

How To Stop Being Poor By Doing What Rich People Do | Kevin O'Leary
Jul 26, 2025
Kevin O'Leary, a renowned Shark Tank investor and entrepreneur, shares his insights on wealth management and philanthropy. He reveals that wealthy individuals are often conservative with their finances, avoiding risky investments and prioritizing capital preservation. O'Leary discusses how successful entrepreneurs can struggle with investing after initial success and emphasizes the importance of knowing one's limits. He passionately advocates for philanthropy, noting that those who give back tend to maintain their wealth, while greed can lead to financial downfall.
AI Snips
Chapters
Transcript
Episode notes
Wealth Means Conserving Capital
- Rich people invest conservatively and focus on preserving capital rather than beating the market.
- They avoid excessive debt, leverage, and speculative investments, treating risky bets as entertainment only.
Entrepreneurs Are Bad Investors
- Entrepreneurs often struggle as investors after their first big payout because they lack investing skills.
- Usually, their spouses manage family finances better, showing wealth requires a team approach.
Know Limits and Give Back
- Wealthy people know their skills and limits well and avoid risks outside their expertise.
- Giving back through philanthropy is common among the rich and protects them from negative karma.