The School of Greatness - Ryan Serhant Reveals The MINDSET Behind His Billion Dollar Empire

Episode Date: November 4, 2024

In this episode of the School of Greatness, I sat down with real estate mogul and Netflix star Ryan Serhant to explore the intersection of success, happiness, and purpose. From his humble beginnings a...s a hand model to building a revolutionary real estate empire and starring in the #1 show on Netflix, Ryan opens up about his relentless drive for excellence and his recent revelations about what truly matters in life. He shares raw insights about turning 40 and realizing he'd spent two decades chasing importance instead of happiness. This conversation dives deep into the mindset of billion-dollar success while examining the personal cost of endless ambition. Whether you're an entrepreneur, sales professional, or someone seeking to understand the delicate balance between achievement and fulfillment, this episode will challenge your perspective on what it means to live a truly successful life.Learn how to build an empire like Ryan's: Sellit.comCheck out Ryan's Netflix Series "Owning Manhattan" on Netflix!IN THIS EPISODE YOU WILL LEARN:How to differentiate between chasing importance versus pursuing genuine happinessThe strategic approach to scaling businesses 100X instead of settling for incremental growthWhy making luck "easy to find" through consistent hard work is the key to breakthrough successThe crucial difference between inherited wealth versus earned wealth mindsetsHow to build a company culture that encourages honest feedback and constructive disagreementThe power of focusing on what your customer needs rather than what you think they wantFor more information go to https://www.lewishowes.com/1689For more Greatness text PODCAST to +1 (614) 350-3960More SOG episodes we think you’ll love:Mark Matson – https://link.chtbl.com/1675-podGlennda Baker – https://link.chtbl.com/1651-podNoah Kagan – https://link.chtbl.com/1572-pod

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Starting point is 00:00:00 I subconsciously told myself, one day I'm going to figure out what my thing is. And once I do, everybody better watch the out because I am going to go so hard. I don't know what it's going to be. Once I figure out what I want and what I'm great at, I will never ever, ever let it go. Joining us right now is real estate broker, Ryan Serhant. Owning Manhattan star, Ryan Serhant. Are you ready to meet Ryan? The legendary Ryan Serhant. What about people who want to invest in real estate in 2025? I think that what we'll see in 2025 is really. And I realized in that moment that I'd spent the last 20
Starting point is 00:00:35 years waking up every day to feel important, instead of waking up every day to feel happy. People are no longer afraid of being failures. They're afraid of being embarrassed. Yes. So they won't try because they care about failing. They then don't try because they don't want other people to know it didn't work out. What other habits do billionaires have that have helped you level up your life and your business just by being around them?
Starting point is 00:00:57 They... Ryan Serhan is here on the School of Greatness, very excited about being with you because you have continued the way, I think I started finding you back in 2008, kind of when I started. I think you were on Million Dollar Listing back in 2010, 11, 12, when was that? When did you first start on that show? I auditioned in 2010, the show came out in 2012.
Starting point is 00:01:17 Yeah, so we kind of came up in the online marketing space doing different things around the same time. And I watched your journey, and for me, it's really inspiring to see how consistently you've been in showing up for yourself and risking new ideas, trying new things and failing and trying new things and succeeding. And I don't think people understand the level of commitment you have to your vision and your mission. We're not best friends or anything, but I see it from afar. I see the actions you take,
Starting point is 00:01:48 I see the way you connect with your team, I see how you do content and how you keep innovating and trying stuff. And trying stuff that doesn't always work. Like I see you trying stuff, I'm like, man, he's taking a risk there, I like that. And it didn't really do that well, but he tried it, you know?
Starting point is 00:02:02 But I'm like, not many people are willing to try stuff that doesn't work and be okay with it. And you're just like, all right, that piece of content got a thousand views as opposed to a million, but we tried something new, we risked it to see. And the way you keep showing up is really inspiring in how you've, you know, and I don't think people see behind the scenes enough.
Starting point is 00:02:21 You show behind the scenes, but I don't think they really see behind the scenes enough. Not that they need to see it, but how you think constantly of we need to think bigger. We need to try different. We need to hire different, all these different things. For me, it's really inspiring because you keep getting big wins every, you know, two to three years. You come out with a book. Sometimes it does really well or not. TV show, boom, it crushes. You tried the software, you tried the app, you tried these things.
Starting point is 00:02:48 Sometimes they work, sometimes they don't. The fact that you keep showing up consistently. I think you can have a lot of income streams. You can do a lot of different things, but it's very difficult to have multi-level passions. You can have a career, a couple jobs, a couple hobbies, but everyone always has their passion. Maybe your passion is really your kids.
Starting point is 00:03:09 Maybe it's really your spouse. Maybe it's really that sport. And I think you've got to figure out what are your multi-level businesses that align with that singular passion. And so that was a realization for me before I started all the companies, because I felt like you did. I felt like, OK, I'm doing this. I'm doing this, I'm speaking here, I'm selling real estate, then I'm on this TV show, and then I'm over here, and what am I doing? And I was passionate about the work
Starting point is 00:03:29 until I took a step back and realized, okay, wait, am I really passionate about the work? Am I passionate about the results? And if I'm passionate about sales as an unlock for huge companies, then I'm going to be really passionate about the work. And I'm going to be passionate about the work? Am I passionate about the results? And if I'm passionate about sales as an unlock for human potential in the 20s and 30s and the future to control your own income,
Starting point is 00:03:55 to control your own life, then I've got to be also passionate about retention and have to be passionate about finding my tree branches. So if I'm the oak tree and I get to have all these rings, then I need to have tree branches, which are people, who if they were physically not gonna attach to me, it would be fine. Like so great that they could be a part of my tree.
Starting point is 00:04:22 And I had done the opposite. I was trying to find people that were like so different from me, people who could take me to here and take me to there because that's what everyone had always told me, right? Like don't hire your identical twin, go hire someone who's gonna take you to the next level.
Starting point is 00:04:35 And then it was like mixing, you know, it's like apples and oranges. It's like you're both fruit, but I don't know if I'm in the mood for an orange right now. I don't really wanna peel and like the stringy, like I want an apple, right? It just doesn't work. So it was finding the passion for me
Starting point is 00:04:50 and then being really, really, really focused on retention and creating those branches that allow the oak tree to grow. Otherwise I'm just losing my mind. And when you mean retention, you mean of like the people on your team? And you're saying if you, cause I remember hearing that also, is like you wanna find someone who
Starting point is 00:05:09 doesn't necessarily like, isn't similar to you, but someone who thinks differently than you. Like if you're a creative, you need an analytical person to like help you run things or whatever, right? Yeah. Are you saying more you need someone like an identical twin to you, as opposed to if you're an apple tree,
Starting point is 00:05:24 you need someone that's an apple on your branch, not an orange on your branch. Sure, so the way, I guess if I wanna, I like alliteration. So like that passion as a core, okay? So your passion is podcasting versus courses, let's say. So that passion for me is sales. It just is what it is. Like I wish it was coding Like I wish it was coding.
Starting point is 00:05:47 I wish it was chemistry. Like it could have been anything else, but it is sales. So my passion is sales. And then how do I build a company using the other P's? Right, you gotta start with purpose. So what's your purpose? And then it's people, product, profit. And that is the math.
Starting point is 00:06:05 And like, that is the unlock. And I was going from, okay, I'm passionate about everything. Let's just make money. Let's just work. And I want to go build this. And then I need the right people to help me build it. And so then I was, I had no core passion. I didn't really know exactly what we were building,
Starting point is 00:06:23 but I knew I had to go find people for it. And then that can last like a year, and then it just breaks you or people start splintering. You start getting to people who are quitting or leaving you. And you've got to find that real kind of like cultural kind of statement, I guess, if you will, where everyone understands, we're all here for the same purpose.
Starting point is 00:06:42 And because we're all here from the same purpose, we're all the right people aligned on that right purpose. And then all the right people together, we can build whatever product we want. Because we can now go into, for me, real estate brokerage, sales training, enterprise, right? We can do media, we can do TV shows, we can do whatever we want.
