In the video, Graham Stephan from CNBC's "Millennial Money" introduces a new series called "Boomer Bucks" featuring Kevin O'Leary from Shark Tank. O'Leary discusses his global real estate strategy, YouTube channel growth for promoting his Shark Tank companies, and his investment philosophy focused on ETFs and dividend-paying stocks. He shares insights on work-life balance, family sacrifices for entrepreneurial success, and the importance of financial literacy. O'Leary emphasizes diversification in investments and social media presence, criticizes wasteful spending, and values assets that appreciate over time. The video ends with Stephan promoting his social media channels and offering a free stock through Weeble for new deposits.
Here are the key facts extracted from the text:
1. Kevin O'Leary has multiple homes around the world, including in Switzerland, Miami, Boston, and Toronto.
2. He tries to have a home in any city he's in for more than 60 days.
3. He prefers to buy homes for cash rather than taking out mortgages.
4. Kevin O'Leary started making YouTube videos to help his Shark Tank companies and to build a community.
5. He started his YouTube channel about 8 months prior to the interview and had grown to 270,000 subscribers.
6. He features a Shark Tank company in each of his YouTube videos and is transparent about his investments.
7. Kevin O'Leary works 10 hours a day, typically from 4:30 or 5:00 am to 10:00 pm.
8. He takes breaks throughout the day but is always working.
9. Kevin O'Leary does not believe in work-life balance and thinks entrepreneurs must sacrifice their personal life for freedom later in life.
10. He has multiple income sources, around 30, and invests in various assets, including ETFs and individual stocks.
11. Kevin O'Leary's investment strategy is conservative, focusing on preserving capital rather than trying to beat the market.
12. He invests in financial services companies and has invested millions in these companies.
13. Kevin O'Leary has a large portfolio of watches, which he considers a valuable asset that appreciates over time.
14. He believes in buying high-quality, long-lasting items rather than cheap, disposable ones.
15. Kevin O'Leary's mother taught him to value money and not to waste it.
16. He has a high credit score due to paying off his credit cards every month.
17. Kevin O'Leary thinks mainstream media still has value due to the brand equity they've built.
18. He advises entrepreneurs to build their personal brand and to be mindful of their online presence.
19. Kevin O'Leary has around 30 credit cards and pays them off every month.
20. He saves around 50% of his income and spends the rest on big-ticket items that can generate returns.
21. Kevin O'Leary's biggest investment is in his financial services companies.
22. He has invested in over 50 startups, with most investments ranging from $200,000 to $1 million.
23. Kevin O'Leary writes off millions of dollars in losses each year due to his startup investments.
24. He has a large portfolio of companies through his production company, Larry Productions.
25. Kevin O'Leary advises entrepreneurs to diversify their online presence and not to concentrate too much on one platform.