Understand Trade-offs

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Everyone wants to be rich, but most people don’t know that the habits of the wealthy are often very different from what society expects. In this episode, Sharran breaks down the five core actions and mindsets that set the rich apart. For example, rich people understand that every decision comes with a cost, and they make those decisions with full awareness of what’s at stake.

They aren’t concerned with impressing others. It’s not about flaunting wealth; it’s about building wealth through sound decisions and actions. Plus, they fix problems through behavior changes, not just apologies, and they consistently try again even after failure. Finally, rich people give the greatest gift: their full attention.

Learn these simple yet powerful habits anyone can start implementing today.

“Rich people understand trade-offs. The one thing rich people understand is that every choice costs something.”

- Sharran Srivatsaa

Timestamps:

01:38 - Understanding trade-offs: Every decision comes with a cost

03:12 - Stop trying to impress others: Focus on building wealth

04:53 - Fix problems through behavioral changes, not apologies

06:21 - Keep going: The power of trying one more time

07:55 - Giving attention: How attention builds influence and wealth

09:40 - Recap: What rich people do naturally

Resources:

- The Next Billion by Sharran Srivatsaa - https://sharransrivatsaa.substack.com/

- Acquisition.com - https://www.acquisition.com/

- Board Member: ARC Multifamily Real Estate Investing - https://arcmf.com/

- Board Member: The Real Brokerage - https://www.joinreal.com/

Connect with Sharran:

- Facebook - https://www.facebook.com/likesharran

- Instagram - https://www.instagram.com/sharransrivatsaa/

- X - https://x.com/sharran

- LinkedIn - http://www.linkedin.com/in/sharran

- YouTube - https://www.youtube.com/channel/UCzpl_gT1bVB1iNZl9yQbWuA?sub_confirmation=1

- Threads - https://www.threads.com/@sharransrivatsaa