{"id":137749,"date":"2025-10-22T06:54:47","date_gmt":"2025-10-22T06:54:47","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/137749\/"},"modified":"2025-10-22T06:54:47","modified_gmt":"2025-10-22T06:54:47","slug":"7-frugal-habits-of-the-shark-tank-stars","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/137749\/","title":{"rendered":"7 Frugal Habits of the &#8216;Shark Tank&#8217; Stars"},"content":{"rendered":"<p>                    <img src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/10\/Shark-Tank-cast-members-on-ABC.jpg\" class=\"attachment-full size-full wp-post-image main-post-image\" alt=\"SHARK TANK Daymond John, Barbara Corcoran, Mark Cuban, Kevin O'Leary, Lori Greiner and Robert Herjavec are the &quot;Sharks&quot; on ABC's &quot;Shark Tank.\" decoding=\"async\" fetchpriority=\"high\" \/>                <\/p>\n<p>\n                    Patrick Ecclesine \/ ABC                <\/p>\n<p>Commitment to Our Readers<\/p>\n<p class=\"Font--Poppins Font--Body-l\">GOBankingRates&#8217; editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services &#8211; our reviews and ratings are not influenced by advertisers. You can read more about our <a href=\"https:\/\/www.gobankingrates.com\/about\/editorial-guidelines\/\" rel=\"nofollow noopener\" target=\"_blank\">editorial guidelines<\/a> and our products and services <a href=\"https:\/\/www.gobankingrates.com\/about\/review-methodology\/\" rel=\"nofollow noopener\" target=\"_blank\">review methodology<\/a>.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&amp;quality=75\" alt=\"\" class=\"wp-image-1994546\"\/><\/p>\n<p class=\"Font--Poppins Font--Body-l\"><strong>20 Years<\/strong><br \/>Helping You Live Richer<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-experts-review.svg?webp=1&amp;quality=75\" alt=\"\" class=\"wp-image-1989830\"\/><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon__trusted.svg?webp=1&amp;quality=75\" alt=\"\" class=\"wp-image-1994547\"\/><\/p>\n<p class=\"Font--Poppins Font--Body-l\"><strong>Trusted by<\/strong> <br \/>Millions of Readers<\/p>\n<p>Mark Cuban and Kevin O\u2019Leary are famous for being <a href=\"https:\/\/www.gobankingrates.com\/money\/financial-planning\/financial-planning-guide\/\" rel=\"nofollow noopener\" data-is-dynamic-hyperlink=\"false\" data-link-type=\"first-link\" data-link-position=\"1\" target=\"_blank\">smart with their money<\/a>, but some of their frugal habits are a little quirky. However, learning from them may help you with your own finances.<\/p>\n<p>Here are seven ways that these and other \u201cShark Tank\u201d stars <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/budgeting\/how-to-save-hundreds-per-month-according-to-ramit-sethi\/\" data-type=\"link\" data-id=\"https:\/\/www.gobankingrates.com\/saving-money\/budgeting\/how-to-save-hundreds-per-month-according-to-ramit-sethi\/\" rel=\"nofollow noopener\" data-is-dynamic-hyperlink=\"false\" data-link-type=\"money-link\" data-link-position=\"2\" target=\"_blank\">pinch pennies to preserve their wealth<\/a>.<\/p>\n<p>Mark Cuban Won\u2019t Spend Money on Fancy Watches<\/p>\n<p>When Cuban sold his first company, he told E! News he vowed never to wear a watch again. The former Dallas Mavericks owner says that for him, not wearing a watch represents freedom.<\/p>\n<p>\u201cWhen I sold my first company when I was 29, the only watch I ever owned was one my dad gave to me. I took it off and I put it aside and I said, \u2018Now that I\u2019ve sold my company, I never have to work on anybody\u2019s else\u2019s time, so I\u2019m never going to wear a watch again,\u201d he explained.<\/p>\n<p>That\u2019s a big contrast with Cuban\u2019s fellow Shark, O\u2019Leary, who is known to love buying expensive watches. His costars sometimes rib O\u2019Leary about this buying habit. \u201cIf he tells me about one more watch I think I\u2019m going to shoot him,\u201d said Barbara Corcoran in a video for Us Weekly.<\/p>\n<p>Todd Graves Doesn\u2019t Fly on Private Planes<\/p>\n<p>Graves told E! News he can\u2019t stomach the cost of taking private flights, at least when he\u2019s traveling internationally. \u201cFor those dollars, I\u2019ll just get on a regular plane,\u201d he said.<\/p>\n<p>Barbara Corcoran Doesn\u2019t Fly First Class<\/p>\n<p>Savvy investor Corcoran is even more frugal than Graves, at least when it comes to flights. She told GOBankingRates <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/travel\/tips-to-fly-business-class\/\" data-type=\"link\" data-id=\"https:\/\/www.gobankingrates.com\/saving-money\/travel\/tips-to-fly-business-class\/\" rel=\"nofollow noopener\" data-is-dynamic-hyperlink=\"false\" data-link-position=\"3\" data-link-type=\"incontent_link\" target=\"_blank\">she never flies first class<\/a>, no matter where she\u2019s going.