BarbaraCorcoran

Barbara Corcoran Talks Luxury

Filed under: Wealth

If you've been watching ABC's Shark Tank then you've seen real estate mogul Barbara Corcoran in action. Corcoran manages to be both sharp and kind with the aspiring entrepreneurs. She always tells it like it is which is why we love her.

Our sister blog WalletPop has been covering the show through recaps and a series of After Shark interviews with both the sharks and those brave enough to face them, hat in hand. WalletPop editor-at-large Jason Cochran was kind enough to pass on our questions to Barbara Corcoran and she delighted us with her honest answers on having money and spending it.

What do you think is worth spending money on, even if it's expensive?
A good dust buster for quick cleanups around the house. Street roses at $10 dollars for two dozen. You would swear our home was a morgue.

What do you think people often spend too much money for?
Highbrow resorts to get away from it all. What really happens is you get dressed up, don't relax, and don't get a break because all the usual cast of characters are also there getting away from it all.

Is is there anything you collect?
Handmade cotton quilts. I use them and abuse them and eventually just stack them as they disintegrate. I feel like I'm living with all those nice old circle ladies smiling at me. Good energy.

Is there anything you used to dream about before you struck it rich that you now indulge in?
I wished for my own horse every birthday since I could remember and finally got one for myself as I turned 30. I bought fat rusty red randy from the dumb farmers wife who lived across the street from my country home. She gave me a good deal. $500 for the horse and $800 a month board to have I'm graze in the same field she had him graze in for free for the previous 10 years. I rode him twice, he wasn't happy. I paid the board for the next eight years and was surprised to learn from the garbage guy that the horse had died six years prior, he knew it because the farmer had paid him to bury red randy in his field. I don't wish for anything anymore, just see what strikes me as fun.

What was the first big purchase you made that let you know you'd really
'made it'?
When I bought my father a brand new silver Lincoln Continental and my mother a brand new blue Pontiac convertible and had them delivered to their house in Florida. Neither had ever had a new car.

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Tags: barbara corcoran, BarbaraCorcoran, shark tank, SharkTank

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