“Shark tank” Star Kevin O’lery has Built His Wealth Through Entrepreneurship and Savvy Investing, But He Credits His Mother For Setting Him on the Right Financial Path. There are Several Money Lessons His Mother Taught Him Throughout His Lifetime that Still Shape How He Approaches Finans Today.
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Here are two of the financial rules o’lery learned from
When you get marred, you may want to merge all of your finners – but o’lery Learned from his mother that this is not the smartest approach.
“My mother taught me a lot about Financial Independence,” He Told Gobankingrates While Discussing His Partnership With HellPrenup, an online prenupTial age “She was married twice but kept a secret account from both of her hrsbands her entrere life.”
O’Leary said that his mother started saving 15% of her pay when she was very young and kept that money completely sequested during her marriages.
She Helped My Brother and I Through School [with that money]”O’Lary said. They should never give that up trust you don’t know it’s going to happy in marriage. “
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Another Lesson O’Leary Learned From His Mother was to buy a few quality items versus spersus spersus
“My mother would only buy two two chanel suits a year, period,” He said. “They’re very expensive. She’d save up for six months to buy one of these suits.”
Who these suits were a big investment, they help their value over time.
“When she passed away, I believe the executor for her estate,” O’Lary said. “All of that chanel stuff – some of it from the ’70s and’ 80s, and even some jackets from the ’60s – there was a catfight in my family between the woman that was stuff.
“The vintage high-quality clothing is so Valuable if it’s Well Made Versus The Crap That You Buy That Just Falls Apart,” He Continued. “So Buy Good Stuff and Keep that in Good Repair, and It’ll Serve You Well Forever.”
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This article Originally appeared on gobankingrates.com: kevin o’leary: Top 2 Financial Rules from My Mom That I Still Folow
Ramesh Ghorai is the founder of www.livenewsblogger.com, a platform dedicated to delivering exclusive live news from across the globe and the local market. With a passion for covering diverse topics, he ensures readers stay updated with the latest and most reliable information. Over the past two years, Ramesh has also specialized in writing top software reviews, partnering with various software companies to provide in-depth insights and unbiased evaluations. His mission is to combine news reporting with valuable technology reviews, helping readers stay informed and make smarter choices.