close
close
migores1

Kevin O’Leary’s father warned him he would “starve to death” if he followed his passion. Getting an MBA ended up changing his life

Kevin O'Leary's father warned him he would

Kevin O’Leary’s father warned him he would “starve to death” if he followed his passion. Getting an MBA ended up changing his life

Kevin O’Leary, the outspoken investor known as “Mr. Awesome” from Shark Tank, didn’t always plan to be a business mogul. His first love was something else entirely: photography.

Fresh out of high school, Kevin dreamed of turning his passion into a career. He even set up a laboratory in the basement and did whatever he liked. But his father had a harsh dose of reality for him.

Don’t miss:

“You’re not good enough and you’ll starve,” his father told him bluntly. His father pushed him to go to college and get a degree, telling him not to follow his heart. This tough love turned out to be some of the best advice Kevin could have received, even though he may have felt his aspirations dashed.

Trends: General Motors and other leaders have revealed themselves to be investment in this revolutionary lithium start-up – allowing for easy entry by launching at just $9.50/share with a minimum of $1,000.

Kevin followed his father’s advice and went to college, eventually earning an MBA. Although not part of his original plan, this degree would later change the game. He soon found a way to combine his passion for photography and production with his business skills, launching his first company, Special Event Television, which produced programs for East Coast hockey games.

That first fling set the stage for a very successful career. Kevin and his co-founders eventually sold the company, and Kevin used the money to start his next venture, a software business called Softkey, which he later sold for $4.2 billion.

Trends: Unlock a $400 billion opportunity by investing in the future of EV infrastructure this startup is already valued at $50 million with just $500.

Still in his mid-30s, Kevin decided to retire and live the kind of financially independent life that most of us can only imagine. He traveled the world visiting the most beautiful beaches and other amazing locations. However, something unexpected happened – he found himself bored despite the luxury and endless travel. “I’ve been to every beach on Earth,” he says, but after three years, “It was very boring.”

Trends: Elon Musk and Jeff Bezos are optimistic about a city that could dethrone New York as the new financial capital of the US. Investing in its booming real estate market has never been more affordable.

The excitement of creating something, taking risks and participating in the business world was something he lacked. Retirement proved unsatisfactory, although it seemed to be the ultimate goal.

In addition to his father giving him tough advice, Kevin also credits his mother for giving him some of the best financial advice he’s ever received. She taught him and his brother a simple but effective lesson: “Boys, never spend the principal, only the interest.” Although he didn’t fully understand it at the time, this lesson has guided him throughout his life and career.

Kevin O’Leary’s life story shows that success doesn’t usually follow a straight line, but often involves following hard-to-hear advice.

Read on:

UNLOCKED: 5 NEW TRANSLATIONS PER WEEK. Click now to get top trading ideas dailyplus unlimited access to state-of-the-art tools and strategies to gain an edge in the markets.

Get the latest stock analysis from Benzinga?

This article Kevin O’Leary’s father warned him he would ‘starve to death’ if he pursued his passion. Getting an MBA ended up changing his life originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Related Articles

Back to top button