Lessons from the Shark: Kevin O’Leary’s Top Tips for Business Success

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Episode 46: Kevin O'Leary is a businessman, investor, and Shark Tank star. In this episode, Kevin talks about his relationship with money, what it takes to be a good leader, and how he finds good talent for his companies. He also shares investing advice and what his current portfolio allocation looks like, and he gives advice on how anyone can make their first $100,000.
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Timestamps:
00:00 - Intro
02:20 - Traits that make you successful
11:08 - How to make your first million dollars
14:40 - Kevin's advice on making money
21:56 - The best way to make your first $100,000 and other investing advice
26:51 - The real Mr. Wonderful
30:04 - Kevin's advice for all CEOs, small business owners and entrepreneurs
38:47 - Kevin Taught Me

[@keetzb2615]

Very cool. Kevin O’Leary said YEARS AGO that people should pay their houses off. I was debating it but it was a no-brainer, so I DID 😅 less than a year later the pandemic hit and a lot of people I know had to sell their houses because jobs were scarce. Best advice I’ve ever taken. Thanks Kevin! And thanks Erika for I having this episode!!

[@LostxInxPandora]

Am I the only one distracted by the strobing LED lights in the bg? 😂

[@akirebara]

This guy literally said that poor people can aspire to rich people and that's "fantastic". "The interviewer cites Oxfam's statistic that the world's 85 richest individuals own the same wealth as the three and a half billion poorest, leading to O'Leary's response that left both the interviewer and viewers taken aback. "It's fantastic," he says, "And this is a great thing because it inspires everybody. Gets the motivation to look up to the %1 and say ‘I want to become one of those people,' I'm going to fight hard to get up to the top." "This is fantastic news and of course, I applaud it." Kevin O'Leary receives a surprised look from the interviewer, causing him to ask, "What's wrong with that?" With a puzzled expression, she asks, "Really?" He replies confidently, "Yes, really." Trying to understand his point, the interviewer asks, "So, are you saying that someone living on a dollar a day in Africa wakes up every morning and thinks, 'I'm going to be Bill Gates'?" To which Kevin O'Leary replied, "That's the kind of motivation everyone needs.""

[@n.c.467]

Soooooo.....biggest compliment to Erika yet...I enjoyed this interview with Kevin as much as I always enjoy watching Kevin and Barbara Corcoran talking together ❤️. So good!!!!

[@michaelanthonygutierrez]

Kevin O’Leary taught me to always say the truth because then I’ll never have to remember what I said

[@Pablo-ash]

Disco lights in the background, party time 🎉.. is it one of Kevins developments? Thanks for your content Erika keep it up!

[@Erika2]

Haha I picked the wrong camera on the setting and didn’t realize until after because I was so nervous 😭😭

[@nascentnaga]

EPIC@@Erika2

[@jacksonbliss]

Wow, that interview was awesome. I’ll admit that my expectations were lower since you never know how much substance is behind TV personalities, but KOL gave us so much insight, honesty, and inspiration. And you asked all the right questions! ✌️

[@boybvlog1851]

Im addicted to your videos Erica, very helpful and a lot of learnings where i can use in the future. I loved that entrepreneurship mindset I dont need a 9-5 jobs. from the Phililippines

[@denialara8464]

Great job and the disco lights got me moving 🕺💃🤣😉

[@GoGoChateau]

You're the best! Love the channel.... I'm sure you already figured out thatt the light flicker is from lights being out of sync with camera shutter speed. Always hard to determine until you play back... You can fix it in post in Premiere if that's what you're using to edit.

[@dotpenji]

You have a remarkable ability to stay focused on your goals and tune out the noise, which is truly admirable. It's clear that your success is driven by your unwavering commitment. As someone who values time as the most precious asset, how do you strike a balance between your rigorous work routine and enjoying personal moments or hobbies like collecting watches?

[@motivatedbeastph]

Your unwavering commitment to your goals and your remarkable ability to remain focused despite distractions are truly admirable, and they undeniably play a significant role in your success.

[@monicasoriano8581]

I agree! For me being realistic about what you can accomplish in a day. Overloading your schedule can lead to burnout and hinder your ability to enjoy personal moments. Remember that achieving a work-life balance is a personal journey, and what works for one person may not work for another. It's important to continually assess and adjust your approach based on your evolving priorities and circumstances.

[@monalizapantoja8490]

Absolutely! Balancing a rigorous work routine with personal moments and hobbies is indeed a crucial aspect of maintaining a fulfilling life.

[@MarkexcelSarsaba]

Realistic daily goals prevent burnout. Adapt your work-life balance as needed.

[@ryanvalenzuela551]

Realism in daily goals is key to avoiding burnout and enjoying personal time. Work-life balance is a personal journey that needs ongoing adjustment.

