Kevin O’Leary: Don't Make These Common Money Mistakes
Everyone’s favorite "Shark" Kevin O’Leary, a.k.a. Mr. Wonderful, is back with advice on the most common money mistakes and how to avoid them. From his pick for the best side hustle during the coronavirus pandemic to knowing when to make the leap to start your own business, Kevin O’Leary’s got you covered. And don’t worry, he addresses whether buying coffee is a waste of money. In May, Kevin O’Leary reacted to KZreadr Graham Stephan’s Millennial Money episode. Whether or not you’re a millionaire, Kevin has some advice for you as well.
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Пікірлер: 378
Do you agree with Kevin? Have a question you want him to answer? Let us know in the comments below.
@soojoe
4 жыл бұрын
Where do you go to hire a VA? I’ve checked Fiverr. Any recommendations? Our business JBwipes.com is hiring
@soojoe
4 жыл бұрын
Niah Havelaar my opinion would be to stick to blue chips and look for dividends. I’m 100% sure Kevin would say something similar. Big tech is a best bet on a return. Amazon, Microsoft and Facebook.
@BrunoSilva-lx4pz
4 жыл бұрын
👋 Yes, please!! How can I go to U.S.? Doesn't matter if for the beggining I start cleaning the sh*t of others, "put aside 100 dollars a week"?! In Portugal, a person receive 516€ liquid per month and 300 are just for paying the rent! (Before bills!) Tell me how to go legally and I go!
@APennyPinchersGuide
4 жыл бұрын
Mr Wonderful - actively taking your advice to start a business. Want to help me spread financial literacy?
@josenegrete3694
4 жыл бұрын
Mr. Wonderful, are you just wearing your suit top? lol I remember you saying you often just wear jacket/tie/shirt because video is only shot stomach up lol
18 cents in coffee?? Graham Stefan is overpaying for coffee
@coltoncasey4321
4 жыл бұрын
I think lifestyle inflation is getting the most of him.
@varunvadhera1744
3 жыл бұрын
I scrolled down immediately to find this comment
@asadb1990
3 жыл бұрын
i can do even cheaper for whole bean coffee. and also whenever i go on vacation, i look for cheap rates on nice hotels. and they usually have tons of single serve coffee pods, bags, etc. and just grab a bunch of them everytime you go to reception. i managed to get like 100 pouches of nice organic coffee. each one is good for a large mug.
@anitapatel3591
3 жыл бұрын
Theres a better way to save even more money on coffee then Graham or Shark Tank guy, don't drink it.
@varunvadhera1744
3 жыл бұрын
Anita Patel facts
Not everyone is cut out to be an entrepreneur. Do what makes you happy.
@MXofTHREE
4 жыл бұрын
That's exactly what an entrepreneur is. Someone that does what they love, just so happens they found a way to monetize it along the way. He literally says that. It's about being yourself and experiencing life.
@thoth3270
4 жыл бұрын
Rilver yes. This dude. It took so long to understand this.
@adrianveidt3600
4 жыл бұрын
What a cheap sentimental speech. What if serial killing is my conclusion for satisfaction... does that make me any successful?
@stephaniep1761
3 жыл бұрын
Live in the woods in a make shift shelter?
@seabreeze667
3 жыл бұрын
Yes. U can also keep a job, pay yourself first, don't keep up with the Joneses and stay away from debt. There's nothing wrong with active income. But no one can work forever endlessly. We still have to invest for building bigger wealth and retirement.
GOLDEN RULE : PAY YOURSELF FIRST. DO NOT KEEP UP WITH THE JONESES. STAY AWAY FROM DEBTS.
@tomlxyz
3 жыл бұрын
Pay the Joneses first
@Lifeafter40
3 жыл бұрын
I would add. You are your first business. If you're not at a profit pivot to something else.
The story of Kevin getting fired for not scrapping gum is something ive never forgot since ive heard it. Good for him for keeping his dignity.
@jxx123
2 жыл бұрын
Wrong. You’re probably a lazy bottom feeder
"I'm a scooper not a scraper" - quote you don't want to hear out of context
Hustle and work towards achieving your goals NOW; because its "NOW or NEVER"
Hello everyone, I'm actually looking for a good trader that can help me trade and make good profits, But it's very hard to see a trusted one.... Any idea..
