Kevin O'Leary says he buys $29 Walmart jeans — but admits to spending $120 on a single pair of boxers
Kevin O'Leary, known for his frugality and bluntness on Shark Tank, has gone viral for comparing the cost of a $29 pair of Walmart jeans he regularly wears to the $120 he spends on Egyptian cotton boxers from a Swiss brand. While O'Leary saves money on many items, he is willing to spend on things that directly impact his appearance and well-being.
He doesn't buy expensive coffee and avoids unnecessary purchases, instead prioritizing investments that grow his wealth over time. O'Leary recommends a simple closet audit to determine which items in one's wardrobe are actually used, suggesting that most people only wear about 20% of their clothes while the rest remains untouched.
He advises investing 15% of one's salary before spending it, which, if done starting at age 25, could result in over $1.5 million by retirement, according to historical returns from the S&P 500. The self-made millionaire emphasizes the importance of living below one's means and investing the remaining money to build long-term wealth.
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