[@victorquarcoo9615]

Congrats on getting Mr. Wonderful on !

[@aivanusic]

Love this episode. I have learned so much from your podcasts Erica, thank you!

[@octavioloza8375]

This episode was so good. Great guest & awesome interviewer. You’re killin it Erika!

[@eileenthedream]

I Love Kevin! He's my favorite because although he seems stern he is smart & I can see his heart! ❤

[@travis7974]

Great interview Erika! My suggestion for interviewees are Ryan Reynolds (because of his business acumen), Daniel Day Lewis (because he's the best actor ever) and Jay-Z (because he's Jay-Z and built empire from scratch. Also very wise). You would do awesome interviewing them!

[@er5507]

Great interview! I really enjoyed Kevin's advice and outlook on business, money & and time

[@delliott777]

I’ve been subscribed to both channels. So beneficial for me. Love you both.

[@ethangamer3173]

Damn Erica u catapulted way up!! So proud

[@longislandthrifter]

Great interview! Well done Erika! Kevin is a terrific business man and he says it like it is! He's very straightforward -- and many people are uncomfortable with that.

[@jodib679]

Great podcast Erika you always ask the best questions thank you both!

[@eferlinindonesia1910]

Wow, this guy Kevin O'Leary is so smart. What he said makes sense to me. He communicates really well.

[@SunshineRisesAgain]

Thank you Erika for this great interview with Kevin O'Leary.

[@lifewithmargot]

Omg this is amazing that you got to interview him!💕💕💕

[@rcabrera27]

Wonderful advice from Mr. Wonderful himself. ❤

[@coolguy5409]

Never liked Kevin before but I now have to respect the man. He has some sound advice.

[@JerzJ90]

Kevin O'Leary is my hero. Youre so favorable to have his time and energy. Best to your success & keep up the efficiency. Onward, -Jerzee

[@Levelupmillionaire]

Keep having guests like Kevin on the show. This was a good one.

[@angelhands7]

Erika, this podcast was very informative 🤑

[@ziggyess]

Kevin is on point! Love the podcast ❤

[@michaelanthonygutierrez]

Your podcast is awesome

[@cristina250980]

Learned a lot! Thank you! 😊

[@abrahamrai]

Great, great video. Thank you Kevin and Erika. I will have all of my 4 young kids listen to this video, great influence and great video again. God Bless.

[@KipeSama]

Great interview. Keep it up !

[@sims398]

Excellent, thank you.

[@kamwar474]

Fantastic interview! Thank you for bringing excellent content.

[@11olneyr]

Kevin is a genius!!! Love this man! My favorite shark! Fantastic advice and solid truth sir! God bless!!

[@abhijitchaterji]

17:50 is ❤ and other love is Kevin’s A Lange & Sohne but didn’t like his red rubber strap on it. Red custom Alligator will look better. I too wear perpetual Lange and I love it.

[@marsme7511]

Excellent work! I love it. Greetings from Germany! PS: Happy to hear that he loves Lange watches.

[@everybodyfitnessinjax]

Thank you for this one, Erica! 🙏💛💯

[@AM-rb2wq]

Very very good! I wish this was taught in schools!

[@kvmiko]

Erika is here for the PEOPLE ✊🏼

[@Eren_yeager77]

Last line of kevin sir was incredible be true to yourself so you never have to think what you said

[@benarmstronking]

Being a KZbinr is pretty much like the best job ever. It's like running business, and you just need to offer your viewers what they need or want. Starting channel can be tough, but there are tools like Famester which could massively help you to kick start your channel. And if you use it constantly, you pretty much don't have to worry about algorithms ever again.

[@BlueVanilla90]

For non native english speakers it would be essential to add subtitles, to help us follow the speech, especially because it is a tecnical topic. Would you insert them? Thanks, from Italy.

[@lovepeoplehu9883]

Learn English please

[@gracemoreno4718]

This is great! I really like Kevin. Respect!

[@Debbisea123]

The both of you are amazing. Thank you.

[@kirrileeparkinson3492]

Very good, I like him, well done

[@timwindsor03]

Another incredible interview ERIKA. Thanks for sharing. Keep them coming. Hope you have an incredible day.

[@Erika2]

Thank you! You too!

[@Userr7.77]

You’re doing great with those

[@TwoSwift651]

Great interview! 👏🏻👏🏻

[@jewelsoncagakit8423]

Love this !

[@lolascloset2862]

Great video 😊

[@KnightDriveTV]

There is a hz adjustment in most cameras to not show the LED flashing...lol. Great interview...fix the cameras...its cake to do it.