@danielkane851
3 жыл бұрын
Trading Bitcoin is a good business one can think of doing
@angelinajoseph7167
3 жыл бұрын
Yes you're right, Bitcoin is a good business
@williamseric7691
3 жыл бұрын
If you ask me, I think Bitcoin has something big for the world but having a good mentor is the best.
@viannawells1034
3 жыл бұрын
Then I'll like to introduce you to my Mrs Mitchell Roland, Expert Mitchell is the best, have been working with her for months now, investing with Mrs Mitchell is awesome and cool.
@sewerynszulc8155
3 жыл бұрын
I'm shocked someone mentioned and recommended expert Mrs Mitchell, Mrs Mitchell is the best.... She's the plug.
Wait how is his coffee $0.02 cheaper?
@fuchiigi4188
4 жыл бұрын
That’s the deference between rich and considered rich. I want to see the coffee price of Jeff bezoar and bill gates. In another thoughts maybe he just threw a number there I can lie too , “I make coffee with 13 cents you” see
@saulgoodman2018
4 жыл бұрын
He drinks it black. Which taste nasty.
@FelipeL67
4 жыл бұрын
LOL
@shaneviola8848
4 жыл бұрын
@@fuchiigi4188 graham stephan makes 20 cent coffee. You make it for your self at home
@carsoncommand4172
4 жыл бұрын
Economies of scale.
Mr. Wonderful isn’t wearing pants in this video. I’ve seen his behind the scenes!
@jamesoo96571
4 жыл бұрын
"Don't waste money on things you don't need"
@Elitecommando501
3 жыл бұрын
He is swinging his helicopter
GOD : Get Out Debt.
@kaiyayork4938
3 жыл бұрын
Searching for Graham in the comments 👀👀👀
Graham thought he was frugal with his 20 cent coffee but Kevin proved that he was overspending **Graham triggered**
Whenever possible, strike a royalty deal -- that's the motto of Mr. Wonderful on Shark Tank at least!
BEANSTOX App is not available in Ireland 😒 Why people keep making investing apps in U.S. when there’s tons of and where whole European market is begging for it 🤦♂️
Focus on your skills. Your skills will dictate your pay.
Ngl that was a pretty good epiphany. Gonna keep my motivation up and grind harder to control my destiny as much as I can. :D
_Searching for Graham in the comments_ 👀👀👀
In regards to coffee we bought a coffee bean grinder and buying beans in bulk is much cheaper and can make more than buying already made coffee, plus you get to make your own!
4:20 looks like they are using a drill bit to stir their coffee haha
Don’t marry a person who doesn’t have a career. That person doesn’t have their act together, and they have no idea what money is worth and how to manage it. Ironically, though they may seem to have plenty of time to be a parent or take care of the house, they won’t necessarily do a good job at either because they are undisciplined. If your marriage doesn’t work out, the law will punish you for supporting this person during the marriage by making you support them after the marriage. I learned this lesson the hard way, and instead of getting ready to go into a comfortable retirement with a partner, I am looking at a minimum of ten more years of work at which point I am still not sure how I will pay for both retirement and support. There are plenty of cautionary tales out there, and “That won’t happen to me because we are in love,” is not a rebuttal. I wish everyone would be more open about the financial consequences of marriage and how to protect yourself.
@stephaniep1761
3 жыл бұрын
Society creates the financial consequences. Marriage is a commitment of the soul.
@rjs617
3 жыл бұрын
@@stephaniep1761 Why didn’t I think of that: “Honey, I know you want an engagement ring, and a big wedding with friends and family and cake and a fancy dress, and I know you might be expecting to sign some kind of marriage license, but hear me out. Marriage isn’t any of those things. It is a commitment of the soul.”
@stephaniep1761
3 жыл бұрын
@@rjs617 I don't want that anymore. Marriage destroyed my soul. I could care less about money.
@rjs617
3 жыл бұрын
@@stephaniep1761 I am sincerely sorry to hear that. Having a marriage go bad was one of the worst things that happened to me, and I wouldn’t wish it on anyone. I learned a lot, though.
