Barbara Corcoran famously ‘never saved a dime’: Even when she sold her business for $66 million, her first thought was ‘What can I spend this on?’

For most Americans, saving money (or at least trying to) is a financial priority: It means a safety net in the event of an emergency expense, funds set aside for vacations, birthdays or holidays, and longer-term goals like housing deposits or family milestones. Barbara Corcoran has never subscribed to this idea. In fact, she’s “never saved a dime in her life.”The Shark Tank star has shared on many occasions her ethos when it comes to money—that if she spends money, it will eventually make its way back to her.

Last week, an episode of the Burnouts podcast hosted by Phoebe Gates (daughter of Microsoft founder Bill Gates) and her business partner Sophia Kianni featuring Corcoran was released. Corcoran, who made her millions as a real estate mogul, told the pair: “I don’t believe in saving money.”

She explained: “I’ve never saved a dime in my life—when I sold my business for $66 million, my first thought was: What can I spend it on? I gave half of it away to family, friends, funds, and charities, because I really believe this: When you spend money, it comes back to you.”

While Corcoran’s take sits well outside the norms of good........

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