5 Things Barbara Corcoran Wants You To Stop Doing With Your Money

Core Insights - Barbara Corcoran, founder of the Corcoran Group, emphasizes financial discipline and strategic spending to achieve wealth accumulation [1][2]. Spending Habits - Corcoran avoids paying for first-class flights, opting for coach instead, and enhances her experience with personal touches [3]. - She discourages spending on bottled water, advocating for the use of tap water, which is often safe in New York City [5]. Investment Strategies - Corcoran acknowledges the mistake of keeping too much money in a checking account, which leads to loss of value due to inflation [7]. - She recommends utilizing high-yield savings accounts as a low-risk option to earn more than traditional checking accounts, and suggests exploring investments in stocks, real estate, or small businesses once an emergency fund is established [8].