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BiggerPockets Money Podcast

392: Kevin O'Leary: Ultimate Investing Advice from Mr. Wonderful

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 13 March 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Kevin O’Leary (AKA Mr. Wonderful) might be the world’s favorite (and most outspoken) investor. You’ve probably seen him on Shark Tank, where he’s doing deals with startups, putting overconfident entrepreneurs in their place, and often making boring products into billion-dollar companies. Kevin has the Midas touch, or at least it seems that way on television. Still, he doesn’t shy away from mentioning failures and the enormous lessons he’s learned that eventually led him to make hundreds of millions of dollars. But before Kevin was Mr. Wonderful, he was just Kevin, the local ice cream scooper who learned a hard lesson about being an employee. After college, Kevin started a production business, which eventually led him to create The Learning Company, a $4.2 billion business that allowed Kevin to enter into a new stage of wealth. Since then, he’s been aggressively investing in (and building) private companies inside and out of Shark Tank. And after investing so heavily and working so hard, Kevin knows EXACTLY what makes a company (and investment) succeed or fail. Today, we get a glimpse inside Kevin’s personal investment portfolio, the three things he thinks EVERY entrepreneur should have to make it big, and why diversification is one of the most CRUCIAL ways to build and protect your wealth. You’ll also hear how to invest in startups like Kevin does, why Kevin makes big bets on women entrepreneurs, and how he’s investing during today’s recessionary environment. In This Episode We Cover Kevin’s investment portfolio exposed and which assets he’s all-in on The difference between an entrepreneur and an employee and why Kevin only worked one job Why you MUST start tracking your income and expenses unless you want to remain broke The three things EVERY investor/entrepreneur needs to make it big Why building a portfolio beats investing in single stocks, companies, or ideas The government program that could pay you hundreds of thousands if you own a business How to start investing in startups and small businesses like Kevin does on Shark Tank And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Scott's Instagram Mindy's Twitter Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Check Out Mindy’s 2022 Live Spending Tracker and Budget Money Moment 3 Rules for Crushing It in Business Here’s What It Takes to Succeed as an Entrepreneur Click here to check the full show notes: https://www.biggerpockets.com/blog/money- Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pockets Money Podcast where we interview Mr. Wonderful, Kevin O'Leary, and we talk about

0:06.8

Whatever he wants.

0:07.8

What I'm really shaking the stick at and shaking the bushes if you want to call it that and shouting out is if you've got a small business

0:14.4

Get your ERC money now get it now before they end that program. It's it's your money. It's cash

0:24.0

There's no cost to it other than the hassle and the time but boy I can't find a better source of financing for my company

0:31.1

Hello, hello. Hello. My name is Mindy Jensen and with me as always is my also wonderful co-host Scott trench with me as always is

0:38.2

Mrs. Amazing Mrs. Fantastic Mrs. Wonderful Mindy Jensen. Oh, I think Scott

0:43.4

Scott and I are here to make financial independence less scary less just for somebody else to introduce you to every money story

0:49.8

Because we truly believe financial freedom is attainable for everyone no matter when or where you're starting

0:55.0

That's right whether you want to retire early and travel the world go on to make big-time investments and assets like real estate

1:00.3

Start your own business or invest in private businesses like those seen on Shark Tank

1:05.5

We'll help you reach your financial goals and get money out of the way so you can launch yourself towards your dreams

1:10.2

Scott today

1:11.6

We have Mr. Wonderful and this is such a fun episode

1:16.4

We kind of go in several different directions and

1:20.2

I'm so excited to talk to him today. I'm so excited to bring this episode to our listeners

1:25.6

Yeah, it's a wonderful episode and we are very very lucky and fortunate to be able to learn from Kevin and his

1:33.9

incredible money story

1:35.4

Learn from how he's designing his portfolio today and I think there's a lot of really good nuggets there

1:39.8

This is a brilliant businessman and it's privileged to learn from him

1:44.0

And you have a quick question before we get going here what if you were invited on Shark Tank because of course Kevin O'Leary

1:50.2

Mr. Wonderful our guest today is one of the sharks on Shark Tank

...

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