How Barbara Corcoran turned $1,000 into $66 million
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- Опубликовано: 20 июн 2024
- Ep 1 - 25 of the Erika Taught Me podcast are here: / erikataughtme
Ep 26 - I sat down with businesswoman and investor, Shark Tank’s Barbara Corcoran to discuss her story and rise to success, from real-estate queen to reality TV star. With $1,000 she started a company that became a real estate empire. Today, she shares the top thing she looks for when investing in businesses, and gives her advice for any new entrepreneur looking to start their own venture.
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Timestamps:
00:00 - Intro
01:30 - What made Barbara so successful?
04:50 - First sale of Barbara
09:27 - The best thing that ever happened in her career
16:02 - Selling her company and moving on
19:17 - Barbara's Shark Tank story and how she got rejected
25:16 - Advice when investing in entrepreneurs
26:52 - The one that got away on Shark Tank
35:45 - Where else is Barbara making money
39:21 - Barbara Taught Me
Barbara is so relatable. She never lost that with all the money she worked so hard to accumulate. That’s a blessing.
She was so incredible in person too - one of the very few people I've met who is truly the same on camera as off camera!
I had the worst parents. It made me stronger. I had no one to rely on but myself. Made me stronger.
wow!!
We didn’t have supportive parents either and we are immigrants! I have two sisters that moved out at 14 and 16 yo. One is very successful (20mill range, 14 yo). I think it was due to my mother always saying she wouldn’t make anything out of herself. The other did exactly what mom did. Same place of employment, spends money which she doesn’t have. Just like mom! Myself and litter sister did pretty well too! In rental business (own), sister owns gym. She does personal training which she is always booked and has to turn people away. She has hired other trainers to take her overflow, while working on getting theirs off the ground. Nice to have a waiting list.
Stronger for what precisely?
Same here 😔 Most of the people who are successful don't always realize what a strong foundation is to have good supportive and loving parents in order to become a successful and independent person. If you came from a poor background and had a difficult childhood and you manage to create your own business or success you should be so proud of yourself because you have really done it all on your own. This is someone to really admire.
Very inspiring. I'm starting over after divorce at 64. Barbara gave me a sense that I might have a talent I can use to make this next life chapter better than I imagined.
I might be too!
Barbara is such a humble person and Erika is a great host, lawyers always know the right questions to ask 🤣
She is so amazing! Really appreciated her humility as well - I’m glad you can see it in the video too
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.?
Melissa Jean Talingdan a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I love Barbara’s perspectives, she’s honestly so smart, and probably someone great to work with. Thanks for the interview Erika!
Both Erika and Barbara are such an inspiration. They started small and look at where they are today!
She really is an inspiration!
What a fabulous human! I had no idea how interesting and inspiring Barbara is. I loved every story and listened to each minute. I love her perspective on leading and encouraging folx to do what they are good at, helping to grow their best skills. So nice to hear her honesty about parenting and her own finances!
Barbara I love that shirt. I hope you interview her again. She’s amazing. Blunt and honest. “The curse of a learning disability is if you can get over it you have gotten really good at failure. You grow up and knowing what failure is about.” I’ve never thought about it that way. That statement truly impacted me. A statement I will never forget. I’ll have to get Tic Tock now hahahaha “You just have to make a fool of yourself”. Barbara, I want to be like you when I grow up.
Wonderful talk! To get my first professional job I offered to work for free just to get some training, while still working 2 other part time jobs. That was the consequence of letting the wrong guy choose me and daring to walk around with a big belly at the age of 16, and then having to support both he and my child. My mishap and consequence therefore drove me, for like you Barbara, I was insulted by family stating they were surprised to see me even graduate. (I now have a handsome son, a beautiful DIL and 5 grandchildren and a second-chance husband of almost 30 years.) I learned anything and everything I could at any job to gain knowledge and to make myself indispensable. Now I’m basically debt free, earn a good living, have a solid asset & retirement portfolio. But I’ve also learned the importance of sewing into the kingdom and helping others, for you always reap what you sew. It’s important to give back. (I could go on and on…..) Thank you Lord! I love real. I love relatable. I have grown from this talk and you have confirmed something for me Barbara. Thank you both for sewing into my life. So much respect for you. Can’t imagine any haters coming against either of you. Hugs 🤗
I hope you enjoyed this with Barbara Corcoran! If you did, please leave a comment--I'm going to be screenshotting them and sending to Barbara. I know she'll love reading what you thought of the interview!
