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Kevin O'Leary: This $28 Habit Is Keeping You Poor! Every Time You Get Paid, Do This!

July 05, 2025 / 01:30

This episode covers personal finance, investment strategies, and the impact of relationships on financial decisions. Key discussions include budgeting, home buying, and entrepreneurship.

The host shares lessons learned from their mother regarding money management and investment. They emphasize the importance of not overspending on lunches and housing.

They discuss the significant impact of relationships on financial stability, noting that financial stress can be more damaging to marriages than infidelity.

The episode also touches on the reality of entrepreneurship, stating that only a third of people can succeed in this area.

TLDR

Personal finance tips, investment strategies, and relationship impacts on money discussed.

Episode

1:30
00:00:00
That is the stupidest thing you can ever do. What is the most important thing for
00:00:03
someone who's just trying to grow their money? So, I learned this from my mother
00:00:06
and I actually built a whole company around it. Yeah, there she is. So, I haven't seen that picture in a while.
00:00:23
Damn. I mean, what she did, the performance was extraordinary. And with that, she put my brother and I through
00:00:29
college. She took care of her family when they fell on hard times. When I saw the results, I said, "That's it. That's
00:00:36
how I'm going to invest for the rest of my life." So, talk me through this. I want as much detail as possible. Okay,
00:00:41
let's start with this. There's a lot of people don't like me for my blindness. I
00:00:45
don't care because there's people that don't think ahead and find themselves mired in debt, but then pissing away
00:00:49
money, spending $28 for lunch. I mean, that's just stupid. What about the house? The mistake that people make is
00:00:56
they buy too much house. Never let the mortgage and the cost of maintaining the house be more than onethird of your
00:01:03
income. Now, how much does the person that you fall in love with have an impact? You kidding? It's everything.
00:01:08
And I did some research and most marriages can survive infidelity. They can't survive financial stress. But if
00:01:14
everybody that's listening does this one thing, you will have over a million and
00:01:17
a half dollars. Kevin, can anybody be an entrepreneur? No. Only a third of people
00:01:23
can become successful entrepreneurs because there's a couple of things that you must achieve to be successful.

Episode Highlights

  • Investing Lessons from Mom
    A personal story about how a mother's sacrifices shaped financial wisdom.
    “That's it. That's how I'm going to invest for the rest of my life.”
    @ 00m 34s
    July 05, 2025
  • The Cost of Love
    Exploring the impact of financial stress on relationships.
    “Most marriages can survive infidelity. They can't survive financial stress.”
    @ 01m 10s
    July 05, 2025

Episode Quotes

  • That's it. That's how I'm going to invest for the rest of my life.
    Kevin O'Leary: This $28 Habit Is Keeping You Poor! Every Time You Get Paid, Do This!
  • Most marriages can survive infidelity. They can't survive financial stress.
    Kevin O'Leary: This $28 Habit Is Keeping You Poor! Every Time You Get Paid, Do This!

Key Moments

  • Mother's Influence00:04
  • Financial Wisdom00:37
  • Marriage and Money01:10