Barbara Corcoran, a prominent investor with a net worth near $100 million, illustrates unconventional wealth-building strategies based on her own experiences. Coming from a working-class family, she held over 20 jobs by 23 and sold her real estate firm for $66 million at 52. Corcoran suggests that instead of saving money in the bank, individuals should immediately look for opportunities to invest their earnings into potentially lucrative options, despite the risks involved, thus challenging conventional financial wisdom.
I've never saved a dime my whole life. Rather than letting her money sit idly in a bank account, Corcoran immediately identifies the best way to spend anything she earns.
Of course, investing all your earnings is risky. No one knows when an unexpected expense or income loss is coming and you'll need to live on your savings.
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