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☆ Why Barbara Corcoran doesn't save money — and how it's made her rich
▼ + stars: | 2023-05-24 | by ( Anthony Cortez | Ashton Jackson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Barbara Corcoran doesn't save money — and how it's made her richEntrepreneur and "Shark Tank" investor Barbara Corcoran doesn't believe in saving her dollars. She abides by the care-free money philosophy learned from her mother: Spend it!

Persons: Barbara Corcoran doesn't, —, it's

☆ Barbara Corcoran: ‘I’ve never saved a dime my whole life’—here’s why it made her richer
▼ + stars: | 2023-05-22 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Millionaires often stress the importance of saving money along your journey to financial freedom. "I'm just not a believer in saving money," Corcoran tells CNBC Make It. Now, whenever Corcoran obtains money, she thinks about the best potential ways to use it, she says. "I gave half of it away to family, friends, education funds, charities, because I really believe if you spend, money comes back to you." "And I don't believe in hoarding money, saving money, everything like that.

☆ The No. 1 skill that sets successful introverts apart from most other people: It's 'what helps us thrive'
▼ + stars: | 2023-05-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

There's a common misconception that introverts have to mimic stereotypically extroverted personalities to succeed: Be outspoken, always raise your hand and command a room. "If you know that you prefer smaller settings, you might not want to apply for a job at a large corporation," Allen says. The most daunting part might be opting out of extrovert-friendly situations without bothering anyone else, Allen says. Allen's advice: Come prepared with clear examples of situations you'd like to avoid, how you'd like to contribute instead and why it'll make you both happier and more productive. DON'T MISS: Want to be smarter and more successful with your money, work & life?

☆ Elon Musk says he's upped his sleep to 6 hours per night—and that his old routine hurt his brain
▼ + stars: | 2023-05-18 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Elon Musk says his days of trying to sleep less and work more are over — at least, relatively speaking. "And the brain pain level is bad if I get less than six hours [of sleep per night]." Now he gets at least seven hours of sleep, he wrote in a 2019 blog post. Musk often works seven days per week and only takes "two or three" truly workless vacation days per year, he said on Tuesday. "I work seven days a week, but I'm not expecting others to do that."

☆ Planning for your dream job doesn't actually work, says millionaire bestselling author: You need a 'compass,' not a 'map'
▼ + stars: | 2023-05-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Conventional wisdom says that to be successful, you should build a career plan: Map out where you are now, where you want to be and the steps you'll need to take to get there. Godin, a bestselling author and millionaire entrepreneur often dubbed a "marketing guru," says his accomplishments feel fulfilling specifically because he's never followed a predetermined path. His advice: Use "a compass and not a map," he recently told LinkedIn CEO Ryan Roslansky's "The Path" newsletter. "I got 800, 900 rejection letters in a row, and it was more than a year before anyone wanted to publish my next book," Godin said. With a career map, Godin might have pursued entrepreneurship more single-handedly, never authoring that first book on the side and discovering a passion for writing.

☆ Bill Gates: Here are ‘the 5 things I wish I was told at the graduation I never had’
▼ + stars: | 2023-05-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

Bill Gates never finished his undergraduate degree — the billionaire dropped out of Harvard University after three semesters to start Microsoft. Not much, personally, to be honest," Gates told students at Northern Arizona University's commencement ceremony on Saturday. If Gates had finished college, these are "the five things I wish I was told at the graduation I never had," he said. Gates did work at Microsoft for a long time: He was the company's CEO until 2000, and board director until 2014. 'Don't underestimate the power of friendship'One of Gates' biggest college regrets, he told Harvard students in 2018: Not being sociable enough.

☆ Ivy League expert: Brainstorming doesn't work—here's a better way to find new ideas
▼ + stars: | 2023-05-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: 1 min

Brainstorming is a popular way of coming up with new ideas. Just because it's well-known, however, doesn't mean it's the most effective, according to a Columbia professor. After becoming an educator herself, though, Iyengar realized that brainstorming "doesn't deliver." You're better off coming up with ideas solo, she says. "I began to see up close that brainstorming wasn't working," Iyengar says.