I believe at 5:22 it’s Hong Kong. Thank you for showing this
"And I was fired." ... "Being an employee is a good, secure job." LOL
@tomlxyz
3 жыл бұрын
It's relatively secure compared to the alternatives
@pharrell9024
2 жыл бұрын
Difference between working a normal job & in a company
Time is so important to consider. I like what Robert Kiyosaki said too, your most valuable asset is between your ears. ✌️
Kevin is hard for me to analyze. I think he’s brilliant with money but I’ve heard conflicting remarks. He’s said he’d never buy stocks that don’t pay dividends. He justified that really well in the past. But he also pumps Shopify which is a great company with a bright future. I think it’s ok to change your mind, but it’s hard for me to tell where he’s at sometimes
@damongardea4591
2 жыл бұрын
He now buys stocks with dividends
Everyone who is looking for Graham in the comments!
@chankanyy924
4 жыл бұрын
Lol
@stevenyia2778
4 жыл бұрын
Instagram or Stephen Gram 🤔🙃
3:29: Kevin says throw all your money in the market. 🚀 🚀 🚀
I thought not doing anything was the worst, and then I realized that it was still my time. ChangedMyMind
There is no beanstox on the app store?
You're already doing good by watching this video!
You can see Kevin doesn't like Starbucks lol
@kyleli7005
4 жыл бұрын
he said “If you can’t afford it” lol
I understand where he's coming from with "pay off your debt first", but how many ordinary people can achieve the luxury of absolutely zero debt these days? Student loans last years and home loans last decades - and that's assuming you don't get stuck with credit card loans at exorbitant rates. To me it stings when rich people tell ordinary people that they should just "not buy coffee if you can't afford it", as if less well-to-do people don't understand the basic concept of saving money. Of course we do, but when you save money, very often you have to trade-off your time, which is also scarce -- e.g. spending time cooking at home in order to save money eating out, going out of your way to look for sales to save money on everyday items, commuting 2 hours on the subway instead of spending money on cars/taxis, etc. This saps your time and energy, which are also otherwise needed to make money. It's a constant cycle of limited money and limited time. I'm sure he worked hard to get to where he is, but I would also guess that he did not become a multimillionaire by nickel-and-diming $3.82 for every cup of coffee. It's easy to preach saving money when you are rich and have enough spare cash, not only to avoid interest payments by paying everything upfront, but also to hire help to do your cooking/cleaning/etc for you - freeing up the time and energy needed to grow your millions.
@EwYoureCringe
3 жыл бұрын
kevin is just FoS lol don’t take him too seriously
@Omar_Facio
2 жыл бұрын
I think kevins message really woosh’d you. Student loan debt is the worst kind of debt you can have compared to all other types of debt. Students get really shafted with the interest rate. So yes nickel and dime everything to get that student debt off ASAP because it’s that bad, sacrificing sleep to get up and make your food and coffee, whatever because you gotta speedrun paying it off. Then when you finished (you might find you got used to the routine and if you’re young, you can handle being that frugal) you can decide how to continue on. If you do decide to continue saving as you were, then hey now that money can go into saving for investments. The truth is you are right that it’s hard and that’s just life, doesn’t matter if a rich guy like Kevin tells you this or a rando on the internet. Reality is harsh, don’t fall for the consumerist lifestyle being heavily marketed to you.
"i'm a scooper not a scraper"
The wise stay financially stable by spending less and investing more while the unwise remain poor by spending more and yet not investing like the wise ones do.
@giottoluis5403
4 жыл бұрын
Well said👋 You're right, investing is the key.
@nathanfelix699
4 жыл бұрын
Well that's generally true it's concerning that several of the richest most successful investors are sitting on the sidelines right now and waiting for a better entry point
@raphaelgabriel7862
4 жыл бұрын
So true Lol, it doesn't make sense
@jiannhailey27
4 жыл бұрын
It can be said a little simpler, if you want to be rich then focus on saving and investing, if you want to be poor then focus on spending
@johngeorge2291
4 жыл бұрын
I already Invested in stocks and I can't really get a good returns from it
Keep these videos coming. I love all of them!
Waiting for @GrahamStephan to make a reactiom video on this!
Nobody is going to pay an inexperienced assistant $60-100/hour. That’s laughable.
@johnlee2238
4 жыл бұрын
Not with that attitude
@mindibear
4 жыл бұрын
I know right? Not when you can hire somebody in India for $4/hour.