Starting point is 00:07:01 And then that all leads down to profits, right? So that we can keep the businesses going. But how do you know what product you love the most? Because you want to have a passion for sales. But how do you know which product within real estate, why real estate, and which product? Now you have software, you have books, you have courses, you have like speaking about real estate,
Starting point is 00:07:18 you have everything. How do you know which product to choose when you're starting, but also now when you're scaling? I think you have to make mistakes and give yourself a lot of room to make those mistakes. I think people are no longer afraid of being failures. They're afraid of being embarrassed. So they won't try because they care about failing. They then don't try because they don't want other people to know it didn't work out. And so as a good example, we started Sir Ant in 2020.
Starting point is 00:07:50 OK. And the depths of COVID in New York City. You bought the building. Everybody said, don't do it. Yeah. Right? So I said, I'm going to go start my own real estate firm, but I have an idea.
Starting point is 00:07:58 I have an idea of how things are going to be bought and sold in the future. I'm not going to be able to do it by myself. It's going to take me a second. I'm going to start a sales training platform called SellIt.com, and then we're going to be bought and sold in the future. I'm not going to be able to do it by myself. It's going to take me a second. I'm going to start a sales training platform called SellIt.com, and then we're going to have Studios, which does real estate media, because it's just what we do and it's what we know.
Starting point is 00:08:13 And there's going to be an undercurrent of tech enablement, OK, underneath everything. And I think it's going to be one thing. And so what I started with was an app called Spaces that was basically studios in your pocket so that I could go to 10,000 real estate agents around the world and say, you get to go make your own property tours now,
Starting point is 00:08:35 really easy, it'll edit itself, it'll queue itself, it'll capture itself, one click, you're done. You don't have to spend the $1,500 that it's gonna cost you to do a mini, all that stuff. I was the only one who used it. I spent all this money. And I listened, because it was me saying, I know what you need.
Starting point is 00:08:55 So that didn't work. Why didn't people need it? Because they didn't want it. So instead of me saying, hey, I know what you need, what I should have said is, what do you want? What do you want? Yeah. But it's tricky because if I ask most people what they want, they don't know what they want until you show it to them.
Starting point is 00:09:11 So then I made a virtual world because then I was like, you know what, screw it. People will make property tours however they want. How do I scale virtual culture? If we have a company of 1,000 people, 100,000 people, and we don't have brick and mortar offices, it's not like they're in warehouses. All of our people either work at home or they're in cars,
Starting point is 00:09:29 right, they're in other people's properties. How do I scale culture that? How do I align us back to the passion and the purpose? Like, how do I do that through webinars? Like, what do I do? You know what, I'm gonna build a virtual world, it's gonna be called Sirhan Universe, and we're all just gonna operate in there.
Starting point is 00:09:44 Everyone's got multiple screens now. The majority of our salespeople coming out of high school, they're all on screens all day long. They got Fortnite on pause at home while they're at school. Everyone's there. They all have avatars. And I got really excited about the idea of, because I'd never seen a salesperson in a wheelchair.
Starting point is 00:10:01 I'd never seen a salesperson who was a military amputee. And so we do a lot with vets. And I was like, that could be amazing. Because now you don't have, it doesn't matter what you look like, how you walk, if you can walk, you can now be in sales just like anybody else, anyone who's able-bodied. And we're going to do it in this virtual world.
Starting point is 00:10:18 And I'm the only one who uses it. Unbelievable. And I spent all this money. I was like, God, guys, come on. It's this whole thing. And everyone's like, dude, the last thing I want to do is look at another screen. And that's really what it came down to. So I made both of those mistakes. Wow.
Starting point is 00:10:34 How much time did that take? It was a year apiece. How much money? A lot. Spaces was a couple hundred grand. Universe was way more. And it's shut down now. No, it's still there.
Starting point is 00:10:51 Just no one uses it. Because there's no utility. And so when you asked me initially before I started rambling, how do you determine what product to build? The answer for me is, I don't. What product does the customer need? And they don't know.
Starting point is 00:11:08 And they don't know. And so the answers from all of our customers basically brought us to the, I guess you call it a software that we just put out called Simple, that I started beta testing in January. But I had taken the people that helped me build spaces and the people who helped me build universe, and the people who helped me build Universe. And I was like, guys, I have another idea.
Starting point is 00:11:28 And they were like, oh, dude, if you're going to pay us, whatever. Yeah, we'll do it. You know what? This whole company is just, Ryan, just make it up. And so I was like, no, no, no. Let's figure out, how do we make a screenless company? How do we be screenless?
Starting point is 00:11:44 How do we be buttonless? How do we be buttonless? The answer is always to add more screens or add more buttons. And I've seen all these other companies, and they were like, oh, AI now. And we're going to, here's a chat bot, and this, that. And then it's just annoying, and no one wants to do it. And the response from all of our customers was, we don't want to do more things.
Starting point is 00:12:02 We actually want to do less things. We don't want to download more things. We actually want to do less things. We don't want to download more apps, games, and programs. Exactly. And then I had this light bulb moment of, ah, so maybe it isn't about having an underlying element of tech enablement. Maybe it's about empowerment using machine learning and everything else we have at our fingertips now.
Starting point is 00:12:21 And so we created Simple, which replaces work. It does work for salespeople. It's a niche, right? It's in the sales world. So for real estate agents in the United States for now, it does the work for them. It's like Instacart, but for work. So all the administrative work gets to go away,
Starting point is 00:12:38 and it replaces boring work. Everybody uses it. That's exciting. Everybody. Like the usage rate, it's like 97%. Wow. So instead of just Ryan, then it's 97%. We're like, oh, OK.
Starting point is 00:12:52 So now we'll go hard into simple. And people, purpose, people, product now. Now you've figured out the product that works. Yeah. You have to stumble. You have to make mistakes. You have to have good people around you who are also willing to tell you no.
Starting point is 00:13:09 It's part of our interview process, too. I'm very, very focused on trying to find people who aren't mean but who are not afraid to say no. Because you surround yourself with yes people because you pay their bills, and you will go bankrupt. Because they will yes you to their next job. And you gotta surround yourself with people that are so passionate that they are willing
Starting point is 00:13:31 to make you angry and make you upset. And I definitely have those people. Wow, really? Yeah, it's not as much, it's not as comfortable as it used to be, but the business is so much better for it. Because I am not always right. In fact, most of the times I'm wrong, but I really wanna understand how we get to the why.
Starting point is 00:13:54 And so I've been able to scale now by surrounding myself with leaders who are 100% comfortable with saying no, to themselves, to other people, to me. And we just count the nos till we get to the yes. And it makes for a massive business. Wow. One thing I want to ask you about,
Starting point is 00:14:14 I want to talk about kind of the billion dollar mindset that you have and how you've built that and developed it, how people can build a million or billion dollar mindset for themselves. I want to talk about real estate a little bit, investing in real estate today. You had a prediction at the beginning of 2024, five bold predictions of this year. I'm not sure if you remember this. I'm going to share some of the quotes that you had from this.
Starting point is 00:14:34 I know I'm going to share some of the stuff you said from this. It was an article in February called five bold predictions for the real estate game in 2024. I'm curious if any of those things have come true and also your predictions for the real estate game in 2024. I'm curious if any of those things have come true. And also your predictions for 2025. But first, before I dive into that stuff, I want to ask you, how was your heart? So I went to the cardiologist yesterday.
Starting point is 00:14:56 I know that's not your question, but it's funny you asked me that because I did go to the cardiologist yesterday. I mean, it's all connected. Got an EKG, did it. I turned 40 this summer. It was just like, just want to make sure I'm good. And the guy was like, you're good.
Starting point is 00:15:08 I'm like, are you sure? Are you sure? Why did you ask that? Why did you ask, are you sure? I do that annual ESRA scan, so the annual body MRI, because I've known too many people now in their early 40s who are like, my back hurts. And then they have cancer and die.
