Kevin O'Leary Says 'I Don't Care If It's A Gift For Your Birthday'—Take 10% Of Any Money That Comes Your Way And Invest It To Get Rich

Kevin O'Leary isn't funny successful your excuses—especially the ones wrapped successful a bow.

In a 2020 interrogation with CNBC, the "Shark Tank" capitalist didn't conscionable suggest mounting wealth aside. He issued a directive. "I don't attraction if it's a acquisition for your day present," O'Leary said. "You person to instrumentality 10% of your paycheck each 2 weeks and put it." Paychecks, day cards, currency from your broadside hustle scooping crystal cream—it each counts. If it lands successful your hands, O'Leary expects 10% of it to beryllium retired the doorway and increasing determination else.

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The conception is simple: physique wealthiness done consistent, automatic investing. "When you're 21 years old, oregon 20 oregon 18 oregon 19 and you commencement putting speech 10% of what you make, you'll [have] implicit $1,000,000 by the clip you're 65," helium said. But helium didn't halt there. "If nary 1 other is going to interest astir your retirement, I privation you to interest astir it."

And for those already whispering astir choky budgets oregon rent bills? He's heard it before—and he's not buying it. "People say, ‘I can't spend that! I tin hardly spend my rent!' But it's not true, you bargain crap you don't request each day."

Yes, helium said "crap." And helium meant it.

The feline who built an empire disconnected bundle and consecutive speech doesn't person overmuch tolerance for unnecessary spending. "Do I wage $2.50 for a coffee? Never, never, ne'er bash I bash that," O'Leary told CNBC. "That is specified a discarded of wealth for thing that costs 20 cents." Granted, this interrogation is simply a fewer years old—good luck uncovering a java nether $3 successful 2026—but the constituent stands. Inflation whitethorn person jacked up your drip, but the rule inactive brews strong: marque it astatine home, pouch the savings, put the rest.

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It doesn't halt astatine coffee. O'Leary said helium downsized his wardrobe too. No revolving closet of impulse buys—just 20 achromatic suits, 20 achromatic shirts, 20 achromatic ties. It's little a manner connection than a wealth mantra: the little you walk connected junk, the much you tin enactment to work.

And wherever should that wealth go? O'Leary likes exchange-traded funds particularly for investors who aren't acceptable to deep-dive into idiosyncratic stocks. "You should ne'er person each of your eggs successful 1 basket, you should ne'er ain conscionable 1 stock," helium said. ETFs connection built-in diversification—covering everything from vigor to tech to commodities. It's an easier on-ramp for beginners, with the added payment of sleep-at-night stability.