[@Erika2]

I know 😭😭 I’m so sad I messed this up but I was really nervous setting up and completely missed this

[@richarddixon3081]

Some ppl may not care for Kevin but he speaks facts on most everything business wise. Put sum respek on his name

[@anthonyc70]

I agree..however if it weren't for "spenders" there wouldn't be an economy. For instance, I love cafes..local or chain. Now I know I can make coffee at home. For the price of a cup..I can purchase a small can. But , I love the experience having it made /served. I like sitting in the establishment. Now, the cafe employs people. They pay taxes. The product/ supply they sell is purchased from a manufacturer.. a factory..to which it is grown..harvested..ect.. In both cases in between the product needs delivery. To which that employs people. The building itself where the cafe is in..has to be built. The indoor arranged and decorated.. All employing tax paying tradesmen. There are inspectors, lawyers, bankers investors. Advertising. My point..I could go on and on. That need..that sandwich & coffee creates an opportunity. How many entrepreneurs had started this way. I'm not rich..but I believe in common sense.

[@jaszmyanewton2400]

This Is why j want to be a Lawyer my mom and family wants me to be rich and i want to help and become what i want my dream would love to be a Lawyer so im saving my money and infesting ❤ btw im 11

[@humzj]

Great episode Erika, love the apartment set up ! Is it just for this episode or will it be featuring in future eps too ? Looks like an episode of suits !

[@levertis1987]

I believe it’s his apartment

[@n.c.467]

@@levertis1987 Hope so, because the flickering lighting was very distracting!!

[@BlackConsensus]

Business is binary🤯🤯

[@merveozdemir7848]

could somebody fix the ligth behind 🙁

[@danielsbalmeida]

Is it 15% gross or take home?

[@raylo996]

After tax

[@levertis1987]

Great video. You always deliver 👍🏽

[@ggkk6474]

Mr. Wonderful nothing but class and fashion .....love the watch bands and the salads he makes.

[@Technie87]

Why is that cabinet door open back there 🤒

[@skynet251]

Its simple like he said," don't spend more than you bring in and on stupid stuff". Buy assets.

[@JT-mr3db]

If buying a measly coffee every day is stopping you from achieving your financial freedom, then you’re broke AF.

[@littlebrit]

I don't know how to make a million dollars, but I know how to change a light bulb.

[@earthwhitehousespiritualwa6631]

Wow nice video. Priase God!!!!!!!!!!

[@wpetersen1081]

Even if you have 2 million dollars 30 years from now, what is it going to be worth with inflation

[@b.c.2836]

A lot more than $0 and a lot more than being -50k (or more) in the hole

[@rodey6594]

It'll grow as long as its invested not in savings account that barely makes you anything. 😂

[@tracyhenry6752]

what is with blinking lights in the background?? distracting

[@davidpaterson7142]

Do not spend your life saving money expecting it to provide you with a better life in the future, because you will be dead by then, or at best you will be old......who wants to be the richest guy in the grave......

[@tracyhenry6752]

nowhere to tap leave a review..at the bottom of what? i tapped the link

[@VecchioPensionato]

There are more believable comedians out there.

[@farhanjaffer3913]

Money doesn’t care about your personality. Make money by any means necessary. The gov is already taking most of your check which doesn’t really help you, make money however you can.

[@gilbertescalante6736]

"Charge them that are rich in this world, that they be not high-minded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy; that they do good, that they be rich in good works...." --1 Timothy 6: 17--19.

[@user-bw4xw3yt1z]

KO is a criminal

[@Happycat8385]

When you're a billionaire, your wife can get found not guilty of killing two ppl in a boat when a poor person would go to jail

[@nabilsarquah7705]

.o😊😊😊😊,😊

[@IEatMenForBreakfastFukFace]

I love her videos but WHY does she always give the impression she is being held at GUNPOINT😭😭😭

[@ryanhummer1251]

Too many commercials that are not sincere. That's why I stopped watching your show. Keep a balance...

[@agilachristian]

I agree 😤😤😤 I pay monthly subscription not to listen/watch commercials yet you are advertising on my time Your videos are informative and there is a lot of great value in the content and I commend you for making this interview available

[@we-are-brooklyn-coffee-shop]

If you leave by this principles and still manage to find excuses to not succeed financially…. Shame on you 🙄

[@marcdc6809]

I don't think I could tolerate a Kevin O'Leary style manager, too much cognitive dissonance between teaching my children to be civilised and kind human beings and then putting up with a buffoon that uses phrases like 'not giving a sh#'... I told a boss once that I have rather high standards for my managers... when I change jobs I consider it to be me who fires the management.

[@NINAANININA]

I hate that guy. He is so abrasive...I cant stand to look at his face or listen to him. It is very hard to find him inspiring or motivating. You can be a successful businessman or a woman but still maintain your humanity.

[@TheLuminousOne]

IMHO. We need less of these 'successful' people. We need more sages, healers, lovers and restorers on Earth.

[@a.leehilliard4716]

Exactly.

[@jeanne553]

O'Leary is a horrible human being.