Barbara Corcoran: Spend Money the Right Way and It Will Come Back to You

Barbara Corcoran: Spend Money the Right Way and It Will Come Back to You

Adam Palasciano  Wed, June 12, 2024

Many people may be under the impression that diligently saving money can make them rich. However, two self-made millionaires have a different opinion.

Barbara Corcoran, a real estate entrepreneur and star of ABC’s “Shark Tank,” is a firm believer that saving money doesn’t result in wealth.

“I’m just not a believer in saving money,” Corcoran explained to CNBC Make It. “I’ve never saved a dime my whole life.”

Additionally, finance guru and investor Grant Cardone recently tweeted his thoughts about saving money: “That full-time job won’t bring you wealth. Saving, saving, saving won’t bring you wealth… The ONLY thing that will bring you true wealth is investing.”

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Focus on Building Cash Flow

Rather than throwing your money in a savings account, both Corcoran and Cardone agree that it’s financially smarter to invest in assets that “keep your money moving” and “create cash flow.”

It’s true that investing is one of the best ways to build true wealth and create cash flow. For example, investing in a start-up or real estate can lead to big returns and the potential for consistent income. Money indeed makes money, and investing carefully can get you there.

To Read More:  https://www.yahoo.com/finance/news/barbara-corcoran-spend-money-way-113036533.html