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Line 97: − 1. Marry well. + − 2. Don't waste money on foolish luxuries.+ − + + + + + + + + + + + + + + +
User:Conservative/Personal finance principles (view source)
Revision as of 01:39, July 10, 2025
, 01:39, July 10, 2025→Billionaire Kevin O'Leary's advice to wealth
== Billionaire Kevin O'Leary's advice to wealth ==
== Billionaire Kevin O'Leary's advice to wealth ==
Video: [https://www.youtube.com/watch?v=mpAZehPviLQ Kevin O'Leary: This $28 Habit Is Keeping You Poor! Every Time You Get Paid, Do This!], 2025
'''1.''' Marry well.
3. Diversification.
'''2.''' Don't waste money on foolish luxuries.
'''3.''' Diversification: The billionaire Kevin O'Leary's mother's great returns over the long term came from not having more than 5% in any one stock/bond and not 20% in any one sector. See: [https://www.facebook.com/kevinolearytv/videos/my-mother-would-take-15-of-her-salary-and-invest-it-in-two-asset-classes-she-bou/1651251485396636/ My mother would take 15-20% of her salary and invest it in two asset classes. She bought Telco bonds and big dividend-paying stocks in the S&P 500] and [https://www.youtube.com/shorts/cpGN_GGDUlE My mother's secret to becoming rich] and [https://www.youtube.com/watch?v=mpAZehPviLQ Kevin O'Leary: This $28 Habit Is Keeping You Poor! Every Time You Get Paid, Do This!]
'''4.''' Two types of people
1. Entrepreneurs/business owners: 1/3 are successful and you can increase your chances of success (See:
A. Risk tolerance
B. Focus
C. Work ethic
D. Love freedom
== True cost of owning a car plus car finder ==
== True cost of owning a car plus car finder ==