@kevinoleary

"Shark Tank" investor Kevin O'Leary reacts to an episode of Millennial Money, featuring Dylan Gutierrez, 30, and Jeraldine Mendoza, 29, who live in Chicago, Illinois and earn a combined $178,000 a year as professional ballet dancers. The couple is engaged and owns a condo near Wrigley Field. But Kevin sounds off on how much they spend a month on food.
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Kevin O’Leary reacts to two professional ballet dancers who spent $2,885 on food in a month
As ballet dancers, Dylan Gutierrez, 30, and Jeraldine Mendoza, 29, are already planning for their retirement from professional dancing. The couple earns roughly $178,000 per year as principle dancers with the Joffrey Ballet, as well as from a steady stream of side hustles in the arts community.
Given the physically demanding nature of their work, they expect to retire from professional ballet dancing in the next five to 10 years.
CNBC Make It asked Kevin O’Leary, chairman of O’Shares ETFs and judge on ABC’s “Shark Tank,” for his take on how well the couple is doing to prepare for their futures.
The couple gets high marks from the investor for some of their housing decisions. They own a condo in a lively neighborhood of Chicago, forwent a car or parking spot in the city (saving them $20,000 off the bat, O’Leary estimates) and reinvested in their property by upgrading their kitchen and bathrooms.
What O’Leary doesn’t love as much is the couple owning property without being married. Gutierrez and Mendoza got engaged in 2019 and plan to marry as soon as it’s safe to host a destination wedding in Italy.
O’Leary notes he’d like to see the couple get more serious about their budgeting, which Mendoza admits she doesn’t keep track of too closely. “That’s a mistake,” O’Leary says.
Looking at their monthly spending, he also recommends the couple reign in their outsized food spending. In August 2020, the couple spent $2,885 on food across groceries, dining out and ordering takeout - a price tag O’Leary deems “crazy.”
“If you’re dancing, you need those calories. I get it. But I think there’s a major savings to be had on doing a little more planning for groceries and doing a little more cooking at home,” he says.
While the two prefer to stash $500 per paycheck into savings, and also contribute to a union pension, O’Leary strongly advises Gutierrez and Mendoza diversify their investments. In addition to putting money into savings, he’d like to see them invest in the stock market to take advantage of higher returns over time. He also says the two should consider opening tax-advantaged retirement savings accounts outside of their pensions.
With that said, the couple is realistic about their futures in dance and are laying the foundation for their lives after ballet. Gutierrez hopes to start a production company, while Mendoza would like to pursue interior design.
“They’re planning for the future - very smart,” O’Leary says. “Dylan, he can produce. That would be fantastic. There’s always demand for more content. Even dance is getting more digital.
“And frankly, interior design, if you have the eye, is always going to be around forever,” O’Leary adds. “People are always trying to upgrade where they live ... Plus, looks like she did a great job on her own condo from what I’m seeing here.”
Overall, O’Leary gives the couple a rating of 7.5 out of 10 and thinks that, with a few tweaks, they could be well on their way to a 9.5 standing.
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Kevin O'Leary Reacts: Living On $178K A Year In Chicago | Millennial Money

[@CNBCMakeIt]

What’s your budget breakdown? We’re looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/32TYZ2K

[@josephreddick1503]

I’m not millennial

[@DozIT]

Born in 1998 not sure what generation that makes me. Currently investing heavily with a moderate-high risk portfolio, and building equity within my company. Hoping to purchase a house in the next 16 months (without CMHC). Will likely use it as a rental unit and continue renting my primary residence.

[@Mike-hz4cp]

Sound financial advice. Leave the kids alone about the dog! Otherwise great advice

[@robertchris1237]

Trading forex is a good business one can think of doing

[@praem9597]

Kevin oleary do you not know that there never was a pandemic? That covid is a huge scam? That mask measures, etc... Are against human rights. Why are you saying that there is a pandemic? Do you not know that other causes of deaths have been put as covid deaths? I think you are promoting these lies.

[@FinancialShinanigan]

Kevin: "Love they are thinking about the future" Next scene: "We don't have a 401k" Kevin: "* visibly shaken *

[@MarkPemble]

Not sure if he realizes that a lot of smaller employers - and even some large ones don't offer 401k retirements. IF your employer doesn't offer one, what choice do they have besides an IRA?

[@TechWithJayMcCall]

Pretty hilarious!

[@danieljacobs6921]

An IRA is a choices. Something is always better than nothing. I would do the Roth if possible.

[@flipdeedoo]

@@MarkPemble Roth IRA is similar to a 401K that doesn’t have to be offered by the employer. There are other retirement plan options out there so if they haven’t done any of that now who knows how well they can sustain themselves after retirement

[@CammieKN]

@@MarkPemble at least max out Ira. I wish I had.

[@stephanemujomba5148]

41% of their income is spent on food! That's $96 every single day, that's ridiculous.

[@Peglegkickboxer]

That's insane, I used to do pipeline work and they would give us way too much money to spend on food and I couldn't even come close to that much even with restaurants.