I'm going to be posting a new episode of my "Erika Taught Me" podcast on this channel every Tuesday! Want to listen on the go? You can access the audio-only versions here: www.erikataughtme.com/follow
Way to GO Erika 🎉🎉🎉🎉 I Love to watch Barbara , You ladies are Amazing ❤❤❤
This interview was worth listening. Learning and sticking to one thing that becomes one passion is key toward betterment.
You are so likeable Barbara Corcoran because you are so real. Your stories bring life down to Earth, and make it understandable.
Good to see a different side of Shark Tank Barbara. She's one of the good ones. Love that she showed up in your podcast and supporting women entrepreneurship.
I really appreciate what a respectful interviewer you are.
I love how down to earth and real she is.
Thank God this channel was recommended to me by youtube. Love the conversation between barbara and erica. Got goosebumps when barbara said " you are stronger than you think you are". Thank you to both of you for giving me hope in this crazy life of mine. ❤
Wow, what an inspiring story! Barbara Corcoran's journey is a true testament to the power of hard work, determination, and smart investing. Her success is a reminder that it's never too late to start building wealth and creating the life you want. Thank you for sharing this video!
Yes :D Such a good a message! Thank you for watching!
I love this so much! GREAT job Erika! I took 1500 and starting a 25 million dollar business a year - in 6 years. My business was then acquired for 8 figures by the age of 29! It was worth the grind!
Maybe you should be interviewed.
That is amazing! I would love to see your story on the show too. Erica should interview you, I agree!
Honestly success is the best revenge! After I got my second divorce I got a good job, bought a house and a new car!
It's amazing what you can accomplish when we get motivated! 👏💅
Really appreciate this Erika! Shout out to Barbara she's such a cool person and I love her story 🙏
Same!!
Soo cool! I so identify myself with Barbara in many ways.
Made me cry when she said she doesn’t invest in rich kids. I’ve been thinking to myself so much that I have a long road to catch up only getting to the level where the rich kids start and this has gave me some validation to accept my situation.
O'leary did and it turned out alright lmao
That was such an inspiring interview. You both had such great chemistry. I feel like I learnt a lot. Especially about the power of not giving up on yourself!
I love Barbara she's an inspiration for any woman wanting to start their own business
Shes an inspiration for both men and women. Not many are this determined
Wow this interview was amazing shes incredible it made me emotional about that burning ambition coming from nothing and wanting to make it hit me. What great advice shes so relatable and humble!!!
Excellent interview!! You’re so relaxed, so prepared, and you seem to be enjoying your guest! I’m subscribing and anxious to watch your next video!!
I really enjoyed this interview great job Erica and Barbara was awesome so down to earth and relatable.
I love this eposide!! So inspirational and full of great advice! Thank you for sharing!
I really appreciate that she said find something you're good at, rather than find your passion. These could definitely intersect and overlap, but what you're good at could fund your passion (it might not be the case that a passion can be turned into a means of making money).
Wonderful interview. You alouded Barbara to talk, which was great. Many other people do interviews and talk over the person being interviewed and not really aloud them to answer the questions. Thank you, that was a lovely interview.
Amazing interview, great questions and candid responses. Two powerful women. 💪🏻
Thank you so much!
So happy you moved this to the main channel! Love it
I’m always interested in individuals who came from nothing and become wealthy in life.
