Podcast Summary

Podcast: Business School with Sharran Srivatsaa
Host: Sharran Srivatsaa
Episode: What Rich People Do Naturally
Date: December 23, 2025

Episode Overview

In this episode, Sharran Srivatsaa shares five key behaviors he’s observed among the wealthiest people in his life—including billionaires and multimillionaire mentors. The focus is on the simple, everyday actions and “trade secrets” that set the truly rich apart, and how anyone can integrate these behaviors to build both wealth and character. Sharran’s advice is practical, candid, and drawn from real-world experience.

Key Discussion Points & Insights

1. Rich People Understand Trade-Offs

Timestamp: 01:04–02:30

• Wealthy individuals are highly aware that every choice has a cost or trade-off.
• Progress and growth only happen when you accept and act on those trade-offs, rather than waiting for the “perfect moment” where achieving something costs you nothing.
• "You don't grow by waiting for the cost of something to disappear. You grow by choosing that cost and moving forward." — Sharran (02:12)
• Sharran shares that understanding this principle early would have accelerated his own growth.

2. Rich People Don’t Try to Impress Anyone

Timestamp: 02:31–04:35

• The poor often try to look rich, while the rich don’t feel the need to prove anything.
• Sharran’s billionaire mentor “drives a Prius and wears an Apple watch,” as opposed to people with little money who “lease fancy luxury cars and buy expensive watches” (03:15).
• Attempting to impress others is emotionally and financially costly—and ironically, goes unnoticed by the very people you’re trying to impress.
• "The only question that matters is, when you spend money on this thing, would you still want it if nobody knew that you bought it? If that answer is no, that tells you everything." — Sharran (04:11)

3. Rich People Fix Problems with Action

Timestamp: 04:36–06:18

• The best apology is changed behavior; everyone makes mistakes, but the rich stand out by how quickly and consistently they correct their errors.
• Three key actions:
  1. Notice mistakes early.
  2. Fix issues before someone else calls them out.
  3. Change practices so the mistake doesn’t recur.
• "Trust is actually fixed by changing what you do. Until people see the change that you made, that's what's important." — Sharran (06:01)

4. Rich People Try One More Time

Timestamp: 06:19–08:21

• Persistence—simply holding on longer than others—is what differentiates the wealthy from the rest.
• Cites Ed Mylett’s concept (“One More Time”) and shares that even legends started at zero: “Michael Jordan started with no trophies. Warren Buffett started without knowing anything about investing."
• "Not giving up is the most heroic thing you can do." — Sharran quoting the Aquaman movie (07:35)
• Success isn’t about luck or talent; it’s about consistency and perseverance.

5. Rich People Give Attention

Timestamp: 08:22–10:18

• The most valuable gift you can give is your full attention.
• The wealthy practice being fully present with whoever they interact with, a behavior available to anyone at zero cost.
• Tactics for giving attention include:
  • Saying someone’s name
  • Maintaining direct eye contact
  • Asking thoughtful follow-up questions
  • Remembering and referencing personal details
• "Attention builds trust. And then trust builds influence. And then the influence helps you in almost every part of your life." — Sharran (09:25)
• Contrary to common belief: “Most people think that wealth creates influence. It's the other way around. Attention creates the influence and influence creates the wealth." — Sharran (09:53)

Notable Quotes & Memorable Moments

• “A lot of people spend time trying to look rich. They buy things because they hope that someone will notice. But the people who actually end up rich do things way differently.” (00:58)
• “People who end up insanely successful stick with things longer than most people expect.” (06:35)
• “The best thing that you can do for somebody… is the gift of your attention. People who do this just win way more often.” (10:10)

Actionable Recap

Timestamp: 10:19–10:50

Sharran recaps the five key behaviors for listeners to start practicing immediately:

1. Recognize every decision as a trade-off.
2. Stop trying to impress others.
3. Fix problems with changed behavior.
4. Try again—especially when you feel like stopping.
5. Give people your full attention.

“Real wealth comes from these really simple things… these things about our humanity that are done over and over.” (10:34)

Final Thoughts

This episode is a direct challenge to conventional ideas about wealth. Sharran stresses that lasting wealth isn’t built on flashy displays or secret shortcuts—but on humility, intentionality, and habits anyone can develop.

For those seeking clear, actionable advice on both business and personal development, this episode serves as a valuable blueprint for success—starting not with money, but mindset and daily action.

Useful Links:

• Sharran.com (mentioned for more resources)
• MyNextBillion.com (Sharran’s free frameworks and playbooks)