Barbara Corcoran started took Corcoran Group with a $1,000 loan. The real estate Emprire is valued at $5 bln today. Barbara Corcoran is also a regular on the TV show “Shark Tank.”
Corcoran admitted early in life she was a terrible spender: “By my late 20s, I realized I couldn’t afford the things I really desired. And by my early 30s, I realized I had to work like crazy to get what I wanted rather than spending it before I had it.”
She wished someone had told her in her 20s:
“Spend even a single week where you only use cash, charging nothing to a credit card. When you put it on a credit card, somehow in that moment it seems like great value, but when you’re putting cash out — you have limited cash, what you’ve earned that week — you’re surprised at how quickly you realize how much money you’re truly wasting.”
Her lesson: Avoid credit cards.
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