance and our image now right social media this that where'd you go that, where'd you go to school? Where'd you go to, what is your job?
Starting point is 01:03:28 How much do you, what's your car? Like get over your fear of being embarrassed and ask for help, ask for assistance. If you can do more and you can provide value for someone else, tell them and say, give me a chance. What's the worst they can do? Say no. Okay, great.
Starting point is 01:03:45 Ask somebody else. And do not wallow in self-despair and just wait. Ask for help. And if all else fails, tell that person where you want to be in five years and say, and I think you can help me get there. And this is how I'm going to help us do that. I just need an extra five bucks an hour. Or I need the ability to work on Saturdays.
Starting point is 01:04:10 I know you don't pay overtime because of this, because of that. You tell me what else I can do. I'm gonna do that research for you. Or I'm gonna stock the shelves for you. Or I'm gonna do this for you. And yeah, ask for help and put yourself in positions that might be uncomfortable, but, um, they will pay you back.
Starting point is 01:04:28 I think those are the three big things. You're 36, right? 37 in July. 37 in July. Yeah. So like you imagine your 50 year old self is in front of you. Yeah. You're facing your 50 yearyear-old self hypothetical scenario.
Starting point is 01:04:46 And you get to have a conversation with your 50-year-old self. What would you say to your 50-year-old self? And what would you want your 50-year-old self to say to you as advice for the next 13 years?
Starting point is 01:05:03 So I think about this a lot. I think about this an unhealthy amount. I should focus more on the moment. I would ask myself, was it worth it? Was what worth it? The effort, the work?
Starting point is 01:05:24 Yeah, was it worth it the effort the work yeah like every was was it worth it like you know i work every day right i work all day every day my eyes wake up and i work and i'm you know i i feed off the stress but it is a lot like I spend very little time with my wife. It is calendared when I see the baby. In an alternate universe, my life isn't like that, but that's the sacrifice that I need to make right now for what I'm trying to build. And I want to know when I'm 50, was it worth it? Because maybe he says yes.
Starting point is 01:06:07 Maybe he says you could have done it with a different schedule. I don't know, whatever he's going to say. And I want 50-year-old me, one, I want him to tell me, yes, it was worth it. But I also think he would tell me, because i would tell this to myself when i was 26 you should have gone bigger right you could have gone bigger like you should have you should have done it uh because like i said my like i don't ever want to say if only because most of the risks that i think we're faced with almost all of them the worst thing that can happen is most often not death right so how do you push yourself to like go that extra mile? You know, you think about, I don't know,
Starting point is 01:07:07 as a analogy, like physical fitness, right? If you do the same thing every day that you're comfortable with, your body gets used to it. You do not lose weight. You do not gain muscle. No matter what, even people who have gastric bypass, eventually you do the same thing over and over. You put the weight back on, on okay because you're treating your body unlike the way you treat your mind and so your body only changes and it's the only body you have if you push it that extra mile right um and i find the same thing in life i find the same thing in business. I find the same thing in business. It's why I started a residential real estate company in the middle of a pandemic in New York City when a million people left.
Starting point is 01:07:53 It's why I just rented 15,000 square feet in the middle of Soho and took down a building bigger than Prada. Like I'm not Prada. The fuck am I doing? No real estate company has an office like that. It's why I'm trying to change the game because I know that as long as I work and stay busy, I will be too busy to fail. It just has to work because I wrote it down that it does work and it's in my pocket. What is the biggest year in sales you've done so far? What's that
Starting point is 01:08:27 number been? Single year, 2017, I closed $838 million in a single year. That was the biggest year with closings. 2019, I did 1.4 billion, which was closed in contract. So it was, but it was just over, it was like 750 and like 690, something like that in contract. So that was the biggest year for total transactions. So they, for me, I focus on total transactions because it's the work, right? Yeah, yeah.
Starting point is 01:08:59 Whether it closes this calendar year or not, right? Like I did the work in 2019 and then 2020 was, like, just the worst. Like, 20, we were halved. Halved in 2020. What's the goal this year? My goal this year is written right over here, and it's 700 million, and we'll probably hit that by, like, June.
Starting point is 01:09:24 Now I got to push myself even further. What would it take and what would it look like to do $3 billion this year? What would it take for you? How would you need to show up differently? Or to cross $2 billion? What would that look like? It would look like a lot more people than just myself, which I am actively working on to scale the brand and scale the business so I can multiply.
Starting point is 01:09:52 And I learned that early. One of the best pieces of advice I was ever given as an entrepreneur was learn how to use people. Use people. Use people. Use people underneath you. Use people above you. The people above you can help you get to the next step. The people below you are gonna let you step on them so that you can get to that next step
Starting point is 01:10:16 and they're gonna be appreciative of it because they weren't in that position anyway. So how can you consistently use people, scale, use people, scale and grow and grow and grow? And most people are like, well, I can do it by myself. And that's impossible. Can't build a rocket by yourself. There you go.
Starting point is 01:10:38 A couple of final questions for you. Before I do ask those questions, I want people to check out this book, Big Money Energy, How to Rule at Work, Dominate at Life, and Make Millions. This is a really inspiring book. Lots of great stories, funny stories, great lessons, principles. Make sure to check this out if you want to learn more about how to earn more, how to make more, how to change your narrative around money as well, which I think a lot of people
Starting point is 01:11:04 need to start with that is the energy and the mindset around money. well, which I think a lot of people need to start with that, is the energy and the mindset around money. Really, really well done book, Big Money Energy. Make sure you guys pick up a copy. Lots of different codes, practices, examples, stories, lessons, and all that stuff. This is a question I ask everyone at the end called The Three Truths. It's a hypothetical scenario again. I'd like you to imagine that it is the last day on earth for you many years away. You get to live as old as you want to live, but eventually you got to turn off the lights. And everything you've ever created, this episode, this book, all of your content, it's got to go with you to the next place, wherever that is. So there's no information about you in the world anymore.