Some change when riches arrives however Barbara has remained balanced and she’s proud of her achievements as she should be. 🙏🏼🌟✨💃🏻👍🏼
I loved this Podcast and I love what you are doing out there Erika! You and Barbara talking together made a great pair. A +plus!
Thank you so much!
Absolutely love this...I especially love how she loves her parents and gives them credit...bravo👏👏👏
Thank you lovely podcast. Blessings
Barbara is so down to earth, its refreshing. I really enjoyed listening to what she had to say. Thanks for this.
Barbara is awesome! ⚘️ And so are you, Erika! 🌷 Thank you for the great podcast! ❤
Great interview! I love how real and NYC honest Barbara is. It's definitely fuel to keep u moving forward.
EXCELLENT INTERVIEW ERICA!! ONE THING YOU DO SO WELL IS YOU LET YOUR GUESTS TALK ! YOU LET THEM TELL THERE STORY AND DONT STOP THEM IN MID SENTENCE TO ASK SOME OTHER UNRELATED GIBBERISH LIKE SOOO MANY TALK HOSTS DO!! ..I ENJOY AND TRY TO LEARN FROM YOU DAILY . THANK YOU ERIKA
huge fan of Barbara. such a great interview. great job as always Erika! your channel gets better and better
Really good podcast episode, learned a lot of valuable information. Thank You Erika and Morgan!
I will definitely be watching this again. So many great nuggets that can be helpful to me as an entrepreneur. Thank you Erika and Barbara!
Amazing interview! Thank you both so very much!
Thank you Erika, for bringing on such an amazing guest. And thank you Barbara, for the beautiful words of reassurance.
Finding success on the heels of failure...that's an important statement that I will take with me going forward. As an Attorney, a woman and an entrepreneur, dealing with failure has always been my greatest challenge. Excellent podcast. Blessings.
That was very good interview i don't see soo good from long time keep good work Erika and team.
Thank you for this video! It was a great learning experience with key take aways as I am starting my own business venture! Look forward to more videos that give insight to entrepreneurs
Incredible interview thank you for having Barbara on your show!
Honest real genuine and warm. Thank you both. ❤
Admirable business woman with her head over her shoulders!
Exactly what I needed to hear today. ❤️thank you.
Thank you Erika! Great questions and so inspiring!! Thank you Barbara for being so open, and willing to share! Hearing about your struggles and success is such motivation!
This interview had impact and your questioning was great as you unearthed gems. Great Job!
I love this interview!! Thanks!!😊
I really enjoyed this. It is so inspiring to hear Barbara's story and hear what motivates her, as I too can relate to this. Thank you for making this podcast!
Everyone has a gift. Yes everyone has something to contribute to a team! I have led teams and I empower each person to grow their talents even when they don’t think they have nothing to offer. It energizes me when the newer member of the team takes the newbie under their wing because they have grown in their confidence and skill set!
Great interview. Thank you and you did an excellent job! Well done...
I didn’t know much about her, but her story is very similar to mine (minus the millions 😂). I wasn’t just cheated on, but had an attempt on my life. Had a husband who always said I’m stupid, you’re nothing without me blablabla… that only gives me the courage to live on and move on. I am definitely stronger than I ever thought I’d be. I actually thank for everything that happened to me. You only know how strong and capable you are when there’s no alternative left.
WOW! Barbara is AMAZING! LOVE THIS INTERVIEW!
Wow! This was fantastic! Thank you, Erika!🎉
I relate to Barb! She is so wise and her values seem so human! A.great interview! Barbara is my kind of friend!
Great questions and what an amazing interviewee 👌🏼👏🏼!
Today is the first time that I actually sat, watched and listened intently to your podcast, Erica. You are very entertaining and have interesting guests, but Barbara Corcoran is absolutely magnetic. Ms Corcoran is so relatable to the everyday person . She instantly draws you into her world ,; from childhood to her successful life. I wish that I was young again to enjoy the trials and tribulations and have her confidence. I laughed out loud as I picture a confident person wearing a brand new coat!
