Kevin O’Leary has been vocal about saving cash for years. In 2024, he mentioned individuals who spend $5 on coffee are “idiots” and doubled down on his disdain for wasteful spending earlier this month — “I can not stand it after I see children which are making 70 grand a 12 months spending $28 for lunch,” he mentioned on the “Diary of a CEO” podcast.
Now, in a publish on X on Monday, the longtime “Shark Tank” investor defined why he feels this fashion, noting that his youngsters acquired the identical recommendation at a really younger age.
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“What is the first piece of recommendation I gave my children about cash, and the final piece of recommendation, and the recommendation I at all times give them? Do not spend it,” O’Leary mentioned. “Reserve it. Make investments it. Let it compound.”
O’Leary mentioned that the market provides 8% to 10% curiosity, so take a set quantity from each paycheck, present, or earnings of any form, and make investments it.
Save. Make investments. Compound. It is that easy.
I do not care if it is a present from grandma or your paycheck, 15% of the whole lot goes to work. Do it lengthy sufficient? You may be wealthy. pic.twitter.com/mRjrOn9tWG
— Kevin O’Leary aka Mr. Great (@kevinolearytv) July 14, 2025
“Take 15% of each paycheck, I do not care how huge it’s. Or any present Granny provides you. Or something you get in a aspect hustle, and make investments it,” O’Leary mentioned within the video.
With this technique, O’Leary says that by the point you’re 65, you will have “tens of millions within the financial institution, even should you solely have a wage of $65,000.”
Nonetheless, there may be one caveat to all of it: “Simply do not buy crap you do not want,” he mentioned. (And we all know he means $5 espresso and $15 desk salads.)
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