[@abigailv5347]

@@Peglegkickboxer probably you weren’t doing a pipeline job in a city with world class cuisine .....

[@Peglegkickboxer]

@@abigailv5347 Vancouver man

[@K4ktusCa]

Their combined income is around 14.800 per month if they make 178k per year. The diagram shown was their monthly spending, not their income.

[@abigailv5347]

@@Peglegkickboxer you lived in Vancouver and couldn’t manage to spend 96 dollars a day on food??? We’re you eating Tim hortons everyday? Cause when I go to a restaurant in Chicago it’s 60 bucks a person usually....

[@1158naruto]

"buy a fake ring and understand what you've done" by far the most savage line

[@lipinglin1994]

I mean it is true. Nobody cares what you wear most of the time. Buy something that is affordable and emotionally satisfies you is more important and splashing the cash on something that emotionally satisfies you. Use that money and invest in stuff and buy whatever you want later in life.

[@honeybdream]

Lab grown diamonds are beautiful!

[@miles6271]

Lose the dog was not the most savage???

[@84tand]

I got my now wife a Vera Wang engagement ring for a little under $2k. It's okay to splurge a little on a once(hopefully) in a lifetime purchase, but you don't need to spend thousands of dollars on it.

[@FLATBUSHPLAY]

Try getting that to fly with most hypergamous women today and see what that gets you

[@Pinklipzz94]

I just love that he doesn’t sugar coat anything. He is so blunt and I love it.

[@ninjablack4347]

when youre a multi millionaire you can say whatever you want.

[@harmanjotsingh4230]

@@ninjablack4347 false lol

[@ajdavis1022]

that F%&k you money hits different

[@nomnom112]

He's a comedian playing a character.

[@DxModel219]

man he’s ruthless “kumbaya my love kumbaya...” LOL

[@noelchallenger]

He said “How much is a new dog? A lot less than $9,000. Your dog has cancer it’s gonna die.” 😭😭😂

[@skullchowder1076]

My jaw hit the floor when he said that. I get what he's saying, but damn!

[@Mr1wd]

It sounds harsh but that's the reality.

[@atoznum1]

I was looking for this comment, and Im happy I found it! Chemo on a dog is a waste of money. Especially since the cancer is recurring. Time to let that dog RIP!

[@asadb1990]

i still don't get why you would spend so much on a sick pet. put it out of its misery and get something else. vets, dentists, etc are a money pit.

[@instalivetalentshow3424]

I get it it’s the emotional connection and all but are you going to starve on the street because of a dog like cmon

[@xbulmiruwu6030]

$2800 on food Kevin: they must be serious about their diet $1700 on takeout Kevin: wait a minute

[@PaperRaines]

I don't care if you're on the Tom Brady "Play in the NFL you're 50 years old" diet, there's no way you'd eat nearly three grand worth of food without most of it being in or from expensive restaurants

[@mnabutovsky]

I had the same reaction when I watched this.

[@hellomeloO]

I'd buy wague and cook it myself with that budget

[@jacobframe8769]

$1,700/30 days = $56.67/day for takeout food alone. Let that sink in for a minute...

[@MagicPants647]

it’s prob cuz they don’t have a car lol

[@jacksonvance7404]

Dave Ramsey:SELL THE CAR Kevin:PUT THE DOG DOWN

[@Thatscrazyyourecrazy]

😂😂🥰

[@sonicpsycho13]

Chris Farley: Live in a van down by the river!

[@TheSid2355]

lol I have heard Dave say lose the dog.

[@wturner777]

@@TheSid2355 I know right? "Name your dog eBay and put your cat on Craigslist".

[@LordBattleSmurf]

Me: Drop the wife

[@Ayou3]

He really said "Get a cat it's much cheaper" hahaha kevin is a savage 😂😂

[@flyingsoul7147]

Deadass plus they don't like going out so its win win

[@user-bm9cv9vn2k]

Or be by yourself

[@TheQueenPsChannel]

He’s absolutely right.

[@sleepingrogue4130]

@@user-bm9cv9vn2k These people are hungry for attention.

[@Jemm1029]

Yeah and it's true, cats are cheaper

[@brendenmcmahon2023]

*1000$ Kahlulas Chemo Treatments* Mr Wonderful: “I’d lose the dog”

[@misslynda82]

I could could only whisper "Oh my God" when he said that

[@lixxlizards8799]

I worked for a vet. We had people of all types that would come in. We had a guy who brought in cats and wanted the bare minimum and would spend thousands on his dog. The issue here that I learned how to work with is how to get people to connect with their animals. The more bonded and educated they are, the more treatment for their pets will be present for them. I'm guilty of this. I spent 1000 us dollars for my dogs mass to be removed while working for a vet (we didnt get discounts] now my bearded dragon max I would probably spend is about 700 ever. It's all how owners view the worth of their pets. Do I think it's wrong to a degree yes, but this guy wouldnt do this to his kids but their worth is different to him

[@brendenmcmahon2023]

@@lixxlizards8799 I agree great point

[@Cash4Fruit]

@@lixxlizards8799 you’re a sales person.