Starting point is 00:15:24 And I have too much going on to die. So I will do a preventative medicine plan instead of a reactive medicine plan. Right? The same reason like, you know, I work out and I eat well, it's not for me today. Actually, it is the opposite for me today. The last thing I wanna do is wake up at 4.30
Starting point is 00:15:42 and go work out. That is awful. I do it so that Ryan at 70 can look back and say, dude, thanks, man, because if you hadn't, imagine where I would be today, right? So I'm always thinking about future me because that's, I've worked for that person. But so I got an annual Ezra scan
Starting point is 00:16:01 and it came back with like, hey, plaque and arteries, you know, because I'm 40 now. And so went to the doctor and they came back and there was like the calcium score was 53 of 400. So on the low side, but not zero. So then I go to a cardiologist and they're like, yeah, you're fine, it's fine. You're fine. I'm like, do I need an ultrasound?
Starting point is 00:16:24 Do you have to open my chest? I have a lot of responsibilities right now. My heart's got to be OK. And they're like, you're going to be OK. Wow. How do you feel emotionally? Emotionally? I think I don't take nearly enough time to do self-checks.
Starting point is 00:16:43 I spend all of my time thinking about everybody else between our clients, our customers, our producers, our agents, our employees, that by the end of the day, I'm so mentally exhausted worrying about everybody else who I feel responsible for, that I'm like, as long as I'm eating, breathing, and I can scroll on TikTok before bed, I'm like, as long as I'm eating, breathing, and I can scroll on TikTok before bed, like I'm good, man.
Starting point is 00:17:09 Yeah, I hear you. I'm good. I do, although I will tell you, man, I think something did happen to me this summer. Like, every age I've ever turned, nothing changes. But then when I turned 40. It's a different unlock. Yeah, it's not that I felt old.
Starting point is 00:17:28 It's that I thought, OK, the next time I do this, I'm 80. So remind me again, Ryan, why I wake up every day. What am I doing all this for? Why am I flying to this place and that place? And why am I so anxious about answering emails and cleaning things out? Why am I like, what is wrong with me? And I realized in that moment in July
Starting point is 00:17:55 that I'd spent the last 20 years waking up every day to feel important instead of waking up every day to feel happy. And I attached importance to happiness. The more important I am, whether I'm being, you know, we were nominated for two Emmys for a reality TV show. I was able to build, you know, a billion dollar business
Starting point is 00:18:15 just by selling real estate. A career that used to be a third career for most people. Right, I'd expanded, I'd built from the ground up and the importance of it all, I thought made me happy. And then I was sitting there and saying to myself, but wait, what really makes me happy? Is it my daughter? Is it my wife?
Starting point is 00:18:38 Is it family time? Is it like, is it the work? What is it? Is it the work? I mean, all of them make me happy, right, in various ways. My superpower is my capacity. You say consistency. I really think about capacity. And I do get very, very excited about the building
Starting point is 00:18:59 and about the work. Like, I do like work. I wouldn't be at the office all the time. I wouldn't be working all the time if I didn't really like it. Like, I wouldn't have to. Like, I do like work. I wouldn't be at the office all the time. I wouldn't be working all the time if I didn't really like it. Like, I wouldn't have to. Like, I'm fine. Yeah.
Starting point is 00:19:08 I do get passionate about the work and about building and about creating more tomorrow than I did today. But I don't know why. It's totally a disease. Like, I have friends who, like, check out at 5 o'clock. They drink beer, you know? They go to baseball games. Like, they have a... They coach their kids. Yeah. They hang out. I'm like, they drink beer. They go to baseball games. They have a coach their kids.
Starting point is 00:19:26 They hang out. I want that. I don't hate it at all. I literally stare at people who do that and who have those lives, and I'm like, how do I have that? I don't have that. It's not in my DNA. I wish it was on a scale
Starting point is 00:19:45 You know like you see a dog, you know, it's just happy dude. Just playing the dog is like Everything in my life is everything i've ever known And i'm good. Yeah, the dog just doesn't know and i'm like i'm not comparing people to dogs, but it's like man Why do I need to do the things that I do? On a scale of 1 to 10, how important do you feel right now? 10 being like, I'm extremely important in my life. I reset the level of importance with every growth hurdle.
Starting point is 00:20:19 So in 2019, before we started our company, in the world of real estate salespeople, I was a 10. And where do you go from there? You don't rebuild a chart. That's stupid. So I took myself down to a one and said, now I'm going to go be a CEO. Because I did it.
Starting point is 00:20:37 I did the real estate brokerage thing. I sold the most expensive properties. I did them in all the markets. You're on TV. So I'm going to go do it again. I'm going to leave Million Dollar Listing New York, this reality TV show that gave me a career. I have education.
Starting point is 00:20:50 I'm going to go try to build my own company. And if it works, great. If it doesn't work, I guess I go back to doing what I was doing anyway. What's the worst that can happen? Unless you die or go to jail, like those are the two worst things that can happen. Anything else, you're just not taking the right swing.
Starting point is 00:21:07 Yeah. So. That was five years ago. Yeah. With 2019, I made that decision. So then in 2020, September 2020, we went off on our own. And we started our own thing with a couple of us in like a rented townhouse in the city with SWAT outside
Starting point is 00:21:20 and windows boarded up and masks and no vaccine, you know, the whole nine yards. And we're like, as long as we just go hard every day and we take it one day at a time, it's all gonna work. If I think too much about all the things, it'll never work because I'll have analysis paralysis and I'll let perfect become the enemy of good. I just need to be as good as impossible
Starting point is 00:21:44 so I can get to great, you know?. I just need to be as good as possible so I can get to great, you know? And I can go from good to great. Yeah, wow. So how do you feel then on the scale of importance right now? So then in 2020 I was a one? Yeah, yeah. I guess I'm like, I'm feeling.
Starting point is 00:22:00 I mean, you had the number one show on Netflix. Yeah, I was a number one. I feel like a number, I feel like a four right now. A four out of 10 in importance. Of importance for what I'm trying to do as a CEO. What would a 10 look like for you, of importance? I think if I've been able to build from scratch the new definition of real estate brokerage, okay,
Starting point is 00:22:24 on a global scale, which is really what we're doing, plus really use simple to redefine sales workflow automations for all salespeople, not just real estate agents, then I'll come back and do this podcast and say 10. It's gonna take me a minute though. What do you think, what do you think on a scale of one to 10 of importance you are for your daughter? Solid eight.
Starting point is 00:22:50 Yeah, I think Bluey's nine. I think Toy Story right now is a phase. I think that's a hard 10. The bunny, her mom, my wife is definitely up there. What's your name? Yaya, my mother-in-law lives with us. My sister-in-law lives with us. Her husband lives with us. We have onein-law lives with us. Her husband lives with us.
Starting point is 00:23:06 We have one big Greek household and then there's me. I just like, yeah, I come home and I'm like, how's everyone doing? Everyone doing good? That's fun, man. I'm there though. I'm like the guy, you know, I'm the dad. That's good, man.
Starting point is 00:23:17 And so you talked about, you know, your whole life you were trying to be important. Do you feel happy? I feel happier today than I definitely did for a good period of time. Scale of one to 10, happiness, where are you? 10 is like the ultimate level of joy every day. I think very rarely do I feel a 10,
Starting point is 00:23:40 and I almost do it on purpose. Because if I say 10 all the time, it's like we rate meetings. People rate meetings at nines or tens. I'm like, you don't understand. That's insane. This was a seven, right? We always have to grow somehow.
Starting point is 00:23:54 But I also don't want to be like some stubborn asshole. I don't know. On a scale of happiness today, I think I'm like a solid six and a half. Yeah. Yeah, there's good things, there's bad things, but that's every decision you make. Every day you wake up, there's gonna be good and bad.
Starting point is 00:24:11 As long as you're moving forward. Every pivot you're gonna have is gonna have positive and negative. And something I also realized was, I used to think things that were in my way were obstacles. And then I realized that no, wait, what stands in the way becomes the way. And it's no longer an obstacle, right? It's just a big question mark.
