Shark Tank's Barbara Corcoran on Why You Should Spend Money Before You Have It

Entrepreneur and Investor Barbara Corcoran explains why she believes spending money in a deliberate way even before you earn it is a smart business strategy , and shares the story of her first really big investment. And yes, she committed to it before she had the money.

In Barbara’s money story you will learn:

-How she bought her first house at age 29 (which had 8 bedrooms!)-The importance of discussing big purchases with a significant other-How Barbara saved $7,500 in three months

In Barbara’s money lesson you will learn:

-How she motivates herself to save money-Why she chooses to ignore rational and take risks-Her advice on committing to a goalRelated: Celebrity Blogger Perez Hilton Reveals How He Got Top Billing Over Lady Gaga

In Barbara’s everyday money tip you will learn:

-Why she spends money before she has it-How she puts herself under pressure in order to produce financial results

In My Take you will learn:

-Why it's always good to listen to different opinions and take advice from successful people-Two negotiation tips that will save you money and help your career

Bobbi and Barbara also talk about:

- Chef Boyardeeand Ramen noodles, the quick dinner that helped save Barbara money and reminded Bobbi of her childhoodEPISODE LINKS:Listen to Barbara Corcoran's podcast Business Unusual here, and on iTunesWatch Barbara give more business advice on the multi-Emmy award winning show Shark Tankon ABC