[@Cash4Fruit]

The dog is old and in pain and wants to die however the owners are forcing it to go on for their own selfishness

[@fashion4point0]

“I’d lose the dog” 😭

[@link2442]

Nope not going to happen

[@ireplytostupidpeople4750]

I'm sure they can lower down on their food....

[@naughtynhyde9328]

Yeah he is one of those guys. Pet is just the toy for him. And there are other people who thinks that pets are their family.

[@resmur8095]

@@naughtynhyde9328 well yea, his whole schtick is being blunt and insensitive

[@dende_ult714]

@@naughtynhyde9328 not anyone wants a dog my guy, it's not that deep. Sometimes you have to be realistic and accept that they can be very expensive

[@stanford0711]

Dr: “with this 9k chemo treatment, your dog has a 90% chance of survival” Mr. Wonderful: “Put it down”

[@lSomeRandomGuyl]

To be fair, it’s an old dog. How much time are you buying another year or two? What happens if there are surgery complications? Or chance of survival is low? “Too much money for surgery” is always subjective. Owners will pay more. Observers will pay less. But it’s fair to draw a line in the sand.

[@shawnx18]

Maybe Mr. Wonderful never owned a dog. As a dog owner, my dog is part of my family. You wouldn’t do that to a family member

[@politcallycorrect5816]

@@shawnx18 I would never spend 9000 on medical treatment for a dog.

[@Cash4Fruit]

Or let it live out it’s natural life unless it’s in so much pain. Vets want a paycheck too

[@bloodwargaming3662]

@@lSomeRandomGuyl bro will you do it with your child bro get a life . I don't support their food budget but what you wanna die with millions in bank . dogs 🐕 are wonderful and it is evident that people live more

[@bkc587]

This is by far my favorite episode. Kevin was savage but in the right margins. He’s looking at your bottom line. Moral of this entire story: get a 401k, don’t buy property together without getting married, and lose the expensive dog. Got it!

[@mattesser5027]

Yes because too many of the other videos are just filled with praise. Let's see something where some critical work needs to be done.

[@elim7026]

why the dog? 😒 what about their expensive eating habits?

[@deepakpoddar8720]

@@elim7026 dog is a stupid investment. Buy stocks😎

[@lSomeRandomGuyl]

Kevin is 100% right about wedding rings. Ladies, you’ve fallen victim to marketing.

[@happysunshine5906]

Yes.

[@267cal]

Exactly Hopefully I'll find a wife that doesnt want a ring Yeah okayy

[@IIFaDedII]

Watches are even more worse than diamonds in terms of marketing and this guy collects them.

[@happysunshine5906]

@@IIFaDedII Yeah, but this guy is making it rain.

[@ohShnapss]

@@happysunshine5906 My husband knows I don't like fine jewelry because I think they're too flashy. He could've peeked at my Etsy and Pinterest accounts but chose to spend more than I would've liked on my ring.

[@RoseXo]

I love how realistic he is. Paying $2,885 on food? Sheesh.

[@chrislanejones]

I know that sucks, their savings will probably go flat in Chicago and they will be eating rice and beans.

[@CloBareMoneyCoach]

I honestly can't figure out how they could spend that much while also spending $500 on groceries. Like.... are they eating out for 2 meals a day?!

[@RoseXo]

@@CloBareMoneyCoach IKR. And I thought I'm doing too much ordering food out once a week to treat myself 😭

[@erikgonzalez2278]

Realistic and said for making $7500

[@Makasituation]

I know they're spending 40% of their monthly take home on just food.

[@ajdavis1022]

dude overspent on a ring, but brought a condo in chicago unmarried, and he's retired with no Roth or 401K or portfolio to live off of , what was the goal here? lol

[@JDizz0413]

Lmao the goal was to show everyone what not to do

[@AT-xm3jc]

They can still live for today and prepare for tomorrow, they just don't know it i guess

[@lav7161]

Spending lol

[@ajdavis1022]

@@AT-xm3jc but they're retired, you can't go YOLO on a downtown condo and have little in the money cushion and then teach classes on the side - that's called failure by many means

[@Nesto38]

@@ajdavis1022 they're not retired yet

[@JewelsView]

I like how he acknowledged that dance is a hard profession because I think people think the arts are just super easy

[@lSomeRandomGuyl]

There are hundreds of types of dance. And thousands of types of arts. Some dances are easy. Some arts are easy. Professional ballet dancing, making 70k is not easy.

[@Kevinschart]

yes "some" people think the arts are easy(very few).. they are morons. most people do not think the arts are easy.

[@NeuroEverything]

No one thinks the arts are super easy

[@gabbar51ngh]

He's thinking it from economics aspect. Infact arts could even be considered harder than your usual jobs you go for. It's a very niche industry, few jobs, demand and chances of high pay is low unless you are super good at it. So yeah arts is hard. I mean if someone says it's easy, he's probably talking about learning it. Mastering it and becoming a professional and making it commercial is hard.

