Shark Tank Star Kevin O’Leary Analyzes Marrying Late and Offers Financial Advice for Couples

Kevin O’Leary, renowned as Mr. Wonderful on Shark Tank, has dispensed valuable financial wisdom over the years, assisting budding entrepreneurs in sidestepping pitfalls while taking calculated risks to grow their ventures. Recently, he offered intriguing insights related to personal relationships.

In a recent interview with Fox Business News on September 20, 2024, O’Leary asserted that young couples should consider starting families at an earlier stage. He further recommended that they maintain separate financial accounts instead of merging them. Reflecting on his own experiences, the Shark Tank mogul expressed a desire to spend more time with his children during his younger years. He remarked:

“I delayed marriage until I was 36, and I view that as a mistake now. I cherish my kids. However, I long for the time I could have spent with them when I was younger.”

Kevin O’Leary’s advice for young couples: Marry early

In an Instagram snippet from his Fox Business News interview, O’Leary encouraged young individuals to marry sooner without being overly concerned about the expenses tied to expanding their families. The reel, posted on September 20, 2024, featured the caption:

“Listen to me: get married earlier and have more children. Family is everything! That’s what truly matters. Agree?”

O’Leary elaborated on his reasoning, sharing that he wished he could have spent significantly more time with his children earlier in life. This sentiment led him to advise young people against delaying family planning. He reiterated the idea of marrying sooner and having a larger family, stating:

“I wish I had my children a decade earlier. Family is paramount; that’s the essence of life. Don’t let financial concerns deter you from having kids — look for a partner you genuinely enjoy being with for the long haul.”

During the conversation, he also cautioned couples against combining their finances. O’Leary highlighted that a thriving relationship is built on financial independence and distinct credit histories. He noted that many marriages falter primarily due to “financial pressures,”which complicate maintaining stable financial habits.

In the event of a separation, untangling shared accounts can be particularly challenging. O’Leary emphasized that merging finances is generally unwise, advising:

“In every relationship, I recommend individuals maintain their own bank accounts and credit cards—never intertwine your finances. Numerous unions end not due to cheating but because of financial strain. No matter how deeply in love you are, keep your finances distinct.”

O’Leary underscored the need for a “separate financial identity”by maintaining independent credit records, continuing:

“Post-divorce, if you’ve merged your finances with your partner, you effectively lose your standing in the financial system. It’s essential to have your credit history. Lacking a personal financial identity leaves you lost in the American economic landscape.”

Fans can connect with Kevin O’Leary via his official Instagram. Additionally, episodes of Shark Tank can be streamed exclusively through the ABC Network.

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