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Barbara Corcoran Isn’t Falling for This ‘Propaganda’ — and You Shouldn’t Either If You Want To Build Wealth

Jamie Stone

Sat, Jul 12, 2025, 9:02 AM 4 min read

Barbara Corcoran, the real estate mogul and “Shark Tank” investor worth an estimated $100 million, has built her fortune by deliberately ignoring conventional wisdom. In a recent social media post, the entrepreneur called out pieces of “propaganda” that could affect your life and money.

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Corcoran’s contrarian approach has clearly worked for her; she built a real estate empire from a $1,000 loan and sold it for $66 million. Here are some pieces of “propaganda” she warned against and how rejecting each one can help you build wealth.

Society tells us we need a complete road map before starting any venture. People wait for the perfect plan, the right timing and all the answers before taking action. Waiting for certainty is the enemy of opportunity. Markets change, technology evolves and windows of opportunity close while you’re still “figuring it out.” Some of the most successful entrepreneurs start before they’re ready and adapt as they go.

And rejecting this piece of “propaganda” can help build wealth. Here’s how:

First-mover advantage: Starting without all the answers often means entering markets before they become saturated.
Learning through doing: Real-world experience teaches faster than theoretical planning.
Speed to market: Getting products or services to customers quickly allows for faster iteration and improvement.
Momentum building: Taking action, even imperfect action, creates forward movement that attracts opportunities and resources.

Learn More: How To Build Wealth in 2025: 10 Smart Steps That Work

Traditional education and academic achievement are portrayed as the primary predictors of success. People believe you need top grades and prestigious degrees to build wealth. However, some academic concepts don’t translate directly to real-world situations, and excessive focus on credentials could delay action-taking.

Not adhering to this can help anyone, not just entrepreneurs, build wealth:

Street smarts advantage: Understanding people, reading situations and adapting quickly often matter more than theoretical knowledge.
Practical problem-solving: Real-world experience teaches you to find solutions that actually work, not just ones that look good on paper.
Relationship building: Social intelligence and communication skills are crucial for business and career success.
Resourcefulness: Learning to succeed without perfect information or resources builds crucial entrepreneurial skills.