Ryan Serhant: from labourer to Million Dollar Listing New York
Ryan Serhant is an American real estate broker. He is one of the real estate agents featured on Bravo's Million Dollar Listing New York and stars in Sell It Like Serhant.
What was your first job?
Technically it was as a contractor's labourer for a kitchen and bathroom remodelling company in North Andover, in Massachusetts.
I was in high school. It was my summer job. I did a lot of demo, flooring and even some roofing!
What's the best money advice you've ever received?
Don't buy what you can't afford.
What's the best investment decision you've made?
I invest back into my business every day. Most salespeople don't do that but you have to spend money to make money.
What's the worst?
Knock on wood but I haven't made a bad investment decision yet. Unless we're talking about my suit and shoe obsession ...
What is your favourite thing to splurge on?
Suits and shoes.
Where would you invest $10,000?
I would invest into a charity called Save the Children. That's the best investment I can make in my, and our, future.
That's what I would personally do. The alternative is a tax-free bond.
What would you do if you had only $50 in your bank account?
I would force myself to wake up from whatever nightmare I was having!
Do you intend to leave an inheritance?
If I haven't spent it all by that time, then Emilia and I will leave something to our children, grandchildren and our favourite charities.
What changes in the property market do you think will make a big impact on the sector over the next five years?
The trend towards efficient spaces has not waned, and I expect it to continue over the next five years.
Simply put, that means less square footage used for hallway spaces, separate dining rooms and separate living areas.
The days of excess square footage have passed us, and in five years I believe we will all be living in more efficiently spaced homes.
Finish this sentence: money makes ...