Starting point is 00:24:34 I just have to figure out how to answer that question. And then there's this amazing path ahead of me that used to be in the way. And now it just is the way. Um, and that's been helpful. the way, and now it just is the way. And that's been helpful. Like Netflix, right? Like Netflix for me when I was on Bravo was, and then Selling Sunset came out and you know. How did that make you feel when all these big
Starting point is 00:24:54 real estate shows were on Netflix and you weren't on there yet? Plus and minus, like it was still streaming, I don't know. But there's a new generation of people who watch TV now, and so, and their numbers are wild. Netflix is the largest global distribution network on planet Earth. Forget media. Netflix can put one thing out and 270 million people are alerted. You can't, you know, it just doesn't, it's wild to think about. And so, you know, I was doing Bravo
Starting point is 00:25:29 and there's all these new things happening and real estate shows everywhere and ours was great. I'm like, oh, there's this thing that's kind of like in the way from me being successful what I'm doing right now. So I can either hunker down and just tell myself what we're doing is the best, I'm gonna stay doing this thing,
Starting point is 00:25:44 or maybe what's dance in the way becomes the way. You know what? Start own company. Me and our listening has been awesome, but it doesn't make sense for me now that I have my own company. So let's sunset. Oh, we did that in 2021, and it went off air in 2022. We did our spin-off shows, all that.
Starting point is 00:26:04 Now I'm going to go pitch streamers with a new idea. Really? Yeah. Was it challenging at first? It was challenging because the market's so saturated, even for me. It's just saturated, man. There's so much stuff.
Starting point is 00:26:18 And you also have to make the determination. You could have a great YouTube show and more people could watch it. You don't have to do. You don't have to do. You have to wait six months to a year for it to come out. Exactly. So we created a format called House of Sirhand.
Starting point is 00:26:31 So you've seen our clubhouse in Soho. So we have clubhouses everywhere instead of offices. They're fun, they're content houses. There's no desks, okay? So we called it House of Sirhand. And it was about kind of the building of a company in New York. And then we started pitching it.
Starting point is 00:26:46 It took HBO, Peacock, Amazon Prime, Hulu, Netflix, something else I can't remember. And went through. And it was interesting. It obviously worked. And so we went with Netflix because they're just great partners and have the biggest network. And so we ended up going with them,
Starting point is 00:27:06 and then we changed the title to Owning Manhattan, because apparently in Sri Lanka, no one knows what a surhant is. And so it's about the thumbnail. Even for them, it's the thumbnail and the title. And so Owning Manhattan, people would understand. And it took two years, man. That was 2022. Really?
Starting point is 00:27:21 2022. Of filming or producing? 2022, it was one full year of producing, pre-production, casting, pitching, all that stuff. Before you started filming? Oh yeah, man, one year, and then a whole year of filming, 2023. So much work.
Starting point is 00:27:36 It's so much work. And you have a 90% chance that no one watches it. It may not work. Especially on streaming. Oh my gosh. Because when I did, I did a show that people didn't watch called Sell It Like Sirhan, okay? People watched it.
Starting point is 00:27:50 Just not as many as like million dollar listing. So Sell It Like Sirhan was a passion project of mine. But even though it wasn't like a ratings juggernaut, it spawned the book, it spawned the education business, it spawned a speaking tour, all these things that still exist today and are huge parts of our business, but it was cable. And so no matter what, for like 12 weeks, so like Serhan is in your TV guide.
Starting point is 00:28:12 It's there. There are commercials for three months, no matter what. And then it reruns and everything streaming. You get 48 hours for the algorithm to decide, do viewers agree with this content or are we going to drop it? And they will drop it fast because the minute you click on something that everybody else has said meant to, you might then go to Hulu. You might look at your phone. So how do you keep people from looking at their phone? Right? You have to give them hooks and cliffhangers. It's no longer arcs and storylines, it's hooks and cliffhangers, hooks and cliffhangers.
Starting point is 00:28:46 It's bite-sized content in long-form media. And so, yeah, so there was a year of filming with Netflix and then the show came out in June and worked, thank God. So it's been a few months since it came out. What was the response like for you? What did you see, whether it be online, you know, in the streets, in your business, what having a massive Netflix hit?
Starting point is 00:29:13 Oh, I mean, my life changed overnight, man. Really? Yes, yeah, like I, before Netflix, I used to tell people, like, you know, I had my life, then Million Dollar Listing happened. Like that was always in all these talks and podcasts, I'd say had my life, then Million Dollar Listing happened. Like that was always in all these talks and podcasts, I'd say, yeah, and then Million Dollar Listing happened. And then things changed, right?
Starting point is 00:29:30 I was able to, not just that people recognize me, but they would know me as the real estate guy. And that was helpful for business. I sell real estate, I don't sell toasters. And so it would also help me open doors. We always say like opportunity knocks on both sides. And so you got to go knock, and then the door would open. And now I say, until Netflix happened.
Starting point is 00:29:55 Really? It has been wild. I've never seen, between follower and subscriber growth, it was like 1.3 million, like that month. It's just organic. 1.3 million new subscribers? Yeah, that month. On what, like Instagram or YouTube or everywhere?
Starting point is 00:30:12 Yeah, Instagram, TikTok, everywhere. Just all group. Just all, yeah, just because the whole world was just told about a new world, you know? And so it's translated into every language. It's insane. There are people outside my office right now. I mean, they're all day long, all night, it's insane.
Starting point is 00:30:27 Just wanted to get a glimpse of what's happening or? Yeah, they come to the building, they wait for me, they take photos with me, they wait outside my house, they're everywhere. So far, I mean, knock on wood, but so far everyone's been super nice and just very, very like, very excited. It's been wild for business, wild for recruitment.
Starting point is 00:30:43 Really? Yeah, man, we, it's... It's changed your life. Yeah, completely. But you already had a massive business. I know, it's weird. You already had a big social media following. You've got, you know, a 15 year track record of success.
Starting point is 00:30:53 You've been on TV for years. Yeah. But this changed it even more in the last few months. Yeah. Really? Yeah, I can't even... So it was worth the two years of waiting and filming and pre-production. Like, was it worth that wait, I guess? Yeah, you were only even. So it's worth the two years of waiting and filming and pre-production,
Starting point is 00:31:05 like was it worth that wait I guess? Yeah, you were only as good as your last deal. That's what I tell salespeople. You're only as good as your 1099 and you're only as good as your last deal. I don't care what you're working on right now. You're only as good as the last deal you did. So if I did a TV show, that's amazing, it was great.
Starting point is 00:31:22 What did you do with it? How did you make it work for you? Because you're only as good as that show that used to be on the air. Five, seven years ago. Yeah, so you have to be constantly moving and constantly iterating, and it's also exhausting. But for me, it's also fun to think about new things.
Starting point is 00:31:41 And on the new show, I'm an executive producer, I have a significant amount of control compared to Millionaire Listing where I was just talent. And- Even on season one, you were an executive producer? I was a producer on season one, but they can't do the show without me. It's about me.
Starting point is 00:31:53 So you're creative control. Season two, we just started filming season two. We got picked up for season two. We just started and it's- Congrats. So far- So you announced that, yeah. Yeah, it's awesome.
Starting point is 00:32:02 And so I'm an executive producer now and every day I show up, I'm like, hey, EP energy. Yeah, it's awesome. And so I'm an executive producer now. And every day I show up, I'm like, hey, EP Energy. Yeah, yeah, yeah. So this is what we're going to do, OK? But we get to have, like Netflix allows us to have fun. Like cable TV, you turn on ESPN, you know what you're going to get. You don't know if it's going to be Sports Center or something
Starting point is 00:32:20 else. You know what it's going to look like, and then we're talking about sports. Netflix, you turn it on, and you actually are looking for something you haven't seen before. Maybe you have an itch because you like true crime. Or documentaries. Exactly.