@saharabooks6983
4 жыл бұрын
@Mindi Bear So true 😂😂😂
My favorite shark. Uncle Kevin
Oh well , investing should be taught way before putting someone on a debt ( because after that you won’t really have money to invest ) but apparently the opposite has been done in this economic system ... if this is done intentionally or by accident that’s another issue
Opportunity in chaos is prolly the most important thing to remember
@stachowi
4 жыл бұрын
Crisis is change screaming to occur... change makes millionaires.
@Je.rone_
4 жыл бұрын
@@stachowi this is true
@stachowi
4 жыл бұрын
@@Je.rone_ new titans are being created right now, I wish you the best!
@temtech9730
4 жыл бұрын
That could be a great band name
Funny watching this and thinking about Graham Stephan and his new coffee company.
I can assure you that starbucks does not like Kevin
FULLY AGREE WITH YOUR ADVISE ... I.E. LIVE SIMPLY & REMAIN HUMBLE, NEED LITTLE & WANT LESS .
Waiting for Stephan Graham to react!
@Tomi_janet15
4 жыл бұрын
😂
The least you can do is get him in focus
I've become financially literate at about 35 yo. I had nobody in my life that could teach me that until that age and the system is most definitely not interested to teach you that, so i learned it by myself, because one day i thought, there has to be something more than just going to work and living paycheck to paycheck.
@ecogreenyes8784
11 ай бұрын
USA today only suited for hard working appreciative immigrants. Natives are idiots!
I loved trying to work while going to school ("I think I could aim for more").
I will forever be indebted to you Mrs Victoria and this channel you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs Victoria Olga.
@CharlotteHornets3
2 жыл бұрын
Amazing to see someone who trades with Mrs Victoria Olga, i am currently on my 7th trade with her and my portfolio has grown tremendously
@grantcardone9290
2 жыл бұрын
And this is not the first time I am hearing of Mrs Victoria Olga and her exploits in the trading world but i had no idea on how to reach her, i have already lost enough of money since my retirement on binance trying to do it myself
@CharlotteHornets3
2 жыл бұрын
@@grantcardone9290 👆👆Look up to send a direct mesg right away 👆👆
@andrewjason7365
2 жыл бұрын
That is the exact reason I advise both new and old investors to trade with a professional who understands the market quite well that way maximum profit is attainable She is the best I know so far Victoria Olga
@anthonydonovan7886
2 жыл бұрын
Same here, i started with $5,000 now earning $16,200 bi_weekly profits with her trading platform
Investing is such a great thing. You're helping others grow and you'll get your fruit in future
Simply amazing! 😃
For indian youth now a days , the "coffee " should be replaced with "smoking"
I don't think my boss would like me having a 24/7 "side" hustle.
Nobody:... Kevin: why buy Starbucks?!
He is always fun to listen to.
How does Mr. Wonderful feel about designers? What are his thoughts and opinions of theses people as it relates to business.
Omg I'm learning so much from this video's principles and morals thanks for the upload
Always hated coffee... Good to know I'm potentially saving thousands lmao but wow, it's ridiculous how people obsess and waste on coffee
@getpoked2498
3 жыл бұрын
Crazy how people drink what I don't like! I'm potentially saving thousands!
Who is watching this video while having less then $20 in your Life 😀 Go get some Lemon And Make Lemonade 🙄 Losers like me...🙄😀
@Don2006
3 жыл бұрын
Everyone starts with $0.
@SamsArtStudio95
3 жыл бұрын
Don Yeah 😀😀
$100/week from what income? what if you dont have income?
common money mistakes I made and why you should avoid them Never Ever Lend Money Kept In Your Custody. Avoid Impulse & Unplanned Expenses. The Money Will Come. Spending Based On Other People's Purse. Spending Money Before It Gets To You. Money Sent Me On Errand. Depending on the Generosity of Strangers.
How can one keep starting new businesses, one failure after another? Where does that money come from to help you start a new business each time the previous one doesn't work out?
@doitdiaries3797
3 жыл бұрын
If a business fail, it doesn't mean that there would be no remaining asset. If there is no profit in a business better end it to save the asset, liquidate it then reinvest in another business.
If you pursue entrepreneurship for money then you got it all wrong. Don’t get it? Read it again
Opportunity in chaos
So basically a coach instead Of digital assistant
O’Leary is the best Canadian that business guru
@justworkingfortheweekend8504
3 жыл бұрын
No even close the founder of London Drugs has way more money
Lol, I like how when O'Leary said some "some people are meant to scrape the floors" the video showed democrats protesting on the streets. Savage XD
@muckymucks
3 жыл бұрын
Should’ve shown Republicans storming the Capitol building and beating the Capitol cop to death.
