Business School with Sharran Srivatsaa

Episode 149

full

Published on:

4th Apr 2023

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:

Next Episode All Episodes Previous Episode

Listen for free

RSS Feed

Show artwork for Business School with Sharran Srivatsaa

About the Podcast

Business School with Sharran Srivatsaa

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

About your host

Sharran Srivatsaa

Sharran is a serial entrepreneur, sought after keynote speaker, and a respected thought-leadership resource for publications such as the Wall Street Journal, SUCCESS magazine, Huffington Post and Forbes.

While Sharran has had 5 exits in the last 19 years, and also a several humbling failed investments and business initiatives. He talks all about them on his top rated Spotify podcast, Business School.

Most recently, Sharran led Teles Properties’ unprecedented 10x growth over 5 years and a 4-year consecutive streak on the Inc. 500 fastest growing companies list resulting in its acquisition by national real estate powerhouse Douglas Elliman.

Prior to Teles, Sharran worked at both Goldman Sachs and Credit Suisse, where he collaborated with management teams of fast-growing businesses around the country on investment advisory and corporate strategy. Sharran also spent several years building recreational programs in the Caribbean, Middle East, and Hawaii for some of the finest international resorts such as the Four Seasons and Ritz-Carlton, also has deep experience working with technology companies such as Lightera (acquired by CIENA) and Obopay, a fast-growth mobile payments company.

Sharran is a Principal at Srilo Ventures, a multi-factor private investment fund that focuses investing in and advising technology companies and operating businesses in the consumer space. Having successfully completed many acquisitions, joint-ventures, management buyouts, mergers, and capital raises, Sharran serves as a director and advisor on numerous company boards.

He is also a member of the Genius Network, the highest-level marketing mastermind in the world led by whizkid Joe Polish, and also a member of Young President’s Organization (YPO).

After competing on the professional tennis tour, Sharran received his Bachelor’s degree in Computer Science from Luther College and his MBA with Honors from Vanderbilt University.