☆ Stress made this Harvard-trained strategy coach lose her vision—now she teaches people to live the 'slow life'
▼ + stars: | 2023-05-11 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Mumby was a Harvard-trained educational policy and leadership expert, who worked her way up from teacher to national director of organizing partnerships and strategy at the nonprofit Leadership for Educational Equity. I was moving in my purpose, but also still working seven hours, seven days a week. Mumby says she loved the work, but it took a huge toll on her mental and physical health. But there's a direct link between women's stressful work lives and health, largely due to the body's inability to differentiate between "life-threatening stress" and "ongoing stress," studies show. The experience forced Mumby into the "slow life," choosing "well-being over working myself to the bone," she says.

☆ Mark Cuban loved this 24-year-old 'Shark Tank' CEO's company—here's why he rejected it: 'You're making a boatload of money'
▼ + stars: | 2023-05-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Sophie Nistico seemed to have all the pieces in place for a big investment deal on ABC's "Shark Tank." She spent no money on advertising, due to a large social media presence, and had more than $400,000 in the bank, she added. "You are making a boatload of money," Mark Cuban added. "I don't really know how to help you," said Kevin O'Leary. "This thing where you don't know anything about business, I don't really buy it anymore.

☆ Don't try to be friends with your boss, says workplace coach—here’s why
▼ + stars: | 2023-05-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

No matter how great of a relationship you have with your boss, it's generally not the best idea to be friends with them. That's because a personal relationship can make things complicated when they may need to make difficult decisions, says Phoebe Gavin, a leadership and workplace coach. "At the end of the day, if your boss's boss says, 'Hey, we can't afford to employ your friend anymore. You need to lay them off,' you know what your boss is going to do? Interpersonal connections are important in the workplace, but they "can't be the foundation of your professional relationship with your boss or your colleagues," Gavin says.

☆ Mark Cuban knew the Dallas Mavericks' CEO had no prior experience in basketball—here's the advice he gave her for Day 1
▼ + stars: | 2023-05-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Mark Cuban always tries to push himself out of his comfort zone, so it's no surprise that he does the same for others. Cynt Marshall, CEO of the Dallas Mavericks, experienced it firsthand when Cuban cold-called her with a job offer in 2018, she recently told LinkedIn's The Path newsletter. Second, she said: "I was well aware of the fact that I did not know the business of basketball." In response, Cuban gave Marshall some simple yet effective advice, she recounted: "He said, 'You don't worry about that. Prior to her appointment, the Mavericks had no women or people of color in leadership, LinkedIn noted.

☆ Oprah Winfrey almost turned down her first TV job—how a college professor changed her mind
▼ + stars: | 2023-05-06 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Oprah Winfrey has a highly decorated media career, winning 20 Emmy awards, a Tony award and a Peabody award, amongst many others. These feats may not have happened, however, if it wasn't for a reality check from a college professor. Winfrey, 69, started her sophomore year with a career in education in mind, she told 2023 graduates at Tennessee State University, her alma mater, during her commencement speech on Saturday. When Winfrey told her professor, he looked at her "as if I didn't have a brain that God gave lettuce," she said. "At no time did I ever feel out of place or not enough or inadequate or an imposter," she said.

☆ Harvard-trained expert shares her No. 1 strategy for getting people to trust you: 'That's what I would do'
▼ + stars: | 2023-05-05 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

If you want to be successful, fostering trust with others is a great way to start. But leading by example isn't the best way to do so, says a Harvard-trained leadership advisor. Building that type of deeply ingrained connection comes from a single strategy, Mumby says: active listening. Chances are, you're a mono-tasker — if you think you're doing two things at once, you're probably task-switching or completing tasks in rapid succession, neuropsychologist Cynthia Kubu told the Cleveland Clinic's health blog in 2021. For it to really be effective, you need to make it a regular practice, she says: One uninterrupted conversation won't garner someone's trust overnight.

