Investor and entrepreneur Kevin O’Leary, also known as “Mr. Wonderful” on “Shark Tank,” recently opened up about the cost of building wealth while raising a family.
In a post on X, O’Leary admitted that while he was constantly working during his children’s younger years, he believes his role as a provider was equally important.
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“I worked nonstop while my kids were growing up. My wife did the heavy lifting at home,” he wrote. “But I was a provider, and that matters.”
In the video, he expanded on this, saying, “It’s always a really tough decision … you’re often not there for your kids while they’re growing up, because during those formative years, you’re just working. That was my case. So my wife did a great job in raising my kids, but I was a great provider.”
O’Leary emphasized that financial contribution plays a major role in family stability. “That’s key too. I mean, part of the whole financial issue of marriage is you got to provide, you have to take care of your family. That’s mandate number one.”
He also made it known what he believes is the biggest threat to a marriage. “If you have financial stress in a marriage, you’re going to get divorced. It’s the No. 1 reason people get divorced, not infidelity. It’s financial stress.”
When rating himself, O’Leary said, “I would say when my kids were young, I was probably a six out of 10, but as a provider, I’m taking 10 out of 10 for that.”
In a separate YouTube video from last year, O’Leary shared his philosophy on building wealth. According to him, the fastest way to make a million dollars is to earn your first $10,000. After that, things become more scalable.
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