Kevin O’Leary has been vocal about saving cash for years. In 2024, he stated individuals who spend $5 on coffee are “idiots” and doubled down on his disdain for wasteful spending earlier this month — “I am unable to stand it once I see youngsters which are making 70 grand a yr spending $28 for lunch,” he stated 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 manner, noting that his kids obtained the identical recommendation at a really younger age.
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“What is the first piece of recommendation I gave my youngsters about cash, and the final piece of recommendation, and the recommendation I all the time give them? Do not spend it,” O’Leary stated. “Put it aside. Make investments it. Let it compound.”
O’Leary stated that the market offers 8% to 10% curiosity, so take a set quantity from each paycheck, present, or earnings of any type, and make investments it.
Save. Make investments. Compound. It is that straightforward.
I do not care if it is a present from grandma or your paycheck, 15% of all the pieces goes to work. Do it lengthy sufficient? You will 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 offers you. Or something you get in a aspect hustle, and make investments it,” O’Leary stated within the video.
With this technique, O’Leary says that by the point you might be 65, you may have “thousands and thousands within the financial institution, even if you happen to 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 stated. (And we all know he means $5 espresso and $15 desk salads.)
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