My mom was not a stock analyst—just a working woman. But she built a huge portfolio using one simple strategy: 20% of every paycheck went into dividend stocks and bonds. No more than 5% in any one stock, no more than 20% in any sector. She did that for 60 years. When she passed, she was rich. That strategy? I built an ETF around it.
Her focus on dividend stocks, risk management, and patience is a masterclass in smart investing. A true inspiration! 💰👏
Great strategy. The sooner you start the better. Why don’t they teach this in high school and college? Should be part of finance basics.
I'm more impressed that Kevin O'Leary's mother never let on that she had built a substantial investment portfolio. Too often, children who grow up knowing their parents are ultra-wealthy lack the motivation strive for success because they’re banking on eventually inheriting their parents' business or fortune. What’s even more unfortunate is that many fail to consider that their parents may live well into their 90s or beyond. I’ve seen cases where the “kids” reach their 60s and older, only to realize, too late, that the wealth they once assumed would fund a life of luxury won’t materialize as they had imagined. It’s a tragic pattern for many. Studies show that around 70% of wealthy families lose their wealth by the second generation, and 90% lose it by the third. One major reason is that children who grow up knowing they will inherit significant wealth often lack the motivation to build their own careers. Kevin’s mother made a smart decision by allowing him to believe they were just a middle class family, most likely instilling in him the understanding that if he wanted more, he’d have to earn it himself. Smart woman. The dividend, diversification and dollar cost averaging strategy is the easy part.
I'm confused. Why didn't she spend that money? What's the point of dying rich? It could have helped someone alive...
Your mom was one smart woman! My BFF from high school's Mom had the same money smarts......she always advised us to invest in real estate and when working, take at least half your paycheck, bank it and live on the other half! I never forgot what she always advised me to do.....just didn't act on it....dumb & 19!!! Your story of your Mom reminded me of her.....a couple of very smart women! I just remembered another financially smart woman.....ever hear the story POTUS told about HIS mom!!
Yes, a flashback to a time where workers were able to "put away" savings for their future. The days when companies invested in, and treated their employees as family members. Fast forward to Today.. Corporations, run by those that share the same ideologies as Kevin, flush with cash and driving their human commodities to the breaking point to fulfill "ITS" insatiable appetite for More & More! How would Mrs. O'Learly respond to seeing young people today having no alternative but to work several "Contract or Gig" jobs, with no security and little to no savings left at the end of payday while the Slave Masters who lead these corporations become richer and greedier? Kevin proves he is completely out of touch with, or doesn't care at all, about the realities of today's work environment. Kevin, If you possess a shred of the Humanity some feel you do, you should feel quite embarrassed posting a video suggesting that "All you have to do is this..." for success.
You are talking about your family for a change along with money, it sounds like you admired your Mom a lot. There's the Humanity I thought you said you didnt believe in . Good on you. For a change, you are talking about your family, albeit with money, but at least you are talking about those you love besides money. NIce to read for a change instead of always about money.
Consistency and not overdoing it helps. People try to do so much today and put effort into 10+ things to make money when all it takes at times is just consistency
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2wSaving and investing step by step will bring wealth in the long term. Not many people are taught to invest since early ages.