Starting point is 00:32:33 But you're not going to watch something you've seen before. That's actually one of the problems. It's like, I kind of saw that movie already. They need new content. Different people. So how do you scratch that itch of newness? So Netflix is super open to like, if anyone's watched Owning Manhattan,
Starting point is 00:32:48 it is not a normal reality TV show. It is like a docu-series taking place in a workplace with real estate as kind of the skeleton with a narrator. Like I narrate the show as a real estate show with a voiceover. So cool. And there's, you know, a lot of the reviews when they came out were like, this is awesome.
Starting point is 00:33:10 Because I didn't know that I wanted to watch this. And so you asked me about feedback, like, I mean, we did Millionaire Listing for 10 years, two Emmy nominations, I did four spin-off shows. Crazy, man. Right? So much work. I'd never been in Vogue. I'd never been-off shows. Crazy, man. So much work. I'd never been in Vogue. I'd never been in Time magazine.
Starting point is 00:33:29 The level of, I think, awareness that Netflix brought to our business, it is a content to community, to commerce engine. Wow. And then it just fuels everything else. And for our agents, they're excited about it. It's actually been more beneficial for our company outside of Manhattan. Really?
Starting point is 00:33:48 Because in Manhattan, it's like a given. Everyone knows you guys. And no one cares. Yeah, yeah. North Carolina, South Carolina, so that they can have a piece of what we're working on is really, really, really exciting. The owners there, the buyers there, the sellers there.
Starting point is 00:34:02 And we have a wait list for agents to join our company in every single state, right? And in 45 countries at this point. So it's just bandwidth. It's just like bandwidth and quality, because it would kill us, we would die. But hopefully it was simple.
Starting point is 00:34:17 We'll be able to do it much simpler. It's pretty amazing because as I just hear you talk about your experiences and everything you've done, you said 10 seasons worth Million Dollar Listings, is that what you said? Four spin-off shows. I know when you first came to New York, you were trying to become an actor.
Starting point is 00:34:33 I can't remember, was it Hand Model or your actor? I was Hand Model, yes. Hand Model acting. Yes, yes, Hand Model. And it's almost like the last 15 plus years, like all the things that didn't work out or did work out, they've all come together in this culmination with Netflix where you're, I mean, they need you so much to be an executive producer because of the knowledge you have from 10, 14 shows you've done already. Like in reality
Starting point is 00:34:55 TV with social media, blending it together. You can't find a TV executive that has the wisdom that you have in terms of like how to do this. As a creative, telling the hooks, understanding short form, long form. It's pretty fascinating that they got you and it's amazing that it worked out. I'm so happy for you, man. You deserve it. So I'm glad they picked it up for season two. You're great. I want to ask you a little bit about real estate, but this has been fascinating.
Starting point is 00:35:26 Before I dive into the real estate stuff, I'm sure you've already analyzed yourself. I'm guessing you've already analyzed yourself psychologically from your childhood about the need for importance. I'm assuming you have, or you've reflected back, or you and your wife have maybe been like, okay, what makes you so driven? Why are you so driven to excel and achieve constantly
Starting point is 00:35:48 and needing more and more and more? Was there a feeling or an energy when you were younger where you just didn't feel important, that you didn't feel seen or you didn't feel accepted? Because that's something I felt most in my childhood, but was there a defining moment for you where you felt like, I'm important. I want to be important. So I come from a big family. Right. So there's three sisters, two brothers, and I think you're the youngest, second youngest. I think I spent a long time trying to figure out what my thing was. And I think most people do.
Starting point is 00:36:26 I don't know, what should I do? There's optionality now. It's not the way it used to be. We're so thankful that it's not 1950 anymore. But at the same time, 1950 was simpler. Like, you had your options. You know what you're going to do. You know what you're going to do, for the most part.
Starting point is 00:36:40 Today, there's just mass optionality, and it's scary. It's like going to a restaurant with a 50 page menu. Like I came for steak, but now I don't know. I don't know what should I do? Should I do that? Oh, you have a Mediterranean menu. What do I do? Should I travel?
Starting point is 00:36:54 I don't know. And so I tried every single sport, you know, I took every class. I was as well rounded as you could imagine because I just didn't know and I wasn't great at anything. Like there wasn't one thing I was like great at, even acting, I think I was good. It was good.
Starting point is 00:37:13 I mean, you had good hands, you know? I had good hands, yeah, yeah, yeah. I was good, but it wasn't great. And I think that I like subconsciously told myself, one day I'm gonna figure out what my thing is. And once I do Everybody better watch the out Because I am going to go so hard. I don't know what it's gonna be. I might be a garbage man
Starting point is 00:37:34 I might I might be an artist. I might be a poet. I don't know. I don't know But once I figure it out, I spent my whole life Trying to figure out what I want once I figure out what I want and what I'm great at, I will never, ever, ever let it go. So to the consistency and to the capacity, the minute I, as an accident, got my real estate license because I needed to pay my rent, I didn't want to bartend or wait tables or do any of that.
Starting point is 00:37:58 I got my license, Lehman Brothers files for bankruptcy. The whole real estate world files out. 2008, right? 2008. I didn't have a job. I mean, I didn't have any money. So I was like, I guess this is just hard. And so once it clicked and I just started doing it,
Starting point is 00:38:14 it's like, I'm gonna do this every day. It's just volume for me. I'm not gonna take this personally. I tried acting, acting is personal. You get rejected to your face because of your face. So I am going to just go hard all day, every day. I'm not gonna be the most connected. I'm not gonna be the best looking, but something no one can take away from me
Starting point is 00:38:33 is how hard I'm gonna work. I'm gonna wake up earlier and go to bed later. And I don't care what anyone else says, modern day gurus about how the grind is dead, doesn't matter. That's great when you have money. When you're rich, you can talk all day long about work-life balance.
Starting point is 00:38:50 When you are trying to figure out how you're gonna pay rent and pay your groceries, your work-life balance, you have to just grind and you gotta take it one day at a time. I know you're working harder today than you did yesterday and that hard work, what ends up happening is you work so hard, you make luck easy to find.
Starting point is 00:39:10 And so then lucky things start to happen. You get that first big deal that pays your rent for a year. And I remember depositing that check for like 24 grand. Crazy feeling, right? Yeah, at the Chase Bank in Tribeca. And then I was like, great, what's the next one? And then you do that next big one. And then you get two years ahead, four years ahead.
Starting point is 00:39:26 Yeah, and then you go to the open casting call for Million Dollar Listing New York. And then that happens. I'm like, all right, I'm gonna keep working even harder because the harder I work, I make luck even easier to find me. And then you just start building and building and building. And it's that never letting go thing.
Starting point is 00:39:43 Like, you know, I said, sell it like Sirhan as a TV show we did for Bravo in 2016, 17. That was my, I want to say 30th. It might've been more pitch to Bravo. Wow. And I think they agreed to it because they were sick of me. I think they were like, guys, if we don't at least give Ryan one thing, he's going to pitch us on the next real estate doctor, the next apprentice, but for real estate show.
Starting point is 00:40:13 And I had all of them. I pitched all of them. They didn't accept any of them, rightly so. I will just never give up. And I will come to you until you buy or you die. Across the board. Buy or die. Yeah, that's it. I like that.
Starting point is 00:40:29 There's no choice. You had this article out earlier this year called the five bold predictions for the real estate game in 2024. I'm not even sure if you remember this, but you said, I'm gonna quote you, 2024 is shaping up to be a real estate game changer. A high stakes presidential election looms.
Starting point is 00:40:45 Interest rates are finally falling. Home prices continue to rise. There's trillions in cash on the sidelines and pent up demand for property purchases is explosive. We stand at the intersection of opportunity and challenge, a position that demands careful consideration for those navigating the path of buying or selling property this year. As we face these pressures, the question remains,
Starting point is 00:41:07 what happens next? And I'm curious, what has happened so far as we get close to finishing out 2024? Were the predictions that you had the beginning of the year coming true? And we have no clue what's gonna happen at the end of this year, but what do you have no clue what's going to happen at the end of this year. But what do you think is going to happen in real estate in 2025?