[@kfallon862]

@@Kevinschart Labor is hard, including the arts.

[@maliksamarijones9304]

Kevin: "I hate to say this, but how much is a new dog?" 😂😂😂😂

[@justjordiano]

9:14 “Look it’s tough to say this but how much is a new dog?” Laughing so much at that 😂😂😂😂😂

[@Theodore_e]

Warren Buffet - “If you don’t find a way to make money while your sleep, you will work until you die”

[@austinhoffman219]

If all you do is max out your Roth IRA every year you’ll be rich .

[@rohandsouza1557]

I have heard that so much that it's just irritating at this point

[@Theodore_e]

@@rohandsouza1557 ok bro, then go to sleep

[@rohandsouza1557]

@@Theodore_e after reading your comment that won't be an issue 😴😴😴

[@thekiaradanielle]

They make $178k/yr and they’re really close to being broke. They save almost no money at all. $50,000 saved with a $178k income is not great. Retirement is going to be a rude awakening, esp since they’re dancers and can only dance professionally for another 10 ish years. I do wonder how the pandemic hit them.

[@Mehwhatevr]

agreed. the percentage of income I save now, I would save and invest at least 100k a year on that combined salary.

[@misspapo3444]

The retirement part has my shaking. It is sad that they have full blown careers and don’t have any retirement accounts.

[@tatskamaster]

If I had to guess.. Honestly I'd bet money that they're broken up/divorced and the chick is house poor and the guy is completely broke lmao!

[@consumer338]

That’s still an above average savings rate compared to the average American

[@winnieloh4279]

I don’t think they just stop making money after ballet. Other opportunities ..

[@nicolagheno5172]

I’m a dog lover but I’m glad Kevin has the balls to say it. Minimize the dogs suffering and learn to let go of pet.

[@christinestelmack574]

Exactly - you have to know when it's time to let go of a pet, no matter how devastating it is to lose a pet. Think of the pet's quality of life first and foremost - is it suffering 24/7? That alone tells you what you need to compassionately do for your pet.

[@Itsmehdig]

“Time for a new dog...” Kevin is a stone cold killer

[@laneythelame]

Literally!

[@everythingisawesome2903]

Kevin is Stone Cold Steve Austin

[@ChocolatePoop1301]

Literally. a psychopath.

[@alwayscreatingio]

How do you even spend that much on food 😂😂😂

[@tektraxm]

$1700 on takeout alone is impressive...and not in a good way. That's $56+ per day in a month....but they're also still spending on dine in restaurants and groceries. Mind blown.

[@kingkang6877]

Yeah even protein ain't that expensive

[@Mehwhatevr]

@@tektraxm yeah. 48 dollars per person per day on all of the food.

[@ashsierra8295]

@@tektraxm I lived in Chicago and work downtown. It’s easy to spend that much when you’re constantly on the go and eat every meal on take out. Then go out on the weekends , happy hours etc. it’s poor planning yes but I can see how that happens.

[@stefanorsan7518]

Trendy hipster places will charge $70 on a small charcuterie board that in reality has $10 of food on it... trendy places always cost a premium

[@vorrdegard2176]

This couple has highlighted the problems with many young careless high earners

[@PaperRaines]

Yeah, at least they're not jerks. They're just insufferable in a benign way

[@moneyxbags123]

Sorry 😥

[@motivehaitian6384]

Income goes up spending goes up

[@Bayo106]

@@motivehaitian6384 but not always to this extreme

[@devinwillis7787]

"high earner"

[@AnthonyDelagarza]

7.5, he is is being too nice.

[@ulisesbeltran6985]

I think mid way through his video he realized the low score he was going to give them would prob get people butt hurt and make them loose interest in his stocks app

[@puresreborn5529]

facts he missed the part where they paid another 9k for the dog for more chemo treatment

[@litojonny]

the way Kevin looks at the camera when she said the dog has cancer LMFAOOO

[@ghostboy929]

I loved that part!!

[@StylinSis3189]

Lmaooooooo that part killed me!!! 😂😂😂

[@jeretso]

The divorced couples I know had the biggest diamonds, the most lavish weddings and the hottest cars.

[@fupopanda]

But sorting out the wealth when the relationship ends with a divorce is cleaner than if there was no legal agreement like with dating. If you are going to be mixing your finances a lot, get married and preferably with a prenup. It will save some headache if things go south, even though the headache of divorce may look like a lot (it can be way worse if no legal agreement beforehand).

[@iryairya2008]

Very interesting

[@777jones]

@Artoria Pendragon a lavish wedding leads to high expectations. If you expect Johnny is going to earn 300k, what happens if he doesn’t?

[@janelleg597]

Money just magnifies who you are

[@fisf.2148]

If they had invested their food monthly spend in a second home to rent out, they would have had passive income for life and also doubled their net worth. What are they eating exactly for $2885?????

[@bym21223]

Caviar all day

[@andy_v_n5893]

@@bym21223 😂😂😂

[@anabettencourt6943]

🤣🤣🤣 this comment "what are you eating EXACTLY " LOL

[@peredavi]

They’re going to always be broke.

