In today’s world, there are approximately 2,640 known billionaires.
Ryan Serhant, a successful real estate broker, has worked with 94 of them.
Through his interactions with these incredibly wealthy individuals, Ryan has gained invaluable insights into their habits, mindsets, and ways of conducting business.
In this blog post, we will explore the six key lessons Ryan has learned from his experiences with billionaires.
________________________________________________________________________
- Ryan Serhant shares 6 valuable lessons learned from working with 94 billionaires.
- Discover the communication, time management, and spending habits of the ultra-wealthy
- Gain insights into building trust and solving unique challenges in the world of billionaires.
________________________________________________________________________
6 Lessons Learned from Working with 94 Billionaires
- Texting Over Calling
Billionaires understand the value of time more than anyone else.
They prefer texting over phone calls because it allows them to communicate efficiently without wasting precious minutes.
Even with multimillion-dollar transactions, billionaires often negotiate through text messages or voice notes, using apps like Signal for added privacy.
Serhant has even negotiated multi-million dollar real estate deals entirely through iMessage.
The takeaway? If you want to work with billionaires, embrace texting as a primary mode of communication.
- Expertise in Time Management
Billionaires are masters at not wasting time.
When dining with them, Serhant observed that they order immediately without spending time reviewing the menu or asking for specials.
They make decisions quickly and efficiently, understanding that every moment counts.
This mindset extends to all aspects of their lives as they prioritize their time and make the most of every opportunity.
- Trust is Paramount
Billionaires are constantly on guard against being taken advantage of, which makes it challenging to gain their trust.
They have learned from past mistakes and are cautious when new people enter their inner circle.
To gain their trust, Serhant employed strategies such as working for free initially and building relationships with their outer circle of trusted individuals.
However, once trust is established, it must be maintained at all costs.
A single mistake or breach of trust can result in the immediate termination of a relationship, regardless of its duration.
- Strategic Spending
While billionaires are not afraid to spend money, they do so strategically.
They understand the difference between possessions and growth and allocate their resources accordingly.
They may be frugal in certain areas but willing to invest heavily in opportunities that promise significant returns.
Billionaires view their material possessions, such as yachts and properties, as investments in future business opportunities rather than mere displays of wealth.
- Focusing on Core Strengths
Billionaires focus solely on what they are absolutely best at and uniquely qualified to do.
They delegate the minutiae and lower-level tasks to others, allowing them to concentrate on the most critical decisions.
Serhant learned that to emulate their success, he needed to prioritize his time and energy on his core strengths while leveraging the skills and expertise of others.
- Billionaires are Human Too
Despite their immense wealth, billionaires are regular people with regular problems – albeit higher-quality problems.
They face issues like mechanical troubles with their private jets, which they can’t discuss with just anyone due to the awkwardness of displaying wealth.
Ryan learned that by helping billionaires solve their unique problems, he could gain access to their inner circle and build strong relationships.
Working closely with 94 billionaires has provided Ryan Serhant with a wealth of knowledge and insights.
By understanding their preferences for communication, value of time, importance of trust, strategic spending habits, focus on strengths, and human nature, Ryan has successfully navigated the world of the ultra-wealthy.
These lessons can be applied by anyone seeking to build relationships with highly successful individuals or aiming to adopt the mindset of a billionaire in their pursuits.
Subscribe to our daily newsletter.
Leave a Reply