Source: Fortune.com
Summary
Barbara Corcoran, a successful businesswoman and Shark Tank star, shared her unconventional approach to money management in a recent podcast interview. She revealed that she has never saved money and instead believes in spending it, as she thinks it will eventually come back to her. Corcoran’s experience is unusual, having grown up in a large family and working multiple jobs before founding her own real estate company, which she sold for $66 million. Her approach contrasts with the current financial reality for many Americans, who struggle with debt and lack of savings.
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The numbers tell one story.
Barbara Corcoran’s $66 million sale of her real estate company, The Corcoran Group, was a deliberate decision, as she refused to accept any offers below her “lucky number.” Her approach to money management is a far cry from the financial struggles of many Americans, who are burdened with debt and lack savings. Corcoran’s philosophy is rooted in her upbringing, where her mother taught her that “money is meant to be spent.” Her experience is a testament to the power of confidence and risk-taking in business.
Corcoran’s economy was different, but her approach remains the same: “I never got rich by saving, I got rich by allowing money to come and go.”
Author: Evan Null