[@NeuroEverything]

Yea $2885 is excessive esp as I presume they don’t drink much because they’re dancers - so where exactly is all this money going? Are they having sushi everyday for all three meals a day?

[@number1animefanatic]

Mans said lose the dog 😂🙃

[@austinbevis4266]

What he said about the dog may sound cruel, but he’s right. They’re spending $9,000 to prolong its suffering. That’s just not worth it

[@kananmehta6268]

I feel like I'm cheating on Graham Stephan

[@kaylamoore2974]

same

[@chelseagirl278]

Me too!

[@MARKCRASTO]

Same here..and im not even Savannah

[@MEGASTRIX]

"Lose the dog mabye a cats cheaper." . Me: "Looks at my cat".

[@ayoitsyayo]

Maybe a bird is cheaper

[@Redmoto057]

🤣🤣🤣 I have a dog and a cat so I guess I’m screwed both ways 😂😂😂

[@MarcusCq]

"I hate to say this..." no you don't Kevin. 😂Savage

[@lSomeRandomGuyl]

Our society is obsessed with diamond wedding rings. I wonder when we’ll get over that.

[@kelvinsparky3745]

so true, when in reality, diamonds can even be artificially created by compressing carbon. I think it's unnecessary especially earlier on in life.

[@AdamJBell]

People with money want to spend it. Yet people without think they need to sometimes. I see it like an expensive watch tbh, not a priority but I like nice things.

[@lSomeRandomGuyl]

@@AdamJBell Except that expensive watches have resale value. The market for diamond rings is well controlled by these companies.

[@Mr1wd]

Society needs to start rebel against the diamond cartels.

[@eskay5106]

My husband spent 12k on a ring for our engagement. 4 yrs later I lost it when I fell into a river. I was very very upset and I never want a replacement which begs the question why even have it in the first place. I dont love him more or less without it.

[@rocknroller167]

I think I’m going to start a new career as a financial advisor. Literally all they tell people is common sense.

[@alfib5361]

Honestly!

[@LvyPK]

how do you get people to listen?? it sounds impossible lol

[@MrStrawberryfields4]

Financial advising is basically managing assets.

[@TachibanaTengoku]

@@LvyPK If you're a financial advisor, the people are paying and coming TO YOU for advice, if they don't listen that's on their dumbasses.

[@LvyPK]

@@TachibanaTengoku true but then the client blames you for not financially advising them lol

[@jeredansurgeon1056]

I can’t stop imagining all the ways I could budget and save 170k/year.

[@Sebbe40]

Lol so you live in your mommas basement then

[@Android-Zen]

When people make more money they often buy more expensive cars, clothes, food, houses, etc. So it kind of cancels out.

[@Sebbe40]

@@Android-Zen Most people are like that, I went the opposite way.

[@bloodwargaming3662]

Not everyone is Dave Ramsey who will live on 30k when he makes 170k. Even these people are insane bur still when you earn that much it's definetly due to hard work and you'd wanna enjoy it . nothing bad in that

[@Sadeluxxe]

"The dog is going to die anyways"🤣🤣🤣

[@chrislanejones]

Ha, my wife would want to do this to one of our cats. If the bill succeeds $300 I am going to make the cat disappear.

[@misshoneynevercame4832]

@@chrislanejones 😂

[@anuragkumargupta8313]

@@chrislanejones cat goes brrrr

[@everythingisawesome2903]

@@anuragkumargupta8313 cat goes purrr

[@zydhas2838]

Makes 178k, has an emergency cushion of 1k? Comedians.

[@Sloimer]

Kevin: “Its tough to say this but...” Dog: 👀👀👀

[@benniebinford3239]

What the dog doing 😂

[@HSIathletics]

Lmao “how much is a new dog?” 😂😂😂

[@adrianabaez5218]

That was hilariousss!

[@trackourmoney5340]

Did Kevin say "destroy the like button" because of Graham?

[@CloBareMoneyCoach]

I wondered the same thing!

[@QUINPANO]

A lot of channels have been saying that for years

[@vitorschroederdosanjos6539]

Yes.

[@roxannazales4960]

Mmmhmmm

[@chelseagirl278]

YES

[@LostMySauce]

My wife's engagement cost $800. 14k white gold, 1.5 ct Moissanite

[@MartnGuz]

Where you get that at

[@fisf.2148]

@@MartnGuz Not speaking for him but you can get that in Dubai, Jordan, anywhere in the middle east basically with big Souks :D Or you can find a woman who really doesn't like bling (like me) and get engaged to her with shares and stocks

[@fisf.2148]

@@tommycastro9424 I am the woman who doesn't like bling. I think it looks cheap and fake no matter the price tag or the high end retailer

[@marybethstevens5574]

Moissanite ring here too! Looks just like a diamond at a fraction of the cost.

