Real estate mogul and Sidney Torres, star of CNBC’s The Deed, helps developers achieve their dreams. But Torres, whose business portfolio is filled with investments in his beloved New Orleans, isn’t offering out handouts. In the video clip below, Torres explains how an early life lesson (after he first made his first million) shaped his career path (especially in working with other people).
While living in the lap of luxury isn’t the worst thing in the world, putting extravagance before hard work and passion is business poison to Torres. During the interview, he admits spending money on several high priced cars, and this spending led to an admonishment from his banker. Realizing he was putting his ego before his wallet, Torres corrected his ways and, when it comes to personal dealings, is much more impressed with a person’s drive and work ethic than whatever watch that’s displayed on their wrist.
If you ever get a business plan or development going and you want Sidney Torres to hear you out, or if you want a bit of business insight from Torres, check out the video below!
The Deed airs Wednesdays on CNBC (10 pm et/pt).