Starting point is 00:41:29 Mm hmm. I'd say the one prediction that I made that has not come true, as I thought we would see more home absorption this year than we saw in 2023. I was pretty convinced, like most of the market. More people buying up homes? Correct. Like investors. 2023, so just the United States, not globally. 2023 saw the fewest home sales in 30 years, right? Just about 4 million. Is that because interest rates were so high?
Starting point is 00:41:55 Interest rates were too high, right? So 90% of people who have mortgages in the United States have them under 5%. So when rates went to 8%, no one was refining, no one would sell, I can't afford to sell. Buyers all said, what am I supposed to do? My monthly costs now just shot through the roof. It was so abrupt and so sudden for good reason, I think,
Starting point is 00:42:17 that the housing market just basically came to a standstill and across the country, you had no inventory, we're short. I mean, what pundits will say is we're short about 4 million homes. And across the country, you had no inventory or short. I mean, what pundits will say is we're short about 4 million homes. I think we're actually short something like 6 million homes. And so, what do you do, right? And so I assumed that coming into 2024,
Starting point is 00:42:38 what goes down must go up, what goes up must go down. So we can't have a worse year. Turns out, looks like 2024 is gonna see even fewer home sales than last year because it took the Fed nine months to start adjusting rates instead of three to six months, right? A lot of people were calling for Fed cuts in Q1
Starting point is 00:43:00 and then it was Q2, then it came in September, but the market had already baked in the cuts. So mortgage rates haven't truly truly seen any like major effect, but they are at like 20 month lows right now, which is nice when you say it that way, but they're still at 10 year highs. It is just a mindset shift.
Starting point is 00:43:22 We need mortgage rates to get down healthily into the fives, which will enable people to buy down points into the fours. If you can get a loan with a four handle in front of it, then the market will start being far more liquid and will move because you gotta give incentive to people who are in these damn homes to move. And you've gotta give incentive to developers at these rates to create more housing inventory. Like it's just too expensive to move. And you've got to give incentive to developers at these rates to create more housing inventory.
Starting point is 00:43:46 Like, it's just too expensive to build. And so all of that has kind of created this stagnation effect in 2024, where I think last year we had 4.1 million homes sold in the United States. This year will probably be sub-four. Wow. Which means that in 2025, it couldn't get less? Sure.
Starting point is 00:44:06 But I think there are so many economic indicators right now that are pointing towards even lower rates, greater economic stability, totally non-dependent on who wins the election. If you look the last nine of the 11 presidential elections we've had, the housing market has actually increased. Absorption has increased and pricing has increased nine of the last 11 times, which is like 1982. The only two times it hasn't, 2008 Lehman Brothers and 2020, right, COVID. So it's been like these huge, huge, huge moments.
Starting point is 00:44:44 I think that what we'll see in 2025 is you're gonna see rapid absorption of current stock. You're gonna see greater listing inventory than we've seen in the last three years. You're gonna see even more Gen Z purchasers purchasing with baby boomer dollars. Really? Of all the Gen Z right now in the United States is outpacing millennials in home buying. Wow. But why is that? Because 75% of the deals that Gen Z is doing are financed
Starting point is 00:45:14 by their parents because the greatest money making generation we've ever seen are still the baby boomers. And they're also the greatest saving generation because they came out of parents from the Depression. Like my dad, his dad had polio. No one knows what polio is anymore, right? You have to Google it and it's in black and white. Right, right, right. So like that guy, my dad would save, like he would, he would do
Starting point is 00:45:45 nothing for $5. Every penny. Yeah, yeah, yeah. You know, it is insane to me. He paid me a penny a stick growing up to pick up sticks. And I understand why, and I'm sure I will have those tendencies with my own daughter.
Starting point is 00:45:57 You know, I'm like, Hey, save up wifi bandwidth. Yeah, yeah, yeah. What if the wifi goes down? And she's be like, dad, it's in my brain now. There's no wifi anymore. it's just hi-fi. Damn it, kids these days. That's gonna be me. Wow, so parents are giving their kids money to buy homes.
Starting point is 00:46:12 So much money. Why would they give them money to buy homes? Are they putting their names on it or just saying, hey, this is your money? Because the alternative is you pay your kids rent or your kid lives with you. So you know what? I'm making an investment.
Starting point is 00:46:26 You go pay the caring costs is what most parents are doing. You cover the common charges, the HOA fees, the real estate taxes. It's gonna be my apartment, I'm gonna own it and we'll see what happens. And there is, that's happening everywhere. Really? Everywhere.
Starting point is 00:46:42 But the parents are still owning it. Correct. They're not just saying, hey, I just here's a million dollars or half a million dollars, go buy a home and it's yours. No, because it's gift transfer, it's gift tax. Interesting. So you've got to go, so the parent,
Starting point is 00:46:52 you can go buy a house, you know, and your kid can use it. That's really what it is. Wow. Yeah. That's fascinating, man. How has this impacted you guys in terms of selling homes? Market, well, dude, I'm dressed like a baby boomer right now.
Starting point is 00:47:06 I've got a brown jacket on. I've got like a tan shirt. I've got closed toe shoes. I'm all about those baby boomers. Like, let's go find little Sally. How has this impacted you guys in 2024? It seems like you guys are crushing it though. We are.
Starting point is 00:47:19 Even though less homes are being sold or less buildings are being sold. We're crushing it in part because we are, we're expanding so quickly. In other states. Yeah, two ways companies can grow. You grow through growth, or you grow through cost cutting. So in 2022 and 23, especially in tech,
Starting point is 00:47:38 you saw a lot of companies improving their numbers because they were just cutting the bottom line. And they were firing everybody, reducing costs everywhere. Hey, no offices, no problem, no overhead. And then their numbers look great, right? You're just trying to improve margins or you expand fast. Like we, I crossed my entire 2023 revenue, I crossed in like June 5th or something this year,
Starting point is 00:48:02 because we're also just growing so quickly and all the work we did last year pays out this year. And in sales, it's not like e-commerce where I'm two quarters ahead. Yeah, but we're also, the work we put in right now, we're not gonna see results from those salespeople doing deals and all that stuff happening until next year. So we're always like a year ahead.
Starting point is 00:48:22 So what we're experiencing right now in our numbers and our sales is to the benefit of all the work that we actually did when we were hunkering down at this time last year. And this time last year was brutal. We were like, are there, what are we gonna do? Like rates are high. The market is really, really tough.
Starting point is 00:48:38 People are being let go left and right. We have to go to war. We gotta put our brave heart face paint on, right? And they cannot take our freedom. It's just like we are going out to battle and we've gotta operate with a startup mindset, no matter how big we are every single day. And that's gotta be a part of our purpose
Starting point is 00:48:56 to the beginning of our combo. Wow. What about people who wanna invest in real estate? If they're thinking of investing in anything in 2025, should they put their money in real estate if they're thinking of investing in anything in 2025? Should they put their money in real estate? Is it too expensive to buy right now or in 2025? Should they be saving their cash? Should they be investing more in themselves? Should they be investing in stocks? Where do you think people should invest in in terms of real estate?
Starting point is 00:49:18 I'm super biased. I think real estate is one of the safer investments you can make as long as it's not short term. I don't like giving people short term real estate advice one of the safer investments you can make, as long as it's not short term. I don't like giving people short term real estate advice, unless it's fix and flip. There's tons of fix and flips you can do. There's a lot in Florida. Unfortunately, it is what it is. Anytime there is natural disasters,
Starting point is 00:49:38 you see investors come down. And what they're really doing is, are they taking advantage of a bad situation? 100%. Are they providing immediate liquidity for maybe a lot of people who didn't have home insurance? 100%. So you can look at it from both sides of the coin, right? You don't do any fix and flip yourself as an investor, right?