[@evelynmarx6212]

Expensive $800 seriously for an engagement ! Mine was $400 and the wedding ring $500. Can’t imagine what your wedding ring cost 🤮

[@MelissaJetzt]

My ring cost $80 (cubic zirconia and white gold plated) and most people just assume it’s a real diamond. My husband’s simple sterling silver ring cost $40. Literally no one actually cares how expensive your ring is. It’s a scam.

[@PaperRaines]

It's not a scam if you (the wearer, giver, or viewer) think the value of the ring is important. I notice you wrote "people assume it's a real diamond" and not "I tell anyone who looks at my ring upfront it's not a real diamond and cost $80". I infer that not even you wants to go around announcing that in the moment I agree with your premise of it being a scam, you're just in the wrong area. The scam begins with how human beings value things, we would be in a very different society if people spent less money on rings, weddings, and vacations and more money on local taxes, asset investments, and productivity hobbies But we don't live in that society. In this society you can literally lose your fiancé with the wrong ring. Luckily for your husband, you're not one of those people 🙂

[@amin291]

@@PaperRaines yeah it's a scam dude lol Diamonds are inherently worthless, their values are artificially inflated

[@PaperRaines]

@@amin291 that's literally what I wrote in my second paragraph lol. I'm saying if you _think_ it's valuable, then it *is* important That's basically the bedrock of most of the American economy, convincing people that things are valuable when they really are not. It's not just diamonds

[@anuragkumargupta8313]

@@amin291 the problem is that these expensive rings doesn't have any returns. And the day you lost the ring, you lose your money.

[@yoecardoza2764]

@@PaperRaines If you lose your fiancé because of the “wrong” ring ...maybe you are in the wrong relationship.

[@Coecoebrown]

WHY renovate a kitchen you clearly don’t cook in?? To look at pretty fixtures?! 🙄 The dog comment was spot on!

[@lark3414]

To have this perfect, instagram, picturesque life ☺

[@lark3414]

Srsly 1700 on take out? That is ridiculous and simply dumb

[@ltran96]

This isn't the worst use of money, because the renovation will go back into the property value. You're going to see that money back when they sell the apartment, since they bought rather than renting.

[@JustKieffer]

Kevin was spot on about the dog and cancer. My buddy passed away in December after battling cancer for a year. Spent nearly $10K in chemo treatments and appointments. Mentally exhausting too. It’s a tough decision, no doubt. I opted for dog insurance for my new pup. Best decision ever. ($70/mo)

[@MrStrawberryfields4]

Lmao she got a "drink more water" shirt but she needs a "eat less takeout" life.

[@PersonaRandomNumbers]

These might be the people where the avocado toast thing is actually good advice. $50 a day on takeout? Holy crap, that's almost as much as their mortgage!

[@andrewkruzienski770]

You know it is bad when they have two seperate line items for restaurants and takeout.

[@yourmumsahoe1]

“ look its tough to say this but how much is a new dog”? absolute gold

[@theawesimchannel9086]

Interesting how weddings and rings are unnecessary, “purely marketing”, yet he owns a portfolio of wedding and celebration centric companies. If you wanted to learn how to get rich like O’Leary, take notes.

[@justshady]

You gotta make money from suckers.

[@K0sm1cKid]

Yeah he owns shares in the companies, not their products. 😂

[@ulovetashi]

I had a pet with cancer and it was expensive and she was expected to die in a month according the vet but I decided to not put her down and instead pay for treatments and she lived for like 6 more years and died peacefully. I don’t regret spending the money at all. 🤷🏽‍♀️best money I ever spent and I would do it all over again.

[@ananddoshi5556]

Thank you.

[@K0sm1cKid]

Harder decision if the pet is younger for sure.

[@lgee9027]

Thank you!!! He sounds dumb pets are everything!! I miss my ex’s dog so much

[@TheCinnamondemon]

thank you for sharing this!! if you're not willing to spend your money on saving a life, then what is it worth?! literally that is THE most valuable thing money can buy

[@saurabhvimal1008]

Good for you

[@queen_curlygrl8870]

I agree on not spending a ridiculous amount on an engagement ring. My husband spent about 1700 on my engagement and both wedding bands. And I agree 401k and stock investments are neccessary

[@trista_official]

A friendship ring 😂😂😂😂

[@lSomeRandomGuyl]

Kevin made a mistake repeatedly, not sure why producers didn’t correct him? $7k is their spending amount per month, not their income. Other than that, Kevin was excellent.

[@Slim-C]

7k isn’t far off from take home pay after taxes in chicago

[@kSchmidt583]

But that’s not their take home pay

[@1992Bwhite]

I love Kevin... He's so straight forward and transparent.

[@AlexSantF]

They could retire really early if they were a little more mindful of their money and had a proper budget. I mean, a more than a thousand bucks on takeout EVERY MONTH?!

[@selfridgesforever4399]

Seriously who spends so much on takeout

[@PaperRaines]

People with big social lives (I assume because they're in the art community) who live in expensive downtown metropolitan areas

[@batissta44]

You'll be surprised

[@sonicpsycho13]

Might be including delivery fees (Door Dash, Uber Eats, etc). In the city and at some of your trendy, health-conscious places, I can see easily spending that $14 per person for breakfast and lunch everyday. A fancy coffee, tea, or smoothie can easily be $4-7. A salad or sandwich is $6-10. Get 4 of those everyday, and it quickly adds up.