Starting point is 01:11:43 Hypothetical scenario. But you got a piece of paper and a pen that you get you get to write down three lessons that you've learned in your life and you could share these lessons with the world these are only things you could share to have to remember you by of your information i call it the three truths what would you say are yours oh god the school of greatness what are these questions i guess the first lesson is that um uh people want to work with people they like and kindness will always take you further than any other emotion right even when you don't want to be kind um it is important right life is short and what comes around goes around that's one two is you can always go further like you know there's always that extra push that you can do. There's always that extra thing.
Starting point is 01:12:50 There's always that little bit of extra. It's like the mom that can pick up a car if her kid's stuck underneath it. She's not that strong, but she went that extra mile. In that moment, did she gain more muscle? No, but in that moment, she could go further. more muscle? Is she a super? No. But in that moment, she could go further. The third thing for me is it's a quote. And so I know it's a cliche one, but it is so true. What got you here won't get you there. And that's every day. And I think for people too, who feel like they, well well this isn't meant for them well i was born here i'll never that'll never that'll never work for me i'm not that smart that i can't even get there right any any self-doubters out there who read my three truths
Starting point is 01:13:37 now that i'm dead um uh sucks that's so much more to do. Like, absolutely anything is possible, right? If you believe it to be true. And whatever got you here, and if it's a situation that sucks, right?
Starting point is 01:14:00 Don't worry, because it ain't getting you there. Ryan, I want to acknowledge you for a moment, man. This has been powerful and inspiring. And I acknowledge you for the constant transformation you make every year for your life from starting 12, 13 years ago, making only $9,000, I think in that first year in transactions to now doing roughly a billion on average a year and above that. And this year is going to be closer to 2 billion. And I acknowledge you for living in your truth, for doing the things that you really desire, for going after it all out,
Starting point is 01:14:35 for inspiring people and sharing your journey along the way. You've got an amazing vlog and YouTube channel and all the content you create for people to show people how you've done this. So I acknowledge you for showing up, man, and for opening up here. I think it's really inspiring what you're creating, and I'm glad to be a part of it in a small way to support you through this. And I want people to get the book, again, Big Money Energy, How to Rule at Work, Dominate at Life, and Make Millions. Lots of great stories, lessons, examples, practical strategies on how to do this for yourself. So make sure you guys check this out. You are all over social media, Ryan Serhant on Twitter, Instagram, Facebook, YouTube.
Starting point is 01:15:14 I think Facebook is Ryan Serhant official, but everywhere else, people can follow you, ryanserhant.com to learn more about there. And I have anything else that I, you have a podcast as well on iHeart that people can check out that I was on. Also, if you want to hear Ryan grill me, which I thought you did,
Starting point is 01:15:33 you know, your first couple of interviews, I thought you did a great job. I was like, man, you're a great interviewer. Probably because you ask people questions all day long when you're showing them real estate. So you understand the psychology of asking questions. Anything else we need to be aware of? Last thing I'll say is if you are looking to buy or sell a home, my email is ryanatsurhant.com or you can go to surhant.com.
Starting point is 01:16:00 People need it in New York or anywhere. We're in New York, the majority of our business is in New York or anywhere? Any. New York. I mean, we're in New York. The majority of our business is in New York. But our platform has 6,100 agents in 109 countries now. Anywhere. Anywhere. And final question. What was that?
Starting point is 01:16:16 Ryan at SirHant.com, as you said? Ryan at SirHant.com is the email, yeah. Okay. Email Ryan if you want to buy a home or sell a home. Final question. What's your definition of greatness? My mind goes immediately to happiness. I say things are great a lot. It's definitely one of my most overused words.
Starting point is 01:16:36 I say things are great all the time. And it's kind of synonymous with pure happiness for me. So greatness is also like the school of unbridled happiness. Because you can be great, but if you're not happy, life is short. Right in the center of your head. Thanks, man.
Starting point is 01:16:57 Appreciate you. Thank you so much for listening to this episode. I hope you enjoyed it. And if you did enjoy it, then do me a favor and share this with a friend. You can copy and paste the link wherever you're listening to this podcast or use lewishouse.com slash 1098 and just share this out to a few friends right now. Text it to them. Post this on social media if you enjoyed it and thought it was valuable for you. And I'd love your thoughts on what you enjoyed most from this. Please leave us
Starting point is 01:17:25 a review and a rating over on Apple Podcasts right now with your biggest takeaway. And we love to share those with our Greatness Newsletter every single week. So make sure to post your review, what you enjoyed most about this, and make sure to subscribe over on Apple Podcasts or Spotify as well. And I want to leave you with this quote from John Maxwell, who said, there are two kinds of people in this world, those who want to get things done and those who don't want to make mistakes. Which one are you?
Starting point is 01:17:53 I want you to think about it because the person that wants to get things done is always going to make mistakes and is always going to be failing in their path and process towards accomplishing what they want. So be willing to make mistakes, learn from them, keep moving forward. It's not about being perfect.
Starting point is 01:18:09 It's about getting things done in a powerful way and move you closer to your dreams. I'm so grateful you took the time today to be here. And I want to remind you, if no one's told you lately that you are loved, you are worthy and you matter and you know what time it is. It's time to go out there and do something great.

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