Starting point is 00:49:57 No. Because we're mostly in like, you know, we're in luxury markets. Do you do any investing in real estate yourself? We have real estate investments. I invest in companies mostly. So real estate adjacent companies, tech companies, consumer product companies.
Starting point is 00:50:12 They're fun for me. You don't own a lot of real estate that you're managing because you don't want to manage real estate. Yeah, not really. You know what? Because it's all I do all day long. It's literally all I do.
Starting point is 00:50:22 I feel like if I was doing something else, like most of my clients do, owning real estate ends up becoming fun. For me, I buy and sell real estate for clients all day, every day. It's kind of the last thing I want to do, is let's go do more real estate, personally. That's where I get excited in education, and media,
Starting point is 00:50:41 and the TV shows, and people people and different types of companies. Like I'm an investor in Blank Street Coffee. Why? Because it's a coffee company and that's awesome. And they have cool tech and they can open up stores faster than Starbucks. And it's like, that's crazy. You know, like we do weird things that way.
Starting point is 00:50:59 That enabled my brain to start. I feel like there's a part of my brain that gets to work at that, you know, when I think about companies like that. they're like, oh, we're here, we're here, we're here. It's like the kid in the back of the room, you know, gets to raise his hand. He's like, oh, I know that one. It's important to light all the fires. Do you work with a lot of successful real estate investors
Starting point is 00:51:15 who are like buying up either just single family homes or apartment buildings or commercial real estate? Yeah. What are they talking about? What are they telling you about what they're looking for to invest in that you're selling them? I mean, for the last two years, it's just been about blood in the water, right?
Starting point is 00:51:32 It's using interest rate pressure on existing portfolios to help bail people out and get market rate discounts. So, you know, you can buy things at 20, 30, 40, 50% off because somebody's got a, has a 3% note that is ballooning to 7.5% by November 1st. And that's where you see a lot of resets. We do a lot of office to residential conversion right now, especially in a lot of our urban markets, yeah.
Starting point is 00:51:58 So the whole building, office building, converting to apartments. Being sold, something that used to have a markup of let's say $700 million sells today for 100 million bucks. Because the basis on residential is short term, right? Especially if you're going to create condos out of it. It's one time and then the condo developer has to pay income tax.
Starting point is 00:52:16 That's how the government looks at it. So there's a lot of unique opportunities out there. But there's always opportunities. Everything's a potential opportunity. It just depends on where you want to be, what your capital requirements are, what your debt structure is going to be like. There's a lot of people buying up real estate at what I think
Starting point is 00:52:36 are terrible multiples right now with awful cap rates, but they have a much, much, much longer term view. And they want to own market share. And so that's interesting to me, you know, to go out and you can actually overbid against institutional players who are trying to underbid because they have certain hurdles they have to hit. And you can now just go grab that market share and you get to say you have a thousand units in 2030. And at the rate at which rents are increasing, at the rate at which even inflation at 3% is increasing, by 2030 you'll be good as long as you can protect cash flows.
Starting point is 00:53:11 And that's where people get hurt. Speaking of 2030, there's supposed to be this whole 2030 agenda where people will own nothing and be happy. I don't know if you've seen this. Oh my God, I have a billionaire right now. That's so funny. You know, have you seen this? The 2030 agenda where it's like,
Starting point is 00:53:24 you'll own nothing, you'll be happy. Everyone wants to be like Elon Musk, that's all. But I do have a billionaire right now who's like, I want to own less things. I'm like, great, how can I help you? Let me sell that for you. Yeah, just all my, so my house is in, where are they? Montana, Texas, New York, and Florida.
Starting point is 00:53:43 Just want to sell everything. Should you consult your wife before? Are you currently drinking? Are you currently under the influence of anything? You know, no, we just decided to sell. So we put everything on the market. Really? Yeah, it's like $270 million with a personal property
Starting point is 00:53:56 and just houses and pita tears and things. We're like, yeah, I don't care anymore. Let's just sell it all. OK, great. And we will. And we'll sell it. I think that- Why do you think that is for that billionaire?
Starting point is 00:54:05 I think it's a phase. Really? I think it's a phase. What's the age range of this person? He's 60s. He's 60s. It's also a lot of stress to manage all those things. Yeah, he can afford it. Like why have all these properties if you're not in them ever?
Starting point is 00:54:21 Yeah. If you use them- You say cool hotels. Here's what's going to happen. Everyone's going to go through that phase. And in a couple of years, everyone's going to say, meh, I want to just keep my clothes in one spot. So at the same time, I have that guy selling off
Starting point is 00:54:34 just under $300 million worth of personal property because he wants to own no things. I then have another billionaire who is, I don't know where he's based. I think Puerto Rico, via Florida. He's now saying, I no longer want to have a hotel room in LA and in New York City. So just give me the two best properties,
Starting point is 00:54:54 all in plus closing costs. I don't want to spend more than $18 million. So just go figure that out for me. And so we're doing that right now, like two day actually. Wow. And so we're doing that right now, like two day actually. Wow. What um... This podcast has covered a lot by the way.
Starting point is 00:55:09 It's great, yeah, yeah. What about the, I mean, how many, you work with a lot of billionaires because you have a massive luxury real estate industry that you're in. What would you say are the common themes of the billionaires you work with on how they think differently than normal people without a billion dollars? I'd say there's two types the billionaires you work with on how they think differently than normal people
Starting point is 00:55:25 without a billion dollars. I'd say there's two types of billionaires. There's earned wealth and then there's inherited and there's inherited wealth. Inherited wealth is far more afraid of it than the earned. Losing it or afraid of having it? Both. Every trust fund kid I've worked with,
Starting point is 00:55:45 anyone who's stepped into a significant amount of money, they know inherently that it's not theirs and that they didn't earn it. And there's a fear of the money. It's wild. You would think that someone who's broke, poor, like myself in 2008, like can't afford groceries. I was also scared of money, but I knew if I had it,
Starting point is 00:56:08 I would not be scared. I would use it and I would figure it out and it's gonna be a tool. No one's crying tears for billionaires, but there is that inherited wealth kind of dilemma, which is then, that's the Malcolm McDowell bell curve. The person who earns it takes the family up, the person who inherits it takes the family down
Starting point is 00:56:26 every f***ing time. The earned billionaires and billionaire class, okay, their number one asset isn't their money, it's their time. Down to, you know, we negotiate nine figure deals just by text or by signal. A lot of them use signal. Really? Yeah, that app signal. A lot of them use signal. Really? Yeah, that app signal.
Starting point is 00:56:47 Just texting. Just texting, they don't have time. You want this, here's a photo. It can also be screen shotted. So like you gotta be careful, it's all in writing. It's all there, right? But they don't have time. They'll get on a phone to do a gut check,
Starting point is 00:56:59 but for the most part, this is the price, it's just a fact. Cause they'll probably spend their time researching who they trust the most, who's gonna get the best deal for them. And they're the best analysts. And once they make the decision, okay, you're my guy, I trust you, find me three options,
Starting point is 00:57:13 I'll choose the final one. Exactly. They also do other things like, I've talked about this before, but the majority of the billionaires I know, when we go to dinner, let's say, you don't go to bad restaurants, you don't go to good ones. And what's the point of looking at a menu
Starting point is 00:57:26 at a good or great restaurant? Tell the waiter, if you have any allergies, tell us to bring your best, surprise me. It's a far better use of my time for the hour, hour and a half we have here at dinner for you and I to talk than for me to sit here and say, what's the halibut like? It tastes like halibut, man. Like, what's the question? What is that whatever he's having. Yeah, yeah. Hey, exactly. Did you bring me, bring me whatever it's a duck.
Starting point is 00:57:47 Is the duck alive? No, it's not. Okay, great. Perfect. Perfect. Where are we eating right now? How do they, so they think about their time. Yeah.
Starting point is 00:57:55 Um, you know, I'm not sure if they're eating or not, but I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating.
