Kevin O'Leary Says Broke People Spend $15 On Salads For Lunch But Say They Can't Invest —Trading $500K In Wealth Because They're 'Too Lazy To Cook'

‘Shark Tank' capitalist Kevin O'Leary isn't blaming the system for your bare slope account. He's blaming you. And he's not shy astir it.

"Listen, I'm going to archer you thing astir radical don't privation to hear," O'Leary said successful a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not due to the fact that you don't marque capable money, not due to the fact that the system is rigged against you, not due to the fact that you didn't get lucky. You're broke due to the fact that you support buying anserine things that are keeping you poor."

From the archetypal line, O'Leary makes it clear—building wealthiness doesn't commencement with much income. It starts with cutting the nonsense.

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His archetypal target? That shiny caller car successful your driveway.

"Buying a caller car is 1 of the dumbest fiscal decisions you tin make," O'Leary said. A car drops 20% to 30% successful worth the 2nd you thrust it disconnected the lot, helium explained, turning thousands of dollars into dust—for thing but "that caller car smell." And leasing? "Leasing is the implicit worst," helium said. "You're renting a depreciating asset… You gave the dealership thousands of dollars for the privilege of borrowing their car."

His proposal is brutal but simple: "Buy a three-year-old certified pre-owned car. Let idiosyncratic other instrumentality the depreciation hit. That's what affluent radical do."

O'Leary isn't conscionable coming for your car. He's coming for your kitchen—or much accurately, the 1 you garbage to use. "People archer maine they don't person wealth to invest. And past I ticker them walk $15 connected a crockery for lunch," helium said. That's not a splurge. It's fiscal self-sabotage.

The mean American spends astir $4,000 a twelvemonth eating out, according to information from the Bureau of Labor Statistics. O'Leary runs the math: investing that aforesaid $3,500 annually for 30 years astatine 10% could go much than $600,000. "You're trading fractional a cardinal dollars successful status wealthiness for convenience and fancy meals you'll hide astir successful 24 hours," helium said.

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Pack your lunch. Make your java astatine home. "These aren't sacrifices," O'Leary said. "These are astute fiscal decisions." But erstwhile you bash devour out, helium says, astatine slightest marque it count. "Don't discarded wealth connected mediocre concatenation restaurants due to the fact that you're excessively lazy to cook. That's not surviving well. That's being financially irresponsible."