--- title: Shark Tank’s Barbara Corcoran Says She’s Terrible with Money. Here’s How She Keeps From Going Broke description: The entrepreneur learned to focus on what she was good at and delegate what she wasn't. authors: - name: Shaina Mishkin url: https://money.com/author/shaina-mishkin/ at_money_since: 2017 articles: 131 covers: - Personal Finance - Banking - Business - Career Advice - Credit - Economy and Politics - Housing - Investing - Lifestyle - Mortgages - Retirement - Shopping - Taxes - Technology former_staff: true published: '2018-05-17T20:37:16.000Z' modified: '2020-07-07T11:35:51.000Z' section: Personal Finance tags: - celebrities - real estate word_count: 271 canonical: https://money.com/barbara-corcoran-money-habits/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![BARBARA CORCORAN, KEVIN O’LEARY](https://img.money.com/2018/05/180517-barbara-corcoran-2.jpg) *SHARK TANK - “Episode 910”* *Shark Tank*'s Barbara Corcoran knows how to make money. Saving money? That's another story. “The idea that I have any money in the bank for myself today is sheer accident,” Corcoran said in a recent interview with Money. “I’m very good at making money, but I’m no good at saving money.” Before becoming one of *Shark Tank*'s investors, Corcoran, 69, built a New York City real estate agency, which she sold [for $66 million in 2001](https://www.cnbc.com/2018/03/08/barbara-corcoran-made-66-million-in-one-year.html). Now with an [estimated net worth of $80 million,](https://www.bankrate.com/lifestyle/celebrity-money/barbara-corcoran-a-shark-with-a-growing-net-worth/) the entrepreneur admits she would have spent it all if left to her own devices. "My mother always said: 'Money is meant to be spent,'” Corcoran recalls. "They never had a penny to spare in any way raising all ten of us, but my mother’s attitude was to never worry about money." ![180517-barbara-corcoran](https://img.money.com/2018/05/180517-barbara-corcoran.jpg) *Barbara Corcoran is a "Shark" on ABC's "Shark Tank."* Corcoran says she was -- and still is -- the kind of person who wants to spend money the second she sees it coming. So what's the investor's secret to keeping a hold on her fortune? Lean on someone you trust. "I found a business partner who was excellent at \[finance\] and I made her my 10% partner," says Corcoran. "Thank God for Esther \[Kaplan\], or I would have spent every dime that came in." In fact, learning to delegate around blind spots is an essential skill for entrepreneurial success, Corcoran says -- even more important than learning to manage money yourself. "It took me a few years to realize that I didn’t have to be good at everything and to delegate what I wasn’t good at," Corcoran says. "That’s a real learned ability." ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/barbara-corcoran-money-habits/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Personal Finance", "item": "https://money.com/personal-finance/" }, { "@type": "ListItem", "position": 3, "name": "Money Management", "item": "https://money.com/money-management/" }, { "@type": "ListItem", "position": 4, "name": "Shark Tank’s Barbara Corcoran Says She’s Terrible with Money. Here’s How She Keeps From Going Broke" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/barbara-corcoran-money-habits/#webpage", "url": "https://money.com/barbara-corcoran-money-habits/", "name": "Shark Tank’s Barbara Corcoran Says She’s Terrible with Money. Here’s How She Keeps From Going Broke", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-05-17T20:37:16.000Z", "mainEntity": { "@id": "https://money.com/barbara-corcoran-money-habits/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/barbara-corcoran-money-habits/#breadcrumb" }, "dateModified": "2020-07-07T11:35:51.000Z" }, { "@type": "Article", "headline": "Shark Tank’s Barbara Corcoran Says She’s Terrible with Money. Here’s How She Keeps From Going Broke", "articleSection": "Personal Finance", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/05/180517-barbara-corcoran-2.jpg", "width": 2800, "height": 1867, "caption": "180517-barbara-corcoran-2" }, { "@type": "ImageObject", "url": "https://img.money.com/2018/05/180517-barbara-corcoran.jpg", "width": 800, "height": 373 } ], "author": [ { "@type": "Person", "name": "Shaina Mishkin", "url": "https://money.com/author/shaina-mishkin/", "@id": "https://money.com/author/shaina-mishkin/#author" } ], "publisher": "https://money.com/#organization", "datePublished": "2018-05-17T20:37:16.000Z", "description": "The entrepreneur learned to focus on what she was good at and delegate what she wasn't.", "abstract": "The entrepreneur learned to focus on what she was good at and delegate what she wasn't.", "@id": "https://money.com/barbara-corcoran-money-habits/", "inLanguage": "en-US", "dateModified": "2020-07-07T11:35:51.000Z", "wordCount": 271, "keywords": [ "celebrities", "real estate" ], "about": [ { "@type": "Thing", "name": "Personal finance", "sameAs": [ "https://en.wikipedia.org/wiki/Personal_finance" ] }, { "@type": "Thing", "name": "Investment management", "sameAs": [ "https://en.wikipedia.org/wiki/Investment_management" ] } ] } ] } ```