#Kevin O'Leary Saving is a trap.

Instead, he follows a simple strategy to build unbeatable wealth.

Here's how to apply it: #

1/ Saving alone will not make you rich.

O'Leary asserts that saving in the bank is a trap.

Inflation eats away at savings, and interest rates are too low to increase wealth.

Instead, it is advisable to invest a portion of your income so that the money can work for you.

2/ The $100 weekly rule

Regardless of your income, O'Leary recommends investing $100 each week.

Looks a little low?

Over 30-40 years, with average market returns (6-8%), it could grow to $1.5 million - right by retirement.

Discipline trumps income.

3/ Buy less, but with high quality

O'Leary learned an important lesson from his mother: invest in things that will maintain or increase in value.

His mother saved up for a year to buy a single Chanel jacket. Decades later, it was worth more than she had paid for it.

Buy less, but buy better.

4/ Luxury is not extravagance if it increases its value.

O'Leary applies this principle to more than clothing:

Collectible Watches

High-end guitars

rare pens

These aren't just purchases—they're assets that can increase in value over time.

5/ Always diversify

Even if your business is making money, O'Leary warns against putting all your money in one place.

Withdraw profits and invest in ETFs, stocks, or bonds.

Diversification protects you from unexpected fluctuations.

6/ Start now

The best time to invest was yesterday. The second best time is now.

Waiting means missing out on compound growth.

Even small amounts can grow significantly if given enough time.

7/ Discipline is better than market timing.

Forget trying to buy low and sell high.

Invest regularly. Be disciplined.

Markets go up and down, but long-term discipline always wins.

8/ Invest in yourself

O'Leary sees personal growth as the best investment:

Learn new skills

Build a strong personal brand

Surround yourself with ambitious people.

Your earning potential is your greatest asset.

9/ Avoid lifestyle inflation

When you earn more, don't spend more.

O'Leary advises increasing your investments, not your expenses.

Live below your means—and invest the difference.

10/ Focus on the long term

O'Leary didn't build his fortune overnight.

Instead, focus on consistent, disciplined investing over decades.

Short-term sacrifices lead to long-term freedom.