Investor and entrepreneur Kevin O’Leary, also known as “Mr. Wonderful” on “Shark Tank,” recently opened up about the cost of building wealth while raising a family.
In a post on X, O’Leary admitted that while he was constantly working during his children’s younger years, he believes his role as a provider was equally important.
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“I worked nonstop while my kids were growing up. My wife did the heavy lifting at home,” he wrote. “But I was a provider, and that matters.”
In the video, he expanded on this, saying, “It’s always a really tough decision … you’re often not there for your kids while they’re growing up, because during those formative years, you’re just working. That was my case. So my wife did a great job in raising my kids, but I was a great provider.”
O’Leary emphasized that financial contribution plays a major role in family stability. “That’s key too. I mean, part of the whole financial issue of marriage is you got to provide, you have to take care of your family. That’s mandate number one.”
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He also made it known what he believes is the biggest threat to a marriage. “If you have financial stress in a marriage, you’re going to get divorced. It’s the No. 1 reason people get divorced, not infidelity. It’s financial stress.”
When rating himself, O’Leary said, “I would say when my kids were young, I was probably a six out of 10, but as a provider, I’m taking 10 out of 10 for that.”
In a separate YouTube video from last year, O’Leary shared his philosophy on building wealth. According to him, the fastest way to make a million dollars is to earn your first $10,000. After that, things become more scalable.
finance.yahoo.com
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