[@MAYK1NG]

Totally agree with Kevin: the dog, the lack of investment, the take-out fees, the ring. It's shocking, at their age.

[@nicolebond3992]

As a dog lover and a dog owner, I get why these folks made the sacrifice to give their dog the best possible care in its old age. Luckily they were able to afford it. The joy you get from a beloved pet is priceless. Pet insurance is a good way to offset these types of high veterinarian costs though. More pet owners should consider this.

[@giocondakisses]

Agree 100%

[@internetspectator6051]

or just let it die, instead of prolonging its misery for your selfish desires and get a new cheaper pet

[@nicolebond3992]

@@internetspectator6051 No selfish desires here. A pet is almost like a part of your family. Same way you would give a beloved relative the best care possible in their final days, or when faced with a serious illness, you would try to do the same for a loyal and loving pet if your finances permit it. For those of us who would make such a choice, we understand why we would do it.

[@internetspectator6051]

@@nicolebond3992 i dont think a family member and a pet are comparable but thats just me. to each their own.

[@nicolebond3992]

@@internetspectator6051 I know an animal can’t equate to a person. People will make whatever decision that they deem appropriate under the circumstances. As you put it, to each their own.

[@arghandewal]

"Your dog has cancer? Time for a new dog." LOL!

[@Ali01007]

I agree with him about 1.The dog 2.The rig.

[@KNakanishi]

I'd rate them a 3 at best. I got angry just hearing about how they're spending. Good lord!

[@SurpriseMeJT]

Kevin is so brutally honest....and correct on all points. I am lucky to have married someone who also believed engagement rings were a waste of money.

[@grmancool]

Would you marry me? * kneels down and shows her a stock portfolio *

[@aluminumfoil770]

That’s what I’m talking about!

[@iryairya2008]

Yes! Not just stock, but some assets that won't decrease in value

[@Seeyeay]

My kind of girl

[@Coecoebrown]

Ya but I’m going to need one of those stretchy rings as well for the gym.. 👀

[@trygveplaustrum4634]

*This is how people "get by, paycheck to paycheck."*

[@user-ce3jb6nq7i]

Ah yes, cant wait for graham stephan to react to this

[@beanbagboys4202]

He is gonna react to a reaction

[@TheBreakingProgram]

Mr. Wonderful is a savage, especially when he says to replace the dog! LMAO

[@uhrologe2596]

06:15 "Drink more Water" is the message of someone who spends 2.8K for food 😅 I love people with good humor.

[@cristinabaker5292]

I have finally worked myself out of the hole I was living in. Jeannette Michelle Monroe is so good at what she does

[@basconevinnie647]

It's strange how people talk about the profits they've been Making through trading of bitcoin while I'm here not making any profit at all please can someone put me through on the right path.

[@cristinabaker5292]

@@basconevinnie647 Venturing into trading world without the help of a professional trader and expecting profit is like turning water into wine Lol...,you would need a miracle , that why i trade with Jeannette Michelle Monroe, her skill set is exceptional.

[@mooreleigh8928]

@@cristinabaker5292 Wow...amazing to see other who trade with Jeannette Michelle Monroe,i am currently on my 5th trade with and my portfolio has grown tremendously.

[@paigeharris3728]

@@cristinabaker5292 I’m interested in meeting her, will she lead me to the right path?

[@cristinabaker5292]

@@paigeharris3728 >

[@CaseyBurnsInvesting]

When Kevin O’Leary talks you listen.

[@chrislanejones]

So true Casey!

[@shutuppabs323]

Kevin: “they should be married. I am a romantic!” 2 mins later. Kevin: “I hate engagement rings. Kumbaya l, kumbaya. Dude is a sucker”

[@carultch]

What exactly is the advantage for a couple in this situation to be married? The relationship could end, regardless of if they are married or not.

[@monolith94]

True romantics understand that a ring is just a lifeless piece of metal. Real love is shown through behaviors that demonstrate your love. Men give women rings all the time just because they want to get laid

[@TheNikhilify]

@@monolith94 yeah good luck telling that to all women

[@mazzy_vc]

@@carultch There is a legal difference when you are married. So the significance is splitting up when you are married has very different financial implications compared to a regular couple splitting up.

[@carultch]

@@mazzy_vc Can you give some specifics?

[@djbig6045]

U killed it on this video !! I agree on the dog part is insane

[@_silentrose]

I love Kevin's comments and how he would pause the video to give his insight + advice since he's so incredibly knowledgeable about everything! Really helpful and so funny haha I'm sorry but I laughed so much more than I should with those brutally honest dog comments :-)

[@LerenaHolloway]

😂😂 his reaction to the dog is classic

[@MMChoza]

I have no engagement ring, a wedding ring given to us by his mother and father. We are married for almost 10y. After some years and when we could afford it he brought me to a jewellery store and asked me to pick any ring I want and I chose a silver 60€ ring. Saving for our future and our dreams is more important than a ring...