☆ 3 soft skills separate highly successful CEOs from most people, says workplace coach—here's how to master them
▼ + stars: | 2023-05-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

America has a problem, says Bonnie Low-Kramen: Many of the country's CEOs are losing their sense of humanity. Much of the problem stems from a lack of interpersonal skills, Low-Kramen says. Low-Kramen's fix, for any level of the workplace: Develop your soft skills. Three soft skills — the "three Vs" — particularly matter in today's environment, Low-Kramen says. The transparency didn't keep Hilton employees from feeling confused or unmoored at the time, but it helped provide them with a sense of stability, Low-Kramen says.

☆ Career advice for the class of 2023: How to find a job you love
▼ + stars: | 2023-05-03 | by ( Cindy Perman | ) www.cnbc.com time to read: +9 min

What's important, Ng and other career experts say, is that you don't just look for a job, whether it's your first or fifth. Gorick Ng author of "The Unspoken Rules"LinkedIn career expert Blair Heitmann recommends making a career bucket list. Are you on the right career ladder? Ng offers this visual: Jobs are rungs on a career ladder. Don't assume that you will get something because you 'deserve it'OK, so let's say you are lucky enough to land at a job is on the right career ladder for you.

☆ When Barbara Corcoran sold her company for $66 million, she didn't know how much it was worth—here's how she negotiated anyway
▼ + stars: | 2023-05-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Nearly three decades later, she flipped it to brokerage firm NRT for $66 million. The large dollar figure wasn't the result of industry research or market valuation, Corcoran said: Rather, it was her "lucky number." Corcoran wanted to sell her company because she'd achieved her goal: The Corcoran Group was the largest brokerage in New York, she said. It's unclear whether Corcoran could have gotten more for her company, given its then-status as New York's top brokerage. The Corcoran Group's primary competitor at the time, Douglas Elliman, sold for $75 million four years prior, The New York Times noted.

☆ Job-hopping is 'chaotic,' says career coach—her No. 1 strategy for finding a fulfilling, well-paid job
▼ + stars: | 2023-05-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

But a career coach strongly recommends against it for a simple reason: It makes your life a lot more "chaotic." "Take the long view," career and leadership coach Phoebe Gavin tells CNBC Make It. Finding a more stable and fulfilling career — which may ultimately pay more down the road, too — starts with some intentional self-questioning, Gavin says. Perhaps you need to start looking at job listings, and gauging which opportunities might represent the "right" job, rather than simply the next one. "If you're consistent about taking the long view, you're always going to have a career that is within your control," Gavin says.

☆ Warren Buffett says he worries about nuclear threats and more pandemics—but never the future of Berkshire Hathaway
▼ + stars: | 2023-04-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Billionaire investor Warren Buffett says he worries about a few things. I worry about a pandemic in the future, all kinds of [things]," Buffett said. "99 and a fraction percent of my net worth in Berkshire," Buffett told "Squawk Box," adding that multiple of his family members also heavily invest in the company. "I worry about things nobody else worries about, but I can't solve them all," Buffett said. As for feeling secure about Berkshire's future, Buffett has already handpicked his company's next CEO — and his successor, Greg Abel, has said he doesn't plan to diverge from Buffett's winning formula.

☆ A strategist studied 10 years of McDonalds, Starbucks and Lululemon data—here's the No. 1 lesson she learned
▼ + stars: | 2023-04-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Some companies have cracked the code, says a business strategist. Sam Sterling, a managing director of strategy at digital communications agency AKQA, spent two and a half years studying 16 high-growth companies, including McDonalds, Starbucks, Lululemon, Columbia Sportswear and Burberry. "What markets don't you understand? What products don't you know? Here's how some of the companies Sterling tracked do it.

