Barbara corcoran, the astute businesswoman known for her discerning eye on Shark Tank, opts for economy class travel despite her considerable wealth.
During a recent appearance on The Jamie Kern Lima show podcast, Corcoran illuminated her reasoning. "A first-class ticket is an extravagant expense," she remarked. "My strategy is simple – an economy ticket costs around 25% of the first-class fare,allowing me to amass valuable frequent flyer miles."
she added, "These miles become a gift, providing free travel for my loved ones.Wouldn’t it be more meaningful if everyone in my family could enjoy a vacation, courtesy of these accumulated miles, rather than indulging in a luxurious first-class experience?"
This generous ethos extends beyond airline miles. Corcoran,a firm believer in making the most of her multiple residences,ensures that every bedroom is occupied. She derives immense satisfaction knowing that her homes are constantly buzzing with activity and shared experiences.
"Not a single bed goes unoccupied in any of my properties," she asserted. "The joy of hearing ‘We had a blast!’ from family and friends surpasses any momentary comfort first class could offer."
For Corcoran, maximizing her resources and sharing them with loved ones are intrinsic rewards of her success.
“As your wealth grows, the irony is that your homes are often used less," she observed. "They become idle assets, a missed opportunity for creating memories. That’s a shame."
Corcoran’s ideology extends to her personal life too. She and her husband, Bill Higgins, have embraced separate bedrooms for the last four decades.
"It sounds unconventional, but it effectively works for us. It keeps things interesting," she confided, punctuating her statement with a playful smile.
Corcoran and Higgins, married as 1989, have two children, Tom and Kate, who have chosen to maintain a low public profile.
What lessons does Barbara Corcoran share about prioritizing family experiences over personal luxury?
interview with Barbara Corcoran: Insights on Wealth, Travel, and Family Dynamics
Editor (Time.news): Barbara, it’s a pleasure to have you with us today. Your decision to travel economy class despite your wealth has raised some eyebrows. Can you share your rationale behind this choice?
Barbara Corcoran: Thank you for having me! It’s really quite simple. A first-class ticket represents an extravagant expense that I just don’t see the value in. An economy ticket only costs about 25% of a first-class fare, which allows me to accumulate valuable frequent flyer miles. These miles are a gift that enables me to provide memorable experiences for my family rather than indulging in my personal comfort.
Editor (Time.news): That’s an interesting outlook. You mentioned that the accumulated miles allow you to help loved ones travel. How does this align with your overall beliefs on wealth and resources?
Barbara Corcoran: Absolutely. I believe in maximizing my resources and sharing them with those I care about. Each mile contributes to creating joyous memories rather than momentary luxury for myself. Wouldn’t it be more fulfilling for my entire family to enjoy a vacation together, rather than me sitting in a first-class seat alone? It’s about togetherness and shared experiences.
Editor (Time.news): You’ve also spoken about your multiple residences and your approach to keeping them occupied. Can you elaborate on why this is significant for you?
Barbara Corcoran: Not a single bed goes unoccupied in my properties! I get immense satisfaction from hearing family and friends say, “We had a blast!” The vibrancy of laughter and experiences shared in a home is far more rewarding than the comfort of solitude. as one’s wealth grows, it’s easy to let homes become idle assets, which I believe is a real missed possibility for creating memories and connections.
Editor (Time.news): That resonates with many people. Changing gears a bit, you and your husband, Bill, have embraced an unconventional choice in your marriage, opting for separate bedrooms. How has this worked for your relationship?
Barbara Corcoran: Well, it might sound unconventional, but it works wonderfully for us. It keeps things interesting after being married for over 34 years! Our separate spaces allow us to recharge individually while still maintaining a strong bond. It’s crucial to nurture your own needs while also keeping the dynamics fresh and exciting.
Editor (Time.news): Indeed, it’s a refreshing take on relationships. As someone who has achieved notable success in the business world, what practical advice can you give to others looking to maximize their resources and build meaningful connections?
Barbara Corcoran: First and foremost, reevaluate how you use your resources, whether that be time, money, or possessions. Strive for shared experiences rather than material comfort. Also, focus on creating environments that bring people together, be it through travel or shared spaces. The joy you cultivate with friends and family far outweighs the short-lived thrill of luxury.
Editor (Time.news): Such valuable insights,Barbara! Thank you for sharing your unique perspective on wealth,travel,and family. It’s clear that your approach goes beyond the customary metrics of success.
Barbara Corcoran: Thank you! It’s been a pleasure to share my thoughts, and I hope it inspires others to think differently about what success really means.
Editor (time.news): for our readers, this conversation serves as a reminder that creating lasting memories ofen surpasses the allure of luxury. In a world dominated by consumerism, Barbara’s insights are both refreshing and thought-provoking.