It all depends on choices. Because I could still use debts as a way to sue blah.
I'm 17 and I'm SUPER pessimistic about my generation's financial situation, however I don't just save a hundred a week, I save all the money I make, which averages out to about 240 a week. I'm looking to get more hours at my job, though.
Thank you Kevin! Your advice made me reevaluate my finances.
@ecogreenyes8784
11 ай бұрын
Won't do you a bit of good cause to get finances fixed is not an American trait !
he is so disconnected .... how about folks who only make $400/week???? how much are they supposed to save ?
@firstlookpro7282
3 жыл бұрын
Stop making excuses and find a second job!
How are you today Graham?
Kevin: coffee costs 18c at home Also Kevin: look at my multimillion watch collection
@Jeren6924
4 жыл бұрын
When you're at his level those watches are pennies. Besides, watches mostly hold their value.
@mwanikimwaniki6801
4 жыл бұрын
@@Jeren6924 Exactly... And some can be sold for a hefty sum.
@LovelyTranquility
4 жыл бұрын
He can afford it. He made a point to say get out of debt first. Then when you're able to afford the luxury you desire, go for it.
My uncle could relate, but I couldn't maintain it.
Because it's easy money.
Excellent video
Anything that indicates that loneliness is real. Don't be a temporary regret.
other people stay in the house all day “i’m bored “
It seems so simple yet so complicated at the same time 😁😁😁
@ecogreenyes8784
11 ай бұрын
Everything is simple when you know what your doing..Nowadays, morons in charge !
we are told in my video for all traders of 24 august gold market down and touch $1907 and finally 26 august gold market blow $ 1907 and move up
I like this guy's advices, so useful.
@ecogreenyes8784
11 ай бұрын
REMEMBER: O'Leary is hard nosed double talking winner insofar as a good hustler 1
Wonder where he got the 18 cent coffee?? Graham??!
Anything that helps improve my skills.
Hey, I'm 18 years old and I really am interested in earing for my future. Could anyone recommend me what side jobs I could do?
Kevin, coffee isn’t $4. It’s $6
@whats_appme-2883
2 жыл бұрын
Share your thoughts with me.☝️☝️ Thanks for watching...
Not everybodoy can put aside 100 $ week to save Or to invest some people in other countries or poor people dont even receive a 100$ a week
Most of the people out here in the comment section coming up with hocus pocus "Alternative ways of live" and "Money won't matter" message. YEAH, that's why O'Leary is the Billionaire preaching and you're scrambling in comments
Too many ads!
Change the title sir...
One thing that tells me he may be a bit out of touch. Invest on saving 100 dollars a week for retirement. Unfortunately you have a lot of people making less than 30 thousand a year. Add rent to that and many folks are struggling just to keep some gas money in their pockets. Just keep tour debt to a minimum and at least invest something even if it's only 15 dollars a month until you earn more. Once you do that surely add as much as possible especially if you work with a company that matches what you put into your 401k
Time is short very short... Our Lord Jesus Christ is coming back really soon... Accept him, with him comes eternal life securing that is extremely important... .. For those who want to know Jesus Christ, my precious saviour say this salvation prayer out loud " Dear God I come to you a sinner I repent from the bottom of my heart please forgive me. Jesus, I believe that GOD raised you from death I make you Lord in my life baptize me with the fire of the Holy Spirit burn the chains that hold me captive to obeying you. I believe Jesus Christ you are the son of the living God please write my name in the book of life from today Jesus I make you LORD and saviour in my life guide and protect and teach me your word AMEN" That's all next read the book of John Romans, & Hebrews u will know how precious Jesus Christ is he is amazing and waiting on you
yeah... doing WHAT?..
2:30 in Africa people get paid $100 a month and I'm my country only 30% of the people get paid above $1000 a month
@alexdh1102
3 жыл бұрын
He's talking about the United States. Just scale it down depending on the earnings in your country.
Damn, Graham has really aged since that last video!
you NEED $$$$ to make $$$$$$$$$$
👍🏿advice🙏🏿
Until the market crashes
The idea of putting $100 a week into retirement stresses me out.
This is soo precious
Kevin, I have failed you
One day
Who told u I'll retired Kev?!!?