☆ Tim Cook uses a 1-sentence mantra to process criticism—without it, he 'wouldn't be able to function'
▼ + stars: | 2023-04-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When Cook took the helm of the tech giant in August 2011, he faced widespread skepticism that he could effectively fill Steve Jobs' shoes, he recently told GQ. The criticism didn't stop there — Cook has since faced backlash for his pay package, Apple's return to work policy and his idea of innovation. Cook even faced criticism from Jobs himself, according to Walter Isaacson's 2011 biography "Steve Jobs." Cook himself has a net worth of $1.9 billion, according to Forbes — much of that due to Apple's financial success. I think he was a once-in-a-hundred-years kind of individual, an original by any stretch of the imagination," Cook told GQ.

☆ My 15-year dependent relationship with social media has become a health problem—here's how I'm breaking the habit
▼ + stars: | 2023-04-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

When I used a fake birthday to create a Facebook account at age 9, I didn't know I'd eventually become dependent on social media. I'm setting goals that are 'realistic' and 'specific'Limiting your social media use only works if you're consistent about it. I'm down to seven and a half hours on social media per day on weekends, almost half of my original 14. I've also lost 12 pounds since January by replacing some of my social media time with being active and making healthy meals. "You get the chance to actually engage with the world a little bit better [when you limit social media use].

☆ Self-made millionaire Bethenny Frankel shares the No. 1 negotiation tip that made her rich: 'It changed my entire life'
▼ + stars: | 2023-04-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The reality TV alumna, who later founded the Skinnygirl lifestyle brand and became a self-made millionaire entrepreneur, agreed to a payment of just $7,250 for the hit Bravo TV show's first season, she said in a recent Instagram Reel. But she didn't let the network take a percentage of anything she made on her own, a move that "changed my entire life," she added. Frankel crossed out that section of the contract, and Bravo agreed to her terms, she said. A year later, Frankel founded Skinnygirl, which was initially built around selling pre-packaged, low-calorie margaritas. Shortly after, Frankel sold Skinnygirl Cocktails to Beam Global for an estimated $100 million dollars, keeping the rights to the "Skinnygirl" name.

☆ Mark Cuban rejected this 'Shark Tank' company—and said he'd take its ideas to one of its competitors
▼ + stars: | 2023-04-10 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You don't often see an investor taking an entrepreneur's idea and giving it to a competitor, but that's exactly what Mark Cuban did on Friday's episode of ABC's "Shark Tank." During the episode, Justin Crowe pitched his 3-year-old cremation alternative startup Parting Stone to investors, including Cuban. Eterneva currently focuses on turning ashes into diamonds, and Cuban viewed Parting Stones' offerings as a great second product line. Lori Greiner called Parting Stones "genius," and Kevin O'Leary said the category was right up his alley. Crowe rejected them all, saying that Parting Stone had both direct-to-consumer sales and business-to-business sales through funeral homes — and he'd only pay royalties from the consumer side.

☆ Mark Cuban says the best way to start a business is with 'as little money as possible'—here's why
▼ + stars: | 2023-04-09 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

If you think that raising capital is the best way to get your business off the ground, you're wrong, according to Mark Cuban. Cuban, of course, has invested in hundreds of startups, including some on ABC's "Shark Tank." Now, I've got to go raise money,'" Cuban said, adding: "Just remember raising money, whether it's from me, on 'Shark Tank' [or] anywhere, that's an obligation. Elon Musk, who has an estimated net worth of $187.9 billion, owns about 23% of Tesla and 74% of Twitter, according to Forbes. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

☆ Tim Cook shares a trick Steve Jobs used as Apple's CEO: It's 'one of the things I loved about him'
▼ + stars: | 2023-04-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Since Tim Cook became CEO of Apple, he's worked to cement his own legacy — but he still admires his predecessor Steve Jobs' leadership style. "I knew I couldn't be Steve [when I became CEO]," Cook, 62, told GQ on Monday. But that doesn't mean Cook couldn't take a leadership trick or two from Jobs' book. Under his leadership, Apple has grown into a multitrillion-dollar company. Today, the Apple CEO still uses some of Jobs' old traditions, like 9 a.m. meetings every Monday, he told GQ.

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