Business School is hosted by Sharran Srivatsaa, President of Real (TSX: REAX) (NASDAQ: REAX), the fastest-growing, publicly-traded, real estate brokerage in the world. Sharran grew Teles Properties by 10x in 5 years to $3.4 Billion in sales and eventually sold the business to Douglas Elliman. Sharran is also an accomplished “deal guy” and private equity investor. He is the Chairman of private equity firm Highland Prime which focuses on investing in service-businesses and also the Chairman of ARC Multifamily Group which focuses on value-add multifamily investment projects. Sharran is a former Goldman Sachs and Credit Suisse banker and a sought after keynote speaker and is the creator of the wildly-popular 5am Club call for Entrepreneurs. On this podcast, Sharran shares his best secrets on how to grow your business strategically, how to build your brand elegantly, most importantly integrate the profits in your business with an overall joyful life. For more free resources visit Sharran.com
https://www.sharran.com/podcast/
episode 149: Influencers Are Not Financial Advisors
Click Here to Get All Podcast Show Notes!
In a world where influencers are dishing out words of wisdom, many social media users tend to accept the suggestions their favorite influencers share. But when it comes to money matters, do not believe everything you see and hear from influencers because they are not expert financial advisors. Instead, you must carefully consider where you're getting sound financial advice if you don't want to be disappointed.
In this episode, Sharran talks about why you should not blindly follow what your favorite influencers tell you, especially regarding money. After all, just because someone is good at something does not mean they are good at everything.
Influencers may be good at talking in front of the camera, but it doesn't mean they clearly understand how the world of investment works. So who should you turn to for financial advice? That's what Sharran has in store for you today.
If you are interested in achieving financial freedom where your passive income exceeds your expenses, this episode is for you.
“Influencers are not financial advisors. Just because you like a talking head doesn't mean you should listen to them about money.”
- Sharran Srivatsaa
Timestamps:
00:00 Who is this episode for?
01:50 Why you should not blindly do what influencers are suggesting
03:13 Three things you will learn from this episode
05:05 Who is your source of truth?
11:26 Why is operational understanding extremely important?
14:30 What is covered call writing?
15:37 How do you get an operational understanding of things?
17:54 Do you have sniper mentors?
21:02 Recap of today's episode
Resources:
- The Passive Income Mastermind
- Join the 10K Wisdom Private Partner Podcast, now available to you for free
- The Real Brokerage
- Top Agent Power Pack
- ARC Multifamily Real Estate Investing
- Sharran's Partnership Program
- Grab Sharran’s 4-Week MBA for Free
Connect with Sharran:
- YouTube