[@samsonchan1488]

Hobbies ... $200 Take-out ... $1700 Dog chemo... $9000 . . . Mr. Wonderful speaking Truth... PRICELESS

[@jessbaker4584]

My ring was.... Wait for it.... $0000. No ring, we each paid to get tattoos since I can't wear rings at work. 😂😂😂

[@Dirtygirl6]

And my cousin makes good money at her tattoo removal studio every time someone like you comes in when their marriage ends. At least a ring you can sell....

[@jessbaker4584]

😂😂

[@nataliefontane]

Well, what did your tattoos cost? That's your ring. I'm sure it was cheaper than most people's rings. I paid $200 for my first wedding ring, then I realized I hated rings, so my second husband and I have no rings. And we don't like tattoos, so our "ring" total is $0 overall.

[@K0sm1cKid]

Lol nah on Tattoos, if we get divorced that tattoo becomes a headache

[@alexandergapour1253]

Yet you still got employed with tattoos

[@aarodful]

Wow. They got a F from me after that genius logic she gave on why they having $0 in retirement savings.

[@aki_hei1294]

How can I be part of this? I want to see his point of view on my financial life

[@notoriousosc1669]

Just listen to his advice and apply it to your life

[@shahabbangush1411]

LMAO... The best part was "How much is a new dog" 🐕 😆😆😆

[@dianaqueens593]

SUCCESSFULL PEOPLE DON'T BECOME THAT WAY OVERNIGHT. WHAT MOST PEOPLE SEE AT A GLANCE-WEALTH, A GREAT CAREER, PURPOSE-IS THE RESULT OF HARD WORK AND HUSTLE OVER TIME.

[@josephinealex3907]

Yes that's true

[@josephinealex3907]

There is no Wealth without risk and Investment That's why u recommend forex trading

[@dianaqueens593]

@@josephinealex3907 That's So true

[@dianaqueens593]

@@josephinealex3907 My Major source of income is from the Forex market

[@dianaqueens593]

@@josephinealex3907 I earn Millions Every month... Through the help of my Expert Mrs Rose

[@Sportsgirly]

8:59 LMFAO he is like, " I told you to lose the dog"

[@CarissaGlow]

Get a friendship ring 😂

[@tasisifuka6240]

Love love you Mr.Wonderful😍😍😍 I died when he said, how much is for a new dog?? 🤣🤣🤣🤣🤣🤣

[@AllThingsVid_]

Love the honesty. Some comments are a little brutal, but from strictly financial stand point, makes sense. But the thing is that humans are emotional creatures, so everyone has to make their own choices

[@YAYAREA37]

Sorry, but nearly $3k on food every month for two people? That’s not smart. For my two-person household, we take home about $11k a month. Our grocery spending ranges from $600-$700 per month (and we could still cut down but we love drinking our sparkling water every day). For takeout, we might get Chipotle or sushi a couple times a month.

[@vinodhcashout6711]

Kevin: "Oh wow, he bought an expensive ring for their engagement?!! How romantic!!! KUMBAYAAAAA 😂🤣🤣"

[@techknewz]

Lose the dog 🤣🤣🤣🤣🤣. I lost it

[@J.B.1982]

Kevin O’Leary, the savage sage of finance, with just enough compassion. Good to hear this stuff

[@NEVERUSEmehGYM]

He talks with realism no matter the brutality, love it!

[@Flamingobear]

Mr. Wonderful is an artist, he’s a guitarist and he’s also a photographer, he’s my favorite shark! He said it in one episode ☺️

[@454lin]

$178K in Chicago can be middle class

[@euenfheiejrj]

Eh it’s not that expensive for a big city.

[@454lin]

@@euenfheiejrj they don’t have much debt, so they will be ok

[@euenfheiejrj]

@@454lin granted we don’t have any debt as well so I don’t find Chicago to be that expensive.

[@ThinkMorebyjoy]

kevin hates dogs after this 😂😂

[@justinchristian3441]

Kevin is a great example of someone who’s made his money because he’s a fiscal genious

[@nassmatic]

Pawn the ring Give up the dog Learn how to cook

[@aspiringdoc23]

Love him or hate him, Mr. Wonderful ALWAYS keeps it real. Great advice!

[@MrElectricSkittles]

"time for a new dog" 😂😂😂😂😂 straight facts too

[@TLB-wo7ld]

n the ring...🤣😂😆😁ahahaa.

[@SOcrispyproductions]

Lmaooo he called the ring a “friendship ring” 🤣

[@dominikgrz]

I already can see the infinity monetization loop😂

[@meaghanceciliawood8972]

Former dancer, when I heard him say his first sentence I was like how does he know so much about valet company structure. But then when he explained about his wife it made sense 😅 I too felt like the original video made it seem like all ballet dancers make that much money and that’s just not reality.

[@adyuttamalemyan4304]

When a billionaire say $1000 for the dog thats expensive 🤣🤣🤣🤣