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Miami Herald
15-07-2025
- Business
- Miami Herald
Kevin O'Leary has blunt 3-word strategy to get rich
Kevin O'Leary is the founder of O'Leary Financial Group and the chairman of O'Shares Investments, O'Leary Ventures, and Beanstox. Most people know him for his role on the hit ABC show "Shark Tank," though. Most people also know that O'Leary is very wealthy. In fact, his net worth is estimated to be somewhere in the range of $400 million, with his wealth acquired through his television career, the sale of his software company, SoftKey, and his skillful investments. Don't miss the move: Subscribe to TheStreet's free daily newsletter O'Leary shared some blunt advice on X on July 14, 2025, aimed at helping others build great wealth like he did. O'Leary explained that this is advice that he routinely gives to his children, but it is a tip anyone and everyone should listen to and strongly consider. If you want to maximize your own chances of getting rich, and you're ready to listen to a multi-millionaire who wants to help you, let's hear what O'Leary said to do. O'Leary provided just three simple words that he says are the key to growing wealth. In a post on X on July 14, 2025, O'Leary said bluntly: "Save. Invest. Compound." In the video accompanying the X post, O'Leary also went into a little more detail about this advice, stating: "What's the first piece of advice I give my kids about money, and the last piece of advice, and the advice I always give them? Don't spend it. Save it. Invest it. Let it compound." Related: Dave Ramsey warns Americans on buying a car O'Leary said that building wealth is "that simple," and you only need to do these three things because "the market gives you 8% to 10%." With those returns, your money can work for you and make building wealth really easy, even if you don't make a lot of money – or sell a software company like he did. The investing guru also had some advice on exactly how much you should be saving. "Take 15% of every paycheck, I don't care how big it is, or any gift granny gives you, or anything you get on a side hustle and invest it," O'Leary said. "Then, by the time you're 65, you'll have millions in the bank even if you only have a salary of $65,000, the average salary. This is what the market gives you. Just don't buy crap you don't need." O'Leary is absolutely correct in his suggestion about wealth building, which isn't a surprise because, like most investors, he knows just how powerful compounding can be. When you invest in the stock market, especially at a young age and consistently over time, the money you are saving works for you. It earns you 8% to 10% average annual returns very consistently if you have sound investments that you invest in for the long haul. You don't need to be an investing guru to earn this money, either. Related: Shark Tank's Kevin O'Leary speaks bluntly on divorce and stupidity Anyone can put their money into an S&P 500 index fund and pay very minimal fees and can reasonably expect those 8% to 10% average annual returns. Once you get that money invested, your returns will be reinvested, so your principal balance is constantly growing without any help from you. The more time you have for returns to be invested, the more powerful compounding can be and, as O'Leary said, millionaire status is within reach for everyone. In fact, if you invest an average of $500 per month from age 25 to age 65 and earn 10% average annual returns, your nest egg will grow to $2.6 million. More on personal finance: Dave Ramsey offers urgent thoughts about MedicareJean Chatzky shares major statement on Social SecurityTony Robbins has blunt words on IRAs, 401(k)s Of course, if you start later, you'll have to put in a little more, but most people should be able to consistently invest 15% of their income. While it may require sacrifice, it is well worth it. As O'Leary said, saving and investing to become a millionaire is a much surer path to becoming rich than buying crap you don't need. Redirect some of the money you spend on unnecessary things today to build a much wealthier tomorrow. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Toronto Sun
09-07-2025
- Business
- Toronto Sun
WARMINGTON: Mr. Wonderful offers report card on Prime Minister Carney's first months in power
Kevin O'Leary's assessment of new PM surprising but warns rating will go down if he doesn't fire trade minister Chrystia Freeland Get the latest from Joe Warmington straight to your inbox Kevin O'Leary, chairman of O'Leary Ventures, testifies before the House Committee on Small Business during a hearing at the Rayburn House Office Building on Jan. 18, 2024, in Washington, D.C. Photo by Kent Nishimura / Getty Images The guy's only been on the job a few months but already Prime Minister Mark Carney is on a secret vacation. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account But just when you think the new boss is the same as the old boss comes news that one of the Liberal government's biggest critics offers praise for Canada's 24th prime minister. And some advice. When asked to rate Carney's performance since taking office March 14 and being elected April 28, you may be surprised what Mr. Wonderful Kevin O'Leary had to say. Remember how he felt about Carney's predecessor Justin Trudeau. 'Everything he touched over that 10-year period turned into (excrement),' O'Leary said on Fox News in January before Trudeau announced he would finally step away after being stabbed in the back by then-finance minister and deputy prime minister Chrystia Freeland. 'He will go down in history as the idiot king.' Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Prime Minister Mark Carney greets U.S. President Donald Trump during an arrival ceremony at the G7 Summit in Kananaskis, Alta., on June 16, 2025. Photo by STEFAN ROUSSEAU/POOL / AFP via Getty Images O'Leary was pushing hard for that Trudeau resignation. 'Every Canadian should be working on that,' he told me that same frigid day. 'It can't happen fast enough.' He got his wish. The Dragons' Den star said 'Unfortunately for Trudeau, you have to respect the longevity. He did it without any executional skills. It's very hard to do but he did it.' So, how's his assessment of Carney in his first few months in office? I braced myself for his answer. But he didn't say what I expected him to say. I thought for sure, like he does so often on the Den or Shark Tank , saying 'I'm out.' He didn't. 'Carney has done a great job so far,' said O'Leary. 'He's in a bad situation because of so many bad policies he inherited like the (No More Pipelines Act and Don't Build Anything Anywhere Act) Bill C-69.' This advertisement has not loaded yet, but your article continues below. And bad cabinet ministers. 'I think Carney is doing an 8.79 out of 10 right now,' said O'Leary. That's almost a nine out of 10. That would count as him giving the prime minister an A. But this assessment comes with some caveats. As long as he has Chrystia Freeland as his international trade minister, Mr. Wonderful says, good luck with that. 'She is radioactive waste in Washington,' said O'Leary of Freeland. 'It would help Carney a lot to not have her in cabinet.' She's not the only one. Premier Danielle Smith poses with U.S. President Donald Trump and businessman Kevin O'Leary in Mar-a-Lago, Fla. Photo courtesy of Danielle Smith via X/Twitter 'He still has baggage in the cabinet that he should have dumped because of lack of executional skills.' But Freeland, he said, is his biggest liability in terms of getting an agreement on trade and tariffs with President Donald Trump and the Republican run house and senate. This advertisement has not loaded yet, but your article continues below. 'Freeland did damage to the Canadian brand in China, U.S., India and Egypt,' said O'Leary. 'Why keep dead wood?' This is a bigger issue for American business than Carney's people not saying where in the National Capital Region that the prime minister is going to take the next week off for summer vacation. When he is off, O'Leary said he's hoping he thinks of someone else to handle the trade and transportation portfolio other than Freeland since he believes as long as she's there, there will be no deal with the Americans. If Carney does listen on that recommendation and gets some new faces with a little more in common with the American leadership, O'Leary believes his government will be successful in saving the economy. Any way you cut it, O'Leary says, making things right with the Americans is the more realistic way to go than to be moving closer to Europe. Prime Minister Mark Carney flips pancakes during a stampede breakfast at the United Brotherhood of Carpenters and Joiners of America in Calgary on Friday, July 4, 2025. Photo by Darren Makowichuk / DARREN MAKOWICHUK/Postmedia 'Canada still does more than 70% of its business with the United States,' he said. Fixing that trade arrangement is the key to the future and vital for Carney to still get a passing grade as prime minister. But he must move fast. 'He has about 18 more months to show he can attract capital back to Canada,' said O'Leary. The first step, he said, is to get rid of Freeland from cabinet. 'She's like rotting meat.' Read More Uncategorized Sunshine Girls Toronto Blue Jays Canada Crime
Yahoo
30-06-2025
- Business
- Yahoo
Kevin O'Leary has some advice for young aspiring entrepreneurs who don't know where to start
Kevin O'Leary says young entrepreneurs should spend 24 months working before starting their business. Gaining industry knowledge and connections, he said, increases the probability of success. A few years of failure early on "matters," O'Leary said. Mr. Wonderful's key to success for young entrepreneurs may not be the answer that aspiring startup founders want to hear. "Shark Tank"'s Kevin O'Leary, who goes by the nickname, appeared on a Monday episode of the podcast "Diary of a CEO," where he shared his advice to 21-year-old entrepreneurs who are wondering where to start. "Go work for 24 months in a sector you love, that you're passionate about. Even if they don't pay you, go in there and be an apprentice," he said. "Do that first." To those who don't want to work for someone else, he says it's necessary to do so if you want to understand "how all the cogs work." It could also lead to recognition from someone at the company that could be useful down the line, he added. After two years, it's time to launch, O' Leary said. With a $10,000 loan from friends and family, start your business with the "baseline knowledge of your industry." Assuming that's possible, O'Leary said that even with knowledge and financial backing from your parents, don't expect success right away because "the first one will probably fail." However, a background in the industry — knowing who's who and "how it works" — increases your chances of flourishing. Regardless of how your first launch goes, the key is to do it in your mid-to-early 20s, O'Leary said. "You need to burn a few years failing, and that matters," he told the podcast's host, Steven Bartlett. It helps, O'Leary added, if you have an "aura of confidence," which is often projected through your body language. Your eye contact and stance can show if you have what it takes to be a successful entrepreneur "before a word is spoken," the investor said. "It's in the way you're standing. It's in the way you're dressed," he said. "You have to learn how to project yourself in front of your peers," O'Leary said. "If you don't have it, you're going to fail." The "Shark Tank" judge did not immediately respond to a request for comment from Business Insider. His company, O'Leary Ventures, is a venture capital platform that invests in early-stage companies. In his "Shark Tank" gig, he and his fellow Sharks hear out business owners looking for financial backing. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
