Ryan Serhant

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.

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, 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, can't afford groceries. I was also scared of money, but I knew if I had it, I would not be scared.

Every trust fund kid I've worked with, 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, can't afford groceries. I was also scared of money, but I knew if I had it, I would not be scared.

I would use it and I would figure it out and it's gonna be a tool.

I would use it and I would figure it out and it's gonna be a tool.

you know there's no one's crying tears for billionaires but there is that inherited wealth kind of dilemma which is then you know 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 every time the earned billionaires and billionaire class okay um their number one asset isn't their money it's their time

you know there's no one's crying tears for billionaires but there is that inherited wealth kind of dilemma which is then you know 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 every time the earned billionaires and billionaire class okay um their number one asset isn't their money it's their time

down to we negotiate nine-figure deals just by text or by signal. A lot of them use signal. Really? Yeah, that app signal. Just texting? Just texting. They don't have time.

down to we negotiate nine-figure deals just by text or by signal. A lot of them use signal. Really? Yeah, that app signal. Just texting? Just texting. They don't have time.

So you got to 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, but for the most part, this is the price, it's just a fact.

So you got to 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, but for the most part, this is the price, it's just a fact.

They also do other things like, and 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 go to good ones. And what's the point of looking at a menu at a good or great restaurant? Tell the waiter, if you have any allergies, tell us to bring your best, surprise me.

They also do other things like, and 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 go to good ones. And what's the point of looking at a menu 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 in halibut, man. Like, what's the question? What is that? It's a waste of their energy.

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 in halibut, man. Like, what's the question? What is that? It's a waste of their energy.

So like now I've been in the situation where I'll pick up the menu and looking at it and I'll just see them looking at me and I'm like,

So like now I've been in the situation where I'll pick up the menu and looking at it and I'll just see them looking at me and I'm like,

Yeah, yeah. Hey, yeah, exactly. You should bring me, bring me whatever. Is the duck alive? No, it's not alive. Okay, great. Perfect.

Yeah, yeah. Hey, yeah, exactly. You should bring me, bring me whatever. Is the duck alive? No, it's not alive. Okay, great. Perfect.