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According to a recent Bankrate survey, only 44% of U.S. adults say they have enough savings to cover a $1,000 emergency request.and shark tank‘s Kevin O’Leary has some tough relationship advice for anyone looking to improve their financial situation.
In a post published on social media platforms X In September, an investor and judge known as “Mr. Wonderful” exposed some “stupid” ways people spend their money each year, according to personal finance site GoBankingRates.
Image credit: Michael Kovac | Getty Images
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According to ‘Shark’, who has an estimated net worth of $400 million, people should “stop spending money on shitty things”. [they] ‘I don’t need it’ includes buying coffee and lunch outside instead of making them at home.
Stop spending money on unnecessary things! What is the biggest waste of money you saw today? pic.twitter.com/3EJiZVzEf2
— Kevin O’Leary, aka Mr. Wonderful (@kevinolearytv) September 8, 2023
In a video accompanying the post, O’Leary questions his decision to spend more than $5 on coffee and $15 on lunch during the workday.
“What, idiot?” says Mr. O’Leary. “It costs 99 cents to make a sandwich at home and take it home. If you add that up every day, it’s a huge amount. Most people, especially in big cities, are just starting out. Once I earn it, I end up wasting about $15,000 a year on stupid things.”
RELATED: ‘Shark Tank’ star Kevin O’Leary says he wants to build $14 billion oil refinery in the US: ‘I want to do something big’
O’Leary appeared as shark tank He has been an investor since his first appearance on the show in 2009, and began his business career in 1986 by starting the education software company Softkey, according to TheStreet. Barbie doll maker Mattel acquired Softkey in 1999 for $4.2 billion.
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