30-06-2025
- Business
- Business Insider
Kevin O'Leary's advice for 21-year-old entrepreneurs who don't know where to start
Kevin O'Leary says young entrepreneurs should spend 24 months working before starting their business. Gaining industry knowledge and connections, he said, increases the probability of success. A few years of failure early on "matters," O'Leary said. Mr. Wonderful's key to success for young entrepreneurs may not be the answer that aspiring startup founders want to hear. "Shark Tank"'s Kevin O'Leary, who goes by the nickname, appeared on a Monday episode of the podcast "Diary of a CEO," where he shared his advice to 21-year-old entrepreneurs who are wondering where to start. "Go work for 24 months in a sector you love, that you're passionate about. Even if they don't pay you, go in there and be an apprentice," he said. "Do that first." To those who don't want to work for someone else, he says it's necessary to do so if you want to understand "how all the cogs work." It could also lead to recognition from someone at the company that could be useful down the line, he added. After two years, it's time to launch, O' Leary said. With a $10,000 loan from friends and family, start your business with the "baseline knowledge of your industry." Assuming that's possible, O'Leary said that even with knowledge and financial backing from your parents, don't expect success right away because "the first one will probably fail." However, a background in the industry — knowing who's who and "how it works" — increases your chances of flourishing. Regardless of how your first launch goes, the key is to do it in your mid-to-early 20s, O'Leary said. "You need to burn a few years failing, and that matters," he told the podcast's host, Steven Bartlett. It helps, O'Leary added, if you have an "aura of confidence," which is often projected through your body language. Your eye contact and stance can show if you have what it takes to be a successful entrepreneur "before a word is spoken," the investor said. "It's in the way you're standing. It's in the way you're dressed," he said. "You have to learn how to project yourself in front of your peers," O'Leary said. "If you don't have it, you're going to fail." The "Shark Tank" judge did not immediately respond to a request for comment from Business Insider. His company, O'Leary Ventures, is a venture capital platform that invests in early-stage companies. In his "Shark Tank" gig, he and his fellow Sharks hear out business owners looking for financial backing.
Yahoo
15-05-2025
- Business
- Yahoo
Kevin O'Leary: 'I Want More Regulation, And I Want It Now'
Kevin O'Leary, chairman of O'Leary Ventures, said the crypto industry isn't regulated enough — which is holding digital assets back from true institutional adoption. Speaking at Consensus 2025 in Toronto on Thursday, O'Leary said crypto assets under management (AUM) have hit a wall, which he attributed to a lack of regulatory clarity that has prevented the majority of sovereign wealth funds, pension funds and institutional investors from investing meaningfully. 'I never thought I'd say this, but I want more regulation and I want it now,' O'Leary said. 'The good news is there's a new sheriff in town: Paul Atkins at the [U.S. Securities and Exchange Commission].' O'Leary said Atkins, who was sworn in as chairman of the SEC last month, has already telegraphed that he's friendly to the crypto industry and will 'regulate accordingly.' Atkins replaces Gary Gensler, whose penchant for so-called 'regulation by enforcement' drew the ire of many in the crypto industry. O'Leary said Thursday that he respected Gensler's consistency as a regulator. 'He said he was gonna sue you, and he sued you,' O'Leary said. 'He was consistent and you have to respect that.' In a press conference ahead of his keynote speech, O'Leary said he'd received a Wells notice from the SEC over a decade ago after speaking about debt tokenization in a televised interview. He was cleared, he said, but the experience temporarily scared him off engaging with crypto in the U.S. 'My first experience with crypto was over a decade ago, when I was on business cable, talking about debt tokenization,' O'Leary said. 'I get a knock on my door and it's an enforcement agent from the SEC serving me a Wells notice. I shit my pants … The regulator was sending a message. I got the message' Since Gensler departed the agency in January, the SEC has done an about-face on its approach to crypto regulation, creating a Crypto Task Force spearheaded by crypto-friendly Commissioner Hester Peirce and dropping a host of open investigations and lawsuits against crypto companies that were started under Gensler. A friendlier SEC isn't the only thing O'Leary is hopeful for when it comes to crypto regulation — he expects to see the passage of the GENIUS Act within 'months.' 'The minute that happens, it will signal the move to the next act, the market infrastructure act,' O'Leary said. 'And when that is determined and regulated, Katy, bar the doors — a trillion dollars will come in and index [bitcoin].' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
