50 Common Money Mistakes and How to Fix Them
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Kevin O’Leary
Notes
No matter how much money you make, the world is designed to take it away. Right from the day you’re born, your money is under siege.
…treat everything you buy as an investment. Everything.
If you’re drinking every night, you’re an idiot.
She (his other) had three basic rules:
- Never invest in a security or stock that doesn’t pay a dividend or interest
- Always save a consistent portion of your income
- Spend the interest, never the principal
Get a bike. It’s cheaper than public transit.
…lose the romantic idea that living together is practice for getting married, or that you’ll make a better husband or wife because of it.
If you’re not going to have kids, don’t get married.
Stay married. It’s the best way to save money.
Just continue to rent until a year or two after you have kids.
…go to war on your mortgage.