Starting point is 00:58:02 I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. I'm sure they're eating. whatever, is the duck alive? No, it's not alive. Okay, great, perfect. Where are we eating right now? How do they, so they think about their time. Yeah. What other habits do billionaires have that have helped you level up your life and your business
Starting point is 00:58:16 just by being around them? They think about things at 100X. Like it's not 10X anymore. It's not 2X, it's not 3X, it's 100X. How is everybody your partner? What's that collaboration? You know, what can I build to scale a hundred times? And that's had a huge influence.
Starting point is 00:58:35 One, how I manage my time, right? But also that's had a huge influence on me building a business, right? Was, okay, how do I build a business that I can scale to a, right, whatever that means? Why go small? Like, why take a small swing? Why not just take a big swing?
Starting point is 00:58:51 My life was fine as a real estate agent. I'm going to start my own company. I'll start four. And then I did all these TV shows. Let's do a bigger one. And let's get to a valuation as an enterprise, where we really swing for that $10 billion multiple. Why not?
Starting point is 00:59:09 Why not? And I don't know how I'm going to do it right now, but I'm getting there. And we will figure it out because I will be as consistent as possible until you buy or die. Wow. It's just, you won't let go. And that is like they are relentless in their capacity
Starting point is 00:59:26 and their consistency and their risk taking. They're far bigger risk takers than I am, that's for sure. Yeah. Like it's scary to risk money. It's a lot, man. But it's, life is a gamble. So what's money? Yeah.
Starting point is 00:59:42 You talk about, I got a couple of final questions for you before I get you out of here, but you've talked about, you said you work for your future self, your seven-year-old self. You're working for him. Yeah. When you mentioned that, that's something I think about a lot is my future self.
Starting point is 00:59:54 What would my future self want the decisions I'm making today to be for him? Yep. You know, what am I doing that's gonna make him proud? Just kind of like you said, it's something I think about a lot of. What is the advice your seven-year-old self needs to give you right now in your life that will really make him happy?
Starting point is 01:00:11 Something that you're not doing yet. Because you're doing the hard work, you're getting up at 4 a.m., you're grinding, you're in great shape, you got a six pack, you're eating the right things, you're building the business, you're taking risks. You know, you're there for your family, but what does your seven year old self
Starting point is 01:00:26 really need to tell you that you need to listen to today? I think it's a couple of things. It was the thing I woke up with on my 40th birthday, which was you're no longer waking up to be important anymore. You're now waking up to be happy. And what does that mean? Maybe it means to be important.
Starting point is 01:00:42 Maybe it doesn't. But you have to ask yourself that question every day. Two, I think my 70-year-old self is telling me to remember. You're never going to remember your tasks. You will only remember your adventures. And as much time as I spend on email and in meetings and in commuting, like I'm never gonna sit there when I'm 70 and remember that email.
Starting point is 01:01:09 Like it just, no matter how much importance there is today, it will mean nothing to me in 30 years, but I will remember the adventures, right? I will remember the stories. And I think the third thing he would say is there is nothing without being present. Like there is just that opportunity to be present, especially, you know, as Zina, my daughter's like five and, you know, I spent all my time at work and how do you balance
Starting point is 01:01:38 that? You know, you have family, you have obligations, you have responsibility. Where do you find the synergy? Where do you make a difference? And where can you be as present as possible? And just look other humans in the eye and make sure, and I kind of like this, make sure that I don't spend my entire life just being a human doing, but being a human being.
Starting point is 01:02:03 Yeah, that's beautiful, man. How can we support you right now? You've got so much going on, your business, the Netflix show, you've got books, you've got a course, all these different things, but how can we support you? What can people do to be of service for you? Oh, you know, just be my friend. Yeah.
Starting point is 01:02:21 See me on the street, say hi. We do a lot. If you're looking to buy, rent, sell, or develop real estate, you can find us at SirHant.com. If you want some fun entertainment, you can go watch the first season of Owning Manhattan, which is now on Netflix. You can follow us on any of our socials,
Starting point is 01:02:37 Ryan Sirhand or Sirhand. If you're in real estate or in sales or part of an enterprise sales team, you can go to sellit.com. I think it's the best next gen sales training for salespeople and sales teams. And other than that, man, just live a life worth living. That's good, man, yeah. Two final questions.
Starting point is 01:02:58 I think I asked you this before, but I'm curious. You gave advice from your seven-year-old self to your current self just now. But if you could go to hypothetically the last day, you get to live as long as you want, but then it's the last day on earth. However old that is for you. And you've accomplished all your dreams.
Starting point is 01:03:16 You've accomplished everything. You take the risks, the shots, it all works out. You see your family grow. Everything you wanna do, it happens. But on the final day, you have to take everything you've ever created with you. So all the content, this interview, your TV shows, the books, the programs, like it's all gone or it goes with you or it's gone. And no one has access to the content you've created in your existence here.
Starting point is 01:03:40 And you've made a lot of content, right? But in the last day, you get to leave behind three lessons. And this is all we would have to remember Ryan by. What would be those three lessons? I call it three truths. What would be that for you? Well, number one is take care of the work. The work takes care of you.
Starting point is 01:03:57 Number two is you are the people you keep. Like spend a lot of your time with other people. Make sure you're with the people you want to be like. Yeah. Right. And then number three would just have to be like living a life that's actually fun, right? Just be fun.
Starting point is 01:04:18 Yeah. Otherwise it's just not worth it. Yeah, that's beautiful, man. I would acknowledge you, Ryan. I've got one final question, but I want to acknowledge you for the journey you've been on. It's again, it's been fun to watch your journey from the sidelines and we're connected.
Starting point is 01:04:31 Only just beginning. I know, it's only just beginning, but it's been fun to see you reflect on it also with all the big successes you've had, the failures, the struggles, the opportunities, everything. It's fun to see you reflect on it right now. And I'm excited to see, to see the next five to 10 years where you're gonna be at and the impact you're making.
Starting point is 01:04:49 And I think what you do is you show up with a lot of joy, a lot of passion, and you wanna serve people. Obviously, you wanna make sales and you're constantly selling it, but you wanna serve people as well. And not a lot of people can bring that passion and joy to what they do every single day. And I know you're not perfect,
Starting point is 01:05:05 but you bring a lot of energy. And I think the world needs positive energy in whatever industry people are in. And as something that could get tiring for people, like selling real estate could be boring after a while, you bring a level of excitement and joy and passion that most people aren't willing to do. So I acknowledge you for that.
Starting point is 01:05:24 And I acknowledge you for being reflective. I know it's not easy to reflect on these things, but I think it's important for people to see the human side of you beyond just the success side of you. And I hope that you know that you are important, whether you sell a billion dollars of real estate or not, because you have a beautiful family, you've got a daughter that cares about you, and you're making a difference in their lives. So I hope you know whether you are successful beyond where you're at now or not, you are important,
Starting point is 01:05:52 and I hope you feel loved and happy in the journey no matter what the results are, because you deserve it. I don't know what just happened, but thank you. You're welcome, man. You're welcome, man. My final question is what's your definition of greatness? My definition of greatness is not self-reflective. I would ask everybody else.
Starting point is 01:06:18 I only think I'm great if everybody else affirms the greatness, right? So I think it would have to be attached to the public affirmation, you know, because I don't think anyone's great in a bubble or a vacuum. I think great is a definition that's attached to a lot of other really good things and okay things
Starting point is 01:06:38 and bad things and terrible things. And so I look at greatness through the eyes of every single person I've ever interacted with or come in touch with or ever followed or subscribed to me. And that's a weird answer, but I'm gonna leave it at that. There you go. My man, Ryan, appreciate you brother. Thanks.
Starting point is 01:06:58 I hope you enjoyed today's episode and it inspired you on your journey towards greatness. Make sure to check out the show notes in the description for a full rundown of today's episode with all the important links. And if you want weekly exclusive bonus episodes with me personally, as well as ad-free listening, then make sure to subscribe to our Greatness Plus channel
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Starting point is 01:07:35 And I wanna remind you if no one has told you lately that you are loved, you are worthy, and you matter. And now it's time to go out there and do something great. What's up?

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