Great podcast Erica. Congratulations to you.
Love this! I can't wait to listen and learn! You're amazing!!!!
Great conversation and I definitely learned a few things. Thanks 😊
Such a Great Interview! Thank you Erika for making a, "podcast channel" so all of us can be educated!
Love Barbara! She is so real and kind.
Great Episode, very inspiring. Thank you Erika !💕
My rough childhood (school mostly) was also the reason I did everything in my power to as successful as I am today. Insult was a great motivator for me too, Barbara. Thank you for sharing your story
Awesome podcast ERIKA. Was very inspiring and interesting. Thanks for sharing. Keep the content coming. Hope you have an incredible day. Much love. Hugs
So good to see your message, Tim! Hope you're well!
Loved the podcast Erika! Barbara always inspires me!
Thank you!!
Awesome interview with a strong woman! Loved it
This was an amazing podcast. Thank you so much.
Fantastic episode.
I really enjoyed how your questions flowed naturally. You seem to balance asking questions you had prepared while also playing off the conversation and diving deeper on certain topics. I didn't feel like you had a list of 15 questions you wanted to just read off a checklist.
Thanks again and looking forward to more interviews.
Thank you!! I'm so happy you noticed. I usually try to prepare just the first question and then let the conversation flow, otherwise I find that instead of truly listening I'm just thinking about which question on a list I have to ask next.
@@Erika2 That makes sense and the difference shows. Well done.
I think I've seen a few Erika shorts in the past. Much success and health to all.
God I love Barbara! She is such a gorgeous, real, witty, and lovely lady! Thank you Erika for bringing her on your show!
Great conversation, so clear and informative
This podcast was amazing! Thank You
So glad to hear!!
Thank you for asking all of the right questions, Barbra is truly an inspiration of how to live a fulfilled life, love her
Thank you for giving back, very good video and may god bless you 10x.
Barbara is real. She never puts on airs. I liked her on Shark Tank but I wasn’t sure why. Now I know why. She is real. Her comment that being in business isn’t about the money but about building a team and seeing how far you can go together touched me. I also thought that her comment was really more about who Barbara is than anything else. She would be cool, IMO, even if she weren’t as “successful” as she is.
Love you both! Thank you Barbara for reminding me new beginnings are beautiful and it's ok to want to try everything until something sticks. I've tried so many things 27+ years and haven't found what stuck and many failed "side hustles" but I hope to discover that soon.
@katy…keep hustling!! We will find it!❤
Grrrreat interview! Thank you.
Loved the podcast. Fascinating content!
You hit it out of the park, again.
Knowing that others, who we respect, have made it through storms, and, from them, found the strength and insight, to success, is encouraging.
WOW...WHAT AN AMAZING WOMEN!! I LEARNED ALOT ABOUT MYSELF FROM HEARING BARBARA'S INCREDIBLE STORY. I HAVE A LOT OF WORK TO DO !! THANK YOU
Such a great interview! I really need to hear this advice!
This is a great interview.
Best interview, ever! So inspirational!
Excellent episode! I love Barbara.
It's so fresh to see an honest person like this..
This was a very helpful interview. Thank You both so much. The questions were very good and Barbara’s answers were inspiring and wise. And it was also very pleasant to listen to and watch. Thank s again❣️🌸
I wanted to hit the like button more than once for this episode. So much good advice and so many good questions asked. Thank you!
I've been waiting for this episode!!!!!! Barbara can you be my boss!!!? 💛💛💛💛
Her voice is so sweet and endearing. Like a grandmother ❤️🌹
This was excellent!
I enjoyed the podcast! Barbara Corcoran is an interesting woman. She seems like she's down to earth & humble. Thxs for sharing !
Very enlightening!
So inspiring, thank you for sharing .
Thank you very much! ❤ Very inspirational. Barbara seems very kind and simple person. I did’t know Barbara before, but I think that is moment to read her book. It’s time that I do something big with myself.
Great interview. Very informative