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'

Core Insights - Kevin O'Leary emphasizes that personal financial struggles are often due to poor spending habits rather than external economic factors [2][3] Spending Habits - O'Leary criticizes the purchase of new cars, stating that they depreciate by 20% to 30% immediately after purchase, leading to significant financial loss [3] - He advises buying a three-year-old certified pre-owned car to avoid the initial depreciation hit, a strategy commonly used by wealthy individuals [3] Dining Expenses - The average American spends nearly $4,000 annually on dining out, which O'Leary argues is a poor financial decision [4] - He calculates that investing $3,500 annually at a 10% return over 30 years could yield over $600,000, highlighting the long-term cost of convenience in dining [4] Financial Responsibility - O'Leary encourages individuals to prepare meals at home and avoid unnecessary expenses on mediocre dining options, framing these choices as essential for financial health [5]