<\/p>\n<p>She does bring her own touch of luxury, though, by packing herself a gourmet lunch, complete with a bottle of wine and elegant table linen whenever she flies.<\/p>\n<p>Lori Greiner Doesn\u2019t Buy Expensive Cars<\/p>\n<p>The Queen of QVC told E! News <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/car\/new-luxury-cars-most-likely-arent-worth-expensive-upkeep\/\" data-type=\"link\" data-id=\"https:\/\/www.gobankingrates.com\/saving-money\/car\/new-luxury-cars-most-likely-arent-worth-expensive-upkeep\/\" rel=\"nofollow noopener\" data-is-dynamic-hyperlink=\"false\" data-link-position=\"4\" data-link-type=\"incontent_link\" target=\"_blank\">buying expensive cars<\/a> is too risky for her liking. Greiner has said that she would never buy a Lamborghini \u201cthat could get crashed and ruined in a minute.\u201d<\/p>\n<p>Kevin O\u2019Leary Won\u2019t Buy a Yacht<\/p>\n<p>Canadian-Irish businessman and journalist O\u2019Leary may spend a lot of money on his collection of watches, but he says he\u2019ll never shell out for a yacht. The shark joked to E! News that \u201cyou can see the money burning off them.\u201d<\/p>\n<p>Daymond John Uses the $3 Rule<\/p>\n<p>FUBU founder John has a simple rule for saving money and staying out of debt, according to a video on YouTube Shorts. He says his \u201c$3 rule\u201d works whether you\u2019re earning $3, $3,000, or $3 million.<\/p>\n<p>John\u2019s system works by splitting your earnings into three buckets or \u201cdollars.\u201d The first dollar pays for necessities like food, bills and housing. The second dollar should be used for investments. Finally, the third dollar can pay for luxuries.<\/p>\n<p>In other words, <a href=\"https:\/\/www.gobankingrates.com\/money\/wealth\/most-exclusive-luxury-brands-nearly-impossible-to-buy\/\" data-type=\"link\" data-id=\"https:\/\/www.gobankingrates.com\/money\/wealth\/most-exclusive-luxury-brands-nearly-impossible-to-buy\/\" rel=\"nofollow noopener\" data-is-dynamic-hyperlink=\"false\" data-link-position=\"5\" data-link-type=\"incontent_link\" target=\"_blank\">luxuries come last<\/a>. John said that most Americans tend to forget this rule. \u201cWhat most Americans do is they do number three first because they worked hard and they want to treat themselves. Then they never get to number two and all of a sudden number one is late and you\u2019re paying 18% on your credit cards,\u201d he explained.<\/p>\n<p>Chris Sacca Doesn\u2019t Buy Things He Doesn\u2019t Need<\/p>\n<p>Sacca may have the most frugal advice of all. The entrepreneur and venture capitalist says people shouldn\u2019t spend any money on things they don\u2019t need, according to Entrepreneur. Sacca said that living an extremely simple, frugal life is the best way to buy yourself freedom from the rat race. After all, if you don\u2019t have an expensive lifestyle, you can afford to start your own business or switch jobs.<\/p>\n<p>\u201cPeople get out ahead of themselves in debt with spending on all of their desires,\u201d Sacca said. \u201cBut if you learn to live pretty simply and well,\u00a0well\u00a0under your means, you feel incredibly, incredibly rich and that frees you up and gives you the option to start something new, to leave the job you\u2019re not excited about, where there might be a glass ceiling on you. Just don\u2019t spend your money and you\u2019re well on your way to becoming a millionaire.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Patrick Ecclesine \/ ABC Commitment to Our Readers GOBankingRates&#8217; editorial team is committed to bringing you unbiased reviews&hellip;\n","protected":false},"author":2,"featured_media":137750,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[79,18,5267,19,17,234,235,6782,81696],"class_list":{"0":"post-137749","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-eire","10":"tag-gobankingrates","11":"tag-ie","12":"tag-ireland","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-saving-money","16":"tag-savings-advice"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/137749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=137749"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/137749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/137750"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=137749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=137749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=137749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}