Shark Tank Star Barbara Corcoran's Wealth Philosophy: Work Smart, Not Hard

While many entrepreneurs advocate for relentless work to amass wealth, real estate mogul and "Shark Tank" star, Barbara Corcoran, offers a contrasting viewpoint.

She underscored the possibility of financial success without the need for constant grind and is of the opinion that relentless work isn't the sole path to affluence. “I don’t agree that you should work your buns off to get rich,” Corcoran said. 

Discussing her philosophy with CNBC, she highlighted her own journey to prosperity without adhering to this exhaustive approach.

Corcoran's early years were marked by academic challenges, notably dyslexia. Yet, at the young age of 23, she ventured into the real estate world.

Her dedication and strategic moves culminated in her selling The Corcoran Group for an impressive $66 million. Throughout her journey, she ensured a balance, never letting work overshadow family or health. 

In contrast, business giants like Tesla CEO Elon Musk are often in the limelight for their non-stop work ethos. But even Musk indicated lately a shift towards a more balanced approach.

Self-made millionaire Grant Cardone also previously championed the idea of working almost 95 hours weekly to achieve significant wealth.

Also Read: Barbara Corcoran's Narrow Escape From Being Fired Before Becoming A 'Shark Tank' Icon

It's crucial to recognize the health implications of extended work hours. Recent findings from global organizations such as the World Health Organization and the Internal Labor Organization have pointed out potential health hazards, including heart ailments and strokes.

For those aspiring to success, Corcoran's counsel is clear: Prioritize intelligent strategies over sheer hard work. She suggested introspection with questions like, "How could I do even better tomorrow?" and "How can I outperform my competition?"

Acting on these reflections in a sustainable manner, she believed, paved the way for financial success. "People who follow this plan become rich. The money comes and finds them somehow,” she affirmed.

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This story is part of a series of features on the subject of success, Benzinga Inspire.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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