Barbara Corcoran
Highlights
- Starting with a $1000 loan to now holding a $100 million fortune, Barbara Corcoran’s journey has been exemplary.
- Barbara has further demonstrated her strong understanding of money-based matters on Shark Tank.
- The real estate queen shared a noteworthy rule to save money in an interview with GOBankingRates.
Since its pilot episode, Barbara Corcoran has been a constant name in the investors’ panel on Shark Tank. Her 16-year experience as a Shark on the show has equipped Barbara with the utmost money-saving knowledge. Barbara’s $100 million fortune is the perfect testament to the same.
Her financial acumen can further be ascertained by the fact that Barbara started her career with a mere $1000 loan. But the Shark followed the correct route and emerged as the real estate queen. Based on her rich knowledge and experience, the Shark Investor has all the right advice for budding entrepreneurs.
Barbara Corcoran’s No. 1 Rule To Save Money
In an interview with GOBankingRates, Barbara stated that ‘Money is meant to be spent.’ The Shark investor also emphasized that one can best spend money by investing in oneself. While discussing, Barbara particularly urged women that they should not hesitate from spending money.
To further assert her points, the Shark investor claimed that this is one rule she has followed from the initial stage of her career. Barbara said, ‘I spent my first $340 commission check on a brand new coat from Bergdort Godman.’ According to her, that purchase offered the Shark the confidence to become ‘big.’
Barbara Corcoran then stressed that women should not stop themselves from spending money, especially if it is meant for a ‘worthwhile investment.’ This could be anything from buying a new outfit that makes one look the person they aspire to be or learning a course that increases their earning chances.
Thus, Barbara’s rule to save money is centered around spending it, particularly for investments in oneself. As a self-made female millionaire dominating the real estate world, the Shark investor’s advice is specially meant for women.
According to Barbara Corcoran, if women spend money enhancing their confidence or learning new skills, the investment can become a powerful tool for continued growth.
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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